Tag Archives: postpone election

Why Are Central Banks Buying Mining Stocks?

It was reported last week that the Norwegian and Swiss Central Banks had accumulated large positions in several high quality gold and silver mining stocks.  Why would these bankers want to own producers of a barbarous relic?

This is not some scheme to load up on miners and then dump them into the market to help the Fed/ECB/BOE manipulate the precious metals.  That’s an absurd view.  They would just short shares if they wanted to accomplish that.

The dollar’s reserve status is coming to an end. In fact, the current fiat currency system is coming to an end.  Central Bankers know this better than anyone.  Every western CB has been printing  money and buying worthless assets in order to keep the system from collapsing.  Central Banks that want to survive are also finding ways to hedge their fiat currency-based portfolios with negative beta assets.  Mining stocks are the easiest way to gain exposure to coming explosion in the price of gold and silver.   Also note that Norway and Switzerland are not members of the EU.

We discuss this topic in this week’s Shadow of Truth.  We also analyze the Hillary Clinton health situation:

Guest Post: Did The Deep State Postpone The Election?

Dave:

I believe the Deep State postponed the election today, using Clinton’s probably staged “health event” as the opening act of a drama that will unfold over the next several days to few weeks. The Deep State is in the process of pulling Clinton out of the game.

The Deep State knows several things. First, they know that the polls they manipulate showing that Clinton is ahead of or head-to-head with Trump are deliberate, doctored lies. They know that the true numbers demonstrate her campaign is disintegrating. This is reinforced by the fact that during her campaign appearances she plays to what are essentially empty halls, compared to Trump who routinely pulls in tens of thousands of standing-room-only supporters. Increasingly, the people realize that the polls are lies, and there is only so much further the Deep State can push them. The Brexit polls were total lies, too, and they impaled the establishment liars.

Second, they know that she is seriously ill, and that she will not be able to run a full-throttle campaign between now and election day; it will be physically impossible for her. Already, she has mysteriously disappeared from the campaign trail for hours at a time, and oftentimes longer. They thought they could prop her up through election day. Now they realize that they cannot.

Third, they know that Assange’s upcoming leaks are going to reveal her virtually indescribable dishonesty, greed, deviousness and criminality. They know that Assange has genuine information, and that it is going to be devastating to Clinton. She and her “Foundation” are complete frauds, and this fact is going to become totally inescapable, even to the most dimwitted and demented.

The “pneumonia” story will be used to excuse her hacking fits. It will also be used to get her out of the debates, during which she would be completely destroyed by Trump, particularly if she were not wearing her “earpiece” and getting talking points delivered to her by Abedin, who would simply be relaying the Deep State messages being conveyed to her, en route to Clinton. If Clinton has to go up against Trump in an honest debate, with no earpiece, she will be pulverized on her political record, avarice, physical and mental lack of fitness, and Foundation criminality. The Deep State will not allow tens of millions to watch that happen.

Clinton’s “health tragedy” (the “tragic event” of her health preventing her from becoming the first woman president, blah, blah, blah) will be gradually paid out to the populace over the next few weeks, and will be designed to induce the maximum amount of sympathy for her. The Deep State will keep her in the game for as long as possible, as they hope against hope that Trump screws up, or that perhaps something happens to him. If Trump’s numbers remain strong or increase, then they will pull her out of the game.

This will cause an election crisis. The election will be postponed.

Obama will pull the equivalent of a “pre-crime” maneuver, by extending Clinton and the Foundation “pre-pardons.” In other words, he will issue a Presidential Pardon for crimes the Clintons have not yet been charged with or convicted of, even though they would almost certainly face such charges and be convicted of them were the election to go against Clinton and were Justice permitted to function. A “pre-pardon” would be a first, but it would be absolutely no different from the unprecedented, dictatorial Executive Orders emanating from the White House over the past many years. The Supreme Court could render its verdict 20 years or so from now, after both of them are dead. The money, by then, would be long gone from view, and supporting Chelsea’s royal lifestyle of the Rich and Famous.

The government needs to shut down the Clinton investigations as soon as it can, because the high tide of Clinton criminality washes into every orifice of Washington, D.C. and Wall Street. The Deep State is never in 1,000 years going to allow Christie to formally investigate such endemic, monumentally profitable State corruption.

The motive for the Deep State to postpone the election until it can re-group its wounded forces is simple: Looting. The Deep State is looting one trillion dollars ($1,000,000,000,000.00) per year from the U.S. economy per year, at an absolute minimum. The true amount is almost certainly equivalent to the GAAP-based national annual deficits, which are running at roughly five trillions dollars ($5,000,000,000,000.00) per year. The $6.5 trillion ($6,500,000,000,000.00) missing from the Army, as admitted by the government, is a drop in the bucket compared to the actual amount that has been stolen from the nation, and the people. It should be no wonder to anyone why the Middle Class has been destroyed; it has been looted into oblivion.

These looting amounts do not include the Insider Trading looting that occurs in the financial markets every single day, facilitated by domestic and international information flows from connected insiders to complicit, profit-sharing traders who operate in total obscurity, privacy and immunity, and who annually book hundreds of billions of dollars in profits at a minimum. Inside Traders can book $25 billion in profits in 30 seconds on advance interest rate change information, and those opportunities happen dozens of times per year, as one simple illustration. There are thousands of similar opportunities in any given year.

The Deep State seeks to keep the Perpetual Fountain of Money gushing epic amounts of lucre into its pockets for as long as possible, because the profits from the Perpetual Fountain of Money are far beyond a mere Fairy Tale, they are a Living Dream Come True. The Deep State is not going to allow anyone or anything to turn off its Perpetual Fountain of Money, particularly not Trump.

The postponement of the election will most likely extend for at least one year, during which new events will cause a extensions of the postponement.

Revelation of the postponement of the November election could be one Black Swan that creates a dollar crisis. This might be why certain members of the Federal Reserve are now pushing for a rate hike in September, even though current U.S. economic circumstances make that idea absurd. It is probable that the Deep State realizes its machinations could create extreme, unpredictable and uncontrollable Forex volatility, and that they are attempting to pre-emptively head this off, or at least, ameliorate it.

The coming days will provide additional puzzle pieces for insertion into the mosaic, but needless to say, as a nation, we are in the most dangerous situation we have experienced during the past 50 years, at least. If people are not making serious preparations right now, they might come to regret it.

Regards, Stewart

About Stewart Dougherty:    I am a Harvard MBA, and Inferential Analytics leverages quantitative and qualitative techniques that I learned both in my education, and during a 30+ year business career. I am semi-retired, but have never worked harder in my life. About six years ago, I wrote several articles that were picked up by 24hgold, MarketOracle, Lew Rockwell, Goldseek and numerous other Internet publishers followed even by some magazines.