*The following is a new Road to Roota Series called “FRIDAY ROAD TRIP” that is sent out to Subscribers every Friday. It is a mind dump of gold/silver related issues and topics swirling around my head at the end of every week. For details on a free trial subscription to the Road to Roota letters (see below. ) Bix

Banking Crash Bonuses

It looks like the Banker Bonuses have risen 40% this year closing in on $50,000,000,000 due to the Banking Cabal/US Treasury/Federal Reserve market rigging operations. “Little Timmy” Geithner and “Liar Larry” Summers must be very proud of their feat. It is so outrageous that it is almost laughable as evidenced in the picture above. The mainstream media is talking about it, Washington is talking about it and the people on Main Street are screaming about it. 

But what are the bankers doing about it? How about a 79.9% interest rate!

http://www.huffingtonpost.com/2009/12/17/799-percent-interest-cred_n_396191.html

We the People are very close to the breaking point. One more banking slip-up, one more glitch in “the system” or one more “slight miscalculation” and you can kiss the fiat money system goodbye for good!

My analysis: THE STAGE IS SET FOR THE MONETARY CRASH BLAME GAME! 

I am truthfully on the edge of my seat these days looking for that single event that tips the apple cart over and we see the banking system completely fall apart. Signs and plans are EVERYWHERE! The latest is the refusal to allow Citigroup to repay their TARP money. 

http://online.wsj.com/article/SB126100573858094185.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop 

As discussed in last weeks Friday Road Trip, the TARP program was set up to re-capitalize the crooked banks AFTER the crash with new US Gold/Silver backed money.

I have been hearing that the problems at Citigroup are MASSIVE and most of the trouble lies in their “Special Purpose Entities”. These are Enron type, off balance sheet shell companies that are structured to be completely invisible to shareholders, investors, regulators, auditors, rating agencies…. EVERYONE! Supposedly, they were used by Citi to hide huge derivative bets that have gone so sour that Citi has become “Too Big To Bail”.  But like most banking cabal issues the Citigroup off balance sheet plays are VERY well known and have been publically discussed for years.

Back in 1986 an ex Citigroup employee wrote a book about it called “Off the Books: Citibank and the World's Biggest Money Game”. 

“A long, very detailed, and rather depressing narrative of the discovery and exposure of a questionable foreign exchange practice at Citibank, known as parking, by a Citibank employee, David Edwards. According to Hutchison, “parking" in other terms, the hiding of open positions from the authorities enabled Citibank to engage in unprecedented speculation." Hutchison recounts Edwards's efforts to notify his superiors and, finally, the Securities and Exchange Commission of his discovery, and Citibank's subsequent dismissal of Edwards and its attempt at a cover-up.”

Nothing ever changes in the banking/regulator cover-ups that plague our great nation.  I would venture to guess that Citigroup would be a prime bank candidate to be allowed to fail thus getting the blame for the total system meltdown. 

Gold/Silver Shakeout to BREAKOUT!

The latest gold/silver shakeout continues and it will only end when the banking cabal shakes the COMEX weak hands hard enough that they puke up their long positions. Once the maneuver is finished it’s BLAST OFF time for gold and silver.  Of course, the crack COMEX enforcement agency, aka the CFTC, continues to “see no evil” and stand out of the way while the banking crooks perform their illegal price manipulation maneuvers. Hopefully, this will be the LAST time we will witness this scam as the Wall Street Reform and Consumer Protection Act (H.R. 4173), has enough teeth to curtail, if not end, the manipulation of gold and silver once and for all. This is the banking cabals “last licks” before the markets crash and they are allowed to cash settle the remainder of their massive COMEX Gold/Silver short positions. 

If you have not bought your gold and silver coins and shoved them in your sock drawer by now it may be too late. When the first large bank falls there will be NO GOLD OR SILVER COINS for sale at any price. Are you ready? 

USA May “Go Rogue” Again

Most kids in America were taught that the reason we wanted out from under the rule of the British Monarchy was the exorbitant taxation by the King of England. In grade school we were told “EXCESSIVE TAXATION” was the impetus for the Boston Tea Party and then the American Revolution. That’s about where the US educational system ends in its feeble attempt to teach the youth of America about our early beginnings. 

In 1941, Congressman Charles Benderup gave a radio address where he told a much different story about the reasons behind our desire to be independent that focused more on the need to control our own money than on the tax issue. 

http://www.campaignforliberty.com/blog.php?view=15606 

Another account can be found here: 

http://www.ushistory.org/declaration/related/currencyact.htm 

“On September 1, 1764, the British Parliament passed the Currency Act, effectively assuming control of the colonial currency system. The act prohibited the issue of any new bills and the reissue of existing currency. Parliament favored a "hard currency" system based on the pound sterling, but was not inclined to regulate the colonial bills. Rather, they simply abolished them. The colonies protested vehemently against this. They suffered a trade deficit with Great Britain to begin with and argued that the shortage of hard capital would further exacerbate the situation.” 

In the 1700’s the Bank of England (run by the Rothschilds) controlled the money of the world with an iron fist. The American Revolution was just as much a revolt against the heavy hand of the Banking Cabal as it was to be a free and independent people. Today we have the exact same situation with the banks controlling our money except that which we use as money has been reversed.  Now the banks control the paper script and the people are trying to break the bonds of banker rule by turning to gold and silver! 

Ellen Brown explains how easy it is break the bankers control over a sovereign nations monetary system in her latest article: 

http://www.truthout.org/1216097 

I think it is highly likely that the USA will once again “Go Rogue” by defaulting on all debt and returning to a gold silver standard turning our backs on the monetary controllers and the rest of the world. One large bank failure or a derivative “accident” will destroy all paper and electronic debt assets reversing 100 years of wealth transference in a matter of days. 

Shame on you if you didn’t figure out that this was always the “end game” for the country that controls the worlds 1^st global fiat reserve currency. Who wins in a total debt default?... The country with the highest debt of course! Can you find the USA on this list?!

http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance

USA! USA! USA!

Paul Volcker Speaks Out…Right On Queue!

On November 20th I touched upon my theory I had that ex Fed Chairman Paul Volker is actually on the side of the Good-guys that are taking down the banking Cabal…

“Paul Volcker – It’s a long shot but I think he’s some kind of double/triple undercover secret agent who was on the side of the US people all along. Volcker taught the US how to control “floating currencies” in an un-backed fiat monetary system. I expect him to play a major role in the post crash recovery.”

http://news.goldseek.com/GoldSeek/1258733160.php

Right on queue, as if he had read my article, Paul Volcker attacked an audience of senior structured product bankers with a barrage of condemnations about their purpose this world:

“I mean: Wake up, gentlemen. I can only say that your response is inadequate. I wish that somebody would give me some shred of neutral evidence about the relationship between financial innovation recently and the growth of the economy, just one shred of information.”

“I hear about these wonderful innovations in the financial markets, and they sure as hell need a lot of innovation. I can tell you of two—credit-default swaps and collateralized debt obligations—which took us right to the brink of disaster. Were they wonderful innovations that we want to create more of?”

“How do I respond to a Congressman who asks if the financial sector in the United States is so important that it generates 40% of all the profits in the country, 40%, after all of the bonuses and pay? Is it really a true reflection of the financial sector that it rose from 2½% of value added according to GNP numbers to 6½% in the last decade all of a sudden? Is that a reflection of all your financial innovation, or is it just a reflection of how much you pay? What about the effect of incentives on all our best young talent, particularly of a numerical kind, in the United States?”

Just to put this into perspective… this structured products industry has built a $1.5 Quadrillion Dollar mountain of derivative sludge and Volcker told them that their industry's "single most important" contribution in the last 25 years has been the ATM machine! 

Watch for Volcker to be our new Treasury Secretary after the banking collapse.

That’s all I got for you this Friday. You might want to swing by the bank on your way home and load up a couple suitcases full of cash for the weekend.  Or, for a little entertainment, you can make some popcorn tonight and watch the “FDIC Bank Closures Announcement Show” that starts around 6pm Eastern Standard Time every Friday night. You never know...might be a “Blockbuster” tonight! 

May the Road you choose be the Right Road.

Bix Weir (for a free trial subscription email me at bixweir@gmail.com)

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. 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.

If you wish to receive this newsletter for the trial period email me at:  bixweir@gmail.com.

DISCLAIMER: The Road to Roota newsletter focuses on the conspiracy side of the gold and silver market without the constraints of generally accepted market views. Bix Weir and all those associated with this newsletter disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice offered. The user must accept sole responsibility associated with the use of the material offered, irrespective of the purpose for which such use or results are applied. The information offered is no substitute for financial advice.

-- Posted Friday, 18 December 2009 | Digg This Article