Today was nothing more than central banks painting perception that they have repented their previous criminal activity and now should be considered saviours. Too bad they bypassed the step of prison time for the years of intervention and fraudulent actions.

To think that they can act as miracle workers and reverse the entire failed banking system over one weekend is simply unreal. They must assume that investors are extremely gullible to fall for this charade. Keep in mind that these are the masterminds that created the series of bubbles that only served to enrichen the elite and fool the commoners. Then they had enough nerve to repeatedly state that the subprime crisis was contained and then suddenly they have now seen the light over one weekend.

For anyone that can see through the smoked filled lies, any rise in the DOW is nothing more than a selling opportunity. Printing more money will only stabilize the system for a short period before even more printing will be required. The fact that the FED has coerced other central banks for assistance to follow their shadows should communicate more red flags rather than any sign of confidence.

Nice quote from Alex Wallenwein yesterday -

Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, "because Comex-gold isn't gold" - and because it deceptively pretends to be 'the' price-setter for real gold.

Lastly, even investors in remote New Zealand have figured out that the entire financial system is a sham and have lunged at gold bullion for safety.

Regards - VHF

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New rush for gold

Radio New Zealand

Updated at 8:45am on 14 October 2008

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