Jamie Dimon

We know market rigging occurs every day. We may not be able to see it, as it’s hidden in vast arrays of high frequency trading at the nanosecond level. The manipulators can conceal their work through offshore accounts.  Proxy traders conceal their actions, but we still know it goes on.
Why do these excesses and criminal actions get punished only lightly, with no jail time and little more than a miniscule fine?
Because it is in the interest of the government to disclose only enough to the viewing public so that it is possible for a prosecutor to wage his little war against JPM, while, in the full knowledge that the real story is infinitely deeper.
It’s like prosecuting the Mafia. A don or two goes down but the enterprise continues to thrive. Every one prospers; banks, criminals, attorneys and the government. Its a win-win for all except the marks who suffered predations by these people.
But the one market that can never be prosecuted is the market in which the government is running the fraud. The government is in the precious metals market. That market belongs directly to the government. That market must be suppressed because if it is not, the government is screwed.
Legal beagles, attorneys general, and private lawyers cannot get a handle on this manipulation; they cannot be allowed to find the bodies and levy fines because the government cannot allow it.
The government is the market, manipulates the market and this game MUST continue.

gold volcano eruptionWe face something that has not been visited upon the human race since the fall of the Roman Empire. That fall caused 1,000 years of darkness. It’s taken 500 years to dig ourselves out of that morass and here we are, committing the same sins and behaviors that brought the Romans to their fall.
The Romans tried to grow their empire with the loot taken from conquered territories. They eventually tried to finance this expansion with debasement of their precious metal currencies. In this they failed utterly despite the most heavy handed attempts to retain the Empire on the backs of their people, slaves and those of the conquered territories with taxes, impounds and thievery. A short look at history shows that we are trying the same thing. We will get the same results.
The present days are starting to look like the beginnings of a supervocano. A magma pool has formed. Fumaroles and ventings smell like sulfur. Small and large earthquakes accumulate until it is clear something bad is going on. The land tilts; lakes start boiling and shortly thereafter the super volcano explodes.
No leader or country that has taken FIAT as a false prophet has ever survived. No regime has held power for more that a few decades, much less centuries, when based on FIAT. Those empires must fall. The powers that be know it. They fear the end is coming. Thus we been seduced through 40 years of a Brave New World, Soma-like existence to the stark, surprising and painful reality of the advent of 1984.
Wake up dopesters, that banging sound is reality knocking at your door. The FLASH POINT looms close at hand.

Whenever any form of Government FIAT currency becomes destructive to these ends, it is the Right of the People to alter or abolish it, and to institute a new monetary system based on the principals of Sound Money, creating a government with such Powers and upon such Principles that is most firmly dedicated to the  Safety, Happiness and Well being of the governed.

Prudence dictates that long established currencies should not be changed for light and transient Causes, and experience shows that Mankind is more inclined to suffer and endure monetary debasement, than to throw off the mechanisms of Debt Slavery and Penury.
But when a century long Train of Abuses, Takings and Expropriations, all pursuant to the same Object of Servitude to an Unelected Foreign Master, it the Right and Duty of the People to throw off  said manacles of monetary indenture-ship and provide for new Guards for their future Security.

Cyprus haircutsIf one thinks Cyprus is too small to matter there is the matter of another small island, called Japan, and that does matter and that’s a $5 trillion  economy and 110,000,000 population that is screwing itself into the ground with Abenomics, another Keynesian clusterf*** of cosmic proportions that will kill the Japanese GDP and its people.

bankstersToday, the central banksters have put on the ski mask, toting the gun and come into the lobby telling everyone to get on the floor.  They are taking over this place and anyone who looks crossways at us will get killed.
We the long suffering depositors, are going to get pillaged when the time is right. You have been warned once again.  Get it or don’t but don’t snivel when you get scalped!
Get the hell of your bank!

Eurozone contagionThe contagion in the Eurozone is like hypothermia.  The peripheral countries of the Eurozone are frozen; frozen out of the capital markets, with little capital flow inside the country. They are shut down.
If these countries start accepting bail ins, in a strange way they are temporarily revived by fresh capital infusions from the ECB.  Their banking system that was formerly shut down restarts with a jolt of liquidity.  They start to show some signs of life even though they are moribund.
But what happens is the smart money starts fleeing from countries before the bail in proposal ink is dry.  The smart money; call it the warmed blood, the money that gets out of a country’s banking system before it starts crashing,  starts flowing towards the core. 
This is happening now.

HindenburgBy AGXIIK:

Obama is on a tear about the ‘size’ of IRA balances.  He says that Americans should not have IRAs beyond a certain limitThese limits would be imposed through changed in the tax codes to impose FAIRNESS in IRA matters.
HERE IS MY PREDICTION:  
Obama will propose bank bail-ins that incorporate a progressive pension plan expropriation based on retirement plan size and income streams.  It will start with the biggest plans, many sitting in offshore accounts.  These mega plans will suffer a large haircut, perhaps starting with 20% and progressing upwards to 50%, depending on how one acquired the wealth or how well connected one is.
Like the well-connected in Cyprus, those who know the haircut is coming can execute plans to remove their IRAs from government seizure.  Those who are not forewarned to this theft will wake up to find their $500,000 IRA  has been halved.
Cue the Hindenburg.

roach motelBy AGXIIK:

Face it folks, the die is cast.  Bankers have shown their true colors. They are no different that robber barons of days past.  They will steal your money through interest, fees, penalties, foreclosures and if those fail, they will steal your assets because you are a convenient and conveniently foolish cash sheep waiting to be fleeced.

The modern financial system has become a Currency Roach Motel.  Your money checks in but it doesn’t check out.

By SD Contributor AGXIIK:big tell

I call this THE BIG TELL
If you play Texas Hold’em, you know what big stack, small stack, tells, reading the cards and going ‘all in’ means.
We, the people, are in the BIG GAMEThis is the one where you get to play for the entire stack, or nothing, depending on your skills. It’s a winner-takes-all game.

The evil Troika banks, their ghouls, Bernanke, LeGard, Draghi and Merkel the Merciless are dead set on making an example of Cyprus. This is not about the debts owed or the bankrupt banks. It’s about control, controlling the table,  going ‘all in’ with a policy of scorched earth and making an example of Cyprus so the PIIGS get the message that they are next.  This ‘all in’ message was a warning shot across the bows of the middle stacked plays like Spain and Italy.  You are next!  We plan to take your stack, your deposits, your pensions, even your livelihoods and lives, and send you to the rail.  Get ready.

drone onBy AGXIIK:

The drone issue is a perfect example of a government run wild with power, thinking it has a mandate in its ability to murder its citizens, with the threat of terrorism as the high cover to a sky filled with weaponized UAVs.  My refrain is “Don’t Drone me, Bro’!

A government with a weapon system like this will eventually use it, even if a copy of the  Constitution is wrapped around its engine nacelle. 

By SD Contributor AGXIIK:

The trade between Japan and Europe and China and Europe will be hit very hard when Europe can’t afford goods from China and Japan.  The east will suffer badly as devaluations won’t overcome the recessions and depressions in Europe.

These are real and dangerous tipping points that won’t hold back very long. The people in Italy, Greece and Spain are near the breaking point.  I doubt if the Fed will have enough money to bail out Europe when Benny is spending all his political capital in bailing out the US, although I would not be surprised if the Fed doesn’t give it a try, nonetheless.   
If we thought 2012 was the year of the epic failure, it may have been just a warmup act to 2013.

inelastic silver demandBy SD Contributor AGXIIK:

The silver price is inelastic when it comes to the production of mission critical products ranging from war fighting materials that can use many ounces per unit to cell phones. The winds of war are blowing and China is stowing silver by the hundreds of M OZ. Whether the price is $30 and ounce or $150, the amount of silver will be an immaterial consideration to the overall purchase pricing. It might be a $5 in a phone to $150 of silver per solar panel. No one will care as millions of IPhudds and Phablets fly off the shelves. Panel prices range from $1,200 to $2,000. The silver component at $150 is bupkes. If a company or country like Japan or China needs solar power they will pay the price. Power trumps silver prices. Consumer demands trump silver prices. Absolute and vital products availability trumps silver prices.

It may come down to a situation where the low $30′s price of silver will be seen as the good old days. The entire world is waking up to the vital aspects of precious metals. When the average person become aware of these issues, the status of the US Mint shutdown will be headline news. 6 MOZ of ASE coins sold in 2 weeks is the bellwether of an impending crisis.

gun sitesBy SD Contributor AGXIIK:

The government says that once the Roth is converted, there are no taxes on withdrawals after that.  Of course, the gummint is great at the big lie.  Anytime in the future the Roth safe harbor could be cancelledAll a president would have to do is pull the NDRP or NDAA trigger, and they own our butts. 

Most people would never even hear of the IRA grabs thus leaving themselves as a convenient target. Those that were smart enough to see this coming would do just what most of us are doing.  Slowly removing the IRA balances, paying the much smaller amounts of taxes and moving on.

There’s a good possibility that the GRA or pension grabs will move up in line of Federal control, thus leaving out the annoying waiting  for revenues and actuarial estimation of when the holder will die, with the estate coughing up half of the balances.

By SD Contributor AGXIIK:

America will soon suffer a horrible reset. That’s inevitable.
But the people of this country and their unique nature, with the resolve to roll up their sleeves, deal with the reset, and get back on to a sound hard asset backed currency (even if they have to dig it out of the ground with their bare hands) will reestablish a sound economy, like the one embodied in the best elements of the Constitution and Bill of Rights along with the beliefs and morality that existed before the banksters came to rule the land.  The present day currency cargo cult will come to an end.

I have optimism in that. But until we go cold turkey on a century of debt and take the cure, these things will not happen.  The longer we wait, the worse the reset will be.

imagesBy SD Contributor AGXIIK:

As free or low priced money floods any economic system it skews the value of the FIAT and the goods paid for by this funny money.
The government pays out $1,000,000,000,000 (trillion) in transfer payments a year.  
This is big money that has no effort, sweat or value recognition embedded in it.  It’s free money.

Similarly, in gold & silver, price discovery has been blown all to pieces because of another free money crowd, the paper traders.