Michael MacDonald - The Silver Bomb: The End Of Paper Wealth Is Upon Us

About the Authors

Co-author Michael MacDonald is a precious metal analyst, writer and the founder of Wholesale Gold Group.

Co-author Christopher Whitestone is a financial writer, entrepreneur and Vice President of Wholesale Gold Group.

T HE S ILVER B OMB - The End Of Paper Wealth Is Upon Us

Publisher Information

This is a First Edition Paperback version of The Silver Bomb - The End of Paper Wealth is Upon Us published April, 2012 by Michael MacDonald and Christopher Whitestone.

This book contains the complete text of the eBook version.

This book may not be reproduced, in whole or in part, by any means whatsoever, without the express, written permission of the authors.

Acknowledgements

The undertaking of this effort would never have been possible but for the instantaneous flow of timely information available on the World Wide Web. This book is a sampling of the voice of the stream, as it is drawn largely from the dawning awareness of endless Internet authors, editors, researchers, reporters, market commentators, traders, bloggers, and observers. These voices comprise the greater part of the balancing competition to the status quo mindset of the managed and monopolistic mainstream media and are therefore indispensible in the unfettered search for what is true. In as much as is possible, the authors of this book would like to thank each and every one of them. Unfortunately, that is not practical, as the number of individuals whose impressions and understandings have contributed meaningfully to the larger dialogue touched upon in these pages is absolutely immense.

The ability to access official, particularly governmental websites has also been indispensible. Our gratitude is extended to all those in government service who seek to maintain and improve the transparency of government, particularly those who understand the essential need for freedom of information.

The authors would also like to thank all of the Internet freedom and privacy advocates who continue their struggle against the on-going governmental threats of draconian surveillance, censorship, and silencing of the Internet.

We would like to thank and credit every one of our family and friends, neighbors and co-workers with whom we have shared ideas and who have shared with us. We particularly would like to thank our beloved wives whose input, assistance, patience, support, and understanding was critical in creating an environment that was conducive to the writing of this volume. Most of all, we would like to thank our Creator who has endowed upon us the inalienable rights to life, liberty and the pursuit of happiness.

Dedication

to Francesca and to Lena

and

the children of all ages, to whom the future belongs

Quotations

I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.

If the American people ever allow private banks to control their currency, first by inflation then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.

-- Thomas Jefferson

There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved.

-- Ludwig von Mises

The phantom money printed out of thin air isnt worth the digital paper its not printed on.

--Gerald Celente

Itll be the investment of this decade its only the beginning of things.

-- Eric Sprott (talking about silver)

Table of Contents

Like in the iconic scene from The Wizard of Oz , the imposing curtain has been jerked back and all who dare to look inside can see the phony, manipulated charade that the financial system really is. The average person is beginning to see the handwriting on the wall in the form of current events like the Feds profuse money printing, euphemistically referred to as Quantitative Easing, and in Moodys heretofore unheard of de-rating of the USAs credit score. The financially-influenced mewling of the otherwise muted mainstream media is no longer able to pacify an increasingly awake audience, no matter how many times, for example, the myth of a bail-out boosted recovery is touted. The official story of the way things are supposed to work financially has all but lost its credibility.

The only thing that is consistently, not only holding its value, but also steadily delivering a positive return on investment is precious metal, particularly silver and gold. A paradigm shift is now underway in how people everywhere in the world view paper money, especially the ailing US Dollar. Several nations of the world are now favoring physical gold as a medium of exchange, notably for the sale and purchase of oil. Moves have begun to abandon the US Dollar as the world reserve currency and exchange rate standard against which the values of all currencies are fixed.

Banks have lost their position of trust and favor as they ask too much of the populace. The growing sentiment is that the banks seem to presume that the public is obliged to come to the banks rescue, in between being there only to surrender their wealth as depositors and investors. The monolithic central bank is beginning to show signs of imminent fracture. Ice-breaking efforts by outspoken Legislators and vocal, populist constituencies inside the US include public calls for, at a minimum, a complete third-party audit of The Federal Reserve, the nations central banking system. Market downturns and banker bailouts, combined with soaring prices and a deluge of disconcerting financial news have eroded consumer confidence in the ability of the US Dollar to reliably function as a secure store of wealth.

This book is about the prominent role silver will play in the return to metal as money. This is not a book about some predictive financial philosophy, but rather a frank, no-excuses glimpse at the current state of things, and an honest, candid look at logical outcomes. The prestidigitations of central banking, which have until recently been shielded from scrutiny by a cloak of pro-banking cultural bias, are laid bare within these pages. Intimidating and complex financial and historical connections, no matter how deep down the rabbit hole they first may seem to be, are plainly exposed by the application of good strong light and close inspection. Formerly unquestioned fiat currency and fractional reserve banking policies and their inevitable and historical results are brought out in the open and revealed. The truth-is-stranger-than-fiction world of manipulation of the precious metals markets is opened up so that all may see inside. The focus of this book is not to persuade anyone that all of this has happened, or that it continues to happen. What is revealed here is that it is occurring in conjunction with other events of human history to create a never seen before eventthe inevitable explosion of The Silver Bomb . And most importantly, practical actions and solutions are offered which will help the reader prepare for what is already upon the horizon, the end of paper money backed by nothing, and the return to metal as money.