02 August 2012

Gold Daily and Silver Weekly Charts


Summer markets. What an enormous waste of time.

Mariao Draghi said, "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough."

No more empty bravado has been expressed since Mussolini vowed to conquer Africa, and had to be rescued by the Germans.

CME 'Monitoring' Knight Capital After Being Burned by MF Global

Non-Farm Payrolls tomorrow.



SP 500 and NDX Futures Daily Charts - Draghi Breaks His Jawbone


Facebook and Knight Capital may be telling us something with their spectacular losses.

Facebook's IPO flop may be the high water mark of this phase of the equity bubble. And Knight may show us that many of the financial asset paper handlers are just one incident away from insolvency.

Non Farm Payrolls tomorrow.



A Corporatist Coup d'Etat Led By Think Tanks, Media Control, and Bribery By Lobbyists


“The mess we’re in now did not begin on Wall Street. Long before the financial collapse, the dismantlement of government regulation was well under way. All the consequences are the result of a brilliantly executed coup. This is the story of the biggest heist in American history.”

"HEIST: Who Stole the American Dream? is stunning audiences across the globe, as it exposes the real truth behind the worldwide economic collapse, tracing its origins to a 1971 secret memo entitled Attack on American Free Enterprise System. Written over 40 years ago by the future Supreme Court Justice Lewis Powell, at the behest of the US Chamber of Commerce, the 6-page memo, a free-market utopian treatise, called for a money fueled big business makeover of government through corporate control of the media, academia, the pulpit, arts and sciences and destruction of organized labor and consumer protection groups.

Sound familiar? Today’s crisis and heart stopping headlines can be directly traced to Powell’s real “end game” which was business control of law and politics. Powell’s fingerprints are all over Citizens United, the fateful Supreme Court decision which gave corporations and the super rich unlimited ability to shape our elections with virtually unrestricted donations. HEIST’s step by step detail exposes the systemic implementation of Powell’s memo by BOTH U.S. political parties over the last forty years culminating in the deregulation of industry, outsourcing of jobs and regressive taxation. All of which led us to the global financial crisis of 2008 and the continued dismantling of the American middle class.

Today, politics is the playground of the rich and powerful, with no thought given to the hopes and dreams of ordinary Americans..."

Why take a government by force when you can delude the public, energize a vocal minority, eliminate a few key leaders of any effective opposition thereby setting an example for any others, and through coercion and soft bribery simply buy it?

The Lewis Powell Memo



Plus ça change, plus c'est la même chose.

The White House Coup of 1933