The Games Continue - 1630 & 29

That "Coup of America" was one helluva an article.  The depth of their depravity is almost beyond imagination.   

"In fact it seems senseless to  suppress these prices to protect the currency  when the practical effect of the policy is  to serially   strip  the US Dollar of what little practical  backing it has, give China a made in heaven  exit strategy for the 2,2 trillion  in  unwanted dollars they  are trapped in,  and help China build the worlds next reserve strategy.

  Perhaps it buys time, but that's about it, its  pretty  clear  how  it  will end. "

I have been contemplating what if China had threatened to upset the US fiat dollar apple cart by dumping their treasuries.  If China proposed the central banks control the price of gold over several years (less than $1600) so they could convert fiat dollars to gold they would let the Ponzi scheme continue, our banksters could continue to plunder.  If I was China, and I wanted to have the next gold backed world currency, I would want about 20,000 tons of gold.

From http://www.marketoracle.co.uk/Article15550.html.

"the US government allegedly manufactured/bought some 1.3 to 1.5 million 400 oz, gold-plated, tungsten bars.  Some 640,000 of these bars were allegedly stored at Fort Knox, and the balance was sold/shipped to central banks/other parties around the world."

​This potential 600 million ounces is about 20 million kg or 20,000 tons of gold plated tungsten.  The value of 600 million ounces gold is about $960 billion or one trillion dollars.

​Since most of the gold in the world is claimed by various central banks and is mostly stored in New York and London vaults with various stickey notes denoting ownership.  The stored international gold is rarely if ever audited.  If you substituted your tungsten bars for real gold, the claimed owners would be none the wiser.  An elegant way to practice fractional reserve gold vaulting.  Jim Willie stated that over 5,000 tons of gold was shipped so far this year to the far East without records through the London market.  It appears that China could be well on their way to 20,000 tons of real gold.

​I assume that the Fort Knox gold was already switched in the last 10 years.  JP Morgue,Goldmen Suks, and the London banksters may complete the switching of German, French, Italian, and Arabic gold with tungsten bars so China has their 20,000 tons.  When the deal is complete, the price of gold will to to $10,000, the TBTF banks will "fail", reconstituted as new entities with the same old banksters in control, and the US goobermint will authorize printing of another trillion to cover the losses of TPTB while joe six-pack and the middle class bear the losses via taxes and inflation.  The banksters will continue to plunder while the world has a new gold backed currency..

P.S.  The US government will impose a 90% excess profits tax on bullion sales/

You better h/t this one. Could be the best of the day

Bam

You better h/t this one. Could be the best of the day

RE: 100% Chance of a Beatdown

So to follow up, yea I think we will most likely have an inconclusive election. This will not be looked on favorably by the market because it 1) doesn't lead to an obvious Greek exit, so CBs don't need to "interfere"? and 2)Doesn't leave them in and thus not pro-bailout. Either way markets will sell of and Gold along with it, insert whatever reason you would like here for why, doesn't matter. Oil, copper, etc. will also fall as there is another rush for treasuries and dollars. The Egyptian election will just add fuel to the fire. But don't worry this will all be proceeded by the saviors in chief, the CBanksters, coming in on tues to save the day. And guess what, this all gives cover to Obama to commission Big Ben to press the QE button, no questions asked. Then the games begin. I'm hoping to get in on some Gold at sub-1600s, one-last-time. Today was an excellent day to exit any and all equity positions, and I'm pretty sure that was what today had been engineered for and Thursday's CB coordination announcement was the vehicle. Good luck to all.

G

An interesting article on the Syrian situation, which also provides historical insights, unlike debka, which seems to be mostly war mongering:

http://www.atimes.com/atimes/China/NF16Ad01.html

http://www.tfmetalsreport.com/forums/frivolity-forum

Many thanks for your frequent contributions in this genre. I experience little humor in our daily PM situation; your cartoons bring much-needed levity.

If I knew how to give you 1,631 hat tips and another 30 for good measure, I would!

I appreciate your cartoons very much.  Again, many thanks!  Oh, wait, as the POTUS might say, "Muchas Gracias!"

this  foul filthy ferret  gensler  is  gracing  charlie  rose as  we speak,  fresh  from  the  barber.....  of  seville,,,,,

Got a belly Laff from that! He He

Just finished the Jim Willie Pod, Kudos to Jim and You TF!

A very comfortable performance, flowing and insightful, polished even.

I feel a joke coming...

..sometimes less is more..  :0)

..could to be very interesting. I expect Greece will have a pro-bailout gvt in the works on Monday and all will be calm. But if not, will the rush to the dollar suppress PM prices, with Blythe riding shotgun, or will we see a similar surge in PMs at the same time? I'd welcome opinions.

Perhaps the cartel (JPM) is being blackmailed to hold the door open...for Hu Flung Poo (and other assorted Chinese/Oriental clients).  Once all the physical is shipped eastwards, the fuse will be lit on the price rocket(s).

Nice Stack my man... keep stacking!!

If you have spoken out, then it's time to do it again... wider and louder.

Pardon me if this has already been brought up today, but after checking the "news" of the day and seeing the ever increasing shenanigans and high crimes being committed, I've reached my own personal tipping point. I've just tinkered with a long post on the subject and nixed it. No need to blather on. You people get it when it comes to government and crony-in-cahoots gold, silver and respective mining share manipulation that has become so blatant... now out of the dark in broad daylight that it has become tyrannical, terroristic... evil in its nature and its works.

Time to take a stand. Jim Sinclair posted the following that sums up the sentiment. I'm sure you've read by now:

Dear CIGAs,

Have you had enough of the manipulation of your gold and silver shares? The more noise we make the closer we come to getting the light shined on these evil people.

Complain about the raids of your investments by short sellers if you have witnessed it.

Hi Jim,

Looking at quite a few issues this afternoon, this same phenomenon occurred with huge volumes right at the close or even trading after the close. THIS is the biggest, most blatant and in your face manipulation since this whole fiasco started. I entered the PM arena in 1998 and thought that I had seen it all. Apparently not! Of course, we will not hear anything from the regulators but we must yell louder and louder. To suffer in silence is madness and cowardly.

CIGA Bill

Dear Bill,

I am asking my readers that if any gold shares they hold were sneak attacked after the close tonight that they raise total hell with both the regulators and the exchange.

I am asking for 400,000 complaints on Monday morning. Suffering in silence is madness. These people do not want sunlight on themselves so our only weapon is to turn as much light on as we can.

Dear Friends,

Please complain about the blatant manipulation of your company today to the following:

SEC – http://www.sec.gov/complaint/select.shtml

Amex – http://usequities.nyx.com/customer-support

Let me add to this. Certainly those in the mining business should be completely at wits end and outraged and they should be screaming at the regulators, but WE that own shares in these companies OWN THESE MINING COMPANIES. We are being robbed. 

Along with Ted Butler's call a few years ago, I wrote the CFTC. And I wrote my local reps. What a wasted effort that was. Like writing the egg-loving snake that the fox was killing the chickens.

My call to action here in Turdville: if you have mining shares or own physical metals, you need to stand now and make your voice heard. Write your Congressman, even if they are the enemy of all that is fair in the markets. Write your local media. Write the owners of your... YOUR mining companies and call them all. Do it multiple times. Do it or YOU ARE PART OF THE PROBLEM. 

Lastly, don't stop there with outraged yet respectful letters, email and communications. As Dan Norcini so correctly and succinctly put, bannered at the top of Santa's site for so long was, paraphrasing... until buyers stand for delivery this robbery will continue.

Turd is right in pleading with us all to buy physical. I own a substantial stake in mining shares, but they have become the playthings of the wicked ones. The mines will prosper and the shares will explode higher at some point. Bottom line: I'M NOT SELLING THEM, PERIOD. 

But I realize that supply and demand is the only law that stands between us and the criminals, and winning or losing with our investments in metals, whether physical or shares. No government or bought and paid for regulator is going to intervene on our behalf, since they are so obviously part of the machine that is assigned to roll over us, rob us, impoverish the masses and (they think) save themselves or attain their dubious station of ruler elite favored status. Ironic... even they will be rolled over.

CIGA Bill is right, suffering in silence is madness. I've done it after the Butler CFTC letter-writing campaign that turned out to be a massive waste of time... but no longer. This is not a game. It's not a dress rehearsal. Pm's are our lifeboat, our investment for our families. I can not and will not sit on the sidelines any longer. I will write to everyone I can think of that might have an influence on this crime against humanity. 

Please join. Write. Call. We have strong numbers of viewers here. We are in a "Don't Tread On Me" moment. Seize it or regret it. This is a war. Make noise or go down complaining all the way. 

Great post Larry! Maybe things will just erupt in the PM's and the miners will have to follow somewhat.  I can't imagine gold at $2000 and Gold Corp at $40 or SLW at $30 with silver at $50 etc.  Eventually this is going to pop open.   Maybe on Black Monday 2.0?

And I wouldn't be surprised if things got real bad in the market they ban short selling of any type to really goose the market around the same time they QE like crazy if the banking system and markets get hit hard.  What better way to boost and goose the market caps and the assets of those companies who can used the increased value of them as collateral against more borrowing etc. going forward? Just imagine all short position or shares being banned? 

They can help themselves out a lot here by just stopping some of the things they allow. 

Addition by subtraction. Less is more.

Two of my favorite euphemism's.

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Random thought on silver and JPM

I  don't think JPM cares if they get stuck with all or any of their short positions in silver or whatever else they have shorted to death because they are TBTF and this weeks pontificating and ass kissing that Dimon got away with proves it to me. They've got a free pass and an unlimited amount of money available to them because if the Fed. Govt stepped in for AIG and GM among others then they'll do so for JPM if need be and JPM and Dimon know this. They can almost be as reckless as they want to be especially if the Fed or Treasury needs them to do what they're doing regarding silver.

There losses would easily be covered up in the silver market if they bust out. How much we talking if JPM's position were lost or banned from trading? 

One electronic abba-cadabra and presto...JPM is re-capitalized and made whole.

Moral of the story...buy as much sub $30 silver as possible while you can. I might do so tomorrow.