-- Posted Friday, 22 January 2010 | | Source: GoldSeek.com
by Bix Weir
Friday Road Trip 1/22/2010
We have arrived at a point in our nation's history that will define how our future will unfold. There are now only two Roads left to take:
The First Road continues our relentless pursuits of power, control and manipulation that can only spell destruction in our future: destruction of our liberties, destruction of our prosperity and destruction of our moral compass. For too long our CONTROLERS have lied, cheated and stolen their way to the top only to discover that WE THE PEOPLE have been left behind in the process.
The Second Road completely destroys the global fiat monetary system erasing all forms of false wealth, false power and false governance. It is truly a Creative Destruction Event that has never been witnessed in the history of the world. All paper and electronic forms for wealth will evaporate in the blink of an eye completely leveling the playing field in order to rebuild our monetary structures from the ground up. It is a lesson to be learned the hard way but it is a necessary lesson in order to create a new future for our country. A future built on hard work, complete honesty and good will.
Our species and planet are crying out to be saved…the only question left is which Road we will choose.
Bank of England -- Families Face Years of Pain
Amazingly, right on queue, the good guys are coming out of the shadows to speak the truth to the people of the world. Here's the latest from the most unlikely of people…the Governor of the Bank of England, Mervyn King:
"The patience of UK households is likely to be sorely tried over the next couple of years," Mr King said, dashing hopes that Britain could recover quickly from the deepest slump in post-war history… "It is clear that inflation is likely to pick up markedly in the first half of this year, a message reinforced by this morning's news that CPI inflation reached 2.9 per cent in December. The rise in VAT back to 17.5 per cent means that CPI inflation is likely to rise to over 3 per cent for a while, or even higher for even longer were energy prices or indirect taxes to increase further."
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7030904/Families-face-years-of-pain-says-Bank.html
For the ESTABLISHMENT to finally admit the problems are massive is a clear sign the end game is upon us. The plan all along was to run the printing presses until they no longer served our interests… and we have arrived at that point. The tell tale signs are springing up everywhere.
As such, we will soon see the END of the long term manipulation of gold and silver...but be prepared for massive volitility in the process.
FDIC Has MANY Problems
The FDIC is in trouble. Unfortunately, they have modeled themselves after AIG in that they have insured Trillions of dollars of assets and have nothing to back it up with. The US Treasury has granted them a $500B line of credit but the Treasury is smacking up against the US debt ceiling. Sheila Bair has said publically that that "a few large banks will need to fail" but there is no money to bail them out.
Let's take Citigroup for example who just released their latest earnings disaster with a 4th quarter loss of $7.6B.
http://www.citibank.com/citi/press/2010/100119a.htm
Why in the world ANYONE would keep their money with this bank in beyond me, but they claim to have over $300B in FDIC insured deposits! And that's not all…. the FDIC has also Guaranteed over $300B in Toxic Asset Garbage owned by Citigroup! AND THAT'S JUST ONE BANK!!!
It's Friday again and I highly recommend watching the Friday Night Bank Failures for some high drama tonight. Here's the link:
http://www.fdic.gov/bank/individual/failed/banklist.html
JPM trying to Corner Physical Commodity Trading
There can be no doubt about it…JP Morgan is trying to take control of the entire global commodity complex which includes gold and silver. Their latest attempt at gaining complete control is their bid to take over RBS Sempra Commodities.
http://www.ft.com/cms/s/0/573d42aa-05c0-11df-88ee-00144feabdc0.html
For those who aren't familiar with Sempra Commodities, they are a major ring leader in the Banking Cabal's control of the LBMA gold/silver manipulation fraud. Here's their website and business model:
http://www.rbssempra.com/
"In precious metals, we have the depth of knowledge to provide a highly competitive service to major consumers, producers and other market participants. RBS Sempra Metals is a founder member of the London Bullion Market Association (LBMA) and a member of the London Platinum and Palladium Market (LPPM)."
Our services include:
Cash
Forwards
Averaging/over-the-counter (OTC) swaps
Options
Structured products
Leasing
Basically, Sempra rigs the LBMA much like JP Morgan rigs the COMEX/NYMEX. Notice the full array of gold and silver derivatives such as Forwards, OTC Swaps, Options, Structured Products and Leasing. Remember that according to the CFTC the LBMA is considered a "Physical Market" and the CFTC makes judgments on COMEX positions and price movements based partially on their understanding that the LBMA is THE gauge for the gold and silver physical markets.
Proof of this can be found in the May 2008 CFTC Report on Silver Manipulation:
http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/silverfuturesmarketreport0508.pdf
"Staff in 2004 also examined the relationship between NYMEX silver futures prices and cash market silver prices to determine whether NYMEX prices appeared to be unusually or significantly out of line with cash prices. The analysis showed that, during the period 2000 through mid-2004, the average price of silver on NYMEX was essentially equal to prices on the London Bullion Market (LBMA) and the U.S. cash market (Bloomberg composite). This analysis demonstrated that, whatever factors were impacting NYMEX futures prices, these same factors were also affecting the underlying silver cash market. Thus, the positions of short futures traders on the NYMEX did not appear to cause futures prices to decouple or move independently from the cash market."
I called the CFTC out on this bogus report in my Road to Roota Article:
CFTC: 6 Strikes and Yer Out!
http://www.roadtoroota.com/public/138.cfm
Let's not forget that JPM has the monster COMEX silver short position according to Ted Butler and at the same time is the "Custodian" of the iShares Silver ETF (SLV) which CLAIMS to hold over 300M oz of physical silver. Whether of not that silver is REAL .999 silver or some other form (can you say Tungsten Gold?) is a matter of debate.
JP Morgan is now taking over full control of the commodity trading complex.
WAIT: Obama has just proposed "new rules" and GUESS WHO he just consulted with…PAUL VOLCKER!
"The proposals, to be added to an overhaul of regulations being considered by Congress, would prohibit banks from running proprietary trading operations solely for their own profit and sponsoring hedge funds and private equity funds."
"While the financial system is far stronger today than it was one year ago, it's still operating under the same rules that led to its near collapse," Obama said at the White House after meeting with former Federal Reserve Chairman Paul Volcker, who has been an advocate of taking such steps. "Never again will the American taxpayer be held hostage by a bank that is too big to fail."
"The proposals could affect trading at some of the nation's largest banks, including New York-based Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co., said Frederic Dickson, chief market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon. Banks conduct proprietary trading for their own benefit, not for that of their clients."
http://www.bloomberg.com/apps/news?pid=20601087&sid=an1RUYC9UqAY
So the Battle for Control of the World has taken another turn on the Road to Roota!
The Tale of Two Economic Teams
That discussion leads me right into a discussion of Obama's 2 Economic Teams and how they might be situated to deal with different scenarios as they unfold.
Team #1 = The Market Manipulation Team
I have written extensively about Obama's current Economic team which includes Tim Geithner, Larry Summers and Austan Goolsbee.
US Operation Confidence Con
http://www.roadtoroota.com/public/149.cfm
Geithner Plan = Sustained Market Manipulation
http://www.roadtoroota.com/public/150.cfm
The Catastrophic End to Market Manipulation
http://www.roadtoroota.com/public/109.cfm
Basically, this team was put in place to continue the market manipulation practices of the past 40 years. With Geithner continuing the computer market rigging operations he headed at the NY Federal Reserve and the Summers/Geithner team spear heading the false market perception angle that both are experts in. Their theory is that Market Perception guides Market Reality and not the other way around. Of course the problem comes when the market stops believing the false hype, the false numbers and the false projections.
Unfortunately, we have arrived at that moment in time….ashes to ashes….
Team #2 = The Post Crash Recovery Team
I have talked a lot lately about Paul Volcker being on the side of the "good guys" who are taking down the banking cabal.
http://www.roadtoroota.com/members/126.cfm
http://www.roadtoroota.com/members/158.cfm
http://www.roadtoroota.com/members/165.cfm
I really stumbled upon hints of his involvement a few years back while analyzing another theory related to an article I will present in the next few months (it's not fully baked yet). Once I had him in my sights as a potential good guy EVERYTHING he has done in the past year has reinforced this theory.
Knowing that he is a good guy, it makes sense that he is in a position to pick up the pieces of our monetary system when the final monetary crash takes place…which is any day now. Just listen to Obama in yesterday's press conference…
"I'm proposing a simple and common-sense reform, which we're calling the 'Volcker Rule' after this tall guy behind me. Banks will no longer be allowed to own, invest, or sponsor hedge funds, private equity funds, or proprietary trading operations for their own profit, unrelated to serving their customers. If financial firms want to trade for profit, that's something they're free to do. Indeed, doing so--responsibly--is a good thing for the markets and the economy. But these firms should not be allowed to run these hedge funds and private equities funds while running a bank backed by the American people."
http://blogs.wsj.com/marketbeat/2010/01/21/obama-goes-long-volcker/
WOW! Does that mean that JP Morgan and friends are being told to STOP the rigging of the commodity markets? Only time will tell.
But all this reinforces my theories on Paul Volcker and the likelihood that the crash is about to hit. As a matter of fact, the title of Volcker's Economic Team is the "President's Economic Recovery Advisory Board" which should tell you something about what's about to happen!
I believe that Volcker and his team have been preparing for the implementation of the NESARA Act or some version thereof:
http://nesara.org/bill/index.htm
My Prophecy of a major January monetary collapse is looking a lot like a REALITY the closer we get to the end of the month.
Will Obama Whack Geithner and Anoint Volcker?
http://wallstreetpit.com/14709-will-obama-whack-geithner-and-anoint-volcker
Be prepared for the chaos to hit at any moment.
May the Road you choose be the Right Road.
Bix Weir (for subscription info: RoadtoRoota.com)
-- Posted Friday, 22 January 2010 | Digg This Article
| Source: GoldSeek.com
