Easy as Pie (June 2008)

The GOLD CARTEL and their allied silver price managers have really kicked the PM sector, time and time again, and at times have their way with things, driving down bullion prices to give the appearance of strong fiat paper money, the illusion persists. And yet again, as now, the GOLD CARTEL attempts to cap the rate of increases in bullion prices so as not to scare the sheeple and to pretend that all is fine with fiat paper money, perfected through their surreptitious bullion bank gold sales, swaps, loans for short selling, with their manipulative concentrated short futures positions, and with their naked short share selling. Sure, its unfair, its un-American, its anti-competitive, and it is inherently duplicitous. But that is not the point, we have accepted it as the status quo.

Any of you gold bugs mad? Any of you silver bugs upset? Come on, do tell us all how really mad you are. Are you hot as hell? Are you willing to grab a gun, and go hunting for the perpetrators, and defend your rights in the AMERICAN TRADITION? Well, 90 millions of us Americans have guns, yet not a shot has been fired in anger against the perpetrators of the gold suppression scheme, destroying our REAL CONSTITUTIONAL MONEY. Where are the good old vigilantes when you really need them? Well you gold bugs, may be upset, and may be armed, but I don’t think any of you have the guts to show your disgust through targeted violence against the GOLD CARTEL for their market manipulation. Most bugs, just kick it, and hope Midas, GATA, et al, will win the day to defeat the GOLD CARTEL with mere words. Sticks and stones, they say in reply. I call all that being really a bunch of gold pussies, relying on others to correct the wrong. And you bugs, you all can count me in on that characterization, as I will not, under any circumstance, encourage or call for out right REVOLT or REBELLION against any government or their enablers, or any of the banksters, who really should be hung high in the public square. Nope, not for mere money or profits will I call for armed riots, revolt, or rebellion of any kind. The GOLD CAREL, the OIL CARTEL, the SILVER PRICE MANAGERS, they all do it, manipulate markets, and yeah, we know all about that, and we just live with it, don’t we? What a bunch of pussies, me included!

Today there is a new critical action on the commodities scene that is deadly serious, and must be taken very seriously, and must be resolved without any further delay, like right now! There is a new group of monsters on the manipulation scene, but this lot has a very different agenda, they want to hedge fund food prices into the stratosphere to make riches, not based upon supply and demand, but merely upon hedge fund made price momentum, and in so doing, starve people to death, while riches are made. Ain't that nice. The villainy of the Gold Cartel gold price suppression pales in comparison to those who would seek to profit through the starving of fellow human beings. It cant get any sicker than that as a way to make a buck. But one thing is sure, you starve me or my family, and I would be locked and loaded at the nearest food store in a single stomach growl.

What is the result of food price speculation? Well, Haiti is up in flames, riots are breaking out in Bangladesh, rice producers around the world are now hoarding food stocks, and more people than normal are starving and will increasingly starve, to death. The black flag of the hedge fund managers indicates that they will take no prisoners, its all about profits. This is not some white collar crime, but mass murder on a global scale giving rise to a global militancy that will have more of an affect on the price of gold than a 1000 GATA conferences. These starving people are not like us Americans, who just sit back and take it, as those being starved really have no other choice but to revolt. Starvation is a tremendous motivator, even to violence, if necessary, and if these world food prices don’t come down, come down big, and soon, the starving masses may just do the deed for us gold bugs.

Oil is going up, as are base metals, and as are food stores. But, you cant eat oil, nor base metals, nor bullion for that matter, but you must eat food to survive. This global food crises, while pathetically hurting the most vulnerable, will be a god-send to us gold and silver bugs and real money believers. It may just be that catalyst that returns the world to real money ahead of schedule. There is NO STOPPING the ramp up in food prices, as food prices will follow the oil price hikes, and commodities in general, and will run wild, especially now with the dog-pile mentality of the hedge fund momentum players on the heels of massive liquidity pumping over the last year, that takes time to affect increased inflationary expectations. The stage for a global disaster could not have been set up more perfectly, by the banksters, manipulators, and momentum players. With the late 07 and early 08 pumping of mass liquidity into the economies around the world, food price hikes have just begun in earnest. The resulting food hoarding is going to get really nasty and really fast around the world. Food prices are high, going much higher, and the world will be thrown, very shortly, into massive global riots, revolts, and rebellions, unless, of course, the world governments act, act seamlessly, collectively, and cohesively, and quickly. Time is of the essence. But how will they act together?

The concentrated COT interest is the easiest target for governments, to perfect a sudden change in speculative prices. It all depends on the motivation to act, and riots, revolts and rebellions tend to get the attention of office holders to move them off their collective butts and do something to fix it. With food prices soaring, with riots now, and revolts just around the corner, governments may act to intervene, and limit futures speculation. Long and short future positions may be limited in quantity per entity, to stop the surging speculative price action in food stores. But this measure should not be specifically targeted to only food stores, as there are laws against commercial discrimination, targeting one group but not another. GATA should remain circumspective and vigilant to point out any unfair discrimination across the entire commodities futures markets. The UN and member countries have a vast array of interests, and any global solution would not be only food specific targeting, as all commodities would be up for censure. Hence, any solution would be UN based and comprehensive across the commodities complex. If you seek to curb long and short speculation and concentrated positions, under the US Constitution, if that document has any more respect these days, the curb must be applied across the board to all commodities, and that includes oil, gas, coal, base metals, food stuff, and of course, and here is the kicker, the precious metals complex.

Governments will have to act, and act fast now, to stem the rising food riots and pending revolts. The only quick fix is to limit futures trading, and that may mean limiting the number of futures contracts per entity, or something of that kind. If such futures curbs are put into place to stop the speculation in food store, the futures curbs should be lawfully applied across the board. As such, these global food riots will force immediate action by governments world wide, which will collectively act to curb futures speculations, which in turn will dismantle the obscene massive manipulative short positions in the precious metal complex, and KABOOOM, the Dollar Index to 0.25, the UN begins treaty talks on abolishing fiat money world wide, and the world sits on the edge of a conversion to a global real money economy. If that occurs, the Gold Cartel is doomed, the suppression game is up, the whole global fiat money complex collapses, and $5000/oz gold by November 08 will be a piece of cake, and then, returning the world markets to a real money gold and silver global economy, will be, as easy as pie.

Derrick

As long as naked short sales (inherent fraud, selling something you dont even own) are allowed in commodities futures and short sales are allow in stocks (which destroys corporate capital using shares that are supposed to be used to build not destroy corporations), contrarty to the whole purpose futures markets and equity markets, hedge fund momentum mob boss players can make billions in bonuses manipulating and destroying markets, at the expense of the people, and it is obscene and inherently criminal theft and market destruction.

And as predicted, controls were not placed upon bullion short sale manipulations, as the CFTC has a blind eye to criminal bullion manipulation. Why? Because suppressed bullion prices support the strong FIAT dollar policy and maintains power in the DC elitists.