Chilton: Boom, Boom Out go the Lights on September 30th!
Over the years I've been called a 'fear monger" on more than one occasion. I have no problem with that because we all SHOULD be afraid of what's about to hit. More and more people have come to understand and recognize what I've been warning about for years but some still refuse to see reality even as it stares them right in the face.
Bart Chilton?...well. What can we say at this point? Has total lawlessness taken hold now that Bart couldn't get that conviction he wanted in the silver manipulation case? Maybe...but the following statement released last Friday night (from out of the blue) may just be Bart's final "I told you so!" moment...
Boom, Boom, Out Go the Lights
Statement of CFTC Commissioner Bart Chilton
September 20, 2013
On September 30th, at the stroke of midnight, our country will face a government shutdown unless a continuing resolution to fund it is adopted. That would be grave news for consumers.
Under a shutdown scenario, government regulators will be handcuffed in our ability to go after crooks who are trying to evade our oversight and protection of markets. You can bet the "do-badders" are licking their chops.
The dark markets that Dodd-Frank brought into the light of day will go dark again. The lights will go out. Given the huge growth in the derivatives industry and our new oversight of swaps, CFTC's market oversight functions are more important than ever. Taking our cops off the beat for even a few days could have disastrous impacts on these markets that consumers depend upon.
In the longer term, I remain concerned about the stagnant budgetary circumstances and am convinced that a targeted transaction fee on trading, like the one the President has proposed to Congress, is needed to fund the agency and keep the markets safe. But for now, let's avoid a "Boom, Boom, Out Go the Lights" debacle, and hope a deal can be reached to keep the lights on.
http://www.cftc.gov/PressRoom/SpeechesTestimony/chiltonstatement092013
END
There is no doubt in my mind that we are approaching the abyss that Bart is hinting at. The chaos that transpires from there will both test our resolve as well as our strength to endure as a species...yes, it is that big.
Imagine an economic system with NO watchdogs. No cops on the beat. No one to stop manipulation. No one to stop the Bad Guys from stealing all your wealth. Stealing all of the gold and silver in every ETF warehouse. Stealing all your ASSETS for that matter. In a nut shell - orchestrating their END GAME.
We shall see what happens in the coming weeks but for me it all screams one thing...
GET OUT OF THEIR SYSTEM WHILE YOU STILL CAN!!!
Physical silver, in your hand, out of their reach is the way to go.
May the Road you choose be the Right Road.
Bix Weir
