Thursday, June 7, 2012

TWIST IT BEN

Sure....why not. Bring out another tool Ben. Work it baby. Most peeps don't have a clue other than what the MSM 3 minute blurbs tell them. Hey.......it works ......extend it and pretend and hope that time can repair a massively overleveraged global ponzi scheme. Man o man it was good for a long time. 30 years of prosperity. The land of milk and honey delivered by the slick Madison Ave boyz visa vi flim flam politicians. Of course you were suckered.....but then you must have wanted to be suckered because it really wasn't that hard for you to see was it? Seriously? You really believed we could fight war after war after war against boogeymen that were delivered to your television on a nightly basis. I mean after all GW told you after 911 don't letum destroy our "way of life"...go out and SHOP. BUY SHIT NOW!!! We were in deep shit and we needed to feel goood. We were at war with an enemy that wanted to destroy our shopping.  Of course you believed it......after all "anchors" making over 20 million/year to "read" the news couldn't be lying to you. Why would they? Actually they believe its not lying if they don't question what they read. After all why would you question running a story nightly about the "Royal Wedding" for over two weeks when you have only 21 minutes of actual airtime each night. I mean really....two weeks of some inbred monarchs getting married??? After we revolted from them 200 years ago for making us their debt slaves I guess you can forgive them. Or is their another reason? .......next subject

Ben. Yes our bearded wonder boy is not a schlep as many would like to portray him. In fact, he is playing every card exactly as I would if I were in his shoes. He knows very well that he cannot fix a demographically fractured country much less the entire Western world. He knows that a structurally broken economy is NOT going to suddenly sprout wings and fly. He knows. Math is NOT a foreign subject to Ben. Calculating the unfunded mandates in Federal, State, and private pension funds is not that difficult and Ben does NOT have to go to get those answers on Zero Hedge. He knows. Medicare and Social Security obligations are not hiding from Ben...he knows. Now here is where I will deviate from the Ben script. Ben works for the bankers and yes if I worked for the bankers in his job I can damn well guarantee you I would do what Ben is doing. I would maintain the system. The central banking system that is. But I don't work for the bankers and my forefathers kicked the bankers out and tried to establish a semblance of a democracy. I won't go into this discussion but I will leave you with this thought I took from Nigel Farage tonight.  “For that to happen the Eurozone has to turn into a state, and a state that effectively has a Fed.

The Germans are saying, “Hang on guys, we don’t really want to take on the debt for the whole of ‘Club Mediterranean’ countries.”  There’s been a meeting in Berlin today, and Angela Merkel has, for the first time, said that she’s prepared to countenance this becoming a full fiscal and political union, but it has to be constructed on German terms.

So it would appear that despite the fact that the eurozone is a disaster, despite the fact that nobody is prepared to recognize just what a mess our banks are in, despite all of this, our political classes in Europe and America are prepared to continue this project of total failure.  

If we continue with this route, we are heading for money printing on a scale that has never been seen before in the history of mankind.  Clearly, as history teaches us, that will lead to massive inflation, and huge asset depreciation.”

Farage also added:  “All I can tell you is when I look into the eyes of the leaders of Europe, and as a leader of a group in the European Parliament I do get eyeball to eyeball with them, when I look into the eyes of these people, frankly what I’m seeing now is madness, absolute, total and utter madness.

The project, the idea is what must be protected and to hell with the consequences.  I really believe that when we look back in decades or centuries to come, we will see what is happening now in the eurozone as something of huge historical significance.

People will say to themselves in classrooms, in a couple of hundred years time, ‘How could they have been so stupid?’” from KWN     We are in a big fochiing hole right now. We are losing confidence and NOT fixing the structural economic issues. We are papering over them (pardon the pun). Its NOT by accident or stupidity. Its by design and I will leave it at that. You figure out the rest. gl and have a nice weekend.

PLEASE WATCH THIS ITS A REAGAN APPOINTEE AND IS SPOT ON!!!!!! PLEASE COMMENT ON IT



56 comments:

  1. In fact, he is playing every card exactly as I would if I were in his shoes.

    I don't work for the bankers and my forefathers kicked the bankers out and tried to establish a semblance of a democracy.


    Explain this KLI. We still have democracy in this country. You make it sound like we live in some sort of Orwellian hellhole.

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    1. Jay, when were you born?

      Oh, just yesterday you say.

      Thought so.

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    2. as stated i will not go into that in detail. no need .....its over for me. i will play the game because i can. its not moral of me but years of frustration provide me my needed excuse....so i will take it because i am weak.....i will most likely win at the "game" but in the end we all will lose......gl and no we don't have democracy any longer...they are only giving you an illusion and that pretense is rapidly disintegrating

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  2. They tried to dump gold overnite with big contract dump in 1 minute.......they managed to knock it down to the 1560 level in less than two minutes.....now its rebounded almost twenty dollars......hehehehe......physical buying is killing them

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  3. Jay,

    I hope you take this in the "Spirit" it is intended.......

    I suggest that you take the time this weekend to read the Constitution and The Bill of Rights in it's entirety.

    http://billofrightsinstitute.org/

    Do that, then go back about a year and a half or so here, look for the conversations with Joe and others and also look for suggested reading material that has been posted here.

    It would also be worth your while to visit infowars.com, rense.com, naturalnews.com to get a different perspective on things, so to speak.

    Do all of this with blinders off, partisan positions a side and with an open mind and you will begin to see "It ain't Kansas anymore" and the further you go you will sadly find it never really was......

    fwiw: We are a Representative Republic not a Democracy, hehehehe just try and get your Representative to listen to ya!!!


    Sheep's

    Curious "How do you certify "Organic" poo?"

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  4. Kli,

    Given what is going on with physical purchases of sovereign's as of late on the face of things these knock down raids are actually hurting the cartel not helping or am I "misunderestimating" things here?

    Thanks

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    1. yes and no.....they have their limits on distributing the bullion....they have massive ammounts but gold is gold (physical) BUT the real game is control of the system and its worldwide and depends upon the large banks.......gold is an important cog but only "backs up" the system....other commods are "back ups"......gold is unique in many qualities and there is a REASON that the central banks are buying.....REMEMBER this...WHY do central banks own gold??? AND WHY are central banks BUYING gold now??? Why do people like buffet and munger publicly denigrate gold..........this is absolutely telling. Again to beat a dead horse ....watch what they DO not what they SAY.

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  5. Jay,

    Orwellian enough for ya........

    http://www.washingtontimes.com/news/2012/jun/7/big-brothers-all-seeing-eye/

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  6. Phil Davis believes that without Ben's mention of QE, the markets will sell off. He also wrote that oil is still to high and suggests shorting it.

    Jay, I think it is great that you have offered an opinion different than the others. We are all on our own journey of discovery. I would encourage you to continue to post what you see & feel. Keep reading as Tom suggests.

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    1. yup.....all disagreement welcome here....no egos

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  7. Looks like they are buying the miners as the market sells off again. Would love to see last Friday play out again today...

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    1. PZG and GPL are going as well...

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    2. yes several more green now......very telling

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    3. very encouraging to see juniors like GBG green in this kind of morning tape with gold down hard and market down

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    4. I have a big position in GBG was buying all the way from 1.00 to .48. I hoping for a big payoff in that one. Lots of serious potential if they can get the gold of the ground.

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  8. Nice post Kli, I have often wondered if I would be doing the same moves as Ben as well... I probably would sadly. I do not believe he is a moron either. But being a friend to the bankers will make him go down as a villain in history as it should.

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    1. thnx .....unfortunately i believe that history is now written by Ben's bosses so don't count on him being designated a villain....its just a continuation of the up is down and black is white and losses are gains etc etc......remember......Ben save us once already if it all fails there are plenty of scapegoats ready to be served up....

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    2. Hugh Hendry calls Ben an evil genius! The guy knows exactly what he is doing!

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    3. agree and i would love to have a drink with Hendry.....love everything about his demeanor

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  9. Turd keeps mentioning the Cartel's short position rapidly decreasing with these massive raids. Makes me think the rapid attacks we're seeing almost daily now is a sign of desperation. Maybe they're trying to bail as much as possible before the 20th? Who knows... not me ;)

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    1. maybe......but they can add as needed...just remember that massive action may be needed to turn short term CONfidence and momentum.....they know that too and they are trying to time this for maximum effect ....there are a myriad of moving parts they are dealing with so the timing is vital for them to have everything in place....looking at this a simple exercise is impractical

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    2. when i say impractical i am speaking not to you but to retail investors that cry foul and that "they" don't know what they are doing.....THEY KNOW....they also know they are in deep chit

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    3. Hahaha too true! A GIANT juggling game. I just want to pick up a few scraps ;)

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  10. i still am anticipating a movement in gold and silver that leaves anyone trying to "trade" their shares in the dust......you will find yourself outside looking in

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  11. gold about to go green....funny how those beatdowns are just tapping on the brakes now

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  12. boom there it goes.....should run now

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  13. needs to pile over 1600 then really take off....may take a few days

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  14. Tom,

    "Organic" is a big USDA clusterfuck.

    I grow in an organic way but big ag buisness make it difficult for small farms to use the moniker "organic".

    here is a link for organic poo "certified"

    http://www.redwormproducts.com/store.html

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    1. Sheep's

      Thanks it was always my understanding that it was near to impossible to certify livestock "Organic" and their end product so to speak as per a conversation with an "Organic" farmer out on the east end (Long Island's east end is where the only farm's that are left and of course the "Hampton's where the snobs congregate also have some nice Winery's on the North Fork). He said at some point livestock will get an infection over the course of it's life span and will need the aid of an antibiotic, makes sense, so in theory once treated can't be "Organic". Happen to be a fan of "True Grass Feed Beef"

      Your right that big AG is Killing the small "Organic" farmer with the aid of the FDA once again under the guise of "Safety" of the pleebs...

      http://www.naturalnews.com/030051_FDA_organic_farms.html

      They never mention how "Imported Produce" is handled and or treated or the fact that some produce that is grown here is packaged and processed south of the border to be shipped right back here...... Think about that next time you pick up Garlic from China!

      http://www.usatoday.com/news/nation/2007-04-16-imported-food_N.htm

      Did the same thing to the local "Dairy Farmers" back in the 70's. Upstate NY used to be nothing but small family owned Dairy Farms, now not so much but there is a lot of Box Stores for the pleebs to buy stuff with $$$$ they ain't got!!! Speaking of Dairy, How bout the reaction over the "Raw Milk" stuff!! What a absolute joke!!! If anyone really took the time to see how "Large Dairy Farms" produce their product then you would understand WHY pasteurizing is necessary!!

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  15. So they announce a TARP plant for europe. Isn't this QE, without actually saying QE ?

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    1. TARP gives the U.S. Treasury purchasing power of $700 billion last go around... to buy up mortgage backed securities in an attempt to create liquidity and un-seize the money market ie liquidity....QE is where the central bank buys financial assets to inject a pre-determined quantity of money into the economy. This is distinguished from the more usual policy of buying or selling government bonds to keep market interest rates at a specified target value. A central bank implements quantitative easing by purchasing financial assets from banks and other private sector businesses with new electronically created money.This action increases the excess reserves of the banks and ouila.....the banks lend out with all of the new money and the economy AND the velocity of money increases.....Buuuuut.....guess what...the banks either invest in the risk assets eg oil and other commods driving up stagflation because those price increases stifle GDP OR the Banks just HOLD the reserves because of the uncertainty of what lies ahead for them ...after all they saw what the bank runs have done to banks like LEH AIG Bear etc.....catch 22 my friend.....ie these are all ONLY MONETARY moves........NOT fiscal they keep the big banks facade on life support....ie....more malinvestment

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    2. Thank you Kli for explaining in a way even I can understand!! I have learned a lot from you and your great posters. I'm a 36 year old small business owner learning my way. Good luck to everyone.

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  16. germans already trying to get the piigs gold....first step

    http://www.zerohedge.com/news/game-euro-chicken-german-perspective-playing-until-germans-lose-their-nerve

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  17. no shit dan

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/8_Norcini_-_Global_Markets_In_Extraordinarily_Dangerous_Situation.html

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  18. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/8_London_Trader_-_Staggering_515_Tons_of_Gold_Sold_in_4_Hours.html

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    1. Gold backed reserve currency in the next decade?

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  19. Gunning the miners into the close, I like it :)

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    1. action (as usual) is the "tell"

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    2. they're still trying to keep this trade on the QT.....no talk on MSM about the PM miners....good.....volume picking up in several but not all.....good.....no consistent massive moves that aren't met with pullbacks......good......bottom line they are either just accumulating and going to give one more big flush.....or what I believe is they are still trying to paint a dangerous trade to keep you out of this paper before they implement the printing press headlines......therefore a "surprise" printing announcement would get the most bang for their buck but it may need to be preceded by a general market sell of first to sucker in the shorts....bottom line.....chop shop PM trade with and upward bias and general market move down in the near term. If we get a hard move up on miners over the next week then you can trade a little if it reaches overbot on the daily but beware something may be coming fast...the "coming fast" refers to the need to "do something" with the rapidly deteriorating euro news and bank runs.

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  20. NKTR is having a big day.
    The FDA has given Fast Track status to NKTR's chronic pain drug. Now, this drug still needs to get thru Phase II and phase III trials. But the FDA must have liked what they have seen so far. I will try to keep everyone informed.

    NKTR has now broken thru the 20, 50, & 200 day ema's.

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  21. http://sprott.com/market-insights/gold-alerts/gold-alert-june-8,-2012/

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  22. Hi Kli

    Which do you like better GBG or CBG?

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  23. GBG or CGR??? its hard to call but i like CGR better

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  24. Just catching up..... Great Vid Kli I'm sharing that with a few of my hard headed Republican friends! hehehehe. Jay hope you took the time to watch! btw did anyone catch the Rand Paul endorsment, that surprised me!

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    1. Ugh that endorsement made me sick to my stomach. I'm pretty much out of political hope now :)

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  25. Suppose being a member of the club is more important......... Money and Power is far more intoxicating then doing whats right!

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  26. they will crush him like a bug if he balks here and he is weak......NO ONE gets to be a senator anymore without a sheet on them.......the entire portfolio on him includes 8x10s and video.......he'll do what he is asked to do

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  27. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/9_Greyerz_-_Worldwide_Package_Coming_From_Fed,_ECB_%26_IMF.html

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  28. http://www.bloomberg.com/news/2012-06-09/spain-seeks-125-billion-bailout-as-bank-crisis-worsens.html

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  29. yep it looks like Ron Paul sold out everyone, guess everyone has a price, Ron's was his son's future. Voting for Elmo.

    Spain bailout , pretty much confirms the printing presses will be running hard along with stagflation in food and continue high unemployment. All the current fiat will collapse and then the game will be reset with Central Bank "gold" back new currencies. Expect wars, riots, and confiscation between now and then as QE transfers the hard assets from individuals and sovereigns to the bankers, who may not make it to the other side all intact.

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    1. such a pessimist red........look at it from the bright side ........now we can have Royal celebrations, and more Royal weddings, and more Royal divorces, and more Royal murders, as we get Royally screwed......aint life great as a peasant

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  30. "When it becomes serious, you have to lie", Jean-Claude Juncker

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  31. http://www.ritholtz.com/blog/2012/06/a-dysfunctional-nation/

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