Desperation is setting in. The blatant attacks on gold are occurring almost exclusively during the Comex floor-trading hours now. Every night gold pushes higher as Asia’s appetite is seemingly voracious. The two most systemically dangerous banks right now, it was revealed according to the IMF, are JP Morgan and Citibank. I’m sure part of the smash is in response to that. All this action between gold and the dollar means is that the counter-force reaction to what the Fed is doing is going to be even more forceful. They already can’t control the dollar and the strong dollar is going to decimate Q4 revenues and earnings. Give it 6 months and I bet they start talking about the need to print more money. Gold will sniff that out well ahead of time.
Stewart Dougherty has provided another guest post for IRD. I think this is his best commentary yet.
The people hold in their hands the key that can unlock the door to financial independence and steadily increasing wealth, but they do not realize it. An obvious truth, being clear, is the hardest thing for people to see. They look right through it, as though it were not there, even though it is. Once they do see a truth, they never overlook it again. It becomes an invaluable fixture of their thinking.
Like the adult elephant taught from youth that the light chain around its leg cannot be broken, the people believe that the strangulating government currency chain around their necks is unbreakable. The fact is that if the grown elephant pressures the chain, it will snap, setting him free. The people, too, have the power to break the currency chain that chokes them and reclaim their financial freedom from the plunderers who have usurped it, if only they would study, understand and act.
The key to which we refer is private money, the most important forms of which are physical gold and silver. Cash is another, albeit greatly inferior form, in that currencies (not technically money) are controlled by their issuers. Global Deep State efforts to restrict or even eliminate the people’s ability to possess private money are now rampant, and running into resistance. Denied the ability to possess private money in the form and quantity they desire, the people will be deprived of financial freedom, and in the end, given that freedom is indivisible, any freedom at all.
Given the oligarchs’ clear, unmistakable intention to deprive the citizens of financial freedom, the people now have not just a financial, but a moral obligation to redenominate a portion of their liquid assets into private money. The people need to tell the Oligarchy in clear terms that they have gone too far, and will not be going any farther.
There are 7,000,000,000,000 people on this earth. There are fewer than 5,300,000,000 troy ounces of gold. If every person were allotted an equal share, each could possess 0.76 troy ounces of gold. In that gold can only be mined, and not printed by Deep State oligarchs, this sum is projected to remain consistent going forward, and may even shrink if mining cannot keep up with population growth.
The actual ownership of gold is vastly skewed. Fewer than one billion troy ounces of physical gold worldwide are thought to be potentially available to the market, in current circumstances. This is not gold actually offered at this time, but that could be offered to the market if the selling climate were opportune and owners decided to sell. The other 4,300,000,000 ounces are believed to be immobile, at least for now, and include government reserves, non-trading private reserves, and forms of jewelry that are highly unlikely to be sold unless people’s personal or financial circumstances significantly change. People do not sell their wedding rings or other jewelry having deep sentimental value unless there is a pressing reason to do so.
This means that there are perhaps 1,000,000,000 ounces of gold available to 7,000,000,000 people. Put another way, 1,000,000,000 ounces are available to what is estimated to be well more than $200,000,000,000,000.00 in net private wealth. Which translates into 0.143 available ounces per person; and total available gold amounting to only 0.65% of total global private wealth, at a price of $1,300 per ounce. If a low single-digit percentage of the people or the private wealth decided to mobilize into gold, where would the gold come from? The answer is: from radically higher prices, because that is the only place it can come from. We wonder, what is it about these numbers that the people cannot see? The conclusion is: the obvious, which is the hardest thing for them to see. Gold is so rare, and demand for it so potentially overwhelming that it is literally ridiculous it sells at today’s price. Yes, the “Great Oz” of price manipulation and corruption continues to hold sway for now, but Toto is sniffing him out and zeroing in. He is going to find the curtain and pull it back, and then all hell is going to break loose, because the current price of gold is a colossal fraud and lie. An historic price reset is inevitable.
At its core, gold’s price is not a Deep State oligarchy manipulation problem, even though we know for a fact that the oligarchs totally dominate and rig the precious metals market to manufacture fraudulent profits for themselves while advancing a corrupt, statist narrative to assist their government puppets.
Gold’s absurd price is, in fact, a marketing problem. The gold mining industry has been singularly incompetent when it comes to marketing its precious product. The gold industry has not produced one original marketing idea in 250 years, and gold’s current price proves it. Once people’s eyes are opened to gold’s unparalleled virtues as private, personal money, everything is going to change, most notably, its price, which is going to surge out of fundamental necessity.
Brexit and the Trump victory reflect a rising populist tide in the west. The people are saying that they want to take back their countries and their lives. We believe that the same type of popular anger and dissatisfaction that has produced the sharp and ongoing political reset in the west is likely to erupt next in the field of currency and money. The populist movement was fomented in the first place by people who had become disgusted by constant financial regression and the real prospect of and trajectory toward eventual impoverishment. Their sentiments have set the stage for a populist monetary revolution. A determined segment of the people, those who still have liquid assets, is going to figure out that now is an excellent time for them to take back their money. They are going to say it’s time to “drain the monetary swamp” of its Wall Street swindlers and central bank fakers, escape the financial tyranny of zero interest rates, and return to ancient money that is rare, possesses intrinsic value, is beautiful and is virtually certain to appreciate.
For the oligarchs, it is one thing if the people want to take back their countries; it is an entirely different, and totally unacceptable thing if they want to take back their money. The control of national currencies, money supplies and interest rates has been the Deep State oligarchs’ secret preserve and heavily protected “No Go” zone for decades. Their domination of this preserve has enabled them to mint phenomenal amounts of, guaranteed, risk-free profits; profits not measured in the millions or billions, but in the trillions of dollars. To the oligarchs, monetary populism means war. Which now rages, even though most people don’t yet know it.
To combat monetary populism, the oligarchs have launched a War on Private Savings. To put the monetary genie back in the bottle, they need to herd the people’s liquid funds into institutions they control. Now that they can clearly see the whites of the people’s eyes, as the populist sentiment spreads into finance, they have put their actions into overdrive. They need to defeat monetary populism before it becomes a “movement,” which it has every potential of doing.
The War on Private Savings is the largest conflict ever declared in the history of mankind. It is different from all other wars because: it is being fought against humanity, not a national or political enemy; it is global; it is being waged with trickeries, lies, schemes, propaganda, prohibitions and demonetizations, not military weapons; it is synchronized; it targets personal, after-tax savings, not a country’s natural resources, geography, government or political leaders; it has been declared by a non-elected Oligarchy; it is about contempt for freedom; and its ultimate objective is about one thing and one thing only: the conquest of other people’s money.
The War on Private Savings, while massive in itself, is actually part of a larger conflict, the War on Human Freedom. While human freedom has been under attack in various ways since the dawn of mankind, it has never faced such a concerted, coordinated, massively well-funded attack as the one now declared against it by the Deep State oligarchs. If the initiators of the War on Private Savings win, the real casualty will be human freedom, because there can be no human freedom if there is no financial liberty. The stakes of this war for the people are impossible to overstate.
India has been turned into a 1.3 billion person human laboratory for the advanced research, development and testing of the weapons to be used in the full-scale, global War on Private Savings. The weapons that prove successful in India will then be used on other people in other nations throughout the world. What happens in India is a global prologue of what is yet to come.
The term “War on Cash” is a deliberately misleading misnomer. It is merely one act in a much more sweeping drama. There is no war on cash; there is an attack on cash. The attack on cash is just one of the many battles within the much larger War on Private Savings. We can now observe a rapidly intensifying, synchronized, global effort to demonize, control and eliminate cash in Australia; Europe, especially the Nordic countries; the United States; India; and virtually everywhere in between. The War on Private Savings is strategic; cash controls are tactical. The oligarchs want you to focus on the tactic, not the full strategy. You don’t want to fall for that.
In addition to the attack on cash, other tactics currently being used in and planned for the War on Private Savings include: 1) Low and negative interest rates that are less than the rate of inflation and therefore rob savers; 2) Civil asset forfeitures; 3) The explosion of government regulations accompanied by confiscatory fines; 4) Across the board tax increases; 5) The creation of entirely new tax categories (e.g., Obamacare; carbon taxes) that pile onto but never streamline or reduce existing tax structures; 6) The intense manipulation of precious metals prices, resulting in artificially low prices that lessen savings; 7) Endemic corruption resulting in increased consumer costs and national debt that must be borne by the people (e.g., Medicare; Medicaid; Military (for example, the $6 Trillion in unaccounted-for Army spending, alone, all of which is now constitutes additional national debt); 8) Massive, structural government deficits that heap even more non-repayable debt upon the people; 8) Open borders, which spike the cost and deficits of government, which are similarly borne by the people and nationally impoverishing; 9) Deliberately engineered inflation that devalues national currencies and savings; 10) Outright demonetizations and forced conversions of currencies, with massive attendant costs, a new weapon that has been rolled out in India; to name just a few examples of the existing and emerging weapons being used against the people in the War on Private Savings.
To sum up the situation, we believe that: 1) Populism is spreading into the Forbidden Zone of currency and money; 2) To prevent Monetary Populism from becoming a “movement” that they cannot contain, the Deep State Oligarchs have declared a War on Private Savings, as part of a larger conflict, a War on Human Liberty; 3) Precious metals, particularly gold, are an extraordinarily powerful weapon in the hands of the people, and one that can defeat the Oligarchs’ oppressive, anti-humanitarian campaign, but only if the people take up the weapon en masse, and soon; 4) The Deep State oligarchs are fully aware of the threat posed to them by the weapon of private money wielded by the people, which is why they are attacking; 5) If, through simple messaging, the people’s eyes are opened to the unique capability of precious metals to restore to them the financial stability, freedom and dignity that are rightfully theirs, no less than their other constitutionally guaranteed rights, they will embrace this obvious solution in large numbers, ensuring their victory. In the process, monetary populism will be transformed from a sentiment into a powerful, invincible movement.
In our next article, we will discuss the simple ways by which the managements of publicly traded precious metals mining companies can ignite demand for and price escalation of their product, as is required by their fiduciary obligation to shareholders.
November 22, 2106
Stewart Dougherty is the developer of a principles-based forecasting methodology named Inferential Analytics. The unique IA model assesses monetary, fiscal, financial, market, social, political, empirical and anecdotal factors to get a glimpse of tomorrow, today. He has 35 years’ worth of management, corporate strategy and business development achievement. He is a graduate of Tufts University (MA) and Harvard Business School (MBA).
Thank you Stewart for the added confirmation. Some of the people
that read Dave’s blog have been acquiring metal for years and like
myself continue to do so. Mostly for the reasons that you stated in
your article. I have a couple of concerns. One, when all this re pricing
of metals occurs how will business actually transact using silver and
or gold. The second concern is with an obvious have and have not
situation. How to transact your business without drawing attention.
Would it be better to hold gold offshore or do the uncertainties of
leaving the U.S. to retrieve your gold make that a too risky proposition?
Thank you for your contribution and guidance.
Maybe a simple question that others here already know, but who exactly are the “deep state oligarchs?” I’ve always found it helps to know ones enemies.
Good Evening, James: Thanks for your questions, which are deep. I wish I knew the answers, but the fact is that we, humanity, are flying completely blind at this point because we have never before been attacked by the kind of concentrated evil that attacks us today. But here are some thoughts that come to mind, in response to your questions. I think that when this House of Fraud burns to the ground, things will go local in a big way, out of necessity. The distribution system that we completely take for granted cannot handle a breakdown in credit, and trust. The purchase of food; the protection of one’s neighborhood and family; the majority of transactions: they will be local. So it is going to be very important to have a local network; people you trust, and who trust you. I am fortunate to live in a quasi-rural area, surrounded by deeply rural territory. The local network here is already quite strong. This will favor person-to-person transactions; those of us within trusted networks will feel safe exchanging money and goods. No matter where one lives (urban … and if so, I would get a sanctuary place right away, because there is no way I can see urban areas being safe or stable … suburban (ditto) … quasi-rural or rural), I think having a trusted network of people who can help one handle one’s basic needs is absolutely critical. It doesn’t need to be huge, it just needs to check the boxes. Regarding location, that is a really, really tough question. There are so many reasons to be “out of the matrix” (here) that I couldn’t begin to list them all. At the same time, I think travel could become a genuine problem. And then think of transaction logistics once you get there. Does one have a bank account? No? Then how does one sell? Please look up what UBS just did in CH. Closing the window. I cannot begin to tell you how important this is, from a forecasting specialist’s (me) standpoint. Maybe someday we likemindeds (kind of like deplorables) can have an offsite to go into some these matters in greater detail. My sense is that the important thing now is to circle one’s wagons, locally. As to the composition of the Deep State … I don’t know your politics and don’t want to, and this is not a political statement, just a factual one: the answer to your question is this: Every major entity (and their associated leaders and spokespersons) that put big money behind HRC (from the MSM to Wall Street to Apple, etc.) … that is the Deep State Oligarchy, and those are the people and entities you should no longer patronize, not with even one penny of your hard-earned, after tax money. In my opinion, anyone who still subscribes to the NYT ought to see a therapist, because they are addicted to Lies. People need to shut down these arrogant, corrupt frauds, by withdrawing their financial “consent.” Hope this helps, at least a little. Best regards, Stewart
“Give me control of a nations money supply and I don’t care who make the laws”. It’s really that simple, control the money = control the government = control the people. Put it all together and you can control the world. Dave, I know you have mentioned you aren’t the religious type, but I believe if you put the banking, corporate, government complex together you have the biblical beast! A beast whose intention is to enslave humanity and deny the individual their identity.
Squirrel Master: Great comment and right on the money. We now know exactly what we’re up against. If we let them conquer us, we have only ourselves to blame. There are far more of us than there are of them. If we get serious, they’re done. Regards, Stewart
There is only one problem we must remember – future confiscation and making trading illegal. They will do anything to win , because they are crooks.
Maybe we should talk more about it , than making useless predictions. We have got the chaos , nothing less.
Hi Mark: Please believe me, I feel your irritation, and skepticism. Days like today, building on 5 straight years of unbelievable price corruption and fraud, are infuriating. My forecasting model shows a 100% probability that they will go for prohibition. 100%. There’s no question about it, they are going to try to do it. But the model also shows an 85% probability it will blow up in their faces. Why? Because when they try to do it, they will have lost 100% of any remaining credibility they might have had before they issue the edict. (They have already lost virtually all credibility, but they will lose anything that’s left of it.) They will just be swinging wildly, like a drunken fighter. The question we all need to ask is this (and I’m certainly not saying I have the answers, because we are in the equivalent of outer space at this point … where we are is unprecedented): let’s say things are so bad that they actually try to prohibit PMs. They try to blame PMs for everything: the collapsing economy, t’ism, border problems, inflation, currency collapse, whatever. It’s all PMs’ fault, and therefore, they must be prohibited. Sure, they’ll buy them from you, just as FDR did. Turn them in and they’ll give you fiat. Is that something people are going to do? Or is that kind of official desperation and dishonesty going to convince people it is the LAST thing they should do? To me, the last thing anyone who knows anything about anything is going to want is fiat, when and if disintegrating circumstances convince them to call in PMs. People need to pay very special attention to India. They need to get into the weeds, the details. All the people there want are PMs, because they know they are the only things that are real. Hang in there. The corruption is infuriating, I know. But it’s so blatant and out of control right now, it’s saying that the whole system is ripping itself apart. If there were any measure whatsoever of health, safety or stability in the system right now, the absolute last thing they would worry about is crushing PM prices. Why would it be necessary? (Yes, I know, they make a fortune from it, but it’s bigger than that at this point.) Just ask yourself: with all the fiscal and economic problems that exist right now, why are they TOTALLY obsessed about the price of gold, to the exclusion of all else? The answer is: it’s the only factor they can control, at least for now. All of the other factors and problems are way too big for them to manipulate. They can’t control the bond market (it’s too big, as we can plainly see; it has gotten away from them); they can’t control the economy (they are pipsqueaks in comparison). They can basically control the Dow (not the stock market) and PMs. Please understand, I’m not trying to persuade you about or to do anything. You know what you need to do. I am just telling you what I see. I am as infuriated and concerned as anyone. But there is no way on this earth that any of us need to submit to them. Don’t give up; we need you. Best regards, Stewart
Thanks for reply.
I ain’t giving up , no way .
I thought that would be good idea to talk about future confiscations , banning ownership, because it happened before and I am sure they going to do it again. The people have to understand it , because they going to be very shocked when it happens. In my opinion they can bullshit as long they can , but at the end collapse will come no matter what but for now they buying time, preparing themselves and stealing anything they can and changing the law so it’s better for them.
Wow. Great Read!! Thank you Stewart. Looking forward to your next article on Miners as well.
Thanks Andy Park. I really appreciate your message. The new article’s coming next week. After today, I’m fired up, like all the rest of us. This has become ridiculous. Best regards, Stewart
Great article ! Also enjoyed the conversation and comments here. We are living in some perilous times. Glad to be ” one of us ” . This price manipulation is frustrating but it can’t last forever. Here’s a little something for all of us here: http://didthesystemcollapse.com
Even though I’m negative in my mining share holdings this beat-down is a welcome sight, as I wanted to add more physical as funds became available. Wife is urging me to buy more every $50 move down in gold. Already at my limit in silver. Probably add more mining shares if PM paper prices decline through the December rate hike, should that happen.
The best article I have read on the importance & relevance of gold to protect our financial assets