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BUT, I believe they are different things. The current trial ballon is to restart a former government program while the link you posted is about banks that have been operating ever since the depression. We shall see what new ways they can come up to use taxpayer money to bail everyone out.
Bill,
I have been recently pondering the enormous beating the PM shares are taking and trying to put myself in the shoes of the monetary authorities to ” walk a mile in their moccasins” and try to figure out what is up. Obviously to rig the shares to force investors out of their gold holdings is an idea that needs no more “preaching to the choir” on this site. But there may be another method to this madness.
The authorities are well aware that most mines are unable to make profits with the POG at this level. This is due to increasing costs of production which are rising with inflation against a produced asset that is not allowed to rise due to all the factors that you have espoused. To kill off the mining industry would at first glance seem counter-productive to their desires of keeping the POG low, as it can only lead to supply imbalances and a shortage of gold, which in a free market would lead to a higher price. However, to apply logic to this turn of events points to another reason, in my opinion. I believe the stores of existing already mined gold available are rapidly declining and will probably be used up in the scheme to suppress the POG, possibly before the next election. All that will be left is what the government has referred to as ” deep storage gold”, what we suppose to mean as gold in the ground, i.e. as of yet unmined gold held by the mining industry.
We all have become aware of the duplicity of Goldman Sachs in selling CDO trash while at the same time shorting it and therefore fleecing their investors. Many have speculated that they are currently buying up gold while at the same time they just issued their recommendation to short it, again fleecing their investors. Proof of this comes from Adrian’s comment on how their short position continues to decrease as they issue calls for the public to sell. Along these same lines, to kill off the share prices of mining shares leads to a great buying opportunity&n bsp;for them to pick up that deep storage gold for a song.
Jim Sinclair thinks that Barrick will consolidate the mining industry, and most believe Barrick is in cahoots with the currency managers. Therefore the logic is; kill the POG, that kills off the share prices, then Barrick or another official arm of the currency managers like GS consolidates or buys up the industry for less than the gold in the ground is worth, once bought allow the POG to rise in a natural manner. FDR practiced a form of this when he confiscated all the privately held gold in the nation for one price, then once in the government coffers increased the POG by presidential dictum. In effect robbing all the US citizens in the process. So there is precedent for this type of action.
Last year I penned a letter to you wondering whether this was happening. It may be happening right now.. We know that there is a general swing towards nationalization of commodities across the globe, particularly in Russia and in South American countries. Will we nationalize the gold industry here? If we do it will only be after destroying the industry and then probably coming in to ” rescue it” in an heroic effort. Or maybe all the deep storage gold will simply stay in the hands of an enormously wealthy elite group of bankers.
Just a thought, what do you think?
Goldbug
The worthless loans will be but into Fannie and Freddie - then when they blow up - they will be bailed out using the shepples money! Makes you feel warm and fuzzie doesn’t it! CROOKS! Reminds me of the old Jerry Reed song; She got the gold mine and I got the SHAFT! 
Isnt it the same thing I was referring to at 11:45 on Dec. 13, based on the posting of the link below by Garlic at 10:09 on 13 December. Garlic’s point was that this government vehicle is already responsible for more cash injection than the Federal Reserve itself. Or are you referring to something in addition to the vehicle that is described in garlic’s link reposted below?
A real shame is was, indeed.
I better turn this thing off now and call it a night once and for all. 
Best wishes!
JBI
Bill,
In the December 14 session on the TOCOM Goldman Sachs INCREASED their short position by 550 contracts to bring their net short position to 10,179 contracts. Looking at the chart below it is clear that GS is only at the lower support line of their declining short position trend. They are NOT aggressively shorting as they have in the past. Meanwhile the POG is in a classic pennant formation which is a continuation formation in TA, which means that the POG should break out to the upside soon. It looks to me that GS knows the jig is up. The chart tells it all. The POG has been rallying since June 2006 while the GS short position has been in undeniable and dramatic retreat. They will need to cover their remaining position very soon.
Cheers
Adrian
Yes, sometimes it pays to stand back and look at the big picture. I know that all of you with shares are hurting and I feel your pain, I really do, even though I don’t own any. As long as there is a bull market in the PMs the shares HAVE to follow eventually. Don’t give up. The slime naked shorts can’t go on forever, even though it may seem like at times.
Best
Dusty
One of my favorites!!!!
What a loss when he died in his plane.
Dusty
…finally someone calculating Inflation as it should be calculated….thank you Mr Williams
John Williams: Annualized year-to-date inflation through the first 11 months of the year was 4.2%adjusted, 4.5% unadjusted. In theory, the adjusted and unadjusted numbers should be the same for the full year. Despite minimal catch-up in accounting for both CPI-U and PPI energy and food inflation …
Adjusted to pre-Clinton (1990) methodology, annual CPI growth was about 7.6% in November, up from 6.9% in October and 6.1% in September, while the SGS-Alternate Consumer Inflation Measure, which reverses gimmicked changes to official CPI reporting methodologies back to 1980, was roughly 11.7% in November, up from 11.1% in October and 10.4% in September.
More from Mr. Williams: The trade numbers continue to be targeted for manipulation…The accompanying revisions were based on a minimal correction to the regular overstatement of the guesstimated surplus in services trade. While these new numbers indicate the GDP has been weaker than previously reported, related GDP revisions are not likely until next July’s annual revision. Separately, the importation of oil still appears to be seriously understated in terms of both pricing and physical volume, although minor catch-up was shown in October. www.shadowstats.com
great comparison.
a reminder of reality.
“I live in high country
in rocky cathedrals
that reach to the sky
And all those who see me
and all who believe in me
share in the freedom
I feel when I fly
Come dance with the west wind
and touch all the mountain tops
sail over the canyons
and up to the stars
and reach for the heavens
and hope for the future
and all that we can be
and not what we are”
John Denver
…..an Eagle forever
~ ~ ~ ~ ~
Goodnight, everyone.
JBI
Last Week
Gold -0.27%
S&P 500 -2.44%
Month Performance
Gold -0.97%
S&P 500 -0.88%
Quarter Performance
Gold +10.21%
S&P 500 -1.88%
YTD Performance
Gold +23.51%
S&P 500 +3.50%
I am sick and tired at what is happening to all the PM shares.
I had more profit when gold was at $ 500, then now and if
this continues any longer, then all my profit will be gone and
the price of shares will be at a level when I first bought them
or lower. But I do agree with JBI,that this is a major shake
up of week hands and I am not selling.
“Prediction 4: The U.S. and foreign governments will actually buy low the quality debt.”
key is…they will skim off the “quality debt”…what of the crap debt?…which appears to be in the majority.
Greenspan sees early signs of U.S. stagflation
WASHINGTON (Reuters) - The U.S. economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday. In an interview on ABC’s “This Week with George Stephanopoulos,” Greenspan said low inflation was a major contributor to economic growth and prices must be held in check.
“We are beginning to get not stagflation, but the early symptoms of it,” Greenspan said.
“Fundamentally, inflation must be suppressed,” he added. “It’s critically important that the Federal Reserve is allowed politically to do what it has to do to suppress the inflation rates that I see emerging, not immediately, but clearly over the intermediate and longer-term period.”
biz.yahoo.com/rb/071216/usa_economy_greenspan.
-END-
The suppression line blew me away because that is exactly what the rigging of the gold price was all about under his reign as Fed chairman. The gold price suppression scheme was put into play to keep interest rates lower than they should have been and to disguise the true inflation in the US from the investing public and American people.
Greenspan will one day go down as a hypocritical bum. In addition to his fostering the gold price suppression scheme, he was the one who kept US interest rates too low, for too long. He was the one who encouraged Americans to take out adjustable rate mortgages. He was the one who opposed greater regulation of US financial markets and derivatives operations, etc., etc.