

Articles
A Rigged Media And An Attempt To Rig The Election
We often criminalize behavior that is normal – Donna Brazile on ABC’s “This Week” in reference to Hillary Clinton giving access to the State Department in exchange for 6-figure donations to the Clinton Foundation.
Thank goodness for Wikileaks and the DNC and Podesta email dumps. There’s no question that the mainstream media is colluding with the Clinton Campaign to tip the election in HRC’s favor. For Obama to accuse Trump of “whining” about it is absurd. But, then again, Obama’s speech last week sounded like something out of “1984” or Goebbels’s Nazi Party Propaganda playbook. Moreover, Obama’s silence is defeaning with regard to HRC’s overt corruption and criminality per the Podesta emails.
As for whether or not the media is rigged, follow the money. According to analysis from the Center For Public Integrity, 430 people who work in journalism have donated almost $400,000 in total to both Presidential candidates. HOWEVER, these 430 journalists have given approximately $375,000 to HRC and roughly $15,000 to Trump. In other words, journalists have given 25x more money to HRC than to Trump. Quite frankly, journalists should be forbidden from contributing to any political campaign – as should Federal Reserve officials, who are also throwing wads of money at HRC.
An analyst at the Center for Public Integrity wrote: Conventional journalistic wisdom holds that reporters and editors are referees on politics’ playing field — bastions of neutrality who mustn’t root for Team Red or Team Blue, either in word or deed, David Levinthal LINK.
If you doubt that the media is trying to rig the election for Hillary, we can look at the invaluable Podesta email dump by Wikileaks, again which is being largely ignored by the mainstream media. Donna Brazile, then-CNN contributor and now Hillary’s front-man consigliere at the DNC, is caught red-handed feeding Hillary questions in advance of a Townhall debate with Bernie Sanders – Podesta emails. That link shows a copy of an email from Brazile to Podesta – HRC’s disgraced campaign Chairma – in which Brazile tips Podesta about a question on the death penalty in reference to which Brazile expressed “worry.”
If you don’t believe there’s a strong possibility that Brazile in her capacity a DNC Chairman had access to questions ahead of the Trump/Clinton debates and took full advantage of that, then you also believe there’s strong possibility that Santa Claus exists. I guess Donna Brazile in a way is Hillary’s Santa Clause…
But then again, being from the bayou area of Louisiana – an area well-known for its corrupted politics, bootlegging and mobster activity, this is just standard operating procedure for Brazile.
Make no mistake, I do not in anyway support Trump’s candidacy. The choice given to Americans for their next President is utterly tragic. The blame falls squarely on the media. I don’t know how a media which was held to the highest standards of ethics and integrity would have prevented Trump from being the Republican candidate, but truthful, unbiased reporting would have no doubt prevented Hillary from candidacy for public office at any level of Government.
As for Bernie Sanders, thank god he’s not the Democratic candidate. Hillary Clinton urinated and defecated all over him and his primary campaign. And his response has been to say, “thank you may I have some more of that” by endorsing and campaigning for her. I don’t know what is more pathetic, HRC’s actions or Sanders’ response.
The overarching tragedy in this whole ordeal is that a free press has been lost forever. Bill Clinton’s enactment into law of the Telecommunications Act of 1996 was the final death knell for the concept of free press. That legislation further enabled the cross-breeding of radio, cable, broadcasting and newspapers. In 1983 50 corporations controlled the vast majority of all news media in the U.S. By 2000 that number had fallen to six. Now it’s five: Time Warner, Disney, News Corp, Bertelsmann (Germany, believe it or not). General Electric’s NBC is a close 6th. Other than News Corp, the mainstream media outlets of all six of those corporate conglomerates heavily endorse HRC’s campaign.
The fate of the media and of this 2016 Presidential campaign is the fault of all Americans. We only have ourselves to blame for the two atrocities being labelled “Presidential Candidates.” We do not hold the press accountable for its actions anymore than we hold elected officials accountable.
At least the alternative media – largely the blogosphere – makes an attempt to elevate the truth. Of course, the mainstream media has successfully smeared the alternative media reporting and commentary as “conspiracy theory.” And if Obama has his way as expressed in his “truthiness” speech at Carnegie Mellon last week, the alternative media will soon be heavily, if not completely, censored out of existence.
A Rigged Media Is The Death Of Democracy
A press that is free to investigate and criticize the government is absolutely essential in a nation that practices self-government and is therefore dependent on an educated and enlightened citizenry. – Thomas Jefferson
The control of the mainstream media by the wealthy elitist Establishment is nothing new. If Watergate served any purpose, it was to send a message to those who wanted to take complete control of the political and economic system that control of the mainstream media was imperative.
The use of propaganda to shape public perception is as old as civilization. Religion is the paramount example. But the extreme bias in the mainstream media – especially CNN, Fox News, MSNC, New York Times and Washington Post – has become so blatant that even the hoi polloi is taking notice.
It’s become impossible to ignore all of the evidence pointing at Hillary Clinton’s overt, unabashed criminal activities. Those who continue to support her choose to ignore the evidence and blame the information on Putin or on “conspiracy theorists.” The fact that CNN refuses to report anything that runs contrary to the party line supporting the HRC narrative reinforces the “conspiracy theory” storyline.
It’s easier to swallow lies because recognizing truth would destroy the myths about America that were pounded into our brains starting in kindergarten. Surely humans can’t be as evil as the tinfoil hats would have us believe…
In today’s Shadow of Truth episode, we discuss the attempt to rig the election in favor of HRC. Hillary managed to use control of the media to defeat Bernie Sanders. We also discuss our predictions for gold and silver:
Crony Communism: Hillary Clinton’s Game Plan For America
“The goal of socialism is communism.” Vladimir Lenin
Inferential Analytics (IA), the forecasting method we have created and use, has generated a new theme. IA themes define significant macro developments that are in progress. IA themes almost always become full-blown realities in time. This is our first article about the new theme, which is particularly threatening and disturbing.
If this theme develops as the IA model projects, the resulting new reality will have a profound effect on every United States citizen living either within or outside the country. (U.S. citizens are taxed no matter where in the world they reside.) These taxpayers will certainly want to have a look at TurboTax promo codes before starting the tax paying process. Unfortunately, American citizens won’t get away from the tax system that easily. They still have to pay taxes if they live overseas. When filing taxes, it’s important to include all expenses. By keeping a digital record of all expenses, Americans can reduce their chances of being audited. By using FileCenter’s software (see here), businesses and indviduals can ensure they aren’t forgetting any receipts that they may have lost. As it’s all digital, it will be difficult to lose these receipts. This means taxpayers can pay the correct amount, regardless of where they are currently located. While the entire American experience will be re-shaped by this new reality, citizens’ financial freedom, and therefore their overall liberty is particularly at risk. This theme extends beyond the United States, especially to Europe, but in this article we will focus on the U.S. situation.
Before introducing and detailing the new theme, here is some context.
Until now, the United States has been able to fund its massive, structural deficits and debts by leveraging its unique position as issuer of the world’s reserve currency, the dollar, frequently referred to as the petrodollar. The dollar’s reserve privilege has enabled the nation to artificially enhance America’s financial quality of life by creating out of nothing colossal quantities of the currency. By perpetuating a system that forces other nations to use the dollar, strong, unnatural demand has kept the currency from imploding in value despite its hyper-creation.
Among other things, this currency privilege has hidden rapidly escalating corruption within the American financial and economic system. The costs of this corruption have been funded by chronic deficits and surging debt; in other words, by excess currency creation, or money printing. If the costs of this corruption had, instead, been forced to be paid from the existing, and not an inflated money stock, the economy would have collapsed by now from the leeching of the lifeblood of any truly capitalistic system: namely, capital.
As the techniques of monetary debasement, deceit and plunder have become more sophisticated, reckless and brazen, the looting of the American economy has expanded to an epic degree. For example, we now know for a fact that the United States Army alone (not the military, just the Army), cannot account for $6,500,000,000,000.00 ($6.5 trillion) of the money it has spent. Despite the astronomical amount of this missing money, it is a drop in the bucket compared to the total number of trillions that have been plundered from the nation by establishment corruption.
In the mid-1990s, when the escalating corruption within the Wall Street-centered global monetary and financial system had become so obvious that the Establishment eleech (our term for the “elite,” a word we no longer use because it does not describe their now totally parasitic nature) could no longer deny it with a straight face, a new term to describe the system was concocted: Crony Capitalism.
The term Crony Capitalism was meant to imply that the system remained capitalistic, even though a bit of cronyism had crept into it around the edges. Further, the term implied that it is natural for a certain amount of cronyism to accompany any capitalistic system, and that people should not be concerned about it, as it is a normal and expected development.
This was blatant propaganda and a lie. The term Crony Capitalism is a fundamental contradiction in terms, and a fallacy. It is like saying, “healthy corpse,” “honest thief,” “trustworthy liar,” or “loyal snitch.” Cronyism pollutes and destroys capitalism. They are natural enemies and polar opposites, and they cannot legitimately or naturally co-exist.
Through constant repetition, which is how lies are dressed up to appear true, the term crony capitalism took hold, and became the descriptor for what we were expected to believe was a slightly imperfect, but still fundamenally healthy and vibrant form of capitalism. This falsehood was believed, until now.
Today, people in nations around the world have figured out that the United States is deep within a debt vortex from which it can never escape; that its structural deficits are uncontainable unless the system flat-out collapses; that the dollar is a massive figment of the imagination, supported only by an ephemeral confidence completely disjointed from any logical justification for it; and that the nation’s socio-political reality is fractured, dysfunctional and irreversibly disintegrating at an accelerating rate.
Therefore, these international players are increasingly unwilling to play the dollar game, and are progressively withdrawing from the field. While the U.S. government and Crony Class are doing everything possible to keep the game alive, it is now obvious that they are failing.
With the United States approaching a time when it can no longer fund its structurally and systemically defective financial, monetary, economic, fiscal and socio-political contraptions with a combination of currency counterfeiting and the subtle extraction of wealth from the rest of the world, it is being left with only one means by which to perpetuate itself: plundering the private wealth of its own citizens.
This is the theme that has been identified by Inferential Analytics. We have named it: “Crony Communism.”
Crony Communism takes the absolute worst aspects of every former, parasitic national operating system that has existed in history, including socialism, communism, colonialism, tribalism, totalitarianism and statism and blends them into a new, malevolent, deceitful, destructive, deadening, militaristic, hyper-corrupt, soulless, and thoroughly evil form of human command and control. Its total financial and human cost will be unprecedented, if it plays out as the IA signals indicate it most likely will.
Crony communism is the actual “fundamental transformation,” or better termed “fundamental destruction” of the United States of America that Obama promised in 2008. The people should have listened to him more carefully when he said that, because he wasn’t kidding around.
Many have believed that communism will never happen in the United States, because it would hurt the Crony Class the worst, given that they possess the most money. What the people repeatedly fail to comprehend is that communism is intended for and inflicted upon them, but never upon the Crony eleech. History proves that the eleech live like royalty in communist regimes. Two of the most glaring examples are North Korea and Venezuela, but the phenomenon has been identical in every single communist system that has been implemented to date.
One notable example of this reality is Maria Gabriela Chavez, the 35 year old daughter of deceased Venezuelan president Hugo Chavez, who has never held a real job in her life, yet who happens to be the country’s richest person with a net worth of $4.2 billion. This phenomenal wealth is thanks to the plunder her so-called communist father schemed for her to receive. As the Venezuelan people eat family pets to survive and starve in the streets, Maria Gabriela lifts not a finger to lessen their anguish, despite possessing a fortune that she could not possibly spend in two dozen lifetimes.
This illustrates the sheer hypocrisy of communist organizers: while they force wealth redistribution upon the citizens, they refuse to contribute one penny of their own wealth to anyone, let alone to the general welfare of their society. Communist organizers and their Crony Class brethren are not just greedy, they are cheap. Maria Gabriela’s pathological greed is shared by every single communist organizer we have researched, from Kim Jong Un to the Castros to the living, phony, self-righteous, well-known communist frauds in the United States.
The establishment’s vast wealth will never be subjected to communist expropriation. It will be stashed in various “Foundations,” which would be much better termed “Fraudations,” or “Slushfundations,” where it will be fully exempt from all forms of taxation and fees. Communist impoverishment will be for us, the people, not them, the establishment. Only the well-connected Crony eleech will be provided the necessary licenses to establish fraudations and thereby escape taxation and expropriation. The Clinton Slushfundation comes to mind, as a leading indicator of this sub-theme.
While it is not possible in this brief overview for us to outline in detail each of the building blocks that, combined, will result in the imposition of Crony Communism upon the nation and its people, we can provide a glimpse of some of the more important tactics that will be used. These factors are not theory; they are reality. Each and every one of these tactics is already in play at this time.
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The notion of “After Tax Savings” will be destroyed. It will be said that only criminals or greedy, selfish, anti-social hoarders save money. Savers will be villified for hurting their fellow citizens and “the economy” by not spending. All income net of taxes will be forced to be spent, to prop up a phony economy structured to enrich the Crony eleech. Any legacy money existing when people die will be forfeited to the state via confiscatory death taxes such as those outlined, as a first step, in Clinton’s campaign platform. Zero and negative interest rates will ensure that savings are expropriated by banking institutions controlling those funds, and by inflation, which is guaranteed to significantly escalate. (See Venezuela.)
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The “cost structure of life” will be increased to make it impossible for people to save, get ahead or become independent of the state. This cost structure will include ever-increasing taxes; health insurance premiums; insurance deductibles; medical costs; licensing, registration, inspection and reporting fees; surcharges; arbitrary fines; food costs; energy costs; currency devaluation- and inflation-related costs; and virtually every other category of expense related to simply surviving in the crony communist society. As people become impoverished and can no longer afford these costs, they will receive subsidies while those who are not yet impoverished will continue to be charged the full boat until they, too, require subsidies as they disappear into the financial morass. (See Obamacare.)
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Citizens will be required to file not just income tax returns, but personal asset returns detailing every financial asset and physical possession they own. A financial dossier will exist on every citizen, making it easy for the state to pinpoint and expropriate whatever wealth it wants. Executive Orders will be in place allowing the government to seize any and all assets on any pretext it creates, such as ambiguously defined “emergency situations.” Please note: such Executive Orders already exist, just like everything else in this list.
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Cash will be eliminated so that any money still possessed by citizens is electronic, non-withdrawable, controlled and available for seizure. This objective has been publicly announced and is on a fast-track development path right now.
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Entirely new taxes, fees and fines will be imposed upon individuals and businesses. These charges will be said to promote “fairness,” “equality,” “togetherness,” and similar high-sounding but totally phony terms, and will be named such things as “Climate Improvement Contribution,” “Wage Harmonization Donation,” “Refugee Resettlement Offering,” and “Financial Equalization Gratuity.” Once one brand new tax category has been fully implemented, a new one will be introduced, in a never-ending cycle that will only stop when all the people’s money has been stolen and nothing is left to loot.
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Wealth taxes will be imposed on all who possess assets net of the tax and fee dragnet, an idea that has been formally introduced by the IMF. Please note that IMF employees do not pay income taxes on their lavish, taxpayer-funded salaries; they are exempt, which is a perfect illustration of our fundamental point that taxes and fees will be meant for the people, and not the establishment eleech.
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Mass immigration will be used to destroy the nation’s identity, skew elections and reduce resistance to the overthrow of the nation’s institutions, values and traditions. It will also be used as an excuse to create an entirely new set of taxes and fees, to pay the exorbitant costs of providing food, housing, medical care, transportation and other resettlement and living costs of immigrants and “refugees.” Currently, 70% of the American population has less than $1,000 in savings. The communist organizers never explain who is supposed to pay the costs of bringing millions of immigrants into the country, because they have no answer and don’t care; their agenda is domestic regime change. The United States is already bankrupt, so “what difference, at this point, does it make?” They will simply counterfeit more currency, even if it means hyperinflation, an event they will sidestep via indexation clauses that will benefit them, but not the people.
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Guns will be banned, which has happened in every single communist and totalitarian regime throughout history. Gun possession by government agents, members of the eleech, and mercenaries protecting the eleech will be legal and authorized. See Venezuela. Now might be a good time to stock up on what guns and ammo you can before it is banned. I suggest you read more about how to build a stockpile that can help protect you and your family.
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The Alternative Media will be shut down, and replaced by State Media which will become the monopoly provider of “news” and “information.” This explains why the MSM is currently licking the establishment’s boots and pushing its agenda with media bias so extreme it is actually laughable and absurd. They realize there is a huge payday for them as State Media monopolists under Crony Communism. Again, state control of the media is a consistent theme in all communist regimes.
For IA to signal a theme, literally hundreds of datapoints must converge upon a common story. While the above list contains just a small number of factors, it is indicative of how this new theme has developed.
The objective behind the vast array of taxes, surcharges, regulatory and licensing fees, inspection fees, fines and the like will be to transfer the maximum possible amount of private assets from the citizens to those in charge of the Crony Communist regime. As the people are systematically stripped of their assets and impoverished, they will become increasingly and ultimately totally dependent upon the state for their existence. This, of course, is the point.
Accompanying the full-blown overthrow of the nation by the for-profit (for them) Crony Communist regime will be an endless litany of slogans, many of which have already been used to brainwash and confuse the people. Examples abound, such as, “Change We can Believe In,” “Owning the Future,” “One American Family,” Stronger Together,” “Forward,” “Hope and Change,” and the like. Soon, we will be hearing new ones such as, “Service over Selfishness,” “Don’t Get: Give,” “Talent Must be Shared with All,” all of them deriving from the famous communist mantra, “From Each According to His Ability, to Each According to his Needs.” Slogans have been a cornerstone of communist overthrows throughout history.
Every single element of Crony Communism outlined above is either already in place to a certain degree, or has been officially proposed and recommended by the government and/or the Crony Class mouthpieces and shills. The only thing that has not happened, yet, is for all of these elements to be pulled together into one, interconnected system of Crony Communism. It is the amalgamation of the individual elements that is now demonstrably underway, and this is the critical change that has been detected by the Inferential Analytics model. This change vastly accelerates the imposition of Crony Communism upon the nation, and makes all the difference.
Inferential Analytics is a descriptive, predictive and prescriptive forecasting method. Typically, we omit the prescriptive aspect in our reports, because we view people as intelligent beings who are best able to plan for their own futures once they have been given a good idea about what is heading toward them.
However, in this case, we are going to depart from convention and issue a prescriptive statement. We are doing this because Crony Communism represents such a radical, sweeping and dangerous departure from everything the American people know and value that many might simply be incapable of believing it can happen here, internalizing what it will mean to them personally, and taking the necessary steps to protect themselves from its onslaught.
As we await further information (the outcome of the 2016 elections will have enormous implications for the Crony Communism theme), two prescriptions for readers are these: First, politically speaking, if you support any long-term, professional politicians, you are voting for Crony Communism, because those people have everything to gain from it, and are working to make it happen. Second, financially speaking, you need to slam on the brakes right now and get your houses in order. This means that all expenses not absolutely necessary should immediately be eliminated. You need to generate and protect precious financial resources however possible, because they will be necessary to fund your escape from Crony Communism, should it go full-blown. We can assure decent, principled, moral, productive, tax-paying, everyday American people that you will not want to live for one minute under Crony Communism, nor will you want your loved ones to live under it, either.
We regret feeling obligated to delineate the Crony Communism theme, and pray that the IA forecast is wrong. Given the accuracy of the IA method, which has been successfully back-tested for many years, we believe it would be wrong of us not to speak out publicly at this time, because this theme has a very high probability of coming true unless the people rise up to stop it.
Stewart Dougherty
October 13, 2016
Stewart Dougherty is the creator of Inferential Analytics, a forecasting method that applies to events proprietary, time-tested principles of human instinct, desire and action. In his view, forecasting methods not fundamentally based upon principles of human action are unlikely to be reliable over time. He is a graduate of Tufts University (BA) and Harvard Business School (MBA), and has developed IA over a period of 15+ years.
The Big Retail Sales Lie
There’s a direct correlation between the scale and quantity of lies coming from Hillary Clinton and the Government. Why? It’s election season, of course. It’s easy enough to dismiss Hillary’s plea for debate viewers to go to her campaign website to see “fact” checking. We know how easy it is for her to hide the truth when she has assistance from the State Department, FBI and Obama. If you believe Hillary Clinton, you also believe in the Easter Bunny.
But it’s also easy to fact check the Census Bureau’s retail sales reports. Now, it’s easy enough to believe that the Government would manipulate the statistics in order to help the incumbent party maintain control the White House. But it’s also easy to fact-check the Census Bureau’s tabulations for monthly retail sales, notwithstanding the fact that the Census Bureau is caught producing fraudulent statistics on a regular basis.
Today, for instance, they released their “advance estimate” for retail sales for September. The Census Bureau would have us believe that retail sales increased .6% from August to September. But this was based on the Government’s politically expedient “seasonally adjusted” calculation.
Simple math disproves the validity of the “adjustments.” The report shows “not adjusted” total retail sales as estimated by the Census. August was $471.3 billion – or $15.2 billion per day. September was $445.4 billion – or $14.8 billion per day – down 2.6% from August to September on a per day basis . In retail sales terms, a 2.6% decline month to month is equivalent to a steep plunge. (click image to enlarge)
Theoretically, the seasonal “adjustment” offsets the day-count difference between August and September. But what about the 3-day Labor Day holiday weekend? This year Labor Day fell on September 5. Presumably that weekend should have compensated for any “seasonal”differences between August (back to school?) and September. BUT on a sales/day basis, September retail sales plunged from August.
Here’s a definitive “fact check” on the Census Bureau retail sales report. The retail sales report is showing a 1% increase per the “adjusted” number from August to September. However, Black Box Intelligence, the best source for both private and public company restaurant industry data, is reporting that restaurant traffic fell 3.5% in September from August. In fact, traffic counts have dropped at least 3% in four of the last six months. Same-store-sales dropped .5%.
This private sector source of data is consistent with data that I have been presenting in the Short Seller’s Journal for trucking and freight shipments for August and September and for actual auto sales numbers, which are declining at an increasing rate, along with the rise in auto loan delinquencies. In fact, according to Fitch the default rate in subprime auto loans is now running at 9% and is expected to be at 10% by year-end. Fitch is usually conservative in its estimates. I would bet the real default rate will be well over 10% by the end of 2016.
One final significant datapoint released last week was auto sales for September. The “headline” report showed a 6% SAAR (Seasonally Adjusted Annualized Rate) gain in September over August for domestically produced autos. However, auto sales typically increase from August to September as Labor Day sales drive September car sales. Year over year, domestic car sales plunged 19% and truck sales were down 1%.
Now for the reality-check. As reported by the Wall Street Journal, September sales for GM, Ford and Chrysler declined 0.6%, 8.1% and 0.9% respectively. Toyota and Nissan reported gains while Honda’s sale dropped. Moreover, it took heavy discounting to drive sales. In fact, incentive-spending by OEM’s on a per-unit average basis set a single-month record, topping the previous single-month record set in December 2008. Think about that for moment. – from the October 9 issue of the Short Seller’s Journal
The bottom line is that most, if not all, data coming from private-sector sources conflicts and undermines the “seasonally adjusted” garbage data reported by the Government. Just like all other news reported by the media that is sourced from the Government, the Government economic reports are yet another insidious form of propaganda tailored for political expedience. But propaganda does not create real economic activity and the middle class is becoming increasingly aware that it’s being told nothing but lies from the Government. Today’s Government generated retail sales report for September is a prime example.
The SDR Is A Trojan Horse For Global Elitists
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. – Alan Greenspan, “Gold And Economic Freedom” (1966)
The Daily Coin posted an interview with Dr. Warren Coats, one the architects of the SDR. This is a must-listen for anyone who wants to understand how and why the SDR is nothing more than the monetary instrument of the one world, one Government globalists.
At first, Coats’ statements are infuriating – especially the assertions that are entirely incorrect, like “China doesn’t produce much gold” [sic] – but if you stick with it, you begin to understand why Sun Tsu said “keep your friends close and your enemies closer.”
TDC’s conversation with Dr. Coats provides invaluable insight into the “belly of the beast.” Throughout the interview, you can hear Rothschild’s famous quote about money echoing: “GIve me control of a nation’s currency and I care not who makes the laws.”
In this latest episode of the Shadow of Truth, we dissect Coats’ answers to several of Rory’s questions and explain why the SDR is nothing more than a Trojan horse of sorts designed to provide a “plausible” replacement of the dollar and, more significantly, to advance the New World Order implementation.
To Hillary Clinton, Voters Are Necessary Evils
Hillary Clinton with respect to her Syrian “no-fly” zone policy: “So our missiles, even if they are standoff missiles so we’re not putting our pilots at risk—you’re going to kill a lot of Syrians,” she said. “So all of a sudden this intervention that people talk about so glibly becomes an American and NATO involvement where you take a lot of civilians.” – Goldman Sachs speech via the Podesta emails
Contrary to her many lies and half-truths issued during the debate, people, including Americans, are quite expendable to Hillary Clinton. But more on that in a moment.
A colleague of mine passed on a blog post by Brandon Smith which posits a theory that somehow Trump will be “allowed” to win and then the elitists will let the system c crash. They don’t want one of “theirs” in the line of fire when it becomes impossible to keep the system from collapsing. This is not an uncommon school of thought in the alternative media audience and Hillary Clinton is firmly ensconced in the political neoconservative fascism of the elitist Establishment that controls DC for the most part. Brandon Smith generally provides good insight and compelling analysis of current events.
But if Smith’s specific prophecies ever came to fruition, I’d give his arguments serious consideration. Like the rest of us, only his general economic and political trend prophecies play out. Predicting Brexit passage is not unique to him. I always thought it would pass, as did many others. His use of “global elitists” is incorrect. It should be “western elitists.” They DO NOT have any control over Russia/China and that’s why the next big thing will be a war by proxy in Syria that likely will lead to some form of an escalated conflict – possibly in the S China Sea and Ukraine. Hopefully it won’t lead to the nuclear option, although it’s pretty obvious that both Russia and the U.S. are preparing for that possibility.
If Trump gets elected, it’s because there were too many people who showed up to vote for him and against HRC – not because Smith’s “global” elitists “let him win.” They can rig the vote count if it’s close. But not if Trump were to garner enough votes to win by more than a few % points. Exit polling is a form of check and balance that prevents complete confiscation of the voting process.
Smith erroneously ignores the “random probabilities” variable – maybe because he never studied advanced statistics in the context of economic models. “Randomness” – it’s a law of nature. No one can control that. Just ask the Nobel “rocket” scientists who told us Long Term Capital was perfectly hedged against any and all market occurrences. I think the western elitists have more control than most people understand or are willing to believe – especially the ilk that supports HRC – but not nearly the control that Smith attributes.
I finally watched the entire debate. I think it was closer than Trump supporters want to believe. The stench of the propaganda drooling from between HRC’s smiling face-sewer was sickening, especially given that her supporters truly believe that HRC is being genuine. She doesn’t care about the middle class or women or minorities any more than any other DC politician. Constituents are a “necessary evils” to these people – warm bodies with a vote. Certainly that’s what HRC believes, which was made evident by the quotes pulled from the speeches she gave to Wall Street banks – for which she was paid $600 thousand per appearance.
“I’m Kind Of Far Removed” From The Struggles Of The Middle Class “Because The Life I’ve Lived And The Economic, You Know, Fortunes That My Husband And I Now Enjoy.” – Hillary Clinton to a Goldman Sachs audience of HRC Foundation and Campaign donors via the material thankfully leaked by Wikileaks
Perhaps the Donald’s best attack on her was when he asked how come she won’t use any portion of her $100s of millions in wealth to fund her campaign. All of her campaign money comes from wealthy donors who will receive big favors – mostly sizeable Government contracts awarded to their businesses, or the maintenance of the carried interest tax loophole (George Soros will make certain that remains intact) or access to our markets and defense weaponry (Saudi Arabia, which is a huge contributor to the Clinton “Foundation”).
By the way, how on earth did Bill and Hillary Clinton manage to amass hundreds of millions of dollars in net worth?
Make no mistake, I am not supporting Trump. In fact, I have not voted since 1992. Voting is irrelevant. Just ask Obama supporters who now get it (most of them still are oblivious or will not make disparaging remarks about Obama out of fear of being a labelled a “racist”).
India’s Gold Demand Gets Rolling – An “Unofficial” Bottom?
Our sales have increased by 30-40 per cent over the last week following a decline in gold prices. Given that the current price level will continue, we see this season as one of the best festive seasons in terms of jewellery sales in recent years,” said Rajesh Mehta, managing director, Rajesh Exports, one of the largest jewellery retailers in India. – LINK, as sourced from John Brimelow’s “Gold Jottings”
I say “unofficial” bottom to this 9-week manipulated take-down in the price of gold because we don’t know to what extent the western Central Banks will throw paper at the NY and London gold “markets.” But based on the latest Commitment of Traders report, the bullion banks are covering their shorts fairly aggressively while the moronic hedge funds dump their longs and try to chase the market lower by piling in to the short side. This has always been a recipe for at least short term move higher in the metals.
But the cartel’s takedown of the paper gold price has created a nice ex-import duty premium bid in the Indian gold market just ahead of India’s festival season: “Dropping of the rates depend on the international market. If it continues, we are sure to have a bumper Diwali this year,” said N Anantha Padmanabhan, regional chairman, All India Gems and Jewellery Federation – LINK.
Please note that a sudden surge in legal kilo bar imports will not depress dore bar importation or smuggling, the latter of which is now estimated to fill about 30% of India’s annual gold demand now.
Recall that China was closed last week, while India was transitioning into it’s biggest buying season. The banks used this opportunity to launch their most aggressive paper attack on gold since 2011 in London and on the Comex. They also used the big drop last week to print profits at the expense of hedge funds and whiny retail bucket shop traders. But, the western gold cartel take-down of gold using paper has helped ignite India demand: “In the past fortnight, gold has fallen in the international market by 5.8 per cent; the price in India is down 4.9 per cent. With the ‘pitrupaksha’ period over, when buying of gold is considered inauspicious, festive demand has started – LINK.
With the bullion banks covering their illegal paper shorts, gold is the most oversold that it’s been in 3 years. I suggested several weeks ago that we might get a “200 dma” pullback. Here it is:
Again, I’m calling an unofficial bottom because, in a system that allows a criminal to run for President, there’s not telling the degree to which Wall Street will resort to illegal market manipulation in order to keep a lid on the price of gold. But I am certain that the Indians, Chinese and Russians will – as Alan Greenspan would say – “measurably” increase their “consumption” of physical gold.
I will be reviewing and updating my favorite junior exploration picks in this week’s Mining Stock Journal. I am featuring some graphs which reinforce my view that this sell-off is over, with the market “percolating” for another big move higher – possibly ahead of the next Fed policy move, which I believe will entail more QE. I am also going to present some ideas to take advantage of the oversold condition of the highest quality large cap mining stocks. You can subscribe to the Mining Stock Journal with this link: MSJ Subscription. This includes email delivery of all back-issues. The last issue featured a silver explorer trading below 50 cents that could ultimately be a $10 stock.
Fed Reverse Repos Reveal Big Cracks In The Financial System
Since the Fed’s QE program largely tapered at the end of 2014 (note: the Fed still used interest on its mortgage holdings to buy more mortgages), the size and volatility of the Federal Reserves reverse repo operations with banks – especially foreign banks – has been continuously increasing:
The most likely explanation for this is growing liquidity problems in the western banking system connected to increasing instability in OTC derivatives. While all fingers point to Deutche Bank, DB is just one player in large game in which every player is inextricably connected. But the eventual derivatives financial nuclear melt-down will probably be triggered by DB, and the fact that the ECB enabled Deutsche Bank to cheat on the BIS-mandated bank stress tests reinforces this view: ECB Allow DB To Cheat.
The scale and severity of this problem is going to explode now that the U.S./western housing and auto loan bubbles are beginning to pop.
In today’s Shadow of Truth episode, we discuss some possible meanings embedded in the two graphs above plus a couple other topics not covered by the mainstream financial media propaganda:
Trump vs. Clinton: The Eccentric Billionaire vs The Sociopathic Criminal
Below is a guest post from my colleague, who requested anonymity. 12 years ago, a friend of mine and I both agreed that – and this was after Enron, 9/11 and Colin Powell’s self-admitted lies about Iraq which were used to justify a military overthrow of the Hussein Government – that we would eventually see things occur in this country that would blow our minds (as if those three events were relatively “non-events). I can say with complete sincerity that two things completely blow my mind now: 1) the degree to which corruption and criminality have completely enveloped our economic, financial and Governmental system and 2) the fact that a criminal – with plenty of hacked emails on display to prove certain acts of criminality – is permitted to run for President.
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I am a casual observer having learned that when all you are left with is hope, it’s that moment you realize it’s over – whether it’s a game, investing, politics, etc. Unfortunately I reached that point many years ago with the state of politics and mainstream media’s (MSM) blatant biases towards…..well everything they touch. Last night’s Presidential Debate (sic) clearly reinforces my position that all we are left with is hope. Hope that things cannot get worse, hope that eventually things get better, hope that this is not simply a horrific Orwellian Nightmare, although the latter appears to be where we’ve arrived full frontal. I didn’t watch the debate looking for my opinion of the “candidates” to change as I have zero plans to vote in this election. Yes, we’ve devolved to that point in history. I watched the debate for the same reason most people would watch a NASCAR race: waiting to see a wreck.
In attempting to summarize the spectacle from last evening, the first thought I had is “if aliens were watching from their spaceship what would they be thinking?”. My best guess is they would all look at each other and say “hmm… we have absolutely nothing to worry about but all of those poor people stuck there certainly do!”. In my no-skin-in-the-game opinion, Trump finally stepped up and won the debate. He appeared much more focused, succinct and was on the offensive – not taking the bait from Hillary that was offered time and again. HRC typically avoids answering a questions to which she has no answer. And the moderators never hold her accountable to those questions she avoids answering. She is never implored stay on topic unlike Trump, who frequently was subjected to overtures of debate from the moderators.
From the outside looking in, we have past the point of no return. Regardless of the endless “hope” I hear that we must go back to the way things were, the stark reality is you never go back, nope, doesn’t happen. It becomes something else. Last night’s debate is further confirmation of this. Yes, in my sophomoric opinion Trump was the clear victor. The last question of the night was the softball he should have hit out of the park but instead took the high road. The question was “can each of the candidates say one positive thing about the other candidate?”, HRC boorishly side-stepped the challenge by complementing Trump’s children. It was a pathetic cop-out. Trump’s one positive comment about HRC was that she’s a fighter and will fight to the end. What he should have said was “so far, you have proved to be the consummate criminal because you are really good at evading the law!”
There is absolutely no hope for this nation if the people vote for that lying hag, and I am not going to be a serf of the Clinton Crime Syndicate.
We all have our lines in the sand; I am not going to be a subject of that witch, her deranged husband, her puke-inducing Goldman Sachs son in law or her weak, creepy, mousey daughter, who they want to be yet another Clinton overlord of the people despite her total lack of any kind of achievement or qualification, other than being seduced by a corrupt, lying, thieving (look at his “hedge fund”) Goldman pig. His body language around The Rapist (Bill) makes me want to vomit.
Her rants tonight about the Russians and Chinese demonstrated that she is completely paranoid. She should stop running for office so she can get the emergency psychiatric treatment she requires.
PCR [Paul Craig Roberts] is 100% correct; that puppet hag and her neocon puppetmasters will, without question, provoke nuclear war. But they will all be fully protected in their multi-billion dollar bunkers, while the rest of us get incinerated. – Stewart Dougherty
Is The US Mint Under Reporting Silver Eagle Sales?
This is the most blatant market intervention that I’ve seen in 15 years of involvement in the precious metals market – IRD on SD Metals & Markets
Before we recorded this week’s SD Metals & Markets, Doc related a conversation to Eric Dubin and I about a conversations he had with two Authorized Purchasers of the US Mint which leads him to believe that the mint may be intentionally under-reporting silver eagle sales.
Doc and Eric invited me back on their weekly show to discuss the manipulated sell-off in the precious metals market this past week. Every day the Comex was intermittently bombed with huge quantities of paper gold. The only possible explanation for this is that the Fed/PPT wants to take the precious metals sector down in price ahead of uncontrollable financial event: