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International Forecaster March 2009 (#1) - Gold, Silver, Economy + More

By: Bob Chapman, The International Forecaster



-- Posted Wednesday, 4 March 2009 | | Source: GoldSeek.com

The following are some snippets from the most recent issue of the International Forecaster.  For the full 31 page issue, please see subscription information below.

US MARKETS

 

          For once we can thank the criminal miscreants in the gold cartel for all their suppressive efforts.  As they buy time for themselves so they can bail out of dollar-denominated paper assets and roll the proceeds over into gold, silver and other real tangible assets on the cheap via the scheme we have referred to often as the Big Sting Two, they are also letting everyone else in the general public have more time to learn about gold and silver while precious metals are still affordably priced.  These financial sociopaths are giving newsletter writers like us, and the hard money community in general, more time to educate the public about the nature of money, about inflation and about what they can do to protect themselves and their financial future with gold, silver and their related assets.  In the end, their criminal enterprise will turn out to be self-defeating. 

 

          The more gold and silver the public has a chance to acquire in order to protect themselves against the corrosive effects of hyper-stagflation and a high risk financial environment, followed by the devastating impact of deflation and depression, the more people there will be to fight effectively against the move toward world government as the elitists destroy the world economy to pave the way for their One World Disorder.  The more gold and silver we, the general public, own, the less power the elitists will have over us as the world financial system unravels and these fiends attempt to enslave us in a one-world police state which they intend to create out of the ensuing social, political and financial chaos.  What they will get out of the ensuing chaos is violence, social upheaval and revolution, followed by trials, recriminations, confiscations of their property and striped suits.  Many who committed the most egregious and seditious acts, such as the perpetrators of the 911 inside job masterminded by the Puppet Masters of our shadow government, as well as those directly responsible for the debasement of our currency, which are both capital offenses, may well end up "swingin' in the breeze" for high treason.

 

          If the public is in need of hangmen, we will gladly volunteer our services to pull the pins on the trap doors to ensure that these malevolent, megalomaniacal miscreants receive their final comeuppance.

 

          Rest assured that these miscreants already own, and are acquiring with great speed, ever greater private reserves of gold and silver in all forms, because they, of all people, know that gold and silver are the only real money in a world full of "worthless paper," paper which they themselves created in order to rip off the hard-working masses.  By various methods of fraud and deceit, they are using fiat currencies to pilfer the wealth, which the common folk have earned with their blood, sweat and tears.  As Dr. No, Representative Ron Paul, said recently: "It's immoral to transfer wealth from the productive to the non-productive members of society."  But that is precisely what these lazy louts intend to do to you if you allow them to.  Incidentally, they are only lazy when it comes to earning an honest living.  When it comes to plundering and raping the public through criminal enterprise, they are anything but lazy.  Don't be lazy louts like them when it comes to earning honest gains via gold, silver and their related assets.  You must buy precious metals to protect yourself, along with freeze-dried food, water filters, weapons and ammunition, and keep buying them until you run out of resources as the economy goes belly up.  These are your only salvation aside from God Almighty Himself, and He also expects you to take action and prepare for what lies ahead.

 

          The ability to have a big rally and final blow-off top in the stock and bond markets to complete the Big Sting Two is now impossible.  There isn't enough fiat paper in the world to rescue the system, whether currently in existence, or yet to be monetized and printed.  Deflationary forces are now too powerful to allow for such a thing.  They can never get the Dow back to 14,000.  The abysmal earnings of companies that are currently producing a GDP of minus 6.2% annualized could never justify such a rally.  And earnings are only going to get worse as the Much Greater Depression progresses.  The so-called stimulus will stimulate nothing but hyperinflation, and will be followed by other, even larger, stimulus packages, which will produce the same results.  The stimulus package passed during the Caligula Administration, which was an equally pathetic exercise in pork spending, with mere table scraps being thrown to the middle class dogs, was also a failure.  We are now engaged in necromancy under Emperor Nero as we attempt to reanimate and communicate with the walking dead elitist financial institutions of the Illuminati by offering taxpayer sacrifices (aka bailouts) to Satan and his minions among the satanic, Illuminist trillionaires, while starving the healthy and more honest banks and business corporations of the capital they need to survive via the so-called credit crunch.  The term "credit crunch" is now really just a euphemism for the cutting off of credit from the honest and healthy while it is lavished on the flesh-eating, bankster-gangster zombies as they devour their succulent taxpayer victims and their even tastier business competitors.  In the evil, twisted, perverted world of the Illuminati, nothing succeeds like failure.  Just ask all the Illuminist CEO's who took down ten of millions from companies, which they destroyed intentionally through both malfeasance and fraud.  Or ask the criminals who get fined by the SEC in amounts that are miniscule in proportion to the funds stolen while totally avoiding any jail time.  

 

          Also, another major problem with orchestrating such a rally is a factor that has arisen due to unforeseen circumstances that the masters of the universe neglected to consider.  The carry trade has been destroyed by a yen supercharged with an overdose of testosterone.  This has destroyed the Japanese economy, whose exports are now uncompetitive due to the much stronger yen.  We told you that Japan would lead the world down the financial toilet bowl when this happened, as the Yen Death-Star detonated, and just as we predicted, Japan's export based economy is leading the pack into financial hell.  This happened when the elitist scum brought us down to zero interest rates.  Many are not aware of the immense amount of money which the Japanese public had purchased in the form of US treasury bonds to get the higher returns which such bonds offered compared to the low Japanese interest rates that resulted from the moronic economic policies which were implemented by Japan during its "Lost Decade."  When shorter term US treasury bond interest rates dropped to near zero on US treasuries as investors fled in terror to treasuries and as zero interest rates were implemented by the Fed to maximize spreads for its member banks, most of these bonds were liquidated by the Japanese, who used the dollar proceeds to purchase yen so they could earn the higher miniscule rates available in their own currency, which they now trust more than the dollar.  This is what brought the yen from 110 yen per dollar in August of last year, to below 90.  The carry trade was destroyed in the process, and the Dow followed suit, dropping from 11,700 in August of last year down to the present 6,700.  Also, the Japanese stock market has dropped to a 25+-year low.  Recently, the yen has weakened from 89 to 98, but the markets are not responding, and are in fact deteriorating further.  Instead of a weaker yen driving markets up, the weaker markets are driving the yen down.  The yen is now weakening due more to liquidations of foreign stocks denominated in yen being rolled into the falsely perceived safe-haven of dollar-denominated US treasuries, than to interventions by Japanese bankers.  The carry trade was destroyed, and due to the credit crunch, it cannot be resurrected to anywhere near where it once was, although the elitists will attempt to bring it back for the final rally as best they can.

 

          So that means the Big Sting Two may have to be accomplished using a different strategy.  They could first short the markets and allow them to crash under their own weight by withdrawing their manipulative support.  They could then buy in again at the bottom, and drive the markets back up to somewhere in the 6,000 to 8,000-range.  After all, you make as much profit shorting the Dow from 7,000 down to 3,000, and then going long as the markets are rallied from 3,000 back to 6,000, as you would make by taking the Dow from 7,000 all the way back up to 14,000.  They get in and out of their investments by using unregulated, opaque markets, that operate behind the backs of the public and market regulators, so that the prices move very little as a result of their investment activity.  These unregulated markets are the dark pools of liquidity known as Project Turquoise and Baikal, along with the OTC derivatives market.  Then the public trading starts after insiders have loaded up behind everyone's back, and the PPT moves the market in the pre-determined direction that has been divulged to privileged insiders among the Illuminati.  This is how the pre-informed insiders clean house.  Anyone who tries to mimic or chase them will get annihilated.  If they sense that people are on to their scam, they will have the PPT violently gyrate the markets, causing huge losses and margin calls for the non-insiders, especially those who suicidally use leverage.  The elitist insiders avoid these losses because they are told precisely how and when the markets will be gyrated to shake out the non-insiders.  As usual, they get the gold mine, you get the shaft.

 

          Elitist manipulations will continue to cast a shadow on precious metals markets until one or a combination of the following things occur:  (1) The CRIMEX gold and silver cupboards are emptied and force majeure is declared due an inability to deliver under the terms of futures contracts.  (2) US treasuries are downgraded due to deteriorating conditions in the US economy that produce budget shortfalls on account of profligate overspending, lost tax revenues and/or burgeoning trade deficits.  Such an event would produce a mass exodus out of the second-last safe-haven (treasuries) into the last and ultimate safe-haven, and that is gold. (3) The dollar collapses on account of hyperinflation caused by governmental profligacy, the creation of tens of trillions of dollars out of thin air to fund bailouts and stimulus packages, and the failure of such efforts to revive the economy, which will certainly be the case.  Also, any attempt to re-inflate the bubble economy by pumping up money and credit through a restart of lending via fractional reserve banking would of course be a contributing factor as inflation would eventually rise to new highs as a result.  The collapse of the dollar would drive interest rates into double digits to properly adjust rates of return against actual risk and this will in turn destroy the market for US treasuries.  Also, these rising interest rates would place the real estate markets in a cryogenic state while igniting a thermonuclear meltdown of hundreds of trillions in interest rate swaps, thus causing massive real estate and derivative losses worldwide and an equally massive flight to gold, the last safe-haven.  (4) The Big Sting Two is completed and the proceeds are rolled over into precious metals, as well as other commodities and tangible, real assets.  In other words, the elitists will stop their suppression and become gold bugs like you.  This flimflam operation would be accompanied by foreign purchases of assets in the US using dollar forex surpluses and this would create Weimar-like hyperinflation that would ignite gold and silver.

 

          As long as the hard money community continues to invest in paper gold and silver such as ETF shares, mint certificates and futures contracts, the rise of gold and silver will be greatly subdued until one of the triggering events listed above occurs.  Physical off-take is the key to unlocking big profits in gold and silver.  These paper investments are not producing as much physical off-take as people think because the sponsors of these assets are lying about their physical bullion inventories, or have leased them out or otherwise encumbered them, sometimes backing the gold and silver they have leased out with other paper gold and silver assets that may also have false backing.  The fact that the sponsors of the major gold and silver ETF's, GLD and SLV, are two of the most notorious Illuminist-controlled banks, HSBC and Barclays, should tell you everything you need to know about the ETF's and what they are really all about, namely, the preservation of CRIMEX precious metal inventories and the diversion of investment money from resource stocks to destroy their market values so the Illuminati and firms like Barrack Gold can scarf them up at pennies on the dollar, thus controlling not only existing gold and silver bullion above ground, but also gold and silver ores below ground.  The ETF's sponsors could be leasing precious metals directly to the CRIMEX for purposes of making deliveries for all we know.  Investment in ETF's may turn out to be a Ponzi scheme, and we believe they are using your own capital against you by using that capital to purchase gold and silver which is then used for suppressive purposes of the Illuminati, like a bullion or central bank would do.  Talk about shooting yourself in the foot!  The worldwide orchestrated mint cutbacks in production and delays of delivery are also meant to help prevent wholesale gold and silver inventories of the CRIMEX from being bought out to produce coins, rounds and bars.  ETF shares are also being naked-shorted to keep values in line with bogus CRIMEX values for precious metals.  The bottom line is, you need to pay for and take delivery of your gold and silver, and store it in your safe at home.  Period.  GET A CLUE, PEOPLE!!!

 

          The dollar is rallying to new heights based on the latest market crashes, where foreign stocks are being liquidated and converted into US treasuries as a perceived safe-haven.  This is only slightly negative or neutral as far as gold is concerned.  The safe-haven and store-of-value features of gold are now its main drivers and support.  Jewelry demand is now secondary.  Everyone knows that the dollar rallies are bogus, and that any time the dollar rallies under the current economic circumstances is a sign of some really bad things happening.  The dollar has now become an alarm bell for financial mayhem just like gold.  They may even move together for a time until hyperinflation destroys the dollar a little further down the road, leaving gold the only asset and safe-haven standing.   

 

It has only just begun. An international crisis of monumental proportions and none on the planet will be spared hardship. What the power behind the scenes has created is going to touch every one of us. The heart of the crisis lies in America and secondarily in Europe.

 

There is certainly no question that the crisis began in America. You might say August 15, 1971 was the beginning of the beginning. On that day the US government closed the gold window and the dollar became a fiat currency. Since then matters financial and economic have stumbled from one building crisis to another.

 

The dotcom craze ended a six-year era of market madness only to be followed by the artificially created real estate bubble. America, or should we say, the Federal Reserve, banking and Wall Street gave us, subprime and ALT-A loans and securitization in the form of collateralized debt obligations. The resulting fallout included the demise of Bear Stearns, Merrill Lynch, Lehman Bros., Washington Mutual, IndyMac, AIG and numerous others. As we have pointed out before almost all the major banks and brokerage firms and some insurance companies are insolvent. That is why Citigroup and Bank of America will probably be merged and Wells Fargo will be thrown in for good measure.

 

The dislocation caused by these events has disrupted the entire financial and economic world. Again, what we find very curious is that there has never been a civil or criminal action against any of the raters or syndicators of these deliberately overrated securities of toxic waste. Sixty percent ended up in Europe. Could it be the buyers were too dumb to understand what they were buying, or was it that European banks were in on the deliberate destruction of the financial system? We take the latter position. We also find it startling that no other financial writer has come to the same conclusion. Wouldn’t you think the attorney’s who work for the buyers would have realized that the securities were bogusly rated? Since their purchase none of the buyers seem a bit concerned that they were the victims of the biggest financial scam in history. Then again, in today’s world what is hundreds of billions of dollars?

 

These events were all engineered by America and Europe’s monetary elites. The Federal Reserve and the Bank of England, both privately owned, and the European Central Bank, were the moving parties that allowed this to happen.

 

These and other monetary authorities in 2008 engineered the collapse of commodities and via forced de-leveraging caused the dollar to rally against other currencies. Hedge funds had to raise cash to satisfy exiting investors, which had to be eventually done in US dollars to settle trades and pay investors. The rally in the dollar was unnatural and manipulated causing financial injury to millions of investors worldwide. At the same time gold and silver were attacked un-mercilessly as a dying fiat currency rallied for the final time. The dollar had to be strong to pacify the Chinese and other dollar holders and to protect JP Morgan Chase’s derivative positions as well. Similar derivative problems were instrumental in taking down Bear Stearns, Lehman, AIG, Merrill and now Bank of America and Citigroup and many more to follow. These events were just scratching the surface. In the course of events Morgan and Goldman’s machinations have become a matter of national security to cover up what they are up to in their control of our government. Both are essentially exempt from reporting what is really going on behind their closed doors. It might impair their professional standing or perhaps might get them suicided.

 

As a professional and informed investor you say how are such things allowed to happen? They happen because the public is kept in the dark and so are the vast majority of professionals.

...

THE INTERNATIONAL FORECASTER

WEDNESDAY, March 4, 2009

  030409 (1)_IF

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

An international financial, economic, political and social commentary.

 

Published and Edited by: Bob Chapman

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-- Posted Wednesday, 4 March 2009 | Digg This Article | Source: GoldSeek.com



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