Article written by Harold Turner

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Several people have noted that according to the US Debt Clock, the ratio of gold and silver to the US dollar has been at “ZERO” for about a week. Here. Look:

This is the statement I received from my former colleagues in the intelligence community:

“M2 money supply has turned negative in the last week. That is why the ratio of gold and silver to the US dollar is 0 on the usdebtclock.

The “M2” is defined as:

M2 is composed of M1 plus (1) small denomination term deposits (term deposits of less than $100,000) less individual retirement account (IRA) balances and Keogh balances with depositary institutions; and (2) retail money market fund (MMF) balances less IRA and Keogh balances in MMFs.

A negative M2 money supply means that all money in the system is decreasing, so there is less money in current accounts, savings accounts, pensions, 401Ks, etc.

Why is that?

We’ve hit the debt ceiling so the US government is tapping into all sources of liquidity as it needs to keep spending. The first thing to be tapped was civil servants’ pensions.

When was the last time this happened?

The corresponding calculation of a negative money supply has not existed since the Great Depression. It started in 1929 and lasted until 1939. Since then, it has hit zero a few times due to quantitative tightening, but has never turned negative.

So what’s next?

The government will continue to seek other sources of funding. She will seek other pensions and all liquid assets such as personal investments, savings, etc., while at the same time halting spending and salary payments, withholding tax returns, suspending benefits, etc.

We will then enter a deflationary cycle, meaning prices will plummet as people seek liquidity; they will sell cars, houses and other assets.

Next, the banks will go bankrupt. They will then use their “bail-in option” and empty bank accounts to stay afloat.

Eventually we will see a massive increase in the value of real assets like gold, silver and maybe – (a very questionable maybe) bitcoin.

We then move into a massive depression.

This will all happen very quickly.

My former colleagues then told me: “Buckle up”.

This is why the powerful are pushing for World War III. The whole system is collapsing and they need someone – besides themselves and their uncontrolled spending – or something to blame.

Source: Hal Turner

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