Oh how quickly we forget, especially when we never
knew. You would think by now that one of
the greatest setbacks to our economy in the last 100 years would be studied
more, given that we are still trying to climb out of it going on six years
later.
I read an article this morning (see link below) that
basically said that Bear Stearns (remember them? They are the ones that were bailed out first in
2008 and then were sold to JP Morgan for pennies on the dollar) didn’t fail because
of the mortgage crisis but rather because they were very short on gold and
silver and they couldn’t meet margin calls.
My point isn’t whether or not this report is true (although I suspect
that it is), my point is that the financial media are ignoring the story. Not just this story but the whole long
history of price manipulation that makes a mockery of what we like to call a
market based system. If Bear Stearns was
very short on silver and gold as part of a 100 years long effort to suppress precious
metals prices, and that position led to their downfall, doesn’t it behoove the
press to delve into the matter? Or
Congress for that matter?
JP Morgan bought Bear Stearns and they have assumed the
mantle of price smasher extraordinaire.
Does this activity serve the public or serve China and India who are
wise enough to stock up on assets with lasting value at the expense of fiat
currencies which have been debased beyond the tolerance of the prudent
investor? Does anyone doubt that the
prices of silver and gold are like a coiled spring that has been suppressed to
the point where there is no more give?
Has anyone noticed that despite all the talk about gold being a relic,
JP Morgan is very long now? (they understand springs perhaps) They can no
longer dump gold on the market (it’s long gone)and outright shorting is a
recipe for going the way of Bear Stearns, so their last gasp is to use trading
algorithms to drive prices down. Is
there no reporter out there outside the gold and silver camps that can
understand this well enough to blow the whistle?
If you have any doubt that MiLords are in control, that we
suffer at the hands of an Oligarchy, that wealth is being bled from us at an
accelerating pace, look no further than the silence of the mainstream media. The regulators have been silenced and this
has not been reported. The market has
been tampered with beyond recognition.
Inflation is not being reported accurately. Unemployment is understated. Real wages are plunging. And all we hear is the sound of silence.
So if you go to the trouble to read this one story, ask
yourself the question: is this not worth headlines? Would this not portend a coming crisis of
even greater magnitude? Is this whole
sordid mess more about treason than it is about shorting gold?
1 comment:
I might be the one hand clapping for your posts, that I enjoy very much. I will post this url to FB and other places I post and get you some more discussions.
All I can tell you is that we are living in the imagination of Contorto Distorto. We are on an even horizon of the wealth crush of the world. Not looking forward to its aftermath.
Indeed, a late acquaintance of mine was a gold dealer. He was a fan of Lloyd Blankfein and spoke often about the cleverness of it all. One day he told me that the GS boys were sending boatloads of gold to Panama. You know the place where Obama wanted a free trade deal? Very secretive banking system too.
Post a Comment