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It is only human to seek reasons for optimism, and to find
comfort in self-delusion. “You’re going to be just fine,”
is probably one of the most frequent lies told among family members when
serious injury or illness occurs. We have to believe we’re going to be
“just fine”, because the alternative is too painful, and
painfully unacceptable.
However,
when the tendency towards delusion overshoots mere comfort and interferes
with the potential effectiveness of a remedy, a brisk slap across the face is
occasionally required to exorcise the delusion and let the healing begin.
Such
is the case with the global economy and its top leadership. The obsession among
Ben Bernanke, Timmy Geithner, and Barack Obama in convincing Americans the
storm is over and the rainbow is imminent are thoroughly preventing the
corrective influence of unfettered markets from bestowing their therapeutic
effect upon us. Only gold, not U.S. dollars, can fill the pot at the foot of
the rainbow. They need a good smack across the face to get this through their
stubborn little pointed heads.
Japan
just got a nice resounding smack across the face from Moody’s.
Downgrading the debt of the proud and massively self-conscious Japanese is
more like a smack across the face after pulling their pants down in public.
I’ve got that nation on suicide watch for the time being.
In
Egypt, Tunisia and Yemen, the citizens of those nations are administering a
very energetic smack across the government face by rioting, and demanding an
end to tyranny and injustice. The grass roots, unorganized and spontaneous
nature of the social conflagration is testimony to its origin in the honestly
aggrieved and tormented national soul. The smoke from those fires carries the
scent of revolution, and threatens to ignite the entire region.
England
has just recorded a year of negative GDP growth, or more accurately, a year
of GDP contraction. There is no ‘perception management’ program
in place among the admirably pragmatic Brits. Things are not good, and they
clearly have embraced the idea that happy phony touchy-feely is unacceptable.
They’re going to solve the problems by rolling up their sleeves and
tackling the credit-spawned imbalances head on. But there’s just one
problem.
These
damn American elitist leaders and their obsessively inward facing narcissism
is hindering the process. The non-stop and accelerating circle-jerk of Fed
buying Treasuries so they can write checks and spew dollars into the economy
has created the illusion of recovery, based on the selective presentation of
certain data, that, taken on their own, might be indicative of economic
resuscitation. But analyzed in the context of broader economic events and
circumstances, they are merely numbers generated by numbers, and against the
larger negative economic factors, are irrelevant. It’s the global
economy that’s choking on U.S. dollar driven asphyxiation, and
Moody’s is threatening the requisite slap with a downgrade.
This
is the spread of the sovereign debt crisis from the European fringe to the
globalized mainstream. It’s a cancer that’s spreading, even while
these idiot pseudo-Americans harp on about recovery and growth and hijack
Davos turning into an après-ski circle jerk glee club.
I
tell you I’ve never been prouder to be Canadian. When the real
Americans catch the whiff from Egypt and start a little war dance of their
own to end the tyranny and oppression of the elitists who have stolen
democracy, liberty and justice from the populace, a smack across the face
administered from within its own borders shall be imminent. That day is
coming…you can just smell it.
Among
the irrefutable proof that the economic recovery is a complete and treasonous
lie are the following facts:
Unemployment
continues to spread;
Consumer prices are rising;
Foreclosures are still mounting;
Home prices are still dropping;
The United States Government is broke.
Here’s
how that lie is being morphed into the apparent economic recovery and
becoming amplified and broadcast to the erstwhile anesthetized American
public:
1.
The U.S. Federal Reserve and the United States Treasury, effectively two
departments within the administration of the national fiscal management
branch of the government, fabricate, out of thin air, trillions of U.S.
Dollars, and then give them to the nations biggest financial institutions.
2.
These institutions then take these counterfeit dollars, and inject them into
commodities markets by establishing hundreds of thousands of derivative
contracts both long (betting the future prices rises) and short (betting the
future price falls). The losses are rolled over into new contracts, and the
wins cashed in and the contracts rolled up. With no position limits, no
transparency, and no rules, the recycled losses build and build and build and
now sit at some $600 trillion??
3.
The money fabricated from nothing becomes more money fabricated from nothing
in the form of profits. The profits are reported as earnings (fabricated from
nothing) generating positive numbers in the stock market (that mean nothing).
All this in an effort to confuse you, the consumer, investor, and saver, into
continuously working to generate real wages increasingly worth nothing thanks
to this system, and abiding the law while they use your delusion to
concentrate control of the world’s assets into ever narrower and
centralized control.
Lets
put it another way. Lets say, you work for me, and I pay you in popcorn,
which you can use to trade for things like rice and corn and steak and
cheerios and gas, because the popcorn has been accepted as a medium of trade,
thanks to the stupendous marketing efforts of the central popcorn bank and
the popcorn treasury, for over a century. Popcorn used to represent a certain
amount of gold or silver or both but that system was just too dumb and
didn’t make sense and so now popcorn just represents popcorn. Its easy
to pop, and everybody likes it.
But
suddenly, one day, I start paying you less popcorn, and at the same time, it
takes more popcorn to buy the staples of life. Your family’s economy
crumbles, and suddenly your son can’t go to soccer games (cause that
takes popcorn and everybody knows, popcorn doesn’t just grow on trees),
and little Tina can’t go to ballet, cause that takes more popcorn, and
all the while, on TV and on the movies, everybody has all the popcorn in the
world and they’re all dressed well and healthy and beautiful, and in
the news, the popcorn economy is improving. Popcorn, it would seem, is the be-all
and end-all of life. But popcorn can’t buy happiness, can it?
Suddenly,
the popcorn fed and popcorn treasury announce that hey!. We’re just
gonna pop more popcorn, cause that’s what we need. So the popcorn goes
into the economy from the popcorn bowls at the top of the food chain, and
suddenly there’s streets being paved, and new signs going up, and it
starts to look and feel like things are gonna be okay, because the popcorn
market, coincidentally is showing that certain sectors of the NYPE (New York
Popcorn Exchange) are improving in earnings, and that’s driving the
NYPE higher.
Popcorn
is buying incrementally less, but there seems to be so much popcorn
around…just that you can’t really seem to get your hands on any.
But they keep popping popcorn, but more and more of your friends are finding
they’re popcorn salaries aren’t cutting the mustard and
they’re being turfed out onto the street.
Popcorn
popcorn everywhere. Golly. Why then, with all this popcorn around, are things
going so sideways on the real world spreadsheet groaning under the increasing
weight of the national debt? Why Japan, who has more popcorn out than
anybody, just got officially reclassified as an economy that maybe
shouldn’t have so much popcorn invested into it. Maybe they can’t
repay their popcorn obligations to the popcorn generating countries that keep
lending them more popcorn. You could say, they’re choking on their own
popcorn.
This
is the biggest Ponzi scheme of all time, the most popular con in history.
Lets call it PopCon, so it has the slick marketing-oriented anagram that
gives it a nice sound and imparts the mantle of respectability.
Despite
the popularity of the concept of ‘too big to fail’ among bankers
and economists in the diseased economies, the simple truth is, nothing is too
big to fail, and perpetual growth is impossible. Any future predicated on
perpetual growth is bound to fail. The perpetual growth strategy guarantees
that.
Does
anybody in Davos know this? And if they do, does anyone have the cojones to
say it? And if they do, do they have the political capital to effect the
changes that would defer this inevitability and reverse it?
I
don’t see anyone. All I see are a bunch of theoretical economists and
straw captains paying way, way, way too much for a ticket into the biggest
nincompoop club in the world. Davos is just an international forum to
strategize the next stage of PopCon.
A
Coordinated Assault on Gold and Silver
The proof of a collusive and covert assault on the gold price is cobbled
together strictly from circumstantial evidence. The massive build-up of short
positions, and the cancellation of thousands of long contracts by the cartel
of JP Morgan, HSBC and others is a signal to real bullion investors that such
an attack is underway, and long investors dutifully proceed to the sideline
while this perennial fraud-in-progress unfolds.
The
withering of CFTC resolve into vague policy action items for the future since
Bart Chilton’s comments expressing unequivocal conviction of market
manipulation is proof of the influence of the banks over government policy.
That this assault is mounted on such a coordinated basis is evident in the
peculiar headlines and attention of CNBC, CNN, the Wall Street Journal and
other elitist controlled mainstream financial media outlets proclaiming the
abandonment by investors of gold as evidence by the “sharpest drop in
the gold price in weeks.” at the outset of 2011. That has hardly
occasioned such a uniform response that unanimously confirms the end of the
gold bull market in the past, considering the see-saw rise of gold from $300
an ounce to $1440 an ounce at the end of 2010.
Another
highly suspicious behaviour in the gold market is despite what should be
highly highly gold positive events, i.e. the sudden breakdown of order in the
middle east (normally sending investors flocking to gold), the downgrade of
Japan’s debt to AA- (a signal of spreading sovereign debt
deterioration) and the U.S. record deficit combined with Treasury needing to
go cap-in-hand to ask congress for clearance to borrow more money. AND
Moody’s threat to downgrade U.S. debt. These factors manifesting
themselves together in 2006 would be enough to send gold soaring, but that
reaction is completely absent. What gives?
The
lawsuits brought by GATA and the silver traders are proceeding, and the news
outlets prefer to speculate on the demise of the gold market instead of
focusing on growing fiduciary delinquency of the country’s leadership.
I’m sorry but does America not understand that it is now a fascist
regime in the purest sense of the concept? What’s happening in Egypt
right now could easily erupt in the United States if they don’t revise
their self-image. Law and order is eroding in the United States and the
grievances of the Egyptians closely mirror those of increasing numbers of
Americans.
The
time for plastic surgery is over. Radical bypass surgery is needed to
resuscitate the U.S. economy meaningfully. The authors of the concept of
regime change are closer to falling victim to their own design then they
clearly understand.
With
the publication of the Financial Crisis Inquiry Commission’s report,
unprecedented evidence pointing to preferential treatment of certain of the
largest (too big too fail) institutions by government employees should
theoretically catalyze a veritable armada of class action lawsuits. The
American public has the ultimate opportunity to apply and keep up the
pressure on the failed democracy and suspension of constitutional rights
catalogued in this document.
And
since the commission has further pledged to publish boatloads of raw data and
evidence, the U.S. is in a superb position to attack the anti-American
banking and government criminal group in the courts, in the press, and spread
the message through social media that the jig is up, and its time to demand
in the most vociferous yet peaceful way, in the American tradition, an end to
the current regime. New laws are required that decisively (not just
optically) divorce banking from government. Banks should not be consulted in
any way when drawing up legislation designed to isolate an admittedly
predatory and opportunistic industry from stealing the homes and jobs of
ordinary American citizens.
Egypt
may be a world away, but its grievances are shared, on a growing basis, by
increasing numbers of Americans, and the collapse of the U.S. economy under
an insupportable debt load is at hand. Abandoning dollars for gold and silver
(for Americans) or more stable currencies (Canada, New Zealand, Australia,
Norway, Switzerland) as an interim measure is the only defense the average
American with any assets or savings left has.
James West
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