Loading ...“The Federal Reserve bailed out the entire US financial system.”
IMO the way they did that was using Blackrock and Aladdin Derivatives (ETF’s) to make it appear that the Federals Reserve was solvent and had oodles of assets to back up the whole thing, when, again IMO, the Fed is backing the whole thing with Derivatives (ETF’s) which have NO actual asset value, and in fact their only function is to TRACK and report the daily quoted value of the underlying securities that the ETF represents (but does not own)… What nobody seems to “see” or understand is that the ETF’s actually own NOTHING, and they are basically WORTHLESS, and they are only backed by the entity who is the counter party who IMO will eventually just slip out the back door in the middle of the night, leaving all the suckers holding a bag full of hot air and empty promises.
I would guess that Adam and Michael also see and know this to be the case….but if they told their investors this they would also be out of business, since they rely on commissions from their investors to keep them in business.
So that is why when I took a $million++ out of the PM share markets years ago I switched about 1/2 to Phyz on the dips, and have been living the easy life ever since, adding to the Phyz whenever I saw an opportunity.
The world is being set up for a new monetary system, and when it comes, IMO those holding some Phyz will be the only ones to have a chance to maintain their independence and survive. Someone, I think it was Bill Holter in the USA Watchdog interview, just said he thinks the mines will all be Nationalized in the future to save the US Buck if the system reverts to some kind of gold standard. I read Nationalized to mean “Confiscated”, in which case the shares would become worthless IMO.
That’s why I have opted for Phyz. What I think the US has in their Fort Knox gold reserves, if they ever open the vaults to an actual audit, is an ECHO!
But just remember, if you can’t hold it in your hand, you don’t actually own it. All FWIW! The following seems appropriate from Silverngold!