The recap below is so Powerful, I had to post it....from last nights Midas (Sept 2)!

> Are you ready?
>
> To all; are you ready? Never in the history of financial markets have
> there been so many landmines in place, each one wired directly to a
> nuclear bomb that sits atop the ENTIRE global financial system. The
> "master's of the financial universe" have postponed the coming day of
> reckoning for so long and in so many different ways that they have
> backed themselves into a corner where almost any movement at all will
> trip one of these numerous landmines.
>
> The Fed and Treasury have already blown up and destroyed their balance
> sheets and thus guaranteeing "banana republic" status of the U.S. for
> years to come. The banks have another wave of home mortgages about to
> crest directly on their heads, not to mention the mountain of commercial
> mortgages that are and will become poisonous enough to destroy the
> banking system. Consumers are completely in over their heads and in no
> way can they "spend us" out of this depression. This hail Mary play was
> used after the 2000-2002 recession, you can fool Mother Nature with a
> hail Mary pass once, she won't fall for it again because the consumer
> does not have the available credit capacity to spend anymore.
>
> The Chinese have spoken and their words have been dire. They have called
> for a new reserve currency and now they tell us "you sold us crap that
> never had a chance to perform, thus neither will we". They have told
> anyone and everyone willing to listen that they are going to default on
> their portion of the $1+ quadrillion pie, the entire structure will
> collapse! Does the U.S. media report on this? Have investors listened to
> this? No way.
>
> There are "audit proposals" of the Fed that are running rampant. Can the
> Fed or Treasury pull their pants down and get a clean bill of health? I
> don't see any possible way. The Gold is not there, the balance sheet and
> Dollars outstanding are probably far, far beyond what we have been told.
> What kind of assets has the Fed been buying? And from who? Most
> hilarious of all is the Fed telling us "we will monetize Treasury debt
> to the tune of $ trillions", and this is good? Even an idiot could (and
> will) figure this one out.
>
> In the metals arena we have had anecdotal evidence for years that the
> West has been disgorging their hoards of Gold to hold the price down,
> and more importantly to support the artificial values of their paper
> issuance. The paper game of suppressing Gold is coming to a close as
> evidenced by zero contangos, lack of metal inventory movement while
> contracts by the 1,000's stand for delivery, ETF shenanigan's and a lack
> of transparency in inventories all over the world. Gold is up about $20
> today which is certainly a change of pace and breaking the "2%" rule.
> Normally Gold makes its move early on and is then capped for the rest of
> the day, this is not happening today and is very different from the
> action of the past 10+ years. Technically Gold is breaking up and out of
> a multi month "pennant" pattern, today and tomorrow should clarify this.
>
> I started this piece with "are you ready?". Are you ready for
> everything, and I do mean EVERYTHING, to change? Are you ready for
> volatility to move far beyond the levels of last fall? Are you ready to
> find out whether or not the "piece of paper" you hold in your hand will
> actually deliver real Gold or Silver? Are you ready for a financial
> holiday that will bring us a new currency? Are you ready to find out
> whether your local grocer will accept your "paper" for their goods? Are
> you ready to watch your bonds, CD's, MM accounts and retirement accounts
> take a 50% (and probably much more) purchasing power haircut? Are you
> ready to be told that you need to be "off the streets by sundown" by
> someone in a uniform? Are you ready to have zero access to your hard
> earned capital whether it be bank accounts, stocks, bonds or whatever?
>
> I have only issued a "crash alert" two times previously, today I issue
> the third. I believe a crash is imminent and will be much worse and far
> more widespread than anything we have seen over the last 18 months. I
> believe the day of reckoning has arrived. Are you ready? Regards, Bill H.