WORLD ECONOMIES FAIL AS ECONOMIC OUTLOOK TURNS GRIM

As I write this, for the third time this week, the stock market shows signs of intervention from the alleged Plunge Protection Team (PPT) which supposedly is used by a combination of government and big business forces that buy huge amounts of stock to keep it from failing through the floor. Debates have surfaced for years over whether this team actually exists or not although recent evidence, especially that of the past few days, strongly suggest that such a scheme DOES exist. Let me explain why.

Debunkers have said that if such a team exists, why did the stock market collapse in 1987 and again in 2008. That one is easy: Said PPT did not exist until AFTER the 2008 crash. So ignore any data before 2008 and what do we see? A stock market no longer tied to day to day data as even the most skeptical observer would have to note that the current market no longer reflects economic reality.

Take this past Monday for example. Greece is experiencing a full blown Depression, even though the media is careful not to even use the word recession when talking about the failing Euro. Most recent news put only Germany out of a recession zone with almost all of the other countries flat or, in cases like Spain and Greece, in the midst of a " severe recession." This is kind of like saying James Dean was involved in a minor fender bender when he died.

This news should have sent shock waves through the Dow Jones. What happened? The stock market went up and down like a roller coaster as huge sums of stock were suddenly bought, keeping the Dow from flatlining. This happened again Tuesday and again today. If the Euro does fail, and all indications are that it is barely hanging on, the world economy will go right along with it and, Walla, it's 2008 all over again. Yet some very wealthy individuals or companies are suddenly buying huge amounts of stocks in the midst of what could be an eventual stock market crash. What kind of idiot bets all his money on a losing hand? People trying to game the system that's who. Someone or somebodies are manipulating the stock market for the own nefarious purposes and we keep getting told not to worry about it, the PPT is an illusion. Then explain why the market isn't reacting to market forces like it should. The Dow should have dropped a thousands points this week, yet keeps sailing along with minor losses. What do these people know that the rest of us don't?

On top of all this, now comes word that the German government, the only member of the Euro not experiencing an economic meltdown, hasn't done an audit of any of their gold supplies in over five years. Not that the US is any better on that department as it's been decades since an audit has been done and something I agree with Ron Paul on that it is long overdue. Rumors still swirl that Fort Knox was emptied years ago and our soldiers are guarding an empty vault. Considering the government has stolen from the SS trust fund, Medicare, Medicade and pension funds, this should not come as a big shocker. Here's a link to the GATA website:

http://www.gata.org/node/11370

Germany's federal audit office, the Bundesrechnungshof, which monitors the German government's financial management, is unhappy with how Germany's central bank, the Bundesbank, keeps tabs on its gold. According to media reports, the auditors are dissatisfied with the fact that gold reserves in Frankfurt are more closely monitored than those held abroad.

In Germany, spot checks are carried out to make sure that the gold bars are in the right place. But for the German gold that is stored on the Bundesbank's behalf by the US Federal Reserve in New York, the Bank of England in London, and the Banque de France in France, the German central bank relies on the assurances of its foreign counterparts that the gold is where it should be. The three foreign central banks give the Bundesbank annual statements confirming the size of the reserves, but the Germans do not usually carry out physical inspections of the bars.
According to German media reports, the Bundesrechnungshof has now recommended in its confidential annual audit of the Bundesbank for 2011 that Germany's central bank check its foreign gold reserves with yearly spot checks.

The Bundesbank has rejected the demand, arguing that central banks do not usually check each others' reserves. "The scope of the checks that the Bundesrechnungshof wants does not correspond to the usual practices among central banks," the Bundesbank said in a statement quoted by the Frankfurter Allgemeine Zeitung newspaper. "There are no doubts about the integrity and the reputation of these foreign depositories."

Philipp Missfelder, a member of the conservative Christian Democratic Union (CDU), wanted to see the gold for himself and traveled to New York in person to inspect the holdings, according to the newspaper Frankfurter Rundschau. His trip was apparently unsuccessful, though. When he visited the Fed's safes in New York, staff were either unable or unwilling to show him exactly which bars belonged to Germany.

Considering that fake gold bars have been proven real, a topic I write about for Monex on a weekly basis, and that Germany was where they were first discovered, maybe the lack of economic crisis in Germany has more to do with them looting their own treasuries to stay afloat, rather than sound economic policies.

Speaking of looting, the New American Gestapo, otherwise known as the Department of Homeland Security, has issued orders to banks across America that "under the Patriot Act," DHS has the absolute right to seize, without a warrant or even suspicion of wrong doing, any bank account or safety deposit box they wish. At the discretion of DHS, any items found in said search can be confiscated immediately such a bars of gold, gold coins, firearms, documents of any sort or any material deemed contraband in nature.The DHS memos also state that any bank employee notifying people of tampering with their accounts or boxes will be terminated immediately and prosecuted.

Incidentally, this is the same thing Hitler did when he came to power, a figure who was democratically elected by the way. We are no longer safe in our own country when stuff like this is allowed to happen. The New Fascist Party, or the GOP, is totally behind this with the New Republican Party, or the Democrats, standing by and doing nothing. How much longer are people going to do nothing about this? How is it that all these so called "American Patriots," who wave the flag and vote Republican regardless don't see that they are voting for enslavement?

Vote out all Republicans in the next election. Anyone voting for the GOP is a traitor to this country at this point and really too stupid to vote. Let's give the Democrats enough rope to hang themselves and then, and only then, will change happen. If the Democrats have all the power, and do nothing with it like the Republicans did for decades, then we can kick them out next and start again. Anyone in the state of MA not voting for Elizabeth Warren is a true schmuck as it's people like this that need to be put into office in order to protect us from becoming another Fascist state with a new Hitler to lead us.