Our narrative is a simple and honest one: we are ordinary people who care deeply about taking care of our families and we work very hard to do so. Unfortunately, when we try to save our money to do this, we are thwarted at every turn. We see a profligate government determined to promise everything to everyone and spend without limit, we see endless Quantitative Easing by a central bank determined to devalue our currency, we see an ever declining real value of pensions and paychecks, we see a decimated middle class losing 30% of its net worth in just five years, we see interest rates on our savings approaching zero, and we see a wild west stock market that no sane person should trust their entire future to.
So in our efforts to protect our families and our financial futures, we invest in something tangible, valuable, and (over time) stable. We store a portion of our hard-earned value in gold and silver. And we aren’t going to be dissuaded from protecting our families by the insults of cognitively challenged TV hosts.
We are going to keep stacking. [Read more...]
Harken, if you will, to the glorious days of times gone past when the stimulus flowed like honey and the unicorns of government-created prosperity roamed the land dropping their spoor of jobs and skittles hither and yon.
Those were the halcyon days, where every newscaster breathlessly intoned that the Green Shoots of economic recovery were popping up all across the country like some kind of genetically engineered super-weed of wealth.
Little Timmy Geithner, flitting from news show to news show like a diminutive pixie of prosperity, was endlessly repeating the magical words in that child-like voice of his: recovery… recovery… recovery...
Yes, it was 2010. The fabled and legendary “Summer of Recovery”. I recall its radiant splendor as if it were just four years ago.
The official unemployment rate, which everyone claims as the cornerstone piece of evidence for an improving economy, is only falling because the BLS fails to count discouraged workers who drop out of the labor force every month, pretending instead to the fiction that these people have found work. Without this pathetic sleight-of-hand, unemployment is actually solidly in the double digits and has not appreciably improved for years now, despite trillions in deficit spending, ZIRP, the various QE’s, MBS purchases, POMO cash, etc. Recovery my ass.
We should never forget: The media was wrong, the economists were wrong, the administration was wrong, the Keynesians and their central banks were wrong. Gold and silver were right. And they will be again. Stack while you can.
So I logged-on to the Yahoo finance page the other day and I came across a main page headline that was a genuinely perfect specimen. No, it wasn’t the “Eight Hottest NFL Wives” or “Superfood that boosts your sex drive” that caught my eye. The headline I read, carefully placed in the dead-center of the page to draw your eye, blared “THE LESSONS OF GOLD’S COLLAPSE”.
Intrigued by the fact that a 29% pullback in 2013 after a monster 500% twelve year bull run could be called a “collapse”, and wondering what sage lessons I might learn from this, I clicked… and was treated to such an outstanding example of a drive-by hit piece that I thought it would be fun to outline all of the techniques used in this article, and frankly many MSM articles, on gold. I think there are actually some valuable lessons to be learned from this thing, but I doubt they are the ones the author wanted me to take from it. So rather than take apart the mistakes of the article one by one (which was largely done in the comments section of the piece by some of the more informed readers), instead let’s examine the standard characteristics of a pedestrian MSM hit piece on gold. [Read more...]
Just exactly who is controlling US media?
Watch the humorous but frightening clip below and decide for yourself. [Read more...]
Neofeudal financialization and unproductive State/corporate vested interests have bled the middle class dry.
Yet we accept the officially sanctioned narratives as authentic and meaningful. Why? Perhaps the truth is simply too painful to accept, so we will reject it until we have no other alternative.
Let’s cut to the chase and generalize “what’s fake”: everything that is officially sanctioned: narratives, policies, statistics, you name it–all fake– massaged, packaged, gamed or manipulated to serve the interests of the ruling Elites. [Read more...]
Rather than source the abundance of information currently available regarding Chinese demand, Goldman chooses instead to use the Bloomberg/IMF data for their chart and research report. This is the same GoldmanSachs, mind you, that tells their clients that gold is heading to $1050 (http://www.cnbc.com/id/101220299), all the while accumulating shares in the GLD at a rate four times faster than anyone else on the planet and acquiring 1.45 million oz of gold from Venezuela! [Read more...]
Central banks are always selling gold, and nobody is ever buying it.
If the brilliant economists running our central banks are selling their gold, then it is obviously a bad time to buy… and the press assures me that central banks are almost always selling gold. And apparently, nobody ever buys it.
Yes, it’s never a good time to buy gold. Ever.
Jim Sinclair opines on the Bureau of Economic Analysis’ changes to GDP calculation announced Wednesday, which will add 3% to official US GDP (or an economy approximately the size of Belgium) by counting research, development, and copyrights as part of the GDP calculation for the first time.
Apparently the only way to delay recognition of the latest recession (for 2 quarters perhaps?) among the mainstream is to blatantly manipulate the calculation by a whopping 3%.
MOPE at its finest. [Read more...]
In testimony yesterday on Capitol Hill before the Senate Banking Committee, Federal Reserve Chairman Bernanke remarked:
“Gold is an unusual asset. It’s an asset that people hold as disaster insurance. A lot of people hold gold as an inflation hedge. But movements of gold prices don’t predict inflation very well, actually. But anyway, the perception is that by holding gold you have a hard asset that will protect you in case of some kind of major problem.
I suppose that one reason gold prices are lower is that people are less concerned about extreme outcomes, particularly negative outcomes and therefore they feel less need for whatever protection gold affords…Gold price going down is not necessarily a bad thing from that perspective. It suggests people have somewhat more confidence, and are less concerned about really bad outcomes.” (Editor note: Really? Gold began a massive paper smash only days after bullion bank ABN Amro defaulted on allocated gold accounts because investors are less concerned about really bad outcomes??? More like: We intervened to take down the futures price of gold due to systemic risk of an imminent bullion bank collapse & contagion!) [Read more...]
It didn’t take long for the hoards of zombie bank analysts to come out with their bearish precious metal forecasts now that the price of gold and silver are down 25% and 40% respectively since the beginning of the year. Coming straight out of the bankers play-book, it looks like we should get used to seeing more of this sort of high quality analysis in the future.
While its true that not all bankers or analysts see gold and silver as a threat, the overwhelming majority do.
The whole global banking system is based on a fiat monetary system that is still becoming weaker each passing day. Gold and silver are a real threat to the banking system because they offer a competing monetary currency that has 2,000 years worth of solid experience. [Read more...]
The action behind the scenes is often the polar opposite of what the mass media reports. Smart money has been executing their heaviest buying in physical gold and silver markets in about 5 years, and in some cases, in more than a decade.
If you desire the truth versus propaganda, you will be in a much better position to understand reality if you turn off your TV, put down the New York Times and the Wall Street Journal, and start relying on independent and alternative media sources instead. Otherwise, if one depends on mainstream news for their investment decisions, one will be apt to believe that they are “educating” themselves when in fact, the fascist banking/government machine is merely “reprogramming” them, after which, one will become so brain-dead that they will not even pay $25 for a 1-oz gold coin.
Between now and the next few weeks, despite continuing volatility, will likely be one of the absolute best times to buy gold/silver assets of the entire bull market due to the banker executed paper-gold raid this past April yielded a 7-sigma event, that according to Wikipedia, should happen only once every 1 billion years, thus again proving beyond a shadow of a doubt that the global bankers executed fraud of epic proportions during their latest raid.
There is something very strange taking place in the financial markets presently. Main Stream Media has actually convinced the majority of investors in the west that gold is now in a bear market while the real value is found investing in stocks and bonds. It’s one thing to invest in equities or treasuries when they are undervalued, but to promote these assets when they have become the biggest bubble in history… is quite insane. The world has been turned upside down. Real value today is bad, and lousy values today are good… very strange. This is especially true for the ZOMBIE BANKING SYSTEM.
On the other hand, gold and silver prices have been severely beaten down and are now extremely undervalued. This is actually the right time to be buying precious metals while exiting positions in stocks and bonds. However, the exact opposite is taking place in the west as investors dump precious metal contracts and purchase overpriced equities. Furthermore, hedge funds now hold the highest number of gold short positions ever.
So, the question remains, how on earth can gold and silver be selling off when the broader markets are in a massive bubble and the rest of the financial world is a compete mess? There’s a simple answer:
Banks Selling Garbage for a Premium [Read more...]
Here we go again! With the cartel’s gold smash stalled at $1386, breaking across the wires is a Bloomberg report that Cyprus Finance Minister Haris Georgiades has just stated that Cyprus will liquidate its gold reserves within the next few months.
Now we know why the Cyprus gold sale story was refuted 48 hours after the initial report: so the MSM could re-cycle the news and use the threat of the same tiny 10 ton gold sale as an excuse for another future paper raid.
Still no mention from Bloomberg or any other MSM source about last weekend’s collapse of Rio Tinto’s Kennecott mine in Utah, which wiped out 5 million ounces in annual silver supply, and 500,000 ounces of annual gold supply. [Read more...]