Here’s one of those classic ‘TINA’ statements from a Spanish politician yesterday: “For Greece, there is no alternative to being part of European solidarity”.
It’s what real Nazis do; not the fake ones invented by the radical Left 30-40 years ago: real Nazis who know that if Greece pulls the trigger, it’s over for them. Nazis like Draghi, Schäuble, Blankfein, Samaras, Osborne, Dimon, Paulson, Murdoch, The Barclay twins, Boris Johnson and Jeremy Hunt. People who know only too well that lying their heads off and crushing all opposition around the clock is the one strategy that stands even the remotest chance of success.
Thus, a crumbling third-rate empire based on a currency prison for the criminally insane is European solidarity. But if and when Greece does fire the starting gun, it will be over for Italy, Spain and probably France. It will be over for the ECB, for FiskalUnion and ludicrously overpriced bourses. It will be over for the Greek oligarchy, for the IMF, and for Wall Street when betting the wrong way finally surfaces at reality level. And it will be over for the paper-chasing, unbalanced and over-hyped UK ‘recovery’, for the Southern property price bubble,for the City of London, and for a bent legal system that has looked the other way for too long.
Above all, it will be the end of the euro. All of these people – their daft derivatives, their farcical Friedman worship, their savage attacks on key institutions – we be as dust. Unless.
There’s always an unless. In this case, the unless is “they can keep this nonsense on the road long enough until the final global heist takes place, and they get to have all the gold, and then leverage its ‘value’ tenfold”.
Take a look at the 30 day chart on gold’s alleged price:
During all the mayhem, threats, imminent defaults, Ukrainian bluster and general madness of the month just gone, gold dropped four price ranges.
In the three years since gold peaked at $1800, the shiny stuff has lost one third of its entire value. during one of the most tumultuous periods in financial and economic history.
There is no natural, market-based logic to this. “But the stock market’s rising and we have zero inflation, so nobody needs a safe haven”. Rubbish: the bourses are living on a free money scam that Draghi is set to repeat, and fiat currencies have never evoked less trust than they do now. Without QE, gold would be at $3000 an oz today.
Read all the codicils in the Basel IV document. Join up the dots. Gold is now the only thing that can pay off the West’s debts completely – and give China a hedge against them doing that as hyperinflation kicks in to eradicate the rest of it. The gold is heading quietly into CB reserves, Russia and China at an illegally knocked-down price.
The Slog 