I got a call from the East coast this morning giving me the details on the "tit in the wringer" situation at the Commodity Exchange in New York City, what we call the COMEX. The Comex has a 9 million ounce stash of gold in it's warehouse. Someone, probably the Chinese, has an option to buy 30 million ounces at $1200 an ounce. And the price of gold ain't too far from $1200 right now. This option has two days to go and then it's either time to buy or time to roll it over for another month. But there has been no signs of anyone coming forward to roll the damn thing over and continue on with the game. It looks like someone is figuring on taking possession of the gold. And that is a lot of money to be spending, unless you are a sovereign nation with a lot of reserves. Like China or India or someone like that. 30 million ounces of gold is a big chunk of the yellow metal. But if the COMEX can't cough up the 30 million ounces then they must call around to the various central banks of foreign nations and try to borrow the stuff. They probably can't borrow that much gold. So they will be declared insolvent and that will be the end of the COMEX. They are pretty corrupt anyhow. The other thing worth noting is that China and England are pretty sure that the Tungstun ingots put on the market as gold probably came from the federal reserve bank. If this can be proven and the word hits the mainstream media then the federal reserve is bankrupt also. This stuff gets funnier by the minute. Having the COMEX and the federal reserve both go out in shame would just about toast our economy. One wonders how many countries around the world have gold coated tungsten bars in their vaults. This is going to be a mess. I mean a HUGE mess.
I talk to dedicated preppers about this coming fiasco and they act a little scared. I just tell them there ain't no reason to be scared. We have prepped and prepped some more and it will all pay off for Sam and Sadie Survivalist. This has been coming for quite a while and should be no surprise to anybody. This is just one of the reasons we have garnered our food and guns and ammo and medicines as best we could. The crooks are robbing us blind and it is going to turn around and bite them on the ass. The last act of a crooked government is to loot the country and escape with the money. We are watching that right now. We will reform ourselves into what ever we think will work and absolve ourselves from the acts of the bank robbers who are stealing from us.
I want to close with a little bit about the future. Remember the words of Charles Bell who said "DO NOT BE FOOLED!" There is a campaign to get this country going in the manner it was heading when the collapse of 2007 came upon us. It didn't work then and it will not work now. Our bill for all of the international borrowing will be over 200 billion dollars this year alone. It will quickly rise to 700 billion dollars annually. This economy that is being projected by the fedgov and the media is as phony as a $3 bill. There are SERIOUS problems in our economy. Devastating problems. And the collapse will hit like a ton of bricks falling on your head if you are not ready. Do not believe in these bastards. PREPARE! This next collapse will kick this country's ass so hard it won't even be able to walk. It is all smoke and mirrors. Lies. There is a huge campaign to get the stock market up and encourage the populace to buy for the holidays. I never realized how much the stock market influences folks. But it damn sure does. And it is all manipulated. Don't ever forget that. It was manipulated before the recession hit and it is even more manipulated now. You cannot believe the media and you cannot believe the federal government. Their figures lie and they are only interested in what little money you have. But you have the right to refuse to go along with these people and you should exercise that right. DO NOT BE FOOLED! And stay alive.