Jan 4, 2012
Bix Weir of RoadtoRoota.com joins us this week to discuss the impending implosion of the world's financial markets. Bix believes the mother of all crashes is happening very soon, possibly as soon as this March. It could be triggered by the CFTC's implementation of position limits for silver as well as other commodities and their upcoming definition of SWAPs. This is supposed to be done sometime in January, with a 60 day implementation period to follow, and Bix believes this could and will trigger a market crash. He warns us to keep an eye on the European situation--the European and US banks are up to their collective eyeballs in derivatives, which have been likened to weapons of mass financial destruction. The bank collapse in Europe could lead to bank collapses in the US, so follow Europe closely as this could be your last warning to get all of your monies out of the US banks.
The widespread financial fraud has been on-going. We've been printing our way to prosperity since the early 70's. So hold onto your metals, they're the only answer to the government's debasing of currency. Gold and silver are going to be freely traded, and soon! Probably by the end of 2012. Free markets will rise again; unfortunately, we're going to have to live through the crash to get there.
Please send your questions to kl@KerryLutz.com or call us at 347-460-LUTZ.