Guest Post: Circus Clowns And Sideshow Freaks

Tyler Durden's picture

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JohnnyR2121's picture

From Interactive Brokers this morning:

 

To NYMEX,NYSELIFFE traders:

Tue May 3 04:38:47 2011 EST

 

In light of the recent extreme volatility on the silver contracts, the

various exchanges that trade silver derivatives are expected to increase

margin requirements on these contracts. As the increase is anticipated

to be approximately 20%, we will be requiring an additional 25% cushion

of margin on top of the exchange-mandated maintenance margin

requirement. We anticipate this change will become effective as early as

12pm EST on 3 May 11.

cossack55's picture

Fantastic news. Could only be better to raise margins to 100%.  You want 5000 oz.s AG, cool, fess up $240k or hit the street moron.  No more stupid games. Phys only or die.

Re-Discovery's picture

Pretty soon, the only way to buy silver futures will be with silver (or gold.) 

Put differently, you aint gettin' any.

Stuck on Zero's picture

Don't laugh.  When the powers in control wanted to wipe out the Hunt brothers they only permitted sell orders in the silver commodity exchange.  That's the next step here. 

destraht's picture

but for every seller there is a buyer right?

MarketTruth's picture

Neo: You know the answer to that question.

Merovingian: But do you? You think you do but you do not. You are here because you were sent here, you were told to come here and you obeyed. [Laughs] It is, of course, the way of all things. You see, there is only one constant, one universal, it is the only real truth: causality. Action. Reaction. Cause and effect.

Morpheus: Everything begins with choice.

Merovingian: No. Wrong. Choice is an illusion, created between those with power, and those without.

---------

Architect: Precisely. As you are undoubtedly gathering, the anomaly is systemic - creating fluctuations in even the most simplistic equations.

TV Neos: You can't control me! I'm gonna smash you to bits! I'll fu--in' kill you!

Neo: Choice. The problem is choice.

Architect: The first Matrix I designed was quite naturally perfect, it was a work of art - flawless, sublime. A triumph equalled only by its monumental failure. The inevitability of its doom is apparent to me now as a consequence of the imperfection inherent in every human being. Thus, I redesigned it based on your history to more accurately reflect the varying grotesqueries of your nature. However, I was again frustrated by failure. I have since come to understand that the answer eluded me because it required a lesser mind, or perhaps a mind less bound by the parameters of perfection. Thus the answer was stumbled upon by another - an intuitive program, initially created to investigate certain aspects of the human psyche. If I am the father of the matrix, she would undoubtedly be its mother.

Neo: The Oracle.

Architect: Please. As I was saying, she stumbled upon a solution whereby nearly 99% of all test subjects accepted the program, as long as they were given a choice, even if they were only aware of the choice at a near unconscious level.

ToTheNthDegree's picture

Second that.

Margin hikes will only drive the price higher. And as the ability to take on leverage is reduced, people will look to buy more physical. If you are taking on a cash position (or even forced to, if margins go 100% cash), people might as well buy the physical. 

In a way I am happy that the Comex is hiking margins. After all, we are interested in a long-term bull-market in silver, not a short spike that will fizzle. The worst thing that can happen to silver is for it to remain parabolic and then collapse.

Even if the bankers are manipulating the price down, this is good and healthy for the medium and long term development of the silver price.

In any casy, with the whole Bin Laden pony show I will not be forced out of my positions in commodities. A week from now people will regret selling. The big money is getting ready to move in.

 

cossack55's picture

Margin increasing Bitchezzzz!!!!!!

Saxxon's picture

Jeepers, lighten up.  Empires die and rot and flowers grow out of the slag heaps.  Git yourself a medical MJ card and spark up a bowl of kief.  You are living in interesting times.

Oh regional Indian's picture

Interesting moment there Saxxon. I was moved by the man;s tone and was going to comment as such and then I read your post and had the opposite reaction. Since I don't consider myself too suggestible, I think it is the issue at hand that is polarizing, cognitive dissonance creating.

Of course we all know that what we are watching/being a part of is an inevitable run off the cliff for Lemmingstan, which I consider any country with a CB.

The aware ones can turn around and face the herd and calmly walk back, un-do.
The day of the nation-state may be at hand and that is a good thing, by all accounts.

ORI

http://aadivaahan.wordpress.com/2011/05/02/aaaahhhve-bin-laden-see-i-ave/

cossack55's picture

A very good thing, tho, I am sure it will arrive with a price.

Oh regional Indian's picture

Indeed Cossack and a heavy one.

ORI

tip e. canoe's picture

"I think it is the issue at hand that is polarizing, cognitive dissonance creating."

methinks this is precisely the point of this entire 3 ring charade...to polarize.   so even if best case scenario, you got 50% of the pop not believing the bullshit, how many of them are going to be engaged in doing something about it to counter the other 50% who are backed by the power of the state apparatus and assorted minions?

this is strictly a numbers game at this point.   Truth does not enter the equation, only 'truth', that is which is in the eye of the beholder.   perceptions rule and one must be realistic in accepting that enough perceptions can be manipulated by those who have the 'capital' (that which one can fool another into accepting in turn for continuing their cognitive dissonance) to do so.

so unless one can gather up enough gold & silverbugs to finance a guerilla mass media campaign to inject some Truth into hearts & minds all across the populace, perhaps it might be best to hunker down, stay silently out of harm's way and work on one's composting skills.

for saxxon is right, sometimes flowers even bloom in shards of plastic & a tiny bit of well-decomposed organic matter.

vocational tainee's picture

I know them thoroughly, and have walked in all their kingdoms.                                                                                       Like God, whose servants they are,they utter their pleasure not by sounds that perish,or by words that go astray,                     but by sings in heaven,by changes on earth, by  pulses in secret rivers ,                                                                                heraldries painted on darkness, and hieroglyphics written on the tablets of the brain.                                                            they wheeled in mases; I spelled the steps.                                                                                                                       They telegraphed from afar;                                                                                                                              I read the signals.They conspired together; and on the mirrors of darkness my eyes traced the plots.                                    Theirs were the symbols; mine are the words.                                                                                                                                                                                                                                                                                                     Th.  de Quincey

tip e. canoe's picture

actually it's perfect as it's formatted

RockyRacoon's picture

You inadvertently transformed prose to poetry.

Good job!

CHARLIE.DONT.SERF's picture

It is amazing to me how much cognitive dissonance the story of OBL's death caused in me.  

I did not know why I was so upset until I woke up this morning and realized that the story had torn me away from the root and had me striking at branches.  It is amazing that despite spending years trying to deprogram myself, the image of OBL's death was enough to drag me right back in.  Upon realizing what I had gone through, I came across this article.  It helped tremendously, and yes, the tone is a bit melodramatic, but it serves a purpose as an antidote to the bullshit they're feeding us.  Now I'm hoping that fellow warriors begin to address the fact that the official 9/11 story is a croc of shit to begin with.  That what happened to OBL is of absolutely no consequence.  It is an illusion within an illusion within a nightmare.  

I am truly surprised at the sense of relief I am feeling.  It goes to show how fucked up this propaganda really is.

MilleniumJane's picture

It is an illusion within an illusion within a nightmare.

+1.  So very true.

NotApplicable's picture

So, you're recommending more distractions?

CH1's picture

Well said, sir! Thank you.

Big Corked Boots's picture

There are no "morons." Only unconvincing co-conspirators.

cossack55's picture

They are morons because they fail to see the noose.

MachoMan's picture

But do they even have to see it?  Are they even incentivized to see it?  If you accept peonage and understand that you will be "taken care of", albeit to the minimum standard possible, then what incentive do you have to implement fruitful change that risks this social underpinning?  The worst part, if somehow the safety net is broken or attempts to be broken, they thrash about and decide to vote themselves another dinner from your pocket.  TPTB merely facilitate this vote and throw in some pork of their own along the way.

They're not morons (morans?), they're just bullies...  eventually, the nerdy kids get sick of not having lunch money.  Unfortunately, fruitful change would require people who do not believe in collectivism and who are generally mindful of their own business to band together...  I see this category of people as likely resourceful enough to simply move rather than duke it out...  leading to further hindrances for fruitful change.

buzzard's picture

"...fruitful change would require people who do not believe in collectivism ..." "to band together..."

I realize what has bothered me when I read these discussions. I generally agree with the premises yet there seems to be a disconnect. And there it is in one sentence. I believe that most of us here have not defined the terms precicely enough to make a practical sense. We hear 'collectivism' and we envision 'communism' (which is, of course, bad) yet we understand that on a basic level we must, as a group,  effect change or it will not happen.

 

That is why I chafe when I hear the word collectivism used as a perjorative; because it promotes a false image that is not, in my opinion warranted. Thank you, MachoMan for putting it right out there.

PY-129-20's picture

According to this SPIEGEL article, first reported in the English Times Magazine, Portugal has 382,5 t GOLD - most of it was collected during Salazar's reign - and now people demand that Portugal should first sell it's gold before getting bailed out...

http://www.spiegel.de/wirtschaft/soziales/0,1518,760331,00.html

rich_wicks's picture

They should dump the Euro, and move to a gold standard.

Wakanda's picture

Wonderful, insightful article.

I loved every lurid truth-telling.  Maybe I'm the sick-o.

Thanks Brandon, and thanks Tyler for posting it!

rich_wicks's picture

Here, let me put this all into perspective with an early comment:

http://108.80.56.115/revenueAsAPercentOfDebt.jpg

I'd inline it, but I'm not allowed to.

That shows the Federal Tax Revenue as a percentage of the National Debt.  As of 2010, it was 15%.

This means, that if the Federal Reserve raised interest rates to 15% that it would consume the entire year's Federal tax revenue.  Every cent of taxes collected by the Federal government would go simply to pay the interest on the debt.

How long do we have?  A year?  2 maybe?  We don't have 10...  Mr. Smith is right.   All this argument about gay marriage, binLaden, the wars, the circuses - it's kind of unimportant when you realize we're just about to go insolvent and we are about to go insolvent because we spent 30 years arguing about flag burning, gays in the military, school prayer, and other trivial nonsense which really doesn't matter compared to the solvency of the nation.

hedgeless_horseman's picture

Neither sovereign default, nor hyper inflation, will mean the end of the world. 

Propaganda, like death and taxes, isn't going anywhere. 

Prepare accordingly, do good work, and enjoy life.

TaxSlave's picture

Excellent article.

wisefool's picture

Joe K (CNBC squawk) had barney frank on just a few minutes ago. He tried to get barney going. barney got pissed. and then said "If cable TV is not the place for serious, non-hysterical discussion then I am dissapointed"

 

This from Frank, the guy who was head of the banking committe during the build up to the worst financial disaster since the great depression.

 

Disappointed indeed.

Anonymouse's picture

BREAKING NEWS.....

Today the Obama administration announced that he has found Amelia Earhart in an undisclosed location which he had noted while flying to Mumbai last November.  The famed aviatrix was positively identified though no wreckage was recovered.  She was promptly cremated, along with all her personal possessions, in accordance with her wishes that were found on a note pinned to her chest.

 

MORE BREAKING NEWS....

US President Obama stunned the world today in announcing there are indeed aliens held in Area 51, where they have been detained since crash landing at Roswell, New Mexico in 1947.  An unnamed spokesman said that the Raelian ambassador had demanded the return of all the detainees and all spacecraft hardware recovered from the accident, as well as photographic images and any notes of the event, as evidence is considered highly offensive on their planet.  Mr. Obama fully complied with their wishes in hopes of cementing the budding relationship with our extraterrestrial friends.  The Raelians offered their thanks and left Obama the gift of a book promising “To Serve Man”.  In an act reminiscent of Mr. Obama’s return of a bust of British Prime Minister Winston Churchill to the UK in 2009, Mr. Obama gave “To Serve Man” back to the Raelian ambassador as a goodwill parting gift.

 

ANOTHER OBAMA COUP....

And in a 4th stunner in less than 36 hours, the State Department announced they had recovered the Ark of the Covenant.  The Ark had been misplaced in a warehouse since World War II.  On noting the similarity to the Stephen Spielberg movie “Raiders of the Lost Ark”, a State Department spokesman replied “It turns out, President Obama had seen the movie and demanded all warehouses be searched.  It took a month, but oddly enough, there it was in a wooden crate”.  Mr. Obama made arrangements with the US Air Force to return the sacred Ark to Israel, as a surprise gift.  However, while in route an airman discovered a note written on flash paper stuffed into a crack of the crate.  In accordance with the instructions, which were confirmed to have been written by an unnamed but reliable Israeli source, the Ark and the note were promptly dumped into the Pacific in an undisclosed location somewhere along the Marianas Trench.

 

 

cossack55's picture

Did you see the article that they found Reagan and J. Kennedy alive and well, living together in a cabin in the Sawtooth Range.

JohnG's picture

Elvis and D.B. Cooper also found.....

Mariposa de Oro's picture

LMFAO!!  Thanks for the giggle!

antidisestablishmentarianismishness's picture

Oh brother, we are really on the fringe with this one.

Internet Tough Guy's picture

ZH does more shark-jumping than Trump at Seaworld. Conspiracy over credibility.

tip e. canoe's picture

when 'credibility' smells like conspiracy, then 'conspiracy' sounds more credible.

purplefrog's picture

One of my favorite quotes.  I was blown away when I first read it.

"And some of us who have already begun to break the silence of the night have found that the calling to speak is often a vocation of agony, but we must speak. We must speak with all the humility that is appropriate to our limited vision, but we must speak...Perhaps a new spirit is rising among us. If it is, let us trace its movements and pray that our own inner being may be sensitive to its guidance, for we are deeply in need of a new way beyond the darkness that seems so close around us."

Martin Luther King

hedgeless_horseman's picture

From CS Lewis' Screwtape Proposes A Toast:

Democracy is the word with which you must lead them by the nose. The good work which our philological experts have already done in the corruption of human language makes it unnecessary to warn you that they should never be allowed to give this word a clear and definable meaning. They won’t. It will never occur to them that democracy is properly the name of a political system, even a system of voting, and that this has only the most remote and tenuous connection with what you are trying to sell them. Nor of course must they ever be allowed to raise Aristotle’s question: whether “democratic behaviour” means the behaviour that democracies like or the behaviour that will preserve a democracy. For if they did, it could hardly fail to occur to them that these need not be the same.

Milestones's picture

Thanks for the excellent post.      Milestones

purplefrog's picture

You are more than welcome!  It's good to find someone spiritually alive.

Aulieude's picture

Burial at sea...."apparently to avoid his rising from the grave as the invincible Zombie Bin Laden"

Hopefully they didn't bury him anywhere off the coast of Japan...... Uh oh......

gordengeko's picture

"the relatively small number of persons...who understand the mental processes and social patterns of the masses."

Finally someone who quotes bernays.  Make no mistake about it, these people know the human mind very well and have been studying human behavior for centuries!  We are not even close to being free, the only freedom we can strive for is freeing our mind from the propaganda bullshit and being able to think for ourselves.  Funny how most christians and catholics like to preach Jesus and his life but make NO MENTION of his teachings!  Which he was all about freeing your mind from bondage!