Monday, September 26, 2011

Economic Cataclysm Approaches

All the pundits look like idiots. Most of the stooges and front puppets for the ruling elites look like absolute morons on television trying to frame this situation in terms that make it sound like they have not been completely blindsided.

Nobody knows less about what is going on right now than the halfwits they put on television. They are the last people to understand anything.

As more gold is called, it is becoming obvious there is a huge worldwide fraud going on concerning real gold holdings. When this becomes apparent, gold is going to rocket through the stratosphere in price.


Anonymous said...

To be fair, the sliver of truth that did get out left the talking heads in shock.

Anonymous said...

Still, this BBC guy doesn't explain to us how the European economy, that still has industry production, infrastructure, produces actual wealth, is "sinking" while the economy that is based on useless paper and usury and produces nothing, provides "safe assets" like the US dollar and treasury bonds.

This whole Euro crisis facade is nothing but an engineered event not to strengthen and consolidate political power in the EU, but rather to dismantle the political resolve and let the money markets handle everything and rule over nations. And people like this "trader" are part of the problem.

Anonymous said...

In a post-apocalyptic landscape, what good is gold? Goods will be king, food and ammo, etc.

Anonymous said...

A few weeks ago you said the DOW would never hit 10,000 again. It's over 11,000 currently.

What gives?

Texas Arcane said...

Busy day for the plunge protection computer. I heard nowadays there are mostly automatic buy orders followed by cancel orders that give the impression there is activity when the fact is, there is none.

Anonymous said...

I can't wait to see the stooge reaction when they find out that Fort Knox (and likely many other places) are empty of gold and have been for a long time (aside from the occasional show room with watered down bars).

When people realise that those "reseves" ain't reserves no more...oh boy! Can you imagine the panic and price fluxuations then?

@Tex 3:03 AM

I've heard similar things from many sources now. The computers and software arranges all the trades, sets the prices and skims off the wealth from the world in precalculated amounts to suit its masters. Easy to do in the current set up.

Anonymous said...

Anon 10:44AM

It's sinking because the only way that anyone can get a share of the production, or expand existing production, is through the aegis of the banking system.

The banking system's paper is sinking. The Maastricht Treaty was built on a foundation of said paper. When the paper gets into trouble, so does the EU as it is constituted now.