re:Eulogy for the CRB...a.k.a. "The Fix is In"
...very good article.
The FIX is most definitely in...in fact:
"The FIX is breaking out out all over" ~
We'll know it the moment Larry Kudlow and the inside the beltway SpinMeisters start chirping that quote/unquote:
"The CRB is dead, shows no sign of inflation, the US Market is underpriced, the economy is vibrant, this will lead to record earnings, Wave the Flag & Buy Stocks...yada, yada, yada"...
No different than the Official Inflation Numbers that get ludicrous hedonic adjustments masking reality....all the while the cost of Housing, Insurance, Property Taxes, Gasoline, Heating/Cooling & Utilities, Food and the cost of virtually everything we buy & spend money on ...rapidly escalates in price - as Fiat Money is dropped from Helicopters...
No different than the Official Jobs Numbers that get ludicrous Birth/Death Rate adjustments masking reality.
No different than todays Durable Goods Report that got stuffed & fluffed by jamming some Boeing Airliner Sales into the numbers...that sans that jam-job, were NOT up +5.5%, but instead, were down - 0.2%.
We are truly in a New Era and are amidst a Peak-Mania environment.
...and I'm not referring to Oil.
...a "new era" of Financial and Market Manipulation & Intervention that has reached a Peak-Mania Level that can not be sustained much longer without a Rogue Wave Crisis/Event that will ultimately lead to the rebalancing of the Markets and the Global Financial System.
...and Gold's behavior of late shows that it will indeed play an important role in that rebalancing and it seems to have been forgotten that Gold has a little when, not if - kicker hanging out there:
The Chinese Re-Peg.
But, Gold does face some significant interventionist hurdles.
An incredible dichotomy exists between the Gold & the Oil Markets:
Gold is continually being depressed by the Intervention of the Global Central Bankers and a "controlled/depressed" Gold Price is part & parcel of Geopolitical and Finanical Market/Fiscal Policy.
Melissa Francis, CNBC's Oil Reporter - just reported that Oil Analysts are questioning Crude Oil's Rally to challenge $60 - "in the face of seemingly no fundamental reason for having done so." and that "Oil Analysts had expected that it would take either a significant Refinery Shut Down, or a Strike to push Crude near $60."
- I will tell you this.
The most well known and the most significant Oil Traders all... "ALL" are privately acknowledging that Oil is being supported and is being pushed higher in direct conflict of market fundamentals and that buying is not coming from recognized, established Commodity Traders, or Hedge Funds...
Oil Traders are truly making money - "hand over fist" and all they are doing is front-running and/or following the Prop Job.
They know it has to end... but, there is no fighting the tape as the "Carribean Put" is firmly under Crude.
The "Carribean Put" - being those Mysterious "unregistered, unregulated, Carribean Hedge Funds" - that are ALSO the buyers of last resort on US Debt...they are the same players propping up and gunning the Oil Markets.
Oil is being propped up as part & parcel of Bush/Cheney Geopolitical Policy...and that we got a pop to $60 in Crude just as both the Senate & the House were deciding the Fate of the Energy Bill...was no surprise.... no more than Goldman Sach's infamous $105 Call to reverse Oil's collapse to the mid $40's was...Oil could continue to go higher, much higher - as there are as yet, no major players willing to stand against a rather clear & obvious interventionist prop job.
...back to China.
China is Enemy 1.
They are recirculating Forex Reserves into an escalating High Tech Defense & Military Build Up... and are exporting Missle & Nuclear Weapons Technology to the likes of Iran & North Korea.
China is the last remaining threat on the Horizon to America's position as the lone Global Super-Power.
Crude Oil is the Money behind the Power Base of the entire Bush/Cheney Political Machine...recirculated OPEC $ are funding US Debt, and the artificial ramp of Crude Oil Prices will collapse China, regardless the misinterpretation of China's seeming Financial Strength in light of it's huge Forex Reserves....China and it's Banking & Financial System, it's Economy and it's Geopolitical Power Structure are at significant Risk here...and Oil is unquestionably a modern Weapon of Geopolitical & Economic Mass Destruction and is being used as such.
It's a dangerous game....as the US Economy is being pushed to the limitis of Economic Rollover & Stagnation, but the Global Elitists will gladly trade a mild/moderate US Recession for collapsing China whilst simultaneously enriching the Power Base of Bush/Cheney pOILotics.... the Saudi's, the Carlyle Groups, the Exxon-Mobils et al. Oil is doing the job of Interest Rates to a great degree here and the Rich get Richer, while the US Middle Class & Working Poor get forever put in their rightfull place of Political Servitude & a New Era Sharecroppers Society... a New World Order Dream Scenario if there ever was one...
re: The Carlyle Group:
hereinreality.com
- give the masses their Housing Bubble, copius amounts of cheap credit and Chinese Trinkets, "0%" rates for everything from Furniture, to Auto's...while the Elitists close the Bankruptcy Window ,while the Markets are still propped up...cancel the Social Security Obligation and Transfer the Working Poor & Middle Class into the hands of Investment Bankers and Paper Assets - just as the Global Elite exit the same and say hello to yet another multi-decade 1966 - 1982 Market Malaise environment.
...when, not if...markets will reblance and violent price shocks will affect both Oil & Gold.
In a Global Economic, or Market Shock...one will break out to new highs and one will collapse.
...not hard to figure out which, is which.
...when, not if.
GOLD:
Get On, Be Long & Stay Strong....we're going HIGHER ~ |
