Gold today is no longer related to the normal economic cycle of supply and deman

d, jewelry, Indian wedding seasons, rain in the Middle East. All those things a
re passé, forget about them. Gold is driven today by one overriding and I am afra
id, at least in my opinion, an irresistible and irreversible trend. A fundament
al, global and growing insecurity… A fundamental, global and growing lack of confi
dence of the world in everything they were brought up to believe. Institutions,
insurance companies, banks, issuers of mortgages, ratings agencies, equities, s
overeign debt, Federal Reserve Banks. Portugal and Iceland. Greece and Spain.
Currencies. What is left? What is left?
- Peter Munk, Chairman of Barrick Gold
Bureaucracy defends the status quo long past the time when the quo has lost its
status.
- Laurence J. Peter
The Big Lie
I feel completely blessed to be alive right now. To be a witness and participan
t in a moment in human history that will be written about and passed down in tal
es for as long as humanity remains on this planet. We are currently observing t
he evaporation of what Nazis referred to as “The Big Lie.” In very basic terms the
concept of The Big Lie is that if you are going to lie you may as well lie big.
So big in fact that the majority of well meaning citizenry could never imagine
anyone lying on such a grand scale (particularly not their government “officials”) s
o that they don’t even question the basis of their own reality. In the case of th
e United States the Big Lie is that we have a free market capitalist economy. I
nstead we have a corporatist/fascist economy that enriches three main groups. W
all street financiers, the military industrial complex and large multi-national
corporations that don’t pay taxes. So that begs the question, how can the America
n people be so brainwashed into thinking they live in this false reality? It’s ve
ry easy. It’s all about the money.
Up until recently (and by that I mean the last three years) how many people aske
d what is a dollar? How is it created and who controls the creation? Essential
ly no one did. The financial crisis changed everything because as the false rea
lity finally cratered under its own weight the super elite that robs and rapes t
he rest of us saw their world crumbling and they panicked. In order to save the
mselves, their reputations and most importantly their wealth they responded in s
uch an absurd and selfish manner it shook millions of Americans from their slumb
er. People started asking basic questions they never even thought to ask before
. One of those people was me. When I discovered how completely fooled I had be
en my whole life and figured out how the scam works I started writing about it.
I relied on those great men that have been writing about it for decades in rela
tive obscurity to educate me on monetary and financial history. I then shared w
hat I learned with anyone that would listen. I am pleased to report that it has
been a tremendous success and enough people are now awake for the system to be
overthrown. That is what is in the process of happening now. Yet as I have sai
d many times before, the super elite has all the tools of control still and will
not go down easy. Think about what despotic leaders have done to people in tim
es past. The torture, the exterminations, anything to have power. I believe ma
ny at the helm within the financial system and military-industrial complex in th
e U.S. are just as evil as those from the past. That said, in the age of the in
ternet their methods of control have changed and the war going on between truth
and lies playing out right now has two main battlefields. There is the informat
ion war being waged by the alternative media vs. the dinosaur propaganda media.
The second battlefield is the financial markets where honest money (gold and si
lver) is battling fraud fiat money controlled by the banksters who give The Bern
ank his marching orders. These orders are not designed to help the economy (whi
ch is why the economy remains horrible) they are designed to preserve the status
quo and protect their ill gotten gains. The establishment is getting wiped out
 on both battlefields. It is an amazing sight to see.
The Bernank Has No Clothes
The Bernank’s inaugural press conference last week was nothing short of a disaster
. The Wizard of Disneyland came out from behind his curtain and despite softbal
l questions from “journalists” couldn’t make any sense whatsoever. I just listened to
it again a few minutes ago. His answers were full of contradictions and backwa
rds logic. The first time the word “inflation” came out of his mouth in response to
a question he started stuttering. When asked about the dollar he said “the treas
ury is the spokesperson for the dollar.” Come again Bernank? They are FEDERAL RE
SERVE NOTES and you create them out of thin air. And lots of em. The Big Lie.
When talking about gasoline prices rising and the inflation in commodity costs i
n general he claims the Fed isn’t responsible, yet then he claims that if they kee
p going up and feed into core (which they are big time already and wait until yo
u see Wal-Marts price hikes in June) the Fed would have to respond. Huh? If yo
u aren’t responsible for the increase then how can you act to stop them and why wo
uld you act if you didn’t cause it in the first place?
Nothing though exposed this fraud of a man more than when he talked about Carmen
M. Reinhart and Kenneth Rogoff’s book “This Time is Different.” The Bernank offers h
is view that the reason why prior financial periods of crisis took so long to re
cover from was because officials didn’t act properly. There you go! This exposed
the man and his absurd statist mind for all to see. He thinks he is the superm
an that the world has been waiting for. He seems to think that in his brillianc
e and money printing he can just make the prior bubbles go away and we can get g
oing again. Let’s think about human nature for a second. We have had government’s
in charge of civilizations since the beginning of time. Do you really think the
majority of those governments really just stood by and watched after a financia
l crisis? Hardly. Furthermore, looking at the 1930’s it is very clear the govern
ment did anything BUT stand by idly (another lie). They interfered like crazy.
That is why the U.S. economy NEVER recovered naturally from the 1930’s. Never.
I have said for years that there is no stopping the mega cycle and that is what
we are in. I also said that things also never play out the same way. You have
to look at the players involved. The Bernank is haunted by his mythical view of
the Great Depression and deflation. He also thinks he can outsmart natural cyc
les. So when Von Mises says there is no end to a credit bubble other than defla
tionary bust or a collapse in the currency you have to ask yourself which one it
will be? I have said for years it will be a destruction of the currency system
and that what has been happening but what we have seen so far is merely an appe
tizer.
The Markets, Gold and Silver
It is very timely that I get to write today for the first time in a month. Last
week, the entire Big Lie was collapsing left and right. When the Bernank spoke
, gold soared. Obama came out with his latest reality tv show episode called “The
Birth Certificate.” Still his approval ratings plunged. Gasoline was spiking.
Confidence in Disneyland was circling the toilet bowl. Nothing was working for
the establishment. So what did you think would happen this week?
Well, exactly what is happening. A monster PR campaign to get confidence back.
Let’s go back to Sunday night. We got Bin Laden! (watch this interview PLEASE
http://www.youtube.com/watch?v=UXPg4yblXM0) Silver plunges 13% in Asia! Brain
dead sheep outside the White House waving flags yelling USA, USA! It was eerily
reminiscent of people in the Arab world celebrating after 9/11.
As many of you know, I believe the markets are heavily manipulated to paint a pi
cture. However, I also believe that markets always win in the end. This is a w
ar in which the super elite will not give up or reform the system on their own a
ccord. This is not just a battle for money it is a part of a much larger battle
for souls. Therefore, they will employ as aggressive and deadly tactics in mar
kets as they do overseas when they launch wars every other week. That is what I
think has happened this week. So is it over? I have no idea but I like buying
physical silver again at these levels and I also love the mining shares here.
I have NEVER been more bullish on physical gold and silver right now. Everyone
has an opinion now and that is fine. But I told people to short oil in 2008 and
buy it back in the $40s on the record and I also recommended buying silver at $
10/oz. This is no bubble. We are in the midst of a major counterattack. The s
heep will sell or even short. The wolves always eat the sheep. That is all thi
s is.
Remember, this is a war between truth and lies but the truth is winning and will
win. You can see the extent of their fear by what is happening this week. Sta
y calm, cool and add to your physical.
A Splintering in the Establishment
One of the things I have been waiting to see was when people in the “establishment”
start to speak out more and refuse to cooperate with the more psychopathic eleme
nts with the government, Wall Street and the military/industrial complex. I am
now starting to see increased signs of this. This is still under the radar but
it is happening and accelerating. Sides are being taken. This is going to be v
ery interesting to watch. Just remember, the system is coming down and there is
nothing they can do to stop it. They can only separate you from your real mone
y (gold and silver) before it becomes clear to all. The action this week is a l
ast ditch attempt. The game is already over.
Finally, please take the time to watch this. It is long but one of the most imp
ortant documentaries I have even seen.
http://www.youtube.com/watch?v=0Zt9BZD7mlc
All the best,
Mike