Beiträge von bullionbulls

I see the debate continue to rage here - as it does elsewhere - and just wanted to point out that in many ways this debate is "false". The reason is that any "deflation" which would/could hit Western economies today will be like NOTHING we have ever experienced in our history.

It will be a solvency crisis, not a mere "deflation". This means the dynamics are 100% different. In an ordinary deflation, "cash is king". However, in a solvency crisis, and in a world of fiat currencies "cash is trash". This is the most important concept, as it allows us to predict how such a crisis will unfold.

1) In a world of defaulting/bankrupt countries, bonds are WORTHLESS.
2) Meanwhile massive, structural deficits lead to even MORE money-printing, driving currencies to zero.

Thus, the "safe havens" which have existed in ALL OTHER DEFLATIONS throughout modern history do NOT exist today. This makes gold and silver the ONLY "safe havens".

However, with only 1% of the world's capital able to "squeeze into" the sector, this means that the precious metals MINERS will become the next-best asset class outside of bullion - and at some point the miners will "decouple" from all other equities.

These dynamics are SIMPLE as long as we don't allow our thinking to be DISTORTED by past comparisons - which are totally irrelevant to today.

Economic Rape of Europe Nearly Complete, Part II

In Part I, I explained and (for many) introduced readers to two of the major scam-vehicles which the Wall Street Oligarchs (and a few European brethren) unleashed upon the world – and in particular the nations of Europe. Interest rate swaps and credit default swaps (both forms of “derivatives”) have been used to inflict trillions of dollars in losses on their victims, with no end to this massive tally in sight.

As I watched Wall Street terrorists decimate the debt-markets (and thus the economies) of European nations one-by-one, I had assumed that such an unprecedented economic “attack” against these nations had been a goal unto itself. I was mistaken. Instead, what has recently become apparent is that such terrorist attacks on Europe were merely the means to an even greater end: to completely plunder all the wealth of these nations.

In furtherance of this objective, the banking crime syndicate (and the ultra-wealthy bond parasites whom they represent) have formulated a three-pronged scheme to drain every last drop of wealth from these economies (and nations):

1) Using these fraudulent bond debts to attach a legal claim on the large, national gold-hoards which these nations claim to still possess

2) Attaching “loss guarantees” to the bad-debts of the Euro debt-sinners

3) Ramming through a full economic integration of all these Euro-zone nations

I will address these economic “crimes against humanity” in order.

The same Western central banks (and bankers) who literally dumped thousands of tons of gold onto the global market over a two-decade period – claiming that they had no use for this “barbarous relic” – are now all singing a different tune. They have completely ceased their own gold sales, for one of two reasons: they have now decided to hoard all of their remaining gold, or their vaults are empty, and they simply have no more gold to “sell”.

Either interpretation of events is plausible. However, depending on which premise is correct, the decision by Western banking authorities to designate the national gold hoards of these nations as “collateral” for their (fraudulent) bond debts has two entirely different (and separate) motivations. If the gold still exists, then naming gold as collateral for debts which could never be repaid (and where default is imminent) is nothing less than the theft of these nations’ gold reserves...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Economic Rape of Europe Nearly Complete, Part II

In Part I, I explained and (for many) introduced readers to two of the major scam-vehicles which the Wall Street Oligarchs (and a few European brethren) unleashed upon the world – and in particular the nations of Europe. Interest rate swaps and credit default swaps (both forms of “derivatives”) have been used to inflict trillions of dollars in losses on their victims, with no end to this massive tally in sight.

As I watched Wall Street terrorists decimate the debt-markets (and thus the economies) of European nations one-by-one, I had assumed that such an unprecedented economic “attack” against these nations had been a goal unto itself. I was mistaken. Instead, what has recently become apparent is that such terrorist attacks on Europe were merely the means to an even greater end: to completely plunder all the wealth of these nations.

In furtherance of this objective, the banking crime syndicate (and the ultra-wealthy bond parasites whom they represent) have formulated a three-pronged scheme to drain every last drop of wealth from these economies (and nations):

1) Using these fraudulent bond debts to attach a legal claim on the large, national gold-hoards which these nations claim to still possess

2) Attaching “loss guarantees” to the bad-debts of the Euro debt-sinners

3) Ramming through a full economic integration of all these Euro-zone nations

I will address these economic “crimes against humanity” in order.

The same Western central banks (and bankers) who literally dumped thousands of tons of gold onto the global market over a two-decade period – claiming that they had no use for this “barbarous relic” – are now all singing a different tune. They have completely ceased their own gold sales, for one of two reasons: they have now decided to hoard all of their remaining gold, or their vaults are empty, and they simply have no more gold to “sell”.

Either interpretation of events is plausible. However, depending on which premise is correct, the decision by Western banking authorities to designate the national gold hoards of these nations as “collateral” for their (fraudulent) bond debts has two entirely different (and separate) motivations. If the gold still exists, then naming gold as collateral for debts which could never be repaid (and where default is imminent) is nothing less than the theft of these nations’ gold reserves...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Economic Rape of Europe Nearly Complete, Part I

I have written frequently (but not recently) about the wave of “economic terrorism” which Wall Street launched against Europe – with the full support/blessing of the U.S. government. With that campaign of terrorism having nearly reached fruition, I will review these events one more time.

Essentially, it began with Goldman Sach’s “rape” of AIG. AIG was the “guinea pig” of this experiment. The banksters had already perfected their terrorist weapons: interest-rate swaps and credit default swaps. Now they needed to determine if they actually “worked” – i.e. if their scam-victims were gullible enough to be fooled by bankster double-talk, and if our legal systems would “tolerate” this massive, systemic fraud...

...credit default swaps are a scam which is very complex in its execution, while mind-numbingly simple in concept. First, the bankers pour gasoline all over the houses that they wish to “burn down”. Then they find “chumps” who are willing to write-up “fire insurance” policies on all of these homes – with the bankers being the “beneficiaries”, even though they don’t own any of the homes. The bankers then set all of the homes on fire, and then collect their insurance proceeds.

Translating that metaphor to the real world, the “houses” were sovereign European states. The “gasoline” was the massive debts which the banksters had goaded these governments into taking-on, through promising them that the $trillions in credit default swaps which the banksters were writing-up would magically allow all of these countries to all borrow much more money, at lower interest rates than ever before – forever.

To call this a “Trojan Horse” maneuver would be giving the sovereign governments who were duped by this preposterous nonsense too much credit. Rather, it was more like the cliché of the cartoon-villain who hands a “birthday cake” to his target – except that the candles are actually lit sticks of dynamite, and (of course) the victim never notices the suspicious “candles”...

...With their “test case” a huge success, the banksters were now ready to officially unleash their economic terrorism on Europe. It has been painful in its simplicity. It begins with the U.S. propaganda-machine (i.e. the mainstream media). They were instructed to all don their “Chicken Little” costumes, and then to run around shrieking (“24/7”) that “the sky was falling” in European (and only European) debt markets. The very same American media pundits who write day-after-day about the “Euro debt crisis” (across an ocean) have found the “U.S. debt crisis” to be totally invisible – despite the fact that the level of insolvency within the U.S. exceeds even the worst of the Euro debt-sinners. This propaganda-campaign began in earnest late in 2009, and has been relentlessly maintained ever since.

This made the actual “terrorist attacks” in the credit default swap market child’s play. Wall Street terrorists began massively “shorting” all of these credit default swaps. The shorting increased the level of risk/leverage on the credit default swaps themselves, while the relentless propaganda increased the perceived level of risk on this debt. The combination of these forces, pushed the “prices” for this “insurance” sky-high.

Because the size of the credit default swap market grossly exceeds the size of the debts themselves, “the tail can now wag the dog”. Driving up the prices on the so-called credit default insurance now directly drives up the interest rates on European sovereign debt.

At best, many of these Euro nations were barely solvent before the Wall Street terrorists began driving up European interest rates with their terrorist attacks. Since that time, they have caused interest rates for Greece, Ireland, and Portugal to roughly triple, while their newer victims/targets (Spain and Italy) have also seen their borrowing costs explode.

This has made the anti-Europe propaganda and the shorting of the credit default swaps the proverbial “self-fulfilling prophesy”. The more they “short and shriek”, the higher interest rates go, making these nations even more insolvent, causing interest rates to go still higher. Wall Street terrorists can now literally drive European interest rates to any level they desire – with one proviso...

Full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133

The Two Sides of Precious Metals Propaganda

As we witness another “sudden”, “unexpected”, and temporary reversal in the prices of gold and silver, no doubt most precious metals bulls are surprised by this lurch lower in prices. In this respect, I will claim to be less surprised than most of my peers – as I had been noting the “clues” as to how and when the next “sell-off” (i.e. ambush) of gold and silver would occur.

Sophisticated gold and silver bulls are attuned to the bearish/negative propaganda released by the anti-gold banking cabal (through their “emissaries” in the mainstream media). While we are not influenced by it, we take note of it in order to determine how gold and silver are being manipulated lower, and when gold and silver will turn higher (or rather what condition will trigger that move).

What most in the sector are not aware of, however, is that these propagandists put in almost as much time and effort on their “message” on days when gold and silver are surging higher – and no anti-gold/anti-silver propaganda is plausible. The reason is simple. Propaganda is a form of control. To maximize that “control” it is just as important to dominate the bullish commentary on precious metals as it is to “lead the choir” on the bearish side. Thus the propagandists are highly motivated to get you to believe them about what is “causing” gold and/or silver to go higher on days the metals are rallying.

The particular case in point is highly illustrative. Any reasonably knowledgeable precious metals bull understands the primary “driver” of gold and silver prices: the out-of-control (and soon hyperinflationary) money-printing of global central banks. It is the simplest arithmetic to observe that if most/all of the paper “money” is being diluted at a rate of 10% (or more) per year, while the supply of “good money” (i.e. gold and silver) is only rising by roughly 2% per year that you only want to hold gold and silver.

As I have explained in the past the concept of diluting currencies through money-printing is identical to the dilution of a company’s share structure when it prints-up a lot of new shares. Only an idiot would hold shares in a company which recklessly/continuously reduces the value of those shares through serial-dilution...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Rhetoric on U.S. ‘Deficit-Reduction’ is Nonsense

In every way, the “negotiations” between Republicans and Democrats on “deficit reduction” are a complete joke. As always, the best place to start when engaging in logical analysis is with definition of terms.

A “deficit” is the annual budget-gap between what a government spends, and what it brings in with revenues. Officially, the U.S. deficit has never exceeded $1.6 trillion. Obviously, you can’t “reduce” a number which has never exceeded $1.6 trillion by $4 trillion – but it sure sounds impressive when you spout such drivel.

Back in the real world (a place shunned by both U.S. politicians and the mainstream media), here is what is really taking place at the political circus in Washington. Republicans and Democrats are (supposedly) negotiating to reduce a small portion of future U.S. deficits, totaling $4 trillion over a period of many years. Suddenly this “Grand Bargain” doesn’t sound quite so grand, does it?

In fact, if they wanted, U.S. lawmakers could proclaim an even “bigger deal” when these anti-climactic “negotiations” mercifully come to an end: they could “reduce the deficit” by the same amount each year – but continue this “deficit fighting” over a 100 years (or a thousand), and “reduce the deficit” by $20 trillion, or $50 trillion (depending on how “hard” these deficit-hawks were prepared to “fight”).

The general problem here is an obvious one: the U.S.’s debts, liabilities, and current deficits are so gigantic (and totally unsustainable) that merely reducing the annual deficits by 15%, or even 25% falls far, far short of what is necessary for the U.S. to avoid outright bankruptcy. Thanks to the harsh mistress known as “compound interest”, the only way the U.S. economy can avoid bankruptcy is to eliminate the deficit completely now, and return to real budget surpluses – not the ‘smoke-and-mirrors’ budget “surpluses” which the Clinton regime pretended to achieve...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Saving ‘Small Business’ In The U.S.

In the commentary which preceded this “U.S. Small Businesses Face Extinction”, I pointed out the comprehensive strategy which the U.S. government had undertaken which amounts to nothing less than “small business genocide”.

On the one hand, these businesses face a very punitive and extremely discriminatory tax regime, where small businesses are essentially forced to pay all of the taxes for medium- and large-sized corporations in the U.S. – whose own taxes are next-to-nil, thanks to $100’s of billions per year in corporate tax welfare. Compounding this, the Wall Street Oligarchs have essentially cut-off all credit to this segment of the U.S. economy, except under the most usurious terms.

On the other hand, the U.S. government has been equally ruthless and effective in annihilating the customers who purchase the goods and services of these small businesses: the U.S. middle-class. Their own “genocide” is also well on its way to completion.

In this commentary, I will describe the path to salvation for these businesses – the “backbone” of the U.S. economy (and any/every other economy as well). Because small businesses are the economy, it should come as little surprise that part of this survival-strategy involves generally breathing some “life” back into the U.S. economic corpse.

Obviously the first place to start in U.S. economic reform is with the discriminatory corporate taxation. Here the solution is obvious: simply erase any/every item of law in the tax code which bestows $100’s of billions per year of tax-avoidance welfare for larger U.S. companies. As I pointed out in the last piece, once the “loopholes” for all these large, corporate deadbeats had been eliminated, the overall corporate tax rate could be slashed by roughly half. Since small businesses have almost zero access to current corporate tax welfare, they would be large net “winners” in this equalization process...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Zitat von wef

Bullionbulls,

please stop using this translation program. You are making a complete fool of yourself!

The german translation of your (english) texts is completely ridiculous! Sue the responsible person for the translation program!

Wef, the Google translation software is very inconsistent - but not totally useless.

It is regularly used by users of our site. It is also used by one of the German-speaking members of our site to translate German into English when he posts there. And while occasionally it reads like gibberish, most times I am able to understand the meaning of the passage. Given that there is no reason to assume that the English->German translation is any more impaired than the German->English, I would assume that such translations here are generally of at least a little use.

Zitat

So ein Eintopf-Gerede.(a) Und dann noch der arme JP MOrgan. Der ja angeblich ungerechterweise zum Monster gemacht wird.(b) So ein Gekaufter Schmierling.
a) Kastner und Faber haben oft recht gehabt. Diese angeblichen Aufbläser haben den 1.Mai (grob!) vorausgesehen. Nach dem Schmierling hätten sie so etwas gar nicht sehen oder sagen dürfen, da sie ja nur bullisch sind.

I cannot give any "credit" to those commentators who claim to have "predicted" the take-down of the precious metals sector in the month of May. As we all know, the drop in silver was caused by the actions of the CME Group - actions which were totally arbitrary.

Obviously as a matter of elementary logic, no one can "predict" an arbitrary event. You can only guess about when such an event takes place. This is obvious as soon as the person tries to "explain" their prediction. As a matter of logic it is "circular reasoning".

Elevating "guessing" and calling it a "prediction" doesn't change the fact that these people were guessing. It is important that we understand such obvious points of logic - as this allows us to see how "shallow" are these short-term "predictions".

Ich kann keine "Kredit" zu den Kommentatoren, die auf "vorhersehen" Anspruch der take-down der Edelmetalle Branche in den Monat Mai. Wie wir alle wissen, der Tropfen in Silber wurde von den Aktionen der CME Group verursacht - Aktionen, die waren [b] völlig willkürlich [/ b].

[b] Offenbar als eine Angelegenheit der elementaren Logik, niemand kann "vorhersagen" eine beliebige Veranstaltung [/ b]. Sie können nur entstehen, wenn ein solches Ereignis stattfindet erraten. Dies ist offensichtlich, sobald die Person zu "erklären" ihre Prognose versucht. Als eine Sache der Logik ist es "Zirkelschluss".

Elevating "erraten" und nannte es eine "Vorhersage" ändert nichts an der Tatsache, dass diese Menschen waren zu erraten. Es ist wichtig, dass wir solche offensichtlichen Fragen der Logik zu verstehen - dies ermöglicht es uns, zu sehen, wie "flach" sind diese kurzfristige "Prognosen".

Silver: It’s All About Inventories

While I have long since given up the “hunt” for intelligent analysis from the mainstream media on the silver sector, I have also become somewhat frustrated with much of the commentary I’ve seen from the more reliable/better informed commentators within the silver sector. Two “camps” seem to have emerged, separated by what I can only describe as a logical disconnect.

On the one hand, we have a group of very vigilant and bullish commentators who are squarely focused on the melodrama of ‘evaporating’ inventories now taking place in the Comex exchange (and any/every other warehouse where significant amounts of silver can still be found). Their reporting, while insightful, is almost surreal.

They are essentially engaged in a “countdown” until some “default” event occurs in the silver market, something these commentators look forward to with extreme anticipation, as to them this would signify “the end” of the silver-manipulation game the bullion-banks have been playing for the last 30 years (and actually much longer). Conversely, since such a default event directly implies the financial disintegration of the ‘monster’ silver-short, JP Morgan, I have much more “mixed feelings” about what such an event portends...

Full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Deutsche:

Silber: Es ist ganz über Vorräte

...Hätte Silber erlaubt worden, um zu $ 50/oz vor zehn Jahren steigen, ist es sehr wahrscheinlich (wenn nicht sicher), dass dies ein langfristiges Gleichgewicht am Markt vertreten sind. Doch dank einem weiteren Jahrzehnt illegalen Bankster-Kurzschluss verwüsten Silberbestände, ist es jetzt eine Sicherheit, dass keine "langfristigen Gleichgewicht" für Silber wäre ein Preis auch beinhalten in drei-stellig. Natürlich sind diese Angebot / Nachfrage-Fundamentaldaten durch die Währungs-Verdünnung (dh inflationsbereinigt) von der out-of-control Geld-Druck von derselben Clique von Bankern verursacht multipliziert.

Der absolute "Gesetze" mit Vorräten in die Märkte sind ebenso unveränderlich wie das Gesetz der Schwerkraft in der Physik. In der Physik wissen wir mit Sicherheit, dass "was geht, müssen unten kommen". In Märkten, die wir mit Sicherheit wissen, dass, wenn Vorräte sinken, die Preise steigen.

Es ist sehr selten, dass ein Investment-Versicherung die Möglichkeit, die solche 100% iger Sicherheit bietet zu haben. Angesichts der sich entfaltenden wirtschaftlichen Katastrophe von der westlichen Banker Oligarchen (und die Politiker, die ihnen zu dienen) erstellt, werden die Menschen noch nie so "Versicherung" so dringend brauchte. Verpassen Sie nicht Ihre Chance.

Volle Kommentar: http://translate.google.com/tr…ry%26Itemid%3D130&act=url

Economic Forecasts: Lies or Idiocy? Part II

In the first part of this commentary, we observed how the entire body of “experts” and “economists” who populate the mainstream media had not only shown a stunning collapse in the accuracy of their forecasts, but that their lack of accuracy was entirely due to a large, persistent bias toward optimism (i.e. an “economic recovery”).

I offered two explanations for the sudden and pervasive change in the behavior and performance of this group. The “obvious explanation” was that these people were nothing but cynical shills, deliberately “pumping” markets in order to induce investors to funnel their money into Wall Street’s crooked casinos (i.e. U.S. equities markets).

I also discussed the explanation put forth by two Reuters writers who had compiled the data I used for reference, that this behavior was based upon the assumption of “mean reversion” by these experts: simply assuming that our economies would revert back to “normal”. I explained how even if we accepted this explanation that it directly implied that these experts were doing nothing but “guessing” about our economies. And they weren’t even good guesses.

I pointed out how the massive debt-loads which Western economies have inflicted upon themselves and the enormous costs of servicing those debts make it mathematically impossible for our economies to perform at a level equal to the previous (“normal”) trend. Thus, if we accept the Reuters explanation for the sudden, massive failure of these experts to forecast (and understand) our economies it implies incompetence and outright negligence at a phenomenal extreme...

Full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133

Economic Forecasts: Lies or Idiocy? Part I

There was an interesting report from Reuters today, which (for the first time) takes an aggregate look at the utterly futile/incompetent “forecasts” which have been inflicted upon us by Western “economists” and “experts” over the past four years. It is nothing less than a litany of failure and disgrace.

There are two aspects to this piece which make it very useful. First, it provides a considerable list of anecdotes illustrating the mind-numbing incompetence of these mainstream prognosticators. Then it goes one step further and offers an explanation for such pervasive failure. Let’s begin with the former.

- The May U.S. non-farm payrolls report and Philly Fed Index both reported numbers worse than the lowest “forecast” of the dozens of “experts” who participate in those surveys for the mainstream media

- In June 2008, not one of the “top-24” economists in the UK predicted a recession (with “similar” figures in the U.S.)

- None of the 24 “experts” polled by Reuters predicted that the UK economy would contract in the fourth quarter of 2010.

- Those same “experts” were too optimistic on 20 out of 27 categories of economic statistics for the U.S., UK, and the Euro zone for both the months of April and May

More generally, the margin of error for these pseudo-experts in their predictions for GDP have gone from 0.1% (pre-crisis) to 0.5% (today). Put another way, their forecasting of this vital economic statistic is now only 20% as reliable as it was a mere four years ago. What Reuters fails to add is that the huge increase in the bias/inaccuracy of these forecasts is invariably to the up-side...

Full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133

New Rules For Western Banks, Same Hypocrisy

“The more things change, the more they stay the same.” That old cliché certainly applies to to the financial system of Western nations, and the banking cabal which pulls the strings of our puppet-governments.

Bloomberg and other U.S. propaganda outlets are trumpeting the news that Western bankers and (so-called) ‘regulators’ have reached a deal on new capital requirements for these fraud-factories. According to ECB-chief Jean Claude Trichet, lead banking-shill on the far side of the Atlantic, the new rules bring stability to the Western banking system and “address moral hazard”. Quite obviously these anemic new rules do neither.

First a look at the numbers. Some Western banks will be forced to raise their capital requirements by “up to 2.5%”. In fact, some of these banking oligopolies will only have to raise their capital by a mere 1%, while some of these fraud-factories won’t be required to raise any additional capital at all. To understand how recklessly inadequate these new rules actually are requires some context.

To begin with, the current capital requirement for these big-banks (who have placed bets totaling roughly $1.5 quadrillion in the derivatives market alone) is a microscopic 2% of “assets”. Let me repeat this: the same insanely reckless, pathologically greedy bankers who have placed bets amounting to 20 times the size of the entire global economy are currently able to “back” only 2% of those bets (and the actual value of that “2% in assets” is highly suspect).

Bankster apologists will argue that with increased capital requirements of “up to 2.5%”, that this would more than double capital levels for the (minority of) banks which have the maximum reserve-levels imposed upon them – and thus this “fixes” that problem. To rebut such nonsense requires some additional context. In that respect, China’s banking system is the perfect example...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Bankers Declare War on Commodities

Some may suggest that my choice of subject for this commentary is misplaced, given that the “reason” why the oil market plummeted yesterday was the big oil-dump of 60 million barrels by the International Energy Agency (IEA). My reply to that is that the response of all of the commodities markets to that news demonstrates conclusively that the bankers are attacking all commodities.

Furthermore, half of the 60 million barrels came from the U.S.’s “Strategic Reserve” – and as we all know, no government serves the interests of the international banking cabal more slavishly than the U.S. government. Once we look at this development in detail, the motivations become completely transparent.

To begin with, yesterday’s action by the IEA was a “fundamentals” based development in the oil market (even though totally artificial), in that it clearly changed the supply/demand parameters – if only over a short-term basis. Thus, if our markets were free (or “open”, or “rational”, or any other synonym for “legitimate”) then those markets would have responded in accordance with that change of fundamentals.

In the case of the commodities complex, for obvious reasons the fundamentals for the oil market (in terms of supply and demand) are completely inverse to the demand profiles of all other commodities (except for other energy commodities). Because oil remains the key component of our 21st century global economy, any increase in the price of oil functions exactly like a broad-based tax increase...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

Bankers Declare War on Commodities

...müssen wir uns fragen, warum diese Trading-Algorithmen Grundlagen trotzen, anstatt umarmt sie? Hier gibt es nur zwei mögliche Erklärungen - und beide voll und ganz unterstützen meine ursprüngliche Hypothese. Eine naheliegende Möglichkeit ist, dass diese Algorithmen völlig manipulative (dh illegal), und der Grund, warum sie so programmiert werden, ganz zu bewegen im Tandem ist, weil der einfachste Weg, um den gesamten Komplex von Waren zu manipulieren, ist mit einem einzigen Algorithmus. Der Versuch, Rohstoffe als Ganzes zu manipulieren, wenn sie zu sind in verschiedenen Richtungen durch verschiedene Trading-Algorithmen verschoben wäre immens problematisch - ähnlich wie "Herding Cats".

Natürlich gibt es eine andere, ebenso naheliegende Möglichkeit hier, eine, die regelmäßig her ist von mir und anderen Autoren in die Edelmetalle Sektor genutzt werden: dass eine einzige, dominante Treiber nun Regeln Rohstoffe heute (die sogar ertrinkt-out der Angebot / Nachfrage-Grundlagen). Offensichtlich, dass "Fahrer" ist die rücksichtslose, völlig beispiellose Geld-Druck von westlichen Bankiers.

Currency-Verdünnung ist die einzige "fundamental", die alle Waren in gleicher Weise Auswirkungen, und so ist es die einzig mögliche legitime Grundlage für die Programmierung der Handel Algorithmen, um alle Waren zu bewegen in einem identischen Muster haben. Dies bedeutet, dass die einzige mögliche Erklärungen aus der Bankster sich für die Wiedergabe von "Pied Piper" auf den Rohstoffmärkten ist, dass sie glauben, dass ihre eigenen verwässernden Geld-Drucken ist so out-of-control, dass es alle anderen Grundlagen ertrinkt, oder sie können einfach bestätigen dies "reine" (illegalen) Manipulationen werden...

Volle Kommentar: http://translate.google.com/tr…ry%26Itemid%3D131&act=url

The Real Nightmare of U.S. Mortgage-Fraud

As I write this piece, U.S. state and federal politicians continue to edge closer to “cutting a deal” with the Wall Street fraud-factories who have destroyed the entire U.S. land-title registry (can anyone forget this “60 Minutes” clip?). Sadly, because most people in Western nations have lived their entire lives with a completely secure land-title registry system, the American people don’t have the slightest clue about the severity of this legal nightmare.

The extent of this real estate catastrophe can be partially illustrated through first explaining the basis (and need) for a totally secure land-title registry system, followed by an illustrative example of the fraud-nightmares which can occur in a system which has lost its safeguards.

With respect to the former point, this is impossible to overstate. Over the past century, many of our most prominent legal and economic commentators have argued that the highly evolved system of Western property rights was the critical component which separated the (extremely) prosperous Western economies from all other jurisdictions on Earth.

To those who lack a sophisticated understanding of such legal issues (and their market implications) this may seem like hyperbole. However, when we expand upon how secure property rights translate into economic prosperity, it becomes easy to see the validity of this claim.

Let’s express this principle first in its positive form. Any market which provides security of title will enjoy a significantly higher rate of economic activity and higher asset prices. The reasons why a secure system of property rights ensures this are many and obvious. It starts with an elementary premise: buyers know that they will get what they paid for...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Bullion Blows-up Banksters

When precious metals commentators (including myself) talk about the pathological fear/hatred which bankers exhibit toward gold and silver, we typically focus on their aversion to higher bullion prices – as being the “canary in the coal mine” which warns us that banker money-printing has spun out of control.

There is, however, an even more fundamental antagonism which the paper-pushing “elites” feel toward precious metals: the simple act of holding bullion is effectively an involuntary “de-leveraging” of the endless $trillions in bankster Ponzi-schemes which have totally contaminated nearly all Western economies.

Readers should not confuse my title with the popular “take down JP Morgan” campaign spearheaded by a few so-called “silver vigilantes”. When I talk about bankers being “blown up” by bullion, this is an entirely passive process. First of all, our purchasing of bullion (as has been often explained) is a defensive move to “insure” our dwindling wealth against the currency-dilution inflicted upon us by the excessive money-printing of the bankers. Secondly, the “harm” caused to the bankers by bullion is indirect, and entirely a function of their own excessive behavior.

Let me quickly cover the first premise by once again reviewing the monetary abomination known as “fractional reserve banking”. In the typical, modern “fractional reserve system”, each time we deposit a (paper) dollar with a bank (or invest it), our eternally greedy bankers are allowed to effectively print-up ten more dollars, loan them out into the economy (or “invest” them) – and thus that $1 dollar suddenly becomes $11, with the other $10 dollars being a windfall created (literally) out of thin air, which has neither been “earned”, nor does it have anything at all “backing” its value...

Full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Deutsche:

Bullion Blows-up Banksters

...Lassen Sie uns Back-up, um die grundlegende Prämisse, auf der Fractional-reserve banking existiert: wir investieren oder Hinterlegung einen Dollar mit einem Bankier, und dann sind sie rechtlich erlaubt, dass US-Dollar zu verdünnen, indem überall von einem Faktor von 10:1 oder 30:1 . Doch jedes Mal, dass wir eine unserer US-Dollar zu nehmen und investieren es in Edelmetalle, brechen wir diesen Zyklus der Verdünnung (und Währungs-Zerstörung).

Da dies den Kauf von Goldbarren nimmt, haben wir damit begonnen, den Kreislauf der seriellen währungs-Verdünnung zu schwächen, und effektiv de-nutzen unsere eigenen Finanzsysteme. Beachten Sie, dass diese "unfreiwillige Deleveraging" der Wall Street (insbesondere) wurde aus 100% notwendig, da das völlige Versagen der servile Politikern und korrupten Regulierungsbehörden Lauf-in den 30:1 Wahnsinn an der Wall Street. In der Tat, nach einer kurzen drop-off (als es noch keine "Trottel" zur Verfügung, um ihre Wetten zu nehmen), geben Sie alle Berichte, die die Wall Street Vampire ebenso genutzt werden heute, wie sie, bevor sie zerstört fast das globale Finanzsystem waren die ersten Zeit - nur dass dieser wahnsinnigen Hebelwirkung ist jetzt in noch weniger Händen konzentriert.

Dies bedeutet, dass Individuen Goldbarren sammeln, sich persönlich zu versichern und zu isolieren ihren Reichtum aus der fraktionierten-Reserve Piraterie des modernen Bankgeschäfts, die zusammen unser Handeln zu versichern und sind isolierende unsere ganze Volkswirtschaften gegen die unvermeidlichen wirtschaftlichen Gemetzel wie das Papier-Blasen kollabieren - einschließlich aller die wertlosen, Fiat-Währungen sich...

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Thirty-Year Mortgages = Mortgage Rape

As a natural “contrarian” I was forced to incorporate a “quirk” into my research going all the way back to my days in university. Not being able to find research materials which coincided with my own positions, I would read materials which supposedly supported an opposite point of view – and then explain how such research actually supported my own viewpoint.

I had another opportunity to resort to that technique this morning, as I scanned a rather absurd piece of Bloomberg propaganda. Bloomberg had managed to find an anecdotal account of a U.S. homeowner who had actually shortened the term of their mortgage. Bloomberg then proceeded to call this a “trend”, and kicked-out a laughable headline about “equity-building” by U.S. homeowners.

Meanwhile, back in the real world, nearly 30% of U.S. homeowners have “underwater mortgages” meaning that overall, U.S. homeowners have less equity in their homes than at any time in history. Bloomberg could have found a more credible topic if it had chosen to talk about “sunbathing in Antarctica”. However, as is often the case, in attempting to present a totally ridiculous scenario and market it as “fact”, it has instead disclosed one of the banksters’ “dirtiest little secrets”: the economic rape, or debt-slavery which these big-banks have created by extending the length of mortgages for countless millions of homeowners.

To illustrate this principle, I need only revert back to the anecdotal account supplied by Bloomberg. It noted that the U.S. couple which had cut in half the length of term of their mortgage from thirty years to fifteen years was only paying $250/month more on their mortgage but repaying principal twenty times as fast. This was accomplished largely due to the fact that by dramatically reducing the term of their mortgage, the couple qualified for an interest rate more than 30% lower than their previous interest rate (i.e. from 7% to 4.5%)...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

The False-Flag Attacks on ‘Speculators’

We are being bombarded with an unprecedented amount of propaganda from the mainstream media today, on a daily basis. Yet with so much objectionable material to choose from, I would argue that none of this propaganda is as odious or malevolent as the relentless attacks by media talking-heads against “speculators”.

According to media mythology, virtually all of our problems in markets today are being caused by speculators. Oil (and gasoline) prices are too high? Blame the speculators. Silver inventories are totally gone? Blame the speculators. Food-riots are taking place in more and more developing economies. Blame the speculators.

About the only thing that can be said unequivocally about this propaganda is that “speculators” bear 0% of the responsibility for any of these problems. If this is so, then why such a venomous propaganda-campaign against these scapegoats by the media? Simple. Because the mainstream media has been instructed to conceal the real cause of the significant stresses and imbalances which exist today in virtually every sub-sector of the commodities complex: the insane, destructive money-printing of the Federal Reserve, and its 0% interest rates.

There can be no possible argument here, as the evidence is overwhelming: the monetary policies of the Federal Reserve are destroying savers...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Deutsche:

Die False-Flag Angriffe auf "Spekulanten"

...Silber Vorräte / Vorräte wurden von 90% in den letzten Jahrzehnten stark gesunken sind (und noch fallend). Es ist das elementarste Logik des Marktes zu beachten, dass, wenn wir "run out" von etwas, dass der Preis Angebot-up ist wegen der Knappheit (nicht "Spekulation"). Hier nochmal die Fakten sind eindeutig: der Zusammenbruch der Bestände Silber wurde zu 100% durch die Jahrzehnte von böswilligen "Kurzschluss" von der gleichen Wall Street Vampire.

Regelmäßige Leser wird sich mit mir tragen ein weiteres Mal, als ich diese elementare Konzept zu erklären. Alles, was ist "unter-Preisen"wird über-verbraucht. Preis Schokoriegel bei 10 Cent pro Stück, und in ein paar Tagen den Regalen wird entkleidet werden. Der böswillige Leerverkäufe von Silber durch die Wall Street Vampire fuhr der Silberpreis auf ein 600-Jahres-Tief. Als Ergebnis haben unsere Vorräte Silber völlig verdampft. Fall abgeschlossen.

Es ist ebenso offensichtlich, dass die logische Folge Auftraggeber hat auch wahr sein: So wie zu niedrige Preise die Ursache für die Zerstörung von Silber Vorräte waren, höhere Preise die einzige mögliche "Heilung" sind - wie sie gleichzeitig stimulieren mehr Silberproduktion, während Dämpfung der Nachfrage . Diese Tatsachen machen es absolut eindeutig, dass die CME Group "Angriff"auf den Silbermarkt (durch fünf Schnellfeuer-Wanderungen in Margin-Anforderungen) war völlig illegitim.

Die einzige Möglichkeit, dass die globale Silber Lagerbestände jemals wieder aufgebaut werden wird durch die wesentlich höheren Preise, die erforderlich sind, um Gleichgewicht zu schaffen. Es ist in diesem Zusammenhang, dass Silber Investoren nicht "Spekulanten" - sie sind "Naturschützer": Schutz der winzige Rest des globalen Silber Lagerbestände noch nicht von Bankster-Kurzschluss zerstört...

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Bet on Gold and Silver, Not U.S. Treasuries

Regular readers know that I often look for inspiration/ideas for my commentaries from readers – via their comments and mail. This is especially true when I see the same theme crop-up in the thoughts of multiple people, as it’s a likely indication of a topic with broad appeal.

So it is with today’s commentary, except that in this case the source of my “inspiration” was not our readers. This subject was first raised in a recent interview I did with “TheStreet’s” Alix Steel, and later in a conversation with a colleague. Clearly there is a considerable amount of consternation over the near-term future of markets – and our economies. However, I would strongly argue that one area where we do not need to suffer doubts or anxieties is with respect to our precious metals holdings.

Both Alix Steel and my colleague were focused on the will-he-or-won't-he game of “chicken” which Federal Reserve Chairman B.S. Bernanke has been playing with markets, the broader American public – and the U.S.’s creditors. What makes this especially tricky for “Helicopter Ben” is that these various entities all have entirely different perspectives and agendas.

The market’s perspective is a simple one, borne entirely of naked greed: it simply wants to see more and more and more money-printing, which it can then use to pump-up valuations even higher. The American public wants to see more jobs, and more purchasing-power in the banker-paper they carry in their wallets (i.e. less erosion in the value of the dollar, which has translated to much higher prices for necessities). Ordinarily, those two desires are opposite in our debt-based economic systems (you can only have one or the other), however Ben Bernanke has accomplished the unique achievement of having mismanaged the U.S. economy to the point where he can (and will) fail in both of the Fed’s legislative mandates...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

Setzen Sie auf Gold und Silber, nicht US-Treasuries

...Als $ Billionen USD in die fieberhaft auf der ganzen Welt, dass Wohlstand (verzweifelt) für "ein neues Zuhause" suchen wird abgeladen, wie die meisten der weltweit anderen Fiat-Währungen nur wenig sehen weniger als die USD selbstmörderisch sich. Mit Gold und Silber, die bereits weltweit "Währungen der Wahl" seit dem Crash von '08 gewesen, den Appetit auf "gutes Geld"kann nur exponentiell steigen, da einige (alle?) dieser Fiat-Währungen beginnen ihren unvermeidlichen Scheitern.

Vor zweitausend Jahren, hieß es, dass "alle Wege führen nach Rom"- und dann die mächtigen Reiches, brach vor allem aufgrund von Währungseffekten-Verdünnung. Heute, da die neueste "mächtiges Reich" ist am Rande des eigenen Zusammenbruch (wieder aufgrund von Währungseffekten-Verdünnung), sehen wir, dass zumindest in wirtschaftlicher Hinsicht, "alle Wege nach Gold und Silber führen."

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Precious Metals and Currency Dilution

As we saw recently during the May take-down of the gold and silver markets, not only was there a large cast of buffoons referring to the silver market (in particular) as a “bubble”, but an even greater number were asserting that at the least there had been a “top” in these markets. It is really difficult to envision a conclusion which demonstrates more fundamental stupidity.

When I head to the supermarket to do my grocery shopping, the same loaf of “premium” bread which I could purchase for about $2/loaf three years ago today costs me roughly $4 today. Obviously since it is the same loaf of bread, there can be no argument that I’m getting a “better” loaf of bread for twice the price. Instead, it is unequivocal that the purchasing power of the paper in my wallet has fallen by half in just three years.

I could come up with numerous other examples of items with such massive “price increases” (i.e. equivalent collapses in purchasing power) – especially with respect to food items. This broad-based explosion in prices totally rebuts any possible argument that particular items are “getting expensive”. The only exception to that would be with respect to goods where there are now acute shortages. In those cases however, prices have tended to explode by an even greater amount.

What this translates to is that the rampant inflation which has already sparked rioting (and revolution) in many poorer nations is totally a phenomenon of out-of-control currency dilution, which is the same thing as saying out-of-control money-printing. Yet we observe the inability of practically the entire body of “experts” to understand the concept (and effects) of currency dilution, despite the fact that these same individuals have no problem understanding the concept of “dilution” when it is applied to the share structure of a corporation...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

Edelmetalle und Währung Dilution

...So schlimm wie diese Währungen Papier über die kurzfristige, ihre "Wert" sehen (?) ist sogar noch schrecklicher, wenn sie mit einer langfristigen Prisma betrachtet. Wie viele bereits wissen, in der rund 98 Jahre seit der Federal Reserve im Jahr 1913 erstellt wurde, hat es geschafft, etwa 98% des Wertes aus dem US-Dollar Knock - und seine rücksichtslose Geld-Druck in den letzten Jahren übersteigt jede andere monetäre Verderbtheit im gesamten Rest seiner Existenz.

Deshalb ist die Unze Gold, die bei weniger als einem Dollar geschätzt wurde 30/oz wenn die Federal Reserve war nun Kosten über $ 1500 erstellt (fünfzig Mal mehr), wenn Sie die gleiche (ausschweifenden) Papier. Mit dem US-Dollar einer der weltweit stärksten (Papier) Währungen über diesen Zeitraum hinweg mit der Leistung anderer Währungen (und die Banker mit dem Schutz dieser Währungen anvertraut) wurde ebenso trostlos.

Was dies bedeutet ist, dass, wenn eine Gruppe von Hundertjährigen hatte jeder umgewandelt $ 1.000.000 Dollar in verschiedene Papier Währungen im Jahr 1913, während man sein Papier Gold, heute die Gruppe von einem "Millionär" würde zusammen umgewandelt hatte - und eine Gruppe von fast -Arme brach...

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