Them

96B05411.lowres

Every so often, someone cuts to the chase and says it as it is. I admire these people and sometimes even get close to writing a half-decent article myself. Today’s from Jesse, of Café Américain, gets down to what we are facing.

Before even looking at that, he wrote something which had great significance for me:

As for the politicians and financiers, the oligarchs and those that surround them, I have tried to figure them out for a long time, often first hand … As an aside, I thought the recent essay from the fellow at the Fed who did not believe that anyone [without] a PhD were imbeciles incapable of discussing or understanding economics was a good example. Did he understand how silly he sounded …?

Just as Jesse rubs shoulders with these people more or less daily, so I used to be part of that world – my B2 days, I call them. I used to wear their suits too and mine were bespoke, every one of them, even to going with my tailor and selecting the cloth I wanted for its warp and weft. My bowties were silk and my wine racks were not shabby.  I sat during our long lunches and listened to them carrying on, listening to what concerned them most.

That’s why this blog exists.

Even while still seduced by the lifestyle and it is very seductive and seemingly genteel, I have to add my less significant voice to the Jesses of the world who decry people who would judge by a new PhD or NVQ rather than by hands-on experience … but it’s not all bad. Tomorrow I go for interview to someone who is seeking hands-on experience, a rare thing in Britain today, so there’s hope yet.

The shifting political spectrum

The days of party politics, the two [or three] party shuffle are numbered.

It served its purpose but now the division comprises, on one side, Statists with their formerly left-liberal community support, good people taken in by talk of diversity, freedom, fairness et al, their natural altruism blinding them to how they are being played for saps – the politics of peace and love where those who genuinely believe in these things are unwittingly allying themselves with the very political elements who would take their freedoms away, to their inevitable dismay.

On the other side there are the practical freedom lovers, the ones who can sound pitiless and unloving but who see right through the sham of the whole multi-cultural/diversity/fairness scam, as presented by the polticians.  We are held to be nasty pieces of work because of our tone and our anger, the way we go on and on about it, trying to warn people of what is going down. We’re called right wingnuts and kooks but we actually cross the old political spectrum and those old terms are largely meaningless now in the new politics [which is actually the old politics, now visible].

We use expressions such as “wake up and smell the coffee” which gets the backs up of people who think they themselves have it sussed.  And yet more and more Jesses and Karls and Xxxls and Wolfies and Sackersons and Sues and Fausties and Daniels and I could go on forever – more and more people are coming out now and saying, “Hey, stop a moment and please read this. It looks quite suss.”

Jesse today

I can’t pick the choice bits out of Jesse’s article so here is one section of it, unabridged:

Currency Wars and Coups d’Etat

I will not be surprised at all if in the next ten years certain US and UK officials, and those who claim that they were only acting on their government’s behalf, merely following orders, become fugitives from justice. But there may be some ‘suicides’ and tragic airplane accidents among the weaker links first if things get dodgy. And of course the usual scapegoats, fall guys and patsies.

This is not something involving the United States alone. Iceland is a microcosm of what happened as the systems were overtaken by corruption and greed, and is running ahead of the larger countries because of its smaller scale. The German banks are deep into it.

The UK is more likely to follow Iceland’s path before the US, and may serve as a bellwether. The neo-con David Cameron is certainly no man of the people, and is likely to make the working classes in Britain howl before he is done with them. England, what were you thinking?

The financial crisis is being used to cover a subversion of justice, what history may some day regard as essentially a financial coup d’etat, wherein a small group of men, many of whom have their roots and connections with a handful of universities, institutions, and investment banks, essentially seized control of the banking system, and by extension the economy, co-opting the media and the political process, and have been bending it increasingly to their will ever since.

What will most likely trip them up is not so much the acts of fraud and insider dealing themselves, but the overreaching, the cover ups, the subornation of perjury to the Congress, and as always, obstruction of justice.

But before we reach that point, I would not discount a more overt attempt to seize or direct the power of government through some staged event, some false flag. But first and foremost they will use the softer means of deception, persuasion, intimidation, and of course the ridicule of anyone who questions their actions by their well paid demi-monde of analysts and commentators.

The oligarchs have almost ruined the US and the UK. They will now seek to subtly starve the middle and lower classes to pay for their piles of wealth which are largely pieces of paper, useless wagers, and will resist every effort to repeal the absolutely irresponsible tax cuts enacted during the administration of their chosen candidate G. W. Bush, and the setup to divert reform through their stalking horse, Barrack Obama.

They will speak out of both sides of their mouths. Unemployment insurance, Social Security benefits, healthcare, relief for the poor, and pensions are bad, and their unfortunate recipients lazy, stupid and an expendable drag on society. But the maintaining of ill gotten gains of the oligarchs, the enormous fortunes obtained through financial fraud, and paying little or no effective taxes on them through various loopholes, is a somehow a sacred requirement for economic recovery. And so we see how reform is floundering, and the smirks of the congressional chimps and pigmen are maintained even as the nations suffer the worst unemployment since the Great Depression.

There will be many useful idiots, well outside the real circle of power but who consider themselves the well-to-do, that will agree with this injustice, and vehemently attack the unfortunate in society because of a combination of character flaws, usually selfishness, emotional immaturity, and just plain meanness.

It is how it always is. Most Gestapo informants were actually neighbors, co-workers, bearing petty grudges and spites, not realizing the damage they were doing to real people. The coldness of the unenlightened human heart and the obtuse vanity of people in wishing suffering on others, with a kind of perverse self-righteousness, is sometimes a wonder to be hold.

As for the politicians and financiers, the oligarchs and those that surround them, I have tried to figure them out for a long time, often first hand. Some are just sociopaths, obsessively driven, as lacking in human feeling as the fellow who would shoot you in the face for your wallet. These white collar jokers have merely had better educational opportunities.

But as for the others, the many, I think that are just ordinary hard working people that over become so intellectually inbred that their viewpoint becomes like a clique, or a cult. They tend to be in positions where they can make or enforce the rules to suit themselves, and spend most of their time talking with others like them, with similar attitudes and feelings towards the world extensively influenced by their profession. They develop a feeling of isolation from the great bulk of humanity.

Principles such as morality, right and wrong, cease to be relevant, without the common cultural context, for them. They become so preoccupied in the particularities of their own piece of game. They lose sight of the big picture. And sometimes this can lead to terrible abuses and excesses.

As an aside, I thought the recent essay from the fellow at the Fed who did not believe that anyone who does not have a PhD were imbeciles incapable of discussing or understanding economics was a good example. Did he understand how silly he sounded, writing from the very heart of a disgraced profession, and from an organization that under Greenspan and then Bernanke look like incompetent clowns lacking even common sense? I was actually embarrassed for him. Coming from the world of technology and big corporations I know the type.

A corporate culture can degenerate into a dangerously compelling institutional blindness, especially in organizations that like to bring their people in young and ‘mold them.’ Whenever I see clusters of resumes with the words ‘Goldman’ and ‘Yale’ or ‘Harvard” in them cringe.

The CIA used to favor Yale for recruiting, since it seemed to impart an outlook in its students that was amenable to spycraft. I do not know if that is still the case, whether universities tend to develop outlooks by their choice and development of students, but major corporations certainly do.

The US cannot obtain a sustained recovery without serious and significant financial reform and restructuring of its economy, and the legal repatriation of the wealth stolen by the financiers through fraud. What complicates this is that the politicians have allowed themselves to be tainted by the same brush of corruption, so in the short term everything is illusion, deception, and cover up. Slowly but surely, the truth will out. But the delay causes damage.

The bad debts will be liquidated. They cannot be repaid. Starving the common people alone will not work, and selling the sovereign assets will not be enough. Taxes would have to be raised to post WW II levels, along the lines of 70+% for the wealthy.

How likely is this?

The wealthy elite will promote the confiscation of pensions and Social Security first. These will be dangerous times, full of deception. Greed and fear will reach high emotional states.

Therefore default, albeit selective, is the rationale alternative, excepting the contrivance of yet another war to stimulate demand and encourage compiant behaviour. And that default will be accomplished through devaluation of the currency, the basis of all the debt, which is the Fed’s note of zero duration. It will spread the pain throughout all holders of US debt, including those that do not vote. Bernanke and his economists know this.

They will not admit it, because they are playing a confidence endgame with the people and with the holders of US sovereign debt, many of whom are foreign. The last thing they wish to cause is a panic. But at some point, there will be one, and it will not be pretty. The Democrats will attempt to kick that can down the road, delivering it to the successor to Obama, who is like to be a one term wonder ‘unless something happens.’

Them

Sackerson once asked me to define Them and I could never find the exact words.  The passage above gets very close to identifying Them.  However, They are not the only threat, just the main one.  Another threat is Radical Islam, make no mistake and enough sites cover that to get the general idea.

Thus we have this weird three way war and the only certainty is that the middle and lower classes are going to be squeezed till we cry out in agony.  Then They will offer their panacea to stop the pain – the very pain they caused.

47 comments for “Them

  1. Chuckles
    July 4, 2010 at 15:46

    Good luck with the interview James, it is indeed rare to find such an organisation or person in Britain today.

    As I recall, in economics exams, they ask the same questions every year, and change the answers?

    And may I remind you of the wonderful quotation (of many) from that prescient ‘documentary’ called ‘Yes Minister’, or rather ‘Yes, Prime Minister’.

    Bernard, ‘I don’t think Sir Humphrey understands economics, Prime Minister – he did read classics, you know.’
    ‘Well, what about Sir Frank? He’s Head of the Treasury.’
    Bernard shook his head. ‘I’m afraid he’s at an even greater disadvantage in understanding economics, Prime Minister. He’s an economist.’

  2. richard
    July 4, 2010 at 15:47

    Very interesting but I would disagree that Islam is anywhere near as dangerous as the Oligarchical tyranny. Ban the burqua? Who cares? As I’ve said before, they don’t do usury and that’s why they’re a threat to those who need to use it as a means of control.

  3. dearieme
    July 4, 2010 at 15:54

    We use expressions such as “wake up and smell the coffee”: oh, say it ain’t so, Hob.

  4. Rossa
    July 4, 2010 at 16:51

    One way out will be the exit from the system of more and more people. If “they” have no money coming in then how can “they” pay for their vanity projects etc. such as the carbon taxes planned for the years ahead. The next scam to line their pockets with. Do you want to pay tax just to breathe?

    As true unemployment soars so their contributions to the Treasury are withdrawn. Yes they’ll get benefits, in the short term, but as more people find themselves out of work so the benefits will have to be reduced as there will not be enough to cover everything. (There isn’t enough already but no politician has grasped that nettle yet nor will they)

    If more people refused to pay their taxes what then? Yes services would halt for a short time but they are going to decline anyway. So we can either do this the quick and painful way or the long slow drawn out way. Either way it will happen.

    Can’t lock everyone up and while they could put troops out on the street there are a lot more of us than them. We really don’t have much choice. If we want to change the system we have to start the revolution in small ways and build it up from there.

    Think in the US they recently had a “No Tax” day. If everyone just didn’t do or buy anything for a day that may get their attention. No VAT, no fuel duty, nothing going through the bank, zero.. Turn the TV off, don’t use any gas, electricity or water, no shoppping, no banking, don’t go to work, don’t use the trains, buses, planes, don’t answer the phone. Would have to be planned for but would it really be that hard?…we can but wonder.

    Then maybe “they” would see that enough of us know what’s going on and we still have the power to take back what is ours…freedom!

  5. July 4, 2010 at 17:06

    It ain’t so, Hob. 🙂

  6. July 4, 2010 at 19:49

    Phew, that was a narrow escape! For a moment this Jesse person had me there. That is, until I noticed he’s a Bush basher and a Paul Krugman follower to boot. This isn’t an investigation of reality, but another narrative. He’s a drone. But thanks, James for taking the trouble to draw my attention to his existence.

  7. July 4, 2010 at 21:15

    The longer I think about it, the more it looks like another misdirection. Consider this from the Examiner (URL: http://ht.ly/26T6I):
    QUOTE
    Everything the Founding Fathers put in place to protect our citizens from government tyranny has now been thrown down and torn to shreds by corrupt class warfare extremists on a war path against the free market.
    They have illegally seized the banks, the housing market, the insurance industry, the auto industry, health care, student loans…and are now taking over Wall Street, the energy industry and the Internet. There will soon be nothing left for them to steal, and as I have noted, they are utterly annihilating the economy in the process.
    UNQUOTE
    My money’s on the neo commies.

  8. July 4, 2010 at 21:47

    I’m sure I used to say “Wake up and smell the Roses”.

    Now I am reduced to the eponymous face-palm.

    Cassandra is quite correct, this Jesse fellow is flawed. Anyone who marks Krugman as anything but sublime fool is a buffoon.

  9. July 4, 2010 at 22:48

    Go with Jesse, James.
    Both Cassy and Wolfy are reading it wrong

    Jesse often has “counter opinion” pieces on his sidebar..he had the piece by the Fed PhD a few days ago.

    His sidebar is headed “Matters for Reflection” for a reason.

    I haven’t the time, or patience, to go into details right now…it’s a question of degree of austerity and the point of balance from which you start. Comparisons between the US and UK are difficult, and can confuse, given the varying systems of support. And the varying levels of debt, public and private.

    Support includes “social” and also invisible support for currencies via offshore locations, that negate actions by bond vigilantees, (and stupid Krug knows this very well) that swell balance sheets of central banks, and also the varying levels of current currency over-valuations. It also includes varying levels of support for (still) blatant criminal activities that themselves vary in each nation.

    I mentioned the decades old methodology of national subversion in a recent long post, that included the recent quote from the June 3rd World Bank output…and Latvia details to illustrate thus.

    Emergence from hell is a balance of monetary and fiscal so as not to tip the scales downwards. Levels of growth are key to tax receipts, since no economy is a fixed balance sheet as everyone would have you believe, but a turning wheel, where each turn spins off a tax liability. The faster the wheel (growthrate..) the more tax receipts per annumeven though tax levels per transaction may be lower. Austerity measures easily slow the wheel, as do all higher taxes per unit, and have to be balanced somewhere else. Read my recent post about taxation levels again, the whole was geared to a faster wheel, and an implied much smaller level of “State”.

    One sure method of judging our politicians is the scam of “War on Terror”. …Rapid withdrawal of troops, now there for another 5 years, is a litmus test. Speaks volumes!

  10. July 5, 2010 at 23:34

    OOPS, H/T Jesse. 🙂

  11. July 5, 2010 at 23:52

    xxxl,

    Honest politicians…

    Those two words don’t go together, although there are some exceptions to the rule 😉

  12. July 6, 2010 at 01:11
  13. July 6, 2010 at 10:47

    It seems that some well known names, and some folks anonymous are grouping to beat the global vampire, forming around the microcosm of Iceland, who was brutally raped and who now faces the EU and the IMF for a second round of rape and pillage.

    May this move go from strength to strength, and form a model for the rest of the world.

    Note the IMF rules in the second part of Jesse post!

    http://jessescrossroadscafe.blogspot.com/2010/07/trashing-of-iceland-and-its-efforts-at.html

  14. July 6, 2010 at 10:57

    Lithuania, Latvia, Estonia, Hungary, Bulgaria, Romania, would do well to consider the Iceland scenario, and speak to Bill Still.

    If there are any readers from these areas..?

    I would mention Ireland, but their current politicians are all bought by the EU….and Peter Sutherland from Cork seems to be revered…..not a hope in hell….

    The UK is still their greates trading partner. If the UK left the EU….no, Camoron is a Bilderberg, as is Ken Clarke, so, not a hope in hell.

  15. July 6, 2010 at 20:21

    Wolfie, I hope you are reading this.

    For the last couple of weeks, Jesse has been very good, very incisive, very informative.

    So once again he hits a boundary, about something that had me puzzled.

    More gov’t/bank sponsored criminal acts.

    http://jessescrossroadscafe.blogspot.com/2010/07/imf-engaged-in-gold-swaps-to-about-380.html

    BTW, Jesse is now on Market Oracle too.

    The word is spreading,…. soon “They” will have nowhere to hide, their crimes having been exposed.

    The reaction to the next bank bailout, coming soon, will tell a story, or not!

  16. July 6, 2010 at 22:07

    Ref the pic, I certainly wouldn’t want to meet that on a dark night or even a dark day come to think of it!

  17. July 12, 2010 at 18:12

    Noted – will read – under the hammer a little just now.

  18. July 12, 2010 at 23:23

    James, post went to post heaven.

    One minute pre-this post.

  19. July 13, 2010 at 18:09

    I just had a look and there were none of yours there, Xxxl. Don’t know where it could be.

  20. July 13, 2010 at 20:02

    James, its there, above.
    July 12th at 23.23

    The one with 5 links.

  21. July 14, 2010 at 08:30

    Everywhere you look.
    Fuck the hungry.
    Fuck the fall-out.
    War creates more profit.
    Worship at the alter of fraud.

    More Manipulation

    When austerity shrinks GDP and asset prices, the banks sit with excess reserves, extracted from the tapayer, refusing to lend.

    The banks thus are set to repurchase choice assets at a fraction of previous worth.

    The old formula, perfected over decades.

    Note news today – – of frozen wages, and inflation projections going higher, – – plus tax increases – – reduced net disposable income – – shrinking asset prices.

    Thanks Brown, you fucking New World Order Cretin.
    Thanks Camoron and ConDem gov’t. You are making an absolute Ballsup of your chance. – – in bed with the Rothschild dynasty.
    100 days, and all that!

    And the guy promoting new banking presence in the high street – – raising finance from markets from such…
    He was the guy at the MOD who signed-off on all the “Arms to Iraq” in the Iraq vs Iran War, the Super Gun Affair., the Matrix Churchill affair, in turn linked to BCCI global money laundering, conceived at Langley, Virginia, with MPS of both parties running round London with brown-paper envelopes.

    Now a Lord, of course.

    My oh my, how scum surfaces.

    So who murdered Gerald Bull? Mossad?

    The journalist in South America who was murdered got too near!

    How long does the gag on BCCI last?

    Who placed it?

    Why did Ken Clarke sign public immunity certs denying defence claims and opportunity to place evidence of gov’t knowledge from the getgo?..dirty fat little liar!

    What action was taken when gov’t involvement was proven?
    Fuck-all.

    Now he’s a Bilderberger and goes orgasmic at the thought of EU. Lower than a snakes ass.

    Where has investigative journalism gone?
    Where are the balls of editors?

    They Control.

    YOU can’t be bothered to think, or remember!

    Vote them in again…

    What time is “The Street” on? Where’s my cuppa? Aahh!

  22. July 14, 2010 at 10:29

    Here’s something utterly realistic, undone from conspiracy theory or paranoia:
    ““Conspiracies are overrated, but when interests align, they become hard to stop,” says Rothkopf. “Elites from all over the world attend Columbia and its equivalents, where they acquire the same biases and values. Ultimately they have more in common with each other than with most people in their respective countries. They have the ability to shape conventional wisdom.”
    http://www.college.columbia.edu/cct/may_jun08/alumni_profiles3

  23. July 14, 2010 at 10:48

    Ahem, cough!

    That would be a “Public Interest Immunity Certificate”, an exposure of the “Cons” in action!

    So, has anything changed from this :-

    http://www.thetruthseeker.co.uk/article.asp?ID=4128

    http://www.thetruthseeker.co.uk/article.asp?ID=4116

    http://parellic.blogspot.com/

    When will the truth of Dr Kelly come out?
    The sexing up of statements that were already lies?
    An attorney general who couldn’t find his own ass with an instruction manual?
    7/7?

    US satellites were aware of Iraqi troop and tank concentrations on the Kuwait border for several weeks. Bush senior said to Saddam personallythat he had “No View” on Iraq obvious intentions. Then…..

    What is it with these people?

  24. July 14, 2010 at 11:38

    Cassy.

    You always get writers who put a nice gentle spin on it.
    The book wouldn’t get published otherwise.

    The author of “Tragedy and Hope” had a lot of trouble getting it published, and then worried about his health.

    Have you read it?

    It’s much “harder” than just some gentle spin.

    The organised take down of nations has been going for decades. There are even books about how it was done, who set it up, who co-ordinated it, who assasinated who.
    History shows when it started, and how, and who.

    There is fanancial warfare going on right now, and it’s mainstream.
    There are up to 500 ship-carried Tomahawk missiles in the south china sea right now, all in reach of the Chinese mainland…Hence the recent statement by China that she wouldn’t use her $ reserves against the intersts of the US.

    Two days ago a Chinese ratings agency downgraded most western nations debt, placing the US 13th.

    Why?

    Because this year the currencies that make up the IMFs SDR get rebalanced, and the BRICS want representation.

    Because all the BRICS want gold in the SDR, that’s why the naked short bullion banks are sitting on the price of gold right now, via their paper gold derivatives.

    And because the US ratings agencies are fraudulent and their business models pure moral hazard. Some are currently being screwed in court. They are effectively attacking fellow NATO nations financially, since the Euro is the mirror of the $. Go figure.

    West Germany provides the fertilizer and the full range of chemicals and hardware, for the annual production of 800 tonnes of pure narcotics, from 8,000 tonnes of raw gunge, produced from crops that troops are ordered not to touch. The statement of such recently caused a resignation in Germany..did you read it?

    So tell me, why do you think we are there..it certainly ain’t to rescue democracy, or the females. Pre 9/11, the Taliban were negotiating in NY, on and off for 3 years, to give the US whatever pipelines were needed. They made the mistake of killing the narcotics trade. So….. lets manufacture a bogeyman and then wage war to find him. Oh, and we’ll have the Patriot Act just to soften up the sheep!

    If you want to define conspiracies as a few knotheads in a basement somewhere, and leave the screwball intellectuals alone, go ahead.

    You’ll miss all the real stuff, that murdering bastards from these social groups create, the stuff that kills millions, starves billions, over the decades. The stuff where the folks lower than a snakes ass hole turn on their own populations, who have in fact, to take the above examples, actually been providing their own defence ministries with up to date info.

    Sheesh, I could go on.

    Time does not permit.

    Don’t mean to rant, Cassy, but some things are beyond humanity.

  25. July 14, 2010 at 11:39

    James.
    Moderation July 14th 10:48 am

  26. July 14, 2010 at 12:53

    I also have my moments with the universe. Did it yesterday on Twitter.
    By the way, at closer glance the author, David Rothkopf (of Superclass: The Global Power Elite and the World They Are Making) turns out he’s a real progressive rat’s ass. Was part of the Clinton admin. Still, should know a thing or two about the global governing elite.

  27. July 14, 2010 at 22:23

    What time is “The Street” on? Where’s my cuppa?

    Followed by a read of the newspapers (all true of course!) and maybe another cuppa for good measure 😉

  28. July 14, 2010 at 23:01

    Hi, Cherry.
    I see you doing well on the posts numbers.

    You don’t really believe the newspapers, do you?

    Do you know the guy linked above?…Ex MoD.

    Perhaps before your time…Sheesh, Phew, nearly walked into that one 🙂

  29. July 14, 2010 at 23:08

    Cherry, I see the BP attempt to cap the oil has been halted.

    Also the drilling of relief wells has been halted.

    More tests on Ocean floor required!

    You got to wonder.

  30. July 14, 2010 at 23:56

    Most of my comments are one liners, I think if we added up the word count you would by way out there in the top of the commenting here.

    With regards to the newspapers I was being ironic. On the whole I have been disillusioned with them for years. When I started on my campaigning at work I was disillusioned even further.

    One of my favourite terms in the press is ‘no decision has been made yet’. We really believe that one don’t we?

    The current spin on the public sector and the civil service in particular is a prime example of how to manipulate the way people think. I haven’t blogged on it yet, I am still too annoyed.

    I don’t know Lord Levene personally ;-), but it is interesting how ex MoD ministers seem to get involved with Defence companies after their term in office (I have commented in the past that I thought there was something wrong with this and I was told why shouldn’t they use the skills they had learned). And now finance too…

    With regards to BP, I have had some interesting conversations from an engineering perspective this week.

  31. July 15, 2010 at 00:09

    They should have nuked the well in the first week.

  32. July 15, 2010 at 00:11

    re. Gold : Isn’t that saying exactly what I have been saying?

  33. July 15, 2010 at 08:55

    Wolfy

    RE Gold.
    I believe you said it was in a bubble.

    You were, and are, wrong.

    Given a free market, it would be higher than now.

    Correctly, that would inform the world of the failure of paper.

    Correctly, comparison of purchasing power over time would show the theft via inflation of all savings, and illustrate the split in the attributes of “money”…Now, paper money competes for “usage” very well. Over issuance to manipulate and create apparent wealth, has transfered to “store of value” function to gold.

    All the world seems to understand that except the dumb fucks in the west, and those with a book to talk.

    On the mechanics of the slam-down, everything is working agaist the commodity laws as written at the time of creation of commodity markets…namely that physical markets set the price, and stiff position limits were set.

    Over the decades finance sought, and got, “exemptions” to position limits, in so many “physical” markets, to the point where almost all formal commodity markets where “finance” is present now, regretably, dance to the tune of finance..hence my original post on cocoa price manipulation.

    It turns out, if you look deep enough, that this type of manipulation forms the basis of most all of western finance…it is built on sand…and now many nations, having witnessed western wars and aggression for decades, transference of poverty to many, for the enrichment of the few, have resolved to remove that sand.

    It is obvious to the world that Wall Street has become an arm of US, and part of western, foreign policy…hence Obuma non regulation.

    Empires don’t die without a fight.

    That so many in the west fail to see this is a tribute to the power over thought exercised by the west on its own population over the years..something James has spoken about, and been whipped for by those same dumb fucks over here who are too lazy to think.

    The deep capture in the US, by finance, is destroying the US,
    ..it may ultimately destroy the west. The alternatives from Russia and China are equally unpalatable.

    I get the impression that given a decent seat at the table of the New World Order, Russia and China will play along, but will always remain implacably motivated to seek personal ultimate control.

    Be that as it may, to return to your point about gold. Gold is held down by naked shorting paper Comex, and by gearing of 100 to 1 on LBMA.

    Comex lack of position limits effectively creates the situation where paper overwhelms physical, and the naked shorts are able to cap the price.

    Those naked shorts are actually custodians for some ETFs holding gold and silver bullion, a clear comflict of interest. Significantly Comex laws, where longs demand delivery, where supply is becoming more and more difficult, allow for the delivery of shares in those very ETFs, rather than the physical bullion.

    In a sane world outside western corrupt finance, that would be called fraud, since the prospectus of said ETFs when dealing with audit procedures is specifically built to create a fraud,..if the dumb fucks can be bothered to read it. In the event of default the existing holders of share in ETFs would be screwed.

    Speaking of screwing, I was recently informed by a very well connected friend, that gold is “leased” by central banks to bullion banks for a very good reason, as opposed to “swaps” which it really is. The lease carries a “trust document”, that in the event of failure, bankruptcy, of the bullion bank, the return of the gold (which the bullion bank would have sold into the market) to the central bank stands before the rights of deposit holders at said bank.

    Think about that for a moment!

    These conditions were created at the time of the closure of the gold window in 1971…this tells you that conditions now were anticipated in 1971….a tribute to long term planning…planning for the fail of a fiat system (as they all must fail!)
    Now do you understand why this entire economic fuck-up has been planned over decades..and in planning for it, plans were made for what comes next??

    So no, Wulfy, you are not correct, and never will be. What you look at, you can’t see, because you don’t look correctly.

    Every goddammed thing is manipulated, including your perceptions.

    What will play out soon will make for a different world, created for the benefit of a few over the many.
    If that is the book you speak, ..speak it somewhere else!
    If it is that you don’t understand, do some digging, and come back when you do understand what is going down.

    Remember the Golden Rule.

  34. July 15, 2010 at 09:47

    So if we add two things.

    The rights of purchasers of physical gold on Comex over the rights of existing shareholders in certain ETFs

    And the rights of Central Banks over the rights of deposit holders in indebted other banks towards the central banks

    You must realize that there was always an intent to screw the lttle folks, and ultimately return as much gold as possible to the powers.

    To a certain extent this plan has been diluted somewhat by the creation of honest funds devoted to holding actual bullion, rather than funds holding derivatives that mimic the price of bullion via derivatives., but in fact direct funds away from affecting the price of bullion, a nice switch if ever there was one.

    You will note that the Obuma legislation on finance fails to regulate on PMs.

    You have to wonder why so many other nations can see this and are encouraging their populations to purchase PMs, compared to folk like you, allegedly in your words, well educated, who fail to understand.

    Is it deliberate on your part?

  35. July 15, 2010 at 09:49

    Cherry,

    With regards to BP, I have had some interesting conversations from an engineering perspective this week.

    Would you care to elaborate more…please. 🙂

  36. July 15, 2010 at 10:11

    “Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history.”
    Charles de Gaulle

  37. July 15, 2010 at 23:31

    The general gist of the comments were that to have caused such a large problem BP must have been cutting corners in a big way and the problem would not be resolved easily and would have serious ramifications for years to come.

    So then we put that in context with what else has been said…

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