Quite a week it was in the precious metal markets. After a week of unrelenting attacks by the large banks to hold down the price of the metals and more importantly to keep futures contracts from growing in the all important delivery month of (silver)March 2011.
Several interesting deployments have been forming in the market and the propaganda machine that manipulates it. The markets continue to see the privately negotiated transactions(TPN) stay high around March silver futures contracts. Most are interpreting this as cash settlements used to keep futures contracts from taking physical delivery. This would indicate that the ability to deliver physical silver is failing and to keep from defaulting the Comex and probably Banks such as JP Morgan and HSBC are willing to pay a premium to keep the wheels from coming off. The problem with this strategy is that with each passing month the traders become bolder. Increasing the OI (open interest) and they have more capitol with which to finance there raids given the more then likely generous premiums they are getting paid not to take delivery from earlier months. It can't go on forever. Mine production will have to increase which will raise cost, due to the fact that silver is often a by product of other industrial metals and gold mining. Therefore silver's production cost can be off set by the other metals. If however demand for other metals like copper falls due to a weakening world economy. Then mines will be looking to reap the silver at a production cost, which is considerably higher then were it is now. Some think Asian demand for industrial metals won't let that happen, but with city in China without people and the west buying less goods due to weak economies the demand may fall considerably. Also plenty of news stories about China bringing in commodities into one port and shipping them to Japan from another to keep up the appearance of growth.
Another complicating factor is all the printing from central banks around the world, particularly the United States. Six hundred billion in November 2010 and more likely once the debt ceiling and June 2011 date rolls around. June will be the time when the six hundred billion is used up and more is required.
So, what is to be done by the average? Does he buy silver as it rises. Hoping to profit from higher prices in the futures. Should he sell into the rallies, believing that he is being manipulated to pull physical out of the paper market and that real demand will fall as the prices rises out of the reach of an indebted public?
Should he look to invest in a more liquid silver vehicle such as an ETF or silver mining stocks, so as to capture the rise and still be able to hit the exit easily with the stroke of a keyboard? Good question.
I picked up most of my physical in March 2010 when the CFTC hearing broke and the manipulation scandal that most of us thought was taking place, reached the public and gained recognition. Since then I have only picked up Eagles and small bars on pull backs when small high quality ingot bars can be had. I am trying to cover myself by buying and holding Sprott's Managements ETF PSLV. To me this gives me the luxury of riding the price up and selling easily while being able to get my hands on physical if I so choose. I will more then likely take profits into March and look to reload in April for May delivery. That's my strategy. My method of timing is for another day.
In closing, let me caution all on two points. One I'm doing this, not advising anyone to do anything. Just thinking out loud and if someone comments and gives me better wisdom then great. I'll take it. Second, watch out for the stories of shortages and people on message boards pumping silver. Never hurts to assume the worse of these articles and people. Do your own research. It is not hard to visit online dealers all over the world and look for outages of silver or premiums rising. What these shortages mean and who is buying is the key. Are their strong hands buying, determined to hold as an investment or just manipulating the price and will dump the supply back on the market at some point caution the price to fall like a rock. It's each persons call, lots of thought and research should go into it and for me a lot of prayer. Till next time, it's time to milk the cows.
Sunday, January 30, 2011
Friday, January 28, 2011
Egyptian unrest, western hypocrisy
The civil unrest in Egypt is turning ugly. with citizens ignoring curfews and the government turning of social media in an attempt to quell the uprising. With the recent events in Tunisia and Yemen likely on the way. The entire volatile region is wary. The opposition to these governments is not a surprise, however the speed at which the civil unrest has escalated has surprised western governments.
A host of leaders and former officials have taken to the air waves to at least verbally support the Egyptian people. Whether they buy it or not is unclear. After all the west has supported weak unjust governments all over the region for decades. It a big dose of hypocrisy to swallow for the Egyptians to believe the western governments have their best interest at heart.
I spent a few moments watching the English translation of Al Jazeera and found it quite enlightening. In fact the coverage was fairer and more accurate then the western MSM. No big surprise there. You would have to live under a rock to believe that free press is functioning anywhere in the west especially the US.
What I found most troubling was American president Obama and other former officials speaking about democracy and the need for it. Two main contradictions come to mind. First is that most democracies in this region of the Muslim world will produce governments hostile to the west. mainly due to the years of pain and suffering the west has directly or indirectly caused. Like in Iraq as millions of infants and people died due to sanctions while the western politicians and UN officials took bribes from Saddam Hussein in the oil for food program. indirectly the west propped up many terrible governments that brutalized it's citizens and left them in desperate poverty and poor prospects for a peaceful and happy future.
The second type of hypocrisy is that western governments functions as democracy in name only. The EU bullied the Irish into taking a bailout before it would allow the people to vote on a new government. They manhandled Greece against the will of its people. Here in the states. Most people were against the bank bailouts but they went forward anyhow. The people in fact have been against running government deficits for years and have been trying to get their representatives to do something about health care for twenty years, but they never listened and even know they ignored their wishes. Take just about every major decision that the US officials have taken over the last twenty years and the American people have voice opposition to it, if they had the chance. Most feel they are asked to vote for candidates that are hand picked by a corrupt two party system which offers little real choice and once in office the lobbyists dictate decision not the polls.
It is just a matter of time before the Egyptian people are watching television to see the riots and chaos on main street America as the citizens tolerance for the complete B/S it's government is feeding it.
A host of leaders and former officials have taken to the air waves to at least verbally support the Egyptian people. Whether they buy it or not is unclear. After all the west has supported weak unjust governments all over the region for decades. It a big dose of hypocrisy to swallow for the Egyptians to believe the western governments have their best interest at heart.
I spent a few moments watching the English translation of Al Jazeera and found it quite enlightening. In fact the coverage was fairer and more accurate then the western MSM. No big surprise there. You would have to live under a rock to believe that free press is functioning anywhere in the west especially the US.
What I found most troubling was American president Obama and other former officials speaking about democracy and the need for it. Two main contradictions come to mind. First is that most democracies in this region of the Muslim world will produce governments hostile to the west. mainly due to the years of pain and suffering the west has directly or indirectly caused. Like in Iraq as millions of infants and people died due to sanctions while the western politicians and UN officials took bribes from Saddam Hussein in the oil for food program. indirectly the west propped up many terrible governments that brutalized it's citizens and left them in desperate poverty and poor prospects for a peaceful and happy future.
The second type of hypocrisy is that western governments functions as democracy in name only. The EU bullied the Irish into taking a bailout before it would allow the people to vote on a new government. They manhandled Greece against the will of its people. Here in the states. Most people were against the bank bailouts but they went forward anyhow. The people in fact have been against running government deficits for years and have been trying to get their representatives to do something about health care for twenty years, but they never listened and even know they ignored their wishes. Take just about every major decision that the US officials have taken over the last twenty years and the American people have voice opposition to it, if they had the chance. Most feel they are asked to vote for candidates that are hand picked by a corrupt two party system which offers little real choice and once in office the lobbyists dictate decision not the polls.
It is just a matter of time before the Egyptian people are watching television to see the riots and chaos on main street America as the citizens tolerance for the complete B/S it's government is feeding it.
Tuesday, January 25, 2011
Sunday, January 23, 2011
Saturday, January 22, 2011
The Setting of the American Empire
When the history books are written about the demise of the American Empire. Certainly they will attribute it's fall to the banking crisis of 2008. There will be an entire chapter on how the 1971 President Nixon and his fatal decision to move away from the gold standard. Causing massive disruptions in the form of inflation in the 1970's and 1980's. There no doubt will be numerous reasons given for his folly. Mine would focus n Vietnam and the enormous expenses it caused not only in human lives and suffering , but financially. They will I am certain make note of the hundreds of millions of dollars that poured into Washington, DC from the from financial institutions as Glass-Steagall was systematically dismantled. There has always been corruption with all governments, though the corruption of the US government over the last twenty years is quite astounding. For the most part it has been done within the legal frame work, however the betrayal of trust, total disregard to nationalism and complete lack of knowledge and wisdom is unprecedented in history. As the prestige of American politicians and power soared to unimaginably height, so did their ignorance. As great as the founders selflessness and vision was that gave such hope to hundreds of millions in every corner of the world. The modern American leaders were equally incompetent incapable of following the obvious logic conclusion of the ill determined decisions.
President Clinton for mastery of navigating the political mine fields of his own creation and George W Bush for his adherence to the Christian world view that guide the world so successfully through the twentieths century. Appear as naive and unaware of the consequences of their actions as now as they were when they were in office. Likewise Alan Greenspan and Larry Summers and Robert Rubin seem more interested in preserving their reputations then acknowledging their collective ignorance.
The one area which to me may not get totally examined is president Obama. His obvious lack of management skills have been evident from day one, but with most others who rose to such prominence he appears to have gained little wisdom and his actions will no doubt have a major contribution to the fall of the American empire. We all watched as in March of 2009 in the early days of his presidency the stock market begin a free fall. The S&P bouncing of the auspicious 666 number. The signal was being sent to the new president, we are in control and if you screw with us we have the power to make economic life for the American citizens intolerable. He then foolishly embarked on health care reform, failing to understand that the system in which he was placed in charge was completely and utterly corrupt. Any reform would end up being so badly constructed that the American people would reject it almost as much as the health care profession and insurance industry. At that time his efforts would have been more fruitful had he tackled lobby reform. clearing the way for both parties to work in harmony as appose to bitter conflict. As if to follow incompetence with stupidity he then isolated himself from his greatest asset. The American people. One decision after another was made to had high administration positions to business individuals who have as their world view corporate interest and power. No of which, at least as of the timing of this writing have any understanding of America role as beacon of light in the world. To them the world is to be manipulated and distorted to suit the profit forecast. when the world needed leaders president Obama hired money changers. This effort to appease his enemies will no doubt result in financial asset appreciation and a bounce in make believe and manipulated polls, but I doubt it will result in a second term or in his presidency being viewed as successful. The corporate elite have much power to influence the American economy and even the economies of the world. Their prestige however is not inapproachable around the world, having spent decades creating enemies of exploited countries and peoples.
In the end as the American people, who often are referred to as sheeple stand hopeless by. having experienced an "ET Brut" moment from President Obama. It may be the people of the world that ride to our rescue. Not by buying our goods or bailing us out financially, but by rejecting the fallacy which is greed and corruption masquerading around as freedom and justice. The may just reject the dollar and the fraud of Wall street and bring the entire foolish experiment down to earth. As we once saved them, so they may just save us. Though I doubt most Americans will say it feels like that. It will be pain and misery, but that is the necessary ingredients of all great things and people. difficult is often the blessing and prosperity the curse.
President Clinton for mastery of navigating the political mine fields of his own creation and George W Bush for his adherence to the Christian world view that guide the world so successfully through the twentieths century. Appear as naive and unaware of the consequences of their actions as now as they were when they were in office. Likewise Alan Greenspan and Larry Summers and Robert Rubin seem more interested in preserving their reputations then acknowledging their collective ignorance.
The one area which to me may not get totally examined is president Obama. His obvious lack of management skills have been evident from day one, but with most others who rose to such prominence he appears to have gained little wisdom and his actions will no doubt have a major contribution to the fall of the American empire. We all watched as in March of 2009 in the early days of his presidency the stock market begin a free fall. The S&P bouncing of the auspicious 666 number. The signal was being sent to the new president, we are in control and if you screw with us we have the power to make economic life for the American citizens intolerable. He then foolishly embarked on health care reform, failing to understand that the system in which he was placed in charge was completely and utterly corrupt. Any reform would end up being so badly constructed that the American people would reject it almost as much as the health care profession and insurance industry. At that time his efforts would have been more fruitful had he tackled lobby reform. clearing the way for both parties to work in harmony as appose to bitter conflict. As if to follow incompetence with stupidity he then isolated himself from his greatest asset. The American people. One decision after another was made to had high administration positions to business individuals who have as their world view corporate interest and power. No of which, at least as of the timing of this writing have any understanding of America role as beacon of light in the world. To them the world is to be manipulated and distorted to suit the profit forecast. when the world needed leaders president Obama hired money changers. This effort to appease his enemies will no doubt result in financial asset appreciation and a bounce in make believe and manipulated polls, but I doubt it will result in a second term or in his presidency being viewed as successful. The corporate elite have much power to influence the American economy and even the economies of the world. Their prestige however is not inapproachable around the world, having spent decades creating enemies of exploited countries and peoples.
In the end as the American people, who often are referred to as sheeple stand hopeless by. having experienced an "ET Brut" moment from President Obama. It may be the people of the world that ride to our rescue. Not by buying our goods or bailing us out financially, but by rejecting the fallacy which is greed and corruption masquerading around as freedom and justice. The may just reject the dollar and the fraud of Wall street and bring the entire foolish experiment down to earth. As we once saved them, so they may just save us. Though I doubt most Americans will say it feels like that. It will be pain and misery, but that is the necessary ingredients of all great things and people. difficult is often the blessing and prosperity the curse.
Monday, January 17, 2011
Exchanging JP Morgan's greed for my own?
I spent the last few days contemplating purchasing more silver. I'm feeling late to the game, only beginning my purchases after listening to King World News last March and learning from a London bullion trader how JP Morgan is manipulating the market. It seems reasonable, everything else seems manipulated. So I search the internet to decipher hidden clues of possible shortages. I found myself drawn into the conspiracy theories of mega banks and the Federal Reserves. They story line engulfs Governments from DC to China in an ever twisting plot of greed and manipulation. I waste hours watching a webcast of the CFTC hearings and silly buy silver crash JP Morgan video's on Max Keiser. I feel the tug to warn family and friends of the pending doom such shortages will surely unleash on world markets. I imagine that they'll be so thankful for my call which salvages their life savings from the looming threat and how admired I'll be when silver rockets past 30 dollars on it's way to the inevitable stratosphere making them a fortune. Surely all the pieces are falling into place. A corrupt banking cartel stealing the hard earned wealth of middle class Americans, with tentacles into Politicians pockets and captive regulators who turn a blind eye in the mind numbing monotony of government bureaucracy. All the frustrations and anger from a decade of up again, down again trading which surely should have reaped greater profits if not for the high frequency trading computers who's sole existence is to monitor my every trade and exploiting my positions at just the right time. Before I know it I'm logging into KITCO for another purchase to drive the nail into the vampires heart and save the world. When....that still small voice beckons from within me. Reminding me that greed fills the heart of all who desire to control their own destiny by obtaining the elusive power of wealth. God has warned us hundreds of times through out scripture that no one can serve two masters. He will love God or money, but not both. I think back to the story of the temptation of Christ in the desert and how he was enticed to meet his own needs in his own time, rather then surrender his will to God's plan. Whether that will bring joy, peace and happiness or sorrow, pain and despair. I fear that in my heart at this fateful hour I have allowed greed to take hold of me. Trying to cover my fear of the future with the power that timing the collapse of the financial system will bring. Fear has been a constant tormentor in my life. As I struggled with a family while going through school and starting my own business. It has at times inflicted depression and anxiety as my mind lapsed from the truth that perfect love casts out fear. Perfect love, does no harm, it always protects, always is patient, love never fails.
I stop to contemplate my actions. Am I acting in wisdom and positioning myself out of knowledge or am I surrendering to my weakness, my fear, my greed? Judging motives is always difficult, but judging your motives is impossible apart from God. I sense I am the beast and if i do not enter the sanctuary and sense Gods glory, then surely my feet will slip. Suddenly the peace which transforms all human understand surrounds me, and I realize it is peace that I seek. God's presents that I desire. His right arm that protects me. Tomorrow may bring difficulties or a continued desire to prepare for the for my needs, but today, at this moment I know GOD is all I need.
I stop to contemplate my actions. Am I acting in wisdom and positioning myself out of knowledge or am I surrendering to my weakness, my fear, my greed? Judging motives is always difficult, but judging your motives is impossible apart from God. I sense I am the beast and if i do not enter the sanctuary and sense Gods glory, then surely my feet will slip. Suddenly the peace which transforms all human understand surrounds me, and I realize it is peace that I seek. God's presents that I desire. His right arm that protects me. Tomorrow may bring difficulties or a continued desire to prepare for the for my needs, but today, at this moment I know GOD is all I need.
Sunday, January 16, 2011
Tipping Point?
With all the skepticism out there about the economy. There has been a lot of talking about a tipping point, which would causes the US economy and thereby the world economy to slide over the edge. Most critical thinkers know that a system as corrupt as ours cannot be sustained indefinitely. No one is sure however, what a collapse would/will look like, little lone the timing of such an event. Many internet commentators and prediction systems such as Webbot, have pointed out certain critical points in time. I personally have followed the Webbot for about 4 years and have seen some pretty amazing hits on predictions. Although I believe no one knows the future, I have seen first hand that intrusions from the future can and do give coming attractions in our daily lifes. My staff and I started to notice that certain people would come into the office and one of us would say, "I just thought of them the other day". This happening once or twice goes unnoticed. This occurring on a weekly and or daily time frequency causes one to conclude that 6 degrees of separation really does occur.
I watched the 2008 financial crash take place after months of Webbot predictions that something was about to happen. More recently the November 2010 prediction of a tipping point, although many thought it a miss. I was amazed at the accuracy and how it picked up subtle changes that to the casual observe and indeed the general public went unnoticed. For instance the increase in tensions between the US and China. The pressure on the Federal Reserve and the dollar(perception not price) increased dramatically.
This all brings us to the present and the tipping point concerns which have been called for this month January 2011. We have seen the shootings in Arizona, the drying up of physical commodities. riots over inflation and food are spring up everywhere. Certainly you could have predicted these events at least the riots and commodities part just by observing the markets and the fact that violence has increase as a result seems obvious. Yet world wide there appears to be an awaking, that despite the MSM and governments attempts to subdue it, is growing. I have no doubt that something is coming and it's occurrence will likely be subtle, like the straw that breaks the camels back and yet it's impact will be enormous. I'm watching the Chinese come to town, the CFTC vote and the Judge's request for documents in the GATA law suit and it looks like convergence to me. Will history record that the crack started this weekend, I have no idea, but it would not surprise me.
Having said that, what would the event look like post crack. Well that is speculation, but I'll give you mine.
In fraud and corruption appearance is everything. Bernie Madoff was believed for so long because he acted the part. The same is true of the FED. It has been beyond reproach for 100 years, but now, not so much. The November 600 billion in digital dollars to keep the make believe financial system afloat caused howls from all over the globe. Today we stand at the upper debt limit of the US government. If you raise the limit and therby weaken the dollar a massive out flows out of dollars and into I believe gold and silver will occur. There simply is no where to go. The Euro, food and fuel are not safe and topping out. If you push them further it will trigger commodity prices to leap up further destabilizing the worlds governments. The cries to remove the dollar as the reserve currency will go into light speed. The average American will feel it as a loss of control and a large jump in food and fuel. Of course they have to raise the limit and debase the dollar or 1929 will look like Camelot, but the reaction will be much faster this time. Weeks not years. The IMF will call for SDR to stabilize the world economies, who knows if Asia will buy that. They need to export and that requires a medium of exchange, but they'll be gun shy given the lies of the west.
So my eyes and Google searches are on the debt ceiling. This is the trigger from which all else flows.
I watched the 2008 financial crash take place after months of Webbot predictions that something was about to happen. More recently the November 2010 prediction of a tipping point, although many thought it a miss. I was amazed at the accuracy and how it picked up subtle changes that to the casual observe and indeed the general public went unnoticed. For instance the increase in tensions between the US and China. The pressure on the Federal Reserve and the dollar(perception not price) increased dramatically.
This all brings us to the present and the tipping point concerns which have been called for this month January 2011. We have seen the shootings in Arizona, the drying up of physical commodities. riots over inflation and food are spring up everywhere. Certainly you could have predicted these events at least the riots and commodities part just by observing the markets and the fact that violence has increase as a result seems obvious. Yet world wide there appears to be an awaking, that despite the MSM and governments attempts to subdue it, is growing. I have no doubt that something is coming and it's occurrence will likely be subtle, like the straw that breaks the camels back and yet it's impact will be enormous. I'm watching the Chinese come to town, the CFTC vote and the Judge's request for documents in the GATA law suit and it looks like convergence to me. Will history record that the crack started this weekend, I have no idea, but it would not surprise me.
Having said that, what would the event look like post crack. Well that is speculation, but I'll give you mine.
In fraud and corruption appearance is everything. Bernie Madoff was believed for so long because he acted the part. The same is true of the FED. It has been beyond reproach for 100 years, but now, not so much. The November 600 billion in digital dollars to keep the make believe financial system afloat caused howls from all over the globe. Today we stand at the upper debt limit of the US government. If you raise the limit and therby weaken the dollar a massive out flows out of dollars and into I believe gold and silver will occur. There simply is no where to go. The Euro, food and fuel are not safe and topping out. If you push them further it will trigger commodity prices to leap up further destabilizing the worlds governments. The cries to remove the dollar as the reserve currency will go into light speed. The average American will feel it as a loss of control and a large jump in food and fuel. Of course they have to raise the limit and debase the dollar or 1929 will look like Camelot, but the reaction will be much faster this time. Weeks not years. The IMF will call for SDR to stabilize the world economies, who knows if Asia will buy that. They need to export and that requires a medium of exchange, but they'll be gun shy given the lies of the west.
So my eyes and Google searches are on the debt ceiling. This is the trigger from which all else flows.
CFTC meeting more staged then a Broadway play
I watched in amazement as the CFTC held it's public meeting today. It was obvious from the start that the very reason for the meeting, which was position limits to stop excessive speculation and manipulations of the markets was going to get a smoke and mirrors solution.
All familar with the situation are aware that large traders and banks hold huge positions. These positions allow them to drive the market up and down skimming enormous profits. Obviously this is manipulation and fraud. The CFTC is charged with preventing this, how ever they have turned a blind eye for a decade if not more. This has allowed commodity prices to become extremely volatile side stepping the supply demand dynamic which give markets there efficiency.
Thursday's vote in addition to setting limits which were way to high also make those limits soft. That is to say the CFTC will monitor positions that violate the limits and go to the board for review and a possible vote to force reducing the position. This quite different from what the individual faces. They would be liquidated with little notice or recourse.
It is a sad commentary of the "greatest" free market country in the world who has been preaching free market doctrine for decades. To in effect conduct it's over site policies like a banana republic. How the mighty have fallen.
Many who follow these markets had high hopes that truth and honesty would rule out. Especially after a public disclosure from a London bullion trader explained the crime in detail to the CFTC before it's latest occurrence in the winter of 2010. Also in March of that year public hearings on the matter had attempted to force the hand of the regulators. Unfortunately the charge of the CFTC has change unbeknown to the american people to include preserving fraud and TBTF banks.
With the vote having occurred only last week many or trying to get a handle on it's impact. From Harvey Organ who testified at the March meeting who sees it as a step in the right direction. To Christ Martenson who sees it as another opportunity to ignore the rules and cover up market manipulation.
Further analysts of the decision is necessary to really ascertain it's true meaning and impact. For my two cents, I see it as of little significance at least in regards to the silver market. It will not stop the manipulation and fraud , but it will put a name in the record books next to a vote to allow the fraud to continue. I believe in time the system will collapse and hopefully those in charge who were suppose to be watching out for the public interest will be held accountable. If not criminally, at least in the history books.
Till then, I'm a physical buyer of silver on the pull backs. If not to help me sleep at night, at least to due my part in revealing the fraud.
All familar with the situation are aware that large traders and banks hold huge positions. These positions allow them to drive the market up and down skimming enormous profits. Obviously this is manipulation and fraud. The CFTC is charged with preventing this, how ever they have turned a blind eye for a decade if not more. This has allowed commodity prices to become extremely volatile side stepping the supply demand dynamic which give markets there efficiency.
Thursday's vote in addition to setting limits which were way to high also make those limits soft. That is to say the CFTC will monitor positions that violate the limits and go to the board for review and a possible vote to force reducing the position. This quite different from what the individual faces. They would be liquidated with little notice or recourse.
It is a sad commentary of the "greatest" free market country in the world who has been preaching free market doctrine for decades. To in effect conduct it's over site policies like a banana republic. How the mighty have fallen.
Many who follow these markets had high hopes that truth and honesty would rule out. Especially after a public disclosure from a London bullion trader explained the crime in detail to the CFTC before it's latest occurrence in the winter of 2010. Also in March of that year public hearings on the matter had attempted to force the hand of the regulators. Unfortunately the charge of the CFTC has change unbeknown to the american people to include preserving fraud and TBTF banks.
With the vote having occurred only last week many or trying to get a handle on it's impact. From Harvey Organ who testified at the March meeting who sees it as a step in the right direction. To Christ Martenson who sees it as another opportunity to ignore the rules and cover up market manipulation.
Further analysts of the decision is necessary to really ascertain it's true meaning and impact. For my two cents, I see it as of little significance at least in regards to the silver market. It will not stop the manipulation and fraud , but it will put a name in the record books next to a vote to allow the fraud to continue. I believe in time the system will collapse and hopefully those in charge who were suppose to be watching out for the public interest will be held accountable. If not criminally, at least in the history books.
Till then, I'm a physical buyer of silver on the pull backs. If not to help me sleep at night, at least to due my part in revealing the fraud.
Monday, January 10, 2011
Anger and the American Political System
Saturdays horrible tragedy is mind boggling. We all realize in turbulent times there is episodes like this, there certainly was in the 1960's. The difference then was the direction the country was physiological make up of it's leaders and politicians. Vietnam, civil rights and more liberal thinking were controversial and fueled passion, but the idea that we were a great nation and that our leaders had are best interest at heart was at least a passing thought. Today roughly twenty five years after Reagan's trickle down economics and ten to eighteen years after free trade agreements and rewriting our laws to favor corporate America, two wars and a financial meltdown. We think differently then we did before. Gone is the notion that politicians are merely misguided. Today they are viewed as more sinister and evil. Under minding the very liberty of the country. The are mere pawns in the corporate country we live in. Most are unaware of the depth of the infiltration. Others feel helpless as their cries for justice and sanity fall on deaf ears, either from the drowning noise of campaign contributions or the complete lack of transparency which now engulfs every major agency of our government. President Obama who was ushered in with the battle cry of hope and change. Supported with the all inspiring hope producing chant of "yes we can". In reality the American people can, President Obama would not. Don't get me wrong I do not lay the economic woes of the country at his door step. I do however, charge him with grouse negligence. For failing to hold the mortgage fraud Ponzi scheme perpetrators accountable. He indicated that nothing was done that was illegal, but Janet Tavakoli and William Black as well as others would beg to differ. It might be said that doing so might make the situation worse and that is true. Though the contrary may also be just as legitimate.Without the accountability for such a huge crime which injured so many people here in the states as well as in other parts of the world. No remedy will suffice. As a practitioner for twenty years, I have often noted how treatment will initially make the patient worse prior to healing. It's as if a natural law requires it. Wisdom however is not in abundance in Washington, DC and drown completely out by corporate greed.
Thus, the American people are left. Void of leadership, completely lacking in representation and treated more like a domestic terrorist then a noble citizens. Is it any wonder the rage builds? Isn't it to be assumed that violence will erupts and people die? Of course it i, it is s inevitable. What is not not unpredictable however, is the cries by politicians to stifle free speech and limit and reduce more freedoms such as gun ownership. In the end our grant experiment of human governance will likely fail. For as great and insightful as a original founders were, their grand plans are of no match for the greed and treachery of the unrepentant human heart. Which unfortunately is in abundance in Washington, DC.
Thus, the American people are left. Void of leadership, completely lacking in representation and treated more like a domestic terrorist then a noble citizens. Is it any wonder the rage builds? Isn't it to be assumed that violence will erupts and people die? Of course it i, it is s inevitable. What is not not unpredictable however, is the cries by politicians to stifle free speech and limit and reduce more freedoms such as gun ownership. In the end our grant experiment of human governance will likely fail. For as great and insightful as a original founders were, their grand plans are of no match for the greed and treachery of the unrepentant human heart. Which unfortunately is in abundance in Washington, DC.
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