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Gold and silver are getting slammed. However, John sees a silver lining. The speculators are being driven out of the market, the paper market that is, and the seasonal factors are looking up. Every person interested in precious metals should be looking at the Commitment of Traders Report. The COT is almost always correct as a predictor of future. This time will be no different.
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DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions. View on YouTube
Could an Illinois bankruptcy be the catalyst for the complete loss of faith in paper currencies?
Illinois could be going bankrupt and have their debt rating fall to junk status. If the U.S. steps in and bails Illinois out, then that will shift the focus from Illinois to the currency used in the bailout: the Dollar. Faith in the Dollar could be eroded, catalyzing the demise of the Dollar and all other paper currencies, John Rubino says. Even if Illinois isn’t the catalyst, Rubino says many other states are in similar financial problems and any one of them could trigger the end of all paper currencies.
Also, stay tuned for Rubino’s perspective on the recent decline in precious metal prices. View on YouTube
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2017-07-11T16:30:13.000Z Power To Tax Is The Power To Destroy
An elderly couple has just had their entire life’s work confiscated by the IRS — without trial, without conviction, without any charges even being brought in court. When Daniel Webster & Chief Justice John Marshall said “the power to tax is the power to destroy” they didn’t even imagine the legal fiction of “civil asset forfeiture” that the IRS, DEA and other federal bureaucracies operate under.
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50 million ounces of silver was just dumped on the market in one minute…
Who was behind this silver dump? Derivatives expert Rob Kirby thinks it is the work of the U.S. government. He says the Exchange Stabilization Fund is manipulating gold and silver prices in order to support the U.S. dollar as the world reserve currency. But he says the demand for physical metal will outstrip the ability of the manipulators… View on YouTube
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