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THE NADLER RETORT What Jon Nadler Doesn’t Want You to Know About Gold Volume 2, June 20, 2009 By TJA On June 6th, gold was again on the precipice of breaching the psychologically important $1,000 level. More importantly, the US Dollar had plummeted approximately 12% over the previous 90 days. Let that sink-in for a minute. The US Dollar had fallen about 12% on the Dollar Index during the previous three months.
Think CONSEQUENCES!
When the US Dollar sinks back to pre-election lows (See the July 2008 valuation level, on the chart at left), we'll probably begin to see a rapid unraveling of valuation thereafter. Jon Nadler wants you to ignore this impending disaster!
Nadler would have you believe that fears of a Dollar collapse are irrational!!!
Nadler has to keep you believing that the Dollar is sound. If you begin believing otherwise, you'll demand "hard currency" that Nadler's company (Kitco) has had trouble maintaining an adequate (if any) inventory of.
Again, think consequences. The most recent, noticeable indication of the US Dollar's rapid decline was evident in the fact that crude oil prices have climbed about 40% in that same 90-day period!
The "Prince of Disinformation"
On June 15th, Jon Nadler was giddy about the fact that gold had (temporarily) retreated from another assault on the $1,000 level. He just had to tell us HIS reason why the price of gold was receding. So, he wrote this totally useless (and baseless) article about how the world was still enamored with the US Dollar; Nadler took great pleasure in telling us that, in Russia’s view, the US Dollar was “irreplaceable.” Based on one shallow story? This was proof yet again that Jon Nadler cherry-picks which news to pass along to his routinely deceived readers. So, how long did it take for the world to realize that Jon Nadler was (again) sowing the seeds of deliberate deception? Actually, it took less than 24 hours before Nadler’s most recent “house-of-cards” collapsed.
Folks, revealing the nature of Nadler's practices is usually as easy as the abundance of (above) contrary news would suggest it is. Kitco offers an indispensible amount of raw information, along with some useful commentary. So, why would Kitco offer-up a slug like Nadler as their official spokesman? That question is fodder for endless speculation, but the smart money is leaning on a consensus that Nadler is little more than a "sheep herder," attempting to steer the clueless masses toward selling their bullion sooner rather than later, and for less than what it will soon be worth.
Another Big Item Ignored By Nadler
More than a week ago, something HIGHLY UNUSUAL occurred. Two men described as being "Japanese" were tracked by Italian police and searched as they attempted to use an obscure entry point into Switzerland. In one briefcase carried by the men, Italian authorities discovered a "false bottom" in the briefcase that concealed.....are you ready for this......$134 BILLION DOLLARS IN US TREASURY BONDS. The mainstream media said virtually nothing about this, but one Bloomberg writer managed to post a commentary about the significance - and strangely unanswered questions involved in such a huge news story; Other stories published about this event; After Glen Beck (FoxNews) began hammering his audience about this mystery, and asking Treasury officials about the story, contradictory statements began coming forward. Some Treasury officials stated that they were "crude forgeries," while others stated the matter was still under investigation. Oddly, the Treasury officials describing these bonds as "crude forgeries' admitted that they had only seen Internet photos of them to base that opinion upon. A source for "Asia News" (credited with breaking this story) stated that If these bonds are fake, "the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones." Forgeries? Then why did Italian authorities release the two "Japanese men" who were in possession of these "forgeries"? Wouldn't you arrest subjects - especially mob suspects, who've attempted to commit such a massive fraud? Forgeries? U.S. government bonds in billion dollar denominations are not considered negotiable by ordinary citizens. These types of bonds are typically bearer-bonds issued by the U.S. government only to banks and foreign governments that seek to purchase the bonds to hold in their institutional asset portfolios. How could anyone forging such bonds expect to be able to have these accepted by any banks or governmental entities? When you start attempting to pass bonds in million and billion-dollar denominations - people ask questions and go to great lengths to check their authenticity, right? If these are fake -- who would buy them? All governments would do the due diligence and require insurance on them. I would think this would amount to one of the best/biggest counterfeiting operations in the world, if they are in fact counterfeit. Also fueling "conspiracy theories" is the fact that these things haven't been officially verified as forgeries in the two weeks since the story broke. We have three prevailing theories about what this incident might actually entail;
As per #3 (above), what is certain is that the fate of US Treasury Bond sales looks bleak going forward. Sales are tanking and foreign governments are talking about ditching US Treasuries for a brand new alternative: IMF Bonds!! SEE:
And if you think the status of US Treasury Bonds and the US Dollar will improve going forward - as Jon Nadler would have you believe, trust me, things will only get much, much worse!!! As US Government debt loads increase exponentially, who will want increasingly worthless US Treasury Bonds or US Dollars?
SEE: IMF Gold Sale Update
SEE: Obama Administration pushes IMF gold sales through House by tying it to security bill
So, we can envision Jon Nadler dancing in the streets now,
right? Probably not!!! His latest Boogeyman turned out to be a
Halloween "trick-or-treater," and not a monster after all. Why?
Because, as I speculated in my last newsletter, none of the IMF gold
to be sold will likely ever hit the open market. The Chinese,
Russians, Arabs and others are very likely to snap-up everything
the IMF foolishly sells.
SEE: Central banks right to increase gold holdings above 40%, says WGC Conclusion
SEE:
The biggest problem faced by Jon Nadler and his Establishment cronies is that many Americans are now awakening to reality. Yes, they're doing so much too late to save their country, but many are now focused upon saving themselves.
My gold projections for 2009, made to you in my last newsletter, still appear to be on-target with what other experts are projecting;
SEE: 'Gold will boom to $1,500 in 2009'
Until next time.....be prepared!
TJA
Access Past Volumes Here:
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Another
one of Jon Nadler's "Boogeymen" is the specter of a major sale of IMF
gold holdings. As I mentioned to you in my last newsletter, the IMF
needs US Congressional approval to sell IMF gold. That might have been
unthinkable until recently. But, with a socialist president and
socialist Congress, that approval seems imminent now. Under pressure
from the Obama Administration,
The
recent dip in gold and silver is a direct consequence of the latest
attempt to bolster the dying US Dollar. The Establishment managed to get
a 3% bounce in the Greenback that is already proving to be short-lived.
As this latest fraudulent Dollar rally collapses, you can fully expect
gold and silver to resume their onslaught higher. It will take ever-more
US Dollars to buy gold, silver or oil. This is an easy projection for me
to make. History assures us of the collapse of the Dollar, and the
economy built upon it. This nation is on a collision path with financial
disaster, and those at the helm seem inclined to merely assure that our
demise is ever more dramatic. But, as usual, I don't expect you to take
my word for it. I offer you the facts, carefully culled from a variety
of reliable sources, for you to base your own opinions upon.
Nadler cannot counter what I'm offering you!
As
you know,