Sadly, it couldn’t be more obvious where things are going, both in the
short- and intermediate-term. As I sit here early Monday morning, reading
reports of a recessionary cliff-dive of Japanese PMI, exports, and imports –
whilst, LOL, the Yen ominously surges; as well, reports of plummeting Chinese
credit creation; and the lowest European PMI reading in 16 months; I can’t
help considering how close we are to a total loss of the “powers that be’s”
control over financial markets.
Also in the news, Greece’s traitorous Parliament – incredibly – voting for
dramatically higher, across-the-board taxes on its predominately anti-austerity
citizenry, to “unlock” €10 billion of “bailout” funds to pay off the Troika
next month, amidst an unpayable repayment scheme scheduled for (at least) 43
years. Throw in a report that a British “Lord” insists Britons should
simply work into their 70s if they can’t afford retirement, and you can see
how far down the road to serfdom the world has come. Not to mention,
the increasing level of disenfranchisement with the fraudulent monetary
system that caused this economic monstrosity – as evidenced by record worldwide
Precious Metals demand; and heck, the birth of Bitcoin.
When these topics are considered cumulatively, it’s difficult to not believe
what Bix Weir says about a system intent on destroying itself – particularly
when a psychotic gambit like last week’s FOMC minutes propaganda (and
associated Precious
Metals attack) is perpetrated; suggesting the Fed is considering what
would amount to economic
and financial market suicide. Let alone, ahead of potentially
market-shaking events in the coming weeks – from the June 2nd OPEC
meeting, to Switzerland’s June 5th “Basic Income” referendum; to
the June 23rd “BrExit” vote; and if Syriza doesn’t get what it
wishes – against the wishes of the majority of Hellenic citizens – a Greek
default in July.
Not that the Fed are actually going to do anything, of course.
However, simply intimating they “could” raise rates amidst the worst economic
environment in decades – “recovery” notwithstanding; much less, with
financial markets already rolling
over; leaves one wondering if the inmates are truly running the
asylum. And frankly, given how we have seen multiple, major shortages
in physical silver in recent years – including last summer, when Miles Franklin
had its three busiest months ever – it’s difficult to believe the
Cartel’s current, unfathomably brazen attempt to quell surging “paper prices”
won’t catalyze a physical market panic. It’s only a matter of
time – and with what may be the most dramatic, nation-changing election in
U.S. history less than six months away, nothing would surprise me at
this point. Fortunately, the one thing I KNOW, rather than believe,
is that the purchasing power of physical gold and silver – and likely,
platinum as well – will increase by many multiples as the collapse of
history’s largest, most destructive fiat currency Ponzi scheme inevitably
unfolds.
To that end, a terrifying topic I have discussed for some time – along
with many things previously considered “impossible” – is slowly creeping into
the mainstream. Which is, the inevitable result of overpopulation,
monetary inflation, and the resulting economic “deformation.” I.e., the
explosion of government size and scope, which always accompanies mass
financial hardship. Which, whether officially termed socialism,
fascism, or the “nanny state,” are, in reality, various forms of
communism. Or, by definition, public ownership of all property and
enterprise.
In some places, Communism is already official policy, as in Russia.
Whilst others, like China, pretend they are capitalist, when in fact
the government, in some way, shape, or form, either owns or operates all
corporations. Still others are blatant socialists, like Canada and
essentially all of Europe; whilst in “capitalist” nations like the U.S., the
line is being increasingly blurred by the explosion of entitlements,
regulations, taxation, Central bank “monetization,” and corporate
cronyism. Sadly, the common denominator is that throughout history,
“big government” has been the end result of economic collapse. Meaning
that, no matter where one looks today, the trend toward the “ultimate
end game” of communism is not just evident, but starkly so.
In recent weeks, a handful of blaring warnings of what’s to come have
emerged – not uncoincidentally, as financial markets have started to decline
anew, starting with the shocking news that due to unbridled “equity QE,” the
Bank of Japan is now a “top ten holder” of more than 90% of Japanese
stocks. In other words, the government that “owns” the BOJ, is on the
verge of owning the vast majority of Japanese companies. I.e., communism.
Worse yet, was this weekend’s news that the Chinese government’s recent
“proposal” to “assume” trillions of bad debts in exchange for corporate
equity – debts, which ironically, were created by their own “social
financing” policies – has been ongoing, en masse, for months. To wit,
roughly $220 billion of debt-for-equity conversions have already occurred,
destroying whatever remaining semblance of “capitalism” the new Red Ponzi
scheme purported to create.
That said, it’s not China where the “switch” to Communism will make
headlines – given that capitalism never really existed. Frankly, the
only real “capitalistic policy” in China was pretending as much, to
sucker enable Western capital inflows, under the false belief they’d be able
to take it out. No, the real carnage will be seen in the Western world
– as “first world” economies like Europe and Japan more still further to the
left, whilst the “world’s most capitalist nation,” the U.S., moves overtly to
full-blown socialism, en route to outright communism. Think I’m
crazy? Than pray tell, how can more than half of all American’s receive
entitlements during a “recovery?” And what exactly is Obamacare?
And if you think the current, hopelessly unfunded “entitlement nation”
environment is bad, consider that, care of eight years of NIRP, QE, and other
unnatural, manipulative policies, the vast majority of American pension
funds, insurance companies, municipalities,
and States
are either insolvent, or on an irreversible path towards such. Not to
mention, the very banks that were supposed to “benefit” from negative
interest rates – like the “next Lehman” itself, Deutschebank. Which, in
reality, have not “benefited” a whit from the Fed’s free money. But
instead, from the rigging of financial markets by the Fed, PPT, Exchange
Stabilization Fund, and other manipulation operatives; which they not only
are privy to, but a part of.
I mean, do you think it’s a “coincidence” that after centuries of at best
making money on 51% of all trading days, today’s “TBTF” banks do so nearly
100% of the time? That said, the losses from dying loan portfolios and
misguided “derivative” bets quite obviously trump said “trading profits” –
which is why Central banks continue to keep interest rates at zero (or
below); continue to “monetize” assets; and continue to protect banks’
interests – and perceived solvency – at every possible turn. Such as,
of course, suppressing Precious Metals prices – the “canary in the coal mine”
that, if unchecked, exposes the collapsing system for the financial carcass
it is.
In my view, a whole slew of catastrophic, inter-related “end games” are
coalescing in the very near-term term, with the exploding trends towards
global socialism, fascism, and communism exposing the chronic monetary
disease for what it truly is. Which will clearly lead to most of the
world experiencing the most challenging political, economic, and social
conditions in memory. Which fortunately, for those living in markets
where supplies are still available, can be at least partially mitigated by
ownership of the only real money the world has ever known.
