Procinctu Press | THE BLOG

Veteran’s Day Hypocrisy | Sorry and Sad, not Happy

Most conventional November 11th posts offer up a lame ‘happy’ and ‘thanks,’ but we’re going a different route. Part of this is because a web page doesn’t really do veterans all that much justice. But most of this is because we need to honestly call out all of the lip service and Veteran’s Day hypocrisy.

Those in government will no doubt pay the veterans ‘respect’ and hold nominal ceremonies on Monday. Yet, it was just a few weeks ago that the ‘Greatest Generation’ of veterans from World War II were locked out off their memorial. By the end of this post, I hope to raise awareness on a few other issues, and not say a hollow “thanks,” but a heartfelt “Sorry” to all the veterans.

Veterans March on Washington of 2013

mounted police then now | Veteran's Day HypocrisyRiot police, Mounted Police, humvee, dozens of police vehicles, helicopter with snipers, spotters/snipers on the White House roof… Sounds like a scene out of a movie, right? Wrong. That is just the response from the government towards a group of it’s military veterans. It wasn’t 1932, but the 2013 Veterans March on Washington also forebodes a dark story. The scenes from both of those years are ones we should remember during all the Veteran’s Day hypocrisy.

The Veterans March on Washington (2013) was in response to President Obama’s Department of the Interior order to close the nation’s parks. Upon realizing this specific fallout from the United States Government Shutdown, the House passed a resolution to reopen the National Parks. The Senate, nor President Obama would act on the resolution. Caught in the crossfire were World War II veterans, many of them wheel chair bound and physically unable to jump the ‘Barrycades.’

Reaching the end of their lives, they are embarking on the final opportunity to see the World War II Memorial, and pay respect to their fallen comrades. Honor Flight is the organization that make this all possible. However, with the Department of Interior continually barrycading the memorial, these men were shut out.

So ahead of Honor Flight’s Oct. 13 arrival in Washington, DC, a rally was planned. The 2013 Veterans March on Washington would see the people, many of them veterans, physically remove the Barrycades. This was the only action which allowed the World War II veterans to experience THEIR memorial. Inevitably, some of these Barrycades would end up at the White House, where they were likely conceptualized.

This event really helped illustrate where we are as a nation and further demonstrated Veteran’s Day hypocrisy.

  • Those in power are so petty as to prevent old men from accessing an area that, under normal circumstances, is open 24 hours with unessential staff.
  • The police are instructed to block roadways only for political reasons.
  • Veterans are viewed by the government as a threat.
  • Intimidation and provocation tactics are used on vets.

What about 1932?

Oh right, one of the forgotten episodes in American History. You know, the one where the military was ordered to “Charge!” it’s own veterans. The attacked vets (and joining groups) were known as the Bonus Army. The ‘official’ casualty total was 4 dead and 1,017 injured.

Excerpt taken from Wikipedia:

The Bonus Marchers, believing the troops were marching in their honor, cheered the troops until Patton ordered the cavalry to charge them—an action which prompted the spectators to yell, “Shame! Shame!”

bonus army | Veteran's Day HypocrisyMany people who were stateside during WWI made a higher wage than soldiers on the frontline. So in 1924, the veterans of World War I were finally awarded bonuses to make up for the wages they would have otherwise earned in civilian jobs. The caveat was that the certificates could not be redeemed until 1945. The Bonus Army was formed as the veterans of World War I were desperate to redeem their bonus payment ‘early,’ especially in the face of the Great Depression. And so the Veterans March on Washington of 1932 was the result. Whether or not you sympathize with their plight, the fact remains, the US Army attacked US Veterans. I doubt this episode will be mentioned during the Veteran’s Day hypocrisy.

 

Veterans Need Not Apply

Rumors of foreign troops on U.S. Soil, those in law enforcement who will break their oath, and then those in the prospective National Civilian Security Force are more examples of Veteran’s Day hypocrisy. These may be in the speculative stage for now, but it’s obvious that each can be used against veterans.

Rumors, Just Rumors

You may see rumors of DHS organizing 15,000 Russian troops for an emergency. We definitely have 15,000 of our own troops at home and abroad who can handle an emergency. There are more than 15,000 Iraq and Afghanistan veterans who could enlist to help in an emergency as well. But a novelist might conclude that such a government would be anticipating an event in which their own military and veterans may not follow orders. I wonder what it means in real life.

chinese | Veteran's Day HypocrisyOr there is that other rumor of the Communist Peoples Republic of China Army being on the ground….. in the U.S.A.! This, of course, is for ‘simulating’ an ’emergency drill.’ The Nov. 12-14 drill will be centered around testing the resiliency of the power grid.

Conspiracy theorists or novelists might think that the Chinese could have spies who would be able to report on the weaknesses ib the United States’ infrastructure. Or others might even think that these troops could have some other nefarious intent.

Is this a good time to bring up President Obama’s purging of the military? Reportedly 197 officers in his 5 years? He isn’t executing them like Stalin, but the impact remains. The latest on the Purge (as of this writing).

But rest assured you fear-mongers, snopes.com has pointed out that there is no threat.

Just Following Orders | Oathkeeper vs Oathbreaker

execution poles | Veteran's Day HypocrisyAs was seen during the Veterans March on Washington 2013, the line is thin between the oathkeepers and the oathbreakers. Surely many of the law enforcement would have rather spent their Sunday somewhere else. However, ALL of them reported for work and followed orders. They were there to intimidate and provoke the veterans and protesters…..in my opinion.

If things got too testy, what force would they have been ordered to use? Would they follow the order? How many of them would even use force beyond the order as Gen. MacArthur?

In Hitler’s Germany, they were just following orders. In Russia’s Gulag, they were just following orders.

Obama’s National Civilian Security Force

That’s right! We haven’t forgotten the talk before the 2008 election. You know, the one calling for a civilian force that will be ‘just as powerful, just as strong, just as well-funded’ as the military.

With economic calamity approaching, this could be a very useful group, eh? Imagine a scenario where preppers, anti-tax folks, and the like, are actually deemed anti-government. We already see evidence of this happening in numerous memos. Would those who rely on government assistance to feed their families end up joining such a force? Would they hesitate to shoot on you?

In keeping with the lame government acronyms, we will call them the Special Homeland Internal Troops.

Current day

We see the government becoming more and more hostile towards it’s citizens and veterans. Through orders, bills, and propaganda; we even see some members of government labeling strict Constitutionalists as ‘terrorists.’ Does that mean the government is anti-constitutional? Well anyway, it’s interesting considering the openness for interpretation of things like the NDAA. Who or what constitutes the ‘terrorist’ of tomorrow is anybody’s guess. Are these the warning signs that the Jews failed to see before the Nuremburg laws….the Russian peasants before Dekulakization?

Is the Veterans March on Washington (2013) just a benign event where the government overstaffed? Was it’s lack of coverage in mainstream news, a news story itself? Was the government hoping for just one protester to overreact to the police presence?

Reality

In the face of the Veteran’s Day hypocrisy, it is a Happy Sad Veterans Day to all who have served.

Though we have allowed our government to attack/fire upon/kill you, we believe to make up for it with a worded “Thanks!”

Though we didn’t appreciate your sacrifice in Vietnam, we will sport a flag lapel pin in your memory.

Though we allow your veterans programs to be underfunded, we will still raise a flag in your honor.

Though we ignore your dozens who commit suicide DAILY with Post Traumatic Stress Disorder, you can feel good knowing that we will wear a camo ribbon for you this week.

Instead of Happy Veterans Day, maybe it should be Sorry Veteran’s Day. So for at least one day, this website will take the time to say sorry to the veterans. I only hope that this post will raise some awareness, because it definitely won’t serve enough justice.

ACTION during Veteran’s Day Hypocrisy

While all the Veteran’s Day hypocrisy is going on this year, you can apologize to the vets by considering a donation in their support. Below are a few groups of which I have no connection. You can research additional organizations if you are so compelled.

If you know of anyone who may suffer from PTSD, clicking HERE may be a good start.

Thunder Road Film – An epic war drama for a defining generation that Hollywood is too afraid to make.

Helios Warriors – Provides therapies to ALL veterans. specializing in Post-Traumatic Stress Disorder (PTSD), Traumatic Brain Injury (TBI), or military sexual trauma.

Pets For Vets – Pairs dogs with America’s veterans who could benefit from a companion animal. (especially those with PTSD)

Honor Flight –  Helps every single veteran in America, willing and able of getting on a plane or a bus, to visit THEIR memorial.

Defending the Blue Line – Actively works to ensure that children of military members are afforded every opportunity to participate in the game of hockey.

Forgive us for the Veteran’s Day hypocrisy. Oh look! There is a sale over there!

Sorry veterans.

With God’s Will.

-T

Finding Balance | Ignorance vs Worry | Thursday Thought

Finding balance is the key in many aspects of life. One of the most crucial areas, if not THE most crucial, is finding balance between avoiding ignorance and worry. It’s literally a matter of life and death.

The idea behind this post is directed towards my mother. Over the last several months she has been stressing out and worrying over her future and financial sustainability. She has been dwelling on past mistakes and really struggling to move on.

“Why did I do this?” “How could I waste that?” “What was I thinking?”… Do these questions sound familiar?

While it’s important to learn from the past, it’s equally important to leave the past. Finding balance between avoiding ignorance and also avoiding worry will be paramount. This writing is not just for my mom though, it can be applied to your mother as well….and even to your siblings, cousins, aunts, uncles, and YOU. Everybody has their problems and some are more dysfunctional than others….so what?! Get over it!

Whether we are looking at Pride vs Humiliation….Cocky vs Timid….Hyper vs Depressed….or in this case, Ignorance vs Worry. Finding balance IS the key.

Finding balance to avoid Ignorance

forward in ignorance is bliss | Finding Balance | Ignorance vs Worry | Thursday Thought

Ignorance is bliss…

I’m sure we all have heard the saying, “Ignorance is bliss.” Well, that statement is true, ignorance IS bliss. However, that’s not the end of the phrase. The rest of it concludes “until it shreds you like a rip saw.” OK, so maybe I took a little liberty with the phrase, but the point remains.

You absolutely need to be aware of history and the lessons learned from it. The failure in finding balance and succumbing to ignorance can be death.

  • The Jews caught of guard by the Nuremburg laws and subsequent imprisonment, or worse.
  • The  in Russia who lost their land, then exiled or worse.
  • The American oblivious to the foundation of their nation’s currency.

Yeah, that last one is a bit forward thinking, but in all of these cases, the writing was on the wall. Either the people were too consumed to take the time to read it, or they just didn’t think it would get THAT bad. Ignorance got the best of them. Ignorance can KILL you.

Finding Balance to avoid Worry

worry | Finding Balance | Ignorance vs Worry | Thursday ThoughtWhile reading Aleksandr Solzhenitsyn’s Gulag Archipelago, there was the story of one who was falsely imprisoned for a time. They were eventually released, but during the abbreviated imprisonment, their mother had died of worry. Do not take that lightly.

Worry can not only outright kill you, but it can age you, add lines to your face, tax your heart, make you sick, eat at your mind, and on and on. If you happen to be healthy right now, and you are prone to worry, you are pretty much begging to give up what health you have.

And For What Reason? What are you hoping to accomplish with all of this worrying? Will worry in of itself actually change an outcome?

Worry will only prevent you from taking the proper action to address the situation. You may end up suffering from a case of ‘analysis paralysis.’ You’ll just sit there and ‘worry’ about possible outcomes instead of focusing on the necessary critical thinking of risk vs reward. Or, you’ll be frazzled and make poor decisions in a hasty effort to end your unfounded worry.

Frame of Mind

First, a few questions for you (my mom) to help put things in perspective.

  • Do you have your health?
  • Do you have your family?
  • Do you have a roof over your head at night?
  • Do you generally have food available to eat?

Though the answer to these questions may be a “Yes, BUT..” Stop right there! This isn’t scientific, but just saying “yes” puts you in a better situation than most of the world’s population. Worry will only help you to change your answer to a “no.”. Fact is, even if you DID have to answer “no” to one of these questions, you would just be joining everybody else who is already finding a way to make it in the face of struggle.

Be grateful and cherish everything you have while you have it. Whether it’s in your control or not, any one of these things can be lost in a second. A car wreck, fire, job loss, flood, sudden death, currency collapse, war, etc. These are not things to worry about, they are merely facts of life.

If it happens, you pick up the pieces, take any lessons to be learned, and move on. That simple….sometimes hard, but simple. Humans are very resilient if you realize our capacity.

War of Questions

There are questions we run through our minds that can actually frame/form our solutions/answers? Can we frame questions in a more beneficial way? Can we even manipulate them from a ‘victim’ question into a ‘grateful’ statement.

“How could I waste all of that money?!” can be “What lesson can I learn from that experience?”
“What was my son thinking?” realizing other’s plight “Thank God I have a son.”
“What am I gonna do when…” can be “How can I best prepare for…”

Accentuate the Positive

Going even further in finding balance…. When things don’t work out, people may ask “What did I do wrong?” Fair question, right? Well another question should be “What did I do correctly?”

By identifying that which does work, you will have the opportunity to build upon it and perfect it. Maybe in your failing business, you did a remarkable job of detailing your losses. Well, the failing business could launch a carreer in accounting. Or maybe you tried 5 different strategies for trading the stock market, and lost money 80% of the time. Which strategy did you use to profit 20% of the time? Can you focus on that one and master the strategy?

A few quotes to think about while finding balance in this battlefield of your mind. “Where the mind goes, the energy flows.” and “Garbage In, Garbage Out.” The best way to guarantee a poor outcome, is to focus and obsess on a poor outcome. The best way to find a positive outcome, is to focus and obsess on a positive outcome. This isn’t some new age, fluffy jargon…. it’s true.

Have no anxiety at all, but in everything, by prayer and petition, with thanksgiving, make your requests known to God. -Phillippians 4:6

Final Message in Finding Balance

There you go mom (and moms across the world). Finding balance between avoiding ignorance and worry is a life and death matter. Certainly be aware of the threats around you and your family, but don’t be consumed by the mere threat. Even check out these alternative news sources to help you better prepare. Crunch your numbers, take your action, seek knowledge, etc. But DO NOT worry about things of the future. Worry WILL kill you if you let it. The best you can do is the best you can do. So do your best, and give God the rest.

Government Shutdown / Debt Ceiling News Causes Gold Spike

So a quick review from my previous update, we were in somewhat of a Descending Triangle pattern (that usually is bearish) and I gave two targets: $1250’s and the lows, if the trend continues. It seemed like everything worked out as Target 1 was hit. However, a day before and a day after the target 1 was hit, there were some red flags that I noticed on the chart as the markets were awaiting the ultimate decision regarding the debt ceiling and government shutdown. This lead me to believe that we may not see Target 2 (the lows) be reached any time soon. I discuss some of my findings in my recent market update.

Government Shutdown & Debt Ceiling Talks Give Gold Another Bullish Chance

mountain of debt | Government Shutdown / Debt Ceiling News Causes Gold SpikeJust before the October 17 debt ceiling ‘deadline,’ Obama signed the ‘compromise’ designed to End the Government Shutdown and extend (by time) the debt ceiling. There were also a lot of other news-related issues that triggered a huge sell-off in the dollar, and thus caused a huge, nearly-40pt spike in Gold. Also included was China’s downgrading of the USA from an “A” to an “A-“. This was a huge increase in Gold and could lead to more bullishness to come in the shorter-term.

The resulting price action from the Government Shutdown/Debt Ceiling news gives Gold another chance to create a new uptrend channel (like it did from June – August 2013), however, we will have to see whether it will actually do this or not.

Strong Resistance Ahead of Gold

It would be great news for Gold Bulls if Gold finds follow-through, and they can thank the fundamental news from the Government Shutdown/Debt Ceiling for starting this new trend. As stated in my market update, the key resistance levels is a strong downward channel that was created a year ago, and it was also the same channel which Gold could not pass, but dropped as a result causing a huge Gold Crash in May 2013. The upper portion of this downward channel will proffer resistance in the 1350-1355 area, and then some more at 1377-low 1380’s. These two levels need to be strongly passed before we consider Gold $1400.

I will feel Gold has a strong chance of “kissing” the 200 day moving average that is currently hovering at 1437 if we can take out low the 1380’s. As you all know, I am bearish on Gold in the coming months (but Bullish in the longer term). However, I will strongly reconsider my short-term sentiment on Gold if it can get above the 200MA and especially if it can get above 1533’s. But be warned, 1350’s and the 200MA will be very strong areas to pass!

Look Out For a Possible Squeeze

I did not mention this in the government shutdown market update, but the Bollinger Bands are slowly contracting and if there is no follow-through from the Government Shutdown/Debt Ceiling Gold Spike, we will most likely have a “Squeeze” which will yield a strong move (either to the upside or downside). The longer the “Squeeze” (meaning the longer the volatility stays flat), the more fierce the “fire off” will be. In my previous updates, I talked a lot about Bollinger Band squeezes and one way of how to trade them. But I did want to bring this to your attention should we go sideways.

With all this being said, however, I do feel that the Bearish Target 2, the prior lows of $1179, will be tested sooner or later. The reason is  because when something gets sold off like Gold has, the lows usually get retested. If the bottom is in for Gold, it will bounce off $1179 and continue forward very strongly. If it is not the bottom, we will see it pierced and at that point, we will need to look at two key areas: 970’s-1000 and/or 700’s.

Feel free to visit my YouTube Channel should you have any questions or wish to make any comments. Thanks

-Vinny

GDX & Gold $1200 Target Breakout

In my video update, I discuss many reasons why I have a bearish-neutral perspective on Gold in the very short term, and why I feel we should see Gold $1200 very soon. As stated in my previous update, the $1276 was a critical level that Gold needed to hold and bounce hard from if it wanted to sustain its intermediate uptrend, especially if it wanted to trade in the $1400 region. Days after my update, Gold did touch the $1276 level as expected, however, the bounce was not impressive and raised some red flags. I addressed these concerns on October 6, 2013 in the comment section under that video update on my Youtube Channel, Vinny1010.

On my recent Gold update video on October 10, 2013, I argue cases for both the Bullish & Bearish perspectives and leave it up to you to decide which one is the strongest. Though I clearly stated I have more of a bearish outlook on Gold in the shorter-term, I wanted to at least present both sides so you know exactly why I was leaning towards Gold $1200 (and/or $1179, the summer lows). I am sure you agree that being unbiased is extremely crucial in portraying an accurate analysis of any stock or commodity.

Bullish & Bearish Perspectives: Gold $1200 or will we see Gold $1400 again?

Bullish

  1. Gold is still above $1276 level, which technically keeps the intermediate uptrend in-tact
  2. A larger Inverse Head & Shoulders as yet to be completed (This is a bullish chart pattern)
  3. Debt Ceiling fears & Government Shutdown issue

Bearish

  1. A lot of resistance: 21, 50 & 100 Moving Averages among other key areas
  2. A downward trendline has been established, and it seems that Gold is having issues surpassing it
  3. Price action (i.e Candle patterns) are suggesting more selling-pressure than buying pressure.
  4. Descending Triangle Formation (Bearish chart pattern formation)
  5. Gold failed to rally on fears of Debt Ceiling concerns and Government Shutdown fears (unlike the past where it rallied pretty hard)
  6. The prior bounce off the $1276 critical level was very weak and raised red flags of buyers in the market
  7. Inverse Head & Shoulders completed on August 28, 2013 when Gold reached $1434
  8. Current price action is now trading under the Ichimoku Cloud suggesting the intermediate uptrend is questionable at this time.

As some of you may have realized, my Gold update was done on October 10, 2013 and the next following day (today), Gold just happened to pierce the critical level of $1276. This piercing opens the floodgates to more downward selling-pressure which will bring about Gold $1200 in the very shorter-term. Look to see Gold to go to $1250 area and then for Gold $1200 and/or $1179 to present itself soon.

GDX Gold Miner ETF Analysis

GDX miners | GDX & Gold $1200 Target BreakoutI also analyzed the Gold Miner ETF, GDX. Though Gold is in a bearish formation, GDX seems to be in a Falling Wedge formation, which is bullish for the miners. This does not mean that GDX will rise while Gold heads towards $1200, but that the downward pressure in the GDX miner will be limited compared to the past. I only advise trading GDX and other Gold Miners when you are experienced enough as they are very volatile. As a disclosure, I currently have Put Options on GDX and though the falling wedge is present, I am not convinced as of yet that it will yield very high price movements as the wedge is rather small.

In conclusion, look for Gold $1200 and GDX Gold Minersto go lower, bounce and then continue much lower as the weeks go by. For the very long term, I am very bullish on precious metals, however, in the shorter-term, it seems there is a lot of selling-pressure that will soon present itself. These volatile and high selling-pressures yield buying opportunities for precious metals investors. Please take advantage of this opportunity!

Finally, please be sure to visit my YouTube channel on a regular basis to check for market updates.

Thanks,
Vinny

Wealth Confiscation….Conspiracy or Reality? | Thursday Thought

This week’s Thursday Thought revolves around Wealth Confiscation and safeguarding one’s wealth. Obviously, it came to me while being in the company of people who have earned themselves wealth. But while this Thursday Thought has them in mind, it is really for everybody who has any type of savings or retirement plan.

This concern of Wealth Confiscation came while attending a Cadre event in Washington D.C. Cadre is a group of successful entrepreneurs who are more interested in HELPING and ADDING VALUE, then they are interested in throwing a sales pitch at a networking event. In fact, Cadre stands for Connecting Advocates. Deepening Relationships. Exclusively. So that pretty much sums it up.

At this particular event, we heard talks from James Altucher and Jay Baer. James has been mentioned on this site before regarding his book “Choose Yourself.” It’s about the ever changing world and why it’s time to Choose Yourself in this new era. And Jay authored a book titled “YOUtility,” which has to do with marketing using a ‘HELP’ mentality, as opposed to a ‘HYPE’ mentality. After they spoke, the Cadre members (and non-members) then gathered up on the balcony for an UN-networking event. There is where the Wealth Confiscation Thursday Thought was formed.

Wealth Confiscation

who is next span italy u.s | Wealth Confiscation....Conspiracy or Reality? | Thursday ThoughtThose in the Cadre group are admittedly further along in the journey as am I. However, even there, I got the same bewilderment concerning gold and silver as I do from Joe Schmoe on the street. In fact, only James Altucher was on the same page regarding silver. Now, I didn’t talk to THAT many people about it. But the lack of knowledge on the subject of those I did speak, was a bit disconcerting to me. These are very successful people, and to not even have considered their Wealth Confiscation seems irresponsible and/or naive. What about Cyprus? Poland? Or all of the other latest red flags around the world….

Consider that the troubles facing the United States are far larger and more globally reaching than these little canaries. Are the most connected and most successful businessmen and women among us really not prepared for what’s coming? They have never given even a thought to Wealth Confiscation?

There are people who really believe they can change the world. I include myself in that group even as I write from the humble abodes of the ‘not-quite-there-yet’ Procinctu. But if 25% of any one’s wealth is taken overnight, wouldn’t that limit their effectiveness? What is half was taken? 75% ? You get the picture. And the picture is starting to come into focus regarding Wealth Confiscation.

Canaries in the Mineshaft

hands off cyprus | Wealth Confiscation....Conspiracy or Reality? | Thursday ThoughtIt was only last March that Cyprus held a bank holiday. Subsequently, Laiki bank was closed, and the Bank of Cyprus was recapitalized. If you had an uninsured account totaling more than 100,000 Euros, say goodbye to a large chunk of your wealth. This was all for a ‘bail-out/bail-in’ of course. And what was the government’s loan requirement to address it’s deficit spending and the bailout…..only $10 billion Euros. Compare that to the almost 17 trillion USD debt. I’ll write it out so we know what it looks like… $16,743,920,719,890.75.

Then earlier this month, Poland announced it would transfer (confiscate) it’s citizen’s private pension fund bond holdings to the state. Roughly half of their life savings (if it’s in those funds) are to be nationalized! So here are just two of the most recent forms of Wealth Confiscation.

Same Old Story

The story is the same for every nation with this problem….TOO MUCH DEBT. So we see the United States’ large debt amount written above, but that doesn’t even include future obligations like Social Security, Medicare, Medicaid, Obamacare, etc. What’s that, hundreds of trillions? The only reason the U.S. has been able to blow the bubble larger and larger is because of it’s Global Reserve Currency Status and the Petrodollar.

In the U.S., the Federal Reserve has been performing quantitative easing for quite some time, like since 2008! That is, they are currently buying $85 billion dollars worth of bonds every month. What happens when they stop? Where will the banks ‘liquidity’ come from? Will the government ‘creatively’ force it’s citizens to buy the bonds instead? Will the whole economy come to a screeching halt? Will we see Wealth Confiscation in the name of patriotism?

These are questions we all need to ask ourselves. If your money is in an account, it is quite easy for it to be taken out Cypriot-Style. However, if you have your wealth in modern unconventional holdings, like gold and silver, you make it a bit more difficult for them to steal.

Gold and Silver

Physical gold and silver NEED to be an everyone’s portfolio, even if there wasn’t a threat of Wealth Confiscation. Understand that it’s not fool-proof, especially if you don’t diversify it internationally. They can even add an insanely high windfall tax on silver and gold if they want, BUT you can prepare for that too. Just know that you increase your chances of keeping your wealth if you have some gold and silver.

Again, it’s easy to confiscate a bank account’s holdings, it can be done from someone’s bed. But to confiscate physical gold and silver? They have to get out of bed, drive to their facility, strap on their riot gear, load all the guns, get gas, drive to your house, spray a bunch of bullets, etc. You see, it’s totally not worth the hassle. That can of course happen eventually, but it likely won’t be the first option in Wealth Confiscation. At least not when so many other people DID leave ALL their wealth in a bank and conventional ‘savings’ fund.

How much and when?

O.K. I didn’t put TOO much thought into this analogy, but hear me out. You are on a train. You can see the bridge is out ahead. You don’t know exactly how long until you make it to the bridge, but you know that you need to get ready to exit the train. However, you can’t jump just yet, because there are marauders chasing your train. You will need to time the jump between outrunning the marauders, and also getting off the train before it speeds off the cliff. So prepare now and jump when it is time for your best chance of survival.

Translation. Prepare now by putting a comfortable amount into physical gold and silver. Personally, I obviously put a larger percentage, but for beginners, 5-10% would be a good start. At least it’s much better than 0%. There may be one big final smack down in the ‘paper price’ of gold and silver before their actual value is finally realized. THAT is the time you are going to want to go all out for it. 20% or 25% of your wealth, even more if you are totally convinced. This will give you the best chance in fighting the battle life will present you and any Wealth Confiscation will be less likely to harm you. Again, nothing is certain, but probabilities need to be weighed.

Wrap-Up

This is already too long for a Thursday Thought, so I’m just going to wrap it up and say that if this Wealth Confiscation talk was mildly engaging, feel free reach out. You can send an e-mail to vigilo@procinctu.info and just say you would like to know more. This can be explained further, and there are also steps to take in not getting ripped off. You can also check out the money section of this website for information about the horrible fundamentals of the U.S. and global economies. The main point is, no matter how much you have saved, do you really want to lose your life’s savings because some politicians spend other people’s money beyond the means? If the answer is no, there are ways to protect yourself.

Before leaving, if you do happen to be a successful entrepreneur, and are looking to add value to others of your mindset, then check out Cadre to see if it suits you. It is predominantly based in Washington D.C., but you can decide for yourself if you want to inquire further.

We’ll finish with the closing from Zero Hedge

“But best of all, in the aftermath of Cyprus, we now know what the two most recent European blueprints for preserving the myth of solvency are: bail-ins, which confiscate deposits, and pension fund “overhauls”, which confiscate, well, pension funds.

And now, back to the global recovery soap opera.”

If you think “It can’t happen here,” then I’ll be the one to bring you the bad news. It can happen here. In time, wealth confiscation probably will happen here. So, do you want your wealth, for which you worked so hard, to just be another character in the soap opera? Or do you want to create your own non-fiction with it? It’s up to you.

With God’s will..

-T

Gold Consolidation Following The Fed’s Continued QE

Quite a short update today. As you may know and as I stated in my previous video, the FOMC did not decide to taper its QE program this month. Once the markets heard the news, the metals rallied like never before. This was due mostly to the non-tapering statement by the Fed, and also because there was a long over-exaggerated bearish candle where traders felt the FOMC would taper this month. That candle broke the support of original channel. Shortly thereafter, the hope for Gold to see $1400 soon diminished as just two days later, a Fed Governor stated that the FOMC may taper in October 2013. Again, rhetoric from the Fed created panic in the stock markets, in particular, the metals market. Ever since then, Gold consolidation has remained.

Gold Consolidation is Not the Best Time to Trade

gold consolidation | Gold Consolidation Following The Fed's Continued QEIt is not smart to trade and guess the direction of where Gold is headed as the gold consolidation could fire to the upside or to the downside. If the gold consolidation fires south, look for 1300, 1280’s & 1275 area to bring support. 1275/76 is a key level for Gold to hold after it’s consolidation, as this is the 61.8% level of the current bullish trend. As long as Gold stays above this level, Gold’s intermediate bull run stays in-tact. Also, we want to make sure the bounce, aka momentum, from support is quite high to the upside; This will give us confirmation that the fire from the gold consolidation, though it may initially be down, is still going to keep this bull trend alive. However, if gold pierces below the 1275 area, then it will most likely not reach 1400’s, and we need to look for Bearish entries as the bullish trend has been broken.

Obviously, if price shoots up from the gold consolidation, then it does make it quite likely that Gold could see 1400’s. Should it fire north or bounce hard from any of the above support levels, we need to look to see if it can take out the 1380’s & the 1400 level. Only if it can stay above 1400 would we then expect Gold to “kiss” the 200 Day Moving Average around mid 1400’s.

Again, there are a different set of rules and a different mindset for those acquiring physical gold for the future. But for trading purposes, let’s wait and see where the price fires from the current gold consolidation. It would be nice to see Gold keep it’s intermediate bullish trend.

Hope it helps,

Vinny