These 'mortgages', these debt-until-death-based membership fees are society's dues, leveraged on all tiers of the workers who produce the wealth for those who own the means of producing that wealth and who, by so owning them, take and hold possession of and use the majority of all the wealth you produce.
As part of our illusion of being free, though, we are allowed to play with the big rollers and gamble on the stock exchanges (where one can also lose, of course, unless one has grown up in a factory making Japanese 'candlesticks', or catch some of the crumbs from the bonfire tables of our get-rich-quick vanities - or know the 'insider' rules.).
An amusing exercise is browsing through stock exchange terminology – you'll soon see that it's a crap game deliberately complicated to the point of arcane to disguise that: Totally random unless the dice are loaded (and as you have now seen, they are and always have been: insider trading and many other fun things like Credit Default Swaps now come to mind).
But what's behind all this criminal activity suddenly and recently coming to light?
Party's over.
The owners are pulling out of wealth streams leveraging the little power left in paper currencies that neither metals nor properties have backed for almost a hundred years.
These are patient players leaving he building - they know once the cat's out of the bag, it's a real b*tch to get it back, they lost control of the 'reality' implosed on their indentured servants, and, as ex-slave and former Statesman Frederick Douglass (portrait above) pointed out, ""Knowledge makes a man unfit to be a slave."
Who knows? All this may just mean a change of ownership and new terminology for the Game:
'Backwardation' is a lovely, almost childish, term for something poorly understood. It's a Market situation "in which futures prices are progressively lower in the distant delivery months (italics mine – go back over the last two years and look).
"For instance," according to the Primary Asset Management Company (PAMCO), "If the gold quotation for February is $160.00 per ounce and that for June is $155.00 per ounce, the Backwardation for four months against January is $5.00 per ounce.' Backwardation is the opposite of being 'in contango' a market situation 'in which prices in succeeding delivery months are progressively higher than in the nearest delivery month," the normal and up until now prevailing situation.
Gold Backwardation took a full and possibly final hold on December 2, 2008.
Antal E. Fekete's Safe Haven, a financial 'observation post" fielded this report on The Day After:
According to the December 3rd Comex delivery report, there are 11,759 notices to take delivery (of gold). This represents 1.1759 million ounces of gold, while the Comex-approved warehouses hold 2.9 million ounces. Thus 40% of the total amount will have to be delivered by December 31st. Since not all the gold in the warehouses is available for delivery, Comex supply of gold falls far short of the demand at present rates. Futures markets in gold are breaking down. Paper gold is progressively being discredited."
MISSED - AN HISTORIC FIRST!
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One of the last hints you'd have to be blind not to trip over of the Dec 2 tipping point's arrival surfaced quietly a couple of months earlier on the Huffington Post, which does keep watch:
