Wake up, O sleeper. Rise from the dead

Tue, Sep 2, 2014 - 9:16am

Well, I am awake. It is 5:50am here in AZ and I just looked at the AU charts. Who says no manipulation? In the middle of the night when US markets are closed? Moving down on technical pressure? No. easing global tensions? No. this is why I should stop trading! Things were looking fairly bullish Friday afternoon and I decided to stay in my long position. Those criminals! All I can say is “Wake up, people.”

At the risk of preaching to the choir… perhaps you’ll want to forward these musings.

Wake up, O sleeper. Rise from the dead.

As people begin to awaken from their slumber—awakening from a dream that all is well, that the economy is recovering, that the government statistics are correct and employment is improving—these people are seeing a grim reality that is not pleasant to look at. No wonder they want to stay asleep.

But even as they sleep, people know in their soul that something is wrong. A feeling they cannot shake.

Our good friend Keg told us about a conversation with colleagues the other day, and how that conversation turned to the economy and politics:

“So I challenged them by asking what they were doing to protect their families and their assets. Dead silence. Complacency to the max from people that are intelligent and successful in business, know in their soul that something is wrong, yet choose to ignore it and just go on as they always have.”

These people are asleep and afraid to awaken from their dream.

Indeed, those who trust in this current economic system—a centrally planned, manipulative, Keynesian rip-off that stacks the deck against you—are already dead. They will have no chance to prosper in the economy that comes. Their paper wealth will be wiped out, bailed-in or both. The equity in their home will evaporate. But do you think the bankers will forgive the debt out of pity for you? No! They will not. In a deflationary environment, nothing you have purchased with debt will be worth more than is owed. Not your home, not your car, not your new appliances. Those who owe money to banks are debt slaves. And when the economy is so damaged that most cannot continue to make their debt-slavery payments, what will they do? Bankruptcy? Many will consider their lives over.

If they really do wake up momentarily, they sense a monster in the closet, and know they ought to open the door and verify that there is no monster in there so they can relax again. But the problem is that there really is a monster hiding in the closet. Everyone knows it but nobody will talk about it. Except in places like this—and then we are called out as cult members or conspiracy theorists.

If I may set the table a bit here…

I earned a MA and PhD, mentored by several internationally recognized scholars in my field. My programs brought in big names from around the nation for guest seminars with the graduate students. I have been taught by teachers who made my brain turn upside down and challenged my core beliefs to the point of personal crisis. But the puzzle pieces have all settled into place. I won four awards for research while a student. In 14 years as a professor I held an endowed position, been a department chair, and published two peer-reviewed academic books in my field, along with a number of essays. I got burned out from all the responsibility and administrative work. These days I simply teach, review books by others in the field, go to occasional conferences and write incoherent articles for an obscure economic blog.

My field is Rhetoric. As one of our top minds, Michael Calvin McGee put it "What is rhetoric?" ... "Rhetoric is lies and bullshit. Every department in this university is devoted to the search for truth, except us. We search out lies and bullshit. Now I put it to you, which are there more of?" We look at speeches, to be sure, but also at public relations campaigns, political campaigns, advertising, and the media--specifically we analyze media products designed to shape and steer culture: movies, & music. Our researchers have confirmed that our entire culture has been transformed by the puppet masters of advertising into a “consumer culture” where we are all simply consumers—not sheep so much, but trained to consume products and enrich the corporations and their lackeys.

I received the best mainstream education possible in a very difficult and profound field. Both eyes are wide open. I like to think that my spiritual eyes are wide open as well. I belong to no cults. I don’t entertain groundless theories.

(Hold on… I am getting a text on my smart phone … Oh… just letting me know that they have a zero % sale at the car dealer. Hmmm maybe I should get a new car?). Now where was I?

Point is… I am not from the fringe. I am not ignorant. I am no longer asleep. I have looked in the closet and have decided to take action based on what is in there, cause I see criminals who are running this economy into the ground with their algorithms and derivatives and banking schemes.

I claim that most people are still asleep. They are in bed, dreaming. The dream has this unsettling element—something your subconscious is trying to explain to you—strange events and words, symbolic, and you are grasping at the meaning. So you keep dreaming to see what happens. You know you are dreaming and that you probably ought to get up because the alarm will go off in a few minutes. Then you awaken, ponder the dream for a minute, baffled, unable to make sense of why you dreamed of a train wreck, and finally sit up and swing your feet to the floor and say “I better get moving.” And you go right back to sleep. The dream is trying to tell you the truth, and your awakening, unfortunatley just put you back to sleep, commuting, working, socializing, getting paid and wondering why the paycheck doesn’t seem to go as far.

As you participate in this consumer culture, you are not rally awake. In Jean Baudrillard’s view, reality is just something within in layers of possible socially constructed realities of what he calls “hyperreality.” These layers of reality were created from thin air by propagandists and advertisers, telling their stories that make their products a logical thing to desire. These stories and images are whispered repeatedly in your ear so many times that they become a reality of their own. (link) I used to think he was a post-modern nut, but now… (Hold on… another text … wow, that Old Spice guy can really get around … I think I’ll buy some and smell like him.) I agree with him. But I ask, "Which is the “real” reality. And which are the fake ones?"

The dreamer knows. Your gut feeling is still in touch with truth.

You read the news—mostly fluff and scandals. So you turn to the “Business” page and read a lengthy encouraging article about a local craft brewer who is now selling beer to neighboring cities and hiring 3 more workers. You notice a small article that a large national pharmacy is closing their local distribution center and laying off 345 workers. (the placement and length of the articles sends a strong metamessage about which story is more significant in the mind of the publisher). You see the bank ads to refinance your home, again. They come in the email and appear in the sidebars of your webpages. And the dreamer knows that something isn’t right.

But as you lie there in bed, half asleep, you also notice the other signs—the soft scrabbling, grunting, and clawing of that monster in the closet—easy to notice, once you tune in.

Prices are going up on your favorite chips while the contents shrink. More balloons, but fewer cars in the lot. Only four businesses left in that strip mall down the road. More people working temporary jobs at the few factories left. That empty industrial building? I never knew what they did there, but the parking lot used to be full. Today it is empty except for weeds & graffiti. When did the fast food restaurant become a senior center? Hamburgers just like grandma used to make—Hey! That is grandma working back there at the grill.

The clues and signs are everywhere you look. In every town, in every country—some worse than others. But not in the newspapers or other media. Nothing of import is discussed there. Maybe that is why news organizations are failing. And since when did a new product line by an international corporation become a news story? Since when did our sleepy little town of 20,000 begin to need an armored personnel carrier? Is crime that bad? And why is the US government providing grants for local police departments to arm up like that? Who are they afraid of? A handful of violent rioters?

I can smell that propaganda stuff a mile away.

Wake up! Don’t go back to sleep as you shower and commute to work. Smell the coffee. That smoke detector battery died last year and what you smell is the house on fire. Good thing there is still time to save your family.

Yes, something is terribly wrong. There really is a monster in that closet. Every time he speaks, the Fed and other central banks jump into action, the US decides to bomb somebody for humanitarian purposes, a 253 page law gets passed in congress, with most house and senate members not even reading past the first page, and a sex scandal is splashed across the front page to try to divert my attention.

“But Dr Jerome, there is nothing I can do about it?”

Nor can I. But I have a “contingency plan” that doesn’t cost me a dime. In fact. It is already saving me money. I am transferring my wealth and energies into things and activities that will survive in tough economic times.

  • We keep our savings in precious metals and try to save more than we used to. (I know, gold & silver don’t pay interest. But neither does the bank pay interest anymore. Both metals are currently priced (9-1-14) cheaper than their mining cost.)
  • We bought some food stuffs for the pantry—just in case. It is nice to always have a supply of rice, sugar, and canned veggies & fruit in the house. Buying in bulk saves. My Mormon neighbors have been doing this for years.
  • We purchased a side of grass-fed organic beef from a local rancher for much less than at the corporate grocer.
  • We are learning to garden. Those were sure good tomatoes last night. More to pick today. And have you seen the price of these things in the store?
  • We are installing a solar electric system.
  • We are planning a debt free “vacation house” to go have fun with the family, but also for a refuge if Ferguson MO comes to Anytown, USA. (hey—it could happen… just one aggressive kid and a trigger happy cop is all it takes).

Now tell me, where is the risk in all of those actions? What am I losing if I am wrong about the monster in the closet? Tell me how that makes me a tin-foil hatted conspiracy nut job cult member who had gone crazy due to too much education.

Perhaps the bad times will not be set in motion by a kid and a cop, but rather by a bank failure and a trigger happy margin caller that set a worldwide banking failure chain in motion.

Or maybe, we just slowly get poorer as jobs evaporate and bankers repossess more and more homes.

Something is definitely wrong. You know it.

Wake up, take action, and save your life.


Dr Jerome

About the Author


Sep 2, 2014 - 9:20am


Well, now we know what those customer (CB) accounts are all about at JPM.

Blue Sky
Sep 2, 2014 - 9:20am

A shocking drop

First thing in Sept. If they think they are wearing us down they are but will still be watching for bargains.

Sep 2, 2014 - 9:35am

Seems this is working

Seems this is working roughly, of course, the lows in my picture from August 12th were too low ( ? there is still time): https://www.tfmetalsreport.com/comment/621762#comment-621762


There is interesting exactly FIBO (ratios between periods are 1,618..) time line development in gold since August 2012:

The sequence is downtrending from top to next top; as can be seen from drawing, this FIBO sequence converges ( period =0 ) somewhere in January 2015 .

There is some mistake in Netdania time line ( shift by 1 month to the left) so correcting it, next minimum in gold could be around Sept 1st, maximum- About Sept 24, etc, getting more and more crowded if not some resolution earlier.

in any case this sequence is pretty long term and accurate and it has to resolve somehow prior to or in January 2015.

On other hand, we have learned that sharp drops in gold means there will be geopolitical tension escalation soon. People in the know drop the price prior to that. NATO has summit on Sept 4-5th with plans to ramp up anti Russian force concentration speedily, Obama is in Estonia (Baltics) on Sept 3rd. Excellent timing for Russians to do something extra.

Sep 2, 2014 - 9:36am

$1319 for AGEs at Provident

never thought I'd see that again. Picked up a few.

Every oz of Au is a month's survival, er, retirement.

Sep 2, 2014 - 9:41am

Makes me wonder

I am wondering if something is going on, something not in the news yet, that will make gold pop up $20 and they are just weakening it in advance ... or perhaps they are not done smashing. They usually mash it down for two full days before letting go. A good time to stack.

Ivars, Yes! I forgot about the NATO summit this week. Their war mongering would be a very good reason to take gold down.

Sep 2, 2014 - 9:41am

Incessant Manipulation?

Dr., and Turd, I follow this site and others (including Trader Dan to get his view). I first got turned onto gold in 2008 by a colleague who, over time, became very strong willed in his new found beliefs on sound money, physical gold and other strong held beliefs.

My simple question to all, and feel free to flame me (but please know I hold a substantial physical position) is, regardless of the end game, which we all know will be the demise of the dollar, for how long do people keep stacking and missing out on gains in other asset classes? I am asking this strictly as someone looking to make money and secure my retirement, regardless of the underlying fundamentals.

Sure, you can say the rug can be pulled out at any time from the stock market or the bond market, but in the past three years the only market that continues to have the rug pulled out from under it is precious metals.

I know I will get pummeled for these statements, and I can handle it, but I have to believe that there is a little of this same doubt in most stackers -- that metals can be manipulated far longer than ever thought possible (meaning past my death!)

It is one thing to say look at the manipulation even in the face of Ukraine, ISIS, Ferguson, price increases, etc. but my God, if they can keep a lid on gold when all this is going on, and even drive it down, I am terrified of what it would take in the world for gold to actually go up.


indiana rod
Sep 2, 2014 - 9:42am

A Really Great Economy

You knew the 4% GDP gain for the 2nd Q was false when, about the same time, the article came out that half of the country makes less than $27,500. In 1989 the average income was $27,210. The economy is really clocking along, is'nt it? On days like today two things keep me encouraged: 1. Gold and silver are the most oversold in history. 2. Adjusted price for 1980 peak would be $10,623 gold and $568 silver.

4 oz
Sep 2, 2014 - 9:44am

Gotta Pull The Triger~~~~

Was a predictably fine morning to be sitting there waiting for a smash!

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Sep 2, 2014 - 9:45am

Dr. J sounding the claxon . . .

"Wake up, hit the deck! It's 5:00 am and the Russians are coming! Be ready for inspection in 5 minutes!" Dr. J you are pretty fired up! Reminds me of bootcamp, when the drill sergeant came into our barracks and got our sorry a$$es moving.

ancientmoney Doctor J
Sep 2, 2014 - 9:51am

Dr. J, a question for you . . .

"I am wondering if something is going on, something not in the news yet, that will make gold pop up $20 and they are just weakening it in advance ... or perhaps they are not done smashing."


This is a serious question. You seem to be awake, or at least awakening. Do you think the paper price really matters? Reallllllly matters? We all know they can do anything they want to with the complete controls they have in place.

You must know, or at least sense that the paper price will, and must go to ZERO before gold and especially silver can ever be free.

In fact, silver will likely be called a "strategic metal" soon, when the supplies run out. JPM is sitting on a horde from what I've read, which will likely be held for strategic purposes like arms manufacturing, etc. Probably will be some sort of rationing to industry--governmental price controls, etc.

That's when the black market (read: real world prices) in silver takes over.

Sep 2, 2014 - 9:53am


I think you'll find less flaming here than you would've a two years ago. I perceive that more and more regulars around this site have been backing off the "any day" rhetoric lately and focusing more on shifting their lifestyle to something more resilient and earning as much as possible while this system allows it. for my part, I am not spending money on frivolities any longer. Stack and make money! Both. Make fiat if you can. Do the right thing with it. You have to live with the balance you choose. I am about 50% metals and 50% real estate. (The real estate is taking a beating, by the way, and I expect it to get worse.) Doesn't Sinclair recommend 20% gold?

I'll refer you to Pining's post from the other day. Here he identified a dozen commodity based stocks a year ago that earned dividends and went up 35%. link Perhaps you already read it.

Sep 2, 2014 - 9:58am

Price matters

Ancientmoney, sounds like more and more of us are agreeing with SS121 about the fake charts. No, price does not matter. I make purchases when I can, but a lower price lets you cost average down. I like that, so I guess it matters in that small way. but in the big picture, you are correct. Only ounces matter.

I have to assume that as the price of metals continues to drop, its availability will decrease, not increase as one would expect.

Sep 2, 2014 - 10:04am

be right and sit tight

What a great piece to wake up to Dr. Jerome... It all seems so surreal... Corto, your facts are straight... If all one had are the "markets" to go by, I'd be questioning my investment sanity as well, but when one looks around and sees what is happening, as Dr. J. has so sublimely observed, the reality is quite different. Be right, sit tight. And for those just waking up... it is truly time to get movin'!

Sep 2, 2014 - 10:10am

Speaking of Fake Charts

Yahoo finance has gold at $1,281 and was at $1,290 a little while ago.

sierra skier
Sep 2, 2014 - 10:19am

The Monster in the Closet has

The Monster in the Closet has always been there it is however waking up and demanding to be fed. The Old Spice is really just a cover up to the real sent they are trying to hide. Look at the label on Old Spice or any consumer product to see the poisons used as ingredients in these products. China is not the only one selling us poisonous products and our corporations have been poisoning us for decades with ingredients listed that none of us can even pronounce.

They give us credit and increase credit, send checks to write against the account (for 3-5%) to spend. They bombard us with advertising in an effort to get us to spend to our credit limits and then extend the credit limits. WASH, RINSE, REPEAT. All in an effort to convince us to 'keep up with the Jones's.

Sep 2, 2014 - 10:28am

Looks like minimum in gold is

Looks like minimum in gold is coming exactly at London Fix.

Green Lantern
Sep 2, 2014 - 10:33am


Your concern is reasonable. Why would anybody in their right mind not want to reap the generous profits that the stock market has offered investors? Answer: Because the profits were not as generous as you are made to believe.

AM has done a serious of articles on this very subject. Learning on TFMetals is cumulative and if the information is not retained, you risk making the same mistakes as the MSM informed public. It defeats the purpose of the alternative financial media when we miss the important lessons.

Reread this article and let me know if you are still eager to chase profits in the S&P? Did people really make enormous profits?


And then this one.... Trying to get in on the act is the biggest trick in the book.


"I like to imagine the world’s capital as an excited but novice bunch of gamblers in a casino for the first time. They are running from table to table looking for a win and always running towards the greatest noise emanating from whichever table might be where the next winning game is happening. The exciting noise and hubbub is assumed by capital to mean that people are beginning to get some winnings at that table and this is a signal to get in on the act."


"So that’s 16 years of the Dow apparently going sideways, but if you sold your stocks and went shopping with the proceeds the purchasing power of your money in the stock market had reduced mysteriously by 65%! That means that inflation was outpacing stocks by 3% each year for the 16 years, compounding to 65%. Note this is not saying inflation was 3%, it was 3% in excess of what stocks performed."

So what does the stock market look like when we detrend it by the CPI to show the “real” underlying performance?"

Pining made fine picks but one could argue based on what is provided here that nobody made any money in the stock market especially after capital gains and inflation.

Well then you could argue that you made negative gains in the last few years in gold and silver. True that. And hopefully you didn't sell because the real gains have yet to be realized which will not happen for the other asset classes.

The place to have parked your money the last three years would have been cash. And those who did are on the precipice of making handsome profits by buying at the right times in the metals. Those who bought early, most of us, will not have gained as much but in the end will out perform all other asset classes. NOt a bad consolation for having endured the pain.

Safety Dan
Sep 2, 2014 - 10:45am

Dr. Jim Garrow's "Red Line In The Sand", September 13, 2015

Dr. Jim Garrow

Best Before Date:

Many items that we purchase in stores acknowledge that life is winding down and the law of entropy applies to all. The natural order sees the universe descending from orderliness to chaos and in this science has chosen to call the phenomenon its Second Law of Thermodynamics. Because I am not a prognosticator, prophet or "Karnac the Magnificent" (sorry Johnny Carson) , predictions are not within my comfort zone. I have been asked what I personally am doing to "prepare" and what date have I set for myself and my family as the "Best Before Date". So without further ado I will share my "red line in the sand". September 13, 2015.

- Dr. Jim Garrow -

Safety Dan
Sep 2, 2014 - 10:50am


TERRORISTS CALLING FOR PREEMPTIVE JIHAD on AMERICA! https://m.nationalreview.com/article/386728/terrorists-handbook-joel-gehrke Joel Gehrke - Terrorists’ Handbook President Obama may not have a strategy for defeating the Islamic State, but the Islamic State has a strategy for the U.S.

In fact, that strategy is set out, in part, in an al-Qaeda manual recently translated for the benefit of the U.S. military. A guerrilla...


Human Mushroom
Sep 2, 2014 - 10:52am

I'm fortunate

that I started buying my stack when a tube of 20 Silver Eagles cost $125. I even bought seven tubes at $175 each (shipping included) as Christmas gifts for each of my adult children. I've been at this for a while. However, my average costs is higher cause I've been buying at higher prices as well, but I'd say the first half of my stack was bought in the $6 neighborhood. Of course back then, life was rather normal, when the American Dream still felt like the American Dream. So I'm fortunate that these absurd prices right now don't hurt me much, it's just annoying as hell. But then again, despite all the fraud and corruption that is in the open now, life is sorta still rather normal for me. I can still go out and buy anything like I could way back then. It's just that the stuff I buy now isn't what I'd call fun stuff. My money goes toward prepping for the chaos that's coming. It's getting late in this game, so I don't use all my money for silver or gold. I want to be able to eat, too, without having to use my metals to buy available food when the chaos arrives. Bottom line: I'm just watching the metals soap opera most of the time. I watch the suppression, shake my head a little and say "Geez." Then my daily routine continues as usual.

Mr. Fix
Sep 2, 2014 - 11:06am

Excellent article Dr. Jerome:

I see that you do not consider yourself to be “on the fringe”. I respectfully disagree, you live in a exclusive minority of people who have a clue as to what is going on, most of us here do. The overwhelming majority will still be sleeping when the freight train runs them over.

On a brighter note, after listening to the latest release by Jim Willie, with Germany jumping sides to the east, NATO is now dead, and the Western banking cartel is quickly losing its grasp on power. The odds of us having to pass down a totalitarian dictatorship to our children are beginning to go down. Apparently, the CIA backed government in Kiev, Ukraine, is also losing its grasp on power, far more people outside the United States are awake, than inside. And more importantly, many of them have correctly identified who the real enemy is.

If this trend continues, as bad as things are about to get in our immediate future, there very well might be a light at the end of the tunnel. That being said, our “preparations”, are more important than ever, there will be some “rocky times” to get through, to see the other side. Those that make it, will be those of us on “the fringe”, and prepared accordingly. Thank you for your contributions.

Sep 2, 2014 - 11:21am

Is this an echo chamber??

Is this an echo chamber?? Simon Black (Sovereign Investor, this morning), totally echoes our very own Dr J; Imagine this scene: "Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight.” “The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they had never been through something like it before...” This is how an American business executive described living through Mexico’s devaluation of the peso exactly 38 years ago on September 1, 1976. Looking back, it was so obvious. Mexico had a mounting debt, destructive policies, and a woefully unsustainable fixed exchange rate with the US dollar. All the writing was on the wall. But most people ignored the warning signs and kept their money in pesos. Mexican President Luis Echevarria even went out on the radio to reassure people that the currency was safe. Finally, under intense fiscal pressure, the government reached its breaking point. And on August 31, 1976, they made the decision to devalue the peso. People woke up the next morning on September 1st to a 50%+ decline. Coincidentally today is also the 75th anniversary of the Nazi invasion of Poland, the event that ultimately dragged the world into war. Germany had already invaded Austria and Czechoslovakia in the months before. By May 1939 Hitler had stated very plainly, “the decision remains to attack Poland at the first opportunity.” Even a week before the invasion, Hitler told his military commanders, “I have prepared . . . my 'Death's Head' formations with orders to kill without pity or mercy all men, women, and children of Polish descent or language.” Germany had 60 divisions massed on the Polish border ready to invade. Yet people in Poland were told to keep calm, remain in place, and have confidence in their leaders. Finally, on August 30, the Polish government ordered a partial mobilization to meet the German threat. Needless to say, it was too little, too late. Germany invaded only hours later. This is a familiar story that repeats across history. Despite obvious warning signs, people almost universally allow themselves to ignore reality. It’s human nature to want to believe that everything is going to be OK. And when our political leaders whisper soothing words of hope and optimism, we take the bait. Looking back, it was plain as day that Mexico was going to devalue the peso. Everything about the economy and currency was totally unsustainable. Deep down people knew it. Similarly, it was plain as day that Hitler was going to decimate Poland. And people knew it. Yet millions allowed their confidence to be misplaced in leaders who assured them that everything was OK. Are we so different today? The raw numbers tell us that most banks in Europe are insolvent. Bank in the US are dangerously illiquid. Most western governments are bankrupt. Pension and social security funds are insolvent. Financial markets are at precarious valuations. And the dollar is beginning to unravel as the dominant reserve currency. These are data-driven assertions. And my guess is, deep down, your instincts are also telling you that something is seriously wrong with the system. Yet we’re all told to keep calm by our leaders. There’s nothing to see here, nothing to worry about. Looking back, it’s all going to seem so obvious. If a major, global currency crisis hits within the next 12-months, people will think, “duh, how did I not see that coming?” Unfortunately by then it will be too late. It takes only a little foresight and planning to insulate yourself from an event that can have disastrous consequences. If you knew the Mexican peso was at an unsustainable level, why would anyone continue to hold pesos? Similarly, if all the objective data suggests that the dollar is in store for an epic decline… and that the entire world is on a path to shift away from the dollar, why in the world would any rational person base his entire life savings in dollars? It takes little effort to actually do something about it. Hold stronger currencies overseas. Own real assets. Move your retirement account abroad where your bankrupt government can’t steal it. These are common sense steps, just like putting on a seatbelt when you get into a car. The time to act is now. Why play Russian roulette when the odds are clearly in favor of the house? Don’t try to time it. Nobody has a crystal ball. It’s irrelevant whether the trend unfolds over weeks, months, or years. It’s pretty clear where this is all headed. Until tomorrow, Simon Black

Sep 2, 2014 - 11:22am
R man J
Sep 2, 2014 - 11:23am

Some deep thinking here from the Dr

As metals once again sink...Dr Jerome, so glad you are here to provide wisdom. Since you have found yourself somewhat on the path of Solomon absorbing all the world's learning and coming to the conclusion that "all (the social matrix we all live in) is vanity and vexation of spirit". To quote the wisest of all men: "I have seen all the works that are done under the sun; and, behold, all is vanity and vexation of spirit. That which is crooked (metals charts, free fiat) cannot be made straight: and that which is wanting (justice, fairness) cannot be numbered" It seems that the fringe writings of SS121 are becoming more widely accepted, that even the charts are vanity (fake). That type of knowledge comes with a price. I can still buy cheap metal based on those charts....

ancientmoney Safety Dan
Sep 2, 2014 - 11:35am

Safety Dan re: jihad on Amerika . . .

"President Obama may not have a strategy for defeating the Islamic State, but the Islamic State has a strategy for the U.S.

In fact, that strategy is set out, in part, in an al-Qaeda manual recently translated for the benefit of the U.S. military."


That handbook was likely copyrighted, printed, and sent from Langley, VA.

don quixote
Sep 2, 2014 - 11:36am

Another good article Dr J!

Another good article Dr J! There was an article in my city's newspaper a few days ago that said house prices were falling because mortgages were readily available. Isn't that the opposite of the truth? Fits right in their reality with, as you say, "humanitarian bombing".

c3wands abguy4
Sep 2, 2014 - 11:48am


Spent a week in Mexico summer of 76 trying to cover peso exposure.

banks made it impossible to do so except at great cost.

Sep 2, 2014 - 11:56am

Dollar chart looks good this morning . . .

of course, it is another computer-controlled signal that TPTB give to us to see. Just like the paper PMs, oil, etc. All prices are created to keep the machine in motion, to keep the elite in power and "wealthed up." SS121 is correct. It has been this way (100% controlled at the core) since at least May 1, 2011. Before that, it was sporadic, as needed. Now, with the ROW turning away from the dollar, it is full-on controlled manipulation. Until the new financial system is revealed. I think silver will likely become a black market item for the U.S. public. Gold will not yet be used, as a new fiat scheme will be used first, I think, maybe in combination with the new MyRa as a bail-in instrument made to look like a financial savior to those who lose 60% of their "wealth" in the next, "unforeseeable" take-down of the markets.

Ned Braden c3wands
Sep 2, 2014 - 12:11pm

But wasn't the Peso valued

against USD? If so, what would USD be devalued against?

Sep 2, 2014 - 12:14pm

@ Ned Braden

"But wasn't the Peso denominated in USD?"


It was and is denominated in Pesos before devaluation and in nuevo pesos after devaluation.

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Key Economic Events Week of 6/3

6/4 All day Fed conference in Chicago
6/4 10:00 ET Factory Order
6/5 9:45 ET Markit Services PMI
6/5 10:00 ET ISM Services PMI
6/6 8:30 ET US Trace Deficit
6/7 8:30 ET BLSBS
6/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 5/28

5/28 10:00 ET Consumer Confidence
5/30 8:30 ET Q1 GDP 2nd guess
5/31 8:30 ET Personal Income and Consumer Spending
5/31 8:30 ET Core Inflation
5/31 9:45 ET Chicago PMI