New OWS Slogan: Eat Sh*t Warren Buffet

We implore Occupy Wall Street (OWS) to remain focused on the message suggested by those who have spent careers delving deeply into the tactics of the criminal mind who attempt to achieve the ‘Perfect Crime.’  But when, slowly, over time, one criminal multiplies into a criminal syndicate of other like-minded brethren to control a nation’s treasury, one prosecutor is not enough to kill the cancer, a political revolution remains the only cure.

Willie Sutton was asked by a reporter why he robbed banks.  Sutton replied, “Because that’s where the money is.”

Among Al Capone’s Chicago-like crime spree, having gone “white shoe,” as social trends forecaster Gerald Celente likes to refer to them, for so many years, Bank of America’s case of rampant fraud is as good as a case as any to break this Washington-Federal Reserve cartel into pieces.

For a background and primer on the latest ‘in your face’ fraud at Bank of America, famed former bank regulator William (Bill) Black, the man who broke wide open the S&L scandal of the 1980s, involving five U.S. Senators, is a must read for OWS patriots.

The essence of the trillion-dollar crime in progress stems from Bank of America’s attempt to dump multiple-trillions of dollars of hopelessly worthless financial derivatives from its Merrill Lynch subsidiary to its taxpayer-insured Bank of America holding company.  OWS patriots should know that Brian “Mumbles” Moynihan and his bandits on the board of directors exhibit no guilt as they attempt to offload to the taxpayer the losses incurred by former Bank of America CEO Ken Lewis’ reckless and vain purchase of Merrill Lynch on the eve of the Lehman Brother meltdown.

For any high-profile institution to attempt a scam of this magnitude must be in cahoots with the Fed and Washington, Black intimates.  After all, for those studied in the sorted details leading up to the creation of the Federal Reserve in 1913, may come to understand the con of the Federal Reserve and to why Aaron Burr (the real-deal OWS patriot) and Alexander Hamilton were so at odds with each other during the early years of the American experiment of the late 18th to early 19th century.  Burr shot dead Hamilton in a dual in 1804.

Moreover, the all-important real motive behind the Federal Reserve Act’s passage into law (OWS recommended reading: G. Edward Griffin’s book, The Creature of Jekyll Island) was to protect the banks.  The duplicitous and alleged reason for the Creature rings true of many time-endured parasitic institutions throughout history:  it’s all about you and your needs.  When in reality, the compelling reason for bankers to create another ‘religion’ was to greatly mitigate future losses—of bankers!—such as those suffered during the Banking Crisis of 1906-7.  During that crisis, it was the 1% who took the lion share of the losses.  There was no need of an OWS patriot movement.  As Nassim Taleb explained on Bloomberg Television this week, America operated on the principles of the Hummurabi Code back then.

With the denouement of the debt crisis in full swing now, there should be no surprise, then, of how this endgame of the financial crisis will be attempted to be played out.

So, now, the crime has been exposed, thanks to bill Black and others.  It appears that the Fed and Washington are, again, not surprisingly, coconspirators of the crime(s), with preliminary evidence pointing to a cast of characters that make The Keating Five look more like a teenage gang of lunch money extortionists.  And Bill Black is on the case to keep everyone informed of the “white-shoe boys” crimes.

The fight against the cartel now will be waged in the media—yeah, the media that’s been covering up for this enterprise ever since investigative reporter Jack Anderson and those of his stripe left the scene decades ago.  And, now, these ‘useful idiots’ have been belittling the OWS movement, those American patriots who dare to be heard!

“The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.”  — ?

Who, at one time, said that?  Warren Buffett!, the man who took a $5 billion stake in a bank it appears he knew was about to pull a heist—and he wanted a piece of that action with a sweetheart deal of preferred shares (as recommended by his bathroom friend, Mr. Rubber Ducky) while at the same time killing the other bird with his $5 billion stone by playing the role of JP Morgan of the Great Depression, the sequel.

The other mob bosses were happy with Warren, while the media, then, running with the story with “if Camel cigarettes are good enough for doctors, they’re good enough for you” advertising pitch for this up-and-coming pump-and-dump scheme—not too dissimilar to the GM pump-and-dump scam replete with other accounting gimmicks of channel-stuffing inventory figures touted as actual sales.

“Let blockheads read what blockheads wrote,” Buffett has been quoted as saying.  As Buffett masquerades as a creatively contrived noblesse oblige kinda common man, and not an evil “Let ‘em eat cake” gazillionaire kinda guy.  Well, the American people have a quote for you, too—you phony coward, AIG bailout recipient, who now sits in an unique position of history to prevent these neo-feudal barbarians from pissing on the U.S. Constitution.

“Eat sh*t, Warren  Buffett.” — OWS, the second revolution

Peter Schiff: Brace for “Abrupt” Dollar Collapse

Outpacing former U.S. Comptroller General (1998-2008), David Walker, the indefatigable Peter Schiff has markedly stepped up his appearances, interviews and overall visibility of the past year with his dire message to investors: prepare for an “abrupt” dollar collapse. Get my next ALERT 100% FREE

Though a thorn in the side of Wall Street’s behemoth banking cartel, broker-dealers and the financial media that serves them, Euro Pacific Capital’s CEO Schiff strips away the tired rhetoric, massaged sentiment building, shameless hype, obfuscation and outright rumor spreading of CNBC’s broadcast, all characteristic of an old guard desperately clinging to power though its control of a highly sophisticated media-driven propaganda campaign deployed to hide the foreshadowing symptoms of a coming economic collapse.(1)

Speaking with SeekingAlpha’s contributing writer, Garrett Baldwin, Schiff deploys his own version of the truth, which he sees as an endgame for dollar hegemony manifesting in future sharp declines in U.S. Treasuries.

“I do believe that it [the decline in U.S. Treasuries] will be very abrupt,” said Schiff. “I think when the dollar collapses, it will happen very rapidly. When the bond bubble bursts, the air is going to come gushing out. It’s not going to give a lot of people time to reverse their position.”

And like the Nasdaq and housing bubbles, both pricked into collapse, the U.S. sovereign debt bubble, too, has “a lot of pins” out there grasped by powerful  invisible hands; and “it’s [Treasury market] going to find one eventually.”

Peter, the son of famed tax protestor Irwin A. Schiff, has demonstrated that his message to investors can be trusted as pure, no less than uber-American patriot U.S. Congressman Ron Paul’s plea to revamp the global monetary system and phase out the Federal Reserve during his presidential 2012 bid.

While unabashedly speaking truth to power about the dollar’s ultimate worthlessness void of its artificial props, Schiff offers real solutions to what former U.S. Comptroller Walker has metaphorically stated is a “burning platform”—not in the sense of how best to put out the fire (though Schiff tried in his bid for U.S. Senator for his home state of Connecticut), but how investors can profit from an inevitable Roman Empire-like decline.

Schiff’s decade-long message to investors who seek protection from the coming colossal collapse, which he originally saw coming as far back as 2000, is to own gold.  His advice back then rewarded investors with a 700%+ return in nominal terms and much more in real terms when compared with the contrasted performance of more widely-held assets, such as real estate and the S&P500.  The S&P still trades below its 2000 level while home prices continue to fall.

When the subject of gold’s breathtaking drop in late 2008 and early 2009 was broached, Schiff defended his record, talking about the performance of the gold price within a larger context of the overall bull market in the metal since its $255 price tag low of 1999.

“In 2008, gold prices went down, but they’re double what they were now – then,” Schiff explained.  “So people still made money on precious metals. And of course if they bought precious metals, years earlier, had they bought them in 2002, 2003, 2004, even though 2008 was a down year – or at least the second half was. They’ve more than recouped that.”

Schiff continued, “So, people have been able to profit, certainly from the advice to get out of the dollar. The dollar is quite a bit lower than it was when I first started telling people to get rid of it based on these forecasts. Even though it’s higher than it was a month ago, it’s much lower than it was years ago. And the dollar will continue to fall.” Get my next ALERT 100% FREE

To expound on Schiff’s strategy for survival of the mother of all currency crises he sees on the horizon, investors may want to refer to the lifelong work of Princeton Economics’ founder Martin Armstrong, a man whose study of market cycles may shed more light on the coming years’ volatility in the gold market.

Though Armstrong’s personal life is controversial, his brilliant work with market cycles led him to advise the Reagan White House on how best to handle the aftermath of the 1987 stock market crash—which developed into the infamous Working Group of Financial Markets, more popularly referred to today as the PPT (Plunge Protection Team).   Twenty-three years later, the eccentric Armstrong strongly suggests that the volatility we now see in all markets across the globe will increase dramatically into the year 2016.

Speaking with King World News this past week, Armstrong said the volatility will be, frankly, frighteningly breathtaking.

“We’re going to increase volatility by 50% over the next two years, and then, going into the latter part of 2016 it will double again,” he told KWN’s Eric King. “It’s the way markets move.”

“Boil a pot of water.  When it gets to the boiling point, you’ll see all of a sudden the water juts burst into bubbles,” Armstrong explained.  “That’s the way the market is.  And that final end is when you get that doubling effect.  And when you see that, sometime it can be more than double, but when you see that, that’s the time when you are getting into the final top.  So we haven’t seen anything like that yet.”

And to hammer home the point made by Messieurs Schiff and Armstrong, gold investors must focus on the endgame and not the extreme volatility in the gold market.  To keep it simple, the old stead hand of financial markets, Dow Theory Letter’s Richard Russell, said about gold in a roundtable discussion with Financial Sense Newshour in 2003, “I think it’s a bull market [in gold]. The bull will always try to shake you out, go up with the least people as possible.”  Russell suggested  that investors should not look at the gold price anymore than they look at the market value of their houses on a day-to-day basis.  Instead, the 87-year-old veteran of the markets said,  “You buy and take a position in gold, and that’s it.”

Footnote:

(1) Today’s early-morning c update on CNBC featured a roundtable discussion session, including the establishment’s most sycophantic shill of television, Steve Liesman, a 20-year and enabling CNBC veteran Joe Kernen, another of Wall Street apologist guest, and the 34-year-old Andrew Sorkin.  As Sorkin began to hit home the salient points behind the reasons for OWS’s growing uprising—now sprouting worldwide—Liesman, abruptly stepped on Sorkin and began the 3-man gang up operation on the young Gerald Loeb Award winner.

Occupy Wall Street Revolt reaches Silver Market

Arab Spring spreads to the United States.

As operation Occupy Wall Street buds into a potential monstrous patch of weeds scattered throughout, what would be, otherwise, a bankers Garden of Eden, with unconfirmed reports of the Transportation Workers Union, Teamster’s Union and Verizon Workers slated to join in on the bankers bashing this week in NYC, the silver market, too, is undergoing its own protest—of sorts—against the Monopoly money of the bankers—the U.S. dollar.

Speaking with Financial Sense Newshour’s James Puplava, CEO of KDerbes Precious Metals, Kathy Derbes, told listeners that September’s swoon in the silver price sparked a shocking revolt against paper money, as her clients came in with “extraordinary buying” for all silver products “across the board” in a frenzy to trade paper for precious metals, especially silver.

Derbes account corroborates reports out of King World News’ Eric King, who interviewed Eric Sprott of Sprott Asset Management last week, in which Sprott said his firm had been wiped clean of its silver stock during the huge price drop of the week ending September 30.

Similar to Sprott’s clients, Derbes’ explained that her clients are well-healed, shewed investors who are acutely aware of the bullish fundamentals underpinning the bull market in silver.  In fact, in the minds of these investors, according her, the reasons for converting paper money to hard-money have intensified.  “They know what’s going on,” she said.

While the selling intensified in the silver futures pits last week, Derbes said her clients previously had picked up on the paper game played at the Chicago Mercantile Exchange (CME) and don’t interpret the price drop as a disappointment.  The opposite reaction, she said, is true: these investors see the calamity as a gift.

“That [silver's 30+ percent drop within three days] was intense selling for a myriad of reasons, Derbes explained.  “But while that was going on, my clients on the physical side have had just extraordinary buying.”

“I think investors are really smart; they know what’s going on.  They understand that these price breaks, particularly this time around, are not telling us anything about fundamentals of gold and silver,” she continued.  “In fact, I think the reasons for owning it have gotten a lot stronger.  It’s basically a reaction to, in my opinion, short-term liquidity needs brought about by a number of different issues going on in the macro environment.”

Not only have premiums increased for sovereigns and privately-minted silver coins at bullion dealers during last week’s sell off, dealer delivery times are expected to match the delays following the aftermath of the global 2008-9 sell off.  At that time, reports from dealers across the globe indicated long lead times for larger orders, most notably, of which, came from Sprott Asset Management  and the subsequent ongoing drama associated with protracted delays in delivery of its 694-ton silver order in late 2010.

On Jan. 10, 2011, Sprott issued the following news release: 

As of Nov. 10, 2010, the Trust had contracted to purchase a total of 22,298,525 ounces of silver bullion. As of Dec. 31, 2010 a total of 20,919,022 ounces of silver bullion had been delivered to the Trust. The Trust expects to take delivery of the final 1,379,503 ounces of silver bullion by Jan. 12, 2011.

Derbes believes the market for silver may become tighter, still, in subsequent weeks and moths ahead following last week’s massive drop in the spot price at the COMEX.  Coin premiums have soared on Thursday and Friday of last week, just as they had during the last steep correction in paper silver two years ago.

“We’re probably in the beginning stages of what could be shortages; it certainly looks that way, so we’ll have to wait and see what happens,” she reckons.  “I’ll tell you this, the buying has not stopped.  If anything, it’s intensified this week.  It’s pretty amazing.”

“We have to remember that it’s [silver] a market that cannot be printed into existence like the paper currencies.”

The Occupy Wall Street movement is the latest in, what appears to be, an ongoing and more intensified crises in confidence in US institutions.  While protestors descend on Wall Street to voice their anger regarding its government taking side with big bankers and the Fed during the toughest economic times since the Great Depression, investors in droves are casting their vote against the paper dollar and in favor of hard money—gold and silver.