Welcome to Illuminati Silver, we tell you the truth about silver.
Today is Thursday 3rd September 2015 and we are going to comment on the IMF warning issued
today.
Now before we do this, we wish to make a comment.
Many people have asked us, why are we producing these videos?
Some have accused us of being part of a New World Order Plot to keep gold and silver prices
down.
Others say we are investors trying to talk the price down so we can buy more at lower
prices.
Others claim we are imposters just trying to make a name for ourselves.
Well frankly we could be any of the above, all three or none.
We claim we are here to enlighten you.
We claim we are here to help protect you against the pumpers who have lied to you for years.
We claim we are here to help you navigate through the precious metal mine-field and
hopefully profit by doing so.
Should you believe us – that’s up to you.
We try where we can to quote authoritative sources.
We are bankers, financial advisers, wealth managers and economists by profession.
This does not mean we will always be right, but it does mean, we don’t have a precious
metal company to promote or large stocks of gold and silver to offload that we have purchased
at higher prices.
People who say we are trying to talk the price down are just conspiracy theorists without
any sense of logic.
Let’s assume for a moment we manage to obtain 3,000 subscribers and let’s say that we
manage to influence all 3,000 of them not to buy silver at these levels (which we can’t
incidentally) Do you honestly believe that those 3000 people will make a difference to
the silver price.
Of course they won’t and that is how ludicrous our critic’s arguments truly are.
So lets get back to the IMF.
Published on BBC News today and we quote: “Chinese stock markets have been falling
since mid-June and the government unexpectedly devalued the yuan on 11 August.
Many believed the move was an attempt to make Chinese exports more competitive.
However, US Treasury Secretary Jacob Lew warned China against manipulating its currency to
give its exporters an unfair advantage.
"We are going to hold them accountable," he told CNBC.
The IMF is also concerned about the impact on global growth if the US Federal Reserve
raises rates later this year.
The Fed, which could decide to lift rates when it meets on 16 and 17 September, should
keep its decisions "data-dependent", the Fund said that’s the IMF.
Analysts at Societe Generale said: "The IMF clearly doesn't think raising rates against
the modest global growth backdrop is a good idea."
More broadly the IMF recommended that advanced nations should maintain very loose monetary
policies and "growth-friendly" fiscal policies.
That meant the European Central Bank should extend its asset-buying programme unless inflation
rises sufficiently, the note said.”
So there we have it, the IMF wants Quantitative Easing or QE and does not want the US to raise
interest rates.
We produced earlier today a video on this very subject, and we can see clearly, that
the rest of the world is putting pressure on the FED not to raise interest rates later
this month.
Now we feel we must repeat our mantra- and it’s this - the world is entering a period
of deflation.
Demand is down.
This means production has to decrease.
Prices will therefore fall.
Like it or not, this will also include gold and silver, and in our view especially silver
as more than 50% of it is used by industry, There is no conspiracy to ‘talk the price
down’ and yes miners will struggle with a lower price, and their first reaction will
be to mine more, to aid cash flow.
So all of those pumpers who tell you there will be a shortage tomorrow are frankly talking
through the top of their heads.
We hope you have found this video useful.
If so, please give it a thumb up, comment and if you haven’t already done so, please
subscribe.
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Disclaimer: Silver Illuminati owners come from a background
of Banking, International Wealth Management and Economics.
Having now retired from these worlds we are not qualified to give investment advice.
Therefore, this and other productions must not be deemed to be giving such advice and
merely represent the personal views of its owners.