Current Events Andy Hoffman wide

Published on August 31st, 2015 | by San Dee Doxtdator

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SEPTEMBER COMETH

by SGTreport – The Corporate Propaganda Antidote – Silver, Gold, Truth, Liberty, & Freedom

by Andy Hoffman, Miles Franklin:

This morning, the Financial Times – the UK’s more straight-laced (read: boring) version of America’s relentlessly pro-Central bank, propaganda-spewing Wall Street Journal – claimed China’s government has “abandoned large scale purposes” as a means of supporting its collapsing stock market.  To which, I ask the same ‘pink elephant in the room’ question; i.e., how the hell would they know what the Chinese government is doing?  I mean, it’s not like they tell us.  And moreover, whatever they do report – as in the UK, the U.S., and everywhere – is a flat out lie these days.  Like China, for example, in still reporting a 6.8% GDP growth, when in fact it’smassively declining.  Not to mention, the fact that Central banks such as the PBOC – as a rule – execute far more “monetary policy” covertly than overtly; such as, for example, the Fed opaque overseas “swap agreements” and plain old covert Treasury and mortgage-backed bond buying.

 

Of course, their cumulative “footprints” are not only larger than the Sasquatch – such as last night’s 112th “Sunday Night Sentiment” PM raid of the past 115 weekends (no, that’s not a typo), and 500th“2:15 AM” EST attack of the past 572 trading days.  Throw in the comical, soon-to-miserably-fail “oil PPT” attempt to rally oil with another “Saudi Arabia invaded Yemen” story Friday – despite Yemen having neither significant oil supplies nor material geopolitical allies; and the fact that similar stories earlier this year had ZERO impact on oil prices – and you can see just howdesperate TPTB are to reverse temporarily delay the inevitable, all-out economic and financial collapse that, for most of the world, has already commenced.

As for imploding stock markets, said “reversal” commenced Wednesday afternoon in the U.S., when a listing PPT unleashed a “Hail Mary” algorithm for the ages – using brainwashed traders’ faith in both useless technical analysis and the “Yellen put” to generate a ridiculous 500 point rally in the day’s last four hours.  And this, as the CRB Commodity Index was closing at a 40-year low.

On Thursday and Friday, said “dead count bounce” was pounced upon by traders to goose collapsed commodity prices as well – except gold and silver, of course, despite the record, exploding demand experienced at physical bullion dealers like Miles Franklin.  And yet, as you can see below, the PPT was still required to “save the day” with said “Hail Mary” algorithm.  You know, the very one I first described 3½ years ago.

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As for China’s “abandoning large-scale equity purchases,” how about that?  “Coincidentally,” the Shanghai Exchange, too, bottomed with a desperation “Hail Mary” algorithm on Thursday – i.e., the session after the Fed “saved the day” in the U.S.; followed, by nearly identical “Hail Mary” rallies Friday and today.  Which, by the way, did not occur more than a handful of times in the entire 2000-2011 bull run in gold and silver – and NEVER in the past four years of historic price suppression.

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Of course, now that the “seal has been broken” on history’s largest, most destructive global financial bubble – the inevitable result of history’s largest, most destructive fiat currency Ponzi scheme; the “end game” of all-out financial and economic collapse cannot be reversed.  Frankly, the government-supported, but “Economic Mother Nature”-pressured markets look essentially the same as in 2008 – when the PPT orchestrated dozens of countertrend surges; sometimes disguised as technical “dead cat bounces”; and sometimes – such as with Friday’s Saudi/Yemeni news, using so-called “bullish news” as cover (as if LOL, an imminent Middle Eastern war could be considered good news).  And of course, the inverse in Precious Metal markets, where all increases are countered by either “technical resistance” – coincidentally, alwaysin the form of the “Cartel Herald” algorithm, always at the same times of day; or orchestrated “PM-bearish news” – which they have to work quite hard with their MSM “partners” to spin, as I haven’t seen an actual PM-bearish news story in years.

And here we are Monday morning, one day before the dreaded month of September begins, with the S&P 500 having just completed its first “death cross” – i.e., its 50 DMA crossing below its 200 DMA –since the Fed, PPT, and all global Central banks reached their cumulative “point of no return” in mid-2011, going “all-in” with unprecedented, relentless market manipulation – to support “favored” markets like stocks and bonds, and suppress “unfavored” ones like Precious Metals.  European stocks are down; U.S. stocks are down; and commodities, too, are giving back the aforementioned, ill-begotten “dead cat” gains.

Read More @ MilesFranklin.com

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