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For the past fifteen years I’ve often mentioned “globalists” in my writings about mass immigration, Islamization, international finance, and other topics connected with the New World Order. In the early days of this blog, ideas about globalist machinations were still widely considered tinfoil-hat “conspiracy theories”. And they probably still are in most circles, but the number of people who subscribe to them has grown considerably, and continues to increase with each news cycle.
Back in 2007 the exact contours of the globalist enterprise were difficult to ascertain. One could read about the meetings in Davos and the gatherings of the Bilderbergs and the strange rituals at Bohemian Grove, but the exact structure of the one-world enterprise was murky.
A lot has happened since then: the financial crisis of 2008-2009, the ascendancy of Barack Hussein Obama, the various “color revolutions” and the Arab Spring, the grooming of Ukraine, the election of Donald Trump, the COVID-19 “pandemic”, and now the Western proxy war against Russia. As the globalists and transhumanists approach the realization of their dystopian dreams, their doings are becoming much clearer. Donald Trump may well have accelerated that process, forcing their hand before the time was ripe. In any case, they have now come out into the open, and are explaining their intentions quite explicitly for anyone who bothers to pay attention.
After watching the news carefully for the past six years, I have identified six major strategies employed by the architects of the of the coming world utopia:
1.
Mass immigration from the Third World.
2.
The Islamization of the West (obviously closely related to #1).
3.
The destruction of nation states and their traditional cultural institutions.
4.
The imposition of total social control using mass surveillance and artificial intelligence.
5.
The implementation of universal personal digital identification and a global digital currency.
6.
A deliberately engineered financial collapse to usher in #5.
The primary focus of this blog for its first ten years was on #1 on #2. We occasionally visited other items in the list — especially the various battles in the Culture Wars (#3) — but we mostly concentrated on immigration and Islamization.
The course of events after the election and overthrow of Donald Trump helped shift that focus, however. Then the “pandemic” clarified the overall situation in all its demonic grandeur. The major players who used to lurk behind the scenes have now come out from behind the scrim into the open and revealed themselves and what they have in store for us.
* * * * * * * * * * * * * * *
This essay will concentrate on item #6, and specifically on the debasement of the currency, which is essential for engineering a general financial collapse. The West depends on the dollar (USD) as a reserve currency, so debasing the dollar is necessary in order to trigger the collapse.
Up until 1964, anyone who possessed a U.S. currency note could walk into a bank and exchange it for silver — one troy ounce of silver for every dollar denominated by the note. After 1964 the Treasury issued only “Federal Reserve Notes”, and gradually withdrew all the Silver Certificates from circulation. Silver coins (dimes, quarters, and half dollars) were replaced with the nickel-copper sandwiches we have today, known as “clad coinage”, or more sardonically, “Johnson slugs”.
After the “Nixon shock” took the United States off the gold standard in 1971, the last connection between paper money and a permanent store of value was severed. When I was a kid, the dollar was backed by silver, which the Treasury was obliged to give to you on demand in exchange for your paper dollar. Since then the dollar has been backed only by the “full faith and credit of the United States government” — a commodity that been losing value steadily ever since.
You can still get silver for your dollar bills, but it takes a lot more of them to acquire a Troy ounce of it, which costs somewhere between $21 and $22.
The thing is, in a normal precious metals market, silver should be worth more than that. A lot more. The price of every other commodity is increasing rapidly right now — oil, wheat, pork bellies, machine tools, you name it. But for the past few months precious metals have been going down.
It doesn’t make sense. Up until fifteen or twenty years ago, whenever the stock market dropped, the price of gold and silver went up. Investors who dumped stocks during a market crash would hedge their portfolios with precious metals, driving the price up. Market up, metals down. Market down, metals up. It was a rough but reliable rule.
I started paying close attention to the precious metals market just after the 2008 financial crash. For more than ten years there has been no obvious correlation between the price of gold and silver and the value of stocks. The two metrics rise and fall, but there’s no consistent correlation, neither direct nor inverse.
It just doesn’t make any sense.
Given the amount of fiat money that the Treasury and the Fed have conjured into existence in the past fifteen years, the price of silver should be through the roof. It’s hard to say what its true value should be, but $100-$200 an ounce doesn’t seem out of order. At least five to ten times as much as the current spot price, and possibly much more.
So what’s going on?
Over the last few years I’ve spoken to several precious metals dealers about the weird behavior of the metals market. All of them agree that there is far more “paper silver” — silver futures — floating around than there is physical silver to back it up. The general consensus seems to be hundreds of times as much. That is, for every hundred ounces of silver that various institutions have issued delivery certificates for, there is at most a single ounce of silver that could in fact be delivered to a customer.
From this I conclude that most of the market in silver consists of the exchange of these units of phantom “paper” silver. They are created and exchanged digitally, and purport to represent real silver that the customer could lay his hands on, if he chose to. But it isn’t there. The vast majority of silver that’s traded in the market is completely imaginary.
How is this possible?
Once upon a time, government regulation of banks and financial institutions required them to have X% of the face value of the issued paper as precious metals physically resident in their vaults. Actual gold and silver bullion that could be delivered to the customer. I don’t know exactly what number “X” stood for, but it was more than 1%. A lot more than 1%.
Which tells us that there is collusion between the regulators and the institutions they purportedly regulate. Or even worse: the institutions are engaging in these fraudulent transactions at the request of government regulatory entities.
My contacts among metals dealers named a specific corporate financial entity as the culprit that dumps oceans of paper silver onto the market. I prefer not to repeat the name — I don’t know if I could be sued for libeling a corporate entity, and I don’t want to find out. Let’s just say you’d recognize the name if you saw it.
The entity in question is engaging in this egregious behavior at the behest of governmental financial institutions, both national and international. The SEC, the Treasury, the Fed, the World Bank, the IMF, and lots of other acronyms I don’t even know are up to their eyebrows in this racket. They not only know what’s going on, they want it to happen.
Why?
As I understand it, the prices of gold and silver serve as a bellwether of economic disaster. When the price of metals shoots up, investors take alarm, and panic sets in, leading to a crash of the stock market, recession, and in the worst case, a run on the banks. Constraining the price of silver is crucial for maintaining market stability when all the money that floats around buying and selling stuff is basically imaginary.
I don’t know if any of this is true. I’m just a lowly amoeba in the economic food chain, and know nothing about high finance. This is just what I’ve been told.
One last question: Why don’t more savvy people take delivery of their gold and silver, to make sure they actually possess the tangible asset itself in case they ever need it?
As far as I can determine, the transfer of physical metals is inhibited by what’s known as the “premium”. That’s the amount added for each ounce the customer asks to have delivered. When the financial situation grows volatile, the premium goes up. I’ve seen it go as high as $10/ounce for silver, and even a little higher. That means that if you paid $22/ounce for your silver futures, you might have to pay as much as $32/ounce to take delivery. As long as the spot price isn’t increasing extremely rapidly, investors can’t make a profit that way. So they hang onto their “paper” silver, and keep on trading it.
Common sense tells us that this situation can’t go on forever. At some point people will want the precious metals that they think they own, but only a few of them — the first ones who jump in, pay the premium, and demand delivery — will be able to get any. The rest will be stuck with worthless pieces of paper.
At that point the time-graph of the price of silver will be nearly vertical, hyperinflation will kick off in earnest, and it will be a whole new world for everyone, investors, consumers, and oligarchs alike. Or maybe not the oligarchs — they may have planned in advance for that precise moment, and may be confident they can ride the tsunami safely.
Until then, the market in precious metals is rigged. And has been for a long time.
