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Amidst the “worst economy of our lifetimes” – not to mention, the largest debt edifice in history –“bad things” are occurring the world round.  And sadly, the “bad” is about to get a lot “badder.”  In the past 24 hours alone, for example, I’ve read of accelerating military conflict in Syria – where I have not a clue what everyone from America; to Russia; Iran; and Saudi Arabia are so interested in.  I mean, geez, at least in Vietnam – where somewhere between 1.5 million and 3.5 million people died – war occurred under the auspices of the at-the-time universally feared threat of spreading Communism.  But as for the Syrian War’s “reason,” your guess is as good as mine.

Aside from Syria, I see countless articles about the collapsing U.S. shale oil industry – which, along with essentially everything commodity-related, will become a “front and center” issue as the third quarter earnings season passes – which, I might add, has gotten off to an horrific start, per last night’s brutal reports from perennial earnings fudgers Intel and JP Morgan.  Of which, as usual, Wall Street “analysts” got it massively wrong, as usual, by cheerleading massively overestimating America’s financial health.  Yep, another quarter of year-over-year earnings declines is at hand – amidst the weakest consumer outlook in memory; plummeting global trade; and Egads, yet another “unexpectedly” negative U.S. retail sales print, and “deflationary” PPI report (gee, I thought gold and silver were supposed to plunge with “deflation,” not surge above their respective 200 day moving averages).  And yet, the PPT is brazen enough to believe it can maintain the “Dow Jones Propaganda Average’s” all-time high valuation indefinitely, simply by printing money and buying stock futures.

The same earnings carnage, I might add, is on tap for miners of all kinds; particularly gold and silver miners, whose cash, personnel, and prospect drain following 15 years of incessant price suppression has left the industry in a state of emergency.  Yes, the past two weeks’ modest price increase has helped, but not enough to erase the damage caused by 15 years of relentless Cartel suppression – which has pushed real gold and silver prices to multi-decade lows, despite record high physical demand, record low inventories, and relentlessly rising supply deficits.  Heck, even the “Silver Institute” published a wildly-bullish silver article yesterday – of how global silver demand is at a record high level!  I mean, what’s next?  Silver optimism from Jeffrey Christian himself?


Fortunately, said suppression has – perhaps, permanently – destroyed the gold and silver production outlook; the latter of which, will see its declines “turbo charged” by the fact that roughly half of all silver production is the byproduct of copper, lead, and zinc mines – many of which will be shuttered in the coming months and years due to the massive oversupply caused by decades of Central bank-fostered economic “deformation.”

To that end, no one has more vocally spoken of its belief that “peak gold” and “peak silver” have arrived NOW than the Miles Franklin Blog – which is why it’s so rewarding to be validated, by articles such as this one published yesterday, of how Goldcorp itself is estimating 2015 to be the peak year of global gold production.  Which, a decade hence, is expected to plunge by a whopping 20%.

Again, it’s not like this prospect hasn’t been practically screamed by those in the know – like Barrick, the world’s largest (and most over leveraged) gold miner, whose production is anticipated to plunge by an incredible 40% in the next five years; and, according to JP Morgan itself, “even more a few years later.”  In other words, Precious Metals are set for historic, long-term production declines amidst an environment of already record high demand and record low inventories – as the world’s Central banks accelerate the “final currency war” to unprecedented levels, by hyper-inflating what’s left of the dying, worldwide fiat currency regime.


Which brings me to today’s extremely important – and entertaining – topic, of how common sense has been the “biggest casualty” of the world’s unprecedented foray into simultaneous, unfettered money printing.  Unprecedented, as never has not a single currency been backed by anything of value; and never has so many people lost sight of the forest through the trees, despite glaring evidence that the forest is not only right under their noses, but amidst a raging, Central bank-ignited inferno.  I mean geez, the fact that anyone still listens to Central bankers, Wall Street analysts, politicians, corporate CEOs, and the vast majority of “newsletter writers” is beyond me – given how nearly all have been wrong; compromised; or otherwise off base regarding their prognostications for as long as I can remember.  Particularly, since the global economy peaked in 2000, and broke in 2008.

To that end, let’s migrate to a topic near and dear to my heart – and this week, very near, and very dear, due to my lifelong devotion to the New York Mets.  I.e., baseball.  To that end, essentially all Americans are aware of the controversy spawned by Saturday’s vicious, leg-breaking slide of long-time Mets nemesis Chase Utley – who for years was a star player for the Philadelphia Phillies; but today, in the twilight of his career, serves largely as a reserve for the Mets’ opponent in the National League Division Series – the Los Angeles Dodgers

Utley, who broke Mets fans’ hearts for a decade while on the Phillies, has always been known as a “hard nosed” player, adhering to the “old school” style of play.  You know, where purposefully injuring others – like this, this, and this – was considered “acceptable.”  Sort of like a “safety” hitting a defenseless wide receiver as hard as possible, in some cases endangering his life.  Heck, in baseball alone, this play at the plate, from just four years ago – in which star player Buster Posey suffered a devastating leg injury – caused a rule change that effectively prohibits “bowling over” defenseless catchers.  And heck, last time I looked, baseball had rules on its books prohibiting the same thing at second base, where the euphemistically termed “take out slide” has injured countless shortstops and second basemen – where ironically, Chase Utley plays – for decades.  To wit, Rule 6.05 reads…

A batter is out when — a preceding runner, in the umpire’s judgment, intentionally interferes with a fielder who is attempting to catch a thrown ball or to throw a ball in an attempt to complete any play.  The objective of this rule is to penalize the offensive team for deliberate, unwarranted, unsportsmanlike action by the runner in leaving the baseline for the obvious purpose of crashing the pivot man on a double play, rather than trying to reach the base.  Obviously this is an umpire’s judgment play.

Whilst Rule 7.09 reads

It is interference by a batter or a runner when — if, in the judgment of the umpire, a base runner willfully and deliberately interferes with a batted ball or a fielder in the act of fielding a batted ball, with the obvious intent to break up a double play.  If this occurs, the ball is dead.  The umpire shall call the runner out for interference and also call out the batter-runner because of the action of his teammate. In no event may bases be run or runs scored because of such action by a runner.

Which brings me to Utley’s “slide” Saturday night; or better put, his vicious tackle of Mets shortstop Ruben Tejada – just one month after this pathetic attempt at a slide by Utley against the San Diego Padres.  Or heck, this Utley “slide” into Tejada himself, five years ago.  By the way, note Ron Darling’s commentary in analyzing Saturday’s slide, in espousing “he didn’t even start sliding until he was even with the bag,” and “this is a play you used to see a lot 30 years ago…but very rarely now.”

Yes, 30 years ago, when baseball players still held the neanderthal belief that injuring others was part of the game.  And oh yeah, when the aforementioned rules didn’t prevent them from doing so.  Which is why it’s so disgraceful when so called “experts” claim he was just playing the “right way.”  Or better yet, like he was “taught.”  And my favorite of all – which I heard countless times this week – was he was “doing his job” in breaking up the double play.  Which I agree with whole-heartedly – so long as he does it legally.  Frankly, it’s not much different than saying a policeman is justified in shooting a defenseless “perp” simply because it’s his “job” to apprehend him.  Yes, it is Utley’s “job” to break up double plays.  But there are rules governing such actions – which be it in baseball, high finance, or Central banking, have largely been ignored in recent years, in the aim of the “greater good” of “kicking the can” that last, tortuous mile.

Which, in the big picture, benefits very few – i.e., the “1%” – at the expense of everyone else.  Or in this case, the Los Angeles Dodgers – at the expense of the New York Mets; middle infielders throughout the entire league; fans who pay to watch a clean, fairly officiated game; and oh yeah, Ruben Tejada – who toiled for a decade to put himself in position for fame, fortune, and recognition, only to have Chase Utley end his season; weaken his contract negotiation leverage; and potentially end his career with a vicious, illegal slide.  And what angers me most – isn’t the fact that he wasn’t even called out, despite never touching second base; let alone, penalized with the automatic double play the rules call for (much as a football team is by a “personal foul,” which negates yardage gains entirely, and penalizes the offending team 15 yards).  No, it’s the fact that a day later, Major League Baseball suspended him for two games for the slide – in effect, admitting it was illegal!  And worse yet, allowing baseball’s “legal process” to delay Utley’s hearing until next week – i.e, after the Mets/Dodgers series is over.  Yes, I know.  I’m not stupid enough to realize the suspension was principally motivated by the desire to prevent retaliation by the Mets in Games 3 and 4, rather than to actually mete out justice (you can bet your life his appeal will be successful).  But what do you know?  Games 3 and 4 were played Tuesday and Wednesday, and not a single Met “retaliated” in any way, shape, or form.  Why, you ask?  Because, as Ron Darling noted, Utley’s “old school” play has been largely removed from the game due to the common sense, courtesy, and self-preserving instincts of the vast majority of players, as human nature evolves as a race.  And oh yeah, those gosh-darned rules!

What’s the moral of this story, you ask – other than an entertaining jaunt into the inner workings of America’s “pastime” – which sadly, has been recently usurped by far more violent sports, such as football, automobile racing, and ultimate fighting?  Honestly, it’s more about the reaction to the Utley incident than its ramifications – in watching so many “experts” and “veterans” speak of such blatantly illegal and injurious actions as if they were not only acceptable, but encouraged.

But hey, if the financial media doesn’t even comment on the Federal Reserve “misplacing” $2.7 trillion of debt; or gold and silver being attacked on 90% of all trading days when the London paper market opens at “2:15 AM,” perhaps all is indeed lost on the common sense front.

That said, when gold and silver do inevitably break out – and said “powers that be” do finally lose control of the little they haven’t yet lost, my guess is that cumulatively, on a global scale, “common sense” will return en masse.  Which, I’ll bet, will “coincide” with the collapse of Central banking money printing efforts – for generations to come.