PIMCO Warns Global Central Banks Are Now Openly Defecting From The Status Quo's Prisoner's Dilemma

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Tue, 09/20/2011 - 11:51 | 1688996 Cognitive Dissonance
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PIMCO Warns Global Central Banks Are Now Openly Defecting From The Status Quo's Prisoner's Dilemma

So.............does this mean they will continue to purchase Gold while claiming it's a useless relic that can't be eaten?

Just sayin'

Tue, 09/20/2011 - 11:58 | 1689021 trav7777
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think the SNB can get its 1500 tons back?

Tue, 09/20/2011 - 12:27 | 1689150 Ahmeexnal
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They'll take more than that. Actually, they already have it. Other people's gold, beneath Zürcher See. Always been that way.

Tue, 09/20/2011 - 12:34 | 1689169 Almost Solvent
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To help one explain this to those around who are more interested in college sports:


Syracuse and Pitt, basically founding members of the Big East, proactively bolted to the ACC while the getting was good and to not be left without a chair when the music stops.


Now, Texas & Oklahoma are likely next to bolt to greener pastures, leaving the remaining few to scramble for "safety"

Tue, 09/20/2011 - 12:35 | 1689193 Ahmeexnal
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All the while the elephant in the room is still unnoticed.
Russia will pick up the pieces of what's left of europe. And europe will still be in debt with the russians.

Tue, 09/20/2011 - 13:43 | 1689440 Biosci
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so...the TCU football team will have to fly to Russia?

Tue, 09/20/2011 - 12:10 | 1689058 Smiddywesson
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I agree Cog.  I think what was left out of this article is the cooperation and outright theatre that is going on.  If central banks were not cooperating, we would have $5k gold already rather than $200 moves down on no news, or depressed prices on currency intervention. 

Another way of looking at these selfish moves is that each participant, which is clearly still cooperating in the purchase and price suppression of gold, is taking turns in a controlled retreat.  First one country takes an action, then another takes its turn.  When viewed from the outside, it appears to be retaliation, when in fact it is a slow stalling retreat.  We know they want to kick the can.  We know they are cooperating in kicking the can, so why must we assume they are retaliating against each other?

I disagree with the premise.  There is another more logical alternative.  This is all show.  Do you really think the SNB acted alone?  I don't.  Do you really think Timmy went all the way to Europe to be spontaneously badmouthed, in the press, by finance ministers and central bankers.  These guys didn't get where they are by doing anything spontaneously.

Tue, 09/20/2011 - 12:14 | 1689087 SheepDog-One
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Exactly right, if ALL central banks were not cooperating, then we'd have gold at $5,000 or at least far higher than today, and countries would have imploded long ago in the Eurozone. This is all just theater for whats next, all the deer in the headlights looks from CB's and Bernank and politicians dont fool me 1 bit, they all know whats going on. Every bit of it theater, the 'ass chewing' by Euros on Geithner, the daily financial 'news' of the day bullshit...all just an elaborate show.

Tue, 09/20/2011 - 12:24 | 1689138 PaperWillBurn
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They compete for the flow of gold out of mines and refineries. They know if they start competing for the stock it will go parabolic and they'll quickly lose their grip. Grab the new gold but don't you dare try to purchase the old gold.


How long before they stop playing nice? How long before a country far down in the order decides to go after the existing stock? The game can change quickly.

Tue, 09/20/2011 - 12:43 | 1689232 Smiddywesson
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How long before they stop playing nice? How long before a country far down in the order decides to go after the existing stock? The game can change quickly.

Truer words have never been spoken.  The most likely answer to that question is when China is ready to crush the can, kicking time will be over, but there are so many other catalysts too.

Tue, 09/20/2011 - 13:01 | 1689296 PaperWillBurn
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China definitely has the ability but China (at least those in charge) benefit greatly from the current arrangment. I'd look for someone who's backed into a corner to set off the buying spree. Someone's who's status improves by a much higher POG.

Greece, Portugal, Italy?  Might be able to get past Greece, possibly even Portugal, but Italy won't bend over while sitting on 2400+ tonnes. Lets see how far this contagion will spread before someone chooses to drive up the value of their reserves.

Tue, 09/20/2011 - 19:25 | 1690056 Bicycle Repairman
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It's all kabuki.  The article is wrong.  All the CBs are cooperating.  And there is no advantage to being the first to stop cooperating.  That country will immediately be set upon by all the others, up to and including war. 

Gold doesn't skyrocket unless and until that is the agreed upon action.

Wed, 09/21/2011 - 00:25 | 1691122 thermroc
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So, would the war be kabuki? Or kabuki kabuki? It wouldn't actually be real would it?

Tue, 09/20/2011 - 13:17 | 1689357 Lucius Corneliu...
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Gold is down because credit is imploding which is dragging down the prices of all assets (inclucing commodities).  Central Banks have been neutered by politics so outright soveriegn (and in the USA State then Federal GSE) debt defaults will start in Europe and spread across the globe.  Greece is the first crack in the debt pyramid which is doomed to fall regardless of what Central Banks do.  The primary concern of all governments, which is survival (and thus low borrowing rates), is in direct contradiction with an inflationary end-game.  It is only a matter of time before all will see how irrelevent the FED, ECB, PBOC and BOJ are.

Tue, 09/20/2011 - 12:19 | 1689114 LeonardoFibonacci
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No Doomsday today either!!! So i'm going back to bed

Tue, 09/20/2011 - 12:38 | 1689200 fonestar
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Silly plebeian, gold is for banksters!

Tue, 09/20/2011 - 12:59 | 1689292 Matto
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Steve keen winner or revere award in economics for correcting predicting the financial crisis and the reasons why (second was roubini) talking in NY this friday.


Tue, 09/20/2011 - 18:42 | 1690347 PeaBird
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So.............does this mean they will continue to purchase Gold while claiming it's a useless relic that can't be eaten?

Just sayin'

Look at what 'they' do, not what 'they' say...eh? http://www.gata.org/node/10458


Tue, 09/20/2011 - 11:52 | 1689002 all_in_now
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"Uncertainty". What uncertainty? "Stawlk" "market" is near all time high and going higher every day.

Tue, 09/20/2011 - 11:52 | 1689004 buzzsaw99
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belligerence won't stop the bernank.

Tue, 09/20/2011 - 11:53 | 1689005 SheepDog-One
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Global Central Banksters now openly defecting from their own 1 World Govt plan?

Uh oh, bitchez.

Tue, 09/20/2011 - 11:56 | 1689014 Oh regional Indian
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Unlikely SD1. Verrrrrry unlikely.

All as per plan. This is kaaaaaaaabooooooki we are witnessing.



Tue, 09/20/2011 - 11:59 | 1689022 trav7777
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break them up with your free magical energy!

You can't be this dumb...plans?  You think these idiots PLANNED for this type of economic catastrophe?

Tue, 09/20/2011 - 12:04 | 1689028 SheepDog-One
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Trav, youve got to be an IDIOT to NOT see this was all planned!

You REALLY think it was all just 'Oops, gee what happened? Huh guess we'll just have to print all currencies to oblivion because no way could anyone see this coming'?

Get with the program bub, it was all planned long ago.

You think they're IDIOTS to get where they are, in charge of the worlds banks? Give me a break man, take a few anti-retardation pills or something.

Tue, 09/20/2011 - 12:11 | 1689068 Cognitive Dissonance
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We need to explain to people that by "plan" we don't mean a tight script, but rather an overall agenda. Gentle but constant pressure is very effective when greed is the ruling emotion.

Tue, 09/20/2011 - 12:17 | 1689101 Smiddywesson
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The very concept of "retaliation" tacitly assumes that central bankers care about countries or sheeple.  Would a central banker endanger himself to take action against another central banker who threatened the welfare of his country or his citizens?


That was a good one.

Tue, 09/20/2011 - 13:49 | 1689463 Lucius Corneliu...
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I think the Central Banks fear their respective Nation States who will pull the plug on them in a heart beat if it meant their survival.

Tue, 09/20/2011 - 12:17 | 1689106 SheepDog-One
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Yep, the only problem I see now with the slow but sure chip away at the stone method is theres probably not much time left at all. Like those videos of cliff houses in hurricanes...looks pretty stable untill suddenly the whole things gives way and plunges at freefall speed. Kind of like 9-11 when they 'pulled em' as Larry Silverstein said.

Tue, 09/20/2011 - 12:45 | 1689241 Smiddywesson
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Yes and when the whole house topples into the surf, what will they say?  Anybody?

We never saw it coming.

Tue, 09/20/2011 - 12:30 | 1689163 dark pools of soros
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I agree -  even when the wars start, the 'enemies' are usually still just the serfs vs the rulers yet the serfs battle each other instead


Bankers hate sovereign nations..  especially prospering ones  (ask Libya) 

Tue, 09/20/2011 - 12:14 | 1689090 WonderDawg
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I'm not an idiot, and I don't think this was all planned. I think you're giving TPTB too much credit. They might have had a plan, but it's out of control now. Try as they might, they can't control the markets forever, if they ever actually had "control". Influence, yes, but control? I'm still not convinced.

I think they're shitting their drawers right now. They aren't good enough actors to pull off this act of chaos. When you get right down to it, sovereign cooperation is fracturing in a scramble for self-preservation.

Tue, 09/20/2011 - 12:26 | 1689144 thetruth
thetruth's picture

Underestimating the enemy is mistake number one.  This has been in place for a long time.  It's too late in the game to be making that mistake, sir.

Tue, 09/20/2011 - 12:27 | 1689148 SheepDog-One
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'Out of control'? Not a chance! It APPEARS out of control and chaotic, only proving THEY DID plan it....lets see whats the globalists motto? 'Ordo Ab Chao' Order out of chaos.

Tue, 09/20/2011 - 21:36 | 1690753 StychoKiller
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The dinosaurs also had order on the planet, for millions of years, then Mother Nature came to bat...

Tue, 09/20/2011 - 12:34 | 1689183 Au Shucks
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You don't have to be an idiot to not understand why this was planned.. you need only be a normal person who has not spent the energy to understand what is happening.  You're right in the sense that the PTB aren't happy with what is happening right now, but it is NOT because it is happening that makes them unhappy, it is that the timing is not what they planned exactly.  The pieces to the puzzle have been slowly assembled over time to create the conditions toward a single world currency and governance.  Not ever country supported this plan, but certainly the London-controlled countries have all played their role in the furtherance of the plan.  The countries who did not support the plan are those nations now who are suffering the most at the hands of the military industrial complex through the UN and London nations.  Those who are part of the plan are trying their damnedest to slow the collapse down to a controllable speed so moves can be made to turn the "crisis" into their long sought-after goal.  If this all sounds off the wall to you, again.. it is not because you are stupid.  However, if you now continue with your preconceived beliefs rather than see what is unfolding and go back to reanalyze your views, you do have the option of using the stupid label at that point.

Tue, 09/20/2011 - 12:46 | 1689245 WonderDawg
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I'm pretty normal in most regards, but not with regard to spending the energy to understand what is happening. I've read a number of books, articles, theories, etc. Included on the list is The Creature From Jekyll Island, Blackwater, Endgame, Crossing the Rubicon, to name a few. So to say that I haven't invested the time and curiousity to understand is inaccurate. But, like I said before, I'm not convinced that TPTB are in control. In fact, I believe that the Euro experiment is imploding, and this was definitely not part of the plan. I'm not doubting that they have a plan, just that it's not working out the way they drew it up.

Tue, 09/20/2011 - 12:51 | 1689259 thetruth
thetruth's picture

Interesting point though - a desperate TPTB are likely much more dangerous than an in control TPTB.  Either way, there is some action around the corner.

Tue, 09/20/2011 - 13:44 | 1689444 Green Leader
Green Leader's picture

"I'm not convinced that TPTB are in control."

Yahweh is the one in total control.

You might want to add this instructional video, Mystery Babylon, to your education:





Tue, 09/20/2011 - 12:50 | 1689256 Smiddywesson
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Plans change over time, but TPTB don't.  It doesn't matter when this particular installment of "The Plan" came about to give TPTB exactly what they have craved all along.  I'll repeat your words for those that missed it:

 Those who are part of the plan are trying their damnedest to slow the collapse down to a controllable speed so moves can be made to turn the "crisis" into their long sought-after goal. 

Tue, 09/20/2011 - 14:30 | 1689594 Cognitive Dissonance
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You are confusing TPTB with politicians and other so called leadership. The owners of this world do not party in public.

Tue, 09/20/2011 - 22:06 | 1690805 StychoKiller
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Note to self:  Report CogDis to the paranoia police. :>D

Tue, 09/20/2011 - 17:57 | 1690246 ManufacturedOpinion
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Yes, Dawg - if you really believe that, you ARE an idiot.  And a fucking stoopid one at that.  And if you DON'T believe it you're just an asshole.

This shit has been planned for HUNDREDS OF YEARS.  Up to and including 3 world wars, all designed to take EVERYTHING from the people and leave the world to the Tribe.


Tue, 09/20/2011 - 20:10 | 1690549 WonderDawg
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You're a bit of a cunt, MO. You give the tin hat crowd a bad name. I suggest you go fuck yourself.

Tue, 09/20/2011 - 21:25 | 1690703 Soul Train
Soul Train's picture

Sheepdog seems to see it all as a long time conspiracy.

Of course, that was the Fed mandate since 1913.



Tue, 09/20/2011 - 12:10 | 1689063 Oh regional Indian
Oh regional Indian's picture

Well Trav, with blinkered, mind-setted and bigoted people like you sitting as gatekeepers, can you see how well their "plan" is working? In a fair world, you would have had your teeth kicked out a long time ago and your fanatical clinging to a dead-end technological path would have been exposed for what it is, Status Quo propogation.

Think about that, you are a result of their plan. And you have kids....*shudder*


THIS is what this Exchange is about

Tue, 09/20/2011 - 12:32 | 1689171 Ahmeexnal
Ahmeexnal's picture

ORI, I'm sure those kids ain't Trav's. Even his wife could not be that stupid. That would explain Trav's racist anger.

Tue, 09/20/2011 - 18:00 | 1690250 ManufacturedOpinion
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Jeezus Christ, ORI - are you going to be pumping another one of your lame articles in this forum again ??

Probably be pumping it all week, no?  You know, if your articles were any good you wouldn't HAVE to pump 'em up.

People, just ignore this crap by the Indian - not worth your time.

Tue, 09/20/2011 - 12:20 | 1689112 Hook Line and S...
Hook Line and Sphincter's picture

As a juvenile delinquent I once planned for my crappy motorcycle to be stolen. My buddy took the parts he wanted and left the frame in a field. I ate sand when insurance didn't cover it.

But then again, I just might have lied about that story.

Actual intent is always hidden. Speculation upon the fruit that's been produced is all that remains.

Tue, 09/20/2011 - 12:31 | 1689168 Abitdodgie
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There is free energy , how do I know i've got one S.E.G

Tue, 09/20/2011 - 15:52 | 1689906 bid the soldier...
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Peak Oil. 2.0

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