Read the Monday Afternoon Wrap-Up for 6/10/2013 and the Tuesday Morning Commentary for 6/11/2013
Throughout my “TEN YEARS OF HEAVEN AND HELL” (as of this month, eleven years), the word that best describes my daily WAR with TPTB is suffocating; in so much as EVERY minute, I’ve been besieged with the foul stench of MARKET MANIPULATION and PROPAGANDA.
For example, the monthly NFP report alone has been a source of frustration, anger, and angst for 11 x 12 = 132 days of my life; not to mention, the days leading up to it and the MSM’s pathetic “follow-up.” Additionally, the FOMC has met 11 x 8 = 88 times, and the G7 roughly 11 x 3 = 33 times; while approximately 3 x 6 = 18 months were blanketed by the “homestretch” of Presidential election campaigns; not to mention, at least 11 x 6 = 66 “important” Presidential speeches, 11 x 4 = 44 Greenspan/Bernanke Congressional appearances, and 11 x 12 = 132 COMEX options expirations.
In between, there’s ALWAYS something PM holders are conditioned to “worry” about; such as crises, bailouts, meetings, speeches, “black swans,” and – of course – ENDLESS economic data; which is ALWAYS interpreted as “stock bullish, PM bearish” by the MSM and PPT alike. Remember, ALL events are to be considered positive for the economy, stocks, and bonds; and conversely, NONE for gold and silver; despite the fact that – this year of maniacal suppression notwithstanding – PHYSICAL PMs have been the past 13 years’ best performers.
Anyhow, I’ve referred countless times to the “mantra” I first coined circa 2005; regarding the scope and intensity of such physical and psychological “warfare”; i.e., “each day worse than the last.” And if this years’ “sixth-sigma” usage of MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA doesn’t PROVE said mantra – loud and clear – I don’t know what will…
Since 2008’s Global Meltdown I, the ENTIRE WORLD has experienced a continual, accelerating decline of political, economic, and social stability. No matter how biased your view, or “Pollyanna-ish” your outlook, there is no escaping the fact that ALL global economies are either in – or barely out of – recession; and ALL Central banks have aggressively eased monetary policy – in most cases, to RECORD levels…
2013 – The Year of the Non-G7 Rate Cut
…particularly the “Big Three” of the U.S.…
…the ECB…
…and the BOJ…
Japanese central bank doubles money supply in fresh bid to spur inflation
I sold my last stock (aside from miners) in April 2000; and since then, have LOUDLY proclaimed my belief America was headed for a long-term DEPRESSION. I have been proven right “in spades”; and if not for Fed-induced asset bubbles and government intervention, financial markets would certainly reflect this REALITY today. Not that I haven’t been right on a relative basis; but on an absolute basis, TPTB will fight REALITY “to the death”…
Clearly, “THE WORSE THINGS GET, THE THICKER THE PROPAGANDA”; and clinically, I calculate “the worst” to have commenced in September 2011. That is when “DOLLAR-PRICED GOLD” achieved an ALL-TIME HIGH of $1,920/oz, – amidst the throes of Global Meltdown II; and subsequently, TPTB determined that PAPER PMs must be “put down,” starting with the post-Labor Day “OPERATION PM ANNIHILATION I” attack – just hours after the Swiss National Bank devalued the Franc by 7%…
Since then, the GLOBAL economic outlook has deteriorated so dramatically, TPTB have realized their only remaining tools are relentless MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA. This is why I switched ALL my liquid assets into PHYSICAL gold and silver in the Spring of 2011; and why my sole portfolio “strategy” has become “FINANCIAL DEFENSE.”
Sadly, I expect these trends to only worsen in the coming years, until the “Big One”; i.e. Global Meltdown III, commences. Fortunately, I have positioned myself to both SURVIVE what’s coming – and THRIVE in its aftermath. Hopefully, you too will realize the goal in today’s treacherous environment is not to “get rich”; but alternatively, to preserve your wealth whilst everyone else’s disappears.
