Comment: Still looking for that final

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Still looking for that final

Still looking for that final bear trap of silver to 25.00 to 26.00 per ounce. Once that price, what ever it is in that range hits, watch out. PLEASE GUYS.... PREPARE. STORAGE FOOD, MEANS OF PROTECTION, SILVER GOLD, WATER, ETC ETC ETC... PLEASE PREPAIR.

I remember back in the old days here on the daily paul, JZNEFF thought he was the economic guru. We used to get into it about derivatives. I had always claimed there was over a quadrillion, He always claimed there was only 700 billion. Now I know why.

My Dear Extended Family,

Courtesy of

Today Jim Sinclair warned King World News that something clearly has Western central banks terrified right now. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.

Sinclair: "This is all because of the one quadrillion dollars in derivatives that are in the financial system. Six years ago the Bank for International Settlements (BIS) at that time reported that the amount of derivatives already outstanding exceeded one quadrillion dollars. This number is unimaginable to most human beings.

But that is the actual number (over one quadrillion dollars). They never should have released that number because it created a bit of panic. Central planners immediately changed the accounting method for derivatives and this appeared to bring the total amount down to under $700 billion. So through the use of an accounting gimmick the total was reduced, but it hasn't changed the frightening reality of what the world is facing....