"In summary: someone, unclear who, operating through Belgium and most likely the Euroclear service (possible but unconfirmed), has added a record $141 billion in Treasurys since December, or the month in which Bernanke announced the start of the Taper, bringing the host's total to an unprecedented $341 billion!"
We covered this post briefly in the comments this week when it hit, but it needs to be examined further. Well to the extent that conspiracy theory needs to be established so conspiracy fact can once come true again. The gist of what I'm getting at can be very easily derived from the simple statement, "or the month in which Bernanke announced the start of the Taper". Tell me, Belgium, really?
We discuss rigged and manipulated markets here at STB daily. We were among the first to jump on this bandwagon, embrace the new reality, and wait patiently for conspiracy theory to become a now well documented fact. We've been able to decipher QE and all its iterations, LIBOR and Gold market rigging, algos and HFT, the BLS data manipulation, the false liquidity, and then came the taper.
Taper, how could the Fed stop funding or supporting the rigged system, give us a line of shit a mile long about a recovery and still manage to run markets to fresh new ATHs wile keeping ZIRP intact? Honestly, does 'how' even matter anymore. We know the CTRL P function key got stuck in the on position about 5 years ago.
Maybe 'why' is a better question? Well, that's simple to answer as well. They die, their system collapses. There is a reason I have had that specific Andrew Jackson quote at the top of the blog since the beginning,
"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
and liberties we are losing at an extremely rapid pace as the current administration takes the Patriot Act and rapes the Constitution to further enslave us to support their system.
Debt - Loss of Liberty - Enslavement
Its all about their control, their greed, their lust for power, global domination, they can't lose. Well, if they stop printing they lose the dollar and it all goes POOF!
Back to Belgium and the mystery treasury purchases. I've explained the death of the global Ponzi system. They bought our treasuries and we bought everyone else stuff. Over and over this occurred till they stopped buying our treasuries. Then we did not have money to buy stuff. So we had to print to survive.
Who on earth has this sort of cash and why Belgium? Why was it not hidden better? Who's buying? We will get the answers one day and when we do it will be the end. When we discover the mystery behind the third largest holder of UST and what a farce it is - it all ends.
On to the lie -
So they ramped it to close at 1844 and upper yellow channel resistance, and then overnight drifted up thru this resistance point to open up a whole new world of opportunity. wow, what a bunch of crap. Just remember, they can't let the market have a meaningful correction. They took it as deep as they could with this last move south, right to the edge, and have now pulled it back from the edge of the abyss one more time.
Minis 60m - 1853 to 1856 is all they got left stopping them from much higher. They are still awfully close to the danger zone. They are far from out of the woods. Sure, they took back 1844, but I'm not so sure that's not much more than a symbolical move rather than meaningful one. Team manipulation is losing control.
Everyone is nervous. Remain patient and let the play come to you. Don't force anything here. Remember, nothing 'has to happen'.
More to come below.
Have a good day.
GL and GB!
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