Silver Video Goes Viral
Thank you to everyone who helped share our latest video!
The video in the last 24 hours has received over 53,000 views and has been featured on SHTFplan.com, GoldSilver.com, ZeroHedge.com, MaxKeiser.com, DollarCollapse.com, GATA.org, SGTreport.com, WealthWire.com, and hundreds of other sites.
Including an email and tweet from the Silver Guru himself, David Morgan of Silver-Investor.com. By the way, anyone who likes silver NEEDS to subscribe to Silver-Investor.com. Our staff is not only a regular reader, we also pay for the special member area which we also HIGHLY RECOMMEND.
Latvia’s largest bank fights off depositor run after rumors of imminent collapse!
Before we even start this, where the hell is Latvia? Oh you mean the country that borders Estonia and Lithuania, like that helps. All joking aside, the situation in Europe is serious.
Latvia’s largest bank scrambled Monday to head off a bank run among depositors who were gripped by rumors of an imminent collapse. Weekend rumors that Swedbank was facing legal and liquidity problems in Estonia and Sweden sent thousands of Latvians to bank machines on Sunday, with some lines reaching as many as 50 people.
So far the rumors have been contained to Latvia and did not spread to neighboring countries, however, this only adds to the tensions we are seeing in Europe.
Already the plan that was supposed to save Europe last week (like the 15th one), which caused the market to rally, is starting to fade. Investors are now worried that last week’s measures that were announced to ease the euro-zone crisis will fail, causing many to flee into the dollar and sell commodities.
We think Rick Rule of Sprott Money put it best when we interviewed him a few weeks ago, [su_quote]Investors are moving from a less liquid lie (Euro) to a more liquid lie, the U.S. dollar.[/su_quote]
This Week’s Special Report
FutureMoneyTrends.com will have a full and complete macro-economic update later this week. We encourage all of our new members to visit our articles and videos page on our website FutureMoneyTrends.com.
India and Gold
According to industry estimates, around 200 metric tons of gold have been used as collateral to raise loans. This is very encouraging as it is proving that gold is indeed once again becoming the markets’ reserve currency. For more on this article, please visitEconomicTimes.IndiaTimes.com