I am not an economist but have investigated this and here is what I believe is happening.
90% of people in this country do not realize the gravity of our dept crisis. They know something is wrong but that's it. This below is just one aspect of what is going on.
BB and the alliance with the BB. What I am talking about is, Ben Bernanke of the Fed. reserve and the (5) bullion banks connection to keep the dollar and posibly other currencies propped up as they coordinated and then initiated hugh short position contracts on the paper precious metals markets.
Meanwhile printing funny money and keeping very low interest rates. The stock market is booming with this practically free money. This scam continues.
This manipulation happened in a dramatic way on April 12 of this year and again to a much smaller degree just yesterday where I am sure they made many millions of dollars in that short transaction.(no pun intended).
In April it probably was in the hundreds of billions of dollars if not more in an hour of less.
Yesterday was just one of thousands of coordinated shorts that have happened over the past months and years in the precious metals market.
The SEC will only investigate when the Oil markets are manipulated by speculators, but the metals market is off limits when it comes to uncle Ben and the 5 bullion banks manipulating the precious metals market and thus propping up the dollar and possibly other currencies.
A weak precious metals market will strengthen the dollar.
I wonder what kind of perk is awaiting old uncle Ben and company when one of these coordinated attacks take place?
This is a dual edged sword, if this does not take place gold and silver will literally go through the roof (good for investors or holders of the metals) but our dollar will collapse by 15%--20% who knows if even higher. (bad for everyone that is not invested or holding the metals).
Even the people invested heavily in the metals may be out because the failure of the paper (ETF) could also happen. So only persons invested in physical gold or silver in their possession will make out just fine.
This, I am afraid, will all come to a head when China,Russia,India and many Eastern nations will completely control the physical gold and silver of the world then the dollar will no longer be the world's standard currency.
The gold and silver drain from the west too these countries in the East and eleswere is already happening.
The collapse of the dollar is coming!! This is not an IF but a WHEN.
This is all just my speculation on what is happening to the precious metals market and the dollar but I believe this is right on!!
The paper to physical precious metals is probably 100/1 or there about's. So paper will not survive the coming collapse of the dollar.
A whistle blower already went to the SEC in 2004 and they told the whistle blower that this manipulation of the precious metals market would be investigated. Yea right!! That was 9 years ago.
The US government and the Fed reserve is involved in this manipulation by the bullion banks and many are filling their pockets along with their cronies, believe it.
Now I look at bank robbers in a new light, as kind of heroes because they have much more risk of loosing everything then these crooks running the bullion banks with a free pass to rob all the big and small investors with their huge coordinated short sell attacks.
It also has a dramatic effect on third world countries where these gold and silver mines have to close because of the drop in metal price. Many of the workers loosing a very low paying job and working under horrible conditions just for them and their families to survive.
I hope these fat cats in these bullion banks and their cronies in the Fed. reserve and US government realize how much pain they are causing.
I guess greed trumps all!!
Sorry Gordon Getgo of Wall Street fame--- Greed is not good!!
This is nothing short of criminal activity by the 5 bullion banks, the Fed. reserve and the US government. The Fed. reserve is a private entity.
Inflation has to happen now or the pain will be much worse if we keep printing more funny money and manipulating certain markets and also manipulating short term interest rates down close to zero.
If we keep kicking this can down the road with these practices it will be an eventual disastrous collapse of the dollar. Quite possibly up too 90% or more devaluation if these practices go on long enough.