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It’s
sad that so much time is spent on this topic, but nothing is more
valuable than understanding the war between TRUTH and OBFUSCATION (or
better put, LIES). I cannot speak for past instances of dying fiat currencies
– of which there have been literally hundreds – but the
COGNITIVE DISSONANCE created by man’s inability to accept the immutable
truth that PHYSICAL GOLD AND SILVER ARE REAL MONEY, and FIAT CURRENCIES
WORTHLESS, is awe-inspiring.
Not
everyone that lies or obfuscates does so to the same end, and in fact, such
reasons are myriad and diverse. Peter Schiff is the perfect example of
someone whose (conscious) neglect of TRUTH is based on a desire to preserve
his “electability.” Frankly, there is NO WAY someone can write as
brilliant an article as the one below – espousing his air-tight views as
to why the U.S. economy will falter and gold will SOAR…
Don’t catch
Recovery Fever
…yet
SPOIL it with the blatantly ignorant comments below…
Gold has
been holding steady in the $1,600-$1,800 band since early October. This could
be attributed to consolidation after last summer’s historic run up to
$1,895, but I think this wait-and-see attitude reflects current market
sentiment toward the US dollar.
In fact, the first few days of April have seen a sharp
dollar rally and decline in gold. This is rooted in deflated expectations of
a third round of Quantitative Easing (QE3) after the most recent Fed Open
Market Committee (FOMC) meeting. Once again, the markets are responding to
the headlines while losing sight of the fundamentals.
This is
especially peculiar because the Fed did not explicitly take QE3 off the
table. In fact, according to the minutes, if the recovery falters or if
inflation is too low, the Fed is already prepared to launch QE3. While there is not much chance of low inflation,
I’ll explain below why the recovery is not only going to falter –
it’s going to evaporate like the mirage that it is!
Yes, a
GLOBAL EXPERT on Precious Metals, who owns a brokerage specializing in PM
investments and wrote a best-selling book on the topic, believes the
free-market is responsible for gold’s recent plummet. He considers the dramatic
PM decline to be “peculiar” given that the MSM PROPAGANDA
“reason” for its occurrence – the end of QE3 – was
clearly NOT signaled by the Fed, yet offers no alternative explanation! Only
in Precious Metals do we see such COGNITIVE DISSONANCE so consistently
– and just as often, outright LIES.
Such LIES
– barely discernible from PROPAGANDA when artfully perpetrated –
are most notably disseminated from government officials aiming to protect the
status quo, in which their own wealth and power bases lie. However, we
also have what Ted Butler calls “raptors,” or trading entities
large enough to profit from the deception but small enough to not be part of
the “system” that creates it.
Before
meeting Andrew McGuire in London last summer – for example – I
considered him a “raptor” for utilizing the obvious Cartel
“signals” of upcoming PM attacks to profit for both himself and
his clients. However, in hindsight I cannot begrudge this action, as he was
just making a living, utilizing
“information” that was he neither created or spread. I probably
would have done the same thing if in his position, and even I – RANTING
ANDY – cannot say for sure that I’d show the same courage he did
when giving up the gravy train to blow the whistle on JP Morgan.
RANTING
ANDY – Demystifying Andrew McGuire
Conversely,
in “David R’s” case, all I see is a pathological liar and
borderline sociopath that enjoys
mocking the forces of TRUTH. He should thank his lucky stars for being given
an amoral personality, plus a trading book dependent on profiting from the most sure “inside information” one could
receive – from the government itself. He vehemently claims PM
manipulation does not occur, while never questioning why so many traders have
fallen by the wayside trading against it.
He
believes his gold trading success – working at the “who’s
who” of criminal banks – is due to unusual market acumen,
something that obviously NO ONE ELSE possesses. He doesn’t question the
blatantly obvious trading patterns, as discussed exhaustively by
myself and Paul Mylchreest in last week’s
brilliant report, “Gold Suppression – Caught Red-handed,”
and likely would sell his mother’s soul rather than to admit market
dynamics are even the slightest bit unnatural.
Paul Mylchreest:
Gold price suppression caught red-handed
He also
ignores the fact that COMEX open interest has plummeted in recent years,
particularly in relation to soaring PM prices. This phenomenon can ONLY be
explained by an exodus of COMEX proprietary trading due to the blatant
market rigging that has caused TENS OF BILLIONS of illicit losses. These
traders employ the same technical and fundamental analysis
techniques that traders throughout HISTORY have utilized in free markets, but
unfortunately we no longer operate in such an environment – on either
the COMEX or any securities market.
Just to
demonstrate his arrogance – as he steals YOUR money trading with
Cartel “signals, ” as well as the perks
of “knowing the JP Morgan and Goldman Sachs traders” and having
“high level contacts” in the Banks of China and Russia –
below is an exchange he had with one of the readers of David Schectman’s Miles Franklin Daily Gold and Silver
Summary.
A
Conversation with Trader David R.on Market
Manipulation
Frankly,
it is hard to believe someone could have brainwashed themselves so
thoroughly, but the unabashed “David R” does yeoman’s work
“refuting” reader J.T. by saying absolutely, utterly NOTHING. His
arguments against manipulation are that he “knows it doesn’t
happen” and the like, as opposed to the reams of IRREFUTABLE EVIDENCE I
and others like GATA have introduced over the past decade. Once again, a
situation where the TRUTH is ignored and PROPAGANDA and LIES embraced, an
evil perpetrated throughout history on the unsuspecting populace, and in this
case by the populace itself.
Better
yet, the eternal COP OUT from confrontation, slithering away from debate
under false pretense. In the case of “Backwoods Jack’s”
Wall Street establishment son, he promised to debate me but instead slunk
into the shadows, while in “David R’s” case, he pretends
debate is not warranted because I don’t agree with him.
I
didn’t realize I was supposed to back up every answer with hard
evidence…. I don’t have time to teach someone how trading works
and how markets work….. if someone can come and explain to me how they
think or believe a market is being manipulated, perhaps that would be easier
than to show and explain how the financial markets work.
I would
love to debate Andrew [Hoffman], but I feel it would be useless, as he cannot
have an open mind that there is no manipulation by the banks in the precious
metals world.
For those
of you on the fence about the TRUE state of the financial markets, please
read a handful of my detail-oriented, proof-backed RANTS, then compare them
to “David R’s” empty platitudes. My goal is to educate
as to not only the TRUTH, but the various forms of LIES one must skirt to
PROTECT ONESELF.
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