What a wild ride this morning. Silver was up from $45 on Thursday to $49.85 by the time I woke up this morning. That is almost a 10% move in less than 24 hours in an open market. The news seemed to be kicked off on Monday by one of China’s central bankers, Zhou Xiaochuan, who said “that China’s foreign exchange reserves exceed our reasonable requirement and that the government should upgrade and diversify its foreign exchange management using the excessive reserves.” The real fire works started when Tang Shuangning the chairman of China Everbright Group said that China should keep its foreign exchange reserves restricted to between 800 billion to 1.3 trillion U.S. dollars. That would mean that China would be net sellers of $2 trillion dollars of paper assets. (Source)
If you remember my Doom is Always 6 Months Away article, things are getting a little creepy. Silver will be the tipping point of the final financial crisis in the Anglo America empire. The silver fraud will lead to massive bailouts and money printing. This will lead to the collapse of the US dollar, economy and bond market. The Elite (Trump) will then blame all of this on China and push us to another World War. China is doing quite frankly is exactly what I am telling you to do. Get rid of all dollar denominated assets and buy real tangible assets. The good news is that while China may not be able to extricate themselves from the dollar trap, you can.
“It’s not the strong, nor the intelligent who survive, but those who are quickest to adapt.” Charles Darwin.
I sent out an action alert this morning to all of my subscribers telling them that any day you can trade fake money (FRNs) for real money (silver) is a good day. I also stated that the day is drawing near for when this will end and the Silver door will be shut. I urged everyone to not waste another day and prep like there is NO tomorrow. If you don’t have silver, buy some, but more important than that, buy food, supplies, guns and ammo. I recommend that you buy 3 months worth of food immediately to use as a buffer. This way you can continue to shop you regular weekly food shopping and cycle through the buffer you have. If you have that checked off get storable food from one of our fine affiliate sponsors. Also it is a good idea to get a garden going too.
The writing is on the wall.
Don’t be one of the ones caught short with a “shoulda, woulda, coulda.”