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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Jim Cook
August 26, 2008
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INSIDE INFORMATION

No other silver analyst on earth comes close to Ted Butler in digging up new revelations about silver. The prior article shines the spotlight on the bullion banks who dramatically, and quite suddenly, increase their short positions in gold and silver. You have to wonder why. I have a theory. They knew in advance the dollar was going to rebound. They knew that this would smash gold and silver.

Over the past forty years the U.S. government has intervened many times in foreign currency markets to bolster the dollar. It was never a secret and the media would report when it happened. Only in the past ten or fifteen years has this process seemed to have gone underground. Although we don’t hear of it like we once did, we can assume it still happens.

The big banks have currency trading desks that the government uses. It’s easy to conclude that the government accidentally, or purposely, leaked their plan to stop the dollar’s slide. Once gold or silver traders got their hands on this inside information, it was a no-brainer on how to turn it into a fortune.

Why would these big banks take such a large short position in the face of tightness in the gold and silver market? Did they know something advance? Why have they not covered all that much? Do they know the government’s exact target for the dollar? It makes you sick to your stomach to think such chicanery could be at work here in America. I hope that my theory is wrong, but let’s face it, this big short position in gold and silver does not pass the smell test.