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The USA’s private banker club, the
Feral ‘er Federal Reserve, has come to the
end of the road. With each and every QE event, it takes much more
inflationary-cash-bonds-credit-push-media-talk to manage and move these
markets, keeping them on the right side of the fence.
The FOMC and their other central banker
gang members have obtained full control of the interplanetary money and
credit system by stealing anything that moves and piling on gargantuan debts
beyond any comprehension. Who can count into the trillions? They can’t
and we can’t either. It doesn’t matter any
more as all logical thinkers understand these bills and debts will
never be paid, can’t be paid, and they were never meant to be paid
either.
This entire 1913 central banker credit
promotion was about power, control, and instigation of one global currency.
They knew all along they had to smash the middle class and make all folks
government dependent. Owning the ability to originate credit and currency out
of thin air is the primary tool. Well, so far it’s working, but the
forthcoming backlash will indeed be something to behold. We recommend reading
Adam Fergusson’s book “When Money Dies” to learn the
ending. It is beyond ugly. We really don’t care and have zero
compassion for these gangster leaders.
To keep the game in play they have to
maintain the central banking structure and system which includes the
following tools: The USA’s FOMC, central banks in all major nations and
a few smaller ones, the IMF, World Bank, Bank for International Settlements,
ECB, the UN, parts of NATO and the related military establishments in all of
these sectors.
It’s no longer working as critical
pieces and parts are falling off the banker/political truck.
Since these boyz
have stolen it all and they hold all the paper, the really big and nasty
surprise is that their huge bag of loot now goes valueless; as in bathroom
tissue has more intrinsic goodness. So what can the FOMC do with their
creation: this stinking bag of credit crap? They can only shuffle the window
dressing deck chairs, perpetuate media lying and hope for the best in their
grand game of extend and pretend. Meanwhile, their pleasant little lives are
crumbling.
We can all plainly see its coming apart
with a sinking morass in Europe, falling exports in China, fear in the global
stock markets, and those on-going, massive corporation lay-offs as CEOs struggle
to build cash and hunker down for the nuclear credit winter now upon us.
The victim’s list is miles long
including colleges and universities, private capital, savings, pensions,
employment, small business, larger corporations, global stock and credit
markets, business credit, and of course government itself as in Greece-land
makes a crash landing.
About three years ago we clearly
remember one day when we were doing a complete run-through on all our major
charts to note primary signals from each and every one of them. The objective
was to find major trends, sort out the weak sisters and discover the best of
the best. One market trend can be helpful, but if you assemble a picture of
several moving parts in several markets, clarity prevails. And, did it ever
prevail on that particular day!
Wow! On that very day, we exclaimed out
loud that ALL were in crash and burn mode with not one of them showing
anything positive. This was some time ago and the exact date is fuzzy but it
must have been just prior to the marvelous extravaganza fun time known as the
2008 Lehman disaster. And, of course, the following announcement of TARP CITY
after our esteemed USA Treasury Secretary finished his paperwork giving
himself immunity from criminal prosecution.
Since those days, we have seen stuff we
could not even imagine in a fiction novel. Government loans to private
industry in prodigious amounts, lawless activity running amuck with no
congressional discussion or approval, court decisions from a comic book, and
numerous political favors covered with billions in unlawful handouts. Who
would have thunk it?
Well, get used to it, as you have not
seen anything yet. The second Obama administration will continue to expand
their particular brand of social communism in America and throughout the
world.
The forthcoming American apocalypse will
be preceded by similar events in Europe. The only good thing for the United
States is we will have front row seats to a European crack-up unknown in
prior history. This gives Americans a good idea of what happens to us when we
get our turn in the Greater Depression Repression barrel in the near
future.
Europe (being composed of so many small
and a few larger nations) with numerous languages and cultures will slide
back into former tribal divisions we understand so well from reading history
books. Recall those tribal national histories of medieval Europe and you get
the picture.
Those with long memories and a good
education of Europe from 1875 through 1945 can pretty much guess what happens
in the next European decade. First, Germany’s neighbors are becoming
very uneasy as to where Germans go next in the aftermath of this economic
disaster. They remember very clearly the years of 1914-1918 and 1933-1945.
Will this happen again? We think not, given the social, educational and
awareness status of Germans today, but who knows?
However, if you think Germany is going
to roll over and be the ECB paymaster for all of Europe in our current credit
game, think again. When the Euro Currency and Euro-land central banker and
political power ends -it is ending- the wrath of Germany will be,
shall we say, quite interesting.
Early signals in the United States which
are causing greater fear are: encroachment-demands of politically correct
speech, media spam spinning control of the news, illegal gerrymandering of
voting districts to control elections, shifts in political power to the
courts and to foreign agencies like the UN, more creation of group rights
versus individual rights, escalation of racial problems related to welfare,
voting, housing, courts, and retaliation. These are all creating further
division. The illegal immigration problem has moved to a point where illegals
are given full rights of legitimate American citizens.
As the above list spreads, more cultures
will move toward segregating themselves into sectors and housing where they
stand alone in defiance of others. Much of this is hereditary in the
cultures, but much of it will simply be for pure safety and self-defense.
Attempts to seize guns or gold will not
work nor will they probably become law. Both are for the most part
uncontrollable. However, gold transactions can be heavily taxed and
controlled through both new and old law. We would expect most of these types
of things would tend to slide under the radar and be buried in any prominent
national discussions.
As economic reality arrives, entire
systems of credit and collection, growth, failures, and market relationships
come into question. We’ll hear more pathetic cries for shared sacrifice
and attempts to induce the herd to give up their cash, credit and social
rights for the good of people. At first some fools will comply…a
little… but then a massive shift goes toward each man and woman for
himself or herself, leaving the politically correct herd in the dust. These
ideas and that very social movement will collapse and die under the weight of
Greater Depression Repression II.
Our readers and those following this
kind of thinking know what to do.
The movement toward hard assets has long
been underway among forward thinkers. Migration away from “The
System” and into one of Virtual Independence is the trend.
It’s not new to some of us but the street herd is newly shifting in
that direction, following those advanced thinkers who have gone there before
the majority.
And, what becomes of the FOMC and their
buddies? Well, a bill was passed to audit these folks but we see no action
when the results are found. Rather, the FOMC and numerous other controlling
agencies will just cease to exist when their power and credit punch bowl is
smashed into the smoking ruins of international bond markets. No bonds, no
cash, no money, no power.
Gold this week has found its legs along
with silver. Obviously, those with market power will try to sell it and suppress
it. Listen carefully: this cannot work forever. Outside influences in Asia
and other nations could care less what happens in the FOMC’s Paper
Land. They would just as soon end it as not, and that’s where
markets go as powerful Asians and Middle Easterners buy gold.
Take reasonable preparations and be an
independent, operating in a daily realm outside of the system. As one old
family neighbor, a Mennonite farmer once said: “The 1930s for us was a
big yawn. Nothing changed and we had no hardships. The only thing different
for us is we had lots of good, clean, extra farm food and we helped to feed
our neighbors. It all went along just fine.”
We wonder what happens in urban
locations where those folks are living on plastic day-to-day?
It’s probably just better to not think on that one for very long. That
could make nightmares.
We did forecast the last two larger gold
rallies including this week’s move. We did technical analysis forecasts
in 2005 for gold at $2,960 and silver at $156. Both numbers have been re-done
creating new data. Alf Field’s TA did a recent forecast of $4,500 gold.
Our previous one for his cycle was $4,450 …close enough. We can see a
silver high of $256 and one of our best analyst friends says $450. Of course,
they’ll all take more time. We think we are safe with current PM
rallies until 2017, and maybe even until 2024. We’re not certain about
the 2024 date extension for now.
The Greater Depression Repression II
is swiftly taking hold now and layoffs will be legendary. Housing has -20%
more to drop for the USA national average. Joblessness goes to 30%-35% and
food stamps over 50 million to 60 million. We get a 2013-2014 World War in
the Middle East and Obama is re-elected. Inflation goes to hyperinflation.
Not happy stuff but it’s not the end of the world either. Somebody
please tell us when the global bond markets crash for good and we’ll
tell you when this can all get better and we can start all over again, maybe
with a partially backed fiat gold currency.
Roger Wiegand
www.webeatthestreet.com
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