05 May 2015

Gold Daily and Silver Weekly Charts - Para Los Amigos de Todo el Mundo


There was little 'delivery' action in the Bucket Shop yesterday.

Gold and silver are being held in place here as we have discussed, with gold around 1200 and silver between 16 and 17.   This too shall pass.
 
All the metals bulls are fearful of the US Non-Farm Payrolls on Friday.  This is the tyranny of the Fed and the Bucket Shop.
 
I bought some silver today.  Plata para México, y el mundo.
 
No hay mal que por bien no venga.
 

Have a pleasant evening.

 













SP 500 and NDX Futures Daily Charts - First Quarter GDP Will Be Revised Negative


The US showed an unusually wide trade gap this morning for March.

Welcome to the economy of the strong dollar in which exports are dampened and imports are cheap.

There is now more belief that the 1Q GDP was negative.

Stocks fell today, as did Treasuries, reflected a general decline in stocks in Europe.

Geopolitical events are weighing on the hot money crowd.

Non-Farm Payrolls on Friday. Perhaps the Fed can give us another weekend at Bernie's.

Have a pleasant evening.

 
 

NAV Premiums of Certain Precious Metal Trusts and Funds


Gold / Silver ratio is historically high at 72.

And Sprott Silver has a bigger discount to NAV than Sprott Gold?   You don't see something like that every day.


04 May 2015

Power: The Essence of Corrupt Banking and Politics Is to Grow and Control the Debt


"Events have satisfied my mind, and I think the minds of the American people, that the mischiefs and dangers which flow from a national [central] bank far over-balance all its advantages. The bold effort the present bank has made to control the Government, the distresses it has wantonly produced, the violence of which it has been the occasion in one of our cities famed for its observance of law and order, are but premonitions of the fate which awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."

Andrew Jackson, Sixth Annual Message, December 1, 1834


"Another cause of today’s instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.

These are free of political controls and social responsibility and have largely monopolized power in Western Civilization and in American society. They are ruthlessly going forward to eliminate land, labor, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production.

The only element of production they are concerned with is the one they can control: capital."

Professor Carroll Quigley, Oscar Iden Lecture Series 3, 1976

Money is power.  And those who control the money, if they have the will for it, can use it as a means to incredible power, to create debt, and to control it, thereby controlling the debtors, both as individuals, as communities, as regions, and whole nations.

This is the story of global trade deals, the Dollar, and the foul marriage between politics, money, and central banking.   The more discretion and secrecy that is granted to those who create money and debt, the more vulnerable is the freedom of the people.

This is the story of Cyprus, of Greece, and of the Ukraine.

And there will be more.

This will to power is as old as Babylon, and as evil as hell.





"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.

Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

Professor Carroll Quigley, Tragedy and Hope, 1966


"He promises you illumination, he offers you knowledge, science, philosophy, enlargement of mind. He scoffs at times gone by; he scoffs at every institution which reveres them.

He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods.

Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."

John Henry Newman