Tuesday, September 30, 2014
As of Monday afternoon's close, the commodity was trading at $1,216.98/oz.
On Dec 20, 2013, it closed at $1,203.70 which means in a little over 9 months, even with all the little ups and downs, the value of one ounce of gold ultimately has risen a mere $13
Now if you wanted to compare with a year ago, specifically Sept. 27, 2013 when gold closed at $1,339.20, its value has dropped by $130 or thereabouts..
So why is this?
One word.. Manipulation
More broadly explained:
The Federal Reserve (with the Government's blessing) rigs the gold market and devalues its price so not to cause a dramatic devaluation of the trillions upon trillions of paper money via QE its created out of thin air to buttress and bolster the stock market
What exactly do we mean?
The Federal Reserve and its bullion bank agents (JP Morgan, Scotia, and HSBC) have been using naked short-selling to drive down the price of gold since September 2011.
Naked short selling in stock market language is is the practice of short-selling a tradeable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale.
The bullion banks have the ability to print an unlimited supply of gold contracts which are sold in large volumes at times when Comex activity is light.
Generally, on the other side of the trade the buyers of contracts are large hedge funds and other speculators, who use the contracts to speculate on the direction of the gold price.
With us so far? Just do your best..
Contracts sold without underlying gold to back them are called “uncovered contracts” or “naked shorts.”
It is illegal to engage in naked shorting in the stock and bond markets, but it is permitted in the gold futures market.
Still with us? Good.. This is important stuff..
If there were strict requirements that gold shorts could not be naked and had to be backed by the seller’s possession of physical gold represented by the futures contract, the Federal Reserve and its agents would be unable to control the price of gold, and the gold price would be much higher than it is now.
The reason this scheme works is because the majority of the buyers of the contracts are speculators, not gold purchasers, and never demand delivery of the gold. Instead, they settle the contracts in cash.
They are looking for short-term trading profits, not for a gold hedge against currency inflation.
What is occurring is nothing short of insider trading.
The bullion banks that short the gold market are clearing members of the Comex/NYMEX/CME.
In that role, the bullion banks have access to the computer system used to clear and settle trades, which means that the bullion banks have access to all the trading positions, including those of the hedge funds.
Then the bullion banks buy the contracts at a lower price than they sold and pocket the difference, simultaneously serving the Fed by protecting the dollar from the Fed’s loose monetary policy by lowering the gold price and preventing the concern that a rising gold price would bring to the dollar.
Insidious isn't it?
It serves as a warning; a 'canary in a coal-mine' of sorts for aware people that financial and economic trouble are brewing.
For example, between the tech bubble collapse (January 2000) until just before the collapse of Bear Stearns triggered the Great Financial Crisis (March 2008), gold rose in value from $250 to $1020 per ounce, or just over 400%.
Moreover, in the period since the Great Financial Collapse, gold has risen 61% despite claims that the financial system was repaired.
The US economy and financial system are in worse condition than the Fed and Treasury claim and the corrupt corporatist financial media reports.
Both public and private debt burdens are high, and corporations are borrowing from banks in order to buy back their own stocks.
This leaves corporations with new debt but without income streams from new investments with which to service the debt.
So in summary, the combination of high debt and decline in real income means that there is no engine to drive the economy, and you have a continued meaningless tag-line called 'Recovery' doused in the putrid stench of 'Hope'
And with home re-sale prices under $1million as stagnant as salaries and now a manipulated gold market, its harder and harder for tens upon tens of millions of Americans to make it..
Just the way the 1% want it..
~ Yeah right Mr Bullshit.. um.. Buffett..
Posted by Susquehanna at Tuesday, September 30, 2014
Sunday, September 28, 2014
Here's a trivia question...
In May of this year, a government agency put out a written request for the commercial acquisition of the following:
“Submachine guns, .40 Cal. S&W, ambidextrous safety, semi-automatic or 2 shot burst trigger group, Tritium night sights for front and rear, rails for attachment of flashlight (front under fore grip) and scope (top rear), stock-collapsible or folding, magazine - 30 rd. capacity.”
A) The FBI
B) The CIA
C) The NSA (National Security)
D) The USPS (Postal Service)
E) The DHS (Department of Homeland Security)
F) The USDA (US Dept. of Agriculture)
G) The US Coast Guard
According to the USDA's Office of Inspector General (OIG), in the written request, the weapons are needed for self-defense:
"OIG Special Agents regularly conduct undercover operations and surveillance...
The types of investigations conducted by OIG Special Agents include criminal activities such as fraud in farm programs; significant thefts of Government property or funds; bribery and extortion; smuggling; and assaults and threats of violence against USDA employees engaged in their official duties,”
OIG’s Investigation Development bulletins show in the last year, there have been only three incidents in the last year that involved firearms and two in which USDA agents were verbally threatened.
Most of their enforcement operations surround white-collar fraud of government programs, often involving SNAP programs (Supplemental Nutrition Assistance Programs).
Always funny how individuals are not allowed to possess these weapons but the government can.. Wonder if it has anything to do with government not wanting its citizenry to put up a fight when such weapons are aimed at them and their children?
And who are usually the target of such heavy-handed tactics?
Certainly not the Big-Boys.. Usually its the small, locally owned farm that's just barely surviving and whom the USDA feel can be bullied the easiest to conform and heel..
Or is it kneel?
So if everything is honky-dory with the economy and all is going peachy-keen with this lovely little recession, why is it so many government agencies and sheriff's departments are seeking to arm themselves to the hilt with advanced weaponry?
Just like few seek to just spontaneously buy a gun for self-defense without something occurring in one's personal life or neighborhood to spark the concern
If you personify government and its agencies, they're like an incessant bully with a deep inferiority complex, a small cock n' balls and enough weapons or strength to compensate who will never allow anyone else one-up him...
He has to be King Bean and will go to his maker if need be while doing all he can to hurt you in the process..
~ In this photo, the role of the US Govt (and its agencies) will be played by Ray Rice; the role of 'we' is played by Rice's wife
The bully Must be #1.. The bully must instill fear and pain..
You must be afraid and respectful at all times; humble and demure.
This is your government and its agencies; this is your police and military
This is America.
Posted by Susquehanna at Sunday, September 28, 2014
Thursday, September 25, 2014
But to be fair, we didn't seek to imply that 100% of every aspect of life was better off 100 years ago vs the present..
Life is always a yin & yang; an ebb & flow
One such example was of child labor..
As we did yesterday, we're going to post some photos, all taken between 1906-1914 and make comments as needed
They were usually homeless children that worked until very late at night and earned around 30 cents a day
As one newspaper writer of the late 19th cent wrote about them, "You see them everywhere.... They rend the air and deafen you with their shrill cries. They surround you on the sidewalk and almost force you to buy their papers. They are ragged and dirty. Some have no coats, no shoes, and no hat."
The profession is still very common around the world today, especially in very poor parts of the globe where governments have tried to regulate by charging license fees for the children to work.
For pennies a day, crouched over the chutes, the boys would sit hour after hour, picking out the pieces of slate and other refuse from the coal as it rushes past to the washers.
Coal being physically hard objects, accidents to the hands, such as cut, broken, or crushed fingers, were common among the boys. Sometimes they suffered worse fates than a mere broken hand or limb.
The above pic shows these girls have had a very hard day and from their faces, a very hard life
We're pretty sure if they saw the modern teen girl with her typical laziness and refusal to do any physical exertion if it didn't involve looking 'fit' and constant phone texting, the 1914 girls would give the modern girls some hard slaps and slugs to the jaw..
In today's society, the legal smoking age is 18 which while good because tobacco is addictive and causes cancer, is done because we don't think the modern teen is responsible or mature enough to use the product..
For better or worse, teens back then were not treated like children which most today are, and we're sure those boys in the pic were tougher and more mature than most 20 to 30-somethings today
These girls are picking berries.. It was also common to see them pick cotton, plow fields and work every aspect of a large farm like the slaves used to do..
Free labor was never really 'free'.
A lot of the pics are a bit on the shocking side compared to how we see and treat kids at present but you can see in many photos, these children are not soft like most are today..
And post World War II, every generation particularly males have become softer, gentler, more emasculated and in some cases unable to do their own laundry or cook their own meals without 'Mommy' to the rescue
Certainly they would have tried to get a drink to deal with all the tensions but we can't see the child of 1914 lazily spending his or her day smoking weed, eating munchies and watching cartoons or playing PlayStation..
Its been advantageous for modern society for whatever reason to keep the youth sheltered, stunted and absorbed in constant recreation and mental diversions.
Collectively you had tough n' rough people, hardened by real life, raise their children to be equally tough n' rough which builds character
And as for today's teen.. the one we cuddle and mollycoddle; and insulate from anything real..
And its difficult to harvest something vibrant when we plant bad crops.
Posted by Susquehanna at Thursday, September 25, 2014
Wednesday, September 24, 2014
And even if 2014 isn't one's cup of tea, there's the belief that 2015 is only a few months away and that will surely be a better year..
We see life through a different prism; one where 'new' i.e the future doesn't in itself mean anything will be 'better'
The biggest reason we feel this way has to do with family, both on a personal level and in the greater abstract.
We know today here and now at this moment who is alive and those same people were here in the past, albeit a little bit younger..
Cold but its true.
And the family itself.. Today it is more overall fractured and incohesive than ever before with adult children at great distances from their parents; brothers/sisters detached from each others' lives except for the yearly phone call..
All the photos in this posting will be from 1914.. They're not famous people.. Just family portraits we located on the internet which we felt demonstrated what life was life for people 100 years ago and we will make comments as necessary..
We will go out on a limb and say the furthest thing on their minds is going shopping and buying the latest styles to keep up with the Joneses while accruing massive personal debt for vanity
Also we will make the deduction that they all live in close proximity and thus are an emotional and economic support system to help one another and rally round in times of need vs the modern family that is scattered about like autumn leaves off a tree
If a woman wants to work, that's great but we believe in real women's Choice as opposed to the political game of reproductive 'Choice.' Since the 1970's. married woman have been Forced to work along side their husbands..
For most of US history prior to the 1970s, the only married women who worked outside the home were immigrants and the poor..
In today's society even among the upper middle class and well-to-do, married women go to work simply to help keep the economic plates spinning and not illusions or delusions of feeling independent.
There also is a hierarchy in the photo that is very evident and lacking in most modern families..
We live in an age where there's little to no respect between children and their elders; where teens seek to rebel every which way possible from illegal things they ingest or inject into their bodies to silly, superficial nonsense like tattoos and piercings..
Now look at the photo.. Who is the leader? Can you honestly imagine any of the kids telling their parents to 'Shut up', or act up or rebel in any way many immature youth of the past few generations do..?
Do they look like the kind of family that constantly curses and seeks to identify and mimic the base gutteral aspects of society or make political correct statements by socializing with peoples they have zero in common with?
Does this look like the kind of family that couldn't care less how their kids did in school or completely oblivious to where their children are during the day or what time they come home at night as they stay home and milk the system?
The women may be a little bit on the plus side but they are not gargantuan rotund with thick fat asses from sitting all day doing little but watching TV and eating processed crap..
You can tell they all want a better life and are focused on working as hard as possible to obtain that goal...
How many of them can you imagine selling much less using recreational drugs or becoming addicted to alcohol or other vices to escape reality?
How many of the women in this portrait can you imagine taking nude 'selfies' of themselves, or engaging in lewd or deviant acts that would degrade themselves and their families, all for the sake of a little hedonistic fun?
Some may say we're unfairly stereotyping..
Life nor families were not perfect 100 years ago but the 'Great War' aside, both were far better than life today..
Yes we have technological innovations that allow us to talk to people 5,000 miles away and machines that cook whole dinners in seconds, etc..
But back then you didn't have loved ones needlessly 5,000 miles away and more families actually sat and ate dinner together without distractions like radio, TV and texting at the table..
Truth is most people live out alternate variations of 'family' which we understand is better than no family at all
But also inexcusable to suggest everyone rushing home from work at 6p with someone placing a bucket of to-go fried chicken or other fast-food bag of burgers on the table for all to engorge upon, is the same as family circa 1914..
And its the fault of this System we live under which makes everything more expensive than it needs to be while consciously depressing the wages to squeeze more 'juice' out of every worker 'grape' at the expense of family cohesion
And our fault for embracing the changes instead of fighting them.
Posted by Susquehanna at Wednesday, September 24, 2014