The Telecrap Urinal » Finance

Where did Your Retirement Savings Go?

Ed A. Tor — Sun, 11 Jul 2010 14:27:39 +0000

Once you understand that all paper investments are part of a rigged game, you can position yourself in such a way that you can protect yourself from the Casino Gulag Economy.

In late 2007 – early 2008 the economy crashed on a global scale under the weight of a giant ponzi scheme perpetrated by Wall Street, the regulatory agencies, and the mass media. Millions of hard working people had over 50% of their retirement savings wiped out virtually overnight.

This was not a random event. It was a deliberate and calculated institutionalized theft of wealth taken from the middle class and transferred to the world’s elite who control the financial system.

BUY GOLD AND SILVER AT WHOLESALE PRICES

The following documentary is an interview with Richard Andrew Grove, who back in 2003 was a naive software salesman selling a product to keep financial fraudsters from ‘cooking the books’. During his tenure he discovered a back door in the software that would allow fraud to be perpetrated on such a massive scale, that is was mind-numbing.

Mr. Grove tells the story of his bringing forward hard evidence to his employer, the Securities and Exchange Commission (SEC), and the mass media, and how these entities conspired to silence him using threats and coercion.

This 90-minute documentary will explain what happened to your finances and will make you as mad as hell.

Click here to view the embedded video.

Financial Terrorism: We have been attacked by the wealthy elite

Ed A. Tor — Mon, 17 May 2010 16:45:43 +0000

David Degraw says that the government and corporate America have become an organized criminal enterprise that has seized control of the economy and is bent on destroying the middle class of America. He claims that the evidence of Financial Terrorism is overwhelming.

I agree, and it appears so do most of you.

Click here to view the embedded video.

BANKERGATE: Treasury Secretary Timothy Geithner is a Financial Terrorist

Ed A. Tor — Tue, 12 Jan 2010 03:38:00 +0000

First it was Climategate, then it was Underwear Bombergate and now it is Bankergate. I have long suspected that Timothy Geithner was a Financial Terrorist, and it now seems that my suspicions are being proven correct.

Recently released emails show that this slimy piece of excrement has been implicated in a scandal that is sure to send Washington into a tizzy. I suspect that one of two things will happen: 1) The White House will go into lock-down mode while they come up with some bullshit strategy to make Geithner look like a victim, or if there is no getting out of it, Obama Inc. will throw him to the wolves.

If he is thrown to the wolves Obama will end up pardoning him if he is found guilty. You can take that to the bank! Also Paulson is part of this equation to. He is just as big of a Financial Terrorist as Geithner and his day his coming. Ditto for Lloyd Blankfein. Tell me something Lloyd is this still God’s work? Karma’s a bitch eh matey!

From Bloomberg.com

Geithner’s Fed Told AIG to Limit Swaps Disclosure (Update3)

By Hugh Son

Jan. 7 (Bloomberg) — The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.

AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008. The e-mails were obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee.

The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The regulator decided that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the swaps, prompting lawmakers to call the AIG rescue a “backdoor bailout” of financial firms.

“It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information,” said Issa, a California Republican. Taxpayers “deserve full and complete disclosure under our nation’s securities laws, not the withholding of politically inconvenient information.”

Geithner Had ‘No Role’

“Secretary Geithner played no role in these decisions,” Meg Reilly, a Treasury spokeswoman, said in an e-mail. “He was recused from working on issues involving specific companies, including AIG,” after his nomination for Treasury secretary on Nov. 24, 2008. Geithner “began to insulate himself weeks earlier in anticipation of his nomination,” she said in a separate statement.

Geithner, who was tapped by President Barack Obama, took the Treasury job in January, 2009. Mark Herr, a spokesman for New York-based AIG, declined to comment.

Issa requested the e-mails from AIG Chief Executive Officer Robert Benmosche in October after Bloomberg News reported that the New York Fed ordered the crippled insurer not to negotiate for discounts in settling the swaps. The decision to pay the banks in full may have cost AIG, and thus taxpayers, at least $13 billion, based on the discount the insurer was seeking.

The e-mail exchanges between AIG and the New York Fed over the insurer’s disclosure of the transactions show that the regulator pressed the company to keep details out of the public eye. Issa’s comments add to criticism from Republican lawmakers, including Senator Chuck Grassley of Iowa and Representative Roy Blunt of Missouri, who wrote letters in the past two months demanding information from Geithner, 48, about the costs of the AIG bailout.

E-mail ‘Troubling’

Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, said the e-mail exchanges were “troubling” and that he supports holding congressional hearings to review them.

AIG’s Dec. 24, 2008, filing was challenged privately by the U.S. Securities and Exchange Commission, which polices the adequacy of disclosures by publicly traded firms. The agency said in a letter to then-CEO Edward Liddy six days later that AIG should provide a Schedule A, which lists collateral postings for the swaps and names the bank counterparties that purchased them from the company. The Schedule A was disclosed about five months later in a filing.

Securities Lawyers

“Our position has always been that if AIG’s securities lawyers determine that AIG is legally obligated to make a particular filing or disclosure, then that is what AIG must do,” Thomas Baxter, general counsel for the New York Fed, said in a statement. He said it was appropriate for the New York Fed, as party to deals outlined in the filings, “to provide comments on a number of issues, including disclosures, with the understanding that the final decision rested with AIG’s securities counsel.”

Kathleen Shannon, an AIG deputy general counsel, wrote to the insurer’s executives in a March 12, 2009, e-mail about the conflicting demands from the New York Fed and SEC.

“In order to make only the disclosure that the Fed wants us to make,” Shannon wrote, “we need to have a reasonable basis for believing and arguing to the SEC that the information we are seeking to protect is not already publicly available.”

Deutsche Bank

Under pressure from lawmakers, AIG disclosed the names of the counterparties, which included Deutsche Bank AG and Merrill Lynch & Co., on March 15. The disclosure said AIG made more than $27 billion in payments without identifying the securities tied to the swaps or listing the value of individual purchases by each bank, details the Fed wanted to keep out, according to the March 12 e-mail from AIG’s Shannon.

Earlier that month, Fed Vice Chairman Donald Kohn testified to Congress that disclosure of the counterparties would harm AIG’s ability to do business. The insurer agreed to turn over a stake of almost 80 percent in connection to its bailout.

The e-mails span five months starting in November 2008 and include requests from the New York Fed to withhold documents and delay disclosures. The correspondence includes e-mails between AIG’s Shannon and attorneys at the New York Fed and its law firm, Davis Polk & Wardwell LLP. Tom Orewyler, a spokesman for Davis Polk in New York, declined to comment as did Shannon.

According to Shannon’s e-mails obtained by Issa, the New York Fed suggested that AIG refrain in a filing from mentioning so-called synthetic collateralized debt obligations, which bundled derivative contracts rather than actual loans.

‘No Mention of the Synthetics’

The filing “reflects your client’s desire that there be no mention of the synthetics in connection with this transaction,” Shannon wrote to Davis Polk on Dec. 2, 2008. “They will not be mentioned at all.”

AIG had about $9.8 billion of swaps protecting the synthetic holdings as of September 2008, the company said on Dec. 10, 2008. Goldman Sachs said in a press release last month that it was among banks that had losses on synthetic CDOs.

As part of a bailout that swelled to $182.3 billion, AIG and the Fed created Maiden Lane III, a taxpayer-funded facility designed to remove mortgage-linked swaps from the insurer’s books. Shannon told the New York Fed on Nov. 24, 2008, that AIG executives wanted to publicly disclose details about Maiden Lane the next day.

“Do you think it might be feasible to hold off on the Maiden Lane III 8K and press release until next week?” Brett Phillips, a New York Fed lawyer wrote in an e-mail that day. “The thinking is that the Maiden Lane III closing will be a less transparent event, and it might be better to narrow the gap between AIG’s announcement and the New York Fed’s publication of term sheet summaries.”

‘Guided By Your Counsel’

“Given the significance of the transaction, AIG would be best served by filing tomorrow,” Shannon wrote. “We will of course be guided by your counsel.” The document outlining the Maiden Lane agreement was posted on Dec. 2, 2008.

In at least one instance, AIG pushed for documents to be disclosed and then released the information.

“We believe that the agreements listed in the index (i.e., the Master Investment and Credit Agreement and the Shortfall Agreement) do not need to be filed,” Peter Bazos, a Davis Polk lawyer wrote on Nov. 25, 2008. “Please let us know your thoughts in this regard.”

AIG’s Shannon replied that “the better practice and better disclosure in this complex area is to file the agreements currently rather than to delay.” The agreements were included in the Dec. 2 filing.

More details of the negotiations over swaps payments emerged in November 2009 when Neil Barofsky, the special inspector in charge of policing the Troubled Asset Relief Program, assessed the Fed’s role in the bailout.

‘Entitled to Know’

“Federal Reserve officials provided AIG’s counterparties with tens of billions of dollars they likely would have not otherwise received,” Barofsky wrote in a Nov. 17 report. “The default position, whenever government funds are deployed in a crisis to support markets or institutions, should be that the public is entitled to know what is being done with government funds.”

The New York Fed may eventually recoup its loan to Maiden Lane III, the vehicle that obtained CDOs from the banks after paying to cancel the swaps, Barofsky wrote. According to a New York Fed report, the value of securities and cash held in Maiden Lane III climbed 4.5 percent to $23.5 billion in the three months ended Sept. 30.

AIG’s first rescue was an $85 billion credit line from the New York Fed in September 2008. The bailout was expanded three times and is valued at $182.3 billion. That includes a $60 billion Fed credit line, an investment of as much as $69.8 billion from the Treasury and up to $52.5 billion for Maiden Lane facilities to buy mortgage-linked assets owned or backed by the company.

To contact the reporter on this story: Hugh Son in New York at hson1@bloomberg.net

From Prison Planet.com:

Steve Watson
Prisonplanet.com
Monday, Jan 11, 2010

Explosive emails released last week could see Treasury secretary Timothy Geithner become embroiled in criminal charges for his role in a cover up that exposes the monumental criminality behind the $182.3 billion bailout of American International Group Inc.

In November and December 2008, The Federal Reserve Bank of New York instructed the bailed out AIG to hide from the public details regarding payments the insurance giant made to banks, including Goldman Sachs Group Inc. and Societe Generale SA.

Using Fed secured taxpayer bailout money, AIG paid several banks 100 percent of the face value of credit-default swaps, as other financial institutions were negotiating deep discounts for the unregulated paper assets that do not have to be backed by cash.

The decision to pay the banks in full may have cost AIG, and therefore taxpayers, at least $13 billion over the odds.

The “backdoor bailout” of the banks, as it has been dubbed was exposed in March 2009 after the SEC challenged AIG’s filing, however, e-mails obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee, have re ignited the situation as they conclusively expose a collusion between AIG and the Fed to deceive the public.

The e-mails between company and regulator, released last Thursday, show that The New York Fed crossed out reference to the payments and that AIG also omitted the details when the Securities and Exchange Commission filing was made public on Dec. 24, 2008.

The emails, the content of which are highlighted in this Bloomberg News article, also show that the Fed wanted numerous other details about the AIG bailout withheld or delayed from public oversight.

“It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information,” said Issa, a California Republican. Taxpayers “deserve full and complete disclosure under our nation’s securities laws, not the withholding of politically inconvenient information.”

Despite denials from the Treasury and the New York Fed that Geithner was involved in the scandal, as the President of the New York Fed at the time, his head now rests firmly on the chopping block where he awaits his fate.

Issa is seeking more information from the New York Fed on the matter, following the statements of general counsel Thomas Baxter, who declared in a letter in defense of Geithner Friday “In my judgment, as the New York Fed’s chief legal officer, disclosure matters of this nature did not warrant the attention of the president.”

“It’s a staggering admission by Mr. Baxter that he felt strong enough that Secretary Geithner wanted him to limit AIG’s disclosures on counterparty payments to the SEC that he says he didn’t even feel a need to bring the details to his boss’ attention,” Issa said in a statement. “This letter raises more questions on the inner-workings of the New York Fed during one of the most pivotal periods in our nation’s history.”

Geithner’s extensive connections to Goldman Sachs also raise serious questions, given that the investment bank directly profited from the AIG payments.

Geithner’s predecessor and Treasury Secretary at the time all of this unfolded, Hank Paulson, also once served as Chairman and Chief Executive Officer for Goldman Sachs, after working for the firm for decades.

Paulson rammed through the bailout of AIG with threats of financial armageddon and physical martial law, claiming he “felt the pain of AIG”, comments for which he was slammed by Republican Congressman Cliff Stearns earlier this year.

AIG’s outstanding debts to Goldman Sachs meant that $13 billion of the money handed over to AIG by Paulson went directly to Goldman Sachs.

Meanwhile, Bear Stearns and Lehman Brothers — both investment banks in direct competition with Goldman Sachs — were not bailed out when bad debt forced them to cease operating under the same circumstances as AIG.

Congressman Stearns pressed Paulson on his conflicts of interest, stating, “Isn’t there some point where you say hey, I’ve got a conflict of interest here, you don’t feel any kind of scintilla of ethics on this thing at all?” Paulson responded by claiming that he got a waiver from the ethics agreement.

Click here to view the embedded video.

Paulson’s appointment, at the height of the financial crisis, of ex-Goldman Sachs executive Neel Kashkari to oversee the distribution of bailout monies also highlights the vast conflict of interest surrounding this scandal.

As the New York Times reported earlier this year, Goldman Sachs effectively bailed itself out. Since that time the bank has been making record profits on trading and now completely dominates the program trading market.This blatantly criminal activity has led to Goldman being labeled “Financial Terrorists” by analysts.Even Rolling Stone magazine has exposed Goldman Sachs’ persistent role in steering and manipulating the economy over the last century.

At the time of the bailout we warned that the so called financial saviours represented nothing more than the old guard of the corporate elite, the very people responsible for the financial crisis in the first instance.

Judge Andrew Napolitano, appearing on Shepard Smith’s Fox News show last week, stated that he believes Geithner could face a criminal probe:

Click here to view the embedded video.

Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, said the e-mail exchanges were “troubling” and that he plans to hold congressional hearings on the matter.

Watch Alex Jones breakdown “bankergate” in detail:

Click here to view the embedded video.

FRAUD -The Movie: One Nation Under Fraud

Ed A. Tor — Sat, 09 Jan 2010 17:30:38 +0000

While the treasonous United States media continues their membership in the criminal Obama cult, this film sheds light on the multiple felony crimes and treason committed by illegal U.S. President Barry Soetoro. Everyone will be talking about the FRAUD.

FRAUD – The Theatrical Trailer

Click here to view the embedded video.

This movie will fall in line with two other riveting documentaries that expose how the President’s office is nothing more than a puppet stage for the New World Order. The Obama Deception and Fall of the Republic

The Obama Deception – Full HQ Movie

Click here to view the embedded video.

Fall of the Republic – Full HQ Movie

Click here to view the embedded video.

Slowly people are waking up to the reality that the political paradigm of left vs right, Liberal vs Conservation, Democrat vs Republican is a sham.

The proof is hiding in plain sight. You just have to open your eyes.

About The Obama Deception:The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people. The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order. He is being pushed as savior in an attempt to con the American people into accepting global slavery. We have reached a critical juncture in the New World Order’s plans. It’s not about Left or Right: it’s about a One World Government. The international banks plan to loot the people of the United States and turn them into slaves on a Global Plantation.

About Fall of the Republic: Fall Of The Republic documents how an offshore corporate cartel is bankrupting the US economy by design. Leaders are now declaring that world government has arrived and that the dollar will be replaced by a new global currency.

President Obama has brazenly violated Article 1 Section 9 of the US Constitution by seating himself at the head of United Nations’ Security Council, thus becoming the first US president to chair the world body.

A scientific dictatorship is in its final stages of completion, and laws protecting basic human rights are being abolished worldwide; an iron curtain of high-tech tyranny is now descending over the planet.

Goldman Sachs Financial Terrorism Run Amok. Dead Soldiers Help Finance Xmas Bonuses.

Ed A. Tor — Thu, 10 Dec 2009 15:35:59 +0000

Yes the Casino Gulag Economy is alive and well in the USA. This week on the Keiser report Max Keiser offers an alternative to dead soldiers to support the financial terrorism enterprises of Goldman Sachs while Stacy Herbert talks about the new iPhone application where you can worship Ronald Reagan.

Max has a conversation with Economist Steve Keen. They candidly discuss the global economy and debt deflation.

Click here to view the embedded video.

CNBC Announces Countdown of Israeli Attack on Iran Has Begun

Ed A. Tor — Fri, 04 Dec 2009 20:05:54 +0000

Yes folks you have heard correctly. CNBC which is owned by NBC, which is owned by GE, which manufactures weapons as part of the Military Industrial Complex, has announced that Israel will attack Iran in March of 2010. Isn’t it nice to know well in advance of the pending attack?

I guess this advance notice would be for a few reasons:

1) To let Israel know so they can stockpile weaponry and put in their order.

2) To let Iran know so they can stockpile weaponry and put in their order.

3) To let investors know that now is a good time to buy shares in GE.

4) To let the media know that they need to get some catchy graphics, slogans, and jingles ready.

5) To let merchandisers prepare commercials to sell consumables to the zombie class.

Isn’t the Casino Gulag Economy wonderful? I have some questions…can I by a futures contract on War? Can I place a bet on which country gets nuked first? Can I buy life insurance policies on random Iranian citizens? Just wondering.

Oh by the way that is just in the first minute of Max Keiser’s ‘On The Edge’. Just imagine what else is in this week’ show!

Click here to view the embedded video.

Somali Sea Pirates Follow Wall Street’s Lead and Set Up a Pirate Investment Fund

Ed A. Tor — Wed, 02 Dec 2009 12:24:39 +0000

In my wildest dreams I could not have dreamed up this story. Reuters is reporting that Somali Pirates have set up investment funds where you can invest in their swashbuckling endeavors. This is no BS. This is not one of those bogus ‘The Onion’ news stories. I swear it is true.

“Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 ‘maritime companies’ and now we are hosting 72. Ten of them have so far been successful at hijacking,” Mohammed said.

“The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials … we’ve made piracy a community activity.”

I wonder if Wall Street will start selling futures contracts on Piracy? This may be the new ‘in’ thing. The next hot investment. Wall Street has robbed the world of its wealth. In effect they are Pirates. Instead of using boats and rocket-propelled grenades, they use computers and high-frequency trading software to manipulate markets and steal. Creating a Pirate Investment Fund would be the next logical step for them.

“Piracy-related business has become the main profitable economic activity in our area and as locals we depend on their output,” said Mohamed Adam, the town’s deputy security officer.

“The district gets a percentage of every ransom from ships that have been released, and that goes on public infrastructure, including our hospital and our public schools.”

Gee we should all be investing in this lucrative enterprise. They need to pump money into building up their infrastructure, hospitals, and public schools. Investing in them so they will invest in their futures to graduate kids with a PhD in Piracy. If they choose to stay home they can manage the local funds. If not they will be well suited to start a career at Goldman Sachs.

Can you make money at this? There are risks but YOU BETCHA!

“Ransoms have even increased in recent months from between $2-3 million to $4 million because of the increased number of shareholders and the risks,” he said.

“Let the anti-piracy navies continue their search for us. We have no worries because our motto for the job is ‘do or die’.”

Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel.

“I am waiting for my share after I contributed a rocket-propelled grenade for the operation,” she said, adding that she got the weapon from her ex-husband in alimony.

“I am really happy and lucky. I have made $75,000 in only 38 days since I joined the ‘company’.”

I think I will see if they have an affiliate program and see if I can make a small percentage for every investor I send their way.

SOURCE: Reuters

The End Is Near: Gold breaks through $1200. Why this is a big deal!

Ed A. Tor — Wed, 02 Dec 2009 10:45:49 +0000

The headline is ominous and I hope it scares the hell out of you. This is a dark day for the world economy as gold has broken through the magic $1200 per troy ounce barrier. Why is this bad? A lot of institutionalized investors, perhaps using your money, have been shorting the price of gold. These institutionalized investors had set a stop limit at $1200, which means that they are cutting their losses and bailing on the short. Now they have to cover. If your money was in the hands of any firms that were shorting gold, you had better check with your bookie, er I mean your financial adviser, as you may have taken a royal ass-whoopin’.

If any of these firms can not cover their shorts, they will either have to declare bankruptcy or get bailed out. Either scenario will mean that your investment has probably been flushed down the toilet. All that is left for you to do is to wipe your butt with some Warren Buffet toilet paper – the US dollar.

Now some of these guys may have seen that their stop-limit was going to be reached and reset the stop-limit to a higher number, hoping the price dropped. That is not going to happen. It can’t because the dollar is trash.

You see, these financial terrorists have been able to ‘fix’ the market in the past by selling off gold for dollars. In effect they were flooding the market with gold and the market would react by a fall in the price of gold. But that trick is not working anymore. Recently the IMF sold off 200 tonnes of gold to India hoping that the price would fall. Instead there was a rise, and for all intents and purposes the gold market has not looked back.

There is a reason that the US Mint is no longer supplying gold and silver American Eagles. Their supply is running short. The demand for precious metals is so high now that the plays of the financial terrorists no longer has an effect.

This is no different than playing roulette at a casino, hence the Max Keiser coined phrase “Casino Gulag Economy”. The days ahead will be very interesting. How many firms will collapse? How many firms will seek another bailout? This is a full-frontal attack on humanity. Prepare thyself. The end is near!

US Mint Ceases Silver Eagle Production due to high demand and other Friday morning ramblings

Ed A. Tor — Fri, 27 Nov 2009 13:36:50 +0000

Huh? What you say? I have always been taught that if demand for something is on the rise that you would attempt to satisfy that demand by making more of what was being demanded. Seems to make sense to me. But for certain it does not make sense to the US Mint.

Demand for 1-troy oz American Silver Eagles has been so high that the mint has decided to stop making them all together. My partner in truth, The Mad Ape, has written an article on this. In fact he is my sponsor right now.

Here is a blurb from his blog on the issue:

BREAKING NEWS: US Mint Suspends Manufacturing of Silver Eagles

Posted by The Mad Ape

BUY GOLD AND SILVER AT WHOLESALE

The US Mint has, effective immediately, suspended all production of American Silver Eagle Coins. If you want to buy this product you need to do it NOW because once this becomes widely known, the price is going to shoot up.

Something stinks here and it is not my feet. I fear a bank holiday may be close at hand with this move by the mint.

FROM THE US MINT SITE:

American Eagle Silver Uncirculated Coin

Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Currently, all available silver bullion lanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Uncirculated Coins will not be produced.

BUY AMERICAN SILVER EAGLES HERE BEFORE THEY ARE GONE

Well that is one way to get rid of your demand problem…just close up the shop. F’ing government madmen. I guess gold will be next.

Speaking of gold, I see that the markets are going nuts for the second Friday morning in a row. Looks like the carry trade is still alive and kicking. These Banksters are doing everything in their power to lower the price of gold and boost the US dollar. They caused a 9% swing last Friday before regulators saw that fraud was afoot and suspend forex trading.

Give it up loons. For every tug you give, us sane people rip it from your hands. We know how you manipulate markets. We know that the dollar is kaput, doomed. We know that you are slimy scumbags that belong in a Turkish Prison.