News Flash: Dr. Evil’s “laser” Nearly Ready For Testing

My apologies to the two or three dedicated readers of this blog.  The bat signal has been in the sky this past month and your humble underground HVAC repairman has been a bit busy defending property rights and trying to keep the FDIC from peeing in China’s bowl of wheaties.  Alas, a nasty bit of work, but someone has to man the “just in time collision avoidance switch” (JITCAS).  And, just how many volunteers do you think there are for the 4:00 AM shift?

So now, as I recover and begin to prepare myself in body and spirit for the next round of battle with our state’s eco-nazi force of flying-robot-monkey-warriers, it’s appropriate to offer this timely warning:  Just because Harry Tuttle has been out there getting bloodied on the front lines doesn’t mean that Dr. Evil has been taking a nap in his underground lair.  Oh, no, he has not, I assure you.

Of course, you know that I’m really talking about George Soros here, right?  Not some fictional character in a Mike Meyers film?  No, an actual, living, breathing, nasty-action figure? 

His latest proclamation“Unless we learn the lessons, that markets are inherently unstable and that stability needs to the objective of public policy, we are facing a yet larger bubble.”   Slap me, I must be dreaming.  Why, he almost sounds like a true Austrian, don’t you think?  Except, wait a minute, this is the guy that’s funding MoveOn.org, so there must be more to the story.  Gotta wonder what kind of public policy he’s talking about.

In regards to Mr. Soros’ specific warnings regarding the impending demise of the Euro, however, you can bet he’s now (or soon will be) long the Euro.  “Doc E”, to his “friends”, is just that kind of guy.  For those that don’t remember, this is the fellow that pronounced that the gold bubble would burst, all the while increasing his gold stake.

So, again, many thanks to Doctor/Master Woowoo for reminding us, “Grasshopper, the only constant is change.”  Like, duh, OK, but again, what exactly did you have in mind Doc?  This isn’t Kansas and I most assuredly will pay attention to the man behind the curtain, especially since he kind of looks a bit to me like Uncle Fester’s near-sighted cousin.  

So, for one thing, I think I’ll just keep an ear open to what the likes of GATA has been telling us all along.  The Precious Metals (PM) market really is being manipulated, just like all of the other ticking time-bombs on the landscape.  You know them, don’t you:  Currency, Bonds, Banks, Stocks-In-General, the little tiny, but explosive, micro-Hamas-bots being inserted between your medical doctor’s butt-cheeks as we speak.  You know, pretty much everything you can see, hear, touch, smell, or taste, if you go in for that sort of thing.

So, OK, yeah, I know, GATA has a long-standing reputation as gold conspiracy theorists (err, nuts).  But, still, I shouldn’t have to say it, but you’re not paranoid if “they” are actually out to get you.  And, as recent disclosures – and CFTC hearing testimony – reveals, they’ve pretty much been right all along.

But, here’s the heart of the matter:  Like any angry, emotionally retarded, acne-surviving-ex-never-had-a-date-in-high-school-nerd, Dr. Evil (and his whole axis of Progressivist OCD Pals), do understand the age-old Archimedean principle of leverage.  The math of it anyway, the repercussions of moving the whole world, maybe not so well.

That is – and has been and always will be – their whole game plan. It’s why we’re in the fix we’re in, it’s the primary tool “they” are using to fix the problem, and it’s why the problem will never, ever, ever, ever, ever go away. 

So, Harry, what’s that got to do with that heavy-duty, shiny yellow lump of ex-money jewelry stock we call gold, you might ask?   Well, if you’ve been paying attention, we’re talking about the probable 100:1 paper leverage extant in today’s gold market.  That is to say, there are paper positions that call for and could require delivery of 100 times the available stock of physical gold, currently priced at $1,150 per ounce. 

Do you understand the implication?  Do you?  Well, if you’re dumb enough not to get it, then, hey, not my problem.  Just go on back to reading your copy of Origin of Species, the illustrated comic edition, ’cause you don’t need my help at all, Darwin already has a plan for you, my dimwitted friend. 

But, for the more-than-usually-curious among you, see further articles, blogs, and interviews, etc.  here, here, here, and an especially worthwhile MP3 audio interview with Jim Rickard of Omnis, Inc.  here.  

To these threads, I must add the completely and utterly rational question:  Just how might an unscrupulous billionaire play this field?  Well, for one, he might just buy calls, squint at all those naked shorts at JPM and insist on delivery, saying something like “make my day”.  Golly, they might just offer him a 25% premium to not take delivery, might they not?  Well, according to some sources, that is pretty much what’s been happening of late.  Pretty damn sweet, those 25% montly returns.  Let’s see, that’s only 1,455% per year, compounded.  Just the right amount to fund a “laser” research program, I suspect.

Of course, what Archimedes was actually supposed to have said was “Give me a place to stand, and I shall move the earth.”  Where exactly does Dr. Evil stand do you think?  Do you wonder what a fellow like him really means when he says stuff like “You have the potential of a complete breakdown of the entire system if you have a slowdown of economic activity in the center even as inflationary pressures mount, … We’re on the edge of it, yes.

For you and me, that might just mean, “hey, slowdown there, step back and get your house in order”.  For the likes of Dr. Evil, it might just mean it’s time to “bust a move”.  (And, oh yeah, fast-track testing of the “laser”.)

Harry Tuttle

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2 responses to “News Flash: Dr. Evil’s “laser” Nearly Ready For Testing

  1. This is clearly a fraud, investors in paper gold were misled

    What i think is the key factor here is how many of those investors are speculators, with no intentions of taking delivery and are happy to settle in cash

    if it is 0% or 1% then this is not a problem, the system would not be affected

    however if there are a percentage greater than 1% of paper gold holders who are investing the long term and the knowledge that settlement would most probably be in cash, then this infomation maybe make them ask for delivery,

    wonder if this all these holders will hear this news

    • Adrian:

      Thanks for your comment.

      Fraud? Most certainly, but who’s we might ask?

      There are rumours about that the likes of Mr. Soros are taking 25% premiums against delivery. Not a bad monthly rate of return. Of course, you’ve got to have a big enough of a position for the threat to be real enough to work. For now, those that can, will, for as long as it will work.

      Will it come out? Although it’s getting some limited exposure at the moment, the mainstream media has, thus far, ignored the problem. Of course we don’t hear much about the $1 Quadrillion in notional derivatives still floating around, especially those geared to explode when interest rates rise.

      Good to hear from you.

      HT

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