Well, ElPrimero, I wish I had the answers and sometimes I think I may be too suspicious. There are times when my emotions cloud my judgment far too much because I am, like you, furious about the lack of oversight and regulation in this PM sector specifically. Those of us who take the time to complain are basically written off, ignored, treated with condescendence or accused of being conspiracy theorists (pretty worn out by now). It matters not whether we are Canadian or American. To me, it simply means that the U.S. instigators have the heft to easily direct the Canadian markets, especially the PMs and JPMs.

So, what is the end game? One can only guess. There are so may prognostications and suppositions on it from so many credible sources (moderate to extreme) such as Antal Fekete, Jim Sinclair, Bill Murphy, John Embry, Chris Powell, Ed Steer, Don Coxe (moderate), Veneroso, Butler, Willie, Grandich, Kirby, Schiff, Turk, Rubino, Puplava, (supported by Shadow Statistics, Office of the Comptroller of the Currency) et al. vs. the usual culprits such as CNN, Bloomberg, Kitco, (Nadler), Goldman, JPM, IMF, Fed., Treasury, Gartman, Kudlow and a cast of thousands. Not that you don’t and most here don’t know all this ElPrimero but I find it edifying just to list them all as a reminder that we are not alone.

So what can we all gather from those who we are aligned with? I enjoy reading and listening to Don Coxe since he communicates complex subjects with great ease. He is always very objective and appears to be somewhat guarded in tone. I suspect that is because he must be careful (only my opinion). Here is what he said today in Canada’s Financial Post: “We got here through the worst betrayal of capitalist principles by people with economic power in the history of capitalism. It was a very few people, all men on Wall Street and in London, who stopped being bankers to become promoters of structured products, which were based on bad mathematics. They thought they could sell them to greater fools without an impact to the greater economy. In doing so, they created a financial crisis that was entirely unnecessary. I'm not saying they committed crimes, but as far as I'm concerned, people like Stanley O'Neal, [former CEO of Mer-rill Lynch] and Jimmy Cayne, [former CEO] of Bear Stearns, should not be allowed to have memberships in good clubs hereafter and society should indicate to them that they are pariahs.”

So, he does not mention any of the really big boys such as Rubin, Greenspan, Bernanke, Summers etc. Coxe chides the TPTB for implementing the conflicting strategies of two famous economists, Friedman and Keynes, which may get us out of the bear mess we are in only to be faced with a greater challenge, the Tiger of inflation. He cautions Canada to maintain it’s ownership of its greatest assets, the oil sands. He doesn’t seem to think the rate of unemployment is so bad at 7% so he obviously doesn’t think that the stats are embellished, which I find quite odd coming from such a brilliant man. To, me this says he is being very cautious. He believes we will see food shortages down the road which tells me we are in for a real thumping. He is bullish gold and thinks we are in the second stage of three which, in the final analysis will be worked out by the central bankers somehow. How they do it is left up to our imaginations. How can any of us expect anyone out there to call it correctly? We will only know after the fact. What exactly will the gauntlet be? Hindsight will win the day.

Fekete, Sinclair and many others talk about a return to a gold standard, each with a somewhat different approach. I am suspecting, as per my lament the other day, that this is where the answers lies. But at what cost to the U.S. citizen? How will it affect Canada and other countries? Bush already admitted that it was necessary to step into the free trading markets in order to maintain capitalism. So, I guess that means that the Paulsons, Bernanke’s, Gathers, Robins, Summers and the rest of them have really got control, a control that will tighten with the incoming Obama Administration. How long can they keep the Ponzi fiat schemes going before they must make changes? Global credibility and confidence in the U.S. Admin. is decaying rapidly. Fekete reminds us that debt cannot extinguish debt. So, unless credibility is anchored in gold, when will fiat hit critical mass as the financial capital is wiped out while creating bond values out of thin air? Banks cannot be recapitalized with irredeemable debt. The CFTC has to/is instructed to look the other way. It Is an insult to Americans how lax Cox and the SEC has been. Nixon said that “it was not illegal if the President decided so (in this case, Bush/Obama are directed by the Admin who have decided so).

Bill Murphy and GATA have had it pegged for over ten years with all dissent being crushed by the powerful Cartel and their slaves, while Wall St. and media shills have been given carte blanche. Gold has been manipulated; the vaults have not been audited while the western central banks have sold gold into the markets in complicity with major producers such as Barrick for the same ten years. It has been leased, swapped, derivatized and encumbered by all means…to support the debt based U.S. fiat dollar as the global currency. GATA and LeMetropole Café have ten years of evidence lined up for examination. Ten to twenty thousand tons of gold have been transferred (sold) into the markets and duplicitously kept on the “books”. How much is left of the supposed 8,000 ton holdings of the US while physical demand has been some 1000 tons/yr. greater than supply? What will the U.S. and other western countries now use to back currency?

Do they take over all the gold in-ground resources for pennies on the “dollar”? If history rhymes, one concludes that a re-establishment of the Roosevelt 1934 gold standard may be in order. So they fix the price of an ounce of gold to the dollar at what? Does the U.S default first? Do they confiscate/steal gold from all U.S. citizens, ETFs etc? Do the global central bankers finally succeed in taking control? In 1999 Greenspan told Congress that “gold is the ultimate means of payment and is perceived to be an element of stability in the currency and in the ultimate value of the currency and that historically has always been the reason why governments hold gold”. One must think then, that if Greespam knows this to be the ultimate truth which he acknowledged in a much earlier treatise, “Gold and Economic Freedom”, that gold has a major role to play in the future for the U.S. It must be part of the end game. Goldman must know something having abolished all of their gold shorts now being net long of gold…leaving it all in the hands of JPM.

Adrian Douglas thinks that JP Morgan, arm of the U.S. Admin., in a brazen act of manipulation, may be long on part of their $71 billon gold future’s derivative’s position. Could this be part of the end game plan? They knew what was going on and were naked short in the OTC derivatives markets and naked short on the COMEX futures after selling long and then cleaning up by covering short after all the longs exited on rumor that gold was no longer a safe haven. The motive was the increase in the $USD by 22% while the Fed made bail outs. The leverage is unthinkable, all backed by arrogance, spin, surreptitiousness, greed, fraud and criminality from on high. Are they now positioned to go long?

So now gold is in backwardization which will soon be permanent and the writing is on the wall. It is soon to be a major player along with silver and their shares. The long term bull for gold is intact. Almost $30 trillion in paper assets has been lost in 2008. Gold and silver are already being seen as the ultimate investments and preservers of wealth globally. Who will be left with only worthless paper promises of dollars and bonds? Who will even think of exchanging debt for gold?

James Conrad thinks Bernanke knows a much higher gold price is necessary via putting new dollars in the hands of gold bugs to go on a spending spree with. I sure like the sound of that! The dollar needs a massive devaluation by tinkering with the gold price as Roosevelt did, something Bernanke has alluded to many times over the years. That will stimulate the economy and goose the stock markets. So, gold will have to reach its natural value of about $9000 so the monetized value of gold neutralizes the Fed. Reserve increase in credit. Sinclair mentions gold certificates that the Fed. holds against the US $42/oz. value of Treasury gold holdings that would go to about $1000/oz. and then be leveraged up ten to twenty times on reserve. But, if there is no gold left in fort Knox, where will it come from? As per above, all the good citizens of the US. would be a guess. I’m sure there are other possibilities such as default of the ETFs with settlement in dollars; nationalization of all U.S. gold mines; takeover of major miners by the U.S. via intermediaries; bankruptcy of the U.S. bullion banks; you pick a scenario.

Well, I think we will not have too much longer to wait and then, with hindsight, we can all say to ourselves, “now I get it”! Let’s hope we are happy with it.