|Look at that .....that's bullshit!|
Whether its creating fiat out of thin air or flash crashes reality is no longer present in these markets. Don't think that is going wasted on people of great net worth. They're scared and getting MORE scared by the day. Some of the players thought they might be able to get out before the music stopped but they're finding more and more minefields to cross that weren't there a year ago. Now the once safe haven banks in the Caymans, Bahama, and Switzerland have been turned into potential killing fields. Safety deposit boxes are now fair game for examination and confiscation. Currency debasement is a given. Political structure in once stable regimes is disintegrating and the bail-in demands become 70% instant haircuts. Comfortable sovereign tax structures are suddenly turning into killing fields. Ten million USD saved up over a lifetime for a comfortable retirement suddenly is returning interest of 24K/year. Then you have the developing counterparty risks evolving from the MFGlobal pillage placing the independent investor squarely in front of the firing squad. Imagine your digital account at MF Global being ZERO on that Monday. Get used to it. Digital extermination is just beginning. Whether its a hack attack or a some other digital destruction the protection of holding an asset in your hand will take on an entirely new meaning.
I know you've heard the phrase "real money"....well now you are even having new meaning given to this terminology. I wonder how many of you reading this have even one ounce of gold on your person. How many have more than a handful of silver coins or bars? I'll bet its less than half maybe only a quarter of you. Sad.....but not surprising given the extreme length the cartel has gone to prevent the media from showing this trade for what it represents. ....gl with those USDs you're saving