SRSrocco: Americans continue to funnel a percentage of their income into the biggest Financial Ponzi Scheme in history. The manipulation of the metals on the exchanges is a very small part of controlling Americans into staying into this system. Because, as you know, a Ponzi System continues to need further income, further inflows, for it to sustain itself. It’s in the best interest for the Fed to keep that system going. That to me is where the majority of this bamboozling or brain-washing is taking place.
I think events are starting to heat up. When you start adding the peak of production of U.S. production, oil production, global oil production, when you start to notice how the economy and the markets are behaving… The stock market is dealing with these huge convulsions in the last week or so of up and down of 200, 300, 400 points. There is a lot of volatility now. It looks like something is going to break. My view, and I’ll conclude this whole statement with this … You can purchase physical gold and silver up to the point when the paper markets crash and after that I think it will be very hard to find any.
Interview link Here: SRSrocco Interview with MoneyMetals.com
SRSrocco Interview With Mike Gleason at MoneyMetals.com
I sat down with Mike Gleason at MoneyMetals.com to discuss some recent events including the coming Collapse of the Global Paper Ponzi Scheme due to a peak and decline of cheap oil, global gold investment demand trends, First Majestic’s sales suspension of 35% its silver production, production costs in the primary silver mining industry and the reason why the Fed & Central Banks cannot continue to manipulate the paper markets for decades as many believe.
Mike Gleason: It is my privilege now to be joined by Steve St. Angelo of the SRSrocco Report. Steve is an independent researcher and investor who follows the precious metals and energy markets like few others and has one of the very best content-based websites in our industry and it’s great to get a chance to talk to him. Steve, thanks for coming on the program today.
Steve St. Angelo: Yeah, hey Mike, it’s good to be here.
Mike Gleason: I’ve got a number of things I want to discuss here and we’ll bounce around a little bit. I’m going to try to cover a lot of ground with you, but I want to start out by examining a mind-numbing theory that you have been talking about on your site, and that is the idea about how cheap energy is simply paramount to the existence of our current economic system. I’ll quote one of your recent articles here. You wrote “The peak and decline of cheap oil will be DEATH on the fiat monetary system, especially the U.S. dollar.” Expand on that and also give our listeners an idea about what your research shows about global oil production, and how close we may be to peak oil, and then the ramifications of significantly higher energy prices.
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