Beiträge von bullionbulls

Federal Reserve Shooting Blanks

After five years of (empty) promises; this is it? Today, to the thunderous applause of the Corporate Media, the Federal Reserve announced what is being called “modest tapering”. However, to appreciate how truly trivial and token was the “tapering” announced today requires first stepping back, and recalling what Big-Talk Bernanke was saying five years ago:

…he promised to quickly unwind massive Fed lending programs when the economy improves, so they don’t stoke inflation.

However, after five years of a (supposed) U.S. economic recovery, instead of “quickly unwinding” this reckless money-printing (and 0% interest rate) with the Exit Strategy that Bernanke promised the world again and again; he has tripled his money-printing.

[Blockierte Grafik: http://www.bullionbullscanada.…ybase_fredgraphjuly13.png]

Now, today, after tripling what he promised to “quickly unwind” five years ago; B.S. Bernanke is taking bows because he has reduced one portion of this money-printing (the visible portion) by 10%. But with the Federal Reserve continuing to conceal all of its “lending activities” (among other things); today’s sleight-of-hand is nothing more than another clumsy performance by a Cheap Magician.

For any adults in the audience; B.S. Bernanke has no credibility: promising one thing, doing the opposite, year after year. For today’s announcement of (supposed) “tapering” to possess any legitimacy, this would require that the Cheap Magician show us what he is doing with both of his hands.

Understand that the exponential, out-of-control explosion in the monetary base of the United States (indicated in the previous chart) is a “two-fisted” operation. One hand gives out “quantitative easing” sugar-plums to Wall Street at a nominal rate of $1 trillion per year. Meanwhile; the other hand dishes out an equally sweet treat: (supposed) “0% loans”, funneled into the vaults of Wall Street at an undisclosed rate...

Full commentary: http://www.bullionbullscanada.…l-reserve-shooting-blanks

The One Road To End Precious Metals Corruption

On a near-weekly basis; we are (finally/belatedly) seeing exposed financial mega-crimes which are hundreds of times, and in some cases thousands of times larger than any other financial crime in History. As precious metals investors (and regular readers) are well aware; many of these crimes are perpetrated over and over again in our precious metals markets.

Over the past dozen years or so, many well-meaning individuals and institutions have sought to expose – and thus presumably put an end to – the rampant financial crime in these gold and silver markets. There has been the “smoking gun” testimony of metals trader, Andrew MacGuire. There has been a litany of quasi-confessions from various Western banking officials on past and ongoing efforts to “stabilize” (i.e. suppress) the gold market, in particular.

Then there are the markets themselves. We see prices jerked up and down (mostly down) in large, absolutely vertical moves, on a near-daily basis – an impossibility in any large, legitimate market. We see prices and inventories plummeting straight down, simultaneously – also an impossibility in any legitimate market.

We see the miners who produce these metals being relentlessly driven into bankruptcy, because prices aren’t allowed to rise high enough to even allow these companies to break-even, while at the same time global demand is spiking to unprecedented levels. But to borrow a line from an old movie, “who you gonna call?”

In 1984; Hollywood’s answer to that question was “Ghostbusters”. In 2013, in the midst of history’s worst financial crime-wave, from history’s biggest Crime Syndicate; who you gonna call? No one.

After more than a dozen years of “exposing” the crime in these markets; today these markets are more corrupt than ever, by far. Albert Einstein famously remarked that “the definition of insanity” was to repeat the same action, but expect a different result. This makes most precious metals commentators/activists insane (by definition): continuing to endeavour to “expose precious metals corruption”; continuing to expect a different result...

Full commentary: http://www.bullionbullscanada.…recious-metals-corruption

Limiting Executive Compensation: the Swiss Example

Obtaining perspective with respect to the issue of “executive compensation” requires little effort. One simply compares historical norms with the outrageous excesses of the 21st century.

Go back a century ago; when our governments were solvent, our economies were prosperous, and everyone had jobs, and the pay ratio between senior management and the average worker ranged from roughly 3:1 to 10:1. Flash ahead to the 21st century; when our governments are bankrupt (from a massive revenue crisis), our economies are mired in permanent depressions, and structural unemployment is at all-time highs, and we now often see this ratio exceeding 1,000:1.

CEO’s (allowed to run amok) are awarding themselves compensation hundreds of times more than what they are earning. Let me quantify this more precisely for the mathematically-challenged majority. Being paid 1,000 times more than the median wage rather than 10 times more (the norm) equates to being paid 100 times more than one earns.

But understand that “100 times” doesn’t mean being overpaid by 100%. It equates to being overpaid by 10,000%. Put another way, the “compensation” being stolen by these corporate thieves would have to be reduced by more than 99% to lower it to what these executives actually earn.

Conveniently, Bloomberg has provided us with a corporate Hall of Shame, taken just from corporations listed on the U.S. S&P 500 Index, a (partial) list of the most overpaid CEO’s in an era of the most grossly excessive executive compensation in history:...

Full commentary: http://www.bullionbullscanada.…nsation-the-swiss-example

GATA Now Funded With Rothschilds’ Dirty Money

It’s with a heavy heart that I write this commentary: the corruption of what was formerly an entity of information and truth. My own discovery of this dirty-little-secret came personally.

For approximately four years GATA (the “Gold Anti-Trust Action Committee”) had been publishing my commentaries, and with increasing frequency over the past year, in particular. Then, abruptly, all such publishing instantly and permanently halted.

The basis for this sudden (and total) censorship of my commentaries? I was told that “one of GATA’s most significant individual supporters” had claimed that there were “anti-Semitic” undertones in one of my (more than 1,000) commentaries: “The One Bank”.

There are numerous problems with this false-accusation, beginning with the fact that none of my commentaries (including the one in question) ever mention the ethnicity of any individuals discussed, for the simple reason that this is “analysis” – and only relevant data is included in such analysis.

What, then, was the basis for this false-accusation? I simply used the name of a Jewish family – Rothschild – in one commentary. There was not a single reference to their ethnicity in the entire commentary. There was not a single reference to their ethnicity in any of the research material cited in that commentary. It’s like being accused of “homophobia” for simply mentioning the name of a gay individual, even though never revealing or alluding to their sexual orientation.

Further proof comes in the fact that it took this mysterious, financial “supporter” of GATA an entire month to come forward with this accusation. Indeed, the accusation came immediately after a massive, sustained “cyber-attack” directed against our website had failed to destroy it.

Additional proof comes in the fact that all my work is now censored at this now-corrupt entity, including any/all commentaries which contain no references of any kind even to the original commentary. GATA is not censoring “anti-Semitism”; GATA is censoring “Jeff Nielson”.

More particularly; GATA is censoring the name “Rothschild”, a family so wealthy (and powerful) that they deem it an unpardonable sin for anyone to even mention their name publicly. This naturally begs the question: what do they have to hide?...

Full commentary: http://www.bullionbullscanada.…h-rothschilds-dirty-money

Gold Standard: the Perfect Prescription

Boiled down to the simplest terms; all economies must choose one of two “systems” in which to operate. They can choose a credit-based (i.e. debt-based) economy, or they can choose a “cash” (i.e. pay-as-you-go) economy. This is a simple tautology, and so beyond debate.

This brings us to simple arithmetic. For any society which chooses the credit-based system; this necessarily implies the steady/relentless accumulation of debt. Any (so-called) “credit-based system” where there is no accumulation of debt is, in fact, just a cash-based system.

In turn, the relentless accumulation of debt necessarily implies ever-increasing interest payments, to service all that debt. This brings us to the proposition of simple arithmetic: to make ever larger interest payments and maintain a constant rate of growth is only mathematically possible in an exponential-growth model.

This is where simple arithmetic gives way to insanity. Again as a tautology; an exponential-growth economy is only possible in an infinite system. But we residents of the Planet Earth occupy a finite system – a very finite system.

As we simultaneously confront shortages of oil, drinking water, arable land, and a host of other vital resources; the delusion that our (finite) planet is an infinite system goes from being irrational to insane.

Put another way, pushing the accelerator pedal of an automobile to the floor when there is a brick wall directly ahead is merely “irrational” when that brick wall is 1,000 meters away. But it becomes insane to continue doing so when the brick wall is only 10 meters away. This describes Western economies of today perfectly: pedal-to-the-metal, with a brick wall 10 meters ahead.

Western insolvency has become farcical. Many (most?) Western governments are already at the point where they can only avoid immediate debt-default (i.e. bankruptcy) by fraudulently maintaining interest rates near-zero: assigning near-zero “risk” to the debts of hopelessly insolvent debtors, even after one of those debtors (Greece) has already defaulted. Even that isn’t enough for the U.S. and Europe’s Deadbeat Debtors.

They must also (pretend to) “buy” virtually all of their own debt, with newly-printed paper, conjured out of thin air; backed by nothing – worth nothing – because there are no longer any legitimate buyers for all this bad debt. These economies are now open Ponzi-schemes, and as with all Ponzi-schemes they will soon implode.

The time to discuss what sort of economies we should/must have after Debt Jubilee resets the economies of debt-bloated Western regimes is today. Even after these astronomical bond-debts are erased so that our economies once again become solvent (i.e. sane); we still face the choice of a debt-based or cash-based system...

Full commentary: http://www.bullionbullscanada.…-the-perfect-prescription

Deutsche:

Gold Standard: Die perfekte Rezept

...Dies bringt uns zu dem Goldstandard , oder, wie es oft in der Vergangenheit ( in der Regel abwertende Begriffe ) den Spitznamen : die " goldene Handschellen " . Wie haben ( tut) der Goldstandard verdienen diesen Spitznamen ? Es erzwingt Haushaltsdisziplin - dh eine cash- System - auf die Volkswirtschaften .

Jede Wirtschaft , die sich zu einem Ponzi - Schema wiederum durch gestiegene Verschuldung oder übermäßige Geld - Drucken ( Währung durch nichts gesichert ) bläst relativ schnell versucht - bevor das Ponzi - Schema kann sehr groß werden . Und aus diesem Grund ist ein Goldstandard " eine schlechte Idee " ?

Wir haben keinen Mangel an Beispielen in unserem Leben der Dinge , die " gut für uns " , aber die werden regelmäßig in wenig schmeichelhaften Begriffen bezeichnet, weil sie in den Mündern der einige von uns ' einen schlechten Geschmack hinterlassen " . Spinat, Brokkoli oder , oder Übung sind drei Beispiel , die leicht in den Sinn kommen .

Wir alle wissen, dass Übung ist gut für uns . Aber Versuch, diesen nicht zu solchen Disziplin zu überzeugen, diese Gewohnheit zu umarmen, und ( durch ihre Beteuerungen ) wäre es für andere so , dass wir versuchen, irgendeine Form von langsamen Folter aufzurufen.

So ist es mit dem Goldstandard . Der Goldstandard tut nichts mehr (oder weniger) als Regierungen zwingt , ihre Volkswirtschaften in einer vernünftigen , rationalen, nachhaltig wirtschaften . Und wegen all dieser Tugenden ; der Goldstandard ist unerbittlich falsch von seinen Kritikern als " nicht praktikabel. "

Verhindern unsere Volkswirtschaften ( und Regierungen ) von der Wahl einer wirtschaftlichen Strategie , die nicht nur nachhaltig , sondern garantiert implodieren wird " unpraktisch " erachtet . Dies ist eine völlig vorhersehbare Reaktion.

Nach dem Leben über Generationen von Reue Debt -Addict Regierungen ; diese Reaktion ist nicht anders , als wenn wir gesagt Generationen von Heroin - Süchtigen , dass es (endlich) Zeit, sie zu entwöhnen ihre "Junk" war . Die reflexartige Reaktion dieser Süchtigen wäre, dass berauben sie ihrer Droge war " unpraktisch " ( Kraftausdrücke gelöscht).

Natürlich sind die lautesten Proteste gegen einen Gold-Standard ( und Entwöhnung unsere Volkswirtschaften aus der Schulden ) nicht von den Schulden - Junkies kommen , sondern die Schulden - Drücker : Die Banker . Es ist die Debt - Drücker , die hergestellt den Mythos, dass wir "brauchen" ihre Schulden , und wiederholen Sie diesen Mythos auf einer täglichen Basis ...

Vollständige Kommentar: http://translate.google.com/tr…-the-perfect-prescription

The Truth About Western (Un)Employment

“Structural unemployment” (i.e. permanent unemployment) is nothing new in Western societies. Indeed, it has been a constant fact-of-life in our economies ever since the Industrial Revolution. What is new is the choice by Western governments to ignore this problem – which is now a gigantic crisis.

The dynamics here are as simple as they are unequivocal. At the dawn of the Industrial Revolution; the normal “work week” was approximately 7 days a week, 12 hours a day, more than double the current work week.

What happened? Have Western workers simply gotten “lazier” and “lazier”? Hardly. Rather, they were the recipients of – and now victims of – the Dynamic of Technology. The principal is simple: technology always eliminates the need for labour faster than it creates new employment opportunities.

This has been a constant and unequivocal parameter of Western economies for more than two centuries. With less and less work available every year; the length of the work week must be steadily reduced – as the only possible means of maintaining full employment. Yet in the Age of Computerization (the most-rapid elimination of labour in history), our corrupt/sadistic government have chosen to ignore this dynamic, needlessly causing enormous structural/permanent unemployment in our societies.

Western structural unemployment has been allowed to grow to such an obscene size that it now ranks as the greatest economic plague in our modern history (i.e. since the Industrial Revolution). U.S. data will be used to illustrate the magnitude of this plague simply because it is most easily available; but the plague applies (more or less) equally to all Western economies.

“Total employment” in the U.S. is just over 144 million people, in a population of 317 million. This translates into 46% of the population of having jobs, and 54% not working. Yet we have the U.S. government claiming an “unemployment rate” of just over 7%. Obviously the government lies...

Full commentary: http://www.bullionbullscanada.…bout-western-unemployment

The Great Inflation Lie

Low inflation is not good for the economy because very low inflation increases the risks of deflation, which can cause an economy to stagnate. The evidence is that falling and low inflation can be very bad for an economy.

- B.S. Bernanke, Chairman of the Federal Reserve, October 2013

The economic Revisionism above is arguably the most-evil lie being propagated in the world today. While there are numerous ways to demonstrate the economic perversions implicit in this falsehood, let’s start with one point. The Bankers who continually tell us how “good” inflation is for us never define what they mean by “inflation”.

As regular readers know; definition of terms is the starting point of all legitimate analysis. If you want your audience to understand your argument; first (obviously) you have to ensure that the audience actually comprehends the terminology which you are using.

Conversely, Con-Men have a precisely opposite modus operandi. They deliberately use terms which are poorly-defined/poorly-understood, because when doing so it’s much easier to trick and scam people. In merely explicitly defining inflation; we can reveal these banker Con-Men as the malevolent thieves which some know them to be.

Inflation (in the simplest terms) is the speed at which our money loses its value. This definition is easily proven with empirical evidence. When you go to the supermarket to buy a dozen eggs, and those eggs cost 10% (or 20%) more than they did six months ago, the eggs haven’t changed – in either quantity or quality. It is your money which has lost 10% of its value over that six-month period.

Obviously anyone with a functional mind knows that it is not “good” for our money to relentlessly lose its value; every minute of every day, every day of every month, every month of every year. Who wants the paycheque which they work so hard to earn to shrink (in actual purchasing-power) every time their receive a new one?

Our governments understand this. This is why they not only conceal the nature of inflation, they also lie about its magnitude. A particularly flagrant example of this constant lying occurred in July of last year, and has been cited in many previous commentaries.

In the same month that the World Bank was warning that global food-inflation was increasing at an annualized rate of over 100%, and governments in Asia were having an emergency-summit about this global “food-price shock”; the U.S. government was reporting (as its “broadest measurement” of inflation) a rate of literally 0%.

Assuming that the entire (gluttonous) U.S. population didn’t all stop eating for that entire month; the inflation number reported by the U.S. government that month (in this era of “globalization”) wasn’t simply a lie, it was an enormous lie. But as has been explained to readers previously; the Inflation Lie is a multi-purpose lie.

One of its primary purposes can be seen below: deceiving the Little People (the bottom-80% of the population) so that they don’t realize the speed/extent at which their paycheques have been destroyed.

[Blockierte Grafik: http://www.bullionbullscanada.…soct13_cpi_lies1964on.png]

Full commentary: http://www.bullionbullscanada.…2-the-great-inflation-lie

U.S. Hyperinflation and Cultural Insanity

Hyperinflation is an insidious, economic killer. It inevitably (but insanely) creeps up on its Victims in plain sight, before decimating them with an always unexpected ambush. How can one of the most-obvious of all economic phenomena always end up as a “surprise”?

Because none of the Victims ever believe that hyperinflation is possible. Point out that the U.S. dollar has lost 98% of its value in the 100 years that the Federal Reserve has been responsible for preserving its value, and people will yawn – it’s old news. But then assert that it is about to lose the last 2% of that value, and (amazingly) the response will be laughter and/or derision.

Look at a chart showing a 98% decline in anything, and the expectation will be that the last 2% is also about to be lost. Or, in market vernacular; “the Trend is your friend.” It is irrational, bordering on insane to expect such a chart to reverse itself, or even stabilize. Indeed, it is charts of this nature which spawned the expression “past the point of no return.”

Yet when people look at charts of currencies, in this case worthless paper currencies; the mere suggestion that a currency could go to zero is a concept literally beyond the comprehension of nearly all of our populations. If a person finds it impossible to conceptually conceive of lions, then a lion could simply walk up and eat that person.

We will not/cannot protect ourselves from a “risk” which we do not believe to be within the realm of possibility. One does not take precautions to protect themselves from the “risk” of man-eating butterflies, or killer-bunnies. Thus is hyperinflation perceived by the masses: the Threat of the Killer-Bunnie.

In less-extreme forms; the inability to acknowledge/accept (obvious) reality could be described as “normalcy bias”. Because almost all Change (even large changes) is impossible to perceive in real-time; it is a common human intellectual flaw to expect tomorrow to be like today (or yesterday). A tomorrow which is not like either today or yesterday is not perceived to be within the realm of possibility.

However, with respect to hyperinflation we are not dealing with mere Normalcy Bias, but rather its substantially more-extreme cousin: Cultural Insanity. There are several empirical reasons for reaching this more dramatic diagnosis.

Obviously hyperinflation is not a Killer-Bunnie. There are numerous, documented historical examples of this economic killer. There is a very recent historical example (the Zimbabwe dollar), and there are several extremely obvious examples of hyperinflation currently in progress (Western, paper currencies)...

Full commentary: http://www.bullionbullscanada.…ion-and-cultural-insanity

Western Credit-Rating Fraud Exposed -- Again

...The world’s largest economy, sitting with the largest debts and largest deficits in the History of the World openly “debates” whether or not to continue paying its bills, it ends up (supposedly) only hours away from official debt-default, and there is no reaction? Having regularly used words such as “drones” and “parrots” to characterize the ever-vigilant minions of the Western, Corporate Media; this one event alone provides absolute vindication.

During the worst days of the “Euro Debt-Crisis” (so far); European governments received regular downgrades to their sovereign debt on only the flimsiest of pretexts, sometimes due to nothing more than the (fraudulent) manipulation of credit-default swap rates on that debt (i.e. the multi-trillion dollar bets made that these governments will default on that debt).

The “insurance market” (credit default swaps) for the debt of many European debtors is greater than the actual debts themselves. The Tail does “wag the Dog” in our crime-ridden financial markets. And by fraudulently manipulating credit-default swap rates; Western banksters can (and do) manufacture downgrades on Euro economies (or vice versa) – and by doing so, they can drive interest rates to literally any number they desire…but they don’t do this in the USA.

With the U.S. government a mere hours away from debt-default, and sitting with (in actual fact) more than $200 trillion in debts/obligations; the U.S.’s Teflon, “AAA” credit rating remains intact. An economy which the Chairman of the Federal Reserve has now acknowledged is a Ponzi-scheme, retains a carved-in-stone “AAA” credit rating.

The obvious question is: would/will the U.S. economy be “downgraded” at all after it defaults on its astronomical debts and liabilities?...

Full commentary: http://www.bullionbullscanada.…ating-fraud-exposed-again

Countdown

...As has been explained many times in the past; with the money-printing and debt now both well past any point-of-no-return, only two outcomes are possible for our economies (and societies) – and one or both of these outcomes must occur in the near future. A familiar chart articulates this better than any words can do.

[Blockierte Grafik: http://www.bullionbullscanada.…ybase_fredgraphjuly13.png]

This is the money-printing which B.S. Bernanke spent six months telling the world he was going to begin to taper. A vertical line. Pedal to the metal. Yet after six (more) months of “crying Wolf”; Bernanke couldn’t bring himself to ease off the accelerator even the tiniest degree, warning the world the U.S. economy would collapse if he did so.

The U.S. economy (and with it, the other Western dominoes) has become nothing but a surreal, real-life version of the movie “Speed”. It’s not going anywhere, but it has to go there as fast as it can – or it will blow up. There are two important differences between “Speed” and the U.S. economy, however.

In “Speed”, there were actually people attempting to defuse the bomb on the bus. And “Speed” was just a movie. The U.S. economy is real-life, and here no one is even trying to defuse the bomb.

For five years; B.S. Bernanke has promised us that he was going to defuse the bomb, through one of his “exit strategies”. But after five years of lies; Bernanke is about to be replaced by someone even more “dovish” on the money-printing meter. More importantly; if Bernanke couldn’t pull the trigger when the U.S. economy was supposedly “growing”, obviously no Bernanke successor will do so now that the U.S. economy has clearly begun accelerating downward (again).

[Blockierte Grafik: http://www.bullionbullscanada.…locitym2v_max_630_378.png]

In previous commentaries; I have equated the money flowing through our economies as the “blood” of these economies, for obvious reasons. It is literally the “capital” in capitalism. But if money is the blood of our economies, very obviously the velocity of money (above) is the heart-rate. And as readers can clearly see; the U.S. economic “heart-beat” now barely registers – having plunged to all-time lows.

The only way this coma-economy will ever be taken off of its money-printing life-support is to euthanize it...

Full commentary: http://www.bullionbullscanada.…ommentary/26434-countdown

CFTC Silver Probe: See-no-Evil, Hear-no-Evil, Speak-no-Evil

When the world’s largest commodity futures “regulator” releases the results of a five-year probe; one expects to see a detailed, thorough, and well-reasoned analysis. What we see instead is a pathetic exercise in pseudo-logic – which could have been written in its entirety in a single afternoon. “Shallow” cannot begin to describe the lack of depth in this probe.

Indeed, one would not even attempt such a vacuous non-response to the question/issue of silver manipulation unless they were absolutely certain that their findings would not be questioned in the slightest – as poking holes in this drivel is proverbial “child’s play.” Thus in releasing such a farcical probe, this directly implies a totally corrupt (Corporate) media – one which only parrots, never questions.

Fortunately the CFTC has been kind of enough to place all of its pseudo-reasoning in bullet-point form, saving readers precious minutes of their lives which they would have otherwise wasted in going through its drivel line-by-line in order to expose this Big Lie. This makes the task of analysis simple: list these bogus arguments, expose the gigantic, unstated assumption (and omitted facts) upon which these “reasons” are based – and then translate them back into the Real World...

...All of this report is totally and completely predicated upon one, single assumption, with the exception of arguments (2), (3) and (4), which (because of their specific nature) are also based upon separate, false assumptions and missing facts.

The huge assumption upon which the entire CFTC report rests is that the silver market was “normal” at the time it commenced its sham-analysis, a market with supply and demand in balance, and prices in equilibrium. We know that this is an assumption in all of the CFTC’s reasoning, because never once does it attempt to address how its analysis would differ if one did not assume a market in perfect balance...

Full commentary: http://www.bullionbullscanada.…ear-no-evil-speak-no-evil

Bernanke: U.S. Economy Is A Ponzi-Scheme

Having allowed a couple of days for the tidal wave of mainstream, post-“tapering” nonsense to subside; it’s now time to look at the facts, as once again The Boy Who Cried Exit Strategy got in front of microphones to say “just kidding.”

At the time that B.S. Bernanke originally began his musings now known as “tapering”; it had already been observed that the U.S. pseudo-recovery was “longer than average duration” – i.e. it was already past its expiry-date. After stalling for 4 ½ years, and failing to deliver on all his previous promises of an “exit strategy” – while the U.S. economy was relatively “strong”(?) and supposedly growing – no rational government (or central bank) would ever time the withdrawal of stimulus to coincide with the end of a growth-cycle.

“Tapering” was always a hoax.

Simply talking about tapering caused interest rates (i.e. borrowing costs) on U.S. ten-year Treasuries to nearly double; and naturally/inevitably those higher borrowing costs filtered through the entire U.S. economy. Thus in simply talking about tapering for seven months; the Banksters created so much economic “drag” on the U.S. economy that if Bernanke had actually, finally delivered on (yet another) “exit strategy” promise, it could have only been interpreted as deliberate economic suicide.

“Tapering” was always a hoax.

There is a delicious irony here. The “latest rounds of QE” – the current, $1 trillion per year of totally gratuitous U.S. money-printing – are not actually “new” money-printing at all. These infinite stacks of Bernanke-bills were being conjured into existence just as quickly before these “announcements”, it simply wasn’t being reported/declared.

It was counterfeit money, in every sense of the word. This was explained in a previous commentary. The original problem? No buyers (anywhere) for U.S. Treasuries – at “all-time record prices”. The solution? Counterfeit money.

Secretly print-up $trillions in counterfeit Bernanke-bills, and use that counterfeit money to “buy” U.S. Treasuries in auctions which (conveniently) had just been made totally opaque. Readers have seen or heard my description of the new-and-improved “Treasuries auction” previously.

A stack of Treasuries is placed on a table. The lights go out. (Sounds of paper-shuffling are heard.) The lights come back on. The stack of Treasuries is gone. “Auction” complete...

Full commentary: http://www.bullionbullscanada.…economy-is-a-ponzi-scheme

When The Financial Stealing Ends

Tomorrow, outgoing Federal Reserve Chairman B.S. Bernanke will do one of two things (while his “friends and supporters” continue to sharpen their knives). He will either (formally/finally) announce the absurdly-hyped “tapering” he has promised; or he will back-down on yet another Exit Strategy – as he has done again and again for the past 4 ½ years.

My own prediction, expressed in my last commentary is that this time the Boy Who Cried Exit Strategy will actually follow through on a promise – because he has been ordered to detonate the severely-crippled U.S. economy. The “signposts” couldn’t be more obvious: record equity prices; maximum leverage in markets (can you say “bubble”?). The perfect time to Fleece the Sheep.

As was pointed out in that commentary, even the propaganda machine itself has now explicitly stated that this is the worst possible time to begin “tapering” – and they (deliberately) left out the best argument to make that point. The U.S. pseudo-recovery (in historical terms) is already well past its expiry-date.

This detonation is being timed when the government knows that a cyclical downturn must commence in the U.S. economy, compounding all the structural weaknesses which have never been addressed: mass unemployment, Great Depression-wages, saturation insolvency at all levels of government, etc., etc., etc.

Readers have also been warned about the utterly predictable chapter to follow this staged crash: “bail-ins” come to North America. South of the border; the Wall Street Vampires have created assorted asset-bubbles – to entice the “suckers” whom P.T. Barnum assured us are born every day, and create plenty of their own “bad debts”, for which they will (once again) demand indemnification.

North of the border, as has also been previously explained; Stephen Harper has manufactured a fat, juicy housing-bubble – a direct “homage” to the previous U.S. housing-bubble, in that Harper has deliberately duplicated that blueprint of destruction in nearly every respect. Canada’s Conservative government has also been (by far) the most-blatant in declaring its “bail-in” intentions; crafting these rules-for-stealing into its current Budget. A “sense of urgency” perhaps?...

Full commentary: http://www.bullionbullscanada.…e-financial-stealing-ends

Zitat von Desertfighter

Karen Hudes

The One Bank

Suicidal Tapering Signals Bernanke’s Demise

Approximately one month ago; I wrote a piece entitled U.S. Prepares To Detonate Market Bubbles. The gist of that piece was that after pumping-up several new bubbles in the U.S. economy (and taking the Wall Street fraud-markets to record-highs) that it was time for the Banksters to detonate those bubbles – and cash-in (on the “short” side) on the way down.

Even more specifically, it was suggested in that piece that Federal Reserve Chairman B.S. Bernanke was being set-up as the Scapegoat for the market-crash to follow. Today, Bloomberg substantially bolstered this prediction with a headline of its own:

Fed Message Muddled as Misunderstood Taper Meets Slowing Growth

Here we have one of the most loyal defenders (i.e. pumpers) of Helicopter Ben now throwing him an anchor in his hour-of-need. Truly there is “no honour among Thieves.” The gist of Bloomberg’s article? Not only has Bernanke done a terrible job of “communicating” his proposed “tapering”; but he’s now preparing to ease back on the money-printing at precisely the wrong time.

The hilarious irony here, of course, is that it is media shills like Bloomberg which ultimately assume most of the responsibility for “communicating” the strategies of the various suit-stuffers in government and/or the Fed. Compounding Bloomberg’s hypocrisy; it has religiously supported B.S. Bernanke decisions over the past 4 ½ years to pull-back from any Exit Strategy (previously), and Bloomberg itself has been (had been?) one of the most-zealous cheerleaders in advocating “tapering” at this time.

But when the U.S. economy goes down; there will be only one “captain” remaining on board. All of the (other) Rats will have already deserted the ship which they (first) built and (then) sunk.

So the ending is already clear. The U.S.S. Titanic is about to be intentionally sunk (again), and B.S. Bernanke’s “fingerprints” will be planted all over the crime scene. Let’s take a closer look at the Script – since doing so says more about the Liars in the Corporate Media than it says about the U.S. economy (and Bernanke’s role in destroying it)...

Full commentary: http://www.bullionbullscanada.…-signals-bernankes-demise

The New Gold Myth

Actions have consequences. In the market for any physical good (i.e. a commodity), though the laws of supply and demand can be warped, and their corrective dynamics delayed – through brute-force manipulation – they can never be permanently resisted.

For this reason, the Banksters themselves know they are fighting a losing battle with respect to the price-suppression of gold (and silver). They can delay the rise in their prices to fair market value (even to the point of keeping them permanently undervalued), but they cannot eliminate the relentless upward pressure which, one way or another, must result in higher prices.

An important part of permanently keeping prices below any rational valuation is to keep market participants ignorant of the actual fundamentals which are producing this upward pressure. In the jargon of the mainstream propaganda machine; this is known as Controlling The Message. If you cannot prevent market participants from forming the view that “bullion prices should be higher”; ensure that this belief is based upon the wrong reasons.

With respect to precious metals (and nearly every class of “hard asset” except real estate); these assets are ridiculously undervalued for one absolutely predominant reason: the insane over-printing (and relentless currency-dilution) of our fiat paper currencies. The simple fact that all assets are priced/denominated in this paper is, alone, strongly suggestive that this will be the dominant variable in market pricing for any asset.

What elevates this money-printing from merely one of the drivers of precious metals markets to the absolute driver of bullion prices – and the prices of all hard assets – is the sheer magnitude of this money-printing insanity. At the risk of boring regular readers; nothing communicates this point like a picture:

[Blockierte Grafik: http://www.bullionbullscanada.…ybase_fredgraphjuly13.png]

A vertical line. U.S. money-printing going straight up, which in the realm of mathematics can only be expressed one way: infinite money-printing (i.e. infinite currency-dilution). “Infinity” as a multiplier, renders all other variables mathematically irrelevant. The money-printing is going straight up, so hard asset prices should be going straight up with it. All other analysis is mere distraction...

Full commentary: http://www.bullionbullscanada.…y/26360-the-new-gold-myth

Bloomberg: Smashing The Big Banks -- For Profit

Four hundred years of economic theory (and economic History) tell us that oligopolies (in any form) are totally parasitic behemoths, which should never be allowed to exist in any legitimate economy. Thus as the (only) Messenger broadcasting the need to whittle-down the corporate monstrosities in the financial sector back within the realm of sanity, my messages have previously been framed in such basic, theoretical terms.

Incidentally, these arguments have observed that (contrary to Corporate Media mythology) these gigantic financial institutions are not even efficient. They have long since passed any economies-of-scale where “bigger is better.” Instead, these Big Banks now exhibit all of the characteristics of clumsiness, inertia, and general inefficiency which all of the Small Government zealots point to – in insisting that “Big Government” needs to be shrunk.

“Smashing the Big Banks” does not have to be justified on mere grounds of morality or economic theory alone. It can also be successfully argued that these behemoths need to be scaled-down on grounds of pure economic efficiency. Thus even if all these Big Banks weren’t (in reality) mere cogs of a single Banking Monopoly; there are multiple, sound arguments for dismantling these parasitic predators – and zero arguments justifying their continued existence.

Indeed, Bloomberg itself now reports that “breaking up JPMorgan” would currently produce an instant profit of 30% -- on the asset-value of the components alone – and then its increased profitability as it (once again) operated as a collection of (separate) more-efficient pieces would kick-in:

…JPMorgan Chase and Co. (JPM), the biggest U.S. bank by assets, would be worth 30 percent more if broken into its four business segments.

Of course why stop there? Those “four business segments” were each already too big themselves. Why not smash JPM into ten or twelve roughly equal parts – and make this profit/efficiency orgy even greater? The fact that any/all initiatives to splinter these Big Banks produces (cumulative) immediate reductions in overall systemic risk is just icing on the cake.

In writing previously that “too big to fail = too big to exist”; my arguments were always framed in terms of the insanity of creating a financial system which is nothing but a permanently ticking time-bomb. Additionally, the entire mantra of “too big to fail” is nothing but a (very) thin veil for financial extortion:

“Give us all your money, or we’ll blow up the economy.”

Clearly in a world which places “profit” ahead of morality and sanity, my smash-the-Big-Banks initiative would generate much greater traction if framed in more appealing terms: a chance for everyone to make (a lot of) money. The alternative paradigms facing us are an illustration of stark simplicity...

Full commentary: http://www.bullionbullscanada.…-the-big-banks-for-profit

Western Real Estate Bubbles Exposed

It is understandable if many readers choose to view the current financial nightmare concocted by Western bankers as an “economic Hell”, however it would be only a moderately appropriate metaphor. To truly capture the quality and severity of the economic conditions confronting the average person requires adjusting that metaphor to the notion of Twin Hells.

There are clearly two prongs which have been crafted by the banking cabal (via our Puppet Governments) which they use to skewer their victims, what has been described in previous commentaries as simply the Rape of Savers. The “high inflation” caused by wildly excessive money-printing (most-particularly in the U.S.) is obviously one of those Hells.

This theft-by-currency-dilution is as obvious as it is appalling. Currently the One Bank’s “Wall Street division” receives approximately 10% of U.S. GDP each year in literally “free money” - printed by the Federal Reserve and then handed to the Wall Street banks. These Big Banks are then allowed to “leverage” this free money (legally) by up to 30:1 (and illegally even further).

This “leverage” is accomplished by these fraud-factories effectively being allowed to all “print” their own money. Now do the math: 10% (of GDP) X 30 = 300% of GDP (every year). Can anyone see a problem here? In the perverse fantasy-world known as the “U.S. CPI” (and now virtually duplicated by other corrupt Western governments), we’re told that inflation is very low – even “too low”. Meanwhile, back in reality a “food inflation crisis” already ravages the Planet Earth.

Hyperinflation is being delayed through the One Bank simply building a much bigger time-bomb. Most of the mountain of free money handed to it by the U.S. central bank (and the European Central Bank, and the Bank of England, and the Bank of Canada) is used for its own gambling in its private casino: the derivatives market – and is thus (somewhat) sequestered from the so-called “real economy”.

With the Derivatives Bubble already somewhere in excess of twenty times the entire global economy in size; the “fuse” on the Banksters’ hyperinflation time-bomb has already burned critically low. But that’s only one prong.

The other prong, while less overtly malicious is just as insidiously destructive: 0% (and near-zero) interest rates. High inflation by itself is merely an “assault” on savers. In legitimate economies, high inflation is always accompanied by high interest rates; allowing Savers some capacity to fight-off this assault...

Full commentary: http://www.bullionbullscanada.…al-estate-bubbles-exposed

China’s Golden Feast On Western Folly

Low prices lead to high prices.

The (latest) two-year price-suppression campaign from the banking cabal targeting the precious metals sector provides a text-book illustration of this economic principle. When you cripple the supply-chain, stimulate demand to record levels, and decimate inventories; much, much higher prices are the only possible result – higher than if there had been no price-suppression in the first place.

This is an inevitable fact of arithmetic. The inventory-destruction which must accompany all price-suppression can only be repaired through (simultaneously) stimulating supply and restricting demand. And the only possible mechanism to accomplish this is higher-than-equilibrium prices. However, this marks only the beginning of the causality-chain set in motion by any/all campaigns of price-manipulation.

Actions have consequences. It is with particular respect to the actions of malevolent Actors that the Law of Unintended Consequences is most-likely to rear its head. In other words, benign actions tend to produce benign consequences (intended or otherwise). It’s only when one intends evil that those Unintended Consequences can be virtually certain to bite one in the ass.

The minions of the One Bank are Poster Boys for this truism. And the precious metals sector provides us with an abundance of empirical examples; with many of those “empirical examples” translating directly into good fortune for China.

When China saw clearly that the Western-based financial system was doomed and heading for a crash – and that it was the best candidate to establish a new, economic order – it immediately made acquiring a massive, national gold reserve an obsessive priority. How have the price-suppression machinations of the Bullion Banks meshed with this national obsession?

The Banksters have been doing everything in their power to make sure that all the bullion that China’s government has been accumulating has cost it the absolute minimum amount of wealth. You’re welcome. But that only begins the largesse of the One Bank toward China, when it comes to “stocking” China (and much of the Eastern world) with bullion.

With the thousands of tons of bullion China has vacuumed-up costing it so little; it finds it still has huge amounts of capital left over – capital with which it has decided to start accumulating gold miners, future supply to the global gold market. Here again the Banksters have gone out of their way to accommodate China’s ambitions...

Full commentary: http://www.bullionbullscanada.…en-feast-on-western-folly

Q2 Gold Demand: WGC Can’t Spell ‘Decoupling’

What actually happened in the gold market during the second quarter of 2013? The One Bank launched one of its most savage assaults on bullion markets throughout the entire course of this 13-year bull market, causing all-time record demand for gold – while the market for its (fraudulent) paper-called-gold collapsed.

However (potential) gold investors wanting information on those events would have been hard-pressed to decipher what really happened in bullion markets from the fictionalized account of the World Paper Council for Q2. Despite observing itself that demand for paper-called-gold suffered the largest crash ever, while demand for real gold experienced its greatest spike ever; the WGC simply finds it impossible to spell the word d-e-c-o-u-p-l-i-n-g.

This should not be a surprise to regular readers, who now understand that the WGC is little more than a mouthpiece for the One Bank. So when it comes to describing the crimes of the bankers in bullion markets, the mantra is “see no evil, hear no evil, speak no evil.”

Some may attempt to argue that the report of the WGC does try to portray a (somewhat) bullish picture in the sector. It did report that demand for gold bars hit an all-time high. It did report that demand for minted coins hit an all-time. It did mention that global jewelry demand spiked to a five-year high.

But what choice does it have? It is (at least supposedly) the World “Gold” Council. And while it does its best to hide data on the gold market (only two years of supply/demand numbers exists for a commodity which has traded for thousands of years), at the very least it will always be forced to report current sales data.

What we had here was the World Paper Council deliberately understating the most-explosive quarter in the history of the world’s gold market. What did the WGC lead with in its deceptive account of this quarter? A fictionalized number which it calls “total demand” – which (as its tag-team partner, Kitco immediately reported) was “down 12% from the same period a year ago.”

In the most-explosive quarter for demand in the history of the gold market, we have the WGC beginning its pseudo-report talking about falling demand. Of course what it calls “total demand” is the demand for real gold minus the plummeting demand for the Banksters’ paper-called-gold.

However, there can no longer be any possible excuse in reporting demand for gold and demand for paper-called-gold as a single number, for two reasons. The most-obvious reason is the dichotomy: the decoupling we have seen in this market as demand for the One Bank’s paper-fraud products collapsed at the same moment that demand for gold hit an all-time high.

The second reason, while not as spectacular is no less imperative. The bullion banks (via the Corporate Media) have implicitly confessed that all of their own paper-called-gold is just paper...

Full commentary: http://www.bullionbullscanada.…wgc-cant-spell-decoupling