agnut
11th April 2010, 07:12 PM
Note : this was written before GIM shut down but not posted. Been updated some too.
It’s All About All Falling Into Place
Here we are today March 13, 2010. What’s up doc ?
I’ll tell you what’s up. The structures are being built right before our very eyes. Not just the glittering show cities around the world ( note: not the US where our show city New York was most unceremoniously denigrated on 9/11 with the decimation of the Trade Towers) but more importantly the financial structures to manage the future.
Economy Kept On Life Support While Global Governance Is Organized
By Giordano Bruno
http://neithercorp.us/npress/?p=268
After a thorough read, no one with at least a room temperature IQ should dismiss the significance of this SDR metamorphosis.
“In 2009, within the span of a few months, SDR (special drawing rights) circulation went from $21 billion to nearly $204 billion, and this is only the amount they have admitted toâ€
Come on, an almost 10 times increase in a few MONTHS doesn’t send out alarms everywhere ? Plus allowance for UNLIMITED INCREASE in the future ? In the words of Amos and Andy, “HOLY MACKERAL ANDY !!â€
For a long, long time Ponce and I have been discussing the possible roads to one world governance. The only surprise has been coming from these Special Drawing Rights. A black swan ? We’ll see; probably sooner than we’d care to. Ponce and I both believe that we are at the point in time wherein significant events could rapidly take place. And this article states that it would be the likely choice of TPTB to rapidly crash the markets (dollar’s reserve status, bond market, stock market, etc.) since that would have the better chance for them to maintain power and control.
What’s this got to do with precious metals ? Read on, dear PM aficionados.
The Euro has been having serious problems with its PIIGS countries hogging the debt trough. So the Euro is out as a candidate for a world currency. After all, what did you expect from a dozen countries that has been beating the living crap out of each other for many, many, many centuries ? Peace and harmony ? Riiight.
The Chinese with their US$ 2.27 trillion trade surplus have, until lately, been on the horns of a dilemma. If they continue to hold U.S. treasuries and dollars, they lose purchasing power through inflation or even worse, a surprise devaluation of the dollar. But if they dump their dollar surplus, it will in all probability crash the dollar and the markets. Damned if you do, damned if you don’t. I believe that at this time, the Chinese yuan (renminbi) is also out as a world reserve currency. Too small and unrecognized worldwide. For now anyway.
However, this SDR has the potential for China to at least save most of their skin from having to wrestle with the American bear dollar and markets. Witness the billions of treasuries China has been dumping last year and this year; I’m sure they would love to dump the whole mess back on the U.S. I do wonder if the Chinese were to suddenly trade all of their dollars for IMF SDRs, would this also crash the dollar and U.S. markets ?
Remember that the Chinese took 6 years to increase their gold reserves by 76% to 1,054 tons in 2009. Six years to add about 750 tons; that’s about 125 tons per year. But they have announced recently that they intend to further increase their gold reserves to 10,000 tons within the next 10 years. Looks like an acceleration of 8 times of what gold procuring they were doing in the past. If that doesn’t get you gold bugs salivating at the prospects, I don’t know what will.
Me ? I like gold but I love silver. I am well aware that a heavy weighing toward silver versus gold may be less beneficial in the coming years, but I am willing to place my bets on silver. A trade for gold may be in the cards when the gold/silver ratio becomes more historically in line. Also, I fear that holding physical gold may be more problematic than most gold bugs would care to admit. It’s not the gold itself; it’s that gold is on the radar of ALL governments and billions of people who would do most anything to get more gold in their possession. We are seeing investor interest lately but the “gold rush†hasn’t even started in my opinion. Not to say that it could go nuts in a couple of weeks or months. Depends on what shock and awes are coming. Could be any time now or a couple of years in the future. My guess is sooner rather than later.
I have written before that when facing a problem, I always first consider what it will take to return things to being as before. Works for me. But furthermore, as of late I have been asking myself, “What else has to be in place before TPTB release “the dogs of warâ€, whether it be actual war or financial WWIII.
So what is left to be “put into place†before springing the trap ?
1. Further fleecing the masses through deflation/inflation until they are destitute and therefore amenable to any offers of salvation, no matter how onerous. TPTB ain’t gonna be Dudley DoRight shouting “I will save you, Nell†from the moustache twisting dastardly Snidely Whiplash. No, no, TPTB actually ARE Snidely Whiplash.
2. Further sovereign buying of gold for reserves as well as the wealthy in the know buying gold. Actually trading gold for soon to be worthless dollars and other weak fiat currencies.
3. Negotiations with other powerful countries in order to see that everyone is on the same page when things come down.
4. Propaganda to the masses that this will be a good thing.
5. Military and law enforcement ready.
6. Banks ready and liquefied.
There are more but you can see that all of the above have already been put into place. I’m not privy to the information of how far they are along.
Ray Elliott wrote an article c entitled “Predicting Date Of Economic Collapse (TSHTF)â€. In it he stated that TSHTF when the MSM reported the REAL MONEY CRISIS. I wonder if they WILL actually report this real money crisis. After all, haven’t they been doing a bang up job of reporting the truth so far ?
John Williams of the shadowstats website wrote the following article :
Hyperinflationary Great Depression
www.shadowstats.com/article/hyperinflation-2010
U.S. Bankruptcies Spike 35% In One Month -
Jeff Nielson
http://www.gold-eagle.com/editorials_08/nielson040610.html
Here are a few articles to cheer you up after having slogged through the above “stuff†:
Have We Just Seen The End Of The Big Rally In Silver? -
By P.Radomski
http://www.gold-eagle.com/editorials_08/radomski040710.html
The Coming Precious Metals Short Squeeze
by John Rubino
http://dollarcollapse.com/articles/the-coming-precious-metals-short-squeeze/
Why Are Silver Sales Soaring? - Clark
http://www.gold-eagle.com/editorials_08/jclark040910.html
And fot some comic relief with a heap of truth :
The Silver Boom is Coming!
By The Mogambo Guru
http://dailyreckoning.com/the-silver-boom-is-coming/
Best wishes,
Agnut
P.S. Working on silver musing XLIX ( hey, that’s not porn. It’s Roman numerals for #49 so calm down and put that thing away)
It’s All About All Falling Into Place
Here we are today March 13, 2010. What’s up doc ?
I’ll tell you what’s up. The structures are being built right before our very eyes. Not just the glittering show cities around the world ( note: not the US where our show city New York was most unceremoniously denigrated on 9/11 with the decimation of the Trade Towers) but more importantly the financial structures to manage the future.
Economy Kept On Life Support While Global Governance Is Organized
By Giordano Bruno
http://neithercorp.us/npress/?p=268
After a thorough read, no one with at least a room temperature IQ should dismiss the significance of this SDR metamorphosis.
“In 2009, within the span of a few months, SDR (special drawing rights) circulation went from $21 billion to nearly $204 billion, and this is only the amount they have admitted toâ€
Come on, an almost 10 times increase in a few MONTHS doesn’t send out alarms everywhere ? Plus allowance for UNLIMITED INCREASE in the future ? In the words of Amos and Andy, “HOLY MACKERAL ANDY !!â€
For a long, long time Ponce and I have been discussing the possible roads to one world governance. The only surprise has been coming from these Special Drawing Rights. A black swan ? We’ll see; probably sooner than we’d care to. Ponce and I both believe that we are at the point in time wherein significant events could rapidly take place. And this article states that it would be the likely choice of TPTB to rapidly crash the markets (dollar’s reserve status, bond market, stock market, etc.) since that would have the better chance for them to maintain power and control.
What’s this got to do with precious metals ? Read on, dear PM aficionados.
The Euro has been having serious problems with its PIIGS countries hogging the debt trough. So the Euro is out as a candidate for a world currency. After all, what did you expect from a dozen countries that has been beating the living crap out of each other for many, many, many centuries ? Peace and harmony ? Riiight.
The Chinese with their US$ 2.27 trillion trade surplus have, until lately, been on the horns of a dilemma. If they continue to hold U.S. treasuries and dollars, they lose purchasing power through inflation or even worse, a surprise devaluation of the dollar. But if they dump their dollar surplus, it will in all probability crash the dollar and the markets. Damned if you do, damned if you don’t. I believe that at this time, the Chinese yuan (renminbi) is also out as a world reserve currency. Too small and unrecognized worldwide. For now anyway.
However, this SDR has the potential for China to at least save most of their skin from having to wrestle with the American bear dollar and markets. Witness the billions of treasuries China has been dumping last year and this year; I’m sure they would love to dump the whole mess back on the U.S. I do wonder if the Chinese were to suddenly trade all of their dollars for IMF SDRs, would this also crash the dollar and U.S. markets ?
Remember that the Chinese took 6 years to increase their gold reserves by 76% to 1,054 tons in 2009. Six years to add about 750 tons; that’s about 125 tons per year. But they have announced recently that they intend to further increase their gold reserves to 10,000 tons within the next 10 years. Looks like an acceleration of 8 times of what gold procuring they were doing in the past. If that doesn’t get you gold bugs salivating at the prospects, I don’t know what will.
Me ? I like gold but I love silver. I am well aware that a heavy weighing toward silver versus gold may be less beneficial in the coming years, but I am willing to place my bets on silver. A trade for gold may be in the cards when the gold/silver ratio becomes more historically in line. Also, I fear that holding physical gold may be more problematic than most gold bugs would care to admit. It’s not the gold itself; it’s that gold is on the radar of ALL governments and billions of people who would do most anything to get more gold in their possession. We are seeing investor interest lately but the “gold rush†hasn’t even started in my opinion. Not to say that it could go nuts in a couple of weeks or months. Depends on what shock and awes are coming. Could be any time now or a couple of years in the future. My guess is sooner rather than later.
I have written before that when facing a problem, I always first consider what it will take to return things to being as before. Works for me. But furthermore, as of late I have been asking myself, “What else has to be in place before TPTB release “the dogs of warâ€, whether it be actual war or financial WWIII.
So what is left to be “put into place†before springing the trap ?
1. Further fleecing the masses through deflation/inflation until they are destitute and therefore amenable to any offers of salvation, no matter how onerous. TPTB ain’t gonna be Dudley DoRight shouting “I will save you, Nell†from the moustache twisting dastardly Snidely Whiplash. No, no, TPTB actually ARE Snidely Whiplash.
2. Further sovereign buying of gold for reserves as well as the wealthy in the know buying gold. Actually trading gold for soon to be worthless dollars and other weak fiat currencies.
3. Negotiations with other powerful countries in order to see that everyone is on the same page when things come down.
4. Propaganda to the masses that this will be a good thing.
5. Military and law enforcement ready.
6. Banks ready and liquefied.
There are more but you can see that all of the above have already been put into place. I’m not privy to the information of how far they are along.
Ray Elliott wrote an article c entitled “Predicting Date Of Economic Collapse (TSHTF)â€. In it he stated that TSHTF when the MSM reported the REAL MONEY CRISIS. I wonder if they WILL actually report this real money crisis. After all, haven’t they been doing a bang up job of reporting the truth so far ?
John Williams of the shadowstats website wrote the following article :
Hyperinflationary Great Depression
www.shadowstats.com/article/hyperinflation-2010
U.S. Bankruptcies Spike 35% In One Month -
Jeff Nielson
http://www.gold-eagle.com/editorials_08/nielson040610.html
Here are a few articles to cheer you up after having slogged through the above “stuff†:
Have We Just Seen The End Of The Big Rally In Silver? -
By P.Radomski
http://www.gold-eagle.com/editorials_08/radomski040710.html
The Coming Precious Metals Short Squeeze
by John Rubino
http://dollarcollapse.com/articles/the-coming-precious-metals-short-squeeze/
Why Are Silver Sales Soaring? - Clark
http://www.gold-eagle.com/editorials_08/jclark040910.html
And fot some comic relief with a heap of truth :
The Silver Boom is Coming!
By The Mogambo Guru
http://dailyreckoning.com/the-silver-boom-is-coming/
Best wishes,
Agnut
P.S. Working on silver musing XLIX ( hey, that’s not porn. It’s Roman numerals for #49 so calm down and put that thing away)