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By
Stewart Dougherty
“There
are crooks everywhere you look now. The situation is desperate.” Final blog
entry by Daphne Caruana Galizia, 53, renowned Maltese investigative reporter
who specialized in exposing state corruption; posted on 16 October 2017, one
day before she and her vehicle were blown to bits by a car bomb in Bidnija,
Malta
In 2011,
gold pulled a “Bitcoin” before anyone even knew what Bitcoin was: its price
went vertical to $1,900 per ounce. Inflation-adjusted, the price was still
far below its 1980 all-time high, and from all indications, it was going to
keep heading north toward its free market print.
In
surging, gold blurted out the Deep State Central Planners’ strategy for
dealing with the Great Financial Crisis: the hyperinflation of bond, equities
and real estate prices via the hyperinflation of both official and totally
clandestine, off-the-books money supply, in order to create the
hyperinflation of tax revenues desperately required by the government to
forestall its fiscal collapse. Gold’s exposure of the Deep State Central
Planners’ secret strategy was absolutely unacceptable to them, and had to be
stopped.
Worse,
gold’s price breakout interfered with the continuation of the largest and
most profitable financial crime in history: gold price manipulation. As we
have outlined in previous articles, including “Gold and Silver Price
Manipulation: The Biggest Financial Crime in History,” from its commencement
in 1980, this crime has netted its perpetrators more than $1 trillion in
criminal, Mafia-style profits. The epic scale of this crime is exactly why it
continues unabated to this day. (While the gold price rigging crime is
virtually identical to the manipulation of silver prices, in the interests of
brevity, we will solely focus on gold in this article.)
The
weapon used in the gold price manipulation crime is paper, or, better stated,
electronic gold in five distinct forms: gold futures; gold options on
futures; bullion-bank controlled, deliberately audit-proof gold ETFs; gold
EFPs (Exchanges for Physical); and the equities of bullion bank-controlled
major mining companies. (The major miners serve the bullion banks, not their
shareholders, and have actively participated in gold’s price destruction for
years, starting with the “hedging” campaign that handed guaranteed profits to
the banks and pitiful share prices to the stakeholders.)
These
electronic (in other words, non-physical and unreal) gold products are used
by Deep State financial insiders to misdirect funds intended by investors to
flow into gold, away from gold. Those who “invest” in electronic gold are, in
fact, aiding and abetting the exact financial criminals who are stealing from
them. The Deep State financial elite is laughing itself sick that suckers
still fall for the electronic gold scam nearly four decades after they first
hatched it and after already having stolen $1 trillion from their marks.
Proof that many people in our world never learn.
Simplified,
the gold price rigging scam works by the orchestrators allowing natural
market forces to increase the price in roughly $50 – 100 increments,
whereupon they unleash massive, synchronized, simultaneous,
shock-and-awe-style naked short sales, unbacked by any physical gold they
actually own, that take the price right back down by $50 to $100 in a matter
of minutes to a few days. This forces the price-attacked longs to dump their
losing positions, enabling the shorts to cover at an illegal profit. Each
such large-scale price raid produces hundreds of millions of dollars in
profits for the criminal orchestrators, not just from the futures market, but
from the companion options, swaps and equities markets, all of which act in
unison, and in a price-predictable up or down manner. This identical wash,
rinse, repeat cycle has occurred literally hundreds of times over the past 38
years, with no serious investigations or prosecutions whatsoever in that this
is official, state-sponsored, for-profit corruption.
For any
one of hundreds of reasons, gold should be in a raging bull market at this
time. Given that its price remains lackluster and greatly disappointing, rich
gallows humor has emerged as a form of therapy for those attempting to deal
with the irrationality of it all.
One
gallows joke that made the rounds was that if nuclear war were declared,
gold’s price would go down and the DJIA would go up. While this was a funny
take on the absurdity of the situation, it seemed a bit far-fetched.
In an
October 20, 2017 podcast interview, Mr. James Rickards, a leading public
commentator on gold, stated that he had spent the previous day in an
extremely exclusive national intelligence planning session overseen by CIA
Director Mike Pompeo and National Security Advisor H.R. McMaster. Rickards
reported that Pompeo told him, categorically, that military action will be
taken against North Korea within 5 months, or by March 20, 2018. Rickards also
reported that the group was informed that the assassination of Kim Jong Un is
one U.S. military option officially on the table.
In the
trading days after Mr. Rickards made that public announcement, the price of
gold declined and the DJIA hit record highs.
In the
practice of Inferential Analytics, the forecasting method we developed and
use, we pay rapt attention when gallows humor becomes gallows fact, because
it invariably signals that something is seriously wrong.
As
practitioners and students of professional, CIA-style human manipulation,
mind control and propaganda campaigns know, they are driven by misdirection,
reverse psychology, twisted narratives, head fakes, false flags, imposters,
blind alleys, Judas goats, projections, and the invention and dissemination
of elaborate lies, told by professional liars, that are the exact opposite of
reality. Such techniques are now being used to keep the gold price
manipulation and electronic gold frauds alive, well and gushing profits for
the insider looters.
The
challenge faced by those who conduct professional swindles and stings is that
such schemes burn through victims. The defrauded either go bankrupt, or wake
up and get out. Therefore, con artists must constantly trawl for new suckers
to screw.
In the
case of the gold price manipulation swindle, the insider con men must find
ways to lure new, naïve, outsider money onto the insider-controlled Gold
Looting Field, in order for there to be fresh market liquidity for the
insiders to sell into and plunder. This is becoming increasingly difficult,
given that the insider criminals have been systematically screwing investors
for nearly 40 years, have destroyed the gold market’s reputation, and have
ravaged the prospect base of patsies.
Therefore,
the gold market price wreckers are now in the paradoxical situation of
needing to make, via controlled spokespersons and/or by riding on the
coattails of independent, non-aligned commentators, a high-profile, bullish
case for gold.
The
rigging of gold persists without regulatory or legal interference because it
is based on a straightforward deal between the profiteering Deep State
financial elite, and the western governments they control: the criminals are
allowed to manipulate the gold market however brazenly they wish and keep
whatever sums they steal, as long as they keep the gold price under control.
Gold price control is critical to states’ official monetary, fiscal and
economic narratives, all of which are false. If the gold price were to get
out of control, as it started to do in earnest in 2011, this would fatally
contradict the states’ false narratives. Freed at this juncture, gold could
easily ascend to $10,000 per ounce, which would announce to the people that
reality is not what they are being told.
Mr.
Rickards has been an unrelenting gold bull for several years. His first book
was published in 2011, not long after the gold price had taken on momentum,
and he has been a highly-visible pundit ever since. He expresses his views on
all of the major business networks, in hundreds of radio and podcast
interviews, and in articles and newsletters distributed all over the world.
Mr.
Rickards positions himself as an “Insider’s Insider,” repeatedly referencing
his connections to and interactions with the intelligence community and
financial elite. Additionally, he has publicly stated that he has coordinated
and participated in simulated financial war games developed for high level
government, intelligence community, academician and private commercial sector
participants. The purpose of these financial war games is to simulate the
means by which nations might attack one another financially, as opposed to
militarily, as the so-called art of war evolves.
Mr.
Rickards states his views clearly and with conviction, and he can be quite
convincing. Despite his compelling forecasts between 2011 and now for a
surging gold price (he has stated that $10,000 per ounce gold is likely), the
price has, in fact, plunged from $1,900 to $1,280 today, while virtually
every other asset class, including stocks, bonds, real estate and even
ethereal cryptocurrencies has surged.
Some of
Rickards’s recent and current predictions include these:
1)Kevin Warsh would
be named Chairman of the Federal Reserve. Such a development would have been
bullish for gold, because Warsh is said to oppose the exact kind of market
manipulation that has been practiced by the Fed and that has criminalized the
gold market for years. As we now know, this prediction was wrong, and
subsequent to Powell’s nomination, the price of gold went down.
2)He categorically
asserts that there will be no Federal Reserve rate hike in December, 2017.
Obviously, this would be extremely bullish for gold, and anyone who believes
the prediction should aggressively buy it at this time. The problem is that,
barring some kind of extraordinary exogenous event, it is highly likely to be
wrong. Interest rates will almost certainly be raised in December, regardless
of economic conditions. If they are not, the Fed’s economic narrative will
unravel and its credibility will be shredded, something that no central bank
can allow to happen.
3)A new prediction
is that there will be a government shut down this December, due to federal
debt limit increase disputes among politicians. This would be bullish for
gold and bearish for financial markets. In our view, this prediction is also
destined to be wrong. With Republicans in control of the House, Senate and
White House, they would totally “own” such a shutdown, which citizens detest,
and this could only hurt them in the November, 2018 elections. We doubt they
will allow this to happen.
4)The prediction
that war with North Korea and/or the possible assassination of Kim Jong Un
will occur by March 20, 2018 remains on the table. It is hard to imagine a
story line more bullish for gold, given that such a war will almost certainly
be nuclear and could swiftly morph into World War III. The global “rush to
safety” in such a situation would be historic.
Over the
past several years, Rickards has made literally dozens of similar,
gold-bullish predictions, and yet the gold price has gone down to nowhere
during the same period. As we can see, even excellent rationales for a rising
price of gold, along with basic common sense, do nothing to create that
outcome. The reason for this is simple: the gold market has been completely
corrupted.
By
publicly revealing specific content from the Pompeo / McMaster planning
session, Rickards indicated that he is an official spokesperson for the
Central Intelligence Agency and the national security complex.Because if the
meeting Mr. Rickards reported upon actually occurred and if he actually
attended it (and Mr. Rickards is a credible figure whose veracity we have no
reason whatsoever to doubt), we simply cannot believe that he could have
publicly revealed what transpired at it without the direct, formal
authorization of Messrs. Pompeo and McMaster, its hosts. Further, we would
think that Pompeo and McMaster would have required President Trump’s
authorization to facilitate the public release, via Rickards or anyone else,
of the timeline for war with North Korea and the nation’s active
assassination options. If correct, this would mean that Rickards is a direct
spokesperson for the CIA, the National Security Advisor, and by extension,
President Trump.
Therefore,
we are faced with an extremely curious situation where a direct consultant to
and spokesperson for the Director of the Central Intelligence Agency, the
National Security Advisor and the President of the United States is also one
of the most high profile cheerleaders in the world for gold.
This is
an extraordinary paradox, because we know that the Federal Reserve, U.S.
Treasury, banks, brokerage houses, insurance companies, mutual fund
corporations, pension fund managers and virtually every other participant in
the United States financial services juggernaut have absolutely no interest
in or anything whatsoever to gain from the people finally waking up to and
acting upon the astoundingly bullish case for gold.
So we
ask ourselves: Why would the government wish to align with someone who
popularizes a point of view (“buy gold because it is going to $10,000 per
ounce”) that is a direct threat to it and to the Deep State financial elite
it serves? This would be like the Fed hiring Ron Paul, who wrote a book
entitled “End the Fed,” to become one of its official champions and
spokespersons. Can anyone imagine that happening? As we can see, this is a
very complex and confusing situation.
While
the bullish case for gold is directly contrary to the interests of the
financial establishment generally, it is of extreme interest and benefit to
the subset of the establishment that has made more than $1,000,000,000,000.00
in illegal profits over the past forty years by rigging the gold market, and
that wishes to steal as much additional money as they can get away with.
No
matter who writes them, gold-bullish commentaries are extremely helpful to
the gold price rigging cartel, which needs constant capital injections into
the electronic gold market in order to keep its looting spree going. By
making his particularly cogent and compelling bullish arguments for gold, and
given his stature, credibility and connections, Rickards is a God send to the
price riggers. Over the years his work must certainly have heightened
investor interest in gold and resulted in sizable fresh flows of investment
capital pouring onto the electronic gold Looting Field.
It is
likely that people at the highest levels of the Deep State financial elite
fully realize that a large migration of the people’s money into precious
metals is virtually inevitable, given the government’s urgent need to
hyper-inflate money supply and massively stimulate the economy in order to
hyper-inflate tax receipts, the only way it can avoid collapse. Ultimately,
this is guaranteed to create severe, generalized consumer price inflation.
Historically, hyperinflation has always resulted in a significantly higher
gold price.
With
massive and increasing structural deficits; exploding debt in all sectors;
hostile demographics; social and political fracturing and disintegration; grotesque
wealth inequality; extraordinary global trade competition; a complete
collapse of respect for vital government organizations such as the Justice
Department and FBI, which the people now realize have gone rogue; an
extremely complex and corrosive global geopolitical environment; the real
prospect of war, potentially nuclear and worldwide; not to mention numerous
additional factors, we can only point to few other times in history more
dangerous to the people’s financial welfare, and therefore more overall
bullish for gold, one of the only financial sanctuaries proven to work in
times of dislocation.
If a
large move into precious metals is going to happen whether the Deep State
financial elite likes it or not, they realize they must at least do everything
possible to control where those funds go, while they still can. This means
they must ensure that as much money as possible flows into electronic gold
products controlled by them, and not into physical gold privately owned and
controlled by citizens.
In our
consumer research, we have found that the average U.S. citizen is literally
clueless when it comes to gold. They are almost completely unaware of the
gold products available to them, the prices of those products, or even where
to buy them. After two generations of being deliberately educated in total
ignorance about gold, none of this should come as a surprise. Knowing next to
nothing about physical gold or the mechanics of buying it, they feel
intimidated by the subject. Therefore, the simple fact is that if they do
decide to buy gold, the path of least resistance leads them to electronic
gold.
Financial
services industry employees are trained to talk customers out of buying gold.
They do this by pointing out its price volatility and riskiness. (The public
has no idea that the gold price is manipulated, and fake.) If the customer
still wants to buy it, then the broker steers them into electronic gold, such
as bullion bank-controlled ETFs and major mining company equities.
This
sterilizes the investor’s funds, and prevents them from being used to buy
physical precious metals, which would interfere with the price rigging crime
by increasing physical demand for and the price of gold, given its
consistently tight supplies. It would also lessen capital flows onto the Gold
Looting Field, the exact opposite of the Deep State manipulators’ agenda.
Over the
past several years, there have been many, highly sensationalized mainstream
media reports about counterfeit gold, such as the report last year about a
few ten ounce PAMP gold bars with tungsten cores. To listen to the MSM, one
would think that all of the physical investment gold in the world is fake.
The fact is that the overwhelming majority of physical investment gold is
genuine. Counterfeit gold hysteria is yet another spoke of the anti-physical
gold propaganda wheel whose function is to scare people away from real
physical gold personally owned and controlled by them, and into fake
electronic gold controlled by the Deep State financial elite.
The Deep
State financial elite fully understands that it cannot prevent all investment
funds from reaching physical gold. But they do not need to in order to
maintain their price rigging scheme, or to continue making significant
profits from the electronic gold products they distribute and manage.
In fact,
just as they benefit from the bullish case for gold that results in funds
continuing to flow onto the Gold Looting Field, they also benefit when
commentators speak about the virtues of personally owned physical gold. They
fully realize that any commentator who recommends gold but also says that
people should not personally own any of it would lose credibility. So it is
completely fine with them when a gold booster such as Mr. Rickards makes
positive comments about, for example, gold Maple Leafs, which he has done.
They realize that as a practical matter, the average person is going to find
the purchase of physical investment gold too difficult and intimidating to
pursue, and will gravitate to electronic gold, even though some of them might
buy some Maple Leafs. Apple does not need 100% smart phone market share to be
enormously profitable, and neither does the Deep State financial elite need
100% gold market share to make massive gold profits, which they do.
The
larger purpose behind the Deep State’s electronic gold products, beyond
current profits, is to concentrate investment gold in a select number of
locations that will be easy to control and raid when the time comes. When the
gold price is reset, most likely by China and an outcome we view as
inevitable, western governments will move fast to prohibit its private
ownership. The Deep State elite, which for decades has exhibited an endless
lust for other people’s money and greed that is beyond biblical, is simply
not going to allow every day citizens to benefit from gold holdings that have
surged in value. Therefore, when the Deep State elite realize that they have
lost control and the price is about to be reset, they will pre-emptively
cash-settle their electronic gold products in fiat currencies that will
subsequently plunge in value, and abscond with the physical gold that backs
such products. For investors, electronic gold is nothing but modern day
Fools’ gold. For the Deep State, it is a free ride, on investors’ backs, to
the most massive physical gold theft of all times.
Taken
together, we believe these factors present a compelling argument why
investors should exit all of the electronic gold products specified at the
beginning of this article, and convert the proceeds into physical gold and/or
non-Deep State-controlled equities of companies in which they have full
confidence that managements are working for them, not the bullion banks. The
fact is that the Deep State manipulation of the gold price is never going to
end until people stop buying electronic gold and providing the liquidity the
Deep State needs to continue perpetrating the gold price rigging crime.
More
than 100 years ago, Dostoyevsky wrote: “Money is coined liberty, and so it is
ten times dearer to the man who is deprived of freedom. If money is jingling
in his pocket, he is half consoled, even if he cannot spend it. But money can
always and everywhere be spent, and, moreover, forbidden fruit is sweetest of
all.” When honest money is attacked, so is human freedom. Because it is
impossible for human beings to be free if their currency is a fraud and they
are at the same time prohibited from owning honest money. The gold price is,
in fact, a barometer of human liberty. When it is fake, there is slavery; when
it is honest, there is freedom.
Thanks
to the Deep State financial elitists, for whom fraud and plunder are a way of
life, the gold market has been a cesspool of corruption for nearly forty
years. And as we can see, corruption has metastasized throughout the world.
“There are crooks everywhere you look now. The situation is desperate,” said
Daphne Caruana Galizia, prior to being assassinated for her work and courage.
May she rest in peace. In the coming hurricane, the rest of us are going to
need to exhibit her same bravery to fight the crooks who have corrupted our
world and our futures with their nauseating arrogance, greed, and immorality.
[We
would like to remind readers that we are not investment advisors and that
none of the content of this article is intended to be investment advice.
Please do your own research, reach you own conclusions, and take action as
you personally see fit. We are not connected with the gold industry in any
way, and we write our Inferential Analytics articles solely in an effort to
share with people what our research indicates. We do not make one penny from
this article, and it is yours to decide what to do, if anything, if anything,
with the information we have conveyed.]
Stewart
Dougherty is the creator of Inferential Analytics, a forecasting method that
applies to events proprietary, time-tested principles of human instinct,
desire and action. In his view, forecasting methods not fundamentally based
upon principles of human action are unlikely to be reliable over time. He is
a graduate of Tufts University (BA) and Harvard Business School (MBA). He
developed expertise in strategic analysis and planning during a 35+ year
business career, has traveled to and conducted research in over 25 countries
and has refined Inferential Analytics into a reliable predictive instrument
over a period of 16+ years
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