Our world has experienced numerous revolutions and rebellions . Each one has specific objectives, but all revolve around the basic premise that those in charge are failing to meet the expectations of those they govern.
Revolutions and rebellions by their very nature encompass a power struggle. The present power regime never desires to give up it's power with a fight. Thus conflict begins as the resolve of both sides are test in order to procure a victor. The conflict is often violent with deaths and injuries. If this occurs, there is never reconciliation between the two sides. The victor punishes and often kills the loser. next comes the non violent revolution/rebellion, the Gandhi and Martin Luther king kind. There may be deaths and injuries, but the possibility that reconciliation can be achieved in this type of power struggle is good.
Today we have financial Tierney. Governments and corporations control news media, financial markets and even individuals. It is more dangerous then ever to have a revolution/rebellion in this age. The powers that be are very well equipped to control physical aggression of protesters and their ability to crush and harm is without president in the world. Evil is too prevalent within the powers making the only logical alternative a non violent revolution/rebellion.
Not the type of MLK or Ghandi, but financial non violent civil disobedience coupled with active legal aggressive action. These action take the form of funds with drawl, no payment of debts, and my favorite purchase of precious metals.
This pro active action of exchange of paper fiat for suppressed precious metals is the ultimate weapon,. capable of slaying the evil empire of corruption and greed. Those who answer the calling, I refer to as Silver Patriots. It take intelligence and faith. the minions constantly work to dis inform the public and dis wade the Silver Patriot from his/her calling. However, just as the minute men of old defeat a British army of superior skill and out fit, the Silver Patriot will like wise prevail.
Friday, March 25, 2011
Thursday, February 10, 2011
Quiet Before the Storm
An eerie calm has formed in the States lately. As if the populous senses something bad is on the rise.
We find our government speaking out against Egyptian President Mubarak and yet the moral authority we have taken for granted for 60-70 years is strangely absent. How is that President Obama feels so compelled to advise Mubarak to obey the Egyptian people, when he dismisses the will of his own citizens. He somehow has come to believe that his authority is more then the office of President affords him. For instants, he took an oath to up hold the constitution and laws of the United States. Yet he feels he can ignore the blatant criminal activity that caused the present financial crisis. Think that it is under his discretion to forgive these crimes without them even being acknowledge little lone corrected. He believe that the people's desire for a healthcare system grants him automatically to decide what that system looks like without citizens input. These are certainly egregious but pale in comparison to his self appointment as head of corporate America. Were by he used the office of the president to further corporate American interests around the world without any attempt to seek the will of the American people.
I for one feel such matters are extremely dangerous. The government is first and foremost a government by and for the people. People are to run the corporations with the interest of the owners or shareholders in mind. For our government to take up that mantel means that it is in direct opposition to many of it's people who may have interest that are directly contrary to the corporation. Such as polluting or workers rights. Stepping over this obvious conflict has corrupted the government, perhaps irrevocably.
The citizens sense this. The Watch as a private entity, the Federal Reserve conducts itself, not in the direct interest of the people but as central planners. Assisting the banks and corporate America in their futures, which most likely are in direct opposition to the American people. A very strong case can be made that the banks should have been nationalized.
Then you have the discerning individuals that watch as the regulator bodies within our government become completely captured. Nowhere is this more apparent right now then with the CFTC. Having been given a mandate to correct the commodities markets they are instead choosing to hold staged public meetings and fashion rules that add procedures that further muddy the water and allow market manipulation to continue. We are standing on the edge of the silver market which has been so poorly managed and manipulated that the price has created huge demand which can not possibly be met. It will end with a complete collapse of the market or insolvency of a huge financial institution which will require additional bail outs.
So, we wait paused motionless. Needing desperately to get on with commerce and yet unable to move forward due to uncertainty that the worst is yet to come. It would have been better to have nationalized the banks, Cancelled the derivatives and modified mortgages in order to stabilize the economy and put the crisis behind us. Not that such actions would not have caused pain. They most certainly would have. However, they would have allowed for a resolution of the crisis and a point at which we could have rebuilt.
Sunday, January 30, 2011
Silver Studs or Pump and Dump?
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.
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.
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
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