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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Nixpix who wrote (23925)	6/20/2011 12:18:37 AM
From: Proud Deplorable	2 Recommendations Respond to of 50720

Extremely interesting: Silver Viral Project silverdoctors.blogspot.com

To: Nixpix who wrote (23925)	6/20/2011 11:31:16 PM
From: Proud Deplorable	4 Recommendations Read Replies (1) \| Respond to of 50720

MONDAY, JUNE 20, 2011 U.S. Government Totalitarian Creep Continues Plus QE3 All But Assured The big buzz this weekend, away from Greece, centered around the Zerohedge.com report that apparently retail traders/investors are going to be stopped from trading OTC gold and silver futures products. But if you do some research on the exact nature of what is being regulated, it ironically in some ways is a very good thing. The products in question are OTC derivative-based "currency" securities. The paper indexes gold and silver and allows the trader to take long position in gold/silver while shorting the dollar, or vice versa. It is a pure paper derivative with absolutely no connection to physical gold and silver other than to index the dollar-based rate of return in the two products. The TRUTH of the matter is that this is exactly the type of product that enables big banks to manipulate the gold/silver markets AND rip-off retail traders. Wall Street has, and always will, look to the retail investor as its easiest source of easy money. The less liquid and more "OTC" a product is, the bigger the margins for Wall Street. Remember, a Wall Street dealer's job is to reach his hand into YOUR pocket and remove as much money as possible. That's exactly what this type of product is designed to do. When you look at the headlines on Zerohedge, you think that all gold and silver trading is being eliminated. But Zerohedge's presentation is characteristically sensationalized. Ironically, the products being eliminated are the stuff that makes Wall St. money at the expense of the little guy. Where I do have a problem with this kind of regulation is that it is a continuation of the Government totalitarian creep into our everyday lives. Does anyone REALLY believe that Obama or Bush or Congress has the right to believe that they know what's best for the individual? Seriously. Here is another example of the totalitarian creep of our Government and the elimination of free press: it turns out that the "little" nuclear plant mishap in Nebraska could be turning into a serious catastrophe. Take a look at this news report: LINK The reader has to decide for himself the degree of credibility that report holds. Upon discussing it with a couple of long-time colleagues, I believe that it has a high degree of credibility. Before you dismiss this news report, please keep in mind that it is a fact that the airspace over the plant has been closed AND ask yourself how much news coverage you are seeing about this from all sources of media? I bet if I open up today's Denver Post, I won't see anything on it and Denver is not that far from Omaha... Central Planning Obama-style moves into rural farming America. Take a look at this disaster: LINK That should frighten the crap out of everyone who reads it. Based on everything you've seen about how well the U.S. Government manages everything else it has annexed control over, does anyone really think that Obama and his band of merry idiots can help stimulate rural economic activity and farming? It's starting to get beyond the humor of the absurd in our system and become down-right frightening in this country... As for QE3. The question is, if there isn't any QE3, how will the Government finance the additional Treasury debt that it will issuing once the debt ceiling limit is inevitably raised by at least $2 trillion? We learned over the weekend that Russia, one of the largest holders of U.S. Treasuries, has been quickly reducing its holdings and will continue to reduce its holdings: LINK So there goes one big historical source of funding. And China, despite the holdings as reported in the monthly TIC reports, has been quietly reducing its dollar holdings using clandestine methods. This is something I have always suspected, but Standard Chartered Bank lays out a very credible scenario here: LINK If you bother to read through that and know anything about the fund flows the way they are reported in the TIC report, then you will have accept that the scheme described by Standard has a very high degree probability. So if Russia and China are no longer financing the U.S. Government's massive spending addiction, and the Fed has been the primary financier since December, if the Fed were to NOT extend its QE program in some form, who will finance the $2 trillion? It's getting very "spooky" out there in the markets and based on the way that gold and silver have been performing recently, I believe that large flows of very smart capital around the world are beginning to view gold and silver as the last port in the face of a very serious in-coming financial tsunami...