LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
International Forecaster October 2008 (#6) - Gold, Silver, Economy + More

By: Bob Chapman, The International Forecaster



-- Posted Sunday, 19 October 2008 | Digg This ArticleDigg It! | Source: GoldSeek.com

The following are some snippets from the most recent issue of the International Forecaster.  For the full 27 page issue, please see subscription information below.

US MARKETS

 

          Well, the Big Nine Banks came to Washington to be nationalized as Caligula's Administration of corporatist, fascist Bosch pigs forced them to issue preferred stock to the sheople taxpayers who have now became the proud owners of a portion of all the principal Illuminist bankster fraudsters, every one of them completely and totally insolvent, making each stock purchase a losing investment from the get-go.  What good is it, we ask, to own preferred stock, when the senior bondholders are on deck to get vaporized?  All these institutions had metaphorical guns to their heads as the Vizier of Wall Street, Prefect Hanky Panky Paulson, made offers to all of their CEO's that they could not refuse.

 

          The CEO's of the Big Nine were seen wandering around the White House grounds like a pack of squirrels, stuffing nuts into their cheeks that were thrown to them by Congressional morons and caretaker Prefect Paulson as they prepared to survive a long, cold winter.  Don't they look cute with all those nuts stuffed in their baggy little cheeks?  These injections are nothing more than the installation of shock absorbers so that, when the next round of losses, write-downs, failures, foreclosures, derivative blow-ups and a myriad of other terrifying economic news reek their havoc on the financial markets, the fraudsters will be able to survive a few more rounds before they finally succumb and have their inevitable meeting with a bankruptcy trustee, or more likely, with their new and future sole owner, the US government, as we continue on with our Bataan Death March to corporatist fascism, an Orwellian police state and a one-world government.

 

          Will any of these equity injections be used to grease the fractional reserve system to enable banks to make loans to the sheople taxpayers, as promised during the negotiations for the Paulson Ponzi Plunder Plan?  Of course not.  The FDIC is only going to guaranty interbank loans, so that the fraudsters will have a huge pile of taxpayer largesse to speculate with once again as they try to improve their balance sheets by passing money around to one another, while attempting to establish spreads that will take advantage of the new, and much lower, Fed funds rate of 1.5%, soon to be 0%, as we imitate the Japanese and their two-decade-long recession/depression.  All the sheople can expect to get is a good fleecing.  In any case, we ask, who in their right mind would continue to make consumer loans when the US and world economies are in a severe, collective, hyperinflationary recession that is headed for total collapse, deflation and the worst depression in all of world history?  Oh, sorry, we forgot.  We're not in a recession yet.  How silly of us, and how politically incorrect, to mention the "R" word, let alone the "D" word.  After all, wasn't it only several weeks ago that Caligula, Helicopter Ben and Vizier Hanky Panky were telling us that everything was hunky-dory, and that the economy was "strong" and "resilient?"  The three blind mice, who can't see a recession, now have zero credibility.  They should forget about giving press conferences, as these dog and pony shows only make matters worse, by revealing their proclivity toward pathological lying every time they open their mouths.  They have been lying for so long that perhaps they are starting to believe their own lies.

 

          Incidentally, according to Dr. Doug Lonnstrom of the Siena Research Institute in New York, 77% of New Yorkers now say the country is in a recession, and 59% think that we're headed toward a global depression.  Sounds like New Yorkers should be giving lessons on macroeconomics to the economists in the District of Whores and on Fraud Street.  It also sounds like we are starting to make some headway in our attempt to educate US citizens about what they are in for as the Illuminati weave their webs of deceit.

 

          So, if the sheople aren't going to get the loans they were promised, don't they at least get the benefit of the increase in FDIC coverage from $100,000 to $250,000 dollars.  Why yes, they have the unspeakable privilege of paying for all the losses that have been suffered by depositors of the fraudster banksters via hyperinflation and taxation.  What a boon to the sheople!  The truth is, this increase in the limit was an attempt to stop depositors from withdrawing money from weak banks like the fraudsters and putting them in sound regional banks in order to keep from going over the limits or to switch accounts altogether.  Also, our government was in-the-know about the coming guarantees of all domestic bank deposits that certain countries and central banks in Europe were about to announce, and that would have drained money out of the US banking system and into the European banking system.  Thus, the motivation had absolutely nothing to do with helping the sheople.  The entire Paulson Ponzi Plunder Plan was extorted from taxpayers for the sole purpose of benefiting the bankster fraudsters.  Period.  As a bonus, you also get to pay for all those FDIC insured interbank loans that the fraudsters will use to speculate with until they all go belly up.

 

          Note how the legislation was drafted in very general, very expansive terms, and how we suddenly morphed from purchases of toxic waste to preferred equity shares as Hanky Panky supposedly showed what a fast learner he was, and how flexible he was, by doing an about face after the bastion of financial acumen, the BOE, suggested this socialist proposal which they themselves were in the process of implementing on a much grander scale.  They don't mince around with their fascist takeovers in Jolly Old England.  They really go for the gusto in the UK!  The US Illuminists of course had nationalization by stock ownership on their agenda all along, but they did not want you to know that because that sounds like fascism/Marxism, like a Russian or Chinese command economy.  Welcome to the United Soviet Socialist States of America, or if you prefer, the People's Republic of America.  Either way, we are about to become a Banana Republic.

 

          Note how the EU Illuminists are using currency swaps with the Fed to fund a large portion of their bailouts.  They are swapping euros for dollars, and then pumping the dollars into their system to keep it afloat.  They can do this because the dollar is still the de facto world reserve currency.  By doing this, the EU elitists are parking their currency at the Fed so that they do not add these euros to their money supply, thereby aggravating already serious problems with inflation.  They are probably saying:  You caused this mess, so you can pump some of your currency in and share in the inflationary forces that will result.  Note also how the US Illuminists made sure they dumped their toxic waste on everyone else, some 75% of it.  This means that everyone has to bail out their financial institutions, and this ensures the destruction of all fiat currencies through hyperinflation, to pave the way for a new world currency which is already being discussed by the Illuminists as we write this article.  They made sure that no other currency besides the dollar could become dominant in the ensuing carnage.

 

         

          Gold and silver continue to be manipulated so that there is a dichotomy between the physical and paper markets.  This is due to SEC strong-arming by its ban on shorting of financial stocks, and the threat of extending that ban and the potential for requiring public disclosure of short positions.  This was done to remove specs from the COMEX and TOCOM by threatening to destroy their profitability in shorts, which is the only place you can consistently make big money under current market conditions.  The Illuminati also promised them huge profits with insider trading shorts in the general stock markets if they let the large commercials cover their long-term shorts.      This is why open interest has declined to such low levels.  Either the specs are leaving in disgust at the ludicrous manipulations, which are killing them with losses in the casinos, or they are insiders and are cooperating with the Illuminists in exchange for profits, shorting the financial stocks with insider trading information from the PPT.  Further, the US Mint, and other sources of retail gold and silver outside the US, continue to give bogus excuses for halting the minting of gold and silver bullion coins.  Retail product is running dry, not only because of demand, but because there is an Illuminist kibosh on smelters and dealers who depend on the flow of business from the Illuminist interests at the wholesale level to stay in business.  This bottleneck of retail supply is intentional, and is meant to keep metals available at the wholesale level for industrial users as well as for commercials that are shorting, leasing and covering positions on the major commodity exchanges.

 

          This bottleneck at the retail level, and the dichotomy between paper and physical markets is a serious issue, and perhaps even an existential one.  The gap must be bridged, and soon.  Whether there is some sort of arbitrage, buying wholesale and converting products to retail form to exploit the differential, or vertical integration by producers to connect them directly to the retail market by buying out or forming smelters and retail dealerships.  The danger here is that if the cartel is allowed to suppress the paper prices, and stock prices continue to be based on paper values, the producers, who are already cut off from credit by the credit crunch, will be unable to fund further operations without diluting themselves into oblivion.  This means that if the price is suppressed long enough, the big producers in the cartel, like Barrick, will be able to takeover the smaller producers at a small fraction of their value, or buy them up piecemeal when they go under due to the lack of capital.  And now Barrick can get loans directly from the Fed, which can give them billions in secured loans and commercial paper under the new Fed facilities that have been invoked under the emergency provisions of their charter.  This god-like power to create money, and to decide who gets it, has got to be stopped, but until that happens, our producers remain in danger of failing or being taken over under very unfavorable terms.

 

          You must support your producers, and they in turn must protect you by vertically integrating their operations. We must siphon off wholesale gold from the COMEX by direct purchases for cash or by diversion of producer output directly to retail markets.  While we all continue to think that a war, or a big run-up for greed and profits by the commercials going long, or some cataclysmic economic event like a surge in inflation may drive prices back up again, the Illuminati may have other plans. There is already evidence that they are putting wars on hold, such as Russia's agreement with Israel regarding missiles to Iran and the quieting of relations with North Korea.  Also, despite all the cataclysmic events that have just happened, prices have not budged, but have plunged instead.  The specs are out for the count, and the sovereign wealth funds may be cooperating with the Illuminists for fear of what will happen to their dollar reserves.  OPEC precious metal buyers and the Russians have been vaporized by the drastic decline in oil prices, and are in no position to get "cute" right now.  Further, inflation will take some time to manifest, and you saw how they manipulated official inflation figures down by hitting oil, food and other commodities, and by outright lying.

 

          Remember, the Illuminati have been hoarding gold and silver for centuries and have tens of thousands of tons squirreled away in secret locations throughout the world, especially in Switzerland and off-shore locations where citizens cannot grab the hoards if there is a revolution.  Do you also want to give them control of a large percentage of future gold and silver supplies as well?  You already know the answer to that question.  The more gold and silver that we the public own and control, the better off we will all be.  The time to take action is now.  This situation must not be allowed to continue.  We must keep the producers in it until the public gets a grip on the value of the precious metals and sends prices to the moon no matter what the cartel does.

 

          So which is it?  Head for the hills, according to paragon of virtue, Jim Cramer, or scarf up the bargains, according to Illuminist Warren Buffet?  These two are bouncing the public up and down for fun and profits for their Illuminist masters.  Why spend money on the repo pool when you can have Jim and Warren just give the word and move the markets up and down.  The insiders have all taken their positions, whether shorts or longs, through the dark pools of liquidity outside of public view, and are waiting to make a quick profit as soon as one these weasels opens his mouth.  Then they get out and leave you holding the bag.  Get out of the general stock markets, and stay out.  Take your proceeds and support your gold and silver producers instead.  They are at bargain levels right now.  Grab gold and silver bullion also, if you can find it without paying an arm and a leg for it.

...

THE INTERNATIONAL FORECASTER

SATURDAY, October 18, 2008  -  101808(6)_IF

P. O. Box 510518, Punta Gorda, FL 33951-0518

An international financial, economic, political and social commentary.

 

Published and Edited by: Bob Chapman

E-Mail Addresses:

international_forecaster@yahoo.com

if_distctr@yahoo.com

CHECK OUT OUR WEBSITE

www.theinternationalforecaster.com

 

1-YEAR $159.95 U.S. Funds

US AND CANADIAN SUBSCRIBERS: Make check payable to Robert Chapman (NOT International Forecaster), and mail to P.O. Box 510518, Punta Gorda, FL 33951-0518. Please include name, address, telephone number and e-mail address.

Or:

We accept Visa and MasterCard charges.  Provide us with your card number and expiration date.  We will charge your card US$159.95 for a one-year subscription.

 

You can email us in two separate emails (1- the Credit Card Number with full name, address and your telephone number and (2- the Expiration date on the card.

 

NON US OR CANADIANS SUBSCRIBERS:

Due to the time that it takes for your mail to arrive to us from a foreign country, we would like for you to email us as above the CC information in two separate emails.

 

Note:  We publish twice a month by surface mail or twice a week by E-mail. international_forecaster@yahoo.com or if_distctr@yahoo.com

 

RADIO APPEARANCES:

To check out all of our radio appearances click on this link below:

http://www.theinternationalforecaster.com/radio
-- Posted Sunday, 19 October 2008 | Digg This Article | Source: GoldSeek.com



Special Offer:
CGI Central - custom CGI and PHP scripts

** Receive an Introductory Copy of the IF -- Please Use the Form Below**

Required Fields marked with *
*Name
Please enter your first & last name.
*Email
E-mail where free issue will be sent


Please allow 24 hours for a response to your request.



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.