If The Doc had to recommend a single subscription newsletter, Jim Willie's Hat Trick Letter would be it. Willie cuts through the BS like no one else, discussing The Fed's ongoing & unending QE behind the scenes in his latest public update. The US Federal Reserve has fooled a lot of people into believing that the grand monetary pump and debt monetization project has been put on hold. The only thing that changed was their talking publicly about it. The money press has been working to the limit, never stopped. The discussion has been kept quiet, but the machinery still makes a lot of shrill noise. The proof is not movement of lips by central bankers, but the data from the monetary aggregate. The data is compelling in calling them out. The conclusion to reach is that Quantitative Easing has become the norm, the foundation policy, the emergency action to prevent implosion of the US banking system. Hyper monetary inflation is the New Normal.
The grand divergence is moving along apace. The physical gold market price lies 10% to 15% above the corrupted paper gold market dominated by futures contracts. The MFGlobal event concealed a default failure, whose details will come to light gradually. The physical silver market price lies 25% to 35% above the corrupted paper silver market dominated by futures contracts. One can only wonder what the prices would be without the permitted pilferage that has recently occurred. Watch how much premium the Sprott Fund must pay in order to locate and cart off the new silver allotments. Better yet, watch the battle to win approval of the expanded purchase, since sure to stress the physical market to the extreme. Remember that JPMorgan is the operational arm of the US central bank itself. The media and regulators are doing their level best to keep JPMorgan out of the direct involvement in the investigation, but their fingerprints and footsteps are all over the crime scene. The price divergence will continue to grow and widen until the COMEX is shut down, from lack of inventory and a swamp of client lawsuits. To stay open, the exchange will require another event before long. Only the most extreme of measures can prevent Gold & Silver from reaching their proper value, all in time. The extreme events have an obvious motive to conceal the exchange failure unfolding. Many have openly wondered what it would look like. It looks like this.
When the Powerz and Technocrat generals flip the switch and make the decisions, Gold will then go to $3000 then rest, then go to $5000 later on. Similar for silver, going to $80 then rest, then go to $150. In the interim, the objective is to beat down Gold & Silver by whatever deception.
THE ONLY THING THAT CHANGED SINCE JUNE 2011 WAS THE USFED DOES NOT TALK ABOUT THEIR VAST MONEY PRINTING AND DEBT MONETIZATION. THE DULL MENTAL CAPACITY OF THE MASSES IS ASTONISHING.
TAKE A LOOK. THEY NEVER STOPPED PRINTING MONEY.
The Operation Twist was a USTBond redemption plan built around QE3 designed to buy all what foreign central banks sold. They sold it as a pause in the pattern. Dull witless people bought the notion. The Jackass called it for what it was from the start, a smokescreen to cover for foreign bond sales. Foreign creditors were big net sellers of USTBonds. It is right there in the data published by the same liars at the USFed and USDept Treasury. TAKE A LOOK. THEY NEVER STOPPED PRINTING.
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