An excerpt from Saddletramp:
Saddletramp has a really good article about our future economics. Here is the link:
http://www.godlikeproductions.com/forum1/message2231767/pg1
But the portion I really wanted to press on I quoted below. I found it to be dead-on-balls-accurate:
The Orchestrated Take-Down of Precious Metals: This was a move that may have well backfired on the Financial Cartel, in a sense. In seeking to take down the level of Precious Metal to allow for more inflation of these same metals later on (when it is needed to expand a currency that they decide to back with PM’s), they sought to also transfer the remaining private ownership of these metals from what we in the financial world call, “Weak Hands to Strong Arms”. It started with financial talking heads on TV trashing Gold and Silver as an investment for almost two months, and it then culminated with Black Friday in the commodity pits. What they never expected was that stackers would actually try to take that opportunity to load up on metals. They never expected the Physical Market to stabilize, and then push the paper market higher. They never expected the immediate disconnect of spot price in relation to physical price that happened and is still happening almost a month later. However, the move still serves a purpose for the Financial Cartel, it put all of the markets, including the bond markets and derivative markets, on tenuous footing, and it allowed for Banks to load up on physical metals at a cheap price for compliance with Basel III Capital Requirements. Unfortunately for the Cartel boys though, they may well have sacrificed the COMEX, their controlled price discovery system, in this transaction. But I doubt it matters much in the long run to them, as the COMEX was already dead the moment this plan was put into place. This move in PM’s was another huge signal of what’s to come, and if you will bear with me, I will tie it all together as we move through my scenario.
Saddletramp has a really good article about our future economics. Here is the link:
http://www.godlikeproductions.com/forum1/message2231767/pg1
But the portion I really wanted to press on I quoted below. I found it to be dead-on-balls-accurate:
The Orchestrated Take-Down of Precious Metals: This was a move that may have well backfired on the Financial Cartel, in a sense. In seeking to take down the level of Precious Metal to allow for more inflation of these same metals later on (when it is needed to expand a currency that they decide to back with PM’s), they sought to also transfer the remaining private ownership of these metals from what we in the financial world call, “Weak Hands to Strong Arms”. It started with financial talking heads on TV trashing Gold and Silver as an investment for almost two months, and it then culminated with Black Friday in the commodity pits. What they never expected was that stackers would actually try to take that opportunity to load up on metals. They never expected the Physical Market to stabilize, and then push the paper market higher. They never expected the immediate disconnect of spot price in relation to physical price that happened and is still happening almost a month later. However, the move still serves a purpose for the Financial Cartel, it put all of the markets, including the bond markets and derivative markets, on tenuous footing, and it allowed for Banks to load up on physical metals at a cheap price for compliance with Basel III Capital Requirements. Unfortunately for the Cartel boys though, they may well have sacrificed the COMEX, their controlled price discovery system, in this transaction. But I doubt it matters much in the long run to them, as the COMEX was already dead the moment this plan was put into place. This move in PM’s was another huge signal of what’s to come, and if you will bear with me, I will tie it all together as we move through my scenario.
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