ALERT NEWS BEWARE The Number One Threat to your Survival
See this important related post that explains how the financial collapse has been engineered. https://weoccupyearth.wordpress.com/2016/01/10/the-global-reset/
Phillip Tilton gives UpDate From Hospital ER in Puerto Rico
Published on Jan 12, 2016
The Canadian dollar is getting crushed
Something Big Is Coming… The Banks Have Never Done This Before
Financial markets across the world took a crushing blow last week as exuberant investors from Asia to the United States came to the realization that the economy may not be doing as well as governments want us to believe. That something big is coming should be a foregone conclusion, especially considering that sophisticated high net worth investors are positioning themselves like never before in physical precious metals.
But they aren’t alone according to insiders like First Mining Finance mineral bank founder Keith Neumeyer and Silver Investor David Morgan. In an unprecedented move major financial institutions operating in the shadows are reportedly gobbling up silver and gold coins and small bullion bars at such extreme levels that mints in Australia, Canada and the United States are unable to keep up with demand.
“There is a hidden buyer out there who is a bank, government, or institution.”
Being that gold and silver are often referred to as safe haven assets, one can conclude with some certainty that someone somewhere is anticipating a serious calamity. And the fact that they are essentially making these purchases in secret adds further credence to the notion that they know something we don’t.
As we’ve seen throughout history, and most recently in Greece, Zimbabwe and Argentina, when panic and crisis are the order of the day physical assets like gold and silver become the currency of the masses.
China Orders Banks to Stop Purchasing US Dollars
In a stunning move, China has suspended some banks from Foreign Exchange markets and ordered other banks to stop buying Dollars.
China’s foreign exchange regulator has ordered banks in some of the country’s major import and export centers to limit purchases of U.S. dollars this month, three people with direct knowledge said, in the latest attempt to stem capital outflows.
The move comes as China reported its biggest annual drop in foreign exchange reserves on record in 2015, while the central bank has allowed a sharp slide in the Yuan currency to multi-year lows, raising fears of more capital flight.
All banks in certain trading hubs, including Shenzhen, received the order recently, the people added. They declined to be identified because they are not allowed to speak to the media.
The total amount of U.S. dollars sold to clients in January for a bank in one of these hubs cannot exceed the amount sold in December, according to the people.
“They have asked us to limit our purchase amount and there are targets, but it mainly relates to institutions and enterprises, there is no change to the policy on individuals,” said one person.