-- Posted Sunday, 21 September 2008 | Digg This Article
| Source: GoldSeek.com
By R. D. Bradshaw
Rense.com on the net just had a provocative story from the Chicago Tribune which was labeled “We have lost control.” In view of the explosion up in gold and silver this past week, one must indeed ask if the Fed has really lost control or was this move just more of its manipulating ups and downs to allow the big banks to steal more money from us.
The Chicago Tribune Story
While the Chicago story did not really answer the Rense remark in the present market context this past week, it was otherwise extremely revealing. In a backdrop on it, the story was by Joshua Boak in the Tribune of Sep 17, 2008 which was headlined “Economist recounts talk with Fed chairman.”
The essence of the report was a private meeting which economist David Hale had with Fed Chairman Ben Bernanke several months ago. Supposedly Bernanke was trying to ward off a recession by lowering interest rates and increasing the money supply. This procedure, per the story, had caused the dollar to plunge against foreign currencies and crude oil and food prices to skyrocket.
Hale recounted the visit by noting that he told Bernanke that he (Bernanke) was the first central bank governor to preside over a recession with no decline in commodity prices. While the Fed could limit these price increases by raising interest rates the fall out could lead to an avalanche of bank failures.
And as the report goes, Bernanke then replied to Hale that “We have lost control…We cannot stabilize the dollar. We cannot control commodity prices.” Now whether this was a true admission from Bernanke or whether his response was just some Rothschild deception, I am not sure. But the context for it does make one pause and think on some things.
As a minimum, Bernanke’s words and Hale’s grasp of them was an admission that the Fed could lose control. And that’s something that most of us gold and silver advocates have expected. If and when it does happen, it will likely be catastrophe for the US economy. But the handwriting is on the wall and that day of reckoning will surely come.
But assuming that the Bernanke words were true statements and not just Rothschild deception, they open the door to the situation that indeed Bernanke and his team efforts had broken down and had failed to deal with the US problems. If that realization occurred to Bernanke, in the Hale conversation, is it then plausible that Hale’s words prompted Bernanke and company to alter their MO and begin an attack on the commodity prices this past summer to try to deflate them?
Well, at the moment I cannot draw any conclusions on the answer to that question. But the important thing is that there was an admission from Bernanke that indeed they could lose control. So he’s thinking about it and in the present context. So it’s not some hypothetical thinking for the distant future.
Hence, we must revert to the issue at hand on what has happened to gold and silver the past several days. Does this move represent a loss of control by the manipulators or have they set these moves up for another chance for them to make gobs of money on the oscillations? Well, I don’t have an immediate answer to that question. But there is a good source to watch which could reveal what the plutocrats have in mind.
As noted in the Goldsmiths, Part XII, there are some brokers scattered from Tel Aviv to Chicago who do seem to have advance pre-knowledge of events coming down the pike.
Now while some of them and their linked analysts will share some of this knowledge with the public, one must always exercise caution over their words of advice. The reason is that they or the source of their information can be playing the Rothschild game of deception. So even when one watches one of these insiders, he must still use some discretion over their words of advice.
The bottom line here is that before putting money into the commodity futures markets (as an investor, not as a trader which is a different thing) a person needs to use much caution and prudence. While this could be the thing we have hoped for, there is an even greater chance that it is just one more fake move by the manipulators as they have ripped us off with these fake moves hundreds of times before in the past 40 years.
For More Reading/Information
For more reading on this issue, the reader may wish to check these sources:
The bestseller: “None Dare Call It Conspiracy,” by Gary Allen and Larry Abraham, first published in 1971, still available on eBay, Amazon and other book outlets.
“Tragedy and Hope,” by Carroll Quigley. At the 1992 Democrat Convention, Bill Clinton’s acceptance speech cited Quigley as Clinton’s mentor.
An Internet presentation on the Plutocrats, at Volume XXII of “Ezekiel and YHWH’s Judgment for the Good People,” at www.AgeEnd.com on the net.
The author is not involved in the securities or financial market business and has no financial interest in presenting the information herein. Hence, the preceding information on this subject is presented for general information only and not for purposes of investment advise or recommendations. What the reader does on investments is his own personal decision and responsibility.
Finally, the writer of this series is a retired CPA, living in the Idaho Mountains, and still optimistic for the future of gold and silver. He is also a veteran of the Korean and Vietnamese Wars.
-- Posted Sunday, 21 September 2008 | Digg This Article | Source: GoldSeek.com
