While They’re Letting Cryptocurrencies Run For Now, the Gov Has An Internet Kill Switch That Can Destroy Bitcoin…What About Gold?
GATA Chairman Chris Powell Joins CNBC For An Eye Opening Discussion About How Central Bank Intervention is the Main Determinant of Gold Prices.
What Exactly Is The Point Of Throwing $Billions Down The Drain Suppressing Gold & Silver Prices?
The logic of the use of derivatives to suppress monetary metals prices is that there is enormous potential for prices to explode if the rigging stops and the physical market defeats the paper market. But as long as investors are ready to accept mere certificates from bullion banks in place of real metal – governments, central banks, and their agents are ready to issue paper for infinite amounts of imaginary gold…
The Global Financial System Is On The Brink…
The Bank of Montreal just “went there” .
According to the prospectus of the Bank’s new $500 million gold fund, the fund (which will give investors the option of withdrawing their investment in real gold) seeks to eliminate “derivatives risk as well as “’empty vault risk’ or gold bullion lending risk.
Devaluing Dollar And Debt By Revaluing Gold Is Getting Respectable…
I would bet my life that virtually every major central bank in the world right now is a participant in the gold price suppression scheme preparing for some sort of international currency reset whose timetable has not been made known to us.
If you’re controlling the gold price you’re controlling the price of all currencies and if you can control the price of all currencies you run the world.
Russia’s government long has understood gold’s secret power over the international monetary system.
In an address in June 2004 at the summer meeting of the London Bullion Market Association at the Kempinsky Hotel in Moscow, the Russian central bank’s deputy chairman, Oleg Mozhaiskov, spoke only four words in English: “Gold Anti-Trust Action Committee“:
GATA’s Chris Powell joins CNBC’s “Squawk Box”, discussing gold market manipulation, the failure of mainstream financial news organizations to put critical questions to central banks about their surreptitious intervention in the gold market, the “new” gold fix in London, the market-destroying and imperialistic results of gold price suppression, and the general subversion of democracy by central banking.
Powell’s full MUST WATCH interview is below:
The CME Group’s most recent 10-K filing with the U.S. Securities and Exchange Commission (SEC) lists its customers. Included in that list are governments and central banks. This is really a sensational development.
Nobody can trade against central banks, they create infinite money. If central banks are secretly trading in the futures markets, there are no markets.
The last two months have brought confirmation that, as we long have suspected, GATA has outlined only a small part of the surreptitious market manipulation being undertaken by central banks — that this manipulation is actually comprehensive, that it covers nearly every major market in the world.
GATA’s Chris Powell joins us this week for a power packed show discussing:
- Powell’s view on the endgame- Central banks will revaluate gold upwards substantially overnight, after which the gold suppression will start again from a much higher level
- Massive Chinese gold accumulation: China doesn’t want a free market, they want control of the gold market!
- If Gold & Silver Markets Are Not Rigged, They Are the Only Markets Not Rigged- Free markets are restraints on Central bank power!
- Physical vs. certificate bullion- Chris asserts that if you’re taking certificates at a bullion bank, you might as well flush your money down the toilet!
- Physical PM investors are fighting every central bank in the world- they won’t relinquish their power easily until the last ounce of metal is drained from the markets.
- Is the collapse of the fiat system imminent, or will the struggle against Central banks go on for decades?
The SD Weekly Metals & Markets With Special Guest Chris Powell is below:
With great persistence and a little encouragement from GATA our friend R.B. in Britain has more or less solved the mystery of the Financial Times’ quick deletion from its Internet site of its February 24 report about gold market manipulation, “Fears Over Gold Price Rigging Put Investors on Alert; German and UK Regulators Investigate.”
The explanation is pretty much what one might expect: For the Financial Times, one of the many news organizations to which GATA repeatedly has provided its full documentation of gold price suppression by Western central banks – the issue is simply too “sensitive.”
We already know that what is reported by the mainstream media all across the political spectrum – from MSNBC to Fox News – is largely highly scripted, distorted and controlled by the Government.
But the news coverage of the gold market manipulation is the most highly contained information next to defense and espionage.
The New York Times’ “Dealbook” blog wrote an article yesterday smearing the recent lawsuits filed against the big banks for gold market manipulation. It described the nature of the lawsuits as being seeded in conspiracy theory and it referenced GATA as a group of “offbeat activists.”
The piece below is in response.
Recently there was a discrepancy in the amount of gold reported to be held by the Bank of England. One page of the official website reported the bank held 505,000 gold bars. Another page featuring an interactive web app reported just over 400,000 bars. Chris Powell, co-founder of the Gold Anti Trust action committee, emailed the Bank of England to question the discrepancies. The bank of England officially responded stating “The number of bars mentioned in the app cannot be used to infer a change in the amount of custodial gold held by the Bank of England as the figure is deliberately non-specific.” RT’s Bob English discusses missing gold at the central bank of England with GATA’s Chirs Powell as well as gold manipulation by high frequency traders.
In this MUST WATCH interview, Alasdair Macleod talks with Chris Powell from GATA. Fascinating from the get go, Chris details how he became involved in the founding of GATA all those years ago back in 1999. Well known in the gold circles, Chris has tirelessly fought against the collusion to control the price and supply of gold and is widely admired for his erudition in this matter and the time he dedicates to GATA, a non profit organisation, which pursues justice and free financial markets.
Alasdair enquires as why the evidence of this collusion that GATA has obtained over the years never seems to be mentioned or investigated by mainstream financial writers who still remain somewhat reticent to the GATA case.
Chris elaborates on the treatment of the media, the last few years’ relationship with the US regulators, whom have heard the arguments of GATA, before moving onto the recent downward price moves.
GATA’s Chris Powell’s full interview with Alasdair Macleod is below:
SD Weekly Metals & Markets 4/13/13: Vampire Squid Kicking Arse As MOPE Fiesta Runs Wild
Thank goodness for a day of rest — and a weekend, if you’re so lucky! After a week like this, some precious metals investors might consider driving a car into a tree more relaxing than watching the mainstream media explain market machinations and how gold is now officially in a bear market.
Providing our antidote to mainstream MOPE, we bring you this week’s SD Metals & Markets discussion, including:
- Paper Metals Market Madness: Silver Breaks $26 And Gold Dives Below $1500- is a wash-out capitulation crash to $22 and $1400 imminent?
- Vampire Squid Must Eat: The Bankster Set-up Before Cyprus Forks Over Gold
Tribute To Bill Murphy, Chris Powell And GATA: American heroes in the most classic sense of the term
Launch the radio program by clicking the YouTube play button and enjoy the supplemental write-up. Let’s get to it!