With the Dow hitting new all-time highs, one of the greats in the business told King World News that we are headed for something disastrous on this earth that no one has ever experienced.

“Fueled By A Tide Of Central Bank Money”
John Embry:  “Eric, the charade continues as the global economy struggles with an unsustainable debt load, but stock markets worldwide rise fueled by a tide of central bank money…
John Embry continues:  “To say this is ultimately unsustainable understates the true magnitude of this farce.  We are headed for something disastrous that no one on this earth has previously had the misfortune of experiencing.

Part and parcel of the whole current scenario is the required suppression of gold and silver prices, which are the true canaries in the coal mine.  If they were trading fairly and indicating the true extent of the monetary debasement underway virtually everywhere on the globe, they would be, at the very least, several multiples of the current prices.  However, by virtue of the paper scam conducted by the Western governments, their central banks, and their bullion bank agents on the Comex and the LBMA, both gold and silver continue to trade at remarkably depressed prices.

The Open Interest in silver continues to rise on the Comex and is now well over 200,000 contracts as the perpetrators of the scam try desperately to hold the price at $18 an ounce.  In a world where most assets are grossly inflated, one cannot own enough undervalued silver at this point in time.  Your downside is negligible in silver and your upside is, who knows?  I just know it’s huge.

As you know, Eric, I have just returned from Argentina where I spent twelve days in Buenos Aires and in the western part of the country.  Argentina is an absolutely wonderful place to visit and has many great attributes.  However, Argentina offers a very cautionary tale about how bad government can seriously undermine a country with an awful lot going for it…..more here