Gold today is no longer related to the normal economic cycle of supply and
demand, jewelry, Indian wedding seasons, rain in the Middle East. All
those things are passé, forget about them. Gold is driven today by one
overriding and I am afraid, at least in my opinion, an irresistible and
irreversible trend. A fundamental, global and growing insecurity… A
fundamental, global and growing lack of confidence of the world in
everything they were brought up to believe. Institutions, insurance
companies, banks, issuers of mortgages, ratings agencies, equities,
sovereign debt, Federal Reserve Banks. Portugal and Iceland.
Greece and Spain. Currencies. What is left? What is left?
- Peter Munk, Chairman of Barrick Gold
Bureaucracy defends the status quo long past the time when the quo has lost
- Laurence J. Peter
The Big Lie
I feel completely blessed to be alive right now. To be a witness and
participant in a moment in human history that will be written about and
passed down in tales for as long as humanity remains on this planet.
We are currently observing the evaporation of what Nazis referred to as “The
Big Lie.” In
very basic terms the concept of The Big Lie is that if you are going to lie
you may as well lie big. So big in fact that the majority of well
meaning citizenry could never imagine anyone lying on such a grand scale
(particularly not their government “officials”) so that they don’t even
question the basis of their own reality. In the case of the United
States the Big Lie is that we have a free market capitalist economy.
Instead we have a corporatist/fascist economy that enriches three main
groups. Wall street financiers, the military industrial complex and
large multi-national corporations that don’t pay taxes. So that begs
the question, how can the American people be so brainwashed into thinking
they live in this false reality? It’s very easy. It’s all about the
Up until recently (and by that I mean the last three years) how many people
asked what is a dollar? How is it created and who controls the
creation? Essentially no one did. The financial crisis changed
everything because as the false reality finally cratered under its own
weight the super elite that robs and rapes the rest of us saw their world
crumbling and they panicked. In order to save themselves, their
reputations and most importantly their wealth they responded in such an
absurd and selfish manner it shook millions of Americans from their slumber.
People started asking basic questions they never even thought to ask before.
One of those people was me. When I discovered how completely fooled I
had been my whole life and figured out how the scam works I started writing
about it. I relied on those great men that have been writing about it
for decades in relative obscurity to educate me on monetary and financial
history. I then shared what I learned with anyone that would listen.
I am pleased to report that it has been a tremendous success and enough
people are now awake for the system to be overthrown. That is what is
in the process of happening now. Yet as I have said many times before,
the super elite has all the tools of control still and will not go down
easy. Think about what despotic leaders have done to people in times
past. The torture, the exterminations, anything to have power. I
believe many at the helm within the financial system and military-industrial
complex in the U.S. are just as evil as those from the past. That
said, in the age of the internet their methods of control have changed and
the war going on between truth and lies playing out right now has two main
battlefields. There is the information war being waged by the
alternative media vs. the dinosaur propaganda media. The second
battlefield is the financial markets where honest money (gold and silver) is
battling fraud fiat money controlled by the banksters who give The Bernank
his marching orders. These orders are not designed to help the economy
(which is why the economy remains horrible) they are designed to preserve
the status quo and protect their ill gotten gains. The establishment
is getting wiped out on both battlefields. It is an amazing sight to
The Bernank Has No Clothes
The Bernank’s inaugural press conference last week was nothing short of a
disaster. The Wizard of Disneyland came out from behind his curtain
and despite softball questions from “journalists” couldn’t make any sense
whatsoever. I just listened to it again a few minutes ago. His
answers were full of contradictions and backwards logic. The first
time the word “inflation” came out of his mouth in response to a question he
started stuttering. When asked about the dollar he said “the treasury is
the spokesperson for the dollar.” Come again Bernank? They are
FEDERAL RESERVE NOTES and you create them out of thin air. And lots of
em. The Big Lie.
When talking about gasoline prices rising and the inflation in commodity
costs in general he claims the Fed isn’t responsible, yet then he claims
that if they keep going up and feed into core (which they are big time
already and wait until you see Wal-Marts price hikes in June) the Fed would
have to respond. Huh? If you aren’t responsible for the increase
then how can you act to stop them and why would you act if you didn’t cause
it in the first place?
Nothing though exposed this fraud of a man more than when he talked about
Carmen M. Reinhart and Kenneth
Rogoff’s book “This Time is Different.” The Bernank offers his view
that the reason why prior financial periods of crisis took so long to
recover from was because officials didn’t act properly. There you go!
This exposed the man and his absurd statist mind for all to see. He
thinks he is the superman that the world has been waiting for. He
seems to think that in his brilliance and money printing he can just make
the prior bubbles go away and we can get going again. Let’s think
about human nature for a second. We have had government’s in charge of
civilizations since the beginning of time. Do you really think the
majority of those governments really just stood by and watched after a
financial crisis? Hardly. Furthermore, looking at the 1930’s it
is very clear the government did anything BUT stand by idly (another lie).
They interfered like crazy. That is why the U.S. economy NEVER
recovered naturally from the 1930’s. Never.
I have said for years that there is no stopping the mega cycle and that is
what we are in. I also said that things also never play out the same
way. You have to look at the players involved. The Bernank is
haunted by his mythical view of the Great Depression and deflation. He
also thinks he can outsmart natural cycles. So when Von Mises says
there is no end to a credit bubble other than deflationary bust or a
collapse in the currency you have to ask yourself which one it will be?
I have said for years it will be a destruction of the currency system and
that what has been happening but what we have seen so far is merely an
The Markets, Gold and Silver
It is very timely that I get to write today for the first time in a month.
Last week, the entire Big Lie was collapsing left and right. When the
Bernank spoke, gold soared. Obama came out with his latest reality tv
show episode called “The Birth Certificate.” Still his approval ratings
plunged. Gasoline was spiking. Confidence in Disneyland
was circling the toilet bowl. Nothing was working for the
establishment. So what did you think would happen this week?
Well, exactly what is happening. A monster PR campaign to get
confidence back. Let’s go back to Sunday night. We got Bin
Laden! (watch this interview PLEASE http://www.youtube.com/watch?v=UXPg4yblXM0)
Silver plunges 13% in Asia! Brain dead sheep outside the White House
waving flags yelling USA, USA! It was eerily reminiscent of people in
the Arab world celebrating after 9/11.
As many of you know, I believe the markets are heavily manipulated to paint
a picture. However, I also believe that markets always win in the end.
This is a war in which the super elite will not give up or reform the system
on their own accord. This is not just a battle for money it is a part
of a much larger battle for souls. Therefore, they will employ as
aggressive and deadly tactics in markets as they do overseas when they
launch wars every other week. That is what I think has happened this
week. So is it over? I have no idea but I like buying physical
silver again at these levels and I also love the mining shares here. I
have NEVER been more bullish on physical gold and silver right now.
Everyone has an opinion now and that is fine. But I told people to
short oil in 2008 and buy it back in the $40s on the record and I also
recommended buying silver at $10/oz. This is no bubble. We are
in the midst of a major counterattack. The sheep will sell or even
short. The wolves always eat the sheep. That is all this is.
Remember, this is a war between truth and lies but the truth is winning and
will win. You can see the extent of their fear by what is happening
this week. Stay calm, cool and add to your physical.
A Splintering in the Establishment
One of the things I have been waiting to see was when people in the
“establishment” start to speak out more and refuse to cooperate with the
more psychopathic elements with the government, Wall Street and the
military/industrial complex. I am now starting to see increased signs
of this. This is still under the radar but it is happening and
accelerating. Sides are being taken. This is going to be very
interesting to watch. Just remember, the system is coming down and
there is nothing they can do to stop it. They can only separate you
from your real money (gold and silver) before it becomes clear to all.
The action this week is a last ditch attempt. The game is already over.
Finally, please take the time to watch this. It is long but one of the
most important documentaries I have even seen.
All the best,