Gold Price: “We’re Going To Kill The Dollar,” Senior Obama Official (GLD, SLV, UUP, GDX, AGQ, IAU, GDXJ)
Dominique de Kevelioc de Bailleul: Thinking the gold market has seen its best days? Not a chance, if the Fed and the Washington pathocrats get their way. Speaking at AmeriCatalyst 2011, in November, hedge fund manager extraordinaire Kyle Bass of Hayman Capital Management LP told attendees he was given one of the strategies for reviving a dying U.S. economy. It involves devaluing the U.S. dollar to affect renewed export demand.
No surprise there, really, as the playbook for mature economies, strapped with bizarre levels of public and private debt, deficits and stagnant employment, always opt for trashing the currency to make good on debt promises. Get my next ALERT 100% FREE
“The governments idea right now is we are going to export our way out of this,” Bass said with a grin. “And when I asked a senior Obama administration official last week how are we going to grow exports if we won’t allow nominal wage deflation, he said we are just going to kill the dollar.”
Gold (NYSEARCA:GLD) should soar in the coming years as the cat can no longer be contained in the bag, even too obvious to the most financially illiterate among us. How the Fed will explain a continuation of rising food and energy costs should prove interesting.
Why should Bass be told about such a sensitive issue? Most likely the “senior Obama official” wasn’t especially concerned with Kyle Bass and his obscure name recognition level with the public, nor was this “official” prepared to lose credibility with a pretty sharp hedge fund manager with tired government propaganda.
So, how rapidly could the dollar decline to achieve this export miracle.
If the signing of the National Defense Authorization Act (NDAA), suspending a good chunk of the Bill of Rights, by a sitting U.S. president doesn’t provide a strong enough clue to the extent of mayhem expected (feared?) in the coming months in the U.S., it would take similarly blind faith to expect that a baby crawling across a busy highway during rush hour will reach the other side unscathed.
The Godless and humorless woman, Ayn Rand, once said “We can evade reality, but we cannot evade the consequences of evading reality.” Or, taken from another philosophical prospective, the shaman priest could recommend to his ‘flock’ to use the brain that God had given them to figure out what’s most likely in store for the U.S.
And for those who feel too old to bother with such nonsense of currency devaluations and the extra chore involved in learning more about precious metals while living the romanticized ‘golden’ years, the pathocracy that has crept into America’s forefathers’ Republic has already counted the vast majority of you out—sizing up the more-than-65-years-old group as the Greenback cannon fodder for the State of alleged free people dependent upon pensions and savings, too old, too civilized and too shocked to take on low-IQ goon squads in defense of their life savings.
In his book, Political Ponerology: A Science on the Nature of Evil Adjusted for Political Purposes, Andrew Lobaczewski, wrote:
During stable times, which are ostensibly happy, albeit dependent upon injustice to other individuals and nations, doctrinaire people believe they have found a simple solution to fix the world. Such a historical period is always characterized by an impoverished psychological world view, so that a schizoidally impoverished psychological world view does not stand out as odd during such times and is accepted as legal tender.
The kickoff of the bogus 9-11 event; Patriot Act; Iraq War; Afghanistan invasion; TSA; FEMA camps, tyrannical handling of the OWS movement; obvious Ron Paul blackout; and the suspension of the Constitution with a flick of pen—were all achieved within one decade! Compare that with a generation, which protested against the war in Vietnam and expressed outrage during the 1968 Democrat Convention, ending with the resignation of a U.S. president and a tumbling U.S. dollar for the remainder of the decade of the 1970s.
This time, the finale could include a real war with Iran (proxy of Russia and China) as a means of raising Obama’s approval rating in time for the 2012 election. As bizarre and suicidal as an all-out war with Iran may seem, consider the alternative, a collapsed dollar in a country that sports more firearms than it calls citizens, with no enemy outside of the pathocracy to blame for the economic collapse. The trials and imprisonments would begin very shortly.
A strong presidency during wartime could be the rouse to take the bite out of a dollar free-fall, keeping the illusion of ‘normalcy’ of perpetual war intact for a while longer.
If the laws of normal man were to be reinstated, they and theirs could be subjected to judgment, including a moralizing interpretation of their psychological deviations; they would be threatened by a loss of freedom and life, not merely a loss of position and privilege.
Comment: Wouldn’t a Ron Paul win threaten the pathocracy? Auditing the Fed and the NY Fed’s Exchange Stability Fund (ESF) would blow the 75-year fraud of the dollar wide open. There would be no recovery from that.
Since they [pathocrats] are incapable of this kind of sacrifice, the survival of a system which is the best for them becomes a moral imperative. Such a threat must be battled by means of any and all psychological and political cunning implemented with a lack of scruples with regard to those other ‘inferior-quality’ people that can be shocking in its depravity.
Comment: After killing one million-plus Iraqis, Bush makes jokes at a roast about not finding weapons of mass destruction. Cheney openly states torture is okay, knowing the practice is against the Geneva Convention and is a war crime. The course for a totalitarian regime had already been planned.
This should be kept firmly in mind by those who think that getting rid of George W. Bush and the Neocons will change anything. [Beacon Equity Research Editor's note.]
Comment: Isn’t that what Alex Jones of Infowars.com and former Assistant Secretary to the Treasury and father of Reagonomics Paul Craig Roberts have said for some years now? Some have characterized the U.S. as an inverted totalitarian state. Democrats and Republicans work for the pathocrats.
In general, this new class is in the position to purge its leaders should their behavior jeopardize the existence of such a system. This could occur particularly if the leadership wished to go too far in compromising with the society of normal people, since their qualifications make them essential for production. The latter is more a direct threat to the lower echelons of the pathocratic elite than to the leaders
Comment: Doesn’t that explain the actions of Greenspan, Rubin, Obama, Bush, Cheney, Blankfein, Jamie Dimon, Bernanke, Geithner, Paulson and a list of Washington and Wall Street minions too long to list here? Isn’t that what Ron Paul has been talking about for several decades now? And if Ron Paul doesn’t float your boat, hasn’t the emerging leader of Generation X age group, Max Keiser of the Keiser Report, already exposed enough of these criminals? Who would have thought the CEO of a stodgy bank like JP Morgan’s Jamie Dimon would be as well-known as Max Keiser.
Pathocracy survives thanks to the feeling of being threatened by the society of normal people, as well as by other countries wherein various forms of the system of normal man persist. For the rulers, staying on the top is therefore the classic problem of ‘to be or not to be.’
Comment: That last line, in other words, means, roll the dice and go for broke. The victors are never tried for their crimes. Therefore, go to war with Iran (U.S. citizens are accustomed to wars), bring Russia and China into it, watch oil soar to at least $200 per barrel during the closing of the Strait of Hormuz, resulting in a further and accelerated collapse of the U.S. economy and dollar, which is on the brink of caving in, anyway.
After the shock and awe—and boos, the dialogue, then, becomes quite predictable, especially with a U.S. media already complicit with the wishes of a corporatist State turned pathocratic and anti-Arab-Persian-Muslim (helping a foreign nation that really has a motive for stirring up war with its neighbors in the region, Israel). The world will blame Iran (no.2 of the axis of evil) for $200 oil and a collapsing dollar. Anyone not on the same page is branded a domestic terrorist.
It’s 9-11, part II. But instead of a falling buildings and stock market, it’s going to be far worse, and global, including a dollar fiasco, bank holidays, TSA everywhere, severe social unrest, and a raft of further, now ‘codified’, un-Constitutional responses to the crisis, according to Gerald Celente.
Therefore, the U.S. loses all remaining credibility of everyone paying back its debt, instead, acting more like a CIA-installed Pinochet regime on steroids. Internal false flag attacks from ‘extremest’, played by FBI stooges, will have U.S. citizens debating whether the other stooges at the TSA should be deployed for protection anywhere two or more individuals gather.
Related: SPDR Gold Trust (NYSEARCA:GLD), iShares Silver Trust (NYSEARCA:SLV), ProShares Ultra Silver (NYSEARCA:AGQ), Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ), Market Vectors Gold Miners ETF (NYSEARCA:GDX), iShares Gold ETF (NYSEARCA:IAU), PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP).
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