-- Posted Monday, 30 November 2009 | | Source: GoldSeek.com
The Road to Roota Letters
By Bix Weir
On March 9, 2009 the Dow Jones Industrial Average hit its lowest point in this “Economic Downturn” touching 6,440 with no viable economic reason to expect a turn around in the economy or in the markets. The mood of the investing public was dire.
Over the next 3 days I notice some extreme market manipulation moves by the Obama Administration that I theorized was part of an official operation to manipulate the economy higher without any underlying fundamentals to support a rise.
On March 12, 2009 I published a Road to Roota letter in which I highlighted 10 things the Obama Economic team was doing to try to fool the investing public in thinking that the recession was ending. That article can be found here:
Three weeks later I wrote another article stating that this was no ordinary con job by the administration but a large scale and prolonged market manipulation plan executed on many fronts and including many government and public participants. That article can be found here:
Since these articles were written the DJIA has risen from a low of 6,440 to 10,300 with shouts heard far and wide that the recession is over and we survived the worst economic downturn since the great depression. Meanwhile the unemployment rate has blown over 10%, the residential housing markets are still in major distress, the commercial real estate markets are imploding, the derivative markets continue to balloon and the middle class of America is being systematically beaten about the head such that one day they will be declared officially DEAD. Death by market manipulation. Death at the hands of our caretakers.
Now, 8 months later, we are saddled with markets so distorted and twisted that nobody knows where the “equilibrium price” of anything is any more. Stocks are too high. The USD is too high. Oil is too high. Gold is WAY too low and Silver is practically FREE! What’s going to happen when they stop pulling the leavers and prices find their natural supply/demand equilibrium? One thing is for sure… someone’s going to get a serious case of WHIPLASH when this manipulation ends!
So who has benefitted from the Obama Administration’s “Operation Confidence Con”?
You guessed it…THE BANKS THAT CARRIED OUT THE BRILLIANT PLAN!
Market manipulation is very easy to implement with computer trading programs that execute millions of transactions back and forth in a matter of seconds steering markets wherever the programmer points his mouse. With no market oversight from the SEC or CFTC and an unlimited checkbook at the Federal Reserve the power to rig markets with computers is awesome.
To understand the full scope of manipulation funds available to Obama’s economic team it helps to understand how much money the government/FED has pledged in its various programs...many people believe it was only the $700B TARP funds but according to the FDIC the number is closer to $14 TRILLION as of 1st quarter 2009:
The real fraud here lies within the insider trading and "front running" of all this money at the point of execution for the huge market orders. The New York Federal Reserve executes these trades through their banking cabal conspirators called "Primary Dealers". By knowing the FED moves ahead of time and actually making the trades for the FED these insider banks have massively goosed their profits. Watch Alan Grayson accuse the General Council of the Federal Reserve of the illegal practice point blank.
This list is a "Who's Who" of banks that went from the brink of collapse only 1 year ago to making outrageous profits this year at the expense of the rest of us "unwashed masses". The majority of the large gains were categorized as "trading profits" in their rigged casino.
Just look at the stock prices of some of these banks from trough to peak over the term of this official manipulation:
Bank of America $2.53 - $19.10 increase of + 755% Goldman Sachs $59.13 - $193.60 increase of + 327% JP Morgan $14.96 - $47.47 increase of + 317% Citigroup $0.97 - $9.00 increase of + 928%
This would be bad enough if they only posted stock gains from our sorrow but the Banksters are now CASHING OUT of their stock ownership positions before these manipulated prices come crashing down!
Just look at the November “Insider Transactions” for the King of the Obama Administration insiders…Goldman Sachs.
The only question left is will these criminals get one last monster bonus check before they collapse the system? If they do get their final payout I guarantee you the majority of them will run to buy gold and silver bars before the fraud is revealed! These banks must be stopped in their tracks before bonus are paid.
CONCLUSION
This year we have witnessed first hand the problem with planned economies and free market manipulation. Tim Geithner, Lawrence Summers and Austan Goolsbee have tried to inflate a contracting economy by using massive manipulation and deception across all markets and have failed miserably. What they have done is further transferred the wealth of our nation from the poor and middle class to the rich bankers that caused the mess in the first place. What they will see very soon is the “blowback” from their market manipulation project with the total destruction of our global economic system.
The Obama Administration Economic Team should be tried in court by a “jury of their peers” for the high crimes of Free Market Manipulation and may god have mercy on their souls.
Do me a favor if you are reading this… Go to your local coin shop and buy as much gold and silver as you can carry because there is only one way for this massive market manipulation operation to end….BADLY!
May the Road you choose be the Right Road.
Bix Weir (see Trial Subscription offer below)
I'd like to extend a special invitation to all gold and silver bugs. For the past few years I have run a very private newsletter for followers of my Road to Roota Series. There were very good reasons to keep this newsletter private but I have decided to officially offer it to the public in a newsletter called the "Road to Roota Letters". This email based service focuses more on the conspiracy side of the gold and silver manipulation story without the constraints of generally accepted market views. The content analyzes the maneuvers of the banking cabal as well as the status of the return to the gold standard. Although this is a subscription only service, I am offering a FREE TRIAL to anyone who wants to receive it until January 1, 2010.
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