Jamie DimonLast week the financial MSM admitted for the first time that the West’s gold is being physically drained to Asia and that London’s gold vaults are “virtually empty.
Now, allegations that banks are rigging the gold and silver markets continue to gain credence among the mainstream as Bloomberg has published an article by Rosa Abrantes-Metz entitled How to Keep Banks From Rigging Gold Prices’’.

Rosa Abrantes-Metz concludes that gold prices may be manipulated and gives evidence to support her assertion.


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From Goldcore:

Today’s AM fix was USD 1192.75, EUR 871.957 and GBP 729.466 per ounce.
Friday’s AM fix was USD 1,195.00, EUR 875.33 and GBP 731.69 per ounce.

Gold rose 0.85% and silver rose 0.74% on Friday. Gold made gains Friday but still finished the week 2.8% lower. Gold fell back below $1,200 an ounce today as technical selling and year end book squaring led to price falls.

Gold in U.S. Dollars, 1 Month – (Bloomberg)

Prices were slightly higher in Asian trading overnight as physical demand picked up in Asia and holdings of the SPDR Gold Trust rose 5.40 tonnes to 814.12 tonnes on Friday – the first inflow since November 5.

Gold in U.S. Dollars, 1 Year – (Bloomberg)

Volumes traded on the increasingly important Shanghai Gold Exchange (SGE) overnight on their benchmark 99.99% pure gold contract were a robust 14.83 tonnes. Chinese premiums edged up $2 – from $16 on Friday to $18 today.

Allegations that banks are rigging the gold and silver markets continue to gain credence and Bloomberg have published an article by Rosa Abrantes-Metz entitled ‘How to Keep Banks From Rigging Gold Prices’ (see article including charts below).

Rosa Abrantes-Metz concludes that gold prices may be manipulated and gives evidence to support her assertion. Abrantes-Metz is adjunct associate professor at New York University’s Stern School of Business and a director in the antitrust, securities and financial regulation practices of Global Economics Group.

Falling gold prices despite robust physical demand this year, especially in China, have intensified allegations that gold prices are being manipulated lower. This is the contention of the Gold Anti-Trust Action Committee (GATA), influential blog Zero Hedge and others who contend that bullion banks and central banks may be intervening and surreptitiously manipulating gold prices lower in order to maintain faith in fiat currencies.

It is an important debate and one that has ramifications not just for the gold and silver market but for markets in general and for free market capitalism.

Rosa Abrantes-Metz, Director of Global Economics Group

Abrantes-Metz’s article shows how what was once dismissed as an outlandish “conspiracy theory” and the proponents of the theory laughed at as paranoid tin foil hat wearers, is now not considered quite so outlandish. This is especially the case, given the fact that banks have been found to be manipulating and rigging many markets and governments are openly active in currency and especially bond markets today.

As long ago as two years ago, the assistant editor of the Financial Times, Gillian Tett wrote in that paper that it would be “foolish” to “deride or ignore” the Gold Anti-Trust Action Committee (GATA) and their allegations regarding manipulation of the gold market.

Tett is an award-winning journalist and author and one of the most astute observants of markets and finance in the world today. Yet her article failed to lead to a wider debate and went down the ‘memory hole.’ As many positive gold facts, figures and developments have done in recent years.

Tett acknowledged that central banks intervene in and manipulate interest rates and her article explored whether central banks might also be manipulating gold prices.

“For my money, though, I think there are at least two reasons why it would be foolish simply to deride or ignore GATA, “ Tett concluded. She acknowledged that some of GATA’s points “have at least a grain of truth”.

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Gillian Tett, Assistant Editor, Financial Times

“Even if you find it hard to believe that central bankers would be dastardly enough to create a plot – or competent enough to do what Gata claims – the fact is that global commodity markets are pretty murky, central banks are often opaque and western rhetoric about “free” markets is often hypocritical. Those issues merit far more debate, not just among journalists, but central bankers too.”

Abrantes-Metz article is in a similar vein and may signal the beginning of a real debate about the allegations made about gold price manipulation that have yet to be rebutted.

How to Keep Banks From Rigging Gold Prices by Rosa Abrantes-Metz

Authorities around the world are gradually piecing together a shocking picture of how banks have manipulated benchmarks that influence the price of everything from mortgage loans to foreign currencies.

Another area deserves their scrutiny: gold and silver.

In recent weeks, Bloomberg News and others have reported on concerns, among market participants and regulators, that the process for establishing the price of gold may lend itself to insider trading and other forms of unfair dealing. The available evidence strongly suggests manipulation and, given the structure of the market, possibly collusion.

The price-setting mechanism, known as the fixing, provides an easy vehicle for manipulation. Twice every business day in London, representatives of five banks and some select clients participate in a phone call in which offers to buy and sell gold are put forward. These calls determine the morning and afternoon gold fixings, which serve as the benchmark for trillions of dollars in transactions around the world. Silver fixings work similarly, with only three banks involved.

Such direct communication is conducive to collusive pricing, especially when the group of participating competitors is very small. We now know that collusion distorted both the Libor and Euribor interest-rate benchmarks, which involved many more participants. In those cases the coordination occurred through e-mails and instant messages. In the case of gold and silver, an organized live call allows for real-time signaling of the desired prices, obviating the need for additional contacts.

One needn’t look far for a motive. The participating banks all stand to gain both from using the privileged knowledge they glean during the fixing process and from influencing the fixing itself. Aside from trading in the spot markets for gold and silver, they may have significant derivatives positions tied to the benchmarks. The system isn’t set up to identify, let alone deter, such activity. It is the participating banks themselves that administer the gold and silver benchmarks.

So are prices being manipulated? Let’s take a look at the evidence. In his book “The Gold Cartel,” commodity analyst Dimitri Speck combines minute-by-minute data from most of 1993 through 2012 to show how gold prices move on an average day (see attached charts). He finds that the spot price of gold tends to drop sharply around the London evening fixing (10 a.m. New York time). A similar, if less pronounced, drop in price occurs around the London morning fixing. The same daily declines can be seen in silver prices from 1998 through 2012.

For both commodities there were, on average, no comparable price changes at any other time of the day. These patterns are consistent with manipulation in both markets.

It’s extremely odd that the prices of gold and silver are still based on such an archaic and exclusive system. Whether or not authorities seek and find conclusive evidence of manipulation, they should learn the lesson of the London interbank offered rate and reform the gold and silver markets in a way that will deter such behavior. Both metals are highly liquid commodities, so their benchmark prices could easily be set by observing actual trades. To ensure reliability, the process should be overseen by an independent institution with the appropriate governance structure and minimal conflicts of interest.

The best way to restore confidence in financial benchmarks is to remove the means, motive and opportunity for abuse.

It is an important debate as increasingly governments and central banks are distorting financial markets through constant interventions which could lead to the financial system itself being impaired.

In the western world, we have seen interest rates cut close to zero, capital injections and bank bailouts, lending guarantees, saving and deposit guarantees, favouring certain banks and institutions over others, banning short selling and now the latest policy initiative is again bailing out banks but this time bailing in depositors via bail-ins.

At the same time competitive currency devaluations are taking place globally with central banks debasing currencies. We also see outright intervention in currency markets in order to lower the value of national and supranational currencies.

Japan is the glaring example of this and Switzerland’s ‘pegging’ of the Swiss franc was in the same vein. With governments surreptitiously and openly manipulating and debasing their currencies, it would seem logical that some governments might have an interest in not seeing gold and silver prices soar.

Surging gold prices are a vote of no confidence in fiat paper currencies and government and central banks stewardship of these currencies.

This is especially the case with the US dollar as the global reserve currency and all governments have an interest in maintaining faith in the dollar and in fiat currencies which is a possible motive for intervention in the gold and silver markets.

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  1. While MSM ala Nanny state Bloomberg is a little slow on the uptake, given his terminals are probably weapons of mass destruction in the very price rigging these two commentators note, it is somewhat reassuring that someone of note allows his people to make these statements.  Of course, I might read more into this as a potential agitprop since the articles are not as damning and definitive as those from the very serious minded in the precious metals community. 
    Good start though.
      Now let’s see some momentum and follow though, otherwise these articles will be little noticed and quickly forgotten, only to be used by Bloomberg some time in the future to excuse himself, trotting out the  words  as a big “I told you so but no one was listening; I really tried”
    To all the silver speakers and silver seekers
     We wish you all a Merry Christmas, Feliz Navidad, Happy Hanukkah, a fun News Years celebration (watchout for the amateurs) and good fortune to all in  2014. Cheers

    • Just what I was thinking, who will pick up on this and moreover, who shives a git! The mainstream would never follow/report such a story. Since so few people are concerned about the metals now, there would be no interest by the general public. When China is ready, they will make certain the price goes where it should be, and western entities will help them. This is why I believe the jobs and manufacturing went east, the elites are through with the US and China is their new money pit. When the announcement comes in a matter of several weeks to several months, that they are letting go of, and replacing the petro dollar with a gold backed reserve, that’s when the fun will ensue. Hold onto your hat as we could very well see a bitcoin like rise in the metals once the masses open their eyes and are forced to smell the coffee…….
       
      Happy holidays AGXIIK and all.

    • OOOOOOO – K
       
      we all know the metals are manipulated ( no $hit)
       
      what we need is some action on someones part to end this scam
       
      I am sooooo tired of the articles that talk of the manipulation but have no idea or plan to end it.
       
      Less talk – MORE action
       
      MERRY CHRISTMAS …….everyone

    • @Da yooper
      “I am tired of the articles of the manipulation”   So am I.
      “have no idea or plan to end it”      Physical demand would solve any issues with price manipulation/suppression. Maybe physical demand is the most logical explanation for weakness in the PM sector.   http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=222653&sn=Detail 
      “Exports (into India) of gold jewellery fell by 31.4% and that of gold medallions and coins fell by 54.4% in November”
      “Less-talk- MORE action”   I agree,  but when the #1 consumer (India) of physical gold is dropping its consumption by these massive levels, there’s going to be price weakness, it has NOTHING to do with “manipulation”.
      Merry Christmas to all!

    • “it has NOTHING to do with “manipulation”.

      100% wrong. 

      From GATA,
      “There are many more records about the official policy of gold price suppression, including minutes of government agency meetings, interviews with government officials, and declassified intelligence agency memoranda. They are posted in the “Documentation” section of GATA’s Internet site:
      http://www.gata.org/taxonomy/term/21
      These documents are not mere speculation and “conspiracy theory.” They are the records of decades-long government policy conducted almost entirely in secret.
      Then there is the evidence of the market itself.
      GATA also has exposed gold market manipulation by examining trading data, most notably in a study by our late board member and market analyst Adrian Douglas showing that the gold price during trading in the London market went down steadily for 10 years even as the world gold price went up steadily in that time. Anyone buying gold on the opening of the London market and selling it on the close every day over the last decade would have lost a huge amount of money even as the gold price rose steadily.”
      http://www.gata.org/node/8918

    • Indeed there’s manipulation going on.
      Paul Craig Roberts stated : “Until a whistleblower speaks, we cannot know for certain, but my conclusion is that the Fed understands that it must protect the dollar from being driven down by QE and that the ORCHESTRADED TAKEDOWNS OF GOLD are part of protecting the dollar’s value…” The quote is from: http://www.paulcraigroberts.org/2013/12/20/manipulations-rule-markets-paul-craig-roberts/
      Note the title of the article: ‘MANIPULATIONS RULE THE MARKETS’

      Roberts, a former Assistant Secretary of the Treasury for Economic Policy; former associate editor of the Wall Street Journal; former columnist for Business Week, Scripps Howard News Service, and Creators Syndicate; and also having had many university appointments, clearly makes intelligent analysis.

    • $$$$$$$$$ … “ORCHESTRADED TAKEDOWNS OF GOLD are part of protecting the dollar’s value…”
       
      My gripe with Roberts is that he thinks “protecting the dollar’s value” is a worthwhile objective. The Plantation Scrip banknote is a systemically self-destructive delusion, AT BEST, and a despicable instrument of financial enslavement … IN ANY CASE.

  2. MANIPULATION GOING MAINSTREAM AS BLOOMBERG ASKS: ‘HOW TO KEEP BANKS FROM RIGGING GOLD PRICES?’”
     
    As if he did not know!  Michael Bloomberg is a VERY well connected elite and is front-running this story in order to get control of the media process.  This is not the crack in the dam that many hope it to be.  It is information manipulation, pure and simple.  The elites throw out tidbits like this from time to time in order to entice us and then allow no follow-up stories.  Most people assume that since there is no follow-up, the story must not have been true… which is precisely what we are supposed to believe.
     
    “Authorities around the world are gradually piecing together a shocking picture of how banks have manipulated benchmarks that influence the price of everything from mortgage loans to foreign currencies.”
     
    Oh, really?  Does anyone seriously believe that the “authorities” have not been in this gold and silver price suppression scheme from the very beginning?  The VERY obvious quid pro quo is that the bullion banks suppress the gold and silver prices (to support the fiat currencies) while the Gov looks the other way and does not prosecute them for illegal market manipulation.  That was the Hunt Brothers failing: they were not part of the approved manipulation and those who were did not take kindly to the competition.  The bullion banksters acted in collusion with the US Gov to strip the Hunts of their lawfully purchased property.  In a bizarre twist, the Gov charged the Hunts with the financial crime of “cornering the silver market”, something that the US Gov was FULLY aware that the Hunts were not doing because the US Gov and their bullion bankster butt-buddies WERE doing… and continue to do to this day.
     
    As to the manipulation itself, I am sure that we would all listen VERY attentively to ANY rational explanation for the very rapid dumping of thousands of futures contracts during the least active trading periods of the business day, if not for suppressing the gold and silver prices.  As others have pointed out, there is no rational reason for doing this OTHER than to suppress metals prices.  It works very well to achieve that goal and no other.  Anyone else who was selling in order to profit or to raise capital for other purposes would trickle those sales out over time during the MOST heavily traded part of the day when competition from the most buyers would result in them getting the best possible price.
     
    As AG said above, better late to the party then never.  But this really seems to me like too little, too late.  It also smacks of front-running such a news story and then providing no follow-up whatever.  The rest of the MSM has, no doubt, been briefed and they will not follow up on this either.  We can be assured that no one will be asking Jamie or Blythe about this in any televised or printed interviews.
     
    Merry Christmas, All… and to All a very safe, happy, and prosperous new year.  :-)

    • Ed_B“It is information manipulation, pure and simple.”
       
      That’s exactly correct, Ed. Some here might recall my college days had been spent (not exclusively) studying Psychology-Sociology and that I’d also dabbled with involvement in Toastmasters public address studies (what had once been ‘Rhetoric’). So, all those signs and methods are plainly there to see by anyone even intuitively aligned to watch for them.
       
      “The bullion banksters acted in collusion with the US Gov to strip the Hunts of their lawfully purchased property.”
       
      As just a whelp of 21, even I understood that, at Common Law, BOTH parties in that struggle were wrong to use ‘Combinations’ to affect the Free Market value of silver. Nonetheless, in light of the fact that government and its sycophants had already undoubtedly established themselves as the hostile belligerent in that arena (Ruse-a-veldt’s gold heist … Jackass Johnson’s silver theft and Nixon’s debt repudiation), my firm sentiments fell on the side of the Hunt Group.

      It wasn’t long after, that the Chrysler ‘bailout’ made it obvious to me what was simmering below the surface … the beginning of the end for the banknote scheme. In fact, that incident (because it was SO diametrically opposite to Reagan’s ‘Free Market’ and ‘Capitalist’ … image … is what spurred me into a very serious examination of economics that’s been eating away at me ever since.

      “We may one day become a great commercial and flourishing nation. But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy.” –George Washington

    • IdahoEagle999
       
      Oh boy! This fellow’s videos have been copied to disk ever since I first discovered them! He’s easily as pivotal a study as Savoie! I can only pray my daughter and her beau (WHOEVER that turns out to be) will treasure this library I’ve assembled over the years as the intellectual heritage I intend it to be.

      Great post! deCarbonelle is FAR too often overlooked in all this whirlwind of an info-storm.

    • Easily one of the most important series of videos to understand the hidden finances of the world economies.  You don’t get it unless you start to understand the ESF and it’s powers.  Rob Kirby talks about it all the time.  Everyone focuses on the central banks especially the FED.  They overlook or don’t understand the ESF.  DeCarbonell hits it out of the park with these videos.  Another very important part of these videos is about the June 2003 FOMC meeting and what they talked about.  These terms like QE, Operation Twist, Fed funds rate were talked about over a decade ago.  These interventions were not by chance.  They understood if the FED decided to do this they would have serious problems with their balance sheet.  Those minutes can be found on the FED’s website and I have personally read it 3 times.  It blows me away to read those transcripts.  It also blows me away that all of these so-called experts of finance have never read the June 2003 FOMC transcript.  They told us directly what they were going to do and the problems it will cause.  Vincent Reinhart was a very important figure in this meeting.  He directed the meeting and explained these operations to Bernanke and Greenspan.  They had to smash interest rates because they needed to inflate another bubble.  They went after the Fed’s fund rate and interest rate swaps to artificially and synthetically lower interest rates.  All the other rates followed and this allowed the housing market to take off.  They were scared to death about a deflationary cycle that was about to hit.  They knew what they were doing and what it would do to the financial world.  It was a premeditated attack to distort the markets by lowing interest rates.  The ESF fund is a covert fund that was installed in 1934.  There are many conspiracies about the fund and who controls it.  I understand that the Treasury Secretary and the President are the people who control the fund but that is just a cover.  If you really want to get crazy to understand ESF, read E.P. Heidner’s work about 911 and who controls the ESF.  It gets really uncomfortable for people when they read his work.  It goes into some serious allegations.  The fund was used to smash the Russian Ruble by Soros to ruin the Russian economy.  There were 240 billion dollars of bonds due on Sept. 12, 2001 funded by the ESF.  The ESF is a covert operation that is linked to Yamashita’s gold, Black Eagle Trust and the Durham Trust Fund.  The ESF is the most powerful off-balance sheet fund in the world and has controlled FX markets, gold markets and funded many covert geo-political events around the world.  Simply put, if you don’t understand the importance of the ESF, you don’t understand much.  We have been duped to believe the central banks are doing all of the dirty work.  It’s the off-balance sheet and shadow banking industry that controls most of today’s financial world. 

    • June 24-25 FOMC 2003
      Page 8 of 211
       
      As related in the box, over-supplying reserves—some might call it quantitative easing—could affect the economy by lowering the returns on the assets purchased to supply those extra reserves, by convincing market participants that the overnight interest rate will be kept low in the future, and by working though a quantitative channel, if it exists
       
       

    • June 24-25 FOMC 2003
      Page 57 of 211
       
      Greenspan:
      “I don’t think we know enough about how the private financial system works under these conditions. It’s really quite important to make a judgment as to whether, in fact, yield spreads off riskless instruments—which is what we have essentially been talking about—are in dependent of the level of the riskless rates themselves.”
       
      Basically these guys have no idea what QE will do.  They have no idea if Operation Twist of selling short term treasuries for long term paper would work.  They did understand that they needed to inflate to stop a potential deflationary environment.  They needed to smash interest rates by lowering the Fed fund rate.  They talked about Japan’s situation and how they handled monetizing their bonds and the mistakes they made.  It’s really f__cking scarey to think they are just winging it with no real idea what it would cause.
       

    • duckvision
      … (1) “They had to smash interest rates because they needed to inflate another bubble.” …
      … (2) “They went after the Fed’s fund rate and interest rate swaps to artificially and synthetically lower interest rates.” …
      … (3) “All the other rates followed and this allowed the housing market to take off.” …
      … (4) “They were scared to death about a deflationary cycle that was about to hit.” …
      … (5) “They knew what they were doing and what it would do to the financial world.” …
      … (6) “It was a premeditated attack to distort the markets by lowing interest rates.”

      Your observations above, if rather viewed through the lens of the banknote scheme’s fundamental construction, lead to a different scenario than what’s commonly reached by intuition surrounding human-centric motivations. Keeping tightly focused on the fact that …
      (a) The entirety of paper and digital banknotes are loaned in principal amount into existence for an indefinite term … and
      (b) That as long as they ‘float’ in circulation, they’re incurring interest which is purely a math function … and
      (c) That interest servicing banknotes can only be materialized by result of FURTHER borrowing THEM into existence ALSO …and
      (d) A juncture inevitably arises where Debt Saturation occurs, seizing up the interest service banknote creation.

      Then your six points interpret instead as …
      (1) The banks ‘smash interest rates’ in a desperate need to SOMEHOW engender new borrowing, to ANY degree.
      (2) The banks ‘artificially and synthetically’ manipulate interest as a matter of normal course, to ameliorate currency auto-inflation.
      (3) The banks ‘allowed the housing market to take off’ more for generation of new borrowing than any other reason.
      (4) The banks are ALWAYS “scared to death” that deflation from chronically diminished borrowing will emerge to start defaults.
      (5) The banks know that they’re powerless once new borrowing ceases, because past cumulative interest ceases to be created.
      (6) There wasn’t any ‘premeditated attack to distort the markets’, but an existential imperative to generate interest servicing funds.

      However logical it might seem to conclude that … “It’s the off-balance sheet and shadow banking industry that controls most of today’s financial world.” The plain fact is that it’s the very banknote scheme’s construction which compels ‘off-balance sheet’, ‘shadow banking’, ‘derivatives’ and all the rest, because currency systemically inflates … infinitely … through co-generation by interest.

      ‘Central Banks’ were CONCEIVED to accomplish this function of artificially raising and lowering interest to control automatic currency inflation volumes. In the 1950s and 60s, they used to proudly crow about this manipulation as an achievement of modernity, with analogy to ‘applying brakes’ or ‘pressing the gas pedal’ on the financial ‘automobile’.

    • Idahoeagle999- Read about the Marco’s gold and how it was used in the ESF.
       
      Heidner wrote-
      What happened to the Marcos gold after it was confiscated by U.S. agents in 1986 has never been report
      ed, but throughout the early 1990s, the world gold market would be befuddled by the mysterious appearance of thousands of tonnes of gold which appeared to suppress the price of gold.

  3.  

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    Isaiah 47 (New International Version)
     
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    Isaiah 47
    New International Version (NIV)

    The Fall of the Luciferians

    47 “Go down, sit in the dust,
        Virgin Daughter Babylon;
    sit on the ground without a throne,
        queen city of the Babylonians.[a]
    No more will you be called
        tender or delicate.
    2 Take millstones and grind flour;
        take off your veil.
    Lift up your skirts, bare your legs,
        and wade through the streams.
    3 Your nakedness will be exposed
        and your shame uncovered.
    I will take vengeance;
        I will spare no one.”

    4 Our Redeemer—the Lord Almighty is his name—
        is the Holy One of Israel.

    5 “Sit in silence, go into darkness,
        queen city of the Babylonians;
    no more will you be called
        queen of kingdoms.
    6 I was angry with my people
        and desecrated my inheritance;
    I gave them into your hand,
        and you showed them no mercy.
    Even on the aged
        you laid a very heavy yoke.
    7 You said, ‘I am forever—
        the eternal queen!’
    But you did not consider these things
        or reflect on what might happen.

    8 “Now then, listen, you lover of pleasure,
        lounging in your security
    and saying to yourself,
        ‘I am, and there is none besides me.
    I will never be a widow
        or suffer the loss of children.’
    9 Both of these will overtake you
        in a moment, on a single day:
        loss of children and widowhood.
    They will come upon you in full measure,
        in spite of your many sorceries
        and all your potent spells.
    10 You have trusted in your wickedness
        and have said, ‘No one sees me.’
    Your wisdom and knowledge mislead you
        when you say to yourself,
        ‘I am, and there is none besides me.’
    11 Disaster will come upon you,
        and you will not know how to conjure it away.
    A calamity will fall upon you
        that you cannot ward off with a ransom;
    a catastrophe you cannot foresee
        will suddenly come upon you.

    12 “Keep on, then, with your magic spells
        and with your many sorceries,
        which you have labored at since childhood.
    Perhaps you will succeed,
        perhaps you will cause terror.
    13 All the counsel you have received has only worn you out!
        Let your astrologers come forward,
    those stargazers who make predictions month by month,
        let them save you from what is coming upon you.
    14 Surely they are like stubble;
        the fire will burn them up.
    They cannot even save themselves
        from the power of the flame.
    These are not coals for warmth;
        this is not a fire to sit by.
    15 That is all they are to you—
        these you have dealt with
        and labored with since childhood.
    All of them go on in their error;
        there is not one that can save you.

  4.  

     

     

     

     

     
    Is America modern Babylon?
     
     
    WHAT THE PROPHETS SAID ABOUT BABYLON:
     
     
    1. Babylon would be an END TIME GREAT NATION (Rev 17,18; Isa 13:6)
     
    2. and would have a huge seaport city within its borders (Rev 18:17).
     
    3. The Great City Babylon is the home of a world government attempt (Rev 17:18).
     
    4. and would be the economic nerve center of the world (Rev 18:3).
     
    5. as well as the center of a one world Luciferian religious movement (Jer 51:44).
     
    6. and would be the center for the move to a Global Economic Order (Rev 13:16).

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    BABYLON THE NATION
     
     
    1. Babylon would be the youngest and greatest of the end time nations (Jer 50:12),
     
    2. and would the QUEEN AMONG THE NATIONS (Isa 47:5,7; Rev 18:7).
     
    3. Babylon would be the most powerful nation in the world (Isa 47, Jer 50, 51, Rev 18),
     
    4. and would be the HAMMER OF THE WHOLE EARTH (Jer 50:23; Rev 18:23).
     
    5. Babylon is called a lady, and has the symbol of the Lady (Isa 47:7-9),
     
    6. and would be the praise of the WHOLE EARTH (Jer 51:41).
     
    7. Babylon is center of world trade (Jer 51:44; Rev 17:18; 18:19),
     
    8. and would grow to be the richest nation in the world (Rev 18:3, 7, 19, 23).
     
    9. All nations that traded with Babylon would grow rich (Rev 18:3), and-
     
    10. the merchants of Babylon were the GREAT MEN OF THE EARTH (Rev 18:23).
     
    11. Babylon is a huge nation, with lands, cities, and great wealth (implied throughout),
     
    12. and is nation “peeled”, or timbered, a land of open fields (Isa 18:2),
     
    13. quartered by mighty rivers (Isa 18:2),
     
    14. a land that is measured out, and populated throughout (Isa 18:2).
     
    15. Babylon destroys her own land, with pollution and waste (Isa 14:20, 18:2, 7).
     
    16. Babylon is a land rich in mineral wealth (Jer 51:13) and,
     
    17. is the leading agricultural nation of the world (Jer 50, 51; Rev 18) as well as-
     
    18. the leading exporting nation in the world (Jer 51:13; Rev 18),
     
    19. and the leading importing nation of the entire world (Jer 50, 51; Rev 18).
     
    20. Babylon is a nation filled with warehouses and granaries (Jer 50:26), and-
     
    21. is the leading INDUSTRIAL NATION OF THE WORLD Isa 13, 47, Jer 50, 51; Rev 18).
     
    22. Babylon is noted for her horses (Jer 50:37),
     
    23. for her cattle, sheep and other livestock (Jer 50:26, 27; Rev18:13),
     
    24. and is noted for her fine flour and mill operations (Rev 18:13).
     
    25. Babylon is a nation of farmers and harvests huge crops (Jer 50:16, 26, 27).
     
    26. Babylon is a huge exporter of MUSIC (Rev 18:22),
     
    27. and her musicians are known around the world (Rev 18:22).
     
    28. Babylon has a huge aviation program (Isa 14:13-14; Jer 51:53; Hab 1:6-10), and -
     
    29. her skies are filled with the whisper of aircraft wings (Isa 18:1; Jer 51:53).
     
    30. Babylon has a huge space industry, has “mounted up to the heavens” Jer 51:53
     
    31. Babylon fortifies her skies with a huge military aviation program (Jer 51:53),
     
    32. and is portrayed as a leading in high technology weapons and capabilities (Jer 51:53; Hab 1:6-10; implied throughout).
     
    33. Babylon is a nation filled with warm water seaports (Rev 18:17-19),
     
    34. and is a coastal nation that sits upon MANY WATERS (Jer 51:13),
     
    35. and trades with all who have ships in the sea year round (Rev 18:17-18).
     
    36. Babylon is nation filled with a “mingled” people (Jer 50:37), and is a -
     
    37. SINGULAR NATION founded upon OUT OF MANY, ONE (Isa 13, 47, Jer 50, 51, Hab 1).
     
    38. Babylon is a Republic or Democracy, it is ruled by many counsels (Isa 47:13).
     
    39. Babylon’s governmental system breaks down (Isa 47:13) and becomes -
     
    40. bogged down with deliberations and cannot govern properly (Isa 47:13).
     
    41. Her leaders use astrology, seers and mystics for guidance (Isa 47:13; Rev 18:2),
     
    42. and have labored in the occult from her very inception (Isa 47:12).
     
    43. Babylon falls to the occult just before her end by nuclear FIRE (Rev 18:2)
     
    44. Babylon was born as a CHRISTIAN NATION (implied in Jer 50:12).
     
    45. Babylon turns upon its heritage and destroys it all in the end (Jer 50:11).
     
    46. Babylon’s Christian leaders lead their flock astray in prophecy and salvation (Jer 50:6; implied Rev 18:2).
     
    47. Babylon’s Christian leaders are “strangers” in the Lord Houses of Worship (Jer 51:51).
     
    48. The people of Babylon are deep into astrology and spiritism (Isa 47:12; Rev 18:2).
     
    49. Babylon becomes the home of all antichrist religions in the world (Rev 18:2).
     
    50. Babylon is a nation of religious confusion (Isa 47:12-13).
     
    51. Babylon turns upon its own people and imprisons and slays them by millions (Jer 50:7,33; 51:35; 39; Dan 7:25; Rev 13:7; 17:6; 18:24).
     
    52. Babylon sets of detention centers for Jews and Christians and rounds them up for extermination (Jer 50:7, 33; 51:35, 49; Rev 17:6; 18:24).
     
    53. Babylon has a mother nation that remains in existence from her birth to death (Jer 50: 12).
     
    54. The mother of Babylon has the symbol of the LION (Dan7:4; Eze 38:13; Jer 51:38; Psalms 17:12) and-
     
    55. will rule over her daughter her entire life (Dan 7:4; Jer 50:12).
     
    56. The mother of Babylon be in a state of Major Decline as the end nears (Jer 50:12)
     
    57. Babylon is considered to be a LION’s whelp (Eze 38:13; Jer 51:38), and -
     
    58. will have the symbol of the EAGLE and she builds her nest in the stars (Dan 7:4 EAGLE WINGS; Isa 14:13-14; Jer 51:53).
     
    59. Babylon turns totally antichrist and is the leading antichrist power at the end (Rev 18:2; Isa 14:4-6).
     
    60. THE KING OF BABYLON is called LUCIFER, the ANTICHRIST (Isa 14:4-6), and-
     
    61. will rule from THE GREAT CITY BABYLON (Isa 14:4-6; Rev 17: 18).
     
    62. A world government entity will rise up to rule the world from BABYLON THE CITY (Isa 14; Hab 2, Rev 13, 17, 18). {The United Nations?}
     
    63. This world entity will be a diverse entity, different than all other ruling bodies of the world (Dan 7:7, 23) {United Nations?} and,
     
    64. This entity will be a TREATY POWER ENTITY (Dan 7:7, 23 ‘diverse’) {United Nations?}.
     
    65. This entity will rise up and use the military power of Babylon the nation to RULE THE WORLD (Isa 14:4-6; Hab 1 & 2, Rev 13, 17) {The United Nations?}.
     
    66. Babylon is a huge producer and exporter of automobiles (Jer 50:37; Rev 18:13),
     
    67. and is a nation of CRAFTSMEN, experts in their trade (Jer 50, 51, Rev 18:22).
     
    68. Babylon is noted for her jewelry of gold and silver (Rev 18:22),
     
    69. and is a huge importer and exporter of spices (Rev 18:13), also-
     
    70. Babylon is a huge exporter of fine marble products (Rev 18:22),
     
    71. and is noted for her iron and steel production (Rev 18:12).
     
    72. Babylon has huge corporations that have bases around the world (Rev 18:23, implied throughout) and,
     
    73. is a nation of higher education and learning (Isa 47:10, implied throughout).
     
    74. Babylon is a nation with a GREAT VOICE in world affairs (Jer 51:55) and -
     
    75. is a VIRGIN NATION, untouched by major war (implied in Isa 47:1).
     
    76. Babylon has a vast military machine (Jer 50:36; 51:30; Hab 1 & 2, Rev 13:4).
     
    77. Babylon will be instrumental in the setting up of Israel in the Middle East, and is the home of God’s people (Jer 50:47; 51:45).
     
    78. She will have a major enemy to her north (Jer 50:3, 9, 41).
     
    79. Her enemy will lie on the opposite side of the world, over the poles (Isa 13:5)
     
    80. The enemy of Babylon will be a FEDERATION OF NATIONS (Jer 50:9).
     
    81. and will largely be Moslem in make-up (Jer 50:17; Rev 17:16; Psalms 83:5-12).
     
    82. The enemy of Babylon will have nuclear missiles capable of reaching Babylon (Jer 50:9, 14,; Rev 18:8, 18),
     
    83. and will be noted for her cruelty (Isa 13, 14, Jer 50, 51, Rev 17, 18).
     
    84. The enemy of Babylon will also have a huge aviation military machine (Jer 50:9, 14, Rev 18:8, 18 implied throughout),
     
    85. and will come into Babylon unnoticed (Isa 47:11, Jer 50:24; 51:2, 14).
     
    86. Babylon will be filled with her enemies brought in under the guise of peace (Dan 11:21) {‘Partnership For Peace’?}.
     
    87. She is land vast land with huge cities, towns and villages throughout (Implied throughout).
     
    88. Babylon will have all of her borders cut off, and there will be no way of escape (Jer 50:28; 51:32).
     
    89. She will be destroyed by nuclear fire (Implied throughout),
     
    90. Babylon would be a home to multitudes of Jews who leave (Jer 50:4-6, 8; 51:6, 45)
     
    91. The people of Babylon would not know their true identity (Jer 50:6, implied throughout).
     
    92. The people of Babylon would think they are God’s elect and eternal (Isa 47:7-8, Rev 18:7).
     
    93. The people of Babylon would enjoy the highest standard of living in the world (Rev 18:7).
     
    94. The people of Babylon would grow mad upon their idols (Jer 50:2, 38; Hab 2:18).
     
    95. The people of Babylon would go into deep sins of all kinds (Rev 18:5).
     
    96. The nation Babylon dwells carelessly before the Lord (Isa 47:8).
     
    97. Babylon becomes proud, haughty, and does not consider her end (Isa 47:7-8).
     
    98. Babylon deals in the occult, in sorceries and drugs (Isa 47:9, 12; Rev 18:23)

  5. as prophecy unfolds on a daily basic,most in America are watching TV,the luciferians are in total control ,but God is immersed in Anger,and ready to to do a close encounter with these fools ,the Ruling Elite and their kind.

    Daniel’s Visions Interpreted
    15 “I, Daniel, was grieved in my spirit within my body, and the visions of my head troubled me. 16 I came near to one of those who stood by, and asked him the truth of all this. So he told me and made known to me the interpretation of these things: 17 ‘Those great beasts, which are four, are four kings[c] which arise out of the earth. 18 But the saints of the Most High shall receive the kingdom, and possess the kingdom forever, even forever and ever.’
    19 “Then I wished to know the truth about the fourth beast, which was different from all the others, exceedingly dreadful, with its teeth of iron and its nails of bronze, which devoured, broke in pieces, and trampled the residue with its feet; 20 and the ten horns that were on its head, and the other horn which came up, before which three fell, namely, that horn which had eyes and a mouth which spoke pompous words, whose appearance was greater than his fellows.
    21 “I was watching; and the same( horn ‘the lil horn Israel)was making war against the saints(people Palestine and that area Real ‘Jews’ , and prevailing against them, 22 until the Ancient of Days came, and a judgment was made in favor of the saints of the Most High, and the time came for the saints to possess the kingdom.
    23 “Thus he said:

    ‘The fourth beast shall be
    A fourth kingdom on earth,
    Which shall be different from all other kingdoms,
    And shall devour the whole earth,
    Trample it and break it in pieces.
    24 The ten horns are ten kings
    Who shall arise from this kingdom.
    And another shall rise after them;
    He shall be different from the first ones,
    And shall subdue three kings.
    25 He shall speak pompous words against the Most High,
    Shall persecute[d] the saints of the Most High,
    And shall intend to change times and law.
    Then the saints shall be given into his hand
    For a time and times and half a time.

    26 ‘But the court shall be seated,
    And they shall take away his dominion,
    To consume and destroy it forever.
    27 Then the kingdom and dominion,
    And the greatness of the kingdoms under the whole heaven,
    Shall be given to the people, the saints of the Most High.
    His kingdom is an everlasting kingdom,
    And all dominions shall serve and obey Him.’

  6. Bloomberg has been reporting some nice
    anti-bankster news, lately.
    Forewarning near future events?
    Sure looks like JPM has been keeping silver in
    a sub 19.50 headlock, the last few trading hours.
    Any day now. any day.  Been saying that every day,
    day after day.  AAAAhhhhhh   !!!!
     

  7. zman
    have you caught up on two items regarding Indian gold imports?
    The Indian government has relaxed import.
    On a recent flight from Dubai to  Calcutta 70 passengers were all found to be importing 1 kg bars of gold.  I guess those imports aren’t slow down much.  But demand for gold is unabated.  BIS and the Fed are using leased gold certificates to satisfy demands for physical at COMEX and LBMA.  The vaults may not be entire empty but they are low.

    • “The Indian government has relaxed import”      Yes, I’m aware of this fact.
      “BIS and the Fed are using leased gold certificates to satisfy demands for physical at the COMEX and LBMA”   I think when you say “leased gold certifcates” you mean actual physical gold?   Link?  Or is this speculation? 
      “The vaults may not be entire empty but they are low” Again, this is most likely speculation, who knows what’s in the vaults?   Very few is my bet.
       
       

  8. Idaho Eagle  Those videos are good posts
     A few dots occurred to me
    If the ESF has emasculated the Fed how do the Rothchilds figure into this if the 12 Fed banks are just puppets?
    WHat about the Chinese gold brought into the US about the same time as the citizens gold’s was stolen to fund the ESF’s formation in 1934?.
    It appears that the Secretary of the Treasury is a extranational power unto himself.
    Who is he beholden to? Who is his master if he has one? 
    Queen of England?  The corporate heads of Washington DC?  The Vatican and its IRS paymasters?   Who’s the freakin’ overlord. Inquiring minds want to know!
    The Fed certainly has not done a good job stabilizing anything since it’s formation. Whatever it was originally charged to do, the US national bankruptcy of 1933 seems to have forced the creation of the ESF, putting the Fed on to their back foot for decades since that epoch.
    One thought–if the German Nazis realized they were dealt a losing hand on the European continent, they must have seen an opportunity to infest the US government, aided and abetted by Preston Bush and his local Nazi crew.  Did the ESF have anything to do with the funding of the Nazi rise to power or was it some other entity? Playing both sides against each other.  Betting on the entire field of horses with unlimited funds reminds me of the Parimutuel system at the track.  No matter which horse wins, the House always gets its 20%
    Since the Fed failed to perform its function, or maybe it was, in the way to performing its REAL function,  by acting as the patsy for all the problems, business cycles, inflation, recessions and depressions, the goat in these cycles, then the ESF is the real power behind the throne.
    There is the human factor that has always raised its presence during these cycles and appears to catch everyone on their back foot, or so it seems.  It’s certainly a factor in the US, trying to get control of the human brain function through its super computers, cyber-neural interfaces via Google, Microsoft and FaCIAbook and psychoactive drug programs that started back in the 1950′s. Dumb De Dumb Dumb.
    I wonder if Warren Buffet knew about this before the ESF bailed out his AIG conglomerate. forcing him to cough up his 129 million ounces of silver. He only made about $2 an ounce before it was taken from him.  He was right that silver had a fundamental scarcity. He capitalized on it with his buy price in around 2001 at $4 a ounce.  That would have given him a 1000% profit in barely 10 years.  Ooops.  Warren you were playing with fire  No wonder he is being so compliant with this administration.
    Shut up Warren, you can be gotten to. I wonder what sort of magic pixie dust was dropped in his Cherry Coke. He seems to be off his game lately, allowed to play at the table, making his billions in the juiced stock market casino. 
    That’s sad to a certain extent since Warren made a lot of people wealthy by smart investing.  Now he’s just another skin bag bought and paid for by the overlords.
    Another couple of thoughts.
    If the ESF is so much more powerful than the Fed, then those loans the Fed made Europe totalling about $19 trillion in 2008-2009, used to bail out the subprime mortgage mess sitting on the books of the banks in Europe(I bet Baron Rothchild had a big case of the red ass over being hornswoggled by the AAA ratings), those loans had to be  approved by the ESF.  That’s a lot of wampum shipped overseas.  My first post here on Silver Doctors was about speculations of phone call to Bernanke to cough up these trillions to bail out his masters. I still can’t find the post made around July 2011 but it seems to have been confirmed.
    In the last 2 years the European Stability Mechanism (ESM), Europe’s version of the ESF, was formed.  All the Euro banks and some of our TBTF banks were told to ‘contribute’ to the formation of this Brussels-based group of technocrats. They have total control over the banking system and consequently all governments of Europe. The ESM was formed as a consequence of the Euro currency problems that hit via the 2008 recession, excess Euro debt and the Subprime mortgage debacle. If the Euro was designed to fail, these were the seminal events to assure its demise. That process is ongoing.
      The Cyprus bail-in was part of that, forced on Cyprus by the IMF(ESF)  ECB(ESF) and the Fed(ESF.)The Cypriot government was told to pass the measure to cover the ESM/ECB tracks but the people of Cyprus know the truth. They never knew what hit them.
    The ESM personnel in Luxemberg has absolutely no accountability to anyone, unelected and totally protected from legal actions.  They are completely extranational in the scope of their control and command.  I think the $1.3 trillion the Fed(ESF) shipped to Europe earlier this year was FIAT used to replace the hundreds of billions of digi-dollars used to fund the ESM.
    This is the real ring fencing of all the Euro banks.  Now under control by the ESM(ESF)mandates, the toothless Fed and the uber-controlling ESF (ECB/ESM) run the show. There’s total secrecy and no accountability. Active bankers are the devil’s workshop.
      Europe’s GDP is about 20% larger than the US, such as the US’s GDP might really be, so that is something worth controlling.  China is a huge factor in imports and exports to the Eurozone.  China has signed currency trade agreements with the most of the important players in the Eurozone as well as the UK.  This is worth controlling or at least assuring some stibility. China does not need to get a bunch of gas from Europe as Chinese leaders go about their business of creating another reserce currency. I hear the sound of knots being jerked in many tails but who is doing the jerking? ESF? China? Someone else?
    I don’t know where this will all lead but with the  hundreds of billions of dollars that went missing from the DOD budget, used to fund the black ops of the US intel community, NSA, TSA et al,  no doubt connected one way or the other to the ESF,  something tells me we are not exactly in control of things today.
    I feel like I’m taking a long wizz in a deep dry desert.  Not much to show for all that piss and noise.

    We know that Geithner was a doofus. 
    Bernanke was and is a intellectually lightweight fraud. 
    Obama is the equivalent of the likeable village idiot who has all the focus of a  Labrador Retriever allowed to chase a bucket full of hyperactive squirrels
    ‘Squirrel’ and he’s off to Hawaii, leaving his minions to whitewash his BS in DC.
    It seems that each Fed chairman has been increasing clueless as the game’s complexities increase. Friedman was a brainy mug, maybe an outlier, since he knew what he and the next Fed Chairmen would set in motion. Since then we’ve had a series of fools winging it, not knowing what sort of fire they were playing with. Winging it’s fine when you’re playing some kiddie school game of golf or poker but it is really not cool when you are dealing with the lives of 7,000,000,000 people. Not cool at all.
    Who is the real power behind the throne?  What life form is the top brainiac running the show? It’s still too complex for one person to manage but it seems that there must be some single force involved here acting as the eminence gris.
    It sure isn’t anyone in a visible position of power. 
    Presidents, Prime Ministers and Premiers are nothing more than low paid mid level apparachics and manager drones in  $5,000 suits with access to the goodies in the back rooms, used to keep them quiet and well medicated. Some of those newer drugs are pretty good, or so I’ve been told.
    Jack Lew is now the Secretary of the Treasury.  His 3rd grade signature  and mail clerk credentials tells me he is not in charge of anything more than the front door agitprop division of the Treasury.   Has anyone seen this drip speak publically? It’s painful to watch. Forrest Gump is a thespian compared to this goggle-eyed goof
    China figures heavily into this but they are not exactly an ally; not exactly an enemy, so how do they manage to their keep hands on the levers of international finance?  White Dragons come to mind but that’s way above my pay grade. The Chinese shadow banking system, currency and interest ratte issues spell some fast looming problems that could blow out of control. The Shibor and repo rates hit 9% last week.
    Hey, there’s always next week. More fun and more fireworks.

    Cheers to all and Merry Christmas

    My wife got me a set of Duck Dynasty seat covers and a really nice concealment vest for my new blaster.
     
    Gotta get my inner hillbilly on.
    Rumor has it Deliverance is making a sequel.
    I guess I’ll try out at the cattle call
     

  9. The western banks can set whatever paper price for gold they want. The corrupt regulators won’t fix it, but the Chinese might. 
    http://www.ingoldwetrust.ch/sge-physical-delivery-2073-tons-ytd
    If China is sucking up ~80% of global gold production so far in 2013, they’re not leaving much for the gold hungry Middle East, rest of Asia, Russia etc.  Guess the rest of the world will have to be happy with just the gold outflows from the Western vaults, though of course this new production and Western losses are all pretty fungible.
    Oh, and Germany doesn’t seem to be able to get much of their gold back so far.
    http://www.zerohedge.com/news/2013-12-24/year-later-bundesbank-has-repatriated-only-37-tons-gold-700-total
    Zman, are you sure lack of physical demand in gold explains the price weakness?
    I think you were better off trying to convince readers here that there’s almost no inflation in the US, after all, our own BLS says so.
    Best wishes to all.
     

  10. Time does not permit us to recount the histories of the Ashkenazim Rothschilds, whose name means “Red Shield” signifying Edom, or the Edomite Jew Paul Warburg of Kuhn-Loeb and Co., chief architect of the Federal Reserve Act by which the Rothschilds obtained the gold bullion of the US, and a few Jewish, mainly European families who have the ability to create their own “money” merely by loaning computer entries into “circulation.” Or the Sephardic Rockefellers.

    • @SilverDagger
      Jesus is a Jew. Judas was a Jew. Peter was a Jew. Herod was a Jew. John was a Jew. Ahab was a Jew. Paul was a Jew. the Pharisees were Jews. Matthew was a Jew. The Scribes were Jews. The multitudes who loved and listened to Jesus were Jews. The crowd that called for Jesus’ crucifixion were Jews.
      Point: There are nice Jews and bad Jews. There are nice Arabs and mean Arabs. There are nice French people and smelly French people.
      Cease a desist from your racism against the Jews: Jesus is one (literally, He is of the tribe of JUDAH). Focus on the multi-ethnic luceferians and not the Jews.

  11. zman
    Andrew Mcguire interview of December 21 on King  World News references the BIS and FED leasing gold certificates to the bullion banks.  I expect he knows some things about this. 
    If the Fed(ESF) and BIS are behind this then the bullion banks will have enough paper gold to continue the game for a while.  But physical delivery is likely not in the cards if it means that China, India, Japan, Indonesian, Thailand and other far eastern countries continue their buying.
    Saudi Arabia was also noted on Harvery Organ’s channel  being in a gold buying frenzy.
    I expect that has much to do with being pushed out of the petro dollar, going unprotected by the US in the near future, seeing a drop in their oil field production, wanting to buy some Pakistani nukes, needing some military defense fall back positions, even to the point of allying themselves with Israel, signing agreements with China to price oil in Yuan, seeing that the US is going to produce a lot of petro, even if temporarily, from fracking and natural, gas thus reducing reliance on Saudi oil,  having enough liquidity and currency reserves to buy grain and weapons, keeping their social welfare system intact long enough to survive the implosion of the House of Saud,  time enough for the 5,000 princelings to get their gold out of Dodge or Riyadh, as the case might be.
    The Shiites and Al Queda are looking for payback—about 1,400 years worth and the Saudis are vulnerable due to the implosion of the petro dollar system,  the rise of the petro gold system and affiliated methods of oil and currency  exchanges. The Saudis are smart peopple when it comes to ME politics and keeping themselves in the game. Saudi Arabia is a keystone prize in the furtherance of the world wide caliphate, a major chess piece and the center of Islam in Mecca The capture of Saudi Arabia would be a trifecta of geography, oil and the religious capital.
     

    • Let’s just all thank god we are all blessed with this great buying opportunity at these low prices.
      Many people don’t realize this fracking is the next big bubble and that it cost more energy to “frack” then that it produces.
      CEO of Shell (RDS) didn’t say for the heck of it that he regretted ever spending a dime on fracking because it costs more energy then it produces.

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