Regular readers are familiar with my narratives on the U.S. Greater Depression, and (in particular) some of the government’s own charts which depict this economic meltdown most vividly. The collapse in the “civilian participation rate” (the number of people working in the economy) and the “velocity of money” (the heartbeat of the economy) indicate an economy which is not merely in decline, but rather is being sucked downward in a terminal (and accelerating) death-spiral.[Read more...]
Regular readers are familiar with the Great Inflation Lie. Lying about inflation is a device of deceit which governments use to pad numerous economic statistics, since most of these statistics only have relevance/legitimacy if fully “deflated” by the (real) prevailing rate of inflation.[Read more...]
By now, regular readers are familiar with my metaphor for our societies: the Wonderland Matrix. The metaphor is taken from the movie of the same name. But the adjective “Wonderland” has been added, because the movie-version of “the Matrix” was a place of rationality and normalcy, at least for all those drones plugged into it. Conversely, our “Matrix” is a place of continuous absurdity and insanity.[Read more...]
Regular readers are familiar with my position on precious metals and (capital gains) taxation. Those individuals who swap their (soon-to-be-worthless) paper currencies for legal tender gold and silver coins for the purpose of spending their gold and silver currency should not/will not be exposed to any (supposed) capital gains when they spend their gold and silver.[Read more...]
In the first part of this commentary, readers were presented with the context which leads us to believe that there is (must be) a “secret stockpile” of silver, and that the holders of (the vast majority of) this stockpile are the ultra-powerful (industrial) Silver Users, allies of (if not tentacles of) the One Bank.[Read more...]
As indicated in my most-recent commentary; we are very likely already in a Post-Default World in the gold market. Specifically, at some time (likely several years ago) the bankers’ paper “gold market” experienced technical default, where current and immediate claims on existing gold inventories significantly exceeded those inventories.
Actual (versus “official”) inventories of gold in the bankers’ metals warehouses today are now a large, negative number – in the many millions of ounces. Official (and visible) default in the gold market has only been averted by a cornucopia of fraud, primarily “fractional-reserve banking” in the gold market, i.e. through “selling” each ounce of actual gold possessed by the banking cabal to numerous chump-owners.
The magnitude of this ‘fractional-reserve’ fraud is something about which we can only speculate, but we do have parameters. With respect to their own fraudulent, debauched paper currencies; the Western banking crime syndicate is allowed to leverage their paper by a ratio of roughly 33:1. We also know (in this era of mark-to-fantasy “accounting”) that these Big Bank tentacles have (at least) two sets of books.
Furthermore, we know that these career criminals have no respect for any laws; having already been “fined” or “investigated” for any and every form of financial crime capable of being devised within the human mind. The notion that these banksters adhere to mere rules on leverage limits and “reserve” requirements is quaint, and utterly naïve.
In the realm of “bullion trading” (i.e. gold and silver fraud); we also have the testimony of (ex?) Goldman Sachs Stooge, Jeffrey Christian to guide us. It was “100-to-1” Christian who first blurted out (at a CFTC hearing) that the various forms of paper-fraud committed by the bankers in the gold market exceeded the actual amount of gold being traded by a dollar value of 100:1.
In the silver market; we have various reasons for believing that the crisis faced by the banksters in terms of evaporating inventories (and stockpiles) is even more severe/desperate than in the gold market, and thus the level of fraud is likely at least as high, if not higher. The starting point in such suspicions is a now-infamous chart on (supposed) “silver inventories” which the One Bank probably wishes its minions had never created.
The sickening plunge in silver inventories between 1990 and 2005 (where inventories collapsed by 90%) meant that we were already at a crisis-point in the silver market nearly a decade ago, whereas it’s only in the last year or two where anecdotal evidence (and the bankers’ own actions) seem to indicate a crisis in gold inventories – yet actual “default” in the gold market likely occurred several years before this.
In the spring of last year, and on the heels of the Cyprus “bail in”; informed investors know there was a global stampede into physical bullion – and out of the banksters’ fraudulent paper-called-gold “products”. In reporting on those events, regular readers saw the following headline:[Read more...]
Many analysts outside the mainstream herd have been making dire predictions about the collapse of the economies of the Western bloc for the past several years, myself included. Those predictions have not come to pass. Does this mean that we were wrong, or at best woefully premature in our thinking? Simply, no.[Read more...]