The Phaserl


Weekend ‘Pep Talk’ – We Are Winning, and Won’t Be Stopped

by Andy Hoffman, Miles Franklin:

I’m going to act as your “spirit guide,” in our ongoing quest to save ourselves from the Hitler-esque “elites” that have commandeered monetary policy and financial markets – in the process, destroying global economic activity, political stability, and fiat purchasing power. This same scenario has played out hundreds of times throughout history, with the same ultimate result. Which is, total destruction of citizens’ savings, and a total loss of faith in the governments and Central banks issuing them. Only this time, for the first time in history, not a single nation’s currency is backed by anything except faith – which is rapidly collapsing, as the average global currency is at, near, or in many cases well below its all-time low valuation. And for those that think I’m “puffing,” here’s proof of what I speak. First, the average currency decline against the U.S. dollar – i.e., the “reserve currency” that’s been printed more than any other – since the 2008 crisis, of a whopping 42%.

Next, a chart showing that on average, gold prices in the world’s major currencies are trading a mere 3% below the all-time highs established in 2011-12. With the notable laggard being gold in said “reserve currency” – which is still down 30% from its 2011 high because the U.S. is the focal point of the Cartel’s suppression operations. Like all financial assets, higher prices prompt rising demand. Thus, you can be sure that whatever “weakness” is currently being experienced in U.S. gold and silver demand, is being more than made up for overseas, where the other 95% of the world’s population resides. Which, I might add, is why it’s utterly ridiculous when “analysts” claim gold’s demand is directly correlated to the dollar’s exchange rate with foreign currencies; particularly the Yen, which is purposely self-destructing; and the Euro, which may not even exist a year from now.

As long-time readers know, I have been “all-in” the Precious Metal sector for 14½ years, as both a passive investor and an active observer of every imaginable factor related to its movement. Literally, I have watched every tick over this time – and given my background as a financial analyst (CFA Charter, 15 years on Wall Street, five as an investor relations officer in the mining industry, and five as Marketing Director of Miles Franklin), I am uniquely suited to understand the coalescence of these variables.

Moreover, I have become a “Cartel watcher” to the extent a “storm chaser” follows tornados, a Trekkie follows Comic-Con conventions, or a Deadhead follows Grateful Dead shows. In other words, I know when they’re sleeping (never), I know when they’re awake (always), and I can effortlessly interpret their every move in between. Which includes, I might add, the complex – and sometimes, not so complex – relationships between the powers that be’s principal manipulative tools, of money printing, market “intervention,” and propaganda.

As I write, history’s largest, most destructive fiat Ponzi scheme is in its terminal phase of collapse – as evidenced by the aforementioned currency implosions; the highest-ever – and parabolically growing – levels of debt; and the worst economic environment in generations, characterized by massive oversupply of essentially everything, care of the unprecedented “deformation” of financial markets by Central bank policy. Negative interest rates, the monetization of stocks, sovereign, corporate, and mortgage-backed bonds; trillions of off-balance sheet derivatives, of all kinds; and maniacal Precious Metal price suppression, to name but a few of the “weapons of mass destruction” in their respective arsenals.

Unfortunately, given the nature of all Ponzi schemes, they MUST grow larger to survive – exponentially so, and in the process, maintain confidence that they are legitimate. Which is exactly why such programs have gone off the charts – as evidenced by 668 cumulative rate cuts since the 2008 crisis, and tens of trillions of stock and bond monetizations, with freshly printed money. Not to mention, the covert dishoarding of the vast majority of above-ground physical gold and silver inventories to suppress prices, nearly all of it to the world’s new economic leaders in the Eastern Hemisphere. Consequently, the Western world is still “functioning.” However, its economic output has never been lower; its financial condition never worse; its currencies’ cumulative purchasing power never lower; and its political and social stability at levels last seen during World War II – in all cases, going the wrong direction, and fast.

To that end, the reason I wrote this article was to empower readers to not lose sleep over the extreme market manipulations of the past month; although my guess is said stress is far less today than during 2011-15, when the Cartels’ “point of no return” machinations were succeeding, giving them the upper hand. Even investors in “paper PM investments” like mining shares, ETFs, and closed-end funds, are enjoying large gains this year – as opposed to the tortoise-like, slow but steady gains of physical metal. Thus, it’s difficult to believe anyone’s truly stressed this summer. That said, the level of frustration and anger I feel is unprecedented; partly because I’ve endured it for 14½ years; but more so, because it has become so egregious in this, the terminal phase of the Cartel’s reign.

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