1mg finasteride generic what medication is comparable to lexapro clomid reviews pcos serpina generico italiano no prescription rumalaya sale brand cialis canada online no prescription cilest no prescription overnight delivery buy tadacip online no prescription united states ashwagandha australia order zithromax on line india buy zocor without rx no prescription cheap price lexapro medication can i pay by check for girl scout cookies how to get prescription for propecia retin a 0 05 order in the us nolvadex overnight cipralex online from canada where to buy lipitor for cheap brand levitra cheap amoxicilina prices usa diovan women buy singulair fast usa hyzaar online india usa buy bupropionum without prescription online tadapox with no prescription buy celebrex in singapore can you only get diclofenac on prescription exelon for sale usa kamagra soft usa elimite discount code is .5mg of propecia effective best price for real colospa speman legal in england cialis super active buy online mexico orlistatum buy mexico minocycline side effects depression pharmacy express scripts phone number 1 800 cozaar losartan potassium tablets cheap generic brand cialis flomax next day delivery styplon max dose depakine chrono uk next day delivery pharmacy online paypal very cheap cilest levlen over counter tretinoin 0,05 dosage instructions best place to buy tetracycline in mexico shuddha guggulu delivery uk cardura patient reviews where to buy zyrtec online canada why is premarin not generic buy allopurinol online from canada albendazole delivery prescription isoptin lawsuit canada can you open doxycycline hyclate capsules levofloxacin alcohol use baridium drug in mexico pharmacy avalide canada sale estradiol valerate spain differenze fra viagra cialis e levitra apo meloxicam ingredients where to buy bupropionum ointment dipyridamole canada companies only estrace on line in the mexico compazine medication side effects nolvadex next day buspar reviews for men protonix no prescription needed canadian online pharmacy baclofen pharmacies in order rx from canada free or low cost cephalexin nolvadex and arimidex pct buy calan online australia no prescription cheap kamagra chewable free delivery prandin tablets uses buy raloxifeno in singapore advair australia price ordering hydrodiuril usa yasmin pill side effects discharge seasonique generic name no prescription buy brand advair diskus anti allergic asthma lynoral mg buy stieva a where to get viagra in shanghai kaufen propecia for women hair loss forzest drug schedule buy ciplox tablets canada cefixime oral suspension for children what types of suhagra are there can you buy zyban online cost of trial erection packs 2 benemid roche precio argentina where to buy fluss 40 online usa canadian aspirin coupons purchase roaccutane on line in uk propecia non perscription countries buy birth control patch online no prescription bupropionum prices cvs cardura tabs amoxycillin perth australia buy thyrox greece ciprofloxacina without insurance lov cost mestinon medicine colchicine depo provera nhs promethazine hydrochloride 25 mg recreational use carvedilolo buy india silagra drug in uk pharmacy canadian probalan tablet vardenafil hcl 20mg and alcohol asacol generic release date flagyl er fast canada ourcanadianpharmacy zyrtec order canada order viagra online canadian no prescription discount vytorin usa cvs prices buy lopid in usa cialis soft pills online in the mexico lasuna reviews for men overseas pharmacy no prescription clonidine free trial cialis without prescription can you buy atacand access canada drug mart order online generic amoxil cheap nexium pct buy celebrex order canada ordering low dose aciclovir over counter asthma inhalers uk list of tesco stores selling glyset safe prilosec buy over the counter rx atarax online starlix discount card over counter chloroquine purchase diovan on line in uk floxin ear drops generic ventolin inhaler to buy in uk medicine acivir pills elimite online without rx trustworthy online drug stores 100 ml nitroglycerin is there a generic drug for mirapex buy mobic tablets usa buy lamisil patch cheap viagra soft usa xalatan paypal acticin on line in the canada difference between wellbutrin and generic bupropion prevacid pharmacy assistance uk pharmacies online that sell movalis can you buy toprol xl canadian mg how easy is it to get prescribed viagra buy prevacid low cheap price motilium suspension janssen cilag online pharmacy no prescription needed benzac safe viagra purchase online plavix medicine pictures norvasc low cost online roaccutan with no prescription phentermine uk prescription prilosec over the couter anastrozolo prices at costco when to start taking clomid in your cycle buying zovirax using paypal ver bula de cloridrato de sertralina where to hytrin the online drugstore styplon liposafe reviews for men nitroglycerin canada no prescription diarex drug in germany pharmacy buy soft tabs generic cialis softtabs online buy prednisolona pills in the canada valtrex order in the us billig metoclopramide online kaufen where can in buy propecia with no prescription is there a shortage of brafix levothyroid doctors online comprar fluoxetine pela internet order ayurslim from uk without prescription adalat legal in england buy zyban mg order haridra online with mastercard microzide without a prescription from australia vermox cost canadian leukeran without insurance triamterene generic wikipedia drugs buy emsam mexican pharmacies online antibiotics for uti fda approved male enhancement drugs phenamax perth australia aviane 28 from mexico generic rosuvastatin paypal independent pharmacies on cape cod albuterol inhalers without rx how much is wellbutrin tablets to buy tinidazolum in uk can i order glucophage online my warafin coupons valsartan hydrochlorothiazide diovan hct side effects orlistato order canada canadian pharmacy generic viagra online buy atrovent from mexico online canada drug generic cialis floxin 100mg tablet bupron sr cheap uk buying lithium purchase trimox mg pastillas para la ereccion cialis praziquantel tablets for dogs comprar geriforte syrup en argentina tapering off celexa 40 mg buy paroxetine pills in the canada free samples of viagra in the mail fluoxetina no prescription where to buy torsemide online uk european pharmacy no prescription doxi 1 no prescription needed canadian online pharmacy what is the herbal equivalent to viagra mail order rogaine 5 online india pharmacies online that sell levaquin why is there a shortage of propranolol sumycin online pharmacies with out prescription hytrin without a prescription from uk buy lasuna uk pfizer viagra 100mg information is floxin legal in uk casodex no prescription compare prices baridium where can i buy it paxil cost generic order cilest on line mexico protonix sale desyrel font for mac zovirax dosage for herpes order accuran overnight imitrex how to buy oristal on line in the uk without a script delivery allopurinol cefixime dosage complicated gonorrhea compazine canada prescription donde comprar lioresal en venezuela generic brafix no prescription desyrel perth australia albenda mexico companies only neurontin order online no prescription benicar 40 25 mg side effects zovirax cream sale buy cheap clomid using pay pal zyvox without inhibitor selegiline zyprexa 20 mg velotab disulfiram like antabuse effect reaction lisinopril hydrochlorothiazide 10mg 12.5 mg tab purchase cheap fincar online ingredientes do viagra de mandioca relafen buy no prescription how do you order painkillers online tretinoin 0 025 uk online buy pariet in ireland generic for pyridium non prescription fluoxetina pharmacy pulmicort best online non prescription pharmacy exelon generation kennett square pa v gel perth australia dulcolax prices usa sildenafil citrate for sale australia snythroid no scrip cialis prices purchase cheap zovirax online order ointment micardis usa cvs prices order toradol from usa without prescription billig reglan online kaufen phone in order for furosemide bystolic shipping overseas actos to buy from europe free viagara buying kamagra chewable using paypal order cefadroxil overnight thyroxin brand positioning top 10 online cozaar sites water pills gnc generic name for amaryl where to doxazosin atarax over the counter equivalent anti canadian online pharmacy for cymbalta celapram in croatia is there a generic prednisone safe to buy generic seroquel from usa yaz online from india side effects of fluoxetine withdrawal buy generic key pred online no prescription arjuna over the counter use mometasona coupon online which uk site to buy aricept better than haridra medrol medication used what is pravachol used to treat can i take 40mg of levitra brand name fincar online buy colchicine online thru paypals estrace online without prescription purchasing calan online uk confido generic mexico cobra 120 tablets buy aloprim bulk current price didronel reviews on nizagara buy inderal pills in the mexico cialis sublingual where to buy in canada prednisona phone orders buy minocycline in usa obelit delivery uk version of provera best over the counter acai side effects of switching from synthroid to levothyroxine viagra soft reviews and dosage what does cymbalta look like cheap oestrogel no prescription best online pharmacy generic antabuse tetracycline no script cheap generic rumalaya forte hyaluronic acid injections knee cost how to use alliplugs lasix 10 mg donde comprar xenical en argentina aceon noprescrition needed usa online pharmacy american capoten lincocin medicine children how long does it take for side effects of zoloft to wear off ginseng without prescription miami capoten mail order v gel with paypal payment can i buy shuddha guggulu in canada natural viagra mens health synthroid weight gain or loss what does ginseng extract taste like dipyridamole rx ordering atarax canada generic sildenafil names where to get doxycycline for rats can you take dipyridamole daily clonidine italiano flunil birth control online uk tegretol without script can you take zetia daily actoplus met drugs online purchases free or low cost glucophage isoniazid combination therapy can i order metronidazol online lasilix sold over counter canadian pharmacy online altace buy tetracycline with a prescription hydrochlorothiazide cheap canada pharmacy can order metrogel canada free or low cost calan buy metronidazol online mexico no prescription viagra super active australia companies only haridra ayurvedic medicine prednisone online pay paypal order permethrinum pills buy acai berry canada where can i refill tetracycline prescription my levaquin coupons where to buy letrozole in australia synthroid daily use reviews lipitor drug canadian pharmacy generic diprolene uk donde comprar hytrin flagyl er from canada alfa flucon online in canada how to buy kytril can you buy atorlip 10 over the counter in germany alphagan mg price uk buy disulfiramo without prescription levothroid to buy elocom generic usa zithromax over the counter india sarafem canada prescription propranolol hcl 40 mg tablet grifulvin v without prescription miami buy moduretic tablets uk genuine neurontin 100mg drugstore princess urban decay strattera online order nizagara online from usa generic pharmacy net topamax lawsuit canada nolvadex dosage after superdrol compare prices accuran no prescription tizanidina sale zithromax legal us suppliers of emoquette in us brand levitra refills discount code for pyridium can you get silagra class action celebrex lawsuit discount shuddha guggulu diltiazem 10 mg cost pharmacy buy drugs bactrim comprar elocom original en madrid como comprar pariet com desconto best place to order hytrin in us septilin uses medication how to take levlen ed pill topamax on line purchase consumer medicine information pariet cipla web flash report plavix pills online in the usa online estro overnight delivery where to buy buspar online without rx legal status of drugs in europe order zanaflex from drugs buy zolpidems 2013 anastrozolo without script female viagra generic 2013 drugs real viagra with no prescription order yaz online no prescription with a visa how much is cyklokapron tablets sildenafila uk sale azitromicina cheap india pharmacy buy synthroid online overnight can i order tamoxifen no prescription in the usa buy retino a cream 0,025 online no prescription us kamagra sales ireland buying viagra pharmacy technician online schools ohio generic lipitor in australia prescription erythromycin online buspar better than benzo buy tinidazolum pills in the us buy dutasterid have no prescription side effects of stromectol zyban annual sales over counter isotretin serevent supplier in uk atarax 20 mg author and punisher cloridrato de sertralina faz engordar zyvox mg canadian rx canadian pharmcy diets demadex pills online in the mexico buy zoloft generic isotretinoin side effects statistics where can i purchase lantus shallaki online pay paypal medrol dosepak lawsuit penegra in india what is flagyl used for antibiotic levitra canadian pharmacy com purchase estrace on line in the uk no prescription lorazepam generic tamoxifen side effects low price emoquette uk indian pharmacy dutasterid suppliers of tegretol in us acquisto alphagan sicuro online glyset india differin .3 gel reviews is there a shortage of celadrin what does bentyl buy vytorin astrailia rumalaya forte discontinued aviane 28 over the counter usa how to buy brand levitra in london how long does it take doxycycline hyclate 100mg to work buy benzac online amazon discount code for allopurinol hydrochlorothiazide indications and dosage viagra soft noprescrition needed usa online pharmacy cozaar 20mg tab ordering phenergan low prices discount robaxin in usa clozaril medication buy accutane online 20mg celebrex with american express buy bystolic online no prescription united states cheap septilin delivered overnight premarin cream coupons urispas for men sale in uk pariet prices at costco lexapro pharmacy card how to order bactroban online canadian drug company hydrodiuril zyloprim with american express innopran xl without a prescription from uk clozaril pharmacy registration form arimidex in croatia fertomid pas cher italie zantac with no perscription buy albuterol tablets canada cheap canadian feldene no prescription order levothyroid on line uk where do i buy amantadine low price zebeta uk is prilosec otc the same as prescription prilosec albenza for purchase without a prescription cheapest meclizine tablets uk what class of drugs is lopressor baridium dosage instructions decadron iv side effects in adults cialis generic cheapest online pharmacy overnight delivery no prescription compare prices mycelex g lisinopril cheap uk pharmacy celexa where can i buy it discount probalan mg where to alesse levonorgestrel online no prescription v gel coupons what does brahmi ordering valtrex online cialis 2 5 mg costo advair no prescription needed canadian online pharmacy cheap viagra soft free delivery bupropion withdrawal long over the counter erection pills reviews lorazepam buy online no prescription sale diprosone what drug category is tadalis fluconazole side effects drinking alcohol trimox doctors online best drugstore liquid makeup for oily skin code red pill 7 second amantadine generic india buy yagara online mexico no prescription north american pharmacy online lamisilate coupon code canadian fertomid tablet kelnor drug in germany pharmacy calan uk next day delivery buy lamictal 5 mg finastride 5 mg buy brand advair diskus in italia lisinopril lowest price online buy lisinopril singapore canada drugs trimox with prescription affordable abortion pill xenical india price allegra show low az femara pregnancy rates sale retin a 0 05 how long does it take for cialis 20mg to work fluoxetine street prices canada plavix tablets online original cardizem online diclofenaco sodico 50 mg indicaciones minocycline tablets us online best coversyl prices mexico pharmacies online that sell zestoretic recommended dose of benadryl for 3 year old septilin online in us risperdal to buy in australia percocet tablets online lasix no prescription cheap price can order confido online uroxatral not generic buy fasigyn in india online buy antabuse lowest price cheapest calcium carbonate tablets uk cheap levothyroxin pills orlistat tablets dosage cheap glycomet free delivery safe to buy generic zyrtec from usa wellbutrin sr without a prescription from canada albuterol without rx strattera for studying cheap generic lynoral purchase lamisil cheap prescription cod buy acticin pills in the uk purchasing unisom online danazol with no perscription priligy can you order lotensin obagi tretinoin cream 05 prices noroxin dose for pneumonia ordering astelin uk where do i clincin in usa what types of l tryptophan are there claritin price walmart fluoxetine medicine online buy silagra online overnight order chloromycetin rx minocycline for sale minocin dosage rheumatoid arthritis buy bisoprololi fumaras boots pharmacy mentat australia pharmacy liposafe drug in canada pharmacy discount pharmacy buy alli ordering lamictal online what is bactroban ointment 24h pharmacy north london what is the generic name for xenical medicine coumadin therapy elimite canadian medications without prescription cheap diflucan one prescription remeron use in dementia buy valtrex boots pharmacy can you buy hydrochlorothiazide online microzide discount retino a cream 0,025 of canada order levitra professional canada acticin pct buy bactroban prices at costco costco pharmacy v gel price ordering ivenox canada roaccutan uses medication indocin canada online no prescription does generic viagra work gel drugstore methotrexate prices pharmacy beconase aq drugs online purchases best online pharmacy generic metformin caverta for purchase where to buy cefadroxil mg cost of doksazosin lek apo indomethacin 50 mg order zoloft 100mg benzac 20mg tab voltaren 50 novartis motrin uk no prescription finax 5mg tablets how much does abilify cost in canada can you buy strattera in ireland cheap brand name purim kroger pharmacy lagrange ky effexor xr from canada us online pharmacy no prescription alphagan buy aciclovir mg online estradiol valerate dose duphalac perth australia fastest erection packs 3 uk delivery minocin in usa florida detrol buy accutane no prescription viramune roche precio argentina buy tricor astrailia biaxin online without prescription motilium over the counter drugs where do i fasigyne in uk non prescription trial erection packs 1 pharmacy silagra drug canadian pharmacy paroxetine for daily use canada tenormin over counter uk innopran xl uk no prescription diclofenac gel 10 mg generic hydrea safe purchase augmentin in canada cost of bactroban without insurance lopressor roche precio argentina buy cheap augmentin online no prescription voli low cost cipro nord isoptin cheap australia pharmacy purchase effexor xr in india clozaril low dose birth control purchase erection packs 2 in australia tetracycline prescription coupon is mail order meloxicam enolat safe doksazosin lek lowest price online ampicillin generic 500 mg topamax alcohol interaction order luvox on line canada eldepryl no prescription fedex ups wellbutrin sr online from canada trazodone by mail order vermox medication online buy skelaxin tablets online india pharmacies online that sell zithromax claritin spain research grade diclofenac levitra professional brand order zitromax for dogs buy is generic florinef available in usa cialis india safe india mobic price companies fight against cheap indian drugs online pharmacy gasex side effects of levaquin joint pain no prescription brand cialis sale us pharmacy online revia buy zanaflex tablets india buy rythmol sr inhaler canada buy effexor xr mg what is roxithromycin mg used to treat buy sildenafil citrate pills in the uk metronidazole uk sale how to import xenical is colchicina legal in uk alli on line in the usa how to get evista drug eutirox prospecto buy nootropil capsules riperdal australia price order phexin cheap color of bupropion pills zyloprim cost evista medication osteoporosis prinivil side effects long term use buy robaxin hong kong best results viagra cialis silagra best online non prescription pharmacy discount synthroid from usa shallaki for sale canada buying levlen in manchester pharmacy online usa no prescription diovan hct costco use cilest coupon online sale elavil generic for glucophage xr zestril vs generic depakote without a prescription from india haldol discount medications buy medrol dosepak online with out prescription fast flonase delivery total number of pharmacies in canada therapeutic dose of amitriptyline for depression order eurax online no prescription with a echeck buy cheap trial erection packs 1 where can i buy prednisona where can i buy premarin cream what is isotretin made of sleeping pills no prescription needed ceftin online in uk positive reviews generic wellbutrin baridium without prescription pills generic retin a 0,05 safe zestril costco reviews on rosuvastatin combivent udvs ipratropium bromide meclizine pills buy ginseng india pharmacy lopid canada overnight delivery purchase sominex on line in india where to buy lipothin with raspberry ketone mircette buy online ireland generic acivir pills in usa zestoretic online no prescription where can i get colchicine med cab florinef buy avandamet capsules does keflex cause weight gain acheter viagra jelly no scrip protonix cheapest fluticanose tablets uk cheap metformin discount glucophage buyers of lamictal canada salbutamol with no rx cheapest combivent ciplox mg buy elavil 20 mg side effects fast metformin deleviery generic liposafe for sale on line order florinef canada paroxetine cost comparison drugs paxil how much will malegra dxt cost pharmacy buy drugs actos eldepryl lowest price apo furosemida buy online canada no prescription otomax after sex pill prevent pregnancy uk cost of obelit oregon state university ranking computer science buy singulair online without prescription messi stats 2012 13 buy tizanidina mg online renova drug in mexico pharmacy purchase aspirin online order leukeran from india without prescription rogaine 5 tablets price requip online overnight propecia mental side effects viagra professional without lamisil online no prescription the online drugstore actoplus met yasmin cost nz lamictal withdrawal side effects side effects of lopid medication how to import avodart purchase celebrex 100 mg side effects of using asthma inhalers too much remeron mist canada hunters pharmacy windsor canada when will alli be available again in uk cystone suppositories buy canadian pharmacy brand viagra styplon prices wellbutrin depression nhs danazol cheap uk pharmacy get atorlip 10 toronto can you buy aciclovir tablets over the counter uk where can i get himcocid pills is generic cialis safe and effective parlodel online from usa antivert medicines like brand name buy alli bulk fast mircette delivery order generic cardizem cheap pharmacy buy flonase without a subscription proventil for sale pharmacy online metrogel india entocort medication side effects differin no prescription needed canada and delta cortef differin gel uk pantoprazole dose dogs nexium for discount tadacip fda approved to buy without prescription prilosec drug schedule amaryl woldwide shipping buy apcalis sx inhaler canada avodart 0.5 mg soft capsules printable prevacid coupons 2012 erexin v buy india aygestin pharmacy prices list cheapest place to buy estrofem free coupon for phenergan otomax online australia best place to buy naprosyn in india how to buy levitra online can you buy aciclovir genital seroquel pill canadian purchase bupropion sr cipro price walgreens generic viagra online paypal allegra canada companies only reliable canadian online pharmacy no prescription 100mg trental pills sweat buy yasmin online from usa alli com skateboarding where to buy lotrisone online uk buy disulfiramo pills in the australia kamagra gold medication side effects nolvadex from mexico frumil india pharmacy myambutol sublingual dosage anti anxiety medication generic names buy strattera in uk order sertralina on line canada buy generic requip prevacid from usa pharmacy celexa medicine for depression weaning off celexa 20 mg zyloprim on line in the india generic from imuran order levitra super active lowest price what is toprol buy femara online overnight avodart in croatia buy tretinoin 0 025 200 protonix without food terramycin over the counter uk ginseng sale ontario generic name of inderal uroxatral user reviews acquisto acivir pills sicuro online buyers of bupron sr canada can you take cordarone daily actonel pharmacy order nizagara over the counter canada medication from mexico exelon sertralina 50 mg non prescription proventil pharmacy para que se usa wellbutrin levitra professional online pay paypal alli over counter canada generic furosemide 40 mg buy doxazosin patch cheap genuine aricept online ordering haldol mexico raciper birth control online uk doxycycline price per pill cheap viagra tablets uk can you buy cialis over counter spain brand levitra to buy in australia prednisolona online in uk cheap genuine aldactone online frumil prescription trimix diving rebreather depakine chrono for purchase without a prescription pharmacy has best price apo clopidogrel paroxetine weight gain apcalis sx australia price can you get florinef over the counter tenormin on line with no prescription bay prednisone cheapest abilify prices xenical on line in the canada discount allegra d 24 hour better than flagyl zestril pills online in the india doxycycline genrx tablets 100mg where can i buy terramycin online without a prescription cialis over counter uk uroxatral women buy calan no prescription fedex ups order salbumol online no prescription with a amex purchase sildenafil uk chloromycetin canadian medications without prescription canadian pharmacy online minocin buy seroquel xr 300 sertralina no prescription overnight delivery medrol drug in germany pharmacy baclofen online from uk gasex otc europe safe to buy generic geriforte from canada buy phenergan online canada no prescription low estradiol levels menopause cheap viagra plus 40 mg order generic septilin side effects of topamax levitra 20mg cheapest price can you get rebound headaches from maxalt proventil medicine online to buy nizoral buy rogaine 5 have no prescription acivir pills pills sweat lowest priced inderal i pill prozac website snovitra super power discount medications arjuna order by phone alli diet tablets side effects medication for anxiety disorder antivert buy noroxin online uk no prescription buy cialis jelly paypal nizoral australia pharmacy i pill crestor website viagra professional by mail order over the counter drugs similar to viagra super active zyrtec weight gain side effects prednisone for pets levitra manufacturer betnovate tablets uk med cab isoptin generic paxil not working decadron buy australia clomid 50 to buy online worldwide pharmacy orlistat sertralina legal in england esperal on line no script side effects of dulcolax balance amaryl 100mg buy avodart side effects in men what does allegra mean in italian jaunty is it safe to buy viagra online canada lamisil liquid spray cheapest bactrim paypal tadalis sx20 von ajanta where to buy cheap generic procardia solu medrol tablets synthroid perth australia where to get nexium buy aleve from mexico online buy azitromicina australia dramamine no script erythromycin stearate for acne hotel villa cipro venice where can i buy riperdal how much is 100mg of viagra safe to buy generic cialis sublingual from canada female cialis usa cvs prices estrace drug classification purchase brand advair diskus pills dramamine purchase coumadin order by phone the blue sex pill zofran 4mg tablets tadapox tablets on line to buy trial erection packs 1 for sale australia flomax from australia purchase actos 45 mg dyazide india aricept 10 mg cost glucovance medication side effects where to buy fasigyne without a prescription benemid discount code what does a cialis tablet look like buy viagra easy online purchasing celapram online uk best site for clavamox avodart without a perscription canada drugs online without prescription buy sibustat from mexico online is revatio cheaper than viagra buying dulcolax ordering differin can you buy nitrofurantoin over the counter what does the depo provera shot do seroxat paroxetine side effects where do i strattera in mexico celebrex 200 mg side effects lanoxin over counter capoten discontinued duetact trusted online drug stores in canada canada pharmacies online that sell curacne cheap prandin no prescription finpecia online australia buy neurontin online no prescription canada viagra soft over counter chloramphenicol for purchase without a prescription buy torsemide boots pharmacy best site to buy brand cialis canada pharmacy no trial buy artane mg what does allegra allergy minomycin no prescription needed dogs adam richman man vs food healthy advair diskus discount best pharmacy drugs in thailand ditropan where to purchase buy prednisone online from india buy alli tablets australia cheap sildenafil what are the side effects of cytoxan finast for purchase viagra effects in men possible side minocycline 100mg capsules dosage buy keflex tablets australia cymbalta side effects in women weight gain almetec discount no prescription generic proventil albuterol salbutamol buy simvastatina singapore canadian pharmacy professional 10mg levitra online aciphex vs nexium non prescription celapram pharmacy fertility drugs for sale 2011 motrin on line in the usa prednisone 100 mg per day how to by triamterene online viagra for women buy online buy medication online no prescription australia micardis buy india reviews on fasigyne risperdal online pay paypal buy cialis jelly greece oestrogel to buy in the uk without a prescription zyvox dosage children gram my brand cialis coupons metronidazole cheap uk pharmacy pill rx health order furosemide products pharmacy buy drugs phenergan drugs similar to oracea best generic diclofenac sites pariet trusted online drug stores in canada advair diskus over the counter cost of mail seroflo pill rx health cozaar products emoquette fast usa estrofem birth control online mexico prednisolone generic 2013 drugs online erection pills allopurinol billig kaufen remeron without rx genuine cymbalta 100mg buy feldene australia what is amoxycillin for where can i purchase erexor pills that can get you hard la pharmacie middlesbrough menu rogaine 2 online store cardizem best price terramycin drugs com discount tizanidinum from usa dog medicine online uk positive champix reviews digoxin order canada trazodone medications birth control pills vytorin canada pharmacies online that sell oristal alli thyroid medication how much gabapentin to take to get high levitra super active generic cheap costs cialis viagra levitra pack paxil perth australia where to get apo clopidogrel pct order oracea rx buy inderal pills in the india carvedilolo from canada without rx cheap atacand mg what is confido for how to get rid of scars after accutane keftab lawsuit canada oder mg tablets of tamsulozin no prescription lopid sale what is the definition and example of alliteration arava costco levitra super active no prescription cialis viagra plus to buy in the usa without a prescription what is neurontin tablets used for entocort mail order generic zyprexa price buy raciper without prescription diclofenac gel birth control online us buy cymbalta without prescription licensed pharmacy colchicine zanaflex buy on line buy cefixime mg online for nizagara tablets for sale altace echeck zyprexa discount how to purchase cleocin gel ventolin syrup storage cialis usa no prescription discount pharmacy tijuana mexico tenormin overseas resources for glucotrol xl herbal viagra online uk i pill zestoretic website lisinopril thiazide priligy dapoxetine side effects augmentin duo forte what is it for ordering kamagra online jelly buy tofranil tablets canada disulfiramum shelf life where do i raloxifeno in australia long term side effects of lopid mevacor fast uk buy live lobsters online methotrexate and diet pills national socialist movement usa how long does it take for strattera to become effective no prescription order innopran xl buy viagra jelly 100 buy avodart next day decadron como se usa buy cialis online prescription red korean ginseng sale where will you buy viagra over the counter in canada lithium for sale uk oracea where to get asacol from canada chloramphenicol generic cheap costs glucofage without prescrip lipo injections for weight loss cost naprosyn shortage permethrinum for sale australia tadacip no prescription fedex ups aciclovir from canadian pharmacy can i order valtrex online flovent cheap price order lithium online uk buy kelnor tablets canada buy amoxiline usa generic voltaren uk paypal grifulvin v on the internet diflucan medication take glucotrol brand positioning generic anteovin in usa liquid ceftin review meclizine 25 mg no prescription lipitor online canada fast delivery buying caffeine ergotamine minipress direct pharmacy non persciption lamisil advair discount no prescription i want to buy mestinon leukeran spain oxybutyninum online uk safe buy levitra plus online viagra super active for sale usa caverta delivery london emoquette no script ordering key pred mexico oder mg tablets of almetec desyrel cheap india pharmacy buy innopran xl tablets uk januvia roche precio argentina canada buy clincin without prescription where to buy bactrim ointment buy nolvadex pills in the india comprar zyprexa pela internet donde comprar periactin diakof usa sale birth control pills speman misoprost medicine children order viagra sublingual without prescription best generic kamagra oral jelly sites generic rumalaya buy canada discount remeron canada where to buy baclofen online india safe to buy generic lipitor from uk bentyl canada purchase zyrtec online ordering levothyroid on line brand tadapox buy zaditor side effects long term use how long does it take for abilify to start working how much is feldene tablets lariam where to get bupron where can i buy toprol xl annual sales mg reviews on hoodia 800 plendil online shipping fast clomid delivery tamoxifen pharmacy order cheap doxycycline 50mg retino a cream 0,05 not generic bactrim ds dosage sinus infection where can i purchase pamelor propranolol pills online in the uk buy cefixime perth australia homeopathic medicine to gain weight buy aprovel canada maxalt to buy in the usa without a prescription buy generic deltasone online with prescription half price methotrexate plavix mg order uk buy zyrtec without prescription oder mg tablets of fluoxetina isoniazid 20mg tab is ordering viagra online safe doctor trial erection packs 2 shopping clomid cycle day 3 or 5 didronel sale cozaar medication assistance baridium canada online no prescription cost of mail key pred do you need rx penegra diclofenac order canada 1st online meds reviews ciprofloksacin with no subscription augmentin without prescription buy starlix boots pharmacy buy genuine micronase uk minocin pills buy what is levothyroxine tablets used for purchase retin a 0,05 on line in usa toprol online erection packs 3 for sale birth control pills micardis store generic lipitor 3 types of analgesic drugs isotretin best online non prescription pharmacy cheap medications walmart half price erection packs 2 buy benadryl for less buy alesse pharmacy cod buy rocaltrol boots pharmacy online carbozyne purchase costco pharmacy retin a 0,05 price indocin mg mexico haridra cheap uk blopress for sale australia hydrochlorothiazide cost in canada blopress plus nebenwirkungen aldactone for sale philippines para que serve remedio cloridrato de sertralina buy aciphex europe buy cheap generic atacand online trental discount no prescription where to buy estrofem drugs online costco pharmacy estro price safe to buy generic propecia from canada is generic anastrozole as good as arimidex order beta val from mexico without prescription keflex purchase buy cheap robaxin flomax and avodart combination get vistaril las vegas priligy for sale zoloft insomnia how long generic for bupropion xl comanda regenon online ultra low dose pravachol best drugstore mascara for length 2012 methotrexate usage zebeta comprare tetracycline no prescription compare prices bupron where to buy in canada doxazosin for sale uk where to buy prevacid solutabs what is the medicine doxycycline hyclate used for buy aricept online uk no prescription grunenthal thalidomide compensation aron levitra wiki genuine fluss 40 best price oratane noprescrition needed canada online pharmacy generic for detrol medication canadian tadapox viagra super active to buy in the uk without a prescription order cialis sublingual online no presctiption meclizine hydrochloride australia order procardia online no presctiption erexor male enhancement reviews buy metrogel without a subscription metformin tablets buy benicar hct canadian pharmacy can we trust terramycin online original yagara online buy rumalaya gel pills buy cialis professional tablets uk risperdal mg no prescription albuterol inhaler buy online health canada triamterene colchicine cost increase what is olanzapine mg used to treat citalopram medicine side effects order snovitra super power on line usa order cialis professional rx best zestoretic prices genuine sinequan best price can you get geriforte syrup buy renova with paypal buy lioresal with paypal health canada synthroid viagra tablets price in karachi is seroflo legal in uk quanto costa il cialis originale in farmacia acheter pas cher dapoxetine erythromycin stearate dosage can i get high off olanzapine lopressor generic uk ordering nexium samples buy clomiphene tablets uk ventolin overdose treatment allopurinol to purchase without a prescription order desyrel pill differin gel 0.1 generic pharmacy that sells ephedraxin tinidazolum generic name capoten online purchase pulmicort buy without can you get dapoxetine healthy male waist where glucophage can i buy kamagra in uk global pharmacy canada coupon code 2012 buy cheap flexisyn using pay pal altace visa usa buy sepibest without prescription actoplus met brand order buy percocet pills in the uk where do i metformin in australia herbal tea suppliers ireland cymbalta discount coupon code can you take obelit daily key pred tablets side effects torsemide looking for purchase cystone online order stromectol on line india buy generic vistaril online no prescription apo furosemida mg no prescription discount levitra prices order atorlip 20 online with visa cardizem discounts decadron 100 review alli diet pills reviews 2012 cheap aspirin pills research grade atomoxetin buy mevacor bulk chloromycetin pills online in the usa ordering complex generic diabecon avodart fast usa prednisone buy online canada clomifene for sale australia best place to buy alli in canada methocarbamol high 750 mg where to get ginseng wow clomiphene citrate fsh challenge european journal of hospital pharmacy bmj citalopram cost canadian cephalexin dosage recommended xenical available ireland levitra roche precio argentina pill rx health kamagra oral jelly products buy flomax new zealand online buy arimidex 1 mg 24 hour viagra delivery phone in order for lexapro generic form for celebrex methotrexate usa pharmacy cheap endep usa provera 10mg tablets the drugstore cowboys uk buy online lasix generic mometasona delivery uk artane dose range buy cardura with duprost no prescription key pred roche precio argentina ou acheter du bon ginseng cardura with no perscription doxycycline sale uk what is the generic name for ditropan what does voveran online no prescription uk for skelaxin does methotrexate make you gain weight purchasing gabapentine online uk moduretic no script order asacol pills alti doxycycline from canada furosemide 20 mg tablets for dogs order coumadin without prescription when to start taking nolvadex pct buy antibiotics online from india prescription flomax available over counter combivent without a script safe kamagra no prescription online pain pills no prescription over the counter medicine that acts as elocom buy abilify 200 mg birth control pills sumycin order curacne from mexico without prescription buying metformin online in uk danazol to buy in the canada without a prescription trial erection packs 1 wholesale canada pharmacies online that sell artane meloxicam enolat to buy viamedic legit indian generics online thyroxine cialis super active offerte italia half price seroquel where to buy olistat online mexico pastillas para mantener la ereccion peru biaxin online coupon code pyridium tablets online where to purchase diabecon prednisolone canada overnight delivery retino a cream 0 025 over the counter side effects of taking dulcolax tablets printable coupons alli weight loss system buy advair diskus low cost how to order viagra super active single dose doxycycline prevention lyme disease augmentin from canadian pharmacy buy zoloft online overnight delivery chelsea drugstore band mirapex lowest price online bupron canada pharmacy non prescription saw palmetto pharmacy suhagra discount voucher otomax online from india pharmacy has best price zerit where to get calan pct cvs pharmacy toronto canada can you get extendaquin levothroid online ordering can buy retino a cream 0 05 online tinidazole uk sale purchasing metformin online uk discount orlistatum mg is mail order delta cortef safe side effects of yasmin 28 birth control broad spectrum antibiotics examples xalatan overnight pharmacy seroquel xr wikipedia liquid septilin review discount stediril from canada best place to order levitra super active in us cheapest place to buy frusemide doxycycline australia price what is the smallest piece containing the ampicillin resistance gene can i order coversyl online best place to buy prednisolona in india fasigyn price india aricept online from uk buy generic sominex drinking alcohol while on ceftin xenical fast uk celebrex canada head office where to buy alti doxycycline mg online drug for sarafem geriforte fast uk alli generic 2013 drugs astelin buy online us best place to buy levaquin in usa buy differin gel cheap serophene mexico no prescription buy norvasc lowest price sodium diclofenac dosage 50mg prinivil tablets buy best place to buy sominex in mexico buy amaryl online in the united states without a prescription bactrim ds reviews lasix us pharmacy buy artane pills in the canada prevacid pct buy buy clincin online india viagra super active drugstore com pricing mexico pharmacies online that sell baridium buy tetracycline inhaler canada citalopram no prescription uk online pharmacy can order luvox online losartan dose pediatric lexapro weight loss 2012 clavamox pharmacy mail order cheap price prilosec tegretol worldwide shipping fast cymbalta deleviery suprax cheap india pharmacy detrol side effects dementia alli weight loss usa best site for oestrogel what is nexium ec tablets can you buy seroflo gyne lotrimin no prescription needed clavamox pills online in the uk buy pyridium 100 mg us online pharmacy no prescription plavix generic norvasc manufacturers med cab cefadroxil buy torsemide australia aceon tablets online abana canada head office order rosuvastatin in crestor online buy albuterol online canada no prescription buy pyridium australia generic bactrim cost tizanidina from china oxycodone 512 pill identifier valacyclovir hcl 1 dosage for cold sores glucovance no prescription compare prices brand name serevent online zestril lisinopril dosage to buy combivent in uk over the counter drugs similar to sildenafil citrate where to buy mevacor mg cheap duetact delivered overnight risperdal no prescription needed dogs acivir pills lawsuit settlements retino a cream for sale uk discount beta val otc florida detroit diesel allison jacksonville fl ginseng seeds for sale ny zyrtec generic walmart buy amoxil cheap 500mg buy actos online overnight best site get bystolic fastest amlodipinbesilat uk delivery what does motilium do levitra 40 mg online is nizoral legal in uk to buy malegra fxt warafin over the counter drugs femara drug in canada pharmacy isotretin for sale uk floxin for sale usa buy viagra jelly 200 anacin ordering no prescription cephalexin without rx how to take arimidex mg online pharmacy canada viagra buy fluconazol uk methotrexate from usa erection packs 2 on line no script buy cardizem online at canada pharmacy malegra dxt online usa no prescription movalis india pharmacy diovan drug in germany pharmacy order tegretol no rx canadian pharmacy asacol 40 mg pharmacy advair diskus without a prescription from canada buy mobic online overnight delivery tegretol xr rxlist best site to buy frusemide veterinary pharmacies online buy valtrex no prescription fast delivery what is the correct dosage of dipyridamole buy coreg online discount canadian pharmacy reglan order proscar from usa without prescription over the counter actonel diakof for daily use canada seroquel weight gain aricept mg mexico prescription prilosec dosing long term side effects of metformin use hoodia prix en pharmacie en france salbutamol online generic ginseng us buy haldol mexican pharmacies aygestin 100mg cheap where can i buy methotrexate in the philippines premarin discount card disulfiramo uk next day delivery diovan noprescrition needed canada online pharmacy buy januvia online india no prescription levitra super active where can i buy cheap navy blue pillar candles terramycin 100mg cheep diflucan reviews for yeast infections duprost from canada without rx cialis over the counter countries viagra jelly prices at costco zaditor overnight delivery without a script buy accutane online where can i buy sominex pillows erythromycin side effects babies is it safe to order purim safe place order parlodel cialis20g buy cheap albendazole using pay pal cialis discounted best place to buy sumycin in india ciplox india no prescription erexin v fast canada can you buy minocin online alli diet pill coupon printable purity hyaluronic acid reviews predalone usa no prescription purchase diamox in canada no prescription delta cortef can order albuterol canada bactrim pills side effects luvox prescription only accuran to buy in england canada and levlen lortab 5 325 mg kamagra oral jelly buy without renova usa no prescription top ten pharmaceutical companies india 2011 seroquel xro mais barato buy endep patch when is aricept going generic cheap clomid com pharmacy low cost allopurinol buy antara canada generic alti doxycycline canada comprar avapro original en madrid order clonidine on line uk purchase ciprofloksacin online molecular weight of azithromycin dihydrate hytrin mg buy mail order keppra generic synthroid no prescription aldactone comprar rythmol sr no rx plavix buy online australia zestril generic name what is capoten made of lowest priced brahmi hoodia generic cheap costs paroxetine usage permethrin 5 percent lice entocort no prescription compare prices purchase trental in canada atorlip 10 on line in the canada buying betapace how to get minocycline drug para que sirve el eritromicina 500 mg purchase ayurslim in uk prilosec mail order viagra for sale no prescription uk prandin from europe purchase cheapest chloramphenicol prices dutas uk companies only ciprofloksacin buy online us
Wednesday, January 28, 2015
   
Text Size

Search our Site or Google

Bullion Bulls Canada Blog

Bullion Bulls Canada Blog

 

“The Fed is in total denial…(it) hasn’t learned the lessons of what it put the world through a decade ago.”

Stephen Roach, via CNBC, 01/09/2015

"When the year is done, there will be minus signs in front of returns for many asset classes. The good times are over."

Bill Gross, Founder & former CEO, PIMCO

We focus here on Key Profit Opportunities, Threats and possible Catastrophes for 2015, few, if any, of which you are likely to hear about from the Main Stream Media (MSM), before they occur because the MSM are beholden to the Powers-that-Be.

1) Contrary to MSM spin, the Middle Class in the U.S. and Eurozone and Japan has been and will increasingly suffer jobs loss and wage stagnation, thus constraining consumer spending — 70% of the U.S. Economy, for example. Official Statistics are Bogus. Thus the economic Non-Recovery will Continue and worsen (see Note 1 – Shadowstats). The U.S. Labor Force Participation Rate is at record lows — a 38 year record of 92.9 Million Americans are not in the Labor Force. The Strong U.S. Bond Market is signaling trouble ahead. If the Economy were really recovering Bonds would be weaker and Market Interest Rates much higher.

2) QE will continue in Japan, intensify in Europe and begin again in the USA withQE5 likely beginning before 2015 ends — All to continue to artificially inflate Asset Prices (e.g., Equities) and keep the Globalist Mega-Banks (some of whom are owners of the private-for-profit U.S. Fed) Profitable. Of course, none of this helps the Middle Class Workers/Savers or Retirees whose incomes are mainly reliant on Good Jobs or Low Unemployment and/or interest income from savings.

3) QE will likely be ineffective (at best) in Japan and indeed, it is more likely than not the Japanese Economy will collapse into the Pit of Extreme Economic Deflation/Depression, sending shockwaves through Markets around the World.

4) Increasing Social Strife around the World will begin to significantly affect the Markets. A collapsing Economy in Japan, increasing Under- and Unemployment in the Eurozone and USA and clashes between Obama and the Congress in the U.S. and Debt Defaults in the Eurozone and U.S. will all take their Toll.

5) Interest Rates may begin to rise (but likely slowly) so Sectors which rely on Debt Financing — e.g., Utilities, MLPs and smaller relatively undercapitalized Energy Producers — will not do well (indeed, some will collapse) and China will take a hit from their over-extended Shadow Banking System, as will other over-indebted Sovereigns.

6) Indeed — we are moving into a period of increasing visibility for the Intensifying International Debt Crisis. As rates rise, (beginning later in 2015 but no later than early 2016) not only will businesses and individuals suffer, but also over-indebted Sovereigns who will have to pay higher interest rates. And not just the Peripheral Sovereigns in Europe, but also the U.S. which has $18 Trillion in Debt and over $120 Trillion in Downstream Unfunded Liabilities (Social Security, Medicare etc.) Result: The U.S. Dollar, first, (probably beginning later in 2015) and then the U.S. Bond Market will eventually crash.

7) Central Banks will engage in ever-more QE, i.e., Monetary Inflation, and this will increasingly show up in Price Inflation and then Price Hyperinflation. Indeed, Consumers are already seeing Price Inflation in Food, Medical Care and Housing. (See Note 1)

8) All the above will result in the condition known as Severe Stagflation — Stagnant or contracting Economies and Price Inflation and then Price Hyperinflation. Dramatically increased Sovereign and other Debt Loads have not increased GDP. Consider that for every $ of Debt Added Just After WWII, $2.41 of GDP were added but for every $ added in the late 70s, and early 80s, only 41 cents of GDP was added and for every $ of Debt added today, only 3 cents GDP is added. In sum, QE/Debt increase does not sustainably boost Economic Growth.

9) Yes, the Credit/Debt Crisis is Real and Not Sustainable — for every $ of Economic Growth, Banks have created $30 of Credit/Debt. This Massive Bond/Debt Bubble will likely Catastrophically burst in 2015-2016 with the Accompanying Defaults or Write Offs, and Counterparty Failures in Major Markets.

The Entire Energy industry has been hit hard by the Oil Price Decline. This will cause increased unemployment and reduced corporate earnings which will Tsunami into the entire economy making the Non-Recovery Worse than it already is.

And the Weak Players in the Energy Industry will Default on their Debts and cause a similar ripple effect through the Banking Industry and entire Economy.

Consider that Crude Prices at or below $60 not only puts poorly capitalized frackers out of business but also causes in the tsunami effect of prospective or, in some cases, actual, defaults on Energy loans (many of which are highly leveraged to Asset Bases) and thus causes defaults on Related highly leveraged Derivatives. And all this will diminish Production, and thus will increase prices again in a few months.

The Counterparty Failure Risk in Financial Markets has thus increased dramatically, and will not diminish any time soon, and will Tsunami through the economy and financial Markets.

And once that risk begins to imperil Non-Energy Sectors, Corporate Debt Interest Rates will Skyrocket and it will be time for the Equities Markets to seriously fall, again.

In addition, there are many Black and Red Swans extant which could/will precipitate a Greater launch down this year at any time — War, Major Sovereign Defaults, Worse Economic Numbers — the list is too long to mention all.

10) Most of the Foregoing Financial “Assets” are leveraged more unsustainably and dangerously by the over $700 Trillion plus in Derivatives as reported by the Central Bankers’ Bank, the BIS. $700 Trillion is about 7 times Global GDP.

For the middle and long-term (i.e., mid 2015 & Beyond), given the USA’s Massive and increasing $18 Trillion National Debt and over $100 Trillion Downstream Unfunded Liabilities and The Feds $4 Trillion Balance Sheet, the $US is Structurally Impaired (as are U.S. Treasuries) and doomed to fall and lose World’s Reserve Currency Status, eventually. Great Profits will be made if one shorts the $US and U.S. Treasuries and the Equities Markets at the right time. We aim to forecast that Timing as we successfully did prior to the 2008 Crash. Our forecasts were facilitated by focusing on Interventions of The Cartel of Mega-Banks as well as Fundamentals and Technicals (see Note 2). Stay tuned.

Consider as well, the ongoing increasing use of currencies other than the $US in International Transactions could spell a Sooner Doom for the $US (as World Reserve Currency, especially if increased significant Volumes of Crude Oil begin to be traded for Non $US Currencies. The West is driving Russia into the hands of China, and this is Bad News for the $US and Western economies.

And when the $US Dramatically Tanks, the Precious Metals will Soar and Western Equities Markets Crash. This scenario could possibly launch at any time (but is probably still a few months away), on Black Swan Geopolitical Events. This $US Crash will shake Economies and Markets to the core, as the Economy transitions to a Yuan/BRICS based Gold Backed World Reserve Currency.

And when the $US Tanks, that will also be accompanied by a loss of credibility of U.S. Treasuries as a store of wealth soon after. Thus they will tank too … ending in “a very bad way” according to Investment Legend, Julian Robertson, with whom Deepcaster agrees.

11) The Russia-China Axis is Strengthening, with Both Countries buying increasing amounts of Physical Gold. Result: sometime in the next very few years, the New World Reserve Currency will be the Chinese/BRICS Gold Backed Yuan or Gold-backed BRICS Notes. The view that the New World Reserve Currency will be IMF SDRs is Wrong. IMF SDRs are just another Fiat Currency doomed to fail.

12) The Flight from the $US as World Reserve Currency (catalyzed mainly by Fed/Keynesian Policy!) is continuing with China making Bilateral Currency Swap Deals with a number of leading Nations thus bypassing the $US. Eventually this will greatly diminish the Standard of living in the USA and other $US-dependent Nations. The Fiat Euro/Eurozone will take a Huge Hit Also. Indeed, there is a distinct possibility the Eurozone Currency Union will disintegrate.

13) The foregoing Developments/Trends can/will be exacerbated/initiated by Trigger Events some of which May be

  • Greece and/or Portugal and/or Spain Defaults/leaves Eurozone
  • Other Peripheral Countries Default
  • Venezuela and/or Nigeria default due to low Oil Prices
  • The LBMA is unable to Deliver Physical Gold and/or Silver
  • War intensifies in the Mideast and/or Ukraine or breaks out elsewhere

14) Mainstream Keynesian Economists and those governments who follow their line, typically aim for the Wrong Targetincreased aggregate GDP Growth, when they should be aiming for greater GDP per capita in a “Steady State” Economy (see the Work of Economist Herman Daly). This Keynesian view leads to a variety of flawed policies including the one that assumes that population growth is Good-in-itself. In the U.S. and Eurozone, for example, this has led to the Counterproductive Policy which encourages Mass Immigration. In fact this Policy results in larger and larger social-welfare-Dependent Populations, and the Diversity it brings generates loss of Social Cohesion. And this Mass Immigration Decreases Job Opportunities and Wages for the Native-born ("Foreign-born employment has increased by 1,028,000, while the number of native-born Americans working has decreased by 780,000" Rubenstein, vDare.com, 11/8/14) in the receiving Societies. Highly selective and extremely limited immigration creates better results Economically and Socially. (See the non-profit www.carryingcapacity.org)

15) But all of the foregoing will lead to Opportunities to Profit and Protect Wealth. Consider

Nowhere in the MSM for example do we find forecasts that two Key Assets will skyrocket in Price very soon — but Deepcaster forecasts which ones in our January, 2015 Letter and our Forecasts and our Successful Buy Recommendations are informed by our attention to Under and Unreported News (see Note 3).

And nowhere in the MSM do we find Forecasts of a Great Reversal in two other Key Assets Sectors, but we tell you in our January Letter.

And we Forecast a Very Great Crash in one Sector — and name names of two very popular Stocks which should take a Very Big Hit.

Conclusion : The Equities Market will suffer at least one Major Crash (more than 15%) and at least one Minor Crash (appx 10%) in 2015.

(In sum, essential to all the Foregoing Forecasts, and to Profiting and Wealth Protection is focusing on Under and Unreported News and MSM spin.)

Best regards,

Deepcaster
January 9, 2015

Note 1: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported December 17, 2014
1.32%     /    9.02%

U.S. Unemployment reported January 9, 2015
5.56%     /     23.0%

U.S. GDP Annual Growth/Decline reported December 23, 2014
2.70%        /     -1.73%

U.S. M3 reported December 15, 2014 (Month of November, Y.O.Y.)
No Official Report     /   4.81% (i.e., total M3 Now at $16.217 Trillion!)

Note 2: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s July, 2014 Letter entitled "Profit, Protection, Despite Cartel Intervention" in the ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.

Note 3: Our attention to Key Timing Signals and Interventionals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in recent months in our Speculative and Fortress Assets Portfolios*

  • 23% Profit on a leveraged ETN on the Volatility Index on January 6, 2015 after just 119 days (i.e., about 70% Annualized)
  • 85% Profit on a REIT on December 31, 2014 after just three years (i.e., about 25% Annualized)
  • 105% Profit on a leveraged ETN on the Volatility Index on October 15, 2014 after just 36 days (i.e., about 1090% Annualized)
  • 70% Profit on Russell 2000 Small Cap Sector Put on October 10, 2014 after just 2 days (i.e., about 12,275% Annualized)
  • 70% Profit on Russell 2000 Small Cap Sector Put on October 1, 2014 after just 8 days (i.e., about 3215% Annualized)
  • 55% Profit on Double Short Euro Call on August 6, 2014 after just 106 days (i.e., about 200% Annualized)
  • 65% Profit on Energy Storage & Management Company on July7 15, 2014 after just 342 days (i.e., about 70% Annualized)
  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.


The real story behind Pearl Harbor

Posted by: ettienn

Tagged in: Untagged 

ettienn

http://jamesperloff.com/2014/11/06/pearl-harbor-roosevelts-911/

 

Check it out.  Very well written and, if true, very insightful.


Profiting from the Inflation/Deflation Puzzle

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

Investors are getting mixed Messages about whether we are facing an Inflationary or Deflationary Future. Answering that question correctly is important both to profitability and protecting wealth.

Major Bankers and some Government Officials Claim they are worried about Deflation.

But rising costs for Health Care, Food and, until recently, Energy, indicate we face an inflationary, and perhaps even a hyperinflationary, future.

Which is it? Inflation or Deflation?

Some sectors have clearly been Deflating in Price in recent months.

— Crude Oil

— Copper

But other Sectors have been Inflating in Price:

— U.S. Equities

— Beef Cattle

— Corn

— Soybeans

— Healthcare

Still, the U.S. Bureau of Labor Statistics claimed that October 2014 U.S. Inflation (CPI-U) is tame at an annual pace of 1.66%.

But, ShadowStats.com pegs Actual U.S. Consumer Price Inflation at an annual 9.38% for the same period.

— And the Biggest Inflation Category of them all — Central Bank Monetary Inflation in all its forms — is roaring ahead. Consider that Japan, China, and the Eurozone are all in the process of devaluing their currencies one way or another

— the ongoing Currency Wars about which we have been writing.

What gives? How can we reconcile Shadowstats U.S. Consumer Price Inflation of 9.38% (clearly correct in our view) with the Clear Price Deflation in other Sectors and Central Bankers complaining they are concerned about Deflation?

Understanding how they are to be properly considered and reconciled provides Great Opportunities for Profit and Wealth Protection going forward.

Failing to Understand and “Reconcile” this Inflation/Deflation Conundrum will create substantial Risk of Loss.

So how are Inflation and Deflation to be Understood and “reconciled”? Nearly two years ago The Bond King, Bill Gross opined

“The future price tag of printing six trillion dollars’ worth of checks comes in the form of inflation and devaluation of currencies either relative to each other, or to commodities in less limitless supply such as oil or gold.  

Zero-bound interest rates, QE maneuvering, and ‘essentially costless’ check writing destroy business models and stunt investment decisions which offer increasingly lower ROIs and ROEs.”

Bill Gross, Founder & formerly Co-CIO, PIMCO, 1/3/2013

Indeed, for several years, Notable Independent Commentators, including Deepcaster, have warned that the Elite Central Banks’ Orgy of Fiat Currency Printing, a la QE etc., would eventually result in Price Inflation. And we reiterate that Warning here.

So it was no surprise to us that The Bond King, Bill Gross formerly of PIMCO, with about $2 Trillion under Management, would finally warn, in his January, 2013 letter to Investors, of Impending Price Inflation in Key Asset Classes. And that Price Inflation is now underway in some Asset Classes but not in others.

Clearly, the Central Banks Hypermonetary Inflation has maintained the Profitability of their Primary Clients (in The Fed’s case, owners) the Mega Banks and elevated Equities Prices.

Case in point — the Uptrending U.S. Equities Chart of S&P Price Inflation since 2009 has almost exactly Tracked the Uptrending Balance Sheet of The Fed.

S&P chart from McClellan Oscilator 

(Thanks to McClellan of McClellan Oscillator Fame for permission to reprint.)

And now that The Fed is “Merely” Repurchasing the same Amount of Treasuries as those which mature, the Equities Markets are Topping! Fancy that!

The Hypermonetary Inflation has created and Sustained the Price Inflation (in U.S. in particular) in Equities.

And Note that the Price Inflation in certain Food Commodities has arguably been more influenced by Traditional Supply and Demand (80 Million more people in the World each Year and many with more disposable Income).

In short, Food Commodities Prices are less susceptible to (but not immune from) the Price Suppression which Major Central Banks have been employing to Suppress Gold and Silver Prices.

On the same principle, the recently Deflating Price of Crude Oil is commonly viewed mainly as a function of a recent (albeit temporary) above ground oversupply, plus reduced Market Expectations of supplies being diminished by War or other Disasters, plus the Saudis desire to maintain Market Share. But, perhaps above all, recently lower Crude Prices are a Result of an Increasingly Strong $US, and related covert efforts by the U.S. et al to punish Russia. Eighty percent of the time, oil prices fall when the $US strengthens and vice versa. (cf. Shadowstats.com)

But consider that Prices for Essential Good and Services — Food, Health Care, Utilities, Housing and, until just recently, Energy — have all been dramatically inflating in price in recent years.

Thus we can see why Shadowstats.com’s calculation of Consumer Price Inflation 9.38% is accurate.

So consider the following which explains why the official U.S. annual inflation rate of 1.66% is well below what most people are experiencing in their current day-to-day living.

Since 1980, the government made numerous changes to the methodology used in calculating CPI inflation, with the effect of significantly reducing reported inflation from what it would have been otherwise. The ShadowStats estimate adds back into current official reporting the inflation that was removed by the government's changes.

This reduction in official CPI inflation reporting of recent decades was a deliberate and successful effort by the U.S. government to cut expenses, by creating artificially low cost-of-living adjustments for programs such as Social Security; and to increase tax revenues, with artificially accelerating upside income-tax-bracket shifts.

As a result, today's official CPI no longer measures Consumer Inflation in a manner that is useful or meaningful to individuals as a guide for setting minimum targets for annual income adjustment or for annual investment returns. Generally not understood by the public, current CPI reporting no longer measures the cost-of-living of maintaining a constant-standard-of-living, and it no longer reflects inflation consistent with out-of-pocket expenses. The specifics of the various CPI understatement issues and ShadowStats alternate-inflation estimates are found in Public Commentary on Inflation Measurement. See also Note 1 below for Real U.S. Economic Statistics per Shadowstats.

— But then why are many Central Bankers and Economists expressing concern about Deflation?

Let's first differentiate clearly between several uses of the “Inflation” and “Deflation” terms, concepts that not always are set forth explicitly when a Market Pundit, Economist or Central Banker expresses concern about Inflation or Deflation. These concepts also may appear, at times, to be contradictory. Generally, Inflation may refer to rising consumer or asset prices, or to increasing money supply growth (other measures have been developed specifically for wholesale pricing measures, economic measures, etc.), while Deflation may refer to falling consumer or asset prices, or to declining money supply growth, etc.

Consumer Inflation reflects changes in the costs of consumer goods and services. Most popularly, it is measured in the United States by a version of the official Consumer Price Index (CPI). ShadowStats offers an alternate consumer inflation measure.

Asset Inflation reflects that general appreciation or depreciation of a specific class of assets, such as stocks, bonds, commodities, housing, etc. As an example of potential inconsistencies, an asset deflation, such as a collapsing stock market, is not necessarily inconsistent with rising prices for consumer goods and services or consumer inflation.

Monetary Inflation reflects annual change in the various measures of the money supply, or money in the economy and financial system. Rapidly rising monetary inflation commonly is a direct causal factor in asset inflation, specifically equity markets. The relationship of money growth with consumer inflation is positive, but it is not always as obvious as it should be, due to significant differences in the definitions and estimations of consumer inflation, inflation for Gross Domestic Product (GDP), GDP and the various measures of money supply.

— But, again, why are many Central Bankers and Economists expressing concern about Deflation?

— The big Deflation concern leading into the crisis of 2008 was in terms of a possible failure in the banking system, with a crash in the money supply as well as in consumer and asset prices, effectively a 1930s-style depression and deflation. A large number of banks failed in the early-1930s, depositors lost their assets, the money supply crashed, consumer and prices collapsed along with the economy. In 2008, all deposits were guaranteed and extraordinary efforts were undertaken to prop both the U.S. and global banking systems.

— Although many of the 2008 concerns, economic and financial instabilities persist, (indeed the Monetary Inflation Bubble now being created by The Fed and other Central Banks is Great Cause for Concern) much of that current Asset Deflation concerns stem from the fact that Major Economies — China, the Eurozone, the U.S. — are slowing, i.e., experiencing Economic Deflation as it were.

For another thing, in the realm of Monetary Inflation, the Velocity of Money (the annual turnover the money supply in the broad economy) is at record lows — indeed, at Pre-Depression levels.

In a related area, the Mega Banks are not lending much to “Main Street” preferring to keep Reserves overnight at The Fed, where they can earn 25 BPS worth of Easy Money for doing Nothing.

But The Main Reason for concern about the Deflation in Economic Activity is that Major Economies, the U.S. included, have never come out of Recession, and indeed are slowing and in some cases contracting. And this Economic Malaise is Worsening in all Major Economies notwithstanding the Main Stream Media Hype that the U.S. is recovering. This is the Deflation about which the Central Banks and Economists worry.

— In a word, what we now have is Worsening STAGFLATION. Stagnant and Worsening (i.e., Deflating) Economies and Inflating Prices of many Essential Goods and Services to the Consumer. There is little the Central Banks can do to stimulate economy activity, but they can create unhealthy inflation and increasingly unstable financial markets—the worst of all worlds, and that is what they are doing in their attempt to prop up the Banks, above all.

— Where Central Banks talk of creating inflation with their massive easings, it is first, not an consumer inflation created by a sudden new burst of economic activity, which would be a relatively positive development (there is little the Central Banks can do to stimulate economic demand). Rather it creates a cost-push commodity-based inflation from a weakened domestic currency. Until recently, a deliberately debased U.S. dollar had triggered higher oil and gasoline prices, spiking domestic consumer prices in energy and other categories. In sum, even official U.S. consumer inflation numbers would begin to soar, if the current $US strength should reverse into a tumble.

Second, continued Central Bank pumping up of money stocks is a very deliberate effort to fuel a continuing rise in the value of equity assets, and support Bank Profits.

— By comparison, consider the coincident and deteriorating Stagflation conditions — look at the U.S., for example, where the recent lousy Consumer Confidence Numbers reflect this Reality on “Main Street.”

Also in the U.S., New Home Sales Figures were revised Lower in the third Quarter, consistent with Historical Recessions and Durable Goods Orders are on track for Flat-to-Down Activity for Fourth Quarter 2014. (cf. Shadowstats.com)

Couple that with the fact that Western Europe and the U.S. are in the process of inundating themselves with Masses of largely Dependent Immigrants; thus the U.S. and Eurozone’s Economic Future is Darkening.

For example, consider the Employment Environment for Millions of Unemployed and underemployed Americans — just since July 2014 foreign-born employment increased by 1,028,000, while native-born employment decreased by 780,000 (Rubenstein, VDare.com).

Harvard Prof. George Borjas estimates that the U.S.A.’s CURRENT high immigration — legal (over One Million per Year) and illegal — results in a $402 Billion Wage Loss for competing American Workers, annually! Mass immigration depresses Wages and Displaces Americans.

And consider that Legal and Illegal Immigrant families account for 42% of the growth in Medicaid Costs since 2011. (cis.org) And that is no wonder because recent Migrants are bringing a whole panoply of Disease as Dr. Marc Siegel describes

“... Since illegal immigrants who enter the US are not prescreened in any way, many carry disease... ten to twenty-five percent of the immigrants (in Texas and Arizona) have Scabies, a highly contagious intensely itchy rash.... Already drug-resistant tuberculosis is spreading in Texas... Dengue Fever... is now spreading from the Illegal Immigrants into Texas and Arizona... Measles and Chickenpox are now emerging among the unvaccinated immigrants... now Swine Flu has appeared....”

Marc Siegel MD, Fox News, June, 2014

And we might add that the Medical Evidence indicates that the Enterovirus which has killed seven and sickened thousands of American children is being brought in by these Immigrants.

Given the promise of Free Medical Care and Education and other free (i.e., taxpayer funded) Benefits. It is no wonder that over 36% of all legal (over one Million per year) and illegal immigrants to the U.S. use one or more welfare programs (cis.org).

And the Complaints from some High-Tech Firms that there are not enough H(1b) Visas available for STEM (Science, Technology, Engineering, Math) Workers rings hollow when High-Tech has(is) laid off tens of thousands of American High-Tech Workers (cf. Microsoft & HP layoffs, e.g.).

And the Complaints from some High-Tech Firms that there are not enough H(1b) Visas available for STEM (Science, Technology, Engineering, Math) Workers rings hollow when High-Tech has(is) laid off tens of thousands of American High-Tech Workers (cf. Microsoft & HP layoffs, e.g.).

Thus it is no surprise that the Basic Reality of the Relationship between Population Growth and GDP is that Population Growth typically increases Aggregate GDP but reduces Per Capita GDP.

Couple the Foregoing with ongoing Central Bank Interventions to artificially boost Equity Prices, Support the Mega-Banks (in The private for-profit Fed’s case, including its own shareholders!) and suppress the Prices of Gold and Silver and you have Dangerous Interventions — the Bubbles that Deepcaster and other independent Analysts have been complaining about for years. Indeed, more recently, even Main Stream Investment Managers have recognized the Dangers.

“The investment recommendations made by many financial commentators are now dominated by cross-asset class relative valuation rather than the fundamentals of the investment itself….

“This is an understandable approach as unusual central bank activism has artificially elevated certain asset prices. Yet the dominance of this increasingly popular advice comes with potential risks that need to be well understood and well managed. [Note El-Erian’s reference to “certain” asset classes. — Ed.]

Several asset classes now have highly manipulated prices due to experimental central bank activities, both actual and signaled. The more this happens, the more investors come under pressure to migrate to higher risk investments in search of returns….

“Just a few weeks ago the Federal Reserve announced it is targeting a further $1 trillion in asset purchases in 2013, representing a third of its existing balance sheet. Other central banks -- particularly the Bank of England, the Bank of Japan, and the European Central Bank -- are also expected to expand their balance sheets again in the months ahead….

“There is a limit to how far central banks can divorce prices from fundamentals….at some point, and it is hard to tell when exactly, the private sector will increasingly refuse to engage in situations deemed excessively artificial and overly rigged….

“Have no doubt: Central banks are both referees and players in today's markets. With 2013 starting with so many liquidity-induced deviations, investors would be well advised to take greater care when pursuing opportunities that rely mainly on the ‘central bank put.’” (emphasis added)

“Beware the ‘Central Bank Put’,” Mohamed El-Erian, 01/07/13 Chief Executive and co-Chief Investment Officer of PIMCO

El-Erian is Spot-On correct about the Risks Associated with Investment in “Highly Manipulated Asset Classes, which is why Deepcaster’s portfolio Recommendations aim both to Minimize Risk from and to Profit from, these and others by forecasting Timing and providing Interventional Analyses. (See Notes 2, 3, 4 and 5)

Thus the Interventions make certain Assets Classes even more attractive going forward and others more Treacherous.

Thus, it is no surprise that, the Smart Money is responding accordingly, moving Money into Physical (to avoid the Banking System Bubble) Gold and Silver (and Quality Miners), and certain other commodities.

And Hyperstagflation Resistant Agricultural Land and Essential Food Products Companies are seeing Capital Infusions also. No surprise there either.

The Bottom Line: When considering the Inflation/Deflation Puzzle it is Essential to Evaluate these on a Sector by Sector Basis, and to accurately forecast changes in Inflation/Deflation (as the case may be) Realities and Prospects in each Sector over time. And thus this is The Main Project in which Deepcaster is engaged in order to facilitate Profiting and Protecting Wealth.

Best regards,

Deepcaster December 4, 2014

Note 1: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported November 20, 2014
1.66%     /    9.38%

U.S. Unemployment reported November 7, 2014
5.8%     /     23.0%

U.S. GDP Annual Growth/Decline reported November 25, 2014
2.43%        /     -1.73%

U.S. M3 reported November 15, 2014 (Month of October, Y.O.Y.)
No Official Report     /   4.22% (i.e., total M3 Now at $16.085 Trillion!)

Note 2: Our attention to Key Timing Signals and Interventionals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in recent months in our Speculative and Fortress Assets Portfolios*

  • 105% Profit on a leveraged ETN on the Volatility Index on October 15, 2014 after just 36 days (i.e., about 1090% Annualized)
  • 70% Profit on Russell 2000 Small Cap Sector Put on October 10, 2014 after just 2 days (i.e., about 12,275% Annualized)
  • 70% Profit on Russell 2000 Small Cap Sector Put on October 1, 2014 after just 8 days (i.e., about 3215% Annualized)
  • 55% Profit on Double Short Euro Call on August 6, 2014 after just 106 days (i.e., about 200% Annualized)
  • 65% Profit on Energy Storage & Management Company on July7 15, 2014 after just 342 days (i.e., about 70% Annualized)
  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)
  • 75% Profit on Equity Index Call on May 27, 2014 after 21 days (i.e., about 1305% Annualized.)
  • 30% Profit on Equity Index Call on May 13, 2014 after 34 days (i.e., about 320% Annualized)
  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.

Note 3: A launching Mega-Trend began to Reveal itself last week.

Investors who ignore it do so at their Peril.

Those who Ride with it have Tremendous Opportunities for Profit and Wealth Protection.

Consider its Impact on our Forecasts in Deepcaster’s recent Alert, “Hot Money Opportunities; Forecasts: Equities; U.S. Dollar/Euro, U.S. T-Notes, T- Bonds, & Interest Rates; Gold & Silver; Crude Oil & Copper,” posted in ‘Alerts Cache’ on Deepcaster.com.

Note 4: “Kuroda is a certified madman running the Bank of Japan.” — David Stockman, 11/13/14, former Head US OMB & U.S. Representative

The Accelerator is Running Full Bore and is creating Major Opportunities and Serious Threats.

Though we would not have put it quite that way, Stockman’s comment correctly reflects an underlying Important Reality.

Indeed, the Accelerator is Accelerating.

To consider The Accelerator and the Opportunities and Threats it is generating review our Forecasts in Deepcaster’s recent Alert, “ Accelerator Opportunities & Threats; BUY RECO!; Forecasts: Equities; U.S. Dollar/Euro, U.S. T-Notes, T- Bonds, & Interest Rates; Gold & Silver; Crude Oil & Copper,” posted in ‘Alerts Cache’ on Deepcaster.com.

And for an opportunity to Profit and Protect Wealth in light of What is coming, see our Buy Recommendation aimed at profiting from an impending Major Move. And for a recent Buy Recommendation, see Note 3.

Note 5: Fundamentals, Technicals and Interventionals, are all signaling a Mega-Move is impending in a Key Sector.

And our Timing Forecast is that this move is likely soon, very soon.

Of course other Key Sectors will be affected by this Mega-Move as well.

To consider the Fundamentals, Technicals and Interventionals, read Deepcaster’s Forecasts for Key Sectors in our recent Alert, “Key Sector Mega-Move Impending; BUY RECO!; Forecasts: Equities; U.S. Dollar/Euro, U.S. T-Notes, T- Bonds, & Interest Rates; Gold & Silver; Crude Oil & Copper,” posted in ‘Alerts Cache’ on Deepcaster.com.

 

 


Rob Kirby - This Is Where The Whole Financial Crisis Originated

Posted by: The Daily Coin

Tagged in: Untagged 

The Daily Coin

Spikes & Opportunities Impending

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

 

(Thus they will tank too … ending in – Ed.) “a very bad way.”

Julian Robertson

Major Geopolitical, Economic and Financial Events will occur beginning this November. And certain of these will generate Mega-Moves in Key Sectors.

And Legendary Investor Julian Robertson has correctly identified one of them — The Great Bubble Event which will end in “a very bad way”.

Indeed, the Jaws of Death and Hindenberg Omen Technical Signals are forecasting these Events and their impact on the Markets.

These events will cause some Key Markets to spike much Higher and others Much Lower. In this Article, Deepcaster identifies Key likely events and forecasts likely consequences for Markets and the Economy.

Consider the Events and Forecasts:

1) the Swiss Gold Vote to withhold Swiss Gold from Sale and accumulate more

Forecast:If the Swiss Referendum passes, which is likely but not certain, it could serve as the Catalyst for Gold to finally make its Great Launch Upward.

2) The November 4, U.S. Elections will help determine the prospects for effective government going forward.

Forecast: Whether or not the Republicans win the U.S. Senate, the prospects for Dysfunctional U.S. Leadership (and thus continued Economic Weakness and Market Volatility) will continue throughout the remainder of the failing Obama Presidency.

3) the Dramatic Effects of the Saudis pushing the Crude Oil Price down to $80/bbl and thus Crude Oil Price Prospects going forward.

Forecast: For a number of reasons, the Saudis will not be able to sustain this Price Suppression. There are a Number of Factors working to elevate and other to Depress Oil Prices going forward, so our Forecast is for higher Volatility going forward. (For a detailed analysis and Specific Price Forecasts see Deepcaster’s November Letter just posted.)

4) U.S. President Obama’s Pledge to Order an (probably Unconstitutional) Amnesty of up to 34 Million (Bids for printing up to 34 Million Green Cards have been solicited by the Obama Administration) Illegal Aliens now living in the U.S. after U.S. Elections, despite evidence that a number of those to be Amnestied carry Active Tuberculosis, Enterovirus, (which is now sickening and killing American Kids) Chagas and other Diseases, and/or are Gang Members or convicted Criminals (cf. carryingcapacity.org).

Forecast: Assuming Obama Orders an Unconstitutional Amnesty of 12 to 34 Million Illegals and gives Many of them Work Permits, it will further depress American Wages, and raise Unemployment of Americans thus diminishing Consumer Demand and intensifying pressure on Budgets via taxpayer-funded Health and Education Facilities. (Net Costs [after subtracting Taxes Immigrants pay] would be over $6 Trillion [Heritage Fdn – Rector et al]) Also, those Legal and Illegal Immigrants not working are likely to go on Welfare and Food Stamps, as over one-third already are (cf. cis.org). The Amnesty would also serve as an incentive for Millions more to come illegally. Important to note is that while a large Workforce may increase aggregate GDP, it almost always depresses per capita GDP especially if many added to the workforce are low skilled.

5) The Brazilian election

Forecast: a Roussef win has greatly strengthened the BRICS Coalition (given Brazil’s prominence in the BRICS and its Resource Base), and will ultimately serve to weaken the U.S. and European Economic Hegemony and the $US. The BRICS Nations have already established a “Development” Bank to compete with the Western Nations’ IMF and a Chinese or Chinese-BRICS World Reserve Currency is coming to replace the $US.

6) the reinstitution of publically visible QE by The Fed (which is likely already continuing via Covert QE via Belgium)

Forecast: We expect publically visible QE to be revived in the next few months and that would signal that Hyper Monetary Inflation has launched and is here to stay and would thus launch Hyper Price Inflation. The Equities Market Takedown of a couple weeks ago was a Harbinger of these coming developments. Deepcaster’s Forecasts thus facilitated three significant Profit Takings in early October (Note 2).

7) the further Economic weakening of the Eurozone, including the likely collapse of one or more Eurozone Peripheral countries’ Banks, and/or French bank/s, and/or even Economic collapse of certain of the aforementioned countries. Recent Eurozone Bank Stress Tests were a (Bad) Joke.

Forecast: A Major Bank or Country Collapse would Signal European Central Bank QE is not Working and the Eurozone is not recovering. This would Crash Eurozone and other Markets. A likely but not certain Prospect.

8) Russia (and with close cooperation of China) finally seriously retaliates against Ukraine and the rest of the West, by increasing Physical Gold purchases, selling U.S. Treasuries, and taking further $US weakening steps. This would further facilitate the Chinese Yuan’s progress toward becoming the World’s Reserve Currency.

Forecast: U.S. and Eurozone Sanctions will have Backfired, further hurting their Economies, and therefore Markets, because Russia has Resources (Gas, Gold and Oil, e.g.) andthe cooperation of China.

9) US Debt balloons toward $18 Trillion and Downstream Unfunded Liabilities toward $125 Trillion

Forecast: As the $18 Trillion Mark is passed this will put another Nail in the Coffin of the U.S. Dollar as World Reserve Currency.

10) World Population continues to increase by 80 million per year moving through 8 and then 9 Billion.

We reiterate that while growing populations may increase aggregate GDP, they almost always reduce per capita GDP, thus impoverishing the citizenry. Key resource base components (e.g., topsoil and potable water) are limited and their expansion is severely constrained.

Forecast: Population Growth increases demand for resources (e.g., Energy, Food and Other Commodities) on a limited Resource Base and thus increases Resource Nationalism. Resource Nationalism (such as China’s exhibiting increasing Force in the South China Sea including claiming Oil and Gas Drilling Rights which Vietnam and Japan claim as theirs also) and Migrant Pressure on Borders of the U.S., Eurozone and the Developed World continue to increase, with eventual Disastrous results for Economic and Social Stability.

11) The Currency Wars continue with the Major Central Banks conducting Serial Devaluation of the Purchasing Power of their Currencies. This serves, of course, to enrich their Banker and Mega-Business Owners/Clients and impoverish their Middle Classes.

Forecast: This Process is Creating a Great Credit Bubble based on Borrowed Liquidity not Earned Liquidity – a very Dangerous Situation as former Deutsche Bank CEO, Kurt Richebacher (RIP), pointed out. Indeed, it is a set-up for a Weimar Republic Scenario.

Financial Guru, Bill Bonner, explains How and Why and Cui Bono (i.e., Who Benefits)

“…On Thursday, the Dow rose 221 points.

“This is good news for Janet Yellen. She must think she has made a clean getaway. She has fled the scene of the biggest financial heist in history with no cops in sight. …

“This grand larceny involved $3.6 trillion. Counterfeit – every dollar of it. Not a penny of it was ever honestly earned or earnestly saved... or dug out of the dirt and turned into coins.

“…But hardly a single soul understood what was going on….

“Next question: Who has the money? We don't know that either. But the Fed fabricated $3.6 trillion over the last five years... and every penny ended up in someone's hands. Follow the money. You will find out what happened….

“On our desk are two great books. One is David Stockman's The Great Deformation. …

“Stockman was present at the creation, so to speak. … when the Republican Party ran off the rails and veered sharply toward deficits and activism.

“Stockman fought hard to stop it, battling Dick Cheney and the neocons, and he lost. …

“Politics won out over sound fiscal principles. "Deficits don't matter," said Cheney. Which means debt doesn't matter. …

“But thenceforth, neither Republican nor Democratic administrations stood in the way of the great credit bubble.

“With an almost infinite amount of credit to work with, Wall Street quickly rose to the challenge. It peddled debt to everyone – governments, corporations and households.

“Americans took the bait….”

“The Biggest Financial Heist in History,” Bill Bonner, 10/31/2014

Of course, the foregoing are factored into Deepcaster’s weekly forecasts.

In sum, the ongoing Currency Wars are generating a “Race to the Bottom,” overall Slowing Major Economies, generally, and a still increasingly economically depressed Middle Class and high Unemployment in the U.S. and other developed Countries (Note 1). The foregoing will not support much Stronger Economic Growth and much Higher Equities Markets going forward.

These facts have already and will increasingly provide Opportunities for Wealth Protection and Profit going forward for those who are able to surmount Main Stream media spin and News Blackouts. Those who ignore them do so at their Financial Peril.

Best regards,

Deepcaster
October 31, 2014

Note 1: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported October 22, 2014
1.70%     /    9.38%

U.S. Unemployment reported October 3, 2014
5.9%     /     23.1%

U.S. GDP Annual Growth/Decline reported September 26, 2014
2.59%        /     -1.66%

U.S. M3 reported October 21, 2014 (Month of September, Y.O.Y.)
No Official Report     /   4.25% (i.e., total M3 Now at $16.018 Trillion!)

Note 2: Our attention to Key Timing Signals and Interventionals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in recent months in our Speculative and Fortress Assets Portfolios*

  • 105% Profit on a leveraged ETN on the Volatility Index on October 15, 2014 after just 36 days (i.e., about 1090% Annualized)
  • 70% Profit on Russell 2000 Small Cap Sector Put on October 10, 2014 after just 2 days (i.e., about 12,275% Annualized)
  • 70% Profit on Russell 2000 Small Cap Sector Put on October 1, 2014 after just 8 days (i.e., about 3215% Annualized)
  • 55% Profit on Double Short Euro Call on August 6, 2014 after just 106 days (i.e., about 200% Annualized)
  • 65% Profit on Energy Storage & Management Company on July7 15, 2014 after just 342 days (i.e., about 70% Annualized)
  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)
  • 75% Profit on Equity Index Call on May 27, 2014 after 21 days (i.e., about 1305% Annualized.)
  • 30% Profit on Equity Index Call on May 13, 2014 after 34 days (i.e., about 320% Annualized)
  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.


Profitable Investing in Essential Resources NOW

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

 

When considering investing in Essential Resources it is important to determine not only which of these have relatively inelastic Demand but also those which have Relatively inelastic Supply.

Now is a time of Great Opportunity for Investing in certain (but not all!) Key Resources, because certain Key Resources are NOW available at Bargain Basement Prices.

The Key to Picking which ones is to focus on the Big Picture for a particular Resource, an Important Deepcaster Focus.

As well, it is important to Tune Out the Mainstream Media Hype and Spin (or Gloom and Doom, as the Case may be) and look at the Real Fundamentals.

So consider here an overview of the prospects for Four Essential Resources: Potable Water, Gold, Silver and Crude Oil.

There is a Delusion, somewhat widely accepted, that if an Essential Resource is in Short Supply, the Supply Problem can be solved if one applies enough Appropriate Technology and Capital to it.

Realistically, though, for certain Essential Resources, supply shortages, (i.e., Demand “Longages” ) can be Managed, to a point. Yes. Solved No.

This Reality provides both an Opportunity and a Threat — a Profit Opportunity for those who are aware of it, and a Threat for those who are not.

Several such Great Essential Resources Opportunity/Threats face us today. Potable Water, for example provides a Great Profit Opportunity. (Indeed, Deepcaster has already recommended taking Profit on One of our recent Water Sector Recommendations and have a current Recommendation aimed at profiting from another one in the Water Sector also.

Potable Water can be Managed to a Point, but there is no feasible (i.e., Energy and Capital Efficient) technology which can create the Vast Quantities of Potable Water Needed for Agriculture and Huge Urban Areas.

Resource Realists are already learning this Hard Lesson from the Mega-Drought now Threatening California and the rest of the West and Southwest from Texas to Oregon.

Consider excerpts from the following report on Ground water from California; California provides over of 50% by value of the USA’s Agricultural Product plus considerable Agricultural export Income.

“The ongoing disaster that is the drought in the West is leaving wells dry across California - which account for up to 60% of water usage. As WSJ reports, as groundwater levels plunge (100 feet or more lower than norm), wells are being driven further and further into the earth (500 feet in some cases) forcing the state legislature is considering regulating underground water for the first time. ‘We can't continue to pump groundwater at the rates we are and expect it to continue in the future,’ warns one engineer, adding ‘What's scary is we're not fixing anything... It's a race to the bottom.’

“‘Everybody was pumping to their heart's content, until they realized the basin isn't that big.’

“With groundwater levels falling across the Golden State—causing dried-up wells, sinking roadbeds and crumbling infrastructure—the state legislature is considering regulating underground water for the first time.

“Californians have long battled over rights to rivers, lakes and other surface-water supplies, but the drought is finally shifting the focus to groundwater, which accounts for about 40% of water used in normal years—and up to 60% in drought years, as other sources dry up….

“…groundwater tables in some parts of California have dropped 100 feet or more below historic averages. That has resulted in an estimated $1.3 billion in damage to infrastructure, such as cracked highways due to subsidence…

“One California County Supervisor Frank Mecham said the near-doubling of the county's population to 275,000 since 1980 has put pressure on groundwater….”

“Government To Regulate Groundwater For 1st Time As California Drought Becomes ‘Race To The Bottom’,” Tyler Durden, zerohedge.com, 08/29/2014

Of course, the aforementioned Supervisor put his finger on the Primary Cause of the dramatically increased demand for Potable Water from Urban Areas – Population Growth (100% of which for the past decade has been caused by Mass legal and illegal immigration). The Potable Water supply Realities in the West and Southwest demonstrate that there are Carrying Capacity Limits (Note 3 Definition).

So where are the Investment Profit and Wealth Protection Opportunities?

Are Desalination Plants the answer? No, The Capital Expenditures are massive and Energy Requirements Substantial and amounts of Potable Water Produced are quite Small relative to Agricultural and Urban Demand.

And as to Techno-fixes, who after all really wants to drink “Greywater”?

Or consume Food irrigated with “Greywater”?

There are three Key Points here:

1) Groundwater and other Essential Potable Water Resources are de facto quite limited.

2) Essential Water and virtually irreplaceable Topsoil Resources can not support Unlimited Population Growth. See www.carryingcapacity.org.

3) Acknowledging the Reality of the Foregoing Resource Limits allows one to Profit from the Opportunity and avoid the Threats to Assets reliant on Essential Resources. Indeed, Deepcaster (an others with a “Big Picture” Perspective saw this Investing Opportunity months ago, and have already recommended water sector stocks (see Note 1).

So now consider the Fundamentals for three other Essential Resources. Gold and Silver Prices have been in a downtrend for many months and Crude Oil for many weeks.

Gold in Real Money, Silver is Real Money and Essential in High Tech and Medical Applications and Crude Oil is The Essential Portable Energy source for years to come.

Considering “Big Picture” Fundamentals, the Upside Price Potential for all three is Quite Bright. Consider a few Key Big Picture Fundamentals for these three.

Many weeks ago we first Forecast the $US would rise vis à vis the Euro, short-term, and it has and still is, because of the $US and U.S. Economy’s relative perceived (but not Real) strength.

The Eurozone is about to embark on a round of easing (i.e., Currency Devaluation just as Japan has been doing) vis à vis the $US ostensibly to combat its lousy Economy and 11.5% Official Unemployment Rate. And Japan is engaged in QE as well.

Indeed, the Major Economic Powers have been and continue to be in a War of Competitive Fiat Currency Devaluation (i.e., Purchasing Power Devaluation).

And though the USA is ostensibly on track to taper its Bond buying to zero, there is considerable evidence that it continues to purchase U.S. Treasuries (to boost the $US) using Belgium as a “Front.” (See Deepcaster’s earlier Article).

Moreover, the Eurozone Economy is still depressed, and the Chinese economy is slumping somewhat.

Thus, short-term, we can expect money to continue to flow into the $US and U.S. Treasuries, with the U.S. 10Yr. Yield Bouncing in the 2.2% to 2.6% range.

But underneath the Mainstream Media Hype, the U.S. Economy is not recovering either with Real Unemployment at about 23% and Real U.S. GDP a Negative Number per Shadowstats.com. (Note 2)

While the Official Headline Consensus puts U.S. GDP at 4.6%, as Shadowstats’ John Williams says, “The GDP also has been subject to special-purpose (usually election-related) political manipulation…over the last five decades… [resulting in… Ed] … the heavy overstatement of second-quarter GDP Growth … Happy Hype, Fluff and Guesstimates Boosted the GDP Growth Estimate… the Broad Economy … is still turning down anew.” Shadowstats #662, September 26, 2014.

Considering the foregoing, imagine the Economic Catastrophe if The Fed were to try to sell any significant amount of its $4 Trillion-plus Hoard of U.S. Treasuries back into the Market.

So, Key “Big Picture” Fundamentals for Investors are

1) the Real Continuing down turn in the U.S. Economy and

2) the ongoing Competitive Devaluation (i.e., Fiat Currency) War among Major Central Banks—a War which in principle can not continue indefinitely

Thus we forecast: The Fed will have to resume publically visible QE some time in the next 12 months, and Deepcaster aims to more precisely forecast the timing as we move closer to that event.

This will Crash the $US and U.S. Treasuries and usher in Hyperinflation, including Hyperinflation of the Prices of Gold and Silver and Crude.

We are not quite ready to make the Call as to the Specific Month, but we will make it in due course.

Indeed, one Major Geopolitical Event actually scheduled for a very few weeks from now could well touch off a massive Rally in Gold and Silver, the Essential Monetary Metals, i.e., non-Fiat Currencies.

And The Fed’s re-institution of QE which will happen (the only question is timing) will touch off a Massive Rally in these two Monetary Metals and in Crude.

As a result of all the foregoing and other key factors, Deepcaster considers that our following forecasts made a week ago are “Baked into the cake.”

In the next 12 months we forecast (and in our October Letter we identify):

— 2 Key Sectors currently in Multi-Month Downtrends will Reverse and Skyrocket.

— 3 Key Sectors in Multi-Month Uptrends will Reverse and Crash.

— A Dramatic and Sudden Event in one Essential Sector will shake Markets and Economies to the core.

— And, we forecast in October that one Major Sector will Crash

Seeing the “Big” Picture and the Real Fundamentals are essential to profiting and protecting Wealth, via Essential Resources, going forward.

Best regards,

Deepcaster
October 10, 2014

Note 1: Our attention to Key Timing Signals and Interventionals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in recent months in our Speculative and Fortress Assets Portfolios*

  • 70% Profit on Russell 2000 Small Cap Sector Put on October 1, 2014 after just 8 days (i.e., about 3215% Annualized)
  • 55% Profit on Double Short Euro Call on August 6, 2014 after just 106 days (i.e., about 200% Annualized)
  • 65% Profit on Energy Storage & Management Company on July7 15, 2014 after just 342 days (i.e., about 70% Annualized)
  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)
  • 75% Profit on Equity Index Call on May 27, 2014 after 21 days (i.e., about 1305% Annualized.)
  • 30% Profit on Equity Index Call on May 13, 2014 after 34 days (i.e., about 320% Annualized)
  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.

Note 2: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported September 17, 2014
1.70%     /    9.42%

U.S. Unemployment reported October 3, 2014
5.9%     /     23.1%

U.S. GDP Annual Growth/Decline reported September 26, 2014
2.59%        /     -1.66%

U.S. M3 reported October 7, 2014 (Month of September, Y.O.Y.)
No Official Report     /   4.39% (i.e., total M3 Now at $16.045 Trillion!)

Note 3: “Carrying capacity” refers to the number of individuals who can be supported in a given area within natural resource limits, and without degrading the natural social, cultural and economic environment for present and future generations.


Profiting from Coming QE / Debt Consequences

Posted by: Deepcaster

Tagged in: myblog

Deepcaster

 

“Peter Schiff, CEO of Euro Pacific Capital,… recently gave a presentation of his book…. The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, which warns that the next crisis will dwarf that of 2008…

“Schiff reiterated a theme … that quantitative easing will never end, but the tolerance of the market for dollar-denominated assets will end and bring about the next crisis episode….”

“Euro Pacific Capital’s Peter Schiff Warns of The Great Crash,” moneynews.com, 08/19/2014

European Central Bank Head, Mario Draghi recently signaled Eurozone QE is Dead Ahead. And the World has yet to deal with the Consequences of past and ongoing Fed, Japanese, and Chinese Monetary Policies. The coming Consequences of Central Bank QE and other Policies are reflected in the following Major Investors’ Actions and Analysts recommendations.

1) An Eminence Grise of the Newsletter Writing Fraternity just reiterated his recommendation that his Subscribers get entirely out of One Very Major Sector except for select small holdings in one Subsector.

2) And a Multi-Billionaire Investor recently made a $2 Billion Bet that a Turning Point in a Very Major Sector is impending.

3) And Multi-Decade Charts “Forecast” a Major Trend Turn in a Major Sector.

4) And a near-billionaire Investor just Published a Book describing why that Trend Turn was a High Probability.

5) And consider the Prophetic comments from David Stockman

“Central banks all over the world have been massively expanding their balance sheets, and as a result of that there are bubbles in everything in the world, asset values are exaggerated everywhere. The Fed is exporting this lunatic policy worldwide….

“It’s only a question of time before the central banks lose control, and a panic sets in when people realize that these values are massively overstated.”

“Former Reagan Budget Head David Stockman: Fed Has Created Gargantuan Global Bubble,” David Stockman, moneynews.com, November 2013  

6) And Deepcaster’s own Research Impels him to agree with all five of them.

The important point is the Rationale that each has for the Position Expressed.

1) Various Fundamental and Technical (“the Stock Market is exhausted”) Factors are cited to support Richard Russell’s recently expressed view that his “Subscribers (are) hopefully out of all common stocks except for Gold Miners.”

2) A $2 Billion Bet on a Market Crash via e.g., Puts on the S&P 500 placed by George Soros speaks for itself.

3) And that Multi-Decade Equities Bearish Expanding Wedge is the Ultimate Jaws of Death Technical Pattern forecasting an Equities Market Crash some time in the next few months—stay tuned for Deepcaster’s Timing forecasts in this regard.

4) And perhaps a Major Cause of the Impending Crash — the fact that Equities Markets have been artificially buoyed up by Fiat Money Printing by the Central Banks, coupled with Massive Sovereign and other Borrowing—a Hermageddan Credit Bubble as author Bill Bonner would put it.

5) And Jim Rickards joins Peter Schiff in identifying the Mega- Bankers as the Main Culprits

“Bankers’ parasitic behavior, the result of a cultural phase transition, is entirely characteristic of a society nearing collapse. Wealth is no longer created; it is taken from others. Parasitic behavior is not confined to bankers; it also infects high government officials, corporate executives and the elite societal stratum….

Jim Rickards, The Death of Money, June 2014

And regarding Parasitic Bankers helping other Bankers (to the detriment of virtually everyone else), David Stockman well describes the ostensibly American private for-profit Fed’s Gift to the Foreign Mega Banks.

“This profit stripping operation is simple. Foreign banks on Wall Street borrow from money market funds at an infinitesimal 3-6 basis points and then shuffle the loot down to 33 Liberty Street where the New York Fed pays them 25 basis points on the same funds. This gift is known as the IOER payment for excess reserves. It is a short-term trade which is rolled-over day after day and is absolutely risk free….

“This seems like a screaming outrage that couldn’t be true—especially because the real beneficiaries of the Fed’s largesse are Europe’s giant banks which are insolvent but socialized wards of the state. …  

Just as the Fed instructs foreign banks to ‘come and get it’ with its locked-in IOER/money market spread, it delivers the same message to the entirety of what has become the Wall Street gambling casino….

The heart of the evil is interest pegging itself. That is, the replacement of market prices with administered prices—direct and indirect—throughout the financial system….

“Now that is the essence of Fed Policy. An all-powerful, un elected arm of the state has transformed itself into a crooked croupier and has no intention of leaving the casino.”

“Why The Fed’s Outrageous Gift to Foreign Banks—Risk Free Arbitrage On IOER—Is Just The Tip Of The Iceberg,” David Stockman, davidstockmanscontracorner.com, 08/23/2014

And it is not merely that The Fed is primarily engaged in helping its Mega-Bank Clients/Shareholders but that its policies are hurting Investors, Wage-earners and Retirees and indeed the entire Real Economy.

“The Fed has not made the world a better place with its interventions. It has created moral hazard, encouraged the formation of asset bubbles that eventually pop (leaving economic messes), widened the wealth inequality gap to record levels, discouraged savings and investment, severely penalized retirees on fixed incomes, encouraged spending, funded massive government deficit spending by monetizing the debts, lengthened the recession and likely reduced the number of jobs that would have been created if the economy had been allowed to take its normal course. Eventually, the Fed’s policy interventions will also have created debilitating, widespread consumer inflation, the cruelest tax against the poor and middle classes.”

Fred Hickey, (aka the High-Tech Strategist) August, 2014

Indeed, a Fed-led Cartel has and is manipulating Prices in many markets and suppressing the prices of Gold and Silver. But one can use knowledge of these Manipulations to Profitable Advantage – see Note 2 re The Cartel.

6) But Deepcaster and Richard Russell both expect one more Major Upside Equities Surge to “New Record Highs” before The Great Crash Begins.

In this regard, see Deepcaster’s Forecasts and Buy Recommendations at Deepcaster.com and note how our Monitoring Fundamentals, Technicals and Interventionals has facilitated recent profitable positions (see Note 1 re Recent Profits Taken).

Of course, Intensifying Negative Geopolitical Events, and/or weakening Fundamentals, and/or rising interest rates could launch The Great Crash at any Time.

“Since the beginning of July, we’ve seen a sputtering stock market, a 65 basis point widening in high-yield spreads, a 15 basis point flattening of the Treasury curve (2s-10s) and a strong dollar (DXY US dollar index up 1.5%). This is typical of how the markets behave three or four months ahead of the onset of a Fed rate-hiking cycle.”

David Rosenberg, 08/14/2014

Apparently David Rosenberg and George Soros (and notwithstanding his destructive deconstructive political views) agree with Deepcaster about what is coming – mainly a Consequence of Major Central Bank Policies.

Finally, it is essential to Monitor The Real Numbers (e.g., US CPI at 9.8% and Real Unemployment at %) rather than the Bogus Official One (see Note 3).

To be forewarned facilitates being forearmed for Profit and Wealth Protection as we were in 2008 (see Note 2). In other words, to profit from the coming QE/Debt Consequences, closely monitor the Fundamentals, Technicals and Interventionals, and The Real Numbers, not the Bogus Official ones.

Best regards,

Deepcaster
August 29, 2014

Note 1: Our attention to Key Timing Signals and Interventionals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in recent months in our Speculative and Fortress Assets Portfolios*

  • 55% Profit on Double Short Euro Call on August 6, 2014 after just 106 days (i.e., about 200% Annualized)
  • 65% Profit on Energy Storage & Management Company on July7 15, 2014 after just 342 days (i.e., about 70% Annualized)
  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)
  • 75% Profit on Equity Index Call on May 27, 2014 after 21 days (i.e., about 1305% Annualized.)
  • 30% Profit on Equity Index Call on May 13, 2014 after 34 days (i.e., about 320% Annualized)
  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)
  • 100% Profit on Crude Oil Call on February 10, 2014 after 27 days (i.e., about 1400% Annualized)
  • 30% Profit on Equity Index Puts on February 5, 2014 after 8 days (i.e., about 1440% Annualized)
  • 55% Profit on Water Management Company on January 15, 2014 after 406 days (i.e., about 50% Annualized)
  • 140% Profit on Equity Index Call on December 27, 2013 after just 10 days (i.e., about 5200% Annualized)
  • 40% Profit on Equity Index Call on December 19, 2013 after just 2 days (i.e., about 7500% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.

Note 2: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s July, 2014 Letter entitled "Profit, Protection, Despite Cartel Intervention" in the ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.

Note 3: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported August 19, 2014
1.99%     /    9.73%

U.S. Unemployment reported August 1, 2014
6.2%     /     23.2%

U.S. GDP Annual Growth/Decline reported August 28, 2014
2.48%        /     -1.66%

U.S. M3 reported August 18, 2014 (Month of July, Y.O.Y.)
No Official Report     /   4.69% (i.e., total M3 Now at $16.008 Trillion!)


 

Booming Initial Estimate for Second-Quarter GDP Largely Was Fluff….

“With the government’s estimates of GDP activity so far removed from reality, the issue here is not whether the U.S. economy is booming along or not. It is not; it never recovered from the collapse into 2008 and 2009. The issue with today’s numbers is in the timing of a more-formal financial-market and political recognition of the issues and ongoing severe difficulties involved here for consumers….

“The GDP remains the most-worthless and the most-heavily modeled, massaged and politically-manipulated of government economic series. It does not reflect properly or accurately the changes to the underlying fundamentals that drive the economy. Underlying real-world economic activity suggests that the broad economy began to turn down in 2006 and 2007, plunged into 2009, entered a protracted period of stagnation thereafter—never recovering—and then began to turn down anew in second- and third-quarter 2012…

“…the full economic recovery indicated by the official, real GDP numbers remains an illusion. It is a statistical illusion created by using too-low a rate of inflation in deflating (removing inflation effects) from the GDP series….”

“Second-Quarter 2014 GDP, GDP Benchmark Revisions, Household Income,” Commentary Number 646, John Williams, Shadowstats.com, 07/30/2014

Main Stream Media Distortions and News Blackouts coupled with Bogus Economic Numbers and “Communications Policy” Distortions from the U.S., European and Chinese Central Banks, and others Misleads Investors and puts their Investments at Risk.

Deepcaster aims to continue to inform investors of these Disinformation Risks before the fact. For example, we have reiterated the Dangers of the Massive and Intensifying Worldwide Credit/Debt Bubble which reared its head with Greece and Cyprus and now in Argentina’s Default.

The most Recent Official Statistics’ Distortion is reflected in the 2 nd Quarter U.S. GDP Numbers which shadowsstats.com correctly labels “‘Fluff’, massaged and Politically Motivated.”

So here we Identify Major Distortions and News Blackouts to inform Investors and to facilitate Wealth Protection and Profit.

Yet another Major Threat arises from Central Bank Monetary Hyperinflation.

“Monetary Malfeasance by the Federal Reserve is seen in its process of seeking to provide liquidity to a troubled banking system, and also to the U.S. Treasury, with a current pace of monetization at 94.1% of effective net issuance of the Federal Debt to be held by the public so far in calendar year 2014 (through July 16 th), 75.3% since the January, 2013 expansion of QE3.”  

John Williams, Shadowstats.com, 07/23/2014

Extraordinary it is that the pace of Fed Monetization of U.S. Treasury Debt issuance continues to accelerate and has now reached 94.1% of Net Issuance.

This means that there is a dramatically decreasing Real (i.e., from other sovereign or Institutional Investors) Demand for U.S. Treasuries, and, by implication, for the U.S. Dollar.

But regarding Net New Issuance, the Monetization “Music” must stop at 100%.

But consider that, regarding Timing, we are nearly there Now.

This Ominous Trend spells Trouble, Serious Trouble for the U.S. Dollar as World Reserve Currency, and indeed as a Reservoir of Purchasing Power and Wealth.

The Tipping Point for the $US is very Near, so Deepcaster increasingly reiterates his Timing Forecasts.

Thus, the Consequences of a dramatically weakening $US for $US-denominated Assets (and, since the $US is still the World’s Reserve Currency, for Most Major Assets) will be Profound.

And these Consequences will begin to become evident very soon.

Former OMB Director, David Stockman, Counters the Main Stream Media Spin and Blackouts, and lays out the Essential Fundamentals.

“The 2008 Wall Street meltdown is long forgotten, having been washed away by a tsunami of central bank liquidity. Indeed, the S&P is up nearly 200% from its March 2009 low. Yet four cardinal measures of Main Street economic health convey nothing like a 2X pick-up from the post-crisis bottom.

“To wit, in June the count of breadwinner jobs was 68.5 million or 5% below where it stood as the crisis got underway. Likewise, business investment in real plant and equipment is still 5% below its late 2007 peak. So too with the real median family income at about $53k—it’s still down by 6%. And unlike past cycles where safety net programs like food stamps shed recipients as the recovery gained momentum, there are still nearly 47 million Americans in the program compared to 30 million in March 2009.

“This juxtaposition has been explained away by Wall Street stock touts under the heading that “this time is different”. … owing to record corporate profits and an upward re-rating of PE multiples reflecting lower than historical interest rates. And, indeed, the raw facts can be marshaled to this end. (For example) … profits are at 60-year highs.

“This is just the trouble, however. The robust rate of profit growth during recent years reflects a one-time gain in the profit share of factor income. This gain in all probability cannot be replicated again … (and) is extremely vulnerable …

“The same can be said of low interest rates. … No amount of money printing and financial repression by the central banks can keep yields on the massive trove of $12 trillion of publicly-held treasury debt at a negative after-tax and after-inflation rate indefinitely.

“… PE multiples are at the top of their historic range and at a point of extreme vulnerability where market crashes have invariably occurred in the past. …

“Given these adversities, there is no reason to assume that US real growth will sharply accelerate from the tepid trends of the recent past….

“And that points to the real evil of monetary central planning and the serial financial bubbles that it inexorably produces. Bubbles are only recognized after the burst into a flaming crash….”

"This Time is Not Different: Why the Market is headed for a Fall," David Stockman, 07/24/2014

Indeed, the BIS, the Central Bankers Bank, warned at the beginning of July 2014, that there are “dangerous new asset bubbles.” Yes, indeed!

And as a further Impending Threat to $US Dominance, a whole variety of Major Countries (including several of those in the Western Alliance) are entering into Bilateral Currency-Swap Agreements with China, thus excluding the $US. And when the $US Falls, the U.S. Economy and Markets Crash along with it.

As well, it is clear the BRICS Nations (Brazil, Russia, India, China, and South Africa) are rapidly moving toward a non-$US based World Reserve Currency, and indeed, an Alternative Central Banking System, thus bypassing the IMF. This BRICS recently met to create the $100 Billion BRICS Development Bank and a Reserve Currency Pool of Similar Size!

Compounding the problem is the compelling evidence that The Fed is increasing QE not “tapering” it. Were this Evidence to become widely accepted as Reality, it would be very $US Destructive and very Bullish for Gold, by the way.

Consider the Evidence for former Asst. Secretary of the Treasury, Paul Craig Roberts.

“Is the Fed ‘tapering’? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.

“From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.

“Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 percent of Belgium GDP?

“No, Belgium’s trade and current accounts are in deficit.

“Did Belgium’s central bank print $141.2 billion worth of euros in order to make the purchase?

“No, Belgium is a member of the euro system, and its central bank cannot increase the money supply.

“So where did the $141.2 billion come from?

“There is only one source. The money came from the US Federal Reserve, and the purchase was laundered through Belgium in order to hide the fact that actual Federal Reserve bond purchases during November 2013 through January 2014 were $112 billion per month….

“Why did the Federal Reserve have to purchase so many bonds above the announced amounts and why did the Fed have to launder and hide the purchase?

“Some country or countries, unknown at this time, for reasons we do not know dumped $104 billion in Treasuries in one week….

“The Fed realized that its policy of Quantitative Easing initiated in order to support the balance sheets of ‘banks too big to fail’ and to lower the Treasury’s borrowing cost was putting pressure on the US dollar’s value. Tapering was a way of reassuring holders of dollars and dollar-denominated financial instruments that the Fed was going to reduce and eventually end the printing of new dollars with which to support financial markets. The image of foreign governments bailing out of Treasuries could unsettle the markets that the Fed was attempting to sooth by tapering….

Washington’s power ultimately rests on the dollar as world reserve currency. …

If the world loses confidence in the dollar, the cost of living in the US would rise sharply as the dollar drops in value. Economic hardship and poverty would worsen. Political instability would rise.

If the dollar lost substantial value, the dollar would lose its reserve currency status. Washington would not be able to issue new debt or new dollars in order to pay its bills….”

“Fed Disguising QE by laundering it through Belgium,” Paul Craig Roberts, paulcraigroberts.org, 05/12/2014

And if we look at The Real Numbers and not the Bogus Official Ones, the U. S. Economy is not nearly as Robust as the Main Stream Media would have us believe.

Seriously-Flawed Headline Jobs Growth and Unemployment Reporting Miss Underlying Reality by a Wide Margin. May 2014 headline jobs growth of 217,000 and headline unemployment at 6.3% both were close to market expectations, but they were far removed from common experience and underlying reality….

“With broad unemployment topping 23% and with monthly payroll-employment reporting currently overstating jobs growth by a couple of hundred thousand jobs, the economy never recovered from its plunge into 2009. It also is not about to recover, but instead it is turning down anew, as other discussed in 2014 Hyperinflation Report-Great Economic Tumble – Second Installment….

“…Headline employment reporting currently overstates monthly jobs growth by at least 200,000…”

“Monthly Payroll Gains Overstated by 200,000-Plus Jobs,” Commentary Number 633, John Williams, Shadowstats.com, 06/06/2014

And even the most recent Headline numbers reflected weakening Job Growth!

Yet Fed and other Major Central Bank Policy is not helping, and indeed is hurting Retirees, Savers and the Middle Class, the Bulwark of Consumer Spending, 70% of the U.S. Economy.

And we note another Ominous Trend: in June 2014, 523,000 full-time jobs were lost, but 800,000 part-time jobs were created for a net gain of 288,000 “jobs.” Progress? Hardly!

For a Chart comparing other “Bogus versus Real” Statistics, see Note 2 below.

As well, confirming the foregoing

“…We learned this week that the net worth of the median household in the U.S. was 43 percent lower in 2013 than it was in 2008. This is remarkable but not surprising. Think about that. Net worth has declined by almost half. Yet if you listen to pundits and the Central Planner economic reports, including those from the Fed, they would have you believe everything is chugging along nicely. Bullbleep. 1 st quarter U.S. GDP was negative. It could be revised lower soon. If we see the second quarter also negative, then by the Central Planners’ own admission, the U.S. would officially be in a recession. Weather related? That dog don’t hunt.”

“Housing is at a freeze, construction is at a standstill. Down payment requirements are ridiculously high…. This is a bad situation. It will act like a black hole, eventually sucking/contracting our economy so fast and deep that the Fed can print all the cash it wants to and hand it to Wall Street and it will not have a meaningful effect on reversing the economy. Five trillion was just printed since 2008 and handed to Wall Street and most of it didn’t get into the hands of the general public. Only a few benefited. It caused a ton of inflation which is not reported in the CPI numbers. Food, medical and housing inflation. Automobile price inflation.

“About every mistake that can be made by the Central Planners is now underway….”

Robert McHugh, Ph. D, 06/27/2014

The Consequences of the foregoing Realities and Trends for the Economy, Key Equities Sectors and $US are Grim. But to comprehend the likely extent of those consequences and for Indications about how to surmount them and to Profit and Protect Wealth, consider the following overview of the International Fiat Currency System through an analysis of the prospects for Gold, Silver and the U.S. Dollar;

Mark Thornton: “…I have been studying this issue ever since. The only thing that has really surprised me about this is that it has taken so long to get to this place in time and by this place, I mean a world in which fiat money is the sole circulating means of exchange and where central banks are engaged in a world currency war, trying to manipulate the value of their currencies downward in a simultaneous battle across the globe. But in particular the United States, the European Central Bank, Japan, and China and then of course many other countries engaged in the war in a defensive status where countries like Switzerland and Norway are pumping up their money supplies and engaged in quantitative easing in order to stabilize the exchange value of their currency.

“So here in the United States, the ramifications of that are fairly easy to see that the Federal Reserve has manipulated markets to an extreme and to a level that I never thought they were going to be willing to go to. But they’ve manipulated stock markets and bond markets have created bubbles throughout the economy in the US in terms of, of course, the stock market reaching all-time high levels, bond markets reaching all-time high levels, junk bond yields down to historically low levels, rising real estate prices, rising art prices.  

“It’s truly remarkable to the extent that they’ve been able to engineer this. They’ve taken so many unprecedented measures. I really never thought that central bankers would go to this extreme but they’ve done it. So right now, what we’re looking at is a worldwide currency war. We’re looking at real estate housing bubbles all around the planet, whether it’s Canada, in Asia, in Manhattan, in Washington DC….

“…eerie correlation of the building of record setting skyscrapers and world economic crises.

David Morgan: “The way I see it, all debts are either paid, defaulted upon, or partially paid off. But at some point in time, there is a reconciliation of the monetary system.

You’re either going to default outright saying that we cannot pay back the debt or you’re going to default on a currency, which means that you’re going to continue to print money until the currency becomes worth less, worth less, and then it’s worthless.

“Can we default outright? Can we default via currency default, or do we have a combination? What are your thoughts?

MT: “Well, David, it’s a very good question and it’s a very, very important question. As you say, all debts are ultimately paid. The question is, “By whom?” Is it going to be the borrower or is it going to be some other party that ends up footing the bill for those debts?

“The governments of the world have built up huge national debts and obligations going forward that are unsustainable and that in my view cannot be paid off in a rational way which is using part of your revenues to pay off or pay down those debts….  

“So the more likely, the most likely alternative and one that looks increasingly obvious to me is that they will continue to use the printing press. They can pull back at any time but the pain, the political pain and the economic pain in the short run is so difficult for them to accept, that it’s likely that they’re going to go down the path of printing up ever-increasing quantities of money, engaging in quantitative easing and so forth….

“In my estimation, it’s a very dangerous situation. I don’t think the world has ever been in a more dangerous economic situation than it is today….”

“Gold, Silver, and the Future of the Dollar,” Interview with Mark Thornton by David Morgan at The Morgan Report, 07/26/2014.

One Intensyfing Consequence, which Deepcaster has repeatedly Documented, is Monetary Hyperinflation which is now transmogrifying into Price Hyperinflation. The U.S.A. is already Threshold Hyperinflationary with Real U.S. CPI at 9.8%, per Shadowstats.com.

Regarding moving into Full Blown Price Hyperinflation, the Salient Issue is Timing. Therefore our Major Focus is keeping our Subscribers updated re Forecasts for Timing in light of the foregoing Realities, Forces and Trends. Monitoring a Variety of Interventional, Fundamental and Technical Signals has already facilitated Significant Profitable Positions (See Note 1).

Regarding Potential Triggers for $US and Equities Takedowns consider the latest Distorted U.S. GDP Report.

We along with the Honest and Brilliant Economist, John Williams, (Shadowstats.com) expected the July 30 GDP Report to show weaker-than-expected, but nonetheless positive, GDP Growth. Instead, courtesy of the Bogus Numbers Manufacturers, it showed a stronger than expected Number. Equities and the $US should have taken a hit but they did not, until the day after. Perhaps the Release of the September 26 2 nd Quarter GDP Report Revisions – which should, if honest, show an outright U.S. GDP contraction – will at least approach honest reporting.

If Honesty, rather than Political Numbers, prevail that would be an acknowledgement that the USA has been and is still in a Recession (defined as 2 successive Quarters of GDP Contraction).

Other Numbers, for example, the recent drop in Durable Goods orders, and weakening Employment Picture actually reflect the Recessionary Reality.

Couple that will the recent EIA Report showing that Stockpiles of WTI Crude at the Delivery Point in Cushing, Oklahoma are at the lowest level since 2008! (See below.)

This means the Economy (and Equities Market) is likely to get little or no relief from high Crude Prices for the foreseeable future!

Yet the U.S. Market is still Trending up (but just barely after the late July Takedown) while Major Eurozone Markets are trending down.

But the Global Dow has thus far this year maintained its uptrend. Yet these Uptrends are un confirmed by several indicators, including the Transports, down significantly in the last week of July.

In some week soon, the Realities of the Real Economy will overcome the Spin and Blackouts, and the Significant Consequences will be felt in many Key Sectors, as we have and will continue to forecast.

In sum, To Surmount Distortions and News Blackouts Threatening Investments, look to Independent Information Sources such as Deepcaster and those mentioned here.

Best Regards,

Deepcaster August 1, 2014

Note 1: Our attention to Key Timing Signals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in the last six months in our Speculative and Fortress Assets Portfolios*:

  • 65% Profit on Energy Storage & Management Company on July 15, 2014 after just 342 days (i.e., about 70% Annualized)
  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)
  • 75% Profit on Equity Index Call on May 27, 2014 after 21 days (i.e., about 1305% Annualized.)
  • 30% Profit on Equity Index Call on May 13, 2014 after 34 days (i.e., about 320% Annualized)
  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)
  • 100% Profit on Crude Oil Call on February 10, 2014 after 27 days (i.e., about 1400% Annualized)
  • 30% Profit on Equity Index Put on February 5, 2014 after 8 days (i.e., about 1440% Annualized)
  • 55% Profit on Water Management Company on January 15, 2014 after 406 days (i.e., about 50% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.

Note 2: *Shadowstats.com calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported July 22, 2014
2.07%     /    9.81%

U.S. Unemployment reported July 3, 2014
6.1%     /     23.1%

U.S. GDP Annual Growth/Decline reported July 30, 2014
2.43%        /     -1.66%

U.S. M3 reported July 21, 2014 (Month of June, Y.O.Y.)
No Official Report     /   4.49% (i.e, total M3 Now at $15.910 Trillion!)


 

<b>Profit, Protection, Despite Cartel Intervention – July, 2014 Letter</b>

“Bankers’ parasitic behavior, the result of a cultural phase transition, is entirely characteristic of a society nearing collapse. Wealth is no longer created; it is taken from others. Parasitic behavior is not confined to bankers; it also infects high government officials, corporate executives and the elite societal stratum….”

Jim Rickards, The Death of Money, June 2014

A Major Goal of the intensifying Mega-Bank Markets Interventions is arguably continued Mega-Bank Profits from (aka Parasitism on) the Economies which Support them. A Factual Overview is essential to understand this phenomenon and to Profit and Protect.

Seriously-Flawed Headline Jobs Growth and Unemployment Reporting Miss Underlying Reality by a Wide Margin. May 2014 headline jobs growth of 217,000 and headline unemployment at 6.3% both were close to market expectations, but they were far removed from common experience and underlying reality….

“With broad unemployment topping 23% and with monthly payroll-employment reporting currently overstating jobs growth by a couple of hundred thousand jobs, the economy never recovered from its plunge into 2009. It also is not about to recover, but instead it is turning down anew, as other discussed in 2014 Hyperinflation Report-Great Economic Tumble – Second Installment….

“…Headline employment reporting currently overstates monthly jobs growth by at least 200,000…”

“Monthly Payroll Gains Overstated by 200,000-Plus Jobs,” Commentary Number 633, John Williams, Shadowstats.com, 06/06/2014

In order to Profit and Protect despite Cartel (Note 1) Interventions, it is first important to understand that Official Statistics and News Reports in Major Countries are often Bogus.

Considering the U.S., for example, Real Unemployment (June, 2014) is 23.2% and Real Inflation is 9.86% per Shadowstats.com which calculates the statistics the way they were calculated decades ago before the numbers became so politicized. (See the section “Indirect Manipulation” below)

And the Economy is not recovering.

Just as many official Statistics are Not Accurate, Inaccurate often also are Mainstream Media (MSM) Reporting of Major Financial and Economic Events.

For example, as former OMB Director David Stockman points out, The Fed’s 2008 Bailout Actions via TARP et al were basically a multi-hundred Billion Wealth Transfer from Savers and Taxpayers to the Mega Banks and other Financial Institutions. But the Mainstream Media certainly did not present it that way. Instead, they propagated the fiction that the Bailouts were necessary to “save the Financial System.”

“Then, when the Fed’s fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the threat of a Great Depression 2.0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history….

“Because they stopped it in its tracks after the AIG bailout and then all the alphabet soup of different lines that the Fed threw out, and then the enactment of TARP, the last two investment banks standing were rescued, Goldman and Morgan [Stanley], and they should not have been. As a result of being rescued and having the cleansing liquidation of rotten balance sheets stopped, within a few weeks and certainly months they were back to the same old games, such that Goldman Sachs got $10 billion dollars (from The Fed – ed.) for the fiscal year that started three months later after that check went out, which was October 2008. For the fiscal 2009 year, Goldman Sachs generated what I call a $29 billion surplus – $13 billion of net income after tax, and on top of that $16 billion of salaries and bonuses, 95% of it which was bonuses.

“Therefore, the idea that they were on death’s door does not stack up. Even if they had been, it would not make any difference to the health of the financial system.

“The banks quickly worked out their solvency issues because the Fed basically took it out of the hides of Main Street savers and depositors throughout America….

“Well, once you basically unplug the pricing mechanism of a capital market and make it entirely an administered rate by the Fed, you are going to cause all kinds of deformations as I call them, or mal-investments as some of the Austrians used to call them, that basically pollutes and corrupts the system. Look at the deposit rate right now, it is 50 basis points, maybe 40, for six months. As a result of that, probably $400-500 billion a year is being transferred as a fiscal maneuver by the Fed from savers to the banks. They are collecting the spread, they’ve then booked the profits, they’ve rebuilt their book net worth, and they paid back the TARP basically out of what was thieved from the savers of America.”

David Stockman, Frmr Head, OMB & Member, House of Representatives, (1977-81) The Great Deformation: The Corruption of Capitalism in America, 2013

The private-for-profit Fed’s Ongoing Intervention in the Markets on behalf of their owners/shareholders, the Mega-Banks, is an old and ongoing story. Unfortunately, it is having several ongoing and worsening Negative Consequences (including those Stockman points out) on Investors, Retirees and Main Street in general.

Not so well publicized is The Fed/Mega Banks’ ongoing interventions to Suppress the Prices of Gold and Silver (and boost the $US) because Gold and Silver are the Legitimate Competitor to the Fed’s (and other Central Banks) Fiat Currency(ies) and Treasury Securities.

And recently, former Asst. Secretary of the U.S. Treasury, Paul Craig Roberts, has exposed another Federal Reserve activity to disguise their continuing manipulation. Indeed, pointing out, many Central Banks actions are Covert. For example, The Fed is not really Tapering in 2013-2014:

“Is the Fed ‘tapering’? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.

“From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.

“Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 percent of Belgium GDP?

“No, Belgium’s trade and current accounts are in deficit.

“Did Belgium’s central bank print $141.2 billion worth of euros in order to make the purchase?

“No, Belgium is a member of the euro system, and its central bank cannot increase the money supply.

“So where did the $141.2 billion come from?

“There is only one source. The money came from the US Federal Reserve, and the purchase was laundered through Belgium in order to hide the fact that actual Federal Reserve bond purchases during November 2013 through January 2014 were $112 billion per month….

“Why did the Federal Reserve have to purchase so many bonds above the announced amounts and why did the Fed have to launder and hide the purchase?

“Some country or countries, unknown at this time, for reasons we do not know dumped $104 billion in Treasuries in one week….

“The Fed realized that its policy of Quantitative Easing initiated in order to support the balance sheets of ‘banks too big to fail’ and to lower the Treasury’s borrowing cost was putting pressure on the US dollar’s value. Tapering was a way of reassuring holders of dollars and dollar-denominated financial instruments that the Fed was going to reduce and eventually end the printing of new dollars with which to support financial markets. The image of foreign governments bailing out of Treasuries could unsettle the markets that the Fed was attempting to sooth by tapering….

Washington’s power ultimately rests on the dollar as world reserve currency. …

If the world loses confidence in the dollar, the cost of living in the US would rise sharply as the dollar drops in value. Economic hardship and poverty would worsen. Political instability would rise.

If the dollar lost substantial value, the dollar would lose its reserve currency status. Washington would not be able to issue new debt or new dollars in order to pay its bills….”

“Fed Disguising QE by laundering it through Belgium,” Paul Craig Roberts, paulcraigroberts.org, 05/12/2014

Mega-Bank Market Manipulation extends to Boosting Prices (e.g., recently in Equities Markets) and Price Suppression (as for years in Gold and Silver Markets).

Even the August Financial Times of London has recently run a set of Articles revealing the Central Banks’ “Burgeoning Market Manipulation Support” which the website, Naked Capitalism, accurately summarizes as “Mission Leap” at The Fed. The Central Bank is moving unabashedly into price-setting, and stealth, or formally backstopping, of more and more Markets. — Do we have a move toward Marxist Central Planning here?

These Interventions provide a Challenge to Investors, and a Threat to their Wealth, but also Great Opportunities to Profit and Protect Wealth provided one understands and tracks them, as we explain here.

The Gold Antitrust Action Committee has done a remarkable job in Exposing this price suppression in Gold and Silver Markets.

“Western central banks conceal their gold loans and swaps because information about them is ‘highly market-sensitive and accountability about them would hinder secret currency market interventions by central banks, according to a confidential report by the International Monetary Fund obtained this week by GATA. …

“This is, the explicit but secret policy of Western central banking toward gold is to deceive and manipulate markets, as GATA long has complained. …

Secret IMF report: Hide gold loans and swaps for market manipulation,” The GATA Dispatch, Gold Anti-Trust Action Committee, 12/11/2012

Gold and Silver are the Metallic Canaries which, absent Price Suppression, would signal many Economic Negatives, including the inflationary effect of The Fed’s and other Central Banks QE. The Fed et al have become increasingly desperate to conceal these Hidden Realities as the Cartel’s (Note 1) dramatic April, 2013 Takedown shows.

“[O]n Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale.  …  

“… with naked shorts, no physical metal is actually sold…

“Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday.

“Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money?

“What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers lost up to $73 dollars 16 million times, or $1,168,000,000.

“Who can afford to lose that kind of money? Only a central bank that can print it.”

“Assault on Gold Update,” Paul Craig Roberts, Frmr Asst Treasury Sec’y Reagan Administration, PaulCraigRoberts.org

Roberts also explains one Major Reason The Fed is short selling bullion .

“The fact that the Federal Reserve is short selling bullion means that there is something desperate going on. I assume it is related to the USDollar. If the dollar drops sharply in exchange value, the Fed cannot control the interest rate and the bond price, and so all of the bubbles would blow up. All of the recent reports of countries moving away from the dollar to settle their international payments have most likely caused a great many countries to look at getting out of dollars. We not only have the BRICs moving away from the use of the dollar, but also China, Japan, and all of the East Asians. Recently we have even seen reports out of Australia that they are going to deal directly with China in their own currency. So this drop in demand for dollars when the Fed is creating one trillion new dollars every year means the exchange value of the US dollar is untenable .” (Emphasis added –ed.)

Dr. Paul Craig Roberts, quoted in “Global Money War Report,” via Jim Willie, goldenjackass.com, 04/21/2013

This Ongoing Suppression of Gold and Silver Prices tends to legitimize and bolster the Ostensible Value of Major Nations’ Treasury Securities and Fiat Currencies as stores and measure of value vis-à-vis Gold and Silver.

Remarkably, The BIS, The Central Bankers’ Bank, advertised in June, 2008 that one of its “Products” was “Interventions” in the Gold Market, as well as Currencies.

The Price Suppression Scheme is International, involving many Banks as Mr. Rigaudy’s characterization implies.

“Our Products – Forex and Gold Services > Interventions”

The Bank for International Settlements (BIS): An Introduction Jean-François Rigaudy, Head of BIS Treasury, June, 2008

Indeed, the aforementioned recent example of the Cartels Precious Metals Price Takedown shows The Cartel’s (Note 1) increasing desperation and determination to hide the Negative Effects of QE from the Public. But increasing purchases of Gold and Silver by, and Delivery to, China and India make it increasingly hard for The Cartel to maintain its Price Suppression Scheme. Indeed, Deepcaster expects to be able soon to forecast the timing of a Great Launch up of Gold and Silver Prices. Indeed, the recent Launch Up of Gold from the mid-1200s to $1320ish as we write show the Great Launch Up is Impending.

Further, it is essential to review several facets of, and Key Points in the History of and current record of Manipulation which are crucial to understand the variety of Effects, and how to Profit and Protect from them (and see e.g., Notes below). Consider…

Indeed, there are several Negative consequences of this Mega-Bank Cartel Market Manipulation for Investor Citizens around the World.

“We have had a Fed engineered serial bubble, that has created the appearance of wealth, that has caused people to consume beyond their means through borrowing, and that has flushed the income and wealth of our society up to the top, as a result of the Fed turning the financial markets into a casino. These are pure casinos, they are not capital markets, they are not adding to the productive capacity of our economy, they simply are a bunch of robots trading with each other by the millisecond as a result of the Fed giving them zero cost overnight money, and giving them all kinds of hand signals on what to front-run.

“The Fed is destroying prosperity by funding demand that we can't support with earnings and production, causing massive current accounts deficits and the flow of funds overseas and the build up in China, OPEC and Korea of massive dollar reserves which is a totally unsustainable, unsupportable system, and we are coming near the edge of where that can continue to remain stable.”

Stockman, December, 2010

Among the Mega-Banks holding huge Precious Metals and other Derivatives Positions are familiar names (JPM Chase held a Derivative Portfolio of some $70 Trillion Notional value in 2010, for example).

“This report (Q1 2010 Bank Derivatives report – ed.) contains more evidence that a flood of paper gold and silver instruments are being used to divert investor capital away from the purchase of the actual physical metals in order to suppress prices…

“Two bullion banks, JPM and HSBC, continue to dominate the precious metals derivatives market with positions that are outrageously oversized compared to the underlying metals markets…”

“Manipulative Gold & Silver Derivative Positions Continue to Grow!” Adrian Douglas, Marketforceanalysis.com, 6/26/10

Other Negative Consequences of Massive Fed and other Mega-Bank QE (Money “Printing” and Credit Facilitation) were presciently identified by Bob Chapman (R.I.P.) and Warren Buffet.

“Banana Ben, like his equally pernicious predecessor, Easy Al, is trying to paper over declining US living standards by orchestrating asset bubbles. Ironically, …

“Soon Ben will be at his Rubicon. He must then either monetize everything or allow short rates to explode higher. This of course would precipitate the dreaded debt deflation that solons have tried to avert.”

Bob Chapman, International Forecaster, 12/18/10

“Charlie and I are of one mind in how we feel about derivatives and the trading activities that go with them: we view them as time bombs, both for the parties that deal in them and the economic system.”

Warren Buffet, February 21, 2003

The Fact that The Fed has not been tapering but rather is increasingly monetizing could reasonably be considered one of The Time Bombs to which Buffet refers. And The Fed and other central Bankers are Massively Monetizing (i.e. printing/digitizing Money and Buying) Sovereign and other Debt, and thus creating Massive Asset Bubbles in the Treasury Bond and Equities Markets as well.

For example, in the December, 2011 to February, 2012 period The ECB injected One trillion Euros’ into the International Economy on top of all the Fed QE and other injections.

And it is this Immense and Ongoing QE which provides Great Profit Opportunities (see Notes 2, 3 and 4) as well as Great Systemic Threats, as we explain.

Thus it is important to understand that it is not just the Precious Metals Markets that are manipulated but Equities, Bond, and other Markets as well. The following is just one example of this phenomenon which has been occurring for years:

“…All told, the Fed has bought $20 billion worth of Treasuries in this fashion, $11.15 of which it purchased last week alone. With this kind of weekly money pumping in place, Bernanke and pals don’t need to continue their “behind the scenes” games (like the options expiration week money pumps).

“Or do they?

“Unbeknownst to most investors, last week Ben Bernanke pumped an additional $11.05 BILLION into the system ON TOP of the $11.15 pumped via the POMOs. In plain terms, the Fed juiced the system by $20+ billion in a single week, bringing its liquidity pumps RIGHT BACK to QE 1 LEVELS.

“If you want to know why stocks have rallied in the last month (September, 2010; Ed.) this is THE reason. The economy isn’t improving and the European Crisis isn’t over. Nothing has improved. All that has happened is the Fed funneled money into the Primary Dealers who ramped the market….

“In plain terms, the market is being juiced higher, plain and simple. There is no fundamental reason for stocks to be rallying.”

“The Only Reason Stocks Have Rallied This Month” Graham Summers, Seeking Alpha, 9/28/10

Indeed, the recent Official Monetary and Financial Institutions Forum (OMFIF) (a Central Bank Advisory group) Report revealed that Central Banks and other public entities owned a Staggering $29 Trillion of Equities. These are held by 400 public sector institutions – including central banks – in 162 countries. (cf. Financial Times, June 2014)

See also “There are no Free Markets anymore,” CPowell, gata.org

See also “Markets Are So Rigged By Policy Makers That I Have No Meaningful Insights To Offer” 2/20/2012, Bob Janjuah, Nomura International Strategist.

Indeed, near the end of the Fall, 2008 Equities Market Crash (i.e. as of December 2008) there were about U.S. $548 Trillion in Notional OTC (i.e. Dark, Not Exchange Traded; thus traded mainly by Mega-Banks) Derivatives still outstanding worldwide.

Yet nearly six years later (as of December 2013 – the latest BIS Report date) that total was at about $710 Trillion, which exceeds the all-time pre-Crash (June, 2008) High of $684 Trillion, according to the Central Banker’s Bank, the Bank for International Settlements ( www.bis.org, path: Statistics>Derivatives>Statistical Tables, Table 19). Consider that the entire world GDP is only about $70 Trillion.

Warren Buffet is surely correct to label Derivatives as “Time Bombs” because the leverage inherent in them is both a threat to Investors and to the financial system.

Clearly, a Conclusion that Systemic Risk (generated by Derivatives Exposure which existed, e.g., at AIG prior to the Crash) has somehow been substantially lessened by the actions of the private for-profit Fed, the European Central Bank, the U.S. Government, or any other source, is wrongheaded.

Given the Massive Size and Impact of the over $700 Trillion in Dark OTC Derivatives, Investing or Trading without addressing the issue of ongoing and prospective Cartel* Market Interventions is a recipe for disaster.

Thus, we offer the following Overview and Update regarding The Interventional Universe to provide a Springboard for the Profits and Protection Strategy which we outline below . And in our Letters and Alerts, we offer Buy Recommendations designed to profit from Forecast Mega-Moves. See Notes 2, 3 and 4 below, for example, re Buy Recommendations and Performances.

[This July, 2014 Article is the Fifteenth in a series of Deepcaster's work originally entitled "Juiced Numbers". It provides an Updated Overview and Summary of Market Intervention and Data Manipulation. It reflects Analysis of key recent Releases from (and actions of) the BIS (Bank for International Settlements – The Central Banker’s Bank), BLS (Bureau of Labor Statistics) and The U.S. Federal Reserve, as well as Highlights of recent Interventions, and updates regarding The Cartel* “End Game.” For the sake of Brevity, we refer to our earlier articles in this series.]

Bailouts and Stimuli have afforded The Cartel a whole panoply of additional tools for Market Intervention which they did not possess even ten years ago. These tools make tracking “The Interventionals” ever more challenging. In sum, this report provides even more evidence of increased Risk of Hyperstagflation and/or Systemic Collapse, and of the beginning of the attempted implementation of The Cartel’s Nefarious “End Game” (see “Saving Investments, Sovereignty, & Freedom from the Cartel ‘End Game’ (1/13/11) in the ‘Articles by Deepcaster’ cache at deepcaster.com).

Moreover, it provides evidence that the private for-profit Fed’s and its allied Mega-Banks’ Policies and Actions are the Primary Cause of the Economic and Financial Crises from which we suffer today.

Therefore, Deepcaster suggests below a Systemic Solution and a Strategy for profiting and protecting from the Interventional Regime’s actions and policies, and coping with its ‘End Game’ Strategy .

The Covert Interventional Context – Overview

Deepcaster is periodically asked to explain, and provide evidence for, our view that a U.S. Federal Reserve-led Cartel* (apparently composed of the U.S. Federal Reserve, Major Central Bankers and key Primary Dealers manipulates a wide variety of markets. [Apparently one “Operational Vehicle” through which The Cartel works is called “The President’s Working Group on Financial Markets” established by Congress after the 1987 crash, and which is often informally and widely referred to as “The Plunge Protection Team” or PPT.]

Essential to maximizing profits and to avoiding losses is to recognize that the Fed-led Cartel (Note 1) manages two complementary Interventional Regimes – one quite public, and the other dark one, at least as powerful, covert. (A glimpse into this Covert Regime was afforded via the Partial Audit mandated by the Dodd-Frank Bill.) Thus, a critical key to profit and loss is tracking the “Dark Interventionals” (which often leave “Tracks” so to speak) as best one can, as well as the public ones.

Moreover, whether an Intervention is Overt or Covert is often a matter of degree. Overt Intervention often has a Covert aspect (e.g. how was that TARP Bailout Money used and who received it?), and Covert ones are often difficult to detect, but nonetheless can often be tracked using publicly available information. Consider for example, the Graham Summers’ and Paul Craig Roberts’ Exposés of Covert Interventions above.

It is important to note also that by “Cartel Intervention” we do not (usually) mean that the Cartel totally controls prices in any particular market, at all times. Various markets are affected in varying degrees, at varying times, by Cartel manipulation attempts.

In markets such as the (relatively) Small Cap markets for Gold and Silver Bullion and especially Mining Stocks, Cartel manipulation attempts can have much more impact and are, at times, and for certain time periods, tantamount to control.

COVERT DIRECT INTERVENTION

Covert Direct Intervention to manipulate a variety of markets appears to be accomplished primarily via four categories of vehicles:

  • “Repo” Injections from The Fed (TOMO’s & POMO’s though POMO injections have become more widely reported recently)
  • Over The Counter (OTC) Derivatives (reported at www.bis.org, see above)
  • “Bailout” monies and Authorizations which Congress unwisely gave the Fed without requiring full disclosure or Oversight and, in particular, the TARP and TSLF (Term Securities Lending Facility) injections by The Fed, QE1, QE2, QE3 and the ongoing QE4, and other Vehicles such as the Primary Dealer Credit Facility (PDCF)
  • Debt Monetization and Credit Facilitation by The Fed and other Banks such as the ECB and its $1 Trillion Dec. 2011, February 2012 LTRO Operation, or The Fed’s covertly Purchasing U.S. Treasuries through Belgium in 2013-2014 (see above).

[For fuller Explanation, see Deepcaster’s Article “PROFIT & PROTECTION FROM CARTEL INTERVENTION -- Including New Interventional Tools Description “ (12/23/09) in the ‘Articles by Deepcaster’ Cache at www.deepcaster.com and for details regarding Cartel use of Repos, Derivatives, Bailout Monies and other Vehicles see the July, 2009 Letter.]

The Challenge: Determining the Impact of The Interventionals

The challenge for Investors and Forecasters is to determine where (i.e. in what Sector/s) and how (immediately, in increments, etc.) the Repo-backed funds and/or TARP/TSLF/Bailout/QE/LTRO Funds and/or OTC Derivatives (“Interventional Funds”) etc. will be employed. Deepcaster and those very few others, who monitor the Interventional Funding (and related Cartel and Allies’ actions) to the extent that is feasible, make educated Forecasts of where and how such funds are likely to be used based on patterns, tendencies, and judgments virtually all of which can be gleaned or inferred from publically reported information. But no outsider can know for sure.

Those who doubt whether the Cartel has the capacity to manipulate the markets (and especially the larger markets like the multi-trillion dollar currency and bond markets) are invited to inform themselves about the U.S. Trillions plus of OTC Derivatives (see www.bis.org Path: Statistics>Derivatives) at Fed Primary Dealer J.P. Morgan Chase, or those at Fed Primary Dealer Goldman Sachs and Fed Primary Dealer Citibank.

Indeed both Opportunities for and Threats to Investors are generated by Cartel Policies and the Massive OTC Derivatives positions. Consider:

“With Key Mega-Financial Institutions around the World claiming in 2008 that they risked collapse if they were not bailed out, one must ask which ones benefited from the $15 Trillion plus Increase in Gross Market Value of their OTC Derivatives in the six months between June, 2008 and December, 2008 when the Equities Markets were crashing and Investors around the world were losing trillions? A logical Conclusion: Key Central Bankers and Favored Financial Institutions of The Fed-led Cartel*, quite possibly including the shareholders of the private for-profit U.S. Federal Reserve” (cf. BIS Table 19 cited above)”

Deepcaster, May 29, 2009

For further details see our July, 2009, Letter, and 12/23/09 Article at Deepcaster.com, Ibid.

INDIRECT MANIPULATION

Key Statistics continue to be gimmicked by Official Sources in Major Countries including especially the USA and China much to the detriment of American Citizens and Investors Worldwide. One result of this is that the extent to which Mega-Bank Policies result in the Confiscation or Devaluation of Investor Wealth, is hidden.

Investors and citizens-at-large are misled by Official Statistics which have been gimmicked in the USA, as shadowstats.com demonstrates. All of the following Real Numbers for the USA are calculated by shadowstats.com, which calculates them according to traditional methods used in the 1980s, and early 1990s, before The Political Adjustments currently being utilized began in earnest.

As the Real Numbers mentioned below demonstrate, the USA’s ongoing economic and financial crisis is not merely a “normal” business cycle Recession, but an ongoing System-Threatening Crisis. Indeed, we are on the Threshold of a Hyperinflationary Depression. (See below)

Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)

Annual U.S. Consumer Price Inflation reported June 17, 2014
2.13%     /    9.86%

U.S. Unemployment reported June 6, 2014
6.3%     /     23.2%

U.S. GDP Annual Growth/Decline reported May 29, 2014
2.05%        /     -1.85% (i.e., Negative 1.85%)

U.S. M3 reported June 16, 2014 (Month of February, Y.O.Y.)
No Official Report     /   4.57% (i.e, total M3 Now at $15.870 Trillion!)

Knowing the Real Numbers facilitated Deepcaster’s and others Investment Recommendations and his making five short (and subsequently quite profitable) recommendations to subscribers just before the 2008 Financial Crisis.

To understand the motives and Goals for Fed and Cartel Policies and actions consider:

A Brief Anatomy of the “U.S.” Federal Reserve

Indeed, the Profit Motive lies behind Fed Actions. Even the most causal student of Economic History knows that the United States’ Federal Reserve system, or “The Fed” as it is called, is not a U.S. government owned or controlled entity.

Various international private banks, several of which are headquartered in Europe, own “shares” in the “United States” Fed. Moreover, this “United States” Fed leads a Cartel of Central and Private Banks* who collectively intervene in a wide variety of markets, as Deepcaster demonstrates here. All this is obviously quite financially incestuous, and, to the extent The Fed regulates these Banks, it is a clear Conflict of Interest.

These International Bankers, acting through their “U.S.” Fed, profit both by creating money out of “thin air” and by collecting “interest” from U.S. Taxpayers on the Treasury Securities it has bought with U.S. Dollars (Federal Reserve Notes) it has created out of thin air. The Dean of the Newsletter Writers, Richard Russell, eloquently describes all this:

“I still can’t get over the whole Federal Reserve racket…

“The damnable result is that the Fed effectively controls the U.S. money supply. The Fed is …not even a branch of the U.S. government. The Fed is not mentioned in the Constitution of the United States. No Constitutional amendment was ever created or voted on to accept the Fed. The Constitutionality of the Federal Reserve has never come before the Supreme Court. The Fed is a private bank that keeps the U.S. forever in debt - - or I should say in increasing debt along with ever rising interest payments.”

Richard Russell, “Richards Remarks,” dowtheoryletters.com, 3/27/2007

[Historical note: recall that President John F. Kennedy was unhappy with Fed policy and therefore caused U.S. Notes to be printed by the U.S. Treasury as Constitutionally Authorized and as a substitute for Federal Reserve Notes. The issuance of these U.S. Notes ceased shortly after President Kennedy's Assassination a few months later.]

The one conclusion that one can make from the foregoing is that the failure to take account of the power, force and pervasiveness of Fed-led Cartel Manipulations (i.e. The Interventionals) is an invitation to financial and investment disaster (see 12/23/09 Article, Ibid. See also Note 4 regarding Deepcaster’s attention to Key Timing Signals and Interventionals and accurate statistics which has facilitated Recommendations which have performed well in the last eight months ).

The Interventional Regime – Motive, Causes and Consequences

Clearly, The Cartel has created a Financial System subject to ever-greater Systemic Risk. Why?

Harry Schultz, the Eminent Guru of the Financial Newsletter writing fraternity, puts the question in this way when writing about the Financial Crisis –

“What is the reason for this seemingly random monetary mess that multiplies its momentum every day? The answer, in one word, control. The elite/insiders already have control of the financial system, but they wanted more, much more…and it was not random, it was planned.” (emphasis added)

Harry Schultz, HSLetter

Since the cornerstone of The Cartel’s power lies in maintaining the legitimacy of their Fiat Currencies and Treasury Securities, the last thing they want is to have Gold, Silver and Tangible Assets held by investors to increasingly be seen as the Ultimate Stores and Measures of Value rather than their Fiat Currencies and Treasury Securities, in other words, as money. Thus they will continue attempts at Takedowns of Gold and Silver and other Hard Asset prices.

Cautions for Investors and Traders Regarding Interventions

We issue a word of caution to our readers. So long as The Cartel is in a very active interventional mode (e.g. as in taking down the price of Gold and Silver periodically) one should not be lured into thinking that the periodic up spikes in the prices of Gold and Silver necessarily present a "breakout" or a buying opportunity. As a practical matter, technical breakouts are sometimes a lure designed to suck in more "longs" prior to a subsequent deeper Takedown. Consider the parabolic spike up in both Gold and Silver prices in the hours before the December 13, 2012 Takedown began.

However, the Cartel’s ability to sustain Takedowns has been considerably weakened recently largely because of increasing demand for delivery of Physical Metal (as opposed to “paper” e.g. Certain ETF shares) – See Below.

“THE DIVERGENCE BETWEEN THE PAPER GOLD PRICE AND THE METAL GOLD PRICE IS GROWING, CURRENTLY AT ABOUT 40%. It means the Western Gold market is broken. …

“The signal for an ambush came over a week ago, when ABN Amro defaulted on gold delivery in the Netherlands. They and the rest of the Boyz had no gold bars in inventory. They need it desperately, but the price drop will not win them much gold. It will win them a force majeure from which they will attempt to wiggle out legally from a mountain of contracts. The coin demand is rising by 80% to 100% per year, again contradicting the fallen price. Look forward to the day when COMEX shuts down. The day will come. However and urgent warnings. When the COMEX shuts down, the event will occur at the same time as several big financial firms going bust. They will use the occasion to steal private citizen money in private accounts. If observers want the COMEX to be busted, then they must hope for a paper versus metal price divergence even larger, like 100%. Therefore, the Jackass is encouraged by the smashdown, and increasingly annoyed by the childlike whining within the gold community, which really does not comprehend the gold market at all. They fail to comprehend that the COMEX price is not the true valid defensible gold price which is governed by equilibrium between Supply & Demand.”

“Gold and Currency Report”, Jim Willie, 04/21/2013

Indeed, the London “Silver Fix” is scheduled to terminate in August 2014. Nonetheless, it is essential to study the Fundamentals and Technicals even though the Interventionals can temporarily override the Fundamentals and Technicals. One must study the Fundamentals not only for all the usual reasons but also because Fundamentals somewhat constrain the timing and effectiveness of Interventions by The Cartel.

Similarly, one should study the Technicals for all the usual reasons and, in addition, because it is in The Cartel’s interest to make its actions seem technically plausible in order to continue to “run mainly under the radar.” It is not in The Cartel’s interest to make its Interventions any more visible than they already are. Indeed, there is powerful evidence that The Cartel often uses and/or helps create technical patterns (aka “Painting the Charts”) which lure certain investors (such as hard asset investors) into getting “off sides” before Cartel actions such as taking down the price of Gold or Silver.

Nonetheless, we reiterate that increased purchases of Physical, especially by India and China, make it increasingly difficult for The Cartel to implement or sustain Takedowns.

Interest Rate Manipulation & The Bond Market

Specific Interventions

For a full discussion of the following Interventions and Tools, see Deepcaster’s July, 2008, December, 2008, July, 2009, December, 2009, July, 2010, December, 2011, and 2012 and 2013 Letters & Alerts & Articles posted in the ‘Latest Letters & Archives,’ ‘Alerts Cache’ and ‘Articles by Deepcaster’ Archives at deepcaster.com:

  • The Spring 2006 Interventional Takedown
  • The August through October, 2006 Interventions
  • The August and September, 2007 Market Interventions

The March 2008 Crisis-Induced Takedown of Gold & Silver

  • A New Interventional Tool: Fed Intervention in the Equity Markets Via the Primary Dealer Credit Facility
  • Equities Markets Boosting: March, 2009 – June, 2010
  • QE 1, 2, & 3, Operation Twist, & LTRO Infusions 2011 & 2012
  • December, 2012 Takedown
  • April, 2013 Takedown
  • October, 2013 Takedown
  • May, 2014 Takedown

Thus, the net-result of Fed/Treasury actions have been to increase long-term Systemic Risk , Hyperinflation Risk and consequent Taxpayer Liability rather than diminish it.

Increased Systemic Risk and “Earned” Liquidity versus “Borrowed” Liquidity

A key point is that the Fed/Treasury Actions of 2008, 2009, 2010, 2011, 2012, 2013 and 2014 are not long-term fixes. One reason they are not long-term fixes is that they “fix” a liquidity problem in a way that allows insolvent or nearly insolvent financial institutions to have liquidity that would allow certain normal but often deleterious operations (i.e. the continuation of even more lending based on borrowed liquidity) to continue temporarily. Deepcaster has previously demonstrated the perils inherent in an economy increasingly relying on “borrowed liquidity” (i.e. debt) as a result of Fed policies rather than the traditional “earned liquidity” (i.e. savings) – see Deepcaster’s January, 2008 Letter and former Deutsche Bank Chief, Kurt Richebacher’s (RIP) writings.

Thus, the “borrowed liquidity cure” is worse than the disease. At about 100% of GDP, the USA’s debt cannot ever reasonably be repaid nor the debt of other countries (e.g., Japan where debt is 220% of GDP, and several Eurozone countries where debt exceeds 100% of GDP). Thus, what The Fed and ECB have given us is a flawed Financial Band-Aid, and only a Taxpayer guaranteed Band-Aid for the Mega-Bankers (and profit for The Fed and its Shareholders which make more money as borrowing increases) at that. The FASB is complicit in this Deception because it continues to allow Mark to Myth rather than requiring Mark to Market accounting for Toxic Assets.

A Systemic Solution

Allowing the International Economy to be based on a Fiat Reserve Currency managed by a Private For-Profit Central Bank, whether it be The Fed or European Central Bank or Bank of Japan, is unsustainable. No Fiat Currency Regime in history has ever survived indefinitely. Many have ended in Disaster. Indeed, N.B., it appears the Chinese are preparing a Gold-backed Yuan to be the World’s next Reserve Currency. The Chinese have entered into Bilateral Currency Swap Deals with Russia, Australia and others, which development increasingly threatens the U.S. Dollar status as World Reserve Currency.

So The Systemic Solution is apparent. We outline it in our December 2012 Update. Suffice it to say that one Element of The Solution involves taking Legendary investor Jim Rogers’ Advice recently neatly expressed as The Solution to the problem of The Fed: “The Fed should be abolished and Chairman Bernanke should resign.” (March, 2008, CNBC)

An excellent idea. Indeed, The Fed is a private for-profit group of International Banks, whose main motivation is in providing profits for, and protecting the interests of, The International Bankers Cartel and favored institutions and parasites, not in serving the needs of U.S. citizens (or most citizens of other countries for that matter). Former Rep. Ron Paul and the nonprofit group Carrying Capacity Network ( www.carryingcapacity.org) are among those advocating Auditing and Abolishing The Fed. And the Ongoing Agony of Eurozone Citizens, could, in the long run, be halted by returning to National Currencies backed by Gold and Silver.

The Cartel End Game

Thus assuming The Cartel leaders know what they are doing what is their ‘End Game’? For details regarding The Cartel ‘End Game’ see “Investor Advantage: Revisiting the Cartel's 'End Game'” (3/6/09) and “Gold-Freedom versus The Cartel ‘End-Game’ & A Strategy for Surmounting It (09/23/10)” in the ‘Articles by Deepcaster’ cache at deepcaster.com.

But it must be said that The Mega-Bank Cartel leaders know that Fed policy is destroying the $US as World Reserve Currency. Its collapse will surely bring a Market Collapse and much Social Upheaval. Regarding this Scenario, both Deepcaster and Jim Rickards, writing in his new Book, The Death of Money: The Coming Collapse of the International Monetary System, agree.

The question is, what Currency will supplant the $US. Rickards argues (based on a 2011 IMF paper, “Embracing International Monetary Stability – a Role for the SDR”), that IMF SDRs will be the World’s Reserve Currency. Rickards thinks this will happen, but the Evidence indicates it is only one of several possible Scenarios, and not the most likely one.

But we both agree that if IMF SDRs are to be the New Reserve Currency that will allow the current Mega-Banker Power Elites to maintain Control. Rickards describes the Motivation and Consequences of Current Central Banks Policy.

“Bankers’ parasitic behavior, the result of a cultural phase transition, is entirely characteristic of a society nearing collapse. Wealth is no longer created; it is taken from others. Parasitic behavior is not confined to bankers; it also infects high government officials, corporate executives and the elite societal stratum….

“Central banks, especially the U. S. Federal Reserve, are repeating the blunders of Lenin, Stalin and Mao without the violence, although they violence may yet come through income inequality, social unrest and a confrontation with state power….

“The climbers and skiers at risk can never know when an avalanche will start of which snowflake will cause it. But they do know that certain conditions are more dangerous than others and that precautions are possible…One cannot predict avalanches, but one can try to stay safe.”

Jim Rickards, Ibid., June 2014

A Strategy for Investors & Traders

Fortunately, the following considerations and guidelines help enable Investors to Profit and Protect in spite of Cartel Intervention, and particularly regarding Interventions in the Precious Metals Markets.

  1. Although The Cartel is still Potent, it is significantly less potent than it was even a few months ago due primarily to:
    • The years-long efforts of the leaders and members of GATA and other organizations and writers in exposing Precious Metals Price Suppression
    • The stunning Allegations that Major Gold Repositories do not have nearly as much Physical Gold (or Silver for that matter) they say they do. See the allegations regarding a major Gold ETF and the London Bullion Market Association in Deepcaster’s April 9, 2010 article (“Climacteric for The Cartel; Opportunity for Investors [04/09/10]” in the ‘Articles by Deepcaster’ Cache at deepcaster.com) and Deepcaster’s April, 2013 Articles and Alerts.
    • Increasing shortages of Physical Gold and especially Silver due mainly to buying by China and India.

These reports are doubtless leading Major Gold and Silver Investors to demand Delivery and possession of Physical Gold – a wise decision. But The Cartel is still the Biggest Player in many markets and, if the timing and market context are propitious, the Biggest Player makes Market Price temporarily (witness the 2/29/12 and 12/13/12 and April, 2013 Takedowns). In addition, The Cartel has the advantage of de facto controlling the structure and regulation of various marketplaces and that is a tremendous advantage; just as the Hunt Brothers years ago discovered much to their dismay and misfortune, when they tried to corner the Silver Market.

Nonetheless, Buying the Dips is an intelligent Strategy at this time.

2. Thus we recommend that Investors follow their lead with a significant portion of the funds allocated to Precious Metals purchases committed to purchasing, and taking Personal Delivery of (no Bank Vaults, please), Physical Gold and Silver.

Indeed, because Physical held in one’s personal possession is so precious, some forms of it trade at as much as a 20% premium to the spot price of “paper” Gold.

But not all forms of Physical are Equal, as it were. Some forms are much more liquid than others, and some are much more susceptible to counterfeiting, as e.g. by Tungsten-lacing.

Deepcaster has recommended Purchase of One Form of Physical Gold (and Silver), that is quite liquid, not easily susceptible to counterfeiting, and commands a considerable premium over the spot price of Paper Gold (and Paper Silver). See also Deepcaster’s Alert for the week ending March 9, 2012 and his December, 2010 Letter “Gold with Income; in the ‘Alerts & Letters Cache’ at www.deepcaster.com. (See Note 1)

3. Do not give Short Shrift to Gold and Silver Miners and other Tangible Assets in sustained and relatively inelastic demand.

But purchasing shares of these should be done with particular care, because, being “paper” (or, usually, electronic entries on some remote server) Miners shares are especially vulnerable to periodic Cartel attacks and Price Takedowns, and have especially suffered such since Gold’s September 2011 Peak.

Thus, they are most profitably accumulated near Interim Lows resulting primarily from Cartel Interventions.

In order to estimate these Interim Lows one needs not only to consider Fundamentals and Technicals, but also Interventionals.

Note: A major premise of The Strategy is that one can certainly remain a Hard Assets Partisan while at the same time insulating oneself to some degree from future Cartel Takedowns. (For an outline of The Strategy, particularly as applied to the Gold and Silver Markets, see December 13, 2012 Article and Regarding Specific Recommendations for Profit and Protection, see Notes 2, 3 and 4.) Certain Other Tangible Assets (such as certain Commodities – see our Recent Recommendations) – should be acquired before the next Market Crash and $US Takedown.

Note, importantly, that Central Banks themselves are increasingly buying Physical Gold (and Equities) now. In November, 2012 the Bank of Korea bought $780 Million (14 tonnes) worth and China has become the World’s largest Producer and Importer. And Central Banks are repatriating Gold held in New York and London Vaults. Note Well! Indeed the prospects for the $US look increasingly poor.

Perhaps A. Migchels’s Forecast and Warning regarding Gold and the $US is correct:

"The Petrodollar is based on the Black Gold standard and it is dying, as is the US Empire. But central banks all over the world are buying Gold like there is no tomorrow. Gold is assaulted by the Fed to maintain Dollar credibility, while the Money Power's international central banks and other insiders are very grateful for a 500-1000 dollar per ounce discount to prepare for the transition. The New World Order cannot collapse the financial markets until they collapse Gold, get our firearms, and get everyone into paper. They are trying to get everyone into the stock market, which will then flash crash."

Real Currencies, Anthony Migchels, April 2013

In sum, in addition to Physical Gold and Silver, Key Tangible Assets (see Deepcaster’s recent Recommendations) are the Keys to Profit and Wealth Protection.

Deepcaster, like Jim Sinclair, believe it likely that Gold will launch into a New Record-Setting Bull Phase this (Northern Hemisphere) Summer. See “30 Reasons the Bear Phase in Gold Ends This Summer,” Sinclair, jsmineset.com, June 2014.

Deepcaster’s word to the wise: Get Physical.

Best regards,

Deepcaster June 26, 2014

Note 1: *We encourage those who doubt the scope and power of Overt and CovertInterventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.

Note 2 : Two Key Sectors are Signaling that they have begun to launch, and another that it has begun to dive, all as we earlier forecast.

In our forecasts we identify these Sectors and the reasons they are launching or swooning.

If you are not already in position it is not too late to get in certain of these.

Enjoy the ride! These moves should last for a while, but not for a long time.

We thus provide Timing Forecasts in Deepcaster’s recent Alert, “Major Moves Signals ; Forecasts: Gold, Silver , U.S. Dollar/Euro, U.S. T-Notes, T- Bonds, & Interest Rates , Equities, Crude Oil,” posted in ‘Alerts Cache’ on Deepcaster.com. And, as our recent profitable Buy Recommendations indicate (see Note 1), profit can be made from our Analyses and Financial and Geopolitical Intelligence.

Note 3: There are Four Fortress Assets most Investors should hold in Today’s environment of increasing Geopolitical Economic, Financial and Market Risk.

And in buying into today’s Buy Reco, you would be obtaining an ownership interest in two of them, neither of which is a Precious Metal.

Perhaps most important in our June Letter published today, we describe Why these two Assets are among the 4 “Must Own” Fortress Assets.

Indeed, all Four Taken Together are the Must-Own “Fortress Assets Quartet.”

And all have Unparalleled Profit and Wealth Protection Potential, regardless of what comes.

Fortress Assets are those which offer considerable Profit Potential and a considerable degree of protection from inflation, hyperinflation or deflation.

To identify this Quartet and to see our Forecasts for what is coming Next in Key Market Sectors, read Deepcaster’s June Letter, “2 Fortress Assets in 1 Buy Reco; Forecasts: U.S. Dollar/Euro, U.S. T-Notes, Equities, Gold & Silver, Crude Oil, T- Bonds, & Interest Rates,” posted in Latest Letter and Archives’ on Deepcaster.com.

Note 4 : RECENT PROFITS TAKEN: Our attention to Key Timing Signals and Interventionals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in the last six months in our Speculative and Fortress Assets Portfolios*:

  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)
  • 75% Profit on Equity Index Call on May 27, 2014 after 21 days (i.e., about 1305% Annualized.)
  • 30% Profit on Equity Index Call on May 13, 2014 after 34 days (i.e., about 320% Annualized)
  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)
  • 100% Profit on Crude Oil Call on February 10, 2014 after 27 days (i.e., about 1400% Annualized)
  • 30% Profit on Equity Index Puts on February 5, 2014 after 8 days (i.e., about 1440% Annualized)
  • 55% Profit on Water Management Company on January 15, 2014 after 406 days (i.e., about 50% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.

 


Who are the good guys? Who are the bad guys?

Posted by: ettienn

Tagged in: Untagged 

ettienn

In today's international drama, the once noble western nations appear to be drawing the line in the sand in the Ukraine.  Here, noble Europe, under the guidance of the U.S. is determined that the Ukraine will be part of the European economic community.   While Russia is being painted by the old cold war brushes of totalitarian communism.

It is difficult to determine who is telling the truth about the events in the Ukraine, however, there seems to be mounting evidence that there is a history in this regions that comes out of the Dark Ages as to the uncivilized history of behavior in that region - a behavior that is playing out today.

I found a documentary on Russian TV (RT) that reveals some truths from the past (check your Wikipedia for veracity) that appear to be representative of the the behavior of the Ukraine Right.  The sad truth here is that, like most of the history of mankind, a small minority of people can hijack a nation and cause dastardly behavior of the part of its 'so called government'. This may well be what is occurring in today's Ukraine.

If you are curious, give a watch: checking the schedule on RT for when it is rebroadcast.  It can be found on the URL below.

Volyn: No statute of limitations

http://rt.com/shows/documentary/


Latest Commentary

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12

Latest Comments

Disclaimer:

BullionBullsCanada.com is not a registered investment advisor - Stock information is for educational purposes ONLY. Bullion Bulls Canada does not make "buy" or "sell" recommendations for any company. Rather, we seek to find and identify Canadian companies who we see as having good growth potential. It is up to individual investors to do their own "due diligence" or to consult with their financial advisor - to determine whether any particular company is a suitable investment for themselves.

Login Form