Collusion & Corruption

243
Fri, Oct 14, 2011 - 9:59am

I have several items that merit your attention today but first, here's an update of the charts.

I'm still hopeful that a rally is coming. The technical picture remains positive and the open interest numbers continue to trend well. I'll also be interested to see the CoT numbers when they come out later today. For now, the charts a virtually unchanged from earlier this week.

OK, onto the news. This first item is truly disturbing. I must admit that I saw these headlines but never had a chance to go back and delve deeper. Well, thankfully, Dave in Denver took the time to digest and interpret the situation. All of the sordid and disgusting details are plainly laid out for all to see here. Please take time, right now, to leave this site by clicking on the link below. Read Dave's article and then return:

https://truthingold.blogspot.com/2011/10/legalized-fraud.html

So, let me see if I've got this straight. JPM reports "earnings" of $1.02/share for the quarter, well ahead of the $0.92/share expectation. The media reports this as great news and proof that the banks and overall financial system continue to recover and improve. However, of the $1.02, 29 cents came from an accounting gimmick. Without the gimmick, JPM would have reported just $0.73/share, which would have been a complete disaster.

That's bad enough on its face but let's go back and re-visit, courtesy of the plain-English supplied by Dave, how they "found" the 29 cents in the first place. Here's how this works:

1) JPM issues bonds (debt) at 100 cents on the dollar. At maturity, these bonds must be retired by repaying principle to the bondholders at 100 cents on the dollar.

2) These bonds are currently trading at 80 cents on the dollar.

3) Because, theoretically, JPM could buy back all of the bonds at the current price and retire the issue prematurely, JPM theoretically could save themselves 20 cents on each dollar. Theoretically.

4) Never mind the reasons the bonds are trading at a discount and never mind that JPM has neither the cash nor the intention of purchasing and retiring the debt in question.

5) Regardless, simply because the bonds are trading at a discount, JPM is allowed to claim the theoretical advantage of retiring the debt at 80 cents on the dollar as actual earnings!

6) This is an outright and upfront fraud akin to the accounting of Social Security or some other insulated-from-scrutiny government program.

7) Perhaps more disheartening is the collusion of the unindicted co-conspirators in the financial media who report these "great numbers". You're left with only two choices:

a) For whatever reason, the media is purposefully misleading the public.

b) The media that reported these numbers are utterly and completely clueless regarding the subject matter.

Which is it? It has to be one or the other?

In the end, all of this simply continue to fit the narrative here. The great Government-Financial Ponzi is coming to an end. It is inevitable regardless of how long the lies and distortions continue.

Next up, another story that I've had minimized on my screen for a while. Like Venezuela, Mexico is discovering that the gold that they think they own in unallocated accounts, may not actually be there for delivery. As more and more sovereign nations realize that they have been scammed by the LBMA/Comex system, a "run" on the bullion banks will develop. Once again, this only proves the adage: "the only gold you truly own is the gold you hold in your own two hands".

https://www.gata.org/node/10487

Also, one of the main guys behind this Mexican effort is Hugo Salinas-Price. Mr. Salinas-Price is a tireless advocate of sound money and he was one of the feature presenters at Ned Naylor-Leyland's conference back in January. If you haven't yet seen his presentation, I urge you to take some time to watch it. Linked below:

https://www.cheviot.co.uk/sound-money-conference/presentations/how-to-monetize-silver-so-that-it-can-circulate-permanently-in-parallel-with-paper-and-digital-money

Lastly, I found this little ditty on ZH a couple of days ago. I know that many of you are concerned about confiscation. As you know, I think that, in this age of instant information and communication, a gold confiscation plan would be nearly impossible to implement. However, what the hell do I know? That's just my opinion. I could be wrong so, therefore, I urge you to read this:

https://www.sovereignman.com/expat/gold-confiscation/

OK, that's all for now. The metals are trying to move higher so maybe we can end the week on an UP note. We'll see. Keep the faith! TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  243 Comments

NoSuckerNoBloodsucker
Oct 14, 2011 - 11:00am

DVA Accounting...

...more like DVDA accounting HEY-O!

ewc58
Oct 14, 2011 - 11:00am

Cap'n Hank

Seems to me that what was once "money" has been cloned by the dark side and morphed into Debt. This to me is the greatest example of the dark side's corruption of all the creator's genuine articles. But this one? This one is BIG. What was to be is not what things have become. The whole thing is built on a false premise, that there is value in what is in truth valueless. Just another Big Lie from the Biggest Liar. However, many elements of the Real and Uncorrupted remain, so it's no wonder we see the occasional outbreak of truth in what is an otherwise highly corrupted Human experiment.

In the corrupted world, Debt is the key enabler of the ability to influence and Control. Control in turn is a product of the Power to enforce it. Where does Power come from?

Debt + Usury + A Rigged Game + Best Military = Power

Power applied to Global Elite Planning = Control. The ability to bring the entire planet along according to a private agenda that the ordinary Joe Blow does not get the courtesy of knowing. An agenda that he and Jane most assuredly would not be down with if they did know. Ever hear of the Mushroom Treatment?

It's when you're kept in the dark and cow shit is shoveled on top of you. Up until you're picked and processed that is.

Senseosensei
Oct 14, 2011 - 11:02am

First post

Thank you Turd for the time and effort you put into this site, daily.

I am in the silver camp, meaning i have invested 100% in physical silver. It can take a week, year or decade. but eventually this investment will shine.

redwood
Oct 14, 2011 - 11:03am

Page numbers are missing. 

Page numbers are missing. Any reason?

¤
Oct 14, 2011 - 11:04am

Thanks Big Kahuna with the big hat

Lots of thoughts and links to digest.

It would actually be a little funny (to me at least) if we knew you were wearing the Big Yellow One every time you posted, no matter where you might be at the moment.

Here's another guy who likes big yellow hats and given the oil price action lately....

Video unavailable

https://www.tfmetalsreport.com/forum/1218/bonanza-bunny

Green Lantern
Oct 14, 2011 - 11:15am

Thanks again Turd for

Thanks again Turd for bringing truth to the surface. I don't know about anybody else but I feel like Alice In Wonderland. I went down the rabbit hole and discovered the world around me is filled with lies, deceit, illusion and ineptitude. I'd vote that the media and the average financial journalist is just inept with no true intellectual curiosity but I don't totally rule out deceit. I'm even beginning to believe that we don't have free elections in this country and it's all rigged. The people around me from the mailman, the grocer, the Starbucks customer drinking their latte's are all living a lie and any attempt to tell them differently makes me a fool. Some days, i feel like taking the blue pill and waking up but I realize that ignorance is not an option.

I know one day that my persistence and convictions about the merits of gold and silver will pay off as I will have protected my family. There will be a part of me that will want to go around and stick it people's faces and say I Told You SO, you bumbling idiot. But being a I told you so is never polite especially when they are hurting. But I realize that ignorance is just a defense for seeing the truth requires courage. The sheeple are really just trembling lambs. Keep on marching forward!!!

tyberious
Oct 14, 2011 - 11:16am

good read

The Illuminati and the House of Rothschild
Johnny Silver Bear

During the American Revolution, the House of Rothschild brokered a deal between the Throne of England and Prince William of Germany. William was to provide 16,800 Hessian soldiers to help England stop the Revolution in America. Rothschild was also made responsible for the transfer of funds that were to pay the German soldiers. The transfer was never made. The soldiers were never paid, which may account for their poor showing. The Americans prevailed. At this point Meyer Rothschild set his sights on America.

Meanwhile Benjamin Franklin, having become very familiar with the Bank of England and fractional reserve banking, (see goldsmiths above), understood the dangers of a privately owned Central Bank controlling the issue of the Nation's currency and resisted the charter of a central bank until his death in 1791. That was the same year that Alexander Hamilton pushed through legislation that would provide for the charter of The First Bank of the United States. Ironically, the bank was chartered by the Bank of England to finance the war debt of the Revolutionary War. Nathan Rothschild invested heavily that first bank. He immediately set about to control all financial activity, between banks, in America.

There were a couple of problems, though. The U.S. Constitution put control of the nation's currency in the hands of Congress, and made no provisions for Congress to delegate that authority. It even established the basic currency unit, the dollar. The dollar was Constitutionally mandated to be a silver coin based on the Spanish pillar dollar and to contain 375 grains of silver.

This single provision was designed to keep the American money supply out of the hands of the banking industry. The Bank of England made several attempts to usurp control of the U.S. money supply but failed. Still, through their Illuminati agents, they continued to enlist supporters through bribery and kickbacks.

https://www.silverbearcafe.com/private/rothschild.html

RickyBobby
Oct 14, 2011 - 11:17am
RickyBobby
Oct 14, 2011 - 11:19am
Tyler
Oct 14, 2011 - 11:20am

Redwood

Just to clarify, you're saying we are inherently neither good nor evil, but in an ideal society we would be raised to the "good" side?

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