Force Majeure [Default].....................from Rico

The excuse will be something along the line of "Who could possibly have seen this coming? It is beyound our control."

- Insert any reason, and get Force Majeure [for Keynesians: default.]

The estimable Andrew MaGuire has said the Precious Metals 'ambush. this past Friday and Monday was driven by an imminent default on London's LBMA, if not an actual default because they are out of metal.

Others no less expert are suggesting there is a default coming on the COMEX and all physical deliveries will be halted, and all contract settlements will be in fiat paper.

Sound impossible? Remember the Dutch megabank ABN Amro?

- They announced a halt in ALL physical deliveries at the beginning of this month (a couple weeks ago), and commenced settling in paper fiat. [again, for Keynesians: default.]

At this point, you either own physical bullion...or you do not. The door is slamming shut, and there will be NO possibility of acquiring any physical bullion once it does.

- Hide your money in a bank for safekeeping? Say "haircut."

- Hide your money under a mattress? Say your government just reduces it's value overnight (to fight terrorism, drug trafficking, or the black market...whatever; you will be cheated out of its value).

- Hide money in government bonds (debt)? What cannot be paid back, will not be paid back.

- Hide money in stocks? Hardy-har-har. Stocks can (will) crash.

- What's left? Physical bullion, but soon you will not be able to obtain any at ANY price.

Talk about a classic "heads I win, tails you lose" with the banksters!