Tuesday, 26 April 2011 05:33

THE CARS ARE COMING OFF THE RAILS


THE CARS ARE COMING OFF THE RAILS
 
by Michael C. Ruppert
 
© Copyright 2011, CollapseNet, Inc.    Please Distribute Widely
 
 
 
April 25, 2011, 8:00 PDT -- SEBASTOPOL -- APMEX, the American Precious Metals Exchange, has initiated reverse inquiries to all of its precious metal buyers offering to buy back silver and gold at above spot price.  This means one of two things.  Either APMEX is desperate to cover short positions or to conceal the fact that it has no physical metal to deliver.
 
This is a big market move and a signal that APMEX and many others see Fukushima's impact on the global economy, our civilization, and the Old Paradigm. Put another way, they see pm's going absurdly hot very shortly which is exactly what I have written about consistently for over a decade. This fits with my analysis predicting immediate (there is no better term) apocalyptic events. Having left a record of maybe three million words I have never used that word before.
 
What I have said consistently in many university lectures in seven countries over nine years is that we will certainly see $2,000, $5,000 and maybe even $10,000 gold. And in the same breath I usually shuddered and said, "But when that happens we will not recognize the world we live in anymore."
 
A great many people have criticized the fact that I had predicted $2,000 gold by the end of last year. (Ted Williams only had to bat .400 to be the best in baseball. Did major league pitchers stop fearing him when he struck out?) Well, if we see $2,000 gold in May then I missed it by five months... I also missed the 2008 crash by about a year and a half. The film "Collapse" by Chris Smith was a success because of the fact that I so accurately predicted the events... not because I missed that date. The most important thing I got absolutely right was that $2,000 gold was actually coming. That was and remains the essential point here. Few believed me when I first said that gold might break $500 in 2001... My guess is that silver may well blast through $100.
 
This is assuredly connected to China's official announcement that it intends to sell $2 Trillion of USD holdings [see the April 24th story below]. And why might China be deciding to dump now?... A caveman could see that -- come July -- the markets are toast, nobody will be able to afford oil, the derivatives will implode, more than a billion people will not have enough money to eat and -- as I said in "Collapse" -- "Everything will just shut down".
 
And then everything will blow up.
 
That is the world I described in "Crossing the Rubicon: The Decline of the American empire at the End of the Age of Oil" in 2004. That is the world we are living in today. The book is in the Harvard Business School library.
 
As I said in my last video alert, it should all happen by July. The emerging stories about corporate production and earnings are really frightening and they are emerging globally at an accelerating pace, from Europe, to South Africa, to China and here in the U.S. We bring them to you every day on the World News Desk
 
Please, if you are new to this, please visit our absolutely Free Lifeboat Directory which contains over 1360 hand-picked carefully screened and indexed listings showing you all the resources that are out there and connecting you with people all over the world who are spearheading a rapid evolution in human consciousness. You will find answers to many of your questions there. It is a work of art constructed and moderated by Suzie Gruber, M.A., S.E.P. with complete dedication. All of the staff and volunteers at CollapseNet serve with matching devotion. Our mission is to help you get through this. I'd like to extend a special thanks to Carolyn Baker, Ph.D. for her consistent contribution of enormously helpful weekly columns, Collapse Consciously, helping us all to deal with the feelings these experiences are bringing up.
 
We need your memberships now. We have volunteers who we need to convert to paid staff so they can eat. We need to invest in our ability to bring you audio/visual material and expand our coverage. -- We ourselves at CollapseNet need to prepare.
 
To all of our members and especially our lifetime members and other donors we offer our deepest thanks and appreciation... We believe we're earning our keep... and keeping your trust. In a ham and eggs breakfast the chicken is involved... but the pig is committed.
 
-- MCR
 
Read the full article here:
 
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China Proposes To Cut Two Thirds Of Its $3 Trillion in USD Holdings   
 
 
[photo: i.zdnet.com]

April 24, 2011, 0930 PDT -- BREAKING -- Just about thirty minutes ago this story broke from Zero Hedge. That should pretty much start the global dollar dump immediately and the reactions should be almost immediate tomorrow. This could be a global 10.0 financial earthquake. -- MCR
 

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