[POV = Point Of View]
One of the biggest problems for the West, the
US in particular, is its increasingly
parochial perspective from
the narrowest of lenses, fully colored by the elite’s use
of
its main propaganda machine, the Maintstream Media. It
will not work for people to
expect more from their government,
rather, people have to demand and expect more
from themselves, for
in the end, people will discover all they really had to rely upon
was
themselves and failed to do so.
All of the information one needs to make more
enlightened decisions is out there.
One has to change their broken
habits of spoon-fed expectations from local news and
take a
more active role in seeking the truth. In a nation that relies
upon a police state,
increased militarization, and NSA [STASI]
spying on its docile population, one cannot
expect to hear truth,
only lies, and the Obama administration is certainly delivering them.
Ask yourself, what is your impression of
Russia, of Putin? Then, consider the following
information
about both. Never in the history of the world have [mostly]
Western central
bankers issued anything but worthless paper
currency, backed by nothing, controlled by
unelected bureaucrats,
and none beholding to nor responsible for citizens of
a nation,
your neighbors and everyone you may know.
This is the world in which most of you live
without challenging
it. Others, outside of the Western sphere of central banks,
with a firm
grip on their respective governments, refuse
to remain a victim of the West’s inflationary
degradation via
fiat currencies and the rot-from-within they generates.
Who has been the champion prodder of the
Ukrainian situation? The United States, led
by its
teleprompter-reading corporate president, Barack Obama. What
has he done?
Threatened economic sanctions, provided neo-Nazi
thugs to continue to stir unrest, steal,
or remove, if you prefer,
all the Ukrainian gold in the middle of the night, and drain
the
country of billions of dollars, transferred to Swiss banks.
Are any of these moves in the
least bit constructive, let alone
justifiable?
Putin’s response? Aggression to
match aggression? No. Just patience, waiting as
events
that are doomed to fail play out. While Obama does
what he can to stir up a hornets nest
in an area of the world the
US has no business in interfering, Putin is allowing Obama to
take
as much political rope as he needs to hang himself. In the
meantime, Putin is busy
putting together deals with other
countries, and its natural gas deal with China in the
works
will be a game-changer for Russia. All of the
deals made and those in process will
bring income to Russia as a
nation. What kind of income?
More
rubles, some yuan, maybe even some gold. Totally
absent is the use of the dollar
as
the disappearing world reserve currency. Putin is taking his
job of running a country
seriously and responsibly.
Putin spurns Western central banks and
continues to strengthen the ruble. He makes
deals with other
natural resource-rich countries. Obama invades oil-rich
countries.
While Obama pushes for war on the other side of the
world with Syria and Ukraine,
Putin is busy making deals on the
other side of his world with Obama’s ignored neighbors,
Mexico
and Latin America. While Obama allows the Fed and Wall Street
to continually
suppress and disparage the gold market,
Putin is building Russia’s gold reserves. No fiat
ruble
over there.
What has Obama done to help strengthen the US
financially? Nil, and to the contrary,
he has increased
government spending, with no means of ever repaying it, and he
has
worsened the plight of millions and millions of Americans
through his enrich-insurance-
companies scheme at the expense of
leaving people without affordable insurance coverage.
Most Americans have never heard of Russia’s
Gazprom, yet it dwarfs Exxon and Mobil in
size. In
anticipation of Western sanctions, Gazprom secured natural gas deals
with China.
If Gazprom never sold another energy unit of
natural gas to the West, its bottom line will
continue thrive with
its natural gas sold to the East. Further, Gazprom will now
only sell
their product using rubles, yuan, and gold, no
petrodollars allowed.
The Russian banking system has responded to the
West’s petty and of no-effect sanctions
by raising a one-finger
salute to the West. Russian banks have stopped using the
dollar
and have adapted total reliance upon its own ruble, intent
on having the ruble become a
part of any new global currency.
US banks continue to entrap citizens with debt-forever
fiat.
Russia has the second largest gold reserve in the world. US is
the highest debtor
nation in the entire world. The US has
always had a fondness for being number 1 in
everything.
The fact that Russia has rejected the dollar in
every way, coupled with another fact that it
will only transact
its gas and oil trade in the ruble will have an impact on the US and
the
West more than any sanctions Obama can ever hope to
[under]achieve. As a consequence
of pushing Russia
away from the [totally failed] Western banking system, the US stands
to
lose trillions of fiat $ in return. It is not just
Russia. All of the other BRICS nations are
following suit.
The US and the central banking system is committing seppuku, [hari
kari],
financial [self-imposed] disembowelment.
Still think of Russia as an “evil empire?”
Here is a quote from one of Russia’s members of
Parliament
on the US and its fiat:
“The dollar is evil. It is a dirty green
paper stained with blood of hundreds of
thousands of civilian
citizens of Japan, Serbia, Afghanistan, Iraq, Syria, Libya,
Korea,
and Vietnam. Our national industrial giants will not suffer any
losses if
they choose to make contracts in Rubles or other
alternative currencies. Russia
will benefit from that. We should
act paradoxically when we deal with the West.
We will sell Rubles
to consumers of our oil & gas, and later we will exchange
Rubles
for Gold. If they do not like this, let them not do this and freeze
to death.
Before they adjust, and this will take them three of
four years, we will collect
tremendous quantities of Gold. Russian
companies will at last become nationally
oriented and stop
crediting the economy of the United States that is openly hostile
to
Russia.” Source: Izvestia newspaper
What of he US ally Germany? Guess where
Germany will turn when push comes to
shove? East! It
has vastly important financial ties with Russia. Germany’s
ties to the
US? Mostly fiat and highly objectionable NSA
tentacles covering the country.
Israel. Surely the staunchest US ally?
Well, it turns out that the US worsening of events
in Ukraine are
a threat to Israeli security. Israel has its own floating Tamar
natural gas
platform, and it has made a deal with Gazprom to
export the liquified natural gas.
How much of any of this has anyone read or
heard about from government-controlled
mainstream media? Not
a peep, not a sentence. The elites want US citizens to
remain
dumbed down, and US citizens are complying in utter
ignorance and steadfast refusal to
consider any alternative
news sources. Reliance upon the total control over the
corporate
and bankrupt federal government’s newspeak is the
elite’s goal.
At the outset, we said people need to expect
more from themselves and take more
responsibility for their own
lives. Reliance upon any government is a trap from which
there
is no escape.
We have not even covered all that can be
covered re Russia and Putin, or Obama and the
federal government,
for that matter. We have not even touched China, India, the
growing
BRICS nations as a power unto themselves, totally outside
of and separate from the self-
toppling United Sates.
The acronym BRICS brings to mind the story of
the Three Little Pigs, making houses of
straw and twigs that
failed, [fiat], with the safest being the one built of brick.
The
BRICS are using a lot of gold in building their financial ties
together.
None of this addresses timing, but the message
is clear: financial integrity and strength
is relying upon
gold, in some large degree, as a standard, at least indirectly.
The message
should be the same for us all who endeavor to
withstand the inevitable fall-out from fiat
currencies destroying
the Western financial system. The East, parts of the Middle
East,
and even Central and South American countries are
accumulating gold. There is no
concern about gold going
lower or even not going higher, for now. The end-game is
not
the short-term price, it is for where gold will seek its
natural price level once freed from
Western central bankers and to
not be caught holding nothing but value-lost paper.
On a side note, the elites are not stupid.
It is likely that they may even be orchestrating
the demise of the
Federal Reserve Note “dollar.” The direction may have been
intended
to replace the “dollar” with another fiat issue, like
an SDR, [Special Drawing Rights], to
be issued by an
all-controlling, non-elected or representative government, like the
BIS,
[Bank for International Settlements], or some similar elite
organization. What was not
anticipated, during all the
decades of planning, was the rise of the East and the use of
gold
as a measure of currency control.
Last week could have been an important anchor
for a turning point in gold and silver.
The comments on the weekly
chart cover a lot of ground. What can be added are
the
observations labeled 4 and 5. Both are directed at the
level of volume. The area marked
4 shows increased
volume as price rallied. On the current correction, volume
has dropped
off. This tells us that the selling
pressure is not there, as it used to be.
The gold price is also respecting, albeit
loosely, the half-way correction area between the
recent swing low
and swing high. In somewhat of a down market condition, that is
a good
showing. Gold’s failure to decline to the lower
channel line is an indication of strength.
The daily gold chart is confirming observation
made on the weekly, but with more detail.
What was not covered in
the chart comments was the thin line at the half-way measure
of
the down sloping channel. Whenever price can hold the half-way
point of anything, it
is taken as a relative measure of strength
Silver
is a test of one’s patience. All purchases made at current,
even slightly higher, prices
will be viewed as gifts and wise
moves sometime in the future, be it later this year or
into
2015/2016. When silver finally does rally away from its
[very constructive] support zone,
purchases made at any higher
price in the past few years will look like bargains.
The
way the charts are setting up, even purchases in the paper futures
market now have a
diminished downside. What cannot be known
is when a
move to the upside will make any
such buys worthwhile from a
profit perspective.
That high volume spike should loom as
important, moving forward. As with gold, it may
be an anchor
for establishing the low point for silver, too. Similar to
gold, silver has kept
just above the half-way area in its down
channel. In this last correction, silver did not
even come
close to reaching the lower channel live, as it did in late March.
Last week’s
close has it bumping up against the upper channel
line very soon after the last challenge
just two weeks ago.
This is a positive development within a negative down trend.
On
an ending note, last week, mention was made of Gann and the Cardinal
Grand Cross,
an astrological significant time frame. It all
ends with a solar eclipse on the 29th. [SeeGann,
Cardinal Grand Cross, A Mousetrap And Wrong Expectations,
if you did not read
it.] It is just interesting to see how
both gold and silver can be potentially bottoming at
the same
time. From our unwavering point of view, price and volume
remain the most
reliable guides and source of market information.
