ROBERT'S REMARKS December 5,
2014
DELUSIONAL COLOSSAL FRAUD
"I am
more concerned in the return of my money than the return on my money" Mark
Twain
The position of the major banks
is so precarious that one should pay heed to the above quote from Mark Twain
Most of U.S. banks have a debt leverage of 60 to 1 I might inform you that
gold and silver do not go bankrupt. Keep your attention on Ferguson
as a distraction while this country and possibly the world goes down the tube.
The Remarks that I write is not
going to please everyone. It is not meant to .It is meant, in part, to open
people minds to other ideas and to reality; the reality of what is really going
on with regards to economics and finance. One cannot delve into these two
subjects without mentioning politics which in these times has such an influence
on practically everything.
The house of delusions is cheap to
build, but drafty to live in, and ready at any time to fail. A.E. Houseman
The banks and a small cadre of bankers and powerful people
now run the country. If you think that electing people to office matters, the
reader is sadly mistaken. The bankers are destroying the monetary system in
order to keep their authority alive. To repeat, it is the bankers that currently
run this country and they are as corrupt as they come. None are being
prosecuted, none brought to trial, none convicted.
I believe
that the U.S. is going to be taught a fatal lesson for its subversive deeds,
and endless fraud and destruction One thing is clear to me is that all
this corruption in market control is ultimately unsustainable for much
longer We are close to a gigantic meltdown, like in months rather than a
year or two.
No one can predict how long
governments can get away with fake growth, fake money, fake jobs, fake
financial stability, fake inflation numbers and fake income growth. The second
thing that is very clear to me is that when the "jig" is up for this
country, the consequences will be fearsome for us. Probably 10 times worse than
the 2008 financial debacle. Your one main salvation will be that gold and
silver coin that everyone despises right now. (No matter what the manipulated price is) But in your possession.
I am not
so sure that a safe deposit in a bank is the right place for your gold and
silver as the banks own your safe and due to the Patriot Act, can invade your
box and seize your metals for any trumped up cause.
It is simply amazing to me how the
monetary reserves of our forefathers (gold) can be so hated. Your government
and most around the world can print money endlessly, and have people thinking
that this paper is a store of value. They can control the gold and silver
market by selling paper
naked shorts in the futures market without ever owning on ounce to
do this This is illegal by your government,. It's the old story that if you
repeat a lie often enough, the know
nothings will believe it. But now many countries are trying to recall
their gold from the Federal Reserve Bank as trust no longer exists as to the safety
of their gold.
Japan is
literally melting down fast AFTER IT ANNOUNCED THAT IT WILL PRINT TRILLIONS TO
SAVE ITS ECONOMY AND TO DRIVE THE YEN DOWN TO OBLIVION. This is sure to cause a
currency war in Asia. If Japan goes bust, the banks around the world will go
bust, like a multiple of the Lehman event, and it will suddenly be game
over and a global panic will ensue. You hold on to that gold you
bought because many currencies will not survive.
I am always talking about buying
gold in my Remarks as the one financial place to be. But why listen to me
when we have the famous Alan Greenspan saying the exact same thing in a recent speech. Maybe you will listen to
him. And it does not matter what the price is now, what the
price may be manipulated down to. It will outlast all the fraud, theft,
stealing and lying that is going on right now by Congress and your government.
In 40 years, no one has ever seen our gold reserves at Ft Knox. That is if
there is any, which I strongly believe has been spent or stolen or leased out..
Leased out gold never returns. Never and in NEVER
Not one single member of Congress mentions this ever.
Over the Thanksgiving holiday, we
had a knockdown of gold by about $30. Nothing unusual about this as the U.S.
does this when no one is trading the metals. It’s all done in the paper market
and no gold ever changes hands. Total Fraud.
One place that I can assure readers
that we are going to is THIRD
WORLD STATUS.
Obama is seeing to that in spades.
Whether you are a Republican or a Democrat is meaningless to me. Never before
have we been held in so a low esteem around the world as with this current
president. Never have we been so despised, at least in my lifetime, as with the
current president. Never have we elected a President who is so over his head in
this office. I cannot remember a President who lied time and again and does it
so convincingly. These are of course, my opinions.
People come to me and mention how
low gold is and it could probably go somewhat lower. The corrupt U.S. Comex
tries to control the physical gold and silver market by selling paper gold into
the futures market to artificially depress the price. No physical gold is
delivered because the many Central banks are now very close to having no gold
to deliver. They can only deliver paper dollars. At some point either China or
Russia will revalue its gold and then the Comex game is over.
What is interesting to note is if
one wishes to buy a large quantity of gold anywhere in Asia, you pay the spot
price of gold (let's say $1150 per ounce) and then you pay a 90% premium to
spot added on. That would be another $1000 per ounce making $2150 per
ounce. Yet the Comex lists an ounce of gold for $1150 or $1200. Almost no gold
is available anywhere in a decent amount, yet gold falsely trading at
a paper price. Did you say FRAUID by th U.S. COMEX. Fraud by the
Agencies reporting the price.
You the reader, are being treated to
a colossal FRAUD which is simply not sustainable. Our total monetary
system is going to collapse and the elites are buying a little more time until
all hell breaks loose .At some point the paper price will have to meet and
catch up with the traded bullion price in Asia Does not the reader understand
that everyone, every country is
clamoring for their gold. ?? Or don't you know this??? France will be
the latest to try to reclaim their gold from London and the Fed.
The Dutch just took back from
the U.S. 122 tons of gold (supposedly). Yet how is Germany, which is
owed 1500 tons of gold and has asked this back from the U.S., just given 5
tons ?? Everyone, now France, is clamoring for their gold to be returned
from the U.S. and London banks By asking
for their gold back, all these countries are screaming that they do not trust
the U.S. any longer That gold and silver are money and the U.S. dollar is a
fraud. Doesn't the reader understand this???? The dollar
becomes a FRAUD when unlimited trillions are printed into existence.
But when people mention the current
price of gold to me I ask them what is the purchasing power of one 1929 U.S.
dollar?. Of course most do not know that it is now just one penny. Twenty 1929 US dollars was 20 cents in
1929.. Now take a $20 dollar gold piece, which in 1929 purchased the same goods
as that $20 US paper dollars and instead of two cents it buys at present $1150
dollars. And surprisingly if I mention this to anyone under the age of 40, they
cannot comprehend what I am talking about. And that is what your U.S.
government is counting on. And that is what this fellow, Gruber, who devised
the Obama Health Care Bill keeps stressing. This health care bill is full of deceit but the public
is too "stupid" to comprehend this. A direct quote. And this is what
I have said so many times in past letters. Not that the reader is stupid, but
the general public simply does not comprehend what is taking place in this country.
And that is what this MIT
professor is talking about when he says, quote" The American voter is
stupid" when discussing Obamacare, which he was paid $400,000 to formulate
the law.
How many times have I said in my Remarks that Obamacare is
nothing but a tax bill and the worst piece of legislation in my memory. This
bill is not sustainable. You cannot go across state lines to
compare medical insurance policies. Mr. Obama cannot remember this MIT man who
was at the White house at least 20 times. So let me repeat what I have
said before in my Remarks, The Obama Health Care Bill is the biggest FRAUD ever
perpetrated on the American people. The biggest FRAUD by any U.S.
government. I often ask myself, how many lies can one person tell the
public day after day.?? Whether one is a Republican or a Democrat, it is a lie told every day. Every
Democratic senator who voted for this bill has been voted out of office.
But,as mentioned so many times by
me, there is another element that creates this "Something for
Nothing" Society or this mentality and that is the MAIN STREAM MEDIA
that reports misinformation as facts and blacks out or censors critical reports
of public or private wrong doing. The Politbureau of the Soviet
Union, Xinhua of China, the Ministry of Information of Nazi Germany are just a
few examples. In the U.S. and Europe it is known as the Main Stream Media.
Controlling the minds and thoughts of the public is as old as man.
This Main Stream Media used to be
quasi monopolies on information before the Internet. These are very powerful
tools to manipulate the unthinking part of the public. You can look no further
than modern day Russia whose economy is failing, living standards are declining
and the public victimized by official cronies of the kremlin. Now investigative
journalism is virtually extinct and bad news is blacked out or totally altered.
It is all politically "sanitized" by editors who do not agree with your need to know in order to better
conduct your affairs or who to vote for. They are also bribed and paid
off. Government stealing is now only reported by accident, whether you
look at the national debt, politically correct economic reports, the hoax of
climate change, the state government finances, regulation, inflation, are all
now politically correct reports rather than the correct facts which may cause
the U.S. government trouble in future elections.
"Whoever controls the media controls the mind" The main stream
media is owned by the same elites which control the banks and government.
Now due to the poor quality of education the low information people cannot sift
through the media reporting and separate the truth from the lies.
Make the middle class into serfs and
slaves to the government and to the banks in one form or another. Let them go
into endless debt. Create the desperation for growth and personal progress in
their lives. You may not know it, but
your standard of living is in a free fall when properly measured in purchasing power. When do people wake up??? To repeat, the middle class is dying.
CURRENT ANALYSIS IS USELESS
The usual way to analyze all the
markets is through the use of graphs, charts, past history, currency events and
a host of other indicators. Using all these indicators, one then tries to
predict the timing of all the current events. That is the outcome.
All of these things are, in my
opinion, out the window. Your
government has illegally intervened in all of the current financial markets
through the use of many tools at their disposal.
The major tool is the use
of the financial futures markets ,
the use of unlimited production of cash money to buy stocks and thus raise
their price. That is they buy futures in the futures market through the use of
the Plunge Protection Team, which has at its disposal more than a trillion
dollars of paper money. If stocks are selling off, if there is a plunge in the
stock market, they move in to buy all the stock futures they want and whenever
they want. That raises the price of mostly all stocks artificially. This
is not done with gold mining stocks. To the contrary, these stocks are forced
down in price, which is why I believe some are as cheap as dirt. (More about
this later)
If your government wants to prevent
the price of gold and silver from going up, they sell unlimited
naked futures contracts in the futures market. It is important to your
government that they subvert the price of these metals so as not to present a
viable option to the paper dollar. Naked shorts are blatantly illegal.
Frankly, it seems to me that the
price of gold must be kept down at all costs. I have gone into this futures
selling before. Its all done on paper and it is the paper price which is taken
as the real price. The Comex is totally a paper trading market for the precious
metals. No gold is delivered. Only cash or paper
printed dollars. At some point in the near future, the Comex will be totally
discredited. A new gold and silver trading market just
opened IN Hong Kong
Consequences
of Gold Suppression
You have the consequence of driving
out the purchase of gold by Americans (gold going from West to the East
China, Russia, and India). China buys all the gold it can for bargain prices.
You have the ridiculous situation of the demand for the precious metals going
through the roof and yet the price of these metals keeps going down through the
artificial means of naked short selling. The U.S. Mint, at this writing, cannot
keep up with the sale of silver eagles and just closed down. October was the
largest sales of silver eagles in several years.
You have the consequence of the
price of silver and gold being fixed in a totally corrupt phony paper
market established by the corrupt bullion banks and ultimately by the U.S.
Federal Reserve.
You will have the consequence of
many silver and gold mines shutting down or hoarding their production until the
price rises to a worthwhile remuneration. Since the price is so artificially
low, the premiums on these coins will start to rise to offset the low price.
I do not think in all my years as a
financial manager, have I ever seen so much
FRAUD in one government.
Congress's approach is not to attack this illegal fraud and violation of basic
financial law, but instead to introduce many new laws ( such as Dodd Frank)
that are extremely expensive to enforce, to adhere to, and in most cases do not
take care of the FRAUD. Indeed, we already have sufficient laws on the books
for the SEC to prosecute what is going on but this SEC looks the other way,
never to prosecute the big bankers, and only issues fines that are mostly
considered a nuisance.
Indeed, one of the biggest FRAUDS in
the finance business is the Attorney General himself, Eric Holder who was
convicted of Contempt of Congress, but nothing has been done about this. The
major officers of the banks consistently get off the hook. Only the smaller fry
are gone after, many are suicides, or killed outright. The big banks pay fines
that they can easily meet and are willing to meet because it is such a small
part of the money they made committing FRAUD.
Thus, trying to predict or figure
out the timing of the day of gold's rise seems to me to be futile. Gold really should be about $3000 an
ounce from the amount of unlimited money printing that has been going on from
the continuing decline in the purchasing power of your dollar. What I can
predict is that our national debt will be $20 trillion by the time Mr Obama leaves office, two years from
now. In his tenure, he will have doubled our national debt, more than any other
president in our history, and more than all the presidents accumulated
together. This is a man who promised to cut out national spending in half when
he took office.
In the past few months I have had
little inclination to write an investment letter because I think to myself, what's the use? There is nothing out
there that is legitimate or not lied about, with the full complicity of the
U.S. government and 90% of the media. Not a single financial fact is truthful. . All figures are
massaged, artificial, not meaningful. The lies being told to a gullible public
get bigger and bigger. The more government figures one relies on, the more you
will get hurt in the future.
The basic thrust of this government,
this administration is to maintain the status quo, to keep you in the dark as
to what is really happening, and for those in power to steal as much as they
can. I always get the question as to how long can this stealing go on, and I
have no clue because the public does
not realize it. Our national debt is growing by leaps and bounds. We
are already at 105% of GDP; we already spend $1.5 trillion dollars over budget
each and every year. Your government presents the budget deficit at around $500 billion when the actual budget
deficit is three times that and will be that way for as far as the eye can see.
But no one seems to care. What people also do not understand is that the
interest on this debt is compounding. Even if it is around 2-3%, the interest
of $18 trillion is huge and growing. Shall I mention national bankruptcy.???
I hear talk of higher interest rates
in the media when such a thing is not possible without bankrupting this
country. Wake up to reality. The higher the interest rate expense, the
more money that must be printed to keep the entire economy going. Every 1% rise
(to repeat) equals $270 billion in added budget debt. And yet the same crap is
repeated over and over again. A false unemployment rate, a false deficit, a
false GDP, a false inflation rate, even with the price of gas going down.. The
rise in food prices, medial expense, school tuition, etc far exceeds the
price of gasoline going down. Expenses keep going up and salaries are
stagnant A prescription for personal bankruptcy.
We have a nation that is completely
falling apart,and a brainwashed people.
Anyone who is not brainwashed surely must realize that everything is controlled,
every financial figure coming out of a corrupt Washington is false. All
government numbers given to you do not make any sense any more. Are you brainwashed????
QUANTATIVE EASING ( To
infinity)
Two words that mean a printing (buying)
of $85 billion each month of securities that either no one wants, defaulted
securities that are owned by the banks, or Treasuries that can no longer be
sold overseas because foreign governments are up to their eyeballs in these
Treasuries. We thus have had QE one, two, three and we are told that this
buying will come to an end. Yet another
lie. That is a repeat from many past Remarks.
Your
government can never end QE. They must
print money to infinity. It can never be halted or even slowed NEVER AS IN NEVER. What does the reader not
understand about the word, NEVER?? The U.S Fed is in a deep and
dark corner and has now no options left but to print endless money or face a
country in total collapse. Your government has no ability to halt this coming
systemic failure which is still in progress. All the central banks are printing
endless FIAT money just to stay alive, to pay our bills To repeat,. What part
of NEVER does the reader not understand??? We must print money in ever greater
and greater quantities. Gold and silver is the only thimg that can survive this
printing or the going to WAR.
The ultimate collapse cannot be
stopped even with WAR and major bond fraud, stock manipulation and gold
suppression. If you have gold and silver, some day you will thank your lucky
stars that you have it. The entire U.S. financial edifice has become fully
dependent on the printing of money out
of thin air with nothing to back it up. No net income, no gold as a
reserve, just the printing press. The U.S. is a pathetic heroine addict fully
dependent on larger and larger doses of printed paper to pay its enormous bills
The U.S. has unmanageable DEBT as our great and bloated welfare state grows
ever larger. At some point the U.S. T bonds will be dumped by many foreigners
as the dollar declines rapidly in value. They are doing it already. When will
people understand this???
How does all this come to and end??
Right now, the Chinese, Russians, and India all buying gold as fast as they can at this bargain
price. At some point the U.S. or London will no longer be able to
deliver gold or silver in the amounts or at the price espoused by the corrupt
Comex. Then China ( at some point) will announce one fine morning that they
will buy gold and silver at let's say $2000 an ounce for gold and $50 an ounce
for silver and that will end the Comex and all the metals suppression. But I
cannot tell your this date nor will I try anymore. When they make this
announcement of a higher offer for gold, the entire game is over for the U.S.
THE TOTAL DISCONNECT
There is no relation between the
current price of the price of gold on the COMEX at 1170 and the price of gold
being trading in Asia. The price people pay for gold and silver in Asia is
nearly twice that in the U.S. That is if they can get the metals. The
disconnect between "price and supply" is exactly what an Austrian
economist would predict. If you price filet mignon below that of chicken, the
supply of filet mignon will eventually disappear. That is what you are seeing
with gold and silver. Price does not
matter if you cannot get any product
just as supply does not matter if the price is too high. Too high prices
will eventually bring out more supply. Too low a price will eventually shrink
the supply or the availability. The current low price for gold and silver will
create excess demand (as now with all the Asian countries) and also cause a
shrinking supply since mines cannot make a profit at these low levels.
While Comex can hand has created
this low artificial price, they cannot create the supply necessary to satisfy
the greater demand. Why would any gold or silver mine sell their product
at a price lower than it cost to mine the ore and make a decent profit. What
the COMEX has done by forcing the price too low is to have set in place the fundamentals
for a "re-pricing" in explosive fashion.
TODAY"S STUDENTS
We now teach our students Government
dependence, and that this is acceptable as a lifestyle, not something to be
avoided and totally shameful. We teach that personal failure is not their
fault. They thus believe that they are the middle class and just by showing up
are entitled to the various rewards that go to those that work hard, take care
of themselves, live a prudent life style, save some of their earnings, and
serve others the most.. This has been the recipe for personal success which has
served the developed world so well in past years'
Now NONE of these virtues is taught
in today's schools, thus students no longer give these things any thought or work to achieve them
unless taught so by their parents. Indeed, 71% of all fathers disappear in
the black community. Now, almost a half a century, since the Department
of Education was created, legions of citizens are on one form or another of
Government assistance or relies on it to supply or supplement their incomes
which they can no ;longer earn due to a general incompetence, the
inability to support themselves,, or weakness caused by economic policies of
our centrally controlled federal and state governments.
We thus produce expanding
generations THAT ENTER AND EXIT THE PUBLIC SCHOOL SYSTEMS which build and
expand constituencies of Socialist
Know Nothings. These are the people who will vote themselves
larger and larger amounts of money from the public troth. Look closely at the
breath taking climb of those on the dole in one form or another..
Your government does not take in
enough money to support all these people, so they must print endless amounts of
money to make up the void. They must constantly raise taxes on those that work. (I
own gold and silver instead of paper money) These know nothings are sucking
wealth out of the U.S. economy rather than creating any wealth. The President
and his supporters in Congress have literally exploded government dependency. The social safety net system is
and has been overwhelmed with responsibilities that the government has
chosen to provide. This, in my opinion, is part of the plan of your president
and his supporters to collapse the economy in a form of socialist
dictatorship. A Cloward-Piven strategy (why not look this up on your own)
There is no shame anymore connected
with government dependence as children are taught it is the norm, not their
fault, and are entitled to it. A lifestyle of living on the fruits of others,
Food stamps, welfare, disability, section 8 housing, Medicaid, Obamacare, and
on and on.
Legions of deadbeats who we support
by printing money
(I think I'll stick with my gold and silver)
Unsound money has allowed your
government to COVER UP poor economic policies and to grow government DEBT to
now un-manageable levels. It now requires about $12 dollars of new debt to
create one dollar's worth of GDP. The GDP (Gross Domestic Product) is for as brief
instant in time, but the interest owed on it compounds against the borrowed
alias the taxpayer and our children. Never reported in the media. This is
how the bankers take the public's money with their powerful lending operations
and transfers the money to themselves. The" bankersters" who printed
it out of thin air and then lend it to the public. This money keeps declining
in purchasing power, so far, by 80% since 1971
That is why you own gold and silver
at any price. Because gold HAS OUTLASTED ALL PAPER CUIRRENCIES. There is
no paper currency that has lasted more than 75 years in the same form or not
devalued. You remember that when you read about anyone dumping on gold and
silver.
You could substitute the words
Federal Reserve for the bankers. They print Federal Reserve Notes, lend the
money to the Public, charge interest on this money, and this interest goes to
the 10 rich families who own the Federal Reserve. To repeat
from one of my Remarks a while ago, The Federal Reserve is owned by foreigners, mostly, and is not Federal and not an American entity. But most people do not understand
this or what I am saying. ( read the The Creature From Jekyll
Island by Edward Griffin)
THE GOLD MINING STOCKS A Perpetual
Warrant
Gold and silver has been so
artificially knocked down so much and so far, that the gold mining stocks that
produce gold are at unreal prices.
They are at what I call" stock
warrant" prices A stock warrant is the right to buy a stock for a
limited time.in the future, let's say a year or two. They usually sell for a
few dollars up to about $10 dollars. Mostly in the few dollar re-manage, then
these warrants expire if the price is not reached.
Here we have the case of many gold
mining stocks selling at the price of a warrant, but a perpetual warrant because the stock has fallen to the price of a
warrant and there is no expiration date as this is the stock and not the
warrant. If you are willing to hold several of these very cheap stocks, As I
do, you always make money but patience is required.
These stocks can be volatile. Some
suggestion in which I have taken a position:
One such stock is the gold mine, Kinross,( KGC,) stock symbol
current price $2.80
In 2010 the stock was $18.50 or
about 600% more. This company has $978 million in cash and a market value of
$3.55 billion.
Prudential owns 92 million dollars
in this stock
First Eagle Investment owns $300
million of this stock
Vanguard owns $311 million in this
stock
Market Vectors ETF owns $191 million
in this stock
So I own a few thousand shares and
just wait and it will not matter if I wait a year or two.
As with the stock below. These
Companies were around when I was a kid.
Gold
Corp Stock Symbol GG Current price was $19,64
Current Market Capitalization is $16 billion. Price in 2010 was $45,
revenue was $3.6 billion last year Gross profit $1,062 billion
Agnico
Eagle AEM Current price $23.49 Current
Market Capitalization is$ 5 billion In 2010 the price was $78.00
This is an excellently run comp[any and has been buying up many other smaller
companies as has Kinross.
Barrick
Gold ABX stock symbol. The largest gold
mining company Current Market Capitalization is $13 billion, Current price
$11.49
price in 2010 was $50.19 Not a very
well run Company but a sleeper in my view now that the price is way down.
Could be bought out at this low price
Van Eck Gold owns $911 million
dollars of stock
Vanguard $126 million dollars,
Fidelity $76 million dollars of stock
Newmont
Mining Company NEM Probably one of
the better gold mining stocks. In 2010 this stock was $ 61 Currently
at $18.40 Market Capitalization at 9.18 billion
Nearly as large as ABX but much
better run.
State Street Bank holds $651 million
dollars
Market Vectors $561 million dollars
Vanguard $618 million dollars
Blackrock 370 million dollars
SGDM This
is the Sprott Gold Miners ETF
$17.79 High several years ago at $35
Contains about 10 of the top gold
mining companies The item to know here is that this ETF sells at a 29%
discount to net asset value.
Buy one of these or a smidgen of
each one, Put away and forget about them for a year.
Gold Miners are trading at multi
year lows
Gold Miners have under performed the
price of gold since 2011. When gold starts to take off, and it will, the gold
mining stocks historically have out performed the metal by a factor of 6 to
1.
Till Later
.
.
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