Relevant:
- Mylchreest: Fractional reserve gold banking system 92x leveraged; may be breaking down
- Nomi Prins: No Saving This Global Financial System
- Is Gold A Giffen Good? - Paul Mylchreest
- Paul Mylchreest's Latest Must Read Report: Gresham’s Law Squared – Gearing Up For Game Over
- A decade into gold's ascent, Financial Times concedes its legitimacy
2012-07-10 — gata.org
Paul Mylchreest's new Thunder Road Report... describes gold as being in "lockdown," presumably by central banks straining to maintain their market-rigging power.
... Mylchreest "believes we are heading into a truly mega-financial crisis. He foresees the financial decimation of the middle class and reckons the crisis is going to result in the transition to a new financial system as the current one implodes. His best guess is that it will be either happening or perfectly obvious that it's going to happen within six to 12 months."
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