Monday, August 30, 2010



"The matter of a uniform discount rate was discussed and settled at Jekyll Island."--Paul M. Warburg1

On the night of November 22, 1910, a group of newspaper reporters stood disconsolately in the railway station at Hoboken, New Jersey. They had just watched a delegation of the nation’s leading financiers leave the station on a secret mission. It would be years before they discovered what that mission was, and even then they would not understand that the history of the United States underwent a drastic change after that night in Hoboken.

The delegation had left in a sealed railway car, with blinds drawn, for an undisclosed destination. They were led by Senator Nelson Aldrich, head of the National Monetary Commission. President Theodore Roosevelt had signed into law the bill creating the National Monetary Commission in 1908, after the tragic Panic of 1907 had resulted in a public outcry that the nation’s monetary system be stabilized. Aldrich had led the members of the Commission on a two-year tour of Europe, spending some three hundred thousand dollars of public money. He had not yet made a report on the results of this trip, nor had he offered any plan for banking reform.

Accompanying Senator Aldrich at the Hoboken station were his private secretary, Shelton; A. Piatt Andrew, Assistant Secretary of the Treasury, and Special Assistant of the National Monetary Commission; Frank Vanderlip, president of the National City Bank of New York, Henry P. Davison, senior partner of J.P. Morgan Company, and generally regarded as Morgan’s personal emissary; and Charles D. Norton, president of the Morgan-dominated First National Bank of New York. Joining the group just before the train left the station were Benjamin Strong, also known as a lieutenant of J.P. Morgan; and Paul Warburg, a recent immigrant from Germany who had joined the banking house of Kuhn, Loeb

Six years later, a financial writer named Bertie Charles Forbes (who later founded the Forbes Magazine; the present editor, Malcom Forbes, is his son), wrote:

"Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily hieing hundred of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written . . . . The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York’s ubiquitous reporters had been foiled . . . Nelson (Aldrich) had confided to Henry, Frank, Paul and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank and Henry . . . . Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality."

Boring day should be green this week so enjoy....hang in there.....let um play. When the boyz return from the Hamptons next week, then the adults will be at the controls. Until then...enjoy the remainder of your summer and your


  1. My question is,how has this con job lasted this long? Well, I try explaining to my parents, on how money is created, and they are dumbfounded. They are seeing the light though, my siblings couldn't be bothered, they are living their lives..
    The market is currently red,and although I'm all short in my positions, my dad went Long last week, so I'm hoping for a few green days, for him to get out. I know down the road it's going downtown, and I will be rewarded..

  2. John,

    This is the ANSWER to the questions you asked, the main reason this country is in trouble is because of the MASSES, no power structure can do what they do if the majority of the public were not willing participants, when NATURE starts the cleaning process, it cleans the masses first and that's something the SHEEP will learn, people REAP what they SEW:

  3. By the way john, tiger is not fighting to make the public AWARE, tiger knows very well public are sheep, dumb and the only thing they care about is their own selfish interest, so why tiger fights, the answer is because tiger has HONOR and wants to finish the journey with HONOR in tact.

  4. Tiger would rather be in heaven surrounded by a few hundred than in hell surrounded by millions

  5. Joe,

    It amazes me,on how the Sheep, are more concerned with nonsense. I mean even the stock market is a farce, so many on the yahoo board, making a big deal about their positions, while the crooks at the Casino's office are laughing, as we're using their depreciating monopoly money.. I've been telling everyone to buy Gold & Silver for a while now, the ones that listen will be rewarded, the rest will be having the ALPO..

  6. john,

    You mentioned:

    "the ones that listen will be rewarded, the rest will be having the ALPO.."

    When nature comes in and piper is due even ALPO will be scarce.

  7. Tiger has been preaching to the Sheep, for decades now, and no one was listening.. It's hard to believe that thirty years back, he was giving us such vital information, but all to a deaf ear..

    Maybe back then, there was a small portion of the population, that recognized the corruption, as we do today.. So you ask yourself, have we made any progress? I do think we have though, but of course I may be wrong..

  8. Johnny,

    Tiger has been around for many yrs and in the history of man, there has never been a society as a WHOLE which did the right thing due to selfish and dark nature of men, you always find individuals within societies who do the right thing but not as a WHOLE. Ask yourself the question that why even in the information age era with humans having more access to infos, they are still acting the way they do?

  9. Joe,

    All i can say, is that people have lost out on the thinking process.. Very few stand up. The Media does the thinking for everyone, people live through their television.. So you can say, that yes, the people are sheep..

    The Cabal, can be overthrown, but very few are willing to stand up..

  10. It's always been easier to let others think for you, you get half a can of Alpo and don't get imprisoned or blacklisted. It has never been a question of what the masses do or don't do, it is about what each individual chooses to do with themselves that matter.

    If the Kabal was overthrown, it would just be replaced quickly with another self serving power structure, as the Nazis attempted, it's the nature of power, it overwhelms and corrupts most who attain it, and power in a vacuum.

    Gold and silver are only one element, don't forget food, water and sanctuary, along with a state of mind to endure for overwhelming losses in wealth, friends, family, status, health, and other deprivations that come with Great Depression and social upheaval as the Grand Super Cycle ends at about the same time as the Mayan Long Count.

  11. Red,

    In regards to the Cabal being overthrown, very true about another self serving power structure. In fact, as I've done my best to awaken people in the last few years, I've had one Employee give me the same response. I guess anyway you look at it, we're likely doomed.

    It just boggles the mind, that our nation can issue it's own debt free money, and yet we go to these criminals and borrow money that is printed out of thin air, we are charge interest on it, whereby we are basically enslaved.. This is just too much..

  12. Surprised no one here is talking about the fact that gold is holding up very well in recent days/week while the market shows tremendous volatility. Market doen 1.3% and gold up? Isn't that the sign everyone has been waiting for to signal the next leg up for gold ... or are there reasons to expect another shake-out of weak hands first?

  13. I view Gold as a given, it goes up when the Market goes up, and will go up, when the market panics.. Just my 2 cents.. GOLD is KING...

  14. What do you think wolf? The reason no one is talking about Gold holding up well is not because kli or RED are not aware of it, this blog is mainly for you guys to participate which takes the subject to what red just mentioned, " It's always been easier to let others think for you". Others who read kli's blog and do not post or rarely post NEED to participate.

  15. Life it is not just a series of calculations and a sum total of statistics, it's about experience, it's about participation, it is something more complex and more interesting than what is obvious.
    Daniel Libeskind

  16. Thanks joe. I think the only chance gold goes lower is on an orchestrated scare to flush out weaj hands ... deflation has reestablished itself quite firmly in recent data, and the perceived threat of inflation (emanating from expectations of renewed quantitative easing) is growing alongside the discernible deflationary trend ... so, yes, more than even 4-8 weeks ago, I think gold is starting to decouple from economic news, interest rates, assessments of inflation vs. deflation, ...

    I have my physical core ... but very little in miners. Just not sure about how mining stocks will be impacted by the increasing (orchestrated) concerns about deflation and inflation.

  17. crossroads short term on miners......physical is not to be traded.....and trend will remain up....bumps are time to accumulate

  18. Technically gold is in a confirmed uptrend. 1235 is short term support and 1220 below that.

    Gold is the central bankers worst nightmare. They may try to take it down and if successful they may get it to 1180/90. But the uptrend will still be intact.

    As Kli has mentioned several times, and I agree, miners can be taken down as we travel to the 4 year cycle low which is why I have unwound all but one position in the miners along with the fact that I have a busy Sept. schedule and not much time to play in the GNC (Great NYSE Casino). Borrowed that term from Piazzi. hehehe

  19. Miners do tend to bottom first though. Besides deflation isn't all bad for a mining company as costs do go down as well.