Monday and The Doctor Is In
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On manipulation i disagree ! You will see you will see ! With all do respext ! https://www.youtube.com/watch?v=9WlqW6UCeaY
I wish the government would send somebody to tie my shoes so I could go for a walk. What’s wrong with that, come on guys, especially you Mr. Tracy.
Try loafers!
good one AL. I’m still giggling
Al,
Thanks for acknowledging my point. It is less important whether they “manage” on daily basis since we cannot use the information reliably.
However, if you check the price move, you can see, almost every day, price dip on the opening and price dips on closing. The price also drops consistently before the COMEX open. I cannot remember when it is the last time it did not do it. Someone said it is 120 out of 130 days something. Since the price was nearly flat for a year, the chance for price going up and down is 50%, slight favoring upside. This strange move is smaller than six sigma event which means it may happen once in a billion years. I am a physics PH.D so I can calculate the probability if I want but trust me it will not happen in real world.
John Embry has studied this gold/silver manipulation since 1990s. He forecasted the gold up move before 2000 based on the fact the manipulator eventually has to let up due to the lack of the metals. Is it possible to invite him to the show? It is also nice to bring Jeff Deist to talk about this topic again.
BTW, I don’t deny banks are taking advantage in this market. Why do they care if the loss is for tax payers and winning is for them.
Thanks a lot.
I really hope that I made myself clear. Gold is clearly not in a free market all of the time. I certainly acknowledge that. Is it a high priority to manage on a daily basis by the govt? I really don’t think it is.
See my comments below . I think we Are in agreement
I can see now where this is a truly confusing issue and yes, if I understand you correctly, we are in agreement.
It is obvious that gold/silver don’t trade under the guise of a totally free market. Is a market free when someone or something has the ability to affect the price of a commodity? Of course not. The bullion banks, as defined by Rick, certainly can affect prices. And, they will do that for their own advantages. They want to make all the profits that they can. Is that moral? Absolutely not! And, the players for these institutions should be summarily punished.
I would maintain that if the price of, in this case, gold were appreciating very rapidly in response to negative conditions the govt would definitely want to reduce as much as possible the perception of these negative conditions. Why? Simply because perceptions can in many cases make the situation much worse. In this case I believe that it would do everything in its power to reduce those perceptions.
That is far different from controlling the price daily.
Excellent point Al.
I cant remember the fellows name now, Adrian Day maybe?
His work showed years of manipulation but it was by the lbma and comex.
Yes Lawrence, at opens and closes, think he showed that if a person bought at opening and sold at close you made money consistently, might have been buy at close sell at open I forget.
As for the government manipulating I think it was Johnston that outright said, no way will anyone make money in PMs we’ll make sure of it.
That was in the sixties when silver was dropped from the currency.
I honestly don’t understand how people cant see manipulation, we don’t have markets, we have interventions.
I think PMs as everything else will rise in price, but there are those out there that want an orderly increase.
Golds had the same purchasing power since the time of Nebacaneezer, I expect that to continue.
Thanks bb
Al, I don’t want you to change the topic. Manipulation and manipulation on daily basis are different topics. The latter is a lot harder to prove. My original question is former.
I just looked up Adrian Day, it wasn’t him, the fellow Im talking about died a couple years ago, his worked shows PMs are manipulated on a daily basis.
Cant remember his name tho, maybe it will come to me.
Okay, then the question is by whom or what.
Corporate Power is Protected – The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite.
The government, banks etc, its fascist, take your pick, its all of them and nothing can be pinned on any of them.
I googled your first paragraph bb, and I stand corrected. Thank God we all learn from each other.
Interesting to find out we are fascists isn’t it?
How can fascism be bad when we are the “good” guys?
What an interesting question, bb.
But are we really? Do we have a dictator or a popularly elected president. You may not like the current president, but he was elected. You may not like the representatives or the congressmen, but they are elected.
So are we saying here that they are not elected because the elections have no meaning?
I don’t think things are that difficult, its walkin and quackin like a duck.
I posted the 14 characteristics of fascism below.
A couple may have changed a little bit over time but they are pretty obvious today.
We are fascist and have been since jfk, 30 million people the U.S. is responsible for killing since the 2nd world war.
Maybe the states were fascist before jfk and Eisenhower, maybe they just tried to change it.
I really don’t know, but there is nothing I know of that can be done to change it anyway.
Adrian Douglas, he worked with gata
He showed that PMs are manipulated every day at open and close.
If anyone cared Im sure gata keeps a record of his work.
good one bb……………….
Thanks Alan, I did not know about that site.
I firmly believe the gold market is being manipulated. The price action is clear.
Just look at today’s price action. It went opened down, move up slowly and steadily, looked like it would break out a little and then, bang, it gets hit.
I’ve seen too many natural moves up followed by swift take downs.
Doesn’t seem like a natural market to me
But I have to ask again, James. Who or what is doing the manipulating?
Fourteen Defining
Characteristics Of Fascism
By Dr. Lawrence Britt
Source Free Inquiry.co
5-28-3
Dr. Lawrence Britt has examined the fascist regimes of Hitler (Germany), Mussolini (Italy), Franco (Spain), Suharto (Indonesia) and several Latin American regimes. Britt found 14 defining characteristics common to each:
1. Powerful and Continuing Nationalism – Fascist regimes tend to make constant use of patriotic mottos, slogans, symbols, songs, and other paraphernalia. Flags are seen everywhere, as are flag symbols on clothing and in public displays.
2. Disdain for the Recognition of Human Rights – Because of fear of enemies and the need for security, the people in fascist regimes are persuaded that human rights can be ignored in certain cases because of “need.” The people tend to look the other way or even approve of torture, summary executions, assassinations, long incarcerations of prisoners, etc.
3. Identification of Enemies/Scapegoats as a Unifying Cause – The people are rallied into a unifying patriotic frenzy over the need to eliminate a perceived common threat or foe: racial , ethnic or religious minorities; liberals; communists; socialists, terrorists, etc.
4. Supremacy of the Military – Even when there are widespread domestic problems, the military is given a disproportionate amount of government funding, and the domestic agenda is neglected. Soldiers and military service are glamorized.
5. Rampant Sexism – The governments of fascist nations tend to be almost exclusively male-dominated. Under fascist regimes, traditional gender roles are made more rigid. Divorce, abortion and homosexuality are suppressed and the state is represented as the ultimate guardian of the family institution.
6. Controlled Mass Media – Sometimes to media is directly controlled by the government, but in other cases, the media is indirectly controlled by government regulation, or sympathetic media spokespeople and executives. Censorship, especially in war time, is very common.
7. Obsession with National Security – Fear is used as a motivational tool by the government over the masses.
8. Religion and Government are Intertwined – Governments in fascist nations tend to use the most common religion in the nation as a tool to manipulate public opinion. Religious rhetoric and terminology is common from government leaders, even when the major tenets of the religion are diametrically opposed to the government’s policies or actions.
9. Corporate Power is Protected – The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite.
10. Labor Power is Suppressed – Because the organizing power of labor is the only real threat to a fascist government, labor unions are either eliminated entirely, or are severely suppressed.
11. Disdain for Intellectuals and the Arts – Fascist nations tend to promote and tolerate open hostility to higher education, and academia. It is not uncommon for professors and other academics to be censored or even arrested. Free expression in the arts and letters is openly attacked.
12. Obsession with Crime and Punishment – Under fascist regimes, the police are given almost limitless power to enforce laws. The people are often willing to overlook police abuses and even forego civil liberties in the name of patriotism. There is often a national police force with virtually unlimited power in fascist nations.
13. Rampant Cronyism and Corruption – Fascist regimes almost always are governed by groups of friends and associates who appoint each other to government positions and use governmental power and authority to protect their friends from accountability. It is not uncommon in fascist regimes for national resources and even treasures to be appropriated or even outright stolen by government leaders.
14. Fraudulent Elections – Sometimes elections in fascist nations are a complete sham. Other times elections are manipulated by smear campaigns against or even assassination of opposition candidates, use of legislation to control voting numbers or political district boundaries, and manipulation of the media. Fascist nations also typically use their judiciaries to manipulate or control elections.
From Liberty Forum http://www.libertyforum.org/showflat.php?Cat=&Board=news_constitution&Number=642 109&page=&view=&sb=&o=&vc=1&t=-1
I would maintain that the following of the 14 characteristics listed above do not apply to the U.S.:
14, 12, 11, 10, 8, 7, 5, 4, 2, and 1.
Sorry
! no flags flying in the U.S.? lol, My friends and I always get/got a laugh at how much ra ra there is in the states with so many flags.
2 disdain for human rights!!? give me a break Al, the U.S. just killed how many children in Iraq? How much torture in Poland and Guantonamo? I could go on and on, Im afraid if you don’t see that now you never will.
#4 supremecy of military Al?!!! Im afraid you really are blind, sorry.
I wont go any further Al. I wonder how many people don’t see it?
They say ra ra we #1 we have huge military, then when its pointed out that’s fascism you say that’s not how it is in the U.S. The US has a budget how many times bigger than the next dozen or so countires military spending?
Al, really, if you cant even see that, well, I don’t know what to say about that I guess.
The US is a fascist police state.
Bb, you might find this interesting…
http://www.youtube.com/watch?v=qAJT77FSvxs
It is interesting Mathew.
Just my opinion but I figure the governments are more run by the unelected people that seldom change, head of the cia or nsa, a general or admiral here and there for example.
Obviously large corporations.
Don’t really know if voting has anything to do with anything, Ron Paul people are still trying to figure that one out last I herd, Lawyers for Ron Paul, or whatever they were called, don’t hear about them anymore.
Its just plain ol fascism, but we shouldn’t really talk about it, not that its bad government or anything, its just its sill a secret.
I have no idea how it ever got a negative connotation.
Okay. Remember we listen to all people here.
Supremacy of military – I don’t see it as being anymore than it was when I was a kid;
Disdain for human rights – I agree with your concept of collateral damage. No question about that. I think that Iraq, and for that matter much of the situation in the Middle East, is disgraceful and wrong. The question is not all that simple though;
Flags – Sure outside government buildings. True some houses fly flags (mine does). What is wrong with having a bit of pride. My grandfather, a Polish immigrant was so happy to be living over here that he flew an American flag in front of his home and was proud to do that. Incidentally, all my immigrant relatives and their friends were so happy to be over here and not in Russia after 1917 that was a pretty common topic of conversation. Sorry I love my country and what it stood for when I was younger. By the way, I spend a lot of time in Canada and I see an equal number of flags there.
Military spending – Well okay.
Guantanamo- What should be done with those folks?
Wow. ok Al.
Al, I never said people shouldn’t be “proud” or fly flags, I said they are.
(the US outnumbers canadas display of flags beyond comparison)
This does not negate that Canada is a puppet state of the US now.
Promoting patriotism is part of what fascists do.
Ever notice the clapping for the military at sporting events?
Just slight glorification there I would say.
I did’nt say anything about “collateral” damage, one of the 14 characteristics of fascism is disregard for life/human rights.
We could go down the list but I really don’t see any point Al, (after my initial shock)
I thought for sure You were joking.
But as your not its ok.
As for Guantonomo or rights or police confiscating funds or shooting people, being spyed upon etc. or the US creating groups like isis invading other nations etc
There is absolutely nothing you or I or Ron Paul can do about it, the whole system has to burn down.
Did I ever say that I disagree with you last sentence?
Except if you were “pullin my chain” you just got me hook line and sinker.
Seriously, Al?
Kind of!
If you are referring to my comment about fascism, yes I am serious. Sure there are some similarities but I really take issue with some of the characteristics.
My mother, father and both sets of grandparents and all of their immigrant friends were so damn happy to be over here that is all they ever talked about.
This is one of the reasons I am so disappointed today, but that does not mean that I will call the U.S. (and Canada for that matter) fascist states. I would simply call some of the players to be seriously misdireted.
Al, I don’t blame your relatives for being happy to get out of Russia at the time.
The US was a good place for white people then, why wouldn’t they want o be here?
But check out “Andy of Mayberry” for example, his uniform, thinking, attitude etc
Check out the swat teams, the difference in the way the police relate to people today,
you honestly don’t see the difference?
Maybe just research the NDAA.
The US has changed since your relitives arrived.
I will grant you that, bb!
I do agree that a big con that benefits from plenty of moral hazard does require the active cultivation of its participants’ confidence.
On gold, I agree that there will be no sudden breakdown.
Doc.
Want to know if fed pronounces end of tapering on wed. then market will plummeting most likely but if they start QE again then what? how gold effects by that and also the conventional market? Or no way they can not reverse the mother nature this time? thank you.
The terminology is the problem here.
The government is the enabler. The big banks are the manipulators (too big to fail or jail). They buy the politicians and populate the offices of government regulation with their spawn, and likewise the Fed. The Federal Reserve is neither Federal nor does it have any reserves–but it does have the power to create money out of thin air and thereby bleed the wealth of nations and move markets by their whim.
It’s not that central banks lack the potential to do a lot of good; they just choose to do the greater share of it for a select few of their cronies rather than advance global prosperity for all.
Thus the problem with power is that abuses set in when it collides with human nature. Greed eclipses everything when power goes unchecked and instead is allowed to freewheel it. ….And the big banks object lesson in abuse.
The problem is sin, specifically, the taking of usury. Usury is the destroyer of nations. Fed loans money into existence. How is it going to get it back AND THEN SOME? . . . unless it prints the interest as well. Oops! Finite Fed is not infinite. Man will never be God.
Of course, man will never be God!
Great comment bj.
We will be doing a number of editorials on this subject over the next few days.
This is somewhat off-topic but worthwhile…
http://www.youtube.com/watch?v=nEUPQUCeyOg&list=UUsgWR55UyAiFarZYl1u1l9Q
I have never heard of Mr. Woods, but I will say that he seems to be doing a good job.
Tom Woods is excellent at debunking much of the nonsense taught in most schools. Speaking of which, those who think that Bill-O did a good job on Lincoln should look up Tom’s friend, Thomas DiLorenzo, author of the book The Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary War.
Btw, you did have Woods on your show last year, but I don’t recall who did the interview. It might have been Jeff Deist.
When Gold finally bottoms,
Then all the manipulation of the gold price talk will end.
Because thats when gold’s price will rise, so people who are wrong will no longer have to justify that they are actually right (other than using external manipulation as an excuse).
Human nature is to blame own faults & often incorrect decisions on others.
Thats exactly why history is littered with wars.
Gold is no different.
If you walked up & put your money down at the wrong time then thats no ones fault other than your own.
……instead of blaming manipulation, why not blame yourself ?….there is always money to be made in a market somewhere….its just that you personally have made a poor short or longer term financial decision in the wrong market.
Good luck.
Cheers.
There are a few of us who don’t blame manipulation for anything. We simply recognize that it exists. Deniers are both blind and gullible.
Doc, with volatility seemingly on the rise, I would not be surprised then if the S&P slipped back down to 1900 or so (long-term trendline support) in the coming weeks. Looks much like November/December 2012, no?
I also understand a trend is only a trend until it’s not a trend anymore. So if I were to go short here all things considered, I’m thinking I’d keep my position relatively small.
Skeeta…..great post. Spot on.
Lets not forget the PPP was formed in response to the cataclysmic stock crash of Oct 1987 – a good thing some may argue.
Only a fool would argue that a Marxist approach is a good thing. The “free market” has taken a lot of undeserved heat for the actions of the central planners. The masses only know a twisted account of history that they’ve been indoctrinated with.
“Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientific one, worked out as we figure a mathematical equation.” (Congressman Charles A. Lindbergh, The Economic Pinch, 1921.)
READ:
http://www.ourrepubliconline.com/Author/112
Great site, Matthew. Have shared it many times with family and friends over the last few years.
I don’t neccessarily agree with the PPP, but i can see why it was formed. The Dow dropped 22% in one day. A panic like that could lead to many people losing their jobs if the fundamentals of the economy are still ok.
p.s. i’m not a fool lol !
And, neither am I karl.
Thanks for your comments!
I’m not a marxist. Not sure where you got that idea. I agree government should be smaller, ideally about 15-20% of an economy – as in pre Fed.
I did not call you a Marxist. The Fed and the PPP are completely Marxist. Those who think that the PPP is good for the markets and the people, in any way, need to educate themselves.
They are only a good thing if they work and stave off financial calamity!
I disagree, Al. Maybe you should see where Jeff Deist stands on that.
I say, let the assets of bad businesses transfer to stronger, more capable hands rather than subsidizing failure.
I’m not for QE for any reason, but wouldn’t it make slightly more sense to give it to households rather than the special few who caused most of the problems?
http://finance.yahoo.com/news/instead-qe-fed-could-given-094500275.html
YES THEY DO GENTLEMEN…….NOW MORE THAN EVER ON A DAILY BASIS !!!!!!!
Anyone with eyes who can observe the daily gold trading charts can easily see that the manipulation is on-going on a daily basis. To say it’s not happening on a daily basis is idiotic. It has to be done daily to hold the price down at these artificially criminally depressed prices.
Yes, governments, led by the US are probably the manipulation culprits, but they must be using their bankster agents/partners in crime to do the actual fake gold selling on the make believe paper markets such as the CRIMEX. Governments and banksters working together and all owned by the unspeakable power of the criminal Rothschilds cabal.
I would counter with facts and less emotion by saying why is gold up 3400% ($35 to $1225) since 1971 and the Dow is only up 1900% (850 to 17000) ?
Gold has significantly out performed the Dow since 1971.
Yes, and gold would be at $5,000+ if it had kept up with M1 money supply growth —never mind the broader aggregates.
No they don’t manipulate to maintain confidence in markets; when it comes to gold and silver they manipulate metals to maintain confidence in fiat currencies.
If confidence in the debt based fiat currencies is lost nothing else is going to matter and the sheeple believe that the fiat currencies are linked to gold and silver even when you prove to them that they are not. The whole thing is a psychological manipulation to defend the status quo. As a matter of law it wouldn’t matter if gold and silver were a billion dollars an ounce each. The metals and their price in fiat do not back up or give value to the fiat currencies in any way from a legal stand point. The price of consumer goods that use the metals might go up but it has no legal effect on the currencies. What it does effect though is perception that something that isn’t true is true and that the fiat currencies have value because of popular belief that they do and that they did and do have metallic backing which they really don’t. Maintaining the belief in a lie is everything to the con artists known as governments and financial institutions. If the truth was accepted as self evident all would be lost and the world as we know it would end. All Ponzi schemes end badly once the truth is known and accepted.
DEFLATION OF BANKERS IN PROCESS ! http://www.zerohedge.com/news/2014-10-24/banker-suicides-return-dsks-hedge-fund-partner-jumps-23rd-floor-apartment