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It’s still Monday evening, and I
have a lot to write for Tuesday’s RANT, asinformation is
besieging me from all angles. Like a young songwriter or novelist, I am
in the prime of my creative career, and frankly have too many
thoughts to articulate. Funny how it took this long to peak,
as I have been writing professionally for nearly 15 years, oftentimes about
topics I felt equally forceful about. However, NEVER have I been as
inspired as this year, even more so now that I’ve joined Miles Franklin.
As noted this weekend, the HUI mining
index was smashed 20 points Friday while gold prices were UP, a CLASSIC
Cartel “signal” that gold would be smashed the following
day. Such signals are EXACTLY what Andrew McGuire has been telling the
CFTC, and EXACTLY what the “GATA Army” has been highlighting for
the past decade. I was 100% POSITIVE something nefarious would occur
today, although how, how much, when, and under
what pretense was not yet certain.
Years back, I’d worry about gold
being hit due to “good news” about the U.S. economy, although I
KNEW any such news was at best misleading, and at worst deceitful. The
fact that such “good news” was only considered as such following
Cartel and PPT follow-up work was immaterial; what was important, however,
was that the majority of people believed such propaganda, enabling the Cartel
to make short work of PAPER PM prices at any time.
However, in today’s world of
CATASTROPHIC, GLOBAL ECONOMIC COLLAPSE, “good economic news” no
longer exists. The ball has been pushed over the top of the
mountain, and can only roll down hill, at a quicker and quicker pace each
day. Sure, TPTB can slow it for a day or two by PRINTING MONEY and
MANIPULATING MARKETS, but that just makes the ball LARGER, increasing its
downhill momentum. Thus, I NEVER worry about real, believable improvements
in the global economy, as it long ago passed the point of no return, and thus
can NEVER improve until the entire system COLLAPSES – end of story.
My motto in 9½ years of Precious
Metals investing has been “each day worse than the last,” but
that banal term doesn’t do justice to what we’ve seen since
“D-DAY” 13 months ago, when the Cartel first demonstrated FEAR of
the imminent PM explosion, and subsequently stepped up its
game to spiritual levels of blatancy. That said, what we’ve seen
this Fall alone, starting with “OPERATION PM ANNIHILIATION” the
day after Labor Day, is unlike anything I’ve seen all year (except the
SUNDAY NIGHT PAPER SILVER MASSACRE), as unrelenting as it isintense.
Moreover, the Fall Cartel tactics have been coupled with the most
maniacal, desperate usage of 24/7 PPT propping I’ve
ever seen, which is saying a lot.
Days like yesterday, for instance, I
watched MASSIVE PM attacks and equally MASSIVE PPT support operations,
although no material news emerged to account for it (until, of course, late
in the day when S&P announced it might downgrade all of Europe, which
– ho hum – caused yet another “HAIL
MARY” stock rally! I mean, I’ve been watching HAIL MARY
support operations for a decade, but it seems like they are being utilized
EVERY DAY now, even last Tuesday, the DAY the MOTHER OF ALL GLOBAL QE
OPERATIONS was announced! Which should tell you just how dire the
WORLDWIDE financial crisis has become…
While the Dow was rising for the fifth
straight day since “GLOBAL QE” was announced, essentially every
piece of news was negative, the only difference from a week ago being that
financial markets (and CRUDE OIL) were higher due to one of the greatest
MONEY-PRINTING announcements of all time, while gold and silver have not been
allowed to move.
Before I get to yesterday’s gold
Cartel masterpiece, let’s look at the “news” of the day
accounting for higher stock prices (until the usual late afternoon, pre-HAIL MARY
swoon) and five gold WATERFALL DECLINES, starting with a big
miss in the ISM Services Index – quite ominous for an economy that now
runs ENTIRELY on services – highlighted by a MASSIVE crash in
the EMPLOYMENT segment.
Huh? I thought the unemployment
rate didn’t just fall last month, but PLUMMETED from 9.0% to 8.6?
ISM Services Misses – Worst Since January 2010
What’s that you say, the
“strong” jobs gain (if you call 120,000 jobs in a 300 million
person economy strong) was due to temporary hiring for Christmas retail, just
like I opined last night?
Gallup Finds Recent Job Boost Due To “Temp And Part-Time”
Hiring; Underemployment Greater Than Prior Year
Or that “strong Black Friday
sales” were, as I also predicted, simply a front-end loading of holiday
sales?
One Third Of Americans Already Done With All Holiday Shopping
Perhaps the Dow was juiced yesterday,
and gold attacked FIVE TIMES, because the CFTC “voted
unanimously” to crack down on financial fiduciaries stealing their
clients’ funds. I wonder if “heightened scrutiny” of
this already illegal practice will be as debilitating to the financial
criminals as the SEC’s 2009 “crackdown” on naked shorting,
which not only has never resulted in a single prosecution,
but runs rampant to the point that a significant percentage of
ALL stock and bond trading relates to the execution of naked shorts.
CFTC Votes Unanimously To Make Client Money Commingling Really Illegal
This Time
Maybe gold was repeatedly, violently
attacked because the CEO of one of the largest gold miners in the world,
Anglogold Ashanti, stated the HUGE gold buyers (I presume the Chinese
government and others) are now directly soliciting mining companies, amidst
great levels of competition, because so little available supply exists…
“Major Buyers Are Finding It’s Hard To Get Physical
Gold”
Maybe gold was attacked because CRUDE
OIL, the most important commodity on earth and the largest component of EVERY
commodity index, continues to SOAR day after day after day. I’m
not sure how this would be good for the Dow while bad for gold, particularly
when American Airlines went BANKRUPT last week due to soaring fuel prices and
a cratering economy. But then again, I don’t operate a Plunge
Protection Team or Gold Cartel.
Oil Surge Begins
Perhaps the “big positive
news” accounting for surging stock prices and plunging gold was the
EXPLOSION of food stamp usage…
Over 46 Million Americans On Foodstamps For The First Time Ever
…or the DAILY surge in banks
borrowing money to stay solvent, and yanking what they still have out of the
failing financial system.
European Interbank Liquidity Deterioration Spikes
Or maybe gold is terrified of the
prospect of more QE, which the Fed is not only carrying out OVERTLY, as we
saw last Tuesday, but telegraphing it will INCREASE in the near-term.
I wish they’d just bite the bullet and announce “QE to
INFINITY,” but I guess we’ll just have to wait a tad longer for
that game-ending statement.
The Doves Resume Their Crying: Fed’s Evans Sees More Easing As
Necessary To Avoid “Debt Trap”; Fed Must Act Now
And last, but not least,
everyone’s favorite topic – the marvelous, magical, disappearing
Euro (a reference to one of my favorite childhood TV shows, Marlo and
the Magic Movie Machine – I can’t believe this is on You
Tube!
Yes, Europe has been bailed out by
UNLIMITED MONEY PRINTING by the Fed. All is well, and a few TRILLION of
additional dollars printed out of thin air couldn’t possibly cause
further increases in inflation, destruction of the middle class, and,
subsequently, social unrest, could it?
And it’s certain to
bring jobs back from China, reduce unemployment, increase depressed real
estate assets, and save TBTF banks, right?
You see I’m being facetious, of
course.
ECB Buys €3.7 Billion In Bonds Last Week, Total Now €207
Billion: All Eyes Turn To Tomorrow’s Sterilization Procedure
Actually, things have gotten so chaotic
in Euroland, I frankly have no idea what these clowns are “agreeing
to” anymore, or even “discussing” for that matter!
Regardless of the PPT-dominated market activity, when I see “stocks up
on Merkel-Sarkozy agreement,” but then I read the article, I simply do
not understand what happened.
One week, we have the German citizenry
in open revolt about bailing out Europe, and the next, proposals of a
“One World” government in which France, perhaps the most
profligate spender in Europe, will get equal financial treatment? This
makes absolutely no sense at all, would NEVER happen, and even if it did
would be just as BANKRUPT an entity as the individual parts.
Furthermore, even if such a government
were ratified by ALL 27 EU COUNTRIES (yeah, right!), it would still have the
not-so-minor issue of FINANCING. And since whatever
“agreement” they are agreeing to DOES NOT INCLUDE THE ISSUANCE OF
so-called “ONE WORLD” BONDS, why would anyone even
give this “announcement” a second glance?…
Euro Soars On Merkozy Announcement Of Full Agreement… But No Euro
Bonds
…ESPECIALLY when its own members
IMMEDIATELY call it a dead issue, just as the Chinese government
did when “the market” last month hoped it would fund the DOA
“EFSF Fund.”
ECB’s Nowotny Slams Door Shut
Readers, I am posting this sequence of
articles so you understand, without reservation, that ABSOLUTELY NOTHING
positive has occurred in the past week regarding the outlook for EITHER
Europe or the U.S., just plain old money printingand market
manipulation – end of story.
In other words, the Euro still sits at
its lows of the year…
…the Dow continues to be propped
by the PPT each and every time it tries to fall through a KEY ROUND NUMBER,
such as 11,000 this summer and 12,000 now (what chart says MANIPULATION more
than this?)…
…and conversely, gold is
maniacally suppressed each time it attempts to rally through a KEY ROUND
NUMBER, starting with $1,900 this summer (before “OPERATION PM
ANNIHILATION”), $1,800 this Fall, and since last week’s GLOBAL QE
announcement, $1,750. So, to answer the above question, THIS chart
screams MANIPULATION even louder…
Speaking of manipulation, yesterday’s PM
action was among the most blatant acts of Cartel thievery I can remember,
which is saying quite a lot! In fact, we witnessed EVERY Cartel trick
in the book yesterday, including the following:
1. HUI mauled Friday with gold
up, a GUARANTEED “signal” of a Monday gold and silver attack
2. Gold CAPPED HARD all
morning, yet again at the KEY ROUND NUMBER of $1,750/oz
3. A record FIVE WATERFALL
DECLINES, including minutes before the COMEX opening at 8:20 AM EST and another
at EXACTLY 12:00 PM EST, the usual “cap of last resort.” In
between, we see hits at the odd hours of EXACTLY 6:00 AM EST and EXACTLY 2:00
PM EST, with the high trade of the day at, yep you guessed it, EXACTLY 10:00
AM EST, as always. I told you the big HUI sell-off Friday presaged a
concerted Monday attack pattern, and this was as concerted as it gets.
4. NO KEY REVERSALS ALLOWED
– when gold approached $1,750 at EXACTLY 10:00 AM EST, about to go
positive on the day after being mauled all morning, it was IMMEDIATELY
smashed back down. Gold, silver, and/or the mining shares have not been
allowed key intraday reversals in more than five years, trust me!
5. DLITG, or “Don’t
Let it Turn Green,” a tactic the Cartel plays with the most important
gold security in the world, the GLD ETF. For the millionth time, it was
down hard in the morning, then got back to within a few pennies of turning
green, and IMMEDIATELY was smashed down again. This is the ultimate in
demoralizing Cartel tactics, which has been going on since GLD was launched
in 2004.
6. Dow/Gold x 2 ALGOS –
this GOVERNMENT COMPUTER ALGORITHM, which has been around for many years but
particularly since “D-DAY” a year ago, is programmed to only allow
the PM sector to rise when the Dow rises (can’t have safe haven buying,
can we?), and to rub salt in our wounds, onlyallows the PMs
(metals and mining stocks) to rise at HALF the rate of the Dow, but
conversely to fall at TWICE the rate when the Dow declines. Oftentimes,
after these 2x declines occur for the PMs, they miraculously lose their
directional ALGO with the Dow when it inevitably moves back up.
7. NO SIMULTANEOUS STRENGTH
– Gold, silver AND the PM shares are NEVER allowed to all act
strongly together. Usually only one can act strong at a given time, and
sometimes two, but NEVER all three. Yesterday we saw silver showing
uncanny relative strength all morning, even when gold was repeatedly
smashed. However, later in the afternoon, silver suddenly COLLAPSED, at
the end of the day massively underperforming gold to
demoralize silver investors.
8. ALL-OUT ATTACK – i.e.,
no matter that ALL the market news was gold neutral at worst, bullish at
best; there was simply no way the Cartel would be denied yesterday.
Flat to higher stock markets, weak economic data, soaring oil prices, etc.,
were to be overridden by suppressive computer programs at all costs!
And finally, late in the day we saw the
following rumor that S&P, despite last week’s
GLOBAL QE announcement by the Superman Fed, was considering downgrades for
ALL OF EUROPE, including a two-notch downgrade for France and one-notch for
Germany. All this did was push the Dow down to +20 (remember, since
GLOBAL QE the Dow has not been allowed to turn red) while
gold was, for the fifth time of the day, SMASHED. Subsequently, the
daily Dow HAIL MARY rally to ensure the PERCEPTION that “all’s
well,” with gold closing at its low of the day and oil, yet again, at
its high (see rule #6 above).
EUR Tumbles: S&P About To Put Europe’s AAA Club (Including
Germany, France And Austria) On “Creditwatch Negative”
Then, after the close, the S&P
statement is released (I love how it somehow got “leaked” 30
minutes before the close), just as bad as advertised…
Here Comes The S&P Downgrade Barrage – Full Statement, In
Which S&P Says France May Get Two Notch Downgrade
…while the Bank of England dealt
with its own credit crunch with fresh MONEY PRINTING…
Another Currency Runs Out: BOE Introduces “Collateral Term Repo
Facility” To Deal With Sterling “Shortages”
…and the TBTF banks dutifully
lead their clients to yet another trap via a reckless “trading
call” and endless hype about the NEXT GREAT BIG THING,
Thursday’s NEWEST, MOST IMPORTANT European financial summit yet…
Deutsche Bank Tells Clients To Put “Risk Off” Trades Ahead
Of December 9 Summit, On Hopes Market Sell Off Will Shock ECB Into Printing
OK, time for bed, let’s see what
happens Tuesday morning, as well as what “Literati” means.
Tuesday morning, and before I get to
today’s action, and RANT topic, I want to speak of a few topics that
came to mind at the gym this morning. A workout, I might add, which
featured the same Cartel shenanigans as always, including the high trade of
the day at EXACTLY 3:00 AM EST, the WATERFALL DECLINE at EXACTLY the 8:20 AM
EST COMEX open and now, as I write, another sharp decline at EXACTLY the PM
fix at 10:00 AM EST.
 
OK, so what’s on my mind?
For one, the stock market, which in my
view is no longer a market at all, but a playpen for government and HFT
manipulation. First I recalled an article from this morning showing
how, unlike Western stock markets (which are constantly rescued by the PPT),
the Chinese stock market has not responded at all to last
week’s monetary easing.
To quote the article, “unlike in
the developed world, where central banks are entirely in control of capital
markets, in China capitalism still has a foothold, however weak, and as a
result the Shanghai Composite is indicating the direction of where the global
economy is truly headed.”
If there are any Chinese investors
reading this, have no fear. Sooner or later, the Chinese government
will create their own PPT, at the expense of further economic dislocations,
malinvestment, and surging consumer inflation.
Meanwhile In The Shanghai Composite
While on the stair climber, I read the
latest piece from my good friend Dan atFuture Money Trends. A
passage in it was particularly compelling, as it sums up EXACTLY why I sold
ALL my mining stocks earlier this year, likely FOREVER. And here it is:
If a stock is large enough to be on the
radar for high-frequency trading, then we want nothing to do with it.
Following “D-Day” last
November, I literally watched HFT programs impregnate the
large-cap mining stocks, particularly my largest, long-time holding Silver
Wheaton. Those GOVERNMENT COMPUTER ALGORITHMS have given terminal
cancer to these stocks, in my view, to the point that multiples have
contracted to end-of-cycle valuations. Stocks like SLW are so badly
capped on up days, and violated on down days, it’s a wonder anyone
still holds on. But they do, forever viewing the dangling carrot as
manna from heaven. For the sake of PM mining investors, I hope their
dreams come true, but for my money, I’ll take the exponential,
GUARANTEED gains of PHYSICAL metal with NONE of the risks of mining
stocks. For the record, the last time I owned a NON-Precious Metals
stock was April 2000, and my guess is the Silver Wheaton I sold this summer
will likely be the last stock I own, EVER.
While on the topic of corrupted stock
markets, I see this morning the Green Bay Packers are planning to sell stock
this morning. Only in America can people be dumb enough to buy
something so obviously at a top in valuation, particularly something as
illiquid as this. But like sheep in a herd, investors will fall upon
themselves to buy stock of a team that has won 18 games in a row, only to
sulk two years later when the Packers’ performance reverts to the mean.
Green Bay Packers stock goes on sale today
Athletics have become as tainted by
greed, corruption, and plain old cheating as corporate America, a microcosm
of the deregulated, laissez faire attitude that has led the
nation to its imminent demise. Striking football and basketball
players, thieving owners (such as the Bernie Madoff cronies owning my beloved
Mets), and universities focused more on profits than education represent the
current American way, as best depicted by the story below.
Nearly every city in America has a new
baseball stadium, in nearly all cases forced upon the populace without a
vote, yielding increased debts and taxes on the unsuspecting citizenry.
In many cases, such as is being alleged here, owners are accused of bribing
public officials to obtain such funds.
SEC targets Marlins’ shady business
Examples of such deals, which forcefeed
higher taxes on residents while destroying municipal finances are
everywhere. A great example is the Texas Sports Agency, which in the
past decade built three sports stadiums in Houston, to be financed with car
rental and hotel taxes that increase Houstonians cost of living AND
negatively impact tourism. It looks like the $1 billion of stadium
bonds are about to default, but don’t worry the politicians that signed
the deals and the owners of the Astros, Texans, and Rockets are doing just fine.
Texas Sports Agency Flirting With Default
Even in NY, stadium deals have been bad
deals for everyone but the investments banks and team owners. And of
course, the ratings agencies, which for their exorbitant fees gave the usual
“investment grade ratings” to the Yankees’ and Mets’
respective bond deals…
Yankees, Mets Bonds Get Investment-Grade Ratings
What a shock! The Mets later got
downgraded to “junk” status (LONG before its owners were sued for
being accomplices of Bernie Madoff), and per the article below, their
experience is no different than dozens of other ill-begotten “stadium
deals” across America.
New Stadiums Strike Out for Investors and Taxpayers
Next, let’s talk about some
history, particularly that of PHYSICAL GOLD and SILVER as MONEY. Back
in 2005, when I contemplated becoming a sell-side analyst covering the
Precious Metals sector (no one was interested), I wrote an initiation of
coverage report including some moving passages from one of my favorite
authors, James Michener, which are self-explanatory regarding the
aforementioned topic.
As a representation of the Eastern
philosophy regarding the value of Precious Metals, I cite below a paragraph
from James Michener’s fictitious novel “Caribbean”, in
which a young Indian emigrant recounts his grandfather’s description of
love:
“Jewels as a proof of love
– Grandfather said that if an Indian really loved his wife, he gave her
jewels to prove it. I found a diary of a French traveler who wrote in
1871 of my great-great-grandfather’s wife: ‘In Port of Spain
(Trinidad) at the well-known Portugee Shop I met Madame Banarjee, a woman of
great charm who wore on each arm some twelve or fourteen big bracelets of
solid gold or silver. Around her neck she wore chains of the same metal
on which hung large disks of silver embellished with precious stones from
Brazil, while in her nose she wore an immense diamond. Her worth as she
walked to greet me must have been tremendous’.”
Similarly, here is his
grandfather’s description of the Indian belief that Precious Metals
have timeless, and even spiritual value. Remember, India is already the
world’s largest gold market despite centuries of abject poverty.
“How to treat grave robbers
– When the wife of my great-grandfather died, he buried her wearing all
her gold and silver, and an English official protested: ‘ But
you’re throwing away a fortune’, but he replied: ‘She
brought me a fortune, and I would not like to see her in another world poorer
than when she came to me.’ Three days later, when the police came
to the Portugee Shop to inform him that grave robbers had dug into her coffin
and taken all the precious metals and the jewels, he said: ‘They were
hers. She spent them as she though best.’ But when some of the
jewels surfaced in the Trinidad bazaars sometime later, he made careful note
of who had them and of how they had obtained them, and shortly after that
several men were found dead…one by one.”
Those passages never fail to inspire my
belief in the historic value of gold and silver, which for millennia have
succeeded as the ONLY universally accepted forms of
MONEY. I bring them up now because this morning, while reading Gai-Jin,
by another of my favorite authors, James Clavell, I was treated to another
such historic reference.
The novel, which takes place in the
1860s, speaks of the opening of Western trade to the previously closed
Japanese market:
“After years of negotiating,
Harris arranged Treaties later ratified by major Powers that granted access
to certain ports. The Treaties also fixed a very favorable rate of
exchange between Silver Mex, Mexican silver dollars, the universal coin of
exchange and trade in Asia – and Japanese gold oban…”
The point, of course, is no matter what
continent, or time period, you will find references to PHYSICAL GOLD and
SILVER being the primary MONEY of the land. Moreover, in the latter
passage, we are also treated to yet another reference to Western bankers and
politicians taking advantage of those in the East.
And speaking of “sound
money,” what better segue way into Ron Paul’s brief but incisive
take on the latest round of “GLOBAL QE?”
Euro Crisis
Destabilizing the Dollar
Next, to this morning’s action,
although thankfully most of it was covered in last night’s
commentary. Following S&P’s threat of the imminent downgrade
of ALL OF EUROPE, it has also put the comical AAA rating of the European EFSF
Fund on downgrade review, one of the first securities to ever be downgraded
BEFORE it issues even a penny of debt. Like the New York Mets stadium
bonds referenced above, the ratings agencies will give an AAA rating to
ANYONE that pays them a fee, no questions asked.
The EFSF has been DOA for the start, so
why it would be rated is beyond me, and why anyone would
expect this unfunded garbage to trade above junk status is an
even bigger conundrum.
S&P Puts EFSF’s Critical AAA Rating On Downgrade Review, Can
Cut By Up To Two Notches
Meanwhile, the “Arab
Spring” has now spread to Russia, which despite its great government
wealth and rising gold reserves, is still an oligarchy run by an
irrepressible dictator whose prior position was head of the Russian secret
police.
Live Webcast from Moscow Protest against Putin
And finally, a beautiful illustration
of the dangers of “DEBT SATURATION” and “MANIPULATION
SATURATION.” In other words, no matter how much money the Fed
prints, it will NEVER be able to kick start the dying U.S. economy.
These very same liquidity injections, combined with mortgage finance
deregulation and government housing market supervision comparable only to its
successes with Fannie Mae and the CFTC, are what enabled the real estate
sector to become unsustainably leveraged, ensuring its ongoing COLLAPSE for
many, many years to come.
The Chart That Proves The Fed’s Policies Have Been A Failure
And FINALLY, to my RANT topic of the
day, “LITERATI.” I know you are spellbound, the suspense killing
you. Heck, some may have even googled the term, coming up with
the Wikipedia definition referring to intellectuals specializing in the
literary field.
Unfortunately, googlers, you would be
wrong about my reference, which in fact is to the Yahoo Game of the same
name. Literati is Yahoo Games’ version of online
Scrabble, essentially the same with few minor alterations. My wife and
I were addicted to Literati circa 2005-06, spending
countless hours trying to achieve miniscule gains in our player
ratings. In fact, our passion for the game was so intense, we’d
often fight for our one and only computer to play. Boy, times have
changed, as today the two of us have SIX computers!
Anyhow, back then Literati was
the video game equivalent of a “free market,” as for the most
part all games were fair, and all players equal but for their level of
intellectual skill. I really enjoyed challenging others with my wit, as
Scrabble is one of my all-time favorite games, particularly from other
nations, at odd hours to boot. But then something happened, as slowly corruption seeped
its way into the game, taking out all the joy and fairness described
before.
First came the “cursers,”
who wrote vile instant messages throughout the game, to the point I
couldn’t play anymore because I felt so violated.
Next, the “settings
cheats,” who would set game timers to “UNLIMITED” to force
you to quit when they took hours for each move.
Next, the “anagramers,” who
kept internet anagram programs open so they could plug their letters in and
look for the best words. I quickly recognized something was afoot when,
all of a sudden, players started to write big words in short periods of time,
and thus was forced to use anagram programs myself when I came up against
other anagram users.
But anagramming is not foolproof, as
different anagram programs find different words, some of which are acceptable
to the Literati computer, and some which are not.
Moreover, in a timed game, you not only must find the best anagrams, but the
optimal spot to place them on the board. So while the
“skill” involved in playing was greatly diminished, some
semblance of it still existed.
Thus, came the last and final threat,
which permanently destroyed the game for all parties
involved – “Literati Buddy.”
Yes, it was inevitable that a COMPUTER
ALGORITHM would be created to guarantee victory, in this case “Literati
Buddy.” Tied in to your game, Literati Buddy would immediately find
all acceptable anagrams, but not only that would tell you where to place them
and rank your choices by the number of points generated. Once Literati
Buddy was invented, it spread through the game (with tens of thousands of
players) like a malignant cancer, and just weeks later Diana and I had played
our last game.
For those of you not enthralled by this
silly story of how I spent my free time in years past, I’m guessing you
have an idea where I’m going with this. Clearly,Literati is
a dead-on allegory for the U.S. stock market, which a decade ago commenced
its venture to the world of PPT manipulation, and today has been completely,
irrevocably DESTROYED by GOVERNMENT HFT TRADING ALGORITHMS.
As noted in my October 27th RANT,
government interference into financial markets is no different than Bill
Macy’s character in “Fargo,” who was sure a simple staged
kidnapping would work out well for all parties involved. Unfortunately,
at the end of the movie, he was sent to prison while seven others –
including his wife and father-in-law – were dead.
WAVES of buying will buoy gold and silver prices for years to come
The fate of Literati strongly
parallels the U.S. government’s path down the dark road of market
intervention, or from a wider angle GLOBAL QUANTITATIVE EASING. The
U.S. financial situation is terminal, its markets rigged,
and its reputation and influence dying. Unfortunately, this
experience has been shared by cultures throughout history, and only those
free thinkers understanding theramifications of such actions
survived with their lives and fortunes into
the world’s subsequent economic incarnations.
PROTECTY YOURSELF, and do it NOW!
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