Written by Jeff Nielson Monday, 19 August 2013 12:53
The Machiavellian mainstream media was at it again today. The Game has become so old now that it has become stale and repetitive. The media prints their phony reassurances about one aspect or another of our Crime Syndicate economies, and we know the actual truth is virtually opposite.
They write that the U.S. economy is in a “strengthening recovery”, and we know it’s in a worsening Depression. The Corporate Media claims that inflation is “too low”, meanwhile in the Real World a “food-inflation crisis” threatens the well-being of billions.
The propaganda machine spouts (again and again) that gold is now “in a bear market”, and in the Real World we see demand spiking to all-time highs, as the bull market reaches a new, fevered pitch. The mainstream media assures us that there is nothing to worry about at LME metals warehouses other than a few “shipping irregularities”, and we discover that crooked Banksters are up-their-eyeballs in gangster racketeering.
In a recent commentary, it was noted that the Corporate Media was claiming that the Canadian government was now diligently endeavouring to “cool the housing market.” As was then explained; not only had Stephen Harper’s government systematically, deliberately duplicated the catastrophic U.S. housing bubble, but now his government had just slammed that bubble with a financial sledge-hammer.
Clearly, one of the primary functions of the mainstream media today is nothing more than an absurd, endless reprise of the role of Officer Barbrady from “South Park”:
Move along people. There’s nothing to see here…
And as with the ‘reliable’ Officer Barbrady; every time we see the Corporate Media come up with a new version of this inane message, we know that we need to pay especially close attention. So what is “Officer Barbrady” telling us not to worry about today? U.S. bubbles – because Barack Obama (and the Federal Reserve) are vigilantly standing guard against such a possibility.
What is happening in the Real World? The Demolition Squad is being assembled, because it’s “bubble-blowing time” again.
Déjà vu. The year was 2007. The same Corporate Media had just assured us (yet again) that according to the same Fed Chairman, the U.S. had a “Goldilocks economy”, where U.S. markets and house prices would just keep going up, and up, and up forever.
B.S. Bernanke himself was vigilantly standing guard to make sure nothing derailed that Goldilocks economy. Of course by that time the U.S. housing bubble had already burst, and within months the wheels had fallen off the economy as a whole.
Flash ahead to 2013, and the U.S.S. Titanic has a new Skipper (Barack Obama), but the same First Mate (Bernanke) – again (supposedly) constantly on the look-out for icebergs. Is there any reason for this Plucky Crew to be worried?
How about $1 trillion per year of totally gratuitous money-printing (i.e. “QE”), which has produced the now-familiar chart below? Does anything about this chart suggest “bubble”?
Written by Jeff Nielson Thursday, 15 August 2013 12:58
What actually happened in the gold market during the second quarter of 2013? The One Bank launched one of its most savage assaults on bullion markets throughout the entire course of this 13-year bull market, causing all-time record demand for gold – while the market for its (fraudulent) paper-called-gold collapsed.
However (potential) gold investors wanting information on those events would have been hard-pressed to decipher what really happened in bullion markets from the fictionalized account of the World Paper Council for Q2. Despite observing itself that demand for paper-called-gold suffered the largest crash ever, while demand for real gold experienced its greatest spike ever; the WGC simply finds it impossible to spell the word d-e-c-o-u-p-l-i-n-g.
This should not be a surprise to regular readers, who now understand that the WGC is little more than a mouthpiece for the One Bank. So when it comes to describing the crimes of the bankers in bullion markets, the mantra is “see no evil, hear no evil, speak no evil.”
Some may attempt to argue that the report of the WGC does try to portray a (somewhat) bullish picture in the sector. It did report that demand for gold bars hit an all-time high. It did report that demand for minted coins hit an all-time. It did mention that global jewelry demand spiked to a five-year high.
But what choice does it have? It is (at least supposedly) the World “Gold” Council. And while it does its best to hide data on the gold market (only two years of supply/demand numbers exists for a commodity which has traded for thousands of years), at the very least it will always be forced to report current sales data.
What we had here was the World Paper Council deliberately understating the most-explosive quarter in the history of the world’s gold market. What did the WGC lead with in its deceptive account of this quarter? A fictionalized number which it calls “total demand” – which (as its tag-team partner, Kitco immediately reported) was “down 12% from the same period a year ago.”
In the most-explosive quarter for demand in the history of the gold market, we have the WGC beginning its pseudo-report talking about falling demand. Of course what it calls “total demand” is the demand for real gold minus the plummeting demand for the Banksters’ paper-called-gold.
However, there can no longer be any possible excuse in reporting demand for gold and demand for paper-called-gold as a single number, for two reasons. The most-obvious reason is the dichotomy: the decoupling we have seen in this market as demand for the One Bank’s paper-fraud products collapsed at the same moment that demand for gold hit an all-time high.
The second reason, while not as spectacular is no less imperative. The bullion banks (via the Corporate Media) have implicitly confessed that all of their own paper-called-gold is just paper.
When the Banksters attacked the gold market in Q2, driving down prices, demand exploded in India – still clinging to the mantle of “world’s largest gold market” (just ahead of China). Since India produces virtually no gold itself, this produced a gigantic gold deficit. How did the bankers and the Corporate Media insist (again and again) that they could “fix” this gold deficit? By selling Indians more of their own paper-called-gold.
And as I rebutted again and again in my own commentaries; as a simple proposition of arithmetic/logic the only way that selling “paper gold” could alleviate a “gold deficit” is if you are merely selling paper, and calling it gold. Fraud – now out in the open.