Beiträge von bullionbulls

Propaganda and Rigged Markets

To any who analyze our daily “news” (rather than simply absorbing it like a sponge), it has been obvious for quite some time that the information with which we are bombarded each morning is not “news to inform us”, but rather disinformation to deceive us, and conceal the farcical rigging of global markets. Few days provide as stark an illustration of that disinformation campaign as today.

Upon awaking and discovering that gold and silver had dropped a couple of percent overnight, I do what I always do. I immediately went to Kitco.com – for all of the anti-precious metals propaganda which would be put out to “explain” this move in markets. I was particularly well-rewarded today, as the gold bears at Kitco had furnished no less than four anti-gold headlines, telling all the sheep why gold and silver should be moving lower today.

With two of those items focusing on the economic data out of China, I will take that as my cue that the China news is the principal “explanation”of the propagandists for the moves today in bullion markets. The “news” was that China’s economic growth accelerated faster than expected by the “experts”.

What this directly implies is that China’s demand for commodities (which includes gold and silver) will increase, the Chinese people will have more money in their wallets to buy these commodities, and this will increase inflationary pressures – making gold and silver much more attractive investments as hedges against that inflation. This is why virtually every time economic news of this nature comes out, gold and silver have been strongly higher on the day...

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

Fed Playing Wall Street Roulette

A major U.S. bank has recklessly leveraged its balance sheet, and then engaged in totally fraudulent accounting to hide massive losses on very risky bets. Then, instead of “deleveraging”, it uses its crooked accounting to report phantom-profits, and makes huge pay-outs on those phantom profits, which in reality is doing nothing but ratcheting-up the bank’s leverage even further.

Sound familiar? Indeed, I’m sure most readers are thinking “give me more clues, or I’ll have no way of knowing which Wall Street bank you’re talking about.” In fact, according to none other than Bloomberg, this is the formula which every Wall Street bank used in reporting their first quarter “profits”. However, in this case, the “bank” to which I’m referring is the Federal Reserve.

Despite my own cynicism regarding the Apex of Evil in the U.S. criminal syndicate known as its “banking sector”, even I was shocked with the Fed’s degree of insolvency – and how thin is the veil of lies which hides that insolvency. I owe my education in this regard to (of all people) a former Fed governor, interviewed (of all places) on CNBC’s “Kudlow Report”. When the Fed’s insolvency is being openly spelled-out by a former Fed governor, on a media outlet which has been a staunch supporter of the banking cabal, then that’s a pretty thin “veil”...

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

Zitat von auratico

Verschiedene Gemüter wie u.a.Ted Butler oder Antal Fekete haben bekanntlich in der Vergangenheit Mutmaßungen darüber angestellt, ob, und wenn ja wie, die riesigen, vor allem von JP Morgan gehaltenen Silber-Shortpositionen in einem Zusammenhang mit China stehen.

Aus aktuellem Anlaß dazu eininge weitere Links von anderen Autoren zu Archivzwecken:

Is JPM Covering Up a Naked Silver Short Held By China As a Claim Against the Yanks?

Auratico, I don't find this theory at all persuasive.

To begin with, "shorting silver" equals DESTROYING silver, since what the decades of shorting (and other manipulation) has done is to destroy roughly 90% of global stockpiles/inventories. For someone to suggest that China is "accumulating" silver by destroying silver makes no sense at all - and would be very un-Chinese.

Further, anyone who reads through the link I posted on "The Silver Stealers" would never even CONSIDER that China would work WITH the same bankers who destroyed its economy once already.

This is a theory which needs to to be tossed out with the trash...

Somewhat shamefully, I'll admit this is the first time I've posted a link to the work of another author (Charles Savoie).

However, to make up for this, what is contained in this link is nothing less than HUNDREDS OF YEARS of history about silver explained (to the best of my knowledge) for the first time. This is NOT "easy reading" - especially for those whom use English as a second language.

Take it in piece by piece. This is an extraordinary body of research which will not only permanently change my views on the silver market, but on many of modern histories greatest events. It is a "must read" for anyone here who wants to consider themselves a "knowledgeable silver investor".

"The Silver Stealers"

http://www.silverbearcafe.com/private/metals.html

Precious Metals Default Scenarios

...silver was written off by those with no understanding of precious metals as merely an “industrial” commodity. As a matter of common sense, the rapid increase in industrial demand for silver must make it more “precious” rather than less so.

Illustrating this elementary logic, the combination of gross under-pricing and surging industrial demand has served to decimate global silver stockpiles and inventories. Noted silver researcher Ted Butler has estimated that global stockpiles of silver plummeted from over 6 billion ounces (fifty years ago) to approximately 1 billion ounces today. Silver is literally six times “more precious” today than it was a half-century earlier. In terms of “inventories” (the amount of silver actually available for sale today), the destruction caused by the bankers is even more apparent...

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

Precious Metals Default Scenarios

For obvious reasons, there has been a great deal of discussion about actual, formal “defaults” in the gold and silver markets. Among those “obvious reasons” is that informal defaults are apparently already taking place in both markets.

Beginning in the London gold market over a year ago, and now rumored to be occurring in New York’s “Comex” silver futures market, buyers who have legally contracted to take “physical delivery” of the metals they have purchased are said to be accepting large, paper bribes to accept a “cash settlement” instead.

There are many reasons for investors to take such “rumors” seriously. Empirically, we see the premiums being charged for physical bullion (even from large, established dealers) rising to levels never before seen (around the world). This strongly suggests a very tight market for bullion. This is confirmed through the anecdotal reports of both industrial users and large institutional investors (such as Sprott Asset Management) that they are having a great deal of difficulty locating any large quantities of bullion available for sale...

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

Deutsche:

Precious Metals Default-Szenarien

...als "Barausgleich" weiterhin erhalten größer und häufiger, irgendwann ein oder mehrere große Aktionäre in diesem Bankier Ponzi-Schema gehen, um ihre Nerven zu verlieren, und bestehen auf reale Goldbarren statt Papier Bestechungsgelder. Ein solches Ereignis muss nicht in einem offiziellen Standard führen. Es muss lediglich "Spuk der Herde".

Als Wort wird von einigen prominenten Investor verweigert jede Menge Banker-Papier für physikalische Goldbarren (dh echtes "Geld"), führt dies zu den Inhabern von $ 100 Milliarden Dollar von "Papier Barrenblei Produkte sich zu fragen, eine sehr spitze Frage: "Ich bin Besitz Barrenblei oder bin ich Besitz 'Papier'?"...

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Dismal Holiday Shopping Season Dooms U.S. Economy

...when I report that the 2010 U.S. shopping season was even worse than 2008 and 2009, it will hopefully cause those deluded by all the hype to pause and reconsider the facts.

Whenever discussing retail sales statistics, the first point which must always be made is that these numbers are never adjusted for inflation (not even with the phony numbers of the U.S. “consumer price index”). This leads to a very obvious analytical point: in order to determine if there was any real growth in U.S. retail sales (i.e. retailers actually selling more goods), we must subtract the (real) rate of inflation from the gross (unadjusted) increase in retail sales. Doing this reveals the ugly truth.

The most important number we need to begin this calculation is the real rate of inflation. As regular readers know, there is only one destination for those who want realistic statistical information on the U.S. economy: Shadowstats.com. Visit that site, and John Williams (the respected economist who runs the site) will tell you that as of his most recent reading, U.S. inflation was still running at about an 8.5% annual rate of increase.

Now the raw data from the U.S. retail sector. Comparing December 2010 to December 2009, we see that total retail sales rose 7.9%. Subtracting 8.5% from that number, we see that the sales of goods in the U.S. fell in December 2010 – to below the level of the two worst (previous) shopping seasons on record. If we look at the full-year numbers, the picture is even worse. Total U.S. retail sales in 2010 were up 6.6%, nearly a full 2% lower than the rate of inflation...

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

Paper Currencies = Derivatives

As the Wall Street Oligarchs move closer and closer to destroying the entire global financial system with their own greed-bloated casino (otherwise known as the derivatives market), this has had the unintended consequence of beginning to create awareness in the general public about what Warren Buffet dubbed “financial weapons of mass destruction”.

With the beginning of such awareness, it’s now possible to discuss and explain how these paper instruments function – without immediately causing the eyes of most readers to glaze-over as they are overwhelmed with jargon.

In their simplest form, “derivatives” are self-explanatory: they are financial instruments derived from something which exists in the real world. When Western bankers inflicted the derivatives market upon us, they billed it as a means to “increase liquidity and reduce risk”. In fact, the bankers have used this totally opaque market to make the largest, most reckless bets in the history of humanity (i.e. to increase risk dramatically) – which is how this paper “bubble” has swollen to somewhere around the $1.5 quadrillion level (more than twenty times as large as the entire global economy).

We can no longer attach precise numbers to this market, ever since the Bank for International Settlements changed its “definition” of this market – which magically shrunk it to 1/3rd its previous size, overnight. Of course with the BIS being nothing but a money-laundering institution to facilitate the bankers’ involvement with the (illegal) drug-trade, it has never been a credible source for information...

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

Deutsche:

Paper Währungen = Derivate

...Post-1971 Papier Währungen sind jetzt "convertible" zu nichts. Das Papier selbst ist offenbar wertlos. So wird in jeder und jedem Sinn, die Papierfetzen wir herumtragen in unsere Portemonnaies sind heute reine "Derivate" - Derivate des Geldes. Dies wird noch deutlicher einmal sehen wir, wie diese Währung angeblich seinen Wert.

Um zu versuchen, künstlich ein paar "Wert" von offensichtlich wertlosen Papieren ist alles Papiergeld nun durch die Emission von Schuldverschreibungen angelegt. Insbesondere haben (privat) Zentralbanken ein "Monopol", um bis alle unsere Währungen (aus der "dünnen Luft") gegeben, und dann durch "Verleihen" diese wertlosen Papieren zu unseren Regierungen (und Aufladen uns Interesse an diesem wertlos Papier), verleiht dieser angeblich "Wert" zu diesen Währungen.

Was dies bedeutet ist, dass die einzige Art, wie wir jetzt anhängen kann jeder Eigenwert zu unserem Papier Währungen von ihnen als "IOU's" denken. Die offensichtliche Frage ist: "Ich schulde dir was?" Die ebenso naheliegende Antwort "nichts" ist. Wenn wir auf "Einlösen" diese Papier IOU's suchen, sehen wir sofort, dass sie nur "erlöst" werden mehr Papier...

volle kommentar: http://translate.google.com/tr…commentary%26Itemid%3D131

California Stumbles Closer To Bankruptcy

...This is an economy which has been in an admitted “economic crisis” since 2007. Yet in a new piece discussing the nightmare of the current fiscal year – a $19 billion budget-gap (plus $6 billion in unpaid bills from last year) – was the revelation that this is composed of a $10 billion collapse in revenues + $9 billion in spending increases (inherited from the “fiscal conservatives” known as Republicans).

To already be hopelessly insolvent, and then to ratchet-up spending is the obvious behavior of a deadbeat. Sadly, the combination of massive corruption and political gridlock is severely compounded by the refusal of U.S. governments to “govern”.

In what is purely the abdication of responsibility, California (like most U.S. states) has deliberately chosen to “tie its own hands” when it comes to economic (mis)management. Even if total political gridlock didn’t make it impossible for state “leaders” to take the first “baby steps” in controlling exploding debts/deficits, the choice of U.S. states to permanently entrench unsustainable spending and permanently entrench inadequate taxation into their budgets must result in bankruptcy...

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

Deutsche:

Kalifornien stolpert Closer To Insolvenz

...Europäischen Nationen werden derzeit von wirtschaftlichen Terroristen der Wall Street (über Credit Default Swaps) für den Versuch "Strenge" bombardiert wird und (erwartungsgemäß) scheitern. Diese Nationen sind, weil sie andernfalls dupliziert die gleiche verfehlte Politik, dass die westlichen Nationen gebracht haben an den Rand des wirtschaftlichen Selbstmord sind: Quetschen diejenigen auf der Unterseite (die bereits ausgequetscht), während sie sich weigern, selbst berühren die große Horden von Reichtum angesammelt durch diejenigen an der Spitze.

Umgekehrt in der Ponzi-Schema Volkswirtschaften der USA lokalen, staatlichen und föderalen Regierungen sind diese deadbeats bereits so hoffnungslos insolvent, die lediglich versuchen, Sparmaßnahmen (wie es in Europa geschehen) würde allen Ebenen der US-Wirtschaft auf, unverzüglich Ursache implodieren...

volle kommentar: http://translate.google.com/tr…commentary%26Itemid%3D132

The Illusion of the U.S. Savings Rate

...The error here comes from treating a number which is nothing but a simple average as if it was broadly applicable to the entire population. A hypothetical numerical example will illustrate this mistake.

Let us assume that the “U.S. population” was comprised of fifty individuals: one billionaire (who managed to save $50 million dollars last year), and 49 poor people – who all saved nothing. The “savings rate” for this population would be (on average) $1 million/year. Does this mean that all of the poor people in the U.S. became “millionaires” last year? Obviously not.

Similarly, it is an utterly meaningless number to state that the “U.S. savings rate” was 5% or 6%, when all of that “saving” is being done by the fat cats at the top. We know that this is unequivocally true from all of the other empirical evidence around us.

Ten’s of millions of Americans have lost their jobs, or been forced into part-time work. Ten’s of millions of other workers have seen their wages falling. Meanwhile (in the real world) Americans are being ravaged by high inflation (such as the 59% annual increase in health insurance payments in California). Yet we are supposed to believe that despite falling incomes and rising expenses that the “savings” of these individuals has suddenly spiked?...

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

CDS Markets: The Ultimate Ponzi-Scheme

...A “CDS” contract is nothing but make-believe “insurance”. The party wanting to issue more debt ensures that there is some chump purchasing a CDS contract on their debt, and then merely on the basis that this debt is now “insured”, the debtor magically gets to pay a much lower interest rate on the debt they issue. Indeed, the “magic” of these CDS contracts is precisely how the banksters duped idiot-politicians and institutional debtors to amass more than $60 trillion in CDS contracts – roughly equal to the entire, global GDP.

That’s right, one single banker Ponzi-scheme (primarily created by the odious Wall Street Oligarchs) has grown as large as the entire global economy and when this debt-bubble bursts it will cause a financial meltdown which will make the Crash of ’08 look like a very pleasant picnic, in comparison.

To illustrate precisely how terrifying this debt-bubble has become, we need only look at how little the world’s worst deadbeats must pay to “insure” their debt. Understand that all insurance is nothing more than a “bet” that the premiums paid to the insurer will exceed the pay-outs to the insured. Thus, the size of these premiums equates to the “odds” which the market has placed on (in this case) the insured party defaulting on its debt...

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

Deutsche:

CDS-Märkte: The Ultimate Ponzi-Schema

...Illinois einfach nicht zahlen sogar $ 6000000000 seiner Rechnungen aus dem letzten Geschäftsjahr (in Höhe von 25% der Gesamtausgaben) und wird demnächst auf einer "Defizit" in Höhe von 50% mehr als seine gesamte Anleihe-und Einnahmen suchen können bringen in.

Kurz gesagt, ist es bereits in Verzug über seine Schulden, und es gibt absolut keine Möglichkeit es genug zu leihen, oder Ausgaben kürzen durch genug, dass es in der Lage, ihre Rechnungen zu bezahlen in diesem Jahr - geschweige denn Catch-up auf dem $ 6000000000 dieses deadbeat verdankt vom letzten Jahr. Es ist hoffnungslos insolvent, bankrott und in allen, aber diesen Namen trägt.

Und um $ 10.000.000 seiner Schulden zu versichern kostet nur $ 350.000. Gamblers gibt (und jeder mit einem halbwegs Verständnis für Zahlen) wird Ihnen sagen, dass die Credit-Default-Swap-Markt ist derzeit Wetten 30:1 gegen einen Standard von Illinois. Dies ist ähnlich wie Herstellung eines 30:1 wetten, dass ein Krankenhaus Patient eine riskante Operation überleben, nachdem der Patient bereits tot erklärt...

volle kommentar: http://translate.google.com/tr…commentary%26Itemid%3D132

Zitat von lehmannxyz

Warum sollten die Republikaner eigentlich nicht dagegen sein? Sie sind doch in der Opoosition. Die "Tea-Party - Bewegung " hat sich doch klar dagegen ausgesprochen.

The "Tea Party" is nothing but a U.S. media sham. It was taken-over by Republican politicians who ALREADY sold their souls to the bankers. The "Tea party movement" serves the Republican Party, and the Republican Party serves the bankers.

What this means is that the only "austerity" which will take place in the U.S. is with respect to spending money on PEOPLE. When it comes to bailing-out states, banks, and other large corporations, "Tea Party" Republicans will be handing out $trillions just like they did in the Bush regime...

Bullion Confiscation: Paranoia, or Justified Fear?

...“Executive Order 6102”, issued by the Roosevelt administration on April 5, 1933 commanded U.S. citizens to turn over all of their bullion holdings, with a few limited exceptions. The official exchange rate for all gold confiscated was $20.67 US, which was the official, fixed price for gold at that time.

There are many observations to be made about this event, and once examined it should be more obvious to people to what extent that threat exists today. To begin with, we must look to the purpose behind that Executive Order. Here, what we see is that there was more than economic strife which motivated this action.

By that time, Hitler had already risen in Germany, and the severely flawed Treaty of Versailles (which resulted from the Armistice of World War I) was increasingly seen as a driver of new hostilities in Europe, rather than the basis for a lasting peace. With the prospects for major, European war once again rising, it was imperative to the U.S. government that it have sufficient financial reserves to engage in its own military build-up.

Here, we must remember that the global monetary system was firmly tied to a gold standard at that time. Thus the only way in which the U.S. government could rapidly increase its money supply to finance its military without shattering the gold standard (as Nixon did in 1970) was to find a way to significantly (and quickly) increase its gold reserves...

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

Bullion Confiscation: Paranoia, or Justified Fear?

...For reasons listed above, however, I now view the issue of “gold confiscation” as a moot point. What surprises me, and what I intend to address in the balance of this commentary is that the issue of silver confiscation does not seem to have even been raised by any other commentator, let alone examined in a serious manner.

In many of my own commentaries, I have gone into detail on the numerous (and ever-increasing) uses of silver in myriad industrial applications. Not only are many of these products of great importance to both consumer and commercial markets, but because of silver’s superb (and unique) chemical/metallurgical properties, in many of these applications there are either only inferior “substitutes” available, or no substitutes at all...

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

Predictions for 2011

...In keeping with tradition, I must first review my predictions for 2010 (here’s where the masochism comes into play). As I attempt to “explain” how and why the world did not unfold as I predicted one year ago, two themes come into play: in one respect, I simply overestimated the speed at which events would progress in 2010; while in the other, I grossly underestimated the human capacity for stupidity.

I expected civil unrest in the U.S. in 2010 (as did the U.S. government when it illegally deployed a unit of the U.S. Army on American soil) due to the widespread recognition that the “U.S. economic recovery” was nothing but a propaganda hoax. Instead, placid American sheep went through all of this year still acquiescing to the delusion that the U.S. economy is “growing”.

Part of the reason I expected the non-existent U.S. “recovery” to be acknowledged is that I considered this the only way that the U.S. government would be able to justify throwing “more than $1 trillion” at the U.S. economy, in attempting to reanimate this corpse. I was wrong here. While the Obama regime threw $800 billion at the U.S. economy (in extending tax-cuts for fat cats), and Bernanke threw another $600 billion at the economy (via more “QE”), these two colossal frauds did so while managing to avoid admitting that all of their rhetoric about a “U.S. economic recovery” was nothing but shameless lies...

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

Deutsche:

Prognosen für 2011

...Jenseits des Atlantiks, wird Europa auch erreichen einen Wendepunkt. "Strenge" wird als nichts anderes als eine besonders schmerzhafte Form der wirtschaftlichen Selbstmord ("schmerzhaft" für alle außer den Reichen, das ist) anerkannt werden. Europa muss zwischen Hochinflationslandes Geld-Druck wählen (so zu tun, der Inhaber dieser Schuldverschreibungen zu zahlen) oder dumm / gierig Anleihe-Inhaber können zu erheblichen "Haar-Schnitte" stimmen - damit Euro Schulden Sünder, um ihre Schulden mit einer Währung noch Service mehr wert als Null ist.

Nachdem grob unterschätzt "Dummheit" im Jahr 2010, werde ich nicht diesen Fehler wieder. Der dumme / gierig Anleihe-Inhabern zu wählen, keine Schulden zu gewähren Vergebung - Sicherstellung, dass sie massive Verluste nehmen, wie sie mit der Nähe wertlos Währung zurückgezahlt werden. Diese Straße, um die Hyperinflation wird zu viel für Deutschland auf Magen, Auslösung eines Break-up der EU und den Tod des Euro (in ihrer jetzigen Form)...

volle kommentar: http://translate.google.com/tr…commentary%26Itemid%3D131

The Impossibility of a Gold Bubble

In an ocean of propaganda, there are few forms of disinformation as annoying as the endless “gold bubble” babble. Typically, precious metals commentators will refute such nonsense by pointing out that compared to other commodity prices today, and compared to the gold price itself in 1980 that gold is still unequivocally “cheap” – and certainly does not represent an asset bubble in any respect.

Despite the quintupling of the price of gold off of its absolute bottom, gold is arguably just as “cheap” today as it was when the price was below $300/oz. The reason is simple: the fiat paper currencies in which the price of gold must be expressed have been debauched/diluted by Western central banks (and the governments they represent) just as fast as the price of gold has been able to rise.

Indeed, more worrisome is the fact that all Western governments look vulnerable to debt-default in their futures, with that fate all but inevitable for several European governments and (of course) the United States. Even worse than that, however, is that all of the actions of these governments make it abundantly clear that they are prepared to embrace hyperinflation (and a de facto default through driving their currencies to zero) rather than formally defaulting – and imposing the “hit” on bond-holders which is the only path to solvency for several of these nations...

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

Deutsche:

Die Unmöglichkeit einer Gold Bubble

...Da die Wahrscheinlichkeit des Ausfalls-durch-zieht von Hyperinflation wird wahrscheinlich fast sicher, diese direkt impliziert eine logische Folge in den Edelmetallen Markt: dass es unmöglich ist für Gold eine Spekulationsblase zu werden.

Es gibt nichts, entweder radikal oder überraschend in eine solche Schlussfolgerung. In der Tat, ich habe dies bereits in einem früheren zweiteiligen Serie über Edelmetalle und Hyperinflation impliziert. Es ist eine Frage des einfachen arithmetischen dass Währungen auf Null gehen, der Preis für Hard Assets (buchstäblich) ins Unendliche zu gehen - mit Gold und Silber, an der Spitze der Liste der "Hard Assets". Dies ist das dasselbe wie zu sagen, dass Gold (und Silber) nicht "fair bewertet" werden, bis der Preis erreicht "unendlich". Und da (per Definition) eine endliche Zahl, die wir in der Lage sind Ausdruck weniger als unendlich ist, ist es mathematisch unmöglich für den Preis von Gold immer ein Niveau erreichen, wo das Gold einer spekulativen Blase darstellen würde...

volle kommentar: http://translate.google.com/tr…commentary%26Itemid%3D131

Precious Metals Propaganda Games

...I was more interested in what Embry had to say about the other side of the gold market: the anti-gold cabal of bankers who have sought to suppress this market ever since they duped Western leaders (and most notably the U.S.) into dumping the gold standard, which allowed them to print infinite amounts of their worthless paper.

In this respect, I will beg to differ with Mr. Embry, somewhat. He observed that the U.S. propaganda machine had (finally) cut back on its plethora of “gold bubble” articles, and he had now been reading that the “reason” why the precious metals market won’t keep going higher is because these markets are (supposedly) “overbought”.

In fact, the propagandists haven’t stopped one form of gold-bashing in favor of another. Rather, what has been exposed is one of the innate weaknesses in propaganda: once a saturation level of propaganda has already been reached, additional attempts at brainwashing will have a steadily diminishing impact – eventually numbing readers/listeners to the point where the propaganda is simply tuned-out...

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

Structural Unemployment for “Dummies”

Let me preface this piece by first telling readers that the “dummies” to whom this commentary is addressed are not yourselves. Nor am I trying to infringe on anyone’s trademark. No, the “dummies” to whom this piece is dedicated are our “leaders” and our “experts”.

It is frustrating to the point of madness to see media talking-heads parrot the phrase “structural unemployment” over and over again while quoting these illustrious individuals, and yet not one of them has the tiniest clue as to the actual meaning of the term. The fact that this situation persists despite having covered this topic several times in my own writing demonstrates one of two possibilities (perhaps both?). Either global leaders and market experts are not (yet) subscribers of my work, or, they read it but couldn’t understand it.

This piece is dedicated to explaining the concept of structural unemployment in such painful simplicity that each and every person who reads it will, in turn, be able to explain it to our esteemed leaders and experts...

full commentary: http://www.bullionbullscanada.…ian-commentary&Itemid=134

How Leveraged Is JP Morgan?

As investor enthusiasm soars in the silver sector, and more and more writers offer their views on this sector, we are now seeing a down-side to the increased “buzz”: we are seeing the over-zealous and/or under-informed begin to make wild assertions about this market – which seriously impairs the ability of more sober voices to make themselves heard.

As is often the case in such scenarios, we start with a piece of concrete information, and then pile atop that fact some sloppy arithmetic, and highly dubious “logic”. The result is nothing but outrageous rhetoric, rhetoric which the anti-precious metals cabal of bankers can use (and has used) to discredit the serious commentators in the sector.

What I refer to in particular are the “reports” from several commentators that JP Morgan is “short 3.3 billion ounces of silver”. Were this true, it would indeed be major “news” – given that best estimates are that the total, global stockpile of silver is roughly one billion ounces. Sadly, this "3.3 billion" number has no more relevance than the numbers released by the U.S. government which it calls “economic statistics”...

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

Deutsche:

Wie Leveraged Ist JP Morgan?

...Die "Hebelwirkung" im Derivate-Markt ist "Papier Hebelwirkung". In der Tat ist die Definition eines "Derivat", dass es ein Papier-Proxy für etwas, was in der "realen Welt" existiert. So wird die gesamte Prämisse der Multiplikation eine bekannte, echte Short-Position durch das Papier Hebelwirkung der Derivate-Markt - und dann zum Ausdruck, dass das Ergebnis als eine Messung des Silber einfach lächerlich.

Mit anderen Worten, wenn wir von JP Morgan (real) kurz-Position mehrfach durch ihre Hebelwirkung im Derivate-Markt ist die "Antwort" nicht eine Messung von Silber, aber eine Messung der Hebelwirkung...

volle kommentar: http://translate.google.com/tr…commentary%26Itemid%3D130

Empty Trucks Symbolize Clueless Canadian Government

The economic policy of Canada’s current, Conservative government can be summed-up succinctly, spraying around vast sums of money in an aimless manner and racking up huge deficits – while idly sitting back and waiting for the U.S. economy to recover.

It simply boggles the mind to contemplate the various degrees of this idiocy. Consider this: cargo trucks busily stream back and forth across the U.S. border. Full trucks from the U.S. head north, while empty trucks from Canada head south.

Our Prime Minister – the self-described “economist” – has staked Canada’s entire economic future on a U.S. economic recovery. And as anyone who has not been brainwashed by the U.S. propaganda-machine realizes there is no “U.S. economic recovery”. Making this situation much, much worse, the Conservatives have shown they are willing to engage in any and every form of self-sabotage of their own nation – merely to try to salvage a dying trade relationship...

full commentary: http://www.bullionbullscanada.…ian-commentary&Itemid=134