Decoded: the Whitehouse’s Sweeping Change

“The treasury secretary touts a White House plan for the most sweeping change in the financial regulatory system since the Great Depression.”

Here’s a summary that appeared today on (click it to enlarge)

Financial Overhaul Decoded_sm
(BTW I like David Walker, but they don’t.)


Like they did in the Great Depression, the Money Powers have engineered the biggest financial meltdown since the 1930s. [link]


It has been planned at least since 2001, when they used the Fed to drop interest rates to create the housing bubble (to replace the dot-com bubble). They will systematically take a wrecking ball to Wall Street, the US dollar, Social Security/Medicare, the Banking System.  


They seek to reallocate as much of your wealth as possible to themselves. 


The “President’s Working Group on Financial Markets,” a.k.a. the “Plunge Protection Team,” is, in truth, the Money Power’s “Market Manipulation Team.” Their job is to keep the markets from collapsing too quickly: if a financial sector collapses too quickly, their friends wouldn’t have time to move their money to safer havens. Awwww… 


You and I are, of course, are not members of their social network. 


Show Me Your PapersThe Money Power’s goal is to have ever increasing control of your world. This is not a republic. This is not a democracy. It’s socialism. It’s control by the state and for the state.


Timing is important to the MMT. They know they’ve got to get all these sectors to meltdown by 2011, but they don’t want to create a widespread public panic (not ‘til they’re ready). If Joe Sixpack panics he’ll pull everything out of his stock market account and do something crazy, like buy gold.  


Can’t have that. There ain’t enough gold to go around! 


No, they need to manage The Meltdown so Joe Sixpack (you and I) gets sheared properly and professionally. They will provide beautifully-embroidered words of reassurance from official spokespersons each time they ratchet something one notch lower. The president will make sure we all know “he’s on top of it.”

“It’s in everyone’s best interest to keep calm, stand still while we shear you.”

And here’s just one of the ways they fleece you: last week (yes, just one week) the Fed blew $75 billion to buy up distressed mortgage investment junk from their banking pals.

How much is $75 billion?

  1. Half of all the gold supposedly in Fort Knox
  2. 7 times what was originally spent by the gov’t on Katrina aid
  3. 150% of the original Iraq War funding request

So, this ain’t chump change. And keeping their friends solvent is more important than helping Joe S. devastated by Katrina.

At least, now you know where you stand with your government!

And, just where does this $75 billion come from. It wasn’t voted on in Congress. “We the People” didn’t say “OK.”

It’s Easy!The Fed got it where they always get it: they created it out of thin air. They printed extra dollars to cover it. But, you know there ain’t no free lunch. (You did know that, didn’t you?) We all get to pay for it with inflation.

Every extra dollar that’s put in circulation by the Fed makes every dollar you hold worth slightly less. This is why the US Dollar Index keeps dropping, and why inflation–BIG inflation–is barrelling down the tracks with you and me in its headlights.

A runaway freight train of inflation. Ouch.

Prepare to defend yourselves.

◊◊◊◊ Now: Gold @ $917.12, Silver @ $17.27, USDX @ 71.76 ◊◊◊◊


Kitco/Perth Mint Scheme Exposed

Check this out from Silver Guru (and hero) Jason Hommel. (He’s a straight-shooter and tells it like it is, no matter what.)

Jason build a case against Perth mint (Australia) & Kitco (USA) and their “allocated silver storage” programs. This is where you “buy” silver from them and they agree to “store” it for you. But, as you will see if you read the story, you may very likely not actually have any physical silver.

He details the experiences of a handful of his subscribers in the last few weeks. In some cases Perth is telling them they’ll have to wait 6 months for their silver. Yikes!

I agree with Jason: don’t mess with “paper silver.” Get the real, physical thing and store it yourself. If you absolutely cannot store it yourself, store it in a safe deposit box at your local bank. Just understand there’s a chance you may not be able to get to it when you need it if your bank goes under.

BTW, the dollar has just hit a new all-time low in the USDX.

◊◊◊◊ Now: Gold @ $953.30, Silver @ $18.43, USDX @ 71.40 ◊◊◊◊

“Home Sales Up” Yeah. Right.

Warning: this post laced with sarcasm. Sarcasm shown in italics for clarity.

So the stock market bounced up yesterday (two days in a row, woo-hoo!) cuz of two things:

  1. An 80+ year old respected financial institution is gonna be sold for a 95% discount (off its recent high) instead of a 99% discount. Ooohhh, I bet those Bear/Stearns shareholders are strappin’ on the ol’ party hats now!
  2. Headline screams “Home Sales Up.”

I’m not even gonna comment on the idiocy of #1 above. But let’s take a closer look at #2.

Feb 2008 Foreclosure Activity by StateHome sales. The headlines trumpeted an unexpected rise in existing home sales. Woo-hoo, the housing slump has bottomed!

But here are all the facts:

  1. Feb sales rose by 2.9%
  2. Feb sales are still down 23.8% from last Feb.
  3. Sales prices fell 8.7% from last Feb, biggest decline in 40 years.
  4. Sales of existing homes fell by 12.8% in 2007, the biggest decline in 25 years. 
  5. Feb foreclosures up 60% from last year.
  6. Feb marked the 26th consecutive month of year-over-year increase in foreclosure-related filings.
  7. In Feb, 1 in every 557 homes received a foreclosure filing. [Read the foreclosure report yourself.]

Now here’s the cute part: when a house is foreclosed the deed changes hands from the homeowner to the bank. This change in deed is counted as a home sale.

Yes, the “increase” in home sales for Feb are artificially inflated by all the foreclosed homes! Just another way your gov’t keeps you in the dark, thinkin’ everything’s OK.

So, now you know: no matter how much lipstick they put on the housing pig, it still reeks.
◊◊◊◊ Now: Gold @ $933.40, Silver @ $17.71, USDX @ 72.25 ◊◊◊◊

APMEX Explains Shortage/Outage

Silver BullI’ve just learned that Apmex has offered up an explanation for the problems they continue to have in selling gold and silver.

Be sure to read section 3: “The shortage of metals on the market is like nothing I have seen before. …both mints being out of silver and large dealers literally across the world being out of physical metals is like nothing I have experienced.”

Here it is, in its entirety:

First. Our site remains down and will likely be down for the next two weeks. We were in the process of upgrading our servers, software and re-locating our hosting facilities for several weeks when this buying frenzy started. We had equipment on order and plans in place for this to happen mid-April but the site could not support the volume any longer and we had to bring it down early Thursday morning. We are looking to have our site up and running the week of April 7th – 11th.

Second. The reason we limited our orders to a minimum of $5,000 on Thursday was because we had no ability to predict what Thursday and Friday was going to be like. That was a way for us to limit the number of calls coming into our office so we could determine a plan of action. I can assure you, we were not looking to alienate anyone, just trying to provide some level of service. This was a tough decision any way you look at it.

The shortage of metals on the market is like nothing I have seen before. In May of 2006, when we had a pull back, the only products we were able to find at that time were 100 oz and 1,000 oz bars of silver, 90% silver and a few other items. The smaller items dried up but eventually came back into the market place. This time, with both mints being out of silver and large dealers literally across the world being out of physical metals is like nothing I have experienced. I expect when the futures prices start to climb and they will, the smaller physical items such as 1 oz, 10 oz & 100 oz products will eventually surface again. Investors large and small simply do not want to sell when their investments are down.

Going forward….. Starting Monday morning March 24th., we will begin accepting telephone orders from existing customers and Gold Is Money members for a minimum of $1,000 to try to service as many customers as possible. Additionally, we will have some backdated Silver American Eagles available for purchase. Since we are only selling what we have live, when they are gone, they are gone.

They say, hind-sight is always 20/20. Many people could say we should have prepared our site for this. We in-fact did. It was just not soon enough. They will say we should not have imposed a $5,000 minimum order. The truth is, we didn’t want to but felt it was a place to start to allow us time to view the situation and buy us some time. Finally, people will say we are holding metals. We don’t make money by holding back inventory and not selling to our customers. We are working on loading more inventory onto our site so when it does come back online, there will be the great selection our customers are used to.

The employees of APMEX and I appreciate your continued support during this trying time.

Scott Thomas
President & CEO 
◊◊◊◊ Now: Gold @ $919.00, Silver @ $17.10, USDX @ 72.94 ◊◊◊◊

Silver/Gold Shortage! 19 Dealers Low or Out

Is this it? Is this how the moonshot starts?Apmex Out of Silver

The recent plunge in silver and gold prices has triggered a massive tsunami of public buying. Silver and gold are hard to get right now!

Apmex just sent me a notice saying they have shut down their web site and are accepting phone orders ONLY with a $5,000 minimum. Click the picture to read the notice they sent me.

Jason Hommel (one of our heros) says there are 18 other dealers reporting shortages.  [Check out Jason’s web site here. Good stuff!]

Among them are:
> Amark (big supplier in US, including ColoradoGold)
> Perth Mint (big supplier in Australia)
> Scotia Bank
> Tulving
> CNI Numismatics

Don at is closing early today.Oh, this is going to get interesting!UhaveNoidea
◊◊◊◊ Now: Gold @ $920.10, Silver @ $17.19, USDX @ 72.77 ◊◊◊◊

NW Territorial Mint Sued for Slow Deliveries

NWTM SuedAttorney General sues NW Territorial Mint. Click the link for the full story.

Seems the AG for Washington state has received 82 complaints against NW Territorial Mint. Apparently, the volatility in the silver markets has made their normally slow delivery even slower.

Double Gold (DGP) Now, Right Now!

Gold tanks!Yippeee!

DGPFeb 28 a new gold-related fund was launched called Double Gold Long(DGP). Almost no one knows about this yet.

It’s kinda like the GLD ETF that tracks the price of gold, except it tracks the price of gold x 2. In other words, if gold goes down 1% DGP goes down 2%. And, if gold goes up 1% DGP goes up 2%, double the rise.

I think right now, with gold at $943/oz, is a great time to grab some DGP. Very short term gold will be back up to $1050, a rise of 10%.

I expect DGP to go up 20%, double gold’s rise.

I’m throwing some discretionary $ at DGP today and looking forward to cashing it out after a 20% gain in less than 45 days.

Should you do the same? I won’t tell you what to do, I’m not an investment adviser. I’m just letting you know what I’m doing. Wish they had a double silver fund!

◊◊◊◊ Now: Gold @ $943.20, Silver @ $18.45, USDX @ 72.03 ◊◊◊◊