Reluctant Preppers, Released on 10/9/18
You’ve heard the adage, “If you don’t hold it, you don’t own it,” and you may be wary of keeping “money in the bank,” or “owning” stocks through a brokerage, or shares of “precious metals funds” like GLD or SLV due to concerns about third-party risk, layers of indirection that pose barriers to real ownership, and even “re-hypothecation” (multiple-claims against the same assets.)
But what you haven’t been told is that your wariness puts you in good company – with the largest banks, major US bond holders, and even sovereign nations. The recent actions of these massive players reveal that they are secretly distrusting each other, and especially distrusting the validity and integrity of US Treasury bonds and US dollars, drying up liquidity and spiking inter-bank lending rates, and forcing the crisis bond repo bailout by the Fed.
Bix Weir, founder of RoadToRoota.com, has been in the finance industry for 30 years, and advocates for awareness about the Fed, gold, and cryptocurrencies. Bix answers YOUR viewer questions on what’s going on with our crisis-bound financial system!
Bix Weir has 30 years’ experience in the financial industry with various fortune 500 companies. He is the creator of the “Road to Roota Theory” and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to pull the curtain away from the Cabal of International Bankers that has taken control of our free market system.