Financial Big Bang is Closer Than Ever

Wednesday, August 31, 2016
By Paul Martin

By Andrew Hoffman
TheDailyCoin.org
August 31, 2016

These past two weeks rival any I’ve seen in my 14½ years of minute-to-minute PM watching – during which, the Cartel has relentlessly suppressed prices amidst an unrelenting blizzard of “PM bullish, everything-else-bearish” news flow. Using cover of the two slowest trading weeks of the year, they have aggressively pushed prices away from the indisputable “breakout levels” of $1,370/oz for gold – representing the “downtrend line” created by September 2011’s “Operation PM Annihilation I,” December 2011’s “Operation PM Annihilation II,” February 2012’s “Leap Day Violation,” and April 2013” Alternative Currencies Destruction” raids; and $20.45/oz silver, representing its 50-month moving average.

Yesterday was particularly egregious; as with interest rates barely higher, and for much of the day, flat or lower, paper gold and silver were bombed; after having barely been allowed to rise Monday, when interest rates – “hawkish” Yellen and Fischer comments notwithstanding – plummeted. To that end, the benchmark 10-year yield, closed yesterday – and remains today, after an “in line” ADP jobs report – at exactly the 1.58% yield it was at the moment before Janet Yellen’s speech Friday, just 25 basis points above the lowest yield in the nation’s 240-year history. In other words, for all the propaganda of how Yellen’s speech, and Stanley Fischer’s follow-up comments, portended “imminent rate hikes” – as if rate hikes are “PM negative,” given that PM bottomed the day the Fed raised rates last year – it was, in actuality, a non-event.

Not to mention, when considering the massively hyperinflationary speeches at Jackson Hole’s Saturday sessions; and oh yeah, the unending torrent of “PM bullish, everything-else-bearish” news flow since. In the big picture, this entire, late August “summer doldrums” period – when the entire world is trying to “rest,” amidst an horrific year of political, economic, and social instability that promises to go parabolic this Fall – was about the powers that be using a low volume environment to “paint” perceptions, ahead of what promise to be a series of violently volatile, potentially historic, events.

Before I get to today’s very important topic, I thought I’d highlight a handful of news items and articles of the past 24 hours – which cumulatively, help one to realize just how dire the global financial situation has become; and just how reckless and destructive the powers that be’s’ responses will be – starting with this Jackson Hole parody from Tim Price; possibly, the most humorous anti-Central banking piece I’ve ever read.

The Rest…HERE

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