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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Gold, Silver and Unsuccessful Parasites

Commodities / Gold and Silver 2013 Aug 30, 2013 - 01:16 PM GMT

By: Dr_Jeff_Lewis

Commodities

Successful parasites do not kill their hosts, yet the currently parasitic banking system seems to be unsustainable for this very reason.

Like an ineffective parasite, the huge international banks have sucked the juice from and distorted their hosts — the economy, the financial system, and even the culture — to the point of a sudden collapse potentially occurring.


The Parasitic Bankers’ Offenses

In addition to just living off their hosts, the parasitic banking cartel has committed a series of serious offences against decency, fairness and general good business ethics when it comes to treating their customers and the general public. These include:

  • Quietly shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide.
  • Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them.
  • Cheating homeowners by working around laws meant to protect normal people from unfair foreclosure procedures.
  • Pledging the same mortgage multiple times to different buyers. This would be like selling your car and then collecting money from ten different buyers for the same car.
  • Pushing investments which they knew were terrible, and then betting against the same investments to make more money for themselves.
  • Engaging in unlawful "front-running" of orders to manipulate markets and take advantage of their customers’ trust.
  • Controlling the movement, inventory and supply of key monetary commodities like silver and gold.
  • Manipulating currency markets and promoting the idea that intrinsically worthless paper currency, without being backed by any real asset like gold or silver, is real money.
  • Fueling the rise of the trading machines, and effectively setting the financial markets up for an algorithmic or high frequency trading flash crash accident just waiting to happen.
  • Engaging in unlawful "Wash Trades" to manipulate asset prices.
  • Participating in various Ponzi schemes.
  • Charging veterans unlawful mortgage fees.
  • Cooking their books.
  • Bribing and bullying rating agencies to inflate the ratings on their risky investments.
  • Lobbying and bullying regulators, often revolving officials on and off their payrolls.

Why This Seems so Hard to See

For most people, understanding this situation means having to accept some very uncomfortable circumstances that they probably do not wish to see.

Imagine the movement of wealth completely on your own without the support of advisors.

The latest round of price suppression in silver, followed by the appearance of its price’s resilience, challenges even the most rational thinker and market analyst.

Yet, it is probably the illusion of rationality that is the problem when it comes to forecasting the silver market.

The Search for Financial Food

To continue feeding itself, this enabled banking parasite must compete for more and more food for survival and leverage in the form of financial assets.

As the need for ever more liquidity in the repo market grows and competes with the Fed for good quality collateral, and as many of the off exchange transactions make their way onto visible exchanges, the death knell will come and the host will yet again suffer as a flood of hyperinflationary collapse washes over it.

The few with the foresight to build arks for themselves and their families made of hard assets like silver and gold may remain financially afloat.

In the End

As the repo market — the backbone of financial market liquidity — loses its battle with the Fed for good quality collateral, the panic for final payment assets will commence

Gold will probably remonetize, not by official decree perhaps, but by the very nature of its role as a well-established and commonly accepted form of collateral.

Silver will do the same, but in a more affordable way that Everyman on the street can readily afford. Of course, silver is much cheaper now than it will be then.

For more articles like this, and/or for a breath of fresh silver market reality amidst the stench of denial and technically meaningless short term price obsessed madness, check out http://www.silver-coin-investor.com

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of Silver-Coin-Investor.com

    Copyright © 2013 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dr. Jeff Lewis Archive

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