40 Years of Gold Manipulation: Beneath the Surface

I’d like to introduce you to Mrs. Louise Boyer, a very decent lady and a highly competent secretary.  So competent, in fact, that she spent nearly three decades working as the personal secretary of one of the most powerful men in America, Governor Nelson Rockefeller.
From rubbing elbows with the high society of the world, to arranging his personal meetings with national and international leaders, coordinating his political events, or seeing to the details of his extensive travels, this was obviously an intelligent, capable, and steady lady.
At least, she was.  Until she decided in the summer of 1974 to contact a New York newspaper and tell them that she was privy to explosive information regarding the Rockefeller family arranging with the Fed for large amounts of US gold to be sold and shipped to buyers in Europe, reportedly at the official price of $42.22/oz, while gold on the open market was selling for somewhere around $175/oz.
Three days after the publication of the article, Ms. Boyer was found dead, having “apparently” thrown herself through the windows of her tenth-story New York apartment and plunging to her death.
The elaborately concocted story that followed, attempting to convince the public that the Fed still held the US’ gold, is below: [Read more...]

Alasdair Macleod: Tapering Blues for Precious Metals

Bernanke taperThe second tapering reduction, a further $10bn per month, was announced this week. It was we are told by the news channels fully expected. This is probably the initial reason why US Treasury prices rose on the news, because bears would have bought back their positions. However, weakness in emerging market currencies indicates that there is a safe-haven element developing in US Treasury bond prices. [Read more...]

Jim Willie Reveals the SMOKING GUN On US Gold Rehypothecation!

Play

Jim Willie gunThe Doc sat down with the Golden Jackass himself this weekend for an in-depth interview covering the state of the gold market and the Western banking system.
Willie discusses the German efforts to repatriate their gold reserves (along with the implications of only receiving 5 tons from the NY Fed in year 1), as well as Bafin’s investigation into precious metals manipulation and why unlike the CFTC’s, it is likely to result in criminal charges.
Finally, courtesy information provided by a high level executive at one of the world’s leading private refineries, Willie reveals the ‘smoking gun‘ evidence that proves US gold was rehypothecated over a decade ago!

Jim Willie’s full MUST LISTEN interview with The Doc is below: [Read more...]

BILLIONAIRE HUGO SALINAS PRICE: Gold is the Fed’s Enemy!

In this outstanding interview, Billionaire silver advocate Hugh Salinas Price was asked if the gold & silver markets are manipulated:

Of course the gold and silver markets are manipulated. You have to be either blind or a Harvard Graduate with doctorate in Economics to ignore the fact.
The purpose of the manipulation is the same as the purpose of the French Revolutionaries in attacking gold when they were printing their “Assignats” paper money like crazy; to try to suppress the indicator which showed the destruction they were carrying out with unlimited printing of fiat money. Gold tells the Truth and so it is an enemy of those who wish to deceive their populations. Paul Adolph Volcker, famous former head of the Federal Reserve of the US, once stated: “Gold is my enemy”.
Gold will triumph over paper. It always has, ever since the Chinese invented paper money many centuries ago. But in the meantime, paper money is twisting the economic facts to such a degree, that enormous distortions are taking place in the markets. Enormous investment mistakes are being made. All this will become evident in due course; a gigantic collapse is going to take place and many who think they are very wealthy will find they have next to nothing.

Salinas Price’s full MUST READ interview on why Gold is The Fed’s enemy is below: [Read more...]

Live Chat Bernanke’s Last FOMC With The Doc LIVE at 1:45pm EST!

SD contributors including The Doc, Eric Dubin & AGXIIK will once again join SD readers for a LIVE CHAT blog for The Bernanke’s LAST FOMC statement, starting at 1:45pm EST!
Will Bernanke continue the taper before Yellen steps in, or hold serve?  Discuss the event with the SD community LIVE!

US Banks Shaken by Biggest Withdrawals Since 9/11

Joe Raedle / Getty Images / AFP

The US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system has not seen such a massive fund outflow since 9/11 attacks.
­The first week of January 2013 has seen $114 billion withdrawn from 25 of the US’ biggest banks, pushing deposits down to $5.37 trillion, according to the US Fed. [Read more...]

FMQ Update & the Implications for Gold & Silver Valuations

binford xlBy December, the most recent month for which statistics are available, the US dollar Fiat Money Quantity (FMQ) had grown to $12.48 trillion.
This is $5.05 trillion more than if it had grown in line with the established average monthly growth rate from 1960 to the month before the Lehman Crisis.

By this measure of currency inflation, since August 2009 inflation is now 68% above trend. [Read more...]

Ben Bernanke’s Bankster Legacy

BernankeWith Ben Shalom Bernanke set to depart on the last day of January 2014, the critique and speculation of his tenure as Chairman of the Federal Reserve begins. The mainstream financial press is giving mostly favorable accounts. Heretofore, such praiseworthy acclamations strike a shape contrast with the actual record of the state of the economy. However, the admirers of the Fed and his specific enactments live in a time warp that only masters of the universe encounter. For the remaining population, an intense struggle for survival is the actual experience, remembered from the Bernanke years.
During the Bernanke era, the debt bubble entered the point of no return to solvency. His place in the history of shame sets the stage for further economic turmoil. The Fed is boxed into a pattern that is likely to escalate out of control. [Read more...]

The Fed dominates the US Treasury market

Belgium was the largest  foreign buyer of US debt in NovemberLast week the Federal Reserve published new data regarding the foreign holdings of US Treasuries. These numbers show Belgium was the largest buyer of US Treasury debt in November last year with an increase in holdings of $20.3 billion. China came in second with a purchase of $12.2 billion of US debt and Japan was the third largest buyer with a $12 billion increase in US government bond holdings.  The largest seller was Russia, decreasing it’s US Treasury holdings by $10 billion.
The following charts shows the net changes in bond holdings for the largest foreign holders of US debt.
As you can see below, the Federal Reserve dominates the charts with their bond buying program called QE. [Read more...]

Glenn Beck Takes Gold Rehypothecation Story Mainstream- German Gold is GONE!

Bernanke-Dimon-Fed-TunnelIn the eyes of TPTB, it is one thing when a fringe financial blog such as SilverDoctors reports on and discusses the fact that the gold reserves supposedly held 5 stories below the NY Fed are likely rehypothecated and vaporized long ago.  It is another thing entirely when the former top personality on Fox News, and whose news website The Blaze is the 140th most visited website in the entire US, devotes 20 minutes of TV time discussing the German’s attempts to repatriate their gold reserves, and discusses the implications of what the Fed only returning 37 tons of re-cast gold bullion to the Bundesbank in year 1 likely means.
In Glenn Beck’s own wordsThe situation is worse than even I thought it was….There’s not alot of that gold (at the Fed) really left.  The answer is rehypothecation.
How hard is it to return the Bundesbank’s gold? It has their stamp on it!  The reason the German gold is being returned over 7 years is that a phone call came in to the Germans and said  ‘Hey, Rehypothecation, Dude! There’s not enough gold here!  We were playing a game!’
Once people demand their hard asset back, the entire thing collapses!

It appears the gold manipulation and rehypothecation story has just gone mainstream. [Read more...]

Dutch Central Bank Tight-lipped About Gold Policy

I have heard second hand information that the Dutch Central Bank (DNB) and the Federal reserve (the custodian of the Dutch gold in New York) had some correspondence in recent years about monetary gold, but the Dutch did not decide to repatriate any gold because the subject was rather sensitive, according to my source.
On December 12, 2013 I sent the Dutch Central Bank (DNB) a WOB request to inspect all correspondence, from the past 45 years, regarding monetary gold between DNB and all other central banks, mainly the Federal Reserve.
The next day I got a call from DNB in which they told me they received the request and it would be processed, confirmed by a letter four days later.
But then on December 20, 2013, I got another letter from DNB.
Translated in short: the WOB act (Dutch FOIA Act) applies for just about everything the government does, except its gold dealings. What a surprise..

[Read more...]

Janet Yellen, the Nation’s New Chief Slumlord

yellenJanet Yellen’s role as the nation’s slumlord is masked by her apparent distance from the Fed’s money spigot and the resulting institutional ownership of the nation’s rental housing stock.
Please welcome the nation’s new chief slumlord, Janet Yellen. The previous top slumlord, Ben Bernanke, has retired from the position of Chief Slumlord (i.e. chair of the Federal Reserve) to the accolades of those who benefited from his extraordinary transfer of wealth from the many to the few.
Why is the chairperson of the Fed the nation’s top slumlord? Allow me to explain. [Read more...]

The Fed is Waging a Nuclear Currency War on the Physical Gold Market

nuclear-bomb-KoreaMake no mistake about it.  In the face of China’s moves to move away from the U.S. dollar and bolster their own currency with an historically epochal program of systemic physical gold accumulation,  the U.S Government and the Fed are waging a nuclear currency war with a war on the physical gold market at its nexus
Anyone who asserts that it is any less than that is a complete coward. [Read more...]

Where is the German Gold?

empty-vaultAlmost a year ago, the German government put in a formal request to reclaim (repatriate) a portion of their gold reserves held outside of Germany. Reports on the progress of this initiative have raised quite a few questions.
Now news comes that, in the first year of the plan, Germany only received back 37.5 metric tonnes of their gold. This is only 5% of the total repatriation amount. At this rate, it will take twenty years, not eight, to reclaim the gold!
2014 is going to a consequential year in gold and silver. This German gold story only adds intrigue and fuel for the fire. [Read more...]

The Price Of Gold: The Fed’s 60 Seconds Of Desperation

The price of gold was remarkably smashed $35 in the space of 60 seconds at 10:14 a.m. NY time Monday morning12,000 contracts hit the market almost all at once.  To put this size in context, on Friday a little over 107,000 Feb contracts traded during the entire 23 hour Globex system session.  In other words, Monday at 10:14 a.m., a little over 11% of Friday’s total volume traded in the space of  1/1380 th of the entire Globex session for a given period.
The hit came from nowhere and halted a strong rally in the price of gold that began last night in Asia.
This is the unmistakable sign of desperationDesperation to keep a lid on the price of gold in an attempt to make the public believe that everything is ok in this country and with the U.S. dollar.  But we all know otherwise… [Read more...]