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What’s Coming Shortly Is Bad, But…

Sure, you’ve got some things lining up for the second phase of the Meltdown. For your consideration:

1) FDIC has run out of money so they’ve stopped closing banks they’d otherwise have to bail out. Ominous, as this strategy is not sustainable. [link]

2) CITI bank has lost $8,000,000,000 in their credit card business this year and are on life support. They suddenly shut off a bunch of gas cards last week.

3) CIT is the major provider of financing for small/medium business in US. They’re on life support, too. When (not “if”) they go under they’ll take the major source of jobs in the US with them. B-A-D…

Oct 2009

end-of-recession_smDisturbing Developments: Are We On The Brink?

Aug 2009

Last Post?
“What happened to Scott?”
“Everyday we check, but Scott brings us no new news. So we give up.”
OK, so I’ve been “missing in action” for a couple months. Honestly, personal issues have made it all but impossible for me to monitor events and post updates. Well, at least I can offer you one Last Post.

Last Post?

Scott's Soapbox

Hi Everyone,

Please excuse and indulge a personal (rather than “newsworthy”) post. I’ve read your kind comments wondering what’s happened to this site, and me.

As you’ve no doubt seen, I haven’t posted anything since June. Why? Honestly, the middle of June brought new information to my attention regarding what was (is) likely in store for us later this coming fall.

It is not good.

What I read then, corroborated from multiple sources I’ve grown to trust over the last 3 years or so, was viscerally disturbing…the kind of stuff that knots your gut with dread.

18 Banks Inch Closer to the Precipice

bank-cracked_120x85Standard & Poor’s downgraded the creditworthiness of 22 18 banks [link] including:
Wells Fargo “AA-“,
US Bank “A-“,
Fifth Third Bank “BBB” [what the ratings mean]

“We believe the banking industry is undergoing a structural transformation that may include radical changes with permanent repercussions,” said Standard & Poor’s credit analyst Rodrigo Quintanilla.

“During Times of Crisis, How Can I Help?”

Swami Kriyananda answers this question and talks about the HUGE coming changes in the video below.

mystic harpTo those who don’t know him (or know of him) he’s just “a nice, kindly man with a gentle sense of humor.” Well, I’ve kept tabs on Swami Kriyananda (aka J. Donald Walters) since 1993 and offer my personal testament to his devotion to God, and helping others through Him. He is a man of tremendous energy and deep insight, as well as my inspiration for creating this site and giving away my silver.

The 3 Stages of the Coming Silver Shortage

 Ted Butler’s friend and mentor Izzy takes the soapbox on “The 3 Stages of the Coming Silver Shortage”. 

Editor’s note: Izzy’s article was originally published a few years back, when silver was at $9+/oz and before the recent run-up in silver to $16. True then, moreso today. Consider this: we have already experienced Izzy’s STAGE ONE scenario (last year), get ready for STAGE TWO.

PHYSICAL SILVER YES, SPECULATION NO
By Israel Friedman

(This very bullish opinion was written by silver enthusiast Israel Friedman, age 73, a friend and mentor to Theodore Butler. Mr. Friedman has owned and studied silver for 30 years.)

June 2009

bank-rate_up_or_down_70x55Second-Largest U. S. Bank Downgraded & In Trouble
You heard it here first, 18 months ago, when I warned about this bank and told you why I closed all my accounts with them. Standard & Poor’s has downgraded them and 17 other banks. But the big surprise was the “D+” independant bank rating, down from a “C” just a year ago. 18 Banks Inch Closer to the Precipice

COMEX Warehouses in Trouble?

Since I started tracking COMEX gold and silver warehouse levels last November I’ve grown to be very suspicious of the numbers COMEX reports each day. In spite of increased physical deliveries in both metals, “registered” inventory levels remain more or less stable. This is why I gave up daily updates in favor of weekly ones; I just don’t have all that much faith in COMEX reporting.

Jim SinclairHero and venerable gold guru Jim Sinclair has experience in all things gold going back to the 1970s. Things happening NOW at COMEX gold warehouses are reminding him of severe delivery problems that bankrupted brokers BACK THEN.

Will Increased Delivery Demand Break The Gold Warehouses?

Will the COMEX Manipulation Ever End?

Jim SinclairThe headline above echoes a popular question asked by all who suddenly realize gold and silver prices have been manipulated on the COMEX. No less an authority than Jim Sinclair (of JSMineset.com) answered this query Monday, June 8, 2009:

You always offer me, among the many other lamentations in your communication, the fear that gold and the dollar will always be manipulated to withhold true pricing.

My answer is manipulation only works in the direction anything wants to go in the first place, which gold and the dollar have so far proven correct. Step back and from the day to day ticks and look at the big picture.

Thomas Jefferson Quote of the Day

"It is neither wealth nor splendor; but tranquility and occupation which give you happiness."

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