Attacks on Gold Retailers and Student Loan Debtors This Week

By: Jeff Berwick | Fri, Jun 10, 2011
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We have been writing here at The Dollar Vigilante for nearly one year exactly, this coming July 1st, about such things as getting your gold outside of the control of your own government and about how US student loans are an entrapment for, what we believe, will be military conscription.


Canadian Government Raids Reputable Gold Retailer

In our subscription newsletter we warn subscribers every month to geo-politically diversify their gold holdings and to keep a significant portion outside of their home country. We speak about it at nearly every investment conference and we have written about it numerous times in our Blog, including in the blog piece from last September entitled, "Get Your Gold Out of the US". Interestingly, in that blog piece we also nominated now famous, Anthony Weiner, for our IPOD (Idiot Politician Of the Day).

In that piece we warned about how the US Government was looking to "regulate" gold selling companies. Regulate is a code-word for, take-over, destroy or monopolise.

We have been warning that we expect this to happen regularly and today in Canada it did.

Kitco, a highly respected gold retailer, was raided by the Canadian province's version of the I.R.S. today. Revenu Quebec, the province's tax collector, didn't press charges but says it has "reason to believe" that Kitco AND other gold retailers have avoided paying more than $150 million in taxes.

Kitco has been a highly respected and reputable precious metals dealer for decades in Canada and it is highly, highly unlikely that they have done anything improper.

What is much more likely is that the Government has begun to crack down on gold retailers. Something we have warned about repeatedly.

It is for this reason that we advise subscribers to keep their gold holdings widely diversified amongst numerous countries, institutions, companies and locations to give yourself the best chance of avoiding being attacked and robbed by the government.

We often recommend some of the best countries and companies with which to store gold in our newsletter. Often these vaults are located in capitalist, free-market non-western countries such as Hong Kong, Singapore and in freedom stalwarts such as Switzerland.

We expect many more of these types of attacks so if you have not diversified your gold holdings - especially outside of the control of your own home government - time is running out.


US Government S.W.A.T. Team Raids Man Over Student Loan Debts

In our May 26 editorial, "The Door is About to Shut for Americans", we stated the following:

"A 2005 decree from the Bush Administration stated that student loan debt could not be dissolved through bankruptcy proceedings. The only other scenario where this "no-escape" clause exists is debt from criminal acts and debt from fraud. In other words, student loan debt is seen, by the US Government, as being similar to proceeds from crime!

What will this mean with more young Americans in student loan debt than any other time? It's anyones guess but it would not be out of the realm of possibility to force students who can not pay off their debt into the military to repay their debt."

We also commented in March about the Department of Education buying shotguns that they were soon going to crack down hard on people who owe student loans.

This week that also came true.

A man with no criminal record, whose estranged wife owed money on student loans, had his house raided by a 15 member S.W.A.T. team and was pulled out onto his lawn at 6am and put him and his children in a squad car to be interrogated for six hours (see video here).


Time Is Running Out to Protect Yourself From TEOTMSAWKI

If you have been listening to our advice but think you still have a number of years to square your affairs before The End Of The Monetary System As We Know It (TEOTMSAWKI) you are taking inordinate risks tantamount to standing in the middle of the track at a live NASCAR race and thinking you might have a few minutes before you get hit so why rush.

We here at TDV are tracking all of the geopolitical actions that appear to be all aligning for what could be one very hot summer. With QE2 scheduled to wrap up on June 30 the US Government will likely be targeting a major event on or around that date to take the public's mind off of its outright bankruptcy. What form this takes is anyone's guess. A forced default by Greece leading to a Euro crisis? An attack on Iran, as has been planned for the last decade and with the US now having Iran practically surrounded?

Target Iran

Or perhaps another false flag attack in Europe or inside the US?

If you haven't yet moved to get significant assets outside or the financial system and outside of the control of your home government you should run, not walk, to do so.

And if you don't have significant assets you should be looking at investing anything you have into items such as precious metals and gold stocks now. If any of the above occurs we could see 10,000%+ type gains on gold stocks and 1,000%+ gains on precious metals.

We think this is going to be one long, hot summer.

 


Subscribe to The Dollar Vigilante today to learn how to protect yourself and prosper during the coming collapse of the US dollar based financial system and collapse of the US Empire.

 


 

Jeff Berwick

Author: Jeff Berwick

Jeff Berwick
Chief Editor
The Dollar Vigilante

Jeff Berwick

Anarcho-Capitalist. Libertarian. Freedom fighter against mankind's two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world's freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.

Jeff's background in the financial markets dates back to his founding of Canada's largest financial website, Stockhouse.com, in 1994. In the late '90s the company expanded worldwide into 8 different countries and had 250 employees and a market capitalization of $240 million USD at the peak of the "tech bubble". To this day more than a million investors use Stockhouse.com for investment information every month.

Jeff was the CEO from 1994 until 2002 when he sold the company and still continued on as a director afterwards until 2007. Afterwards, Berwick went forth to live on and travel the world by sailboat but after one year of sailing his boat sank in a storm off the coast of El Salvador. After being saved clinging to his surfboard with nothing but a pair of surfing shorts left of all his material possessions he decided to "live nowhere" and travel the world as spontaneously as possible with one overarching goal: See and understand the world with his own eyes, not through the lens of the media.

He went on to visit nearly 100 countries over four years and did and saw things that no education could ever teach. He met and spoke with a plethora of amazing people, from self-made billionaires to some of the brightest minds in finance - as well as entrepreneurs from a broad range of backgrounds and locations from tech companies in southern China to resource developers in Mongolia, Thailand, Russia and Chile. He also read everything he could find on how the world really works... politically and financially. A pursuit he continues to this day.

He expatriated, long ago from his country of birth, Canada, and considers himself a citizen of the world. He has lived in numerous locales since including Los Angeles, Hong Kong, Bangkok and currently lives in Acapulco, Mexico and is building a home in Cafayate, Argentina. In essence, everything he writes about here for TDV he has done or is doing.

As well, during his travels, both real and virtual (through the internet), he met some amazing people who have a similar shared vision of what is currently going on in the world and enticed them to come aboard TDV and provide their own brand of analysis.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
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