Thank You Jamie Dimon for Illegally Smashing the Gold Price Again

gork

They Doth Panic Too Much

The U.S. dollar is the most traded currency in the world, and growing according to the Bank of International Settlement. The Yuan is 4% of the currency trade. This is because the financial balance of the US is the strongest, legal and investor security is one of the strongest in the world, and the currency and capital markets are open and transparent.
- Lacalle: Why A "Crypto-Yuan" Won't Threaten The Dollar

It's the most traded in the same way that 98.7% of all buttcoin trades are speculation and not used for purchases.

The "financial balance" as Morgan Stanley said, is "worse than Greece".

Legal and investor security consists of JP Morgan and Jon Corzine raiding client accounts and then the wrong charges being deliberately brought against them.

The FED's "open and transparent" manipulation of the REPO market means it will be years before the publish who has been the recipient in the recent REPO blow-out.

But China's digital currency is intended to cover M0, so may not even be traded internationally.

And neither does China need a digital currency to collapse the "worthless paper" USD, which her petroyuan is being settled in. All she needs to do is settle in yuan and the "worthless paper" USD will have to be backed by something of value otherwise it will crater.

gork

Lies

The Shyster of Omaha continues to lose money.

‘Have they not heard or understand his simple investment philosophy that his made him billions’, Global Macro’s Evans says
- When ‘idjits’ mock Warren Buffett, the stock market could be in trouble

In fact, the Shyster of Omaha is the son of a goon & thug and stockbroker. His billions have been made the same way Adam Neumann has become a billionaire; by finding some crook willing to bid up the price of Berkshire Hathaway shares even as the Slumlord of Omaha has underperformed the market throughout his decade-long bet with Protégé Partners and throughout this century.

“When ‘market geniuses,’ who retrofit their analysis to price action, start trashing Buffett for lagging in this silly Tweet-driven, Fed induced MoMo [or momentum-driven] market it is usually a signal a big bubble is about to burst,” Evans explained in a recent blog post.

It's true! It IS a big, fat, ugly bubble. But the Shyster of Omaha is still LOSING money in real terms having underperformed cold, hard cash, which is gold.

And what is Evans's performance like?

gork

New Paradigm

Christie Ai on Boom Bust reports that China has revised 2018 GDP up 2.1%, before admitting that such revisions are not unreasonable. Ben Swann, representing the West, claimed this was for "confidence". Yet, it's obvious that China is understating her performance to support the Great Satan's "big, fat ugly bubble". It's not as though the ECB and BoJ have instituted negative interest rates and banksters in the EU and Japan are running out into the streets to get people and companies to borrow and be paid to borrow.

Ai then claimed that Christine Lagarde and Jerome Powell are "politicians" rather than trained lawyers.

Meanwhile, Ellen Brown claims that the FED Funds market has been replaced by the repo market. She claims this is because it's securitised and traditionally more profitable. But JP Morgan is, according to her, responsible for withdrawing liquidity, so the FED has returned as the lender of last resort.

gork

Never Believe ANYTHING Until It's Been Officially Denied

That's what they say in "rip-off Britain". They also say they're treated like mushrooms; kept in the dark and fed s**t.

The country’s imports of non-monetary gold slumped in October to the lowest in data compiled since January 2017, according to customs figures released Monday.
. . .
Indian demand is also in a funk, Capital Economics noted, with demand unusually weak during the Diwali festival that normally sees a bump in imports.
- China’s Frugal Consumers Pile Pressure on Gold as Economy Slows

But as Sprott Asset Management complains, prices for gold are "counter-intuitive"; they go up when they should go down; they go down when they should go up.

Given the tsunami of fake news, you could be forgiven for thinking they were trying to distract you. Several years ago, one article suggested the Shyster of Omaha should "suck it up" and stop talking about gold. Whilst the jewish-controlled, state-run BBC has satellite photos showing China erecting buildings and claims this is evidence of torture, the MI6 mouthpiece, Guardian, reports on a manga cartoon, depicting this alleged torture. That's like the cartoon that replaced the Zapruder film, despite the Zapruder film being an ACTUAL film of the assassination of JFK. Meanwhile a rabbi has rabidly interfered in poodle-politics by denouncing the former chair of the Stop the War Co-alition, Jeremy Corbyn. If only Corbyn was a draft-dodging, war-mongering war criminal like John Bolton, then he'd receive the Guardian of Zion award too! And war criminal, The Donald, would avoid an impeachment if he hadn't ordered a withdrawal from the Great Satan's latest illegal war, in Syria.

Just like that one bar wasn’t melted to ‘obtain a detailed picture of the fineness,’ an additional 4,399 bars weren’t melted ‘for ease of handling.’ They were all refined for one reason: to meet London Good Delivery criteria and make Germany’s gold reserves wholly liquid.
- German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System

Such conformity suggests an international agreement and an increased need to trade gold, otherwise gold of arbitrary fineness could be traded on the rare occasions that it was needed. Saying that gold is the bedrock is an obvious hint that gold will become the monetary base. That is, the monetary base will not be "backed" by gold. It WILL be gold. Poodleville only has 310.3 tons but a monetary base of over £550bn.

And not before time too. Consumption is over-taxing the planet's resources. With China (and soon India's) economy recovering, there simply isn't enough to go around. Isn't that the reason for the global-warming/climate change scam? Jerome Powell has just stated that Great Satan debt is increasing faster than GDP and that it is, by definition, unsustainable. This directly contradicts, Nobbled prize in Quackonomics winner, Paul Krugman, who claims the debt is merely owed to yourself (the Great Satan has about $12trn owed to other nations) and that the can should be kicked down the road.

Appearing on the Schwing-Schwing Show, Alisdair Macleod denies that gold will form the monetary base because it's too restrictive. Other gold bugs would point out that that's the WHOLE IDEA! Furthermore, Mark Carney has already stated that the IMF's SDR credit-note will continue to be used. As credit, it can be printed out of thin-air as and when needed.

gork

Never Believe ANYTHING Until It's Been Officially Denied

That's what they say in "rip-off Britain". They also say they're treated like mushrooms; kept in the dark and fed s**t.

The country’s imports of non-monetary gold slumped in October to the lowest in data compiled since January 2017, according to customs figures released Monday.
. . .
Indian demand is also in a funk, Capital Economics noted, with demand unusually weak during the Diwali festival that normally sees a bump in imports.
- China’s Frugal Consumers Pile Pressure on Gold as Economy Slows

But as Sprott Asset Management complains, prices for gold are "counter-intuitive"; they go up when they should go down; they go down when they should go up.

Given the tsunami of fake news, you could be forgiven for thinking they were trying to distract you. Several years ago, one article suggested the Shyster of Omaha should "suck it up" and stop talking about gold. Whilst the jewish-controlled, state-run BBC has satellite photos showing China erecting buildings and claims this is evidence of torture, the MI6 mouthpiece, Guardian, reports on a manga cartoon, depicting this alleged torture. That's like the cartoon that replaced the Zapruder film, despite the Zapruder film being an ACTUAL film of the assassination of JFK. Meanwhile a rabbi has rabidly interfered in poodle-politics by denouncing the former chair of the Stop the War Co-alition, Jeremy Corbyn. If only Corbyn was a draft-dodging, war-mongering war criminal like John Bolton, then he'd receive the Guardian of Zion award too! And war criminal, The Donald, would avoid an impeachment if he hadn't ordered a withdrawal from the Great Satan's latest illegal war, in Syria.

Just like that one bar wasn’t melted to ‘obtain a detailed picture of the fineness,’ an additional 4,399 bars weren’t melted ‘for ease of handling.’ They were all refined for one reason: to meet London Good Delivery criteria and make Germany’s gold reserves wholly liquid.
- German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System

Such conformity suggests an international agreement and an increased need to trade gold, otherwise gold of arbitrary fineness could be traded on the rare occasions that it was needed. Saying that gold is the bedrock is an obvious hint that gold will become the monetary base. That is, the monetary base will not be "backed" by gold. It WILL be gold. Poodleville only has 310.3 tons but a monetary base of over £550bn.

And not before time too. Consumption is over-taxing the planet's resources. With China (and soon India's) economy recovering, there simply isn't enough to go around. Isn't that the reason for the global-warming/climate change scam? Jerome Powell has just stated that Great Satan debt is increasing faster than GDP and that it is, by definition, unsustainable. This directly contradicts, Nobbled prize in Quackonomics winner, Paul Krugman, who claims the debt is merely owed to yourself (the Great Satan has about $12trn owed to other nations) and that the can should be kicked down the road.

Appearing on the Schwing-Schwing Show, Alisdair Macleod denies that gold will form the monetary base because it's too restrictive. Other gold bugs would point out that that's the WHOLE IDEA! Furthermore, Mark Carney has already stated that the IMF's SDR credit-note will continue to be used. As credit, it can be printed out of thin-air as and when needed.

Mishao

JD-evil.

gork

Yet More Moronic Investment Advice

Gold prices have returned to a bore-u-2-death mode, just above £1,000 and just below $1,500. It's not as though these crooks have enough gold to redeem all the paper funny-money at £1,001 and to buy back at £999. Poodleville has a monetary base of over £500bn and there are another $500bn in FX reserves denominted in Poodles too. Yet it only has 310.3 tons of gold with which to pay those claims.

Christine Lagarde said the "reset" would occur in 2020.

Peak gold has already been arrived at and Basel III implies that only physical gold rather than paper can be used for capital adequacy ratios.

China's petroyuan, is waiting in the wings for settlement in yuan which can then be used to buy gold on the SGE.

The gold bugs are imploring everyone not to hold paper-gold. Only 0.2% of trades on the CRIMEX are settled in physical and even then it's between bullion banks.

If you were playing a hand of poker, and were dealt a “pair of deuces,” would you push all your chips to the center of the table?
. . .
Investing, ultimately, is about managing the risks which will substantially reduce your ability to “stay in the game long enough” to “win.”
- The Difference Between Investing & Speculation

That's BS! In poker you know NOTHING about the other hands. In the markets you know something.

Risk isn't the ONLY factor. You also have to understand the fundamentals. For example, gold is clearly massively undervalued. But the risks include the fact that all the markets are rigged.

Then it offers: 10-Investing Guidelines From Legendary Investors
1) Jeffrey Gundlach, DoubleLine
“The trick is to take risks and be paid for taking those risks, but to take a diversified basket of risks in a portfolio.”

BS! As the Shyster of Omaha correctly says, diversification is a good policy for the ignorant. It also contradicts other claims in the article where it suggests you avoid risks.

2) Ray Dalio, Bridgewater Associates
“The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.”

Not necessarily! Gold has been a good investment, averaging over 8% in "worthless paper" USD since Nixon defaulted in 1971 and over 10% measured in "nitroglycerine" Poodles and STILL IS.

6) Howard Marks, Oaktree Capital Management
“Rule No. 1: Most things will prove to be cyclical.

Rule No. 2: Some of the greatest opportunities for gain and loss come when other people forget Rule No. 1.”

Total BS!


7) James Montier, GMO
“There is a simple, although not easy alternative [to forecasting]… Buy when an asset is cheap, and sell when an asset gets expensive…. Valuation is the primary determinant of long-term returns, and the closest thing we have to a law of gravity in finance.”

“Cheap” is when an asset is selling for less than its intrinsic value.

Not necessarily. If the best performing asset is as over-valued as everything else, you have no choice but to hold that asset.

8) George Soros, Soros Capital Management
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

Totally meaningless BS! It's akin to simply saying losing money is bad. His "reflexology" is also a statement of the obvious, suggesting war criminal, Giorgy Schwartz gained wealth via crime rather than talent.

9) Jason Zweig, Wall Street Journal
“Regression to the mean is the most powerful law in financial physics: Periods of above-average performance are inevitably followed by below-average returns, and bad times inevitably set the stage for surprisingly good performance.”

Total BS!