13 Reasons for Major Gold Breakout
13 Reasons for Major Gold Breakout
by Jim Willie, CB. Editor, Hat Trick Letter | September 10, 2009
Before the Hat Trick Letter was launched, a little splash was made when a Jackass Nobody wrote “25 Reasons Why Gold Will Rise” in November 2002. It was so many years ago that the piece no longer appears in archives. The motive for the article was simple. Just too much pure nonsense and genuine rubbish had appeared in the financial press about why gold was rising. ‘THEY’ claimed the gold price was rising from MidEast tensions, from new global tensions due to a False Flag attack on New York City in broad daylight, and from other factors clearly irrelevant to gold. It was not disinformation so much as stark ignorance and stupidity, perhaps even compromised marketing from the fiat bowels on Wall Street. The crack analysts in financial circles overlooked the negative real interest rates offered by central banks, as the miniscule official rates were overwhelmed by price inflation, thus rendering gold a free pass profitable investment. Stupid inane mindless drivel continues to pour out today as to why gold has reached the $1000 level. In simple English, THEY HAVE ABSOLUTELY NO IDEA WHY GOLD IS RISING. The faceless ‘THEY’ had no idea in 2002 and ‘THEY’ have no idea now. The main fallback factor ‘THEY’ turn to is a hedge against price inflation, the basic kindergarten concept. The Wall Street machine still uses mental crayons, as nothing has changed. They are too busy building leveraged contraptions and forging collusions. Those who are aware in the Mainstream are dead silent as to why gold rises, since they realize their world is to vanish.
The original litany of reasons was examined two years later in “25 Reasons Why Gold Will Rise (revisited) + 2 more reasons added” from August 2004 (CLICK HERE). A couple mining factors had cropped up, worthy of inclusion. A quick swing to the present, after the insolvent US bank system died in September 2008, after the discredited USFed capitulated to offer near 0% rates, after colossal fraud spewed from Wall Street corner offices, after fraud was compounded by the Goldman Sachs creation of Congressional slush funds for self-dealing banker benefit, after the home mortgages continued to hurtle over the foreclosure cliff, after the USEconomy continued on a path of disintegration. Here we are again with oafish hack apologist morons trying to explain the rise in the gold price. To comprehend the golden factors requires them to leap forward well past their Wall Street marketing pay grade.
GLOBAL MONETARY SYSTEM BREAKDOWN
An acute lack of gold comprehension is evident almost on a global basis. The entire system is wedded to toxic paper. For the most part, so-called experts, industry analysts, and network anchors have absolutely no idea why gold has risen above the $1000 level. They are blind to the Paradigm Shift away from the USDollar and cannot admit the breakdown of the global monetary system. Their jobs might require them to turn a blind eye to such catastrophic events. At best they might have spent their entire careers inside the noxious US$ Greenhouse Dome, unable to see from an external vantage point, in no position to see the Dome from an outside perspective. It will be interesting to observe how long the ‘SYSTEM’ remains ignorant of the massive changes taking place, as the stages they sit upon and work upon are slowly vanishing. Their claims for golden reasons are vacant shallow factors. THEY miss the major factors. They do notice a staggering amount of fiat money being created without basis, which would fall generally under item#2. The actual reasons are many. The list is somewhat debatable, subject to interpretation. Some argument might even come from within the gold community.
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"13 Reasons for Major Gold Breakout" by Jim Willie, CB, FSU Editorial 09/10/2009
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