Monday, September 30, 2013

Dutch pension fund wins freedom from central bank meddlers

Today, GATA reports that the Dutch central bank was trying to tell a pension fund that it must (not should, must) limit its investments in “commodities” to 1% of total assets.  Of course, this made it convenient to categorize gold as a commodity (which it is NOT; gold is money) and thus limit pension fund investment in gold.  It is very telling IMO that the Dutch courts just ruled for the pension fund that it could invest its assets as it sees fit and not be limited by corrupt central bankers who are motivated to keep everyone invested in the fake money Ponzi. 

This occurrence is right in line with my long standing thesis that large institutions will begin carrying gold on their books again as assets.  This will include pensions, insurance companies corporations and even cities by the time the funny money re-balancing is done.  In other words, it is part and parcel of the ongoing re-monetization of gold.  What I think was so interesting about this is that their central bank had such rules in place to begin with.  Why their central bank should have any influence over how pensions can invest the money of the citizens stinks of scam, scam, scam.   People all over the world are clearly waking up about this “gold thing”.     You NEVER heard any talk like this back in 2007-2008!  Not a peep from institutions wanting out of the scam.  

Escaping the slimy clutches of the gold haters was no mean feat.  This pension fund had to fight the politically powerful central bank in order to win back its freedom.  I suppose that some faces have egg on them now and that some people in the central bank are probably not too happy about it.  The pension could not have done this (the courts would not have allowed it) if the people weren’t behind it.  Courts, it turns out, are little more than reflections of the mood of the herd.  They interpret laws in such ways as to not get lynched in the street should the people rise up suddenly.

The pension fund in question will not go unnoticed.  Others are watching, others will follow.  The herd is following the yellow brick road and it will lead them to the temple of OZ where the skinny little con man / money man sitting behind the controls will be outed as a fraud.  The old saying goes that if you want to find out the truth, follow the money.  Increasingly that money is gold.  Right now there’s only a trickle of institutional interest in gold.  It’s still for those on the fringes of the herd.  But not for too much longer folks.  The trickle of ice melting will turn into a torrent of river water as the heat is turned up on the global debt Ponzi.

Senate sells out the constitution again.

There is ongoing activity where the Feds are working to define who is and who is not a “bona fide journalist” for the express purpose of determining who should receive protection under the 1st amendment (as if only “journalists” have this right).   Here is a good backgrounder on the measure.  Today the senate approved this measure, aided by the cover of useless noise about a government shutdown.  Statists will ensure that government only grows in aggregate.  A permanent shutdown of large sections of the federal government would be a benefit to the people at the expense of the parasites.  So don't expect anything but short term theater from it.  Meanwhile, important things such as the dismantling of the constitution get little to no media coverage.  Go figure.

If this becomes federal law then the feds will use it as cover to go after anyone who is not on their “bona fide” list who does not toe the party line.  It should be perfectly clear by now that government has, can, does and will attack persons and groups which have different political views than those currently in charge.  It is not a conspiracy theory.  It is fact.  They admitted to it: the IRS got busted attacking conservatives and Lois Lerner (head of IRS) was force to retire as a result (as if that is good punishment – she should be in jail).  By the way, if you catch these people in 1 scam it is only reasonable to believe that 10 others have gone by unnoticed.  That is simply how crime works.

The redefinition of definitions and the addition of unintended clarifications (i.e. another application of sophistry) is how the con men slowly convince people to give up their rights.  It is of course a con job.  We all have the inalienable right to free speech under the constitution.  These idiots think that if they can slowly redefine the constitution that they can get the upper hand on the people.  While they might achieve their goal It is a fool’s errand nonetheless.

The constitution is what makes the United States “united”.  It is the tie that binds.  It is the social contract that convinces people to remain part of the experiment in government known as the United States.  Without it, the federal government has no legal or moral grounds to set laws or to enforce them.  Without the constitution there is no United States and, without the associated declaration of unity, all powers claimed by federal bureaucrats to tax and control the people will be ignored (or worse).  The con men running the show think they can have it both ways.  They think they can remove all the constitutional glue and not have the whole thing unravel.  They are willing to give that a try if we let them even though I assure you they will be very sorry if they ever succeed in their goals.

If any of your representatives are on this list of senators who voted to pass this attack on the first amendment, I urge you to email or call them.  Please tell them that trampling the constitution or limiting its effect to small, government selected portions of the population using new rules is a really, really bad idea not just for America but for their political careers in specific:

  • Max Baucus (D -MT)

  • Lindsey Graham (R-SC)
  • Michael Bennet (D-CO)
  • Barbara Boxer (D-CA)
  • Maria Cantwell (D-WA)
  • Thomas Harkin (D-IA)
  • Amy Klobuchar (D-MN)
  • Patty Murray (D-WA)
  • John Tester (D-MT)
  • Tom Udall (D-NM)
  • Kelly Ayotte (R-NH)
  • John Isakson (R-GA)
  • Tammy Baldwin (D-WI)
  • Richard Blumenthal (D-CT)
  • Roy Blunt (R-MO)
  • Kirsten Gillibrand (D-NY)
  • Claire McCaskill (D-MO)
  • Chris Coons (D-DE)
  • Mazie Hirono (D-HI)
  • Patrick Leahy (D-VT)

Friday, September 27, 2013

Intel stock collapse update

Here is the back link to the last post in ongoing saga of what I think the chart is telling me will be Intellegeddon.  The main chart in that post is reproduced to the left.  As you can see, it clearly predicted a dead cat bounce to about $23.40 (it assumed the 38.2 fib would be the target).   In fact, the current chart (below) shows that the chart hit $24.10 (which corresponds almost perfectly to the 50% fib retracement) before turning back down.

I can't make this up folks, the fib retracement lines are draw by an automated tool that I use.  I don't just pencil whip them in there because it fits my model.

In any case, I think the odds have increased that my initial model was correct which is to say that Intel is now in a major downtrend and that the first wave down has been followed by wave 2 up which has now likely peaked. If the chart continues to follow this model, and I think that it likely will, we are now working on wave 1 of 3 down.  I think that it will be confirmed to be a 3rd wave when the green long term support line is broken at or near the location of the orange arrow.  That break down should occur with a gap down (AKA cliff diving) and likely with increased volume.  When the trading computers see that it is going to be a strong sell signal.

Again I say, Intel will probably not collapse by itself.  Misery loves company.  When the herd moves, it will likely treat everything as one market as Prechter likes to say.  That is because when the margin calls roll in on your crappy assets that are highly leveraged, you have to sell good stuff in order to pay off the margin calls.  Thus, all future talk that I expect to hear from market patsies and victims about "this crash is unfair", etc. is really for sheeple only.  There is no fair or unfair about it.  It is a gambling pit with few real rules.  Most of it is controlled by some loosely enforced guidelines posted on the wall which are torn down the minute it no longer behooves the establishment to have such guidelines present (such as the indefinite suspension of FASB 157 mark to market "rules" back in 2009 referred to by the fed as "regulatory forbearance").
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