Let’s face it. Even the world’s greatest authors get “writer’s block” from time to time. Whether I’m “great” or not is debatable, but I’m certainly amongst the financial world’s most prolific – having not missed a day of writing in at least two years. Between podcasts and articles, I have posted roughly 300 entries to the Miles Franklin Blog this year alone; and well over 1,000 entries in the four years since I joined the firm – each of which, possessing the same combination of “blood, sweat, and tears.”
Going back to the early 2000s, when my articles were posted on the GATA website by Bill Murphy, I’d guess that no less than 1,500 of my “entries” have been uploaded to the internet; as always, free of charge. To that end, until joining Miles Franklin in October 2011, I was never paid a cent to write about Precious Metals, financial markets, and the global economy; and that includes my nine months at Torrey Hills Capital – when I was paid to consult with junior mining companies, but chose to write on their “Baby Bulls” website for my own edification.
Why do I so passionately – and relentlessly – write about such topics? Well, aside from furthering my career – and venting my frustrations – my desire to empower others with TRUTH is as powerful a motivator as any other. To that end, I cannot thank Richard Russell, Jim Sinclair, and Bill Murphy; who, when I was new to this sector in the early 2000s, empowered me with the truth about gold and silver, market manipulation, and long-term trends. And whilst all three still write today – 13½ years after I went “all-in” to Precious Metals – I am honored to have been, at least partially, “passed the torch” of empowerment, with no better platform to spread it than the Miles Franklin Blog.
However, as noted above, I am by no means a robot. And thus, amidst a week when the “bots” have taken over financial markets, my mind is begging for a break. After all, how many times can one speak of “2:15 AM” EST and 8:20 AM EST COMEX-opening Precious Metal paper raids – on days when not a shred of “gold negative” news abounds? Whilst simultaneously, the “President’s Working Group on Financial Markets” gooses stocks – amidst collapsing retail participation, economic data, equity “breadth,” and the parasites known as “activist shareholders?” And of course, the newly formed “oil PPT” pathetically attempts to save the un-savable commodity complex?
To that end, how often can one write of how – objectively speaking – Central banks have destroyed the global economy for generations to come, via a fiat currency regime that has failed every time it has ever been tried. And never more so than today – when not only is the entire world untethered to monetary collateral for the first time in history, but satanic “financial engineering” has leveraged this “economic TNT” from fission to fusion?
Amidst such widespread economic destruction, the age-old, unwavering result of oppressive, draconian governments has been fostered – on a worldwide basis. And nowhere more alarmingly than so-called “first world” nations and trading blocs – where even “too big to fail” banks are insolvent; the Middle Class is disappearing; and economically destructive socialism is rapidly becoming the dominant political model. Regarding the latter, by the way – just hours after publishing yesterday’s “Obamacare, the bullet to the head of the 2016 economy,” I came across this terrifying article – of how the massive health insurance premium increases I and millions of other families are experiencing today are just “jacks for starters.”
Meanwhile, overtly Communist nations like China and Russia – which briefly dabbled in “capitalism” when the history’s largest, most global money printing scheme activated their leaders’ respective “greed genes” – are going right back into their isolationist shells, portending an acceleration of the unprecedented economic carnage that has been gaining “strength” with each passing day since history’s largest fiat Ponzi scheme broke in 2008. Even if, LOL, they pretend “all’s well.” Believe me, it’s no coincidence that geopolitical tensions with China and Russia are escalating; as desperate times call for desperate measures, causing desperate governments to execute desperate strategies to maintain power. And all along, the propaganda utilized to foster such strategies heightens, polarizing billions of observers worldwide.
Or that “revenge of the people” movements are exploding – as in Greece; Brazil; Catalonia, Spain; Scotland; Switzerland; and the UK, to name a few – as disenchanted citizens desperately seek to recoup not only their financial prospects, but the freedoms draconian governments are stealing from them at an alarming rate.
Or that, no matter what lies and propaganda the powers that be spew regarding economic “recovery”; QE “tapering”; or LOL, “imminent rate hikes,” the trend is inexorably down – for commodities, currencies, and global trade. And particularly here, in the supposed “epicenter” of economic recovery; where geez, mere days after the horrific 1.5% third quarter GDP print was posted (with “healthcare” being the economy’s strongest sector), the Fed has dramatically reduced its fourth quarter GDP estimates. Which is why it’s so unfathomable why anyone still believes the Fed will raise interest rates, no matter how much “cushion” they think they have following October’s historic, unfathomably unsubstantiated stock goosing. To that end, if they are stupid enough to shoot themselves – and the global economy, and monetary system – in the head with such an arrogant, suicidal move, it will only accelerate the demise of the rapidly waning “control” they have over collapsing global financial markets and economies.
Atlanta Fed Q4 GDP Forecast Tumbles From 2.5% To 1.9%
Last but not least, there’s the suppression of gold and silver prices that has gone parabolic since “dollar-priced gold” and silver peaked in 2011, prompting Central banks to go “all-in” with a manipulation scheme unparalleled in history – for Precious Metals, stocks, bonds, and essentially all financial markets. Consequently, as the historically “deformed” financial system and economy has collapsed further (no better described than here and here), physical gold and silver demand has surged to record levels; whilst above-ground inventories have imploded; and the mining industry taken to the brink of collapse (just wait until the year-end write-offs and mine closures, if prices don’t significantly rise by then).
Which is why, with each passing day, the timeline for the “end game” of reality’s inevitable victory moves closer and closer. And why, holding the only assets historically proven to protect one’s net worth against such hostile economic and monetary forces, I enjoy the “sleep of the just” each night.
Sorry if I was a bit disjointed this morning. However, given how “speechless” I’ve felt since last week’s vile post-FOMC Cartel raids, I think I did a pretty good job!
Speechless? I reached that long ago. I don’t want to come across as unthankful, I do appreciate all the work and effort you have tirelessly plowed into the task of educating all of us. I think it’s safe to say most of us have reached apathy or even capitulation. Not that we are dumping our PM holdings, far from it, but I have given up on the idea that any of us can change or save the current system. I don’t even bother trying to educate the slumbering masses any longer because frankly, if they haven’t seen the light yet, they should get what they deserve. Sorry to be callous but this has gone on far too long and I’m not sure if the masses will ever wake up. Of course it’s a hard sale to make when they have been rewarded with huge gains in the stock market over the last 7 years while we hard money advocates have been shredded to pieces with egg on our face time and time again. I’m just frustrated! I do appreciate your fact based writings but I’ve had it with the constant drum beat from others constantly saying we are 3 months away from the SHTF moment only to be disappointed (thankfully?) 3 months latter but then new info comes out to start the whole process over again. I would like to move on and simply live my life but the cold hard facts of the crumbling economy all around me make it difficult and that leads to more anger, confusion and frustration as to how could the masses still be asleep? Sorry for the long post.
Mark, thanks for writing this. You’ve taken the words out of my mouth, and I’m sure of many more.
I had personally been very silent on Andy’s blog for last month, because I myself have been with your sentiment since September. After the August shocks, everything was expected to collapse in September on cue. Actually, a lot earlier like in 2011 itself; but surely last September. After being so disgusted after September, actually I started investigating immigration to Singapore….because I just can’t take it, the levels of moral / ethical / financial / spiritual decay this country has fallen into. Unfortunately, wanting to immigrate to Singapore is easier said than done. It’s a big challenge, and not a straightforward process at all. Looks like we’re stuck in the cesspool here to see out the worst of times. Don’t know if Andy wanted to censor my communication about wanting to immigrate to Singapore, or what. But I just stopped saying anything in my disgust about how far, and in what magnitude they have continued the charade going.
This is the despair and capitulation phase where even the most convinced can get tired to throw in the towel. Not always because they lose their conviction, but sometimes out of necessity.
Case study: Imagine a parent who saved money in precious metals 4 years ago to pay for kid’s college education starting today. Knowing the precarious condition the world was in 4 years ago – US debt downgrade, Euro on verge of collapse – would that have been the best decision for him to save money, the correct way? Of course! I’ll still say, it would have been idiotic and dangerous for such a parent to play with fire, gambling money for his kid’s college in stock market casino, or even in a fiat-trash money market CD. But 4 years later, what is such parent faced with when he’s in need of liquidity? Where is the justice in such an immoral and unjust world for that dad?
Truth is treason in an empire of lies. Lady liberty and justice get crucified or burned at the stake in an unjust world.
@Theravaida – I echo your thoughts and sentiment 110%. I moved into precious metals back in early 2011 for all of the reasons you stated. At the time, I had a nicely rounded basket of blue chip equities including Disney, Pfizer, Microsoft and Hasbro just to name a few. I liquidated most of that portfolio after discovering Andy’s work among others in the PM community. It seemed like the most logical and sane move to make at the time and I preached to my friends and family to do the same. Well thankfully very few of them listened to me as I have pretty much lost all credibility when it comes to investing as far as they are concerned. Not only did I miss out on the massive run up in stocks I also overpaid for my silver just like anyone else that bought around that time. It doesn’t matter that fundamentally I know I made the right decision when I am staring at huge losses. It is beyond frustrating and the people I know that stayed in the market are laughing all the way to the bank. They are now telling me “I told you so.”
With all of that being said I no longer get upset watching the incredibly blatant cartel attacks as I have come to expect them. There is nothing we can do but watch the puppet masters at work. The latest FOMC smash was something truly to behold. They did not even try to hide what they were doing. It was robbery in plain sight. Simply disgusting.
Fortunately for me I am relatively young at 38 so I have plenty of time to recover financially from the disaster that has ensued over the past four and a half years. I make a good income so I don’t have to sell out my PM’s at a loss just to pay the bills. I feel truly sorry for those that do not have that option. It breaks my heart to know that they made the right decision but due to the totally corrupt and criminal cartel they have lost out on perhaps their life’s savings. God bless them and hopefully one day we will all be vindicated in this.
Keep up the great work Andy. You are one of the very few voices I still listen to out here in the fog of lies.
Thanks Anthony. More power to all of us.
a
It’s truly astonishing how they (TPTB) have been able to keep it going this long. I know that our day is coming.
Andy,
Your writings are grealy appreciated. You have educated some and hopefully others will get the message soon.
Please keep up your efforts so main street can stay informed.
HI Andy,
All is not glum! Turg Furgenson released a call 2 weeks ago saying the comex shorts were getting ready to smash gold and silver. I just waited for the opportunity to buy more discounted gold and silver. Bought some today! If an investor follows the cot structure and buys after smashes then all is well. Be wise, use this crooked market to your advantage. Physical demand around the world is huge and getting stronger by the day. These selloffs are perfect for long term players.
Hey John,
I hope all’s well!
a
ITS MONETARY WAR YOU WIN WHEN YOU WIN NOT WHEN YOU WANT
I am kinda burned out too. I no longer follow the markets daily, I just read Andy and Bill holter on a regular basis and my daily YouTube subscribers for anything interesting. I know what I need to know, preparing best I can and just living as best as I can. It will happen when we least expect it is my guess. If it’s going to be worse than the Great Depression I hope what we got lasts a few more years
Speechless
I too am speechless. What can you say to those market manipulators who keep levitating the stock markets and printing money to shore up the massive leaks in the system while saying they are not printing money. I can’t read everything like I used to either, just follow Bill Holter, Andy, and several others as the news is truly nauseating. When I start screaming at CNBC or Fox news stories my wife thinks I’m nuts. But my response is to turn the TV off so I can stop screaming. I don’t want what we got to last any longer, I’ll take the reality of the depression instead of this anytime.
TV? I have not watch that dinosaur in 6 months and can’t stand hearing it in background. Programming the population with garbage. YouTube, yes I watch/research what I want not what some media dweeb decides I should watch. People think tv was invented for entertainment, I think for mass propaganda now. I’ll never watch it again rest of my life. Will never believe anything from msm. I’ll never invest in paper assets again under this current system. Basically think for yourself, also includes dentistry and medical advice from the “professionals”.