I wrote yesterday that “Something Will Be Needed to Point At” in order to blame or explain a market panic. Over the weekend, Zerohedge posted an article written by a writer who goes by the name “George Washington.” The article speaks of 28 pages of the 911 commissions report which is currently “classified,” there is now a movement even within Congress to declassify it.
I won’t get into the “911 debate” as to what or how it happened, I have my opinion and you have yours. I will say the commission itself was clearly hamstrung to truly investigate and no matter what the classified 28 pages say, they are most probably not complete truth or possibly even just plain wrong. Rumor has it (I normally don’t like to deal in rumor but this is logical) that Vladimir Putin has the Snowden files which “outs” what really happened. If this turns out to be true, what will happen to the “faith” part in the phrase “full faith and credit” of the U.S. government?
While reading the article, something else kept crossing my mind. The “fear” is that Saudi Arabia will be implicated in some fashion. Do you see where I might have been going while reading the article? First and foremost, this report may point a finger directly at Saudi Arabia. Whether they had any participation or not is immaterial in my opinion. If they did, declassifying or delaying declassification of this report may be a bargaining chip used against them. When I say “against them,” I am talking about the possibility Saudi Arabia begins to accept currency other than dollars for their oil. Hanging this report over their heads may have been a way to hold them in the petrodollar scheme, delaying it could also serve to keep them in the dollar game, for now.
Let’s look at this from another couple of angles. There has been speculation Saudi Arabia does not have the oil reserves they claim to have, is this true? Are they now of “less use” to the U.S.? Or conversely, pointing a finger at the Saudis as being behind 911 could be used as an excuse to go after them? If they truly do have the claimed reserves, Saudi Arabia would be a very profitable “conquest.”
From even another angle, the percentage of Americans who still believe the “official” version of 911 is now at an all-time low. The sheeple are stirring and there are now more whom believe it was a demolition job with many many more on the verge of either changing or making up their minds away from the official version. This could possibly simply be a distraction of some sort, we will see.
Think this through for yourself, I will help you with some questions that should be asked. First, why now? Why, 13 years later is this being brought up in Congress and even being reported on by the main stream masters of hide and seek? Have we set our sights on Saudi Arabia and their oil? If this report does come out and implicates the Saudis, what will their reaction be? Will they actually dissolve OPEC and accept non dollars? Or will they specifically NOT accept dollars any longer. There are all sorts of questions to be asked, I just personally cannot get away from the possibility of the Saudis being used as a scape goat for a system in panic. From so many different angles, the outing of this information can and will roil the markets, most obviously the dollar and Treasury markets. When this news first came out 3 months or so back, my first thought was “uh oh, is this how the plug will be pulled?” I guess we’ll just have to wait and see?
In other weekend news, proof positive of central banks from around the world trading (buying) stock futures has been uncovered. Have you wondered how the stock market has not had any serious corrections in the last 3 years? Wonder no more, central banks have dampened volatility and put their bids under stocks. In essence, they have been printing money out of thin air and then using the money to support the markets, Da Vinci I think would be jealous of this painting scheme.
While we now know for a fact that stock markets have been supported, the “ostrich society” continues to disavow any precious metal manipulation. Without writing a full article, I want to say silver is “foolishly cheap.” It is too cheap in relation to gold and roughly 20% below its cost of production. The current ratio is 66 silver ounces to one ounce of gold. Silver is taken from the Earth at ratio much closer to 15-1 which matches the ultra-long term price ratio. In my opinion, silver is THE cheapest or most undervalued asset on the planet …and one which central banks do not have any stockpiles of whatsoever.
I know you are probably thinking “what do these topics all have in common?” Simple, everything is rigged. You must ask yourself every single day, “what is truly real and what isn’t?” Stocks, bonds, commodities, news and information, elections or what have you, everything. Tying this back to the piece I wrote yesterday, when the “rig” fails there will be by necessity something to point at as to what went wrong. Saudi Arabia “defecting” from the Anglo banking system would surely fit the bill. I have believed for quite some time, Saudi Arabia will in fact move “Eastward” and ally themselves with Russia and China. In so doing this, the Anglo American banking interests can demonize them as “a” one, or one of many “causes.”
I obviously don’t know “when” but I can say the “rigs” will eventually fail, they always have and always will throughout history. If central banks have been levitating the stock markets, holding interest rates down and suppressing precious metals prices then it goes to reason we will see the opposite whenever the rigs do finally fail. We may see crashing stock markets until investors understand them as an exit from hyper inflating currencies …at which point stocks will bottom and explode upward. It also stands to reason we will see interest rates rising as well as an absolute panic into precious metals for safe quarter.
The rig in the precious metals arena has been the most egregious and I will say the most dangerous rig to the “riggers” themselves. I say “dangerous” because they cannot be printed to supply delivery requirements. Precious metals also have another “emotional” aspect to them which many if not all markets do not. You have heard the phrase “there is no rush like a gold rush”. This is because in times of panic or turmoil, the higher the price goes, the more the public will want metal. This is a funny anomaly but history has shown this very emotion to be prevalent at the worst of times. The problem for the banking system is the only way to calm a frenzied gold or silver market is by delivering metal for delivery. If metal does not exist, the price must go to a level that creates private supply (sales) from the sidelines. Your next question then is whether or not there is enough confidence in fiat for sellers to accept them? This is the big question, whether or not sellers can be enticed to sell and create supply. I personally suspect the answer at some point will be “no,” and as a result, several new asset backed currencies will be introduced out of necessity.
Bill,
You have had many very well reasoned articles in the past that give us new insight into the situation in the world, thank you!
Please don’t degrade your high ratings with such far-fetched conspiracy speculation like this. You are giving far too much credibility to our leaders’ abilities (especially the current ones!) to suggest they could pull off ANY grand complex coordinated plan. QE to infinity, PM suppression, stock purchases on a grand scale, manipulating employment and inflation numbers; all YES!! But these are obvious level 1 tactics(reactions)that anyone could come up with.
Any grand plans beyond this I believe are beyond their capability to conceive, much less execute and control. Obama is focused almost entirely on two things; golf and shifting money from the wealthy to the poor in any way possible. After all, that’s how you maximize votes and stay in power. Most of the time the simplest answer is the correct answer, esp when dealing with simple minded self-serving people.
Why is this “far fetched speculation”? If the truth, the REAL truth were to come out, would this create more “confidence” in the U.S. and our policy? Might this be the straw that turns sentiment of the world to calling the U.S. “liars”? Is this “dollar positive” were it to come out? I will not get into a debate as to “what” exactly happened, as I said, you have your opinion and I have mine …but …the official story cannot be scientifically true. All I am saying is that the “true story” no matter what it is will not be “U.S. positive”. Let me ask you one question, if the 28 pages are no big deal then why are they classified? You and I as citizens should get to see them but we cannot for some strange reason.
Bill, you are absolutely right on all counts. How is it that TPTB can use Conspiracy and Collusion to extents that the World has Never known to Control All the markets of the World; Currency, LIBOR, Precious Metals, Stocks, Bonds, and Conspire to Control All Reporting Agencies; Government Statistics, Main Stream Media, and yet TPTB could NEVER Conspire to bring down the World Trade Center Twin Towers and some time later Building 7 in the same complex? Without Conspiracy – NONE of this could happen.
NEVER!
Hi Mr. Holter, I believe you are correct. Many will not, for if they do, they’ll crash themselves. I know that, for a fact. No further explanation needed. I recently asked myself a question: “how will the people ever psychologically survive the act of selling their gold, assuming thát action being based on laughable downward comex price action?” I think they’re totally screwed for failing to man up. Some grown up men will have “to grow up again”. This is all scary. Everything will be a mess. This is about everything. I also believe to see some very well intended comments, rather a tribute to your art, than a questioning of it. Great appearance at Mr. Hunters platform. Great article. Mr. G.
thanks Mr. G.
Do you think the Saudi’s already knowing they aren’t ever getting their gold (from London/USA) might play into this as well? Also could there be information in that 28 pages about gold being stolen from the vaults under the towers? Thank you for touching on issues most other analysis won’t. Anyone that researches into what we are told to believe soon realizes that this reality is not what we are being told. Bottom line, beliefs do not equal truth.
Yes, I do believe the Saudis are skeptical of their London holdings and no, I don’t see any way that the gold under the towers are discussed in these 28 pages. If I had to guess, I would guess the 28 pages point a finger at the Saudis though I see no way this could have been possible. It would however whip up anti Saudi sentiment.
I read the same Zerohedge article in full. Yet I hadn’t thought of your insight: “Hanging this report over their heads may have been a way to hold them in the petrodollar scheme.” Quite interesting. Such a scenario explains a lot of things, to be sure.
I defend articles like this from time to time. If we don’t ask questions and explore alternatives, how will we get anwhere?
(Congratulations on the Hunter interview from me, too. You ought to provide a link to it here!)
Thanks Todd, we will have a link up later today or early tomorrow.
I have a weak, undeveloped theory that a new Caliphate Kingdom will be established in the Middle East and will issue a gold backed currency from gold received from petro trade when the dollar is replaced. This new Kingdom will take over global finance through the petro trade and subsequent hoarding of gold coupled with terror tactics and swift execution of any opposition. I think the world’s leaders will bow down (join) to such a force especially when the dollar impolsion is in full swing.
It is not impossible to think the royal Saudi family can be overthrown as the US declines in influence and food inflation continues in Africa and the Middle East driving more and more “common” people to rebel and take to the streets in protest. It’s been proven a tipping point and catalyst of social unrest is when food requires 40% or more of income. This happened during the Arab Spring in 2011, so why can’t it happen to an exponentially greater degree when everything really blows up? (Food inflation of course is ultimately caused by the exported inflation from the Fed’s screwed up monetary policies but that is another subject).
Let’s say the new Caliphate owns the petro trade, hoards and accumulates gold and then offers a debt jubilee to people or nations if they “convert” to Islam and pledge their support? And if not, then off with the head. I wouldn’t personally “convert” as a Christian but any observation of natural disasters or social unrest shows that the mob mentality is cruel, brutal and worships the god of survival. How will people really act in times of real distress? This isn’t our grandparents America that helped out family and neighbors during hard times and left their doors unlocked at night. This is a senseless, self obsessed America where tools for the worship of self and vain idolatry like Facebook and Snapchat have nearly the market cap of the global silver futures market! This is a shallow America that would rather hear about a celebrities photos being leaked than a quest for real truth to world events.
I appreciate your voice as an “expert” to willingly touch the “conspiracy theory” stuff despite the negative label of such things by MSM propaganda and academic ignorance. What is more absurb than pontificating such “theories” are those that think that it is crazy to assume the worlds leaders conspire together (conspire = arrange plans, often secretly) for more power, influence and wealth.
I don’t know how this really unfolds, but it will end badly. And there are some rabid looking banker rats scrambling on the deck and jumping into water while the masses sleep in drunken stupor below deck in self perceived luxury on this fiat ship named Titanic. And whether it is “conspiracy theory” or not, that iceberg will soon be “real.”
thanks Jeremy, I personally believe one way or another the Saudi Royal family will come down. Whether it be local unrest, ISIS or even U.S. backed, “they will be gone in the middle of the night” at some point and no longer support the petrodollar. I don’t agree with your initial theory because I believe it highly unlikely the Russians or Chinese will ever bow down to Caliphate.
Bill, Martin Armstrong latest http://tinyurl.com/l8vkyoy. What do you think of his logic? We won’t be going back to a gold standard because we’re headed for electronic money. Plus, gold standards have been attempted 100’s of times but fail due the cycles of markets?
no, they fail because under a gold standard money and credit are reigned in and the bankers cannot run wild.
as for Armstrong, he has been correct about the direction of gold not because of fundamentals or technical, merely because he bet in the direction of millions of unbacked and non existent paper ounces being sold in miliseconds. He says that “money” is simply to be used as a medium to purchase and not as a store of value. “Currency” is the medium whereas money damn well better be a store of value otherwise people will eventually abandon it. By the way, it was an effort by the gold people to get him out of jail, did he “cut a deal” about his “views” in order to get out?
What is truly real and what isn’t ?
The only answer to the first part of that question is GOLD.
yes
“I just personally cannot get away from the possibility of the Saudis being used as a scape goat for a system in panic”.
Bill I know you have watched the movie “Rollover” and the Saudi’s were the reason for the panic and they were dumping dollars. Also on the 911 thing, the movie “A long Kiss Goodnight” there was a part in that movie where they were talking about a false flag attack and blaming a Muslim as the culprit. They even spoke about killing 4000 Americans. 911 had apx 3000. Remember “Rollover” came out Dec 11th 1981 almost 33yrs. 33 is the highest degree of Masons, for them it means completion.
You asked “Why, 13 years later is this being brought up in Congress and even being reported on by the main stream masters of hide and seek”?
Because this is one of the Demonic numbers of the so called Illuminati. The 13 bloodlines that are so called elite and the number for their demonic sacrifices. None of this is coincidence.
Watch and please remember: Notice it was ARAB investors who started the chain reaction they said in the movie “rollover” below
https://www.youtube.com/watch?v=Qz4aJqT9V-Y
https://www.youtube.com/watch?v=-pQVZBtQ9cI
A Long Kiss Goodnight!
https://www.youtube.com/watch?v=WgD4t11Kwdw
THE SYSTEM WILL BE FINE, PROVIDING NOBODY PANICS!
He who panics first…panics best.