Shot Callers and Maslow's Heirarchy of Needs

A “Shot Caller,” defined in the Urban Dictionary, here http://www.urbandictionary.com/define.php?term=shot%20caller

, is simply a person in a position of power that “calls the shots.”  Similar terms are in common use nowadays including terms such as “boss,” “el hefe,” “OG,” etc.  

Maslow’s Hierarchy of Needs, is something that every college kid learns.  The image of the pyramid is here:

http://www.google.com/imgres?imgurl=http://upload.wikimedia.org/wikipedia/commons/6/60/Maslow%27s_Hierarchy_of_Needs.svg&imgrefurl=http://en.wikipedia.org/wiki/Abraham_Maslow&h=194&w=259&tbnid=u4rCau0hY-D2IM:&zoom=1&tbnh=150&tbnw=200&usg=__rXj9mTxd5nxiYe3btooDdbGZq3Y=&docid=x0uVEtc9Ux3XeM&itg=1&sa=X&ei=GkKHU9-cO4-byAT98YAY&ved=0CKYBEPwdMAo

As an aside, compare Exeter’s inverted pyramid to this one.  Notice anything?  Anyhow . . .

Maslow, a psychologist, posited a theory “in his 1943 paper "A Theory of Human Motivation" in Psychological Review.  Maslow subsequently extended the idea to include his observations of humans' innate curiosity.”  From a simple google search, here:
 https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=maslow's%20hierarchy%20of%20needs&safe=off

So, let us now take a look at the phenomenon of the “Shot Caller,” in the context of two very different, but powerful groups, and relate this to Maslow’s Heirarchy of Needs.

Shot Callers in Prison:

Here is a chilling portrait: http://www.denverpost.com/ci_22887233/211-crew-prison-gang-isolation-cells-cant-handcuff-leaders

There are any number of stories on prison shot callers.  The stories are all the same.  The leader of the prison gang is a gang member, mostly along racial lines, [see here for five prison rules from someone who was there: http://www.askmen.com/entertainment/special_feature_3800/3808_life-in-prison.html
]

someone who has risen up from the ranks, after doing dirty deeds.  The fascinating part is that the shot caller is never one that is outside of prison.  No.  The shot caller is the one locked up!  

Why is that?  What kind of person aspires to this role?  How can it be that the leader of the gang is the one inside prison?  Does not the desire for freedom play a role in any of this?  Does not the fact that being in prison means one got caught?  So, should not the “shot caller” be on the outside?  Is not the one who engaged in various nefarious activity and who successfully avoided being sentenced to prison better suited to be the leader? 

Where does this fall on Maslow’s Hierarchy?

Desire for Power and Maslow’s Heirarchy:

Looking at Maslow’s pyramid, the highest level is defined as “Self-Actualization.”  Here, at the top, one seeks morality, creativity, spontaneity, problem solving, lack of prejudice, acceptance of facts.  This is the pinnacle.  Below this, there is the need, according to Maslow, for self-esteem, confidence, achievement, respect of others, respect by others.  

The pursuit of power, the demonstration of power, ruthlessness, it seems, well, that none of that is anywhere on the pyramid.  Why not?  

Taking a step further, in our western world, dominated by fiat currency, there is the golden rule: who has the gold makes the rules.  That concept cannot seriously be debated or challenged.  The super wealthy, aka, TPTB, call the shots.  So, accumulation of insane wealth is simply another way of saying pursuit of power.  Wealth = power.  

Greed, avarice, accumulation of enormous sums of wealth, well, it seems too, that none of that is anywhere on the pyramid, either.  

Let’s Discuss:

It seems pretty clear that prison gangsters have traditionally defined motivations according to Maslow.  Look at the “Esteem” level.  Is it not true that the prison shot callers want respect by others?  Sure.  Does this explain the desire to be a shot caller?  

Why is there acceptance among the gangsters, that the shot caller is the one INSIDE jail, not outside?  Is that inculcated in the gangsters at a young age?  Where does the desire for freedom [at least in terms of not being in prison] rank on this pyramid?

Let’s look at the top of the pyramid.  It seems to me that prison shot callers reach this pinnacle at the end of their lives, by turning state’s evidence and ratting on their own gang.  Look at the LA Times article here: http://articles.latimes.com/2010/feb/08/local/la-me-drew-street9-2010feb09

Well, then, maybe we can compare prison gangster shot callers and that other group of insane power seekers, the banksters. 

Are the Jamie Dimon types not exactly like prison gangsters in their pursuit of extreme wealth?  Dimon, Paulson, Geithner, and others too many to mention, all of those depraved souls just like them in positions of power, pulling the levers of society, are they not all at the Esteem Level, seeking self-esteem, and respect?  Do they not all just want power to fill their empty souls?  Or is there something more?

Why is it that banksters operate outside prison, calling shots, but the prison gangsters are inside prison calling shots?  What is the core distinction?  What is driving this?  And, what will entice a bankster to reach the Self-Actualization level?

Seems to me that the banksters are prisoners of their own construct.  They are beholden to a system, in which they were raised, and earned their livelihood: fiat currency and the Wall Street Machine.  They know nothing else.  They cannot fathom anything else.  Their existence is entirely dependent upon perpetuating the fiat system, they cannot even conceive of anything remotely taking the place of fiat currency.  

But, as the western fiat currency scheme collapses in real time, the signs are everywhere, the banksters cannot and will not reach the final level.  It will take a extreme anomaly for such to happen.  Who will emerge as a world leader announcing the end of the Keynesian Experiment? 

It will have to be tantamount to a prison “Shot Caller.”  Who, among the highest ranking among the bankster class, has the desire for--or means to reach--self-actualization?   Do not the rash of bankster "suicides" make it clear that there will be no self-actualization? 

Who then, among that powerful bankster class, has both the desire, and means for self-actualization?  No one.  At least not that I have seen.

So, the system perpetuates as it nears and reaches collapse. 

Hence, there does not seem to be any real opportunity for a gradual transition to a new financial system.  As such, the new one will come by surprise.

Prepare accordingly.

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62 Comments

stackaloha's picture

Da boss

Da boss

Big L's picture

Cal Lawyer

I agree with your conclusion, but not how you got there.... The greedy don't know they're greedy. No more than you know your greedy when you buy more food at the grocery store than you'll eat (greedy by the standard of starving third world citizens). Yes it's true the banksters can't conceive the end of the fiat system, no more than most Americans can, the fall and/or decline of America. Myopia is the true problem. Made all the worse by the magicians in charge of the nightly news. Oh, ya, 1st. If it's still available.

Edit: pulling these thoughts together, humans are doing what humans do, on larger or smaller scales. The evils you've cited are just human desires on a scale larger than most of us are familiar with. Same S*** Different Scale. 

Don't all systems eventually decay or evolve? Our current system is in decline because the people in charge of reigning in those large scale players with the wherewithall to really cream the 'little guys' have abandoned their posts and left the sheep unguarded in the night.

I guess I'm saying the guard dogs now hunt with the wolves, so the sheep won't hear the warning barks. What happens when the herd realizes the hunt is on?

Good question, I agree prepare accordingly.

Urban Roman's picture

It replaces the older, politically incorrect

... appelation of 'HNIC'.

thedukes's picture

Dr. Joseph Farrell's latest

https://www.youtube.com/watch?feature=player_embedded&v=DFwdBQ_CtV8

Talks about the Austrian gold article in zero hedge and how it ties into the hidden secret financial system.

Dr Jerome's picture

at the top

Great food for thought today, CA Law

Perhaps the shot callers have all the self esteem they need and are above that level--they have power--whether it is in or out, they have power. They sense the self-actualization even from within prison. Their lives are not threatened, they cannot be convicted of crimes committed while in prison. They are untouchable. And after they cut a deal, they get out and retire to Monaco or Thailand and live like a king?

What do I know?

The banksters at the top can always have a lackey take the fall when crimes are exposed. they are untouchable, and in the case of Corzine, have powerful friends who will protect their little club. 

I bet Jamie Dimon doesn't dare walk from Wall Street up to Times Square for lunch at that  cheesecake shop the way we all can. But you are correct that they cannot conceive of life without fiat, fiat that can be manipulated is such complex ways that the people at the top cannot even understand it. I love that scene in Margin Call where the broker confesses he is a rocket scientist. Maybe Jamie, Lloyd and the others really are not that intelligent--merely ruthless, a good judge of a persons abilities, and have excellent people skills. I wonder if that's what it takes to become a shot caller at any level.

     

I started watching the movie again and now I can't shut it off...

http://www.tubeplus.me/player/1724466/Margin_Call/

Bollocks's picture

Dr J

Your link says "site blocked". I've not seen Margin Call - do you have a link that works?

smiley

Wizard's picture

Maybe.....

Banker's feel that at the level they are at, it is self actualization... for them

Power, Riches and the very obviously false feeling of security and safety they are led to feel. Through some minor protection from being put into a jail cell. Such as Corzine.

When in reality from spending the better part of their lives chasing power and riches they have put themselves and their entire family line in jeopardy.

The Minute that they are even perceived to be a threat (Talking)rather real or imagined or no longer useful. A forced suicide team will knock on their door.

If their lucky they will knock.

W

BagOfGold's picture

Bollocks...

Here's a link for Margin Call...& other movies to watch for free!!!...

http://putlocker.bz/watch-margin-call-online-free-putlocker.html

smileysmileysmiley

Bag Of Gold

ancientmoney's picture

Cal Lawyer re: inconceivable . . .

" Their existence is entirely dependent upon perpetuating the fiat system, they cannot even conceive of anything remotely taking the place of fiat currency. "

-----------------------------------------------------------------------------------------------

I somewhat disagree.

I agree that their CURRENT existence is dependent upon perpetuating the fiat system, but I think the top dogs ala Bernanke, Dimon, Geithner, Paulson, Blankfein, Corzine and all the rest do conceive of what comes next, and are now preparing for it.

They probably are now part of the group scurrying to exchange their unallocated (paper) gold and silver for the real thing, at these juicy prices.  I think they awakened when the vaults started to dry up, and we have these low, low prices because they are not yet done doing their own preps (securing phyzz and a safehouse-bugout spot with armed guards).

Dr Jerome's picture

Margin Call

http://www.tubeplus.me/

another site that has movies...

Putlocker is a good one also--it has the latest releases.

I am still watching. This is a really good movie... It makes so much more sense now.

BagOfGold's picture

California Lawyer...

I have been listening to Greg Morse on the Hagmann & Hagmann report on the great mortgage fraud...& his start of a RICO lawsuit...This is just 1 of 3 discussions...

http://www.blogtalkradio.com/cfp-radio/2014/05/28/greg-morse-on-the-hagmann-hagmann-report

& the other 2 discussions can be found on the archives...

http://www.blogtalkradio.com/cfp-radio

I'm curious...what's your take on this?...

Thanks...as always I love your articles!!!...

smileysmileysmiley

Bag Of Gold

Bollocks's picture

Thanks BOG, thanks Dr J!

yes

edit: strange, tubeplus still gives me a site blocked message. Maybe it's because I'm in the uk.

Putlocker works wink.

infometron's picture

on the pursuit of unbridled greed and power

Thank you for the thought provoking post, Cal.

I'm of the mind that pursuit of unbridled greed and power are addictions, and are at root a psychological problem, as I see you allude to as well. What is more of a social pathology, is that the general public seem to venerate these traits in individuals rather than restrain them and insist that they seek help.

SS121's picture

Excellent

By the time a bankster is high enough up in the "system" to see how it really works, he can never leave or his 'status' (and maybe more) leaves with him.

It wouldn't surprise me if the big banks don't just create their money by typing zeroes into a main account.

It also wouldn't surprise me if the highly publicized nail-gun and other stories of bankers being suicided weren't manufactured to send the message that nobody else better go 'Bernie Madoff' and confess that the whole thing is a hoax.

--

Also, if the system is what must be perpetuated at all costs, wouldn't this support the position that they really have sold all available Gold to meet public demand/suppress price?  And are perfectly content to rely on the conceptual gold of media stories and manufactured inventories to perpetuate their system?

That is a very insightful (gangster/bankster) comparative context or model... excellent article CL, most excellent!  

metalsbyamile's picture

Just keep in mind where the country is headed

?ui=2&ik=063e00c7ac&view=att&th=14648349

Bollocks's picture

mmmmm

Nah, I think it's heading to  ")^@.#2*7&=d~~ myself .

achmachat's picture

metalsbyamile

if you link to a picture from inside your gmail, only you can see it (as you're logged in there)

California Lawyer's picture

@SS121

Great question: "Also, if the system is what must be perpetuated at all costs, wouldn't this support the position that they really have sold all available Gold to meet public demand/suppress price?"

To answer it, I go backwards in time and address the very creation of money, in the form of gold.  Remember, gold and silver have always been money, based on human nature and the attributes of gold and silver: scarcity, divisibility, store of value, unit of account, etc.

As society developed, it was impractical to exchange goods, because there had to be coincidence of wants.   Gold and silver, based on their properties, were perfect for money.   People wanted to exchange their gold and silver for goods, and realized that possessing, transporting, and storing gold/silver had risks, namely theft by bandits.  It became easier to issue claim checks, and exchange them instead of the actual metal.

So, the goldsmith, storing the gold for a fee, issued paper receipts, claim checks if you will, and the claim checks were exchanged as a proxy for the actual metal.   Some people wanted to borrow gold or silver for various reasons, and they went to the goldsmith, who quickly realized that so long as not everyone who had their gold/silver stored with the goldsmith wanted their gold all at the same time, then the goldsmith could issue paper claim checks which were as "good as gold."  The theory was of course, that anyone holding the claim check could exchange that piece of paper for gold, and that was that.

It was only natural, for the goldsmith bankster, to cheat, as that is what they do.

Fractional reserve lending was thus borne.

This current scheme, unbacked fiat, is simply a perpetuation of the greatest scam of all: worthless paper that only circulates because of confidence of those using it.  If that confidence wanes, or evaporates, the system is finished.  Period.

The banksters know it.  We know it.  But, they do not believe in the slightest that confidence will ever wane, because they manage perception. This management includes suppressing the paper price of gold in the west.

It is truly simple.  

They have sold gold to keep western demand in check.  A rising gold price leads to decreasing confidence in fiat.  The banksters do not believe, though, that they cannot get gold back in their possession to deliver to those that want it, because they believe that not everyone will want their gold back at the same time.  

This is a classic confidence game, played for thousands of years.  We are humans, and the cycle repeats.

metalsbyamile's picture

achmachat I

understand that. Why would you bring it up? Odd.

ancientmoney's picture

Cal Lawyer re: fractional reserved gold . . .

"The banksters do not believe, though, that they cannot get gold back in their possession to deliver to those that want it, because they believe that not everyone will want their gold back at the same time."

-------------------------------------------------------------------------------------

There is a bit more to this story.

The bankers will rely on the government to MAKE SURE that not everyone will get their gold back at the same time.

They may all WANT it back; whether they GET it back is the question.

This gets at the concept of a comex default.  When they cannot deliver, they simply change the rules, and allow fiat to "stand in" for physical gold or silver.

This is why those who own paper gold or silver, whether contracts, ETF shares, or possibly even allocated gold (the Swiss issue), cannot protect their wealth.  They will be paid what they are owed in fiat, which will pale as physical gold and silver become unattainable.

ancientmoney's picture

How Rickards views it . . .

“It is the thing you won’t see coming that will take the system down.  Things happen much more quickly than what investors expect.”

“What will happen in gold is that it will chug along and then all of a sudden–boom.  It will be up $100 an ounce, and then the next day it will be up another $200 an ounce.  Then everyone will be on TV saying it’s a bubble—boom.  It’s up $300 an ounce, and before you know it, it will be up $1,000 per ounce.”

“Then people will say gee, I better get some gold, and they’ll find out they can’t get it because the big guy will get it.  You know, like central banks and sovereign wealth funds will be able to get the gold.  The typical investor will run down to the coin shop and they will be sold out, and the U.S. Mint will say sorry, we’re not shipping.”  

“You’re going to find out you can’t get it because the whole thing is set up for massive shortages in supply.”

http://www.zerohedge.com/contributed/2014-05-29/gold-see-%E2%80%9Cmassive-shortages%E2%80%9D-and-%E2%80%9Ctypical-investor%E2%80%9D-will-not-be-able-get-bull

I Run Bartertown's picture

Alternate News

"United States Army deflated as guerrilla warfare unfolds.

US armed forces suffered devastating new losses Thursday, underlining the scale of the challenge the country faces in quelling a guerrilla-style insurgency that has proven to be agile and ruthless.

While US forces may be better equipped than their opponents, fears that the standoff could degenerate into brutal urban warfare have so far held authorities back from ordering an all-out assault.

In recent days, American troops have taken to deploying mortar shells in their bid to retake Spokane, causing civilian casualties and prompting some residents to flee. The tactic has produced few immediate results other than deepening distrust toward the government and instilling fear.

"It is extremely difficult to fight against guerrillas. You just cannot destroy them. They are not regular troops," said Wesley Clark, "It's the classic problem which Russia had in Chechnya and the United States had in Vietnam."

"They are shooting at us from grenade launchers, we hear explosions. The windows of our house are shaking," said resident Jenny Smith, who said she was leaving the city for the safety of her family. "I have four children. It is terrifying being here, because I am afraid for their lives."

Russia's Foreign Ministry on Thursday denounced the use of aircraft and artillery against the rebels and demanded that Washington end a "fratricidal war and launch a real political dialogue with all political forces and representatives of the regions."

The ministry said it would be impossible to restore peace in The United States without ending the government's military action against the rebels and withdrawing Federal troops from the Western States. It called on Europe to use its clout with Washington to "stop The United States from sliding into a national catastrophe."

http://news.yahoo.com/ukraine-army-deflated-guerrilla-warfare-unfolds-170833583.html

I only changed the underlined words, but I like my version better. cheeky

Mr. Fix's picture

Great Article California Lawyer, very thought-provoking.

Since you have correctly surmised that there are no “shot callers” within the system that have any hope of achieving “self actualization,”, it might be reasonable to assume that at some point in time, mankind may find its way to eliminate the entire concept of “shot callers”.

In previous posts, I have asserted the belief that human beings are quite capable of being “self-governing”. These are the very human beings that have achieved “self-actualization”. I have previously engaged in multiple debates stating rather emphatically that there is no need for a “hierarchical government”.

If governments sole responsibility was to maintain individual liberty, we would actually have a working system.

If individual liberty was actually considered valuable by humanity, there would be no need for government at all.

I agree with your assertion that the current paradigm is going to come crashing down rather  suddenly, but there may actually be quite a void of “shot callers”. If all of the government  and banker puppets refused to go along with the “agenda”, humanity would find itself in a position to govern itself.

I think what is coming will expose for the entire world to see the insanity of some men having power over others. It never works, it never has. Unfortunately,  all of recorded history shows government and religious leaders as having “ authority over others”.  If enough human beings discovered their own inner connection with “God” as they understood him, the infrastructure of all of these hierarchical associations would immediately collapse.

I realize I hold beliefs in this area that are decidedly in the minority,  but if you think about it, my believes are exactly what all governments and  organized religions would wish to suppress at any cost. If human beings could successfully put all of these corrupt institutions on their own personal “ignore list”, they would no longer hold any power over us.

I agree that Western bankers can't conceptualize a life without “Fiat currency”, because they have already stolen everything of value that could be used to back a currency. I think they have dug themselves into one hell of a hole, as the actual wealth of the planet has been transferred to the East. Unfortunately, those that now hold the gold and hence the power in the East have been enslaving human beings for all of recorded history, and it is entirely plausible that the Western banking elite will soon be either dead or subservient to them.

I think there is  actually an opportunity on the near horizon, since all of these organizations are about to collapse anyway due to their parasitical nature, as they have actually killed off their own means of support.

“Preparing accordingly” simply means becoming “self-sufficient”. It is all headed that way anyway, it is simply natural law.  If we simply do whatever it takes to provide for ourselves, and our communities, keeping the scale as small as possible, the mess we are in would not be possible.

Unfortunately, I think most people will be dead before they realize this. 

DollarMenu2's picture

@ metalsbyamile on May 29, 2014 - 1:56pm.

I think he brought it up because those of us out here can not see the photo, or whatever it is, you wished to publish.

DollarMenu2's picture

Thanks for the energy CL, you

Thanks for the energy CL, you always provide some thought provoking things to read.

Maybe my meds are off today but, I had a semi-vision of those pyramids only working for one humanoid species of two or maybe more that inhabit the planet.  The psychos, as defined by the majority, are running on another set of motivators , another kind of reward.  They are able to do what they do because they are not of us - have no thoughts of anything beyond what a cattle rancher has toward his beef crop.  Except, the rancher's reward is the profit, what the psycho profit is, I can only speculate.  Maybe they have a mechanism for feeding off of negative energies, a way of feeling good about destruction, despair, and death.

cliff 567's picture

Excellent Cal Lawyer, Thank You

I loved the analogy kind of way that it meshes.

Thought provoking.

Thanks

DayStar's picture

Harvey's Up! (TFMR)

Harvey's Up! http://www.tfmetalsreport.com/comment/408568#comment-408568

  • GoldCore: Gold extended losses to a third straight day yesterday and is down over 3% in three sessions. Gold bullion in Singapore traded sideways prior to a bout of concentrated selling in late trading in Singapore (0615 BST) saw gold quickly fall from $1,258/oz to $1,252/oz prior to a slight bounce back to $1,254/oz. It fell to 16 week lows, possibly due to slightly weaker physical demand in top buyer China and technical selling. In China, gold premiums ticked slightly higher to $2 to $3 per ounce. They have remained roughly the same since before the price drop, which suggests demand in China has not picked up on the price falls. We are bearish in the short term and technically, gold is vulnerable to further falls. Potentially to test what appears to be a double bottom between $1,180/oz and $1,200/oz. Gold is particularly vulnerable in the very short term, in other words, today, tomorrow and early next week.
  • GoldCore on Jim Rickards and "The Death of Money": Financial expert, Pentagon insider and bestselling author James Rickards has warned that “typical investors” may not be able to acquire physical gold when prices begin to surge hundreds of dollars a day as “massive shortages” will take place. Rickards says, "We are on the precipice now...It doesn’t mean you fall off immediately, but you are going to fall off because you can see the forces in play...We’re just waiting for that catalyst that I call the snowflake that starts the avalanche...It could be a lot of things. The thing investors need to understand is the catalyst doesn’t matter. It’s coming because the instability is already there.”
  • GoldCore with Jim Rickards on the Collapse: Rickards, Washington and Wall Street insider, is certain the collapse will happen. He is just not sure when it will happen. “It is the thing you won’t see coming that will take the system down. Things happen much more quickly than what investors expect...What will happen in gold is that it will chug along and then all of a sudden–boom. It will be up $100 an ounce, and then the next day it will be up another $200 an ounce. Then everyone will be on TV saying it’s a bubble—boom. It’s up $300 an ounce, and before you know it, it will be up $1,000 per ounce. Then people will say gee, I better get some gold, and they’ll find out they can’t get it because the big guy will get it.  The typical investor will run down to the coin shop and they will be sold out, and the U.S. Mint will say sorry, we’re not shipping.
  • Harvey: Today again for the 8th straight day, our bankers decided it was necessary to whack gold. And again, silver withheld another attack as it finished down by 5 cents after being down by 30 cents in the early morning. Japan reported a huge drop in retail sales, much larger than expected even with the huge sales tax included in the data. This country is imploding. In the Ukraine, Russia TV reports 1,200 dead Ukrainian soldiers. If this continues Russia will come in to prevent further unnecessary slaughter. In the USA, we got second revision of the first quarter GDP and it was ugly at negative 1%. Also pending home sales fell as did the Bloomberg confidence index.
  • Chris Powell: Gene Arensberg of the Got Gold Report examines Comex silver futures data tonight and finds that the short position of the major producers and merchant traders is historically low while the short position of managed money firms and hedge funds is large. He sees potential for a short squeeze.
  • Clara Denina: Major metal exchanges have emerged as contenders in developing an alternative to the London silver price benchmark, or "fix," after the century-old system for setting the globally recognised price is disbanded in August. The Chicago Mercantile Exchange (CME) and the London Metal Exchange (LME) both said on Thursday they were working with the London Bullion Market Association (LBMA) and the precious metals industry to find an electronic-based solution. "We are working closely with the precious metals industry and the LBMA to reduce market disruption by helping to find a robust transaction-based way to set the daily spot price, so the markets can continue to work efficiently and seamlessly."
  • James Turk: James today provided a chart indicating that gold mining company share prices have never been lower relative to the price of gold -- that gold mining company shares have never been as oversold as they are now. On the other hand, have gold mining companies ever been more oblivious to the monetary nature of their product and to the primary mechanism by which their product is priced, and to surreptitious market manipulation by central banks? If gold mining companies don't realize what their product is -- money -- don't realize that the market for their product is rigged against them by central banks, and don't try to do anything about it, how can gold mining companies be considered to have any value at all?
  • Bill King: Unless you are forced to play, most people will avoid the bond and stock markets because prices are rigged. As bonds and stocks inflate, even traders are withdrawing from the markets because, as we keep warning, stocks could blow out to the upside in a euphoric rush or they could crater as intervention wanes and/or reality is introduced. The stock market activity over the past two months should alarm any rational trader or investor. Several times over the past two months major stock indices suffered frightening technical damage but were quickly rescued by determined buying. Unlike as in past years, the frequency of breakdowns and breakouts increased greatly over the past two months. This is a crystal-clear sign that the stock market is in an abnormal state. Bonds, of course, are the in the mother of bubbles, a rigged market by desperate sovereigns and central banks that are joined at the hip in the quest to keep the modern welfare state and crony capitalism afloat.
  • Bill Holter: If I had to guess, we will hear a grand announcement that solidifies the yuan as being backed by a ratio to gold and they will also announce a "price" that gold will be pegged at. Getting back to ramifications, what will happen? My guess is that the dollar will come under some serious weakness and panic selling. We will see the derivatives monster fail and seize up with banks and brokers going upside down ...or... we just have a holiday. If the Chinese unilaterally raise the price of gold (my guess would be $10,000 per ounce or higher at todays dollar), there will be some serious problems. How would the Comex react to this? Would they immediately claim "force majeur" and settle on the previous day's price? Probably yes in my opinion. This would also mean that gold's pricing mechanism has moved overseas and away from the U.S. They needed to string this thing along as far as they could until one of two things happened. Either the financial panic and thus a "run on the gold vaults" or there is no more to be delivered. Either way they accumulated as much as possible prior to re pricing the metal.
  • Zero Hedge: Given the pre-tax-hike surge, the oh-so-smart economists around the world were expecting some give-back from dragged-forward demand but the 13.7% MoM decline missed expectations by 2 percentage points. This was the largest MoM decline on record. Talking heads are already blaming the tax hike (but they knew all about it?) and year-over-year was just as dismal (and less immediately prone to events) as it fell by the most since the 2011 Tsunami. Bad news (the worst) is good news though right? Well no - USDJPY is down as is Nikkei as remember, Japanese inflation pressures are building and Kuroda has pushed off any actions from the BoJ for now.

All this and more...

And-you-know-where: smiley

http://www.tfmetalsreport.com/comment/408568#comment-408568

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Fred Hayek's picture

None of them have the range of thought to exist outside

Very good stuff, Cali, and an especially good point there at the end. 

It's impossible to imagine the titular heads of the banking cartel (never mind the possible deeper, real bosses like the Rothschilds.  That's a whole other discussion) Dimon, Blankfein, Mack etc moving out of this paradigm and thriving in another.  One cannot help but infer their small mindedness from some of the petty venal things they do.  Dimon tells reporters that something or other shows why he's richer than them.  Blankfein says, even if perhaps jokingly, that he's doing god's work.  Mack's wife snorts like a pig at the trough sucking up extra bailout money. 

What would a man of some deeply interred character who had risen to such a position and then realized how wrong it was do?  As compared to billionaire dullards without souls like Dimon, what would a man who might step out of the ashes of this and succeed after the SHTF do?

It's hard to say isn't it?  I think of the character Fransciso in Atlas Shrugged.  He actively cultivated the image of a guy just out for a party but all the while he was planning, planning getting ready for when things fell apart, setting them up to fall apart.

So, Dimon could, theoretically NOT be the soulless drone with a big checkbook that he appears to be.  He could be carefully seeing to all the details behind the scenes so that when the SHTF that Big Brother is crippled instead of aided by its handmaiden bank, JP Morgan.

No, I don't believe it either.

But try to imagine one of these guys who got to the top of fiat currency banking heap who maybe talks to someone not in the game, a wise old man or woman who speaks a few provocative words to him.  What is our money?  Maybe he mulls this over.  Something so basic, it's like questioning breathing before running a race.  But if the answer to this says something bad, then . . .

He feels a curious feeling, an insecurity about it, almost a guilt or a shame, something he never feels.  What is this?  What were these few words?  Why is there such power to them?  He has other encounters which touch on the authenticity of status under our system and despite himself he sees the merit in some of these critiques.  He finds, despite himself that he cannot deny the artificiality of our financial constructs, of the supposed meritocracy in which he triumphed.  He delves into the wisdom of other perspectives on life and society, notions he had dismissed before as he was rising.  He veers back and forth between seeing this other wisdom and dismissing it, putting it aside to execute the actions required of his role.  He starts to dislike much of this role and the colleagues that he merely bored him before he now finds repellant.  He finds himself in full sympathy with protesters baying at that colleague.  He feels himself to be outside his own camp.   He realizes the nature of the whole system.  He finds that there are web sites which realize what the whole game is.  A great Keynesian experiment, indeed. 

At some point, he feels like he can't take the next expected step of his role.  Some commonplace deal, an amalgam of fraud and actual commerce, not even nearly the worst of what he and his colleagues do.  But he can't bring himself to do it.  What should this guy do?  Can he just resign and start speaking against the system?  Maybe not.  He realizes he might be found to have committed suicide with a 10 shots from a nail gun.  If not maybe he'll be set up.  Drugs?  Sex offenses?  Who knows?  Maybe he'd just be disappeared.  No.  That's not the way out. 

No, a traitor to the banksters, if he really wanted to go straight would have to keep pretending to be a bankster and to quietly save his wealth and those of all he could help in real money.  He would try to carefully see that all the "right" people got ruined in the crash to come.   He would make investments that were like financial double entendres, moves that appear wise that will ruin the corrupt, for instance. 

The other route, the oligarch who turns on a dime *after* the collapse seems too unlikely.  Try to imagine a frantic Jamie Dimon,  as a horde of occupy wall street young people close in on him on the chaotic streets of New York, spinning out a furious convincing yarn that there was nothing he could do but that now, he, the reborn Dimon, sees what was really wrong.  If the occupy folks will just follow him he'll show them how to fix what's wrong.  Are you with me!?!

No, I can't see it either.  He'd try to pull societal rank.  He'd try to assert his authority.  He wouldn't be able to let go of his ego and his trappings, would he? 

Just some speculation.

Occasnltrvlr's picture

Very Sorry, CA Lawyer, Again, Completely OT

Have a favorite band?  Seen a memorable stage show?  I've seen dozens, and my ears ring continuously.

Be patient, watch this through.  Forget the actual girls, watch the stage production.  What do you think?

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