silverseek.com / By Captain Hook / Monday, November 19th
It’s funny more precious metals observers, investors, and even the ‘bugs’ don’t talk about it more. Silver suppression commentators have talked about the various factors and machinations that keep silver ridiculously cheap, but there hasn’t been enough discussion about the importance of the $50 mark for silver. If you don’t know, it’s not just that it’s double top resistance from a technical perspective. (See Figure 1 below.) No, far more important than this is the fate of the US empire / Western alliance and its dollar($) hegemony / fiat currency based markets / economies lie in the balance of silver remaining under this threshold. Or in other words everything will change once an ounce of silver is priced above a $50 bill – everything.
Who knew a $50 bill would be the signal financial apocalypse has arrived. Certainly the bureaucracy’s price managing bullion banks know about the importance of the $50 mark for silver because their masters have instructed them to do whatever it takes to keep it below this critical barrier – anything. Short as much paper silver in the futures market as need be to keep it down. Fraudulently re-hypothecate silver in supposed bullion certificate accounts, exchange traded funds (ETF’s), and any other paper scheme deemed necessary / possible to reuse dwindling physical bullion supply on the unsuspecting and ignorant.
Or in other words, do whatever it takes to keep silver below $50 because it’s the last holdout. It’s the symbol that the ‘powers that be’, our paper pushing fiat masters, are still in charge. It’s the only commodity that hasn’t bettered its 1980 highs even in nominal terms. And the fact silver is the second most important monetary metal next to gold makes this situation even more important. Again, and as alluded to above, it means this threshold is the signal financial apocalypse has arrived for our fully mature debt based fiat currency based economies, and that one should expect acceleration in monetary debasement in attempting to paper over mounting fiscal problems.
It means the end game has arrived. And eventually it means the US will no longer be able to export its worthless fiat $’s for hard goods in return, which in turn will mean America (now lost) will have to get back to work in its factories (and farms) once again. Financial repression and building the world’s biggest bond bubble will not work forever. Eventually the bond bubble will burst because continuous and increasingmonetizations (Q-Eternity) set against real declining incomes will eventually bring problems presently being faced by satellite states home, characterized by exploding inflation, soaring unemployment, and then a grand debt implosion. (i.e. now in progress.) So you see, this government dependency will eventually end in chaos.