10 Signs The Takedown Of Paper Gold Has Unleashed An Unprecedented Global Run On Physical Gold And Silver

A Global Run On Physical Gold And Silver Has BegunThe 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.

This appears to be a widespread phenomenon.  Just check out what other dealers are reporting

“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.

It is necessary for all of our staff to be utilised in fulfilling orders and we ask for your cooperation by not calling us to query delivery times. If you do need to contact us, please do so by e-mail and we will endeavour to respond within 48hrs.

#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.”

#7 Reuters 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.

#10 Bloomberg 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.

They Have Unleashed A Frenzy To Get Gold And Silver

10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In Greece

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.

The following is from a recent Reuters article….

British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riot.

The planning, says Dixons chief Sebastian James, may look alarmist but it’s good to be prepared.

Company bosses around Europe agree. As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.

#7 During A Financial Meltdown Many Average Citizens Will Start Bartering

During this economic depression, alternative currencies have already been popping up in Greece.

When things fall apart on a global scale, will you have things to barter for the things that you need?

#8 Suicides Spike During An Economic Collapse

When you think of the Great Depression of the 1930s, what do you think of?

Many people think of images of people jumping out of buildings.

Well, something similar has been happening in Greece.  Suicide statistics in Greece have been absolutely soaring during the last couple of years.

Once prosperity disappears, many people feel as though life is not worth living anymore.

#9 Your Currency May Rapidly Lose Value During An Economic Crisis

Just remember what happened in Germany during the Weimar Republic and what has happened recently in places like Zimbabwe.

The truth is that it can happen anywhere.

Right now, Greeks are pulling their money out of the banks because they are worried that their euros will be turned into drachmas which would rapidly lose value.

If I was living in Greece I would definitely be concerned about that.  The return of the drachma seems to get closer with each passing day.  Just check out these screenshots.

#10 When Things Hit The Fan The Government Will Not Save You

Has the government of Greece come to the rescue of all of those that are deeply suffering right now?

Of course not.  The truth is that the Greek government can barely take care of itself at the moment.

History has shown us that governments simply cannot be counted on when things hit the fan.

Just remember what happened during the aftermath of Hurricane Katrina.

In the end, the only one that can be counted on to take care of you and your family is you.

So you better start preparing.

Unfortunately, as I wrote about the other day, time is rapidly running out for the global financial system.

Even some of the top economic officials in the world are warning that another major crisis could be on the way.

Just check out what World Bank President Robert Zoellick said the other day….

“Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008.”

He also compared a potential exit of Greece from the eurozone to the collapse of Lehman Brothers back during the last financial crisis….

“If Greece leaves the eurozone, the contagion is impossible to predict, just as Lehman had unexpected consequences.”

So what are some things that the average person can do to get prepared?

Well, a recent article on SHTFplan.com entitled “The List: A to Z Survival for the Abysmal Times Ahead” contains hundreds of ideas for preparing for the chaotic economic environment that we are heading into.

Preparation is going to look different for every family.  No two situations are exactly the same.

But there are some practical steps that nearly all of us can take to better position ourselves for what is coming.  Now is the time to get educated and now is the time to take action.

Or you could be like all of those that laughed at Noah while he was building that big boat.

In the end, things did not work out too well for those folks.


Shortages! Is The World Really Running Out Of Food, Water And Oil?

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.

Oil Shortage?

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.

Why?

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.

Food Shortage?

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….

*The price of corn has doubled over the last six months and recently hit a new all-time high.

*The price of wheat has more than doubled over the past year and hit a 30-month high on Monday.

*The price of soybeans is up about 50% since last June.

*The price of cotton has more than doubled over the past year.

*The commodity price of orange juice has doubled since 2009.

*The price of sugar is the highest it has been in 30 years.

If prices continue to go up like this we are going to see a lot more food riots all over the globe.

But perhaps that is what those in positions of power actually want.  The truth is that the global elite don’t always have the best interests of the rest of us at heart.

Water Shortage?

So what about water?

Is the world running out of water?

Well, yes, many areas of the world are rapidly running out of fresh water and this is perhaps one of the biggest problems we are facing.

Without oil, most of us could survive for quite some time.

Without food, most of us could survive for a number of weeks.

Without water, most of us would die within a matter of days.

Fortunately North America still has a decent supply of fresh water, but as I have written about previously, in many areas of the globe the situation is quickly becoming absolutely dire….

*Worldwide demand for fresh water tripled during the last century, and is now doubling every 21 years.

*According to USAID, one-third of all humans will face severe or chronic water shortages by the year 2025.

*Of the 60 million people added to the world’s cities every year, the vast majority of them live in impoverished slums and shanty-towns with no sanitation facilities whatsoever.

*It is estimated that 75 percent of India’s surface water is now contaminated by human and agricultural waste.

*Not only that, but according to a UN study on sanitation, far more people in India have access to a mobile phone than to a toilet.

*In northern China, the water table is dropping one meter per year due to overpumping.

*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.

Rather, most among the global elite seem to believe that radical population control is the answer.

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….

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