The Doc sat down with Harvey Organ over the holiday weekend to discuss the escalation of the European debt crisis, JP Morgan’s derivatives crisis, and the gold and silver markets.
In this explosive interview, Harvey discusses the cartel’s re-hypothecation of physical gold bullion, and documents how the bullion banks are running a shell game by re-hypothecating/ swapping/ leasing Arab investors’ gold bullion deposited at the Bank of England to the GLD and other ‘gold depositories’.
‘Essentially the GLD vaults hold physical gold metal, but it’s not owned by the GLD. It has to be re-swapped back to the Bank of England. The Bank of England has basically swapped the gold to the GLD, and it’s not even the Bank of England’s gold, it’s Arab investor’s gold! It’s an obligation on the part of the Bank of England to get it back! This goes along with the whole hypothecation/ rehypothecation story of MF Global. The same ounces of gold are going from one place to another to another.
The COMEX, the LBMA, the Bank of England- it’s ONE INVENTORY!! It serves three masters, and the fun begins when they all want it back!‘
Harvey Organ’s explosive FULL AUDIO INTERVIEW on JP Morgan’s interest rate swaps crisis and cartel gold rehypothecation is below:
Part 1: JP Morgan Unwinding IR Swap Book