COLLAPSE OF THE WESTERN FINANCIAL SYSTEM: Shown In One Silver Chart

The collapse of the Western Financial System already occurred years ago.  Even though the top banks continue to behave as if they are solvent institutions with functioning balance sheets, they are totally bankrupt without Fed & Central Bank intervention.

This was explained in detail in the video: FED AUDIT SHOCKER: They Came From Planet Klepto.  I posted this video on my site last month and I continue to urge readers to watch it as it provides actually data showing how the Federal Reserve propped up the top U.S. banks with trillions of Dollars in sweetheart deals.

While the majority of Western Investors fell for this scam, HOOK, LINE & SINKER, a small percentage of the population realized this signaled the peak and end of the U.S. Fiat Dollar Monetary System.  We can see this huge world-changing event take place in chart below.

This chart is one of the few I have made public from my THE SILVER CHART REPORTChart#36 shows total sales of Canadian Silver Maples from 1988 to 2014.  There is no other chart of its kind on the internet.  I broke down Canadian Maple Leaf sales in two periods.

As you can see in the chart, total Silver Maple sales were 21,398,000 from 1988-2007.  Thus, sales during this 20-year period averaged a little more than one million Silver Maples (1,069,900 @ year):

Silver-Maple-Leaf-Sales-1988-2014-new

In contrast, a total of 134 million oz (Moz) were sold from 2008-2014, at an average of 19.1 Moz a year.  Basically, investors purchased 17 times more Canadian Silver Maples a year from 2008-2014 (7-year time period) compared to 1988-2007 (20-year time period).

This huge spike in Silver Maple buying after 2007 also took place with the U.S. Mint Silver Eagle sales (chart included in The Silver Chart Report).

The massive change in Canadian Silver Maple Leaf sales can be seen by the following figures below:

Canadian Silver Maple Sales (million oz = Moz)

2007 = 3.5 Moz

2008 = 7.9 Moz

2014 = 29.2 Moz

As we can see, sales of Silver Maples doubled from 3.5 Moz in 2007 to 7.9 Moz in 2008.  However, Silver Maple sales in 2014 (29.2 Moz) were more than eight times higher than in 2007 (3.5 Moz).  This huge jump in Silver Maple Leaf sales shows that investors continue to purchase record numbers as they realize the financial system is weaker than ever.

Even though Official Silver coins sales were soft in the first half of 2015, Silver Maple sales were marginally higher than last year:

Candian-Gold-&-Silver-Maple-Leaf-Sales

According to the Royal Canadian Mint Q2 2015 Report, Silver Maple sales increased 300,000 oz from 15.4 Moz 1H 2014 to 15.7 Moz 1H 2015 (Note: 1H = first half of the year).  I would imagine sales of Silver Maples will surpass 30 Moz in 2015… if the Royal Canadian Mint is able to continue supplying the market with product.

The first chart showing the huge increase of Silver Maple sales after 2007, signified the collapse of Western Financial System.  Investors continue to purchase record amounts of silver bullion (especially Official Silver Coins), as they realize the financial system was never fixed and grows weaker each day.

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If you haven’t checked out THE SILVER CHART REPORT, there’s a great deal of information on the Silver Industry & Market not found in any single publication on the internet.  There is one chart in this report (Chart #19) that I can guarantee that 99.9% of precious metal investors haven’t seen before.

I use this bird’s-eye approach when I create my easy to understand charts.  The Silver Chart Report is a collection of my top silver charts from articles published over the past six years, and includes in-depth, never-before-seen charts and content that indicate that silver is on the rise. There are 48 charts in the report, broken down in five sections.

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27 Comments on "COLLAPSE OF THE WESTERN FINANCIAL SYSTEM: Shown In One Silver Chart"

  1. you nail it Steve – it really is quite pathetic the infrequency with which mainstream media point out that to be flatlining on 0% interest rates for an entire ‘business cycle’ – and that after trillions of taxpayer dollars was gifted to the financial industry – is evidence of a totally broken, bankrupt system
    We’re all suppose to chug along and borrow/invest like nothing has really changed? Its a profound and outrageous deception that will lead untold millions to their and their family’s ruin.

    • Seasoned_Citizen | October 19, 2015 at 7:47 pm | Reply

      Could not agree with you more, carlos. when the next big engineered financial “crises” comes, it will be Biblical in proportions.

      the “powers that be” seem to think we all just fell off the turnip truck on its way to market.

      those with PM will be owning the turnip trucks!

      • Seasoned_Citizen,

        Before many will come to a necessary level of understanding of what is going on in the world around them they have to “fall off the turnip truck”. Unfortunately so many are happily riding to the canning factory…or the pig farm…pigs eat them.

  2. Another prediction off of a chart…that will not ever happen.
    Tell me this…when will silver finally crest $20 an ounce…that’s all I want to know…!!!

    Bill H. – an American in Taiwan

    • Silver Eagle prices are about $20 an ounce now Bill, but no one knows for how much longer.

    • Bill,
      That is easy. As soon as the banking cartel stops massively shorting the paper market, loses control due to a critical shortage in the physical market or drives up the price to serve their own interest. When that will be is anybody’s guess but the day will come where owning physical PMs is all that matters. Stop worrying about the price and accumulate an asset that will protect your financial assets during the coming financial calamity.

    • The prices of PMs will go down as they are correlated to the dolar and the greenback will go up. The reset is far off as first the billionaires have to secure their wealth in a way. prof. Antal Fekete claims that in the course of time the price of PMs in dollars will disappear which means that PM may be cheap, but an alternative pricing regime will emerge.

      • how did that correlation work for you in the 1970s when gold went from a suppressed $35/oz to nearly $900
        correlation is not causation. plataeu, rise, plataeu – the better correlation to look at is golds price relationship to the Fed balance sheet – and the divergence there suggests a reversion to the mean of gold at $2000 at least (and thats before the exponential increase of the Feds balance sheet with the next crisis)

        and if the billionaris dont already have their insurance after 7 years of 0% warning bells – theyz jez too dumb for a seat at this table

      • Any historical record to that ever happening besides the last 599 fiat currencies that went to zero? It gets you to the other side. Wake up. It’s insurance. It’s a hedge against Govt failing. Which actually had a winning record like 5000-0.

      • Go up against what? Do you even know what the USDX consist of? It’s 60% weighted to the Euro another sham, the others are the Yuan lololol, do I need to go farther?

    • It passed it in 2008-2011. Did you buy any when it was on sale in 2000? Sell any when it made it to $49?

  3. Time to wipe all the Debt and start again. Cos that is the only fix for this mess that these so called think tanks will not accept.
    World poverty could be eradicated tomorrow.
    A change is coming folks that is for sure, The likes of Rothchild, Rockerfella,Warburgers, these folks are now OLD MEN and they have not much time left on this mortal coil.
    It will change, maybe we are starting to see the change take place right now as the old financiers days are coming to an end.

  4. With my silver stack, i will start up “Wheelbarrow2rent” so people can transport their currencies.

    • Before I begin I just saw on Silver Shortage, Morgan the clown. who has announced silver
      may have bottomed. Imagine! After 25 years of silver EXPERTISE this guy gives us this
      pearl of B.S. He knows nothing! Finally, we all are seeing what is about to occur. As I said
      before 99% of Americans don’t own silver and gold. If the currency collapses there will be
      riots in the streets of every town. What is about to happen is a massive devaluation of
      the currency by MASSIVE PRINTING OF MORE DOLLARS. The USA truly is too big to
      fail. All countries go through this and this is why you own silver.

    • You made me smile. That sounds like a promising venture. UberBarrow?

  5. Steve,
    I read all your post and find them interesting and very revealing. I also read blogs of Martin Armstrong
    of Amstrong Economics. His take on money is it doesn’t matter what is used and that neither gold or silver
    as money would make a bit of difference and that history proves him to be right. He says fiat or sea shells
    Isn’t the problem only the politicians and the debt which they allow is the only problem.
    He says gold will struggle even to get to 5000 dollars in price and he isn’t very clear on why that would even occur. He is a computer cycle guy and very well known for his computer program Socrates.
    He keeps berating gold and silver bugs as being duped by all who sell and tell people to buy precious metals. I don’t know how to message him otherwise I would ask him about his reasoning.
    His computer program apparently imputs data going back thousands of years and supposedly is very accurate in making predictions of events. He says all other analyst are faulty because they use
    their opinion using a very limited amount of info.
    I would like someone of your ability and others including Mike Maloney, Jim Richards, Jim Sinclair and many others debate the cause and effect of gold and silver with Mr. Armstrong and why it is better than fiat money.
    He doesn’t think so and is causing a lot of people to have mixed messages on precious metals.
    Again I appreciate your work and look forward to your analysis
    Regards
    Buddy

    • “He is a computer cycle guy and very well known for his computer program Socrates.
      He keeps berating gold and silver bugs as being duped by all who sell and tell people to buy precious metals. I don’t know how to message him otherwise I would ask him about his reasoning.
      His computer program apparently imputs data going back thousands of years and supposedly is very accurate in making predictions of events. He says all other analyst are faulty because they use
      their opinion using a very limited amount of info.”

      The mark of an egomaniac or megalomaniac is that no one other than themselves “gets it right”, and publicly broadcasting that opinion. Humility is a characteristic I admire in those that know what is going on, regardless of profession or occupation or track record.

      • David
        Tks for the comment on Mr. Armstrong.
        I think maybe Mr. Trump may fall in the same category. He definetly knows what the problems are but he sure isn’t humble about saying so humbly . Ha!!!
        I think we all have a touch of ego at times also.
        Buddy

    • Buddy,
      There comes a time when everybody has to decide for themselves what they believe. There is a wealth of information out there that tells us that Gold and Silver will protect you during a financial crisis and there is probably far more information out there trying to convince people that Gold and/or silver won’t matter and won’t help you. If you have taken any time to study monetary history you understand that ALL fiat currencies that are backed by nothing ultimately fail. The dollar will be no different. It has lost more than 95% of its purchasing power in the last hundred years and the decline of the dollar’s purchasing power will dramatically increase from here on out because of the exponential increase in the circulation of the dollar in past few years. The dollar denominated price of Gold and Silver in the future will be highly correlated to the decline of the dollar’s purchasing power and when an ounce of Silver suddenly costs $2,000 an ounce that won’t mean that you are rich it just means that $2,000 doesn’t buy very much any more. I am sure that when the rest of the world realizes that Gold and Silver are a good way to preserve your purchasing power as all currencies continue to decline in value that the purchasing power of precious metals will increase quite dramatically and you will be in a much better financial shape than those who own no metals, but in the end I view precious metals as nothing more than a tool to transfer your financial assets from one majorly flawed fiat Ponzi system to whatever comes next. People like Harry Dent who are predicting that the dollar will continue to INCREASE in value are making the assumption that the dollar will become “scarce” in a liquidity crisis as everything financial implodes. If the Central Banks of the world just stand by and do nothing while everything falls to pieces, he might be right, but history tells us that Central Banks will intervene and will likely have to print hundreds of trillions of dollars to try to keep the system afloat somehow. The system is so hopelessly overleveraged that it is virtually impossible to save it, but that won’t keep the Central Banks from trying. In the end, I firmly believe that no matter what happens Gold and Silver will retain their purchasing power (with some fluctuations along the way) while the rest of the paper financial assets (stocks, bonds, futures, derivatives, currencies, etc.) will at some point become nearly worthless.

      • AK,
        Thanks for you comments. Others should benefit from reading them also.
        Buddy

      • AK , you wrote : ” The dollar will be no different. It has lost more than 95% of its purchasing power in the last hundred years and the decline of the dollar’s purchasing power will dramatically increase from here on out because of the exponential increase in the circulation of the dollar in past few years. The dollar denominated price of Gold and Silver in the future will be highly correlated to the decline of the dollar’s purchasing power and when an ounce of Silver suddenly costs $2,000 an ounce that won’t mean that you are rich it just means that $2,000 doesn’t buy very much any more.”

        Keep in mind that in today’s terms, the physical silver price is unfortunately connected to the phony paper price. A major correction in that area alone will have to take place before a true physical price can be established. Of course this will probably happen after a major correction. Physical silver at that stage should have a greater value than that of the credit that you’re giving it.

    • Armstrong is a smart man. He advocates holding physical gold and silver and he believes the bottom in metals prices is very near. The latest date for the bottom I have heard from him is March 2016. The reason he doesn’t get along with gold bugs is because he shines a light on all the nonsense spewed by the gold bug community. You realize that you need to hold physical metal, but don’t let that mislead you to assume that everyone who does the same is correct in everything they say.

      A “gold standard”, which is a very loose term since it has been implemented in different ways, does not suddenly make bankers honest. Gold bugs would have you believe it does. Bankers stole gold and printed too much paper under various “gold standards” just as they do today.

      Personally, I think Armstrong goes out of his way to start battles with gold bugs. He makes negative statements on gold that are misleading. His favorite is to tell you that gold does not correlate with inflation. He is correct if you look at 10 or 30 years, but over 100 years there is s very clear correlation. So I don’t understand why he makes claims like that without providing all the facts.

      But to be clear: Armstrong holds physical metal and believes you should too.

      Mike

    • “Gold is just a hedge against the idiocy of the political cycle”

      Kyle Bass

      The pendulum swings, for thousands of years. You’ll need some gold and silver so you can embarass it’s turning points.

    • Lololol Martin Armstrong. Here is the biggest gag order ever on a guy they wanted dead in prison. If this guy is so wonderful why isn’t he a billionaire untouchable. His office in Delaware is a sham. Everything else is manipulated except Gold. Has he said what else could be money in this day and age? Backed by what? He wrote a paper in prison $5000 Gold and his turning point is 2016. Now all of a sudden he’s wrong and made a mistake? Snowden is on the run but this guy is free? He allows no replies on his blog. Just accolades. How come Socrates or his brain for that matter ,with so much experience in Gold did not see $1900 Gold? The questions are endless on this Trojan horse.

  6. I Appreciate your article Steve

    Well said David.

  7. As Steve has posted;

    WATCH; “THEY CAME FROM PLANET KLEPTO”. (link in article)

    This will tell you what has and is still occurring. Nothing has been fixed.

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