Our financial system is built on layer upon layer of empty promises. It didn’t start out that way, but it’s that way now. And, we’ve gotten so used to treating the empty promises in our system as real… well …we just keep doing it.
The problem arises when someone chooses to stop pretending that the empty promises are real. And, that usually happens when an entity no longer sees any benefit in playing the game of make-believe.
Well, it appears that China might just be that ‘someone’. And, Harvey Organ went on Greg Hunter’s USAWatchdog.com to run the numbers and explain why China is ready to collapse the system.
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System Collapses in 2014 – Harvey Organ
By now, most of you know that the financial system is teetering on the brink of complete and utter collapse. All that it will take for the system to fall into the abyss is just a well-placed nudge. So far, that nudge hasn’t happened, but it’s only a matter of time before someone decides that a systemic financial collapse is in their best interest.
So, the question is:
Who would benefit from a collapse?
Normally, the answer would be:
No one.
And THAT is why the make-believe financial system of ours has lasted so long. The people with the ability to collapse the system haven’t done so, because they still get benefit from keeping it afloat. But, we’re starting to see evidence that some of the players are having second-thoughts.
Russia
Sanctions against Russia have been pushing them into de-linking their economy from the US dollar and Euro. And, that process seems to be moving along, but we can’t be sure when Russia will be ready to pull the plug on the petrodollar and knock down the financial system.
China
China has also been unhappy with what the US has been doing, and has taken steps to make the Yuan an international currency. However, they’ve hesitated to make the Yuan fully convertible and a challenge to dollar hegemony. So, they have been changing their forecast of full convertibility – further and further into the future.
They’re just not quite ready to bring down the system.
What would change that?
Well, there are quite a few reasons why China might decide to knock the system down, and Harvey Organ illustrated two of them on Greg Hunter’s USAWatchdog.com:
Harvey Organ- By December Whole Thing Going to Collapse
YouTube shortlink: http://youtu.be/aZwSiHBxm0c
The End Of The World As We Know It
When I saw that video, it was like a bomb had gone off in my head. Harvey was talking worldwide financial catastrophe – the end of the world as we know it. Trillions of dollars in derivative contracts would collapse and banks would implode. It would be a fantastic financial holocaust.
Everything that you have in your bank would evaporate, overnight. Financial institutions would collapse, and they would be forced to declare martial law.
All because of a default of either a silver or gold contract.
By the way, the page for the interview is here:
http://usawatchdog.com/manipulation-of-gold-and-silver-definitely-ends-this-year-harvey-organ/
Greg Hunter always puts up a written summary of the interview, so you’ll find a lot to look at there.
So, here’s the question:
Is Harvey right?
My answer is yes… and …no. Oh, and a big idon’tknow.
Why the ambiguity?
Well, he has his numbers right. We are quickly reaching the point where the West can no longer supply China with the gold and silver that they want. In fact, the issue with silver is especially serious.
China Needs Silver
A large part of Chinese industry MUST have silver, or it closes down. However, the artificial suppression of the price of silver has allowed the silver that they need, move into the hands of others. Too many people see the price of silver as cheap, and they’re buying it.
The only way that Chinese industry is going to get the silver that they need, is to offer to buy it at a much higher price, to shut down those that are competing with them for silver. And yes, without silver, you don’t have electronics or certain pharmaceuticals.
So, what is China going to do?
Well, they will keep draining Western silver reserves, until they are empty. But, it appears that those reserves already ARE empty. The vaults that have been storing silver for industrial use have essentially been cleared out.
It may be that China will decide to use covert means to obtain the silver that they want. And, we’ve seen China go on a spending spree in Africa and elsewhere, looking for resources for their industries.
But, will all of that be enough?
That’s a good question. I don’t know, but probably not.
What China Decides…
If China decides that it needs silver and gold more than a corrupt financial system, they will force a ‘failure-to-deliver’ – which is another name for default – on the precious metals system. That default will collapse the system and cause the price of gold and silver to explode – as well as creating a tsunami of collapsing derivative contracts.
That will make silver and gold freely available to China, and it will also provide China with the ability to turn the Yuan into a gold-backed currency and make it the most popular unit of exchange in the world. It would also make Shanghai the center of global finance.
The question is whether they want that right now, or whether they would like to keep playing the game.
Harvey Organ seems to think that it’s game over, and there’s reason to believe that it’s possible.
A collapse IS coming. We’re only arguing over WHEN.
The bigger question is whether you will be prepared, when it comes.
I truly hope that you’ll be ready for this
(That’s a link. There’s not much time left.)
A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished. – Proverbs 22:3
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If you find a flaw in my reasoning, have a question, or wish to add your own viewpoint, leave a comment on the website. Your input is truly welcome.
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