- Gold is a calamity indicator! It is signalling crisis ahead.
Gold Smells Blood
One day after the Federal Reserve announced a $600-$900 billion second round of Quantitative Easing (QE2), gold and silver hit fresh all-time highs. Yesterday, the yellow metal surged more than $40 an ounce to well over $1,390 before falling back a few dollars in after hours trading. Silver, also, had a monster move! It was up more than a $1.50 per ounce. It, too, retracted slightly in after hours trading. That surge in precious metals is a debilitating rebuke of the Federal Reserve’s wild and unprecedented money printing policies. How bad is it, really, for the Fed to feel this is a good idea? Gold is acting like a predator that smells the blood of wounded prey. In this case, the prey is a much weakened Fed that seems desperate to keep its banking cartel afloat from the undertow of a sea of red ink.
It is reported that Sprott Asset Management bought 6.5 million ounces of physical silver at nearly $26 an ounce. Respected financial blog Jesse’s Café American wrote yesterday about the deal, “Some might consider the price that Sprott paid to be a ‘leading indicator’ of where silver will be going. I think when the paper Ponzi scheme actually collapses silver will be much higher than that. After all, “he who sells what isn’t his’n must buy it back or go to prison.” Unless, that is, they are running the game. Then they just pay a fine and admit no guilt.” (Click here to read the entire post from JCA.) This kind of silver buying is a big plus for the physical market and a big negative for the often questionable paper market.
Big-time buyers are driving over-sized price moves in precious metals. Hedge Funds, Sovereign Wealth Funds, big banks (like Goldman and JP Morgan) and Central Banks are now moving the markets in gold and silver bullion. Movements like the one yesterday are not mom and pop retail buyers looking to purchase a dozen Silver Eagles or a Gold Eagle coins to put into a safety deposit box.
It is not just the announcement of the second round of QE that has precious metals gushing new highs. It is, also, the open-ended nature of the Fed’s policy that reads, “. . . will adjust the program as needed to best foster maximum employment and price stability.” This could mean $600 billion or $6 trillion before this round of money printing has run its course. Gold (and silver) clearly smell the blood of a wounded Federal Reserve Note that is being drained of its buying power. I’ll close today’s post with a quote from a recent Jim Willie article from Goldenjackass.com. While vexing about a second round of QE, Willie wrote, “The centerpiece question, when the US bond fraud is coupled with European sovereign debt distress, comes down to WHAT IS MONEY? The answer is Gold & Silver and not much of anything else.
- The Anglo-American Illuminist cabal is fighting a rear guard action when it comes to the death of the USD. Their plan is to delay as long as possible until all the pieces are in placed for their One World Currency and Global Central Bank. It looks like they are ready to pull the plug on the USD. Make sure you are in physical gold/silver, they are your financial protection against global currency debasement!
The age of the dollar is drawing to a close
Right from the start of the financial crisis, it was apparent that one of its biggest long-term casualties would be the mighty dollar, and with it, very possibly, American economic hegemony. The process would take time – possibly a decade or more – but the starting gun had been fired.
At next week’s meeting in Seoul of the G20′s leaders, there will be no last rites – this hopelessly unwieldy exercise in global government wouldn’t recognise a corpse if stood before it in a coffin – but it seems clear that this tragedy is already approaching its denouement.
Over the past 20 years, the globe has become divided in highly dangerous ways into surplus and deficit nations: those that produced a surplus of goods and savings, and those that borrowed the savings to buy the goods.
It’s a strange, Alice in Wonderland world that sees one of the planet’s richest economies borrowing from one of the poorest to pay for goods way beyond the reach of the people actually producing them. But that process, in effect, came to define the relationship between America and China. The resulting credit-fuelled glut in productive capacity was almost bound to end in a corrective global recession, even without the unsustainable real-estate bubble that the excess of savings also produced. And sure enough, that’s exactly what happened.
Ironically, one effect of the policies adopted to fight the downturn has been to reinforce the imbalances. Fiscal and monetary stimulus in the US is sucking in imports at near-record levels. The fresh dose of quantitative easing announced this week by the Federal Reserve will only turn up the heat further.
What can be done? China won’t accept the currency appreciation that might, in time, reduce the imbalances, for that would undermine the competitiveness of its export industries. In any case, it probably wouldn’t do the trick: surplus nations have a habit of maintaining competitiveness even in the face of an appreciating currency.
As we now know, dollar hegemony was itself a major cause of both the imbalances and the crisis, for it allowed more or less unbounded borrowing by the US from the rest of the world, at very favourable rates. As long as the US remained far and away the world’s dominant economy, a global system based on the dollar still made some sense. But America has squandered this advantage on credit-fuelled spending; with the developing world expected to represent more than half of the global economy within five years, dollar hegemony no longer makes any sense.
The rest of the world is now openly questioning the merits of a global currency whose value is governed by America’s perceived domestic needs, while the growth that once underpinned confidence in its ability to repay its debts has never looked more fragile.
Already, there are calls for alternatives. Unwilling to wait for one, the world’s central banks are beginning to diversify their currency reserves. This, in turn, will eventually exert its own form of market discipline on the US, whose ability to soak the rest of the world by issuing ever more greenbacks will be correspondingly harmed.
These are seismic changes, of a type not seen for a generation or more. I hate to end with a cliché, but we do indeed live in interesting times.
- This is a great article. Many people are of the opinion that the Illuminati is a Jewish conspiracy. They say that Jews are the cause of the world’s problems: wars, communism, crony capitalism …. and so on. I assure you this is not the case. It is and has always been a Luciferian conspiracy. Read the Bible. Who does the all the kingdoms and glory of this world belong to? Satan!
Matthew 4:8-10 (New King James Version)
8 Again, the devil took Him up on an exceedingly high mountain, and showed Him all the kingdoms of the world and their glory. 9 And he said to Him, “All these things I will give You if You will fall down and worship me.”
10 Then Jesus said to him, “Away with you,[a] Satan! For it is written, ‘You shall worship the LORD your God, and Him only you shall serve.’”[b]
- Like the rest of us, Jews are manipulated by the Illuminati. More so than any other group IMO. The Holocaust religion is used as a trauma based mass programming, mind control and conditioning. Its objective is to build fear and hate against gentiles. I am not a Jew, I do not hate Jews nor dislike them. Jesus Christ is a Jew, I love Jews. The Illuminati seeks to divide and conquer. Both Jews and gentiles must recognize this. We are fighting a common enemy! Fear and hate is never of God.
How the Illuminati Manipulates Jews
At the end of World War II, my family lived in an all-Jewish neighborhood. Though we were Gentiles, my parents didn’t stress the differences and everything seemed normal to me. My parents had Jewish friends and so did I. I was sorry when we moved.
Back then the world was hearing about the Holocaust for the first time. It was part of my moral education. I saw the photos of the living skeletons, the crematoria and the mass graves. It was disturbing. I was looking at evil, an evil perpetrated by the Nazis. No wonder we had gone to war against them.
This first impression stayed with me. But, about the time I graduated from college, I came upon a book called Perfidy by Ben Hecht. He was bitter about the betrayal of the European Jews by the Jewish Agency for Palestine (headed by David Ben-Gurion) and by Zionist organizations in England and America. “One Cow in Palestine is worth more than all the Jews in Poland” said Izaak Greenbaum, head of Jewish Agency Rescue Committee during World War II.
My eyes were opened. There was more to the story. I came to realize that the word “holocaust” means “a burnt offering, a sacrifice.” You can only sacrifice something that is yours. Evil now took on a deeper, more disturbing dimension. Hecht was a radical Zionist who accused the Zionist leaders of sacrificing their own brethren to gain power for themselves as well as their cause. How could they do this?
MORE DISTURBING IDEAS
A few years later I read another book (in French) by a man named Paul Rassinier. He was a man of the left, a member of the Resistance. He had been captured by the Germans and imprisoned in Buchenwald. He was one of the survivors, one of the “living skeletons.”
After the war, Holocaust stories portrayed Buchenwald as a death camp, a place of deliberate extermination. Even though many prisoners died at Buchenwald, Rassinier knew this was not true. So he began to question the Holocaust story in general.
He didn’t question that the Nazis had brutally persecuted the Jews and that many had been killed. But he concluded that the camps in Germany had not been extermination camps and that the number of deaths had been exaggerated.
Not long after this I came across a second witness. As a student, I was browsing the stacks at the New School for Social Research. This is a graduate school in New York City whose faculty then was still composed largely of European Jewish emigres.
There in the stacks I ran across an obscure journal of interest only to scholarly Jews. It probably had a circulation of a few hundred, if that. The editor, in his comments to his small circle of readers, stated matter-of-factly that of course they knew the scale of the Holocaust had been exaggerated. He treated this as an acceptable fiction.
Years later, in the 1980s, I learned that Jewish sources no longer claimed that Dachau and Buchenwald were death camps. Even the number of deaths said to have occurred in the Polish camps where extermination took place was significantly reduced.
This was done quietly, so as not to disturb the figure of six million that had been fixed in the public mind. But it was apparent that much (though not all) of what Rassinier had said was tacitly accepted.
I’ve had a lot of Jewish friends, and my wife’s background is Jewish in part. This has helped me see how many Jews feel about themselves, and about America and the Holocaust. They are afraid. You wouldn’t think so at first, as Jews are not notoriously shy. But there is a deep insecurity; they don’t trust non-Jews. This has deep historical roots. But many feel that even in America, the “other” could turn against them. Even as “insiders” they have the psychology of the outsider.
Some of my Jewish friends would say things that showed they thought most people were anti-Semitic, at least “latent.” No doubt this is sometimes true, but it often occurred in a context where it seemed a little crazy.
This became dramatically clear once when my wife took part in a lay counseling group. In this group, people get together in pairs, and each helps the other discharge patterns of distress, using certain guidelines.
My wife counseled with a young Jewish woman named Nicki. She was attractive, intelligent, and successful. From all appearances you would never guess how she really felt about life and about the future. In the counseling sessions Nicki would reveal a state that could virtually be called terror. She had nightmares, waking nightmares, centered on the Holocaust. She felt very deeply that “they” could come for her one day, that she could be a “burnt offering.”
This is an important part of the way the Illuminati exploits the Holocaust. Every politician knows it’s important to have a political base, and to make sure his base remains solid. Jews constitute an important base for the Illuminati. They draw upon this population for recruits to manage their system. In their war against Christian culture, it is invaluable to have people who are both highly capable but also highly alienated.
Such people will feel like nonconformists even as they conform to the new world order; they will feel like outsiders even as they assume positions of control; they will feel threatened even as they engage in systematic oppression.
Thus both Jews and Gentiles are victims of the Illuminati Holocaust propaganda. Mobilized and controlled by fear, as well as by rewards, Jews are being exploited as surely as Gentiles are.
What about the Illuminati? Aren’t they Jews too? No, they’re not. Many of them are called “Jewish,” but they are “those who say they are Jews but are not, but are a synagogue of Satan.” Their God is not the God of Abraham, Isaac and Jacob. Their God is the Masonic god, Lucifer.
They are Sabbateans. They sacrificed their alleged “lesser brethren” in the Holocaust. If need be they will scapegoat and sacrifice the Jews again. The day may come when Israel itself (with its six million Jews) is sacrificed, if it will strengthen the choke-hold the Illuminati is fastening upon the world’s neck.
But the day may also come when the spell will be broken. If Jews and Gentiles can see the Illuminati for who they are, then the power of the Illuminati — which rests upon illusion even more than it does upon financial control — will be over for good.