A Shout Out for Scruffy...

GATA Bill Murphy's Lemetropole Cafe market letter...

http://agoracom.com/ir/ECU/forums/discussion/topics/412960-a-shout-out-for-scruffy/messages/1360171#message

Good morning Bill. As I read through the morning (non-mainstream) news I see a huge pervasive rot threatening all aspects of our financial lives.

Here is a short list of what we are up against:

1 A network of elitists bankers who have a get out of jail free card, who contribute to both sides of political campaigns, who migrate employees to key positions in the administration and in the regulatory agencies that are supposed to assure fair market practices.

2 A history of million dollar fines (if any) for billion dollar crimes and no jail time for the biggest crooks.

3 Total control of mainstream media to the point of effective propaganda. Has anyone read or heard anything re the recent CFTC bombshells on MSNBC?

4 Regulations that destroy any transparency in our markets. The big bankers are protected by the regulators that are commissioned to protect us against them.

5 Naked shorting by the elite insiders to the detriment of all of us investors. Every naked short sale recorded and is identifiable, yet I have never heard of a single person, or clearing house, or brokerage receiving as much as a fine let alone jail time.

6 Evidence repeatedly provided to regulators and compliance agencies of the US that is NEVER acted on. Not one of the exposures leads to cleaning up of the markets, to firing of the idiots in charge, to jail time for those obviously complicit graft enablers, nor intervening in the crimes in progress.

7 A strong $ policy based on propaganda and manipulation. Does anyone with one eye and two brain cells believe the inflation #s? ... the unemployment numbers? ..that we have "turned the corner" or have begun the recovery? ..that the ObamaCare will cut the deficit? .. that the treasury is not the biggest buyer of treasuries via buy-backs?

8 Gambling casinos (crimex/nymex/lbma) that set the prices on physical commodities.

9 "Physical Markets" that have no physical.

10 Bribes offered to keep options holders from demanding physical delivery.

11 ETF’s that can’t be audited. Anyone who has read the prospectus and thinks that he/she is investing in physical should not be allowed to wield a check book.

12 Rules that allow options to be settled with (fraudulent) ETF shares.

13 A Fed that can keep its books hidden from the public. I was going to say from congress, but congress is part of the problem and we cannot count on them to act responsibly.

14 A government backed stock market manager (PPT) to get people to continue to "invest" in a stock market balloon while savings returns are miniscule to nonexistent.

15 A steady move to shun new purchases of US treasuries by the rest of the world.

16 Most moves up recently in the US $ have not been because of anything that indicates the $ is healthy, but because the currencies of the rest of the world are down graded by US based rating agencies. This while ALL currencies are pushed around by markets dominated by US and UK bankers.

17 Assassination attempts on whistle blowers.

18 And not the last, not the least, but one of the most egregious, a congress and administration that panders to special interests and totally disrespects, ignores, and denigrates the citizens, as it shoves this nation down the socialistic toilet.

And once again, as has often been repeated throughout history, gold and silver are the last shelter and protection one can have against corrupt public and financial institutions.

Thanks Bill and all the GATA organization. Many people are now in a better position to see what is going on and to protect themselves.

Scruffy