All the world is indeed a stage, and what is unfolding is a worsening tragicomedy, and it is under the direction of the elites through their debt enslavement [un]known by the world as fiat currency. The unelected "officials" in the EU are the equivalent of Keystone Kops. In fact, that is also true even of elected officials. They are all a bunch of clowns in charge of the circus called government.
There is a very high probability that what has been unfolding in Greece will eventually be in your own government, so pay close attention to the outcome of how the bankers are choking the economic life out of the Greek people, and as events have unfolded, it appears that Tsipras has caved into the moneychanger's demands in exchange for a bailout. This is totally contrary to the outcome of the referendum wherein Greeks voted OXI for accepting the unacceptable financial impositions on Greek citizens.
One huge obvious lesson that escapes people throughout the Western world is that voting does not matter. In the end, the bankers rule and get their way, and people have no say.
What is always at the bottom line for all decisions? Money, and guess what? Very few people have the slightest clue what "money" is. That is the central tragedy around the globe.
Here is a legal definition from Black's Law Dictionary, 4th Edition: Money -
In the usual and ordinary acceptation it means gold and silver, or paper money used as circulating medium of exchange, and and does not embrace notes, bonds, evidences of debt or other personal or real estate. [Emphasis added]
We have covered this before, but people prefer to believe in the lies fed to them instead of the truth, when actually the truth to them appears to be a lie. The elites understand psychological programming and have used it quite effectively for the past few hundred years, for they have created the lies taken as "truth" by those unaware who are unaware of being unaware, i.e., most people.
Here it is again: Federal Reserve Notes [FRNs], are not dollars! [Same applies to Euros, Pounds, Yen, et al]. FRNs are debt instruments issued by the private corporation called the Federal Reserve, which is not a part of the corporate U S federal government. For anyone who believes otherwise, you are laboring [unaware] under a dysfunctional belief. A belief held will always be defended. People go to war over beliefs. What people do not realize or refuse to accept is the beliefs are not necessarily reality, which is what makes a mistaken belief about reality so dysfunctional.
FRNs are debt instruments issued by the Federal Reserve. Refer back to the definition of money from Black's Law: "...[money] does not embrace...evidences of debt" Can that be any more clearly expressed? A FRN is a debt instrument, and debt is the opposite of money. While the definition included "paper money," it pertained to paper money that was then backed by gold and silver, not fiat.
Credit cards are not money, although people use them to purchase things. When you use a credit card, you are incurring debt. Checks are not money. They are a paper form instructing banks to move checkbook deposits, considered money, from one account to another, but all within the banking system of what is now mostly digitalized currency.
Money is not the currency. Money is an intangible, an abstract term for a medium of exchange.
Everyone who carries FRNs thinks they are carrying money, but that is not true. [Reread the above few paragraphs for you will never learn this in any school.] In the United States, a dollar is money. "Wait, wait, wait! FRNs have the word "dollar" printed on them, isn't that true?"
It is true that the word "dollar" does appear on each FRN, but that does not make a FRN a real dollar. If you "believe" a FRN is a dollar, it is a dysfunctional belief based on the elite's Federal Reserve deception.
"This is so confusing."
Actually, no. It is more of a function of cognitive dissonance. The lie fed to everyone [by the FED] since its inception has become the wrongful belief that is taken for the truth, and when told it is not the truth as believed, it creates confusion in one's mind, which is understandable, but still unacceptable. Think of it as a bait-and-switch Ponzi scheme on the grandest of scales that few people can comprehend, at least until told otherwise, and even then, many refuse to believe or accept the real truth.
Let us repeat: A Federal Reserve Note is not a "Note," even though the word appears on each FRN. It cannot be a Note because it does not stipulate payment of anything, to anyone, at any time. It is a purposeful deception to get people to believe that which is not true. Most people would call it a lie.
A FRN is NOT a dollar. What is an actual dollar in the United States? A dollar is an expression to describe a quantity of silver or gold in coin form. By law, a dollar is still the current account of money of the United States today. "The money of account of the United States shall be expressed in dollars." Section 20 of the Coinage Act of 1792. This law has never been reminded, but it is being totally ignored by the de facto corporate federal government which remains in bankruptcy since 1933 and under the full control of the elites, the moneychangers.
No one has to agree with us on this, and we always urge people to do their own due diligence, and when you do, it is impossible to come to any other conclusion. Facts are always facts, and they override dysfunctional beliefs about reality.
What one will ultimately conclude is the realization that there are no lawful dollars circulating in the United States, today. They were removed from circulation by the Federal Reserve and destroyed during the 1920s and 1930s. At one time, Federal Reserve Notes were specie-backed, just like real United States Notes that were backed by silver and gold.
However, the specie backing was removed and all that circulates are fiat FRNs that still bear the word "dollar" on them, when by existing law, they are not dollars in any way shape or form.
This is why we said in our heading, Money DOES NOT EXIST.
While money makes the world go around, very, very few people understand what money is and what money is not, and that is purposeful on the part of the elites and every government. When you can begin to grasp the importance of the lies that are used to control the world's population by the elites, it is not that hard to better understand how and why gold and silver continue to be manipulated and suppressed. It is all in defense of the US fiat "dollar" as the world's reserve currency, fast losing its status on the Eastern world's stage, and it is why the US is engaging either directly or mostly indirectly in wars wherever they can.
More at another time...
Developing a healthy respect for the prevailing trend is very important. Trends take more time to change than people realize or expect. The relatively shallow correction in the Fed's fiat "dollar" strongly favors the continuation for higher prices. Of course, that could change next week, but next week has not happened, and all we can do is rely on the present tense market information which remains constructive.
As the antithesis to the fiat "dollar," gold and silver should remain on the defensive for some time to come over the next several months, at least.
The $18 Axis Line remains an important test for the ability of silver to prove it can turn direction from down to up. Forget about fundamentals. The wants of the central bankers override the legitimate laws of supply and demand. For now, the only thing that matters is price, and it is lower in 2015 than it was at the same time in 2014. That is your message.
The broader weekly TR is a down trending channel on the daily since the mid-May swing high. When you view the reality of the down trend and where price is, for silver, you have to question the validity of those saying there is an "imminent explosion to the upside for silver" ahead. Really? Then why does price act so poorly on an ongoing basis, flying in the face of all the positive fundamental news?
We keep saying, trust your eyes, do not believe in the hype.
As strong advocates for the value of buying and personally holding gold and silver, we continue to acknowledge the superior forces artificially holding down price. It is an indication of exactly how influential central bankers are, and they take no prisoners when they act in force.
The whole world sees the potential of a "double bottom" forming [in silver, as well]. If anyone is buying in the paper market anticipating it will hold, the probabilities are less than favorable, and making "bets" against the odds is an expensive way to flex one's ego, pitting it against the market forces.
The rally response of Thursday and Friday, last 2 bars, is less than impressive. Until there is a change to higher swing lows form the current lower swing highs, trading paper is a fool's game in gold, [and silver].
Continue to buy and accumulate physical metal. There is no way to know when the trend will change and when the availability of the physical could dry up and/or become very difficult to buy. There is a certainty of its availability right now.
If you are not getting the drift that banks are in the process of stealing whatever "money" you have on deposit, and anything deposited in a bank is considered theirs, and you are an unsecured creditor, better to buy and hold PMs with no third-party risk and no fear of banker confiscation.