Two Things On My Mind

Tue, Jul 24, 2012 - 9:33pm

Earlier today, I spent about an hour visiting with Jim Willie. As usual, the conversation was enlightening and thought-provoking. Along those lines, two items have been stuck in my head all day. I thought I'd get them stuck in your head, too.

First, someone asked me in the previous thread if I had asked Jim lately about his statement that gold would soon fall 20% before rising several fold. In all honesty, I never thought to ask him. We generally discuss "big picture" things when we talk so short-term prices fluctuations don't usually come up.

OK, so here are the two things that are on my mind. First (and I mentioned this in the previous thread and in detail at TTM), is this idea of a U.S. treasury market "Black Hole". You may recall that Jim started using this metaphor back in early June. For a refresher, you should read this and maybe listen to this

The idea behind the "black hole" is that its gravity is so strong that it sucks in everything around it. Back in early June, the 10-year note was yielding about 1.70%. Today it fell through 1.40%. As money flows toward the "safety" of treasuries, it flows out of other assets like corporate bonds, stocks, municipal bonds, sovereign bonds, high yield funds and on and on. Treasuries increase in price (yield drops) while the selling of every other asset causes their prices to fall. This, in turn, feeds into the crisis atmosphere, causing more selling of everything in order to purchase more treasuries. This makes treasury rates sink even further. This accentuates the crisis atmosphere and causes even more "flight to safety" until the "treasury black hole" has sucked in almost everything. It's a very interesting concept and we may be seeing it play out in real time. Ponder, please, the consequences of all this and what the world may look like with a 10-year below 1% and a 30-year near 2%.

The other thing we discussed was the LIEbor scandal and Barclays. Jim will be releasing a new, public newsletter with this as subject matter in a few days. Until then, here's the perspective he offered me.

LIEbor is a huge, major scandal. New details are emerging every day and the size and scope of the manipulation is growing. It is now a simple matter of time before the lawsuits begin....and that's very important. In the discovery phase of these lawsuits, layers of Banking Cartel schematic will be laid bare. Not only will lawyers and investigators find damning, new information on LIEbor, it is inevitable that they will also unearth information regarding the decades of fraudulent and deceptive bullion banking activities. It is when this happens that the proverbial excrement will begin to hit the rotating blades.

What is the difference between allocated and unallocated gold? How many times over have bullion banks leveraged and "rehypothecated" unallocated gold? How many claims are there in the world to the same gold bar? How many folks/institutions/funds/central banks/countries think they own physical gold but, in fact, only own paper certificates? How much gold is really in GLD or the plethora of other U.S. or European ETFs? This is where it could get really interesting. As these investigations dig deeper and as new details come to light, how might price react? If it is finally revealed that non-existent physical metal has been methodically and fraudulently "sold" to the world for years, will this ultimately lead to the collapse of the entire Western World banking system? Can you see why I've been thinking about this all day???

While I was on vacation, the LIEbor scandal grew and morphed into the significant scandal that it has become. The idea that it could ultimately lead to far greater consequences than simple fines and embarrassment is something we all need to immediately consider.


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thurd aye
Jul 26, 2012 - 8:41am

Aces -rockets,keep it going

Aces -rockets,keep it going my shiny saviors.Onward and upward,long as you like.That Jim Willie latest is very interesting!(as usual mind)Stack on friends,stack 'em tall.


AnonymousDagney Taggart
Jul 26, 2012 - 7:25am

Removed comment

Removed comment.

Admiral Ag Bar
Jul 26, 2012 - 6:04am

Chris Duane

Has my full respect. His life story is pretty amazing... he walked away from it all. He could have had such a posh life if he just took the blue pill and went back to sleep. I highly recommend his YouTube channel. If we are all correct in our assumptions about the metals and implosion of fiat paper, I think Chris will emerge as one of the new leaders people look up to.

His silver endgame is to borrow against the silver to acquire land and businesses. His thoughts on using your precious metals to acquire ALLODIAL land is friggin brilliant. I'm not holding my breath, but I would love to own some land truly free and clear - no property taxes EVER.

Jul 26, 2012 - 12:10am

Silver Shield/Silver Sword

I have always found their work to be well thought out and rational.


Jul 25, 2012 - 11:44pm

Chris Duane

Can I probe the vast experience of this group regarding Chris Duane? I have followed his SOL and Silver Shield Report and am truly impressed with the effort he has put forth. Being a loyal Turdite, I believe in silver, stack silver, and want more silver!!! He is waxing utopian of late and gathering forces for the time when the great Keynesian experiment implodes. He talks passionately of things we post about here. Any of you have any further insight about him? Inquiring minds would like to know.

If a PM is a better way to communicate with me about this; great. Thanks in advance to those of you that don't skip past this post.

foggyroadDagney Taggart
Jul 25, 2012 - 11:25pm

rj's remnant


I think, the whole point they are called the 'remnant' is because they represent, a very small portion of Christendom. Truly devoted lambs following, emulating Christ's example.

By their fruits they shall be known, no lies are found in their mouths.

Honest-hearted and righteous, they seek to put Jehovah's service foremost in their Lives.

Scheming, protection and denial would preclude them.


Jul 25, 2012 - 11:15pm

@Cal Lawyer

Appreciate your points about the legal system, and to TF as always.

But the thing that is stuck in my head (to pick up on Turd's theme), is that people (Jim Willie, Cal Lawyer, Economic Collapse For Dummies) construct these very well thought out and rational scenarios. And I believe they are useful, because they provide a scenario template to keep in our mind's eye that we can overlay the real world on top of and see if it lines up. If it does, then we may act quickly in that we have validated that the real world has coned down to that scenario.

The intrinsic problem is that these scenarios can never account for the rogue element. Never. Too many people and too many unpredictable events. The irrational person. The tail risk. The 0.001%. @Cal Lawyer, very good scenario. Except what if one bold (crazy) insider blows it up. Keeps emails and sends them to the NY Times. Tapes telephone conversations and sends them to radio stations.

Are these not the events that really move the ball down the field? Fast and Furious was blown by one whistleblower who listened to his conscience. These are uncontrolled events. They don't happen according to the timeline of the so-called 'master planners'.

If everything was so well controlled by "TPTB", what the hell happened on that weekend in September 2008 when the Treasury secretary was panic calling CEOS of TBTF banks at 6PM on Friday evening to get their buts back to the NY Fed to manage the Lehman event?

The other 'wildcard' is the age of the internet. Information, especially critical information, can now "go viral" faster than actual viruses can "go viral". When does the Heisenberg uncertainty principle kick in? If we know what "they" are doing, in near real time, then the psychological effects and intended outcomes are muted or nullified.

The so called TPTB are human beings, fallible, emotional, irrational and flawed. They cannot control the weather (sorry Sensei). They cannot prevent cancer or heart disease. Just like you and me. No one controls things as well they want or think they can.

Jul 25, 2012 - 10:57pm



We really need to continue to watch the price of Crude Oil as the drama in the MENA unfolds.

While the media steers us all towards discussions on Gun Control and the upcoming London Olympics, events in Syria continue to move toward an "event". And, I feel it will be something dramatic with very far-reaching implications. There are just too many competing interests involved and the danger of somebody making a mistake or losing their cool is high. Here is the latest from Debka. [Take it for what it's worth - I suspect it's worth more than the stories about the Colorado Shooting Tragedy or the London Olympics.]

Russia, China, US, Iran, Israel, Turkey, Saudi Arabia .. will likely all be players in this upcoming "event".

And - how will this affect the focus on Liebor, the Economic Ponzi, the EU unraveling, the Fed and QE.x (a convenient distraction? Distract and Obfuscate?).

And - how might this affect the prices of PM's given the Worldwide financial mess?? Hmm.

​My worry is with all the 'Syrian situation escalation', one or more of these multitudes of Power's is going to do something stupid.

Syria's chemical weapons stockpiles, Israeli nukes, Iranian missals with enough range to target London, Russian nukes, Chinese nukes, Indian nukes, Pakistans nukes, US carriers x4 .

Talk about a powder keg!!

Some Evil shithead pulls a false flag and welcome to the BigOne!

Scary,Scary stuff imho.

Honestly PM's are not my biggest worry at this point, I more concerned for Mankind's survival and getting right with the Almighty!

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Dagney Taggart
Jul 25, 2012 - 10:47pm

@Pecker & IRB

Yea, I copied the "Which one are you?" from the article. Probably might seem like it was me talking, but no.

IMO these 5 archtypes are pretty thorough and we probably all exhibit tendencies of them all to varying degrees in different circumstances. Even rj's "remnant" requires scheming and protecting, maybe some denial. No offense but there are a few in my circle of friends who claim to be Christians to the core, but are very weak in the practice of fiduciary. They are in real estate.

Anyway, going to bounce around and people watch downtown tomorrow with this in mind. I saw too many zombies on the road this afternoon coming in to town.

Jul 25, 2012 - 10:33pm

For the Colonel


I gave the statistics to one of Reid's staffers, along with my address and phone #. They told me they'd get back to me with information regarding the "donor state" status of NV. I watched them throw the papers in the trash when they left the venue.

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