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Message: The Privateer - Mid September Issue
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I dot know how to attach documents here, but if you can get a copy of the Privateer it is a VERY IMPORTANT READ. Buckler, has out done himself.
Just after Labour day Rob Kirby mentioned that something very significant was going to happen around September 15 give or take a day. It would seem that the answer lies in the last paragraph in Buckler's Privateer.
I suspect Jim Willie has given the head's up!
Buckler does a superb job of describing how the US financial system is at the very edge of total collapse and that the Federal Reserve and Treasury have very little latitude to bail out Lehman's. But NOT bailing them out will constitute a ripple- dominoes collapse of all the bigger Wall Street Banks,,,,,and internationally precipitate the beginning of the end for the TBill market. There is very little wiggle room at all with this situation as one solution would simply precipitate another crisis. In other words THIS IS IT!
The action of the significant down turn in the USD on Friday may be the start of a global realization that the US system is broken and there will be a run for the exits,,,,to dump TBills AND the USD. The dollar will be used to buy anything until it loses too much purchasing power. The rise has (if it hasn't bankrupted funds that were short the dollar) will be used by various foreign central banks and buyers to either spend or buy up as a safe haven "asset" There is no way of knowing how naive these entities are going to be or which will transcend the other....But at least in the US,,,,a USD going up will attract investment,,,and has....Now we see a potential top developing for this rally. In the face of the HUGELY unstable US financial system, one could conjecture that those who have bought this rally, will dump the dollar with equal alacrity as the fundamentals of sick reestablish themselves. We have seen the US "buy" themselves a few months of artificial "health",,,a breathing pause,,,,but I suspect this is coming to an end. We will likely see two attempts (double top) to break out of 80 on the FOREX,,,,then,,,,down we go again....And this time the dollar is going to establish NEW lows with a possible crash (as in collapse) the outcome. Will the insolvent US investment banks (aka the cabal leaders) survive and be able to short gold to contain it? Maybe,,,,as being bankrupt in fundamental terms if not in declaration may be NO impediment to continuing with gold suppression. One can only be bankrupt once,,,,and if one is already toast,...The BETTER question is whether the E.U. will cooperate in providing gold to underpin the paper gold and silver attack. I suspect that entities like the big corrupt ETFs, GLD and SLV will swing into action an provide the metal that the foreign central banks are no longer willing to waste......I have little doubt that the US has very little gold left to do so....So THIS IS IT!
Oh, and Canada's relatively better equities markets are mentioned here - as a relatively healthy exception - up to the commodities crash latest,,,,of course,,,,but the CAD has fallen against the USD and the inflation rate is still about 10%. Note that Buckler has NOT added inflation damage to these figures for world markets....The paper continues to burn and most Canadians net worth at LEAST falls at the inflation rate....And that's as good as it gets in average terms. But this data suggests a bear market beginning. And for each percentage down,,,add 10% or CAD debasement:
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