Jim Rickards Is Wrong About The Market Regulators

Jim Rickards ChinaJim Rickards is dead wrong is in his assessment that the regulators are “asleep at the switch.” The regulators are not asleep at the switch. The manipulation is being done on BEHALF of the U.S. Government to support and defend the reserves status of the dollar. Without the reserve status of the U.S. dollar, the U.S. Government is nothing more than just of a bigger version of the many countries who have nukes but no real geopolitical power.
If the Government were to allow gold to trade freely, the price would quickly adjust to a much higher price level. It would happen in a way which shock and awe the world and completely erode away any “confidence” in the U.S. dollar as a currency. The regulators know this, the Fed knows this, and China knows this.
This is why China is accumulating more gold than is being produced by gold mines globally.


By PM Fund Manager Dave Kranzler, Investment Research Dynamics:

If I were running the manipulation I would be embarrassed at this point, it is so blatant…The regulators have been asleep at the switch.  - Jim Rickards

Jim Rickards did an interview with Sprott Money (interview link) that is definitely worth listening to, as it’s always good to see someone who has a fairly wide audience admit that the gold market is manipulated.

However, the manipulation has been blatant and obvious to anyone who is paying attention for many years.  It’s not like Rickards or Zerohedge have discovered plutonium here.

But where Rickards is dead wrong is in his assessment that the regulators are “asleep at the switch.”   The regulators are not asleep at the switch.  The manipulation is being done on BEHALF of the U.S. Government to support and defend the reserves status of the dollar.  Without the reserve status of the U.S. dollar, the U.S. Government is nothing more than just of a bigger version of the many countries who have nukes but no real geopolitical power.

If the Government were to allow gold to trade freely, the price would quickly adjust to a much higher price level.  It would happen in a way which shock and awe the world and completely erode away any “confidence” in the U.S. dollar as a currency.  The regulators know this, the Fed knows this, and China knows this.  This is why China is accumulating more gold than is being produced by gold mines globally.

As more and more gold is shifted out of western vaults and into eastern vaults, the geopolitical power of the U.S. Government fades.  We are seeing this in the Syria and Ukraine conflicts and how they have unfolded.  The U.S. military and political power is fading.   The ONLY reason the Federal Reserve fights tooth and nail to prevent a bona fide independent audit of the the gold it is allegedly holding on behalf of the U.S. citizens is because the gold is no longer there to be audited.

I honestly don’t know if Rickards is being disingenuous when he accuses the regulators of being negligent in their duties or if he  lacks the understanding to see the real game that is being played.  However, if I were to bet on it, I would bet that Rickards is too spineless to openly discuss the truth, because he’s far too intelligent and seasoned as a financial markets veteran to really believe that the Government is asleep at the switch on this issue.

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Comments

  1. I’ve stated before that this guy just isn’t all he presents himself as, or he’s more than he presents himself I guess depending on how you look at it. As soon as a guy is associated with the council on foreign relations the concepts of disinformation, misinformation, peddling an agenda, and creative license with the truth and or the whole truth become something that I think about.
     
    The guy is obviously very smart and I’ll listen to him time and again, but things like this – man you gotta be careful.
     
    Anything that threatens the US dollar is factually considered by the imperial assclowns in the US government as a threat to national security. That being the case they are and always will be willing to dispatch their shock troops be they in riot gear or a 2 thousand dollar suit. Rickards can’t not know that ergo you gotta ask yourself whiskey tango foxtrot.

    • I hear ya on he CFR Dirt its an automatic flag. As far as Rickards,always thought he shot pretty straight. As far as Rickards/CFR, I go back to Aaron Russo who talked of those in the CFR who thought they were doing the right things and maybe not so privvy to their ends.

    • China is partially behind it, keep prices low or we dump bonds so the fed is getting hit from several sides at once. Now Putin is going to pay for oil in rubles instead of dollars.

    • I think Rickards did what he had to do.  To blurt out what is obvious could be detrimental to his health.  Plus, he never would be on Bloomberg again for saying what he really thinks.

  2. Yea, the regulators were ”asleep at the wheel”, and Goldman Sachs behaved ”improperly”. Chilton, Sommers and their dispicable ilk, were deceptive dissemblers. Their puropse was to fillibuster genuine regulation, and they succeeded, while their deception stymied sincere, and somewhat naive market players like Ted Butler. They are a disgrace, and oppose everything America professes to stand for. It was of their type which Andrew Jackson said “You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!” That Rickards cant/wont see that, Can-Dirtlump, is disconcerting to say the least.

    • @Strannick
       
      “It was of their type which Andrew Jackson said “You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!””
       
      Indeed he did and it is not a coincidence that 5 separate attempts were made on Jackson’s life.  None were successful.  My guess is that he finally told the NY banksters that if one more attempt was made, he would gather an army, march on NY, and kill them all.  That is likely what it would take to make the bastards back off. 
       

    • Ed_B … “My guess is that he finally told the NY banksters”
       
      That’s funny, Ed, because I can … totally … see Ol’ Hickory drawing that exact line in the sand. As was said of his determined stare … “He had shoot in his eye”

  3. Jim Rickards became sort of public figure, he can’t be always speaking truth. Plus he has a book to sell and anothe one in making. 
     

  4. Dave Kranzler is exactly right. The regulators work for the gov. and the gov. works for the banks. Jim should know this (I’m sure he does) but he won’t say it. Why not?

    • @RocketsRedGlare
       
      Jim should know this (I’m sure he does) but he won’t say it. Why not?”
       
      Probably because he IS a smart guy, knows how the banksters operate, and doesn’t have a death wish.
       

  5. Why are folks hanging on the prognostications of deeply embedded government operators like Mr. Rickards, motor-mouthing hot-button phrasing and flag waving, as seriously viable commentators; when their ultimate message is to ‘allow’ greater power to government by direct issue of ‘credit’, already proven ruinous? I say it’s the thrall of ‘mass Expertosis’.

    “Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” –5th Plank, CM

    Their ilk will be floated out on the Net and MSM in the hundreds. Many will be slick as Teflon with others as crude and mundane as ordinary beach sand, The only truly Patriotic conservators of the (ongoing) American Revolution’s economic element, however, are those who … unequivocally … propound Liberty exactly as the Constitution admonishes us to ‘Protect and Defend’. Whether specific to intra-governmental business or in private affairs, money is metallic … NOT … Bills of Credit, whether ‘backed’ by some substance in full or part.

    Folks, we’re dragged back into Mercantilism, where money’s worth is to be subdued for the sake of government credit and the over-valuation of goods produced by their crony monopoly industrialists, all engineered and maintained by bankers and attorneys. This is occuring in all countries, under false images of ‘enmity’ and ‘political ideology’ that consume passions to struggle against ‘them’ … while ‘they’  in fact ‘play both sides against the middle’ and that ‘middle’ is the common folks on this planet whom governments have been PROVEN to perceive as little more than farm animals.

    • @PatFields
       
      “… while ‘they’  in fact ‘play both sides against the middle’ and that ‘middle’ is the common folks on this planet whom governments have been PROVEN to perceive as little more than farm animals.”
       
      Then perhaps more of us should stop acting like farm animals?  They are not called “sheeple” without reason.
       

    • Ed_B … “They are not called “sheeple” without reason”
       
      I think I’d mentioned before, that my major in school was Social-Psych (stupid me), so I can say from serious study of Skinner, Pavlov and others, that people can be conditioned to an amazingly high degree, of acting in predetermined fashion by enough relentless conscious and sub-conscious stimuli.

      Any parent has power to create strong, confident, self-determined children … or, withdrawn, dependent and self-deprecating children. The parents are the decisive factor by their ‘teaching’. So it is for our People, my Friend. We can undo the harm done them, only if we try our best and not resign to failure in the task.

      “Reflection,… with information, is all which our countrymen need, to bring themselves and their affairs to rights.” –Thomas Jefferson

      “I know of no safe repository of the ultimate power of society but the people. And if we think them not enlightened enough, the remedy is not to take the power from them, but to inform them by education.” –Thomas Jefferson

  6. “If the Government were to allow gold to trade freely, the price would quickly adjust to a much higher price level.  It would happen in a way which shock and awe the world and completely erode away any “confidence” in the U.S. dollar as a currency.  The regulators know this, the Fed knows this, and China knows this.  This is why China is accumulating more gold than is being produced by gold mines globally.”
     
    More than that, China is not just buying a lot of gold but they are also buying into the means of producing gold… which is to say gold mines and land that has the potential for gold mine development.  It is one thing to have a lot of gold but it is quite another to have the means to prevent others from getting a lot of gold too.  Other countries COULD acquire a lot of gold too but few are doing so.  By the time they realize just how vital gold and silver really are, it will be too late for them to address their serious lack of foresight.
     
    “However, if I were to bet on it, I would bet that Rickards is too spineless to openly discuss the truth, because he’s far too intelligent and seasoned as a financial markets veteran to really believe that the Government is asleep at the switch on this issue.”
     
    Rickards impresses me as a very smart guy.  History shows us what happens to people who openly oppose the NY banksters.  They seem to die young for some reason.  Rickards is surely aware of this and has no desire to join that group.

    • Rickards is the consummate insider spreading the disinfo.  To be credible he has to give out lots of good, correct and proper info to prepare us for his propaganda payload.  From Rickards comes that there is still 8133 tons of gold in Fort Knox, that there will be a currency reset (as in a formal, single event) and that the SDR’s will be backed by a basket of world currencies as per the IMF.  He also makes some very specific claims on where gold will be after the realignment of the currencies.
       
      He is a smart guy.  And he knows how perilous times are and how vulnerable the system is, and will continue to be, to the flock of black swans and their ability to rain chaotic event(s).  His role is to give the impression that all is under control and things will be ok in the end.  “Don’t panic sheeple, everything will be fine.”  He won’t speak negatively of the banksters, not so much because he fears for his life, but he’s actually part of the team masterminding the NWO collapse agenda.  That’s why he was brought into the Pentagon wargaming exercises a while back… so he could tell them how to prepare for the known and planned collapse that was coming… they gamed the actual collapse scenarios planned so the military would know what their role in continuity of government process would be when the day comes…

  7. “It’s difficult to get a man to understand something when his job depends on not understanding it’
    And then there’s Jim Rickards

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