Mike Maloney on the Fed's Gold Trap and the End of the Dollar

Here's what's in your Prime Interest today:
The London Whale has escaped the prosecutorial net! Bruno Iksil-- the JP Morgan Chase trader who earned himself the nickname after a six billion dollar trading loss last year-- is off the fishing hook, so to speak. He reached an agreement with US authorities yesterday. So, it looks like the mainstream media successfully floated his freedom. But now it seems federal authorities have other fish to fry. Today they moved up the food chain, charging Iskil's former boss with wire fraud and a conspiracy to falsify records. The decision not to go after Mr. Iksill may prove important to the case, as it is likely he will be used as a witness for the prosecution. Let's see how far they can swim upstream.

And don't break out your taper hats just yet. A sequester squabble could put a damper on the Fed's plan to wind down QE. According to economists at Bank of America and Barclays, the risk of a government shutdown this October may delay any tapering moves, especially if Fed officials are on the fence. And if you are in Jim Rickard's camp, who believes the Fed will taper in September or never, then QEternity may just become a QReality. Bob talks about the unprecedented expansion in base money with Mike Maloney, founder of GoldSilver.com and creator of the Hidden Secrets of Money.

Plus, billionaire activist investor Carl Ichan is at it again. This time he is snapping up Apples, rather than nutrition supplements. He has taken a large position in the tech company and is pressing for a greater return of cash to shareholders. Ichan's plan is for 150 billion in Apple stock buybacks. However, most of the company's cash is held overseas-- remember that little issue? Looks like Apple's Irish tax scheme might not be so tasty to the dietary supplement King. Perianne profiles the mega-Ichan.

Finally Bob talks to RT Correspondent Meghan Lopez about a recent drone conference -- where no one was actually allowed to say the word "drone."

Seven Stages Of Empire - Mike Maloney ~ Silver & Gold - Hidden Secrets Of Money

Bonus videos: http://goldsilver.com/hidden-secrets-... So there you have it folks, the Seven Stages Of Empire. Rather than write about the video itself and undo the simple elegance of Mike's explanations, I thought I'd come from a different angle -- what you can do to help us. The good news is that it is actually pretty simple. If you enjoyed the video and got something from it, please share it with your friends and family. That's it. There's no 800 number, no phone calls for donations, no pledge drive...just a couple of mouse clicks is all we ask in return for providing this educational series. Please Facebook it, tweet it, email it, whatever you can...these ideas need to be in front of as many folks as possible. Your help in sharing these videos helps us immensely. Even just clicking the 'Like' button above is great google juice that adds up to more people understanding how they are being screwed.

As you would have heard at the end of the video, Hidden Secrets Of Money is funded by proceeds from GoldSilver.com, of which Michael Maloney is CEO. I'll be forever grateful to Michael and our team for investing such a huge amount of time and energy in this series. Most companies would have locked this content down to their own website and charged a fee for viewing it in able to recoup the expense, but GoldSilver.com insisted that it be free for everyone to see. The reason for this is that the series fits GoldSilver.com's Mission Statement like a glove:

To transform economic storms into opportunity and prosperity for all who will listen.

The Monetary System is Doomed to Collapse , Gold & Silver are The Ultimate Money ~ Mike Maloney

Gold is the ultimate money. To say that 'money is useless' is to say that progress is useless. Humans invented money to overcome the restrictions of the barter system. Gold won't collapse - however currencies will...which I think you are confusing with money.


Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next deacde...short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.