-- Posted Thursday, 6 March 2003 | Digg This Article
The BigFishermanTM
March 6, 2003
Copyright c 2003. Rodney C. Cook, Ph.D. All Rights Reserved.
www.obsceneprophets.com
I have been tardy in writing. As expected, life has certainly not been boring, unless, as they say, you are not paying attention. The world is preparing for war. Formidable assets are pre-positioned. Alliances are forged. Battle lines are drawn. No one is allowed neutrality. Already, skirmishes are softening or steeling the opposing forces. The fuse is lit. I watch the hissing, fizzling popping spark with morbid fascination. Barely able to avert my attention to bring pen to paper.
And then there is the situation in Iraq. Iraq is but a battle, however. A fireworks show. The war for financial supremacy will be far more devastating and last much, much longer.
Neo-Keynesians
In a series of lightning moves the Neo-Keynesians have seized key strategic positions. Derivatives kings have taken the helm at the US Treasury and Fannie Mae. They have silenced potential dissidents in the positions of Chairman of the Presidents Council of Economic Advisors and of Assistant to the President for Economic Policy and Director of the National Economic Council at the White House. Greenspan is no longer trusted. His musings on the gold cover clause and on sun setting the Federal Reserve have not gone un-noticed. Any new Jacksonian thinking must be contained. Or purged.
No one must know that the US Dollar died long ago. The abomination that has supplanted it must continue to be the instrument of global economic fascism. And will, by consequence, remain the focus of world hatred. And desire.
But the economy built upon the Federal Reserve Note has suffered a mortal blow. The elitist monetary authorities have been in full retreat. Until now.
Retro-Socialists
In a state of abject fear, the vestiges of socialist thinking have bound together in favor of their own economic hegemony. But alas, they too are in descendancy. Recent Franco-German vitriol reveals the realization that the Euro was, in reality, stillborn. Dominant currencies are instruments of power. Instruments aligned with military force. With a bankrupt military infrastructure, the socialists, both foreign and domestic, have aligned in desperation with radical Islam’s asymmetric warfare efforts. Bad move. Western military power is now focused on the Middle East. Asymmetry cuts both ways. Even with the most horrible of outcomes, this will smash any possibility of a petroeuro forming a lasting cornerstone for socialist ambitions. In the end, all that will remain is chaos and fear.
The Mother of Violence.
These Retro-Socialists and Neo-Keynesians are but mutations of the same species. They strive for the same end state: Global economic domination. Consolidation and control of the means of production and distribution. A most awesome construct that strikes fear into the hearts and minds of those who lust for power. Fear that an alternate culture will ascend to this throne. That they themselves may become the slaves. Or worse, entertainment in the coliseum of their making.
A fear that leads to the desperation of war. A financial warfare that will form the basis for a decade of military and social conflict. And volatility in the financial markets that will far surpass anything seen in the past few years. Volatility that will compromise our ability to separate disparate fantasies, let alone distinguish underlying realities.
Blue Pill or Red Pill? Let's Take Both and See What Happens.
Under attack by the socialist-terrorist alliance, the American response has been strong. A formidable arsenal has been assembled to defend the US economy and the Federal Reserve Note. Unfortunately the administration appears to have been misled. The Neo-Keynesians have made promises. Promises that they will not be able to keep. But promises that will resurrect all-too-familiar economic policies.
It is clear that a major reflation effort has begun. Small sorties are being run to defend the FRN and the financial markets for the coming decade of military action. The armies of liquidity will march on several fronts. Familiar fronts.
Long term rates will be assaulted. Mortgages will be pushed to their absolute lower limit, or beyond, in a populist effort to assuage the masses. Financial markets will be supported, managed, and outright manipulated. The Federal Reserve Note will be strengthened, but more so the Rand as gold shares are dissed. Maximum advantage will be taken of western military successes. And failures will be met with fervent injections of liquidity. All forms of failed financial instruments will be monetized. IMF carpetbaggers will continue their plunders. Until they can't.
All will be wrapped in the flag of wishful thinking. Because so many of us want to believe. To believe that the false prosperity of the 90s can be resurrected. That evil does not exist. That we are safe in our ignorance. That the rising sun on a warm winter's day signals the end of Kondratiev Winter. But bugs have scurried to their golden burrows sensing that the most brutal of storms lay waiting. Storms that wait perversely for spring crops to be sown in barren ground, and for seeds to sprout false hopes, before unleashing their full fury.
The hegemons' ambitions have blinded them. They will not seek the shelter of hard assets. Ultimately there will be nothing to sustain them. Shadows and delusions will pit them one against the other and spell the end for the Keynesians and their socialist brethren. They will be consumed in a cannibalistic orgy of self destruction. One world ambitions destroyed by global civil war.
Neo will soar.
Kondratiev Spring
For decades few knew the truth. The remnant of sound money advocates and Austrian theorists held on to their dreams of freedom. Around the world, small bands of free men formed and charged the false prosperity. The valiant attempts of summer were met with sound defeat. And frequent retreat.
The leaves of Kondratiev Fall triggered the instincts of many to join the ranks of the free. Battles were won. Hard assets accumulated for the coming winter. Even a few mercenaries were drawn to the success.
But the Neo-Keynesians have rallied the troops. Quite literally. Our nation's conservative base has been deluded. Or so it appears. Ultimately, many will see that the fresh green leaves of spring as portrayed by the elites are but falsely painted leaves of fall. Feebly glued to branches in an effort to connive. Continued servitude and loyalty of the masses are essential. But one-by-one serfs and leaders alike will understand that these leaves are, at best, compost. And the legions of free men will grow.
Physical gold is the sword and the shield of the modern hoplite. Gold to hedge against the usurious contracts securing the roof over your head. Gold to hedge against confiscatory taxation on your shelter from the storm. Gold to acquire the means of production for the benefit of all.
Gold shares are main battle tanks on a primary battlefield. Gold shares are bumping along the bottom of the channel as defined by the primary trend. A break below this trend will signal a false dawn. A similar break in physical gold will indicate that the respite before the last storms of winter may last a year or more. But the inherent value of gold will remain intact. Do not view its worth from the perspective of fiat currencies.
Once your family, home and hedge are secured, you can join the brigades and engage in battle by speculating in gold shares. But do not be surprised to see leaders of the brigade fall before you. Unhedged miners and outspoken critics have taken serious fire from the elites. If your personal honor dictates that you speculate on short term moves, be prepared to survive a musket ball in the teeth. If your resources are limited, sniping from the cover of your IRA may be best. Prepare for a false dawn may be of significant duration. Sufficient duration to break the moral of the brigades for a year or longer. But hope that it will be brief. Steal out from cover and gather the remnants of battle at dramatic discounts after the brigades have suffered defeats. Especially those shards of physical gold scattered by exploding tanks.
In a decade's time, true spring will begin. The remnant will emerge with their stores of capital, hard assets, and productive capital to serve as shinning light to rebuild from a sea of despair. These survivors will be the selfless that recognize their spiritual obligation to begin again. And to help others re-build. Those without a spiritual motive will have been among those financially consumed. A new order will re-emerge. Where free men around the world re-establish a new civilization. Where the chief export of America will shift from the empty promises of the Federal Reserve Note to the fundamental principles embodied in our Bill of Rights. A world that will resemble in many ways the constitutional republic envisioned by our Founders.
On a global scale.
-- Posted Thursday, 6 March 2003 | Digg This Article
