07 April 2015

Gold Daily and Silver Weekly Charts - Failing Policies of the Financial Engineers

"The enormous gap between what US leaders do in the world and what Americans think their leaders are doing is one of the great propaganda accomplishments of the dominant political mythology."

Michael Parenti

Gold and silver marked time today, digesting their recent gains.
But they are also being held to the 'round numbers' of 1200 and 17.   This is perception management.
The economic establishment and their Federal Reserve are failing, and badly.  They are frightened, but do not know what to do, and so they keep doing the same things, over and over.
Their failures are the direct result of intellectual dishonest and systematic injustice.  The credibility trap has them bound to policy failures that somewhat ironically will bring them down.
They have lied so often that one wonders if they can even understand the truth.  They certainly put enough pressure on keeping anyone of note from dissenting against their madness and their lies.
The only thing exceptional about the West is their exceptional self-delusion about their own goodness and secure position on the moral high ground of history.    
Have a pleasant evening.