I posted a brief clip from jsmineset earlier. It is repeated at the bottom of this post.

The government (not even counting the unfunded liabilities of social security, medicare, and medicaid) is broke with no hope of becoming solvent. This same pattern exisits in most of the nations of the current worldwide system of things.

The banking system, virtually worldwide, is in the same financial condition if all their "assets" were marked to market.

Therefore the current monetary system(s) must and will die.

When money dies (and I'm not referring to the book by that title) the value of the currency is debased to the point of meaninglessness. A ten thousand dollar note buys 10,000 times what a one dollar note will buy but neither will buy much of anything. A simple meal may cost a million dollars or more.

It appears to me that those behind the scenes are well aware of this. Therefore when governments or banks waste millions or billions pushing the metals market where they wish what are they accomplishing? Those behind the scenes are using money that is not their own personal money; so they personally suffer no loss. The price of the metals and miners is reduced.

Then with their own personal wealth they are buying the reduced price metals and miners hand over fist but they are doing so carefully and cautiously so as to not raise the price. Their actions have the further benefit of flushing as many weak hands as is possible out of the market so as to obtain their metals or shares as well.

At a point in time of their choosing (when they have gathered all they can and are for all intents and purposes "all in") they will stop fighting the market and allow it will rise to glorious heights. The very people that appear to be doing the irrational act of trying to hold back a bull market that must occur will be the ones who benefit most. Those that were unsure of what they were buying, what was happening, or couldn't stand the pressure will be left at the sidelines as they watch what they "knew" would happen, happen. And it will happen without them.

Why worry about wasting money (that isn't yours anyway) when you also know that same money will soon lose so much purchasing power that the expensive act of market intervention will seem as nothing compared to the destruction caused by monetary printing which will decimate the currency anyway.

So that's the long and short of it from my perspective. AND KNOW THAT THESE ARE JUST MY THOUGHTS ON THE MATTER. I offer no proof other than what I believe I see occuring with my own eyes.

“Fiscal Cliff” put in a much better perspective.

Lesson # 1:
* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000

Let’s now remove 8 zeros and pretend it’s a household budget:
* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $38.50

P.

Got It now???