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"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance. "
James Madison
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Yesterday
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

www.kitco.com/news/2014-07-22/Bank-Exodu...ted-Impact-Seen.html

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

www.kitco.com/news/2014-07-22/Bank-Exodu...ted-Impact-Seen.html

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

www.kitco.com/news/2014-07-23/The-UN-War...ath-Toll-Climbs.html

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
2 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':

...it 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 TheStreet.com.

"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

www.bloomberg.com/video/marc-faber-says-...dSOKSj184n5PPag.html
05:35 PM
3 days 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

thedailycoin.org/?p=3611

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.
07:39 PM
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...

12:57 PM
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...???

12:45 PM
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.
12:25 PM
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 world...it'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

www.bloomberg.com/video/marc-faber-says-...dSOKSj184n5PPag.html
11:18 AM
5 days ago
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...

04:19 PM
DayOwl wrote:
Interesting stats:

www.fhwa.dot.gov/highwaytrustfund/

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...

04:04 PM
6 days ago
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.

www.democracynow.org/2014/7/18/glenn_greenwald_why_did_nbc_pull



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.

04:37 PM
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

ellenbrown.com/2014/07/16/did-the-other-...lion/comment-page-1/

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...
10:46 AM
Jeff Nielson created a new topic Isral escalates latest Gaza invasion in the forums.
Israeli war-crimes against the Palestinian people have once again reached the atrocity-level. Hundreds of Palestinians have been slaughtered in the latest Israeli invasion of the (occupied) Palestinian territories.

For any who still actually take seriously Israeli propaganda: open your eyes! We're told by Israel that the "justification" for the latest invasion/war-crimes is that the Palestinians (supposedly) continue "firing rockets" toward Israel.

However, ALL of these so-called rocket-attacks are perpetrated by Israel (as false-flag attacks). We know this because these "hundreds of rocket attacks" NEVER HIT ANYONE OR ANYTHING. They are simply a phony-pretext for Israel to ramp-up its slow-genocide of the Palestinian people to a more-rapid form of human extermination.

This is a pattern which has gone on for two decades. For two decades; Palestinians have supposedly been "firing rockets" at Israeli towns/cities. For two decades; they haven't hit anything. Presumably if anyone had been firing rockets at particular targets for 20 years, they would have acquired the expertise to actually hit something.

When will people see-through this pathetically transparent facade, and see Israel as the murderous, fascist regime that it really is...???


Netanyahu Orders Military to Ready Wider Gaza Incursion


www.bloomberg.com/news/2014-07-17/israel...as-rockets-fire.html

Israeli Prime Minister Benjamin Netanyahu said he ordered the military to prepare to widen a ground operation against Palestinian militants in the Gaza Strip which began after days of aerial bombardment.

Israeli soldiers, backed by tanks, heavy artillery, aircraft and warships, moved into the Hamas-controlled enclave late yesterday after 2,100 air strikes over 10 days failed to quash barrages of rockets fired from Gaza at Israel. Gaza fighters also infiltrated Israel by sea and through what Israel says is a network of tunnels dug under the border...



Ground Operation In Gaza Kills 18 Palestinians, Israeli Soldier

www.kitco.com/news/2014-07-18/Ground-Ope...Israeli-Soldier.html

At least 18 Palestinians and an Israeli soldier were killed as Israel launched a ground offensive on the Gaza strip with the backing of aerial and naval artillery fire.

The invasion came late Thursday after ten days of massive Israeli air and naval bombardments aimed at stopping rocket attacks from Gaza, which claimed the lives of more than 250 Palestinians and wounded nearly 2,000, mostly civilians.

Israeli officials said the ground offensive was not aimed at overthrowing the islamist Hamas Palestinian movement which governs Gaza but at destroying rocket launchers and the network of underground tunnels used by Palestinian militants to infiltrate Israel .

The Israeli Defense Forces (IDF) said a 20-year-old soldier had died and two others were wounded, one of them critically, in the northern city of Beit Hanoun amid clashes overnight at the start of the operation.

Israeli Channel 10 reported that an investigation was underway to determine whether the soldier was killed in friendly fire.

Palestinian medical sources told Efe at least 18 Palestinian civilians, including a two-year-old child, were killed during the Israeli ground onslaught...
09:07 AM
1 week ago
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Thursday July 17th, and (in my eyes) the important (bullion) news of the day came out of India, particularly once we read-between-the-lines. I covered this topic in an earlier post this morning, unfortunately I got so focused on that original post that I "stole my own thunder". I said everything in that post that I had intended to put into today's edition of The Grind.

However, not being too-proud-to-paste (lol), here is that earlier post in its entirety:


An interesting factoid of information emerged today, and (assuming it's reliable) it muddies the water in some areas while shedding a little light in others.

First of all; we're told that Indian gold imports "rose 65% year-on-year last month to $3.12 billion". There are two notable points here. First of all, the first statistic is simply bankster propaganda, since June of last year was when India's government first began blocking gold imports. It's degree of suppression has fluctuated considerably in the months in between (at one point there was a near-total embargo), so month-versus-month comparisons of this nature are totally meaningless.

But also note the second part of the statistic: India's gold imports are expressed in dollar terms, not tonnages. We're told (by the Liars) that "the government doesn’t publish tonnage data". This is, of course, a half-truth (at best).

As we all know; the Indian government used to account for its gold imports in tonnages, since that's what I (and other commentators) were reporting -- right up until the One Bank blackmailed India's government into blocking gold imports. So now India's government has switched from reporting gold imports in tonnages to reporting them in dollar terms. Why?

Again, the Liars tip of off with their half-truths:

...UBS estimates this
[$3.12 billion] to be around 74 metric tons, based on the average gold price for the month.

By only expressing its gold imports in dollar terms rather than tonnages it makes it more difficult for those outside the country from knowing precisely how much gold is being brought into the country. Now which "outsiders" do you think the Indian government is trying to (partially) hide those tonnages from?



For those readers who are still fuzzy on the whole "One Bank blackmail" concept with respect to restrictions on Indian gold imports (since it's somewhat complicated) let me explain it again. We're told (by the Liars) that Indian gold imports were greatly worsening India's "current account deficit" -- which is essentially a currency deficit.

The problem with this lie is that in all international transactions gold is treated as a currency. This is why India's government is required to report its gold imports in the first place, because currency laws require this. So (as a matter of simple logic/economics) it's impossible to create a currency deficit by importing a currency.

In reality, India's serious current account deficit was created when the banksters took down the rupee in global currency markets, even before they attacked the currencies of all the other "Emerging Market" nations. Because India conducts its trade in USD's, when the value of the rupee (versus the dollar) plunged this decreased the value of currency inside the country versus currency outside the country, thus resulting in a currency ("current account") deficit (a somewhat simplified explanation of the economic dynamics).

So what we really see here when we sift through the lies is that India's new government doesn't like the One Bank's blackmail game any more than India's old government did, and so it's doing its best to conceal its gold import numbers from the One Bank. This also likely means it will do its best to suppress the reporting of gold smuggling into India, to further cloud the situation.

Unfortunately the real Victim here is me. Lol!! This cat-and-mouse game between the One Bank and India's government has resulted in even less reliable data being available on which to try to partially gauge what's really transpiring in the global gold market.

Now, unless/until the One Bank simply backs off (unlikely); we will never be able to obtain reliable numbers from India's government on precisely how much gold is being brought into the world's largest gold market. All we know is that (despite the imports) it's still enough to seriously concern the One Bank.

We know this because of the announcement that India's government is now backing-away from further liberalizing gold-import rules, after months of assuring the market that this was essentially a done-deal. Since it was never the Indian government's idea to block gold imports in the first place, clearly what has happened here is that the Banksters have given new orders to keep current restrictions in place.

This also means (apparently) that the One Bank is not as concerned by the explosion in India's silver imports as it previously appeared. Why did the Banksters flip-flop on the gold restrictions, and start allowing gold to be imported into India again at the beginning of this year? Because last year Indian silver imports hit a new, all-time record.

Thus the One Bank now appears to be equally concerned about the gold and silver market. Unfortunately (by itself) that doesn't tell us much. It could be VERY concerned about both markets, or (highly unlikely) only slightly concerned about either.

My assumption is that the concern-level is very high, to the point that it is now resigned to a near-term implosion in one or both markets. That was the hypothesis of my recent commentary:

Silver: The Irresistible Force

As I reasoned previously; this constant flip-flopping with respect to the degree which it suppresses gold versus the degree it suppresses silver does not suggest some all-powerful force, firmly in control of the situation. If it had "firm control" there would be no need for such constant tinkering. It would simply put a long-term strategy in place, and then allow that to play out.

When we see an entity constantly fiddling with its tactics (short-term behavior), this suggests DESPERATION. It is the behavior of the Cornered Rat.




Indian Gold Imports Jump, Could Thwart Hopes For Relaxation Of Restrictions

www.kitco.com/news/2014-07-17/KitcoNewsM...Nuggets-July-17.html

A jump in India’s gold imports during June could deter the government from lifting import restrictions, some analysts say. Government data show gold imports rose 65% year-on-year last month to $3.12 billion. While the government doesn’t publish tonnage data, UBS estimates this to be around 74 metric tons, based on the average gold price for the month. This would be the highest monthly inflow for the year so far, the bank says. The country’s trade deficit, meanwhile, hit an 11-month high. Indian authorities last year imposed restrictions to combat a large current account deficit, and there had been hopes they might start relaxing the rules. However, since authorities have often cited bullion imports as a key cause of a ballooning trade deficit, “the widening of the deficit in June does not offer a compelling reason for the RBI (Reserve Bank of India) to ease restrictions on the gold trade, in our view,” says HSBC. UBS says that “rising gold Indian imports in the months ahead -- pressuring the current account deficit -- could result in a change of strategy from the RBI and the government, from one of gold import easing to further import restrictions.”
Jul 17
An interesting factoid of information emerged today, and (assuming it's reliable) it muddies the water in some areas while shedding a little light in others.

First of all; we're told that Indian gold imports "rose 65% year-on-year last month to $3.12 billion". There are two notable points here. First of all, the first statistic is simply bankster propaganda, since June of last year was when India's government first began blocking gold imports. It's degree of suppression has fluctuated considerably in the months in between (at one point there was a near-total embargo), so month-versus-month comparisons of this nature are totally meaningless.

But also note the second part of the statistic: India's gold imports are expressed in dollar terms, not tonnages. We're told (by the Liars) that "the government doesn’t publish tonnage data". This is, of course, a half-truth (at best).

As we all know; the Indian government used to account for its gold imports in tonnages, since that's what I (and other commentators) were reporting -- right up until the One Bank blackmailed India's government into blocking gold imports. So now India's government has switched from reporting gold imports in tonnages to reporting them in dollar terms. Why?

Again, the Liars tip of off with their half-truths:

...UBS estimates this
[$3.12 billion] to be around 74 metric tons, based on the average gold price for the month.

By only expressing its gold imports in dollar terms rather than tonnages it makes it more difficult for those outside the country from knowing precisely how much gold is being brought into the country. Now which "outsiders" do you think the Indian government is trying to (partially) hide those tonnages from?



For those readers who are still fuzzy on the whole "One Bank blackmail" concept with respect to restrictions on Indian gold imports (since it's somewhat complicated) let me explain it again. We're told (by the Liars) that Indian gold imports were greatly worsening India's "current account deficit" -- which is essentially a currency deficit.

The problem with this lie is that in all international transactions gold is treated as a currency. This is why India's government is required to report its gold imports in the first place, because currency laws require this. So (as a matter of simple logic/economics) it's impossible to create a currency deficit by importing a currency.

In reality, India's serious current account deficit was created when the banksters took down the rupee in global currency markets, even before they attacked the currencies of all the other "Emerging Market" nations. Because India conducts its trade in USD's, when the value of the rupee (versus the dollar) plunged this decreased the value of currency inside the country versus currency outside the country, thus resulting in a currency ("current account") deficit.

So what we really see here when we sift through the lies is that India's new government doesn't like the One Bank's blackmail game any more than India's old government did, and so it's doing its best to conceal its gold import numbers from the One Bank. This also likely means it will do its best to suppress the reporting of gold smuggling into India, to further cloud the situation.

Unfortunately the real Victim here is me. Lol!! This cat-and-mouse game between the One Bank and India's government has resulted in even less reliable data being available on which to try to partially gauge what's really transpiring in the global gold market.

Now, unless/until the One Bank simply backs off (unlikely); we will never be able to obtain reliable numbers from India's government on precisely how much gold is being brought into the world's largest gold market. All we know is that (despite the imports) it's still enough to seriously concern the One Bank.

We know this because of the announcement that India's government is now backing-away from further liberalizing gold-import rules, after months of assuring the market that this was essentially a done-deal. Since it was never the Indian government's idea to block gold imports in the first place, clearly what has happened here is that the Banksters have given new orders to keep current restrictions in place.

This also means (apparently) that the One Bank is not as concerned by the explosion in India's silver imports as it previously appeared. Why did the Banksters flip-flop on the gold restrictions, and start allowing gold to be imported again at the beginning of this year? Because last year Indian silver imports hit a new, all-time record.

Thus the One Bank now appears to be equally concerned about the gold and silver market. Unfortunately (by itself) that doesn't tell us much. It could be VERY concerned about both markets, or (highly unlikely) only slightly concerned about them.

My assumption is that the concern-level is very high, to the point that it is now resigned to a near-term implosion in one or both markets. That was the hypothesis of my recent commentary:

Silver: The Irresistible Force

As I reasoned previously; this constant flip-flopping with respect to the degree which it suppresses gold versus the degree it suppresses silver does not suggest some all-powerful force, firmly in control of the situation. If it had "firm control" there would be no need for such constant tinkering. It would simply put a long-term strategy in place, and then allow that to play out.

When we see an entity constantly fiddling with its tactics (short-term behavior), this suggests DESPERATION. It is the behavior of the Cornered Rat.




Indian Gold Imports Jump, Could Thwart Hopes For Relaxation Of Restrictions

www.kitco.com/news/2014-07-17/KitcoNewsM...Nuggets-July-17.html

A jump in India’s gold imports during June could deter the government from lifting import restrictions, some analysts say. Government data show gold imports rose 65% year-on-year last month to $3.12 billion. While the government doesn’t publish tonnage data, UBS estimates this to be around 74 metric tons, based on the average gold price for the month. This would be the highest monthly inflow for the year so far, the bank says. The country’s trade deficit, meanwhile, hit an 11-month high. Indian authorities last year imposed restrictions to combat a large current account deficit, and there had been hopes they might start relaxing the rules. However, since authorities have often cited bullion imports as a key cause of a ballooning trade deficit, “the widening of the deficit in June does not offer a compelling reason for the RBI (Reserve Bank of India) to ease restrictions on the gold trade, in our view,” says HSBC. UBS says that “rising gold Indian imports in the months ahead -- pressuring the current account deficit -- could result in a change of strategy from the RBI and the government, from one of gold import easing to further import restrictions.”
Jul 17
Jeff Nielson created a new topic Big Banks being sued for $250 BILLION in the forums.
Regulars around here will know that I don't say "nice things" about a lot of other commentators these days. However, one exception to that critical demeanor is Ellen Brown. You won't hear her prattling on about trivial price-action in our Hostage Markets, and you will regularly see her uncover useful/important "stories" -- and present those subjects with considerable expertise.

True to form; Brown has dropped another bombshell: news that Pimco and Blackrock, two large financial institutions/funds which have always been at least somewhat allied/aligned with the One Bank are now SUING ITS TENTACLES for $250 BILLION in financial damages for "breach of fiduciary trust".

This prompted Brown's somewhat long/awkward, but very relevant rhetorical title for her article:

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

Recall what I've written here on countless occasions about the U.S. housing market (and the infinite number of "skeletons in the closet"). The One Bank was able to get all of the U.S. lackey-politicians to agree to sweep 10's of MILLIONS of acts of fraud under the carpet.

However, it was/is impossible to immunize these ultra-criminal Big Banks from civil liability -- i.e. being sued by PRIVATE entities. And as I've also frequently observed; death-by-litigation was always one of the most likely ways in which the One Bank would be put out of our misery.

There are near-infinite $TRILLIONS in assorted acts of financial malfeasance just waiting for some "enterprising" (i.e. greedy) lawyers to file the claims -- and they sink their own rapacious fangs into the soft, unprotected under-belly of the One Bank.

The optics here are delicious...



Of course this presumes two things. It presumes that Blackrock/Pimco won't be either bought-off or bullied/blackmailed into dropping their suit. It also assumes that the ultra-fascist U.S. government won't simply put an end to the semblance of legitimacy in the U.S. civil justice system.

It's criminal "justice" system is already a complete joke; where OFFICIALLY the supposed "cops" have promised never to prosecute the One Bank for any of its mega-crimes.

Too-Big-To-Fail (Now) = Too Big To Jail

However, the endless list of financial Victims of those mega-crimes have both the strong motive and the means (at least for now) to exact some degree of (expensive) vengeance against the One Bank: by suing it. It will be very interesting to see how this legal drama unfolds...


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

ellenbrown.com/2014/07/16/did-the-other-...lion/comment-page-1/

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 16
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Wednesday July 16th, and this time I'm posting today's edition of The Daily Grind in the correct location (d'oh!).

Already I remember why I felt the need to take a break recently. Lol! Just look at the daily price action in the gold market from Basher Central, and it will become immediately apparent why I coined the term "Hostage Markets":




Dead. Western money-printing is at a scale never before see. Our economies lurch towards outright bankruptcy. More currently; there is chaos in both Ukraine and Iraq, which (in turn) creates tremendous uncertainty in the global crude oil market -- and thus significant uncertainty in the global economy itself.

Yet we look at the gold market, the BAROMETER of economic/geopolitical uncertainty (in any shape or form) and we see a broken gauge. Hostage Markets. Now look at the silver market:



While the overall movement is relatively more erratic, the net effect is the same: prices going nowhere. However, note the other peculiarity in the silver chart, the very jagged but extremely regular pattern in the silver trading -- far too regular to be the product of human decision-making.

Rather, 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.

Note also (as we see with the price-action in bullion markets) that these patterns don't tend to persist for very long before a new (temporary but regular) pattern emerges. This reflects the fact that the One Bank must regularly 'recalibrate' its master trading algorithm -- to reflect the actual changes taking place in the real world (where things continue to change rapidly).

In other words; in order to create the illusion of "stability" in our markets -- in a chaotic world, with disintegrating economies in the West -- it requires constant tinkering with the master algorithm. This is one of the reasons why all the world's markets now have electronic, trading "circuit-breakers" in place, to halt all trading when the One Bank's master algorithm runs amok, because of some unforeseen 'glitch' in the updated version of the algorithm.

In this respect; we can think of the One Bank's master trading algorithm as being quite similar to the "operating system" on our PC. Whether running Windows (or a competitor); the program requires regular updating in order to deal with (primarily) the continually evolving 'world' of cyberspace.

Of course there the metaphor quickly ends. Our operating system is a neutral (if not benign) tool, enabling our computers to do all sorts of wonderful things at our command. 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


Via manipulating the credit-default swap market, and thus manipulating any interest rate, and thus manipulating any debt market; the One Bank literally destroyed the economy of Greece, bringing that government and entire nation to its knees. It nearly destroyed the economies of Portugal, Spain, and several other particularly economically vulnerable nations to "send a message", and turn the governments of Europe into the pathetic (and traitorous) lackeys we see today.

When the One Bank found it impossible to sell the lie of "tapering" in the U.S. -- without catastrophic consequences on the crippled U.S. economy -- it turned loose its master algorithm on the currency markets of all the nations outside the Western bloc.

It "crashed" those currencies, thus creating instant "stagflation" (if not crisis) in all of these other economies. The Liars in the Corporate Media called this "the Emerging Market crisis". Except they never explained how/why all of the healthier economies of the Rest of the World were having an economic "crisis" -- while the corrupt/dying economies of the Western bloc continued to "party like it's 1999".

Then the One Bank's Fed-lackeys announced "tapering" a second time. With all the other world's nations/economies in shambles; the U.S.'s Ponzi-scheme Treasury market didn't even teeter the second time they announced this lie.

Falling Emerging Market Currencies Prove Dollar-Fraud



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...
Jul 16
Jeff Nielson created a new topic HALF the Truth about "a college education" in the forums.
One subject which has been brought up on the Forum occasionally by myself and other posters is the massive scam (and massive propaganda campaign by the Corporate media) to brainwash the Drones into thinking they all needed college/university educations -- in order to "make it" in the West's crippled economies, with their ultra-high "structural" (i.e. permanent) unemployment.

Of course this was all a lie, a lie for the specific purpose of burying young people in debt so that they would be making INTEREST PAYMENTS (to the One Bank) for decades to come once they graduated...assuming they managed to make any money at all. Debt Slaves.

Of course you won't get that half of the Truth in the Bloomberg article below (naturally). But as is often the case; if you sift-through the half-truths of the propaganda machine you will often uncover useful pieces of information -- since they have a thousand times the "research resources" of humble commentators such as myself (lol).

In this case; here's an ugly truth which does 'leak' out:

While unemployment among recent college grads is 8.5 percent, according to the Economic Policy Institute, if you dig into the numbers you’ll find that 46 percent of them consider themselves “mal-employed.” Translation: They’re working largely in retail and entry-level hospitality, jobs that do not require their college degree.

While the Bloomberg drone claims to have "translated" this data for the benefit of readers, let me do a better job. Of those college/university grads who do find employment (and the "8.5%" unemployment rate is just another phony number); nearly half of those people acknowledge that their degree was a waste of time, effort, and (mostly) MONEY -- $10's of thousands in unnecessary debt, with some student debt-addicts topping six figures in debt.

In other words, when we take the real number of unemployed college/university grads, and add that number to the "46%" of college grads working at McDonalds or WalMart, we get a total of wasted educations approaching 2/3rds.



Put another way; only a little more than 1/3rd of all college/university grads are able to put their educations to productive use, an utterly appalling statistic of wasted resources. Meanwhile, as noted in the Bloomberg article (and as is common knowledge) there is a significant LACK of "skilled tradesmen" in our societies/economies, one of the ONLY (genuine) areas of "employment opportunities" in our economies -- other than working in health-care, or working as a Thug or Spy for our governments.

Tell your children (or grandchildren) to "learn a trade". Not only will that provide them with realistic opportunities for QUALITY future employment in the near term, but if (when) our societies really fall apart, then we will REALLY need people such as these -- with useful skills that can help to rebuild our economies/societies.




Let's Start Telling Young People the Whole Truth About College

www.businessweek.com/articles/2014-07-16...t-for-everyone#r=rss

The idea that college is appropriate—essential, even—for all Americans is a myth. We’ve been told there are no decent jobs without a college education. While unemployment among recent college grads is 8.5 percent, according to the Economic Policy Institute, if you dig into the numbers you’ll find that 46 percent of them consider themselves “mal-employed.” Translation: They’re working largely in retail and entry-level hospitality, jobs that do not require their college degree.

One folktale that’s been spun from this is that you’ll never earn a living wage unless you have a college degree. This is patently untrue. Our trade professions are clamoring for quality employees to keep up with the demands of a recovering economy. “The homebuilding industry faces a chronic shortage of skilled workers,” laments Jerry Howard, chief executive of the National Association of Home Builders. In many professions, workers can earn as much or more than someone with a degree in marketing or advertising.

The mythology we’ve constructed around a college education does our young people a disservice by narrowing their options. In high school, we reflexively steer them toward continuing their education without much discussion of the financially and intellectually rewarding careers in challenging fields that require intelligent responses to complex problems, but not necessarily a college degree...
Jul 16
Jeff Nielson replied to the topic Re: Musical musings... in the forums.
I don't think anyone has posted any "Midnight Oil" before now. Not only did this band from Down Under produce some great music, but they're definitely a group with a "message" -- one that is familiar around here.

Here's a double-shot:





Beds Are Burning

Out where the river broke
The blood wood and the desert oak
Holden wrecks and boiling diesels
Steam in forty five degrees

The time has come
To say fair's fair
To pay the rent
To pay our share

The time has come
A fact's a fact
It belongs to them
Let's give it back

How can we dance when our earth is turning?
How do we sleep while our beds are burning?
How can we dance when our earth is turning?
How do we sleep while our beds are burning?

The time has come
To say fair's fair
To pay the rent, now
To pay our share

Four wheels scare the cockatoos
From Kintore East to Yuendemu
The western desert lives and breathes
In forty five degrees

The time has come
To say fair's fair
To pay the rent
To pay our share

The time has come
A fact's a fact
It belongs to them
Let's give it back

How can we dance when our earth is turning?
How do we sleep while our beds are burning?
How can we dance when our earth is turning?
How do we sleep while our beds are burning?

The time has come
To say fair's fair
To pay the rent, now
To pay our share

The time has come
A fact's a fact
It belongs to them
We're gonna give it back

How can we dance when our earth is turning?
How do we sleep while our beds are burning...?






Blue Sky Mine


Hey, hey hey hey, there'll be food on the table tonight
Hey, hey, hey hey, there'll be pay in your pocket tonight

My gut is wrenched out it is crunched up and broken
A life that is led is no more than a token
Who'll strike the flint upon the stone and tell me why

If I yell out at night there's a reply of bruised silence
The screen is no comfort, I can't speak my sentence
They blew the lights at heaven's gate and I don't know why

But if I work all day at the blue sky mine
(There'll be food on the table tonight)
Still I walk up and down on the blue sky mine
(There'll be pay in your pocket tonight)

The candy store paupers lie to the share holders
They're crossing their fingers, they pay the truth makers
The balance sheet is breaking up the sky

So I'm caught at the junction, still waiting for medicine
The sweat of my brow keeps on feeding the engine
Hope the crumbs in my pocket can keep me for another night

And if the blue sky mining company, won't come to my rescue
If the sugar refining company won't save me, who's gonna save me?
Who's gonna save me? Who's gonna save me?

But if I work all day at the blue sky mine
(There'll be food on the table tonight)
And if I walk up and down on the blue sky mine
(There'll be pay in your pocket tonight)

And some have sailed from a distant shore
And the company takes what the company wants
And nothing's as precious, as a hole in the ground

Who's gonna save me? Who's gonna save me?
I pray that sense and reason brings us in
(Who's gonna save me? Who's gonna save me?)

We've got nothing to fear
In the end the rain comes down, in the end the rain comes down
Washes clean, the streets of a blue sky town
Jul 16
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money in the forums.
It's Wednesday July 16th, and already I remember why I felt the need to take a break recently. Lol! Just look at the daily price action in the gold market from Basher Central, and it will become immediately apparent why I coined the term "Hostage Markets":




Dead. Western money-printing is at a scale never before see. Our economies lurch towards outright bankruptcy. More currently; there is chaos in both Ukraine and Iraq, which (in turn) creates tremendous uncertainty in the global crude oil market -- and thus significant uncertainty in the global economy itself.

Yet we look at the gold market, the BAROMETER of economic/geopolitical uncertainty (in any shape or form) and we see a broken gauge. Hostage Markets. Now look at the silver market:



While the overall movement is relatively more erratic, the net effect is the same: prices going nowhere. However, note the other peculiarity in the silver chart, the very jagged but extremely regular pattern in the silver trading -- far too regular to be the product of human decision-making.

Rather, 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.

Note also (as we see with the price-action in bullion markets) that these patterns don't tend to persist for very long before a new (temporary but regular) pattern emerges. This reflects the fact that the One Bank must regularly 'recalibrate' its master trading algorithm -- to reflect the actual changes taking place in the real world (where things continue to change rapidly).

In other words; in order to create the illusion of "stability" in our markets -- in a chaotic world, with disintegrating economies in the West -- it requires constant tinkering with the master algorithm. This is one of the reason why all the world's markets now have electronic, trading "circuit-breakers" in place, to halt all trading when the One Bank's master algorithm runs amok, because of some unforeseen 'glitch' in the updated version of the algorithm.

In this respect; we can think of the One Bank's master trading algorithm as being quite similar to the "operating system" on our PC. Whether running Windows (or a competitor); the program requires regular updating in order to deal with (primarily) the continually evolving 'world' of cyberspace.

Of course there the metaphor quickly ends. Our operating system is a neutral (if not benign) tool, enabling our computers to do all sorts of wonderful things at our command. 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


Via manipulating the credit-default swap market, and thus manipulating any interest rate, and thus manipulating any debt market; the One Bank literally destroyed the economy of Greece, bringing that government and entire nation to its knees. It nearly destroyed the economies of Portugal, Spain, and several other particularly economically vulnerable nations to "send a message", and turn the governments of Europe into the pathetic (and traitorous) lackeys we see today.

When the One Bank found it impossible to sell the lie of "tapering" in the U.S. -- without catastrophic consequences on the crippled U.S. economy -- it turned loose its master algorithm on the currency markets of all the nations outside the Western bloc.

It "crashed" those currencies, thus creating instant "stagflation" (if not crisis) in all of these other economies. The Liars in the Corporate Media called this "the Emerging Market crisis". Except they never explained how/why all of the healthier economies of the Rest of the World were having an economic "crisis" -- while the corrupt/dying economies of the Western bloc continued to "party like it's 1999".

Then the One Bank's Fed-lackeys announced "tapering" a second time. With all the other world's nations/economies in shambles; the U.S.'s Ponzi-scheme Treasury market didn't even teeter the second time they announced this lie.

Falling Emerging Market Currencies Prove Dollar-Fraud



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...
Jul 16
Here's my latest for Sprott Money news, doing something which I should have done several months ago: defining the Wonderland Matrix. Yes, regular readers here certainly understand the general concept. However, as the architect of this label; it means something quite specific in my own mind.

Thus proper analysis (and communication) requires sharing those parameters, so that as I use the term "Wonderland Matrix" again and again in the future (because it ain't going away) we will all be on the same page in terms of what that means...




The Wonderland Matrix

www.sprottmoney.com/news/the-wonderland-...on-sprott-money-news

One of the principal traits of sound analysis is that it begins with “definition of terms”. It is only minimally productive (if not totally pointless) to attempt to analyze a particular subject matter without first explaining/defining that subject matter. Thus one of the Cardinal Sins of sound analysis is the failure of an analyst to start at the beginning...
Jul 16
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Tuesday July 15th, and a late edition of The Grind as I finished a new commentary this morning and then was otherwise occupied until now.

Because it's a later edition, and because yesterday's edition of The Grind was rather long; I'll keep things short-and-sweet today. While the subject matter of today's commentary (on the decline of the banksters' bullion-ETF's) was somewhat involved, the underlying message is more easily summarized.

Things are changing (for the better) in the world of precious metals. It's just impossible to perceive much of this change due to the phony prices, phony "statistics", and perverse reporting on this sector by the Corporate media.

The bullion-ETF's were one of the One Bank's primary tools in their shorting-and-manipulation operations of both the gold and silver markets. Now their beloved gold bullion-ETF's are all but dead, with the only question being is there anyone (other than the banksters themselves) still holding units of GLD?

The End of the Paper-Gold Market?

As noted in the commentary; the silver bullion-ETF scam remains intact (for now), but with the gold-ETF's already abandoned, one must suspect that time is running out for this scam as well.

Looked at in the Big Picture; what we see is simply one more indication of how these financial psychopaths destroy their own frauds, either through taking the fraud to an excessive extreme, or (in the case of the bullion-ETF's) when one of their new frauds (the "bail-in") inadvertently torpedoes an old one (the gold bullion-ETF's).

Not mentioned recently is how the banksters have annihilated much of their own sector. In the previous decade (until the Crash of '08); the banksters still generated lots of ill-gotten gains through assorted frauds in the banking sector. Now virtually all that is left of their "sector" is money-laundering, and their serial manipulation-and-destruction of the world's markets.

Most of their "banking" business is now even more defunct than the gold bullion-ETF's. Again, this has been something I've preached around here from the beginning. While it would be nice if the Sheeple would rise up on their own and depose our Traitor Governments, as a necessary prerequisite to smashing the One Bank into little pieces.

It likely won't happen. But even if it doesn't; the Psychopaths will destroy themselves. That's almost as much of a "constant" in History as their stealing...
Jul 15
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Monday July 14th, and time for me to climb back into the saddle here on The Grind. One of the benefits of taking a pause like this is that it provides the opportunity to renew or refresh our perspective. Why was I (we?) viewing the world in a particular way? Should I continue to view (and describe) the world in this manner, or do I need to refine The Message here?

In the case of my work; currently this principally revolves around describing the Wonderland Matrix (and our Hostage Markets), identifying any changes I see in this paradigm, and then evaluating the conditions necessary for this crime/fantasy paradigm to come to an end. Conveniently, a comment on my most-recent commentary illustrates the difficulties of reporting on this paradigm.

It seems that these 'Games' can just go on for ever. Investors in gold and silver have lost heart over the past three years, and that is part of the game. Some people, particularly on sites like Zerohedge, almost seem to be willing a collapse of the system, but I think we will all suffer terribly if and when it happens.
We need the fractional reserve element of paper gold and silver to be unwound and for the metals to find their real value. We also need some major sovereign defaults or Jubilees, but that's not going to happen because politicians have too much to lose and they can't stop promising things and borrowing. Bankers and most economists need to keep taking from the system, so they are not going to propose changes...

I see three, key points which require a detailed response:

1) The Wonderland Matrix appears to possess both permanence and stability, and (coupled with the last three 3+ years of Hostage Markets), this has severely discouraged readers/investors -- if not brought on a state of near-despair.

2) "...sites like Zerohedge [and BBC] almost seem to be willing a collapse of the system, but I think we will all suffer terribly if and when it happens."

3) "We also need some major sovereign defaults or Jubilees, but that's not going to happen because politicians have too much to lose..."

All three of these factors present different problems and challenges either for me as the analyst here, and/or for you as readers (and simply people trying to survive the End of Days of this current crime paradigm). I'll address them in order.

Why do I spend so much time reporting any signs of weakness/crisis in the Wonderland Matrix, and (conversely) so little time discussing the Hostage Markets of the bankers? Let me deal with the second half of this rhetorical question first, by simply looking at today's daily insanity.

A trip to Basher Central today reveals that the Chicken Littles there are bemoaning "heavy" declines in the price of gold and silver. The price of gold is a little more than 2% lower today; the price of silver is nearly 3% lower. But as I remind (and demonstrate to) readers on a regular basis; in order for the One Bank's paper-fraud markets (and prices) to acquire any legitimacy we would need to see the price of gold instantly correct (upward) by about 500% and the price of silver would need to correct by at least 1000%.

Compared to those real-world estimates; the moves in price today in our Hostage Markets are nothing but trivial noise, and thus any reporting on that noise is also trivial and irrelevant. The paradox here is that if I take the time to regularly rebut this ludicrous noise then I (inadvertently) give credence to the noise, by treating it as being worthy of rebuttal.

Here I'll flash back to an older commentary which was really the first to begin to capture the essence of our Hostage Markets:

When Prices Have No Meaning

The prices of these Hostage Markets are literally meaningless (accept as a current exchange rate between paper and metal -- to our advantage). Thus treating them as serious numbers simply embraces and reinforces the Wonderland Matrix. I become a tool of the One Bank's brainwashing, and I refuse to go down that road.

Instead, I spend my time picking away at the biggest flaws and weaknesses of the Wonderland Matrix (and the lies which attempt to cover them up). I do this to provide reality-checks, so that I/we can maintain contact with the real world. And I do this because (as Norbull pointed out) we need the current System to collapse before anything better can evolve out of the rubble.

The One Road To End Precious Metals Corruption

But this, too, creates a problem, bringing me to the second of the three points above: that I, and other sites like ZeroHedge, and you(?) are "willing" the current system to collapse. The optics here are terrible. It makes it appear (to the Sheep) that we precious metals holders are, ironically, Vultures (like the bankers) looking to PROFIT FROM COLLAPSE (as our precious metals rise in value).

Good Money and The Fall of Bankers

This is why I spend so much time in my writing exposing the endemic corruption of this current System, and also write about the (only) policy options which would/could reverse at least some of the economic carnage. I do this to show how (more and more) it simply becomes impossible for this System to ever heal itself. We "cheer" the coming collapse not for (petty) personal profit, but because it is the only Path to a better world.

Why Precious Metals Prices Can Never Rise



But this still leaves me with the last of the conundrums summarized in the recent comment: that because our current crop of Traitor Politicians and the bankers (and the One Bank itself) have so much to lose when their current paradigm of fraud and crime implodes upon itself; they're doing everything in their power to prop-up this fraud paradigm -- and thus delay the implosion.

In a rational world; we would have had Debt Jubilee back in 2008, when it became obvious that (nearly) the entire Western world was now endemically insolvent. In the corporate world; when such circumstances appear bankruptcy proceedings are commenced as soon as possible -- as the best way to minimize the financial damage.

Instead, we have the Wonderland Matrix and our Hostage Markets. A fantasy-world of saturation lies covers up the Coming Collapse (preventing a fatal collapse in confidence among the masses). Meanwhile lawless markets, controlled by Pied Piper trading algorithms prevent even the tiniest glimmer of reality from creeping into asset prices of ANYTHING.

This tests both our patience (and our convictions) about both the need for and the timing of the end of this present System. I try to deal with this frustration which saps at our morale as well. I do this by (as previously noted) continually pointing out the fatal flaws in the Wonderland Matrix, and how these issues continue to become larger and more frequent problems for the One Bank.

Change is coming. Unfortunately, because of the nature of the bankers' tactics, that change is very difficult to perceive -- and thus my reporting on this Change appears redundant. I cannot control the former factor here, and I will not apologize for the latter one.

As explained; I'm forced to be repetitive in my own work here in order to provide readers with a regular "reality vaccination", both to reinforce morale, and to help us keep our grasp on reality. In this respect; I hope readers will remember that I'm merely the Messenger here (and avoid the urge to "shoot me").





Gold Declines Blamed On Heavy Long Liquidation; Sell Stops Exacerbate Decline


www.kitco.com/news/2014-07-14/Gold-Decli...cerbate-Decline.html

A sharp sell-off in gold futures so far Monday is being blamed on heavy long liquidation, exacerbated when sell stops were triggered.

As of 10:23 a.m. EDT, gold for August delivery was $29.80, or 2.2%, lower at $1,307.60 an ounce on the Comex division of the New York Mercantile Exchange.

“It’s widespread liquidation,” said one New York desk trader, pointing out the metal previously was climbing for six weeks...
Jul 14

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2013-10-29 04:43:12
Unfortunately, I am unable to copy & paste this ch .....
2013-10-25 09:45:29
Hate to repeat myself but this chart belongs here. .....
2013-10-19 09:09:37
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2013-10-18 04:44:38
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2013-10-17 13:49:34
Thought you might also like this. Capital controls .....

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