Gold Vs. The U.S. Dollar: The Big LieBy Dave Kranzler I dont know if the Plunge Protection Team will be able to stabilize and bounce the market today. I suspect they will get it done sometime in the next 24-48 hours theres real blood money at stake here. By this I mean theres still a lot of middle class wealth that has not been wiped off the table and into the pockets of the elitists. Hell, Hillary Clinton is still standing for now. But at some point our system will collapse. EVERYONE in this country has been living off the benefits of The Big Lie for too long. Its not just the upper .1% who have benefited, even the welfare programs have been levitated by the U.S. Governments ability to bamboozle the rest of the world into buying our debt and accepting our currency. When the rest of the world flinched at taking down more debt, the Fed printed trillions to buy U.S. Treasuries directly, and lent $100s of millions to the Bank of Japan and the ECB to enable them indirectly to continue propping up the Big Lie. But today gives us a glimpse of The Truth. Beneath the headlines of plunging stock markets, and not being reported by the U.S. financial Muppets, is a stunning 1.5% plunge overnight in the U.S. dollar: At the same time, the worlds oldest currency the Wall Street Journals Pet Rock has performed as the ultimate flight to safety today: While the Einsteins out there offered only the obvious explanations for Chinas move to devalue the yuan, I have maintained all along that it was first and foremost a means of tossing a grenade at the massively unprecedented U.S. dollar bubble. It only took a about 3% move to accomplish this. Meanwhile, heres whats really happening in China: Shanghai gold withdrawals for the week ending Aug 14th have been reported at 65.013 tonnes (previous week 56.015 tonnes). This brings the year to date total to 1,585 tonnes, 161 tonnes more than in the record 2013 year at the same time. John Brimlows Gold Jottings The Fed kept insisting that it would raise rates in September. For anyone willing to look honestly at the underlying economic evidence, it was obvious OBVIOUS that the Fed would never raise rates. It was nothing but Orwellian smoke. Keep repeating a lie until almost everyone wants to believe it. I heard a radio promo yesterday for a mortgage broker who insisted that rates are definitely going higher later this year so you better take out as big of a mortgage as you can now and buy your dream house. Rates may go higher this year, but if they they do its because the dollar is collapsing or even vanishing as the rest of the world other than the Bank of Japan and the ECB rush for the exists with their Treasury holdings. The Big Lie is that gold is a Pet Rock and the U.S. dollar is the global flight-to-safety currency of the world. If thats the case, then how come China seems to be cornering the market in Pet Rocks while dumping the dollar through that exit door at the back of the movie theater? Image Credit You can read more from Dave Kranzler at his site InvestmentResearchDynamics.com I prefer to watch Dr. Copper and Sammy Silver. Copper is manufacturing as well as silver (the US has very little use for either). Before NAFTA my argument against intertangled economies wasnt financial . as in currency wars but quality. Products worldwide pale in comparison to USA production. To prove this I scrounged plugs, switches, breakers, panels, lamps, etc., that were made in US and boxed n sealed em up. GE moved to china. Immelts a traitor who came up with the idea of doing biz with communists , nixon or kissinger? The nixon tapes suggest nixon. American consumers have woken up to this fact and like the MSM disbelief that the public wants Trumps plans the IMF n WTO will be astonished that we want hard borders and locally manufactured goods. Unfortunately the employees that care are now in their 70s . but hey 70 is the new 55. Of course consumers can keep buying the same low quality product repeatedly (my peeve . sox) or we can start up the burlington factory and produce sox that last for 2 years. Ill pay less in the long run, save gas on trips to the kmart, and have years added to my life by decreasing the stress of shopping n standing in que. Not sent to trump. Im a CA electrical contractor that hasnt worked a three phase commercial contract since 2001. In your world that means a machine shop, canning, or any factory. The new electricians are so dumbed down they get confused repairing OLD 3 phase service jobs. WAS THIS INTENTIONAL? I am firmly convinced that dark forces want this country to fail . CA will be first tree hugging green state to fail (we can only hope n pray that the old paradigm of CA being the trendsetter is now defunct). The reason that CA is a prog democratic held state is emmigration by conservative republican voters leaving. Within 2 years this country will resemble detroit and OPM will be non existent. Think greece or cyprus. This wont matter when the people engage in civil disobedience by simply ignoring laws and regulations. The DOJ engages in selective prosecution for the elites (hillary) . and we the people will engage in jury nullification. When people have nothing left to lose they lose it. 