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Aftershocks

Tyler Durden's picture




 

Authored by James Howard Kunstler, via The Burning Platform blog,

If the FBI can track down two homicidal Chechen nobodies inside of forty-eight hours from their Boston bombing caper, you kind of wonder how come the Bureau can’t detect the odor of racketeering, insider trading, and wire fraud in this month’s orchestrated smackdown of the gold futures markets, including the parts played by the Federal reserve, one or more too-big-to-fail banks, self-interested big money players such as George Soros, slumbering regulators at the Commodities Futures Trading Commission, and tractable editors at The Wall Street Journal and The New York Times.
 
Of course, US Attorney General Eric Holder, who oversees the FBI, has done a fair imitation of a Brookes Brothers store window mannequin for four years, but surely somewhere in the trackless labyrinth of American law enforcement there exists some dogged rogue investigator with a filament of nagging curiosity who might piece together the clunky train of events that may amount to the financial crime of the century. For instance, it can’t be so difficult to determine who was behind the several hundred ton mass dump of paper gold contracts a week or so ago. There must be a pretty simple record of the transaction, retrievable with a warrant or a subpoena. Whatever entity did it — still ostensibly unknown — knowingly generated losses in the neighborhood of a billion dollars for itself. Was this just the cost of doing business? Or a favor owed, say, from a bank to its godfathers at the Fed, carried out to make the dollar look relatively a lot less unsound than it really is? Or a ruse to allow the custodians of bullion in US depositories re-acquire at bargain prices gold that has been stealthily hypothicated into oblivion? Or just to divert attention from their inability to make good on contracted deliveries of actual physical gold.
 
No official has yet answered why the Federal Reserve Bank of New York told the German government a couple of months ago that it would take seven years to return that country’s gold held in safekeeping (across the ocean from the Russians) since the Cold War. The NY Fed must have a vessel under contract that makes the proverbial slow boat to China look like an ICBM.
 
Doesn’t anybody want some answers to these questions, including how come the two aforementioned major newspapers published front-page stories calculated to justify, if not provoke, the most extreme negative sentiment in the precious metals markets, seemingly coordinated with Goldman Sachs advisories to short those markets? And what about a glance at the trading records to see who executed massive naked shorts? Wouldn’t it be interesting if they were the same parties as the dumpers? And why? - other than a strenuous intervention in the markets to make those markets look unreliable? Does anyone even remember that the purpose of financial exchanges is to verify and authenticate the clearing of trades to provide confidence that markets are honest so that real business can be conducted?
 
What the interveners have accomplished is only to prove that the gold and silver derivatives markets are unreliable. They may have smashed the trade in that kind of paper, but only achieved a firmer divergence between the derivatives markets and the bullion markets where, for example, the premiums on delivery of silver ounces makes the price exactly equal to the pre-smackdown price. Anyway, nobody believes that the London Bullion Market Association (LBMA) or that the New York Commodity Exchange (COMEX) can deliver. Meanwhile, runs on bullion contracts were starting to uncover a contagion of swindling in precious metals obligations that pervaded the western banking system. It was not a coincidence that the smackdown happened three weeks after the Dutch bank ABN Amro notified clients that it would only satisfy demands for redemptions of gold held in its custody with equivalent cash payments. “No gold for you today!” A fair inference based on subsequent events would be that all the custodians of physical gold bullion have misreported their holdings. And now that actions by the European Union and its agents have ventured into the dangerous territory of plain confiscation, there is not a whole lot of faith throughout the western world by people who are paying attention that an account of any kind in any financial institution is safe. There is good reason to fear runs on everything.
 
Because the smackdown organizers pulled off their operation in a panic, they probably ignored the potential further negative consequences of their stratagem, namely a worsening loss of confidence in banks generally and in the trade of abstract financial instruments in particular, including currencies. Nervous public officials may be brooding on imminent “bail-ins” and currency controls, but the public may be ready to bail out of the prevailing banking model into things that have been considered more money than “money” for a few thousand years, namely real gold and silver. The basic fact remains: there isn’t enough to go around.

 

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Mon, 04/22/2013 - 19:18 | 3485833 Meat Hammer
Meat Hammer's picture

Too bad I was so distracted by the Boston thingy I didn't notice. 

Mon, 04/22/2013 - 19:22 | 3485842 rajat_bhatia
rajat_bhatia's picture

The basic fact remains... You were wrong to go long gold.  Deal with it like a grownup. 

Mon, 04/22/2013 - 19:26 | 3485849 i-dog
i-dog's picture

Don't feed the troll, folks. Junk it, and move on.

Mon, 04/22/2013 - 19:26 | 3485853 Dealer
Dealer's picture

Aftershocks, bitchez.

Mon, 04/22/2013 - 19:28 | 3485865 UnpatrioticHoarder
UnpatrioticHoarder's picture

The most interesting coincidence, which the article misses, is that a case claiming manipulation of precious metals futures was thrown out recently. The powerz now know they are totally immune.

Mon, 04/22/2013 - 19:35 | 3485886 rajat_bhatia
rajat_bhatia's picture

I fail to understand, the purpose served by this action! How does it benefit the """ evil banksters""""?

Mon, 04/22/2013 - 19:39 | 3485901 DaddyO
DaddyO's picture

Due to the blindness of your predisposition to troll-dom, I might point out that the blatant manipulation this go round has allowed for large and unchallenged short covering.

Oh and BTW your still a dumbass!

DaddyO

Mon, 04/22/2013 - 19:43 | 3485913 rajat_bhatia
rajat_bhatia's picture

So what? its a free market, isn't it? Or do you bitches need "protection" from the ""evil banksters""?

Mon, 04/22/2013 - 19:44 | 3485921 DaddyO
DaddyO's picture

Define free market for me, bozo...

DaddyO

Mon, 04/22/2013 - 19:45 | 3485929 quintago
quintago's picture

Are you really that dense? Enough with the rhetorical questions. If they wanted to do something about the rigged markets, they would have done it a long time ago.

Mon, 04/22/2013 - 19:52 | 3485955 DaddyO
DaddyO's picture

I am pretty dense, can't you tell?

And "THEY" being whom?

DaddyO

Mon, 04/22/2013 - 20:24 | 3486085 strannick
strannick's picture

Why cant the CFTC find Comex manipulation? Because Bart Chilton is a corrupt Inspector Clouseau, thats why.

Mon, 04/22/2013 - 22:24 | 3486413 Matt
Matt's picture

If I recollect correctly, After 9/11, virtually all FBI agents in Financial Crimes were transferred to Counter Terrorism. Thus, there is only a handful of agents in financial crimes. Pretty sure there was a Zerohedge article about this.

Mon, 04/22/2013 - 20:40 | 3486086 DaddyO
DaddyO's picture

Pinto,

As much as my curiosity is aroused by Craft International's alleged presence at the Boston Marathon, I'm torn for these reason's.

  • Chris Kyle, the founder of CI was a very out spoken critic of the current administration and its double dealing with ALQ. (I believe this was his untimely undoing)
  • Many large events and venues hire Contractors to provide security for events like the Boston Marathon, Super Bowl and such.
  • CI and companies like them often provide security for dignataries in attendance at these types of events.
  • CI was at the Super Bowl in a similar capacity.

I'm still trying to link together all the articles and mis-information surrounding CI's alleged presence at the Boston Marathon. I have a very good friend who knew Chris Kyle and after talking with him, I still need more convincing on CI being involved in the bombing. I have spent a bit of time looking at all the vids and pics and I am not convinced that their presence is sinister and clandestine, I even emailed Alex Jones' group and asked them to show me definitive proof of their ascertions on CI. As of know, I've not received anything...

DaddyO

Mon, 04/22/2013 - 20:54 | 3486155 Pinto Currency
Pinto Currency's picture

 

Tough to tell - too early yet.

Lots of pics and video still to come out.

In this case, I can't think of a better organization for an intelligence service (foreign or domestic) to penetrate to raise hell than Craft International.  Just fit in and act surprised with the others.

Lots of layers and conflicting info.  - time will tell.

http://www.madcowprod.com/2013/04/22/was-boston-bombers-uncle-ruslan-wit...

http://www.infowars.com/tsarnaev-aunt-claims-naked-man-in-video-is-tamer...

Mon, 04/22/2013 - 21:04 | 3486188 DaddyO
DaddyO's picture

If you read CK's book American Sniper, it just doesn't jive with the narative being bandied about on CI. My source on CI is a long time operator who has a book coming out in June that is similar to CK's. He has serious suspicions on the untimely passing of CK and he doubt's that CI would be involved in a clandestine operation to blow up a bunch of innocent bystanders as part of a false flag operation.

Think about who CI would hire, most of the guys with this type of experience are about as distrustful of the current regime as anyone can imagine.

I just have a hard time reconcilling this type of narrative given that most "operators" are hard bitten patriots who have been labled as suspect by the current DHS and resent the hell out of that label.

Just my .02

DaddyO

Mon, 04/22/2013 - 22:01 | 3486347 Pinto Currency
Pinto Currency's picture

 

 

CI may well be patsies or their organization may have been penetrated to discredit them.

Most photos were from the finish line.  The other bomb site has very little in the way of photos posted yet.

Let's see how this develops.

Mon, 04/22/2013 - 19:51 | 3485956 nope-1004
nope-1004's picture

No kidding.  The CFTC is complicit in the crimes.  Gold and silver have been double and triple leased out, and the idiots running this circus had to smash price to free up some futures contracts.  How long will it go on?  I don't know and don't care because all of my wealth is outside of their grip.  I suggest y'all do the same.

 

Mon, 04/22/2013 - 19:46 | 3485941 rajat_bhatia
rajat_bhatia's picture

Don't name call me Daddy, I'm just a little boy :'(

free market is a market structure in which the distribution and costs of goods and services, along with the structure and hierarchy between capital and consumer goods, are coordinated by supply and demand unhindered by external regulation or control by government.

Mon, 04/22/2013 - 19:50 | 3485948 DaddyO
DaddyO's picture

And you're convinced that is what we have today?

I never would have guessed that you're working out of mommy's basement...

DaddyO

Mon, 04/22/2013 - 19:56 | 3485989 rajat_bhatia
rajat_bhatia's picture

Awww..I pity you.. You seriously believe this is not a free market? You want Mr Stalin to 'root out the evil monopolists'? 

Mon, 04/22/2013 - 20:01 | 3486007 DaddyO
DaddyO's picture

Wasn't Mr. Stalin "THE" evil monopolist?

DaddyO

Mon, 04/22/2013 - 20:08 | 3486031 knukles
knukles's picture

He's really Dr Paul (pull my Yangtze) Krugman in disguise.
Or at least sounds and makes all the sense of same.

Mon, 04/22/2013 - 20:39 | 3486127 imaginalis
imaginalis's picture

It's as free as LIBOR

 

Mon, 04/22/2013 - 20:42 | 3486133 Bay of Pigs
Bay of Pigs's picture

The Rise of the Gold Trolls (2013)

You wonder where Johnny Bravo, GoldenMiddleFinger, abiggs, Spalding Smailes, Math Man,etc....all went to?

Mon, 04/22/2013 - 21:18 | 3486221 eatthebanksters
eatthebanksters's picture

you beat me to the punch Knuckles...

Mon, 04/22/2013 - 19:53 | 3485972 SilverIsKing
SilverIsKing's picture

Hey you stupid fuckface, do you know what a monopoly is? Sorry for calling you stupid.

Mon, 04/22/2013 - 19:57 | 3485984 DaddyO
DaddyO's picture

+1

DaddyO

Mon, 04/22/2013 - 20:00 | 3485997 rajat_bhatia
rajat_bhatia's picture

LOL,

Monopoly like $AAPL? like GOOGLE? Don't they have the best products?

Mon, 04/22/2013 - 20:12 | 3486045 DaddyO
Mon, 04/22/2013 - 21:36 | 3486273 DaddyO
DaddyO's picture

I probably need to take a chill pill where these trolls are concerned, huh?

DaddyO

Mon, 04/22/2013 - 19:44 | 3485925 Meat Hammer
Meat Hammer's picture

So what? its a free market, isn't it?  LO-fucking-L

You need to go to Troll School with MDB & PUD.  

Mon, 04/22/2013 - 20:08 | 3486035 knukles
knukles's picture

Don't forget Paul (previously advisor to Enron) Krugman

Mon, 04/22/2013 - 22:01 | 3486348 akak
akak's picture

And how could you forget AnAnonymous, the master of blobbing-up and monolizing of the offuscationalized algebraic coconut speeching means via farming the poor and extorting the weak in a fabled Chinese past citizenism kind of mattering way?

Make me laugh.

Mon, 04/22/2013 - 19:42 | 3485917 Meat Hammer
Meat Hammer's picture

If we have to explain it to you, well.......

Mon, 04/22/2013 - 19:52 | 3485963 smlbizman
smlbizman's picture

i got out of their system about 2 and 3 yrs ago.......each day that passes , we get closer to a whole bunch of paper pain comin this way...the feeling of to "early" has been replaced with "thank god".....

Mon, 04/22/2013 - 21:16 | 3486208 booboo
booboo's picture

"The most interesting coincidence, which the article misses is that a case claiming manipulation of precious metals futures was thrown out recently." No it's the fact that Nutslur voted for Obama twice and would vote for him a third time givn the chance, I can forgive a retard, not so much willfull ignorance.

 

Mon, 04/22/2013 - 19:38 | 3485895 fonzannoon
fonzannoon's picture

This article gets you all riled up and makes you think there is some crazy shit going on behind the scenes but there are perfectly good reasons for what happened and Bernanke, like the student that he is, is taking the time to study them and will share his findings with us all at Jackson Hole.

Mon, 04/22/2013 - 19:40 | 3485904 rajat_bhatia
rajat_bhatia's picture

He's skipping Jack's Hole. 

Mon, 04/22/2013 - 19:40 | 3485905 Bastiat
Bastiat's picture

I thought he wasn't going to Jackson Hole this year.

Mon, 04/22/2013 - 19:46 | 3485931 fonzannoon
fonzannoon's picture

Jeebus do I still need to put sarc?

By the way, no Cramerica today and no Baldy Liesman today anywhere in sight.

So let me get this straight. Every month we hang on every word from the Bernak. If he says "somewhat" instead of "mostly" the market moves hundreds of points. But on his biggest show of the year...he has a scheduling conflict...and no baldy Liesman etc. out there to ponder and ponder and ponder. Just another buried headline. The market asked no questions. Are ya fuckin kidding me with this?

Mon, 04/22/2013 - 20:11 | 3486042 knukles
knukles's picture

Nah...

And not only the no show but to even make it more ridiculous, The Bernak said no dice till U < 6.5% and everybody still minces and dissects.
Nobody listens anymore.

Mon, 04/22/2013 - 20:17 | 3486066 fonzannoon
fonzannoon's picture

correct. So either the fed is going to end QE despite saying QE will end with U <6.5% and data heading towards the shitter, or QE is on such autopilot that Bernak can stick with jis kite surfing lesson he accidentaly scheduled that day.

Or, wildcard. Bernak admits the scheduling conflict is bogus, and claims he has a health issue or something instead.

Mon, 04/22/2013 - 19:45 | 3485926 kaiserhoff
kaiserhoff's picture

Sometimes the simplest explanation really is the truth. 

The banksters have no end of free money, but nothing sensible to do with it.

Since there is not a damn bit of regulation that applies to them, they have been running a lot of stops, as they did today with Netflix.  Sometimes, that shit gets away from them.  Unintended consequences and such.  There may be wheels within wheels, but the simplest fraud is running rampant.  Everything is a casino now.  Sooner or later, that will bite them in the ass.

Mon, 04/22/2013 - 20:18 | 3486070 pods
pods's picture

There is so much funny money running around chasing yield, I would say nothing is immune.

Well, nothing valued in paper.

Now, something that is valued in purity and mass will always retain value.

The banksters don't give a shit about anything but yield anymore.  There are no more rules. The mortgage fiatsco has been papered over, with taxpayers on the hook for F&F and the FED swallowing all the toxic mortgages.

LIBOR?  Gimme a break.

Laundering drug money?  Lol, pay a 0.05% tip and you are done.

MFG?  

Cypriot "bail in?"  They now openly steal deposits.

This is just the next logical step in someone protecting their huge gamble.

Even if one goes sour and shit blows up, it is forgiven (AIG) and you start anew.

Burn the fucking whole damn thing to the ground I say.  There is no saving it, and this cancerous mass infects most all who dare dabble in it.

Nevermind that everyone who works under this system (FRNs) has their labor valued by these fucking sociopaths.

Makes one feel warm and fuzzy inside.  Like sulfuric acid.

pods

Mon, 04/22/2013 - 19:45 | 3485935 Meat Hammer
Meat Hammer's picture

I understood the sarcasm, Fonz.  Well played.

Mon, 04/22/2013 - 19:50 | 3485952 fonzannoon
fonzannoon's picture

thanks mh you have quickly become one of my favorites on here.

Mon, 04/22/2013 - 20:05 | 3486020 Meat Hammer
Meat Hammer's picture

They like me!  They really like me!

And this in tribute to you... http://www.youtube.com/watch?v=Q_Y0gT-ab90

Mon, 04/22/2013 - 21:42 | 3486289 fonzannoon
fonzannoon's picture

Hey meat hammer, fwiw...here is the origin of my name.

http://www.youtube.com/watch?v=pk52mMfPiTk

 

Mon, 04/22/2013 - 22:55 | 3486523 Meat Hammer
Meat Hammer's picture

Gotcha.  I never saw the sequel (hangs head in shame)

Mon, 04/22/2013 - 20:15 | 3486049 cristo
cristo's picture

i heard he's not going to Jackson hole .http://www.cnbc.com/id/100658757

Mon, 04/22/2013 - 20:27 | 3486092 BurningFuld
BurningFuld's picture

Can I go in his place? I promise not to get drunk out of my mind and smash crap, run around naked and for sure pee in the lobby.

Mon, 04/22/2013 - 20:14 | 3486050 cristo
cristo's picture

sorry DP

Mon, 04/22/2013 - 19:40 | 3485911 Herodotus
Herodotus's picture

He is a Paki troll.  They are the worst kind.

 

Mon, 04/22/2013 - 19:44 | 3485927 rajat_bhatia
rajat_bhatia's picture

I'm not a troll, you white trash bitch, I'm just trying to enlighten your dumb brains. 

Mon, 04/22/2013 - 19:47 | 3485937 fonzannoon
fonzannoon's picture

enlighten us by asking us to explain everything to you?

Mon, 04/22/2013 - 20:14 | 3486058 ronaldawg
ronaldawg's picture

Check out the wog talking all uppity and shit....

Mon, 04/22/2013 - 19:46 | 3485940 fuu
fuu's picture

Do you read Sun Tzu?

Mon, 04/22/2013 - 19:48 | 3485944 rajat_bhatia
rajat_bhatia's picture

Yes sir, I did

Mon, 04/22/2013 - 20:12 | 3486048 knukles
knukles's picture

Hah ha ha ha ha ha
Like it made any difference...

Mon, 04/22/2013 - 20:19 | 3486072 vulcanraven
vulcanraven's picture

Banhammer plz

Mon, 04/22/2013 - 20:16 | 3486060 gonetogalt
gonetogalt's picture

I'm thinking Indian, their government is trying to discourage buying...(good luck)....

Mon, 04/22/2013 - 20:45 | 3486139 angel_of_joy
angel_of_joy's picture

Trolling implies at a minimum some sort of primitive intelligence.

This guy is dumb as a rock ! He might be a Paki, though...

Mon, 04/22/2013 - 19:26 | 3485850 dryam
dryam's picture

The basic fact remains.  You are a troll.

Mon, 04/22/2013 - 19:26 | 3485856 Unprepared
Unprepared's picture

I didn't go long gold. I went round.

Mon, 04/22/2013 - 19:27 | 3485863 HelluvaEngineer
HelluvaEngineer's picture

GFY.  You rub salt in the wounds of our unfortunate canoeing accidents.

Mon, 04/22/2013 - 19:34 | 3485876 Manthong
Manthong's picture

"You were wrong to go long gold.  Deal with it like a grownup." 

Has it been wrong to go long rifle, too?

.. and is there anything in history to illustrate a separation from the grownups.. er, men from the boys?

Mon, 04/22/2013 - 20:02 | 3486012 12ToothAssassin
12ToothAssassin's picture

Crowbars. At least thats how the greeks do it.

Mon, 04/22/2013 - 19:29 | 3485877 DaddyO
DaddyO's picture

So the blatant manipulation of the PM's and the subsequent loses to countless thousands of "Investors" is justified by your desire that we should all suck it up and take it like a "Man"

Screwwww You....what a pompous ass!!

DaddyO

Mon, 04/22/2013 - 19:44 | 3485924 Croesus
Croesus's picture

@ rajat_bhatia:

If going long on physical Gold is wrong, then I don't want to be right! 

 

 

Mon, 04/22/2013 - 19:50 | 3485950 rajat_bhatia
rajat_bhatia's picture

Oh I bet! Roflmao

Mon, 04/22/2013 - 20:03 | 3486015 WAMO556
WAMO556's picture

Are you really?

Mon, 04/22/2013 - 20:51 | 3486148 DaddyO
DaddyO's picture

Careful, mommy's basement floor may be a little damp, wouldn't want you to catch cold or anything...

DaddyO

Mon, 04/22/2013 - 19:46 | 3485932 NidStyles
NidStyles's picture

Gah, what is it once a year we get one troll that is just annoying rather than funny...

Mon, 04/22/2013 - 20:25 | 3486088 cheetahbaby
cheetahbaby's picture

If pud is a cunt and rajat is a dick, can these two just go fuck each other??? CB

Mon, 04/22/2013 - 19:56 | 3485986 WAMO556
WAMO556's picture

Damn dude!

Your getting smacked down like GOLD and SILVER did the other day.

"Smokey! You got knocked the fuck out! Man."

Mon, 04/22/2013 - 20:03 | 3486014 rajat_bhatia
rajat_bhatia's picture

Yeah man! I just wonder who up voted me.... Mustve been some contrarian genius... Even I voted myself down ;-) 

Mon, 04/22/2013 - 22:04 | 3486351 akak
akak's picture

Things a bit slow today at the Dell customer service call center, "Brian"?

"Hello, my name is being the Brian.  I am wanting to be doing the helping of you today.  What is it being that you are having the doing of the problem?"

Tue, 04/23/2013 - 02:41 | 3486964 StychoKiller
StychoKiller's picture

WTF??  You're fluent in Chinglish AND Hindlish too?!

Tue, 04/23/2013 - 03:48 | 3487022 akak
akak's picture

Why yes, I am!

Many of the ladies know me to be a cunning linguist.

Mon, 04/22/2013 - 22:53 | 3486519 Kirk2NCC1701
Kirk2NCC1701's picture

Rajat, apparently you don't 'get' the Precious Liberation Front (PLF) or the Liberation Front of Precious (LFP).

Mon, 04/22/2013 - 23:20 | 3486613 thorgodofthunder
thorgodofthunder's picture

They can't. They are unemployed,ignorant, monotone, racist hillbillies for the most part unable to comprehend the obvious fact that gold was just another bubble that has begun to burst- all the way down to it's $800 fair value.

But the excuses for the crash are just pathetic! Equivalent to losing a tennis march but crying foul because the balls were yellow. And still crying about it days after the march had ended.

But but but my physical shiny stuff is worth more than that stupid ticker says! It is I tells ya! It is! Even you you says my shiny stuff is only worths $1400/oz I knows it's really worth $14000/oz! I'm right and you're wrong!

Morons.

Mon, 04/22/2013 - 23:51 | 3486706 akak
akak's picture

Thor, god of pernicious anti-gold bilious nonsense, strikes again!

Mon, 04/22/2013 - 19:27 | 3485857 zorba THE GREEK
zorba THE GREEK's picture

The FBI can't tract down gold manipulators because they are not directed to do so by

their superiors who answer to the Obama Administration.

Mon, 04/22/2013 - 20:30 | 3486096 pods
pods's picture

And ain't no way that the Obama administration's superiors are gonna give THAT order.

pods

Mon, 04/22/2013 - 23:02 | 3486556 Kirk2NCC1701
Kirk2NCC1701's picture

'Horses for courses'. The FBI just needs to use the agents.

Even I know of a couple: Special Agent Fox Mulder, and Special Agent Aloysius Pendergast. I trust their competence and character implicitly. Can't speak for the rest.

Mon, 04/22/2013 - 19:28 | 3485859 macholatte
macholatte's picture

 

 

...... surely somewhere in the trackless labyrinth of American law enforcement there exists some dogged rogue investigator with a filament of nagging curiosity who might piece together the clunky train of events that may amount to the financial crime of the century.

 

Can we start with every Attorney General of every State and every District Attorney of every city?

Nah. Too hard. But phone the cops and tell them a kid accross the street is smoking a joint and you'll get a swat team in fifteen minutes (except in Colorado).

And don't call me Shirley!

 

Mon, 04/22/2013 - 19:29 | 3485871 New_Meat
New_Meat's picture

Meat Hammer: ya gotta' stop looking at bright colors and shiny things.  Unless you are in management, in which case, well, enjoy the view.

- Ned

Mon, 04/22/2013 - 19:37 | 3485891 Meat Hammer
Meat Hammer's picture

I actually couldn't see a thing.  I was hiding under the bed yelling, "Boston Strong!".

Mon, 04/22/2013 - 21:06 | 3486190 New_Meat
New_Meat's picture

u the man, and a greenie on ya!

Mon, 04/22/2013 - 22:48 | 3486496 Hulk
Hulk's picture

Now thats funny !!!

Mon, 04/22/2013 - 19:29 | 3485872 Stoploss
Stoploss's picture

Got a nice little double bottom in the 10/30 err,  a,  and a descending wedge pattern for those tech believers.

Which way does she go..

Which way does she go..

Mon, 04/22/2013 - 21:39 | 3486282 GoldForCash
GoldForCash's picture

Remember the FBI says what do you believe ......what we are telling you.....or what you are seeing......only look at what we tell you.....!!

Mon, 04/22/2013 - 19:19 | 3485834 El Viejo
El Viejo's picture

Because they know congress will cut their financing if they go after them.

Mon, 04/22/2013 - 19:28 | 3485875 ronaldawg
ronaldawg's picture

'Cause the banksters will actually stand up for their rights, unlike, say uhhh - THE PEOPLE SHEEPLE OF BOSTON who let the cops lockdown a city and search their houses without warrants in violation of the 4th Amendment. 

Mon, 04/22/2013 - 20:08 | 3486036 DosZap
DosZap's picture

'Cause the banksters will actually stand up for their rights, unlike, say uhhh - THE PEOPLE SHEEPLE OF BOSTON who let the cops lockdown a city and search their houses without warrants in violation of the 4th Amendment.

 

How do the residents have a choice?,you have 15-20 Full SWAT geared to the hilt, and  they are not allowed to own firearms, they are totally w/out remedy, until they can sue in the courts.

Mon, 04/22/2013 - 20:11 | 3486044 ronaldawg
ronaldawg's picture

Say no you can't come into my house without a warrant.  Stand up for yourself - it works.

Mon, 04/22/2013 - 20:55 | 3486160 DaddyO
DaddyO's picture

Sorry ron,

The video evidence on YT suggests that didn't work so well...

The SWAT teams had no limits as everyone was cheering them on to get the evil wrongdoers, leaving their abuse of power unchecked.

DaddyO

Mon, 04/22/2013 - 21:12 | 3486203 New_Meat
New_Meat's picture

Jay Severin (OK, Jimmy Severino, Vassar '75) and Alan Dershowitz went through this today, and Alan was essentially doing the "Constitution isn't a suicide pact" thing.  Exigent circumstances, fruit of a tainted tree, etc.

gotta' love it that a smoker finally gets to go outside and sees his boat has been invaded.  and gets a smoke.  and has the ballz to look inside the shrink-wrap.

I'll try to get the link to the podcast.

- Ned

Mon, 04/22/2013 - 21:44 | 3486297 GoldForCash
GoldForCash's picture

If the guy who owned the boat that the terrorist was hiding in would have stood in their way he would have been arrested and charged...best to help them catch the bad guys

Mon, 04/22/2013 - 19:19 | 3485836 Cacete de Ouro
Cacete de Ouro's picture

Bart Chilton will sort it out
/sarc

Mon, 04/22/2013 - 19:52 | 3485960 LeisureSmith
LeisureSmith's picture

He's 80's German action movie bad guy hair is very high maintenance... must be why he is so preoccupied.

Mon, 04/22/2013 - 19:55 | 3485975 nope-1004
nope-1004's picture

He's a mimbo.

 

Mon, 04/22/2013 - 19:22 | 3485841 blindman
blindman's picture

they do not notice the crimes of their pay masters.
odd? no.

Mon, 04/22/2013 - 19:35 | 3485890 Theta_Burn
Theta_Burn's picture

Photos of the actual perps making the trades are missing. no horror associated with a metals smackdown or a corrupt fed...who gives a fuck really?

They got the bad guys, accolades all around

Mon, 04/22/2013 - 19:24 | 3485843 seek
seek's picture

Posted on the prior gold thread -- COMEX burned through 1.5% of its inventory on Friday.

Yes, these guys are rapidly approaching the point of non-delivery.

Mon, 04/22/2013 - 19:26 | 3485858 uno
uno's picture

can you trust any numbers associated with the US financial markets

Mon, 04/22/2013 - 19:58 | 3485999 seek
seek's picture

Most likely not, but if this is what they're willing to admit to, imagine what reality is like.

The COMEX inventory was reported daily with an updated graph on bloomberg. Then two weeks ago it disappeared. The next sign will be when they stop updating the inventory on the CME website, or just delete it altogether. My guess is that happens before they're down to 4M oz.

Mon, 04/22/2013 - 20:33 | 3486106 pods
pods's picture

Eventually this link will be all there is on the website:

http://en.wikipedia.org/wiki/Force_majeure

pods

Mon, 04/22/2013 - 21:15 | 3486210 New_Meat
New_Meat's picture

the godless are rapidly adding events to the list of excuses under the title "acts of god".

- Ned

{although more recent contracts have different wording for same-same}

Mon, 04/22/2013 - 21:51 | 3486314 GoldForCash
GoldForCash's picture

Haha ....we have your paper money and you have our paper contract. It's an even trade ...get over it......you should have went physical.

Mon, 04/22/2013 - 19:57 | 3485980 Poor Grogman
Poor Grogman's picture

Time to get the forklift into some of that (German) ahem, other gold, just sitting around doing nothing.

Its costing money to store the stuff anyhow, hell getting rid of it would actually save the US taxpayers money...

Mon, 04/22/2013 - 19:24 | 3485847 tradewithdave
tradewithdave's picture

Did you miss the Reuter's pre-obituary? Will Tom Cruise star in Minority Report sequel... Mortality Report?

Mon, 04/22/2013 - 19:24 | 3485848 Pumpkin
Pumpkin's picture

Any one wondering these things is not capable of comprehending the answers.

Mon, 04/22/2013 - 19:25 | 3485851 HelluvaEngineer
HelluvaEngineer's picture

I have no idea WTF is going on, frankly.  I am starting my garden and adding an irrigation system from my well.

Mon, 04/22/2013 - 19:28 | 3485866 dryam
dryam's picture

Have you thought about how you are going to be paying the taxes for your water coming from your well?

Mon, 04/22/2013 - 19:36 | 3485889 HelluvaEngineer
HelluvaEngineer's picture

My well is 40' from a river.  Funny thing about rivers is that they belong to everyone by law.  I think we could all learn a lot from that.

Mon, 04/22/2013 - 19:37 | 3485897 ronaldawg
ronaldawg's picture

Guess again - Law is whatever the TPTB want at that particular moment.  Hope you are not a white male.....

Mon, 04/22/2013 - 19:57 | 3485988 Five8Charlie
Five8Charlie's picture

In the Western U.S., the water in a river most certainly does _not_ belong to everyone.

The politicians (and those they serve) in L.A. destroyed Inyo County and the Owens Valley by taking away their water. The Colorado River no longer reaches the Gulf of California because everyone stuck their own straw in it before it gets to Mexico. Water 'ownership' in the west is not a trivial thing.

http://en.wikipedia.org/wiki/California_Water_Wars 

Mon, 04/22/2013 - 19:59 | 3486000 HelluvaEngineer
HelluvaEngineer's picture

Dude I dunno.  I live in GA.  Legally I can walk up to the head of the river in waders or ride a kayak all the way to lake Alatoona.  So can everyone. 

 

Reality hits home when you fill up a 5 gallon bucket of water for the first time.

Mon, 04/22/2013 - 20:11 | 3486046 Five8Charlie
Five8Charlie's picture

I haven't lived in California for fifteen years, so I've forgotten a lot (willfully). I remember some really weird stuff, though; like the rain that falls on your house and yard doesn't belong to you, the homeowner, and it's illegal to collect it. Bizarre and unenforceable, I have to believe. I think the law is mostly there to make a point that other people than the homeowner 'own' the water.

Water in the West is a scarce resource and people with money write the rules...

Mon, 04/22/2013 - 20:28 | 3486091 nmewn
nmewn's picture

True for Fla as well, its in our state Constitution. Any navigable body of water can be used by the public, no entity can claim title to it, its ours.

As a point of interest, my wife & I were canoeing down the Santa Fe and stopped for lunch on the bank. Some retard came hauling ass up to the top of the bank on an ATV yelling for us to "get off his land". I said, "I own" from where you're standing to the middle of the river and the same distance to the other side.

He said bullshit, he owned to the watermark. I said, no, you own to the high water mark...then it becomes a flood onto your property.

Its was the easiest way to explain Florida law to an idiot who believes anything a realtor says ;-)

Mon, 04/22/2013 - 21:18 | 3486220 New_Meat
New_Meat's picture

I'm sure that he went to the gas station and was muttering: "bastard is shredding the Constitution." ;-) - Ned

Mon, 04/22/2013 - 19:53 | 3485970 rajat_bhatia
rajat_bhatia's picture

LOL, Great idea, let's have a living tax, a breathing tax, an eating tax too

Mon, 04/22/2013 - 20:03 | 3486019 Mr. Hudson
Mr. Hudson's picture

I may have to sell my body if they won't take my gold.

Mon, 04/22/2013 - 20:23 | 3486084 Boozer
Boozer's picture

I have a spare kidney, what's the going rate for one in China?

Mon, 04/22/2013 - 19:25 | 3485852 New_Meat
New_Meat's picture

"you kind of wonder how come the Bureau can’t detect the odor of racketeering, insider trading, and wire fraud"

... errrrr ... Eric Holder is the Big Boss of the FBI?

- Ned

Mon, 04/22/2013 - 19:44 | 3485919 Theta_Burn
Theta_Burn's picture

Eric Holder, just when the inquiries where getting uncomfortable, all seem to have been forgotten...

Mon, 04/22/2013 - 20:35 | 3486113 pods
pods's picture

Seems he has more in common with Lando than just looks?

pods

Mon, 04/22/2013 - 19:26 | 3485855 Ban KKiller
Ban KKiller's picture

Bullish! Well...ok, not so bullish as the "market" is whatever the FED wants it to be. Right now the "market" is the only thing the FED wants people to put "money" into. Hate all the quotations I have to use now that the "market" is dead and "money" is dead and.....

Mon, 04/22/2013 - 19:27 | 3485860 Seasmoke
Seasmoke's picture

Just don't want anything to go crazy until I receive delivery. Status quo for me for the next 6 days !!!

Mon, 04/22/2013 - 19:29 | 3485869 Meat Hammer
Meat Hammer's picture

I wouldn't have the person who signs my paychecks put in jail either.

Mon, 04/22/2013 - 19:33 | 3485870 nasa
nasa's picture

The question I keep asking myself what was so important that TPTB needed a full week of 'media' attention to get it done.   I'm sure it was nothing important at all.

Mon, 04/22/2013 - 19:29 | 3485873 IridiumRebel
IridiumRebel's picture

Bomb a marathon and kill three people(horrible act) and have 3k armed "pros" lockdown a city for you. Kill an entire middle class with numerous indirect casualties and you make billions. Sweet Justice.

love,
JP Morgan, Fed Res. et al

Mon, 04/22/2013 - 19:30 | 3485880 Evil Bugeyes
Evil Bugeyes's picture

Did those two Boston guys have permits for all the guns they were carrying? If their guns were not registered, why aren't any charges being filed against them for having unregistered weapons?

Mon, 04/22/2013 - 19:46 | 3485939 Citxmech
Citxmech's picture

Don't worry - pretty soon this will be all about the guns they got using the "gun show loophole."

Mon, 04/22/2013 - 20:18 | 3486067 Shizzmoney
Shizzmoney's picture

RE:

If their guns were not registered, why aren't any charges being filed against them for having unregistered weapons?

Because they were probably bought from Mexico (the M4 Carbine is popular amongst the Cartels).  The FBI and the US Government doesn't like to mention "guns" and "Mexico".

Mon, 04/22/2013 - 21:39 | 3486285 New_Meat
New_Meat's picture

Evil B:

"Did those two Boston guys have permits for all the guns they were carrying?"

Nyet, tovarich, nary a one.  But, after all (and this might be seen as a fine distinction, but important) a) they aren't/weren't "boston guys" but rather "Cambridge guys".  Cambridge, MA, having among other fine distinctions, the decision to become a "sanctuary city".  Further, the older guy (we're starting to call him "speedbump") was applying to become an AMCIT, b) the younger guy did actually become AMCIT on, wait for it, ... 9/11/2012.  Ol' Speedbump went back to Motherland for 6 months for ...<<we don't know what>>.  But FSB apparently contacted FBI with information significant.

"If their guns were not registered, why aren't any charges being filed against them for having unregistered weapons?"

Well, one is dead, the other is being charged for WMD and separately for explosives at the federal level.

"I'm a'guessin' that you ain't f'um around these-heah pahts, ah you, boy?"

'cuz, if you were, you'd know that neither Mumblez nor "Marsha" Coakley, (P. Kennedy's name, not mine), nor our very-own Mini-Me .governor have the faintest intention of enforcing shit.

How they got the cars (better than I'm driving), the weapons, the explosives, the pressure cookers, etc. all up in the air.  But we here in the Commonwealth have like 50,000 EBT/SNAP/other welfare channels that are going to unidentified people.

The scandal is almost too embedded, gonna' take some firm wakeup call.  And that's just in the Commonwealth here.

- Ned

Mon, 04/22/2013 - 19:33 | 3485883 eurusdog
eurusdog's picture

If you think they are manipulating gold now, wait until they make it painful to hold physical, and people are standing in line to SELL their physical. That is my next buy point. After all, you "tin-foil hat" crowd think they are that evil, and if they are, they will find a way to do it.

Mon, 04/22/2013 - 19:39 | 3485899 fonzannoon
fonzannoon's picture

or they will just drop the ball.

Mon, 04/22/2013 - 19:44 | 3485928 HelluvaEngineer
HelluvaEngineer's picture

+1  I think it's important to differentiate between evil and itelligent.  Evil gets ahead in the world by doing what others won't.  Intelligent gets ahead by doing what others can't.

Mon, 04/22/2013 - 21:52 | 3486322 New_Meat
New_Meat's picture

me, I couldn't ever differentiate:

"... itelligent. ..."

from meatloaf, then again, wtf do I know?

- Ned

Mon, 04/22/2013 - 19:52 | 3485958 whoopsing
whoopsing's picture

I have found that the 'evil' ones tend to be not so bright after all

Mon, 04/22/2013 - 19:41 | 3485912 Winston Churchill
Winston Churchill's picture

Only gold foil hats here.

You are on the wrong site.

Mon, 04/22/2013 - 19:50 | 3485946 blindman
blindman's picture

it is revealing that you put the word "sell" in capitals,
entirely perverting the meaning of the word, as it is a
perversion. standing in line to sell, where have I seen that?
what is the historic example?

Mon, 04/22/2013 - 19:36 | 3485893 howenlink
howenlink's picture

The government should just invent everything.  Pretend incidents, pretend criminals, pretend wars.  Put all the police and military in little offices with mainstream video news streams.  That will keep citizens and foreign countries safe and in fear, and the police state well-funded, until the dollar fails and TSHTF.

Mon, 04/22/2013 - 20:22 | 3486080 knukles
knukles's picture

What a great idea.  You could make a million selling it to the gubamint

Mon, 04/22/2013 - 19:39 | 3485902 scatterbrains
scatterbrains's picture

I just hope that the fed fucked over lots of high level gov. employees, fbi officials, judges etc in this latest manipulated gold crash... and I hope they all got wiped the fucked out..fuck all of them... if your reading this you know who you are.. sit and stew in your misery you little fucking worthless public officials.

Mon, 04/22/2013 - 19:43 | 3485920 russwinter
russwinter's picture

Harvey Organ reports:

On Comex: The dealer inventory rests tonight at 2.280 million oz (70.9) tonnes of gold. The total of all gold at the comex rests at 8.781 million oz or 273.3 tonnes. The comex is slowly losing its gold both at the dealer end and the customer.

The CME reported that we had 42 notices filed for 4200 oz of gold today. The total number of notices so far this month is thus 10,415 contracts x 100 oz per contract or 1,045,700 oz of gold. In order to establish what will be the total number of gold ounces standing, I take the OI for April (585) and subtract out Monday’s delivery notices (42) which leaves us with 543 contracts or 54,300 oz left to be served upon our longs.

Thus we have the following gold ounces standing for metal:

1,045,700 (served) + 54,300 oz (left to be served upon ) = 1,100,000 oz or 34.21 tonnes of gold.

This is turning out to be a very big delivery month!1

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