Truth, Justice, and (no longer) The American Way!…” We have a system where the president makes up laws as he goes along, the Supreme Court rubber stamps his illusions and Congress has been relegated to irrelevance.”
By Bill Holter
GoldSeek.com
Tuesday, 28 July 2015
While taking a short vacation last week, this article was intended to be my first one upon returning. That plan was squashed a week ago with the brutal “interventions” upon gold and silver during the illiquid overnight hours early Sunday morning. Let me add to what I wrote last Friday by saying the phrase “TIME AND SALES”! For anyone who does not know what this means, any trade on any market anywhere in the world has a “paper trail”. It is called a “time and sales report”. Very simply, it reports who traded what, in what amounts and to whom. Once the broker is identified, then regulators can query as to who the customer was for whatever trade in question. If they want to know “whodunit”, it’s quite simple.
This is not rocket science. It is not hocus pocus or even anything “special”. Time and sales have been around since the dawn of trading. Even prior to computers, handwritten records were taken to record who traded what, when and in what quantities. Should the SEC, NYSE, CFTC or anyone else want to know who is doing what, it takes five seconds or less to find out.. (This includes the Chinese who have outlawed selling under the penalty of firing squad!!! So who is doing all the selling?) In my opinion, the regulators should be strung up on lampposts for their lack of doing the jobs they are being paid public tax money to do. They have turned a blind eye, presumably because they are told or believe it is for “the greater good”? …the greater good… sounds like something out of Russia or China back in the day when I was a youngster in the 1960’s – or even something in the history books we read as kids in school regarding Nazi Germany.
Do you remember this time period? I still remember this time frame very well and pine for it every day. Back in those days we couldn’t wait to get home from school so we could get to play baseball, football, basketball or even hike it to the nearest pond in winter time to play some pickup hockey. Back in those days our parents knew where we were by where our bicycle was.
The Rest…HERE
