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Comex Gold Warehouses Filling Up…With Paper

Gold Commentary

Willing or unwilling; we all now dwell in the fantasy-realm previously dubbed “the Wonderland Matrix”. For the small minority who still retain mental awareness; this all-encompassing illusion of propaganda is like a thick fog which blankets reality. However, for the legions of brainwashed drones in our societies, the Wonderland Matrix is reality.

Nowhere is this blanket of fog thicker than in the precious metals sector. Here perversity is a way of life, as the genesis of the Wonderland Matrix began with the fantasy-world constructed here by the propaganda of the Corporate media.

As must inevitably occur with such serial perversion (i.e. consistently reporting the precise opposite of reality), these perverse lies soon begin to contradict each other. We see a glaring example of this by simply viewing the Corporate media’s “perversion (2014 version)” versus its “perversion (2013 version)”.

The insanity of last year began shortly after the Cyprus Steal, when a corrupt Western government rubber-stamped the first “bail in”. This, in turn, opened the floodgates to the unlimited confiscation (i.e. theft) of paper assets by our corrupt governments, as these puppet-leaders mumbled in unison about how this (act of theft) was now a “precedent”.

With this lawless seizure of peoples’ bank accounts being characterized (by puppet-politician and media drone alike) as a “precedent” rather than a crime; this sparked a stampede of panic out of one of the most-fraudulent forms of paper assets: the banksters’ paper-called-gold “funds”.

As every knowledgeable investor in this sector knows; the entire “gold market” itself (i.e. the paper-fraud market operated by the One Bank) is 99% paper and 1% gold. This was blurted out in open testimony to the CFTC by former Goldman Sachs banker, Jeffrey Christian. The exception to this are the bullion banks’ paper-called-gold “funds” which are simply 100% paper.

Thus when vast quantities of this paper was liquidated in the Stampede of ’13, it dragged down the official “gold price” with it. This caused demand for physical bullion (real gold) to spike to historically unprecedented levels. Yet the propagandists of the corporate media characterized this spike in demand to all-time record levels as a “12% drop in demand”.

Why? Because these serial liars totally ignored what was happening in the real gold market, and only reported on the bankers’ paper-called-gold – the 99% fraud which the bankers call “the gold market”. Now flash ahead to 2014.

With demand for (real) gold last year in the (real) world having hit an all-time record, but with the price remaining essentially flat this year, physical demand has cooled in 2014 from those torrid levels – in part due to the artificial suppression of gold demand in India. Meanwhile, holdings in the bankers’ paper-called-gold have recovered somewhat from last year’s unprecedented collapse, primarily due to the bankers being forced to soak-up countless millions of units of these paper-frauds themselves.

But what do we see in the reporting from the Corporate media this year? We see the propagandists ignoring (rising) “demand” in the paper-called-gold market (the 99%), and focusing their reporting exclusively on the (falling) sales in the physical gold market (the 1%).

 

The Old World Order

International Commentary

Regular readers are used to seeing various myths of propaganda debunked within these commentaries. However (until now) one of the most-insidious – and thus most-important – constructs of propaganda has not been addressed: the supposed “New World Order”.

The immediate and obvious point to make here is that readers should/must immediately become deeply suspicious any time we are bombarded with a label which contains the word “new”. Implicit in every such label (by definition) is the concept that “this time it’s different”, because if it wasn’t different it wouldn’t be “new”.

This time it’s different” is a cliché in Western societies. But it’s not revered as an aphorism of wisdom. Rather, it is scorned as the mantra of idiots. This same point was made in a previous commentary which debunked and rejected the ludicrous propaganda euphemism: “The New Normal”. The same analysis applies to both propaganda lies.

Why is the concept that “this time it’s different” (or this time it’s new) universally scorned by the more-intelligent members of our societies? Because such individuals subscribe to older, tried-and-true expressions of human thought:

The more things change, the more they remain the same.

Or, simply:

There is nothing new under the Sun.

Context changes. Principles are immutable. Those who refer to paradigms as being “new” or “different” (in categorical fashion) simply lack the capacity to perceive all the similarities to the previous paradigm(s). There is no “New Normal” in our societies, but we can also reject this particular lie by simply looking at the details of this (false) paradigm, itself.

This time it’s (supposedly) “normal” that unemployment (for the masses) is worse than at any other time in our history. Wages (in real dollars) are now as low as they have ever been in any time in our history. Meanwhile, the debts (among the masses) have never been higher. Poverty has never been as severe or as endemic. We never before had a class of people we now know as “the Working Poor”.

In short, for the vast majority of our citizens (the Little People) life has never been worse. But instead of our (corrupt) governments telling us how they plan on fixing all of these problems – which they created – they pat us on the heads and tell us (via the Corporate media) that now all this is “normal” (i.e. things will now always be like this).

Meanwhile, for the small minority at the very top; we see the precise, mirror opposite. Their incomes have never soared higher at such a dizzying rate. The hoards of wealth which they have amassed are orders of magnitude larger than anything ever before seen in our societies. They control (through their massive stock holdings) a much larger percentage of our Corporations than at any time in history. But the taxes they pay have never been lower.

In short, for the tiny minority at the top we see the opposite extreme: life has never been better. But instead of our (corrupt) governments telling us how they plan on re-balancing the worst wealth-inequality in the history of our societies – which they created – they pat us on the heads and tell us that now this too is “normal” (i.e. things will now always be like this).

As a matter of the most elementary logic; extremes can never be “normal”. As a function of both the laws of mathematics and the dynamics of human behavior; extremes always correct – back towards some more rational equilibrium which can be described as “normal”. The New Normal is not only a complete lie, it is a very silly/obvious lie.

 

How India Evaded The One Bank’s Gold-Embargo

Gold Commentary

By now; regular readers are familiar with another one of the One Bank’s “Wile E. Coyote” operations in the gold market: it’s brute-force ‘attack’ on the gold market of India – the world’s largest (real) gold market. This attack was necessitated when yet another one of the One Bank’s mega-crimes (its first “bail-in”) produced a series of unexpected consequences, for which the banksters were clearly not prepared.

With the Cyprus “bail-in” advertising the fact that (corrupt) Western governments were now prepared to simply confiscate any paper assets (and hand those assets to the criminal Big Banks of the West); this caused a massive stampede out of one of the most-fraudulent forms of paper assets: the One Bank’s own, paper-called-gold “products”.

We know that this exodus out of the Big Bank’s paper-frauds in the gold market was an unintended consequence, as reports of the beginning of this stampede were quickly accompanied by other reports that these tentacles of the One Bank were frantically soaking-up billions of dollars of units in their own, fraudulent, paper-called-gold “bullion-ETF’s”. Rule #1 of any self-respecting Con Artist is that one never “invests” in their own scams. You can’t cheat others when most of the money in the “con” is your own.

Yet, at least at one point, the banksters had soaked-up so much of this fraudulent paper-called-gold, that their holdings exceeded (by dollar value) their own gigantic, illegal, short positions. This prompted the serial-liars of the Corporate media to proclaim that the banksters were now “net long” in the gold market, an absurdity which (sadly) was widely parroted throughout the gold sector, even though the banksters had been buying almost nothing but paper.

Even with the massive (and frantic) buying by the Big Banks of their own, fraudulent “bullion-ETF’s”; total holdings in the largest of those fraud-funds (GLD) fell by more than 40%. If not for the desperation-buying by these tentacles; those gigantic frauds would have completely collapsed. But that was only one of the unintended consequences of the Cyprus Steal.

As knowledgeable readers know (thanks to Jeffrey Christian); the fraudulent “gold market” operated by these Big Banks is only 1% “gold” and 99% paper-called-gold (i.e. paper). Thus the stampede out of that fraudulent paper caused roughly a 30% drop in the already-depressed price of gold. This was nothing less than a “dinner chime” for Pavlov’s Dogs.

Global gold demand exploded to a never-before-seen level, led by imports from the world’s two largest populations: China and India. At one point, those two nations alone were importing gold at an annual rate of approximately 4,000 tonnes per year. This is roughly double the total annual supply from global gold mining (once China’s own domestic production is subtracted).

We know that this was also an unintended/unexpected consequence of the Cyprus Steal, because the One Bank was immediately forced into a desperate, heavy-handed attack on global gold demand. With China being largely immune from the attacks of the banksters (because of its massive war-chest of U.S. dollar holdings), they focused their malice on India.

These serial currency-manipulators immediately launched a savage attack on India’s currency, the rupee – expecting that the subsequent rise in the price of gold (expressed in depreciating rupees) would curb Indian gold-demand on its own. When that attack actually caused India’s gold imports to rise further (as frightened Indians rid themselves of their plunging, paper rupees); the One Bank was forced into even more absurd/draconian measures.

   

‘Silver Fix’ Is Irrelevant To Silver Manipulation

Silver Commentary

Much ado about nothing.” While that cliché wasn’t coined expressly to refer to the abolition of the (so-called) “silver fix”, it very well could have been. What we have here is yet another non-event; more of the banksters’ comedy-theater.

What is the basis of this scorn? Simple. The London Silver Fix is nothing more than what this evil-sounding exercise implies: a “fix” of the price of silver at one point in time. Does this in any way solve our problem with silver manipulation? Of course not.

Our “problem”, as previous commentaries stress again and again is Hostage Markets: a 24/7 invisible ceiling over the silver market (and the gold market), which has been permanently preventing precious metals prices from ever beginning to reflect reality (i.e. market fundamentals). The London Silver Fix accounts for one minute of the day, but has only a minimal, manipulative impact on the other 23:59 of our daily clock.

Hostage Markets are the product of a much more comprehensive system of manipulation, centering on a Master Trading Algorithm for manipulating all of the world’s markets. This was not only explained in detail in a recent commentary, but evidence from a new, class-action law suit was provided which (if verified) proves the existence – and near-omnipotence -- of this computer program for manipulating markets (and specifically, precious metals markets).

It is only through the permanent price-suppression of these two barometers of inflation that the One Bank is able to preserve the value of its fraudulent, hyperinflated Western currencies. Otherwise, the exponentially increasing (and obviously hyperinflationary) money-printing of recent years would have already taken this fraudulent paper to zero.

But even the banksters themselves can see that their precious metals manipulation is becoming more and more obvious, and that clumsy whitewash-jobs, like the CFTC’s so-called “investigation” into silver manipulation would/could only fool the Sheep for so long. So it is staging this theatrical “purging” of its market fraud, through ‘confessing’ one tiny (and now irrelevant/obsolete) aspect of this systemic silver-manipulation.

Abolishing” the London Silver Fix is the perfect ruse, in several ways. First of all, this (old) game which the Big Banks have been playing even sounds manipulative (and corrupt): literally “fixing” the price of silver (and gold). Secondly, the One Bank’s Master Algorithm has made the London Silver Fix (and “gold fix”) archaic and redundant. It loses nothing here.

This game is getting so old that it is discouraging that more, other commentators do not also see through it. We’ve seen the banksters use exactly the same strategy when their LIBOR-fraud had become exposed, when their gangster racketeering with metals warehouses had been exposed, and (similarly) each-and-every time one of the One Bank’s mega-crimes has been exposed, or is about to be exposed.

It is, in fact, nothing more than the made-for-business derivative of the “false-flag attack”, a game which the One Bank has played in the geopolitical arena for many, many decades. The unquestioned master of the (geopolitical) False-Flag Attack is the state of Israel, although the United States ranks a strong second.

 

Buffett Sits on $50 Billion Cash-Hoard, Waiting for Bubbles to Pop

US Commentary

Warren Buffett’s “game” is getting old, like Buffett himself. He panders shamelessly for the Big Banks of Wall Street, 24/7; and in return, these market-rigging criminals tell Buffett what to buy – and when to buy it. This allows Buffett to pretend to be a “market oracle”, a gig which has worked out very, very well for the multi-billionaire.

Buffett’s shtick is that he is “a long term investor”, which brings us to the crux of this piece. In order to be a “long term investor”, one must have nearly all of their money deployed, nearly all of the time. The entire concept of long-term investing is based upon the premise of having one’s capital “working for them”, as particular investment opportunities mature and ripen.

Obviously the $50+ billion which Buffett is currently hoarding on behalf of himself, Berkshire Hathaway, and its (wealthy) shareholders can’t “work for them” when it’s sitting on the sidelines. Thus the only exception to the standard practice of all long-term investors to be fully invested in the market (or nearly so) is when they are expecting a large and imminent “correction”.

When vampires like Buffett (knowing in advance what will happen) sit on an especially large pile of cash, it’s because they are expecting a particularly large correction (i.e. a crash). When such a Vampire is sitting on the largest mountain of un-deployed cash in the 40+ year history of Berkshire Hathaway, it can only be because he is expecting the Mother of All Crashes.

Here we come to the large, logical disconnect, which exposes Buffett as the pawn that he is. As noted in a recent commentary; officially the U.S. economy is now in a Never-Ending Recovery. Despite the fact that this supposed “recovery” is now already twice as long as any ordinary recovery; we’re told by the bankers, the U.S. government, and the Corporate media (i.e. all of Buffett’s friends) that this Recovery continues to “improve” (even after more than 5 years), and shows no sign of ever ending.

Why is this? Because the U.S. Recovery is a magical recovery. It can “grow” without jobs. It can “grow” without spending. It can even “grow” without using any energy. In fact, in the magical U.S. economy it’s gasoline-powered automobiles can now be operated without gasoline. Yet Buffett the Investor is currently waiting for the Mother of All Crashes, with the largest bet in the history of Berkshire Hathaway.

Understand that Buffett is not allowed to short U.S. markets with this massive hoard of capital, the logical way for a long-term investor to be “fully invested” when expecting a correction. That would be pushing against all of the equities-bubbles which his Masters have been pumping-up so diligently over the past 5+ years, and they are not yet ready to place their own “short” bets -- confident they can pump-up these bubbles still further before staging the next crash.

Their bets always come before those of Buffett and the Berkshire Hathaway club, and Buffett understands his place in the pecking order. However, for similar reasons it’s impossible for Buffett to simply wait until just before the preordained crash, and then pull all/much of his funds out of the market, all at once.

That would clearly telegraph that the crash was coming, tipping off the Sheep, and allowing them to pull their own capital out of markets – before they had been thoroughly-and-painfully fleeced by the “shears” of the Wall Street banksters. That is most-definitely not allowed, thus Buffett must accumulate this mountain of capital slowly, but relentlessly.

   

The Never-Ending ‘Recovery’

US Commentary

Follow along, ladies and gentlemen, as the amazing tale of the U.S. “economic recovery” is presented to readers. This journey into the surreal begins with an obvious question: how was this Never-Ending Recovery created, which (supposedly) is already roughly twice as long as any ordinary recovery, and (according to the “experts”) shows no sign of ever ending?

Any/all close followers of the Never-Ending Recovery will have no problem answering this question. It was created through the stalwart “leadership” of the Federal Reserve, under the expert tutelage of B.S. Bernanke. He printed, and printed, and printed U.S. dollars at an exponentially increasing rate, never before seen with any paper currency – which did not immediately plunge into worthlessness via hyperinflation. And those are only the $trillions which Bernanke admits printing.

More-specifically; B.S. Bernanke created all of this funny-money via the utterly meaningless euphemism we now know as “quantitative easing”. What does “QE” really mean? It means simply conjuring paper currency (out of ‘thin air’) which is not directly or indirectly “backed” in any manner whatsoever, and so cannot possibly have any value.

This explains what was done by the Chairman of the Federal Reserve, prompting the next question: why did he do it? The explanation here is “simple”, indeed utterly simplistic. B.S. Bernanke printed these $trillions and $trillions of new USD’s (more than $10,000 for every man, woman, and child in the USA) to “pump-up asset prices” in U.S. markets – primarily U.S. stock markets.

He (artificially) pumped-up these asset prices in order to create what he called “a wealth effect”. This would then make Americans feel wealthier (through artificially inflating the value of their assets), and then they would (supposedly) go out and spend, spend, spend – resulting in “the U.S. economic recovery”. Unfortunately there are numerous problems (and questions) with this particular piece of Bernanke B.S.

The first (and most-obvious) question is: why did Bernanke go this circuitous route of pumping-up asset prices with newly-printed dollars in order to make Americans “feel wealthier”. Why didn’t he simply hand every man, woman and child $10,000+? Two reasons.

The elementary answer here is that one can’t “make people wealthier” by simply printing-up and spreading-around stacks and stacks of worthless, unbacked paper currency. If it was possible to do so, Bernanke (and all the other central bankers) would simply print and hand out a million dollars per person, or a billion dollars per person – and then (supposedly) we would all be tripping over all the “new jobs” and “economic growth”. It doesn’t take any brains to turn the switch on a printing press from “off” to “on”.

So, to begin with, it is simply and utterly impossible to create (real) “economic growth” (and real economic prosperity) through such money-printing hocus-pocus. But that’s not the really absurd part of Bernanke’s lie that he “created a U.S. economic recovery” with all of his QE money-printing. To understand this requires answering the second part of the previous question: why did Bernanke pump-up stock markets, rather than simply (directly) handing everyone their “$10,000”?

B.S. Bernanke did not want everyone to “feel wealthier”. He only wanted the top-10% of the U.S. population (who own almost all that U.S. stock) to feel and be wealthier. And thus the full absurdity of this imaginary “recovery” is revealed. Recall the storyline.

Bernanke is pumping-up assets to create a “wealth effect”. He’s creating a “wealth effect” to get Americans to spend, spend, spend (and thus create jobs and economic activity). The problem with this ridiculous fantasy? The top-10% upon whom all this new “wealth” was bestowed were already very, very wealthy. In fact they have never been wealthier in the 200+ year history of the U.S. republic.

Obviously making the very-wealthy wealthier is the worst, possible use of a “wealth effect”. If Bernanke’s money-printing hocus-pocus could ever work; the people who would need to “feel wealthier” are the bottom-90% -- whose standard of living has plummeted by more than 50%, and who (in relative terms) have never been poorer.

 

The Banksters’ Master Program For Manipulating Markets

US Commentary

Regular readers have heard the term “Hostage Markets” frequently in commentaries over the past year. However what has not been articulated during that time is the precise mechanism by which this total and complete control over all markets is achieved, except for a single commentary, written several years before readers were introduced to this label (and paradigm).

It all starts with the One Bank’s Pied Piper trading algorithm, what the propaganda machine calls “high-frequency trading”. It is a Master Algorithm which rules the trading (and traders) for anyone and everyone who use any of the “HFT” programs created by these Big Banks.

The Corporate media jabbers on extensively and exclusively about the speed of these automated trading programs. This is deliberate disinformation, to draw attention away from the obvious manipulative potential of these trading algorithms. It is inconceivable that our market “regulators” could not be aware of this manipulative potential, more strong evidence of the endemic corruption of these so-called regulators.

What makes this the perfect time to explain the Master Algorithm (and its manipulation) to readers is a report which has just surfaced concerning a new, class-action law suit against the Chicago Mercantile Exchange. The evidence which the plaintiffs claim to possess would not only conclusively establish the existence of this Master Algorithm, but they also claim to have “secret witnesses”, prepared to provide insider, smoking-gun evidence about this trading-algorithm manipulation.

[Case citation:  U.S. District Court for the Northern District of Illinois. Civil Docket #: 1:14-cv-02646 William Charles Braman, Mark Mendelson and John Simms v. Chicago Mercantile Exchange]

What is the nature of this “evidence”? Nothing less than the claim that 50% of the 12 million “contracts” (i.e. trades) each day at the Chicago Mercantile Exchange are simply phony (and illegal) “wash trades”. Six million phony and illegal trades are alleged to be generated each day at the CME to bludgeon all of the world’s commodities markets in whatever direction the One Bank desires.

This amounts to somewhere around 2 BILLION phony/illegal trades per year. In order for readers to understand the true, monstrous scale of such market-manipulation; let’s compare it to what the Corporate media is calling a “massive trading scheme”, also based upon phony/illegal “wash trades”, and also conducted in the commodities markets of the CME.

The bank involved was the Royal Bank of Canada, and the “massive trading scheme” involved mere “hundreds of transactions”. In comparison, the illegal market manipulation alleged in the law suit against the CME is millions of times larger than the alleged, RBC “massive trading scheme” (i.e. seven orders of magnitude). That is massive.

In fact; it’s so massive that no entity other than a “one bank” could possibly perpetrate a market-manipulation operation this large. RBC is (by itself) a Big Bank. Only the One Bank could perpetrate a market fraud more than a million times larger than an identical form of that fraud, perpetrated by one of the world’s “Big Banks”.

   

What If We Never Left The Gold Standard? Part II

Gold Commentary

Part I ended by challenging readers to engage in a difficult, mental feat: imagining sanity. Our present pseudo-reality (dubbed “the New Normal” by the Corporate media) has been so insane, for so long, that few of us have any recollections at all of living in even quasi-sane societies.

More specifically; we live in an upside-down world where virtually all commerce is conducted by swapping worthless scraps of paper (“fiat currency”) for valuable goods and services (or doing so “virtually”). Engaging in commerce where one exchanges value-for-value (i.e. exchanging valuable money for hard assets and services) is now a totally alien concept to the members of our societies.

So imagine sanity. Pretend that we have been sent back in time, to when we had both honest government (enforced through “the golden handcuffs” of a hard, gold standard), and honest money with which to conduct our commerce – gold and/or silver currency. Readers have had a few days now to prepare for this ‘journey’, so hopefully you’re now ready for that leap.

As sophisticated readers understand (and readers of previous commentaries); a hard gold standard enforces fiscal discipline upon governments. They must be able to back all of their spending with gold, thus practically eliminating any/all debt-financing. It is little different than a law requiring governments to “balance their budgets”.

This is a policy for which many right-wing pundits have clamoured for years/decades, yet (strangely) these same pundits (except for Ron Paul) never demand a return to a gold standard. Why not create a monetary system which physically enforces the law (i.e. a balanced budget)? It can only be because these “balanced budget” zealots on the Right are being less-than-honest about what their own “balanced budget” policies really represent.

Putting that aside; with a gold standard mandating balanced-budgets, we have a self-correcting, sustainable economic system. This is another concept which will be totally alien to almost all readers. Simply mention the phrase “sustainable development” in our societies; and one will immediately be pigeon-holed by the entire (ultra right-wing) business community (and media) as being some sort of left-wing radical and/or “environmentalist”.

In the New Normal; “sustainable development” is considered insane. By logical necessity; this means our entire Establishment subscribes to the mantra of unsustainable development: deliberately creating (and managing) an economic system which we know – by definition – cannot survive. This is the only path of (supposed) “sanity” for those living in the Wonderland Matrix: more insanity.

In the world of our gold standard, however, we have sustainable economies as well as sane societies. But it only starts with balanced budgets. Balanced budgets mean no debt. No debt means no interest payments (to the parasitic One Bank). No interest payments means our governments get to (productively) use 100% of every revenue-dollar they receive. This introduces readers to yet another concept which will be alien to all: efficient government.

Why have our governments gotten more and more “inefficient” each year? One reason is because every year they waste a larger and larger percentage of every revenue-dollar making interest payments to parasites. All of these massive, Western bond-debts are fraudulent (and thus legally unenforceable), but that is (and was) a topic for another commentary.

 

What If We Never Left The Gold-Standard? Part I

Gold Commentary

We live in an insane world. This isn’t an assertion, merely an obvious statement of fact. My own commentaries have dubbed this insane world “the Wonderland Matrix”. The Corporate media has deviously given it the euphemism “the New Normal”.

Neither “world” makes any sense whatsoever. The essential difference between the Wonderland Matrix and the New Normal is that the analysis which accompanies my work on the Wonderland Matrix provides us with the only explanation of why we live in a world which makes no sense. Conversely, the New Normal simply/inanely postulates the totally discredited cliché that “this time it’s different”.

In both the Wonderland Matrix and New Normal we have total perversity; black is “white”, down is “up”, and bad is “good”. In the New Normal; the fiction-writers of the mainstream media tell us that the U.S. economy is once again the envy of the world, thanks to what they call a 5+ year “economic recovery”, which is already much longer than any normal economic recovery (back when the world was sane).

The fiction-writers tell us that lots and lots of “new jobs” have been created during this (supposed) economic recovery, more than 5 million, to be precise. Yet the percentage of Americans who actually have jobs has fallen from 66% to 63.5%, and there haven’t been so few Americans working in that economy (on a percentage basis) in more than thirty years. It makes no sense.

The U.S. cars-and-highways economy is notorious for being the most rapacious gasoline-guzzler the world has ever seen. Yet official U.S. “gasoline consumption” numbers from the U.S. government report the U.S. economy is now only consuming 1/3rd as much gasoline as when this “recovery” began. It makes no sense. One could go on and on and on (as has been done in previous commentaries), but the (real) picture is clear: a world of insanity.

In general terms, the mission of writers such as myself is then also clear: to attempt to restore some degree of sanity to the world in which readers live. On a practical basis, my own strategy has been consistent since first beginning to publish economics-based commentaries: expose/debunk the Wonderland Matrix, and provide readers with analytical glimpses of what a “sane” world should look like – in many cases by simply reminding people of what our own “world” did look like, when it used to be sane.

In this respect, my “mission” has recently been aided by a question from an inquisitive reader: what if we had never left the gold standard? Exploring hypothetical scenarios is often a trivial (if not tedious) exercise, but not when we hypothesize sanity in the world. In that case; clearly the exercise is elevated to providing a realistic (if not superior) alternative to the current insanity.

The fiction-writers (and the “expert” economists who prostitute themselves on their behalf) tell us that a return to a true gold standard is absolutely impossible. Why? Because it would require our governments to manage our economies in a responsible and sustainable manner.

In the New Normal, this is not possible. It’s only “possible” for our (corrupt) governments to manage our economies in a (totally) reckless and (hopelessly) unsustainable manner, which has now brought every major Western economy to the literal brink of inevitable bankruptcy.

Clearly leaving the gold standard has not brought us the economic “nirvana” promised by the bankers (and their expert economists). Ceasing to manage our economies in a responsible/sustainable manner, and choosing to manage our economies in a reckless/unsustainable manner for the last forty years has rendered all of these economies insolvent. Who could have predicted that? Certainly not the economists.

   

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