Perspective - We Have it All Wrong!

Here is a thought experiment.  For the next few moments, imagine that you were one of the elites, totally enmeshed and invested in the status quo.  All of your Ivy League training, your wealth, generational in nature, supports every logical thought that ever pops into your head. You are an expert on arcane, esoteric subjects, an intellectual, a thinker, someone to be revered for your intellect, tact, and above all, wisdom because you are an elite, tried and tested, schooled and raised with other elites, vetted, safe to listen to, and not one who will question the paradigm or assert something unthinkable, such as a different point of view.
 
I know it is hard to think that way, but you are here at this site, so you are used to thinking critically.  So, put yourself in that role, and let’s explore something so basic, as to have been overlooked by all of us, for years, even until this very day.  So here goes . . .
 
The Elites Have Correctly Evaluated the Present Situation
 
Bread and circuses.  So long as the peasants have something to eat that provides a sensation of fulfillment and satiety, and together have distractions in the form of cheap, free entertainment, in unlimited amounts, then the Elites have provided all they need to provide.  So, look at the high fructose corn syrup permeating nearly everything at the supermarkets and mini-marts across America, the franken-GMO-foods laden with preservatives, MSG, sodium, stripped of nutrients but loaded with feel-good chemicals and endorphin-producing sugars and sweeteners, then ask whether the peasants would be happier with NOTHING to eat, or with this artificial food to eat?  Look at any supermarket in the USA, and look at the packages filled with utter crap, devoid of nutrition.  Look at the frozen foods section.  Ready made meals for ONE, just pop in the microwave.  Look at the beer selection, the wine selection, the over the counter pharmaceuticals, ask yourself why the beer section alone takes more space than the fresh fruits and vegetables and fresh meat sections, combined?
 
The Elites have taken the stigma away from government aid at the checkout counter.  There are no food stamps.  There is a plastic card reader.  It can be a credit card, an ATM card, or an EBT card, and the person next in line knows not what form of payment the person at the machine reader used to make the purchase.  The masses can buy GMO Franken-food anywhere: the gas station, the minimart, the supermarket, a vending machine, just about anywhere there is a plastic card reader.  There is also the ubiquitous fast food industry, which products are literally everywhere.  There are gas stations combined with fast food joints, so that one can get gas for the car, while consuming high fructose corn syrup in high quantities, getting a quick high from the glycogen bolus in the bloodstream, along with a caffeine jolt if the meal came with a drink.  There are also cheap prices, literally, pennies for some items, such that getting a full belly is not a real problem at all just about anywhere one happens to be.  Junk food is so plentiful, that the homeless beggars basically dumpster dive and are able to feed themselves with hardly blinking an eye, and if that is too much effort, there are plenty of homeless programs, and giveaways in every single major city, such that going hungry is a choice.  So, there is no real problem getting some form of carbohydrates into one’s body, anywhere in the USA.  
 
By my accounts, from the Elites’ perspective, they have succeeded wildly in feeding the masses.  The Elites care not about nutrition for the masses, though.  Why should they?  The masses are really just barely removed from beasts, while the Elites are there to rule over the masses, because the masses cannot provide for themselves.  See the circular reasoning?  IF the masses though for themselves, they would NOT eat the nutritionless franken-foods, and perhaps then there would be real questions asked of the Elites as to why the Elites were not providing for the masses.  But, because the Elites do in fact provide the illusion that nutritional food is available, and should be, and is eaten by the masses, and because the masses do not rise up in revolutionary furor, the Elites correctly surmise that no such rebellion will ever occur, and the ONLY thing the Elites must do is to keep a ready supply of franken foods available to the masses at all costs.
 
But food alone will not quell the uprising.  The masses cannot be allowed to think.  They must be fed intoxicants or be provided with sensational distractions, or ushered into a false dichotomy where the illusion exists that there are alternative choices but which choices are in the end one and the same.  Television is free.  DirecTV dishes are on every single Section 8 apartment complex in the country, as well as every single public housing complex.  There are constant forms of entertainment for the masses, with sporting events, television shows, specials, and the occasional breaking news story of something sensational like a Royal Wedding or birth or some such nonsense.  Fomenting a popular uprising, in the face of a nation full of Paxil, Welbutrin, Oxycontin consuming zombies, coupled with unrelenting distractions from free TV and a popular culture that is force fed upon the masses, is impossible.  
 
There is no real effort to learn history, or any real reward for those who do, other than to be called tinfoil-wearing conspiracy nuts.  So, the Elites correctly, and successfully, provide that which the masses demand.  There is no shortage of demand for more popular culture TV shows. Look at Breaking Bad.  That show, while awesome, I must admit, when it ended, there was a clamor for more.  Of course there is!  The masses do not want to do any real effort, to learn, by reading history, or learning about finance, or the fiat scam, or the federal reserve.  Who can blame them?  Is it even rational for us to criticize those that simply choose to not know the truth, and to affirmatively choose to remain ignorant?
 
Bread and circuses.
 
The Elites Have Correctly, and Compassionately Provided for the Masses
 
Is it compassionate to allow the masses to starve?  No, of course not, the Elites believe.  No matter that the “food” consumed is so filled with poisons as to create a massively likely shortened life expectancy.  No matter that the pink slime sold as chicken in fast food joints is chemically similar to plastic, and just and nutritionless and just as deadly if consumed in quantities.  So, the Elites create mass production of corn, grown from laboratory strains, which have been proven to so destabilize the environment, that even bees cannot survive, all out of compassion to the masses so that the masses do not starve to death.  See, if the fake foods were not provided to the masses, then REAL food would have to be provided. But, the costs would be prohibitive.  So there would naturally be shortages, and suffering.  So, it is better to prevent suffering altogether; hence, what exists is the compassionate, patronizing viewpoint of the Elites.
 
The Elites Are Struggling with Unforeseeable and Unforeseen Events, and Should be Rewarded for their Patience and Compassion
 
Who could have predicted the dot com bubble, or the housing bubble, or the treasury bubble, or the equity bubble . . . ?  Really, no one, right?
 
So, like then, and like now, what do the Elites do now, when there are sudden developments that, if unaddressed, would collapse the system?  Easy!  Truth is the enemy of the Elites.  They own the media, they walk all halls of power, and wield every single lever of power, all through fiat money.  They control fiat money creation, distribution and from there, asset valuation and hence universal power.  Their fake money allows for distribution of intoxicants to the masses, in ever increasing scale, but the masses clamor for more, more, MOAR!
 
IF there is disruption, it is dealt with by providing MOAR free shi- to the free shi- army.  Simple as that.  When in doubt, whip it [fiat] out!  
 
Look at New Orleans, or New Jersey and the effort to provide for the victims of the hurricanes.  While noble, truly in those cases, the model is the same.  When in doubt, throw dollars at it, at least as long as dollars are perceived as holding any semblance of value.
 
The Elites correctly, unfortunately, view themselves as having to make all the hard decisions.  The masses just trudge to the trough, eat what is given to them, slink off to lounge around and be entertained, then sleep.  Day after miserable day.  No one starves, the EBT cards are replenished.  The middle class slogs off to drudgery in their dead end jobs, or go to school on free govt loans, and “go to work in some high rise and vacation down at the Gulf of Mexico, oh yeah.”  Little pink houses for you and me.  (Thanks John Cougar!)
 
The Elites Understand that No System is Perfect, But Because the Masses Know No Better, Such Imperfections Can Be Addressed Over Time, With Solutions Crafted by the Elites, Who Know Better than the Masses What to Do About Such Things
 
So, because the Elites are geniuses, instilled with innate brilliance unheard of in the commoners, no, there is no effort to reform that very system which actually works as intended.  Did Bernanke screw up?  Ask him!
 
According to him, how?  The masses are being fed, there are plenty of intoxicants and distractions, the Elites are still in charge, there is no uprising or revolution!  So what that the masses have less wealth than before?  The masses do not know what to do with wealth anyway, look at how stupid they are owning liabilities, like depreciating, cost-intensive residential housing units, or double digit interest credit cards, or the newest and shiniest vehicles to come off the factory floors, while shunning wealth-generating or at worst wealth preserving assets like precious metals, or farmland?
 
The useless eaters cannot even think for themselves, and if they did, they should be thanking Bernanke, so the argument goes.  Those poor suckers in the third world, with the USA exported inflation creating real hardship.  They are not Americans, or Europeans, or Chinese who do what they are told anyway, or Indians or any other of the BRICS, whose leaders grow weary of the bully USA, but have no power individually to address it or stop it, let alone question it and become dangerously isolated to the point of being Heisenberged.
 
Remember the North Korean leader?  What happened to him and the danger to the West of the pending Nuclear strikes? What about the dangerous Iranians?  Or the Syrians?  Or the Libyans?  Oops, those last two ended up sort of being on the front page for a bit. Quick, we need a distraction!  Someone show a Kardashian boob!
 
The status quo is working perfectly.  Us tin-foil hatters are the fringe lunatics after all.  We were the ones saying that Arafat was killed by polonium in an assassination hit, and ridiculed.  Just like we are all saying that the fiat system is a ponzi scheme, that gold and silver are manipulated by the Elites to maintain the status quo, because if gold and silver were allowed to trade freely, then the masses would quickly catch on and dump the fake bankster paper . . . 
 
You know, a clear conspiracy that turned out to be, well, true . . .
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120 Comments

TomMack's picture

furst

Can it really be my first oneth? 

i think we tend to give the elites too much credit for diabolical planning.  i think it is more a result of greedy human nature built into TPTB who at this point in time are Ivy Leaguers.  it takes time to work through the generations (+/- 200yrs?) for the nepotism and cronyism to rot the system and the system fail before a new system rises.  we are getting near the end of the current run.

stack on

ps thanks CL

Left Field's picture

Thanks CL

I get it. Those are the folks who support my local politicians who support only incremental change in the  face of crisis.

they too have their blind spots and weak support networks. Their amassing of wealth and power dampens the power of our civil society to come together. I suspect that the quality of the food makes it hard to think well too.

i know this, when you can't afford to feed your self healthy food, you don't have the luxury to think for yourself either.

left field...

Ps. Top ten....real wealth there.

silver66's picture

Thurd

CL great article

I really should go to bed, what the hell am I doing up.

Silver66

glimas's picture

Nope not me

No wonder why I am here, I didn't drink their coolaid.  No TV, no sports...none, read all my food labels and avoid high fructose corn syrup like the plague along with MSG.  Get most of my meat from wild game.  Go out to eat dinner maybe 6 times a year.  My food is mostly fruits, vegetables and protein.  I limit my carbs as best I can.  My entertainment comes from the outdoors....love the mountains and forest.  It is why I am become a hermit.  Has anyone ever looked at what others put in their grocery carts?  OMG no wonder I raise my own chixs for my eggs in the a.m. along with other habits that are not the norm.

CL I agree with you, just have chosen to go the other way opposite of suicide.  Good night all.

JY896's picture

Excellent read, CL

and you are right, of course -- from their perspective, the elites are doing pretty damn well.

… Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses[6]

[...] iam pridem, ex quo suffragia nulli / uendimus, effudit curas; nam qui dabat olim / imperium, fasces, legiones, omnia, nunc se / continet atque duas tantum res anxius optat, / panem et circenses. [...]

(Juvenal, Satire 10.77–81)

The question becomes -- where to from here? Is the erstwhile Republic now morphing into a truly dictatorial Empire -- or have we already passed that phase (largely unnoticed by the masses) and we are now waiting for the Goths and Vandals?

My own  perspective is that revolutions only happen when the alternative (the status quo) is so unbearable as to spark a mass frenzy strong enough to try to sweep it away, whatever the price. The weakened, mis-nourished, pharmaceutically neutered and remote-viewer brainwashed majority of the populace would be unwilling and unable to rebel against a system that provides for all their desires (indeed, shapes and dictates those very desires). If anything, they would be inclined to protect the system.

The question is whether any shock or external factor could arise to change conditions (and thus attitudes) quickly enough -- or whether it might ever become in the interest of any sufficiently powerful entity to induce/foment a revolution. Would it not be the ultimate gallows irony, if ca. a hundred years later, the favor of the Great October Revolution were to be returned ...

We cannot count on the majority (here or anywhere else) until it is all but too late. Is there an awakened and dedicated minority strong enough to effect a change of course? Is hunkering down and trying to wait 'it' out an option? Is anywhere else fundamentally any different, or is this simply a reflection of the current Age of Man? How long can one live in such circumstance without being corrupted by it? And would the inevitable collapse of the exponentially increasing currency/debt complex really loosen the Elite's grip on the reins of power? Could it perhaps provide a (narrow) window of opportunity for effecting meaningful change?

I don't have the answers - beyond drawing to the peripheries, remaining camouflaged and banding together in small, numerous enclaves/communities loosely connected and engaging in sub rosa informal economies with each other. Or moving abroad, to a place one imagines to be less under the influence of the paradigm you describe -- buying some time until it encroaches there, too.

Karankawa's picture

Wow,

Katie has the answer after all.

Great post CL!

SilveryBlue's picture

I think you give elites too much credit

You think they care about the masses - albeit so they aren't inconvenienced. I say bollocks. They have people for that.

If you live in a gated community with all the money you need, you don't care for the window people - they simply aren't real.

(Window people are those you see through the window if you ever glance out of the limo on your way somewhere. God forbid the driver takes you through a rough part of town)

If one of your colleagues makes a grubby buck feeding them on crap that they line up for, who are you to care? It's free choice isn't it? Better - It's capitalism at work & by god everyone loves an entrepreneur!

If your life has been lived in a cocoon where daddy/grandad made sure you had connections etc, which led you to good jobs (who would ever work for less than <insert impossibly large sum here> a year - you jest!) you could well believe that all is fine in the world without giving a thought for the low people.

We are probably as real to them as the rich & famous on TV are to you & I.

"Oh look - that lady has baby goats! How darling! I only eat organic of course "

No appreciation of the actual work that goes in. Why would they care about you?

SB- No offense KR - I think you are the greatest :-)

It only takes a few people to fill the movie can, man the popcorn stand & do the pornos. The big boys rake in the $$, The masses happily self medicate & the world turns. The mid level - mega rich are likely as zombied out (albeit on better drugs) as the majority. They just never see the real people on TV.

The real powers never have to contend with any of it except for temporary amusement. As I noted, they have people for that.

ivars's picture

Now I understood why IRS (

Now I understood why IRS ( Interest rate swaps) with notional value of 700 trillion USD are "financial weapons of mass destruction" as Buffet said.

They did not exist in 1929 depression. Hence it went down the deflation path relatively easily as damage was to a certain extent contained and lead to conventional war of huge scale, but that was manageable, after all.

Today is different. 

Usually, weapons of mass destruction are not used , but applied as threat and as both opponents develop them, the world at first becomes more stable as threshold of starting a war is increased. But, if the threshold is reached, not much remains. 

Today, in the event of total  Deflation (=debt ceiling not raised) - MWD is released by LENDING capital (Republicans ) against anyone else, as IRS unwinds and all fixed rate side parties get busted as interest rates drop (as no one wants to loan nor give loans anymore) and their assets captured by LENDING capital. Call it the banks in wide sense. Gold contracts in price, USD shoots up. Politically, mob violence in the USA after some period while people figure out what happened, perhaps revolution with ULTRA left taking over. 

In the event of total Inflation ( = debt ceiling eliminated) - MWD is released AGAINST LENDING capital by state (=Democrats) . As IRS are unwind, banks go bust as they are on the floating side of contracts as interest rates raise. UST goes bust as well but so does all debts. Reaction follows from the ULTRA right, as savers lose money, they capture government. 

So financial gains fall to one side , political- to other if one party of war "wins". 

See how high are stakes and how they are trying to defuse each other WMD? ( Libor manipulation Investigation/prosecution  may make IRS illegal in case of deflation, setting precedent by courts with already existing cases of banks vs. IRS other side parties will make Libor manipulation irrelevant as argument). 

These are all cases of putting Financial WMD into action. Lets hope critical threshold for that has not been reached yet, and they can defuse tensions though it seems close. They should ( which they would not?) eliminate WMD from both sides to have a hope that never happens. This how ever will level the playing field for "non-nuclear" financial players, giving them chance to encroach on territories occupied by big players like Megabanks and Governments, Transnational corporations. 

They can also exchange shots with Financial WMDs , then everyone gets leveled and chaos ensues. That is our road to dark ages. Obviously , as in 1933 , if financial WMD gets released into action,  REAL war WMD will follow suit. "War is a continuation of Politik by other means" was what Clauzewitz had observed, and we may live to see its next level. 

I would say we are threading a precariously thin ice created by arms race in Finances. 

bullion only's picture

Louise Yamada

Louise Yamada sees trading range into the forseeable future. That sucks because that could be another two years.

On the other hand it is the unforseeable future that bites you in the ass.

RT

mac's picture

Elites control Business TV

CNBS TV and Bloomberg TV (Israeli TV) are are 'elite operations' to brainwash us. Can correctly call them both psy-ops.

ivars's picture

Two charts of Bitcoin

Two charts of Bitcoin overlaid over Silver and Gold Long term inflation corrected charts (since bitcoin chart changes so fast that inflation is not applicable to it, so shall be removed from Silver and Gold Charts 1971-2013:

GOLD:

SILVER:

Conclusions:

1) Bitcoin repeats the path observed in Silver and Gold after moving off Gold Standard in 1971. It measures some new and quite recent nervousness about USD value. 

2) In Bitcoin chart 1971 corresponds to February 2013 in Bitcoin chart which is time when Previous debt ceiling limit was actually reached, and then government was financed by many inventive ways till October 2013. 

Quote:

After the passing in early January 2013 of the American Taxpayer Relief Act of 2012 to avert the projected fiscal cliff, political attention shifted to the debt ceiling.[1]The debt ceiling had technically been reached on December 31, 2012, when the Treasury Department commenced "extraordinary measures" to enable the continued financing of the government.[2][3]

On February 4, 2013, President Obama signed into law the "No Budget, No Pay Act of 2013", which suspended the U.S. debt ceiling through May 18, 2013. The bill was passed in the Senate one week previously by a vote of 64-34, with all "no" votes from Republican senators,[12] who were critical of the lack of spending cuts that accompanied an increase in the limit. In the House, the bill passed the week before by a vote of 285-144,[13] with both parties voting in favor

3) Bitcoin peaked in April 2013 and crashed, which corresponds to 1980 peak in silver and gold. 

Quote:

Tapering is all the rage these days when it comes to the Federal Reserve’s unconventional $85 billion-a-month bond-buying programs. Minutes from the Fed’s latest policy meeting in March 19-20 showed a robust internal debate about exactly when the Fed should begin to gradually reduce the amounts of its monthly purchases of Treasury debt and mortgage-backed securities

Minutes of March 2013  FOMC were released on April 10 th, 2013. Bitcoin crashed on the same day.

Highest price in gold was reached in 1980 January 21, Monday, next day it crashed. I could not find the policy events or gold sales so far. 

4) Bitcoin is now heading to next correction . It may come very soon, within a month or earlier.May be at about 500 USD.  However , its quite difficult to use as guide for gold/silver price future development as both events are now happening in REAL TIME almost at the same time. But bitcoin seems to be more sensitive to latest financial events then gold or silver as its peaks are very pronounced so may be we shall see something of interest in coming weeks that would apply to gold silver few months later. 

Hammer's picture

Tech heads can follow the

Tech heads can follow the potential problem for bitcoin by following their discussions here

http://sourceforge.net/mailarchive/forum.php?thread_name=20131104165152.GA3240%40petertodd.org&forum_name=bitcoin-development

from this article

http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/

with the original research paper here

http://arxiv.org/abs/1311.0243v1

ivars's picture

How about this chart-

How about this chart- Bitcoin since inception vs. gold since 1800. I could not find the beginning date of bitcoin trade when it really kicked off, but it seems to be that start date was after correcting some glitches around June 2009. On this chart it would correspond to  if it was corresponds to approximately 1780. 

THIS corresponds to the creation date of the USD itself:

Quote:

The history of the United States dollar refers to more than 200 years since Continental Congress of the United States authorized the issuance of the US dollar on August 8, 1786.

What does it mean then for Bitcoin? It has gone in 4,5 years the same path vs. USD that gold did in 230 years. With same peak and etc. patterns.

I think that bitcoin is showing us the events affecting USD value vs.  a reference unit ( bitcoin) in the last 4,5 years as gold is showing how USD value fluctuated in last 230 years. So in that sense, its a FRACTAL image of USD value in GOLD on a smaller time scale. 

Which means that bitcoin price in USD is extremely useful microscope to study smaller scale events in real time by their impact on USD value vs. bitcoin.   Bitcoin value has about 80 times  higher sensitivity to what goes on with USD than gold or silver. 

Butcoin prices in USD opens a window to events which may pass unnoticed on gold and silver charts, about the true value of USD as perceived by market. If things were otherwise, bitcoin long term chart would never be able to retrace that of gold, even with a small spike near 1860 Gold price spike in the Gold chart. In bitcoin case,this spike marked 2011 debt ceiling negotiation until its solution in Aug 2 2011. After that, Bitcoin was at peace with USD till January 2013 when this debt ceiling was reached and USG moved to unconventional life support which later resulted in >300 billion loan in October 2013 to replace these measures with debt.

argentus maximus's picture

Thanks for this article Cal

Thanks for this article Cal Lawyer.

As you say, many injustices look acceptable when viewed from the upper side of the social divide.

SE's picture

Son of a bitch... This is

Son of a bitch... This is hard to read, precisely because it is true! I'm sitting in a mission, getting ready to head out for the day to see if I can find a job in the area.

Marcus's picture

Ignorance

Orwell in his book 1984 stated that Ignorance is Strength. Yes, ignorance (of the masses) is strength (for the elites). 1984, a how-to guide for the elites. It's all about power, baby. Always has been, always will be.

More on ignorance (of the masses):   http://www.theburningplatform.com/2013/10/27/culture-of-ignorance-part-one/

murphy's picture

Nice article, CL

Just like the elites are the only ones who can produce money. Only the NSA is allowed to spy on people without their knowledge.

FBI wants hacker who helped catch cheating lovers

73_24-24.pngAssociated Press

Thursday, November 07, 2013 9:17 AM GMT

 

WASHINGTON (AP) — It's not just the federal government intercepting your communications. It could be a nosy relative or jealous partner.

Among the five people added this week to the FBI's list of "most wanted" cybercriminals is a former San Diego college student who developed an $89 program called "Loverspy" or "Email PI." Sold online from his apartment, the program was advertised as a way to "catch a cheating lover" by sending the person an electronic greeting card that, if opened, would install malicious software to capture emails and instant messages, even spy on someone using the victim's own webcam.

The case of Carlos Enrique Perez-Melara, 33, is noteworthy because he appears to have made relatively little money on the scheme, unlike others on the FBI list who were accused of bilking millions of dollars from businesses and Internet users worldwide. But Perez-Melara, a native of El Salvador who was in the United States on a student visa in 2003 when he sold the spyware, allegedly helped turn average computer users into sophisticated hackers who could stalk their victims.

Loverspy was designed "with stealth in mind, claiming that it would be impossible to detect by 99.9 percent of users," according to a July 2005 federal indictment of Perez-Melara.

A section chief with the FBI who oversees operations in the agency's cyber division, John Brown, said Loverspy was one of many illegal "hacking-for-hire" services. In one case earlier this year, a New York police detective was arrested for spending more than $4,000 on hacking services to obtain the emails of more than a dozen of his colleagues. Many of the operators tend to be based overseas.

"These are sophisticated folks who know how to hide themselves on the Internet," Brown said.

Brown said Perez-Melara was added to the FBI most wanted list in part because the former college student has been so difficult to find. Perez-Melara has eluded the authorities since his indictment eight years ago with his last known location as El Salvador. The government is now offering a $50,000 reward for information leading to his arrest.

http://blink.htcsense.com/web/articleweb.aspx?regionid=3&articleid=15096159

ag1969's picture

What is up...

with the dollar?  Did they fix it again?

Bollocks's picture

this

In Stunning Move, ECB Cuts Rates By 25 bps, Euro Plunges

Tyler Durden's picture


 

Perhaps it is not surprising that with the absolute majority of economists and strategists, or 67 of 70, predicting no rate cut by the ECB, this is exactly what the ECB just did, when in a stunning move it cute rates for both the main refi rate and the marginal lending facility by 25 bps, to 0.25% and 0.75% respectively. And there is your reaction to Europe's encroaching deflation.

From the ECB:

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.25%, starting from the operation to be settled on 13 November 2013.

The interest rate on the marginal lending facility will be decreased by 25 basis points to 0.75%, with effect from 13 November 2013.

The interest rate on the deposit facility will remain unchanged at 0.00%.

The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.

The Euro will need a bigger chart to show just how far it tumbled as a result of the stunner:

ECB%20Cuts_0.jpg

http://www.zerohedge.com/news/2013-11-07/stunning-move-ecb-cuts-rates-25-bps-euro-plunges

ag1969's picture

Ohhhh, I get it!

Surely that move must be gold negative....right?wink

Pining 4 the Fjords's picture

Outstanding post CL

Really well done, brilliant perspective shift.  And you are dead right- this is all working perfectly when seen from a top-down perspective, as sad as that is to say. 

So if the masses are all doing what they are supposed to do like good little serfs, does that mean we here in Turdville who reject this paradigm are BREAKING BAD?

Screw "Troy" Ferguson or the other possible names, we should just start referring to TF as Heisenberg (preferably in hushed tones).

murphy's picture

AG

Right again!

t24_ag_en_usoz_2.gif?=1383831951123

t24_au_en_usoz_2.gif?=1383832011132

even in Euros

t24_au_en_euoz_2.gif

ivars's picture

This seems to be gold

This seems to be gold negative, not ECB as such:

Quote:
The economy in the U.S. expanded in the third quarter at a faster pace than forecast, led by the biggest increase in inventories in more than a year as household purchases and business investment slowed.

Gross domestic product rose at a 2.8 percent annualized rate after a 2.5 percent gain the prior three months, a Commerce Department report showed today in Washington

Fake or not.

And the words  "deflation" or "very low inflation" in ECB release.

ag1969's picture

Yes Perspective CL

You have really made me think with this one.  Until 2009, I had a small business where I employed 19 people who in my mind were well paid and well taken care of in my eyes.  I would like to think that my perspective was right, because when I compared the working conditions of my employees with similar companies in the area, they made more and had better benefits.  Again in my eyes, I was a great boss, Turkey's for Thanksgiving, Christmas Bonuses, an atmosphere of laughter and fun.

To a certain degree, this worked well for me with some employees.  But, as usual, there were certain employees that no matter how great I thought it was to work for me, they were just never happy.  I can't pin this on any one individual either, there was a certain area of my company, the installation crews, that no matter who was there or what changes I made to their role or comp plan, they were just never really happy and I developed an attitude of, "eff 'em".  As long as they got there paychecks, turkeys, bonuses, and benefits, they didn't go anywhere else, so how bad could it be?

I am sure the elites see it as they give us tasty food, amazing sports coverage and Hollywood movies, nice cars to drive, a roof over our heads, free healthcare, a cell phone, and internet porn, what the heck do we have to complain about?

The problem with my installers, I think, is that they always had this feeling that they were the ones that produced the most.  No one would get paid if they did not complete the jobs, and therefore "the business could not get by without them."  I did not show them enough respect, because in their mind, if they walked away, I was screwed, not realizing that were guys lined up behind them to take the job.

In my mind, they were an expense.  Sales was the only thing that contributed to profit, everything else was an expense.

To the elites, everyone on the farm is part of their business of human farming.  In their mind we are the installers and the bankers and politicians are their salesman.  I am sure with all they have given us, they have now developed an attitude of "eff 'em if they don't like it."

Patrancus's picture

From another Ben

Never thought a military hunta was in our future, though Ben thinks it is possible
Benjamin Fulford  has 170 you tubes out in the public that if you are interested in having an understanding what's going on in the world you better get started watching them while their still here.

benjamin_fulford_3.jpg (225×300)
 
 
Benjamin Fulford – November 6, 2013: Multiple sources say the
Pentagon is moving to shut down cabal
 
Some
kind of paradigm changing event in the US is imminent, according to multiple
sources. Three US agency sources, two from the Pentagon and one from the CIA, all
say something very big is going to happen in the United States but none of them
were sure exactly what it will be. The Pentagon had already taken over the FEMA
camps and was going to put all the politicians from Washington D.C. there, one
source said. Another, at Pentagon Military intelligence, confirmed “there was a
lot of activity and confusion within the military,” a sign of something big
going on but, he was not sure exactly what.
He
added that for some reason all the FEMA coffins had been moved to Puerto Rico
and were being displayed on Puerto Rican TV stations. The CIA source, for his
part, said they were going to shut down the US power grid on November 11th.
In
another sign something unusual was going on the US armed forces radio station
in Japan broadcast a statement last week that the “US military did not have a
budget for 2014.”
A top level Chinese government representative also reported that an agreement
had been reached to release vast amounts of funds to finance a major campaign
to end poverty and stop environmental destruction.
After
receiving the call from the Chinese source, this writer called to US Embassy in
Tokyo, Japan to ask if the government of the United States supported setting up
a new development agency to carry out a multi-trillion dollar campaign to end
poverty and stop environmental destruction.
In
what seems to be a direct reply, a Pentagon military intelligence agent in
Japan met this writer and asked if President Barack Obama could be included in
the campaign. He said that despite Obama’s “weird metrosexual lifestyle” and
despite the fact his father was an American communist and not a Kenyan
politician as advertised, they supported Obama because he stopped World War 3
from starting in the Middle East.
In
response he was told that if the cabal was defeated by the White Dragon Society
and its allies, the US military would receive more funding that it does now and
would be asked to help in the campaign to fix the planet. As far as Obama was
concerned, the representative was told his fate is up to the American people
and the US military industrial complex.
In
any case, the United States is under enormous external pressure to get its act
together.
The
NSA scandal is one example. Here we have a US defector in Russia revealing
secrets about US spying on its allies. The result is heavy criticism on the US
regime by supposed allies such as the German, French and Spanish governments, a
clear sign the Europeans are moving closer to Russia and distancing themselves
from the US.
The
other big move against the US last week came when Russia sent two strategic
nuclear bombers to Venezuela after which Venezuela immediately took over US
owned oil rigs in the country.
The
Chinese did their bit by announcing they had surrounded the US with nuclear submarines
that could annihilate the entire continental United States. They have also been
aggressively investing in new energy technology and will pioneer a post-oil
world.
In
the old oil powers fortress of the Middle East as well, the Russians are
continuing to jump into the US vacuum. Turkey, supposedly a NATO country, is
negotiation a customs union with Russia, buying missiles from China and
rounding up and removing Mossad agents spying on Iran from Turkey. Egypt too is
buying missiles and other weapons from Russia and offering the Russians a naval
base.
Last
week when Israeli forces attacked Syria, the US armed forces immediately
informed the Russians of this fact, infuriating the Israelis and making it
clear that the United States armed forces are no longer going to fight wars for
Israel. As a result that country will have to reach a deal with its neighbours
and with Russia if it is to remain a viable entity.
The
long term plan, according to an Eastern European Illuminati grandmaster, is to
create a loose federation of Muslim states anchored by Turkey at one end and
Egypt on the other. In this plan, Israel is expected to eventually become a
Jewish autonomous region inside this federation.
The
totalitarian rulers of Saudi Arabia, for their part, need to remind themselves
of the Arab saying: “One day the stick is in your hand, the next day it is in
your ass.”
What
all this means is that the oil money from both the Middle East and South
America will no longer be recycled into the banks that own the Federal Reserve
Board thus dooming the Rockefeller/Bush petrodollar.
That
is why the US Congress last week suddenly passed a bill allowing the big US
banks to once again create infinite amounts of funny money using derivatives.
Of
course the US military is upset about all this but, the answer is that the
world wants them to go into Washington D.C. and Wall Street and remove the
parasitical gangsters who have caused so much misery to the people of the
world, including the American people.
After
that, the US military industrial complex will get generous funding to do things
like protect endangered species, fight bandits as well helping put to an end to
various forms of planetary rape such as over-fishing and the destruction of
rain forests. That is exactly what is about to happen, the pentagon and agency
sources hint. The sources also say the cabal members and their families, who
had planned to hide in underground bases while they killed everybody else, will
instead find themselves confined in the FEMA camps. If that does not happen,
the noose will only get tighter until it does. The people of the world are sick
and tired of the criminal behavior of the US rogue regime.
If
the US power grid is shut down on November 11th, it will mean no internet, no
TV and no ATMs. If this event does happen, and if it is managed by the good guys,
it can thus be used to render impotent two of the cabal’s main weapons, the
control of the distribution of money and the use of mass propaganda. The system
could then be rebooted minus all the hysterical nonsense and fake news that it
has been churning out recently.
The
coordinated attempts by cabal slave governments in Japan, the US and the UK to
drastically curtail press freedom are signs of cabal desperation, not cabal
power. They have lost control of the plot and somehow think they can put the
genie back into the bottle by cutting off the truth. That is not going to
happen.
The
cabal appointed leaders in Canada, the UK and Japan are under attack on
multiple fronts. In Canada a corruption scandal is closing in on Bush slave
appointee Stephen Harper. In the UK, the passage of a draconian press law has
triggered a massive anti-government campaign. In Japan, the gangsters who used
to work for the cabal are no longer doing so, meaning the Japanese
Parliamentary acting troupe will be reading from a new script. That has already
been seen with the announcement last week of joint Japanese Russian military
maneuvers. Expect more soon.
The
end game of all this will be world peace.
Plus,
if we are lucky, and it turns out alien races have been blockading us because of
our criminal leadership, once we attain world peace we might be allowed off the
planet and we will get the chance to explore the universe. If not, we will just
have to work on making this planet really nice and fun.
Source:
 
cleardot.gif
 
 
 
ButchCassidy's picture

Euro rate dump

Expected, yet unexpected. Well, that's what makes the markets exciting.

And I like the metals to remain weak here. Keep leaning hard on the miners and restrain future supply even further. The only thing that is going to save us from the EE are physical shortages, and that's exactly what's being put in place right now.

Bollocks's picture

Spy chiefs face public grilling

GCHQ director Sir Iain Lobban, MI5 director general Andrew Parker and MI6 chief Sir John Sawers will be quizzed by the Intelligence and Security Committee in public at 14:00 GMT

"...a quick reminder that the hearing is being broadcast with a two-minute delay to prevent anything being broadcast that might endanger national security."

I'm listening to this now. It's a farce.

http://www.bbc.co.uk/news/uk-politics-24848186

Turd Ferguson's picture

Really good stuff, CaL.

MODERATOR

Thank you! I hope that everyone takes time to read it.

Turd Ferguson's picture

Uhhh.....

MODERATOR

Now I understand why so many people think that that dude is crazy.

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