-- Posted Friday, 14 January 2011 | | Source: GoldSeek.com
DEEPCASTER LLC
www.deepcaster.com
DEEPCASTER FORTRESS ASSETS LETTER
DEEPCASTER HIGH POTENTIAL SPECULATOR
Wealth Preservation Wealth Enhancement
“The Conservative (Canadian - ed.) government is set to announce a landmark security and trade deal with the United States, designed to create a perimeter around North America and allow people and goods to flow more freely across the border…
The U.S. announced a similar deal with Mexico in March. It included moves to expedite travel and commerce such as secure transit lanes for pre-cleared rail and truck shipments, as well as passenger pre-clearance for individuals…
The U.S. and Canada have taken piecemeal steps to coordinate their efforts against common threats like terrorism. Last year, Canada signed on to the NEXUS membership card and Free and Secure Trade (FAST) trusted traveller programs as a valid means of identification at the border. However, more sweeping agreements have foundered in the past, notably the Security and Prosperity Partnership agreement signed in 2005 by former Prime Minister Paul Martin, ex-U.S. President George W. Bush and former Mexican President Vicente Fox.”
“Tories to announce deal forming North America 'perimeter'”
John Ivison, Canadian National Post, 12/8/10
"Global Entry" is a U.S. Customs and Border Protection (CBP) program that has implemented a new Trusted Traveler Program (TTP). These travelers will be issued cards with a logo depicting North America as a continent, without borders to identify the United States…
The Global Entry website states, "Though intended for frequent international travelers, there is no minimum number of trips necessary to qualify for the program. Participants may enter the United States by using automated kiosks located at select airports."…
When you and I want to fly back and forth within the United States, we are subjected to a humiliating and time-consuming analysis by government employees. Our IDs are scrutinized, our kids are carefully looked over, and we have a choice of posing for a nude scan or having a stranger in a blue uniform put their hands on our private parts…
But Janet Napolitano and Barack Obama think it's a sign of hopeful change that millions of "frequent international travelers" from Mexico and Canada will be able to bypass lengthy security screenings and have a more open and welcoming travel experience here in the United States.”
E. W. Jackson, Sr., Executive Director, STANDPAC, 1/7/11
“The EU torture policy of thrusting yet more debt on crippled states already caught in a debt trap – and then forcing them even deeper into downward spiral with a 1930s policy of wage cuts and "internal devaluation" – is an intellectual disgrace.
Let it never be forgotten that Ireland and Spain are struggling because EMU caused a collapse in real interest rates to -1pc or -2pc, setting off an uncontrollable boom.” (Ed. Note: An object-lesson for those who would give up their National Sovereignty to Regional or Global Monetary, Fiscal, or Political Entities!)
“Self-righteous Germany must accept a euro-debt union or leave EMU”
Ambrose Evans-Pritchard, The Daily Telegraph, 12/19/10
“What should be permanently stamped in your minds is that the financial carnage we have experienced is the fault of the Fed and the financial sector and that same Fed bailed out the crooks and left the public high and dry with 22-3/8% unemployment and a shattered residential and commercial real estate sector that is still two years from the bottom and perhaps 30 years away from appreciation.
It is despicable for Mr. Bernanke to have insinuated he helped avert higher unemployed when it was the policy of the owners of the Fed and Wall Street and banking, which was the cause of the worst depression since the “Great Depression” of the 1930s. It should be noted that the end of the damage is nowhere in sight. Throwing trillions of dollars at a problem doesn’t solve it, and in this case will only make it get worse. In addition, trillions of dollars in wealth were destroyed and as a reward for their greed the Fed, which allowed the public to pay for the Ponzi scheme, protected the financial sector.”
“What should be permanently stamped in your minds is that the financial carnage we have experienced is the fault of the Fed.”
Bob Chapman, International Forecaster January 2011 (#1), 1/3/11
“The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising prices. It also uses its monopoly power to cause interest rates to go up or down, usurping the rightful place of the market and causing massive malinvestment and generally an improper and unproductive allocation of resources…
The Fed also causes the boom-and-bust cycle through its manipulations of the currency and credit supply. It serves as the government’s partner in perpetually expanding the “welfare-warfare state,” allowing the state to spend far more than it could ever hope to reasonably raise through direct taxation. And of course, the fact that all Federal Reserve notes enter the economy as debt with interest attached (but never created) has led to a situation where it is literally mathematically impossible to pay off the debt. In sum, the consequences of such a system have been disastrous for average Americans — hence the growing calls to audit and even end the Fed…
But now, imagine such a system at the global level. And it isn’t just a mental exercise; the global central bank is already emerging. As bad as the Fed has been for America — and indeed the world — a similar system at the international level would be far worse. Disaster might even be an understatement…
International Liquidity and Inflation
One of the most serious threats posed by a global central bank and world fiat currency is the fact that it would allow the emerging planetary regime to print its own money and finance its activities independently. That means wealth could be secretly siphoned away from all of humanity to pay for armies, tax collectors, courts, bureaucracies, law enforcement, wealth redistribution, propaganda, and much more. With no limits. But to advocates of such a system, that is one of its primary benefits…
It is ironic that the likely imminent collapse of the world’s current fiat “reserve currency” is being used as an excuse to implement a global fiat currency. But it is extremely serious. Escaping the elites’ clutches would become almost impossible as wealth is steadily transferred from humanity to the banking oligarchy and its ever-expanding global government. And so the scheme must be prevented.” (emphasis added)
“The Emerging Global Fed”
Alex Newman, thenewamerican.com, 9/16/10
“Fifth, the G20 should complement this growth recovery programme with a plan to build a co-operative monetary system that reflects emerging economic conditions. This new system is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalization and then an open capital account.”
World Bank President Robert Zoellick, Financial Times, 11/7/10
Several Commentators have expressed astonishment in recent years about the blatantly Economy and U.S. Dollar Destructive policies of The Fed, typically posing the question “How could The Fed be so Stupid, Incompetent, etc?” Former Deutsche Bank Chairman, Dr. Kurt Richebächer, R.I.P., was a leader in articulating devastating critiques of Fed policies.
These commentators rightly point to the Internet Bubble and Housing Bubbles whose formation was facilitated by sure-to-fail Fed Policies including far-too-easy credit, for example.
And now we and many of these same commentators legitimately point to the Sovereign Debt and U.S. Treasury Bond Bubbles which have resulted from Fed and allied Central Bank Policies, including Q.E., as additional examples of The Fed’s (and associated Cartel* Mega-Banks) destructive Policies.
And the Eurozone Mega-Bank Globalist Elite appears to be following the same program as The private for-profit Fed, as manifested in driving Ireland (and Spain) to the wall through their negative Real interest rate policies, (then “rescuing” them with even more debt owed to the Mega-Banks) as Ambrose Evans-Pritchard points out (see above).
But these policies are no surprise to us or to savvy writers Harry Schultz and F.W. Engdahl (see below), because the weight of the evidence increasingly indicates that these destructive actions have been planned and implemented to enlarge Mega-Bank Power and Wealth via what we call The Cartel* ‘End Game’.
Consider the following observation by Harry Schultz:
“…what is the reason for this “seemingly random monetary mess that multiplies its momentum every day? The answer, in one word, control. The elite/insiders already have control of the financial system, but they wanted more, much more…and it was not random, it was planned.” (emphasis added)
“How will all the above manifest itself in your life? The answer: “All you own will shrink...your income, assets, net worth, will shrink year after year in real terms inflation adjusted and possibly also nominally.”
HS Letter, April 27, 2008
Harry Schultz, Eminence Grise of the Newsletter writing Fraternity sees the Threat to Profits and Wealth posed by the Fed-led Cartel* quite clearly.
The Cartel* ‘End Game’, as Deepcaster has named it, apparently involves Stealthily transferring ever more Wealth and Power to The Cartel at the expense of Investors/Citizens around the world. (For more details, see “Coping with the Superpower Cartel Threat” (1/30/09) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com.)
In this connection we must consider F. William Engdahl’s contention that the 2008 Credit Crunch and Market Crash were planned: “…in every major U.S. financial panic…the titans of Wall Street…have deliberately triggered bank panics behind the scenes to consolidate their grip on U.S. Banking…”
As background to understanding the ongoing implementation of the Cartel’s Interventional Regime and “End Game” consider Engdahl’s position:
“…in every major US financial panic since at least the Panic of 1835, the titans of Wall Street – most especially until 1929, the House of JP Morgan – have deliberately triggered bank panics behind the scenes in order to consolidate their grip on US banking. The private banks used the panics to control Washington policy including the exact definition of the private ownership of the new Federal Reserve in 1913, and to consolidate their control over industry such as US Steel, Caterpillar, Westinghouse and the like. They are, in short, old hands at such financial warfare to increase their power.
Now they must do something similar on a global scale to be able to continue to dominate global finance, the heart of the power of the American Century.
That process of using panics to centralize their private power created an extremely powerful concentration of financial and economic power in a few private hands, the same hands which created the influential US foreign policy think-tank, the New York Council on Foreign Relations in 1919…”
“Behind the panic: financial warfare over future of global bank power”
F. William Engdahl, October 10, 2008
Consider the implications of the F. William Engdahl quote regarding “global bank power.” As Engdahl points out, the evidence is increasing that the recent financial panic and economic distress is and has been pre-planned as a part of Cartel Strategy to increase power and, in our view, to implement its “End Game.”
In light of these considerations it is not surprising that the Mega-Banks were the first to be Saved in the 2008 financial crisis. That is, a Major Negative Consequence of the Fall, 2008 Market Crash was a Taxpayer Funded Financial bailout of several Key Mega-Banks. Yet the Bailouts allowed them to move on to subsequent great profitability.
Consider the case of Goldman-Sachs. Not only did Goldman receive billions in TARP funds (subsequently repaid) but they also received $11.9 billion via the AIG bailout, without having to take any ‘Haircut’ on their debased Assets.
One result was that Goldman survived and reportedly has paid an average of $500,000 plus to each employee in compensation.
Meanwhile, the U.S. Consumer/Taxpayer and often Investors/Mortgage Holder who is 70% of the U.S. Economy is left with Greater Debt (to fund the Bailouts) and interest payments on that debt to the private for-profit U.S. Federal Reserve. Goldman et.al, but for the bailouts, would have collapsed. But the U.S. Consumers-Taxpayer and Small Business Owners, however, have not been “saved” at all.
One, of several, manifestations of this ‘End Game’ is The Globalists Elites Push for Regional Entities (e.g. the Eurozone, North American Union, and, now, the FAST/TTP/Global Entry Programs for the Mexico/USA/Canada Borderless Regional Entity described above) and Currencies, and, ultimately a Global Currency, which they would control for their own benefit. Of course, this would ultimately entail the destruction of the U.S. Dollar as the World’s Reserve Currency, and the Destruction of other National Currencies and National Sovereignties as well.
Indeed the (World Bank President) Zoellick as quoted above, already assumes the U.S. Dollar will be destroyed as the World’s Reserve Currency and supplanted by a “5 Currencies” Currency.
So the question is: Do investor-Citizens in Sovereign Nations around the World want the Economic, Political, and Personal Freedom of National Currencies whose viability could be secured by being linked to Gold – ‘Gold-Freedom’ we call it—or will they submit to Subservience to Unaccountable Global Mega-Bankers via a “Global Currency” and Regional Political, Economic, and Monetary Entities?
Our term “Gold-Freedom” has a dual significance.
It not only means the recently increasing freedom of the Gold (and Silver for that matter) Price to rise without effective Cartel* Price Suppression. (For details regarding the Ongoing Cartel Gold and Silver Price Suppression Scheme, see the Articles cited below.)
But perhaps even more important, it means the preservation and enhancement of the Freedom of Investor-Citizens around the world who own Gold, to minimize the Freedom-obliterating Effects of the Ongoing Cartel* ‘End Game’, and, indeed, to profit.
When Deepcaster first started writing about the Cartel* ‘End Game’ a few years ago, some were skeptical, a few, outright disparaging.
Not anymore!
Perhaps that is because it is increasingly obvious ‘The End Game’ is already being implemented. A Key Component of that ‘End Game’ has for years been, and still is, The Cartel’s ongoing Regime for Suppressing Precious Metals Prices.
*We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.
The Cartel attempts to suppress Precious Metals Prices because increasingly widespread recognition of Gold and Silver as the Ultimate Stores and measures of Value, tends to delegitimize The Cartel’s Treasury, Securities and Fiat Currencies, thus diminishing Cartel power.
But, simultaneously, Gold and Investors in Gold (and Silver) have been fighting back, fighting ultimately, not only for profit and protection but also for their economic, political and personal freedom, and increasingly effectively.
And while both sides continue to win battles, the outcome of this Very Important War is yet to be determined. But the Battles are quite important.
For example, GATA, Deepcaster and Others have widely publicized reports that certain Cartel-linked Major Gold (and Silver) Repositories and ETF’s may not have the actual Physical Metal they say they do (the physical metal having been sold into the Market to help suppress the price). This has led to a skyrocketing demand for Delivery and Possession of Physical. Gold and Silver, with consequent upward pressure on the Precious Metals Prices.
In sum, notwithstanding ongoing Cartel Price Suppression Attempt, Gold (and Silver) has moved to record nominal highs.
Thus the Key Question is: Has The Cartel lost control of Gold and Silver prices? Or, if not, is it about to?
Since we last wrote there has been a remarkable upsurge in (wise) Buyers demanding Delivery of Gold and Silver, and especially Delivery of Silver from the Comex.
Because Precious Metals Investors are increasingly demanding Delivery and Possession of Precious Metals, and are no longer satisfied with the Paper Promises of certain ETFs and Ostensible Repositories, Gold and Silver have been trading at or near record highs lately.
In sum, the Cartel has reached a Climacteric in the Form of a Silver and Gold SHOWDOWN.
Indeed, this SILVER (and Gold) SHOWDOWN is reflecting a serious CRUNCH for the CARTEL. The prices of “Paper/Electronic” Securities and Certificates of Precious Metals Ownership are relatively easy to manipulate. BUT, Prices for the Physical Metal are much tougher to manipulate, especially in light of Gold-and-Silver-price-positive developments.
Nonetheless, we expect The Cartel to continue to launch Takedown Attacks on Gold and Silver including a Major One soon. The success of these attacks are increasingly problematic for The Cartel, however.
The Cartel has not been in so tough a position in many years.
We reiterate the key point that Revelations that Major Repositories may not have the Metal they say, have caused Major Buyers to demand Physical and Delivery thereof. Wiese investors should take note.
The Cartel is losing Clout…but it still has some.
So we reiterate also:
Fundamentals and Key Technicals all argue that Gold and Silver Bullion and the Mining Shares should continue to launch higher, much higher, and soon.
Indeed Gold Bullion should continue to explode upward from here ($1380ish as we write) to at least $1435ish, its next Major Technical Target, before even a pause, and then to move beyond.
And Key Technicals and Fundamentals signal that Silver Bullion and Shares should also explode upward well over $30/share even more vigorously than they have recently.
Indeed, the Only Reason for Gold or Silver to Chop Sideways or Decline in the next few weeks, would be successful Cartel Interventions.
In sum, our view is that although The Cartel has been significantly weakened in recent months, it has not been entirely vanquished.
Consider that if The Cartel had been entirely vanquished Precious Metals Prices would already be much higher than they are now. (The all time high (1980) Gold Price adjusted for Official inflation is about $2,400/oz. Adjusted for Real Inflation, it should be about $7,700/oz.)
For Deepcaster’s latest Forecast regarding Gold and Silver prices, see his latest Alert in the ‘Alerts Cache’ at www.deepcaster.com.
Whatever the near-term future for Gold and Silver bullion and share prices, the Macro-Battles continue.
One of several Arenas reflecting ongoing implementation of The Cartel ‘End Game’ is the battle over the Ultimate World’s Reserve Currency.
Thus U.S. Dollar is still that Reserve currency, but its Role is increasingly under attack.
For example, a few years ago the Globalists launched a (now-failed) attempt to supplant the U.S. Dollar with the Amero.
However, the failed attempt to launch an “Amero” (the Cartel’s desired Currency for a Merged Mexico, the U.S. and Canada) has refocused the Globalist’s emphasis to creating a “Banco” as an outgrowth of the De facto World Currency which already exists – IMF-SDR’s. And Globalist Zoellick has also supported a World Currency as, initially, an amalgam of 5 Currencies (see above).
Alex Newman (above) details several deleterious effects the adoption of a Global Currency would have on freedom and sovereignty and economic well-being of Investor-Citizens around the world.
But instituting a Global Currency is but one of several aspects of the Cartel End Game. For a detailed description of other Aspects, see Deepcaster’s June, 2007 Letter “Profiting from the Push to Denationalize Currencies and Deconstruct Nations” and its August 13, 2006 Alert “Massive Financial-Geopolitical Scheme Not Reported by Big Media” posted in the “Archives” at www.deepcaster.com. Fortunately, a Bill was introduced in a recent session U.S. Congress (H. Con. Res. 40), which opposes this nefarious scheme.
So how can Investors-Citizens Protect and Profit from, and ultimately defeat, this End Game?
We Citizen-Investors now have a unique Opportunity to not only make an investment which will enhance our wealth protection and profit maximization efforts, but also to “vote” with our investments for our own economic, personal, and political freedom.
Our Primary Investment “Vote” should be for the Ultimate Monetary Metals Gold and Silver: Buy Physical any time (but the form of physical matters – see our recent Alerts), and quality Gold and Silver Mining Shares on the Dips.
As to surmounting the ‘End Game’, consider these Guidelines:
Strategy for Identifying Opportunities for Profit and Protection in light of The Cartel’s End-Game
With Monetary and incipient Economic Hyperinflation and Equities Markets Deflation looming in our Future, most Equities Market Opportunities will be on the short side as we move further into 2011.
But further Equities Markets Take-downs should provide Magnificent Buying Opportunities in Key Sectors.
Above all, superb Opportunities will continue to exist in Gold and Silver and we urge Gold and Silver Bullion and Mining Shares Purchases. However, unfortunately, Protection and Profit in the Precious Metals does not reliably lie in Straight-out Precious Metals Purchases or Mining Shares Purchases (i.e. without regard to Timing or Asset Form). Indeed maximizing Profit and Protection via Precious Metals purchases, or indeed in the general Equities Markets, requires a Strategy.
- Make decisions based on Real Data, such as that provided by shadowstats.com, gata.org and deepcaster.com, not on bogus Official Statistics. See Deepcaster's articles: "Opportunities to Profitably Escape Paper "Wealth" into 2011" (10/7/10) and “Surmounting Deception, Distortion & Intervention” (7/17/2009) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com.
Shadowstats.com calculates the Real Numbers for the U.S. the way they were calculated in the 1980’s and 1990’s, before systematic Official Data Distortion and Interventions began in earnest.
Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)
Annual U.S. Consumer Price Inflation reported December 15, 2010
1.14% 8.54% (annualized November, 2010 Rate)
U.S. Unemployment reported January 7, 2011
9.4% 22.4%
U.S. GDP Annual Growth/Decline reported December 22, 2010
3.25% -1.44%
U.S. M3 reported January 8, 2011 (Month of December, Y.O.Y.)
No Official Report - 2.80%
Hard Assets Partisans have the opportunity to become involved in Political Action to diminish the power of The Fed-Cartel. It is truly outrageous that the average unsuspecting citizen, and prospective retiree, can and does put his hard won assets in Tangible Assets and/or Retirement Accounts only to have those assets effectively de-valued by Cartel Takedowns, U.S. Dollar Devaluation and other Cartel actions. This is extremely injurious to many average citizens in many countries who are saving for the rainy day or retirement and have their retirement and/or reserves effectively taken from them.
Best regards,
Deepcaster
January 13, 2011
-- Posted Friday, 14 January 2011 | Digg This Article
| Source: GoldSeek.com
