Will it be 2014, 2015, or 2016? I don’t believe it can be delayed beyond 2016. At most,that is just 36 months away. The actual U.S. Liability level stands at $220 Trillion and is growing. It IS the elephant in the room that nobody is talking about. In the meantime, gold, silver, and related stocks are relatively cheap… especially the stocks. For those with cash on hand, they may be able to pickup some real bargains now. Gold is hated by the mainstream media. When you look back at past financial media orientations, they tend to be an indicator of when to focus on the next stock category to appreciate in value. Oil stocks were hated when Chevron was selling for $55 per share. Today it is at $122.84. Now it is loved by all.
Various governments around the globe are changing the banking laws to use the “bail-in” strategy. This means that depositors will take on risk of bank failure instead of the governments. This would lead us to believe that those looking behind the curtain, expect major failures soon. The only question is “when”.
The price of gold was reset in the past in terms of the U.S. Dollar:
In 1934, Roosevelt reset the price of gold from $20.67 per ounce to $35.
In 1971, the price was reset from $35 to $38.
In 1973 the price was again reset from $38 dollars $42.22.
Right now, the price is just under $1,200. I expect to see another overnight revaluation and expect it to be epic in proportion to these past resets. How else can you deal with the $220 Trillion in liabilities that are demanding a reconciliation?
Will Congress tax the windfall profits of those preparing for the reset? Most likely. With all the suffering expected due to the epic decline of the Dollar, they will want to show those in pain that they will go after those who profited from the pain. It seems a little perverse to be the one who caused the problem, then point at someone else who figured out how to protect himself from the problem and the guilty. Oh well, the innocent will once again suffer the consequences for the guilty. Thankfully, Our Heavenly Father’s scales of equal weights and measure will insure a proper accounting in the end.
No matter what year the great reset occurs, it will be a wild ride. “Cowboy up” as they say at the rodeo.