Edward Ulysses Cate

Gold: Not a Bubble

If you invert the gold chart above, you'll get a good idea of the number of promises being kept. Money is a deferred promise. Gold/Silver is a highly-tradable asset in times of broken promises, when all that's left is barter. That's why it's called a barbaric relic. But unfortunately, these are barbaric times. Wish it wasn't. AIG, Madoff, Stanford, Lehman, Bear, who's keeping their promise?

Why the Stock Market Should Crash

The DOW 30, with it's interlocking ownership of few major holders, is easily manipulated by it's few major holders. TARP money was used to manipulate the DOW by those same major holders so that when others joined in, they could cash out. The rule of the so-called elite is NEVER to play with your own money, so they used the taxpayers' dollars. Those that say if you want to make money, then one must play. One might as well go to a local casino, where the odds are probably better. This is certainly a speculator's market, not an investor's market. Sure, if you want to win, you've got to play. Just like the lottery. Personally, I prefer NOT to play the lottery. I'll keep my shiny gold and silver chips on the sidelines, thank you, until it becomes an investor's market.

Groundbreaking WSJ Story on Gold

As far as physical gold and silver versus promises are concerned, which level of safe keeping would you prefer? One that requires physical confrontation, or one that allows theft 24 hours per day without your knowledge. Promises include paper money, bank deposits, bonds, stocks, etc. In good times, folks keep their promises and capital with interest is returned. In not-so-good times, folks lie and steal by making promises they knowingly cannot keep. Both capital and interest are gone. Only when you decide to trade does this theft become apparent.

Are the Big Banks Gaming the Taxpayer?

Let's just make this simple:
Financial predators are taking out loans in YOUR name, so that when YOU cannot pay increasing taxes, they will buy TITLE to YOUR property on YOUR courthouse steps. Mission accomplished. One must lie in order to steal.

Friday Bank Failure #37

Don't forget the efforts of William K Black to explain "control fraud" in his book "The Best Way To Rob A Bank Is To Own One." The subtitle is "How Corporate Executives and Politicians Looted The S&L Industry." The main reason he published the book in 2005 was that he saw the same damn thing, a second wave if you will, coming at us again. In my opinion, such a definitive book exists because the author DID NOT attend Harvard, Yale nor Princeton. Those in positions of high finance within our government should automatically be disqualified if they have degrees from those three so-called institutions of higher learning.

Book Review: Fool's Gold, by Gillian Tett

CDS is just another way to Cheat, Deny and Steal. If one wants to make bets, go to the casinos. I did not chose to live within a casino, with no way out. The real problem is that folks who are NOT party to the transaction are the ones that get burnt.

Don't Miss the Coming Gold Bull

The only reason to hold physical gold and silver is when folks are not keeping their promises, like now. Promise breakers like Lehman, Bear and Madoff trigger other broken promises, just like dominoes. When the dust finally settles, those who kept their promises will be trusted and the rebuilding will begin. Then as more promises are made and kept, there will be fewer reasons to hold gold and silver. Until then . . .

Is a Gold Correction Imminent?

I understand comments like allforone and also those saying if you don't like it here, leave. The problem is, like my commentary 2/15/2008, "There's No Place to Run, Jim Rogers!" There's really no choice but to wise up and stop letting financial sociopaths lie-to and steal-from you and the rest of us. They won't stop till they have it all, but even then it will not be enough. It won't be easy, as almost everything is already owned and controlled. An exception would be the farmer's market in your town, which demonstrates REAL free-trade and honest capitalism. It's your starting point.

BlackRock and Barclays Global Investors: Why the Market Loves This Deal

If it's a win-win situation, why did $630 million of their customers' money disappear into 400 hands? There's only one way to sum this deal up: Snakes in Suits Slither Beneath Black Rock. Those behind Barclays drew too much attention to themselves via their slogan of "Quietly Conquering The Financial World," so now the major holder of our public corporations will appear as BlackRock rather than Barclays. Same circus, same clowns, different banner. Green shoots was actually the eye of the financial hurricane. You ain't seen nothing yet. Gawd, I hope I'm wrong.

Will We See the Gradual Nationalization of Government Contractors?

Look up the TOP 10 Major Holders of these companies. You'll see that a handful control them.
CAI: 4.95% control over 50%.
NOC: 1.85% control over 50%.
LMT: 1.45% control over 50%.
SAI: 3.37% control over 40%.
Barclays is London and AXA is Paris. Drill down into the major holders, and you'll see the same names. Then see that the same holders control AIG, C, BAC, WFC and so on, including GS, MS and JPM. Same with IBM and GE.

Ever wonder why our destiny seems out of our control? Even in our little mid-western town, SI International was taken over by SERCO, an immense British government contract firm. SI International processed immigrant files for Department of Homeland Security. ATK manages the local ammunition plant, the largest supplier of small rounds to our military. Same names pop up. Gives one a real sense of security in the homeland.

Dow/Gold Ratio and the Dollar: What Does It Mean for Value Investors?

What's disgusting is that the same Major Holders are in EVERY corporate entity within the Dow Industrials, AND in the bullion banks. They can easily make the ratio whatever they want to suit THEIR purpose. Face it, until it is no longer profitable to lie and steal, it will be difficult for ordinary folks to hang onto the profits of their labor.

The Death of Buy and Hold Is Greatly Exaggerated (Part 1)

Buy-and-hold is an excellent strategy. I bought physical gold and silver in 2005 and held. When folks start keeping their promises again, buy-and-hold will be good for certain stocks and time to trade in the gold and silver.. It's a little like sailing into the wind. One must tack one way, then come-about and tack the other way. Never directly into the headwind. And if that wind is from a hurricane, best not to be sailing at all. If you see "green shoots" too soon, you may simply be in the eye of the financial hurricane.

Buffett Gets 'Comeuppance' After Gold Outperforms

I guess I'll never understand the hero worship of Warren Buffett. If you understand what an agent is for foreign money power, then you'll understand the success of Jack Welch, Sandy Weill, Warren Buffett and a few others. Agents generally give over their fortunes to foundations, where it remains controlled when the agent passes on. Of course, they say it's for other reasons. Always look for where they got their play money to grow.

U.S. Economy: 'Less Bad' Doesn't Mean 'Getting Better'

Perhaps we're just in the eye of the "financial hurricane," as agent Buffett is calling it now. Never was in a hurricane until I was in Houston back when Alicia hit. Storm seemed over, sun was shining, birds flying around, not many threatening clouds; so I got in my car and headed to my client's office. Two miles down the road, my car started rocking from the side wind. Immediately did a U-turn and all was calm again. Sped back to the hotel and just as I got out of the car, the strong wind came again. Real stupid of me. A mistake I won't repeat, not even economically.

The Banking Time Bomb Test

If you really want to understand these huge banks, "The Best Way To Rob A Bank Is To Own One" by William K. Black. Most of the bank examiners were not around back in the 80s, so they're being used on wave number two just like the same type of examiners were used in the S&L fiasco. The control frauds, the financial superpredators, easily enlisted the aid of the top-tier audit firms, top-tier law firms and their politicians to try their best to continue their Ponzi/Madoff schemes. In fact, they have no other choice. Black details how two insolvent firms can be merged and then show profits. Here we go again. Only bigger and much more damaging. Sure wish it wasn't so.