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Recent activities

Deepcaster created a blog entry Surmounting Distorti...


Booming Initial Estimate for Second-Quarter GDP Largely Was Fluff….

“With the government’s estimates of GDP activity so far removed from reality, the issue here is not whether the U.S. economy is booming along or not. It is not; it never recovered from the collapse into 2008 and 2009. The issue with today’s numbers is in the timing of a more-formal financial-market and political recognition of the issues and ongoing severe difficulties involved here for consumers….

“The GDP remains the most-worthless and the most-heavily modeled, massaged and politically-manipulated of government economic series. It does not reflect properly or accurately the changes to the underlying fundamentals that drive the economy. Underlying real-world economic activity suggests that the broad economy began to turn down in 2006 and 2007, plunged into 2009, entered a protracted period of stagnation thereafter—never recovering—and then began to turn down anew in second- and third-quarter 2012…

“…the full economic recovery indicated by the official, real GDP numbers remains an illusion. It is a statistical illusion created by using too-low a rate of inflation in deflating (removing inflation effects) from the GDP series….”

“Second-Quarter 2014 GDP, GDP Benchmark Revisions, Household Income,” Commentary Number 646, John Williams,, 07/30/2014

Main Stream Media Distortions and News Blackouts coupled with Bogus Economic Numbers and “Communications Policy” Distortions from the U.S., European and Chinese Central Banks, and others Misleads Investors and puts their Investments at Risk.

Deepcaster aims to continue to inform investors of these Disinformation Risks before the fact. For example, we have reiterated the Dangers of the Massive and Intensifying Worldwide Credit/Debt Bubble which reared its head with Greece and Cyprus and now in Argentina’s Default.

The most Recent Official Statistics’ Distortion is reflected in the 2 nd Quarter U.S. GDP Numbers which correctly labels “‘Fluff’, massaged and Politically Motivated.”

So here we Identify Major Distortions and News Blackouts to inform Investors and to facilitate Wealth Protection and Profit.

Yet another Major Threat arises from Central Bank Monetary Hyperinflation.

“Monetary Malfeasance by the Federal Reserve is seen in its process of seeking to provide liquidity to a troubled banking system, and also to the U.S. Treasury, with a current pace of monetization at 94.1% of effective net issuance of the Federal Debt to be held by the public so far in calendar year 2014 (through July 16 th), 75.3% since the January, 2013 expansion of QE3.”  

John Williams,, 07/23/2014

Extraordinary it is that the pace of Fed Monetization of U.S. Treasury Debt issuance continues to accelerate and has now reached 94.1% of Net Issuance.

This means that there is a dramatically decreasing Real (i.e., from other sovereign or Institutional Investors) Demand for U.S. Treasuries, and, by implication, for the U.S. Dollar.

But regarding Net New Issuance, the Monetization “Music” must stop at 100%.

But consider that, regarding Timing, we are nearly there Now.

This Ominous Trend spells Trouble, Serious Trouble for the U.S. Dollar as World Reserve Currency, and indeed as a Reservoir of Purchasing Power and Wealth.

The Tipping Point for the $US is very Near, so Deepcaster increasingly reiterates his Timing Forecasts.

Thus, the Consequences of a dramatically weakening $US for $US-denominated Assets (and, since the $US is still the World’s Reserve Currency, for Most Major Assets) will be Profound.

And these Consequences will begin to become evident very soon.

Former OMB Director, David Stockman, Counters the Main Stream Media Spin and Blackouts, and lays out the Essential Fundamentals.

“The 2008 Wall Street meltdown is long forgotten, having been washed away by a tsunami of central bank liquidity. Indeed, the S&P is up nearly 200% from its March 2009 low. Yet four cardinal measures of Main Street economic health convey nothing like a 2X pick-up from the post-crisis bottom.

“To wit, in June the count of breadwinner jobs was 68.5 million or 5% below where it stood as the crisis got underway. Likewise, business investment in real plant and equipment is still 5% below its late 2007 peak. So too with the real median family income at about $53k—it’s still down by 6%. And unlike past cycles where safety net programs like food stamps shed recipients as the recovery gained momentum, there are still nearly 47 million Americans in the program compared to 30 million in March 2009.

“This juxtaposition has been explained away by Wall Street stock touts under the heading that “this time is different”. … owing to record corporate profits and an upward re-rating of PE multiples reflecting lower than historical interest rates. And, indeed, the raw facts can be marshaled to this end. (For example) … profits are at 60-year highs.

“This is just the trouble, however. The robust rate of profit growth during recent years reflects a one-time gain in the profit share of factor income. This gain in all probability cannot be replicated again … (and) is extremely vulnerable …

“The same can be said of low interest rates. … No amount of money printing and financial repression by the central banks can keep yields on the massive trove of $12 trillion of publicly-held treasury debt at a negative after-tax and after-inflation rate indefinitely.

“… PE multiples are at the top of their historic range and at a point of extreme vulnerability where market crashes have invariably occurred in the past. …

“Given these adversities, there is no reason to assume that US real growth will sharply accelerate from the tepid trends of the recent past….

“And that points to the real evil of monetary central planning and the serial financial bubbles that it inexorably produces. Bubbles are only recognized after the burst into a flaming crash….”

"This Time is Not Different: Why the Market is headed for a Fall," David Stockman, 07/24/2014

Indeed, the BIS, the Central Bankers Bank, warned at the beginning of July 2014, that there are “dangerous new asset bubbles.” Yes, indeed!

And as a further Impending Threat to $US Dominance, a whole variety of Major Countries (including several of those in the Western Alliance) are entering into Bilateral Currency-Swap Agreements with China, thus excluding the $US. And when the $US Falls, the U.S. Economy and Markets Crash along with it.

As well, it is clear the BRICS Nations (Brazil, Russia, India, China, and South Africa) are rapidly moving toward a non-$US based World Reserve Currency, and indeed, an Alternative Central Banking System, thus bypassing the IMF. This BRICS recently met to create the $100 Billion BRICS Development Bank and a Reserve Currency Pool of Similar Size!

Compounding the problem is the compelling evidence that The Fed is increasing QE not “tapering” it. Were this Evidence to become widely accepted as Reality, it would be very $US Destructive and very Bullish for Gold, by the way.

Consider the Evidence for former Asst. Secretary of the Treasury, Paul Craig Roberts.

“Is the Fed ‘tapering’? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.

“From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.

“Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 percent of Belgium GDP?

“No, Belgium’s trade and current accounts are in deficit.

“Did Belgium’s central bank print $141.2 billion worth of euros in order to make the purchase?

“No, Belgium is a member of the euro system, and its central bank cannot increase the money supply.

“So where did the $141.2 billion come from?

“There is only one source. The money came from the US Federal Reserve, and the purchase was laundered through Belgium in order to hide the fact that actual Federal Reserve bond purchases during November 2013 through January 2014 were $112 billion per month….

“Why did the Federal Reserve have to purchase so many bonds above the announced amounts and why did the Fed have to launder and hide the purchase?

“Some country or countries, unknown at this time, for reasons we do not know dumped $104 billion in Treasuries in one week….

“The Fed realized that its policy of Quantitative Easing initiated in order to support the balance sheets of ‘banks too big to fail’ and to lower the Treasury’s borrowing cost was putting pressure on the US dollar’s value. Tapering was a way of reassuring holders of dollars and dollar-denominated financial instruments that the Fed was going to reduce and eventually end the printing of new dollars with which to support financial markets. The image of foreign governments bailing out of Treasuries could unsettle the markets that the Fed was attempting to sooth by tapering….

Washington’s power ultimately rests on the dollar as world reserve currency. …

If the world loses confidence in the dollar, the cost of living in the US would rise sharply as the dollar drops in value. Economic hardship and poverty would worsen. Political instability would rise.

If the dollar lost substantial value, the dollar would lose its reserve currency status. Washington would not be able to issue new debt or new dollars in order to pay its bills….”

“Fed Disguising QE by laundering it through Belgium,” Paul Craig Roberts,, 05/12/2014

And if we look at The Real Numbers and not the Bogus Official Ones, the U. S. Economy is not nearly as Robust as the Main Stream Media would have us believe.

Seriously-Flawed Headline Jobs Growth and Unemployment Reporting Miss Underlying Reality by a Wide Margin. May 2014 headline jobs growth of 217,000 and headline unemployment at 6.3% both were close to market expectations, but they were far removed from common experience and underlying reality….

“With broad unemployment topping 23% and with monthly payroll-employment reporting currently overstating jobs growth by a couple of hundred thousand jobs, the economy never recovered from its plunge into 2009. It also is not about to recover, but instead it is turning down anew, as other discussed in 2014 Hyperinflation Report-Great Economic Tumble – Second Installment….

“…Headline employment reporting currently overstates monthly jobs growth by at least 200,000…”

“Monthly Payroll Gains Overstated by 200,000-Plus Jobs,” Commentary Number 633, John Williams,, 06/06/2014

And even the most recent Headline numbers reflected weakening Job Growth!

Yet Fed and other Major Central Bank Policy is not helping, and indeed is hurting Retirees, Savers and the Middle Class, the Bulwark of Consumer Spending, 70% of the U.S. Economy.

And we note another Ominous Trend: in June 2014, 523,000 full-time jobs were lost, but 800,000 part-time jobs were created for a net gain of 288,000 “jobs.” Progress? Hardly!

For a Chart comparing other “Bogus versus Real” Statistics, see Note 2 below.

As well, confirming the foregoing

“…We learned this week that the net worth of the median household in the U.S. was 43 percent lower in 2013 than it was in 2008. This is remarkable but not surprising. Think about that. Net worth has declined by almost half. Yet if you listen to pundits and the Central Planner economic reports, including those from the Fed, they would have you believe everything is chugging along nicely. Bullbleep. 1 st quarter U.S. GDP was negative. It could be revised lower soon. If we see the second quarter also negative, then by the Central Planners’ own admission, the U.S. would officially be in a recession. Weather related? That dog don’t hunt.”

“Housing is at a freeze, construction is at a standstill. Down payment requirements are ridiculously high…. This is a bad situation. It will act like a black hole, eventually sucking/contracting our economy so fast and deep that the Fed can print all the cash it wants to and hand it to Wall Street and it will not have a meaningful effect on reversing the economy. Five trillion was just printed since 2008 and handed to Wall Street and most of it didn’t get into the hands of the general public. Only a few benefited. It caused a ton of inflation which is not reported in the CPI numbers. Food, medical and housing inflation. Automobile price inflation.

“About every mistake that can be made by the Central Planners is now underway….”

Robert McHugh, Ph. D, 06/27/2014

The Consequences of the foregoing Realities and Trends for the Economy, Key Equities Sectors and $US are Grim. But to comprehend the likely extent of those consequences and for Indications about how to surmount them and to Profit and Protect Wealth, consider the following overview of the International Fiat Currency System through an analysis of the prospects for Gold, Silver and the U.S. Dollar;

Mark Thornton: “…I have been studying this issue ever since. The only thing that has really surprised me about this is that it has taken so long to get to this place in time and by this place, I mean a world in which fiat money is the sole circulating means of exchange and where central banks are engaged in a world currency war, trying to manipulate the value of their currencies downward in a simultaneous battle across the globe. But in particular the United States, the European Central Bank, Japan, and China and then of course many other countries engaged in the war in a defensive status where countries like Switzerland and Norway are pumping up their money supplies and engaged in quantitative easing in order to stabilize the exchange value of their currency.

“So here in the United States, the ramifications of that are fairly easy to see that the Federal Reserve has manipulated markets to an extreme and to a level that I never thought they were going to be willing to go to. But they’ve manipulated stock markets and bond markets have created bubbles throughout the economy in the US in terms of, of course, the stock market reaching all-time high levels, bond markets reaching all-time high levels, junk bond yields down to historically low levels, rising real estate prices, rising art prices.  

“It’s truly remarkable to the extent that they’ve been able to engineer this. They’ve taken so many unprecedented measures. I really never thought that central bankers would go to this extreme but they’ve done it. So right now, what we’re looking at is a worldwide currency war. We’re looking at real estate housing bubbles all around the planet, whether it’s Canada, in Asia, in Manhattan, in Washington DC….

“…eerie correlation of the building of record setting skyscrapers and world economic crises.

David Morgan: “The way I see it, all debts are either paid, defaulted upon, or partially paid off. But at some point in time, there is a reconciliation of the monetary system.

You’re either going to default outright saying that we cannot pay back the debt or you’re going to default on a currency, which means that you’re going to continue to print money until the currency becomes worth less, worth less, and then it’s worthless.

“Can we default outright? Can we default via currency default, or do we have a combination? What are your thoughts?

MT: “Well, David, it’s a very good question and it’s a very, very important question. As you say, all debts are ultimately paid. The question is, “By whom?” Is it going to be the borrower or is it going to be some other party that ends up footing the bill for those debts?

“The governments of the world have built up huge national debts and obligations going forward that are unsustainable and that in my view cannot be paid off in a rational way which is using part of your revenues to pay off or pay down those debts….  

“So the more likely, the most likely alternative and one that looks increasingly obvious to me is that they will continue to use the printing press. They can pull back at any time but the pain, the political pain and the economic pain in the short run is so difficult for them to accept, that it’s likely that they’re going to go down the path of printing up ever-increasing quantities of money, engaging in quantitative easing and so forth….

“In my estimation, it’s a very dangerous situation. I don’t think the world has ever been in a more dangerous economic situation than it is today….”

“Gold, Silver, and the Future of the Dollar,” Interview with Mark Thornton by David Morgan at The Morgan Report, 07/26/2014.

One Intensyfing Consequence, which Deepcaster has repeatedly Documented, is Monetary Hyperinflation which is now transmogrifying into Price Hyperinflation. The U.S.A. is already Threshold Hyperinflationary with Real U.S. CPI at 9.8%, per

Regarding moving into Full Blown Price Hyperinflation, the Salient Issue is Timing. Therefore our Major Focus is keeping our Subscribers updated re Forecasts for Timing in light of the foregoing Realities, Forces and Trends. Monitoring a Variety of Interventional, Fundamental and Technical Signals has already facilitated Significant Profitable Positions (See Note 1).

Regarding Potential Triggers for $US and Equities Takedowns consider the latest Distorted U.S. GDP Report.

We along with the Honest and Brilliant Economist, John Williams, ( expected the July 30 GDP Report to show weaker-than-expected, but nonetheless positive, GDP Growth. Instead, courtesy of the Bogus Numbers Manufacturers, it showed a stronger than expected Number. Equities and the $US should have taken a hit but they did not, until the day after. Perhaps the Release of the September 26 2 nd Quarter GDP Report Revisions – which should, if honest, show an outright U.S. GDP contraction – will at least approach honest reporting.

If Honesty, rather than Political Numbers, prevail that would be an acknowledgement that the USA has been and is still in a Recession (defined as 2 successive Quarters of GDP Contraction).

Other Numbers, for example, the recent drop in Durable Goods orders, and weakening Employment Picture actually reflect the Recessionary Reality.

Couple that will the recent EIA Report showing that Stockpiles of WTI Crude at the Delivery Point in Cushing, Oklahoma are at the lowest level since 2008! (See below.)

This means the Economy (and Equities Market) is likely to get little or no relief from high Crude Prices for the foreseeable future!

Yet the U.S. Market is still Trending up (but just barely after the late July Takedown) while Major Eurozone Markets are trending down.

But the Global Dow has thus far this year maintained its uptrend. Yet these Uptrends are un confirmed by several indicators, including the Transports, down significantly in the last week of July.

In some week soon, the Realities of the Real Economy will overcome the Spin and Blackouts, and the Significant Consequences will be felt in many Key Sectors, as we have and will continue to forecast.

In sum, To Surmount Distortions and News Blackouts Threatening Investments, look to Independent Information Sources such as Deepcaster and those mentioned here.

Best Regards,

Deepcaster August 1, 2014

Note 1: Our attention to Key Timing Signals and accurate statistics has facilitated Recommendations which have performed well lately. Consider our profits taken in the last six months in our Speculative and Fortress Assets Portfolios*:

  • 65% Profit on Energy Storage & Management Company on July 15, 2014 after just 342 days (i.e., about 70% Annualized)
  • 95% Profit on Crude Oil Call on June 11, 2014 after just 73 days (i.e., about 470% Annualized)
  • 75% Profit on Equity Index Call on May 27, 2014 after 21 days (i.e., about 1305% Annualized.)
  • 30% Profit on Equity Index Call on May 13, 2014 after 34 days (i.e., about 320% Annualized)
  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)
  • 100% Profit on Crude Oil Call on February 10, 2014 after 27 days (i.e., about 1400% Annualized)
  • 30% Profit on Equity Index Put on February 5, 2014 after 8 days (i.e., about 1440% Annualized)
  • 55% Profit on Water Management Company on January 15, 2014 after 406 days (i.e., about 50% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.

Note 2: * calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per

Annual U.S. Consumer Price Inflation reported July 22, 2014
2.07%     /    9.81%

U.S. Unemployment reported July 3, 2014
6.1%     /     23.1%

U.S. GDP Annual Growth/Decline reported July 30, 2014
2.43%        /     -1.66%

U.S. M3 reported July 21, 2014 (Month of June, Y.O.Y.)
No Official Report     /   4.49% (i.e, total M3 Now at $15.910 Trillion!)

12:59 PM
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Friday August 1st, and the propaganda machine is simply being "cruel" to us. Only a couple of days after we had that utterly absurd fantasy-number for U.S. GDP inflicted upon us, it's another Jobs-Farce Friday.

By now, readers around here KNOW that there are no "jobs being created" in the crippled, hollowed-out U.S. economy. You don't even need to see (yet again) the chart that shows there are millions LESS people working in the U.S. today, despite 5 years of supposed "job creation", where the Puppet Liars of the U.S. government claim that more than "5 million new jobs" have been created. So that's all I'm going to say about this (in the spirit of "TGIF").

Instead, today's edition will focus on two other subjects. One of these I already telegraphed to readers here, when I talked about "upcoming commentaries", and hinted at what they would contain. The first of these is out now, and ended up as one of my "Sprott Money" pieces -- all of which are 'indexed' here, in a separate thread on the Forum.

The Big Banks Are NOT ‘Leaving Commodities’

The funny thing here is that I already had several subjects on my "drawing board" of ideas for future commentaries when news broke about the gigantic class-action law suit against the CME, alleging market fraud (and manipulation) that was even more gigantic. Because the evidence which the plaintiffs claim to possess provides such powerful proof of the theories/concepts upon which these commentaries focus, I'm now rushing to get these pieces out and into print as quickly as possible.

Obviously it's one thing to have a "theory" about how particular crimes are being committed (in this case, market manipulation) and to claim that your logic supporting the theory is "air-tight". However, when you're also able to show readers overwhelming evidence in support of that theory, then they are much more likely to trust your logic.

What could one do when they are pumping more than 100 phony/illegal trades per second into a particular market? Anything they want to do. In the case of the commodity markets of the CME; this means pushing around commodity prices to any fantasy-numbers they want, and then FREEZING THEM THERE, seemingly forever. The law suit proves the existence of Hostage Markets.

What sort of entity could generate more than 100 phony/illegal trades per second, amounting to somewhere near 2 BILLION per year. Only a Master Algorithm. This proves the existence of the "Pied Piper trading algorithm" I've warned readers of for several years.

What entity could FINANCE the nearly 2 billion phony/illegal trades per year in the CME, and the billions of other phony/illegal trades that this Master Algorithm must be generating in many other markets around the world? Only some financial monolith far, far larger than "anyone" (other than ourselves) would dream possible. The law suit proves the existence of the One Bank.

And, in more current terms; the law suit provides proof for several subjects I was already working on, in this case the silly charade that the Big Banks are "leaving commodity markets" and ceasing their crooked trading in these markets. As the numbers in the law suit prove (quoted above); it is simply and absolutely impossible for the One Bank to ever abandon its commodities racket.

The crime is simply too big. If it sells "the business" intact (in a genuine sale, not some phony sham); it hands control of all the world's commodity markets to a rival. Totally impossible.

If it tries to "unwind" its massive fraud in commodity markets before selling its commodities-racket; it would first reveal that fraud with the massive collapse in both prices and trading volume which would occur in the ultra-corrupt markets of the CME. Then, the collapse itself would cause a "boomerang" higher in prices -- and a hyperinflationary spiral in commodity prices, destroying the One Bank's fraudulent paper currencies. Totally impossible.

But beyond the fact that it's totally impossible for the banksters to exit these markets on a practical basis; it's also totally impossible for them to leave these markets on a theoretical basis. The One Bank's ENTIRE crime/fraud empire is founded upon the ability to "permanently" (in its own mind) suppress the prices of the raw materials of the global economy -- in order to (temporarily) HIDE its fraudulent/hyperinflationary money-printing.

You don't spend more than 100 years building up a Crime Syndicate a thousand times larger than anything else ever seen in human history -- and then throw away the Lynch-pin.

Enough said. I also wanted to take a few minutes to point out another one of the propaganda machines mega-lies, for two reasons. First of all; it likely wouldn't be noticed by most readers, and secondly, this one applies directly to precious metals markets. Naturally, it appears at Basher Central:

‘Overblown’ Argentine Debt Crisis Ignored By Gold Market

One of South America's largest economies is in the process of DEFAULTING on all its paper debts (making all that paper worthless), and we're told that the gold market is simply "ignoring" this (lol). More generally; this is an obvious symptom of the ENDEMIC INSOLVENCY throughout much of the global economy -- particularly the corrupt/bankrupt West.

It's a powerful signal that all of this paper (and thus all of the banksters's funny-money currencies) are worthless, and yet we're supposed to believe that the gold market is "ignoring this" too. If (when) the paper all goes to zero; there won't be anything left in terms of "monetary assets" other than gold (and silver). It's impossible for precious metals markets (in their role as ultimate "safe havens") to ignore news of this nature.

Thus lies of this nature (yet again) prove Hostage Markets. The gold (and silver) market can't "ignore" developments of this nature, but (as we see) in the fantasy-world of the Wonderland Matrix they are ignoring such developments. The absolute proof of Hostage Markets is all around us -- and (ironically) this is part of my own problem.

The thesis of "Hostage Markets" necessarily implies several things. Among these are that all "T/A" is totally irrelevant (with very rare exceptions), and that nothing is ever going to happen in precious metals markets until the One Bank's crime syndicate simply 'breaks' in one way or another.

The problem here? EVERY OTHER precious metals commentator spends much/most/all of their time talking about "T/A" and/or "what's happening" in the Hostage Markets themselves. If my work is valid, their work is irrelevant. And so my work is (more and more) now being "censored" in the alternative media as well -- as a matter of nothing more than the EGOS of these other writers/pundits.

The evidence is clear. The evidence is conclusive. And (practically) no other pundits/sites will even look at it...

U.S. Economy Creates 209,000 Jobs In July

The labor market pulled back slightly in July as the U.S. economy created 209,000, according to the latest data from the U.S. Labor Department.

The Labor Department also reported that the unemployment rate rose to 6.2%, from the previous level of 6.1%.

Optimism was high heading into the report, especially after Wednesday when the Commerce Department said the advance reading of the country’s gross domestic product expanded by 4% in the second quarter. However, economists were not expecting to see a repeat of June’s extremely impressive report.

According to consensus reports, economists were expecting to around 230,000 new jobs created last month...

P.S. I had to take just a minute to point out some double-talk by the One Bank's most-familiar Psychopath Liar (to this audience): Jeffrey Christian. In 'explaining' why the gold market is "ignoring" this crisis, we get this Christian whopper:

...Jeffrey Christian, managing partner of CPM Group, said that Argentina’s default is not similar to other crises and is more of technical issue than a systemic global problem.

Translation? Argentina's economy did not default on its own, but rather was driven into default through the (illegal) manipulation of its debt-markets -- just as the One Bank did to Greece.

U.S. Economic Terrorism the New 'Winning Trade'
Economic Rape of Europe Nearly Complete, Part I

‘Overblown’ Argentine Debt Crisis Ignored By Gold Market

The impact that Argentina’s latest default will have over global financial markets is being “overblown,” which is why it hasn’t created a safe-haven bid for the gold market, said some analysts.

According to some reports, the Dow Jones Industrial Average’s triple-digit losses are due, in part, to the fact that investors are spooked that another country has defaulted on its debt. By noon the Dow Jones plumetted by more than 200 points.

Along with equity markets Comex December gold future are also down; As of 12:23 p.m. EDT, December gold was $8.20 lower to $1,288.70 an ounce.

However, Jeffrey Christian, managing partner of CPM Group, said that Argentina’s default is not similar to other crises and is more of technical issue than a systemic global problem...
11:33 AM
Jeff Nielson replied to the topic Re: Musical musings... in the forums.
This one has been steadily creeping-up on my "list" of all-time Rolling Stones favorites. I think that part of the reason is that when I listen to this tune it sounds like the world is coming to an end...(lol)

[Has this one been posted before?]

Gimme Shelter

Oh, a storm is threat'ning
My very life today
If I don't get some shelter
Oh yeah, I'm gonna fade away

War, children, it's just a shot away
It's just a shot away
War, children, it's just a shot away
It's just a shot away

Ooh, see the fire is sweepin'
Our very street today
Burns like a red coal carpet
Mad bull lost its way

War, children, it's just a shot away
It's just a shot away
War, children, it's just a shot away
It's just a shot away

Rape, murder!
It's just a shot away
It's just a shot away

Rape, murder!
It's just a shot away
It's just a shot away

Rape, murder!
It's just a shot away
It's just a shot away

The floods is threat'ning
My very life today
Gimme, gimme shelter
Or I'm gonna fade away

War, children, it's just a shot away
It's just a shot away
It's just a shot away
It's just a shot away
It's just a shot away
I tell you love, sister, it's just a kiss away
It's just a kiss away
It's just a kiss away
It's just a kiss away
It's just a kiss away
Kiss away, kiss away...

06:59 PM
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money in the forums.
Here's one of the commentaries I mentioned I was "working on" the other day, as a follow-up to my commentary on the banksters' "Master Program" for manipulating markets. And there is still more to be said in this area...

The Big Banks Are NOT ‘Leaving Commodities’

The Big Banks of the corrupt West are not merely monoliths of serial crime, they are monoliths of serial deceit – making their minions a cast of compulsive liars. Yet time-after-time, we see these compulsive liars staging various charades-of-deceit, successfully.

Not only are their ruses faithfully proclaimed by the Corporate media propaganda-machine (and then repeated a million times), but they are regularly parroted by commentators in the alternative media, who (by now) should know better.

When the One Bank’s LIBOR mega-fraud was finally exposed; the lie from the banksters (and the Corporate media) was that only one bank (Barclay’s) had “colluded” to manipulate the interest rate, which is set collectively, as a collaboration between a dozen of these Big Banks. Other commentators did not point out that this was impossible, that LIBOR-fraud had to be systemic (or it couldn’t exist at all) – and thus the mega-fraud is allowed to continue...
05:34 PM
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Thursday July 31st, and I still can't get yesterday's ridiculously, pathetically absurd GDP number out of my head -- prompting today's commentary.

The Never-Ending ‘Recovery’

As with many of these commentaries; this one is somewhat "retrospective". What is meant by that is that in these commentaries I'll often review the past several years of (supposed) "economic developments" -- as told by the Liars of the Corporate media -- and then compare that to REALITY.

This is a necessary-and-important intellectual exercise, precisely because of the endemic, saturation "revisionism" which the One Bank has blanketed over the real world. The ordinary drones of the mainstream media do nothing more than parrot-and-fabricate the "daily news" (i.e. daily lies). It is the Revisionists who take these millions and millions of individual lies, and then weave that into the fantasy-tapestry which readers now know as "the Wonderland Matrix" (and our so-called "history books").

Without regularly engaging in these retrospective journeys; it would be utterly impossible for even regular readers to retain any sort of firm grip on reality (and thus their own sanity). So I strongly encourage readers to make an effort to closely follow such retrospective pieces. Not only does it help clarify the PAST lies-and-propaganda, but it makes it much easier to spot (and reject) the endless new lies being spewed at us daily.

And (as is also frequently the case), covering a commentary on The Grind allows me to explore thoughts/concepts for which there was no space in the original article, itself. In this case; I had to settle for an implication in today's commentary -- because I didn't have room to spell-it-out explicitly.

Specifically, as anyone who seriously thought about the title to this piece would figure out; the title is (at the least) a non sequitur -- if not an outright oxymoron. No one/nothing "recovers" forever.

At some point; the person/entity in question has either fully-recovered, or he/she/it has simply "recovered" to the maximum extent. At that point, as a matter of basic logic, the "recovery" is over. This is simply one aspect of the insanity of this make-believe economic growth.

Even more to the point; according to the Liars themselves this is OFFICIALLY no longer an "economic recovery" (in the U.S.). More than a year ago; the Liars claimed that the U.S. economy had (supposedly) already regained all the lost ground, when the Banksters intentionally "crashed" the global economy in 2008 -- and created a massive, economic contraction.

Since that time, even in the Wonderland Matrix itself, this has no longer been "a U.S. economic recovery". So why do the Liars continue to call it a "recovery", (even though according to their own fantasy-paradigm it's no longer a "recovery")? Because the only other economic terminology which exists to describe a long period of (supposed) uninterrupted economic growth is "an economic boom".

Now, as we all know, today's Sheep (and North American Sheep, in particular) are the most pathetic collection of slack-jawed, knuckle-dragging morons since our species ceased to walk on "all four's" -- the result of DECADES of relentless brainwashing by the Corporate media, and dumbing-down in our pseudo-educational system. But consider this.

Even today's Sheep would eventually start THINKING if the Liars referred to this fantasy-era" of pretend-growth as an "economic boom". The Sheep don't know much, but they do understand that in some (supposed) never-ending economic boom that their lives should be getting better and better, instead of worse and worse.

So even though the Liars have told us that this is no longer an "economic recovery"; they keep calling it that, because there are no other liar-labels which they can get away with using. They keep calling the U.S. Greater Depression an "economic recovery", and along with that they never relent with their "New Normal" brainwashing.

While the lives of the Fat Cats get better and better, at an obscene rate, never before witnessed; our lives get worse and worse, and are supposed to get worse and worse - even during the Never-Ending Recovery...because this is now "Normal".

05:17 PM
2 days ago
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Wednesday July 30th, and the "big news" of the day is obviously the strangely-delayed report of U.S. 2nd quarter GDP, in the Never-Ending Recovery (lol). It is THE biggest GDP-lie created by the U.S. government in this entire, make-believe "recovery". But to regular readers; I just want to say that "I get it".

You're tired. You're tired of listening to the Liars tell bigger and bigger lies, more and more often. You're tired of listening to me explain the lies (and describe the Truth) in economic analyses which are sometimes simple-and-straightforward -- but at other times can get somewhat convoluted.

So today readers get "a break" -- and a choice. For those wanting a detailed analysis of:

a) Why today's U.S. "GDP number" is absurdly impossible.
b) How the ridiculous lie was created.
c) The purpose of this new strategy-of-lies.
d) What to expect in the future.

...I just finished a detailed post in the "Economics" section of the Forum, and interested readers can go there for a point-by-point analysis.

On the other hand; for readers not interested (at least today) in reading about more lies-from-the-Liars, I've plucked-out an excerpt from an older commentary, which kind of explains what is going on today (in general terms), but in the form of an entertaining(?) allegory.

The Mythical Land of Us

The Land of Us was a rather dreary place. It was composed entirely of two groups: a small number of rich Hogs and a huge herd of poor Sheep. Inexplicably, it was the sheep themselves who always chose the Hogs to rule over them.

The Land of Us became such a dreary place entirely because of its Golden Rule (one of the first laws created by the Hogs): “All of the Sacrifices will be bestowed upon the Sheep, and all of the Privileges will be imposed on the Hogs.” The Sheep agreed that this seemed like a very equitable division. [Did I mention that the Sheep weren’t very bright?]

However, even the fat Hogs weren’t smiling these days as The Land of Us had a very serious problem: it was deeply, deeply in debt – in fact hopelessly insolvent. Worse still, there were practically no revenues coming into the Hogs’ coffers. The Sheep had nothing left to tax, while naturally the Hogs paid no taxes (as per the division between “Sacrifices” and “Privileges”).

An emergency Council of the Hogs was convened to discuss this crisis.

“Fellow Hogs,” addressed Boss Hog, “We cannot continue things this way any longer. We’re already deeply in debt to neighbouring lands, and worse still, the Great Trough is nearly empty.”

Grunts of shock and horror reverberated amongst the Swine.

“Let’s raise the taxes on the Sheep,” sneered one of the fatter Hogs, echoed with many grunts of approval.

“That won’t work,” replied Boss Hog, “We’ve already squeezed the Sheep dry.”

“We could start paying taxes ourselves…?” suggested one of the younger, thinner Hogs, naively. Raucous laughter erupted throughout the Council.

“Seriously though,” continued Boss Hog, wiping away a few tears, “Something must be done.”

“We’ll just have to borrow a lot more money,” concluded one of the Hogs, with most of the other Hogs nodding in agreement.

“We can’t,” countered Boss Hog, “The other countries can see that Us is insolvent, and no one will lend Us any more money at these interest rates.”

“Then we’ll just have to increase interest rates to attract more capital,” reasoned yet another Hog.

“We can’t do that either,” stated Boss Hog, dejectedly, “With current revenues we can’t even afford to pay the interest on all our old debts. Indeed, we need to find some way to lower our interest payments – or we’ll soon be bankrupted by our old debts alone.”

“What if we just printed-up a huge, new stack of Piglets – and used all those Piglets to ‘buy’ our bonds,” suggested another Hog hopefully. [The “Piglet” was the official, paper currency-unit of the Hogs.] “Then we could set marginal interest rates to any number we wanted because we would be ‘selling’ to ourselves.”

“That still won’t work,” declared Boss Hog. “Once the other nations saw us printing those trillions of Piglets – and diluting the currency – they would quickly start dumping the TRILLIONS in Piglet-denominated bonds they’re already holding. The Piglet would quickly become worthless.”

“I have a plan,” asserted a particularly sly-looking Hog. “We simply won’t tell the other nations that we’re printing more Piglets to buy our own Bonds – in other words we’ll counterfeit our own currency. And so they can’t see what we’re doing, first we’ll change the procedure on our bond-auctions to make them totally opaque – so that no one can see who is buying the Bonds. This way we can not only claim there are ‘foreign buyers’ for all the Bonds, but we can also set interest rates to any fantasy-number we like.”

“Not even the Sheep are stupid enough to fall for a ruse that clumsy!” scoffed Boss Hog.

“Oh, I think I have just the right Hog for the job,” grinned the Sly Hog. A cacophony of evil laughter begins building in the Council…

B.S. Banker strode up to the Bond Auction Podium. He was a particularly impressive-looking Hog, wearing a pointed Magician’s hat and carrying a glittering magic wand. He gazed into the vacuous stares of the Sheep assembled before him.

“Behold, as I perform great feats of Magic!” proclaimed B.S. Banker, gesturing dramatically with his wand. “Observe the ordinary table on my left, with a large stack of Piglet Bonds piled atop it – indeed, it is the largest stack of Piglet Bonds in history.”

Murmurs of nervousness and shock are heard among the Sheep audience.

“Now gaze in wonder as I make that entire stack of Piglet bonds disappear…and at the highest prices in history!” thunders B.S. Banker, as the Sheep audience gasps in awe.

The lights are then suddenly turned off, and the Auction Chamber is plunged into darkness for ten minutes. Muffled sounds are heard, somewhat like a printing press being operated at maximum speed. The lights go back on.

“…and presto!” declares B.S. Banker triumphantly, “The Piglet Bonds have all disappeared.” He points to a table-top which is now void of any paper.

The Sheep exploded into wild applause, and the funding problem for The Land of Us was solved. The Hogs lived happily ever after...

Of note; I wrote this piece almost exactly two years prior to formally publishing "The Wonderland Matrix" (for Sprott Money). And it was roughly one year before I began regularly using the "Matrix" metaphor to describe our insane-asylum societies.

The point here is that things have already been really, really crazy for quite some time, in this fantasy-world created by the One Bank. And as we see with today's ultra-insane U.S. GDP report; the lies, and the length of the disconnect from the real world just keep getting bigger and bigger and bigger.

And having pulled-out this "Golden Oldie" to hopefully dazzle-and-amuse (lol)the audience of The Daily Grind; let me mention again our archives here at BBC. Given the nature of the work I do; many of my commentaries are essentially "timeless".

What I mean by this is that in publishing many of my new commentaries; it wouldn't matter if I published it today, next month, or even next year, I likely wouldn't have to change a word -- except for dates and (perhaps) names. But this same point of logic applies with respect o looking at these commentaries retrospectively.

I know in doing my own learning that it is often my "second look" (or third-look) at a particular concept or idea before comprehension really begins to set in. There's no shame here in going back, and reading things again...\

...but don't go too far back into the archives, or you'll find yourself back in the days when I was still "a work in progress" with respect to becoming a writer. Lol!!!

12:11 PM
Jeff Nielson created a new topic U.S. second quarter GDP +4.0% !!! (lol) in the forums.
The Wonderland Matrix just keeps getting sillier and sillier. Today we (finally) got the report for U.S. second quarter GDP -- which (for some mysterious reason) was released several weeks late (to "create suspense", perhaps?). The number released by the U.S. government simply defies description (what word describes beyond "insane"?).

We're told that the U.S. economy grew by a breath-taking rate of 4.0% in the second quarter. Understand that there are several reasons why this idiotic number is totally impossible -- beyond the fact that the U.S. economy is a bankrupt, crippled husk, which couldn't possibly generate any economic growth at all.

First and foremost, we have what the U.S. government told us was the "GDP rate" for the first quarter: -3%. Simply, no economy can possibly generate a SEVEN PERCENT swing like this (to the upside - lol) over one quarter. But if any economy ever came close to such a performance, we would see an absolute EXPLOSION in economic activity -- which would be reflected in all other economic statistics.

This brings me to the second reason why this idiot-number is totally impossible: the other U.S. economic statistics. Not only has much of the economic data for Q2 been weak (much, much too weak to support "4% growth"), but we've seen a steady stream of downward revisions -- indicating even more weakness.

In fact; the U.S. government just reported the largest ever downward revision to its "new home sales" statistic, in the forty years that it has been reporting this data. The other numbers tell us that U.S. GDP for Q2 should have been roughly the same as for Q1 -- or even worse.

But remember what I told readers as the U.S. government kept "revising" Q1 GDP lower and lower: it was deliberately falsifying that number to the downside (with bogus "adjustments") in order that it could "re-adjust" GDP in the second quarter much higher. Or, as I put it at the time; it was allowing the Liars to "borrow" GDP from Q1 in order to pad the Q2 number, and likely the Q3 number, as well.

I also suggested that this will likely be a permanent trend. In other words; from now on we'll be told by the propaganda machine that every winter was "a terrible winter" -- in order that they can torpedo one quarter of GDP, and pad the other quarters. This is because the U.S. economy is now so crippled that the Liars can no longer stretch their lies far enough to pretend that the U.S. economy is "growing" all four quarters of the year.

Note also that during the decades when Western economies were strong and healthy, the average "economic recovery" (i.e. growth cycle) was just over 3 years. The U.S.'s pretend-recovery in our Wonderland Matrix is now in its 6th year -- with absolutely no end in sight.

The most alarming part of this is that the U.S. government (and the One Bank, pulling the puppets' strings) has the audacity to utter such outrageous, ridiculous lies. There is nothing "brilliant" or "insightful" in my analysis here. Rather, the points I'm making are such obvious common sense that one would require no economics training at all in order to make such observations.

So how/why is it seemingly impossible for any of the (so-called) "economists" in the United States to see this, themselves? They're not all "corrupt".

This can thus only be caused by a herd mentality. And (as I have pointed out before) because we are such a contrarian species by nature (with great diversity in our viewpoints) such a "herd mentality" is proof-positive of the brainwashing which I have warned readers about for years.

But think about this. It's one thing to "brainwash" the Average Joe, who (very possibly) does little-to-no-thinking in the course of working at his job each day (unless he's part of the 25% of the population which is simply unemployed). Conversely, an economist is trained to process data -- i.e. (supposedly) trained to think (lol!!).

How "hardcore" does brainwashing have to get in order to get people who are supposed to process data 24/7 to stop processing data, at all???

Regular readers might recall (during the time I was warning and illustrating the dangers of Half-Truths) that I chose to attack the views of one of these charlatans -- which he had turned into an inane "infomercial".

The infomercial was supposedly "warning us" about the economic dangers ahead. Yet when this supposed economic expert turned his thoughts toward U.S. money-printing, what he told viewers was that the U.S. might have a serious problem if it didn't moderate that money-printing "soon".

Readers have seen the chart below on countless occasions:

Obviously the "economic expert" who produced the infomercial would have looked at that chart before uttering his opinion about U.S. money-printing. As I have explained to readers before; this is the mathematical/graphical representation of the concept "out of control". Thus there are only two possible ways in which anyone with training in economics could interpret that extreme, exponential curve:

1) A chart of a currency already destroyed by hyperinflation.
2) A chart of a hyperinflation-in-progress (i.e. a currency about to be destroyed by hyperinflation).

Yet it's not only the one economist I singled-out who can't see this; none of them can see this. None of the economists inside the U.S. government (who get to see the raw data for themselves). None of the idiot, economics professors in our supposed "institutes of higher learning" (lol!). None of the economists being paid six-figure salaries by large corporations, specifically to inform them as to what is really going on.

These "economists" are all just monkeys -- monkeys who have been so severely retarded through brainwashing that they possess barely enough residual brain-power to parrot what they are told by the Head Monkeys (the motley crew of "experts" which the Corporate media parades before us).

Thus we get Monkeys who faithfully report totally impossible 7% swings in U.S. economic growth. Thus we get Monkeys who believe the U.S. economy can just keep "growing" and "growing" forever. Thus we get Monkeys who look at economic data which proves that the U.S. dollar is already worthless -- yet the most that they are capable of fathoming is that the dollar "might" have a "problem"..."soon".

It's amazing that these blind sycophants don't also require canes and companion-dogs...

P.S. Note the ho-hum attitude of the Kitco drone reporting this impossible U.S. GDP data, what he calls "a big miss to upside". Lol!!!!!!!!!!!!!!

"4.0% U.S. economic growth"? Jut another day-at-the-office for the mighty, U.S. economic juggernaut.

Gold Weakens Following Upbeat U.S. GDP Report

Gold prices are moderately lower in early U.S. trading Wednesday and hit their daily low in the immediate aftermath of a much-stronger-than-expected U.S. gross domestic product report. August Comex gold was last down $4.20 at $1,294.00 an ounce. Spot gold was last quoted down $5.40 at $1,294.00. December Comex silver last traded down $0.009 at $20.635 an ounce.

The second-quarter U.S. gross domestic product report came in at up 4.0%, which was a big miss to the upside. A 3.0% rise was expected versus a reading of minus 2.9% in the first quarter. The GDP report pressured the gold market and U.S. Treasuries, while boosting modestly the U.S. stock indexes and the U.S. dollar index.

Wednesday begins in earnest the big U.S. economic data deluge this week. The ADP national employment report for July was out at 8:15 a.m. eastern time. That report is a precursor to Friday’s more important Labor Department employment report. The ADP figure was forecast to come in at up 238,000, but was a slight miss on the downside and reported at up 218,000. Friday’s U.S. jobs report is forecast to see a rise in non-farm payrolls of 230,000 in July versus up 288,000 in June...
10:46 AM
NickBarisheff BullionBuzz eNewsletter | Feature: The Gates Are Closing: SEC Votes through Money Market Reform -
09:14 AM
3 days ago
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Tuesday July 29th, and a late edition of The Grind -- as I was engrossed for most of the day working on two upcoming commentaries. Why mention this? Because both of these commentaries tie-in to a significant degree with the subject matter of my last commentary, and the (apparent) amazing revelations in a class-action law suit against the CME.

[Case citation: U.S. District Court for the Northern District of Illinois. Civil Docket #: 1:14-cv-02646 William Charles Braman, Mark Mendelson and John Simms v. Chicago Mercantile Exchange]

As readers will undoubtedly recall; the gist of this law suit is that the heart of global commodities-trading is nothing more than a den of market-rigging, where the One Bank's Master Algorithm generates close to 2 BILLION phony/illegal "trades" per year, working out to more than 100 per second, every second of every day that this crooked market is in operation.

I explained my "excitement" yesterday in writing that original commentary: if the evidence the plaintiffs claim to possess is verified (and given the process of "discovery", there's no point in pretending to have such information), then this proves the existence of the "Pied Piper trading algorithm" which regular readers have heard be rant-and-rave about for years.

It also proves the existence of the One Bank, since only a crime syndicate of that magnitude could fund a MULTI-TRILLION DOLLAR market manipulation scheme of this scale. But (as is often the case) this revelation would also help me prove several other points of relative importance -- the subject of these upcoming commentaries.

It would demonstrate why the abolition of the so-called "silver fix" is nothing more than a disinformation distraction on the part of the bankers, and has absolutely no relevance or importance whatsoever regarding the manipulation of the silver market. It would also show that the banksters' claim that they are "leaving commodities" (which the Liars have been repeating again and again for an entire year) is just another disinformation charade.

The "silver fix" is meaningless. The banksters will "leave commodities" on the same day they all unanimously decide to become non-profit, philanthropic enterprises. Don't hold your breath.

For the answers as to why these points are obviously true; just read those upcoming commentaries, as well as the future editions of The Grind, which (as usual) provide the answers behind the answers...
07:00 PM
4 days ago
Jeff Nielson, Earl, Jeff Nielson replied to the topic Re: Musical musings... in the forums.
Earl wrote:


I'm going to try and answer you as best I can.

Musicians are world travelers. Sometimes street performers. I've heard amazing things from a "blues" player who played with a hat between his feet and a bottle of cough syrup in his pocket. He usually slept were he last played.

Then there's the world traveling musicians, that play a hole in one place and arena the next. They talk to people.

I had a musician tell me the Berlin Wall was going to come down (that was a crazy notion).

I had one tell me the Soviet Union was going to collapse (that was a crazy notion).

Even had one tell me one day China would be a leader in manufacturing (that was a crazy notion).

I don't know were they get these crazy ideas. Traveling, seeing other views, listen to the locals. Listening to the out casts.

Keeping an open view and relating it to the world they see.

It's not an easy profession. Ask a brick mason a question sometime. His answer may hit you like a hammer and hard as a Randy Bachman guitar.

Of course there was the Indian "sitar" player that told me the US economy was destine to fail in 1998 (that was a crazy notion).

Jeff, sometimes I wish Mertis and I could join ole Lucy in the sky and watch the diamonds.

Till then "Take Care"

Learning things by "traveling"..."talking to people", and..."listening". What a radical concept!

Once upon a time; this was how most of the real learning in the world took place. Today, such thoughts simply sound archaic to most people. If it's not kicked-out of some computer file, or regurgitated by some talking-head "expert", it doesn't count as "education". Lol!!

I pride myself on the fact that despite the number of years of university that I completed (and worked my way through) that I've never lost track of the value of "common sense". Indeed, I use that "analytical technique" in my work a lot more often than anything I learned in university.

P.S. So we are in agreement that none of this has anything to do with "Lucy in the Sky with Diamonds"...???
06:21 PM
As I've done from time to time on the Forum (generally with disappointing results - lol); I'm posting the link to my most-recent commentary here in the hopes of stimulating discussion. When I do this; it's generally for a combination of two reasons:

1) Because the commentary relates to an especially important overall theme in my writing.

2) Because it covers some difficult-to-absorb concepts, where I suspect that some/many readers may not be able to (fully) follow along.

Is this an indication that I'm not sufficiently "respecting the intelligence" of this audience? I don't think so. The work on this site is NOT like some (quasi-mindless) TV series -- where if you simply "watch all the episodes" you will know pretty much everything that is taking place.

Instead, what is being presented here are the actions/operations of the largest, most-malevolent, most-devious Crime Syndicate to have ever plagued our species. Not only does it hide-in-the-shadows to the greatest extent possible; it owns-and-operates its own PROPAGANDA MACHINE -- to distract readers' attention away from this Crime Syndicate (and the crimes it commits), and to disguise or confuse the nature of its crimes when it can't prevent others from noticing.

Given this scenario; I would expect that many of the theories/concepts I discuss in my work would require several attempts at assimilation for many/most readers. Again, there is no disrespect intended here, since this simply reflects my own learning-process when it comes to particularly mind-bending concepts.

I didn't "figure out" what the derivatives market really represents (a gigantic, illegal casino), and what a "derivative" really is (simply a bet) the first day I began reading about this particular scheme/scam/crime. It was a process of enlightenment which occurred over a period of many months -- in part because there was no one available to explain derivatives and the derivatives market to me.

So I encourage questions/feedback in situations like this not because I don't respect the intelligence of the BBC audience, but rather simply to try to help speed-up your own learning-curves.

Unless you're a computer-geek; the term "algorithm" is likely not a concept with which most readers are comfortable. But learning what algorithms are (and what they can do) is definitely "useful information" in our 21st century cyber-societies.

The Banksters’ Master Program For Manipulating Markets
01:16 PM
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
As Members and regular readers around here know; I "get excited" sometimes. Generally, it's when some important (and seemingly reliable) piece of information/evidence emerges which validates (in whole or part) some previous facet of my work. This is more than just ego-indulgence and personal back-slapping (lol).

Rather, when such objective validation/confirmation emerges; it shows me that I'm on the right track. Not only does this allow me to then assert those views with greater certainty (and credibility), but it allows me to build upon that base -- in seeking to cobble-together a more accurate and comprehensive picture of the Wonderland Matrix.

Such seems to be the case with the report of a (huge) new class-action law suit, directed at no less than the CME (Chicago Mercantile Exchange) itself -- and the commentary which now points to this event. Fifty-percent of all trading at the CME alleged to be phony (and illegal) "wash trades" (trades with no legitimate business purpose). That works out to six million phony trades per day; 2 BILLION per year.

The Banksters’ Master Program For Manipulating Markets

This works out to somewhere in excess of 100 phony/illegal trades PER SECOND. Obviously such massive trading-volumes of these illegal trades could only be the work of this computerized, market-rigging "HFT trading". And as I observed in the article; it makes absolutely no sense to be cranking-out this insane volume of illegal trades unless all of that trading is controlled by the SAME COMPUTER PROGRAM (i.e. trading algorithm).

There are two reasons why that logical premise is virtually irrefutable. First of all, even with a crime syndicate as large and arrogant as the One Bank; it would never engage in 'gratuitous', illegal wash trades, since the larger the volume of illegal trades, the more-difficult it gets for our see-no-evil/hear-no-evil/speak-no-evil "regulators" to pretend not to be able to perceive that crime.

CFTC Silver Probe: See-no-Evil, Hear-no-Evil, Speak-no-Evil

Secondly, any of these illegal wash trades being operated by an ancillary/competing trading-algorithm would (at least part of the time) cancel-out the market-rigging of the Master Algorithm. This would reduce both the profitability and the efficiency of this entire market-rigging scheme -- and thus would not be allowed.

If the evidence claimed in this law suit proves to be reliable; then the existence of the "Pied Piper" Master Algorithm which I have written about for the last 5 years is proven. Furthermore, to fund such an incredibly gigantic market-manipulation with this Master Algorithm (which is at work in all markets -- not just the commodity markets of the CME) would require $TRILLIONS per year.

None of the world's "Big Banks" are capable of funding crime on this scale, not even two or three working together. Thus if this Master Algorithm does exist (in the form/scale suggested in the CME law suit), then this also proves the existence of the One Bank, itself -- because only a crime syndicate of the scale/proportions described in the Swiss research (and my own subsequent commentaries) could 'fund the operation'.

Now (hopefully) the basis of my excitement is more apparent to readers. "Hostage Markets", "the One Bank", and the "Master Algorithm" are more than just key facets linking together all my writing over (in particular) the last year or two. They are even more important (if proven) as conceptual building-blocks.

These "building blocks" are the tools used to create as clear a conceptual picture as possible of the banking crime syndicate which is now so obvious that its existence can no longer be denied. All that remains to be clarified (with certainty) is the precise size, structure, and composition of this crime syndicate.

My own writing has asserted a very specific size/structure/composition of this crime syndicate: the One Bank -- with that original commentary now slightly more than one year old. The "One Bank" simply controls ALL of the Big Banks in the West (or virtually all of them), and many/most of them throughout the rest of the world.

This MUST be true, if you accept the validity of the mathematical modeling of the Swiss research upon which much of my own work is based:

- A core "super-entity", composed of over 140 corporate fronts, where 3/4 of those corporate fronts are "financial" entities

- This "super-entity" (by itself) controls roughly 40% of the global economy

Again, my reasoning here is mostly simple number-crunching. Even if we include all of the world's major insurance companies as "financial entities" (along with all the Big Banks), here is the math:

75% of the One Bank are financial entities, which (in proportionate terms) should account for roughly 30% of the global economy.

I don't think those numbers (quite) add up. In other words, even if "the One Bank" controlled EVERY Big Bank and major insurance company in the world that this would equate to 30% of the global economy.

But it wouldn't be too far away, either, since the size/market-capitalization of these financial entities has been ridiculously swollen by their mega-frauds and the $trillions in free money handed to these entities each year (through Western money-printing). So (again) if you are convinced of the existence of the One Bank, then you must accept with that the premise that it controls the entire Western financial sector, and most of that of the Rest of the World.

Obviously it's not possible to expand upon my reasoning within my commentaries to this degree -- along with presenting the basic story-line of the article. Hopefully such "expansions" of my reasoning within the columns of The Daily Grind will be seen as helpful in increasing clarity -- rather than being boring and redundant.

12:46 PM
5 days ago
Earl replied to the topic Re: Musical musings... in the forums.
Ronald Douglas "Ronnie" Montrose (29 November 1947 – 3 March 2012) was an American rock guitarist, who led a number of his own bands as well as performed and did session work with a variety of musicians, including Sammy Hagar, Herbie Hancock, Van Morrison, The Beau Brummels, Boz Scaggs, Beaver & Krause, Gary Wright, Tony Williams, The Neville Brothers, Dan Hartman, Marc Bonilla, Edgar Winter, and Johnny Winter.

The band's sophomore outing closes strongly with the galloping uptempo Paper Money, a sermon about the worthlessness of materialism and the almighty dollar that is underscored by Ronnie Montrose's eerie Hendrix-like feedback. As the last recorded musical statement from the original Montrose lineup, the song has an urgent and troubled feeling—almost apocalyptic—and Sammy Hagar's lyrics seem to foretell the global economic meltdown of the mid-2000s some thirty years before the fact.

"Paper Money"

I play the game of a rich boy,
I buy everything I can.
My bankroll is a foot thick,
I'm a wealthy man.
A million dollar reserve note is right there in my hand
And I can't stand to's all that I've got.

Take away all my silver
Take away all my gold
And hand me a stack of paper
Paper money don't hold. Paper money don't hold.

Well, you act as though you don't remember
The way it all used to be.
Now one man, he locks up the money
Another man holds the key.
My car cost me fifteen grand,
Some say I got a deal.
Melt it down, I've got a thousand pounds of junk
And ten dollars worth of steel.
09:26 PM
6 days ago
grammerkat uploaded a new avatar
04:52 PM
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money in the forums.
Here's my latest for Sprott Money News. As noted in the commentary; this piece is a more personal look at how the New Normal/Wonderland Matrix is destroying our standard of living, as it destroys our entire economies.

P.S. It would be really nice to get some comments/feedback from the Members here, especially since they don't have any "comments" function at Sprott Money (yet), and so I can't get feedback directly from their audience.

Over 60,000 hits on this thread (the second-largest total on the Forum), but hardly any feedback is a little peculiar...

Our Economic Slow-Death

Most of the time, my writing on the economy is at the “macro” level: government policies, government lies, government failures, and (of course) the endless mega-crimes of the One Bank. This is an inevitable byproduct of being a “Big Picture” analyst.

However, occasionally Big Pictures also emerge at the “micro” level: the realm of individual businesses or individual citizens/consumers. Such is the case with respect to the economic “slow death” which is relentlessly disintegrating our economies (at the macro-level), while it also relentlessly destroys both our business-base and the standard of living (for the vast majority) at the micro-level...
11:32 AM
Jeff Nielson created a new topic Big Banks sued for silver-fix manipulation in the forums.
And here we have yet another facade from the Corporate media (and the bankers lurking behind them). Everywhere you look these days; the talking-heads are jabbering about the "gold fix" or the "silver fix", and even using the (forbidden) word "manipulation" along-side. But it's all a charade.

Of course the "silver fix" and "gold fix" are crooked. Everything the banksters touch is tainted by fraud. But it only "fixes" prices at one point of the day. What about the other 23:59 of every day???

I'm going to do a commentary on this subject, since there is so much (silly) focus on this meaningless issue. But for now; there's just this "footnote", informing readers that Bank of Nova Scotia, Deutchse Bank, and HSBC are accused of "manipulating the silver fix".

This is also silly. The gold fix and silver fix are set by roughly half a dozen of these Big Banks -- as a collaboration. The silver fix (or gold fix) thus cannot be "manipulated" by only some of these banks. To manipulate the silver fix/gold fix requires collusion by ALL of these Big Bank tentacles of the One Bank (or almost all of them).

The LIBOR charade was even more pathetic. LIBOR is the collaboration of a dozen of the One Bank's Big Bank tentacles; yet originally the Liars in the government/media/regulators tried to tell people that only one Bank (Barclay's) was "manipulating LIBOR". Lol!!

Thus as with almost everything else in the Wonderland Matrix; we cannot trust anything these Liars tell us, especially when they claim to be "cleaning up corruption" in the silver or gold markets.

P.S. Note the typical "disrespect" shown to Canada in this U.S. reporting. It's my understanding that the Bank of Nova Scotia is now SECOND (behind only JPMorgan itself) in terms of how deeply its involved with silver-manipulation. Yet with three banks accused of "silver manipulation" (a UK bank, a German bank, and a Canadian bank); only the UK bank and German bank are mentioned in the Bloomberg headline.

P.P.S. Of course what is thus even stranger about this article about a "silver manipulation" law suit is that JPM isn't even mentioned.

Deutsche Bank, HSBC Accused of Silver Fix Manipulation

Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.

The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.

“The extreme level of secrecy creates an environment that is ripe for manipulation,” according to the complaint. “Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits.”

The lawsuit is the latest to be brought against banks alleging manipulation of a benchmark. Suits have been filed against Deutsche Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix...
11:17 AM
1 week ago
Jeff Nielson created a new topic Turkey breaks away from "U.S. alliance" in the forums.
This is big stuff.

Geographically, Turkey occupies an extremely pivotal geopolitical position. Culturally; it is considered a "bridge nation" between East and West. And (in recent years) the Axis of Evil (U.S./UK/Israel) has successfully brought Turkey within its own sphere of influence -- despite the incident where Israeli soldiers murdered unarmed Turkish nationals attempting to bring humanitarian aid to Gaza.

But now, suddenly, Turkey is saying the following:

Turkish Prime Minister Tayyip Erdogan spoke in an interview with Turkey's ATV television, and confirmed that his office had cut off direct communications with President Obama, and in fact, were no longer even answering calls received from the White House. In addition to this startling announcement regarding a long standing U.S. ally, the Russian Ministry of Economic Development followed this up with a press release that stated that Turkey was quickly moving away from their reliance on the dollar as the global reserve currency...

Kaboom! Not only is this influential nation saying that it would rather be "friends" with supposed villain Russia than the U.S. (and the rest of the corrupt West), but it's joining the MOVEMENT away from the USD as reserve currency -- yet another nail in the dollar's coffin.

Could it be that Erdogan is finally fed-up with the two-faced game that the U.S. has been playing, where publicly it pretends to be the friend/ally of the Erdogan government while behind-the-scenes it has constantly been sabotaging Turkey's economy, and stirring-up civil unrest?

Unfortunately, the track-record of the Fourth Reich (once it has been "rejected" like this) is to OVERTHROW such regimes. Just ask the former leaders of Iraq and Libya. Oh wait. You can't do that, because not only did the U.S. overthrow their regimes, it made sure they were killed/executed as well.

Bon chance Prime Minister Erdogan! You're going to need to it. But the world needs more leaders like Erdogan -- with the courage to "just say no" to the Axis of Evil...

U.S. ally cuts off communications with Obama and seeks new trade outside dollar

On July 21, Turkish Prime Minister Tayyip Erdogan spoke in an interview with Turkey's ATV television, and confirmed that his office had cut off direct communications with President Obama, and in fact, were no longer even answering calls received from the White House. In addition to this startling announcement regarding a long standing U.S. ally, the Russian Ministry of Economic Development followed this up with a press release that stated that Turkey was quickly moving away from their reliance on the dollar as the global reserve currency, and is seeking increased trade with Russia in a mutually beneficial exchange of self-contained sovereign currencies.

Turkey's cold shoulder against President Obama and the U.S. began shortly after the Syrian crisis failure by the United States back in September of 2013. And since that time, Turkey has begun to move away from its U.S. alliance and has started seeking increased trade agreements with America's primary adversary Russia. Already the eighth ranked trading partner for Russia, Turkey is proposing an even greater share of this pie, and is willing to accede to Russia and China's agenda for a de-dollarized trade system that cuts out the reserve currency from most or all transactions...
Jul 25
Jeff Nielson created a new topic New reality-TV show: "Bankers Go Splat!" in the forums.
With all the bankers who are suddenly-and-mysteriously choosing to "commit suicide" these days (generally from high-dives off of tall buildings), and (as indicated in today's edition of The Daily Grind -- July 25th) more high-diving by these bankers expected in the near future; it suddenly occurred to me that this was a tremendous waste -- a "waste" of highly-marketable entertainment material.

Think about it. Our TV airwaves have already been polluted for many years by various "blooper" shows, generally clips showing ordinary PEOPLE getting injured -- often seriously. This is "funny"?

Why would anyone want to watch something gruesome and pointless like "ultimate fighting", when they could watch something gruesome but productive instead? With "Bankers Go Splat!", there is no risk of offending anyone. Here is how it would work.

You get the One Bank to provide times, dates, and locations for upcoming "banker suicides" -- so that there's time to get a camera out for coverage. No need to provide names, as then our "vigilant" police might start to get a little suspicious (and ruin the whole racket).

And then since the bankers likely make very little noise when they go "splat" (apart from perhaps some pre-splat screaming); we would add some wacky sound-effects at the moment-of-impact, but cut away from a camera shot of the actual "splat" itself -- that way "Bankers Go Splat!" would be good "family entertainment".

This is a particularly good time to capitalize on the reality-TV potential here, given that in the law suit discussed in today's edition of The Grind there are (supposedly) a couple of banker "informants" working on the inside, about to expose the One Bank's entire Pied Piper trading-algorithm manipulation.

What will happen if the One Bank can't figure out which two of its henchmen are in the process of 'squealing'? Well then we will likely begin to see these bankers "committing suicide" in packs -- and wouldn't that be a great spectator-sport???

"Dead men tell no tales" (in class-action law suits). But they might show up in the next reality-TV show...

Jul 25
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Friday July 25th, and the "big news" of the day (other than Israel's latest war-crimes against the Palestinians) comes from an item I spotted this morning at Jim Sinclair's site ( However, that item comes from a website that has been BANNED on this site (one of only two, in the entire world-wide-web), and so readers will not see an excerpt of that item here.

Instead, I'll simply report its stunning contents, since there is actually only one really significant factoid in the article: apparently 50% of all trades at the CME (Chicago Mercantile Exchange) are "illegal wash trades".

What is a "wash trade"? It is a trade with no "business purpose" of any kind. What, then, is the purpose of a wash trade? To manipulate markets. Understanding that millions and millions of "trades" take place each day at the CME (roughly 12 million "contracts" per day); what could possibly generate that sort of volume of (phony) wash trades?

The Master Algorithm of the One Bank: the Pied Piper trading-algorithm which I have written about here for several years. Just as the research paper from the trio of academics provided proof of the "banking cabal" which I have talked about here from Day 1 ("the One Bank"); here is the "smoking gun" I've been looking for in exposing its Pied Piper trading algorithm.

I'm sure that many readers have still found it hard to grasp how a "trading algorithm" (actually a collection of closely-related programs) could lead around-by-the-nose all of the world' markets. Well, now you have the 'physical' evidence in front of you which should make this manipulation-concept easier to grasp.

How does the One Bank 'influence' the 12 million (commodities-based) trades per day at the CME? Because 6 million of those trades are nothing but the phony wash-trades of its own Master Algorithm. Conveniently, I just finished a somewhat detailed discussion of the Master Algorithm of the One Bank in an earlier edition of The Grind (July 16th) -- so let me pull out an excerpt of that:

...what we see in the silver market is more like the read-out of some gauge measuring the function of a particular device or machine. In this case; the "device" in question is the One Bank's master trading-algorithm, the Pied Piper computer program which now leads (nearly) all of the world's traders (in all of the world's markets) around by the nose.

The fact that the pictures in the gold and silver market are not identical (despite the overall, net effect being the same) is simply a reflection of the fact that this Pied Piper trading algorithm 'meshes' with each market in a slightly different manner. In fact, there could very likely be several basic patterns which are currently being produced in the world's markets by this master trading algorithm.

...and then this:

...The Pied Piper trading algorithm, conversely, is a malevolent tool.

It allows total control of the world's markets (when used in combination with a media propaganda machine), thus facilitating financial crime in these markets on a scale never even previously imagined...except in the minds of comic-book writers.

As previously detailed in commentaries; the use of this master algorithm to create our own Hostage Markets for gold and silver is a relatively minor function of this master algorithm. Look at some of its more significant crimes.

Economic Rape of Europe Nearly Complete, Part I

...and this:

This is the "force" which we are up against. It is an economic crime-juggernaut which is almost omnipotent. It's one Achilles Heel? All that is needed is for some HONEST regulator, in an HONEST market to switch-off that master algorithm -- by simply banning all of the criminal, outrageous, fraudulent "HFT trading".

Until that happens, all of the world's markets, and all of the world's nations, and thus all of us are (economic) "hostages" of the One Bank...

This is the "theory" which I described to readers roughly one week ago (well, actually I already knew I was right), and now we see (over at Sinclair's site) the evidence which proves that theory.

If only evidence like this would conveniently drop into my lap regarding all my theories...

This is all I'm going to say about this today, since this is so important it will definitely be the subject for (at least) one commentary.

Court citation:

U.S. District Court for the Northern District of Illinois. The Civil Docket #: 1:14-cv-02646 William Charles Braman, Mark Mendelson and John Simms v. Chicago Mercantile Exchange
Jul 25
Jeff Nielson replied to the topic Re: Israel speeding-up Palestinian genocide in the forums.
P.S. Note that there have been ZERO Israeli civilian casualties -- meaning ZERO casualties from the so-called "rocket attacks", which it claims are being fired by Palestinans.

It is these so-called "rocket attacks" (i.e. false-flag attacks) which is Israel's only pretext for its latest invasion (and slaughter). Over 800 Palestinians have been murdered by Israel's army (and thousands wounded) as a "response" to ZERO Israeli casualties.

There was never even the slightest justification for Israel's latest military operation (since the so-called rocket attacks are obviously a false-flag operation) -- meaning that EVERY Palestinian death is a prima facie war crime.

This isn't a "war". It isn't even an "invasion". It's simply an extermination.

Jul 25
Jeff Nielson replied to the topic Israel speeding-up Palestinian genocide in the forums.
The Palestinian death-toll in Israel's latest war crimes has no risen to over 800 -- the vast majority being civilians. Many times that number have been seriously wounded. Israel claims that 34 of its own soldiers have been killed, but that number is highly suspect.

In recent military operations against the civilian population of Gaza; the kill-ratio of Palestinians to Israelis has consistently remained around 100:1. Thus we must conclude that Israel is exaggerating its own losses. What a surprise!

Meanwhile, there is no doubting the Palestinian numbers, as we continue to see the evidence of Israel's war crimes with endless footage of flattened Palestinian buildings, and with the dead and dying all around. It makes it even easier for Israel to bump-up its murder rate of Palestinians because it has now shelled SEVERAL UN humanitarian relief centers in Gaza.

Being an international organization; it has a direct line of communication with Israel's government. It CLEARLY informs Israel's government of the coordinates of these relief centers, making the possibility of "accident" impossible. These are deliberate slaughters/war crimes by the government of Israel and the Nazi thugs it calls "soldiers".

If this was any other nation on Earth; it would already have been unanimously denounced for its serial war crimes. It would have been totally politically and economically ostracized, and would be the target of "sanctions" at least as severe as what the fascist regimes of the West are currently inflicting upon Russia.

But because Israel is protected by its lackey, the United States, and because of several generations of "anti-Semitism" brainwashing; Israel still gets a free pass from most of the world -- as it commits one obvious war-crime after another against the Palestinian people, in its slow-genocide of that population.

It is time the whole world spoke-up against Israel. It's time that we replaced the governments that continue to condone (and even encourage) Israel's slow-genocide (and there's no worse Israel-lover than Stephen Harper).

Crunch time for Gaza truce talks as death toll passes 800

(Reuters) - U.S. Secretary of State John Kerry pressed regional leaders to nail down a Gaza ceasefire on Friday as the civilian death toll soared, and further violence flared between Israelis and Palestinians in the occupied West Bank and Jerusalem.

Mediators hope any truce in the Gaza Strip can coincide with a Muslim festival that starts next week, and are looking to overcome seemingly irreconcilable demands from Israel and Hamas-led Islamist fighters, locked in conflict since July 8.

As the diplomacy continued, so did the fighting.

Gaza officials said Israeli strikes killed 33 people on Friday, including the head of media operations for Hamas ally Islamic Jihad and his son. They put the number of Palestinian deaths in 18 days of conflict at 822, most of them civilians...
Jul 25
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Thursday July 24th, and I'm tired. I wrote the conclusion for Sunday's piece this morning, and then spent half of the afternoon at the gym. So I'm just not up to being "profound" today (lol).

Obviously today's commentary is what is primarily on my own mind, and hopefully also that of the readers visiting the site today. One of the reasons why it's helpful (for me, at least) to spend additional time discussing my commentaries in The Grind is because it allows me to get to things which had to edited-out (due to word-count constraints).

What If We Never Left The Gold Standard? Part II

It doesn't matter if a writer puts together a superb, 2000-word analysis, because he/she will begin losing large numbers of readers at (at best) around the 1500-word mark. Our attention-spans have become stunted (in our "sound-bite world"), and I consider myself as 'impaired' as anyone else in this respect.

So sometimes important thoughts get cut-out, and today is a good example of that issue. In telling readers about many of the wonderful economic realities we would gain if we were to go back (or go forward) to a word of a hard gold standard and "honest" money; I wasn't able to fit-in what we would lose: namely the One Bank, itself.

It is a monstrosity built almost entirely upon the fraudulent money-printing of our "fiat currency" system and societies which (through propaganda and deceit) have become addicted to debt -- thus fattening-up this crime syndicate more and more by the day with endless/infinite interest payments.

In a world of a hard gold standard; there would be no mountains of (worthless/fraudulent) paper for the bankers to exploit, leverage, and pervert. And (as explained in today's commentary) with debt-free governments setting a good example for their citizens; (for the first time in generations) we would inevitably be low-debt societies -- meaning minimal interest payments to fatten these parasites.

Why does the One Bank hate the mere idea of a gold standard? Why does the One Bank hate gold and silver, and (most-particularly) hate gold and silver as money? Because like kryptonite against Superman, like sunlight against a vampire, like a silver-bullet against a werewolf; these are existential threats to the One Bank itself.

There are all sorts of reasons to yearn for the "world" described in today's commentary. But likely the best one of all was the one I wasn't able to include: that world necessarily excludes the mere possibility of a "One Bank".

Jul 24
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
It's Wednesday July 23rd; and after a couple of long editions of The Grind, I'll keep today's version somewhat shorter. In part, I'll do this by referencing another post from the Forum (earlier this morning) where I discussed today's central topic in considerably more detail.

And that "topic" is the Big Banks pretending to "leave the commodities business". This is something that would never happen because it is simply something which could never happen. Much like there is no way the banksters could never "unwind" their crooked "derivatives" casino -- because it's now more than twenty times as large as the entire global economy -- their (assorted) commodities frauds are too large for these criminal entities to simply walk away.

Not only is there the problem of countless (enormous) "skeletons in the closet" which would be inherited by any supposed "purchaser" of these businesses; but in simply making an "exit" (and taking all their fraudulent paper with them), the massive economic carnage caused by the (sudden) removal of that paper would be proof, by itself, of the size of the previous frauds which had been taking place. I pointed out another obvious example of precisely the same sort of silly charade in that earlier post.

New Bubble-Highs In U.S. Markets Prove No Tapering

Even beyond revealing their secrets, and revealing their crimes; there is a more-fundamental reason why the One Bank will not/cannot simply walk away from its commodities-manipulation racket: the manipulation of commodity prices is an integral part of the "inflation" lie, and thus an integral part of delaying the inevitable hyperinflation of Western currencies. NOTHING could induce the One Bank to jeopardize its precious (fraudulent) "fiat currencies".

It shouldn't be necessary for myself (alone) to debunk yet another silly lie by the bankers (and their parrots in the mainstream media). Yet time after time (as we saw with the myth of the Bullion Banks being "net long" in gold); the banksters (and media drones) simply say that they are going to do something (or already have done it) and other commentators believe it.

The net-result is that I end up getting "preachy", because the same people are getting sucked-in again and again. We're seen all their cons before. We're seen all their lies before. When the banksters trot-out new versions of these same shams/scams; they should fool no one.

Fool me once; shame on you. Fool me twice; shame on me.

Get fooled a half-dozen times, and you simply need to give your head a shake. While I strongly encourage readers to read/visit the other post on this topic (as there are several points of this discussion only mentioned there); I will pluck-out one, especially important excerpt from that earlier post:

Note that Basher Central (inadvertently) reveals how we will KNOW that the banksters haven't "left commodities": the impact on prices. In any/every market in which these Criminals operate; they bring mountains of their fraudulent paper with them. If they ever (truly) "left" a market/sector; it would be the literal, economic equivalent of "the tide going out". Prices would have to fall (dramatically) because with any banker-dominated market being at least 90% fraudulent paper; if you remove that "90%" the (fraudulent) market must collapse.
Yet look at precisely what Basher Central is telling us in the piece of tripe below: the banksters are going to leave these commodities markets, and take their 100:1 leverage with them, but these paper-saturated markets will not collapse.

It's really, really simple: if we do not see a "crash" across the broad spectrum of commodities (like we saw when the PAPER was pulled out of the paper-called-gold market last year, and caused a 30% drop in the price of gold), then we have absolutely conclusive proof that this "exit from commodities" is just another silly ruse.

On the other hand; if we do now suddenly see commodities markets crashing across-the-board, then that would mean that the bankers' paper was withdrawn. That would (likely, but not certainly) also mean that they really did sell their businesses. It's also possible they could simply withdraw some of their paper (to cause a crash), but keep control of those businesses.

However; if we do see a commodities-crash in the near future; I'll be the first to admit that my analysis today was at least partially mistaken...

Bank Exodus From Commodities Could Hurt Liquidity Short Term; Otherwise Limited Impact Seen

The trend of major banks leaving the commodities business could hurt liquidity in the short term, but eventually other trading firms will fill the void, say veterans of the commodities business.

Most do not look for a major impact on the price trend of commodities in general; after all, speculators can establish either long or short positions. Nevertheless, some pointed out that past moves by banks to exit happened to coincide with a bottoming in commodities prices.

Credit Suisse said Tuesday it plans to wind down its commodities trading to focus on other areas of its business. Previously, Deutsche Bank, JPMorgan and Barclays also said they are either scaling back or exiting the commodities arena...
Jul 23

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