week’s round table podcast with Elijah Johnson of Unconventional
Finance, Bix Weir made a comment regarding how
overt market manipulations have become. And not just the blatancy of
stock, bond, currency, and PM interventions – per the rote machinations
I discuss EVERY DAY. I believe he used the term “official
manipulation,” which gave me the idea for this RANT…
Round Table Podcast – Ranting Andy, Bill Murphy, and Bix Weir
It is public
record that the “President’s
Working Group on Financial Markets” is charged with supporting U.S.
stocks; the Fed with purchasing Treasury bonds via “QE”,
“OPERATION TWIST,” and “ZIRP”; and the “Exchange
Stabilization Fund” with gold and currency intervention; not to
mention, equivalent organizations in nearly ALL sovereign nations. However,
even after the past four years’ market CHAOS – following Global
Meltdown I – the investment world and MSM have largely kept their
heads in the sand, pretending markets were freely-traded and hoping
– for instance – that the “DOW
JONES PROPAGANDA AVERAGE’s” strong performance
“signaled” good times ahead.
did the litany of official intervention programs (such as TARP, QE,
Operation Twist, and LTRO) suggest otherwise, but the public in general
– due to ignorance, exhaustion, helplessness, and
other factors – utilized the ultimate cognitive dissonance in
making such assumptions, when not only did economic data continue to decline,
but both of the “traditional safe havens” – gold and
Treasury Bonds – kept rising.
Then came last summer’s Global Meltdown II –
yielding MORE official intervention programs – and this
spring’s Global Meltdown III, with still MORE official meddling.
Regarding the latter, bailout promises have grown so BOLD, and the BS so
THICK – from the (unfunded) “Spanish Bank bailout” to the
(unfunded) “European bailout” to Draghi’s
“Whatever it Takes” comments – that finally, the
world is realizing the hopelessness of the situation, and artificial
nature of MOST markets.
I write of plunging market volumes and anomalistic behavior;
and FINALLY, articles validating my work are EXPLODING worldwide. I have
already written five-plus hours this morning – with my Afternoon
commentary to come – so I am not going to list the dozens of
articles, podcasts, and videos describing the manipulated nature of markets
that I have already posted on this blog. Let alone, the MASSIVE market
manipulation frauds emerging each day, such as “LIE-BOR.” Heck,
even gold manipulation is getting press from previously unknown sources (such
as CNBC!); and I assure you, the world’s “BIG, SMART MONEY”
is paying attention.
won’t be long before “OFFICIAL MANIPULATION” is widely
understood to be the primary factor moving worldwide financial
markets, particularly those most VITAL to the very functioning of
the GLOBAL BANKING AND MONETARY SYSTEM. Once that “rubicon”
is crossed – which I anticipate in the VERY near future – the
WORLD as it was “always” perceived will NEVER return.
And if you
have not PROTECTED yourself by then, it will be too late.
YOURSELF, and do it NOW!