The entire “first world” financial system is manipulated. This is no secret – the manipulators not only admit it, but are proud of it. And yes, I am referring to central banks: manipulation is what they do. I really don’t have any inside information on this, except that I’ve heard a lot of confidential stories from Comex traders. (Don’t trust Comex for a second.)
So, manipulation is a given. What I’m referring to is the fact that the manipulators are succeeding beyond anyone’s wildest dreams. Joe Average knows in his gut that everything is smoke and mirrors, but he is unwilling to look. He prays that the manipulators can keep the game going until he is dead, when he can no longer be held accountable.
The success of the manipulators has reached such levels that their victims are unwilling to complain. In fact, their victims defend them! It’s a type of Stockholm Syndrome, spread over continents.
I got an email two days ago, from a friend who happens to be one of the world’s great investment analysts. He was at wit’s end over the markets. Not because of price moves – his charts predicted those – but because people no longer cared about reality.
Here’s what I wrote back to my friend:
They are winning. There is no question about it. They are printing like mad with minimal inflation, stealing from millions at once with no riots, stoking raging bull markets based on no reason whatsoever, creating paper silver and gold without limit and without consequences, while keeping all the foreigners in line and obedient.
This is the ultimate, screaming triumph of the political and banking elite – their highest high in the history of civilization. And yet, no matter how badly they abuse the world, they enjoy complete obedience.
To quote a scientist from the early 1980s, upon seeing a photo of braided rings around Saturn: “It’s stark, raving mad, but it’s there.”
We are living through a moment of madness that future historians will write about: Black is white, down is up, rehypothecation is prudence, naked shorting is benevolent, abuse is love, theft is mercy. And all the while, humanity just sits and accepts their abuse. Following is courage, thinking is threat, and no one dares a sideways glance at the insanity, for fear that it will break.
All cling to a system that grinds them up and all walk together into the sea as they are told, singing hymns to governments and central banks as they go.
It’s sick; it’s evil; it’s disgusting; but for now it is also true.
And the rest of the world is allowing it. You’d think that the Russians or the Chinese, at least, would make some self-interested moves, but they don’t.
Either something breaks, or humanity tires of this insanity, or it continues until all the world is North Korea, worshiping photos of a vile little man, never lifting their eyes and thanking the vile little man for the deaths of themselves and their children.
And if something does ever break, they’ll need a war – a big, nasty war – the kind that really scares people – not tanks rolling through a desert.
That’s the world as it stands today. Perhaps everything will change tomorrow, but for now, the manipulators are at peak success.
“The madness of crowds” is here. If, somewhere, there is a successor to Charles Mackay (who wrote the classic book of that title), he must be a very busy boy.