SGM Metals

In the modern western fractional reserve banking system panic among the people can do tremendous damage when a bank run ensues. Greeks are raiding the banks in order to get their money as they fear a devalued drachma that could wipe out their savings

Wall Street has been forced to come up with creative ways to stabilize their balance sheets since the erosion of asset values at the onset of the collapsing credit bubble. Re-hypothecation & leverage has served well but is quickly becoming unstable.

In the 3 yrs. since the US credit bubble collapsed no bankers have been prosecuted & the derivative bubble has grown by 30%. JP Morgan was compelled to hold a press conference to report a 1.5% loss? The bank house of cards is beginning to fall apart.

The US manufacturing base has been pawned to our creditors simply to cover the interest on our debt. Now they are coming to collect the revenue generating assets. America has gone from the greatest creditor sadly to the greatest debtor in 50 yrs!

The US manufacturing base has been pawned to our creditors simply to cover the interest on our debt. Now they are now coming to collect all revenue generating assets. America has gone from the greatest creditor sadly to the greatest debtor in 50 yrs!

Investors, savers & retirees have all been decimated by the FEDs attempts to keep the fiat empire afloat through intentional dollar devaluation. The banks at the top aligned with the FED appear to be the only winners& this is creating a huge rift.

The US economy was gutted through de-industrialization & Wall Street recycled debt into 'financial instruments' to fashion a credit bubble of false prosperity. Now that has imploded the world is realizing the US has real no economy to fall back on.

The US has enjoyed decades of endless 'personal prosperity' due to an ever expanding credit bubble that has now disappeared. People are struggling to buy gas & groceries since credit has retracted, forcing the realization they are in debt serfdom.

We are conditioned to think a depression will play out over 18 months in slow motion on the TV like Greece. Spain will change everything as it promises to have violent economic convulsions that will destroy wealth & trigger dominoes throughout the EU

Bernanke clowned himself by saying gold at central banks was simply tradition, now its being demanded as collateral in order to lend fiat dollars! When banks are increasing their bullion holdings to make depositors trust the bank, change is upon us.