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Sat, Dec 27, 2014 - 7:41pm

You know what the big lie is in today's markets? Take a guess...

The reality is that there are so many contenders for this title that the aggregate populace of Turdville probably came up with two dozen different answers to the question. How many of you chose the P/E ratio of the S&P supposedly reflecting the future real earnings of those companies? The "value" of the USDX? The fact that interest rates, which are supposed to reflect reasonable return after accounting for risk, are literally at multi-hundred year lows... does 2.7% really reflect a reasonable return for a 10 year bond after accounting for the possibility of default for a bankrupt and utterly feckless Italy? Or France? Or the rate on the 10yr US Treasury Bond?

All of these are contenders for the title, and you can probably come up with others as well. But you know what the biggest lie of all is? The one that underlies everything (and requires the manipulation to ridiculous levels of all the above)? The lie that there actually ARE markets, the lie that everything is fine and all has been fixed. The vast majority of the populace believe this lie, and structure their lives accordingly. They believe the unemployment numbers, they believe the deficits don't matter, they believe that the economy is getting better, they believe in the integrity of the institutions that run their lives, and most importantly they believe that they have nothing whatsoever to worry about. They believe in the mythos of an omniscient and omnipotent Fed. They believe in the successful Central Planning of the economy. There is no cause in their minds for them to question the comfortable, easy lives they live (for now) or the standard of living that they think they have secured. They don't question the actual value of their savings or their paycheck. There is no reason to question or be fearful of what may come. There is no need to prepare or to change their investing, their worldview, or their lives in any way.

There are a hearty few, however, who refuse to take the easy way out, who have the courage to accept the uncomfortable truth that these falsehoods are no basis for planning their futures. Who see the lies for what they are and refuse to be lulled into a comatose acceptance of the unsustainable status quo. They will not be cowed or dissuaded by pathetic Ad Hominem slurs like "goldbugs" or the disapproval of the mainstream investing press. They are the precious few who are getting ready to protect their families and are sacrificing today to be ready for an inevitable tomorrow.

But after a three year bear market in precious metals there is a disturbing malaise that seems to be settling in on many, even in this tough community of non-conformists. People counting the value of their stack solely in US Dollar terms, as if this benchmark is at all appropriate or valid. I would very much like to shatter this malaise, and get people to once again see that what they are doing is not only absolutely right in investing terms, but is profoundly important and crucial for their survival and the survival of the whole. I wish I could get people to understand that each and every one of them is a warrior in the most significant battle of our lifetimes. I wish I could get these people to see themselves for what they are- revolutionary insurgents fighting a tooth-and-nail pitched melee against an intractable foe who possesses every material advantage on the battlefield including utter control of the press, the political process, and the popular culture. I wish I had the words to express how profoundly crucial it is for these people to keep fighting, keep the faith, and keep attempting to pursuade any and everyone they can to protect themselves from what is to come. I am sorry. I simply do not have the words.

To put it bluntly, there is a shitstorm of unimaginable proportions coming. The entire economic basis of our society has slowly, incrementally, and in some instances deliberately, been undermined. The historic signposts of trouble (interest rates, unemployment rates, PM values, stock market valuations) have been spray-painted over, the canaries in the coal mine stuffed and placed on their perches to assure the tractable populace of exactly what they wish to believe- that everything is fine. The rot and disease goes to the very core of each and every institution to the degree that none is reliable. And the entire hollow edifice is cheered at every turn by a media who long ago sold their journalistic ideal of "truth telling" for easy promotion and fast cash.

A whole ton of people who understood these truths four years ago have now forgotten them, or at least have marginalized their impact in their minds. If you are here at TFMR reading this, you will know what I am talking about - if you were paying attention in 2008 and 2009 when the whole damn thing was inches from flying off the tracks and you damn well knew it, as the subsequent testimony of those involved at the highest levels confirmed. For example, the Secretary of the US Treasury Hank Paulson who warned congressional leaders of a "tanks in the streets" implosion if they did not pass the bailouts. The whole thing was inches from imploding and taking all of us with it. Think back to those days, remember what it was like to see your "diversified and safe" stock portfolio down 50% in six months, to see trillions of dollars created at the swish of a pen and called "stimulus" or QE or whatever the euphemism of the day was, and to think: This is utter crap, this is NOT how you fix these problems. Do you remember how it felt to truly contemplate, for the first time in your life as a potential reality, the honest t to God destruction of your savings, the end of your paycheck, the implosion of the whole shooting match? Well guess what... we have only papered over these problems. We have become very, very good at hiding the symptoms of this disease with accounting tricks and a media barrage of "green shoots" or whatever the meme of the day is to convince people that everything is hunky dory.

Everything is not hunky dory. The reality of insolvency and parabolic debt is a hard bitch, and it doesn't give a rat's ass what measures are taken to mask its proxy effects in the short term, it will have it's day. You either understand this reality or you do not. And with the entire "opinion-making" apparatus dedicated to the sole purpose of convincing people that reality will never reassert itself, only those who are constitutionally strong (and a bit irascible) will resist the message.

Forget the bear market in the metals. Remember this: You are a rebel insurgent in the greatest economic battle of all time. You know that value cannot be created by the swish of a pen. You know that lies are lies, regardless of whether they comfort you or not. You know that reality is reality. You have chosen to invest the results of your labors in real money of genuine value, not the paper promises and happy fairytales of the powers that be.

The enemy uses every mode of propaganda and persuasion to convince you that you are wrong and that all is well. . Don't think for a minute they are correct in this assertion. Stack your metals and prepare to care for yourselves and your loved ones, because the reaper is coming. And it is closer than when you first sensed its presence five years ago.

Keep stacking.

About the Author

  119 Comments

SamSchlepps
Dec 28, 2014 - 12:23pm

Reimagining the Continent - same same as Pining says

The more things change - the more they stay the same

Just watched the US Military (Petraeus) and Bankers (Zoellick) get together on a TV channel and talk about the need for North America to get together - right!

THe USA needs moar and what they don't have of Canada and Mexico they get through this new direction - "re-imagining the continent". Here the task force report and link - CFR of course.

https://www.cfr.org/north-america/north-america/p33536

Overview

A new CFR-sponsored Independent Task Force report, North America: Time for a New Focus, asserts that elevating and prioritizing the U.S.-Canada-Mexico relationship offers the best opportunity for strengthening the United States and its place in the world.

"It is time to put North America at the forefront of U.S. policy," the report says. "The development and implementation of a strategy for U.S. economic, energy, security, environmental, and societal cooperation with its two neighbors can strengthen the United States at home and enhance its influence abroad."

Thanks for the article Mr. P

Joseph Warren
Dec 28, 2014 - 12:25pm

Re: a common theme

Well, I can only speak for myself on this one. I've been warning friends and family for years. At first I thought it was a matter of a lack of information & knowledge on their part. I finally came to the realization that it isn't their intellect, but their emotions that get in the way. They don't want to think about 'bad things' that might happen. They also don't want to let go of their view as to the nature of the world. This is understandable. I recall the sinking feeling I had, many years ago, when I first came to see " The world & my country isn't as I was taught since I was a child." Most people find this extremely difficult to do. (Perhaps traders have an advantage in that if they don't give up their false notions they find themselves broke.) All you can do is put the information out there. I've done that with friends & family. Those who want to get it . . will. Those who don't . . won't.

Nick Elway erewenguy
Dec 28, 2014 - 12:40pm

A balance between speaking up and expectations

Erewen

Quote:
Stupidity cannot be cured with money, or through education, or by legislation. Stupidity is not a sin, the victim can't help being stupid. But stupidity is the only universal capital crime; the sentence is death, there is no appeal and execution is carried out automatically and without pity.
- Robert Heinlein
Quote:
A fool cannot be protected from his folly. If you attempt to do so, you will not only arouse his animosity but also you will be attempting to deprive him of whatever benefit he is capable of deriving from experience. Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
- Robert A. Heinlein

Heinlein quotes are true, but when you speak up, some of those listening may be willing to learn from experience. Perhaps when experience hits those people, your words will come back to them. You don't know which ones may wake up. I suggest keep your expectations low, but speak up when you can.

Quote:
Speak up, speak often, and don't worry about those that at this point cannot understand, as they can never un-hear what we tell them.
-Ron Paul
Gold Dog
Dec 28, 2014 - 12:57pm

Thanks P!

For various reasons not just limited to my upcoming sojourn to Florida I handed out everyone's gold on Christmas, don't want the responsibility any more.

Everyone loved it......one family gets it. Don't give up!

Your friend,

Dog

AUandAGbull
Dec 28, 2014 - 12:59pm
AIJ
Dec 28, 2014 - 1:00pm

one more thing

I am convinced that others don't listen because they would have to spend currency to buy gold and silver and that would mean sacrificing their lifestyle in some way. How the light comes on is a mystery. Think how the light came on for you. For me the thought occurred that if the dollar devalued I would have no protection. That realization came from years of reading and searching for the truth. That's the key. Find someone who values the truth. Then you have a chance.

CC Horses
Dec 28, 2014 - 1:26pm

Only Down 45%

Pining another excellent article. Thank You Sir!

Thank You to all the posters that help me keep up the strength to fight the daily onslaught of all is well in fiat land. If I don't live long enough to see the 1980 inflation adjusted price of triple digit silver, hopefully my children will. That's the main reason I save in PM anyway.

I thought the fiat dollar world was ending a long time ago, so I converted to PM and took early withdrawals of all my CD's and lost over k in penalties (thanks Bankers). I could have a new car in the driveway with those losses. If I had invested in the stock market instead of PM my spreadsheet would look so much better, or so my family/friends say. I'm hopeful and optimistic for a turn around in 2015, or 2016, or 2017 etc. etc..

My PM purchases began in June 2011. Sadly if I had only remained a sheeple a few months longer, and not been awaken to PM until after Sept 2011 my costs would have been lower in AG. Would anyone here have believed that the US losing it's AAA rating would cause silver to drop and Gold hundreds? As of today my PM savings account is only down 45%. On the bright side, I was expecting it to be down at least 55% . These last 2 years have helped to lower my average cost. My faith is strong, and with support from this site, and all of Turdville I will continue to add to my stack.

I hope all of my friends in Turdville have a Happy, Healthy and Prosperous 2015.

cchorses

Kismet
Dec 28, 2014 - 1:35pm

Question the paycheck

When I read Mr. P's sentence about people not questioning the actual value of savings & their paycheck, I thought about a conversation I had with a friends wife. Her comment was "why should I save any money, I get paid next month". Pretty much was the end of the serious conversation ... Hey, how about those sales at the outlet mall?

DeaconBenjamin
Dec 28, 2014 - 1:39pm

Threaten Western Freedoms With Trans-Pacific/Atlantic Treaties

Introduction: Forecasting trends since 1980, Mr. Gerald Celente is publisher of the Trends Journal®, Founder/Director of the Trends Research Institute® and author of the highly acclaimed and best selling books, Trend Tracking and Trends 2000 (Warner Books). Using his unique perspectives on current events forming future trends, Gerald Celente developed the Globalnomic® methodology, which is used to identify, track, forecast and manage trends. His on-time trend forecasts, vibrant style, articulate delivery and vivid public presence makes him a favorite of major media. The Trends Research Institute has earned its reputation as "today's most trusted name in trends" for accurate and timely predictions. On the geopolitical and economic fronts, Celente and The Trends Research Institute are credited with predicting the collapse of the Soviet Union, the last two economic recessions, the dot-com meltdown, the 1997 Asian currency crisis, the 1987 world stock market crash, increased terrorism against America, "Crusades 2000," the quagmire in Iraq ... before war began and much more. The Trends Journal is on YouTube here.

Daily Bell: Thanks for making time to talk with us today during this busy holiday season. Let's talk about your Top Trends for 2015. You write of "bankism" and say it is fast becoming the dominant global economic system. What do you mean by that?

Gerald Celente: It's very clear what it is, in that it's not capitalism anymore. Capitalism means there's no such thing as too big to fail, and the too big to fails are the banks. The banks are the ones running the show, not only in the United States but in a country near you. For example, we saw the Dow nosedive in the beginning of December and then it hit new highs by the end of the year. Why? Because the central bank, the Federal Reserve, said they were going to keep interest rates low. They used the phrase "to be patient," to have patience. They have not raised interest rates now since 2006. So the banks are controlling the world economy, not only in the United States; you look over in the European Central Bank and it's the same thing over there. They have negative interest rates. What did they do? In the States they had a round of quantitative easing and now you'll see in 2015 the European Central Bank will not only want to be buying government bonds; more than likely they'll be buying corporate bonds.

So the banks are in control. And by the way, in the United States in most of the presidential elections in the 19th century wanted to prohibit a central bank from controlling the nation's money supply and printing, and then of course, we got our private central bank, the Federal Reserve, in the early 20th century. So bankism has replaced capitalism. There is no such thing as a company rising and falling on its own when you're a bank. They're in control. Again, four words killed it: too big to fail. This article is going to be written by Nomi Prins who, of course, wrote the wonderful, very insightful, scholarly book All the Presidents Men. So this is just an overview of much more than will be detailed in the Trends Journal.

https://thedailybell.com/exclusive-interviews/35950/Anthony-Wile-Gerald-...

Dyna mo hum
Dec 28, 2014 - 1:56pm

Rest his Soul

George Orwell - A Final Warning

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