In a new interview with Shadow of Truth on Jan. 28, the world's top trends researcher Gerald Celente forecasts a global system collapse in the financial realm, and events such as Friday's negative interest rate move in Japan validate that banks are past the point of no return for saving the economy.
In fact, there are already rumors abound from analysts on the U.S. Federal Reserve that negative interest rates are on our own horizon, meaning any money or assets stored in banks will soon be subject to taxation/fees to force savers into spending before their dollars lose too much value.
It also means that the world is on the verge of systematic capital flight, with gold and silver being the most liquid, tangible, and valuable asset to own and hold.
The power to print money is the power to move wealth in whatever direction a bank, institution, or agency chooses. By increasing a money supply, you move wealth upwards towards a small group of individuals that are financially and politically set to reap the benefits of asset price inflation. And likewise, if you decrease that same supply of money, you tend to move wealth downward as asset prices sharply decline, and prices for products and services become beneficial to those who save money rather than invest in paper.
And as the Middle Class in America continues to decline in the shadow of the central bank’s unprecedented increase in the nation’s money supply, a new study from the Pew Institute parallels the fall of the middle class since the year 1971, and in particular, when President Nixon took the U.S. off the gold standard.
For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues. And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one. And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.
For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues. And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one. And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.
For a number of months now we have talked about how the Fed will be unable to raise interest rates because they allowed their policy of ZIRP to remain too long in the financial spectrum. And in return, the central banks have been mulling over the introduction of NIRP, which would mean money would be so cheap they would actually pay people to borrow and spend.
But NIRP also has a downside, and an extension that savers under ZIRP have been experiencing for half a decade... the fact that those who keep money in banks will have to pay for not spending it.
Now many will ignore this potential reality of course, with some even believing that the banking system could not survive on this absurdity since it would eventually lead to people removing their money from banks, and into assets that could at least sustain their value. But on Oct. 18, this nightmare scenario became reality as the first of what are assuredly more to come U.S. banks are charging account holders and depositors to actually put money into their banks for savings or safe keeping.
U.S. banks are going to new lengths to ward off a surprising
threat to their financial health: big cash deposits.
State Street Corp., the Boston bank that manages assets for
institutional investors, for the first time has begun charging some customers
for large dollar deposits, people familiar with the matter said.
J.P. Morgan
Chase & Co., the nation’s largest bank by assets, has cut unwanted deposits
by more than $150 billion this year, in part by charging fees.
The developments underscore a deepening conflict over cash.
Many businesses have large sums on hand and opportunities to profitably invest
it appear scarce. But banks don’t want certain kinds of cash either, judging it
costly to keep, and some are imposing fees after jawboning customers to move
it.
The banks’ actions are driven by profit-crunching low
interest rates and regulations adopted since the financial crisis to gird banks
against funding disruptions.
The latest fees center on large sums deemed
risky by regulators, sometimes dubbed hot-money deposits thought likely to flee
during times of crises. Finalized last September and overseen by the Federal
Reserve and other regulators, the rule involving the liquidity coverage ratio
forces banks to hold high-quality liquid assets, such as central bank reserves
and government debt, to cover projected deposit losses over 30 days. Banks must
hold reserves of as much as 40% against certain corporate deposits and as much
as 100% against some deposits from hedge funds. - Wall Street Journal
The primary reason for this of course is that banks no longer need deposits to sustain themselves since they can borrow as much money as necessary from the Federal Reserve's discount window. Thus accounts like your checking, savings, and money markets are a liability to the banks, and cost them much more than they are worth.
Ergo the new policy of charging you to deposit money in their system.
So if the world is almost guaranteed to be headed towards Negative Interest Rates, and any money you keep within the banking system will be siphoned off through fees and of course the potential of bail-ins, what alternatives do you have to not only protect your current wealth, but be able to function in the banking system where no one can touch your money, and it can even be denominated in physical gold bullion?
How about through a Debit Mastercard that is backed completely by gold, and fungible in any currency and in any type of purchase everywhere in the world? That protection and functionality is part of the perks that comes with becoming an affiliate or customer with Karatbars.
Karatbars
Buying gold through Karatbars is one of the easiest things on
the net. In fact, the business model of Karatbars is to sell gold in
affordable quantities, such as 1, 2.5, and 5 gram increments, and allow
customers to get into the metal without having to shell out $1200+ for a single
ounce coin.
And as added perks to signing up with Karatbars, as a customer
or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority
of the banking system. From there, you can take your fiat currency in any
denomination... dollars, euros, yen, etc... and purchase physical gold which
can either be delivered directly to you, or stored for free at one of
Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to
Karatbars, or any metals dealer, and if with Karatbars it is then
exchanged for currency that is uploaded to you through a pre-loaded debit
Mastercard which is connected directly to your e-wallet. And as we know,
MasterCard is recognized in nearly every country around the world, and usable
in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate
program, where you can earn money off commissions from getting others to sign
up and become a customer or affiliate. Not only do you receive
commissions from their purchasing of physical gold, but you also earn
commissions from anyone who buys a commission package, with that money
going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold
savings simply by purchasing a commission affiliate package one time, and then
getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite
business with spending less than $400 of their own money? And there is
never a mandatory requirement to buy beyond what you desire, on your own
schedule. And there is nothing to lose, because you're using money (paper
dollars) to buy gold (physical money) and in the end you don't lose a thing.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system
that is expected to be backed by gold. And with banks, governments, and
even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by
the people to stave off collapse, will you wait until it is too late to make a
decision on how you will protect your wealth, and be able to function within the
coming new monetary system?
To learn more
about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.
