Shadow of Truth: An Age Of Deception And Fraud

If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.  – Joseph Geobbels,  Hitler’s Minister of Public Enlightenment and Propaganda

Put it on CNN and it’s true.  Perhaps one of the most baffling aspects of our system is the extreme dichotomy between perception and reality.  Anything reported by one of the major mainstream news sources is gobbled up and accepted as the truth by a majority of Americans.

Dr. Paul Craig Roberts wrote a brief commentary which describes how news reporting is used to control our perceptions in order to ensure the public acceptance of the Government’s agenda:  “Liberalism has helped to make Western people blind by creating the belief that noble intentions are more prevalent than corrupt intentions. This false belief blinds people to the roles played by deception and coercion in governing. Consequently, the true facts are not perceived and governments can pursue hidden agendas by manipulating news” – PCR, How They Brainwash Us.

The problem is, once you “see” the truth underlying the thick systemic facade of fraud and deception, you can’t “unsee it.”  The monthly non-farm payroll report will be released on Friday.  Every month market participants guzzle Maalox and sit on the edge of their seat in anticipation of the headline news release.  It seems beyond silly that the financial world spends an entire day discussing and analyzing the employment report, which is fictitious in its entirety.   Hell, the Government releases two different statistical versions of the employment report.  Which one is it – the Household Survey or the Payroll Survey?

It doesn’t really matter because once the unemployment rate metric hits the tape, that IS the number.  The truth is that the real unemployment rate is well over 20%.  But when everyone discusses The Number, they use the reported number which is currently 5%.  The process of reporting the monthly employment situation is extreme absurdity in its entirety.

In the Shadow of Truth’s latest “Market Update,”  we focus on the gold and silver market – or the fraudulent paper version thereof.  Like the monthly employment report, most market analysts base their assessment of the gold and silver market on the weekly Commitment of Traders report.  Of course, it makes no difference that the data in the report is already three days old by the time the report is released.  Neither does anyone seem to care that data in the report is compiled and submitted by three of the most corrupt banks in the world.  Another interesting misconception is the use of the gold/silver prices on Kitco as the “spot price.”  But that’s a fabrication as well…


9 thoughts on “Shadow of Truth: An Age Of Deception And Fraud

  1. Dave, can you elaborate on this statement,”Another interesting misconception is the use of the gold/silver prices on Kitco as the “spot price.” But that’s a fabrication as well…”?

    I don’t play futures, but do buy PM’s on occasion. Usally the kitco price matches pretty well w/ what my dealer is quoting. So wondering if you can educate us a bit.

    1. Your dealer is using Kitco. They all do. Kitco is what I explained it in the podcast. A mathematical derivation based on the most recent London price fix + a derivation of the futures price curve. I think there’s a tab buried somewhere on their site that explains it.

  2. “Anything reported by one of the major mainstream news sources is gobbled up and accepted as the truth by a majority of Americans.”

    This is so true, Dave, but it has been going on for quite some time now.

    Back in the eighties, or even earlier, the major networks news programs and many major newspapers were biased in favoring a liberal agenda or a pro-government pro-Wall Street stance, especially when it came to bashing gold and silver while praising paper investments. The networks and newspapers had a stranglehold on the news until the advent of news via the internet.

    The MSM sources have, fortunately, been losing their grip with the competition from websites providing facts and figures instead of fluff and faux fairy tales.

    The battle for the truth is a long and hard one, but the truth is getting out there, people are beginning to wake up- consider the fall of CNBC, they stopped using Nielsen ratings to hide their loss of viewers, consider still those of us who gave up on TV and TV news/propaganda altogether.

    Slowly people are waking up, I just hope they don’t take too long to wake up.

    As always, Thanks for all you do, Dave, Thanks for providing facts and not phony baloney from the MSM deli.

    1. Back in the 1880s that is.

      ” There is no such thing, at this date of the world’s history, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job.
      If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalist is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell the country for his daily bread. You know it and I know it and what folly is this toasting an independent press. We are the tools and vassals of the rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes. “
      Attributed to John Swinton, the former “Chief of Staff” (Senior Journalist?) at the New York Times, who made this candid confession Circa 1880

      It is wise to remember that “competition websites” have their own agenda.
      White’s letter he wrote to a close friend on August 31, 1960 during the Kennedy-Nixon campaign:
      “…it is all fraudulent, all of it, everywhere, up and down, East and West. The movies, radio and state and books and TV — all of them are fraudulent; and the foundations and universities and scholars, they are all fraudulent too; and the executives and the financiers … and the Commissars and the Krushchevs and the Mao Tze-tungs, they are fraudulent equally; it is all a great game; and there are two dangers in this great game: first, the fraudulent people come to believe their own lies, they come to have faith in their fraud; and second, underneath it all, because people are fundamentally good, they come to realize that we live in lies and the people get angrier and angrier and they may explode.
      The scenery of politics is ridiculous, absolutely ridiculous. Yet I must report all this as serious. This is the strain on me. That I must be serious, and I must exhaust myself trying to find out what is true and what is fraud and yet, even after I know, I must take them both seriously and write of them both as if I did not know the true distinctions between them.”

  3. It’s funny Dave sitting listing to SOT (best on Web) ..these sob’s are definitely going to try and convert their wealth into real money at some stage, so they are gonna have to hit the “deflation” button at some stage…but timing it for us plebs…”every last crumb of middle class wealth” thats definitely what they are up to …they are trying to engineer an EXCUSE is what they are engineering the artificial scarcity of currency they need to get their grubby,greedy fu#$ing hands on physical metal..which tells me there is probably a group of maybe 100 people that ACTUALLY know the timing of any of this…because any more & the idiots like the Clinton’s and Albrights etc would (if they had an IQ) be panicking…the useful idiot section in the community know Realestate…”investors” who have not quite worked out that the Plebs that rent their Apartment blocks have absolutely no real money to continue paying any of these mortgages visa vie ..when they realise they better sell now before that 100 people end up with every last chip via the central banking scam……rant off ..great show Dave &Rory

  4. USA was far more blatant that Goebbels.
    Dulles said:
    “US would use all their might and money to dupe people. Human brain is liable for change. We will plant chaos in peoples’ heads and we will replace their true values with false ones. We will find allies in Russia. Step by step we will watch the slow death of the most rebellious nation ever existed. Cinema, theater, literature will cultivate the lowest human feelings. We will impose a cult of sex, violence, treachery etc. We will make a mess of a government. Honesty and morale will become redundant. Cruelty, lies, drug and alcohol abuse, distrust and hostility will become essential part of life. Generation after generation will be undermined. Youth will be our tool. We have to corrupt and subvert it”

    “In a way, the world-view of the Party imposed itself most successfully on people incapable of understanding it. They could be made to accept the most flagrant violations of reality, because they never fully grasped the enormity of what was demanded of them, and were not sufficiently interested in public events to notice what was happening. By lack of understanding they remained sane. They simply swallowed everything. . .” 1984

    Emanuel Swedenborg, –“It is no proof of a man’s understanding to be able to affirm whatever he pleases; but to be able to discern that what is true is true, and that what is false is false,–this is the mark and character of intelligence.”

    “It is the mark of an educated man to entertain an idea without accepting it.”

  5. One thing is for sure. Both gold and silver have been trading differently than in the past. The bullion bank raids are not having nearly the impact that they used to. It looks like the April COMEX gold open interest is going to be around twice what the registered inventory is. In December and January it took the entire month to close out the open interest.

    I read Jim Ricard’s recent article and his argument that large hedge funds can’t force a short squeeze during a delivery month since they could be charged with market manipulation makes a lot of since. Still, a bunch of smaller longs could collectively cause it. It is hard to see how the CFTC could charge investors standing for delivery of a small number of contracts with market manipulation unless they were working in collusion together.

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