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In 1964 the USGovt introduced the zinc dimes clad with silver. They at
least admitted the debauchery publicly. Now pre-1964 silver coins are all
considered different, and valued differently too, higher. Rome
committed the same coinage fraud 1900 years ago. Their Empire went bust as
the city burned almost concurrently. Ayn Rand is a guiding light for Alan
Greenspan, the enabling destroyer of the US
banking system, destroyer of the US
household archipelago, and dispatcher of the US
industrial base to Asia. He is the hero
icon worshipped by Wall Street. The irony is thick, that his career was spent
following Old Europe orders that delivered the slow motion coup de grace to
the American Empire. Ayn Rand wrote "If
you want to know when a society is set to vanish, watch the money. Whenever
destroyers appear among men, they start by destroying money, for money is
men’s protection and the base of moral existence. Destroyers seize gold
and leave to its owner a counterfeit pile of papers." The Chinese are learning this lesson the hard way,
challenged to convert their USTreasury Bonds and USAgency Mortgage Bonds into
true wealth before the paper becomes worthless and untradable. Actually, the
bonds will eventually be redeemed by the USFed with newly printed money, when
an avalanche occurs of foreigners seeking redemption en masse. For almost ten
years they have been exchanging their finished products to the US & West
for paper with ink on it, a veritable counterfeit pile of papers. The Chinese
are cashing in on their paper, trading it for new global power.
NEW TUNGSTEN MINE DISCOVERY
The tungsten deposits come in very high grade ore,
located in shallow rectangular deposits dispersed widely across the world,
segregated in unusual vault heap leach mineralizations. Yes, these guys are
leeches! In October, the Hong Kong
bankers discovered some gold bars shipped from the United
States were actually tungsten with gold
plating. This is the exact same Modus Operandi as the silver clad zinc
dimes from 45 years ago. History repeats itself. The parallels to
mortgage bond fraud with either subprime borrowers or multiple property
titles used in bond securitization is easy to spot. A consistent theme runs
through the American management of finance and dissemination of fraudulent
assets on a global basis. Tungsten gold bars is a feat difficult to surpass.
Credit must be given for not leaving any potential for fraud untapped. The
Goldman Sachs front running of NYSE trades with their Unix box is just icing
on the cake. Fortunately for them, the FBI hustled the whistle blower off and
painted him as a Russian marauder of criminal type. Actually, the front
running flash trade device is more like icing on the cake whose main body is
the naked shorting of bank stocks done by Wall Street firms, whose protector
in the USDept Treasury ordered a halt in the practice after they had finished
shorting and needed help from the market in covering. Thus the Banned Bank
Short List. What a complete comedy of corruption the US
financial assets have become. So word comes of tungsten permeating the
banking system. It appears the syndicate might be opening the floodgates for the
bankers of the world to begin an attempt to corner the light bulb market!!
No disrespect is intended for the trillion$
counterfeits of superstar grade. Refer to the missing $2.3 trillion Pentagon
appropriations announced on 10 September 2001. Actually that is just theft,
at least done by patriots and certain allies. Refer to the JPMorgan recorded
sales of $2.2 trillion in USTreasury Bonds over and above the total issuance
by the USDept Treasury itself. That is counterfeit, by definition, at least
done by the financial envy of the world. Refer to the missing $1.9 trillion
in Fannie Mae funds documented by USDept Housing & Urban Devmt between
the years of 1988 and 2000. That gutting was a presidential skeet shooting
mission, maybe to fund libraries for memorabilia. These are dastardly deeds
of distinction. These are legacy crimes.
The initial discovery was something like four gold
bars, which the Hong Kong bankers drilled
invasively to test the contents. Reminds me of drilling the earth and
measuring how many grams of gold per tonne. The HK bankers hoped to have 99%
gold yield in their drill program for the resident bars. They found something
like 1% instead and 99% tungsten. By
the way, tungsten sells for less than $70 per ton, which makes its swaps for
gold to be 60x more profitable than silver bar swaps. Another handy usage
for the Gold/Silver ratio in calculations. The hunt was on. Now not a single
assayer on the planet is available, as all are tied up. They have been
commissioned to test the gold bars shipped from the United States of
Fraudulent Banker America in their own bullion vaults. They use basic methods
of four drill holes with direct assay of shavings, but also less invasive
methods like electro-magnetic waves to examine the metal lattice structure.
When highest level methods are needed, they turn to mass spectrometry. NOW
ALMOST NO GOLD BARS WILL LEAVE THE LONDON OR NEW
YORK METALS EXCHANGES WITHOUT SOME AUTHENTICATION, AS
DISTRUST IS WIDESPREAD.
The global bankers must deal with toxic bonds and
phony gold bars. Yes, New York City
is the financial center of world, but for fraud. Talk circulates that a
president from yesteryear with his Goldman Sachs Treasury Secretary might
have swapped the entire contents of Fort
Knox. So did they not
only lease the national treasure of gold, but swapped it first, then leased
tungsten gold? Time will tell, as evidence is being accumulated and compiled.
The assayers have also been commissioned to assist in authentication of gold
bar delivery the world over from the US
exchanges. Current estimates among the
gold trader community run well past a few hundred thousand 'salted' gold
bars, maybe over a million. When the Jackass inquired from a reliable
gold trader source as to the timespan for the swaps, the late 1990 decade was
the reply for dates on almost the entire false batches. Actually it is a
mountainous batch. So the introduction to sophisticated Wall Street methods
of currency management during the Decade of Prosperity had a side game
running that were profitable indeed to the guys running the USDept Treasury
and White House. In an age where the lines between patriotism and treason are
blurred, this tungsten episode brings new meaning to the word HEIST.
For some excellent forensic financial analysis on the
fake gold project, called Operation Grand Slam, see Rob Kirby's article. It
is entitled "On Doing God's Work: Gold Finger, A New Take On
Operation Grand Slam With A Tungsten Twist" (CLICK HEREdated 12 November 2009.
BREAKDOWN AT GOLD EXCHANGES
A Jackass article was posted entitled "Hitmen
Contracts to Bust COMEX" in May (CLICK HERE), not without a little stir, even
a removal of the article 24 hours later by one website due to its
controversial subject matter. The article gave warning. The bust cometh, and
it will be spectacular. Enemies come to address the state corruption with
syndicate entrenched. The stories told in the press will be peculiar, since
told by the victimized establishment. The headlines might be a comedy, with
phony reports of foreign subterfuge, when the perpetrators are American and
English, who operate from the new Axis of Fascism. The focal point for attacks
is actually London
at their metals exchange. The early October events included numerous offers
by exchange officials to settle gold contract deliveries in cash with a 25%
extra vig bonus. Or was it a bribe? Much gold was drained from London
on demanded delivery, thanks to a small army of lawyers, a small blizzard of
contracts, and a few key judges at the courts. Gold was taken, thus enforcing
futures contracts, which happen to be binding contracts. The pressure at the
end of November will be worse to make good on gold contract deliveries.
Recall the stories back in April for a Deutsche Bank rescue by the Euro
Central Bank with a very large (over one million oz gold position) provision
made. DBank was in trouble. The pressures are mounting every couple months.
Next March will be a climax of the breakdown, or else June.
Some say naively, or rather ignorantly, that nothing
in the news points to any breakdowns or extreme pressures. Each delivery month event includes more
gold removed from the London exchange, more gold demanded from it, and more
movement toward a breakdown. So the next events have even more pressure,
with less gold supply and continued relentless demand. Recall also that the
exchange, along with the COMEX in the Untied States, exempt the big banks
from maintaining 80% collateral when they short gold & silver with paper
contracts. Thus the name suppression, or better yet corruption. They are
being caught in their naked shorting game. The December 1st events
surrounding settlement delivery demands will be more contentious and
stressful than October 1st. In sequential manner, the March event will be
even more pressure packed, with precious little physical gold in store and
more targeted Chinese delivery demanded. The June event will be even more
pressure packed still, a backup date for a potential breakdown if it does not
occur in March.
The common denominator for the
parties demanding gold delivery in London is simple: they are all Asians,
all, as in all, and the great majority are Chinese. To say the Chinese are trying to
bust the government gold gamers who defend the USDollar is a gross
understatement. They use USTreasury Bond credit supply somewhat as leverage,
to silence the opposition and critics. One can safely conclude that the US and
British banks will be broken with the nexus being their gold management,
which underpins the USDollar. Other pressure is sure to mount. Not the kind
of pressure you might imagine. Pressure is mounting for senior bank
executives and politicians to start revealing the identities, deeds,
locations, and dates of the gold tungsten swap, the mortgage bond firehose,
and other pervasive frauds protected by the USGovt and British Govt. It might
even include producing the true location of the Madoff funds.
GOLD & SILVER BREAKOUTS
The gold & silver prices are moving in lead fashion, and have done
so among the currencies for at least the last three months. The major
currencies fiddle and diddle (as Johnny Most used to say during Boston Celtic
basketball game broadcasts), but gold & silver continue to rise. The Chinese, according to word from
connected sources, intend to push the gold price and the silver price
relentless upward without explosive parabolic moves and without painful huge
selloff corrections. That way, the army of public investors will not lose
heart, and will remain on the path, in full phalanx support of the Chinese
Govt initiative. The Euro currency has hit the 150 level in mid-October and
in mid-November, only to fall back a little. The Euro is not ready for a
powerful move to 160 just yet. Such an advance would bring with it a painful
effect to German exporters again, not desired. As a result, the gold price in
Europe has made significant moves, and is in the process of challenging the
785 high from February. The key to a massive gold bull market is confirmation
in terms of other currencies. The gold breakout is being led globally in US$
terms, since the American Peso is the weakest currency on earth outside
Zimbabwe. It is being recognized as a Third World banana republic currency.
Even the Costa Rican colone currency has made little gains against the
USDollar in the last couple months. Bananas are a chief export of Costa Rica.
Pura vida! GOLD IS TAKING ITS RIGHTFUL PLACE AS THE PREMIER GLOBAL CURRENCY,
AFTER A BREAKDOWN IN THE MONETARY SYSTEM AND INSOLVENCY IN THE BANKING SYSTEM.
My 1130 midterm target for gold has been hit, stated
at least three times this summer and autumn in public articles. One must wonder if a sizeable selloff in gold is
coming. My view is that given the lack of sudden sharp upward thrusts in the
gold price, the prospect of a sharp correction is lessened. Charts tend to
show symmetry oftentimes. Besides, the Beijing Put is becoming well-known in
the financial circles. The Chinese are using some reverse technical analysis,
buying heavily when the gold chart indicates imminent weakness. That way the
clueless Western gold sellers will be denied their cheaper re-entry, and will
be forced to buy at higher levels. The Chinese are employing an unusual
pattern. They are accumulating gold. The Chinese will continue to buy gold
with both hands until the supply is exhausted of turkeys who fail to
comprehend the Paradigm Shift, fail to comprehend the USDollar revolt, fail
to comprehend the broken Western banks, fail to comprehend the endless
stimulus, and fail to dismiss the stupid gold bubble argument that seems to
be floating around in recent propaganda ploys. Its author overlooks the
USTreasury bubble of gigantic proportions.
Whether or not a notable pullback correction comes for gold, who
knows? who cares? This is not a time to go in & out, selling & buying
back a gold position. It is a time to acknowledge a powerful global shift
that will send the USDollar into the dungeon, and deliver gold to unheardof
heights. The next target for gold is 1300. The targets for gold are dictated
by the size of the jumps from the head and shoulder of the inverted Head
& Shoulders pattern. The lost respect from the gold bullion bar fraud,
the Weimar output of printed money, the monetization dependence from global
isolation, and the lack of leadership all tend to pull the USDollar down.
More accurately, these factors will push gold up into a dominant currency
position fully recognized, as nations struggle to rebuild their banks after
toxic US infection that does not end.
G-20 CONFIRMS PARADIGM SHIFT
The Scotland gathering of bankers had some key
signals to report. Note the signal how they ignored the USDollar as a topic
in the open chambers. Conclude they wish for benign neglect, where the US$
can find its true value much lower, and eventually depart as the global
reserve currency. Note the signal how they urged continued global stimulus. Conclude they wish for the major
governments to continue to debauch, undermine, and destroy the major
currencies such as the USDollar, British Pound, European Union Euro, Swiss
Franc, and Japanese Yen. Conclude they wish for the emerging market
economies to be given massive assistance by the industrialized submerged
market economies. The more the prominent older nations render harm to their
banking systems, economies, and balance sheets, the easier it will be for
Brazil, Russia, India, and China to conduct the business of walking the earth
as new leaders. The new BRIC nations will build their dominant positions one
brick at a time. The Paradigm Shift is away from the USDollar, with power
shifting from West to East and in particular toward the BRIC nations. Their
most recent visible victory is killing off the G-8 Meeting, which does not
convene anymore. Not only does the G-20 serve as the global banker conference
forum, but the Chinese have a lead voice, precisely as they demanded.
Creditors win their way.
The commodity currencies are in a different earth
zone. My analysis has stated that the prominent older nations, the so-called
industrialized nations, will not raise their official interest rates. They
will only talk, since their banks are insolvent and their government debt
securities are caught in asset bubbles. The Euro Central Bank is the most
likely to raise interest rates, but only as part of a strategy to split the
EU, to push the Latin PIGS nations (Portugal, Italy, Greece, Spain) into the
cellar while the Nordic nations work to make restore their sovereignty
without forced welfare payments (Germany, Benelux, Austria, Leichtenstein).
The German nation has been drained by $40 billion per year for each of the
last ten years, and resentment is strong. The Australians and Norwegians
hiked their official interest rates in recent weeks. They have commodities to
fortify their national economies, and do not concentrate on the sale of inked
paper in tainted export.
The Paradigm Shift is toward a more legitimate group
of currencies. It is toward currencies backed by hard assets. The currency
basket from the Intl Monetary Fund seems like the temporary device. It is
actually a Straw Man carrying a straw basket. Before the grand shift is
complete to at least one hard asset currency, the doomed currencies will be
bound together with IMF twine. The
bankers believe the IMF straw basket will give them the power to control the
decline of the USDollar, or protect themselves from that decline. The
strategy might succeed. It will surely enable the gold price to climb versus
all currencies. Gold will be like Moses in a basket as a baby, except
moving upstream. The candidates for hard asset currencies are the New Russian
Ruble, the Gulf Dinar, maybe even a New Nordic Euro. The process will take
time, needs intermediary vehicles to carry the load over some bumpy roads,
and urgently needs military protection to enable the new currency launches.
EXIT STRATEGY & WEIMAR DOLLARS
No exit strategy is available either to the Untied States or the
British. The USFed conducted its comical pathetic display to announce the
USEconomy remains weak with slack capacity, and that an ultra-low official
interest rate would be firmly fixed for a long time still. No surprise here!
What they did not say is that, like with Japan, they have no possible exit
plan. Now almost twenty years later, Japan is stuck with a near 0% rate. If
the USFed raises interest rates, they pop the biggest financial bubble on the
planet, USTreasury Bonds. The USFed is
further hindered since Wall Street is playing the Dollar Carry Trade.
They are borrowing 0% money in US$ and investing in commodities like crude
oil and US stock indexes. Other players are using the free borrowed money to
invest in gold. In fact, just today St Louis Fed President Bullard stated his
expectation of no further USFed rate hike until year 2012. It is funny how
the farther the bankers are from Wall Street, the less their judgment is
clouded.
The Exit Strategy will lead to a road paved by
Weimar Dollars. The world's
major financial centers outside the central bank accomplices are ditching
their dollars. They are diversifying out of US$-based bonds of all types.
They are accumulating gold. Some are investing in facilities that are
vertically integrated with commodity production, transport, and trade. Like
China! The USGovt is investing, by contrast, in clunker cars, still more
houses, dead car industry, spoiled AIG insurer, a mortgage cesspool Fannie
Mae, pork projects (see unused airport in Johnstown Pennsylvania), and phony war
on terrorism for syndicate gain. Quite a contrast! With the news spreading globally about tungsten-laced gold bars, or
actually gold-plated tungsten bars, the reputation of the Untied States will
grow more tarnished, and more regarded as the most diversified field of
financial corruption in modern history, if not all human history.
In time, the only friend of the USDept Treasury to finance its steady
stream of Trillion$ in debt will be the Printing Pre$$. Without the printed
money to pull off the auctions, they would be utter loud failures. Without
the USDollar Swap Facility, foreign central banks would not have funds to use
in Treasury auctions. Without the funds from foreign USAgency Mortgage Bonds
sold to the USFed for freshly printed USDollars, the foreign central banks
would not have funds to use in Treasury auctions. Without the Permanent
Market Operations used to scoop up all the unsold bonds stuck with primary
dealers, one week routinely after each auction, dealers would be unable to
participate in the next Treasury auctions. They would suffer from bond
constipation. The key event in the
next few months, pushed by the foreign disgust at fraud more pervasive than
ever conceived by ordinary man, is THE EXPOSURE OF MONETIZATION for
support of the USTreasury Bond. The debt monetization remains a dirty
secret, well concealed by the USGovt and the financial press. What comes is
isolation, and to those isolated, their best friend will be a Printing Pre$$.
Exposure comes, with detrimental impact to the USDollar. The resulting
tarnish to the USGovt image and Wall Street reputation (as though it could be
further ruined) will be reflected on the USDollar. In time it will fully
resemble a Third World currency. The process will take time, but hyper-inflation
is coming to US shores. Where are the Deflation Knuckleheads who tended to
dominate the web journals last spring and summer, in incredible dense vapid
clueless fashion??? What a tremendously misguided group. They follow
religiously the deteriorating economies, miss the twin storm, ignore the
power of the unprecedented monetary inflation, and somehow overlook the
entire global movement if not revolt against the USDollar in a grand Paradigm
Shift. They represent the worst economists in the alternative media on web
journals. Their tunnel vision on the falling asset price effect left them
vulnerable to missing a tsunami on their own doorstep, incredibly. They still
do not offer an explanation of why crude is at the $80 price level again.
Supplies of oil are nowhere as great as the false USGovt statistics indicate,
but the entire world is hedging at the same time against the US$ with oil
assets.
OBAMA VISITS THE LEAD US CREDITOR
During the president visit to Beijing, Obama has been reminded of who
the master creditor is. It is China. In public no discussions are made of the
Chinese concentrated pressure in London at the metal exchange. Taboo topic.
The US President has slipped on three key topics, with mention of the human
rights issue, currency manipulation, and the future of communism. The US has
no place to lecture any other nation. In the US the new development is
dangerous virus vaccines, its resulting debilitation, and confiscation of
life savings via Wall Street fraud, so keep human rights talk down. In the US
the new development is formation of the Politburo with Czars (without legal
power) and the confiscation of homes by Fannie Mae. The rental of Fannie Mae
homes after lost title through foreclosure is the last roadway to state
ownership of property once held by the proletariat. So keep talk of communism
down. In the US the chronic ongoing development is interventions in financial
markets with an objective to maintain the USDollar at least double its true
value, and to lift stocks of big banks that are insolvent after phony
accounting rules were adopted, endorsed, blessed as good. So keep the
currency manipulation talk down. China
is actually moving toward capitalism, while America has forgotten what
capitalism is, and marches with right foot in fascist mud and left foot in
communism mud. Some call the US president a puppet of Wall Street,
confirmed by his appointment of Goldman Sachs to run the Dept Treasury.
The Chinese serve as the spearhead to displace the USDollar from its
perch as the global reserve currency. They realize fully that the battle that
must be won is over the Gold-Dollar fiery rod. The Chinese might be
orchestrating a gold price move to 1150 and a silver price move to 19 just to
slap the US face a little during the state visit. Creo que si!
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