What the East Giveth, the West Taketh Away…Again

In a nutshell, what the western financial system has been frantic about during this fiat currency experiment that began in August 1971, is to prevent investors from running from the paper asset side of the street — and into hard assets of any kind…commodities in general — and the precious metals in particular.

This is they system that is now blowing up in their faces — and most on the short side in the COMEX futures or options market are now facing certain financial Armageddon as commodity prices continue to rise — and more shorts start to cover, which draws in the speculators behind them. This accounts for the parabolic rise we’ve been witness to over the last many months.