Ann: Apollo Drilling Following Silver Intersection, page-70

https://www.goldmoney.com/research/a-perfect-storm-in-banking-is-brewing
Last chapter of the articel !

Pre-planning an escape from the fiat-money system

With a perfect storm forming in financial markets and the banks, we are witnessing the end of a global economic system which has denied the realities of free markets ever since President Hoover believed that the US Government could improve and then save the American economy in 1929. His errors were magnified by the neo-Keynesians’ hero, Franklin Roosevelt with his New Deal. A Second World War and post-war socialisation of capital with a minimised gold standard followed. Every failure has been met with a new doubling down on capitalism.

And every failure has increased the power of the state over its people and diminished their freedom. The drift away from a world of progress, where people were free to exchange the fruits of their labour with the intermediation of sound money, enabling them to succeed or fail by their own efforts, has led to the ultimate failure: a looming collapse of the whole statist system.

Since the last fig-leaf of gold convertibility was finally abandoned fifty-one years ago, the final phase of our decline has been covered up by the increasing financialisation of western economies, substituting paper wealth for real prosperity. The function of fiat currency has been to perpetuate this illusion, an illusion that is finally coming to an end.

In the financial and economic violence which we now face, it is difficult to anticipate the order of a series of events within the overall crisis. The outturn could be very different, but logic suggests the following. Interest rates will rise until bank failures materialise. Meanwhile, financial assets will have fallen in value, possibly very quickly. Then we can expect monetary policy to expand to rescue the commercial banks, supress bond yields and to finance soaring government deficits.

It will be a rerun of John Law’s attempt at an inflationary rescue of his Mississippi bubble three hundred years ago, except this time it’s on a global scale and encompassing everything. In 1720, the Mississippi bubble collapsed first, followed by Law’s fiat livres. In the coming months, perhaps the currencies will initially survive the systemic crisis, to collapse shortly after. At this side of the crisis, which is only in its initial stages, the euro is slated as the first currency to collapse entirely, not just because it is a fiat designed by committee, but because of the depth of the structural problems in the ECB and its shareholders.

In these circumstances, the authorities will almost certainly become desperate. They commence from a position of believing the faults lie with markets and will seek new ways to supress them further. Along with commodities, energy, and food prices we can expect gold and silver prices to soar. Will the authorities respond by suppressing prices like latter day Diocletians, banning gold ownership as well? These would be stupid moves, but extremely likely. Gold markets could be simply closed, denying access to those belatedly fleeing fiat.

The neo-Keynesians in charge of markets which they barely understand still think that owning dollar deposits is the ultimate safety. Hedge fund managers, anticipating currency flows, see prospects for dollar strength, but that is only on the foreign exchanges. Since they only deal in paper, they are easily persuaded to sell gold futures and forwards and buy dollars. The bullion banks running short positions are happy to encourage this trend to square their books.

It presents an enormous opportunity for anyone who truly understands money and the reasons why the fiat world is going to hell in a handcart. These few people understand that the reason for buying physical gold is to escape the fiat world, and that it must be bought while there is some available and permitted.