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'Risked Funds Now Flooding Into Gold' - Sterling Stamos Moment Opens Hell's Floodgates

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Davos Sherman Okst

A currency’s price in gold is the canary in the coal mine. Institutional money is having a Sterling Stamos Moment. They’ve spotted the biggest Ponzi scheme in global economic history and as a result have reached into that rat hole.  Redemption time.  Those risked funds are now flooding into gold. The currency fall, as all past currency falls that litter history, will be parabolic events when priced in the worlds only long lasting currency-gold.  

Sterling Stamos Moment #1, September 5, 2012 PIMPCO Pimping Gold

Paging “Smart Money’s” Marc Faber: Finally, two hands in your audience were raised when for the hundredth time you asked large institutions if they new what gold was.  Bill Gross’s hand went up first.  His fund PIMCO, the world’s largest Bond Fund (that is aside from Bernanke’s), is buying gold.

Let’s give that a second’s thought.  A billionaire, that made a fortune in paper, is shunning paper and buying gold.

PIMCO pimping gold and on Bloomberg TV no-less.

Gee, “Hooocodanode”?

September 7, 2012 World’s Largest Hedge Fund Touts Gold in Forbes

Ray Dalio’s Bridgewater Associates, the  hedge fund, the world’s larges hedge fund is echoing Bill Gross on why YOU need to own gold.

Gold is primarily an alternative to fiat currency and a storehold of wealth. The main advantage that gold has over other currencies is that it can’t be printed.

An alternative to fiat currency and a storehold of wealth

“Number Two”, welcome to the party.  The party that has been roaring for 10 years.  You are just in time too, we still have lampshades.

I wouldn’t call Dalio’s Bridgewater Associates “Dumb Money”, but the title “Smart Money” is reserved for Jim Sinclair (who top ticked the 1980s gold market and has been tirelessly beating this gold markets drum), Eric Sprott (80% of his own money in metals), Egon von Greyerz (who punctuates with confidence and certainty that this is historic because it is the first time all currencies are getting flushed once), Marc Faber (who was once Greenspan’s boss and knows Greenspan is a moron) and those like them.

The gang who got in around 2002 has doubled their money, not once, not twice, but three times.  Run the “Rule of 72″ on that every 3.3 years.  While everyone was taken to the woodshed the Smart Money was earning 22% (or maintaining their wealth as Bernanke et al decimated the value of every currencies purchasing power).

Smart Money also clearly articulates the differences in holdings.  As in how much paper is traded with claims to what really physically exists.  That will soon be of utmost importance. Most fail to grasp this, and likely never will.

Jim’s even been pushing DRS over Street Name Registration for those unwilling or unable to get out of paper.  Not if, but when the next MF ___________ fill in the blank robs its clients blind with moronic bets those with DRS won’t be taken for chumps.  If you don’t have DRS Google hypothication or rehypothication.

Smart Money also mentions silver, which to gold is 50:1 (50 ounces of silver buy 1 ounce of gold) and many expect it to go to 7:1.  Paging nouveau genius’s just joining the 10 year old gold party: Yah might wanna look at silver too there “Champs”.

Maybe that’ll be Marc Faber’s next question to his audience of large investors: (Don’t forget Marc’s great accent) “How vany of yooou aRrre vinVesting vin silVverrR?”

Sterling Stamos Moments

When you read stuff like this it becomes apparent just how lax money makes people.  You can see how  Pete Stamos the CEO of Sterling Samos Capital Management was running money for the Wilpon family (NYC real estate developer that owns the NY Mets) and he took $40,000,000.00 ($40 million) out of Madoff’s Ponzi scheme when he smelled a rat and dunked it into Sam Israel’s Ponzi scheme a hedge fund called Boyou Management.

Look at this chart and ask yourself, “Why would large institutions start buying gold now?”  Stamos isn’t a moron, he smelled a rat at Bayou too and redeemed his client’s money before others lost theirs.  While Bill Gross and Dalio are late to the gold party, like Stamos, they aren’t morons either.  Admittedly they smell a rat.  A currency rat.  A Ponzi scheme that’ll make Madoff and Israel look like small time chumps.

Back to the Future

There is another “Back to the Gold Standard” committee.  And let me tell you,  it isn’t some retarded Republican or Democratic prop for votes.

China, as all the “Smart Money” realized years ago, has been importing massive amounts of gold.  So has Russia.  Source ZeroHedge.

Perhaps they read Alan Greenspan’s 1966 Objectiveist article:

“In the absence of a gold standard, there is no way to protect savings from confiscation through inflation.”

Greenspan was hired by Charles Keating for $40,000.00 to walk around DC and tell regulators what a great business model and how ethical Keating’s Savings and Loan was.  Keating also bribed 4 Senators.  Then he was convicted.  But Ronald Reagan was impressed with Alan Greenspan and appointed him as Fed Chairman and Alan went on to show the world what confiscation through inflation is all about.

That, by the way, is how you get appointed to be the Federal Reserve Chairman.

Maybe they found out that Dr. Nouriel Roubini, who calls gold a “barbarous relic”, decorates his walls with female sculpted v#$%*&s.  Maybe the Chinese think that is barbarous and gold really isn’t a barbarous relic?  I’d send my daughter on a date with Satan before sending her to NYU to his economics class.  NYU really picks them.  NYU also hid Greenspan’s 1977 thesis (which foreshadowed HELOCs).

Possibly they read Bernanke’s book, which was so bad that I almost swore off books forever (and I read 4 per month).  I debated getting cable installed.  My TV hasn’t been tuned to a television station.  After 15 years I don’t know if it even works.

Here’s the intro to the worst literary work ever written, [emphasis mine].  This paragraph is total irony, for we are in a depression now.

“I guess I [Ben S. Bernanke] am a Great Depression buff, the way some people are Civil War buffs. I don’t know why there aren’t more Depression buffs [oh, trust me, there will be]. The [other] Depression was an incredibly dramatic episode — an era of stock market crashes [2008 and another one coming really soon], bread lines [we have them now, 47 million on "Food Stamps" go to Wal-Mart when the Electronic Benefit Cards get replenished on the last day of the month at midnight by JP Morgan Chase et al who then skim off the poor before Wal-Mart gets the opportunity to do so], bank runs [Greece, Spain and coming to a branch here soon], and wild currency speculation [like we don't have that now, see any currency v. gold], with the storm clouds of war gathering ominously in the background all the while [three wars, 23.8 percent unemployment, 11 percent inflation, the housing market, CRE, auto sales..]. Fascinating, and often tragic, characters abound during this period, from hapless policy makers [makes me start to believe in reincarnation when it comes to Greenspan and Bernanke] trying to make sense of events for which their experience had not prepared them to ordinary people coping heroically with the effects of the economic catastrophe.”

Whatever the case, the fact of the matter is reserve currency status doesn’t last forever.  The average lifespan of a Fiat currency is 39 years, we’re 41 years since Dick Nixon took us off the quasi gold standard.

Since that time the “two-party” system has been captured, the White House Chief of Staff is, was and will always be another bankster from another criminal cartel of banks.

Banksters who knew about and committed the biggest fraud of the century, blew the entire economy to hell not only didn’t go to jail, they kept their fortune and had us pay trillions for the crime they committed.

One crime that Greenspan aided and abetted by muzzling Brooksley Born who had the audacity to suggest regulating derivatives [crap fraudulent loans chopped up, bundled, rated by bribe taking agencies as Triple A investments and sold to pension funds, cities, countries and investors as, get this, investments] before they became a household word.  Now we are left with a market that uses computers to make 70 percent of the trades which are all predicated on insider information as the SEC spanks anything but HFT that do this.  Devoid of HFT’s the market would likely have no “liquidity”.

But the SEC turns two blind eyes.  It could be stupidity, when Bayou had lost $100 million but were reporting a 20% return the SEC asked for every trade, they were worried that one part of Bayou was ripping off clients by charging the other part of Bayou’s hedge fund too much on trades.  These effing morons got records of every trade.  I doubt one trade had made a dime.  The SEC moved on without even wondering how Bayou was turning a 20% profit losing money on every trade they made.

Everyone of us who has been following this fiscal train-wreck for the past decade has long maintained that the institutions finally figure “it” out.  After 10 years they did.  They had a “Sterling Stamos Moment.”

As they will pile on gold, and this stampede will redefine “parabolic” price moves in gold.

From there we’ve estimated that the demise of our dollar will be a swift and sudden snap.  There have been 3,800 Fiat currencies that have been buried and or revalued.  In Germany the Mark went from 2,175.00, to 3,976.00 to 30,381.00 to 342,477.00 to 269,439,000.00 to gold.

It ended at 87 trillion marks for 1 ounce of gold.

That entire mess took just 2 years.

The 45 degree trajectory of gold will nose up and accelerate like an F-16.  Hell’s floodgates have now been thrown wide open.  The “dawler” as my favorite Canadian bubble-head reporter calls it (Video after the jump (scroll to the 13:50 point). ) will, despite her economic aptitude, be re-valued.

Based on the chaos that has ensued with every other currency collapse it is safe to forecast that those without protection will either resort to FEMA camps like cattle looking for an air-bolt, or root out the morons who created this disaster with pitchforks and torches as 30,000 drones circle overhead armed with an Executive Kill order to assassinate any American on some asinine list (in that video by the way it is important to note that Bill Daley was a JP Morgan executive before taking over as White House Chief of Staff) and DHS packs enough ammo to put 5 hollow points in every man woman and child and American gun sales are off the charts.

Smith & Wesson Source ZeroHedge

Grab some popcorn and get ready to sing ‘God Bless America’.

My faith in the 5G’s has never been stronger:  G(*religious edit for my agnostic friends)d, Gold, Guns, Grub & the Government will screw it up.

http://www.psychopathiceconomics.com/DavosEconomicForum/2012/09/08/hells-floodgates-just-opened/



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    Total 5 comments
    • Fred C Dobbs

      Another article to send to everyone.

    • Ranger_Ric

      The best part of this is that the coming crash will finally do what nothing else could… it will purge America of the dredges, the parasite welfare class. They will kill each other, stave and freeze to death in a matter of months, the ones that move out of their zones to prey on working Americans will be cut down like cordwood.

      In a matter of months, America will rid of these leeches and the productive part of the society who is innovative and hard working will buckle down once again rebuild from the ashes.

    • Louis

      Whoever wrote this article is a brilliant straight talker with a bad attitude that I like a lot.

    • Anonymous

      There is only one reason for a government to drop the use of gold and silver as currency. They cannot pay their debts. This is why ‘tricky dick’ finally dropped the gold standard, as even in the 1970s the government could no longer pay its debts and needed to start ‘inflating it away’. It was just another ‘tax increase’ to pay for current and future debts that these governments cannot resist. Government LOVES debt because it gives them power in the present, without the consequences of the present taxation, as it shifts the tax burden to the future. But what happens when the future arrives? The history of Rome shows end end of that story, because eventually the ‘creditors’ stop ‘investing’, and the system collapses.

    • Carlos

      I agree with all the comments and this article and in fact I’ve been buying gold and silver for years but I have a question that I think is being overlooked. These government people aren’t idiots and they must know what is about to occur and they must have plans. The question is what are their plans and how can we protect ourselves and benefit from their schemes?

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