curiosa opinión sobre el mercado manipulado del oro
https://www.kitcomm.com/showthread.php?t=25986
10-16-2008, 08:34 AM
Farfel
Junior Member
Join Date: Oct 2008
Posts: 4
Gold, Silver, and the Corruption of the US Treasury
As we are witness to a pandemic and radical stock market deflation, in which no sector is spared, it is time for a lesson in Economics -- and a corollary lesson in government corruption.
As a neo-Keynesian who studied under my mentor, Economics Nobel Prize winner, the late James Tobin, the main lesson I learned about the HEALTHY ******** of any market, whether on a macro or micro level, is this:
The entire capitalist market system is predicated upon the concept of TRAIN LOCOMOTION. In theory, the market must have sectors that are in contraction and those that are in expansion. Under normal circumstances, there are market sectors that become poorer whilst others become richer.
Reason: because in a normal, healthy market, you need a healthy sector to act as a locomotive to pull weak sectors out of their malaise. In a sense, you need the biblical concept of "seven years of surplus, seven years of dearth" to be the norm in virtually all sectors of a market economy, PROVIDED that at no time do all sectors experience the same cycles simultaneously. The sectoral contractions and expansions MUST be asymmetrical, such that there is never a time when all sectors are expanding together, nor all sectors contracting together. Otherwise, as you can see, there is NO locomotive to pull the imploding sector or nation from out of its crisis.
On a macro level, that means that you need healthy economies that can act as locomotives to pull weak economies "out of the gutter."
On a micro level, that means you need strong companies that can act as locomotives for weak companies.
Furthermore, for a market to ******** normally, the nation's Treasury should NEVER be turned over to a person who has vested interests in precluding any market sector from ********ing as a locomotive. You NEVER allow a market regulator to be a "fox overseeing the chicken coop." When the nation's top regulators have vested interests in precluding normal market dynamics, then their interference in that market creates anomalies precluding the market from ********ing as it should.
So, what we have today is a textbook case of what was NEVER supposed to happen -- and it only transpired on account of flagrant corruption in the most important office of the land. I am not talking about the Presidency, rather I speak of the US Treasury, that national office that controls the money in a true sense. After all, the Federal Reserve has long been under control of its constituent owners, notably Goldman Sachs, JP Morgan Chase, et al. However, the day that America's politicians allowed a constituent owner of the Fed (namely Goldman Sachs) to take control of the US Treasury, THAT spelled the end of the US Treasury as an independent overseer of the nation's money.
Since Goldman Sachs, JP Morgan and their various fund proxies have long been the short counterparties to gold/silver longs, consequently they amassed over the years a massive net short position at the COMEX, such that it has NEVER been in their interests to allow a true free market to develop in gold nor silver The potential radical revaluation of gold/silver could pose major solvency problems for Goldman Sachs, JP Morgan Chase, et al. Furthermore, the radical revaluation of gold/silver threatens a key international miner (Barrick) since that company has yet to unwind all its de facto short positions in gold, created when the company sold forward FIVE years of future production back in 1996 at prices averaging 400 dollars an ounce. You see, it is one thing to carry a short position in gold and silver at 900 bucks an ounce or 11 bucks an ounce respectively, it would be another thing to carry that same short position at, hypothetically, 5000 an ounce or 100 dollars an ounce.
In reality, there is only one compelling solution to the never-ending vicious downward spiral in the simultaneously imploding international and domestic markets. It is imperative for the USA citizenry to regain control of the US Treasury, then immediately remove the various constraints acting to suppress artificially the prices of gold and silver. Only then can the proper revaluation of gold and silver occur (which happen to be de facto currencies and potential sources of significant capital) -- and the resultant prosperity that would flow into those sectors, on both an international and domestic level, would allow for the creation of a dynamic economic LOCOMOTIVE, that would thereafter be able to revitalize those various sectors and countries in distress via new investments.
In other words, the Treasury Secretary has it all wrong (yet no surprise, given his vested interests). We do NOT need to save the financials first through artificial governmental intervention in that sector, given that the sector is deservedly imploding on account of excessive over-investment in financials over the years. Instead, he should lift his foot off the gold/silver market and allow it to trade freely once again. The resultant explosion in gold/silver will enrich an entire industry and a long list of nations dependent upon those two metals. Ergo, with new strong locomotives in place, it is the gold/silver nations and gold/silver industry that can save the entire system. They can become the new locomotives necessary to pull the faltering economies and collapsing corporate universe out of their chronic malaise. They become the source of fresh capital by which to revitalize the entire international economy.
Naturally, we would see a new status quo in which Goldman Sachs, JP Morgan et all, no longer rule the extant capitalist status quo -- or potentially a new international status quo in which America would be required to SHARE the responsibility of managing the global economy rather than continuing as the de facto dictator of all international economic matters.
But why should both America and its financial masters (aka the Fed Reserve) be exempted permanently from the normal machinations of free market dynamics?
To do so is extremely dangerous to the market economy -- and anybody who doubts this contention need only look out the window today and open his eyes. We are in a full scale macro/micro economic melt-down with no apparent end or solution, at least within the context of free market dynamics. At this point, the only likely "solution" would be one that abrogates the free market entirely, anything from wholesale market suspensions to the imposition of martial law.
If the market does NOT allow for the proper IMMEDIATE REVALUATION of gold/silver, then I am afraid we are headed for not merely a massive depression without any historical precedent, but also systemic chaos on almost every level.
And for those detractors who believe a gold/silver revaluation will "destroy" America, they should note that previous revaluations, such as occurred when Nixon closed the gold window in 1971 (in order to finance the Vietnam War), did NOT result in Armageddon, despite the massive percentage jump in the gold price. Rather, the emergence of a strong locomotive stands to "save" the nation, even if it proves to be a personal disaster for those Wall Street plutocrats whose vested financial interests constitute strong bets against both gold/silver.
If a healthy free market locomotive cannot emerge ASAP, then we might plunge into either dictatorship or anarchy (or some alarming hybrid of both), nothing less.
It is far past time to act!
:, por favor llamen a un medico, rapido, rapido.
