Is humanity approaching a major turning point? A computer model that was originally developed in 1973 by a group of scientists at MIT is warning that things are about to dramatically change. If the computer predictions are accurate, our standard of living will start to decline dramatically around the year 2020, and we will witness the “end of civilization” around the year 2040. Of course this is not the first time ominous predictions such as this have been made about our future. For years, experts have been warning that we are heading for severe shortages of water, food and oil as our limited natural resources begin to run out. For years, experts have been warning that our economic model is not sustainable and that we are heading for a historic collapse. For years, experts have been warning about the alarming increase in seismic activity all over the planet and about the proliferation of weapons of mass destruction. Society is crumbling all around us, and the elements for a “perfect storm” are definitely coming together.
So maybe this computer model is on to something.
The name of the computer program is “World One”, and it was originally created by Jay Forrester…
The prediction came from a programme nicknamed World One, which was developed by a team of MIT researchers and processed by Australia’s largest computer.
It was originally devised by computer pioneer Jay Forrester, after he was tasked by the Club of Rome to develop a model of global sustainability.
However, the shocking result of the computer calculations showed that the level of pollution and population would cause a global collapse by 2040.
The fact that the Club of Rome was behind Jay Forrester’s work is a major red flag, because David Rockefeller and other globalists founded the Club of Rome and it has always been used to further the globalist agenda.
Could it be possible that this computer model is a glimpse into the kind of future that the globalists believe is coming?
At this time the broadcasters addreses the audience: “At around 2020, the condition of the planet becomes highly critical.
“If we do nothing about it, the quality of life goes down to zero. Pollution becomes so seriously it will start to kill people, which in turn will cause the population to diminish, lower than it was in the 1900.
“At this stage, around 2040 to 2050, civilised life as we know it on this planet will cease to exist.”
The computer model appears to be primarily concerned with natural resources, pollution and population levels, but other factors should be considered as well.
In order to have “civilization”, people need to behave in a civilized manner, and we see more evidence that we are in an advanced state of social decay on a daily basis.
For example, one would think that priests would be some of the most well-behaved and “civilized” members of our society, but a new report about clergy child abuse in Pennsylvania is pulling back the curtain on incredible acts of darkness…
Horrific details have emerged about predatory behavior by priests, including those who made young boys rinse their mouths with holy water to ‘purify’ them after they were forced to give oral sex and one young boy made to pose naked as Jesus while other priests took pornographic pictures and shared them with other clergymen.
A bombshell report by a grand jury in Pennsylvania has extensively detailed for the first time how 300 priests sexually abused more than 1,000 children and how church leaders, some of whom are still alive, covered it up.
Remember, these 300 priests are just from one state. There are countless other incidents of abuse all over the country, and it is a crisis that appears to be escalating.
Earlier today, I came across a story about a 22-year-old man in Michigan that approached a group of young girls in a forceful manner, but fortunately they were able to fight him off…
Four Michigan girls successfully fought off a man who allegedly intended to kidnap and have sex with one of them by punching him and flinging hot coffee in his face.
Bruce Hipkins, 22, of Tuscola County, Michigan, was charged with kidnapping, unlawful imprisonment, assault and battery and criminal sexual conduct charges following the incident which occurred Friday night.
The thin veneer of civilization that we all take for granted on a daily basis is wearing very thin, and it is all that really separates us from societal collapse, chaos and anarchy.
Ultimately, a computer model from 1973 is probably not going to be the best guide, but I do agree that enormous societal changes are heading our way very rapidly. In fact, I wrote an entire novel about what America will start to look like as those societal changes begin to accelerate. I am more convinced than ever that America is heading for a “perfect storm” that will bring us to our knees, but most Americans appear to have bought into the fiction that everything is going to be okay somehow even though it is exceedingly clear that virtually nothing about our society is sustainable over an extended period of time. A day of reckoning is inevitably coming, and even a computer model from 1973 can see that.
For those of you that have stopped, it is time to start prepping again. A major international debt crisis has started, war almost erupted in the Middle East last week, and civil unrest is starting to erupt in major cities all across America.
I believe that we are going to witness bigger changes over the next two years than we have over the last ten years combined. The clock is ticking, and America’s date with destiny is fast approaching.
As always, let us hope for the best, but let us also get prepared for the worst.
Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? If you are like most Americans, you have not been. Most Americans don’t seem to really care too much about what is happening in the rest of the world, but they should. In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks. We are not at a “global crisis” stage yet, but things are getting worse with each passing day. For a while, I have felt that 2014 would turn out to be a major “turning point” for the global economy, and so far that is exactly what it is turning out to be. The following are 20 early warning signs that we are rapidly approaching a global economic meltdown…
#1 The looting, violence and economic chaos that is happening in Argentina right now is a perfect example of what can happen when you print too much money…
For Dominga Kanaza, it wasn’t just the soaring inflation or the weeklong blackouts or even the looting that frayed her nerves.
It was all of them combined.
At one point last month, the 37-year-old shop owner refused to open the metal shutters protecting her corner grocery in downtown Buenos Aires more than a few inches — just enough to sell soda to passersby on a sweltering summer day.
#3 Widespread shortages, looting and accelerating inflation are also causing huge problems in Venezuela…
Economic mismanagement in Venezuela has reached such a level that it risks inciting a violent popular reaction. Venezuela is experiencing declining export revenues, accelerating inflation and widespread shortages of basic consumer goods. At the same time, the Maduro administration has foreclosed peaceful options for Venezuelans to bring about a change in its current policies.
President Maduro, who came to power in a highly-contested election last April, has reacted to the economic crisis with interventionist and increasingly authoritarian measures. His recent orders to slash prices of goods sold in private businesses resulted in episodes of looting, which suggests a latent potential for violence. He has put the armed forces on the street to enforce his economic decrees, exposing them to popular discontent.
#4 In a stunning decision, the Venezuelan government has just announced that it has devalued the Bolivar by more than 40 percent.
#5 Brazilian stocks declined sharply on Thursday. There is a tremendous amount of concern that the economic meltdown that is happening in Argentina is going to spill over into Brazil.
A tense ceasefire was announced in Kiev on the fifth day of violence, with radical protesters and riot police holding their position. Opposition leaders are negotiating with the government, but doubts remain that they will be able to stop the rioters.
As China’s CNR reports, depositors in some of Yancheng City’s largest farmers’ co-operative mutual fund societies (“banks”) have been unable to withdraw “hundreds of millions” in deposits in the last few weeks. “Everyone wants to borrow and no one wants to save,” warned one ‘salesperson’, “and loan repayments are difficult to recover.” There is “no money” and the doors are locked.
Wall Street was rattled by a key reading on China’s manufacturing which dropped below the key 50 level in January, according to HSBC. A reading below 50 on the HSBC flash manufacturing PMI suggests economic contraction.
#10 Japanese stocks experienced their biggest drop in 7 months on Thursday.
#18 A recent CNBC article stated that U.S. consumers should expect a “tsunami” of store closings in the retail industry…
Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller stores.
On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It’s the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy’s.
Further signs of cuts in the industry came Wednesday, when Target said that it will eliminate 475 jobs worldwide, including some at its Minnesota headquarters, and not fill 700 empty positions.
#19 The U.S. Congress is facing another deadline to raise the debt ceiling in February.
#20 The Dow fell by more than 170 points on Thursday. It is becoming increasingly likely that “the peak of the market” is now in the rear view mirror.
In light of everything above, is there anyone out there that still wants to claim that “everything is going to be okay” for the global economy?
Sadly, most Americans are not even aware of most of these things.
All over the country today, the number one news headline is about Justin Bieber. The mainstream media is absolutely obsessed with celebrity scandals, and so is a very large percentage of the U.S. population.
A great economic storm is rapidly approaching, and most people don’t even seem to notice the storm clouds that are gathering on the horizon.
In the end, perhaps we will get what we deserve as a nation.
If the extreme drought in the western half of the country keeps going, the food supply problems that we are experiencing right now are only going to be the tip of the iceberg. As you will see below, the size of the U.S. cattle herd has dropped to a 61 year low, and organic food shortages are being reported all over the nation. Surprisingly cold weather and increasing demand for organic food have both been a factor, but the biggest threat to the U.S. food supply is the extraordinary drought which has had a relentless grip on the western half of the country. If you check out the U.S. Drought Monitor, you can see that drought conditions currently stretch from California all the way to the heart of Texas. In fact, the worst drought in the history of the state of California is happening right now. And considering the fact that the rest of the nation is extremely dependent on produce grown in California and cattle raised in the western half of the U.S., this should be of great concern to all of us.
Due to the tightness in supply and the increasing demand, prices for organic produce just continue to go up. Just consider the following example…
A quick check on the organic tree fruit market shows that the average price per carton for organic apples was $38 per carton in mid-January this year, up from an average of just $31 per carton last year at the same time. At least for apple marketers, the organic market is heating up.
Personally, I went to a local supermarket the other day and I started to reach for a package of organic strawberries but I stopped when I saw that they were priced at $6.99. I couldn’t justify paying 7 bucks for one package. I still remember getting them on sale for $2.99 last year.
Unfortunately, this may only be just the beginning of the price increases. California Governor Jerry Brown has just declared a water emergency, and reservoirs throughout the state have dropped to dangerously low levels.
Unless a miracle happens, there is simply not going to be enough water to go around for the entire agriculture industry. The following is an excerpt from an email from an industry insider that researcher Ray Gano recently shared on his website…
Harris farms has released a statement saying they will leave about 40,000 acres fallow this year because the FEDS have decided to only deliver 10% of the water allocation for 2014. Lettuce is predicted to reach around $5.00 a head (if you can find it). Understand the farmers in the Salinas valley are considering the same action. So much for salad this summer unless you grow it yourself.
The reason why the agriculture industry in California is so important is because it literally feeds the rest of the nation. I shared the following statistics yesterday, but they are so critical that they bear repeating. As you can see, without the fruits and vegetables that California grows, we would be in for a world of hurt…
The state produces 99 percent of the artichokes grown in the US, 44 percent of asparagus, a fifth of cabbage, two-thirds of carrots, half of bell peppers, 89 percent of cauliflower, 94 percent of broccoli, and 95 percent of celery. Leafy greens? California’s got the market cornered: 90 percent of the leaf lettuce we consume, along with and 83 percent of Romaine lettuce and 83 percent of fresh spinach, come from the big state on the left side of the map. Cali also cranks a third of total fresh tomatoes consumed in the U.S.—and 95 percent of ones destined for cans and other processing purposes.
As for fruit, I get that 86 percent of lemons and a quarter of oranges come from there; its sunny climate makes it perfect for citrus, and lemons store relatively well. Ninety percent of avocados? Fine. But 84 percent of peaches, 88 percent of fresh strawberries, and 97 percent of fresh plums?
Come on. Surely the other 49 states can do better.
Are you starting to understand how much trouble we could be in if this drought does not end?
About now I can hear some people out there saying that they will just eat meat because they don’t like vegetables anyway.
Well, unfortunately we are rapidly approaching a beef shortage as well.
On January 1st, the U.S. cattle herd hit a 61-year low of 89.3 million head of cattle.
The biggest reason for this is the 5 year drought that has absolutely crippled the cattle industry out west…
Back in the late fall 2013 there was a freak snowstorm that killed close to 300,000+ cattle. This is a major hit to the cattle market.
I know in Texas where they still have a 5 year drought they are dealing with, they are having to ship grass bails in from Colorado, Utah and other parts of the country just to feed the cattle. Ranchers are sending their female cattle to the slaughter houses becasue they can not afford to feed them anymore. It is the females that help re-stock the herd. SO if you are slaughtering your females, your herd does not grow. It is expected that the US will not see cattle herd growth returning until 2017, maybe even later.
This is a problem which is not going away any time soon.
According to the Washington Post, the U.S. cattle herd has gotten smaller for six years in a row, and the amount of beef produced is expected to drop to a 20 year low in 2014…
The U.S. cattle herd contracted for six straight years to the smallest since 1952, government data show. A record drought in 2011 destroyed pastures in Texas, the top producing state, followed the next year by a surge in feed-grain prices during the worst Midwest dry spell since the 1930s. Fewer cattle will mean production in the $85 billion beef industry drops to a 20- year low in 2014, the U.S. Department of Agriculture said.
It would be hard to overstate how devastating this ongoing drought has been for many ranchers out west. For example, one 64-year-old rancher who lives in Texas says that his herd is 90 percent smaller than it was back in 2005 because of the drought…
Texas rancher Looney, who is 64 and has been in the cattle business his whole life, said his herd is still about 90 percent below its size from 2005 because of the prolonged dry weather. It will take years for the pastures to come back, even if there is normal rainfall, he said. About 44 percent of Texas was in still in drought in the week ended Jan. 7, according to the U.S. Drought Monitor.
And it isn’t just the U.S. that is dealing with this kind of drought. The largest freshwater lake in China that was once about twice the size of London, England has almost entirely dried up because of the ongoing drought over there.
Meanwhile, global demand for food just continues to rise.
If this drought ends and the western half of the nation starts getting lots of rain, this could just be a temporary crisis.
However, the truth is that scientific research has shown that the 20th century was the wettest century in the western half of the country in 1000 years, and that we should expect things to return to “normal” at some point.
So is that happening now?
Over the past couple of years, I have warned that Dust Bowl conditions are starting to return to the western half of the United States. Just see this article, this article and this article.
Now the state of California is experiencing the worst drought that it has ever gone through and “apocalyptic” dust storms are being reported in Colorado and Nevada.
Just because things seem like they have always been a certain way does not mean that they will always stay that way.
Things out west are rapidly changing, and in the end it is going to affect the lives of every man, woman and child in the United States.
All over the United States we are witnessing unprecedented shortages of ammunition, physical gold and physical silver. Recent events have helped fuel a “buying frenzy” that threatens to spiral out of control. Gun shops all over the nation are reporting that they have never seen it this bad, and in many cases any ammo that they are able to get is being sold even before it hits the shelves. The ammo shortage has already become so severe that police departments all over America are saying that they are being told that it is going to take six months to a year to get their orders. In fact, many police departments have begun to trade and barter with one another to get the ammo that they need. Meanwhile, the takedown of paper gold and paper silver has unleashed an avalanche of “panic buying” of physical gold and physical silver all over the planet. In the United States, some dealers are charging premiums of more than 25 percent over the spot price for gold and silver and they are getting it. People are paying these prices even though they are being told that delivery will not happen for a month or two in many cases. Some dealers are feverishly taking as many orders as they can, and they are just hoping that they will be able to get the physical gold and silver to eventually fill those orders. Personally, I have never seen anything like this. If things are this tight now, what is going to happen when the next major financial crisis strikes and people really begin to panic?
The shortages and rationing of ammunition at gun shops all over America just seem to keep getting worse. The following is from an article by a gun owner down in Texas named Brad Meyer…
If you’d like to see a normally sullen sales clerk chortle with derisive pleasure, just walk into just about any gun range, sporting goods store or mass merchandiser and try and buy a couple boxes of .22 ammunition.
Gun enthusiasts are up in arms about a nationwide shortage of ammunition. Handgun ammo in general is particularly difficult to find – and when you do find it, there are restrictions on the amount you can buy and how much you’re going to be paying for it.
While the list of hard to find ammo is long, .22 long rifle and 9mm handgun ammunition are particularly difficult to find in quantity. And the few places that have it are charging a premium rate and usually limiting purchases to one box, per person, per day.
Many gun owners try to find ammunition by going on the Internet, but things have gotten so tight that now any ammo that becomes available online is often gone within seconds…
There are websites where people across the country post links to where ammunition is available – and it sells out within seconds. Not minutes or hours – seconds.
Unfortunately, all of this demand is also driving up prices. Just check out what Meyer says is happening to the price of standard .22 ammo…
The demand is driving up the cost of ammunition. Six months ago, standard .22 ammo – the most common type of bullet produced in the world – could be had in bulk for around five cents apiece. It is now going for 50 cents or more on some websites – and people are paying it.
But this shortage is not just affecting private citizens. According to Newmax, police departments all over the nation are dealing with ammo shortages unlike anything that they have ever seen before…
Sheriff Anthony DeMeo of Nye County, Nev., was told his department’s regular order of 50,000 rounds could take up to a year to arrive.
“This is the first time ever I’ve heard that there’s a problem with a law-enforcement agency getting ammo for their agency,” DeMeo told The Las Vegas Sun.
These departments are not alone. Law enforcement agencies in Oklahoma, Wisconsin, Arizona, and Georgia are among many that are having to limit how much they give their officers due to the shortage.
Could you imagine waiting for “up to a year” to get more ammunition?
A recent article posted on CNSNews.com had some more examples of police departments that are reporting that there is a massive wait to get more ammo…
Chief Pryor of Rollingwood, Texas says of the shortage:
“We started making phone calls and realized there is a waiting list up to a year. We have to limit the amount of times we go and train because we want to keep an adequate stock.”
“Nobody can get us ammunition at this point,” says Sgt. Jason LaCross of the Bozeman, Montana police department.
LaCross says that manufacturers are so far behind that they won’t even give him a quote for an order.
“We have no estimated time on when it will even be available,” LaCross says.
This is insane.
What in the world could be causing such an ammo crunch?
Well, certainly the demand for guns and ammo has been trending up in recent years – especially since Barack Obama was elected.
But that doesn’t fully account for the shortages that we are witnessing at the moment.
So what is going on?
Well, some people believe that the federal government is responsible. It has been reported that they have signed contracts to purchase “up to” 1.6 billion rounds of ammunition. According to Forbes, this amount of ammunition would be enough to fight a “hot war” in America for 20 years…
The Denver Post, on February 15th, ran an Associated Press article entitled Homeland Security aims to buy 1.6b rounds of ammo, so far to little notice. It confirmed that the Department of Homeland Security has issued an open purchase order for 1.6 billion rounds of ammunition. As reported elsewhere, some of this purchase order is for hollow-point rounds, forbidden by international law for use in war, along with a frightening amount specialized for snipers. Also reported elsewhere, at the height of the Iraq War the Army was expending less than 6 million rounds a month. Therefore 1.6 billion rounds would be enough to sustain a hot war for 20+ years. In America.
Could this be a way that the Obama administration is trying to restrict the amount of ammo that gets into the hands of private citizens?
What Homeland Security is doing here is they’re issuing a contract to buy up to that amount of ammo if they want it…
It’s a way to control the amount of market that’s available on the commercial market at any time.
If they go to the ammo manufacturers and say give me 50 million rounds, give me another 30 million rounds… if they periodically do this in increments, they’re going to control how much ammo is available on the commercial market.
As part of their contract it stipulates in there that when the government calls and says give us another quantity, that everything they make has to go to the government priority one before any of it goes to the commercial market.
So, if they get nervous, all they have to do is use that contract that they have in place… and they just say ‘give us some more.’
So whenever the government wants to tighten the supply of ammunition, all they have to do is invoke their contracts and order more for themselves.
Meanwhile, Obama appears to be doing other things to restrict the amount of ammo that gets into the hands of private gun owners.
For example, there are reports that the Obama administration plans to use executive orders to greatly restrict the importation of ammo from overseas.
So if anything, the shortage of ammunition is only going to get worse, not better.
Meanwhile, the “panic buying” of physical gold and physical silver that we have seen lately has really run down inventories.
According to Reuters, demand has become so intense that the U.S. Mint has suspended sales of gold coins for the first time since 2009…
The U.S. Mint said it has suspended sales of its one-tenth ounce American Eagle gold bullion coins as surging demand after bullion’s plunge to two-year lows depleted the government’s inventory. This marks the first time it has stopped selling gold product since November 2009, dealers said.
At the same time, precious metals dealers all over the country are scrambling to meet the voracious demand that they have been seeing this month. The following is an excerpt from a letter that the CEO of Texas Precious Metals recently sent out to his customers…
The physical silver market is, in a word, ugly. There is no telling at this point when mint inventories will return to normal, but you can be sure it will not happen within the next 8 weeks. Most dealers, at this point, are selling their current customer demand forward, meaning they are selling product they do not presently have, expecting to pull from future mint allocations. Consequently, future allocations will face pressure from today’s demand. It is not my intent here to comment on the business practices of other companies, but I will say that no one can possibly predict future allocations at the time. The US mint, for example, releases its allocations weekly, and until then, dealers have no insight into allocation levels. Last week, we turned away business in excess of 100,000 ozs of silver because of stock depletion. However, we stand by the notion that it is better to lose a sale than lose a customer by delaying delivery two months (or more).
A similar thing is happening over in Asia. According to the Financial Times, soaring demand has caused a shortage of gold at the Hong Kong Gold & Silver Exchange Society…
Haywood Cheung, president of the Hong Kong Gold & Silver Exchange Society, said the exchange had effectively run out of most of its holdings as members looked to meet a shortfall in supply amid rampant retail demand for gold products.
“In terms of volume, I haven’t seen this gold rush for over 20 years,” he told the Financial Times on Monday, adding that the exchange only had around twenty 1kg bars, and 100 five-tael bars left in its inventory. “Older members who have been in the business for 50 years haven’t seen such a thing.”
But most disturbing of all is what Jim Sinclair told King World News recently. Apparently his friend went to get his gold out of a Swiss bank the other day and they refused to give it to him…
A person that I know with significant deposits in one of the primary Swiss banks, in allocated gold, wanted to take out his gold and was just refused on the basis of directives from the central bank….
They told him the amount was in excess of 200,000 Swiss francs and the central bank had instructed them not to do it because it has to do with anti-terrorism and anti-money laundering precautions.
I really wonder whether those are precautions or whether the gold simply isn’t there. Now you tell me that a London delivery has basically failed. It has to raise our suspicions that the lack of physical gold behind the paper gold is literally so severe that we are coming to understand that it is in fact not there.
The gold that people think is stored is not stored, and the inventory of the warehouses for exchanges may not be holding deliverable gold. There has always been speculation about whether or not the physical gold the US claims to store is in fact in those vaults.
The greatest train robbery in history might be all of the gold, and it would only be something like we have described above that would happen right before gold makes historic highs.
There simply is no gold behind the paper. One example is AMRO, a second is your example with Maguire, and a third is my dear friend who was refused his gold on the basis that its value was too high. Remember this friend of mine had his gold in an allocated account in storage at a major Swiss bank. I repeat, there is no gold.
So are we going to see more of this?
Will it soon become evident that there is simply not enough physical gold to cover all of the promises that the banks have made?
Jim Sinclair sure seems to think so.
In another interview, John Embry expressed similar sentiments to King World News…
This gets back to the tip of the iceberg when the Dutch Bank ABN AMRO came out and literally said that if you have allocated gold with us, you can’t have it.
That, to me, is a default, and it gets back to what Jim Sinclair related when one of his friends went to a Swiss bank and couldn’t get his allocated gold. I mean that’s preposterous. If it’s allocated it should be there, but it’s clearly not there. I think this is the beginning of the end of the massive Ponzi scheme in paper gold. I have been talking about this for some time, and it will have an enormous impact on future gold and silver prices.
When it becomes widely known that all of the people who think they own gold in fact don’t own gold, that it’s been hypothecated and re-hypothecated so many times that there are 100 claims for every single ounce of physical gold, that is when the prices of gold and silver will really go berserk to the upside, and at that point the shorts will have serious problems.”
All of this is just another example why I encourage people to get prepared while times are still relatively good.
Once disaster strikes, it may be too late to get the things that you need.
Right now there are a whole lot of people out there wishing that they had stocked up on ammo when it was much cheaper and much more readily available.
We are moving into a time when everything that can be shaken will be shaken. Use the stability provided by the false bubble of economic hope that we are experiencing right now as an opportunity to get prepared. The next major wave of the economic collapse is rapidly approaching and time is running out.
The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver. All over the planet, people are recognizing that this is a unique opportunity to be able to acquire large amounts of gold and silver at a bargain price. So precious metals dealers now find themselves being overwhelmed with orders in the United States, in Canada, in Europe and over in Asia. Will this massive run on physical gold and silver soon lead to widespread shortages of those metals? Instead of frightening people away from gold and silver, the takedown of paper gold seems to have had just the opposite effect. People just can’t seem to get enough physical gold and silver right now. Those that wish that they had gotten into gold when it was less than $1400 an ounce are able to do so now, and it is absolutely insane that silver is sitting at about $23 an ounce. If the big banks continue to play games with the price of gold, we are going to see existing supplies of physical gold and silver dry up very quickly. And once reports of physical shortages of gold and silver become widespread, it is going to absolutely rock the financial world. But this is what happens when you manipulate free markets – it often has unintended consequences far beyond anything that you ever imagined.
The following are 10 signs that the takedown of paper gold has unleashed an unprecedented global run on physical gold and silver…
#1 According to Zero Hedge, the U.S. Mint set a new all-time record for the number of gold ounces sold on Wednesday…
According to today’s data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces or more than the previous two months combined with just half of the month gone.
#2 Precious metals dealers all over the United States are having a really hard time keeping up with demand right now. According to Chris Martenson, many are warning customers to expect waiting times of five to six weeks at this point…
In the U.S., all of the dealers I talk to are reporting huge demand and brisk buying. Silver in any form is quite hard to come by unless you want to pay premiums of 20%+ per ounce above spot price. Delivery times are 5 to 6 weeks out now – that’s an unusual situation. If this recent slam was designed to scare people away from gold, it did not have that desired outcome; in fact, just the opposite.
#3 Individual dealers all over the country are confirming that we are seeing a voracious appetite for precious metals at the moment. For example, the following is what a spokesperson for JM Bullion had to say…
We still have certain things in stock, like 10 oz bars, while others, like Silver Eagles, are a bit of revolving inventory.
The shipments are going out as soon as inventory comes in.
Our main challenge right now is actually getting the silver into the boxes and shipped out – we have been experiencing astounding volume.
“There has been a marked increase in demand since the plunge,” said Mark O’Byrne, executive director at Dublin-based investment and bullion specialist GoldCore, referring to the drop in gold prices seen Friday and Monday. Gold futures lost more than $200 an ounce, or over 13%, on those two days. They were at $1,392 an ounce, moving higher ahead of the close on Thursday.
GoldCore has seen more buying than selling on Wednesday and Thursday, with buy orders “lumpier and from high net worth clients, and with most of the selling in small orders of less than 50 ounces, said O’Byrne.
On Wednesday, David Beahm, executive vice president at Blanchard & Co., said his precious-metals investment firm has seen “2008-like demand” for gold since Monday.
#4 Large international banks are also experiencing tremendous demand for physical gold and silver by customers right now. The following is what Keith Barron told King World News about what he is hearing…
At the Bank of Nova Scotia in Toronto the gold window has been absolutely swamped. I have confirmed there were people lined up in droves recently for multiple-hours at a time to buy gold and silver bars and coins….
I then confirmed with UBS today in Zurich, Switzerland, that they are experiencing exactly the same thing. They told me people are waiting in long lines for bullion related bars and coins. The physical market is incredibly tight, and there is a huge buying opportunity right here.
The damage in gold will not be long-term because physical supply is already drying up. Asian countries have been aggressively buying gold. This really is an unprecedented opportunity for investors. This takedown in the metals has created incredible demand for both gold and silver, and anyone who wants to unload dollars or euros and put them into gold because they don’t trust the currency, now is the time to do it.
#5 The demand for physical gold and silver is heating up over in Europe as well. For example, the following is from an emergency message posted on the website of a precious metals dealer in the UK…
Due to the unprecedented demand triggered by the recent fall in the Gold Price we are currently not able to guarantee Next Day Delivery of orders.
We anticipate that all orders will be delivered within 7 days of receipt by us.
Whilst we appreciate that these delays are frustrating for our customers we would like to stress that all accepted orders are guaranteed at the order price and will be dispatched as soon as possible.
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#6 On the other side of the globe, demand for precious metals is skyrocketing as well. According to Bloomberg, people are “running through the gate” to get gold in Australia…
Gold sales from Australia’s Perth Mint, which refines nearly all of the nation’s bullion, surged after prices plunged, adding to signs that the metal’s slump to a two-year low is spurring increased demand.
“The volume of business that we’re putting through is way in excess of double what we did last week,” Treasurer Nigel Moffatt said by phone, without giving precise figures. “There’s been people running through the gate.”
#7Reuters is reporting that customers are waiting for up to three hours to buy gold in Japan…
A week ago, as the yen-denominated price neared a new peak, jewelry stores and gold merchants across Japan saw long lines of mostly older Japanese looking to cash in on unwanted jewelry and other items that they had held for years.
But on Tuesday, buyers outnumbered sellers by a wide margin. At Ginza Tanaka, the headquarters shop of Tanaka Holdings, gold buyers waited for as long as three hours for a chance to complete a transaction.
#8 According to a Chinese article quoted by the Blaze, there is a mad rush to buy gold in China right now…
People have to rush to buy gold … gold bullion out of stock yesterday, investors yesterday to spend as much as 600 million yuan to buy 20 kilograms of gold bars
The mad pursuit gold insufficiency is not just a game for the rich. Yesterday, the Yangcheng Evening News reporter learned from the East flowers to Bay store, many growers, pork traffickers, fishmonger recently put down his job went straight to the mall to buy gold.
#9 According to Reuters, dealers in Singapore are having significant trouble finding enough of a supply to keep up with the intense demand for gold that has erupted this week…
“People are actually buying everything, gold bars, gold coins. People are rushing to get a hand on it. We have a problem meeting the demand because we are unable to get new supply,” said Brian Lan, managing director of GoldSilver Central Pte Ltd in Singapore.
#10Bloomberg is reporting that over in India people are “flocking to stores” to purchase gold jewelry and coins…
Gold buyers in India, the world’s biggest consumer, are flocking to stores to buy jewelry and coins, betting a selloff that plunged bullion to a two-year low may be overdone.
“My daughter is just six months old, but I think it is never too early to buy gold,” said Sharmila Shirodkar, a 28- year-old housewife, while displaying a new pair of earrings she bought from a store in Mumbai’s Zaveri Bazaar. “I had been asking my husband every day if prices will go down more. I couldn’t wait anymore.”
If the big banks were trying to scare people away from gold and silver by crashing paper prices for those metals then they have utterly failed.
Instead of being frightened away, the global appetite for physical gold and silver is now more voracious than ever.
If the prices for gold and silver stay this low, we are eventually going to start seeing some very serious shortages in the marketplace.
And once reports of shortages of the actual physical metals become widely circulated, it will cause an “adjustment” in the marketplace that will shock everyone.
So hold on to your hats. We are entering a period of time when there will be unprecedented volatility for the prices of precious metals. It will be quite a roller coaster ride, but if you can handle the ups and downs it will be worth it in the end.
When the economy of a nation collapses, almost everything changes. Unfortunately, most people have never been through anything like that, so it can be difficult to know how to prepare. For those that are busy preparing for the coming global financial collapse, there is a lot to be learned from the economic depression that is happening right now in Greece. Essentially, what Greece is experiencing is a low level economic collapse. Unemployment is absolutely rampant and poverty is rapidly spreading, but the good news for Greece is that the global financial system is still operating somewhat normally and they are getting some financial assistance from the outside. Things in Greece could be a whole lot worse, and they will probably get a whole lot worse before it is all said and done. But already things have gotten bad enough in Greece that it gives us an idea of what a full-blown economic collapse in the 21st century may look like. There are reports of food and medicine shortages in Greece, crime and suicides are on the rise and people have been rapidly pulling their money out of the banks. Hopefully this article will give you some ideas that you can use as you prepare for the economic chaos that will soon be unfolding all over the globe.
The following are 10 things that we can learn about shortages and preparation from the economic collapse in Greece….
#1 Food Shortages Can Actually Happen
Most people assume that they will always be able to run out to their local supermarket or to Wal-Mart and get all of the supplies they need.
Unfortunately, that is a false assumption. The truth is that our food distribution system is extremely vulnerable.
In Greece, many people are starting to totally run out of food. Even some government institutions (such as prisons) are now reporting food shortages. The following was originally from a Greek news source….
The financing for many prisons has decreased to a minimum for some months now, resulting in hundreds of detainees being malnourished and surviving on the charity of local communities.
The latest example is the prison in Corinth where after the supply stoppage from the nearby military camp, the prisoners are at the mercy of God because, as reported by prison staff, not even one grain of rice has been left in their warehouses. When a few days earlier the commander of the camp announced to the prison management the transportation stoppage, citing lack of food supplies even for the soldiers, he shut down the last source of supply for 84 prisoners. The response of some Corinth citizens was immediate as they took it upon themselves to support the prisoners, since all protests to the Justice ministry were fruitless.
#2 Medicine Is One Of The First Things That Becomes Scarce During An Economic Collapse
If you are dependent on medicine in order to survive, you might want to figure out how you are going to get by if your supply of medicine is totally cut off someday.
In Greece, medicine shortages have become a massive problem. The following is from a recent Bloomberg article….
Mina Mavrou, who runs a pharmacy in a middle-class Athens suburb, spends hours each day pleading with drugmakers, wholesalers and colleagues to hunt down medicines for clients. Life-saving drugs such as Sanofi (SAN)’s blood-thinner Clexane and GlaxoSmithKline Plc (GSK)’s asthma inhaler Flixotide often appear as lines of crimson data on pharmacists’ computer screens, meaning the products aren’t in stock or that pharmacists can’t order as many units as they need.
“When we see red, we want to cry,” Mavrou said. “The situation is worsening day by day.”
The 12,000 pharmacies that dot almost every street corner in Greek cities are the damaged capillaries of a complex system for getting treatment to patients. The Panhellenic Association of Pharmacists reports shortages of almost half the country’s 500 most-used medicines. Even when drugs are available, pharmacists often must foot the bill up front, or patients simply do without.
#3 When An Economy Collapses, So Might The Power Grid
Try this some time – turn off all power to your home for 24 hours and try to live normally.
Sadly, most people simply do not understand just how dependent we are on the power grid. Without power, all of our lives would change dramatically.
In Greece, authorities are warning of an impending “collapse” of the power grid. If it goes down for an extended period of time in Greece, the consequences would be catastrophic….
Greece’s power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country’s electricity and natural gas system.
“RAE is taking crisis initiatives throughout next week to avert the collapse of the natural gas and electricity system,” the regulator’s chief Nikos Vasilakos told Reuters.
RAE took the decision after receiving a letter from Greece’s natural gas company DEPA, which threatened to cut supplies to electricity producers if they failed to settle their arrears with the company.
#4 During An Economic Collapse You Cannot Even Take Water For Granted
If the power grid goes down, you will soon no longer have clean water coming out of your faucets. That is one of the reasons why it is absolutely imperative that the power grid stay operable in Greece.
Sadly, most people don’t understand just how vulnerable our water system is. In a previous article, I quoted from a report that discussed how rapidly our water supply would be in jeopardy in the event of a major transportation disruption….
According to the American Water Works Association, Americans drink more than one billion glasses of tap water per day. For safety and security reasons, most water supply plants maintain a larger inventory of supplies than the typical business. However, the amount of chemical storage varies significantly and is site specific. According to the Chlorine Institute, most water treatment facilities receive chlorine in cylinders (150 pounds and one ton cylinders) that are delivered by motor carriers. On average, trucks deliver purification chemicals to water supply plants every seven to 14 days. Without these chemicals, water cannot be purified and made safe for drinking. Without truck deliveries of purification chemicals, water supply plants will run out of drinkable water in 14 to 28 days. Once the water supply is drained, water will be deemed safe for drinking only when boiled. Lack of clean drinking water will lead to increased gastrointestinal and other illnesses, further taxing an already weakened healthcare system.
What will you do when clean water stops coming out of your faucets?
You might want to start thinking about that.
#5 During An Economic Crisis Your Credit Cards And Debit Cards May Stop Working
Most people have become very accustomed to using either debit cards or credit cards for almost everything.
But what would happen if the financial system locked up for a period of time and you were not able to use them?
This is something that the citizens of Greece are potentially facing in the coming months, and this is something that all of us need to start thinking about.
#6 Crime, Rioting And Looting Become Commonplace During An Economic Collapse
Big corporations are already making extensive plans for how to protect their stores in the event that Greece switches from the euro to the drachma.
Everywhere you look today the mainstream news is talking about shortages. Authorities all over the globe are boldly proclaiming that the world is rapidly running out of food, water and oil. So are these doomsayers right? Well, it must be noted that some of the most famous “prophets of doom” of the past several decades have seen their predictions fail spectacularly. For example, in his infamous 1968 book entitled “The Population Bomb“, Paul Ehrlich made the following statement: “I don’t see how India could possibly feed two hundred million more people by 1980.” Well, India is now feeding well over twice the number of people than they had when Ehrlich originally wrote his book. But that doesn’t mean that major shortages won’t happen in the future. It just means that we should be careful not to look incredibly ridiculous like Ehrlich did. The truth is that there are good reasons why we should be watching global supplies of food, water and oil very closely. Life as we know it would cease to exist if we had severe shortages of any of them.
So will we actually be facing serious shortages of food, water or oil in the coming years?
Well, let’s take a look at oil first.
Right now oil is absolutely essential to almost everything that we do. We require oil to drive our cars, we require oil to produce our food, a large percentage of our homes use energy that is derived from oil and most of what we buy at the stores comes in packaging that is made up at least partly of oil.
So if we run out of oil that is going to be a really huge deal.
So are we going to run out of oil?
Well, right now advocates of the “peak oil” hypothesis are getting a lot of attention in the mainstream media.
Basically the idea behind “peak oil” is that the world has reached (or almost reached) the maximum amount of oil that it can produce and that from here on out the amount of oil that will be produced will begin to decline. Meanwhile, the demand for oil is only going to continue to increase.
So is there evidence that this is actually happening?
Well, it depends on who you ask. But what is undeniable is that there are some very powerful interests that are doing their best to hype a coming oil shortage.
In recently released report entitled “Signals & Signposts“, Shell Oil warns that global demand for energy is going to be three times as large in 2050 as it was in 2000.
So where will all of that extra energy come from?
Can the world possibly produce two or three times as much oil as it does today?
The Shell Oil report forecasts that the global supply of oil will continue to rise but that the rise in supply will not be fast enough to keep up with the rise in demand. According to Shell, this is going to cause rapidly rising oil prices which will cause the gross domestic products of all nations to fall.
So just how high could oil prices go?
Well, the truth is that the price of oil is very highly manipulated. The market for oil is not exactly what you would call a “free market”.
However, it is alarming that almost everyone is forecasting much higher oil prices at this point.
For example, Weeden & Co. oil analyst Charles Maxwell recently stated that he believes that the price of oil will eventually hit $300 a barrel by the end of this decade.
If that were to happen, it would be absolutely disastrous for the global economy. Yeah, those in the oil industry would make a killing, but for the rest of the world it would be a complete and utter nightmare.
Unfortunately, what most Americans don’t understand is that there are lots of alternative energy technologies out there that have been repressed by the big oil companies and by the big oil producing nations because they threaten hundreds of billions of dollars in profits.
For example, did you know that it is possible to run a car entirely on water? One Japanese company hopes to start mass marketing them….
But I wouldn’t count on seeing water-powered cars sold on every street corner any time soon.
Because of greed.
Our entire system of energy is based on making as much money as possible for those who have all the oil.
So if the world has a shortage of energy in the coming years, it is not because that is how it inevitably had to be.
Rather, it will be all about pure, unadulterated greed.
There are plenty of alternative energy technologies out there that are incredibly promising, but those that are getting incredibly wealthy off of our oil-based society are not going to quietly step aside for the good of mankind.
So what about food?
Is the world running out of food?
Well, as we have seen so many times in the past, the earth can support far more people than most of the “experts” ever imagined.
In fact, if weather patterns were perfectly stable and we removed human greed out of the picture, the earth could most likely support a whole lot more people.
Unfortunately, weather patterns are becoming increasingly bizarre and human greed is always a problem.
In particular, this year extreme weather all over the globe is causing many to be concerned that we may soon see some very serious food shortages. In Australia and Brazil, flooding of Biblical proportions has absolutely devastated crops. Some of China’s most important agricultural areas are experiencing the worst droughts that they have seen in 200 years. Authorities are warning that two-thirds of China’s wheat crop could be in danger. A recent cold snap that hit northern Mexico wiped out entire harvests and has sent prices for many fresh produce items in the United States soaring.
But these bizarre weather patterns will hopefully settle down eventually.
What is of even greater concern is that we have been seeing a long-term trend of rapidly rising food prices over the last couple of years that is putting an extreme amount of strain on the 3 billion people in the world that are trying to survive on the equivalent of 2 dollars or less per day.
Most Americans can still handle rising food prices, but for millions upon millions of poor people all over the world a significant increase in the cost of food can mean the difference between life and death.
That is why the sudden rise in price of so many agricultural commodities is so disturbing. Just consider some of the shocking price increases that we have seen over the past year or two….
*But there are few places where the water shortage is as severe as it is in the Middle East. Saudi Arabia had been producing enough wheat to be self-sufficient for most of the past 30 years, but in 2008 authorities there realized that the non-replenishable aquifer they had been pumping for irrigation purposes was nearly depleted. So in response Saudi Arabia made the decision to reduce their wheat harvest by one-eighth every year thereafter. Wheat production in Saudi Arabia is scheduled to cease entirely in 2016.
In some of the most populated areas of the planet the water situation can only be described as catastrophic.
For example, did you know that a new desert the size of Rhode Island is created in China because of drought every single year?
Did you know that in China 80% of the major rivers are so polluted that they don’t support aquatic life at all?
Did you know that the women of South Africa collectively walk the equivalent distance to the moon and back 16 times a day for water?
Thankfully the water situation in the United States has not gotten that bad yet, but the truth is that even we could be facing serious water shortages in the years ahead.
According to a recent report released by the Natural Resources Defense Council, more than one-third of all counties in the lower 48 states will likely be facing very serious water shortages by the year 2050.
So, yes, there are some really good reasons to be concerned about earth’s dwindling resources.
If the global elite were not so incredibly greedy and if we managed our planet better we would not have problems to this degree.
But here we are.
So what is the solution?
Well, it would be really great if the global elite would just share some of their wealth. A study by the World Institute for Development Economics Research discovered that the bottom half of the world population owns approximately 1 percent of all global wealth.
But the global elite aren’t about to change the rules of the global economy. After all, they spent a whole lot of time and effort rigging the game so that virtually all wealth eventually gets funneled into their hands.
After all, they argue, if there are half as many people around then we will only be using half as many resources, right?
Well, as alluring as that may sound, the truth is that the world has always had a huge problem with poverty. Even when the global population was down around 100 million people there was rampant poverty.
The number of people is not the problem.
The problem is the insatiable greed of the elite.
The global elite have systematically exploited the poor all over the planet, they have gobbled up the resources of the world wherever they have found them and now they are hoarding their wealth as millions upon millions suffer desperately.
Well, in the end the global elite will have to answer to a higher power. In the book of James it talks about those who hoard wealth on this earth….
Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workers who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty.
According to the most recent “Global Wealth Report” by Credit Suisse, the wealthiest 0.5% control over 35% of the wealth of the world.
That qualifies as hoarding wealth.
Other estimates put the concentration of wealth at the very top of the food chain much higher than that.
But sadly, the problem of greed is not going to be solved any time soon.
Global supplies of food and fresh water are going to continue to diminish.
The world economy is going to continue to become increasingly unstable.
If it was always your desire to live in “interesting times”, then you are about to get your wish. Things are about to get extremely “interesting” on this planet.
So what do you think? Do you believe that the world will be facing shortages of food, water and oil in the years ahead? Feel free to leave a comment with your opinion below….