Posted at 7:34 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

If you think Russia/China (and the rest of the world) does not know about the gold suppression scheme, you are sorely mistaken!

‘Secret Monetary Policy’: Who Manipulates Gold Prices and Why
September 20, 2017

While major international events, like nuclear tests carried out by North Korea, affect gold prices and result in a situation when investors prefer to invest their money in the noble metal, economic expert Dimitri Speck believes that there are other, more important factors that play a crucial role in influencing the global financial market.

Gold prices have been subject to constant manipulations since 1993, German expert on the gold market Dimitri Speck told Sputnik Germany.

According to him, the manipulation of gold prices has been presented by the media as if it has been initiated by a couple of malicious traders just recently, but this idea is wrong.

“When the gold price manipulation started on August 5, 1993, these were central banks that initiated the process, and namely the then head of the US Central Bank Alan Greenspan. He did not want to let the gold price rise over $400,” Speck said, adding that Greenspan feared that a significant increase in gold prices might affect the “inflation thermometer.”

The expert noted that the US Fed had arranged an agreement among the central banks to keep the gold price below $400 dollars. This was done for several years by means of sales and loans.

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Bill Holter’s Commentary

Should we be surprised?

Science For Sale: Shocking Emails Reveal Editor Of Food Science Journal Was On Monsanto’s Payroll At $400 Per Hour
September 21, 2017

(Natural News) Recently released court documents reveal what many people have long suspected: Monsanto had a hand in the retraction of a groundbreaking study that left little doubt about the dangers of glyphosate in a prominent food science journal.

Monsanto will do anything to protect the reputation of Roundup and its other herbicide products – which earned them $1.9 billion in gross profits in 2015 alone – and that includes silencing their detractors.

It has now emerged that the Editor in Chief of the journal Food and Chemical Toxicology who oversaw the famous study’s retraction was on Monsanto’s payroll. This is a conflict of interest at best, and possibly something far more underhanded, and they might have gotten away with it had their lawyers succeeded in preventing their internal documents from being released in a class action lawsuit filed against the firm by cancer patients.

The study, which was carried out by Gilles Seralini, found that Monsanto’s Roundup herbicide is toxic to rats in the long term, even in very small doses. In addition to severe damage to their livers and kidneys, he found a spike in tumor rates. Moreover, the rats in his study who ate corn sprayed with Roundup or drank water laced with various doses of glyphosate died earlier than control rats on a diet of regular corn and water.

When the study was subsequently retracted by the journal, it raised more than a few eyebrows. Many people who are familiar with the way Monsanto operates suspected they were involved in the retraction somehow, and now the connection has come to light.

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Bill Holter’s Commentary

Once again, what’s in your pension? And I guess someone has to ask even though “bear markets” no longer exist…what happens when even a garden variety bear market hits?…Not to mention the mother of all bear markets!

1 Million Ohio Public Employees, Retirees May See Pension Cut
September 20, 2017

Ohio’s biggest public pension system is considering cutting the cost of living allowances for its 1-million members as a way to shore up the long-term finances of the fund.

Ohio Public Employees Retirement System trustees on Wednesday discussed options that could affect all current and future retirees, including tying the cost of living allowance to inflation and capping it and delaying the onset of the COLA for new retirees.

No decision has been made and trustees will discuss the options again in October. So far, some 72,000 members responded to an OPERS survey about possible changes. OPERS spokesman Todd Hutchins said 70 percent of retirees responding to the survey report that they prefer that the COLA be capped, rather than frozen.

OPERS is the latest of the five public pensions systems in Ohio to consider benefit cuts.

The State Teachers Retirement System of Ohio in April voted to indefinitely suspend the COLA for retired teachers. Trustees said they weren’t certain that the cut would be enough to shore up the finances of the $72-billion fund.

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Posted at 9:13 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

How do you hide $14 trillion? I guess in a world of smoke and mirrors, not so hard to do?

Canada Flagged As Hidden $14 Trillion Credit Bubble Stokes Global Crisis Fears
September 18, 2017

The world’s top financial watchdog has uncovered US$14 trillion of global dollar debt hidden in derivatives and swap contracts, a startling sum that doubles the underlying levels of offshore dollar credit in the international system.

The scale of this lending greatly increases the risk of a future funding crisis if inflation ever forces the U.S. Federal Reserve to tighten in earnest and drain worldwide liquidity, potentially triggering a dollar surge.

A forensic study by the Bank for International Settlements (BIS) says enormous liabilities have accrued through FX swaps, currency swaps, and “forwards.” The data is tucked away in the “footnotes” of bank reports. “Contracts worth tens of trillions of dollars stand open and trillions change hands daily. Yet one cannot find these amounts on balance sheets. This debt is, in effect, missing,” said the BIS analysis, written by the team under Claudio Borio, the chief economist.

“These transactions are functionally equivalent to borrowing and lending in the cash market. Yet the corresponding debt is not shown on the balance sheet and thus remains obscured,” they wrote in the BIS’s quarterly report.

A breathtaking gap in global accounting rules means that the debt is booked as a notional derivative, “even though it is in effect a secured loan with principal to be repaid in full at maturity.” The hidden lending comes on top of US$10.7 trillion of recorded offshore dollar debt outside U.S. jurisdiction. It pushes the combined total to US$25 trillion, or a third of global GDP. While these contracts serve as a lubricant and hedging device for world commerce, they can be plagued by currency and maturity mismatches.

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Bill Holter’s Commentary

Pretty sure “settlement” was not made in Zim dollars… as we shall soon find out, “settlement” will become a very important concept!

They See Me Rollin’! Grace Mugabe’s Oldest Son Celebrates After Importing Two Rolls Royce Limousines ‘Worth £4 Million’ Into Bankrupt Zimbabwe
September 20, 2017

The eldest son of Zimbabwe’s first lady Grace Mugabe has imported two Rolls Royce limousines into the bankrupt country, it has been reported.

Russell Goreraza, 33, offloaded the two luxury cars at Harare International Airport from a plane belonging to the Dutch airline KLM on Sunday.

Goreraza, said to have a ‘chequered reputation’, was also reported to have enjoyed a ‘huge celebration’ with friends after the exotic vehicles arrived, with Champagne flowing freely.

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The son of Zimbabwe’s first lady offloaded the two luxury cars at Harare International Airport from a plane belonging to the Dutch airline KLM on Sunday

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Bill Holter’s Commentary

A very interesting geopolitical writing by Dmitri Orlov. The man is no lunatic, his final paragraph is proof he sees the very big picture.

Military Defeat as a Financial Collapse Trigger
September 19, 2017

Back in 2007 I wrote Reinventing Collapse, in which I compared the collapse of the USSR to the forthcoming collapse of the USA. I wrote the following:

“Let us imagine that collapsing a modern military-industrial superpower is like making soup: chop up some ingredients, apply heat and stir. The ingredients I like to put in my superpower collapse soup are: a severe and chronic shortfall in the production of crude oil (that magic addictive elixir of industrial economies), a severe and worsening foreign trade deficit, a runaway military budget and ballooning foreign debt. The heat and agitation can be provided most efficaciously by a humiliating military defeat and widespread fear of looming catastrophe.” (p. 2)

A decade later these ingredients are all in place, with a few minor quibbles. The shortfall of oil is in the case of the US not the shortfall of physical oil but of money: against the backdrop of terminal decline of conventional oil in the US, the only meaningful supply increase has come from fracking, but it has been financially ruinous. Nobody has made any money from selling fracked oil: it is too expensive.

Meanwhile, the trade deficit has been setting new records, defense spending has continued its upward creep and the levels of debt are at this point nothing short of stratospheric but continuing to rise. Fear of catastrophe is supplied by hurricanes that have just put significant parts of Texas and Florida under water, unprecedented forest fires in the West, ominous rumblings from the Yellowstone supervolcano and the understanding that an entire foamy mess of financial bubbles could pop at any time. The one ingredient we are missing is a humiliating military defeat.

Military defeats come in many shapes and sizes, and having the enemy slaughter all of your troops is just one of them. Equally palpable is the defeat of being unable to prevail against a weaker and smaller opponent. Accidentally inflicting damage on one’s own forces can also be quite humiliating. And the ultimate coup de grâce for a military empire is to be unable to join the opponent in battle at all.

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Bill Holter’s Commentary

Maybe there is hope!!!

WATCH: Here’s What Happened When Trump Supporters Let BLM Take the Stage at Rally
September 20, 2017

A Black Lives Matter group and a Donald Trump rally crossed paths recently — and what occurred then isn’t what you would expect. The two groups are traditionally opposed, but when the BLM group approached the rally, an organizer did the unexpected: he invited them on stage to speak.

In the name of free speech — and not promising the crowd would approve of their message — the Trump organizer took a meaningful action the name of freedom, saying it was about BLM’s “right to have have a message.”

“I’m gonna let Black Lives Matter come up here, while I show them what patriotism is about, all right?” said the man. “It’s about freedom of speech, it’s about celebration, so…we’re gonna give you two minutes of our platform to put your message out.”

BLM Leader Hawk Newsome accepted the invitation, boldly stepping on stage and declaring, “I am an American” to Trump rally-goers who cheered him wildly.

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Posted at 9:12 AM (CST) by & filed under Jim's Mailbox.

Compliments of GG

Jim

DANGER: This Major Warning Indicator Just Hit An All-Time Record, But This Is Truly Shocking!
September 19, 2017

CAUTION: All-Time Record Number Of People Expect Stock Prices To Surge

This Is Remarkable…

Today legend Art Cashin shared what Jim Brown of Option Investor had to say about the tear the stock market has been on:

As of Thursday, it has been exactly ten months since the S&P has declined 3%. That is the second longest streak since 1928 and beaten only by an 11-month streak that started in 1994. This is also the fourth longest period in the history of the S&P without a 5% decline. While all streaks will eventually be broken, they tend to self perpetuate longer than most people expect. The constant shorting at what is seen to be a top and then the short covering when that top is broken, tends to keep the streaks alive until some event appears that overcomes the dip buying mentality.

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“I don’t throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War.

Every battle is won before it is ever fought.” — Gordon Gekko (Wall Street)

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Compliments of DP.

Jim

“We’re Firing Trillion Watt Lasers into the Sky”: Top Scientist Admits to Weather Modification on CBS
September 12, 2017

In the aftermath of the devastation wrought by Hurricane Harvey and Hurricane Irma, and Hurricane Jose brewing in the Atlantic, many people are looking for answers as to the increasingly volatile weather being witnessed.

And while climate change is one potential cause, there are other lesser known activities that could potentially be playing a role in the manifestation of these weather anomalies.

While weather modification and geo-engineering are still somewhat taboo subjects to the mainstream, often considered to be in the realm of conspiracy theory, there is a significant body of academic research and science that confirms that these technologies not only exist but are being operationalized.

No, the Free Thought Project is not claiming the government, nor anyone else is making hurricanes or actively controlling the weather. We are only presenting this information because it exists and people should be aware that it exists.

In a segment aired on CBS in 2013, respected scientist Dr. Michio Kaku, a physics professor at City College of New York, discussed – with Charlie Rose and Norah O’Donnell – the science of weather manipulation.

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Posted at 2:17 PM (CST) by & filed under Bill Holter.

I have been asked my opinion regarding cryptocurrencies. Let’s start by saying I have no doubt within only a short time, “crypto currencies” will be issued and embraced by central banks. This is not to say I am endorsing Bitcoin, Ethereum or any other digital currency. It is even possible that not a single existing crypto will exist when central banks finally make their leap.

issuing and embracing cryptos make total sense from the standpoint of central banks for several reasons. First, what crypto bulls consider as “privacy” today, central banks will see as “total knowledge” if they are the issuer. This will mean total knowledge of all transactions which also means a near impossibility of any tax evasion even down to the lemonade stand (assuming you have your lemonade permit!). Also, if central banks issue the crypto currency…you can pretty well bet they will also have a back door …that allows them to either freeze or even empty “your vault” of digital coins…whenever or for whatever they choose.

Whether we are headed toward a one world currency or several currency blocks (this is more likely), digital money is coming if the central banks have anything to say about it. As I mentioned above, I highly doubt central banks will want “competition” to their currencies so some sort of legislation (either by individual sovereigns or collectively on a global basis) can be expected as an attack on existing “private” cryptos. In my mind, there does exist the possibility that an existing currency (or a very small handful of current cryptos) is used as the “platform” for central banks but I would not place my hope on this. I also would not want to bet “which one” or ones will be chosen if this is the case?

In my opinion, the volatility of digital currencies while wicked and speculative (upward so far?) is not the real danger, and the ride is not for the faint of heart. The real dangers are several and basically involve a “poof” moment that does not exist with gold or silver. When I say “poof”, I am talking about “poof, it’s gone!”. Do not say this is impossible because it is not.

I would ask, what if we experience an EMP and the grid goes down? No electricity, no computer. Yes you can go to another area or country but good luck getting there. Another argument you hear for digital currencies is “they are not hackable”…to which I must call utter bullshit because EVERYTHING including the NSA is hackable! Even the modern car you drive is hackable and can be overridden with a joystick today. We see it all the time, this entity or that entity gets hacked. We have even heard of people’s cell phones being hacked and digital currencies stolen that way. One must also worry about the exchange(s) being hacked, we have already seen this where coins just disappeared. I just recently read this article for more potential pitfalls or arguments. Suffice it to say, in the case of Bitcoin, no one even knows who its creator Satoshi is, how does anyone know he did not install a backdoor when he launched it? It does make sense that the programmer has a back door doesn’t it? Maybe he was an “honorable” programmer? Are all the others the same? We do not exactly live in an “honorable world” no matter how badly you’d like to believe it…

To finish, maybe I am old school but I see a vast difference between digital currencies and precious metals. Most important of all, precious metals cannot “disappear” overnight if you have them stored properly. Can they be made “illegal”. Yes governments can try this but how do you make silver illegal with all of its medicinal, solar, industrial and technological uses? Can jewelry be made illegal? An EMP will not destroy the value of metal. Neither will a fire or flood. They can be taken from you at gunpoint which is why you should have metal stored in several places. Metal will work for barter in the situation of a full out meltdown of financial markets. Will your local farmer trade his eggs, beef, extra tools or diesel fuel for Bitcoin? Probably not. Will he trade for metal? I think so. Then I would ask, if you want to “trade” your digital currency when financial institutions are closed …”how do you get paid” if financial transaction are frozen? The same can be said of metals but I am pretty sure a guy with two motorcycles might trade one for 100 ounces of silver …(or less?) …I’m not so sure he’d accept a digital currency?

I could go on and on with examples but I am of the school that “possession is 9/10ths of the law”. In the case of outright anarchy, (which we very well may be facing) “possession” itself may become the law? If you take nothing away from this article other than just one concept, please understand that metals cannot experience a “poof” moment where you go from wealth to nothing in an instant. We face a credit meltdown dead ahead where return “OF YOUR CAPITAL” will trump return ON your capital. Gold and silver are money, not credit, they may very well be your ONLY capital before this “credit episode” is all over?

The entire world faces a “poof moment” because nearly everything either is itself credit or relies on freely flowing credit for its value. Gold and silver rely on nothing because they “are” money. They do not rely on credit nor are they the liability of anyone or any nation. They do not rely on an internet (which governments do have the ability to shut down) or computers. They do not rely on a user name or password either. Nor do they rely on the simple and basic technology of electricity. They can’t even be hacked (unless you use a hatchet to make change?). Call me old fashioned but subjecting yourself to a poof moment makes no sense at all when it is the coming poof moment you see coming …and are trying to protect yourself from!

Standing watch,

Bill Holter

Holter-Sinclair collaboration

Posted at 10:16 AM (CST) by & filed under Jim's Mailbox.

CIGA Robin with an important reminder!

Bill

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Our good friend Robert checks in with commentary.

A picture says it all. The true state of affairs is all over their faces.

The big arena of play will be when the gold Yuan oil futures contract comes out mid month in October, and how much oil is denominated in Yuan as opposed to dollars. Because this directly hits at the heart of the petrodollar hegemony that has kept the dollar in demand by oil importers.

The interesting question to ponder is what countries will want such convertibility for oil in currency convertible into gold in oil futures and what happens if the US is not on board, to the status of the USD as a reserve currency in terms of decreased demand.

If values takes a hit and rates rise there will be a bloodbath in USD denominated debt globally especially in emerging markets which will make 2008 look like a walk in the park

Cheers

Robert

Rex Tillerson meets Russian counterpart Sergei Lavrov in New York
September 18, 2017

US Secretary of State Rex Tillerson met his Russian counterpart Foreign Minister Sergei Lavrov in New York on Sunday ahead of the UN General Assembly, officials said.

After the meeting, at the Russian delegation to the UN, Tillerson left without saying anything to the reporters, who were initially invited in to cover the opening of the talks but asked to leave before the US official arrived.

Russian Foreign Ministry spokeswoman Maria Zakharova told a reporter that “the meeting was on cooperation in Syria crisis Middle East issues and Minsk agreement,” but when asked how it went said she had not been in the room.

Tillerson and Lavrov “met this evening in New York on the sidelines of the United Nations General Assembly,” department spokeswoman Heather Nauert said in a statement.

“The two recommitted to deconflicting military operations in Syria, reducing the violence, and creating the conditions for the Geneva process to move forward,” she said.

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Jim/Bill,

The “snowflakes” must be running to their “Safe Spaces” seeking psychological counseling on such defamatory language as FRESHMEN!

Let’s all take a moment to pray for them.

CIGA Wolfgang Rech

Yale University Replaces ‘Freshmen’ with Gender Neutral Term
September 18, 2017

Marvin Chun, the dean of Yale College, posted an official statement on the college’s website Sept. 7, explaining the board’s decision to drop “freshman” and “upperclassmen” in favor of terms more gender-neutral.

Chun said the words “first-year” and “upper-level students” have been used by students since he joined the Dean’s Office this summer.

“I want you to know that this terminology now appears in the Undergraduate Regulations and the First-Year Handbook,” he wrote. “And my hope is that by the start of the 2018-2019 academic year, it will appear in all Yale College’s publications and communications.”

Chun added that the college doesn’t plan to compel staff and students to comply with the new terminology.

“I recognize that the terms ‘freshman’ and ‘upperclassmen’ are deeply ingrained in our everyday language and in Yale’s history,” he said. “And I expect that the members of our community, ourselves included, will continue to use these terms as they or we see fit, without feeling that anyone is out of compliance with an official policy.”

Yale does have official policies for staff on how to properly communicate with transgender students and care for their needs. The handbook, “A Guide to Gender-Identity & Affirmation in the Workplace,” was last revised in the fall of 2016. The handbook references the college’s nondiscrimination policy, which states that in no way does “Yale discriminate on the basis of sexual orientation or gender identity or expression.”

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Posted at 10:14 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

These could be very significant TRUTH BOMBS!

WATCH: James O’Keefe Teases ‘Biggest Ever Media Investigation’ — Muses ‘People Will Be Fired’
September 19, 2017

In a video announcement released on Monday, Project Veritas founder and guerrilla journalist James O’Keefe warned his organization is currently operating one of the biggest ever investigations into the mainstream media’s ‘holy grail,’ promising media people will likely lose their jobs over the imminent exposé.

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Bill Holter’s Commentary

This is a very interesting story.  Do you recall what Jim said on this weekend’s call regarding “emotion”?  Do NOT let them get the best of you!

Advice From The Trader Who Made $1 Billion In 1929…
September 19, 2017

In the late spring of 1720, Sir Isaac Newton decided to sell his stocks.

Newton had been an investor in the South Sea Company, a famous enterprise which effectively commanded a trading monopoly with South America.

The investment had already made Newton a lot of money, he was up more than 100% in a very short time.

In fact, investors were clamoring to buy up the South Sea Company’s stock, and the share price kept climbing. And climbing.

Newton sensed that the market was getting overheated. It no longer made sense to him. So he sold.

There was only one problem: the share price of the South Sea Company kept climbing.

All of Newton’s friends were getting rich. So, against his better judgement, Newton went back in, repurchasing shares at more than three times the price of his original stake.

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Jim Sinclair’s Commentary

Manafort’s human rights have been violated regardless of any excuse. It sounds like the tactics of the SS. This incident reveals the meanness of this investigation. I am sure outlaws will yell “Police, we have a warrant!” as they make entry for a home invasion.

Assume that Manafort had a legal, top of the line means of defense, handy to where he sleeps. Say he had put up a valiant fight? Who is responsible?

I do have protection and I would use it without a second’s delay. My guard dog might pay the ultimate price, but would perform her duty instinctively.

I am in shock that such SS tactics take place and no one says or does anything to those who ordered it. There should be a national outcry.

With a Picked Lock and a Threatened Indictment, Mueller’s Inquiry Sets a Tone
September 18, 2017

WASHINGTON — Paul J. Manafort was in bed early one morning in July when federal agents bearing a search warrant picked the lock on his front door and raided his Virginia home. They took binders stuffed with documents and copied his computer files, looking for evidence that Mr. Manafort, President Trump’s former campaign chairman, set up secret offshore bank accounts. They even photographed the expensive suits in his closet.

The special counsel, Robert S. Mueller III, then followed the house search with a warning: His prosecutors told Mr. Manafort they planned to indict him, said two people close to the investigation.

The moves against Mr. Manafort are just a glimpse of the aggressive tactics used by Mr. Mueller and his team of prosecutors in the four months since taking over the Justice Department’s investigation into Russia’s attempts to disrupt last year’s election, according to lawyers, witnesses and American officials who have described the approach. Dispensing with the plodding pace typical of many white-collar investigations, Mr. Mueller’s team has used what some describe as shock-and-awe tactics to intimidate witnesses and potential targets of the inquiry.

Mr. Mueller has obtained a flurry of subpoenas to compel witnesses to testify before a grand jury, lawyers and witnesses say, sometimes before his prosecutors have taken the customary first step of interviewing them. One witness was called before the grand jury less than a month after his name surfaced in news accounts. The special counsel even took the unusual step of obtaining a subpoena for one of Mr. Manafort’s former lawyers, claiming an exception to the rule that shields attorney-client discussions from scrutiny.

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Bill Holter’s Commentary

When the Soviet Union was collapsing, they would have done anything for dollars…now they don’t want them. Very telling if you understand what Mr. Putin is saying here?

Putin Orders To End Trade In US Dollars At Russian Seaports
September 19, 2017

Russian President Vladimir Putin has instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, according to the Kremlin website.

To protect the interests of stevedoring companies with foreign currency obligations, the government was instructed to set a transition period before switching to ruble settlements.

According to the head of Russian antitrust watchdog FAS Igor Artemyev, many services in Russian seaports are still priced in US dollars, even though such ports are state-owned.

The proposal to switch port tariffs to rubles was first proposed by the president a year and a half ago. The idea was not embraced by large transport companies, which would like to keep revenues in dollars and other foreign currencies because of fluctuations in the ruble.

Artemyev said the decision will force foreigners to buy Russian currency, which is good for the ruble.

In 2016, his agency filed several lawsuits against the largest Russian port group NMTP. According to FAS, the group of companies set tariffs for transshipment in dollars and raised tariffs from January 2015 “without objective grounds.”

The watchdog ruled that NMTP abused its dominant position in the market and imposed a 9.74 billion rubles fine, or about $165 million at the current exchange rate. The decision was overturned by a court in Moscow in July this year.

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Posted at 11:54 AM (CST) by & filed under USAWatchdog.com.

September 17, 2017
Resource analyst and futurist Chris Martenson says everyone should be taking notice of our “dangerous markets.” At the center of the danger zone is the declining U.S. dollar. Martenson explains, “We are talking about a steady erosion of the dollar as a reserve currency. I think that is most likely. The only thing that could make that really go fast is some kind of war. The United States and China, we got to keep our eye on this because Trump has been threatening a trade war with China. China responded and said if you do that, we may dump the dollar. . . . So, there is all this trade and financial back and forth and maybe even actual war at some point. . . . China has the ability to really impact the dollar in a big way on the world stage. We better hope it does not come to that because a slow erosion we can adjust to; a quick erosion is going to really roil the markets and maybe blow a few of them up.”

Martenson contends the U.S. could see hyperinflation in a short time if China “dumps the dollar.” Martenson explains, “The way that works is let’s say they want to unload $500 billion on some Tuesday morning. Who is going to buy that $500 billion? Who is on the other side of that trade? Well, if there are not enough people bidding for those dollars, the price has to fall until you find enough people to absorb those, and the dollar would fall in value against all other sorts of other things such as other currencies, oil, gold, silver and all those things. . . . We would be looking for a paired event. What we would be looking for is interest rates starting to rise on Treasuries and the dollar starting to fall in value in value against a variety of things. Once we see those two things, we know we have a financial war or a monetary war. . . . That’s what blows up the derivatives market. That’s what makes difficulties for traders. That’s what makes the high frequency computers say I don’t like this and bolt and instantly evaporate from the markets.”

Martenson also points out, “The Dow is hitting all-time highs. So, it can’t be that bad, right? The Dow is used as a signaling device, and it says have faith in your leadership and everything is fine. Under the covers, obviously, things are not fine. The people I talk to are nervous and worried. One reason is because it’s fall, and that is sometimes when we see these corrections, but the other reason is everything we track is getting more and more fragile. These markets . . . are held together by confidence. . . . I can’t tell you the number of people that used to be investors that say they just don’t trust these markets. They are rigged and they understand that. They don’t want any part of that.”
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