Our friend and economic commentator Franklin Sanders, who was interviewed for the Beyond Off Grid documentary and has been a guest on several of our webinars, sent out this analysis to his email subscribers late last week.
“Yes, I am a pre-electronic relic, & I still cling to the belief that wisdom lives in simple proverbs, such as “Watch what they do, not what they say.” Cutting through all the persiflage, camouflage, and hogwash, people will ACT on what they TRULY believe, never mind what they say. They talk to confuse & distract you from what they are doing. In the case of the Fed, most people miss their shell game because most people speak to convey information. The Fed speaks only to convey DISinformation.
But watch what they do, not what they say. Mama Janet SEZ the economy is improving & things are getting better, but just like the Wizard of Oz — which itself was an allegory about the gold standard controversy — “Pay no attention to the man behind the curtain!” They don’t want you to see that the great wizardess and wizards are in fact wizened, feckless academic charlatans pushing smoke bellows, pulling thunder-ropes, & throwing lightning switches, all to convince you that nothing truly is something. If the economy were as strong as they claim, why wouldn’t they turn interest rates loose? The question answers itself. Watch what they do.
Could a commonwealth sink lower than to be ruled by such ridiculous, despicable people and institutions?
Meanwhile, back on the Euro-stage all the actors played out their parts: Greece the recalcitrant but sincere debtor, Germany the dour, righteous, & solvent householder, the IMF clueless bureaucrats, the ECB clueless central banking bureaucrats, and the rest of the players simply clueless. Not even folks whose taste riseth no higher than soap operas could buy this stuff.
As the excuse for gold’s fall & silver’s rise, the tame financial media adjusted its pretty dog-collar and opined the cause was a brightening outlook for a Greek solution. Let me say with the least scatological vulgarity possible, Hogwash! I don’t believe it. How will a solution in Greece help American stocks? Most American investors couldn’t find Greece on a map if it were the only colored country, and a greater proportion care not a dried Kalamata olive for its financial outlook. Tell that one to any hicks who might believe it.
The chronically suspicious, like me, long taught to be suspicious, might look for the Invisible Hand of Government behind this price action, Nice Government Men from the European & US central banks whacking gold’s head lest it runaway and spook a financial panic. Let us pretend, citizens, that all’s well in the world.
On the other hand, a radio story about Greeks withdrawing all the cash out of their accounts on Fridays and re-depositing it on Mondays shows the Greeks’ real genius at identifying Hogwash. They know governments always throw surprise parties, like grabbing your bank deposits, over the weekend, so the Greeks choose not to play.
Maybe some of y’all ‘Murricuns ought to follow suit, get two or three months’ green paper money cash needs in a safe in your house, take delivery of all your gold and silver, & generally take yourselves OUT of the grip of the financial system. Most ‘Murricuns, unhappily, believe whatever lie their gummint is peddling today.”
Have you taken the steps to protect your family from the theft of the Fed through inflation and systemic instability they create that is bringing an economic reckoning in the near future?
Subscribing to Franklin Sanders’ Moneychanger newsletter is a great way to get educated about the rapidly changing economy and financial markets, and about real money – gold and silver – and how to make wise financial investment decisions in the current climate of confusion.
Franklin Sanders quote (c) 2014 The Moneychanger, reprinted by permission. Â You may sign up for the Moneychanger’s free commentary on the gold and silver markets — and a lot of other things — at www.the-moneychanger.com.
Photo credit: Jolene on Flickr