Former Treasury Official: The West Is Collapsing!…”Everything in this country is becoming Third World – nothing functions anymore.”

Monday, June 29, 2015
By Paul Martin

SilverDoctors.com
June 29, 2015

>Based on the reaction overnight by the stock market futures to the EU/Greek situation- I would hazard the opinion that the zombies on CNBC were slighly off-base when they asserted last week that a Greek default was already “priced into the market.”
If Greece leaves the EU, it will likely trigger the eventual unraveling of the entire EU.

Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics:

Everything in this country is becoming Third World – nothing functions anymore. – Dr. Paul Craig Roberts, Shadow of Truth, in reference to the completely rigged financial markets and failed democracy in the United States

Based on the reaction overnight by the stock market futures to the EU/Greek situation – the S&P 500 futures are down 25 pts/1.2% – I would hazard the opinion that the zombies on CNBC were slighly off-base when they asserted last week that a Greek default was already “priced into the market.”

This idiocy displayed on CNBC is emblematic of the extreme degree to which propaganda has infected our media. But it also highlights the degree to which the American public has willingly turned a blind eye to the Orwellian fog that has completely enveloped our system.

A perfect example of a dysfunctional financial market is the Comex silver market. The open interest in silver futures is currently nearly 1 billion ounces of silver. Against this, the Comex vaults are reporting 57 million ounces of actual physical silver that is available to deliver into the silver futures open interest. Never in the history of the known universe has any commodities futures market experienced a dislocation this extreme between the paper contracts which represent the underlying commodity and amount of physical commodity available to deliver into those contracts.

This is a failed market because the Comex silver market no longer operates as a price discovery mechanism. Furthermore, the parties (CME directors, the SEC and the CFTC) responsible for Governing the Comex and for enforcing the securities laws already in place that are designed to prevent markets from becoming corrupted like this have conspired to prevent the Comex from functioning as a bona fide price discovery mechanism. Instead, the Comex has deteriorated into a cesspool of corruption and wealth confiscation.

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