“The European Central Bank used the proceeds
from gold sales to boost its U.S. dollar reserves in 2009, helping lift the
dollar…
The ECB also confirmed it had not intervened in
currency markets in 2009. The last time it intervened was in 2000.”
“ECB simultaneously confirms and denies
currency intervention”
By Sakari Suoninen, London
Reuters via GATA, 4/19/10
“The ranks of unemployed individuals grew by
134,000 last month from February, to 15 million, the Department of Labor's
Bureau of Labor Statistics says. But it also is plausible, the agency says,
that the number of unemployed rose by 500,000. Or, it could have fallen by
200,000.
In fact, at a time when high unemployment tops many
people's worries about the economic recovery, the BLS can say only that it is
90% confident that the true change in the number of unemployed in March was
somewhere between a drop of 243,000 and an increase of 511,000. In other
words, it isn't even clear whether the number of unemployed rose or fell last
month. The ranges are similarly broad for seven of the last 10
months—and for more than 75% of the time in the past decade.”
“It Is 90% Certain That Unemployment
Rose… Or Fell”
Carl Bialik, Wall Street Journal, 4/17/10
The ECB simultaneously confirms and denies Currency Market Intervention,
and Unemployment Rose…or Fell according to the BLS. Eh?!
Investors should seriously focus on the Misinformation, Disinformation
and Outright Lies generated by Officialdom around the World. The capacity to
identify falsehoods and obtain accurate data is essential to profiting and
protecting wealth. Here we outline several challenges and then offer a few
Guidelines and Sources to aid in that quest.
What do we know about currency Intervention? We know that
(according to the Centrals Bankers own bank –The Bank for International
Settlements) there are certainly enough Dark OTC (i.e. not Exchange
Traded) Derivatives available to the Mega-Bankers to Manipulate currencies
– over $48 Trillion Notional Value (as of June, 2009 - see www.bis.org,
path: Statistics>Derivatives>Table 19) in foreign exchange contracts.
And we know the ECB simultaneously claims they do and do not intervene
in the currency markets.
And we now know, in spite of repeated denials, that a Fed-led Cartel*
has been and is
·
Suppressing Precious Metals Prices, and
·
Intervening in other Markets
(See Deepcaster’s Articles: “Defeating
the Cartel... With Profit, Part 2” (06/19/2009) and “Is The
Cartel Failing? What Next?” (04/16/10) in the ‘Articles by
Deepcaster’ cache at www.deepcaster.com)
Even the Mainstream Media has started reporting on the ongoing (for
several years) Precious Metals price suppression, as the New York Post
article we discussed last week indicates.
*We encourage those who doubt the scope and power of
Overt and Covert Interventions by a Fed-led Cartel of Key Central
Bankers and Favored Financial Institutions to read Deepcaster’s
December, 2009, Special Alert containing a summary overview of Intervention
entitled “Forecasts and December, 2009 Special Alert: Profiting From
The Cartel’s Dark Interventions - III” and Deepcaster’s
July, 2009 Letter entitled "A Strategy For Profiting From The
Cartel’s Dark Interventions & Evolving Techniques - II" in the
‘Alerts Cache’ and ‘Latest Letter’ Cache at
www.deepcaster.com. Also consider the substantial evidence collected by the
Gold AntiTrust Action Committee at www.gata.org for information on precious
metals price manipulation. Virtually all of the evidence for Intervention has
been gleaned from publicly available records. Deepcaster’s profitable
recommendations displayed at www.deepcaster.com have been facilitated by
attention to these “Interventionals.” Attention to The
Interventionals facilitated Deepcaster’s recommending five short positions
prior to the Fall, 2008 Market Crash all of which were subsequently
liquidated profitably.
And we know Official Statistics are often Bogus.
In order to make profitable investment decisions, it is essential to
have the Real Data, such as that provided by Shadowstats.com, on the U.S.
Economy. Shadowstats.com calculates Statistics the way they were calculated
before Official Manipulation began in earnest in the 1980s and 1990s. For
example, compare the recent Real Numbers with the bogus Official Numbers.
Official Numbers vs. Real Numbers
(per Shadowstats.com)
Annual Consumer Price Inflation reported April 14, 2010
2.31%
9.47% (annualized April 2010
Rate)
U.S. Unemployment reported April 2, 2010
9.7%
21.7%
U.S. GDP Annual Growth/Decline reported March 26, 2010
0.06%
-4.62%
And we know there would be cries of outrage, justifiably, if consumers
knew that the Real Inflation rate was now raging at 9.47%
(Shadowstats.com) rapidly diluting the purchasing Power of the U.S. Dollar
and the value of U.S. Dollar-denominated Assets.
And now, of course, Major Financial Institutions have been accused of
Lying to us. How could it be?!
Yet one other Major Challenge faced by Investors is the inordinate
influence/control the Mega-Financial Institutions have over the U.S. Congress.
Just consider the Gift to the Mega-Banks which Mega-Bank Servant U.S.
Senator Chris Dodd has put in his financial “reform” bill.
“* Dodd authored the Bailout bill of 2008
* Then he secretly inserted the AIG bonus loophole
into the Stimulus bill of 2009
And Dodd's not done yet! His financial
"reform" bill creates a $50 billion fund. If any of Wall Street's
large financial firms is on the verge of collapse, the government will take
it over and use the fund to pay off creditors.
Smaller companies will be shut out of the program. If they fail, they will go bankrupt and creditors
will lose their money. But if a Big Boy firm fails, its creditors will be
bailed out.
Potential lenders will see that the Big Boys are
protected by the government. That's a HUGE and UNFAIR advantage.
We must fight this injustice! Tell Congress to
oppose this bailout scheme…” (Emphasis added.)
“Senate Banking Chairman Chris Dodd has quite
a track record protecting Wall Street's Big Boys at your expense.”
James Wilson, Assistant Communications Director,
DownsizeDC.org, 4/22/10
Such an ostensible “reform” would not only be unjust, and
another potentially huge liability for Taxpayers, but also is Moral Hazard in
Spades!
Indeed, the Dodd bill grants unlimited Bailout Authority to the
private for-profit Fed, as well as the power to take over “nonbank
financial institutions” and to decide which institution those are.
Outrageous!
So, what should an Investor do in the face of Market Manipulation,
Bogus Statistics and Mendacity, Misinformation and Disinformation.
Consider the following to Profit and Protect.
Hard Assets Partisans have the opportunity to become
involved in Political Action to diminish the power of The Fed-Cartel. It is
truly outrageous that the average unsuspecting citizen, and prospective
retiree, can and does put his hard won assets in Tangible Assets and/or
Retirement Accounts only to have those assets effectively de-valued by Cartel
Takedowns, U.S. Dollar Devaluation and other Cartel actions. This is
extremely injurious to many average citizens in many countries who are saving
for the rainy day or retirement and have their retirement and/or reserves
effectively taken from them. In order to help prevent this and similar
outrages, we recommend taking two steps:
a) Become involved in the
movement to Audit and then abolish the private-for-profit U.S. Federal
Reserve as Deepcaster, former Presidential candidate Rep. Ron Paul, and
legendary investor Jim Rogers, all have advocated. The ‘Audit The
Fed’ Bill is H.R. 1207 (and has over 280 co-sponsors) and S604 in the
Senate; and The Abolish The Fed Bill is H.R. 2755.Unfortunately these bills
have been watered down in this session of Congress. But the battle is not yet
over. Insist on a stand-alone vote on these bills.
b) Join the Gold AntiTrust
Action Committee, which works to eliminate the manipulation of the Gold and
Silver markets (www.gata.org). GATA is a nonprofit organization, which makes
a great contribution by gathering evidence regarding the suppression of
prices of Gold, Silver and other commodities.
Best regards,
Deepcaster LLC
Deepcaster.com
April, 17, 2010
Wealth Preservation - Wealth Enhancement
Financial and Geopolitical Intelligence
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