We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Why Investors Will Choose Gold and Silver

Governments lie; bankers lie; even auditors sometimes lie. Gold tells the truth. - Lord Rees Moog, former editor of The Times of London

We certainly live in interesting times. The European Union, European Central Bank... and the IMF are wringing their hands about the European contagion that will soon spread throughout the world. But here is nothing they can do about it. They are doomed whether they turn on the printing presses or not. It's death by deflation... or death by hyperinflation. Re-pricing gold... and a return to some sort of international gold standard... is the only viable solution left. Russia and China have got that figured out already. I'm sure that virtually every ounce their digging out of the ground these days is going straight into the vaults of their respective central banks. I hope, dear reader, that you've got that figured out, too.

Jim Sinclair of jsmineset.com sent us this missive this morning about the attack on currencies that is currently unfolding before our very eyes.

1. Bretton Woods was folded.

2. The floating exchange rate system is about to be folded.

3. By default or design we are going to a one-world currency and a one-world central bank of central banks.

4. For Portugal, Ireland, Italy, Greece or Spain to break off from the euro would be an expansion of the floating exchange rate system under present conditions.

5. There are presently 3 major currencies. That is the US dollar, the euro and gold.

6. The SDR was an attempt to form a single reserve currency that never took flight.

7. The SDR is an accounting unit made up of an index of currencies much like the USDX.

There is no immunity now from the size of funds seeking to speculate or manipulate markets. This type of money is attacking the debt of the weaker euro states by intention or coincidence. Their success in the Iceland situation was only the first chapter of a multi chapter play. Central bankers fear that this type of action, most certainly if it is as successful as it was on Iceland, succeeding against the weaker euro states could easily attack the present functional reserve currencies, the US dollar and the euro. There is an implicit fear that if the ECB refuses to or cannot sustain the debt of Portugal, Ireland, Italy, Greece and Spain the next to fall will be both the US dollar and the euro. The states of the US are no different, in form or short opportunity, than weak members of the euro. Already major money is short California, New York and Pennsylvania debt. A pounding of state debt is as easy as the pounding of the weaker members of the euro. Attack of a currency is primarily an attack of the debt representing that currency.

The "Oracle of Omaha" (Warren Buffet) himself now sounds the alarm that the shares of fiat empires are about to collapse. You were always years ahead of the curve for those who listened. We thank you for your service.
Remember the final pillar Jim has told you about!
The stage is set .the act will come to a final curtain call and gold in hand is your ultimate lifeline.
CIGA "The Gordon"

Buffett bearish on currencies holding value Greek crisis will produce ‘high drama,’ Berkshire chairman predicts May 1, 2010, 1:08 p.m. EDT

OMAHA , Neb. (MarketWatch) — Warren Buffett said Saturday that he’s bearish about the ability of all currencies to hold their value over time because of massive deficits being run up by governments in the wake of the global financial crisis.
The Berkshire Hathaway Inc. chairman also warned shareholders attending the company’s annual meeting that the Greek debt crisis will produce "high drama" and said it’s unclear how it ultimately will be resolved.
The financial crisis was stemmed by massive monetary and fiscal intervention in developed economies like the U.S. and the U.K. That’s shifted a private-sector debt mountain on to governments, increasing concern about sovereign risks.
One concern is that governments will print lots of new money to pay debts, undermining the value of currencies and triggering a damaging bout of inflation.
"Events in the world over the last few years make me more bearish on all currencies in terms of holding their value over time," Buffett said.