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4.30.2011

When To Sell Your Silver & Gold Booty ? A Few Things To Look For


SIGNAL TEST FOR END OF GOLD & SILVER BULL
It is not complicated. Have they liquidated any big US banks??  Has any reform come for encouraging the return of US industry??  Has any regulatory reform been pursued for expanding business?? Have they stopped printing money to cover debt??  Has any reduction in USGovt deficits been realized??  The answer is a loud NO on all counts, which signals a continued bull market in precious metals. They print money to cover bonds which raises the cost structure and thus works to remove active capital through the natural process of business shutdowns due to vanished profitability. Watch for job cuts from the pervasive cost shock and its powerful squeeze. Watch for even greater propaganda of economic recovery in supposed business growth, which is almost all price inflation relabeled as growth, fully forewarned by the Jackass over the past three or four months. The Gold bull market will continue for at least a couple more years, as nothing is fixed and the major currencies continue their extreme debasement and ruin. Gold & Silver are currencies of last resort hated by central bankers, more widely embraced in the last year or more. The Silver bull market will continue for even longer, as nothing is fixed and the major currencies continue their extreme debasement and ruin, while industry must contend with widespread chronic shortages.
Bear in mind that the USFed is actively buying the TIPS, icing down the thermometer. They are doctoring the Treasury Inflation Protection Securities meter itself, done openly, without apology, without critical response by the bank analysts, asleep at the wheel. The upcoming wild card: foreign trade will no longer want the USDollar for crude oil or Chinese products. These two arenas are snake pits where the King Dollar will be bitten and delivered venom. So much intellectual inbreeding has taken place among bankers and economists. The jig is up and the game is over. Next comes the collapse, in progress but not yet widely recognized. Take your pick on imagery. The USDollar will face a shut door, as the welcome matt is removed, as foreigners pull the rug out. They are disgusted with unspeakable bond fraud. They are disgusted with endless banker welfare at global expense. They are disgusted with unbridled monetary inflation in the form of accelerating debt monetization. They are disgusted with runaway USGovt budget deficits. They are disgusted with fast rising food & energy prices, attributed directly to the USFed. They are disgusted with lost value of their reserve assets, attributed directly to the USFed. The USEconomy is in the process of collapse. CNN has yet to announce the collapse, so it is not widely perceived. They seem incapable even to report on a basic fact, that the USGovt has already exceeded the legal debt limit.
Just a final footnote on the Libya front. A quote from Manlio Dinucci. He wrote (in translation from Italian), "US and European ruling circles focused on these funds, so that before carrying out a military attack on Libya to get their hands on its energy wealth, they took over the Libyan sovereign wealth funds. Facilitating this operation is the representative of the Libyan Investment Authority, Mohamed Layas himself, as revealed in a cable published by WikiLeaks. On January 20th, Layas informed the US ambassador in Tripoli that LIA had deposited $32 billion in US banks. Five weeks later, on February 28th, the USTreasury froze these accounts. According to official statements, this is 'the largest sum ever blocked in the United States,' which Washington held 'in trust for the future of Libya.' It will in fact serve as an injection of capital into the US economy, which is more and more in debt. A few days later, the European Union froze around 45 billion Euros of Libyan funds." So not only debt monetization and hyper inflation keep the US and Western system going, but basic theft of tyrant's funds. One must wonder if destabilization of tyrant rule has a hidden ulterior motive of confiscation. The news media carefully avoids this confiscation topic and the central bank role in the heated war. Somehow, the Egyptian funds pilfered by Hosni Mubarak have escaped confiscation. My howls of laughter were heard 100 yards (meters) away when Bloomberg News reported that Mubarak had accumulated almost $60 billion over 30 years of dictatorial rule from prudent savings. The legal stealing rights among national leaders is epidemic, and includes the United States and England, the center of the Global Axis of Fascism.

Jim Willie CB
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