Money Flow Trading Method along with Risk Management

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Please read and understand the TRUTH in this WISDOM !!!


Bruce

https://www.oftwominds.com/blogjan21...-dead1-21.html


The Stock Market, Fatally Wounded by the Truth, Will Stumble and Crash

January 30, 2021
It didn't have to be this way, but this is the reality we must now face: truth is fatal to fraud, and our entire financial-political system is a fraud.

The stock market has just been punctured by the thin blades of truth. It is fatally wounded but nobody dares notice. The wounds are barely visible, but the internal damage is mortal. The stock market is already stumbling and will soon crash.

The banquet's participants ignore the faltering market because the rules are we never reveal the truth, or acknowledge it, or discuss it, no matter how obvious, because truth is fatal to fraud. So the stock market's vital signs are in freefall but the conversation remains upbeat and light: stimulus, rapid growth in the second half, etc., all the patter of a carefully constructed illusion that fraud is forever as long as the truth never comes out.

Alas, the truth has emerged from the shadows, despite the silence of the insiders and the financial media. Here are the truths that have emerged like karmic genies:

1. The stock market is nothing but one giant fraud. The entire market is corrupt and rigged from the ground up. The fraud is systemic, designed into every tendril of the market. It was a useful deception to blame it all on "bad players," but now the truth has been revealed: the market is nothing but a rigged game enriching insiders.

2. The Fed is a fraud. All the Federal Reserve has accomplished in 13 years of goosing the stock market is unprecedented wealth and income inequality as the fraud of the Fed has boosted the fraud of the market, which has fatally undermined America's social and economic orders. Please read this short paragraph and let it sink in. Monopoly Versus Democracy (Foreign Affairs):

Ten percent of Americans now control 97 percent of all capital income in the country. Nearly half of the new income generated since the global financial crisis of 2008 has gone to the wealthiest one percent of U.S. citizens. The richest three Americans collectively have more wealth than the poorest 160 million Americans.

Thanks to the tightly bound frauds of the Fed and markets, the bottom 90% of Americans own essentially zero capital that produces income and the vast majority of all income gains since 2008 has been siphoned off by the top 0.1% (see chart below from the New York Times.) Three monopolists own more wealth than half the nation's citizens.

Yet the fraudsters in the Fed laughably insist their policies haven't created inequality on such a vast scale that is has destabilized the nation. The Fed's credibility is zero, yet the financial media tiptoes around, proclaiming the glory of the Emperor's illusory clothing.

3. America's system of governance is a fraud. What can we say when powerful politicians are worth over $100 million and are active participants in the most speculative excesses of the stock market, Buying More Than $1 Million In Tesla, Disney And Apple Calls In December? Do we even need to ask where their interests lie?

What can we say about a regulatory system that immediately bails out the most corrupt and destructive financiers / speculators but stands aside when the public loses trillions of dollars? The financial regulatory system is a complete fraud, devoted to bailing out the biggest insiders while ignoring the losses of the bottom 99.9%. America's financial regulations protect the corrupt, not the citizenry.

4. The wealth effect is a fraud. The Fed's entire fraudulent policy holds that if the stock market is goosed higher by Fed rigging, the phantom wealth handed to the top 0.1% will magically trickle down and benefit the bottom 90% who own no productive capital.

There is no magic; the wealth effect is a fraud. If one $5 stock (GameStop) can be pushed up to $400 in a week, why not push every $5 stock to $400? This is the essence of the wealth effect: all capital is phantom capital, a fraud balloon awaiting a pin.

The wealth effect failed, the Fed failed, regulations failed, politics failed. But thanks to the Fed and the self-serving political class, the entire U.S. economy is now utterly dependent on this completely corrupt and destabilizing fraud--the stock market. If the stock market stumbles and collapses, the economy--now totally dependent on phantom capital --also stumbles and collapses.

It didn't have to be this way, but this is the reality we must now face: truth is fatal to fraud, and our entire financial-political system is a fraud. The stock market is pale, and blood is seeping through the tuxedo, but the insiders, politicos and their toadies and apologists are nervously averting their gaze.

The market's bleeding but it can't possibly die, can it? Yes it can, and yes it will: truth is fatal to fraud, and the truth has escaped and is now free. We can't unsee what's behind the curtain.

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Since the beginning of this false pandemic, I’ve been offering compelling evidence that no one has proved SARS-CoV-2 exists.
Then people ask, “So why are all these people dying?”

I have explained that, many times, and in this article I’ll explain it again.

First of all, the whole notion that COVID-19 is one health condition is a lie. COVID IS NOT ONE THING.

This is both the hardest and simplest point to accept and understand.

Don’t reject the existence of the virus and then say, “So what is THE cause of people dying?” There is no ONE CAUSE. There is no one illness. There is no “it.”

By far, the biggest sources of illness we are dealing with are lung conditions: various kinds of pneumonia; flu and flu-like disease; TB; other unnamed lung/respiratory problems.

THESE ARE BEING RELABELED “COVID.” It’s a repackaging scheme. People are dying for those traditional reasons, and their deaths are being called “COVID.”

Thus, the old is artificially made new. It’s still old.
In this wide-ranging group of people who have traditional lung conditions, by far the largest component is the elderly and frail.

They are dying in nursing homes, in hospitals, in their houses and apartments. In addition to their lung problems, they have been suffering from a whole host of other conditions, for a long time, and they’ve been treated with toxic drugs.

They’re terrified that they might receive a diagnosis of “COVID,” and then they are given that diagnosis. THEN they’re isolated, cut off from friends and family. They give up and die.

This is forced premature death.

Some of these elderly and frail people are heavily sedated and put on breathing ventilators—which is a killing treatment. In a large New York study, it was discovered that patients over the age of 64, who were put on ventilators, died 97.2 % of the time. Staggering.

Some of these elderly and frail patients are now dying from reactions to the COVID vaccine—and of course, their deaths are listed as “COVID.”

Why else are people dying? In many cases, it’s a simple matter of bookkeeping. They die in hospitals for a variety of reasons, and staff write “COVID death” on their files. In the US, states receive federal money based on these statistics.

Let’s say that, in certain places around the world, there are clusters of deaths (being called COVID) that can’t be explained in the ways I’ve just described.

In those situations, you would have to examine EACH situation closely. For example, just prior to an outbreak in Northern Italy, was there a vaccination campaign? What was in the vaccine? A new breed of toxic substances?

You have to consider each cluster independently.

Getting the picture?

None of the “COVID deaths” anywhere in the world requires the existence of a new virus.

For instance, in Wuhan, where the whole business began, the first “COVID” cases of pneumonia occurred in a city whose air is HEAVILY polluted. In China, every year, roughly 300,000 people die from pneumonia. That means millions of cases. None of those deaths need to be explained by invoking a new virus.

Now, add to all this the fact that the PCR test for the virus is irreparably flawed and useless (for a variety of reasons I’ve explained in other articles). The test spits out false-positives like a fire hose. Thus, the high case numbers. If the authorities have to go to such extremes to paint a picture of a spreading viral epidemic…

There is no evidence that an actual germ is traveling around the world felling people. The “evidence” is invented.

The “pandemic” is invented.

The fraud is promoted.

During these fake epidemics (there have been many), someone will say: “But my neighbor’s son, who was very healthy, died suddenly. It must be the virus.”

No. People who appear to be healthy do die. Not just today, but going back in history as far as you want to go. No one has an explanation. They might have an explanation if they looked very closely, but they don’t look closely.

Favoring the “virus explanation” is a bias, a knee-jerk reaction, a response to propaganda.

If you think there must be other major reasons to explain “why all these people are dying,” keep in mind that “lung conditions” is a category that expands all over the globe. For instance, there are about one BILLION cases of flu-like illness EVERY YEAR on planet Earth.

Repackaging/relabeling just a small percentage of those cases alone would account for all official COVID death numbers.

What’s new about COVID is the STORY. That’s what’s being sold: a STORY about a virus.
Reprinted with permission from Jon Rappoport’s blog.

The money flow index (MFI) measures momentum in a security by showing the inflow and outflow of money into a security over time.
The indicator is synonymous with “volume-weighted RSI” as it integrates volume and mirrors the relative strength index (RSI) with respect to its mathematical formulation and categorical classification as a momentum oscillator. Both price and volume data are part of its calculation. For more information do visit our website
https://investmarket.in/.

1. skwealthacademy newsletter #124
   
   Why the Redditor Silver Short Squeeze Matters Much More than Gamestop
   
   Greetings skwealthacademy friend and supporter!
   
   In today's newsletter, I I discuss why the application of the Redditors Gamestop short squeeze strategy to exploding silver matters. In my opinion, Redditors should turn their attention to continuously buying physical silver every month (Canadian silver maple leafs, American silver eagles, and bullion bars) and taking delivery (never ever storing physical silver purchases with any large global investment firm or in a bank safe deposit box). This is the best short squeeze strategy to exploding silver prices (manufacture them) and far safer than applying a short squeeze to the paper silver ETF, the SLV. Why?
   
   Take some guidance from a long time, over two decade veteran of the game. The SLV ETF should never be considered as a proxy for real physical silver as most likely the physical silver backing SLV ETF trades are rehypothecated many time over and SLV ETF shares are almost certainly not 100% backed by allocated physical silver (meaning this is not an efficient way to force bankers to buy physical silver as they can leave all newly purchased SLV shares unbacked by physical silver if they desire). Number two, taking the battle to the futures markets is a bad idea, as the only way to wage battle would be in the most heavily traded silver futures contract, the 5,000 ounce silver contract that trades in New York. Consequently, the short squeeze strategy to exploding silver pathways are NOT all created equal, with some much better than others, and some offer much more protection to the executor of the strategy than others. Consequently, when trading futures, if significant price volatility in the opposite direction occurs within 24 hours of opening a position, you can easily be chased out of your position, or margins can be adjusted higher to artificially force liquidations and plunging prices. Therefore, this is NOT a game for any novice to play and unlike, holding a long position in Gamestock shares, where one’s losses are limited to the investment in the stock even if the stock goes to zero, in the futures market, one’s losses can be multiple times the initial investment.
2. 
   
   And mark my word, it is near guaranteed that the CME will be raising margins in gold, silver, platinum and palladium futures soon, perhaps really soon, if they fear a counterstrike happening in futures markets. The CME executed such a dishonorable strategy in May 2011, when they raised silver margins by 84% over a course of five raises in nine days that smashed silver from a high of about $50 an ounce all the way back down to near $32 in just a matter of days before eventually nearly halving the price by that September.
3. 
   
   To quickly get up to speed, all Redditors should read all of the following articles I’ve written over the past 15 years that contain valuable information to the strategies they are executing today. They should also bombard all precious metals dealers, starting today to show a spine, backbone and some integrity for once (as explained in the below article). It is important to engage precious metal dealers in this mission, because without their participation our noble mission will fail. I cannot stress this enough.
4. 
   
   Precious Metals Dealers: If the CME Artificially Creates Dips in Paper Gold and Silver Futures Prices by Raising Margins, Stand Your GroundWant to Smack Down the Criminal Banking Cartel? Here’s How to Use Gold and Silver to Do It, August 2012
   Bullion Banks Continue to Hemorrhage Physical Gold, and Now, Also Physical Silver, August 2020
   Use the Silver Dip to Buy MORE Physical Silver, May 2011
   How Can You Help? Buy 10 Ounces of Physical Gold and Silver (Or Whatever You Can), May 2013
   John Kim on Max Keiser, Discusses Banker Manipulation of Gold & Silver Futures, June 2011
   
   Finally, for those wondering why I state that the silver squeeze is much more important than the gamestop squeeze to our future freedom, look at the situation by this analogy. No matter how much gamestock shareprices are squeezed higher, at best, only a few hedge funds will go down, much like bringing down your street corner drug hustler. However, if silver prices are squeezed to $300 an ounce, which is not an outrageous price for a fairly priced silver ounce, then such a move will draw the curtain back on the ponzi scheme nature of the fractional reserve, fiat currency system and will bring down the druglords, like Escobar and "El Chapo" Guzman instead of the small fish like the neighorhood drug slingers. This is why the silver short squeeze mission is much more vital to our future freedom than the still important Gamestop short squeeze.
   
   For those of you that would like to learn more, just click the image below.
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   To read all my articles when first posted, please bookmark my site here. All skwealthacademy content, including this free newsletter, is 100% supported and only possible because of my patrons and supporters. Much gratitude to each and everyone of you. To become an skwealthacademy patron and receive 2 long format podcasts every month as well as 4-6 videos per week regarding financial analysis, investment opportunities, and gold and silver asset analysis for just $5 a month, click here. Only FOUR weeks remain in my campaign to raise funds for the coming launch of skwealthacademy. As time is quickly running out, if you would like to support my launch, please click here. My deepest gratitude to all those that have already donated. All donors will be granted yet-to-be-determined benefits upon my academy launch.
   
   In the meantime, much gratitude and many thanks to my wonderful patron community. You guys and gals are an awesome bunch so stay awesome.
   
   And as always,remain intensely curious and STAY STRONG!
   
   J. Kim
   Managing Director and Chief Education Officer
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Good morning loveandpeace

I added to your platform so that you have 18 that allow us to monitor the daily money flows in the markets.

We need to speak on the telephone today, so please call me.


Bruce

Good morning loveandpeace

I see that you put on a trade last night at 6:20 PM. Initally there was a profit of around $750.00 US Dollars. Then within minutes there was a reversal in the direction of the Dow 30. Was there a reason that you did not put in a STOP LOSS of $1000.00 US Dollars ?

There are many things that you need to learn in order to be able to trade Forex on your own without help from myself.

Please post your reply later today and then please call me at 514 247 0775. We can discuss what you need to do about your open position.


Bruce

https://www.lewrockwell.com/2021/02/...libility-test/

Americans are being asked to believe the implausible. Methinks the current pandemic is a test of political gullibility.

Says a recent TV news report: “Any way you cut it, doctors say there are virtually no flu cases at all this season, a phenomenon being called one of the great mysterious vanishing acts of a virus they’ve ever seen.”

We are told the reason for that is because of flu vaccination combined with face mask use and other social distancing measures. But that would mean those measures are selective for the flu and not the coronavirus. Preposterous! A face mask can detect and filter out influenza but not coronavirus? If you believe this, I’ve got a bridge in New York to sell you.

Actually, the American Lung Association reveals (now taken off their website) that as few as 257, 411, 727, and 274 deaths from the flu occurred in recent times (see graphic at end of this report)

In other words, the Centers for Disease Control (CDC) has been delivering bogus information about flu-related deaths for years in order to scare the public to get vaccinated. Very few deaths from the flu occurred in many years.

The often-quoted number is 36,000 flu-related deaths per year. The CDC was lying to the American public all this time. The annual flu epidemic was contrived. It never was. That is what the current pandemic reveals.

Here is another uncredible
So, what is the difference between a patient who has a false-positive test for COVID-19 and a patient who is infected but is asymptomatic?

As one pharmaceutical researcher writing in the British Medical Journal:
“Clinically we cannot tell the difference between a pre-symptomatic individual, an asymptomatic “carrier” and a false positive result from a healthy individual, because by definition none of these individuals have symptoms.” The fact is, “screening tens of millions of individuals means that even a low false positive rate translates to a large number of uninfected individuals being potentially told they have “asymptotic COVID-19.”

So, what is the use of getting tested?

Unreliable testing is being used by State governors to justify draconian lockdown measures. It is the lockdowns themselves that cause the excess deaths. Circuitous illogic.

The number of positive tests does not mean Americans are ill
Testing numbers are also meaningless since increased testing produces more positive tests. Unless an entire population is tested, there is no way of knowing what the incidence of disease is (how many in 100). Case numbers only tell us the intensity of testing going on, not how sick the population is. And the case numbers and death numbers are widely disparate. The news media knows this but continues to erroneously publish that infectious cases are on the rise. Better to wear two masks rather than one, right?

All tests are flawed
All COVID-19 diagnostic tests are seriously flawed. Most people suffering commonly listed symptoms of COVID-19 presume they have the virus when they may not have a coronavirus infection whatsoever. The Center for Infectious Disease Research & Policy notes that only 1 of 32 people (3%) that carry COVID-19 coronavirus have a replicating virus in their respiratory tract.

And did those who vaccinated you inform you that you may continue to test positive for 3 months after testing and not be infectious to others? And for that, you and whoever lives with you will be lockdown down in quarantine for 2 weeks. If you believe this, I’m sending that contract to buy the bridge in New York in exchange for the deed to your house.

If A then B, then A must have caused B, right?
There is no evidence that symptoms are caused by COVID-19, only that they are associated with this mutant coronavirus. The entire pandemic is a ruse. The masses are having the wool pulled over their eyes.

There are three primary ways to test for COVID-19 infection: 1) polymerase chain reaction (PCR) test, 2) antibody test and 3) antigen test.

1. COVID-19 antibody tests are wrong half of the time. This is now widely reported but the tests continue to be used.
2. Rapid antigen testing also yields false positive results.
3. The widely-used PCR (polymerase chain reaction) test obtained from a nasal swab for asymptomatic patients may simply be false positives. One PCR test conducted among 20,000 subjects found 15 positives. Upon re-testing, 14 of the 15 were found to be negative.
4. Another report in the British Medical Journal found only 2 positives among 7189 subjects antigen tested, which scales up to 30 per 100,000 when the quoted rate of positives is 250/100,000 in Britain. Something is amiss.

Testing is largely being used to spread fear in the population and justify lockdowns of populations. Don’t be a guinea pig and line up for COVID-19 tests. The odds that you will be placed under needless quarantine or advised to get vaccinated are high.

News reports claim thousands are flocking to sports stadiums to be tested and inoculated are nothing more than propaganda. Here in California the police have formed road stops, like for “driving under the influence,” only they are traps for the public to get tested. Americans are being herded under the guise health authorities who “know what’s best for them.”

COVID-19: Culling nursing home patients
In reality COVID-19 is a nursing home disease. A study of COVID-19 deaths in Indiana reveals a death rate of less than 2 in 100 (1.7%) among non-institutionalized infected adults over 60 years of age and just 1 death in 10,000 (0.0001) among non-institutionalized adults under age 40.

There are ~37,564 nursing home residents in Indiana out of 6.7 million residents in Indiana, or 6-10ths of 1% (0.006) of Indiana’s total population, yet they represented 54% of Indiana’s COVID-19-related deaths in April of 2020. The average age of a COVID-19 decedents was 76.9 years. COVID-19 is an old-age infection, largely explained by weak immunity among older adults.

The idea you may give COVID-19 to your grandmother because you didn’t wear a mask is misleading. Grandparents are being exposed to pathogenic viruses and bacteria all the time. It is a weakened immune system that is the cause of infection.

Another absurdity
And yet another absurdity – – we are now being told even “vaccinated” Americans need to wear face masks and follow lockdown measures.
All the precautions (face masks, social distancing, lockdowns) make a miniscule contribution to preventing death in the population at large regardless of how effective they are purported to be. Face masks and social distancing are not life savers, they are only intended to slow the spread of any infectious disease.

At no time have American hospitals been overwhelmed by COVID-19, with COVID-19 related positive patients representing just 15% of all hospital beds.

Bend over for COVID-19
Among the more bizarre practices being forced on the public are anal swab tests for COVID-19.

No entrance to U.S. from overseas flights without testing
And recognize, it’s perfectly OK to enter the U.S. with tuberculosis or Ebola, just not COVID-19! So, you can’t leave the airport without being tested first. Look up the definition of hoodwinked.

Where did all the heart attacks and cases of cancer go?
Another misrepresentation that the public is supposed to believe is that hundreds of thousands of patients are experiencing heart attacks or dying of cancer because they are fearful of going to the hospital where they may acquire a COVID-19 infection. The masses are fearful of hospitals for good reason. About a third of the cases of COVID-19 come from contacts with healthcare personnel, mostly at hospitals.

We are told that fear of catching COVID-19 at hospitals keeps patients with heart attacks at home. A 50% drop in hospital-diagnosed heart attacks is reported. Out of fear, cardiac patients are said to be suffering with their chest pain at home. But this investigator knows better.

Heart attacks that aren’t heart attacks
Two middle-aged friends of mine who were told they survived “widow-maker” heart attacks described to me symptoms that turned out to be gall bladder attacks. When a gallstone gets lodged in the neck of the gall bladder, intense chest pain may result and mislead people to thinking they are having a heart attack. Even doctors are fooled by this. The blood test used to confirm damage to heart muscle, troponin, is also elevated from an acute gall bladder attack. Lazy doctors are misled by the elevated troponin levels into thinking it is a heart attack.

Maybe these missing heart attacks and cancer were never real
Maybe all these heart attacks, cancers, and other maladies represent needless care. Unnecessary testing and surgeries amount to $200 billion year

The pandemic has drastically reduced the number of newly detected cancers. In one study published in the Journal of the American Medical Association, six different types of cancer (breast, lung, esophageal, colorectal, pancreatic, produced 4310 new cases weekly. That number dropped to 2310 weekly during the pandemic.

However, this doesn’t necessarily mean all these undiagnosed cases represented bona fide cases of cancer. Oncologists say more advanced cases of cancer will be detected and there will be excess cancer deaths. But that is not altogether true. There is massive over-diagnosis of cancer.

1. It is estimated 0-54% of mammogram-detected cancer are over-diagnosed, meaning they don’t need to be treated, have ranged from 0 to 54 percent. Mammograms are more likely to cause unneeded treatment than to save lives.
2. A large percentage of patients undergoing surgery for lung cancer did not need the operation
3. Thyroid gland removal to remove abnormal nodules is often unnecessary. Death from thyroid cancer is only 2% over a 25-year period.
4. Most prostate cancer surgery is unnecessary.
5. Just the mention of the word “cancer” evokes enough fear for patients to demand surgery to get rid of it. When doctors say “cancer” they often mean there is pre-cancer, called neoplasia or hyperplasia (abnormal cells).

Many other medical and surgical procedures are unnecessary.

1. Cardiac stents do not save lives or reduce odds of a heart attack among stable patients.
2. Spinal fusion at $40 billion annual price tag is not more effective than non-operative treatment.
3. There are many other examples.

What the COVID-19 lockdown is uncovering is all the needless medical care that is delivered. Diseases and deaths aren’t vanishing, like the flu. They never were. The disease incidence and death numbers were never real.

Historically, doctor strikes result in a steep decline in deaths. This is a repeated fact. Getting rid of doctors eradicates “ghost” diseases and deaths. Doctors were locked down and look what happened, again!
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Copyright Bill Sardi, writing from La Verne, California. This article has been written exclusively for www.LewRockwell.com and other parties who wish to refer to it should link rather than post at other URLs.

https://www.goldmoney.com/research/g...-money-is-time

Life’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more.

-Macbeth

Our limited time, our brief candle as Shakespeare’s Macbeth had it earlier in the soliloquy quoted from above, may count for very little in the grand scheme of things, but is of the utmost importance to each of us personally. Unlike the other dimensions, height, breadth and depth, the fourth is almost infinite, but individuals enjoy only a small part of it, our three-score years and ten. Time moves on. What really matters is not wasting it.

We may appear to others to be wasting time. But it is not wasting it when we take a break, recharge our batteries, or stop to think. Pleasure-seeking, pursuing happiness, removing uneasiness is making good use of time. We are all different and enjoy different things, so wasting time is not time wasted so long as it our personal choice. No one can allocate time as effectively as the individual. It is intensely personal.

While using time effectively is a private pleasure, wasting it can be very frustrating. Wasting time is the denial of personal ambition, whether it is as trivial as in a game of cards or as momentous as changing one’s circumstances. Avoiding time-wasting requires positive personal action, but we live in a world where that decision is progressively being subsumed by the state. But the state has little concept of the importance of time, replacing it with indecision and deferment. Time offers change and progress, except to the state. The evolution of events that go with time undermines the state’s certainties. The state believes it has all the time in the world to get things right by consulting, reporting, debating and eventually acting, while everyone affected has to wait.

It takes more than a decade to agree a trade deal between the EU and another government, neither of which feels time is important. This snail’s pace with our time is the norm in government and inter-governmental affairs. In business, time is a cost working against profit, because profit is always measured within a time-frame. A businessman who is both proficient and efficient is a valued person in society. He is productive, maximising profits while limiting the time spent achieving them. Time is also the basis of interest rates, which far from being a cost of money, is an expression of time preference. Time preference is the discounted future value of materials, energy and effort not yet in possession, but promised to be so at a given future date.

Through monetary policy the state commandeers our time preferences, forcing its own omnibus version upon us. It commands the value of our personal futures relative to cash. We don’t often realise how damaging is the loss of freedom to determine the fourth dimension for ourselves. If we understood the state was depriving us of time, we would probably be angry. The embezzlement of its use is behind the growing frustration felt by ordinary people. It is the underlying theme to Hayek’s Road to Serfdom, how the state conspires to steal its people’s freedom for statist priorities.

The state’s functionaries are usually ignorant of what they are doing. As stated above, wasting our time doesn’t matter to them. It has taken two and a half years for the British Government to fail to negotiate Brexit, wasting every citizens’ time in both Britain and the EU wanting certainty.

The statists don’t care, because they place little or no value on time. The vade mecum which is their ultimate guide in these matters, Keynes’s General Theory, makes no substantive mention of the meaning of time until Page 293, where he correctly states that “the importance of money essentially flows from it being the link between the present and the future” [ italics in the original][i].

It is one thing that Keynes actually got right, but he then ignored the implications. The time dimension does not sit well with Keynes’s mathematical approach to economics, because the assumption behind equations is that time does not alter them. A+B@C can only assume all components are unaffected by time. In reality, a static world where yesterday’s deployment of money replicates tomorrow’s deployment of money, does not exist. If it did, there would be no human progress. Therefore, time brings with it change, so is an inconvenience which the neo-Keynesians choose to ignore.

Clearly, the statists’ motivation was to discard proven classical theory to make way for propositions that favoured the state controlling money, which as Keynes pointed out is the bridge between the present and the future. First, we produce. Then we are paid. Then we spend and save. Money is the temporary storage of our labour for future use. Time and money are synonymous and common to all these activities.

We think the state is taking only our money, but it is also taking our time. If it was more widely appreciated that we are being robbed of our time, attitudes towards state intervention would surely change. As it is, we think it is only money, and surely, who would want to be thought of as so venal to object to its redistribution to those that deserve it more?
Create a credit cycle, then suppress the consequences
The state has been extremely effective at picking our pockets, employing monetary prestidigitation as well as taxes. By taking control of the economic and monetary agenda, the state has persuaded us it can deploy our money more effectively than we can ourselves. It commands us to exclusively use the state’s own currency, backed by our faith in its credit. It suppresses interest rates to grow the economy and maximise taxes, saying we can become better off together. It takes payments from us and spends them in a manner determined by the state acting in our collective interest.

When the theft of our time is relatively minor, we tolerate it. We can grow wealthier together. But when we find ourselves working increasingly for the state, spending almost half our working lifetime doing so, our discontent and resentment builds. We are no longer in control of the fruits of our labour, our time. The central bank then springs to our rescue, creating the extra money we have lost in taxes, and encouraging the banks it regulates to extend credit to allow us to make more and spend more. It debases both our time preferences and the true cost of our wages to our employers. For a brief period, it might appear to work, so long as the losers don’t notice and complain. But it leads to economic instability by replacing the healthy randomness of our collective desires with a cycle of credit expansion and contraction.

Earnings and savings, the fruits of our time spent, are transferred from ordinary citizens and gifted to others favoured by the state, simply by suppressing interest rates, thereby reducing time preferences. Time-value is taken from consumers and given to producing borrowers. Over the decades, consumers have been gradually impoverished, and producers have learned to love the state more than the consumer.

Our inept leaders can sincerely believe they are making a better world for us all, but they suppress the evidence when it goes wrong. Instead of making a better world, over time they have depleted personal wealth and earnings by taxes and monetary debasement, leaving little left to transfer to the state in future. But time is money, so the state simply prints yet more currency to buy more time. In the absence of time-pressures the state believes the future can be deferred indefinitely, and eventually everything will be all right. Just be patient and give us more of your time…

Are we any happier without our stolen time? Occupy Wall Street, the emergence of America’s Despicables, Britain’s Brexiteers and France’s rioters all attest otherwise. Now that savings have been depleted, we must borrow to spend. The yellow brick road, which the stealers of our time promised will lead to only good things, is leading us instead into destitution.
The theft of time ends in a credit-driven crisis
The theft of our time through monetary debasement has continued apace ever since the discipline of gold was removed from the global monetary system. This occurred in steps from the early 1930s but accelerated after the Nixon shock in 1971. Prices then began to rise rapidly, as money’s purchasing power declined. The state eventually found a solution to rising prices: it just denies they are happening. The contents of consumer price index is continually rotated and adjusted, which in effect goal-seeks a modest two per cent annual rise.

In the 1980s governments came up with a new wheeze to augment declining savings: lend money to savers through the banks in order to inflate assets and consumption. They did this by repealing the Glass-Steagall legislation, which separated investment banking from commercial lending. Credit became increasingly available for residential property, credit cards and personal loans. The banks gained economic power and profits by creating this credit out of thin air and bankers made fortunes for themselves.

Since the 1980s, the destruction of genuine savings has been offset by the asset inflation fuelled through this easy credit. The excesses led to the 1987 crash, the dot-com bubble in 2000, and the residential property bubble in 2006-07. But the downs in property and financial asset prices were always rescued by yet more credit. Following the Lehman crisis ten years ago, the debasement of money has accelerated, asset prices have inflated, and price inflation has been concealed by the goal-seeking CPI.

The lack of any constancy in the currency allows the state to act without the bulk of the population being aware it is being robbed of its earnings, its savings, its future, its time. The simple truth is that not only is everyone poorer than they might have otherwise been, but they are poorer in absolute terms as well. Every year, the public is robbed some more, to the point where eventually there will be very little left to give, relative to the state’s escalating demands.

We must be close to that point. Only this week, we have seen the Christmas trade in Britain fail. Falling bank shares are an ominous leading indicator. Everywhere, people are less keen to borrow the credit offered by motor manufacturers to finance the purchase of their cars. Credit cards are maxed out. Homeless numbers in England, the ultimate indicator of personal distress, are up 169% since 2010.[ii] Additionally, tariffs, which are consumer taxes and taxes on production, are being imposed on Americans leaving them poorer.

The inevitable and forthcoming crisis is taking us to the end of that yellow brick road. We are not going out in a speculative bang, but with an impoverished whimper, with nothing left to give. And when the state collects diminished returns through taxes, it always seeks to recover them through yet more monetary debasement.

We know it ends in crisis, because history and logic say so. We appear to be on the verge of it, because of the message from the markets. Corporate bond markets in both America and the EU are in a stasis.[iii] We are also told that US banks are pulling the rug on corporate loans.[iv]

They call this deflationary, an imprecise term, which as Humpty Dumpty said, “it means what I choose it to mean”. A better description for what is happening is that it is the consequence of an accumulating and continual theft of peoples’ time by the state through the unfettered issuance of money and credit. Calling it deflation encourages the state’s agents to debase the currency even further, in the naïve belief that it is the antonym of inflation.

Stock markets are now falling, because investors are suspending their belief that the state is in control and can avoid deflation while steering us into a promised land of perpetually rising asset values. But when investors begin to think, as opposed to believe, the awkward questions will start coming. If the currency is being debased, the state will have to borrow escalating quantities of its own money just to stand still. And since the state has taken responsibility for our welfare, in a recession (another of Humpty Dumpty’s imprecise words) the state will have to borrow even more.

Where will the money come from? And at what interest rates? If borrowing costs are rising because we have nothing left to fund escalating state commitments, what of the corporations that calculate their returns based on the rising cost of working capital? Have bond markets and bank lending seized up because the banks have thrown in the towel? Having taken command of our time-preferences, has the state itself finally lost control?

It is only faith that allowed us to believe otherwise. Faith in the state, and faith in its credit. Without that, the state’s unbacked money loses its purchasing power, wasting all that time the state has taken from us. We can redefine the upcoming inflationary slump as being simply the visible destruction of everyone’s time.

[i] JM Keynes. The General Theory of Employment, Interest and Money Palgrave Macmillan reprint 2007

[ii] https://www.homeless.org.uk/facts/ho...g-our-analysis

[iii] https://www.zerohedge.com/news/2018-...nk-bond-prices

[iv] https://www.zerohedge.com/news/2018-...next-recession


The views and opinions expressed in this article are those of the author(s) and do not reflect those of Goldmoney, unless expressly stated. The article is for general information purposes only and does not constitute either Goldmoney or the author(s) providing you with legal, financial, tax, investment, or accounting advice. You should not act or rely on any information contained in the article without first seeking independent professional advice. Care has been taken to ensure that the information in the article is reliable; however, Goldmoney does not represent that it is accurate, complete, up-to-date and/or to be taken as an indication of future results and it should not be relied upon as such. Goldmoney will not be held responsible for any claim, loss, damage, or inconvenience caused as a result of any information or opinion contained in this article and any action taken as a result of the opinions and information contained in this article is at your own risk.

loveandpeace

Please hold your position for now and make sure that you call me tomorrow at 514 247 0775.

Thank you.


Bruce

https://goldswitzerland.com/paper-si...of-the-decade/

PAPER SILVER IS TOXIC & PHYSICAL SILVER THE INVESTMENT OF THE DECADE

February 2, 2021

By Egon von Greyerz

https://goldswitzerland.com/wp-conte...021/02/man.png

“All things are poison and nothing is without poison; only the dose makes a thing not poison”. These words were expressed by the famous Swiss physician and scientist Paracelsus in the 16th century.

This week I will discuss two poisonous areas; a toxic derivatives market in silver and ubiquitous fake silver coins and bars.
But first a few words about the dollar.

CENTRAL BANKERS – MASTER FORGERS
The most blatant toxic forgery is carried out by central banks around the world. These banks manufacture $ tens of trillions of fiat paper or electronic entries and then tell the people that it is real money.

If ordinary people would print money, the forgers would go to jail and the money destroyed as it is fake and worthless.
But when central banks print money, no one goes to jail. Instead they tell us that this money has the same value as the money already in circulation.

They might actually be right.
Take the dollar – in real terms it has lost 98% since 1971. So all the dollars circulating are virtually worthless. Thus not much different to freshly printed dollars which are also worthless.

BIDEN & YELLEN TO MAKE HISTORY
In the next 4 years the BY team (Biden&Yellen) will most probably be the ones who fulfil Voltaire’s prediction in 1729 that “Paper Money Eventually Returns To Its Intrinsic Value – ZERO”.

Like Matt Piepenburg and myself, Voltaire knew he would be right because history has 100s of examples of governments and central banks destroying the currency.

Biden/Yellen don’t really need to do much since the dollar is already down 99% since 1913. So all they will do is to push it down another one percent. But we must remember that this one percent is actually 100% loss of value from today.

From the day the Fed was founded in 1913, the dollar’s demise was already written in the history books. And Biden/Yellen is the perfect team to be the executor of history as they drive the dollar to ZERO within the next 4 years.

WRONG DOSE OF POISON
Financial markets suffer from the wrong dose of poison. Trading financial instruments in the right dose is essential for efficient markets. But the heavily leveraged markets are extremely toxic and kill the weaker patients. And this is the kind of rigged market where the normal investor and small trader has no chance against big players be they hedge funds or central banks.
We have just seen how the Reddit group Wallstreetbets has taken on the big hedge fund boys. This Reddit forum is where a very great number of smaller traders discuss investments and interesting trades.

Will the Wallstreetbets group succeed in an attack on the massive silver shorts?

I will discuss this at the end of the article as well as their chances of success.

DAVID DISRUPTS GOLIATH’S POWER
Very few have avoided to notice how Wallstreetbets last week attacked Gamestop which was very heavily shorted by the hedge funds. The price went form $19 in early January and settled at $325 last Friday after having reached $350. One trader is said to have made $46 million on a $50,000 bet.

This is real David and Goliath stuff when small traders take on the hedge funds in their own game. Some hedge funds are said to have lost billions of dollars and very few people feel sorry for them. The Schadenfreude (gloating) is very apparent.

TOXIC GOLD & SILVER
Let’s first look at a toxic material that is distributed widely and could flood global markets in the next few years.
I am talking about fake gold and silver that could become a real pest.

Greed clearly drives these unscrupulous “manufacturers” of fake gold and silver bars/coins.


But greed is such a powerful driver that once you discover that people fall for your forgery, the Ponzi scheme grows extremely fast.

FAKE BARS AND COINS
We are regularly informed of fake gold and silver bars and coins, mainly coming from China.

Recently an old and trustworthy contact of mine informed me about his experience in buying silver coins from China on a website like the one below. He spent very little money, just to test the authenticity of the coins.
https://goldswitzerland.com/wp-conte...ake_silver.png

Due to rising metal prices, there are lots of online ads for US silver dollar coins like American Eagles, Peace dollars and Morgan silver dollars. The sellers are mainly in China.

My friend ordered the coins from China and when they finally arrived – low and behold, they were found to contain virtually no silver except for the surface coating. This after thorough testing.

The coins came from Shenzhen in China. My friend reported his findings to local authorities and the Secret Service and the site is now closed. But like a lot of these counterfeiters, they will most certainly pop up in a different name.

To buy US silver coins from China is clearly a red flag already. But since the Chinese are very big buyers of gold and silver, there are a lot of foreign coins on offer and obviously not all are fake.

CHINESE FACTORY PRODUCING FAKE GOLD
I had first hand information about a case of fake Chinese gold a few years ago. I was in Sydney and interviewed by Channel 7, an Australian news television channel. The news crew had just come back from China where they visited a Chinese gold factory.

In the factory they covertly filmed the vast offer of gold coins and bars with perfect markings from the major refiners in Switzerland, Australia and elsewhere. They bought $1/2 million worth of bars and coins for $500.

For a layman, there was no chance of telling that the gold was fake.

So these are just two examples of fake gold and silver coming out of China.

These fake bars and coins are sold over the internet, not just from China but anywhere in the world. But they can also be sold directly by rogue traders in any country.

There is less chance that these metals reach the well established chain of integrity between LBMA refiners and reputable sellers and vaults.

But the risk is there and even JP Morgan has reported bars with fake logos in their vaults.

BUY FRESHLY MINTED GOLD DIRECTLY FROM REPUTABLE REFINERS
In order to ensure the quality of gold we purchase for our clients, we always buy new bars or coins directly from the Swiss refiners.
If the client sells his gold, we sell it back to the Swiss refiner who melts it down and recasts it. Even if the same gold was sold the previous day by the refiner, they will always refine it again. This totally guarantees the quality of the gold and the integrity of Swiss gold.

FAKE GOLD AND SILVER WILL BECOME A MAJOR POISON
The obvious conclusion for buyers of gold and silver is to only deal with sellers of the highest reputation. It is preferable to buy fresh bars and coins but this is not easy to verify for an amateur.

As the price of the precious metals increase, there will be many new gold and silver “factories” popping up in China and many other countries in Asia.

This will create a major supply of fake gold and silver from all parts of the world.

These fake products will be distributed via the internet and also flood the retail market in many countries and be a real poison for buyers of precious metals.
So dealing with reputable companies is a Sine Qua Non!


BYE BYE DOW
Finally, we have reached the end of the first month of 2021.
In stocks I have in recent articles indicated that the long term secular top could occur in January. This link shows a very important 50 year Dow chart in my article. The second article has two equally important charts of the Dow/Gold ratio which is about to crash.
Our proprietary cycles forecast in early October that the charts of the weekly Nasdaq 100 and Dow would form important tops in the week Jan 18-22.

So far this forecast is correct. If that is confirmed in the next couple of weeks, we are likely to see the beginning of a major secular bear market with potential dramatic crashes.

Even if the big fall in the Dow and the Dow/Gold ratio will come slightly later, it is virtually guaranteed to happen in the next few months. And that will be the end of a spectacular period of debt, fake money and toxic markets.

WALLSTREETBETS TO ATTACK SILVER MARKET?
The ultimate insurance against a total destruction of your wealth, is obviously physical gold and silver stored outside the financial system.

Bitcoin might be a good speculative investment and might also work as a payment method if central banks don’t ban it. But it has nothing to do with real wealth preservation.

Silver is normally the leading indicator for the precious metals.

Following the spectacular short squeeze in Gamestop by the Reddit group Wallstreetbets, there is now speculation that the same could happen with silver.

Yes, everything is possible. But remember that in the gold and silver markets, against the Reddit players there will be:
The BIS (Bank of International Settlement),

The Fed, ECB and other central banks

Plus the bullion banks
So a lot of fire power to beat compared to the Gamestop opposition.


SILVER – THE INVESTMENT OF THE DECADE
The silver market is one of the most toxic of all. Heavily manipulated and with bullion banks now being 100 million oz of silver short on Comex and with no liquidity in London, as Alasdair Macleod has pointed out.

Still, even if not in the next week or two, silver will win this game in the medium and long term as the dosage of paper silver shorts is much too big to survive a short squeeze.
I would not be surprised to see the 1980 and 2011 $50 high to be taken out in 2021.
https://goldswitzerland.com/wp-conte...02/gsratio.png

So silver will lead the metals and the gold/silver ratio, now at 67, will initially reach 30 like in 2011. The long term target is likely to be a lot lower, probably 15 or below.

Expect 2021 to be the year when investors wake up to the fact that gold is not a barbarous relic but actually the best wealth protection you can hold and silver the investment of the decade, as I outlined in my October article.

Dear loveandpeace

YOU HAVE FAILED !!! I WILL SEND YOU BACK ALL THE MONEY THAT YOU PAID TO ME - THAT OF COURSE WAS ZERO !!!


Take care and be well !!!


Bruce

https://goldswitzerland.com/max-keis...onest-markets/

Matterhorn Asset Management founder, Egon von Greyerz, discusses the impossibility of fair pricing in a distorted precious metals market with Max Keiser, of the Keiser Report. Starting at 13 minutes and 10 seconds.

With bullion banks placing outsized shorts in the paper gold & silver trade, natural supply and demand forces are fighting artificial price ceilings in an openly manipulated futures market, of which sophisticated gold and silver investors are all too familiar. Here, Egon addresses such distorted price discovery with simple clarity, underscoring the same with basic math and common sense.

Specifically, Egon reminds that $70 trillion of paper gold is traded each year, despite only $213 billion in annual mine production. In sum, the math, and hence the pricing of paper gold, makes no sense. In such a distorted backdrop, physical rather than grossly manipulated paper gold, is the only real (and historical) store of value and source of sound money for informed wealth preservation.

https://www.lewrockwell.com/2021/02/...9GckMtzMAbAP3A

Before I digress slightly, let me state from the outset that the book by Greg Poulgrain that I am about to review is extraordinary by any measure. The story he tells is one you will read nowhere else, especially in the way he links the assassination of President Kennedy to former CIA Director Allen Dulles and the engineering by the latter of one of the 20th century’s most terrible mass murders. It will make your hair stand on end and should be read by anyone who cares about historical truth.

About twelve years ago I taught a graduate school course to Massachusetts State Troopers and police officers from various cities and towns. As part of the course material, I had created a segment on the history of the United States’ foreign policy, with particular emphasis on Indonesia.

No one in this class knew anything about Indonesia, not even where it was. These were intelligent, ambitious adults, eager to learn, all with college degrees. This was in the midst of the “war on terror” – i.e. war on Muslim countries – and the first year of Barack Obama’s presidency. Almost all the class had voted for Obama and were aware they he had spent some part of his youth in this unknown country somewhere far away.

I mention this as a preface to this review of JFK vs. Dulles, because its subtitle is Battleground Indonesia, and my suspicion is that those students’ lack of knowledge about the intertwined history of Indonesia and the U.S. is as scanty today among the general public as it was for my students a dozen years ago.
This makes Greg Poulgrain’s remarkable book – JFK vs. Allen Dulles: Battleground Indonesia – even more important since it is a powerful antidote to such ignorance, and a reminder for those who have fallen, purposefully or not, into a state of historical amnesia that has erased the fact that the U.S. has committed systematic crimes that have resulted in the deaths of more than a million Indonesians and many more millions throughout the world over innumerable decades.

Such crimes against humanity have been hidden behind what the English playwright Harold Pinter in his 2005 Nobel Prize address called “a tapestry of lies.” Of such massive crimes, he said:
But you wouldn’t know it.

It never happened. Nothing ever happened. Even while it was happening it wasn’t happening. It didn’t matter. It was of no interest. The crimes of the United States have been systematic, constant, vicious, remorseless, but very few people have actually talked about them.

And when one examines the true history of such atrocities, again and again one comes up against familiar names of the guilty who have never been prosecuted. Criminals in high places whose crimes around the world from Vietnam to Chile to Cuba to Nicaragua to Argentina to Iraq to Libya to Syria, etc. have been – and continue to be – integral to American foreign policy as it serves the interests of its wealthy owners and their media mouthpieces.Bevins, Vincent

In his brilliant new book on U.S./Indonesian history, Dr. Greg Poulgrain unweaves this tapestry of lies and sheds new light on the liars’ sordid deeds. He is an Australian expert on Indonesia whose work stretches back forty years, is a professor at University of the Sunshine Coast in Brisbane and has written four highly-researched book about Indonesia.

In JFK vs. Dulles, he exposes the intrigue behind the ruthless regime-change strategy in Indonesia of the longest-serving CIA director, Allen Dulles, and how it clashed with the policy of President John F. Kennedy, leading to JFK’s assassination, Indonesian regime change, and massive slaughter.
Poulgrain begins with this question:
Would Allen Dulles have resorted to assassinating the President of the United States to ensure that his ‘Indonesian strategy’ rather than Kennedy’s was achieved?

To which he answers: Yes.

But let me not get ahead of myself, for the long, intricate tale he tells is one a reviewer can only summarize, so filled is it with voluminous details. So I will touch on a few salient points and encourage people to buy and read this important book.

Indonesia’s Strategic Importance
The strategic and economic importance of Indonesia cannot be exaggerated. It is the world’s 4th most populous country (275+ million), is located in a vital shipping lane adjacent to the South China Sea, has the world’s largest Muslim population, has vast mineral and oil deposits, and is home in West Papua to Grasberg, the world’s largest gold mine and the second largest copper mine, primarily owned by Freeport McMoRan of Phoenix, Arizona, whose past board members have included Henry Kissinger, John Hay Whitney, and Godfrey Rockefeller.Dulles, Allen

Long a battleground in the Cold War, Indonesia remains vitally important in the New Cold War and the pivot to Asia launched by the Obama administration against China and Russia, the same antagonists Allen Dulles strove to defeat through guile and violence while he engineered coups home and abroad. It is fundamentally important in the Pentagon’s Indo-Pacific strategy for what it euphemistically calls a “free and open Indo-Pacific.” While not front-page news in the U.S., these facts make Indonesia of great importance today and add to the gravity of Poulgrain’s historical account.

JFK
Two days before President John Kennedy was publicly executed by the US national security state led by the CIA on November 22, 1963, he had accepted an invitation from Indonesian President Sukarno to visit that country the following spring. The aim of the visit was to end the conflict (Konfrontasi) between Indonesia and Malaysia and to continue Kennedy’s efforts to support post-colonial Indonesia with economic and developmental aid, not military. It was part of his larger strategy of ending conflict throughout Southeast Asia and assisting the growth of democracy in newly liberated post-colonial countries worldwide.

He had forecast his position in a dramatic speech in 1957 when, as a Massachusetts Senator, he told the Senate that he supported the Algerian liberation movement and opposed colonial imperialism worldwide. The speech caused an international uproar and Kennedy was harshly attacked by Eisenhower, Nixon, John Foster Dulles, and even liberals such as Adlai Stevenson. But he was praised throughout the third world.

Poulgrain writes:
Kennedy was aiming for a seismic shift of Cold War alignment in Southeast Asia by bringing Indonesia ‘on side.’ As Bradley Simpson stated (in 2008), ‘One would never know from reading the voluminous recent literature on the Kennedy and Johnson administrations and Southeast Asia, for example, that until the mid-1960s most officials [in the US] still considered Indonesia of far greater importance than Vietnam or Laos.

Of course JFK never went to Indonesia in 1964, and his peaceful strategy to bring Indonesia to America’s side and to ease tensions in the Cold War was never realized, thanks to Allen Dulles. And Kennedy’s proposed withdrawal from Vietnam, which was premised on success in Indonesia, was quickly reversed by Lyndon Johnson after JFK’s murder on November 22, 1963. Soon both countries would experience mass slaughter engineered by Kennedy’s opponents in the CIA and Pentagon. Millions would die.Douglass, James W.

While the Indonesian mass slaughter of mainly poor rice farmers (members of the Communist Party – PKI) instigated by Allen Dulles began in October 1965, ten years later, starting in December 1975, the American installed Indonesian dictator Suharto, after meeting with Henry Kissinger and President Ford and receiving their approval, would slaughter hundreds of thousands East-Timorese with American-supplied weapons in a repeat of the slaughter of more than a million Indonesians in 1965 when the CIA engineered the coup d’état that toppled President Sukarno. The American installed dictator Suharto would rule for thirty years of terror. The CIA considers this operation one of its finest accomplishments. It became known as “the Jakarta Method,” a model for future violent coups throughout Latin America and the world.

And in-between these U.S. engineered mass atrocities, came the bloody coup in Chile on September 11, 1973 and the ongoing colossal U.S. war crimes in Vietnam, Laos, and Cambodia.

Dulles’s Secret
What JFK didn’t know was that his plans for a peaceful resolution of the Indonesia situation and an easing of the Cold War were threatening a covert long-standing conspiracy engineered by Allen Dulles to effect regime change in Indonesia through bloody means and to exacerbate the Cold War by concealing from Kennedy the truth that there was a Sino-Soviet split. Another primary goal behind this plan was to gain unimpeded access to the vast load of natural resources that Dulles had kept secret from Kennedy, who thought Indonesia was lacking in natural resources. But Dulles knew that if Kennedy, who was very popular in Indonesia, visited Sukarno, it would deal a death blow to his plan to oust Sukarno, install a CIA replacement (Suharto), exterminate alleged communists, and secure the archipelago for Rockefeller controlled oil and mining interests, for whom he had fronted since the 1920s.

Reading Poulgrain’s masterful analysis, one can clearly see how much of modern history is a struggle for control of the underworld where lies the fuel that runs the megamachine – oil, minerals, gold, copper, etc. Manifest ideological conflicts, while garnering headlines, often bury the secret of this subterranean devil’s game.Talbot, David

The Discovery of Gold
His murder mystery/detective story begins with a discovery that is then kept secret for many decades. He writes:
In the alpine region of Netherlands New Guinea (so named under Dutch colonial rule – today, West Papua) in 1936, three Dutchmen discovered a mountainous outcrop of ore with high copper content and very high concentrations of gold. When later analyzed in the Netherlands, the gold (in gram/ton) proved to be twice that of Witwatersrand in South Africa, then the world’s richest gold mine, but this information was not made public.

The geologist among the trio, Jean Jacques Dozy, worked for the Netherlands New Guinea Petroleum Company (NNGPM), ostensibly a Dutch-controlled company based in The Hague, but whose controlling interest actually lay in the hands of the Rockefeller family, as did the mining company, Freeport Sulphur (now Freeport McMoRan, one of whose Directors from 1988-95 was Henry Kissinger, Dulles’ and the Rockefeller’s close associate) that began mining operations there in 1966.

It was Allen Dulles, Paris-based lawyer in the employ of Rockefeller’s Standard Oil, who in 1935 arranged the controlling interest in NNGPN for the Rockefellers. And it was Dulles, among a select few others, who, because of various intervening events, including WW II, that made its exploitation impossible, kept the secret of the gold mine for almost three decades, even from President Kennedy, who had worked to return the island to Indonesian control. JFK “remained uninformed of the El Dorado, and once the remaining political hurdles were overcome, Freeport would have unimpeded access.” Those “political hurdles” – i.e. regime change – would take a while to effect.

The Need to Assassinate President Kennedy
But first JFK would have to be eliminated, for he had brokered Indonesian sovereignty over West Papua/West Irian for Sukarno from the Dutch who had ties to Freeport Sulphur. Freeport was aghast at the potential loss of “El Dorado,” especially since they had recently had their world’s most advanced nickel refinery expropriated by Fidel Castro, who had named Che Guevara its new manager. Freeport’s losses in Cuba made access to Indonesia even more important. Cuba and Indonesia thus were joined in the deadly game of chess between Dulles and Kennedy, and someone would have to lose.

While much has been written about Cuba, Kennedy, and Dulles, the Indonesian side of the story has been slighted. Poulgrain remedies this with an exhaustive and deeply researched exploration of these matters. He details the deviousness of the covert operations Dulles ran in Indonesia during the 1950s and 1960s. He makes it clear that Kennedy was shocked by Dulles’s actions, yet never fully grasped the treacherous genius of it all, for Dulles was always “working two or three stages ahead of the present.” Having armed and promoted a rebellion against Sukarno’s central government in 1958, Dulles made sure it would fail (shades of the Bay of Pigs to come) since a perceived failure served his long-term strategy. To this very day, this faux 1958 Rebellion is depicted as a CIA failure by the media. Yet from Dulles standpoint, it was a successful failure that served his long-term goals.

“This holds true,” Poulgrain has previously written, “only if the stated goal of the CIA was the same as the actual goal. Even more than five decades later, media analysis of the goal of The Outer Island rebels is still portrayed as a secession, as covert US support for ‘rebels in the Outer Islands that wished to secede from the central government in Jakarta’. The actual goal of Allen Dulles had more to do with achieving a centralized army command in such a way as to appear that the CIA backing for the rebels failed.”

Dulles’ the Devil
Dulles betrayed the rebels he armed and encouraged, just as he betrayed friend and foe alike during his long career. The rebellion that he instigated and planned to fail was the first stage of a larger intelligence strategy that would come to fruition in 1965-6 with the ouster of Sukarno (after multiple unsuccessful assassination attempts) and the institution of a reign of terror that followed. It was also when – 1966 – Freeport McMoRan began their massive mining in West Papua at Grasberg at an elevation of 14,000 feet in the Alpine region. Dulles was nothing if not patient; he had been at this game since WW I. Even after Kennedy fired him following the Bay of Pigs, his plans were executed, just as those who got in his way were. Poulgrain makes a powerful case that Dulles was the mastermind of the murders of JFK, U.N. Secretary General Dag Hammarskjold (working with Kennedy for a peaceful solution in Indonesia and other places), and Congolese President Patrice Lumumba, the first president of a newly liberated Congo.

His focus is on why they needed to be assassinated (similar in this regard to James Douglass’s JFK and the Unspeakable), though with the exception of Kennedy (since the how is well-known and obvious), he also presents compelling evidence as to the how. Hammarskjold, in many ways Kennedy’s spiritual brother, was a particularly powerful obstacle to Dulles’s plans for Indonesia and colonial countries throughout the Third World. Like JFK, he was committed to independence for indigenous and colonial peoples everywhere and was trying to implement his Swedish-style ‘third way,’ proposing a form of ‘muscular pacifism’.

Poulgrain argues correctly that if the UN Secretary General succeeded in bringing even half these colonial countries to independence, he would have transformed the UN into a significant world power and created a body of nations so large as to be a counter-weight to those embroiled in the Cold War.
He draws on documents from the South African Truth and Reconciliation Commission (TRC) and Chairman Archbishop Desmond Tutu to show the connection between South Africa’s “Operation Celeste” and Dulles’s involvement in Hammarskjold’s murder in September 1961. While it was reported at the time as an accidental plane crash, he quotes former President Harry Truman saying, “Dag Hammarskjold was on the point of getting something done when they killed him. Notice that I said, ‘When they killed him’.” Hammarskjold, like Kennedy, was intent on returning colonized countries to their indigenous inhabitants and making sure Papua was for Papuans, not Freeport McMoRan and imperial forces.

And Dulles sold his overt Indonesian strategy as being necessary to thwart a communist takeover in Indonesia. Cold War rhetoric, like “the war on terrorism” today, served as his cover. In this he had the Joint Chiefs of Staff on his side; they considered Kennedy soft on communism, in Indonesia and Cuba and everywhere else. Dulles’s covert agenda was to serve the interests of his power elite patrons.

While contextually different from David Talbot’s portrayal of Dulles in The Devil’s Chessboard, Poulgrain’s portrait of Dulles within the frame of Indonesian history is equally condemnatory and nightmarish. Both describe an evil genius ready to do anything to advance his agenda.

Dulles and George de Mohrenschildt
Poulgrain adds significantly to our understanding of JFK’s assassination and its aftermath by presenting new information about George de Mohrenschildt, Lee Harvey Oswald’s handler in Dallas. Dulles had a long association with the de Mohrenschildt family, going back to 1920-21 when in Constantinople he negotiated with Baron Sergius Alexander von Mohrenschildt on behalf of Rockefeller’s Standard Oil. The Baron’s brother and business partner was George’s father. Dulles’s law firm, Sullivan & Cromwell, was Standard Oil’s primary law firm. These negotiations on behalf of elite capitalist interests, in the shadow of the Russian Revolution, became the template for Dulles’s career: economic exploitation was inseparable from military concerns, the former concealed behind the anti-communist rhetoric of the latter. An anti-red thread ran through Dulles’s career, except when the red was the blood of all those whom he considered expendable. And the numbers are legion. Their blood didn’t matter.

Standard Oil is the link that joins Dulles [who controlled the Warren Commission investigating the assassination of JFK] and de Mohrenschildt. This connection was kept from the Warren Commission despite Dulles’ prominent role and the importance of the testimony of de Mohrenschildt. Poulgrain argues convincingly that de Mohrenschildt worked in “oil intelligence” before his CIA involvement, and that oil intelligence was not only Dulles’s work when he first met George’s father, Sergius, in Baku, but that that “oil intelligence” is a redundancy. The CIA, after all, is a creation of Wall Street and their interests have always been joined. The Agency was not formed to provide intelligence to US Presidents; that was a convenient myth used to cover its real purpose which was to serve the interests of investment bankers and the power elite, or those I call The Umbrella People who control the U.S.

While working in 1941 for Humble Oil (Prescott Bush was a major shareholder, Dulles was his lawyer, and Standard Oil had secretly bought Humble Oil sixteen years before), de Mohrenschildt was caught up in a scandal that involved Vichy (pro-Nazi) French intelligence in selling oil to Germany. This was similar to the Dulles’s brothers and Standard Oil’s notorious business dealings with Germany.

It was an intricate web of the high cabal with Allen Dulles at the center.

In the midst of the scandal, de Mohrenschildt, suspected of being a Vichy French intelligence agent, “disappeared” for a while. He later told the Warren Commission that he decided to take up oil drilling, without mentioning the name of Humble Oil that employed him again, this time as a roustabout.

“Just when George needed to ‘disappear’, Humble Oil was providing an oil exploration team to be subcontracted to NNGPM – the company Allen Dulles had set up five years earlier to work in Netherlands New Guinea.” Poulgrain makes a powerful circumstantial evidence case (certain documents are still unavailable) that de Mohrenschildt, in order to avoid appearing in court, went incommunicado in Netherlands New Guinea in mid-1941 where he made a record oil discovery and received a $10,000 bonus from Humble Oil.

“Avoiding adverse publicity about his role in selling oil to Vichy France was the main priority; for George, a brief drilling adventure in remote Netherlands New Guinea would have been a timely and strategic exit.” And who best to help him in this escape than Allen Dulles – indirectly, of course; for Dulles’s modus operandi was to maintain his “distance” from his contacts, often over many decades.

In other words, Dulles and de Mohrenschildt were intimately involved for a long time prior to JFK’s assassination. Poulgrain rightly claims that “the entire focus of the Kennedy investigation would have shifted had the [Warren] Commission become aware of the 40-year link between Allen Dulles and de Mohrenschildt.” Their relationship involved oil, spying, Indonesia, Nazi Germany, the Rockefellers, Cuba, Haiti, etc. It was an international web of intrigue that involved a cast of characters stranger than fiction, a high cabal of the usual and unusual operatives.

Two unusual ones are worth mentioning: Michael Fomenko and Michael Rockefeller. The eccentric Fomenko – aka “Tarzan” – is the Russian-Australian nephew of de Mohrenschildt’s wife, Jean Fomenko. His arrest and deportation from Netherlands New Guinea in 1959, where he had travelled from Australia in a canoe, and his subsequent life, are fascinating and sad. It’s the stuff of a bizarre film. It seems he was one of those victims who had to be silenced because he knew a secret about George’s 1941 oil discovery that was not his to share. “In April 1964, at the same time George de Mohrenschildt was facing the Warren Commission – a time when any publicity regarding Sele 40 [George’s record oil discovery] could have changed history – it was decided that electro-convulsive therapy would be used on Michael Fomenko.” He was then imprisoned at the Ipswich Special Mental Hospital.

Equally interesting is the media myth surrounding the disappearance of Michael Rockefeller, Nelson’s son and heir to the Standard Oil fortune, who was allegedly eaten by cannibals in New Guinea in 1961. His tale became front-page news, “a media event closed off to any other explanation and the political implications of his disappearance became an ongoing tragedy for the Papuan people.” To this very day, the West Papuan people, whose land was described by Standard Oil official Richard Archbold in 1938 as “Shangri-la,” are fighting for their independence.

The Sino-Soviet Split
While the gold in West Papua was very important to Allen Dulles, his larger goal was to keep the Cold War blazing by concealing the dispute between China and the Soviet Union from Kennedy while instigating the mass slaughter of “communists” that would lead to regime change in Indonesia, with Major-General Suharto, his ally, replacing President Sukarno. In this he was successful. Poulgrain says:

Not only did Dulles fail to brief Kennedy on the Sino-Soviet dispute early in the presidency, but he also remained silent about the rivalry between Moscow and Beijing to wield influence over the PKI or win its support. In geographical terms, Beijing regarded Indonesia as its own backyard, and winning the support of the PKI would give Beijing an advantage in the Sino-Soviet dispute. The numerical growth of the PKI was seen by Moscow and Beijing for its obvious political potential. Dulles was also focused on the PKI, but his peculiar skill in political intelligence turned what seemed inevitable on its head. The size of the party [the Indonesian Communist Party was the largest outside the Sino-Soviet bloc] became a factor he used to his advantage when formulating his wedge strategy – the greater the rivalry between Moscow and Beijing over the PKI, the more intense would be the recrimination once the PKI was eliminated.

The slaughter of more than a million poor farmers was a trifle to Dulles.

The September 30, 1965 Movement
In the early hours of October 1, 1965, a fake coup d’état was staged by the CIA’s man, Major-General Suharto. It was announced that seven generals had been arrested and would be taken to President Sukarno “to explain the rumor that they were planning a military coup on October 5.” Suharto declared himself the head of the army. Someone was said to have killed the generals. In the afternoon, a radio announcement was made calling for the Sukarno government to be dismissed. This became Suharto’s basis for blaming it on the communists and the so-called September 30 Movement, and he gave the order to kill the PKI leaders. This started the massive bloodshed that would follow.

With one hand, Suharto crushed the Movement, accusing the PKI of being the ultimate instigator of an attempt to oust Sukarno, and with the other hand he feigned to protect the “father of the Indonesian revolution,” while actually stripping Sukarno of every vestige of political support.

When the generals’ bodies were recovered a few days after Oct 1, Suharto falsely claimed the PKI women had tortured and sexually mutilated them as part of some primitive sexual orgy. This heinous perversion of power was the start of the Suharto era. In total control of the media, he manipulated popular wrath to call for revenge.

If this confuses you, it should, because the twisted nature of this fabricated coup was actually part of a real coup in slow motion aimed at ousting Sukarno and replacing him with the CIA’s man Suharto. This occurred in early 1967 after the mass slaughter of communists. It was a regime change cheered on by the American mass media as a triumph over communist aggression.

New Evidence of U.S. Direct Involvement in the Slaughter
Poulgrain has spent forty years interviewing participants and researching this horrendous history. His detailed research is quite amazing. And it does take concentration to follow it all, as with the machinations of Dulles, Suharto, et al.

Some things, however, are straightforward. For example, he documents how, during the height of the slaughter, two Americans – one man and one woman – were in Klaten (PKI headquarters in central Java) supervising the Indonesian army as they killed the PKI. These two would travel back and forth by helicopter from a ship of the U.S. 7th Fleet that was off the coast of Java. The plan was that the more communists killed, the greater would be the dispute between Moscow and Beijing, since they would accuse each other for the tragedy, which is exactly what they did. This was the wedge that was mentioned in the Rockefeller Brothers Panel Report from the late 1950s in which Dulles and Henry Kissinger both participated.

The hatred drummed up against these poor members of the Communist Party was extraordinary in its depravity. In addition to Suharto’s lies about communist women mutilating the generals’ bodies, a massive campaign of hatred was directed against these landless peasants who made up the bulk of the PKI. False Cold War radio broadcasts from Singapore stirred up hostility toward them, declaring them atheists, etc. Wealthy Muslim landowners – the 1 per cent – made outrageous charges to assist the army’s slaughter. Poulgrain tells us:
Muhammadiyah preachers were broadcasting from mosques that all who joined the communist party must be killed, saying they are the ‘lowest order of infidel, the shedding of whose blood is comparable to killing a chicken.’

For those Americans especially, who think this history of long ago and far away does not touch them, its compelling analysis of how and why Allen Dulles and his military allies would want JFK dead since he was a threat to national security as they defined in it their paranoid anti-communist ideology might be an added impetus to read this very important book. Indonesia may be far away geographically, but it’s a small world. Dulles and Kennedy had irreconcilable differences, and when Dulles was once asked in a radio interview what he would do to someone who threatened national security, he matter-of-factually said, “I’d kill him.” The Joint Chiefs of Staff agreed.

I would be remiss if I didn’t say that the introduction to JFK vs. Dulles by Oliver Stone and the afterward by James DiEugenio are outstanding. They add excellent context and clarity to a really great and important book.

Reprinted with the author’s permission.

Kingdom of Priests

Shevat 22, 5781 · February 4, 2021

Kingdom of Priests


By Tali Loewenthal
Scientists have claimed that the Jewish priests, the Cohanim, are distinguished from other Jews by a particular gene transmitted through the male line. This distinction applies both to Ashkenazim (western Jews) and Sefardim (eastern Jews).

According to the Torah, all Cohanim are descended from one man: Aaron, the brother of Moses. Further, while any human being can convert to Judaism, no one can convert to become a Cohen. These points help to substantiate the claim that Cohanim are actually genetically distinguished from other Jews.

The special role of the Cohen is to serve in the Temple, as representative of the entire Jewish people. The effect of the Cohanim is to bond the Jewish people and the world as a whole to G-d through their special service. The Cohanim, both in Temple times and today, also have a special power of blessing. In order to be able to carry out their spiritual task, the Cohen is bound by special laws which do not apply to anyone else.

This helps us understand an interesting passage in our Parshah, which is a kind of introduction to the centre-point of the Torah, the giving of the Ten Commandments at Mount Sinai. G-d instructs Moses to make the following declaration to the Jewish people:
You saw what I did in Egypt, carrying you on eagles' wings and bringing you to Me. Now if you obey Me and keep My covenant, you will be My special treasure among all nations, because all the world is Mine.

You will be for Me a Kingdom of Priests and a holy people.1

These words are often quoted to explain the "chosen" quality of the Jewish people. We have a special relationship with G-d, with a special covenant which includes laws which relate specifically to the Jewish people and to no-one else. G-d tells us that the effect of this relationship is that we will become a "Kingdom of Priests."

What does this phrase mean?

One way of understanding it is as describing the innate closeness to G-d of each individual Jew. A further aspect, however, is that it emphasizes the responsibility of the Jewish people and of each Jewish man or woman.

Closeness to G-d, being like a "priest" or even like a High Priest, imparts also the power and responsibility to make the world into a dwelling for the Divine, a realm where holiness can be expressed. This means teaching, guiding, having an effect not only on Jews but also non-Jews. Just as the Cohanim bond the Jewish people to G-d, so the Jews, as a Kingdom of Priests, bond the whole world to G-d.

This sense of responsibility is also the true meaning of the chosenness of the Jew. Each one of us was chosen at the Giving of the Torah described in the Parshah. The Sages tell us all Jewish souls which would ever be born were present, including all future proselytes to Judaism.

Each man and woman is chosen to keep and to transmit G-d's teachings -- the 613 mitzvot for the Jewish people, and the Seven Noachide Laws for the nations of the world. The responsibility of each Jew is the goal to change the world for good, in one's own life and surroundings, yet ultimately with a chain effect which will affect all existence, bringing the Redemption for the Jewish people and all humanity.2

FOOTNOTES
1.Exodus 19:5-6.
2.See the commentary of Baal HaTurim and Seforno to Exodus 19:6, the Lubavitcher Rebbe's Likkutei Sichot, vo1.25, p.330, and Maimonides' Mishneh Torah, Laws of Repentance 3:4.

https://www.reuters.com/article/chin...-idUSL8N2K202H

Bank of China issues first 'Yulan' bond
By Reuters Staff

Feb 4 (Reuters) - The Brussels-based securities depository Euroclear said on Friday that Bank of China had become the first issuer of a so-called Yulan bond, a new asset class designed to link Chinese issuers with global investors.

Bank of China’s issuance of $500 million in three-year Yulan bonds was four times oversubscribed, Euroclear said in a statement, without providing details.

Yulan bonds are issued through Shanghai Clearing House, which serves the Chinese interbank bond market. But international investors settle the securities within Euroclear’s network, and thus do not need to understand the Chinese settlement system.

Euroclear and Shanghai Clearing House announced the asset class, named after Shanghai’s city flower, the magnolia, in December.
The Regulation S bond, issued by Bank of China through its Hong Kong branch, bears a 0.75% coupon and was issued at a spread of 67 basis points over U.S. Treasuries, according to Refinitiv data.

The rating agency Moody’s had previously assigned an A1 rating to the issuance, and Fitch Ratings rated the bond A. (Reporting by Andrew Galbraith; Editing by Kevin Liffey)

Our Standards: The Thomson Reuters Trust Principles.

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