"A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson
“There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals.
“Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone?
“But just pass the kind of laws that can neither be observed nor enforced nor objectively interpreted-and you create a nation of law-breakers-and then you cash in on the guilt.” -Ayn Rand
“Brad Setser, former acting director of the Treasury Department’s Office of International Monetary and Financial Policy, told the panel that after the recent Fannie and Freddie developments “it was quite clear that there was a very high level of concern” among Chinese bankers.”
It's not just politicians James. Some of them, most, are just plain stupid, unaware of the greater plan - they are followers. The intelligent ones are mostly "bribed into obedience"
For months I sat back, and watched the entire world get screwed over the price of oil, and the price of commodities, all down to the power of Wall-Street finance, and over leveraged Hedge Funds.
Millions, probably Billions, reduced to poverty, and eating scraps, to satisfy bloated parasites. And all with political acceptance, at least among the powerful.
We know who pull the strings, and we know who the puppets are. Politicians are involved at a level, but there can be only a small %age who can put it all together, - the Grand Plan.
Now it's unraveling under its own financial contradictions.
Quietly in early August, '08, The ECB and China Central Bank sold gold, and bought $, because the "system" was on the point of collapse. (The link was in a German language newspaper, - but now I can't find it) It was before the ECB August decision on interest rates, but the press were barred from asking questions about the bailout, at the later press briefings.
Foni and Fraudi were part of the payback, only part.
Now the $ is being goosed, and PMs and commodities trashed. Commodity countries, Aus, Brazil, SA, etc bouses and currencies are falling. The positional change was coordinated by Bernanke and Paulson, with probably the Chinese Bank, The ECB, and maybe the BofE in connivance. Many hedgies were busted in a matter of days. Paulsons hedgie friends were in and prospered.
In truth, the positional change made economic sense. In fact it also demonstrates the power of unconstrained, over leveraged hedgies. Now most that leverage is dust, gone , pow!
The ECB is happy with the fall against the $, very happy.
The flight to the $ is presented as "logical" at a time of international tension, in Iran and Georgia, and we also know the characters behind the scenes who originate the international tensions!
Note how Wall Street crashed higher in the closing yesterday? It did the same last week! Something happens this weekend, - probably!
Whether it can all be held together until after the election, - who knows.
Grand Plan Grand Opera Billions suffer. And for What? There just has to be a reckoning!
James, You have asked about gold previously, as investment. I have mentioned briefly that it is manipulated. Some clown said it wasn't.
So here is a quote.
"Gold gained about $10 in early morning trading in the Far East on Thursday, but that vanished the moment London opened, and the lows of the day were at the London p.m. fix. Silver’s chart was similar. The HUI was down a bit, but gave it the old college try in its attempt to finish in positive territory. Although the prices of both metals were down, it was a pretty constructive day from a technical point of view.
I note that South Africa’s gold production in July was down 16.4% y/y. Physical gold demand continues to be off the charts. In a story posted at Kitco, dealers reported a shortage in gold bars in Singapore and Hong Kong. Indian premiums yesterday were “hugely above import point” according to the usual NY commentator. My bullion dealer here in town is currently quoting January delivery on new silver orders.
As I’ve said many, many times…physical supply or demand mean absolutely nothing when it comes to price! 90% of price action is determined by the interplay between the tech funds in the Non-Commercial category (of the COT) and the ‘2 or 3′ U.S. bullion banks in the Commercial category…who’s buying, who’s selling, and how much. Nothing else matters.
In another piece of interesting news, I see that (unlike the GLD ETF) there was no change in the SLV ETF yesterday…despite the fact that the silver price got creamed all week. Maybe they’ll show a drop in it today. But it’s pretty obvious that the market now has a different set of rules that apply to physical gold…than those that apply to physical silver. And so they should. That should tell us a lot.
I got an e-mail question yesterday that I want to share…and I get this question all the time. Hopefully, neither I (nor Ted Butler) will get it again if I answer it in public too…”Why is the CFTC doing nothing? I thought they are the regulators.”
Answer: They’re supposed to be, but they’re not doing their job. Their real job is to protect the shorts in gold and silver…and other markets of interest. The chairman of the CFTC is a member of the President’s Working Group on Financial Markets. He does what he’s told to do…and he’s doing what he’s being told to do right now!
So there you have it. Presidential orders are to protect, (ignore) the 2 or 3 banks with massive short positions in the futures of gold and silver metals, positions that are so large that they are absolutely manipulative, and incidentally illegal.
How long will the President’s Working Group on Financial Markets exist? Who knows. How long before a silver, or gold exporting country, with costs higher than current prices, (and there are a few) will say to the US, no more exports to your country? Many industrial users need silver! Who knows. How long before miners get together, open their own market dealing system, which excludes these parasites? Who knows. In as far as PMs are regarded as competition for the fiat system, which under the Fed abuse has totally failed, it is important that PMs are crushed. Their decline has matched that of ordinary commodities recently, and they have been manipulated in this way. They have been made to appear as other commods for that reason. This is not capitalism. This is corruption. The point when GS short position on PMs is exceeded by its long position on PMs is the moment to watch for.
There just has to be a reckoning. Millions of retail investors have been reamed. Dozens of legitimate mining companies are now in trouble, unable to raise finance. And the laws of supply and demand thrown away.
All for the GOP, the Fed, and a tribe of criminal parasites.
Not sure, but it's possible Anon refers to this link.
The leader reads: China secretly buys Dollar. ECB secretly sells gold amounting to 500 million Dollars. Consequence: gold down, Dollar up - in agreement with US-treasury secretary Paulson.
The reference to open positions: Institutions have pre-set prices at which they buy, or sell, financial entities. Knowing these, sales of these entities can be triggered by organised selling which triggers a cascade of computer driven action, that can destroy, or benefit whomever the Fed chooses.
Can't happen? It is being done now! - but not in so an "informed " way, but certainly by "market makers" on COMEX.
Firstly, in reference to the previous post, this effectively means that if the Fed gets this oversight, they effectively can legally control the price of any instrument. TOTAL FINANCIAL CONTROL OF GLOBAL MARKETS BY A PRIVATE BANKING CARTEL And that means oil, all commodities, food, all equities, everything that is traded globally. Be very afraid! --------------------------------
Hi, Jean. I was beginning to think I was all alone! Nice to see I'm not.
That wasn't the exact link, but the same content. Many thanks.
This is the link to Trickies comments in Sept. Note, no questions on the gold sale! Here
The link seems to open half way down the page. Tab up to read the entirety.
The unfortunates shown in the photo were not hanged but subjected to the slow strangulation of the American Standard Drop. The link below explains the relative humanity of the British system: http://www.capitalpunishmentuk.org/hanging2.html#standard
And to all those thousands (smile) who still don't believe that markets can be manipulated, read the following link.
But before that, read again my previous on manipulation, and CFR allegiances, and reflect on the following. - -
Given that the NY Fed gov'nor, Tim (above CFR blog), and the power grab by the Fed will leave every market detail, and all players positions fully transparent to the new Lords of the Universe.
But above all, be afraid. This is the beginning of State Sponsored Corporatism, the beginning of global manipulation of all commodity prices, all currency movements pre-planned, global control.
Global Government. And for the global masses, Feudalistic lifestyles and freedoms. Chipped and press-ganged. It starts soon.
"A government big enough to give you everything you want, is strong enough to take everything you have."
ReplyDelete-Thomas Jefferson
“There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals.
“Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone?
“But just pass the kind of laws that can neither be observed nor enforced nor objectively interpreted-and you create a nation of law-breakers-and then you cash in on the guilt.”
-Ayn Rand
True words, Bob.
ReplyDeleteThe CFR approved the bailout of Foni and Fraudi.
ReplyDeleteAll on the back of taxpayers.
Read this link.
You will notice the name
“Brad Setser, former acting director of the Treasury Department’s Office of International Monetary and Financial Policy, told the panel that after the recent Fannie and Freddie developments “it was quite clear that there was a very high level of concern” among Chinese bankers.”
And then read his blog on the CFR website.
Here
It's not just politicians James.
Some of them, most, are just plain stupid, unaware of the greater plan - they are followers.
The intelligent ones are mostly "bribed into obedience"
Hang the lot!
Funny how the MSM never mentions the connection.
ReplyDeleteAll the reporters must know..........
Illustrates the levels at which "Hanky Panky", ex CEO of GS, works at.
ReplyDeleteAlso GS connections!
Also if you read this link, you find CFR names, and CIA names involved in Georgia from the beginning The political Cold War never ended, the peace dividend was reflected in budgets, but the "Great Game" went on. Now Russia is pissed!
For months I sat back, and watched the entire world get screwed over the price of oil, and the price of commodities, all down to the power of Wall-Street finance, and over leveraged Hedge Funds.
Millions, probably Billions, reduced to poverty, and eating scraps, to satisfy bloated parasites. And all with political acceptance, at least among the powerful.
We know who pull the strings, and we know who the puppets are.
Politicians are involved at a level, but there can be only a small %age who can put it all together, - the Grand Plan.
Now it's unraveling under its own financial contradictions.
Quietly in early August, '08, The ECB and China Central Bank sold gold, and bought $, because the "system" was on the point of collapse.
(The link was in a German language newspaper, - but now I can't find it)
It was before the ECB August decision on interest rates, but the press were barred from asking questions about the bailout, at the later press briefings.
Foni and Fraudi were part of the payback, only part.
Now the $ is being goosed, and PMs and commodities trashed. Commodity countries, Aus, Brazil, SA, etc bouses and currencies are falling. The positional change was coordinated by Bernanke and Paulson, with probably the Chinese Bank, The ECB, and maybe the BofE in connivance. Many hedgies were busted in a matter of days. Paulsons hedgie friends were in and prospered.
In truth, the positional change made economic sense. In fact it also demonstrates the power of unconstrained, over leveraged hedgies. Now most that leverage is dust, gone , pow!
The ECB is happy with the fall against the $, very happy.
The flight to the $ is presented as "logical" at a time of international tension, in Iran and Georgia, and we also know the characters behind the scenes who originate the international tensions!
Note how Wall Street crashed higher in the closing yesterday?
It did the same last week!
Something happens this weekend, - probably!
Whether it can all be held together until after the election, - who knows.
Grand Plan
Grand Opera
Billions suffer.
And for What?
There just has to be a reckoning!
James,
ReplyDeleteYou have asked about gold previously, as investment.
I have mentioned briefly that it is manipulated.
Some clown said it wasn't.
So here is a quote.
"Gold gained about $10 in early morning trading in the Far East on Thursday, but that vanished the moment London opened, and the lows of the day were at the London p.m. fix. Silver’s chart was similar. The HUI was down a bit, but gave it the old college try in its attempt to finish in positive territory. Although the prices of both metals were down, it was a pretty constructive day from a technical point of view.
I note that South Africa’s gold production in July was down 16.4% y/y. Physical gold demand continues to be off the charts. In a story posted at Kitco, dealers reported a shortage in gold bars in Singapore and Hong Kong. Indian premiums yesterday were “hugely above import point” according to the usual NY commentator. My bullion dealer here in town is currently quoting January delivery on new silver orders.
As I’ve said many, many times…physical supply or demand mean absolutely nothing when it comes to price! 90% of price action is determined by the interplay between the tech funds in the Non-Commercial category (of the COT) and the ‘2 or 3′ U.S. bullion banks in the Commercial category…who’s buying, who’s selling, and how much. Nothing else matters.
In another piece of interesting news, I see that (unlike the GLD ETF) there was no change in the SLV ETF yesterday…despite the fact that the silver price got creamed all week. Maybe they’ll show a drop in it today. But it’s pretty obvious that the market now has a different set of rules that apply to physical gold…than those that apply to physical silver. And so they should. That should tell us a lot.
I got an e-mail question yesterday that I want to share…and I get this question all the time. Hopefully, neither I (nor Ted Butler) will get it again if I answer it in public too…”Why is the CFTC doing nothing? I thought they are the regulators.”
Answer: They’re supposed to be, but they’re not doing their job. Their real job is to protect the shorts in gold and silver…and other markets of interest. The chairman of the CFTC is a member of the President’s Working Group on Financial Markets. He does what he’s told to do…and he’s doing what he’s being told to do right now!
So there you have it.
Presidential orders are to protect, (ignore) the 2 or 3 banks with massive short positions in the futures of gold and silver metals, positions that are so large that they are absolutely manipulative, and incidentally illegal.
How long will the President’s Working Group on Financial Markets exist?
Who knows.
How long before a silver, or gold exporting country, with costs higher than current prices, (and there are a few) will say to the US, no more exports to your country? Many industrial users need silver!
Who knows.
How long before miners get together, open their own market dealing system, which excludes these parasites?
Who knows.
In as far as PMs are regarded as competition for the fiat system, which under the Fed abuse has totally failed, it is important that PMs are crushed.
Their decline has matched that of ordinary commodities recently, and they have been manipulated in this way. They have been made to appear as other commods for that reason.
This is not capitalism.
This is corruption.
The point when GS short position on PMs is exceeded by its long position on PMs is the moment to watch for.
There just has to be a reckoning.
Millions of retail investors have been reamed.
Dozens of legitimate mining companies are now in trouble, unable to raise finance. And the laws of supply and demand thrown away.
All for the GOP, the Fed, and a tribe of criminal parasites.
Not sure, but it's possible Anon refers to this link.
ReplyDeleteThe leader reads:
China secretly buys Dollar. ECB secretly sells gold amounting to 500 million Dollars. Consequence: gold down, Dollar up - in agreement with US-treasury secretary Paulson.
With love from Germany :)
I mentioned this on these pages a year ago.
ReplyDeleteThis development is extremely alarming.
Here
And who is Mr Timothy F. Geithner?
Well, read about him on the CFR blogsite.
Here
The reference to open positions:
Institutions have pre-set prices at which they buy, or sell, financial entities.
Knowing these, sales of these entities can be triggered by organised selling which triggers a cascade of computer driven action, that can destroy, or benefit whomever the Fed chooses.
Can't happen?
It is being done now! - but not in so an "informed " way, but certainly by "market makers" on COMEX.
Firstly, in reference to the previous post, this effectively means that if the Fed gets this oversight, they effectively can legally control the price of any instrument.
ReplyDeleteTOTAL FINANCIAL CONTROL OF GLOBAL MARKETS BY A PRIVATE BANKING CARTEL
And that means oil, all commodities, food, all equities, everything that is traded globally.
Be very afraid!
--------------------------------
Hi, Jean.
I was beginning to think I was all alone!
Nice to see I'm not.
That wasn't the exact link, but the same content. Many thanks.
This is the link to Trickies comments in Sept. Note, no questions on the gold sale!
Here
The link seems to open half way down the page. Tab up to read the entirety.
Oops!
ReplyDeleteSean.
Sorry :-)
Anon,
ReplyDeleteafter all these boys my parents would have been delighted had I become a Jean. :)
Seems, from the very beginning I've not exactly been doing what I was supposed to ... do. :)
Will be following your link tomorrow.
Thanks, and the peace of the night.
The Peace of the Night, Sean.
ReplyDelete(what were you supposed to do? :-) )
--------------------------
The conspiracies and carve-ups organised by these parasites is mind boggling in its audacity.
Absent any election, They openly abuse, and control the destiny of millions, with immunity.
Every oversight body just looks the other way.
Brazen cronyism.
Fascist control.
Brazen criminality.
The CFR is everywhere
Take a look at the comments section in this link.
Here
A reckoning must happen!
The unfortunates shown in the photo were not hanged but subjected to the slow strangulation of the American Standard Drop. The link below explains the relative humanity of the British system:
ReplyDeletehttp://www.capitalpunishmentuk.org/hanging2.html#standard
And to all those thousands (smile) who still don't believe that markets can be manipulated, read the following link.
ReplyDeleteBut before that, read again my previous on manipulation, and CFR allegiances, and reflect on the following. - -
Given that the NY Fed gov'nor, Tim (above CFR blog), and the power grab by the Fed will leave every market detail, and all players positions fully transparent to the new Lords of the Universe.
Read and enjoy. Here
But above all, be afraid.
This is the beginning of State Sponsored Corporatism, the beginning of global manipulation of all commodity prices, all currency movements pre-planned, global control.
Global Government.
And for the global masses, Feudalistic lifestyles and freedoms. Chipped and press-ganged.
It starts soon.