JP Morgan Secretly Stockpiles Silver and Gold—Blood Money

By Dominique de Kevelioc de Bailleul

Leave it to Max Keiser to pick up on the Silver Doctors article, titled, “Is JP Morgan Shorting Paper Metals While Acquiring Massive Physical Stockpiles?

If Keiser, who himself appears to have once been a clever and scheming juvenile delinquent, believes the article’s supposition reeks of the devil’s sulfur, there may be more than a sliver of truth in it.

The Silver Doctors cite Jim Sinclair, ‘Mr. Gold’, who has said two things which would most likely prove to be foolhardy not to believe.  One, that the Fed would embark on “QE to infinity.”  And, two, the bullion banks would amass the lion’s share of the bull market profits in the rise in gold and silver prices.

The first looks like a done deal.  The second will most likely pan out as well, which takes us back to the Silver Doctors article.

The ‘Doc’ goes on to quote, David R, a veteran bullion trader, who has traded at the desks at AIG, Barclays, and UBS.

They [JP Morgan] buy the physical silver at the same time they sell the future (on Comex) futures trade in contango (higher price than spot physical) they get zero interest rate cash from FED so borrow the money for free, they own the vaults to store the silver…. so as the future comes to maturity they can either settle against their physical long or roll the future to collect more free contango…. This is pure arbitrage paid for by the FED.  This has been going on for over 30 years and why shouldn’t they be allowed to have 25% of the Open Interest?  There is no manipulation because they are short the futures and long the physical and have “ZERO” price risk, but nice profits!  It’s brilliant trading and completely 100% legal and that’s why they will never be charged with manipulation because there is none going on. Sometimes it’s just that easy!

Of course, it’s that easy.  Banks make money on spreads on every damn thing they touch.  But as Ted Butler and the fine folks at GATA have argued: when a single trader becomes dominate within a single market, it’s size, alone, affects price discovery.  That is, indeed, illegal, going back to the late 19th century—a time when the U.S. faced some of the nasty side-effects of an industrial revolution gone unfettered.

The man who fought the monopolists of the early 20th century, armed with the Sherman Anti-Trust Act of 1890, Teddy Roosevelt, must be rolling in his grave at the suggestion that JP Morgan’s “brilliant trading” is “perfectly legal,” as trader David R. suggests.  In fact, there’s nothing brilliant about JP Morgan’s criminal activity in the bullion markets.  The scam is not new; it’s as old as the hills.

According to Wikipedia, the lead author of the Sherman Anti-trust Act, Ohio Republican Senator John Sherman said the purpose of the Act was “to protect the consumers by preventing arrangements designed, or which tend, to advance the cost of goods to the consumer.”

In the case of the silver market, the cost to the consumer is inflation—in everything, especially in those things consumed each day for survival.  If the bullion markets are suppressed to give the U.S. dollar an advantage over the competition—bullion, the Fed can create more dollars, thereby forcing holders of the commodity (the dollar) to take a purchasing-power loss.

And with the latest mortality statistic revealing that more deaths in America come from suicide than from the result of an automobile accident, one must have to wonder how many of these suicides were the result of extraordinary bad economic times.

Another author of the Act, Senator George Hoar of Massachusetts, said, an entity that “merely by superior skill and intelligence…got the whole business because nobody could do it as well as he could was not a monopolist …(but was if) it involved something like the use of means which made it impossible for other persons to engage in fair competition.”

By the way, after the 1890 U.S. Senate ratified the Sherman Anti-Trust Act by a vote of 51-1, the House unanimously passed the bill with a vote of 242-0 on Jun. 20, 1890.

Can anyone image today’s Congress taking such a stand against the largest cancerous tumor of them all, JP Morgan?  Of course not.  Maybe Gerald Celente’s latest suggestion to boycott the upcoming general election is as good as Max Keiser’s suggestion to buy as much silver as one can.

The bottom line to the JP Morgan bullion prices suppression scheme is, if bullion prices reflected the weakness of the U.S. dollar, the Fed would have to stop printing them.  Congress would be forced to make the tough decisions regarding the public account, and the wrongs can be righted more quickly with less, much, much less pain—and most likely less suicides, too.

It’s been said, “Evil knows no boundaries.”  That evil is the Fed’s no. 1 stockholder, JP Morgan.  How Alan Greenspan, Jamie Dimon, Robert Rubin, Lloyd Blankfein and the other Den of Thieves can sleep at night is another puzzle for another time.  There’s a lot of blood on their hands, and for one, Blankfein, appears to have no idea why his hands are stained red.  What an anthropomorphic example of a living and thriving cancer.

God have mercy on these pathetic and perfect examples of humanity’s worst.

Marc Faber Agrees, ‘Get the Hell Out’

By Dominique de Kevelioc de Bailleul

The message to investors should be most clear by now: Quickly get your cash out of financial institutions and buy some gold.

“It’s very dangerous to put everything in cash with MF Global or another financial institution, because I’m not too sure about the law . . . if the law will protect you as a depositor or an account holder,” editor of the Gloom Boom Doom Report Marc Faber tells Bloomberg.

Whether the messenger comes way of an up-straight and straight-up N.Y. City Italian, an exiled American living in Central America, a young woman totting firearms and a Bible, or an eccentric Swiss-born money manager living in Chiang Mai, Thailand, each warn investors and savers that cash on account is not safe at financial institutions—no matter how much the FDIC or SIPC insures.

Gerald Celente, Jim Willie, Ann Barnhardt and, now, Marc Faber warn the runs on Greek, Spanish, Italian and several Eastern European banks will eventually come to the U.S.  And if investors and savers think they’re covered in the event of a failure, a media-downplayed ruling by United States Court of Appeals for the Seventh Circuit of Aug. 9, regarding the bankruptcy case of Sentinel Management Group, too many will come to know that their cash is most definitely exposed to what many say is legal theft.

“The system is rigged. . . if you don’t have it [assets] in your possession, you don’t own it,” said Celente, following word that his commodities brokerage account was seized in Jon Corzine’s MF Global bankruptcy of Oct. 31, 2011.

“JPM has seen fit to gobble private accounts at both MF Global and PFG-Best, with regulatory blessing as the courts sprinkled fascist holy water,” writes Jim Willie of the Golden Jackass newsletter.

“If you don’t understand what ‘get the hell out’ means, there’s not much I can do for you,” Ann Barnhardt commented, after hearing of the Seventh Circuit of Appeals ruling.

In the case of Sentinel, its creditor, BNY Mellon, contended that its secured loan with the Chicago futures brokerage firm takes priority over other loans which may have been secured by Sentinel’s pledge of allocated accounts.

“The appeals court affirmed an earlier district court ruling that the bank had a ‘secured position’ on a $312 million loan it gave to Sentinel, which turned out to have been secured by customer money,” according to Reuters of Aug. 9.

“I don’t think that’s what the Commodity Futures Trading Commission had in mind” with its requirement that brokers keep customer money separate from their own,” Reuters quoted Sentinel trustee Fred Grede.

“It does not bode well for the protection of customer funds,” he added, “I’m sure Mr. Corzine’s attorneys will get a hold of this ruling and use it for all it’s worth.”

Other than strongly recommending that idle cash be removed from U.S. banks and broker-dealers, Faber says investors and savers, alike, should hold some gold to protect their savings from another insidious means of ‘institutional’ theft in store from them in the future: the loss of purchasing power of their Federal Reserve notes.

“I think they [Fed] will print money and that eventually everything will become more expensive. . . and I would hold some gold . . . and I would hold some equities,” he says.

“And I happen to think that one day a lot of corporate bonds will have a higher credit rating than the U.S. government [bonds],” he adds, which coincidentally comes on the same day as another Bloomberg interview with credit rating agency Fitch, who warns the U.S. Treasury of an impending downgrade, if Congress cannot outline plans sometime in the first half of 2013 to narrow a $1.3 trillion annual budget deficit.

It’s “Worth Nuclear War” to Save the Dollar

By Dominique de Kevelioc de Bailleul

“Both parties are driven by the neoconservatives (“neocons”) who believe that American hegemony over the world is worth nuclear war to accomplish,” states former Asst. Secretary of Treasury and Reagonics architect Paul Craig Roberts in his latest blog post of Aug. 20.

In his post, titled, Amerika’s Future is Death, the 73-year-old former Washington elite-turned-willful-outcast warns readers of fantastic tales circulating American culture, which are meant to serve as an explanation for the economic and social chaos swirling violently within the U.S., including talk of secret Bilderberg meetings, covert plans for a New World Order, and accusations of a crazy cabal of neocons hellbent on sparking a full-blown WWIII.

The tale continues with an endgame scenario to secure complete U.S. hegemony with an attack upon Iran, completing a decades-long neocon plan to manhandle the freedom genie back into the bottle.

The only problem with such a tale, according to Roberts, is: it’s not a tale at all; it’s all real, very real.  But most Americans are still blind or desensitized to reports of various government agencies procuring, in total, 1.4 billion rounds of ammunition; new Army manuals for “Civil Disturbance Operations” (in direct violation of Posse Comitatus); and acquisitions of ‘sound cannons’, full-body armor and laser equipment design to identify and classify human beings “from 164 feet away.”

Just as Hitler slowly and insidiously yanked liberties from German citizens for the good of the Third Reich during the 1930s, the elusive dream of world domination held through a handful of ‘power elites’ entail similar sacrifices of Americans—and the captured U.S. media (which Roberts refers to as “presstitutes”) will serve as the play-by-play moderator of the national dialogue during American decline into a high-tech 21st century controlled aristocracy of unfit “freaks,” as Trends Research Institutes’ Gerald Celente refers to the loosely defined cabal.

“Americans are told that ‘their’ government cannot afford to help them because of the budget deficit and the burden on our grandchildren,” Roberts explains.  “But Americans see the trillions of dollars that are lavished on banksters, on wars, and on Homeland Security. . .

“The spiel will be about our brave troops who are fighting and dying to make the world safe for democracy and women’s rights. Washington will wrap itself in the flag and exhort Americans to ‘support our troops’ in the orchestrated war of the day.”

The Karl Marx-like mastermind of the neocon movement, Leo Strauss (1899-1973), likened the role Americans would eventually play for the neocons at time of the endgame with an analogy found in the story of Gulliver’s Travels.

“When Lilliput was on fire, Gulliver urinated over the city, including the palace,” said Strauss.  “In so doing, he saved all of Lilliput from catastrophe, but the Lilliputians were outraged and appalled by such a show of disrespect. . .

“Only a great fool would call the new political science diabolic . . . Nevertheless one may say of it, that it fiddles, while Rome burns. It is excused by two facts: it does not know that it fiddles, and it does not know that Rome burns.”

Essentially, Strauss advocates a neocon strategy of abject and mind-blowing disrespect for the American people during the process of subjugation, while at the same time performing grand theater to ‘morally’ justify sacrificial solutions to problems the freaks crafted all along.  The Patriot Act, TSA groping and humiliation tactics, NDAA, referring to Constitutionalists as ‘extremists’, ‘potential domestic terrorist’ and ‘conspiracy theory crazies’, illustrate the Strauss prescription of domesticating freedom lovers to a T.

“Today moralizing is all about money, but not for the 99%.” says Roberts.  “The 99% cannot find good jobs or earn anything on their savings, because the economy is run for the 1%. . .

“Any American citizen accustomed to travel America’s ‘wide open spaces’ prior to 9/11 must be astonished by the sudden rise of the intrusive Homeland Security, a gestapo-sounding name if there ever was one.

“Porno-scans and genital feel-ups have spread from airports to bus and train stations and to the public highways, despite the absence of terrorist events.”

Previously, in interviews with investigative journalist Alex Jones of InfoWars.com, Roberts has said he believes that over the years the leadership of Washington and Wall Street has increasingly been ‘democratically’ steered in favor of elevating a significant number of sociopaths into power to affect the once unimaginable to a once-thriving republic: a high-risk global coup, which may include, if necessary, a nuclear confrontation with Russia and, most likely, China, to complete its ultimate prize.

However, Iran stands in the way; it’s the last nation-state holdout to attain complete control of the future of the petrodollar (or whatever currency may comes next), and Russia and China are quite aware of the neocons’ plans, drawing the line there—no farther, or it’s war—WWIII.  And according to Roberts, the plan about to be implemented by the neocons is nothing short of insane.

“America, Putin acknowledged, wants to rule the world. But Washington is not going to rule Russia and China,” Roberts explains.  “If the current White House moron keeps his promise to Israeli prime minister Netanyahu that the U.S. will attack Iran next June if Iran does not close down its nuclear energy program (a non-weapons program permitted to Iran as a signatory of the Nuclear Non-proliferation Treaty), the White House will have opened the door to World War III.

“In such a war the U.S. would not be immune from attack as it was in WW I and WW II. This time America could disappear in nuclear holocaust. If any of the world survives, people will be thankful for Washington’s removal from the scene.”

Source: Amerika’s Future is Death—Paul Craig Roberts

New DHS Informant Leaks a Shocker

By Dominique de Kevelioc de Bailleul

In a passionate warning to his global listeners, TruNews host Rick Wiles revealed the latest in a series of startling information leaked to him through a source who knows a contact deep within U.S. Department of Homeland Security.

“There’s a Russian, Chinese, Islamic military invasion coming to the U.S.A,” Wiles forcefully told his audience, Wednesday.

“I was told something, today, that I almost hesitate to repeat on the air,” Wiles continues.  “You know, people pass on to me lots of rumors I can’t verify, therefore, I never mention them on the radio.”

In previous broadcasts, the 12-year Christian radio veteran has passionately pleaded with his listeners to prepare for startling changes coming to the United States—changes so horrific, that even he admits may sound crazy if the information wasn’t being told to him by long-time, credible and proven sources.

“But I spoke with a close friend, whom I’ve known for many years.  This couple is well-connected to important business and political people.  They have a personal friend who is an agent for [the Department of] Homeland Security.  The agent promised to alert them if he ever heard anything significant that warranted immediate preparation.

“For years, he said nothing until now.  He told them there’s talk inside Homeland Security offices that Russian Spetsnaz commandos are infiltrating into the U.S.A from Canada.  He said it’s been underway all summer, and he estimated the number of commandos at the present time inside the U.S.A to be in excess of 20,000.”

The most intimate knowledge of the coming danger to the U.S. comes to him off air, Wiles says, as his sources seek to distance themselves from the information for the purposes of their own safety as well as the safety of their families.  Because of his position as a journalist, radio host and trusted leader of the Christian community, Wiles receives the most sensitive information ‘off the record’ in the hopes that others who speak ‘on the record’ will be taken seriously.

“If I didn’t know the integrity and the high-level connections and the social standing of my friends, I would never pass this on to you on the radio,” Wiles explains.  “But I know this couple.  Let me tell you, financially, socially, I’m at the bottom of their friends list.  They run with the big dogs.  Therefore, when they tip me off that they got a call from a friend inside DHS with this kind of information, I don’t dismiss it lightly as a conspiracy rumor.”

Previous reports of Russian military personnel participating in joint ‘civil drills’ with local law enforcement at Ft. Carson, Colorado between May 24 and 31 of this year may have had something to do with the ongoing clandestine immigration of Russian commandos alleged by Wiles’ source, but a possible reason for the stealth entry into the U.S of 20,000 troops wasn’t ventured during Wiles’ Wednesday’s disclosure.

However, a source to Wiles of more than a decade ago offers the possibility of a much more nefarious explanation for the infiltrating Russian commandos that can be traced back more than 30 years.

“I spent several days with Colonel Stanislav Lunev in 1999,” says Wiles.  “He was my guest when I lived in Dallas/Ft. Worth.  Colonel Lunev is the highest ranking Russian GRU military spy ever to defect to the West. . .

“One of his assignments was to find places to hide nuclear suitcase bombs inside the U.S.A.  You can read about it in his book, Through the eyes of the enemy.

“Colonel Lunev personally told me that the Russians were bringing nuclear, biological and chemical weapons into the U.S.A throughout the 1970s and 80s by smuggling them over the Mexican border.

“Colonel Lunev said there are Russian Spetznazs commandos coming in and out of the U.S.A every month disguised as tourists, professors, doctors, reporters; they come and go.”

The implications of, even, an attempted ground invasion by sleeper Russian commandos, in addition to other hostile sleeper cells rumored to be hibernating on American soil, are staggering, but also raise the possibility that a false-flag of an invasion may be planned as the excuse to lock-down America during a currency crisis.

Could something as bizarre as an attack by foreign rebels lurking in wait the plan for legitimizing a decree of martial law from the White House?  Would another bigger and more horrific 9/11-like event of that magnitude be planned to mask the real reason for a dollar collapse?  How else would Washington divert the wrath of an irate citizenry armed to the teeth when food and basic necessities go wanting for days, weeks or maybe months?

Trends Research Institute Founder Gerald Celente told Lew Rockwell of the von Mises Institute, Tuesday, “I believe we’re facing another 9-11 moment of some sort.  Whether it’s false-flag [or] real.  Whether it’s economic or geopolitical, something in my bones is telling me that you better be prepared now, because this thing is coming down fast.”

Celente strongly suggests Americans follow the “Celente’s 3-G’s” for survival during these extraordinary times of American history.  The 3-G’s include: Gold, Guns and a Getaway plan.

Wiles may suggest another ‘G’ to Celente’s 3-G’s:  Gold, Guns, Getaway plan and God, not necessarily in that order of importance.

Source: TruNews Radio Aug. 15, 2012 broadcast, with host Rick Wiles and guest Gerald Celente

Gerald Celente: My Bones Tell Me This Thing is Coming Down Fast

By Dominique de Kevelioc de Bailleul

“The world is headed for the Great Depression, Greatest Depression,” Trends Research Institute Founder Gerald Celente tells Lew Rockwell, Tuesday.  “This will be much worse than the 1930′s Depression.  We’re in the global age, and it’s spreading globally.”

Celente goes on to explain that, depending upon the estimates one uses, the Fed has injected between $18 trillion and $25 trillion to prop up the “too big to fails” and the “corrupt banking system.”

And the result?  Nothing but poor unemployment numbers, according to him, including 750,000 more jobs lost since March to offset any alleged gains in employment reported by the U.S. Department of Labor so far this year.

After all those trillions of dollars thrown into the system, there is no recovery.  “America is turning into a plantation economy,” says Celente.

Just as the Great Depression of the 1930′s ushered in high crime rates, alcoholism and suicides, today’s start of the “Greater Depression,” according to Celente, already reveals a nation repeating the social ills of a past economic nightmare.

“Look at the crime rates.  Look at the insanity that is happening,” says Celente.

“Every day you pick up the newspaper.  You listen to the television,” Celente continues.  “Whether it’s the Batman psycho, the Sikh crazy guy, or some guy walking into a hospital room and  blowing his wife to pieces, or killing a mother-in-law and two kids, every day is another chapter in cold blood.  Society is unraveling around us.”

And the craziness isn’t just a U.S. phenomenon; it’s global.

In Israel, Spain and Greece, the same thing.  Four Israelis set themselves on fire within one month from terrible despair.  The Spanish are “attacking supermarkets.”  Greece is throwing out immigrants; “that society is falling apart,” he says.

“Are we going into war?  Is history repeating itself?” Celente ask rhetorically.  “Play back the tape.  The Crash of ’29—Great Depression—currency wars—trade wars—world war.  The Panic of ’08—Great Recession—currency wars are happening.

“The rial is sinking; the rupee is in the toilet; the euro’s going down.  There are bank runs now in Slovenia.  In Hungary, the system has collapsed . . . They just had another recall election in Romania.”

Celente goes onto to say that Argentina has instituted capital controls.  After soaring growth, Brazil now worries about its economy and currency.  And China, the nation which once provided hope of a global recovery, has reported several months of data that show its economy isn’t immune, slowing to a rate not seen in two decades.

So, “is the world at war?  Yes, it is,” says Celente.  “World War III is on the horizon.  Actually, it’s at the cusp.”

He adds, “And I believe we’re facing another 9-11 moment of some sort.  Whether it’s false-flag [or] real.  Whether it’s economic or geopolitical, something in my bones is telling me that you better be prepared now, because this thing is coming down fast.”

What to do?  Celente recommends Americans follow the “Celente 3G’s”: Gold, Guns and a Getaway Plan.

Gold to protect your wealth.

Guns to protect you and your property.

And a Getaway plan in the event of social unrest, riots, civil war, martial law or any unforeseen catastrophic event.

Gerald Celente: “I Have That Feeling” It’s 9-11 All Over Again

By Dominique de Kevelioc de Bailleul

In back-to-back interviews on the Gary Null Show and the Tommy Schnurmacher Show, Gerald Celente sees another mega geopolitical quake to match the shock-and-awe of 9-11 in America’s not-to-distant future.

“I’m worried about the drumbeats of war getting louder and louder,” Celente told  CJAD talk show host Tommy Schumacher, Monday.  “It’s coinciding, as well, with the economic collapse that’s happening throughout Europe.”

Celente went on to say that, when sociopath and psychopath politicians get into trouble with their constituents due to a poor economy, those pols, who can divert the public’s attention away from the nation’s financial problems and redirect the collective anger toward the threat of an outside enemy, will use their power to take that nation to war at a politically advantageous time.

“It’s reaching a critical mass right now, and I haven’t felt this way since December 14, 2000,” said Celente, and noted that he senses desperation in the voice and actions of Israel’s, Benjamin Netanyahu, the present and very unpopular prime mister in that Mideast country.  “I have that feeling now” with Netanyahu, said Celente.

“This guy, Netanyahu, he has 60 percent disapproval rating right now, and I’ve seen it before,” Celente continued.  “I remember Bill Clinton, you know, wag the dog.  Every time he’d get into trouble with Monica Lewinsky, it was bomb over Baghdad.  They continually do this.”

After wavering earlier this summer whether to remain in the U.S. or flee from a “fascist” dictatorship shaping up in America, the 65-year-old Celente told InfoWars’ talk show super-star personality, Alex Jones, that he will not allow a “bunch of freaks” in Washington chase him out.  Celente said he will stay and fight.

But the personal struggle on this question continues to weigh heavily on his mind.

Whether another 9-11-like event takes place on U.S. soil or overseas, Celente now seriously contemplates fleeing America if the U.S. or Israel instigates another 9-11 incident—either through a false-flag attack or other pretension to ‘justify’ a politically unpopular position to attack Iran.  An attack on Iran, he said, might be the ‘straw that broke the camel’s back’ to get him to flee America for his physical safety, as he would, then, begin to mull over another trend he sees developing: jailing or “silencing” journalists.

“If the United States or Israel goes to war with Iran, it’s the beginning of World War III,” Celente told radio talk show host Gary Null, Tuesday.  “Our lives will be hell after that.  If you think we have a Gestapo state right now, you haven’t seen anything yet, because it’s not going to stop.

“These are the Persians; they’re 70 million strong,” he explain.  “They’ve been around a long time; theyre not going to be going anywhere.  And they’re going to fight down to the last man.  And people forget that the Iranians lost a million people between 1980 and 1988 when the United States started a war, funding Iraq to attack Iran.

“This country won’t be worth living in, if we go to war with Iran.  So I don’t know, I just don’t know what to do after that,” said Celente, who audibly struggled to match the words with his own personal thoughts on the matter.  “I don’t know if I want to be here as much as I want to stay, because we’re seeing all of our rights being abrogated from us now; it will only, only, only get much worse.”

Aside from offering a peak into his mind regarding the subject of his personal quandary with the possibility of expatriation, Celente strongly advocates that Americans protect their wealth during the upcoming turmoil he sees on the horizon by holding ‘physical’ gold and silver.

He said, “It’s all I buy, is gold and silver,” and added, though his personal decision to hold precious metals is not to be construed as financial advice.  Celente has repeatedly said in dozens of prior interviews that he is not a registered investment adviser, nor does he sell precious metals.  But gold and silver are the only money he has outside of working capital for his business, The Trends Research Institute.

Gerald Celente Will ‘Go Postal’ When He Hears About This

By Dominique de Kevelioc de Bailleul

Gerald Celente fans won’t want to miss Celente’s first interview after getting word that the next head of the Bank of England could be yet another Goldman Sachs boy.

In the spirit of Celente’s famous saying, “You can’t make this stuff up,” Bloomberg News released a trial-balloon article to assess public opinion of UK Prime Minister David Cameron’s potential choice of another former-Goldman Sachs boy, Mark Carney, to become the next governor of the Bank of England to replace Mervin King at the end of King’s term set to expire in 11 months.

“London is losing so much trust as the global financial center that Prime Minister David Cameron may need to consider an unprecedented choice for Bank of England governor: Mark Carney, the Canadian who polices the world’s financial system and has no ties to the bailouts or rigged markets tainting Labour and Conservative governments alike,” Bloomberg begins its article, titled,Carney Leading Bank Of England Seen As Scandal Remedy.

In keeping with his reputation as a top trends forecaster, Celente previously warned in 2011 of the Goldman Sachs takeover of the global financial system.  In November of that year following the news that he was ripped off by MF Global the preceding month, Celente spoke with FinancialSense Newshour’s James Puplava about what he pieced together regarding the omnipresent Wall Street firm.

“And I go do some research and say, wait a minute, this MF Global is run by the wonderful Jon Corzine. Oh, you remember him—the former governor of New Jersey and then Senator until he ran that into the ground. He was a top cat with Goldman Sachs. Boy the Rothschilds would be jealous if they could see what the Goldman Sachs gang has taken over. Anyway, let’s not forgetHenry Paulson under Bush was a Goldman Sachs guy, Robert Ruben under Clinton, the Treasury Secretary, was a Goldman Sachs guy that deregulated the industry, killed the Glass-Steagall act and made it legal for these guys to become open criminals Financial Sense Nov 2011.

I knew Gary when I was over at Goldman Sachs. He was one of the boys. He said I could do this. So this is what he [Jon Corzine] is doing. What he did was he stole the money out of my account and others and, brilliant Jon Corzine, bet on European bonds. Oh you know those wonderful Italian, Greek, Portuguese, Spanish and Irish bonds…going down the toilet.

“The loan sharks have taken over this nation. They have just taken over there in Italy. They put this guy Mario Monti—they call him Super Mario. How about three card Monti? How about this guy—look at him, look at the connections! I’m not making this up. Monti. The new[Mario] Draghi head of the ECB. [Lucas] Papademosover there in Greece, three bankers just took over the deal. Where did what’s his name, Draghi come from? Oh, he was head of the Goldman Sachs group there in Europe wasn’t he?” [emphasis added to the text]

All three replacements of key positions to ‘manage’ the financial crisis in Europe were drawn from a former employees list of U.S.-based Goldman Sachs.  Monti, Draghi and Papademos had worked for the Fed’s second-largest primary dealer or the U.S. Treasury.

Apparently, it works two ways, as well.  Sometimes high-ranking politicians or ‘advisers’ to these public servants transfer to Goldman Sachs presumably to replenish the stock of ‘experienced’ Washington-Wall Street team players.

Celente noticed President Obama’s notorious White House Counsel heading over to Goldman Sachs in 2010 to advise the firm on legal matters relating to its potential criminal role in the financial meltdown that began in 2008.

“This is like the fox watching the foxes.  No, so the whole thing is corrupt from top down,” Celente said in a Russia Today interview in April 2010.  “Look what’s going on, President Obama’s Chief Counsel Greg Craig is now working for Goldman Sachs.  The Goldman Sachs gang. Wall Street’s hijacked Washington.”

According to Wikipedia, Craig’s client list reads like a Who’s Who of notorious Washington politicians, international figures, CIA personnel, and alleged CIA-connected individuals of foreign states.  Interesting enough, except for Goldman Sachs, Craig has no previous record of taking on clients from the banking industry.

“The banks are doing the robbing,” Celente told King World News in an interview on Wednesday, before Bloomberg’s article about former Goldman Sach’s Mark Carney.  “They’re the bank robbers.  It’s the greatest heist in world history and the banks are doing the robbing.

“You know, Eric, you can give a man a gun and he can rob a bank.  But you give a bank to people like Barclay’s Robert Diamond, to Goldman Sachs Lloyd ‘I’m doing God’s work’ Blankfein, or JP Morgan’s ‘It’s a tempest in a teapot that two-billion dollar loss’ Dimon, and they can rob the world.

“No one has ever seen anything like this in history.”

Because the global financial crisis ranks as the no. 1 U.S. national security threat, according to the Pentagon, the use of CIA tactics to shape public opinion to accept another Goldman Sachs boy to head Washington’s partner in crime across the pond in the ongoing financial debacle shouldn’t be much of a surprise.  Celente warned of it.

“Other methods for IO [Information Operations] attack may include psychological operations such as initiating TV and radio broadcasts to influence the opinions and actions of a target audience. . .” 

—U.S. Department of Defense

Bloomberg’s article title is a dead giveaway as a PSYOP from the banking cartel, as it gratuitously makes the suggestion that another Goldman Sachs boy will somehow remove the tarnish of the kingpin institution of the LIBOR scandal.  It’s akin to suggesting that a member of the Capone gang will clean up the Chicago police department, Celente reminds us of previous personnel ‘appointments’ or ‘installations’.

And a well-crafted PSYOP would be incomplete without testimonials from other gangster bankers, another pet peeve of Celente, who routinely lampoons former White House economic adviser Larry Summers as the “brilliant Larry Summers.”

“Larry Summers, I love it, every time they talk about Larry Summers, he’s always brilliant,” Celente told InfoWar’s host Alex Jones in august 2009.  “He’s another brilliant one, he’s the one that helped dismantle the Glass-Steagall Act, the banking act that was put in place in the 1930s so the banks could again become the banksters that they’ve become.”

Bloomberg doesn’t quite catch a quote referring to Carney as “brilliant”, but the well-known propaganda rag for the Washington-Wall Street cabal did, predictably, publish a quote lavishing how “smart”, “savvy” and a “good manager” Carney is, and how appropriate that the BOE has looked “outside” of its sovereign nation for a foreigner—a Goldman Sachs foreigner.

“Mark Carney is one of the brightest, most capable people I’ve ever met in global finance and central banking,” former U.S. Treasury undersecretary Tim Adams told Bloomberg.  “I’ve been around these circles a long time and he’s smart, politically savvy, a good manager and has an outstanding track record. It’s tough to find all those elements in a single person.”

And somehow Bloomberg included a clever quote from a former BOE lackey, who must have forgotten that Carneyis  a banker—a central banker, referring to him only as a “Canadian”.  Everyone loves a Canadian Goldman Sachs boy; he’s from the “outside”.

“Why not get a head that’s global? Bankers aren’t very popular, and a Canadian sounds like a good choice,” said Kent Matthews, former Bank of England researcher. “It may well be that to restore credibility they have to look outside.”

“Dan Conaghan, author of a book on the Bank of England, said he’s almost certain there’s never been a foreign head of the central bank since it was founded in 1694,” stated Bloomberg.

Just as Celente said, “No one has ever seen anything like this in history.”  Well, in the case of Mark Carney, 1694.

Could it be that the UK will threaten U.S. dollar hegemony with a run on its sovereign debt next, after Europe, and that a Goldman Sachs hatchet boy needs to make sure it’s ‘handled’?  Refer back to a portion of the opening paragraph of the Bloomberg article, above.  In that paragraph, Bloomberg writes a ridiculous line: “Mark Carney, the Canadian who polices the world’s financial system . . . ”

Carney, the Canadianpolices the world’s financial system?  This article is no doubt a bankster PSYOP, through and through.

Fed Plans Dollar Devaluation, New Evidence; Why Now?

By Dominique de Kevelioc de Bailleul

Zerohedge.com once in a while posts a bombshell.  The latest, This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied – The Sequel, proves once again that Trends Journal Founder Gerald Celente should top investors’ Google News alerts for his latest outlook and commentary.

“You don’t own your money unless you have it in your possession.
—Gerald Celente Nov. 2011 (following MF Global’s sudden bankruptcy, Oct. 31)

And to put some official sanction to an already corrupt banking system, the safest of safe assets, cash, will shockingly turn out to be not safe after all when the big reset nears.  In fact, cash, too, will be confiscated through, maybe, another Obama Executive Order, more un-prosecuted fraud and consolidation to benefit JP Morgan, or just an old-fashion overnight currency devaluation, which is usual and customary—and is, presently, the odds on favorite after all attempts by the Fed to jury-rig the banking system fails.

As the following excerpts of the NY Fed proposal to Bernanke and Co. reveals, plans for coping with a banking crisis in the U.S. via some form of dollar devaluation are underway, including capital controls to stem a bank run—of course.  Therefore, it’s necessary to make changes to Money Market Rule 2a-7.

Title: The Minimum Balance At Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds

 . . . This paper proposes another approach to mitigating the vulnerability of MMFs to runs by introducing a “minimum balance at risk” (MBR) that could provide a disincentive to run from a troubled money fund. The MBR would be a small fraction (for example, 5 percent) of each shareholder’s recent balances that could be redeemed only with a delay. The delay would ensure that redeeming investors remain partially invested in the fund long enough (we suggest 30 days) to share in any imminent portfolio losses or costs of their redemptions. However, as long as an investor’s balance exceeds her MBR, the rule would have no effect on her transactions, and no portion of any redemption would be delayed if her remaining shares exceed her minimum balance. [her?  Politically-correct thieves.]

The motivation for an MBR is to diminish the benefits of redeeming MMF shares quickly when a fund is in trouble and to reduce the potential costs that others’ redemptions impose on non-redeeming shareholders. Thus, the MBR would be an effective deterrent to runs because, in the event that an MMF breaks the buck (and only in such an event), the MBR would ensure a fairer allocation of losses among investors.

Importantly, an MBR rule also could be structured to create a disincentive for shareholders to redeem shares in a troubled MMF, and we show that such a disincentive is necessary for an MBR rule to be effective in slowing or stopping runs. In particular, we suggest a rule that would subordinate a portion of a redeeming shareholders’ MBR, so that the redeemer’s MBR absorbs losses before those of non-redeemers. Because the risk of losses in an MMF is usually remote, such a mechanism would have very little impact on redemption incentives in normal circumstances. However, if losses became more likely, the expected cost of redemptions would increase.  Investors would still have the option to redeem, but they would face a choice between redeeming to preserve liquidity and staying in the fund to protect principal. Creating a disincentive for redemptions when a fund is under strain is critical in protecting MMFs from runs, since shareholders otherwise face powerful incentives to redeem in order to simultaneously preserve liquidity and avoid losses. . .

Importantly, an MBR rule also could be structured to create a disincentive for shareholders to redeem shares in a troubled MMF, and we show that such a disincentive is necessary for an MBR rule to be effective in slowing or stopping runs. . .

. . . if losses became more likely, the expected cost of redemptions would increase.

[emphasis added to the above text]

And that bank run is sure to come, according to John Williams of ShadowStats, among other ‘unencumbered’ analysts, and will most likely involve all the “if necessary” clauses to kick in, such as “suspending redemptions” of money market funds altogether.

As the moment of another Lehman-like collapse (on steroids) nears, more and more bold calls for soaring gold prices by regulars of King World News (KWN) streamed in, all within a week.

With Spanish 10-year notes reaching 7.47 percent, Tuesday, closing above 7 percent for the past two trading days, and the IMF preparing to cut Greece off, the air is rife with an imminent emergency QE from the Fed, a global QE announcement of some kind, or at the outside chance, a complete financial panic brought on by a systemic European bank run.

However, Bernanke and his colleagues won’t allow a collapse as long as investors believe they’re still relevant.  More QE most likely is at hand to keep Spanish yields from, then, pushing up Italian yields above 7 percent, creating three fires in the eurozone instead of the only one fire still raging in Greece.

“It [global QE] is coming a lot faster than the gold bears think. It can be any weekend now. It could be this weekend,” Jim Sinclair of JSMineset stated on his blog this weekend.

“The longer the central banks wait, the more nuclear and longer the QE blast will have to be maintained,” he added.  “The price of gold is going to $3,500 and higher.”

And Eric Sprott of Sprott Asset Management brought up ‘black swans’ in his lengthy interview with KWN late last week.

“My biggest ‘black swan’, Eric, is that I think I’ll be right one day,” said Sprott.  “My worry is that one day they just shut everything down.  They say, ‘You know what, we just can’t keep this up anymore, the whole Ponzi (scheme), we just can’t do it and we shut it down.’

“All of the markets freeze, and the stocks that you are short are never allowed to go where they were.

“They might cease gold trading, in the normal sense, or maybe they will even outlaw gold trading.”

Jim Rickards, another regular on KWN was quoted by Austria-base FORMAT, Tuesday, “I expect a gold price of $7,000 by the next several years.”  Rickards, too, expects the U.S. to either outlaw gold possession or tax it into the underground economy.

Egon von Greyerz Matterhorn Asset Management told KWN, “ . . . my target on gold of $3,500 to $5,000 over the next 12 to 18 months, and then over $10,000 in 3 years.”  von Greyerz is convinced the monetary ‘authorities’ will have to incorporate gold back into global settlements.

Gerald Celente said on Max Keiser’s program, On The Edge, a false-flag attack could be in the offing before a QE announcement, presumably to distract the world from the Fed’s upcoming ridiculous and reckless policy move.

And, the interview to rival the Sinclair announcement comes from the Anonymous London Trader (ALT), who told KWN’s Eric King that something big will be coming out of official channels soon.  There’s too much discussion and scuttlebutt surrounding the unmentionable topic among polite company, which is, allocated gold accounts, or better, yet, the lack of allocation, thereof.

“It is now beginning to be discussed, openly, that the unallocated gold is not at the banks,” said ALT.  “This is definitely the case with many of the allocated accounts as well.  The reason I’m pointing this out is you have a more ‘open’ disclosure that’s taking place with regards to this.

“This tells me there is something major that is happening behind the scenes.  It tells me that the LBMA’s price fixing scheme is coming to an end.  You have these naked short positions, that are incomprehensible to most people, in both gold and silver….”  [emphasis added]

With GATA’s Bill Murphy’s testimony of his ‘connected’ source suggesting August will be the month of fireworks in the gold market, Nouriel Roubini making the rounds telling the world that the U.S. economy is tanking—again—and reports from Germany-based Der Spiegel that the International Monetary Fund will stop funding Greece as soon as the EMS becomes operative in September (which is still not funded), the world is on the precipice—for the umpteenth time—of financial Armageddon, unless something drastic comes out of the world’s central banks, soon.

All of that comes back to the NY Fed’s latest proposal to the FOMC.  If adopted, the NY Fed proposal to institute capital controls on money market funds may come sooner than investors now believe.  But you can count on central bankers to deploy Jim Sinclair’s mantra “QE to infinity” in the meantime.  In the eyes of neo-Keyensians, they have no better choice but to devalue the U.S. dollar more rapidly.  Gold (and silver) will be the last refuge.

Gold Bugs: Do You Suffer from Pappagallo?

By Dominique de Kevelioc de Bailleul

As the Greek vote Sunday came and went, the G-20 Summit, ditto, and now the announcement of the FOMC meeting in Washington comes to a close, gold bugs appear to be hanging onto every event like dogs eyeballing his master in hopes of receive a scrap from the dinner table.

And for those news junkies following the European spectacle, how many times do we need to read a variation of the following quote?

“This [prop up of the global financial system] is not going to work unless they let the fund gear up and draw on the full firepower of the ECB,” David Owen of Jefferies Fixed Income told The Telegraph.

And here comes that ‘pappagallo’ line that Trends Research Institute’s Gerald Celente talks of—that tired, over-baked and repeated analysis coming out of every so-called financial ‘expert’ quoted for the past three years from so-called ‘papers of record’ . . .

The “only institution with the credibility and balance sheet to reassure markets. It would be much simpler if the ECB carried out quantitative easing but that does not seem to be an option.”

No kidding!  If only the masters of markets would notice how hungry you are, how starved for capital you are.  You’ll get it, because if you don’t, some very angry mobs, mixed and matched up among 46 million food-stamp recipients toting guns, won’t be too happy going to bed hungry.  And if you don’t think America’s pathetic version of nobility didn’t notice what happened in Egypt and Libya after the money run out, you’re not even half on track to understanding the gold market.

“So the wolves are at the door and it’s the door to (German Chancellor) Merkel’s home,” prolific author and money manager Stephen Leeb told King World News, Monday.  “My guess is she is going to cave. The Mexican central banker, Ortiz, who is widely regarded as one of the clear thinkers, was quoted as saying they can stop the problem in Europe almost immediately, ‘by carrying out a massive round of government bond purchases.’”

Leeb continued, “I think that’s where we have to go.  In other words, just as our Fed has printed literally trillions of dollars by buying our bonds, the European central bank has to do something very similar.”

High-profile politicians and bankers are deathly afraid of violence and retaliation from an awakened citizenry, now hungry.  When a nation’s currency collapses, so do civility and bourgeoisie pretensions.  Leeb isn’t quite sticking his neck out with his prediction (and he knows it).  Either money floods the system now or in the fourth quarter, or whenever, privately held gold won’t change one microgram.

According to three-years of veteran gold trader Jim Sinclair’s commentary, the path has already been set; the endgame to the global financial system is clear—it’s done!  The propaganda, sideshow events from the actions taken by politicians and monetary authorities at this stage, are much, much too late and won’t change the outcome for gold.  Sinclair calls the charade, the circus act of political spin and downright lies—MOPE—Management of Perspective Economics.  The Fed calls it, Management of Expectations—or ’1984′ talk for the word: propaganda.

Either gold drops far less than financial assets, or gold will soar to massive heights, leaving financial assets behind.  What’s important is, the purchasing power of gold after the financial 9-11 dust settles in the coming months.  Then you become one of the ‘rich’ and ‘wanted’ by the lynch mob who will come to believe that you were unpatriotic for ditching worthless script, contributing to the dollar’s demise.  That’s all that you need to worry about.

Take it from Kyle Bass, the billionaire who has prepared for anarchy by fortifying his residential estate against wayward criminals.  Ask George Soros about Malaysian Prime Minister (1981-2003) Mahathir bin Mohamad’s publicly scapegoating the famed currency trader’s role in the Asia currency crisis of 1997-8.

In other words, just get some of the yellow metal and stop the suffering from the day-to-day wranglings of the price of gold.  Better yet, if you want to see what a patient’s heart monitor reading looks like during a heart attack, buy the white metal, silver, and enjoy the adrenaline rush.

Now, start preparing for escape routes and telling your friends you gave up on the gold market and sold all of what you had to pay for unexpected expenses.  You’ll be scapegoated, ratted out and a victim of envy and scorn—as the Mogambo Guru Richard Daughty predicts.

“This Thing is Coming Down,” Says Gerald Celente

By Dominique de Kevelioc de Bailleul

In a lively Saturday interview on King World News, Gerald Celente began by ridiculing the media’s propensity to jump from one hyped event to the next during the global financial crisis, providing a unnecessary distraction from the all-important final outlook he forecasts for investors.

“This thing [financial system] is coming down,” Celente told KWN’s Eric King.

The outcome of the Greek election is not important, according to the founder of Trends Research Institute.  What’s happening in any country is not particularly important, per se; it’s the collective symptoms of a global financial collapse that investors should focus their minds upon before considering what to do to protect their wealth.

“The entire financial system is under collapse,” Celente forcefully continued.  “It’s not about the Greeks; it’s not about the Spanish; it’s not about the Italians; it’s not about the English; it’s not about the Americans; it’s not about the Chinese; it’s about everybody.”

‘It all comes back to gold,” he said.  Celente added that he is not an investment adviser, but has repeatedly stated in the past that he likes the yellow metal for its ancient reliability as the ultimate safe-haven during times of financial crisis.

Simultaneously, vital economic statistics across the global economy show steep drops or have begun to resemble bubble-like characteristics.  Suddenly, the global economic growth story, the West-East ‘decoupling’ theory, and the global ‘muddle-through’ thesis, increasingly appear to be nothing more than well-crafted media-driven nonsense.  It’s just a media con job to keep investors back on their heels and away from critical thinking regarding their savings and wealth, according to Celente.

It was Fed Chairman Ben Bernanke and his predecessor Alan Greenspan who claim they didn’t see the housing bubble, nor the dangers of more than one quadrillion dollars of derivatives written since 1999.

In August 2010, Bernanke told attendees of the Jackson hole Summit, “For a sustained expansion to take hold, growth in private final demand — notably, consumer spending and business fixed investment — must ultimately take the lead.

“On the whole, in the United States, that critical handoff appears to be under way.”

As it turns out, nothing could have been further from the truth.  The financial crisis deepened throughout 2010 and 2011, with revelations that Greece could not pay on its gigantic sovereign debt and by implications threatened to take the eurozone with it as other EU sovereigns would be next.

In the U.S., bogus jobs reports issued by the U.S. Labor Department, which showed an economic recovery, streamed in month after month.  In essence, the data merely show a halt of an immediate economic Armageddon, not a recovery.

Back then, gold traded at $1,200.

Today, global statistics point to a deepening of an already recessionary global economy, but the media continues to spin the data to help the Fed ‘manage expectations’.

Though, not complete, below, is a list of items that support Celente’s call for an impending next leg down in the global financial crisis.

ñ A property bubble about to burst in Canada

ñ Bank runs in Greece, Spain and Italy

ñ Spain housing market to drop another 25 percent, according to S&P

ñ Netherlands reports sudden 10 percent drop in retail sales

ñ EU proposes currency controls

ñ China reports rapidly decelerating GDP, ramps up gold imports

ñ Baltic Dry Index approaches 2009 low

ñ India’s currency, the rupee, is under attack

ñ Slovenia needs a bailout

ñ Cyprus needs a bailout

ñ Egypt in the throes of civil war, again

ñ Fed overtly monetizing debt 30-year treasuries, according to zerohedge.com

ñ U.S. job market is fictitious, according to John Williams and Charles Biderman.  Real unemployment is 22 percent

ñ U.S. consumer tapped out and buying necessities with credit cards

ñ Global recession next year pegged at “100 percent” certainty, according to Marc Faber.  Jim Rogers agrees with Faber’s assessment and includes 2014 as a worse outlook

Countering misleading comments made by officialdom throughout the crisis—blatantly appearing to follow the playbook of former President of the European Council Jean-Claude Juncker, who once said, “When it becomes serious, you have to lie,” —Celente told KWN listeners to not expect the truth out of Washington or Brussels.  You must “think for yourself” and that “you’re on your own” while the global financial collapse plays out.

What should investors do? Eric King asked Celente.

“Speaking for myself . . . You [referring to Eric King] know me,” Celente stated.  “I’ve always made it clear; I only put my money in gold and in silver,” and added, “And a friend of mine, to me, the best strategy that I’ve heard.  And again, I do not give financial advice.  His strategy is, every month he buys gold and silver.  Every month he buys gold and silver with the extra money he has.  Every month.

“It’s a brilliant strategy. . . I’m in gold for the long term.  I’m not getting out of gold, and I continue to invest in it when I can.”