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“Fascism
should more properly be called corporatism, because it is the merger of state
and corporate power.”
Benito Mussolini
It would
be fortunate for the western world, particularly the United States, if it
were “merely” becoming a neo-fascist dictatorship. But since all
life forces evolve, particularly those that are evil, the west is actually
experiencing something far more pernicious: namely, a banksterist
dictatorship, which is en route to something even worse.
In Banksterism, the full arsenal of the state is deployed to
preserve and protect one thing above all else: the power, wealth, influence
and profits of banksters. It is only the crumbs
left over after the banksters have gorged themselves
at the money trough that are cast upon the dirt for
everyone else to scavenge and peck upon. The problem is that history, and
particularly recent history shows that banksters
can never get enough. They are addicted to lucre, as if it were heroin. So in
a banksterist dictatorship, capital is
systematically plundered from the overall economy, causing it to weaken, and
then die. This is when the covert totalitarianism of banksterism
yields to overt, full-blown, state-sponsored military totalitarianism, better known as the Police State. The road to tyranny is
paved with banksterism.
The week
of February 11, 2013 saw one of the most persistent, concentrated and vicious
attacks on precious metals prices during the entire GENERATION -long bankster-orchestrated price rigging campaign. Prices
suffered repeated, waterfall declines every single day, and often multiple
times per day, on precisely zero news that might have explained them. In
other words, these price raids were outright, collusive and pre-meditated
slaughters, conducted one after another after another. As financial market
experts know, such price action is totally unnatural and illogical; no
legitimate, for-profit seller in their right mind dumps supply onto a market
in this fashion, unless they know for a fact that their price raid will work,
and continue to work. This is the case when the price manipulator controls
the market. While we are told that price fixing is illegal, this is obviously
false because certain well-connected elites get away with it whenever they want, and for decades at a time. If a cabal can manipulate
a large, global market such as gold, it can steal staggering sums of money.
Based on
the elephantine, concentrated short positions in gold and silver held last
week by the top eight cartel members, it is probable that they raked in
profits of more than $1,000,000,000 (one billion dollars) in the gold futures
market, and more than $450,000,000 (four hundred fifty million dollars) in
the silver futures market price attacks. In total, they swindled nearly $1.5 billion
dollars, in gold and silver futures alone, in one week alone, in the United
States alone, by pushing a few computer keys and capturing the right
regulators, who are trained and incentivized to look the other way. While zero
true economic value was created by these price manipulations,
$1,500,000,000.00 (1.5 billion dollars) flowed from the marketplace and into
the already stuffed pockets of enormously powerful and well-connected banksters. This is the banksterist
dictatorship right in the people’s face and flipping the bird at them.
If you were long the metals last week, you learned who was in charge, and it
wasn’t you, no matter how intelligent the investment rationale behind
your position might have been.
The $1.5
billion profit figure does not include additional shorting profits that were
likely made in more opaque instruments such as options, futures on options
and other synthetic derivatives. Nor does it include profits that were likely
engineered in international metals markets, such as Tokyo, Sydney, Zurich,
London, and the Caymen Islands. Nor does it include
what must have been far greater profits derived from the shorting and naked
shorting of mining equities, and the purchase of mining equity puts. All in
all, the price rigging cartel surely made multiples of their $1.5 billion
futures market windfall.
For
years, the explanation and faux-justification for the United States-centered
price oppression of precious metals has been that it is a government-directed
operation designed to protect a monopoly product vital to the nation and the
world: the United States dollar, the world’s sole, current reserve
currency. We are led to believe that the banks supposedly working in concert
with the United States Treasury and Federal Reserve to support the dollar by shorting
its reciprocals, gold and silver, are somehow doing “God’s
work.” It is a touching Motherhood and Apple Pie tale, dripping with
overtones of Red, White and Blue patriotism. Unfortunately, it is a total
deception.
Kyle
Bass, the credible, successful and well-respected fund manager, recently
reported that a senior White House official informed him that the way the
United States government intends to revive the moribund economy is to promote
exports, and that in order to achieve this objective, the government intends
to allow the dollar to decline, significantly. Indeed, the press is now awash
in stories about the so-called “currency wars” that are now said
to rage worldwide.
But this
can hardly be called news, because a weak currency is already guaranteed in a
country that is bankrupt. Currency momentum can only last so long, even for
so-called King Dollar. The United States currently has debt and unfunded contingent
liabilities exceeding $200,000,000,000,000.00 (two hundred trillion dollars);
the nation’s annual, federal cash deficit has hovered around
$1,000,000,000,000.00 (one trillion dollars) for four years, is stuck, and does
not include state, county or municipal deficits; the nation’s federal
GAAP deficits have exceeded $5,000,000,000,000.00 (five trillion dollars) for
four years, and are also stuck; state and local government employee unfunded
pension obligations exceed $3,500,000,000,000.00 (three and one half trillion
dollars), despite a Federal Reserve-engineered and totally artificial price
levitation of the stock market; and the long, sharp deficit horns of Obamacare, which no one in Congress even read before passing
and the negative fiscal implications of which are completely and utterly incomprehensible
to anyone and everyone other than God,
are now starting to rip into economic and fiscal reality and tear it
to shreds. Obamacare will unquestionably become a
multi-trillion dollar deficit catastrophe, on top of all the others. So any
commentary about a “strong dollar policy” should be restricted to
two venues, only: Comedy Central; and the jackass cages at zoos.
But now
we have a contradiction. One the one hand, we are told that the government
smashes precious metals prices in order to prop up the value of the dollar.
On the other hand, we learn that the government intends to trash the dollar,
in an effort to jump start the dying economy through export growth. Which is
it then, and what does the government really want? If they want a strong
dollar (which we just demonstrated they cannot have even if they do want it,
which they don’t), then yes, suppressing metals prices might be a
useful, temporary gimmick. If they want a weak dollar, then they should leave
metals prices alone and allow them to find their true market levels. There is
no possible way that the United States, with $200,000,000,000,000.00 in debts
and unfunded obligations, chronic trade deficits, and a shrinking economy
could seriously want a strong dollar; that would be a vote for economic self-destruction.
So while
the explanation that precious metals prices are being artificially depressed
to support the dollar sounds logical and patriotic, it has actually been a
calculated and clever misdirection. In misdirection, observers are told to
look to the left, while the real action takes place to the right. Another
word for misdirection is “sting.”
Like
Hemingway’s saying about how one goes bankrupt, in a sting, the victims
(or “marks”) learn slowly, and then all at once. By the time the
“all at once” learning phase has occurred, the marks’
“investments” are long gone. The thieves who stung the victims
will be traveling at break neck speed 100 miles ahead of the marks, and the marks will never catch up. The 30+ year
precious metals price manipulation has been a generation-long sting that is
still going on. In a way, you have to hand it to these criminals; they have
taken greed and shamelessness to a whole new, intergalactic dimension.
The fatal
flaw in the “God’s work” narrative that has accompanied the
precious metals price rigging crime is that it assumes the government is in
charge. But in a banksterist dictatorship, that is
not how it works: governments do not control banks; banks control
governments.
As we are
taught by Occam’s Razor, all things being equal, the simplest
explanation is likely to be the truth. And when it comes to the bankster-controlled precious metals price fixing sting, the
Razor cuts right to the core of the matter. The real reason for the persistent
price rigging of precious metals prices is simple: Money. For the past 30+ years, the banksters have enjoyed an outright license to print
profits in the metals markets, and they have leveraged that license to make
tens, if not hundreds of billions of dollars in the process.
In banksterism, it is not the government that prints the money,
but rather the banksters who print the money, and
once it is printed, they hand it to themselves. The irony is that they use
the government’s printing presses and computers, apparently to keep
costs low and boost returns. One problem with the bankster
license to print profits is that in zero-sum markets, such as futures, bankster gains must by definition be stolen from the
victims on the other side of the trades, resulting in serious harm to others.
But far worse, the bankster license to print is
simultaneously a license to kill an economy.
Bankster-orchestrated
precious metals price rigging represents the longest-running public theft in
history. It is 100% aided and abetted by the United States government and
others, including Britain’s. The legions of regulators in these
jurisdictions, who have sworn oaths to enforce laws and prosecute fraud and
who are clearly aware of the problem, have done precisely nothing to stop it.
The only thing changing today is that the fraud is getting even more brazen,
endemic and profitable.
The price
of this massive crime against the society of the United States and the
nation’s economy is literally impossible to overstate.
First, by
routinely crashing gold and silver paper prices for private gain, the banksters have given economic competitors such as China
and Russia the ability to acquire massive amounts of gold at bargain basement
prices. This is occurring at a time when dozens of countries are expressing
open disdain for the dollar reserve currency regime, and actively working to
subvert it. When the banksterist price manipulation
scheme ultimately fails, as such schemes always do, metals prices will surge
to their true levels, giving countries such as China epic windfall profits.
China’s rapidly increased wealth, combined with its new found ability
to back the yuan with gold will pole vault their
currency into quasi- or full-reserve status, particularly among key trading
partners. In monetary terms, this will be the equivalent of a 9.0 earthquake for
the United States, particularly since it could happen suddenly. A matter as
serious as this is one of national security.
Second,
the demonstrable bankster greed that has been the
foundation of the precious metals price rigging scandal makes it likely, if
not virtually certain that another greed-fueled scandal has also been playing
out in the shadows: namely, that the United States’s
official gold reserves have been leased out to banksters
in exchange for pittance interest payments, and then sold to the Chinese and
others, for profit. Further,
given that the banksters know for a FACT that
metals prices are far below market, since it is they, the banksters
that have collusively fixed them there, we have to wonder if a serious
portion of the official U.S. reserves have not been appropriated by the banksters, at dirt cheap prices at best, or maybe simply
in exchange for pieces of paper called “Leases,” at worst. In a banksterist dictatorship, this kind of thing can happen
without anyone on the outside knowing about it, or anyone on the inside saying
a word.
If, in
the future, the banksters claim that they cannot
return the gold, nothing will happen to them, because in banksterism,
the government is captured and controlled by the banksters.
Further, in banksterism, the people are brainwashed
to believe that the banks are “too big to touch,” in other words,
“too big to prosecute.” People are fearwashed
(a form of brainwashing and mind control) to believe that prosecuting banksters will “bring down the economy.” This
kind of propaganda is the height of irony, because it is actually banksterism itself that destroys an economy.
There
already exists a mound of evidence indicating that the United States gold
reserve is gone, either in whole or in part. This evidence ranges from the persistent
refusal by the government to even audit its supposed stockpile, to the
snail’s-pace proposed return of Germany’s gold. If Germany wants
its gold returned from the New York Fed, why must they wait seven years to
get only a small fraction of it?
Third,
flagrant, unprosecuted corruption causes people to lose faith in government and
its institutions, particularly those related to justice. People come to realize
that if a nation’s monetary and banking systems are corrupt, then such
corruption likely filters into other vital areas of government. Since money
and banking constitute the core of a so-called capitalistic economy, the
corruption of these functions is crippling.
The
paradox is that by trying to discredit gold, the banksters
actually discredit the dollar by sewing suspicions and concerns about its
value. People will ask themselves, “If the only way the U.S. government
can create the illusion of dollar strength is by illegally manipulating the
prices of its reciprocals, gold and silver, then the dollar itself must be in
trouble.” If the dollar were intrinsically sound, it would not be
necessary to illegally and artificially support it via price manipulations
and fraud. More, people will start to realize what is truly going on: a banksterist, double-standard regime, in which there is
total freedom for the banksters to plunder and to
print profits at will; and a strict set of laws and regulations for everyone
else, punishable by everything from draconian fines to prison terms.
Ayn
Rand described this phenomenon well when she wrote: “We are fast
approaching the stage of ultimate inversion: the stage where the government
is free to do anything it pleases, while citizens may act only by permission;
which is the stage of the darkest periods of human history, the stage of rule
by brute force.” Just substitute the word “banksters”
for “government” to get a true read of today’s situation.
Fourth,
as with socialism, fascism and communism, banksterism
is guaranteed to fail, and will destroy an entire economy in the process.
While the small elite will become enormously wealthy during the reign of any
of these “isms,” it becomes so at the expense of the remainder of
society. This is exactly what has been happening since the 2008 meltdown,
when despite trillions of dollars’ worth of direct aid for banksters, the true economy continues to deteriorate.
This deterioration would be even more obvious if inflation were properly
reported, as it would become clear that GDP is in structural decline.
Predictably, bankster profits have increased
throughout the ongoing financial crisis, while the poverty level in the
United States has exploded, incomes have eroded, the middle class has been
destroyed and the real economy has contracted. This type of dynamic is
inevitable in a banksterist dictatorship, because
as capital is continuously looted from the economy, true economic recovery
becomes impossible.
Fifth, by
smashing metals prices, the banksters have frightened
ordinary people away from metals investments, and this is no doubt an
intended and desired outcome, at least from the government’s
perspective. The government wants people to spend, not save; it wants them to
be poor, not rich; it wants them dependent, not free. When the inevitable
crisis occurs, those who have not diversified their savings into metals will
have nothing but rapidly depreciating pieces of paper called dollars, which
have zero intrinsic worth. Because their assets will be trapped in dollars,
they will be lost. In a banksterist dictatorship,
the people are encouraged, and ultimately forced to commit financial suicide
by directing their money into idiotic stock market and similar “investments,”
as they desperately search for yield and capital gains. It is no coincidence
that the banksters get to earn fees from these
desperation transactions. Such mal-investments will ultimately implode,
ruining investors. Governments know for a fact that it is easy to control people
who are completely helpless and financially dead.
The
recent surge of gun purchases by citizens demonstrates that there is a deep
understanding among them about what is happening, and coming. While many have
been conned into worshipping at the altar of Bernankeism,
and are buying stocks in a market that only goes up thanks to desperate and
deliberate Fed intervention, countless others have gone to the gun stores
instead. This is known as Voting with one’s Wallet, and the American
wallet can actually be quite smart in times of chaos. Those who have discounted
the collective intelligence of the American people have always lived to
regret it.
Combined,
the cost of the precious metals price fixing scandal has been incalculable
for the United States economy and people. People worry about nuclear bombs,
but the fallout from nuclear stupidity can be far more deadly. The fact that
the banksters have had free reign to perpetrate
their fraud for more than three decades represents nuclear stupidity of an
epic magnitude. The fallout of this nuclear stupidity is so dangerous that it
has undermined the prospects of an entire nation, and possibly made
inevitable the country’s ruin. The vast enrichment of the Chinese, at
the same time that the United States is attempting to deal with its national
bankruptcy and structurally faltering economy is a potentially explosive
scenario with zero upside and enormous downside prospects for America.
In
conclusion, for those concerned about what has been happening to precious
metals prices, the following summary might provide some helpful context, and
even consolation. Those of you who have chosen to denominate some portion of
your wealth in precious metals have not been intellectually wrong; you have
just been cheated, at least for now. To summarize:
1) The
precious metals price rigging campaign that has taken place for the past 30+
years has been a simple, blatant, obvious crime.
2) This
crime has been orchestrated by banksters for one
purpose only: to make money. The money they have made has not come out of
thin air; it has been stolen from people on the other side of the respective
trades. Therefore, it is a crime scene strewn with real victims. The fuel for
this crime has been the diagnosable mental illness called Greed.
3) This
crime has not had one redeeming virtue, patriotic or otherwise. It has not in
any way had anything to do with helping to “defend” the dollar or
aid the United States or its people. It has only been about money, and greed.
4) This
crime has created enormous threats to the United States economy, the dollar,
and national security.
5) This
crime has set the stage for the vast enrichment of powerful economic
competitors, such as China and Russia.
6) By
financially empowering the nation’s competitors, it will also empower
them militarily, so the ruinous consequences of this crime are unpredictable,
immeasurable and stark.
7) The
road to tyranny is paved with banksterism, which is
a supreme threat to citizens worldwide.
8) While
smart nations such as China encourage their citizens to buy gold and silver,
stupid nations such as the United States discourage gold ownership via metals
price manipulation, and instead encourage spending on consumer products that
ultimately impoverish citizens. When metals prices are revalued, which is
absolutely inevitable, China’s citizens and government will gain, while
America’s citizens and government will lose. This is a consequence of
nuclear stupidity.
9) Greed
is the seed of its own destruction, and price manipulations always fail in
time. When the precious metals price manipulation fails, prices will surge
from current depressed levels.
10)
Ultimately, the truth will come out about the status of the United States
gold reserve, and it is likely to be shocking. If the U.S. gold reserve has
in fact been sold, for example to the Chinese, and/or appropriated by the banksters, the consequences for the United States economy
and dollar will be dire and irreversible. The United States could become the
equivalent of a third world nation virtually overnight, with staggering
inflation, violent social unrest, exploding poverty, surging homelessness,
and unprecedented hunger. Such news would outright guarantee the swift
emergence of uncontrolled totalitarianism that would make previous historic
episodes of this curse in countries such as the USSR and Germany look tame.
11)
Readers should contact their elected representatives and ask why “too
big to fail, and too big to touch” banks, that have been and continue
to be backstopped by the American taxpayer, are allowed to speculate in the
futures casino with tens to hundreds of billions of dollars. If these banksters lose, who pays? The taxpayer, obviously, but why
is such insanity permitted to continue?
12)
Readers should also ask their representatives, “Where is our gold? Do
we still have any? How, Mr. or Ms. Elected Representative, do you know? If it
is gone, who got it? And how much did they pay for it? Anything, or did they
just give our government a piece of paper called a “Lease”? Why
is the status of the people’s gold a state secret? How do you justify
that, Mr. or Ms. Elected Representative? If you lie about our, the
people’s gold, what else are you lying about? Is it, in fact,
everything?
The End
Game is coming. It is inevitable, despite official pronouncements to the
contrary. Just look at the numbers. They do not lie. It is urgent that you
take steps right now to protect not just your financial freedom, but your
personal freedom as well.
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