Monday, July 28, 2014
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As I've done from time to time on the Forum (generally with disappointing results - lol); I'm posting the link to my most-recent commentary here in the hopes of stimulating discussion. When I do this; it's generally for a combination of two reasons:

1) Because the commentary relates to an especially important overall theme in my writing.

2) Because it covers some difficult-to-absorb concepts, where I suspect that some/many readers may not be able to (fully) follow along.

Is this an indication that I'm not sufficiently "respecting the intelligence" of this audience? I don't think so. The work on this site is NOT like some (quasi-mindless) TV series -- where if you simply "watch all the episodes" you will know pretty much everything that is taking place.

Instead, what is being presented here are the actions/operations of the largest, most-malevolent, most-devious Crime Syndicate to have ever plagued our species. Not only does it hide-in-the-shadows to the greatest extent possible; it owns-and-operates its own PROPAGANDA MACHINE -- to distract readers' attention away from this Crime Syndicate (and the crimes it commits), and to disguise or confuse the nature of its crimes when it can't prevent others from noticing.

Given this scenario; I would expect that many of the theories/concepts I discuss in my work would require several attempts at assimilation for many/most readers. Again, there is no disrespect intended here, since this simply reflects my own learning-process when it comes to particularly mind-bending concepts.

I didn't "figure out" what the derivatives market really represents (a gigantic, illegal casino), and what a "derivative" really is (simply a bet) the first day I began reading about this particular scheme/scam/crime. It was a process of enlightenment which occurred over a period of many months -- in part because there was no one available to explain derivatives and the derivatives market to me.

So I encourage questions/feedback in situations like this not because I don't respect the intelligence of the BBC audience, but rather simply to try to help speed-up your own learning-curves.

Unless you're a computer-geek; the term "algorithm" is likely not a concept with which most readers are comfortable. But learning what algorithms are (and what they can do) is definitely "useful information" in our 21st century cyber-societies.

The Banksters’ Master Program For Manipulating Markets
01:16 PM
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
As Members and regular readers around here know; I "get excited" sometimes. Generally, it's when some important (and seemingly reliable) piece of information/evidence emerges which validates (in whole or part) some previous facet of my work. This is more than just ego-indulgence and personal back-slapping (lol).

Rather, when such objective validation/confirmation emerges; it shows me that I'm on the right track. Not only does this allow me to then assert those views with greater certainty (and credibility), but it allows me to build upon that base -- in seeking to cobble-together a more accurate and comprehensive picture of the Wonderland Matrix.

Such seems to be the case with the report of a (huge) new class-action law suit, directed at no less than the CME (Chicago Mercantile Exchange) itself -- and the commentary which now points to this event. Fifty-percent of all trading at the CME alleged to be phony (and illegal) "wash trades" (trades with no legitimate business purpose). That works out to six million phony trades per day; 2 BILLION per year.

The Banksters’ Master Program For Manipulating Markets

This works out to somewhere in excess of 100 phony/illegal trades PER SECOND. Obviously such massive trading-volumes of these illegal trades could only be the work of this computerized, market-rigging "HFT trading". And as I observed in the article; it makes absolutely no sense to be cranking-out this insane volume of illegal trades unless all of that trading is controlled by the SAME COMPUTER PROGRAM (i.e. trading algorithm).

There are two reasons why that logical premise is virtually irrefutable. First of all, even with a crime syndicate as large and arrogant as the One Bank; it would never engage in 'gratuitous', illegal wash trades, since the larger the volume of illegal trades, the more-difficult it gets for our see-no-evil/hear-no-evil/speak-no-evil "regulators" to pretend not to be able to perceive that crime.

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

Secondly, any of these illegal wash trades being operated by an ancillary/competing trading-algorithm would (at least part of the time) cancel-out the market-rigging of the Master Algorithm. This would reduce both the profitability and the efficiency of this entire market-rigging scheme -- and thus would not be allowed.

If the evidence claimed in this law suit proves to be reliable; then the existence of the "Pied Piper" Master Algorithm which I have written about for the last 5 years is proven. Furthermore, to fund such an incredibly gigantic market-manipulation with this Master Algorithm (which is at work in all markets -- not just the commodity markets of the CME) would require $TRILLIONS per year.

None of the world's "Big Banks" are capable of funding crime on this scale, not even two or three working together. Thus if this Master Algorithm does exist (in the form/scale suggested in the CME law suit), then this also proves the existence of the One Bank, itself -- because only a crime syndicate of the scale/proportions described in the Swiss research (and my own subsequent commentaries) could 'fund the operation'.

Now (hopefully) the basis of my excitement is more apparent to readers. "Hostage Markets", "the One Bank", and the "Master Algorithm" are more than just key facets linking together all my writing over (in particular) the last year or two. They are even more important (if proven) as conceptual building-blocks.

These "building blocks" are the tools used to create as clear a conceptual picture as possible of the banking crime syndicate which is now so obvious that its existence can no longer be denied. All that remains to be clarified (with certainty) is the precise size, structure, and composition of this crime syndicate.

My own writing has asserted a very specific size/structure/composition of this crime syndicate: the One Bank -- with that original commentary now slightly more than one year old. The "One Bank" simply controls ALL of the Big Banks in the West (or virtually all of them), and many/most of them throughout the rest of the world.

This MUST be true, if you accept the validity of the mathematical modeling of the Swiss research upon which much of my own work is based:

- A core "super-entity", composed of over 140 corporate fronts, where 3/4 of those corporate fronts are "financial" entities

- This "super-entity" (by itself) controls roughly 40% of the global economy

Again, my reasoning here is mostly simple number-crunching. Even if we include all of the world's major insurance companies as "financial entities" (along with all the Big Banks), here is the math:

75% of the One Bank are financial entities, which (in proportionate terms) should account for roughly 30% of the global economy.

I don't think those numbers (quite) add up. In other words, even if "the One Bank" controlled EVERY Big Bank and major insurance company in the world that this would equate to 30% of the global economy.

But it wouldn't be too far away, either, since the size/market-capitalization of these financial entities has been ridiculously swollen by their mega-frauds and the $trillions in free money handed to these entities each year (through Western money-printing). So (again) if you are convinced of the existence of the One Bank, then you must accept with that the premise that it controls the entire Western financial sector, and most of that of the Rest of the World.

Obviously it's not possible to expand upon my reasoning within my commentaries to this degree -- along with presenting the basic story-line of the article. Hopefully such "expansions" of my reasoning within the columns of The Daily Grind will be seen as helpful in increasing clarity -- rather than being boring and redundant.

12:46 PM
2 days ago
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money in the forums.
Here's my latest for Sprott Money News. As noted in the commentary; this piece is a more personal look at how the New Normal/Wonderland Matrix is destroying our standard of living, as it destroys our entire economies.

P.S. It would be really nice to get some comments/feedback from the Members here, especially since they don't have any "comments" function at Sprott Money (yet), and so I can't get feedback directly from their audience.

Over 60,000 hits on this thread (the second-largest total on the Forum), but hardly any feedback is a little peculiar...

Our Economic Slow-Death

Most of the time, my writing on the economy is at the “macro” level: government policies, government lies, government failures, and (of course) the endless mega-crimes of the One Bank. This is an inevitable byproduct of being a “Big Picture” analyst.

However, occasionally Big Pictures also emerge at the “micro” level: the realm of individual businesses or individual citizens/consumers. Such is the case with respect to the economic “slow death” which is relentlessly disintegrating our economies (at the macro-level), while it also relentlessly destroys both our business-base and the standard of living (for the vast majority) at the micro-level...
11:32 AM
Jeff Nielson created a new topic Big Banks sued for silver-fix manipulation in the forums.
And here we have yet another facade from the Corporate media (and the bankers lurking behind them). Everywhere you look these days; the talking-heads are jabbering about the "gold fix" or the "silver fix", and even using the (forbidden) word "manipulation" along-side. But it's all a charade.

Of course the "silver fix" and "gold fix" are crooked. Everything the banksters touch is tainted by fraud. But it only "fixes" prices at one point of the day. What about the other 23:59 of every day???

I'm going to do a commentary on this subject, since there is so much (silly) focus on this meaningless issue. But for now; there's just this "footnote", informing readers that Bank of Nova Scotia, Deutchse Bank, and HSBC are accused of "manipulating the silver fix".

This is also silly. The gold fix and silver fix are set by roughly half a dozen of these Big Banks -- as a collaboration. The silver fix (or gold fix) thus cannot be "manipulated" by only some of these banks. To manipulate the silver fix/gold fix requires collusion by ALL of these Big Bank tentacles of the One Bank (or almost all of them).

The LIBOR charade was even more pathetic. LIBOR is the collaboration of a dozen of the One Bank's Big Bank tentacles; yet originally the Liars in the government/media/regulators tried to tell people that only one Bank (Barclay's) was "manipulating LIBOR". Lol!!

Thus as with almost everything else in the Wonderland Matrix; we cannot trust anything these Liars tell us, especially when they claim to be "cleaning up corruption" in the silver or gold markets.

P.S. Note the typical "disrespect" shown to Canada in this U.S. reporting. It's my understanding that the Bank of Nova Scotia is now SECOND (behind only JPMorgan itself) in terms of how deeply its involved with silver-manipulation. Yet with three banks accused of "silver manipulation" (a UK bank, a German bank, and a Canadian bank); only the UK bank and German bank are mentioned in the Bloomberg headline.

P.P.S. Of course what is thus even stranger about this article about a "silver manipulation" law suit is that JPM isn't even mentioned.

Deutsche Bank, HSBC Accused of Silver Fix Manipulation

Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.

The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.

“The extreme level of secrecy creates an environment that is ripe for manipulation,” according to the complaint. “Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits.”

The lawsuit is the latest to be brought against banks alleging manipulation of a benchmark. Suits have been filed against Deutsche Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix...
11:17 AM
3 days ago
Jeff Nielson created a new topic Turkey breaks away from "U.S. alliance" in the forums.
This is big stuff.

Geographically, Turkey occupies an extremely pivotal geopolitical position. Culturally; it is considered a "bridge nation" between East and West. And (in recent years) the Axis of Evil (U.S./UK/Israel) has successfully brought Turkey within its own sphere of influence -- despite the incident where Israeli soldiers murdered unarmed Turkish nationals attempting to bring humanitarian aid to Gaza.

But now, suddenly, Turkey is saying the following:

Turkish Prime Minister Tayyip Erdogan spoke in an interview with Turkey's ATV television, and confirmed that his office had cut off direct communications with President Obama, and in fact, were no longer even answering calls received from the White House. In addition to this startling announcement regarding a long standing U.S. ally, the Russian Ministry of Economic Development followed this up with a press release that stated that Turkey was quickly moving away from their reliance on the dollar as the global reserve currency...

Kaboom! Not only is this influential nation saying that it would rather be "friends" with supposed villain Russia than the U.S. (and the rest of the corrupt West), but it's joining the MOVEMENT away from the USD as reserve currency -- yet another nail in the dollar's coffin.

Could it be that Erdogan is finally fed-up with the two-faced game that the U.S. has been playing, where publicly it pretends to be the friend/ally of the Erdogan government while behind-the-scenes it has constantly been sabotaging Turkey's economy, and stirring-up civil unrest?

Unfortunately, the track-record of the Fourth Reich (once it has been "rejected" like this) is to OVERTHROW such regimes. Just ask the former leaders of Iraq and Libya. Oh wait. You can't do that, because not only did the U.S. overthrow their regimes, it made sure they were killed/executed as well.

Bon chance Prime Minister Erdogan! You're going to need to it. But the world needs more leaders like Erdogan -- with the courage to "just say no" to the Axis of Evil...

U.S. ally cuts off communications with Obama and seeks new trade outside dollar

On July 21, Turkish Prime Minister Tayyip Erdogan spoke in an interview with Turkey's ATV television, and confirmed that his office had cut off direct communications with President Obama, and in fact, were no longer even answering calls received from the White House. In addition to this startling announcement regarding a long standing U.S. ally, the Russian Ministry of Economic Development followed this up with a press release that stated that Turkey was quickly moving away from their reliance on the dollar as the global reserve currency, and is seeking increased trade with Russia in a mutually beneficial exchange of self-contained sovereign currencies.

Turkey's cold shoulder against President Obama and the U.S. began shortly after the Syrian crisis failure by the United States back in September of 2013. And since that time, Turkey has begun to move away from its U.S. alliance and has started seeking increased trade agreements with America's primary adversary Russia. Already the eighth ranked trading partner for Russia, Turkey is proposing an even greater share of this pie, and is willing to accede to Russia and China's agenda for a de-dollarized trade system that cuts out the reserve currency from most or all transactions...
05:50 PM
Jeff Nielson created a new topic New reality-TV show: "Bankers Go Splat!" in the forums.
With all the bankers who are suddenly-and-mysteriously choosing to "commit suicide" these days (generally from high-dives off of tall buildings), and (as indicated in today's edition of The Daily Grind -- July 25th) more high-diving by these bankers expected in the near future; it suddenly occurred to me that this was a tremendous waste -- a "waste" of highly-marketable entertainment material.

Think about it. Our TV airwaves have already been polluted for many years by various "blooper" shows, generally clips showing ordinary PEOPLE getting injured -- often seriously. This is "funny"?

Why would anyone want to watch something gruesome and pointless like "ultimate fighting", when they could watch something gruesome but productive instead? With "Bankers Go Splat!", there is no risk of offending anyone. Here is how it would work.

You get the One Bank to provide times, dates, and locations for upcoming "banker suicides" -- so that there's time to get a camera out for coverage. No need to provide names, as then our "vigilant" police might start to get a little suspicious (and ruin the whole racket).

And then since the bankers likely make very little noise when they go "splat" (apart from perhaps some pre-splat screaming); we would add some wacky sound-effects at the moment-of-impact, but cut away from a camera shot of the actual "splat" itself -- that way "Bankers Go Splat!" would be good "family entertainment".

This is a particularly good time to capitalize on the reality-TV potential here, given that in the law suit discussed in today's edition of The Grind there are (supposedly) a couple of banker "informants" working on the inside, about to expose the One Bank's entire Pied Piper trading-algorithm manipulation.

What will happen if the One Bank can't figure out which two of its henchmen are in the process of 'squealing'? Well then we will likely begin to see these bankers "committing suicide" in packs -- and wouldn't that be a great spectator-sport???

"Dead men tell no tales" (in class-action law suits). But they might show up in the next reality-TV show...

01:07 PM
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Friday July 25th, and the "big news" of the day (other than Israel's latest war-crimes against the Palestinians) comes from an item I spotted this morning at Jim Sinclair's site ( However, that item comes from a website that has been BANNED on this site (one of only two, in the entire world-wide-web), and so readers will not see an excerpt of that item here.

Instead, I'll simply report its stunning contents, since there is actually only one really significant factoid in the article: apparently 50% of all trades at the CME (Chicago Mercantile Exchange) are "illegal wash trades".

What is a "wash trade"? It is a trade with no "business purpose" of any kind. What, then, is the purpose of a wash trade? To manipulate markets. Understanding that millions and millions of "trades" take place each day at the CME (roughly 12 million "contracts" per day); what could possibly generate that sort of volume of (phony) wash trades?

The Master Algorithm of the One Bank: the Pied Piper trading-algorithm which I have written about here for several years. Just as the research paper from the trio of academics provided proof of the "banking cabal" which I have talked about here from Day 1 ("the One Bank"); here is the "smoking gun" I've been looking for in exposing its Pied Piper trading algorithm.

I'm sure that many readers have still found it hard to grasp how a "trading algorithm" (actually a collection of closely-related programs) could lead around-by-the-nose all of the world' markets. Well, now you have the 'physical' evidence in front of you which should make this manipulation-concept easier to grasp.

How does the One Bank 'influence' the 12 million (commodities-based) trades per day at the CME? Because 6 million of those trades are nothing but the phony wash-trades of its own Master Algorithm. Conveniently, I just finished a somewhat detailed discussion of the Master Algorithm of the One Bank in an earlier edition of The Grind (July 16th) -- so let me pull out an excerpt of that:

...what we see in the silver market is more like the read-out of some gauge measuring the function of a particular device or machine. In this case; the "device" in question is the One Bank's master trading-algorithm, the Pied Piper computer program which now leads (nearly) all of the world's traders (in all of the world's markets) around by the nose.

The fact that the pictures in the gold and silver market are not identical (despite the overall, net effect being the same) is simply a reflection of the fact that this Pied Piper trading algorithm 'meshes' with each market in a slightly different manner. In fact, there could very likely be several basic patterns which are currently being produced in the world's markets by this master trading algorithm.

...and then this:

...The Pied Piper trading algorithm, conversely, is a malevolent tool.

It allows total control of the world's markets (when used in combination with a media propaganda machine), thus facilitating financial crime in these markets on a scale never even previously imagined...except in the minds of comic-book writers.

As previously detailed in commentaries; the use of this master algorithm to create our own Hostage Markets for gold and silver is a relatively minor function of this master algorithm. Look at some of its more significant crimes.

Economic Rape of Europe Nearly Complete, Part I

...and this:

This is the "force" which we are up against. It is an economic crime-juggernaut which is almost omnipotent. It's one Achilles Heel? All that is needed is for some HONEST regulator, in an HONEST market to switch-off that master algorithm -- by simply banning all of the criminal, outrageous, fraudulent "HFT trading".

Until that happens, all of the world's markets, and all of the world's nations, and thus all of us are (economic) "hostages" of the One Bank...

This is the "theory" which I described to readers roughly one week ago (well, actually I already knew I was right), and now we see (over at Sinclair's site) the evidence which proves that theory.

If only evidence like this would conveniently drop into my lap regarding all my theories...

This is all I'm going to say about this today, since this is so important it will definitely be the subject for (at least) one commentary.

Court citation:

U.S. District Court for the Northern District of Illinois. The Civil Docket #: 1:14-cv-02646 William Charles Braman, Mark Mendelson and John Simms v. Chicago Mercantile Exchange
12:08 PM
Jeff Nielson replied to the topic Re: Israel speeding-up Palestinian genocide in the forums.
P.S. Note that there have been ZERO Israeli civilian casualties -- meaning ZERO casualties from the so-called "rocket attacks", which it claims are being fired by Palestinans.

It is these so-called "rocket attacks" (i.e. false-flag attacks) which is Israel's only pretext for its latest invasion (and slaughter). Over 800 Palestinians have been murdered by Israel's army (and thousands wounded) as a "response" to ZERO Israeli casualties.

There was never even the slightest justification for Israel's latest military operation (since the so-called rocket attacks are obviously a false-flag operation) -- meaning that EVERY Palestinian death is a prima facie war crime.

This isn't a "war". It isn't even an "invasion". It's simply an extermination.

10:54 AM
Jeff Nielson replied to the topic Israel speeding-up Palestinian genocide in the forums.
The Palestinian death-toll in Israel's latest war crimes has no risen to over 800 -- the vast majority being civilians. Many times that number have been seriously wounded. Israel claims that 34 of its own soldiers have been killed, but that number is highly suspect.

In recent military operations against the civilian population of Gaza; the kill-ratio of Palestinians to Israelis has consistently remained around 100:1. Thus we must conclude that Israel is exaggerating its own losses. What a surprise!

Meanwhile, there is no doubting the Palestinian numbers, as we continue to see the evidence of Israel's war crimes with endless footage of flattened Palestinian buildings, and with the dead and dying all around. It makes it even easier for Israel to bump-up its murder rate of Palestinians because it has now shelled SEVERAL UN humanitarian relief centers in Gaza.

Being an international organization; it has a direct line of communication with Israel's government. It CLEARLY informs Israel's government of the coordinates of these relief centers, making the possibility of "accident" impossible. These are deliberate slaughters/war crimes by the government of Israel and the Nazi thugs it calls "soldiers".

If this was any other nation on Earth; it would already have been unanimously denounced for its serial war crimes. It would have been totally politically and economically ostracized, and would be the target of "sanctions" at least as severe as what the fascist regimes of the West are currently inflicting upon Russia.

But because Israel is protected by its lackey, the United States, and because of several generations of "anti-Semitism" brainwashing; Israel still gets a free pass from most of the world -- as it commits one obvious war-crime after another against the Palestinian people, in its slow-genocide of that population.

It is time the whole world spoke-up against Israel. It's time that we replaced the governments that continue to condone (and even encourage) Israel's slow-genocide (and there's no worse Israel-lover than Stephen Harper).

Crunch time for Gaza truce talks as death toll passes 800

(Reuters) - U.S. Secretary of State John Kerry pressed regional leaders to nail down a Gaza ceasefire on Friday as the civilian death toll soared, and further violence flared between Israelis and Palestinians in the occupied West Bank and Jerusalem.

Mediators hope any truce in the Gaza Strip can coincide with a Muslim festival that starts next week, and are looking to overcome seemingly irreconcilable demands from Israel and Hamas-led Islamist fighters, locked in conflict since July 8.

As the diplomacy continued, so did the fighting.

Gaza officials said Israeli strikes killed 33 people on Friday, including the head of media operations for Hamas ally Islamic Jihad and his son. They put the number of Palestinian deaths in 18 days of conflict at 822, most of them civilians...
10:48 AM
4 days ago
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Thursday July 24th, and I'm tired. I wrote the conclusion for Sunday's piece this morning, and then spent half of the afternoon at the gym. So I'm just not up to being "profound" today (lol).

Obviously today's commentary is what is primarily on my own mind, and hopefully also that of the readers visiting the site today. One of the reasons why it's helpful (for me, at least) to spend additional time discussing my commentaries in The Grind is because it allows me to get to things which had to edited-out (due to word-count constraints).

What If We Never Left The Gold Standard? Part II

It doesn't matter if a writer puts together a superb, 2000-word analysis, because he/she will begin losing large numbers of readers at (at best) around the 1500-word mark. Our attention-spans have become stunted (in our "sound-bite world"), and I consider myself as 'impaired' as anyone else in this respect.

So sometimes important thoughts get cut-out, and today is a good example of that issue. In telling readers about many of the wonderful economic realities we would gain if we were to go back (or go forward) to a word of a hard gold standard and "honest" money; I wasn't able to fit-in what we would lose: namely the One Bank, itself.

It is a monstrosity built almost entirely upon the fraudulent money-printing of our "fiat currency" system and societies which (through propaganda and deceit) have become addicted to debt -- thus fattening-up this crime syndicate more and more by the day with endless/infinite interest payments.

In a world of a hard gold standard; there would be no mountains of (worthless/fraudulent) paper for the bankers to exploit, leverage, and pervert. And (as explained in today's commentary) with debt-free governments setting a good example for their citizens; (for the first time in generations) we would inevitably be low-debt societies -- meaning minimal interest payments to fatten these parasites.

Why does the One Bank hate the mere idea of a gold standard? Why does the One Bank hate gold and silver, and (most-particularly) hate gold and silver as money? Because like kryptonite against Superman, like sunlight against a vampire, like a silver-bullet against a werewolf; these are existential threats to the One Bank itself.

There are all sorts of reasons to yearn for the "world" described in today's commentary. But likely the best one of all was the one I wasn't able to include: that world necessarily excludes the mere possibility of a "One Bank".

05:31 PM
5 days ago
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Wednesday July 23rd; and after a couple of long editions of The Grind, I'll keep today's version somewhat shorter. In part, I'll do this by referencing another post from the Forum (earlier this morning) where I discussed today's central topic in considerably more detail.

And that "topic" is the Big Banks pretending to "leave the commodities business". This is something that would never happen because it is simply something which could never happen. Much like there is no way the banksters could never "unwind" their crooked "derivatives" casino -- because it's now more than twenty times as large as the entire global economy -- their (assorted) commodities frauds are too large for these criminal entities to simply walk away.

Not only is there the problem of countless (enormous) "skeletons in the closet" which would be inherited by any supposed "purchaser" of these businesses; but in simply making an "exit" (and taking all their fraudulent paper with them), the massive economic carnage caused by the (sudden) removal of that paper would be proof, by itself, of the size of the previous frauds which had been taking place. I pointed out another obvious example of precisely the same sort of silly charade in that earlier post.

New Bubble-Highs In U.S. Markets Prove No Tapering

Even beyond revealing their secrets, and revealing their crimes; there is a more-fundamental reason why the One Bank will not/cannot simply walk away from its commodities-manipulation racket: the manipulation of commodity prices is an integral part of the "inflation" lie, and thus an integral part of delaying the inevitable hyperinflation of Western currencies. NOTHING could induce the One Bank to jeopardize its precious (fraudulent) "fiat currencies".

It shouldn't be necessary for myself (alone) to debunk yet another silly lie by the bankers (and their parrots in the mainstream media). Yet time after time (as we saw with the myth of the Bullion Banks being "net long" in gold); the banksters (and media drones) simply say that they are going to do something (or already have done it) and other commentators believe it.

The net-result is that I end up getting "preachy", because the same people are getting sucked-in again and again. We're seen all their cons before. We're seen all their lies before. When the banksters trot-out new versions of these same shams/scams; they should fool no one.

Fool me once; shame on you. Fool me twice; shame on me.

Get fooled a half-dozen times, and you simply need to give your head a shake. While I strongly encourage readers to read/visit the other post on this topic (as there are several points of this discussion only mentioned there); I will pluck-out one, especially important excerpt from that earlier post:

Note that Basher Central (inadvertently) reveals how we will KNOW that the banksters haven't "left commodities": the impact on prices. In any/every market in which these Criminals operate; they bring mountains of their fraudulent paper with them. If they ever (truly) "left" a market/sector; it would be the literal, economic equivalent of "the tide going out". Prices would have to fall (dramatically) because with any banker-dominated market being at least 90% fraudulent paper; if you remove that "90%" the (fraudulent) market must collapse.
Yet look at precisely what Basher Central is telling us in the piece of tripe below: the banksters are going to leave these commodities markets, and take their 100:1 leverage with them, but these paper-saturated markets will not collapse.

It's really, really simple: if we do not see a "crash" across the broad spectrum of commodities (like we saw when the PAPER was pulled out of the paper-called-gold market last year, and caused a 30% drop in the price of gold), then we have absolutely conclusive proof that this "exit from commodities" is just another silly ruse.

On the other hand; if we do now suddenly see commodities markets crashing across-the-board, then that would mean that the bankers' paper was withdrawn. That would (likely, but not certainly) also mean that they really did sell their businesses. It's also possible they could simply withdraw some of their paper (to cause a crash), but keep control of those businesses.

However; if we do see a commodities-crash in the near future; I'll be the first to admit that my analysis today was at least partially mistaken...

Bank Exodus From Commodities Could Hurt Liquidity Short Term; Otherwise Limited Impact Seen

The trend of major banks leaving the commodities business could hurt liquidity in the short term, but eventually other trading firms will fill the void, say veterans of the commodities business.

Most do not look for a major impact on the price trend of commodities in general; after all, speculators can establish either long or short positions. Nevertheless, some pointed out that past moves by banks to exit happened to coincide with a bottoming in commodities prices.

Credit Suisse said Tuesday it plans to wind down its commodities trading to focus on other areas of its business. Previously, Deutsche Bank, JPMorgan and Barclays also said they are either scaling back or exiting the commodities arena...
01:32 PM
Last year; as the banksters' paper-called-gold funds were about to totally collapse because (legitimate) investors were stampeding out of these fraud-funds, the bullion-banks were forced to soak-up so many millions of units of this fraudulent paper that (at least at one point) they were technically "net long" in the gold market.

The propaganda machine published this half-truth (to cover-up what was really happening), and all of the commentators in the precious metals sector (except myself) simply lapped-up this nonsense. Deluded investors waited for bullion prices to rise because the banksters were (supposedly) "long gold" (lol!!!!), only to be disappointed when the charade was exposed -- and my own analysis was proven correct.

"Fool me once; shame on you. Fool me twice; shame on me"?

Apparently not when it comes to the commentators of the alternative media. This year; the new propaganda lie is that the banksters are "leaving the commodities sector" -- something about their ever-more extreme acts of fraud/manipulation getting them nervous, and so they are seeking to "limit their exposure" (i.e. potential legal liability).

Lol !!!!!!!!!!!!!!!!!!!!!!!!!

And like good chumps; once again we hear alternative-media commentators echoing this nonsense and then "speculating on its impact" on commodity markets.

naivety - the state of being naïve, having or showing a lack of experience, understanding or sophistication

gullible - Easily deceived or duped.

When the One Bank's psychopath-minions or corporate tentacles "announce" that they are going to do something; we don't assume it's true -- and then go around parroting it. We assume it's a lie (like most of what spews from their treacherous lips).

Then we begin speculation on WHY they are lying, and what the Truth really is. Indeed, these days we generally speculate that the banksters will do the precise/perverse OPPOSITE of what they say they doing. Thus when they claim to be "leaving commodities"; more-likely-than-not it means they plan on expanding their mega-frauds in these markets.

So when the One Bank's tentacles announce that they are "leaving the commodities business"; the one thing that we know they are NOT doing is "leaving the commodities business". This brings us to Stage Two: why are they lying -- and what are they really doing?

As previously noted; the reason they are "announcing" this supposed retreat from their commodities racket is because decades of their mega-frauds in these markets has made these markets increasingly perilous -- i.e. increasing likely to expose the One Bank to some mega-$billion or mega-$trillion legal liability.

If you can't stand the heat, get out of the kitchen.

Not exactly. If you're a bankster, and you can no longer stand the 'heat' of your own, fraudulent kitchen; you simply pretend to leave the kitchen. What you really do, is to simply give your kitchen a NEW NAME -- and then pretend that someone else owns it.

It's not like this is a new charade. Even the most-comatose Sheep is familiar with the business vernacular "corporate front" -- i.e. a paper shell to hide the Puppet-Master behind the curtain.

It's not necessary to explain this to readers here; but perhaps YOU all can explain this to other commentators: when the banksters say that they are going to "do something", don't believe them.

Note that Basher Central (inadvertently) reveals how we will KNOW that the banksters haven't "left commodities": the impact on prices. In any/every market in which these Criminals operate; they bring mountains of their fraudulent paper with them.

If they ever (truly) "left" a market/sector; it would be the literal, economic equivalent of "the tide going out". Prices would have to fall (dramatically) because with any banker-dominated market being at least 90% fraudulent paper; if you remove that "90%" the (fraudulent) market must collapse.

Yet look at what Basher Central is "predicting" (lol!):

Bank Exodus From Commodities Could Hurt Liquidity Short Term; Otherwise Limited Impact Seen

We're told that the tide is about to go out in the commodities sector (dramatically), but we're also told (in advance) not to expect a "low tide" when the tide goes out.

This was identical to how the Fed has told us (year after year) that its "quantitative easing" was pumping-up markets (obviously?). Yet when it sold the pathetic lie of "tapering" to the Sheep (and commentators in the alternative media) we were also told NOT to expect all these pumped-up markets to collapse when it withdrew some of that paper.

Please see:

The Wonderland Matrix

Bank Exodus From Commodities Could Hurt Liquidity Short Term; Otherwise Limited Impact Seen

The trend of major banks leaving the commodities business could hurt liquidity in the short term, but eventually other trading firms will fill the void, say veterans of the commodities business.

Most do not look for a major impact on the price trend of commodities in general; after all, speculators can establish either long or short positions. Nevertheless, some pointed out that past moves by banks to exit happened to coincide with a bottoming in commodities prices.

Credit Suisse said Tuesday it plans to wind down its commodities trading to focus on other areas of its business. Previously, Deutsche Bank, JPMorgan and Barclays also said they are either scaling back or exiting the commodities arena.

Commodity markets generally may be less liquid for a year or two, said Dennis Gartman, a veteran trader and publisher of The Gartman Letter.

“But even that will, over the course of time, be eased,” Gartman said. “People will move in and take their place. That’s already happening. We’re seeing hedge funds and we’re seeing the Glencores, et al, buying the commodity businesses that the banks are getting rid of.”...
12:11 PM
As everyone knows; the United Nations is (absurdly) subservient to U.S. interests, and the U.S. is absurdly subservient to Israel's interests. So when the UN itself starts talking about "Israeli war-crimes", clearly a particularly obvious and/or particularly heinous atrocity is taking place.

Given the (previous) eye-witness account of the cold-blooded murder of unarmed civilians by Israeli soldiers; certainly there is nothing surprising here -- except that this report is actually appearing at Basher Central. As with the rest of the mainstream media; it typically only publishes materials which stick to the (mindless) mantra that Israel can do no wrong.

And when it does do something which seems like a crime-against-humanity; we're told it always has a really good excuse. But not here. What is being exclusively described outside the mainstream media, and now beginning to be mentioned within the mainstream media is simply more of Israel's slow-genocide.

Note in particular one piece of "good advice" which would be a complete revelation to the fascist leadership of Israel:

"When in doubt, the houses of civilians are not legitimate targets."

Of course, one would also have to provide the terrorist Netanyahu with a dictionary -- so that he could first look-up the words "legitimate target", as these words have been totally alien to every Israeli regime for at least two decades.

The UN Warns Of Possible Israeli War Crimes In Gaza As Death Toll Climbs

UN High Commissioner for Human Rights Navi Pillay on Wednesday warned that Israeli military attacks on Gaza could constitute a war crime, as the death toll in Israel's two-week offensive on the Palestinian enclave rose to 670, mostly civilians.

Pillay told a special session of the UN Human Rights Council in Geneva that independent reports on the Israeli attacks indicated "a strong possibility that international humanitarian law has been violated, in a manner that could amount to war crimes".

The top UN official, who also branded as "unacceptable" the indiscriminate rocket attacks by Palestinian militants against Israel, stressed that "the houses of civilians are not legitimate targets unless they are used or contribute to military purposes. When in doubt, the houses of civilians are not legitimate targets"...
11:20 AM
Jeff Nielson replied to the topic Re: News Release Geophsics Reported in the forums.
Auriferous, it's my understanding that sometimes the "imaging" work produced from these aerial surveys is little more than an educated guess, and sometimes it's (almost) an indication of a sure-thing. And it doesn't necessarily depend on the "strength" of the imaging signal -- but rather the particular type of geology involved.

Is there any way for an Average Investor (i.e. someone without any background in geology) to be able to distinguish high-probability results from these aerial surveys from low-probability results?
11:06 AM
6 days ago
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Tuesday July 22nd, and as promised yesterday; the topic-of-the-day is the Bloomberg clip of Marc Fabar -- and how it ties into Sunday's commentary on how surreal/artificial is the world of the Wonderland Matrix.

With Marc Fabar; we have an individual of considerable intelligence, insight, and experience in observing (and trading in) markets. So why have my reviews of Mr. Fabar's public appearances had some degree of ambivalence in the past? Because with respect to Fabar's interviews in the mainstream media; either he is (intentionally) self-editing his own remarks (in order to make them PALATABLE to the Corporate media), or he is allowing the media entities whom he works with to IMPOSE constraints on how far he is allowed to go with his comments.

An obvious example of this occurs at the 2:40-mark of the clip:

The economy of the U.S. is growing at a very slow pace at the very best, it depends on how you translate the economic data that the government is publishing into reality...

[emphasis mine]

Here Fabar is doing nothing less than 'speaking in code'. The U.S. economy is "growing slowly, at best"? Clearly with the opening part of this statement Fabar is implying that perhaps one cannot trust these "growth" numbers. Then he goes a little further, with more 'code': depends on how you translate the economic data that the government is publishing into reality.

And now Fabar's implication gets closer to an outright accusation. With the U.S. government claiming that the U.S. economy has been growing at roughly a 3% rate, quarter-after-quarter, for several years; exactly what requires "translation"?

Obviously the only numbers which would require "translating...into reality" are LIES. And yet here Fabar (Bloomberg?) draws the line. Fabar can imply that the "U.S. recovery" is just a propaganda myth, but (unlike what I do all the time in my own commentaries) he either can't or won't say this directly.

We get more of the same later in the clip, when Bloomberg (briefly) allows Fabar to discuss gold, and responds to the (idiotic) question from the Bloomberg talking-head about whether gold was "in a bubble" (lol) at previous highs. Here is Fabar's response:

That is the view of some people, and the majority of investors and strategists are rather bearish about gold. But in my view, given all the uncertainties that we have, all the money-printing that we have, and all the worsening geopolitical conditions that we have; I think investors should own some gold...

This simply pains me, because Mr. Fabar simply knows better than this, and here he is currently choosing to engage in significant understatement (i.e. self-censorship). I am quite sure that Marc Fabar understands that in relative terms the money-printing now drowns-out all other variables.

There are two inferences to draw from this. First of all; the other "variables" Fabar threw into the question are just window-dressing -- to please Bloomberg -- because it is the propaganda machine (in particular) which likes to pretend that all these factors are equal/integral components in determining the "proper" price for gold.

Secondly; the suggestion that "I think investors should own some gold" is simply WEAK. Again, Fabar clearly has a sophisticated enough understanding of the pending economic nightmare to know what he should have said:

All investors must hold a significant component of gold (or silver) in their portfolios.

How does this tie into my latest commentary, about the difficulty of trying to present a sane world to readers (a world of value-for-value, versus a world of hard assets in exchange for worthless scraps of paper)? Because no one listening to the Fabar clip (whose mind is currently 'plugged into' the Wonderland Matrix) could have ever been freed/enlightened by listening to that clip.

Only those already outside the Wonderland Matrix would know what Fabar was really talking about -- and there is the problem. There are so few astute/intelligent, and (relatively) honest commentators out there (inside or outside the mainstream media) who are capable of enlightening people as Fabar could.

More to the point; Fabar is one of only a handful of such individuals with access to the mainstream media, and the (potential) size of audience that represents. What hope is there for any of the Sheep (90+% of our populations) when people such as Fabar won't even try to reach/free their minds from the Matrix???

Obviously I say this as someone who doesn't have anywhere near the size/scope of business interests as Mr. Fabar, and thus don't have nearly as much to lose/protect. But I was one of the few alternative media commentators who did have some "mainstream" exposure. Obviously my refusal to compromise my own message (and the fact that I had started getting hired for more paid pieces) was what got me censored from

"Certain people" are very adamant that my message is not seen/heard by the masses, especially since that message was refined with my introduction/explanation of the One Bank. If nobody is prepared to place "principal" ahead of financial/career expediency; than all hope for all the Sheep is lost...

'Dr. Doom' Faber: Stocks in a Bubble, Buy Gold
05:35 PM
1 week ago
Jeff Nielson created a new topic "Silver Opium – The Eastern Revenge" in the forums.
This comes to me via "Rory" (of the SGT Report gang) and his own blog "The Daily Coin"...

Silver Opium – The Eastern Revenge

When I began to explore the opium wars, which began in the early 1700′s and came into full view in the early 1800′s, Britain, France and the United States, had taken full aim at China in the name of “free trade”. Things haven’t changed all that much since the West looked East to find a flow of wealth they could not control.

The Chinese had a lock on trade in the early 1700′s by having products that people wanted to purchase, silk, tea and porcelain in particular. The Chinese were not that interested in what the East had to offer. At the time silver was not only money, but it was the currency of the day. People used silver like we use worthless paper dollars/debit cards today. The biggest difference from then to now is that silver has value and the dollar is a promise to generate more debt. I find it interesting that Rothschild began taking over the global banking system towards the end of the opium war and just prior to the Civil War in the United States.

“The few who understand the system, will either be so interested from it’s profits or so dependant on it’s favors, that there will be no opposition from that class.” — Rothschild Brothers of London, 1863 (source)

It seems like the more things change, the more they stay the same.

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus. (source)

So, you see these banksters have understood and implemented their evil genius for well over 150 years. They knew during the opium wars in the 1700 and 1800′s and they know today. I believe the banksters are losing control of the current narrative, the same way they did during the opium wars. Thus having to create real war to distract and steal unabated. The narrative today is that Russia is the problem, Iran is the problem, the President of Syria is the problem, etc.. This is to distract from the real problem which is the USDollar, not only losing it’s world reserve currency status, but losing all it’s value due to the transfer of wealth through money printing by the Federal Reserve.

So, what role did silver play at the very beginning of this wealth transfer? What role does it play today?

Silver was being drained out of Britain and the United States and the two countries, being tied at the hip, joined forces and created a problem, which generated a reaction and the criminal elite provided the solution. Nothing has changed, the same play-book is being used against you today. Are you paying attention?

The British introduced opium along with tobacco as an export item to China in order to reduce the trade deficit. Under the disguise of free trade, the British, the Spanish and the French, with the tacit approval of the Americans, continued sending their contraband to China through legitimate as well as illegitimate trade channels even after the Chinese dynasty put an embargo on opium imports.

All the silver (read money) was moving from West to East–the same as today–and the Anglo-American axis could only offer debt and death–the same as today. By supplying (read bootlegging) drugs into China and creating a huge population of addicts the West was able to completely change the “currency” China was using from silver to opium. They were unsuccessful at stopping the flow of silver completely but they were able to change the overall movement from West to East. By 1838 the West was, illegally, exporting 1,400 TONS of opium annually, a 100 fold increase in 100 years. Can you imagine the number of addicts 1,400 tons of opium would create? The Chinese authorities sure could and they were doing everything within their power to slow or stop the importation of opium into their country.

Silver is money and was used as coined currency, the world over, right up the 1960′s. The United States stopped using minted silver coins in 1964 and another round of debasement was underway. This was one of the last major currency debasements to happen. The banksters weren’t done, but this was a heist on a scale similar to 1933. The theft of a nations wealth was being finalized.

Todays cultivation of poppy in Afghanistan is at it’s highest level since someone, probably the UN keeping tabs on their business, began tracking production.

If you simply remove opium or change it’s name to USDollars you will see that nothing has changed. The heroin addicts now live on Wall Street and trade Treasury Bonds for manufactured goods out of China. The opium war still rages, but the suppliers and destinations have changed. The magnitude has changed, but the over-lords are still the same. The banksters operating in plain sight and nobody seems to notice and nobody seems to care.

As you can see silver was flowing out of the West and the Anglo-American Axis were losing all their money to the manufacturing base, which was China. Today the Anglo-American Axis traded the manufacturing base for debt (the USDollar/Treasury Bond) not even money or currency–pure debt. The silver, real money, is long since gone and the Chinese have, basically, been winning the opium war since the 1960′s. Why would this be? Why would the Rothschild’s allow the flow of money out of the West into China? Who controls the Peoples Bank of China and where is all the silver that China procured during the past 150 years? These are questions for the next installment. Talk with you soon.
Jul 21
Jeff Nielson replied to the topic Re: Israel escalates latest Gaza invasion in the forums.
agau121 wrote:
But why? Is it just about oil? Military power? I know you have some thoughts about this, so if you're willing to share them and motivated to write about it, I would be interested to hear it.

Lol AgAu!

I probably should have just skipped that observation; since I'm trying to avoid (unnecessarily) wading into the whole (disinformation) "anti-Semitism" mine-field. Perhaps the best way to respond to this would be to simply re-post a previous commentary.

The Fourth Reich

While the One Bank clearly appears to be a Jewish-dominated entity; obviously the state of Israel is much too small a power-base to support a global empire (with a large fascist/military component). The One Bank needed "muscle", so it hijacked "the World's Only Superpower" -- long before it ever became the "World's Only Superpower".

As noted by the commentators in your own post; the long history of political and media figures kow-towing to Israel, and Israel's "foreign policy agenda" (i.e. Palestinian genocide) is well-established -- and UNIVERSALLY RECOGNIZED within the United States.

Even the legions of Israel-lovers in the U.S. (primarily on the so-called "political right") openly acknowledge that Israel is "the tail that wags the dog". The difference is that those Neo-Cons are totally unapologetic about the U.S.'s role as Israel's "muscle". It's simply presumed/assumed that Israel is ALWAYS RIGHT.

It's certainly not only me who views the mighty USA as "Little Israel". Rather, it is likely THE most "open secret" of the Fourth Reich...

Jul 21
Jeff Nielson replied to the topic Re: Famous Last Words... in the forums.
Earl; I'm not sure that this really fits into the "Famous Last Words" concept, on the other hand, I can't think of any particular niche here on the Forum where this particular post would have naturally fit in.

I think I've mentioned to the Community that I've been getting into yoga more and more seriously over the past few years. Balance work is an integral part of yoga practice. And what you learn through such practice is that balance is only partially a physical feat (i.e. the strength/muscle-tone of our fast-twitch "stabilizer muscles").

An equal component in achieving balance is the mental calm/concentration necessary to achieve the degree of focus necessary for mastering (more and more) difficult feats of balance. In other words, while people may view this demonstration as an impressive but trivial investment of time/effort; that loses sight of the fact that the hours spent mastering the level of concentration necessary to do this has considerable positive/therapeutic value.

On a much more practical level; I urge all of the BBC audience (where most tend to be middle-aged or older) to seriously consider some form of "balance exercises" in your own lives. One of THE primary health risks to aging individuals is the serious harm which can occur when aging individuals (with more-brittle bones) suffer a fall.

Indeed; most-likely every one of us has a family anecdote of at least one (aging) family member who PERMANENTLY became confined to a wheel-chair (or worse) after suffering a serious fall.

The time to bolster our stabilizer-muscles (to dramatically reduce the risk of falling) is not in our 70's or 80's -- after those stabilizer muscles have been allowed to atrophy through lack of use. Rather, do some simple "balance drills" yourselves today (even if it's just something silly/basic like walking along a low ledge).

You can get just as much "balance work" walking along a ledge six inches off the ground as trying to walk along the top of a fence (lol!). And should any neighbours happen to see you (and laugh at you) "playing at" balancing like a small child would, don't let it bother you.

A few minutes a day (regularly) now can add many years of a healthy/active lifestyle later on. Our bodies are amazing machines. Indeed, women in their 90's suffering from acute osteoporosis have been shown to significantly benefit from WEIGHT TRAINING -- because the exercise causes the body to increase BONE DENSITY. This was true even with women who had never exercised in their entire lives.

My "message" (in contrast to Earl's visually stunning clip) is that we don't need to rise some great level of mastery in order to derive HUGE physical/health benefits from various forms of physical improvement.

"Use it or lose it". How's that for some Famous Last Words...???

Jul 21
Jeff Nielson replied to the topic Re: Musical musings... in the forums.
Earl, I think we all get a kick out of seeing our Heroes at a developmental stage of their career-journey. So for me, it wasn't so much a matter of being "wild about skiffle" as it was an insight into the genesis of Led Zeppelin.

Led Zep is a particularly interesting historical study (for music fans) because of the great complexity/diversity in their music, and the STRONG "influences" of other, more well-known musical genres. It's really easy to spot the (heavy) "blues" influence in many of their songs, while others have a significant "jazz" component.

The interesting question which comes from listening to "Jimmy do Skiffle", and then determining how/where this fit into Page's (and ultimately Led Zep's) musical evolution. It could have pushed Page towards blues, or could have pushed him towards jazz, but (in my amateur opinion) "skiffle" seems to be a more-primitive 'ancestor' of rock 'n roll itself.

Skiffle is the "chimp" which eventually evolved into rock 'n roll. Of course, being a musician yourself; you might have a different (and more-expert) opinion on this subject...

P.S. As I think I also remarked when you originally posted the Page "skiffle clip"; note the intellectual curiosity of those young boys. They had a passion for "exploration" of new ideas. In Page's case; that intellectual passion evolved into musical genius.

Clearly the sort of musical genius contained in Led Zep's compositions could have never been produced by the stereotype of the (mentally) "lazy musician" -- which is how many non-rock 'n roll fans view those who produce(d) this music.

Unfortunately with "musicianship" becoming a lost art-form in our society (and quality musical compositions along with it); ironically today the stereotype of the "lazy musician" is applicable -- since there is so little thought (and/or talent) contained in the music.
Jul 21
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Monday July 21st, and naturally one of the topics for discussion for today is Part I of my latest two-part series:

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

Some readers way be wary of a colossal waste of time (lol), given the hypothetical nature of the discussion clearly implied by the title. I address this "concern" within the commentary by pointing out that this discussion hypothesizes sanity -- in an insane world -- and for that reason alone it merits consideration.

This presumes that readers don't prefer living in the current, insane world. In the movie-version of "The Matrix", there were some people who didn't want to take the Red Pill (and leave The Matrix), but instead would rather go back to their (comfortable) fantasy-world.

Presumably, those sorts of people don't come to BBC to begin with (lol!), so I urge readers to invest the time for a journey into sanity. As an aside (and as noted in the commentary), this commentary topic came from a reader question/suggestion.

This used to be a regular source of "inspiration" for new commentary ideas...until the questions/comments/feedback started drying-up around here. So if readers would like to see better/more-interesting commentaries around here, or simply more of them, give me something to work with.

As readers will quickly note within this latest commentary; today's hypothetical doesn't simply back-up to 1971, and when we said good-bye to the last vestiges of a gold standard. Rather, it takes us all the way back to the "purest" days of a gold standard: where we also had/used real money (i.e. gold and silver currency). Here, newer readers might want to read-up on precisely what "good money" really signifies.

What is Money?

I don't want to explain the real significance (at this point) of having societies where both governments and individuals (exclusively) used "honest money" -- without giving away the heart of what will be said in Part II. Instead, I wanted to focus on the real challenge for readers: first imagining a world where commerce involved trading valuable money (i.e. gold and silver currency) for valuable goods (and services).

In that sane world; the question of "how many dollars for this?" has no meaning, because the world "dollar" itself is an utterly meaningless concept. It is merely a LABEL which has been attached to a lie: that worthless scraps of paper (our "money") can somehow have "value" simply because our governments say that the scraps of paper are valuable.

This delusional hypothesis was proven false first with "Tulipmania" 500 years ago, and subsequently with numerous (individual) hyperinflation-episodes. When any currency has been debased to worthlessness (or was simply worthless to begin with); it's exchange-rate WILL fall to zero (or very, very , very close to it) as soon as the Average Person no longer believes that the currency has value.

U.S. Dollar is the new 'Tulip'

Previously, these hyperinflationary crashes involved individual economies (and currencies). But living in a paper world where our "reserve currency" has already been hyperinflated means that we NEED TO REMEMBER the concept of value-for-value, and start to price hard assets in relation to each other -- because our current paper system CAN'T last much longer.

U.S. Hyperinflation and Cultural Insanity

Instead, with anything we wanted to purchase it would be "how many ounces of silver for this?" or "how many ounces of gold for that?" Value for value. Prices are determined not via the crooked manipulation of paper markets, but through real, honest commerce producing the relative values of FREE MARKETS.

Again, just as almost all readers will have no recollections of "honest money" in their entire lifetimes; similarly none will have experienced anything remotely approaching "free markets". Having lived our entire lifetimes with (at very best) quasi-worthless paper currencies, and markets totally dominated (i.e. manipulated) by all that paper, none of us have ever experienced a world of VALUE FOR VALUE.

It's nothing but paper prices for this and paper prices for that, when the paper itself has no value, and thus (by logical necessity) the prices have no meaning...

When Prices Have No Meaning

The point here is that we must stop thinking in terms of "dollars" (at all) and start thinking in terms of value-for-value: how many ounces of silver for that refrigerator? How many ounces of gold for that automobile?

Of greater relevance to investors in the audience: if you're looking for financial advice on where to get the "best value" for your (precious) investor 'dollars' (lol!), you don't need my advice. All you need is a calculator.

While we can't/don't directly price our hard assets in terms of "how many ounces of silver for this?" and "how many ounces of gold for that?" we can do so indirectly -- through converting the bankers' paper-prices into value-for-value prices.

If an ounce of silver is priced at $25 dollars, and a barrel of oil is priced at $100; we know that currently a real price for oil is one barrel of oil for four ounces of silver. At that point; one need simply decide whether they are more influenced by Peak Oil or evaporating silver in deciding whether (at a 4:1 rate of exchange) they would rather hang onto their silver, or swap some of it for oil.

While it's not quite that simple in practical terms; it's still a very useful mental exercise, for two reasons. First of all; it's only by remembering to start pricing the world in terms of value-for-value that we can/will ever return to a world of sanity (rather than a fantasy-world of paper perversion). And it's the only way readers can reacquaint themselves with the concept of relative value -- and once again begin to accurately/realistically assess the (true) "value" of various goods.

As noted at the end of Part I; this is one case where my decision to write a "two-parter" isn't a simple function of the length of the piece, but rather it was a great place for a "mental pause". Before I write (and you read) Part II; I strongly recommend you spend some time visualizing/imagining a SANE WORLD (i.e. a world of value-for-value) -- since all of us have lived all our lives in an insane's just more-insane today.

I was also going to get into a second topic in today's edition: a Bloomberg interview of Marc Faber. However, there is a considerable amount that I want to say about that interview in isolation, and in relation to what I've written in yesterday's commentary. Because it takes a long time (has taken a long time) to describe sanity (to those living in an insane world), I think I'll save my "Marc Faber" discussion for tomorrow's edition of The Grind.

What I will do is provide you all with the Bloomberg link, so that those who are interested can listen to this 5-minute clip with "Dr. Doom" before I chip-in my own thoughts on the contents.

'Dr. Doom' Faber: Stocks in a Bubble, Buy Gold
Jul 21
Jeff Nielson replied to the topic Re: Musical musings... in the forums.
Earl, to me the Bee Gees (along with John Travolta) were the poster-boys for the short-lived "disco craze" of the 1970's. I don't know exactly where you are in the age totem-pole, but for my age-cohort you were either "rock 'n roll" or "disco". Indeed, some knuckle-dragger at a party once wanted to have a fight with me, simply for saying "disco sucks".

So being rabidly anti-disco, it was/is inevitable that I also became Bee Gee-phobic. Before they turned "disco" they seemed to possess some musical talent (lol), so I don't want to attempt to nay-say your own post.

But for me; the Bee Gees are like scratching a chalk-board with a nail...

Jul 19
DayOwl wrote:
Interesting stats:

Scroll down to the table and note how tax receipts have fallen by more than 50% compared to last October. It relates to Jeff's commentary about the drop in gasoline demand nationwide.

DayOwl, I'm no accountant, so it's certainly possible I might have misconstrued something, but I find it hard to draw conclusions of any sort from the data (and chart) on that page. Also note that this entire "crisis" is totally surreal. We're talking about less than $1 BILLION (in the current fiscal year) with a government which claims to take-in over $3 TRILLION per year in revenues.

Thus this crisis represents 0.03% of annual spending. So the mere pretense that this is a "highways crisis" is just more theater from the Puppet Clowns. But that's just the start of this nonsense.

With respect to the chart of the "account balance" of the highway fund over the past four, fiscal years; again this is just accounting chicanery. The account balance was actually at its lowest point back in 2010. Then it suddenly quadrupled in size, representing nothing but more accounting gimmickry. A government which doesn't have any money "transferred" $15 billion or so into the highway fund (lol).

You're right in noting that the balance has eroded between 2010 and 2014, yet in the latest accounting below, we're told that "revenues" are supposedly up 6.6% over the past year. So why is there (suddenly) a "funding crisis"?

Again, this seems like simply more accounting gimmickry. We're told that this gimmick will produce a paper-gain of roughly $600 million per year. However, the reason why the "highways fund" suddenly needs this money "or it will go bust" is because nearly $900 million was transferred out of the highways account, and into the mass-transit account.

Thus not only are the Puppet Clowns making "a mountain of a mole-hill" as they do again and again and again, in order to provide trivial/distracting theater for the Sheep, but the mole-hill itself was artificially created through simply a paper-shuffle from one account to another.

At least that's how I read this...

Jul 19
Jeff Nielson replied to the topic Re: Israel escalates latest Gaza invasion in the forums.
agau121 wrote:
Relevant interview with Glenn Greenwald on Democracy Now this morning about this situation and the MSM coverage of it.

Thanks for the post AgAu.

More and more; the pretense of a "free press" in the Fascist States of America (Little Israel?) vanishes.

It's ironic, because the way that the U.S. government sucks-up to Israel and plays the role of its dutiful lap-dog is nearly identical to how Harper behaves toward the U.S.

Jul 18
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Friday July 16th, and with little in the news today other than more, murderous atrocities, I'm going to refer back to a post on the Forum from Wednesday, and an article by Ellen Brown:

Big Banks being sued for $250 BILLION

I didn't say much about this article with my original post as I knew I would be wanting to cover this news in more detail -- and very possibly in a commentary as well. The importance of this cannot be overstated.

Regular readers around here will recall that I've been saying for years (and writing in commentaries) that "a tidal-wave of litigation" was one of the most-likely "causes of death" for what we now know to be the One Bank. This conclusion is based on a combination of reasons, and since I haven't gotten into these issues for quite a while I'll review all of these arguments now.

To begin with; there is the simple multitude of Victims of the One Bank, and countless $TRILLIONS in losses suffered. This means (in turn) countless $BILLIONS in potential legal fees for the equally rapacious lawyers to sink their fangs into: Sharks versus Blood-Suckers.

Then we have the fact that the Banksters have been immune to any criminal prosecution for decades. There are two important points to make here. First of all, when it comes to "guilt", most criminals always focus on the CRIMINAL STANDARD for guilt: "proof beyond a reasonable doubt".

So not only is the "bar" set very high to convict these Criminals, but the Criminals themselves know that they are protected by the proverbial Friends in High Places. This has given the Criminals a false sense of security -- and made them extremely arrogant/careless.

We see their obvious frauds around us on a daily basis -- with so much evidence lying around that a child could conduct the investigation.(Criminally) no one ever does such "investigating". However, all of that evidence is available to be used in civil law suits, bringing me to the other important factor.

In civil proceedings (in contrast to criminal proceedings) there is a MUCH LOWER BURDEN OF PROOF. The standard is merely "proof on the balance of probabilities". Expressed more simply, the question is simply "is it more likely that the Defendant is guilty or innocent?"

Anyone even looking at these smug Vultures sitting at the Defendants' table is going to consider them "more likely" to have committed virtually any sort of transgression: kicking puppies, stealing candy from babies, knocking the canes out from under the elderly. They are prototypical Villains.

So, assuming the U.S.'s fascist government doesn't simply shut-down its courts (and reveal itself for what it really is), finding these Villains guilty (and liable) for damages to their multitude of Victims would seem to be a slam-dunk. This brings us to the numbers involved.

With my own writing regularly discussing "$trillions", including the observation that the One Bank now has access to $10's of trillions in free money every year; a mere $250 BILLION (lol!) may not seem like a lot of money. But readers need to understand the enormous Catch-22 here.

The only way in which the One Bank has been able to obtain access to such insane/extreme sums of free money is because "nobody" (i.e. none of the Sheep) knows that it is handing itself $10's of trillions in free money each money. Because if people simply knew that much funny-money was being created then we would have instant hyperinflation -- and all the funny-money would immediately become worthless.

Thus the One Bank can never use more than the tiniest fraction of these mountains of free money publicly -- i.e. paying damages in a law suit. The Banksters were able to mooch (publicly) $750 BILLION following the Crash of '08. But that was based upon the mythology that the crash was an accident, and that thus the Banksters were (at least somewhat) "victims" of the Crash.

No one will tolerate "bailing out" Criminals through paying-off $100's of billions in damages to Victims on their behalf. Thus there is no way for the tentacles of the One Bank to be able to produce the money to pay-off the damages for this one law suit, alone -- and still have its mega-trillion dollar money-printing scam survive.

However, as I have also pointed out; lawyers are notorious for swarming once they smell "blood in the water", like good Sharks. With (ultra-powerful) financial icons like Pimco and Blackrock now suing these Big Banks big-time, this will inevitably embolden more Victims to step forward -- and start hiring their own lawyers.

What we have seen over the past five years is precisely what I predicted five years ago: a steady, relentless rise in the number of litigations against these Criminals as well as the size of these litigations. Don't be surprised if the next, big law suit against the One Bank's tentacles uses the "T-word" when making the claim for damages -- especially in some "class action" law suit, where the Defendants pool their losses.

As powerful as the One Bank is; (at the moment) it has no defense against litigations such as this except to try to buy-off judges one at a time. But trials have appeals, and even crooked judges will only "stick their necks out" so far in prostituting themselves on behalf of criminals.

The (very well-connected) Bernie Madoff was eventually found guilty (and thus made into a Scapegoat) because even a crooked judge couldn't have saved him. The evidence was so obvious, so overwhelming, and so public that if any judge had ruled Madoff "innocent", the judge would have simply been replaced (and impeached) -- and a new trial (and new judge) would be scheduled.

I regularly describe the Banksters as "comic-book Villains" because (as any who recall their comic-book reading days can attest) when mega-psychopaths such as these commit their mega-crimes those crimes are always very, very obvious. It is only the enormously thick facade of the Wonderland Matrix which has allowed these psychopaths to continue to commit their mega-crimes -- and in a totally heedless manner.

Now it's time to "pay the Piper"...

Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis

For years, homeowners have been battling Wall Street in an attempt to recover some portion of their massive losses from the housing Ponzi scheme. But progress has been slow, as they have been outgunned and out-spent by the banking titans.

In June, however, the banks may have met their match, as some equally powerful titans strode onto the stage. Investors led by BlackRock, the world’s largest asset manager, and PIMCO, the world’s largest bond-fund manager, have sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for losses surpassing $250 billion. That is the equivalent of one million homeowners with $250,000 in damages suing at one time.

The defendants are the so-called trust banks that oversee payments and enforce terms on more than $2 trillion in residential mortgage securities. They include units of Deutsche Bank AG, U.S. Bank, Wells Fargo, Citigroup, HSBC Holdings PLC, and Bank of New York Mellon Corp. Six nearly identical complaints charge the trust banks with breach of their duty to force lenders and sponsors of the mortgage-backed securities to repurchase defective loans.

Why the investors are only now suing is complicated, but it involves a recent court decision on the statute of limitations. Why the trust banks failed to sue the lenders evidently involves the cozy relationship between lenders and trustees. The trustees also securitized loans in pools where they were not trustees. If they had started filing suit demanding repurchases, they might wind up suedon other deals in retaliation. Better to ignore the repurchase provisions of the pooling and servicing agreements and let the investors take the losses—better, at least, until they sued.

Beyond the legal issues are the implications for the solvency of the banking system itself. Can even the largest banks withstand a $250 billion iceberg? The sum is more than 40 times the $6 billion “London Whale” that shook JPMorganChase to its foundations...
Jul 18


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