Even the thieves are starting to get it

Since we are definitely small fry, below is a brief presentation by a bona fide big shot that backs up the more detailed analysis found in The financial system is based on twelve promises that are lies.

The presentation is from a former top thief hedge fund manager who retired in 2004 and now sells a newsletter for other thieves Big Money investment managers that is so expensive that we mere mortals don’t normally get to hear what he says. But yesterday the slides from one of his recent presentations were made public on Zero Hedge. One interesting note: this is from a very successful career trader with a very successful trading newsletter, that is, this is someone who knows enough about how the system functions to out-trade the rest of the thieves. He says that people have six months left to trade and then:

“That is the end of the fractional reserve banking system and of fiat money…

We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses. Spend your time looking at the risks of custody, safekeeping, counterparty etc. Assume that no one and nothing is safe…

As defaults in governments and banks come to fruition, we risk a closure of the stock markets entirely and a closure of the banking system…

There would be no trade finance, no shipping finance, no finance for farmers, no leasing, no bond market, no nothing……

All that is left is the Dollar and Gold.”

That means the physical stuff you can hold in your hand, folks. Not numbers printed on an account statement.

And the Dollar is fiat money. While its physical form will likely be in use longer than its electronic versions, at some point few will want that physical form either.

Here is the presentation by Raoul Pal: The End Game.

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