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Sunday, September 22, 2013
Gold And Silver – Fed Taper? Never! Never, Never, Ever!
The proverbial handwriting has been on the wall for quite some time. Lying Ben Bernocchio just sealed the fate of the already doomed fiat Federal Reserve Note, aka the "dollar," along with the financial well-being of most unsuspecting Americans who will be unprepared for what is going to happen, at some point and with certainty. Collapse.
The Fed announcement not to taper was a "surprise" to all mainstream media talking heads[less], who must tow the Party line or join the growing millions of other Americans out of a job. Without the faux fiat injections into the stock market, it would collapse, as it inevitably will, anyway. Those in that market should be prepared for the worst for the worst will happen.
If the Fed were to taper, it would immediately burst the largest financial bubble ever created by central bankers, all under the aegis of abetting Western governments. Rather than burst the bubble and be held accountable, the Fed will keep feeding the financial tapeworm until the host Western world is utterly consumed.
All pension funds are under the same duress. The ultimate victim[s] is all of America as Ben and the Boyz steal what remaining "wealth" is available through their fiat Ponzi scheme, in place ever since the Federal Reserve Act of 23 December 1913.
We are all trapped in this ultimate Weimar-type bubble created by central bankers using exactly the same banking system in place under the Weimar Republic. Details are of no consequence because they have been known for decades and ignored all throughout.
Who are some the beneficiaries of all this future trauma and trouble?
Those who own and personally hold physical gold and silver. No paper promises, which are ultimately IOUs, and when push comes to shove, which it surely will, good luck trying to collect on them. If the M F Global theft does not resonate with any paper holders, then nothing will.
All Western banks are insolvent, all Western governments are insolvent, and almost all of the Western population remains ignorant. The Nobel Peace Prize winner has been pushing hard for starting another war. Who stepped in to stop war in Syria, and most likely triggering a greater war conflagration? Putin, of so-called "Evil" Russia, [in the minds of too many Americans unable to think for themselves].
It is never about what the government-controlled media wants Americans to "think."
Why does Obomba want war? To save a few hundred Syrians from chemical warfare, the same US renown for using Agent Orange in Viet Nam, among chemical use in other wars, as well? It is not about saving Syrians. It is about preventing Russia from building a natural gas pipeline through Syria. Once that happens, and it will, the United States becomes even more irrelevant on the world stage than it already is.
With a natural gas pipeline, Russia controls the energy Europe needs to stay warm during the cold winters. Why do you think Britain all of a sudden backed off from backing Obomba from bombing Syria? The United States has slipped into third world conditions already, as the country continues to decline. But not to worry Americans, the debt ceiling will be raised once again as the added debt will eventually raze the country even more.
The war-like US president was Put-in his place by the rest of the world, tired of this country starting wars in the Middle East, and tired of the US exporting its toxic Treasury Bonds to the rest of the world. No one else want to buy US bonds. Despite Lying Ben testify under oath in front of [a puppet] Congress that the Fed would not monetize the US debt, that is exactly what he has been doing. The Fed is the only buyer left willing to buy US-issued debt.
The Ponzi bubble is bigger than most can imagine.
What Western central planners have been doing is suppressing gold and silver in order to keep their sorry lives alive. In the process, the destruction of people's financial well- being is unabated. Look at Greece. Look at Cyprus, Ireland, Spain. India is now under the fiat-gun and suffering. All of these countries are but symptoms of unchecked, forced, government-issued fiat debt.
If you want to know why the fundamentals and unprecedented demand for gold and silver has failed to follow the natural law of supply and demand, it is because both have been unnaturally treated by central bankers. The metals are anathema to the issuance of paper fiat, and competition must be eliminated, at all costs.
The world of central bankers is bursting at the seams as more and more people are unwilling to bow to the pressures of oppressive governments. This is why the likes of Julian Assange, Edward Snowden and all other whistleblowers are being tracked down like animals, to keep the truth from the governed.
From Leonard Cohen's Anthem, "There is a crack in everything. That's how the light gets in."
The greatest antidote to government-issued fiat has always been gold, and silver to a lesser extent but becoming as important a financial safe harbor.
Gold and silver may ultimately head higher, [and higher and higher], but for now, charts say not yet. Still NMT, [Needs More Time]. We will always advocate the continual buying and holding of the physical metal, [silver, too], for the above opinion should be akin to Paul Revere's ride through every Middlesex village and farm, alerting everyone that the British were coming, and the American Revolution got underway.
"The Central Bankers are here!" Buy gold and silver!
As long as the paper futures market remains "viable," at least until the COMEX acknowledges there is no more gold and silver available for delivery, as will be the case, we use them as a "looking-glass" for immediate price determination.
The weekly trend is down. There remains bearish spacing and no indication of a change in this status. A 50% correction of the last swing low to swing high is 1297, and price has yet to close under that level. It is just a guide and not an absolute, and it tells us of relative strength or weakness should it hold or fail to hold.