On the heels of continued chaos around the globe and with many stock markets hitting new highs, today a 40-year market veteran sent King World News a powerful piece discussing the fact that the New World Order “gangs” are now pushing the world to the brink.  Below is what Robert Fitzwilson, founder of The Portola Group, had to say in this exclusive piece for King World News.

By Robert Fitzwilson of The Portola Group

December 8 (King World News) – NWO Gangs Pushing The World To The Brink

Martin Scorsese’s movie called the “Gangs of New York” described the plight of the Irish immigrants struggling to carve out an existence in the mid-1800s. Waves of Irish came to America to avoid starvation during the Irish Potato Famine. The movie centered upon a particular location on Manhattan called Five Points, a five-square block area now buried by Columbus Park and a federal court house. Among the colorful names for gangs were the Bowery Boys, the Plug Uglies, the Dead Rabbits and the Swamp Angels….

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It was reported that much of the fighting was rooted in politics. Each gang would push to have their local candidates elected so that favors could be returned to ease the squalid conditions for the members and families. It was a gruesome existence. Prostitution was the norm practiced within the family home. It was also reported that so-called middle class tourists would come for a visit to see first-hand the filth and misery in which these proud immigrants lived as they struggled for survival and a better life.

In our time, we struggle with the deeds and ramifications of our own gangs. These new gangs are geopolitical and global. The names of the new gangs are familiar. Among them are the central planners, the central banks, the fiat-currency bloc, OPEC, the Russians, the Chinese, the Japanese and the United States. What was once a seemingly peaceful and prosperous “New World Order” after the fall of the old Soviet Union and the emergence of China as a powerhouse has turned into a free-for-all played as a zero-sum game.

Ancient ethnic and religious hatreds have also reemerged to create a destructive and toxic environment for all. The lesson of history is that this is the norm. The prosperity of the last 200 years was an anomaly, perhaps not seen since the heyday of the Roman Republic and Empire, although it also brought death and destruction through endless global conflicts. As we rush headlong into a clash between a world dependent on growth and the resource limitations of the planet, the path ahead is likely to become much more treacherous just as Irish immigrants found upon their arrival in New York City.

The clashes between our modern gangs are intense and broad-based. With the comment this week from Saudi Arabia that oil will likely settle in around $60, it is now clear that they were a major factor in engineering the dramatic decline in the price per barrel. It’s possible that a deal had been struck to try and hobble Russia and to reward their emerging Chinese friendship with cheap oil. The Saudis are unhappy with the Russian support for Syria and for Iran. The traditional quid pro quo that the U.S. would protect Saudi Arabia in exchange for the Petrodollar is fraying at the edges. The Chinese would naturally be seen as a successor protector given the huge improvements in military capability China made in the last 15 years.

There could also be some truth to the idea that Saudi Arabia is trying to cripple the U.S. oil shale companies. In public, the Saudis express disdain toward the importance of shale oil, but the rapidly diminishing relevance of OPEC and even Saudi Arabia in a world nearing 100 million barrels per day of demand is plain for all to see.

Given that supply and demand is very tight at the moment, perhaps they saw it as the best time to engineer a strike, believing that increasing demand and diminishing supply will grind the price per barrel back up to their $100 target. If so, it is a very risky gambit. Once you break something, it is hard to put the pieces back together again. They are running the chance that the world gets used to the $60 price, and they wind up losing hundreds of $billions of revenue going forward. With ISIS banging on their front door, further unrest in their neighborhood could also turn against them.

The rest of the gangs have also been extremely active. NATO committed to moving more tanks and airplanes along the border with Russia. Russia continues to showcase their military capabilities. China is building an airstrip in the South China Sea in disputed waters. Perhaps the biggest move is the nascent resurrection of the ancient “Silk Road” land routes insuring that Chinese supply and distribution lines cannot be disrupted by naval power. And Japan continues on the path to the destruction of their currency.

It was an interesting week for the gold and silver manipulators. There was a huge V-shaped reversal on Monday that, in past times, would suggest that the bottom is in. It is clear that the gangs involved in the fight over gold and silver are finding $1,200 to be somewhat of a line in the sand, although we saw the traditional Friday selloff at the end of the week.

For both precious metals and energy, it is a war between supply/demand and the derivatives. Perhaps the most interesting nuance for the week was the ability of the precious metals to hold their ground despite a stronger Dollar Index. But gold and silver will skyrocket once all fiat currencies come into disrepute. Perhaps what we saw is an indication that this possibility is drawing closer.

The avalanche of fiat currency and credit continues to support stock indexes and government bonds. Even if the central banks were to be cutting back on buying stocks, institutions desperate to place money and corporate stock buybacks continue to create extreme overvaluation in both markets. Investors with sharp pencils can find individual stock names that represent great value, but the fixed income markets are hopelessly overvalued at best, and toxic at worst. The mainstream media continues to tout “record highs” for the indexes, even on days when the rises are small. In the meantime, on days during which gold and silver are strong, the mining stocks move higher in dramatic fashion. The pent up potential for large upside is clearly visible on such days, except to the mainstream media.

The situation is exasperating. Normal people just simply want to invest money for the long- term. The “gangs” are playing an even longer-term game using resources and financial assets as pieces on a chessboard.

We continue to favor the small universe of fundamentally sound stocks as well as energy and precious metals. We would not aggressively take new positions in the energy sector in particular until we see a turnaround in the oil price. Companies that are heavy consumers of energy will benefit, but for how long is an unanswered question. We won’t find out who hedged what until the next quarterly reporting season. What might seem intellectually obvious could be turned upside down through the use of ill-timed hedges by the corporations. Physical metals are still being aggressively purchased by the major players at these levels, and should also be accumulated on dips.

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