Search This Blog

Friday, December 4, 2009

Get the F*** Out!!!!!


So the number of jobless increased by "only" 11k people, huh? And the prior two months jobless numbers are revised to show a little less than reported, huh? And so stock markets should continue bubbling and gold shold be brought down by brute force, huh? GET THE F*** OUT!

First thing, jobless numbers is a sham. It is an easily manipulated model including the very famous seasonal adjustments and the birth-death adjustments. The number is derived after talking to a what is supposed to be a random selection of households. RANDOM MY A**!

Besides, nobody is talking about 824,000 negative adjustment to the total number of employed by the government that was very quietly done. That is not even mentioning how horrendous the real unemployement rate is when you considered all the problems with the way the government calculates unemployment. Just one simple example is today. The government said that joblessness increased by 11k people, but somehow unemployment rate fell from 10.2% to 10.0%. What????? Do they think we can't even do math???? What is going on is they are taking down some of the discouraged workers or workers whose benefits are finished as well out of the unemployed people number and saying they are unemployable, so they should not be included. That is just one of the gimmicks. There are many more.

Then there is the gold manipulation disgrace. Look at the chart above from goldprice.org. Gold does not/ should not trade like that. The February 2010 contract traded above 210k so far half way through the day and most of in a matter of minutes shorting gold trying to bring the price down. 210k contracts is 21 million ounces which is $25.2 billion dollars. That is nuts. That is 656 metric tones. That is 26% of the global annual production. Saying roughly 50k contracts traded in less than a minute, that would be almost 7% of global annual production of gold being shorted in less than a minute without regard for price. DOes that look normal to you on no news? What do you think is going on? Let me tell you what is going on:

Bernanke hearings are going on and he is being crushed by Senators such as Bunning, so they are trying to lie about unemployment to pump up the market, buy futures to push the stock market and short paper gold to pressure the price down, to create an illusion since Bernanke has been called on the price of gold as a lack of confidence. Since they cannot create confidence itself and since they do not even want to try to, they are trying to create the illusion of confidence. YOU ARE NOT FOOLING ANYBODY!! ALL OF THIS BS WILL FAIL AND STOCK MARKETS WILL CRASH. And crash badly they will ad gold will get to several thousand dollars.

I highly hope Bernanke goes where he deserves which is jail. Senator Bunning instead of sending him back to Princeton to ruin and brainwahs youg brains, should try to send him to ajil for the biggest heist in the history of humanity. Since we know that will not happen, I hope Bernanke gets appointed again so that when the markets crash in the next few months to two years, he is there to blame and not able to blame the newcomer. I just cannot wait!!! This will be so bloody and so bad a crash that all of the ploys and scams will be exposed as all the banks will show that they are way past bankrupt!

No comments:

Post a Comment