Last Friday I received an email from Jim Rickards in which he stated:
‘Mark this date on your calendar now: Friday, Sept. 30, 2016. On this date, one single event could spell disaster for the U.S. dollar, effectively gutting the U.S. stock market and cannibalizing your retirement savings.’
That’s a little disconcerting, but the truth is I already knew what he was talking about. You see onOctober 1, 2016, China’s Yuan officially becomes a world reserve currency as it is added to the basket of world reserve currencies that make up the SDR or Special Drawing Rights.
The IMF or the International Monetary Fund has been called “the most powerful financial institution on earth”. This institution has already been deemed the World’s Central Bank, but on September 30, 2016 it really will have all the power of a world central bank and all international trade will be transacted utilizing the SDR issued by the IMF as the new reserve currency.
‘The IMF, in conjunction with the Chinese, are working around the clock to end the reserve currency system and introduce a variety pack of SDR “units of account”.’
This will create a centralized international currency for use by sovereigns for international trade, a centralized world market and the beginning of a new world order in which the globalists’ dream of a one world government starts to take shape.
Currently, all international trade between countries utilizes the US Dollar as the world reserve currency, but as of September 30, the plan is for all future trade to begin using the SDR instead.
This will greatly impact the US Dollar in a negative way and cause the value of the dollar to come crashing down and that in turn will cause a huge collapse of the US stock market and a huge rise in gold and silver.
‘In addition to this move, China will announce the results of a new audit for their gold reserves, which is a key part in the IMF allowing China to become the gatekeeper for SDR internationaliz
ation. And dependent upon how much they declare their reserves to be, it could be a shock to the system for U.S. hegemony over the gold price, and open the door for Shanghai to wrest full control over the pricing of precious metals.’
What to expect? In a word, ‘Inflation’ or perhaps over time, ‘Hyper-Inflation’ and simultaneously, we will see recession, if not depression.
The stock market will crash, jobs will be lost, goods will cost more, and retirement savings will be wiped out.
The only safe investment to be in before this all goes down is precious metals. Gold and silver will be the only investment that not only holds its value, but soars in value after September 30 and over the coming years.
Don’t ignore this warning! You have very little time left to prepare.
Live long and prosper.
Precious Metals: (RGLD) (SLW) (GDX) (SIL) (FNV)
Gold is being squeezed into a wedge pattern. We will only see a sideways consolidation until it breaks either to the upside or the downside. I think the probability leans to a break to the upside as early as next week. But in case I’m wrong, I would place hard stops just under the uptrend line to protect your profits and capital.
There is so much going on behind the scenes in the global economies and all of them are bullish for gold. If gold does break to the downside, I can only say that it will be a very temporary pullback before rocketing higher in the next few weeks.
Watch your stops and look for that break to the upside.
Stock Market: (SPY) (QQQ)
All three indexes soared to record highs simultaneously today (Thursday) with little or no news to justify it. All I can say is, ‘this market is rigged.’
The current political establishment in power wants everyone to believe that this economy is doing extremely well due to the policies of the Democratic Party and to do that, the stock markets are manipulated to higher highs.
For those that don’t pay attention to the real economic indicators, the stock market along with the BLS (BS) employment numbers appears to the average Joe like everything is peachy with the US economy.
This will end badly for us all, but if you believe what’s being represented (or misrepresented) by the stock markets, enjoy it while you can, because they are all lies, a con game, a Ponzi scheme.
With insider stock buying at record lows and the smart money selling, only the US Treasury and their conspiratorial partners have the ability to influence the markets this way. Japan is one of those partners and they are one of the largest holders of US Stocks on record.
Energy Stocks: (XLE) (UNG) (USO)
Crude had another spike up today, which also helped to juice the stock markets. This is just a temporary short squeeze perpetrated by the algo-driven programs to spike on the slightest positive headlines regarding the oil markets.
Keep in mind that the downtrend line is still in play. I don’t expect this recent spike to last much longer and we should soon see a resumption of the downward cycle.
Commodities: (JJG) (DBA) (JO)
DBA is still on a downward trend with the next support zone around $20. If a bounce is confirmed at that support level, that might be a good short term long play.
(SLW) January 2017 CALLS
(GDX) January 2017 CALLS
(RGLD) January 2017 CALLS
(SPY) January 2017 PUTS
Killing The Reserve Currency
We will keep a close eye on these upcoming meetings as it appears September 4 and 5, 2016 will be milestones in monetary history. The dollar will not die during these meetings, but it seems like it is going to get a much needed wake up call.
Get Ready America… China is Preparing to Fully Challenge the Dollar by October
On Aug. 1, China announced that around the 1st of October they will be internationalizing the IMF’s Special Drawing Rights (SDR) currency for global use in trade, thus placing the currency basket in play for nations to use instead of the dollar.
"Sell Everything"... But Why: What Has The Smartest Investors So Spooked?
So when a cluster of high-profile hedge fund and long-biased managers go out of their way to give dire warnings about the U.S. equity market with stocks sitting at or near all-time highs, any sensible investor needs to pay attention.
The Worst Global Crisis In History Will Be Triggered In The Next Few Months
“This coming autumn, we are likely to see the beginning of the hyperinflationary phase of the sovereign debt crisis. Hyperinflation normally hits an economy very quickly and unexpectedly and is the result of the currency collapsing.