-- Posted Sunday, 10 August 2008 | Digg This Article | Source: GoldSeek.com
In what can only be described as the most obnoxious market manipulations of all time, the elitists have pulled out all the stops to give the stock markets their final "hurrah", while simultaneously producing the greatest precious metals and resource share bargains you could have possibly hoped for. Let 8/8/08 stand as a testament to the unmitigated gall and flagrant manipulation of markets by the President's Working Group on Financial Markets, known as the PPT, whose existence and 24/7 illegal intervention in every market on the planet, though unacknowledged by the Fed and our government, has now been confirmed beyond any reasonable doubt. Let history show that the blatant cheating and insider trading made possible by Reagan's Executive Order 12631, issued 3/18/88, which has now been pushed to the outer limits of market tolerance, stand as a testimony against the current Administration when the testimony from the trials and recriminations is adduced during the Very Large Depression to come, as an outraged America seeks vengeance for the financial thievery, devastation and deceitfulness wrought by the Illuminati's perpetration of the greatest financial criminality in the history of mankind.
How else can you describe a 1.285 rise in the USDX leading contract in one day from 74.725 to 76.010? How else do you describe gold and silver lease rates which have gone from already ridiculous levels that were a little above or below zero percent to massively negative rates of minus 2.3% to minus 3% in one day for all gold and silver lease rates regardless of the length of term? How do you describe an almost $5 per barrel decrease in the price of oil on the same day as all these other manipulations occurred, while the Dow climbs over 300 points in the face of losses from both Fannie and Freddie, which account for more than 50% of all residential mortgages in the US, that are triple the market's expectations? And was not gold $120 an ounce higher, and silver almost $4 an ounce higher, only 3 weeks ago? What has changed all of a sudden? Are we to believe that the price of oil is the be all and end all to financial markets? Is not oil still way north of $100 per barrel? Is there not a worsening credit crunch? Is there not a rapidly declining real estate market transpiring as we write this article, evidencing a decline, which shows no end in sight? Is not unemployment, even officially, at extremely high levels? Is not M3 still in the 16% to 18% range, thus continuing to lock in hyperinflation for years to come? Is not inflation running rampant worldwide? Is not US consumer spending experiencing negative growth when inflation is factored in? Are not corporate earnings abysmal? Are we not in a recession? Are losses from financial institutions in the trillions of dollars still not being hidden from sight by use of bogus "creative accounting" methods blessed by our corrupt regulators? Is there not a war in progress in the Georgian province of South Ossetia that could break out into World War IV, while the potential for hostilities around the world remain extremely high? We recoil in disgust at the heavy-handed manipulations being wrought by the Illuminist cartel to save the traitorous incumbents in Congress from getting a firm boot applied to their derrieres in November.
Why should gold go down if the dollar goes up? If the dollar goes up substantially, that means the euro is going down substantially, so gold should be exploding in the Euro Zone. If anything, a weaker euro should be more supportive of gold than a weaker dollar as there are just as many euros out there as there are dollars now, and because the people of Europe are far more attuned to the uses and purposes of precious metals than are their US counterparts. We sure hope the people in the Euro Zone loaded up on precious metals, which are now skyrocketing in their currency as the euro has gone from 1.60 dollars to 1.50 dollars in rather rapid succession. All fiat currencies will continue to lose against gold, including the dollar, so it is time to load up on the bargains you have been so graciously gifted with by your evil government and the Wall Street fraudsters!!! The Euro Zone is now in recession, and the ECB has just joined the Fed in a state of sublime irrelevancy and impotency as they now occupy the same box that the Fed is in and cannot get out of. The next rate moves from the ECB and the Fed will be down, after a period of no change. Real rates, on the other hand, will continue to move up as bank failures and rampant defaults on all nature of debt continue to grow geometrically. Oil, as we have said in the past, was being used as a counterweight against precious metals and we continually recommended shorting it to protect metals positions. Those who followed our advice are making a fortune. Obviously, many did not follow our advice, and now we see the open interest in gold futures drop to 376,797 contracts as a result. The specs just can't leave the casino alone, and continue to play against the unfavorable odds established by the owners of the casino, who are still the commercials, because the physical buying we have recommended has not happened like it should. Physical is the way to go, and sufficient physical buying will lead to shortages and a change of ownership in the paper casinos from the commercials to the specs. When, we ask, will this concept be grasped by the specs, who do not even hedge their positions with sufficient paper shorts, thus leading to their continual capitulations? Many specs are running out of time as their losses from toxic waste weigh on their existence, and yet they continue to allow the commercials to beat the snots out of them in this fashion. How stupid, and how unnecessary.
Professionals should short the Dow if it its crosses 12,000, increasing their in-the-money, long-term puts geometrically as the PPT continues the manipulated rise in stock markets to save incumbent scum. And the current bargains in precious metals, which are causing jewelers around the world to drool and salivate, should be glommed like there is no tomorrow, with the emphasis being placed on physical purchasing and possession. The window of opportunity should prove to be a short one. Instead of leasing precious metals for purposes of immediate resale like the idiot bullion banks who will eventually get caught with their pants down, why not lease and hold precious metals long term, enjoy the brandy new 2.5% to 3% payment from the central banks, which they will now pay you to relieve them of their bullion, and then make a fortune as gold and silver rocket skyward this fall and next spring? What a freaking deal!!!
Georgia has attacked Russian peacekeeping troops in South Ossetia. The Georgian troops accompanied by 1,000 US advisers, 1,000 Israeli advisers and 1,000 US Marines attacked early Friday. The force captured the capital of South Ossetia, Tskhinvali. Russian warplanes bombed the Georgian positions and airfields.
Russian President Dimitry Medvedev ordered the Russian Army to prepare for a national emergency after calling the UN Secretary Council into emergency session on Friday. Russian reinforcements were rushed to aid the peacekeepers. Georgian tanks entered the capital after heavy overnight air strikes in which hundreds of civilians were killed.
The incursion is really all about control over the pipelines carrying oil and gas out of the Caspian region. Western elitist oil companies, including Israeli firms want to route the oil routes out of the Caspian region from Azerbaijan and the gas lines from Turkmenistan, which transit Georgia, through Turkey instead of hooking them up to Russian pipelines.
Jerusalem owns a strong interest in Caspian oil and gas pipelines that reach the Turkish part of Ceyham, rather than the Russian network. The oil would then flow to Israel’s oil terminal at Ashkelon and on to its Red Sea port of Eilat. From there, supertankers can carry the gas and oil to the Far East through the Indian Ocean. We have been writing about this since 1991.
Last year, the Georgian President, Mikhail Saakashvili, a US puppet who won a rigged election, hired “private” Israeli security firms, over 1,000 of them, to train the Georgian armed forces in commando, air, sea, armored and artillery combat tactics, plus instructions in military intelligence and security. Georgia also purchased weapons, intelligence and electronic warfare systems from Israel.
When Moscow complained Israel told them to get lost.
Russia will move short-range missiles and bombers to the Polish border if Warsaw agrees to host elements of a US missile system on its territory.
The warning marks a further escalation in the diplomatic crisis between the US, UK, Europe and Russia. The missiles and bombers would be stationed in the west of Belarus.
The missile defense system would be to protect Europe from Iranian missiles, which is laughable. The target, of course, is Russia.
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-- Posted Sunday, 10 August 2008 | Digg This Article | Source: GoldSeek.com
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