Wednesday, March 31, 2010
Sunday, March 28, 2010
A. I must be missing out on something either due to some basic misperception, intellectual lapse or really naive misunderstanding or
B. Jones really is some kind of mouthpiece for the very NWO agenda he is seemingly so intent on exposing, acting in the capacity of the agent or mechanism for broadcasting "their" intents as they are obligated to do by their peculiar "ethic" which requires them to "warn" their intended victims, thus:
1. Absolving themselves (in their own distorted perceptions at least) of any moral culpability inherent in their intended nefarious agendas and
2. Convicting, a priori, the masses they are attempting to delude, subjugate, and enslave, of their own basic ignorance, apathy and moral indifference and pathetic inability to act in their own behalf which by the very laws of nature justifiably consign them to the inevitable extinction which they so deserve. (actually, Jones himself repeatedly levels the same accusation, harping on the theme continually in his daily broadcasts)
The murky situation was muddied still further when some new hillbillies entered into the equation via Fox News and the InfoWars comment line. Apparently (and you can't use that word overmuch in this context) some first class nut job posted on the InfoWars comment line some scarcely intelligible gibberish detailing threats against government agents potentially approaching his residence. (If you've ever has the misfortune to scroll through these posts, this one in scarcely exceptional, and indeed typifies the abysmal mental capacities of the mob of deviants and illiterates who regularly swarm the pages there.) At any rate Fox News, either through trolling through the garbage on this thread or by dint of planted inside information, "alerted the authorities".
Thursday, March 25, 2010
ADDITIONAL STATEMENT BY BILL MURPHY, CHAIRMAN OF THE GOLD ANTI-TRUST ACTION COMMITTEE
HEARINGS ON THE METALS MARKETS, MARCH 25, 2010
On March 23, 2010 GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Mr. Maguire, formerly of Goldman Sachs, is a metals trader in London. He has been told first hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets and they bragged how they make money doing so.
In November 2009 he contacted the CFTC enforcement division to report this criminal activity. He described in detail the way in which JPM signals to the market its intention to take down the precious metals<. Traders recognize these signals and make money shorting the metals along side JPM. He explained how there are routine market manipulations at the time of option expiry, Non-farm payroll data releases, and Comex contract rollover as well as other ad hoc events. On February 3 he gave two days advance warning by email to Mr Eliud Ramirez, a senior investigator of the Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. (chart above) Then on February 5 as it played out exactly as predicted further emails were sent to Mr. Ramirez in real time while the manipulation was in progress. It would not be possible to predict such a market move in advance unless the market was manipulated.
Expiry of the COMEX APRIL call options is today. There was large open interest in strikes from $1100 to $1150 in gold. As always happens month after month HSBC and JPM sell short in large quantities to overwhelm all bids and make unsuspecting option holders lose their money. As predicted in advance by GATA the manipulation started on March 19th when gold was trading at $1126. By last night it traded at $1085.(chart above)
Friday, March 19, 2010
Wednesday, March 17, 2010
Sunday, March 14, 2010
Wednesday, March 10, 2010
Most probably the distinguished Managing Director of the International Monetary Fund, Dominique Strauss-Kahn, did not have the opportunity nor the inclination to meet with any of the ordinary denizens of the streets of Nairobi, Kenya, some of whom are on full display plying their unusual and desperate trade in the above video. "Le grande seducteur", as Strauss-Con(!) had been dubbed by the Parisian tabloids endlessly titillated by his numerous sexploits, was busy with consultations on behalf of the IMF with the "Two Elephant"power sharing coalition of president Mwai Kibaki and his former arch-rival and present premier Raila Odinga. Louse- Con(!) was kicking off his third visit to the Mother Continent in just four months. The Two Elephants had engaged in a mutually vitriolic and contentious rivalry in the disputed December 27, 2007 presidential election , followed by an unprecedented outbreak of "tribal violence" which left thousands dead, 350,000 displaced refugees and a national catastrophe of once unimagined proportions in a country which had long held a reputation as an"oasis of peace in a troubled region".
"The spiky-haired protesters in the streets of Seattle believe there’s some kind of grand conspiracy between the corporate powers, the IMF, the World Bank and an alphabet soup of agencies which work to suck the blood of Bolivians and steal the gold from Tanzania. But the tree-huggers are wrong; the details are far more stomach-churning than they imagine. In March 2001, when Ecuador’s government raised the price of domestic gas and hungry Indians burned the capital, I was reading the World Bank’s confidential plan issued months before. The bank, with the IMF, had directed this 60 per cent increase in the price of domestic fuel, predicting coldly this could set the nation alight. It’s as if the riots were scheduled right into the plan. And they were, at least according to one of the only inside sources I can name, Joseph Stiglitz, former chief economist of the World Bank. “We called them the IMF riots.” The riots were programmed as well as the response, what the document called “resolve”—the police, the tanks, the crackdown."
As to the four steps to IMF damnation
• Step One is Privatization. In marginalized and impoverished third world countries such as the African continent, the international mobsters employ the time honored methods of any reputable organized criminal organization; extortion, bribery, payoffs and kickbacks to secure the allegiance and loyalty of the political leadership, which in many cases the IMF has helped to install. The result is a massive sell off of public assets and utilities at fire sale prices and lucrative commissions for the corrupt brokers. This kind of gangsterism pales in comparison with the wholesale looting of the Russian economy in the late 90's after the fall of the Soviet Union. Presided over by Stiglitz himself with the able assistance of present Office of Management and Budget head Peter Orszag who was acting as Russian Finance Minister under the aegis of economic hit man vice president Al Gore, Russian industrial, mineral and oil concessions were appropriated by U.S./IMF backed oligarchs who subsequently engaged in an orgy of asset stripping resulting in the crippling of national output by 50%.
•Step Two is Market Liberalization. With any vestiges of protectionism via trade barriers and tariffs effectively removed the market predators go to work on the public assets. Hot money inflows lead to rampant "speculation in real estate and currency". As speculative investment at low rates of interest builds so do prices, as the impoverished majority is marginalized even further. Then the rug is pulled out from under the unwary parties to the scam, the bubble bursts, and capital flees the country with the resultant social unrest and societal breakdown. Interest rates grow astronomically as property values deflate, industrial and infrastructure development cease and " the national treasury is drained."To this is added the infamous and destructive IMF quota, where each country is required by the economic predators to deposit large amounts of "aid money" into the IMF coffers itself at pitiable low rates of interest while the further borrowing of US$ at much higher rates of interest are necessitated for IMF sponsored infrastructure and development projects.
•Step Three is Market Based Pricing which in simple terms represents the elimination of food and fuel subsidies necessitated by the IMF predatory lending policies themselves as the majority of impoverished denizens are pushed further and further below the poverty line. Prices on basic necessities rise.This is, of course, productive of the Stiglitz "IMF riot" mentioned above. The innocuous sounding "Interim Country Assistance Policy" is the document that Palast refers to when he suggests that IMF policy is actually designed to bring about the the expected and resultant social chaos. Palast suggests that this is nothing short of "economic arson", which allows the process of the vicious circle to proceed to the next step- the final appropriation of what little assets remain at prices which are just a step above outright expropriation.
•Step Four is Free Trade. This represents the new frontier of so called "free market capitalism"of the likes of Milton Friedman and the Chicago School of Economics. It is also the province of the WTO and World Bank, the sister organizations of the IMF, and the regulatory and fiscal agents of the IMF depredations. Now that the major means of production and public utilities are firmly in IMF hands, the newly established economic institutional parameters represented by the WTO and WB insure the consistent flow of national wealth into the coffers of the western central banks and the US Treasury and IMF. Obama's recent bequest of $100 billion to the IMF is representative of the symbiotic relationship between the two agencies. That these four steps are in the process of being rapidly enacted in the United States itself are symptomatic of the tightening grip which the international cabal has slowly established over the domestic economic policies of the once great nation.
Monday, March 1, 2010
Aleksandr Herzen, speaking a century ago to a group of anarchists about how to overthrow the czar, reminded his listeners that it was not their job to save a dying system but to replace it: “We think we are the doctors. We are the disease.” All resistance must recognize that the body politic and global capitalism are dead. We should stop wasting energy trying to reform or appeal to it. This does not mean the end of resistance, but it does mean very different forms of resistance. It means turning our energies toward building sustainable communities to weather the coming crisis, since we will be unable to survive and resist without a cooperative effort.
These communities, if they retreat into a pure survivalist mode without linking themselves to the concentric circles of the wider community, the state and the planet, will become as morally and spiritually bankrupt as the corporate forces arrayed against us. All infrastructures we build, like the monasteries in the Middle Ages, should seek to keep alive the intellectual and artistic traditions that make a civil society, humanism and the common good possible. Access to parcels of agricultural land will be paramount. We will have to grasp, as the medieval monks did, that we cannot alter the larger culture around us, at least in the short term, but we may be able to retain the moral codes and culture for generations beyond ours. Resistance will be reduced to small, often imperceptible acts of defiance, as those who retained their integrity discovered in the long night of 20th-century fascism and communism.- From Chris Hedges "Zero Point of Systemic Collapse" https://www.adbusters.org/magazine/88/chris-hedges.html
I've followed Mr. Hedge's journalistic contributions and his more recent polemical jeremiads. He speaks out of a informed and outraged sense of injustice undoubtedly shared by many perceptive individuals and commentators. I must admit, though I have a great respect for his endeavors, that this particular piece seemed a little tired and overwrought as if he had perhaps unconsciously succumbed to the enormity of the issues which he has so zealously confronted all these years. Whether or not this is the case, the testimony of many of those posting on this thread reveal the same kind of agitated expectation casting about for answers to a whole range of perplexing anomalies. As with any crisis, the responses are as many and varied as the whole range of emotion, verging from the dismissive and even hostile to the more quiescent and reflective. The internet forum, while allowing an elaborate and extensive breadth of opinion, at the same time tends to dilute and attenuate meaning, often at the expense of depth and lasting significance. People can only be awakened and informed so much before even the most trenchant and cutting edge insights lose their inherent relevance. At that point I suppose my backyard compost pile or Mr Hedges Canadian farmland might deservedly become all that more inviting.