Chris Powell: Gold Price Suppression Is THE BIGGEST ISSUE In The World

The value of All capital, labor, good and services are being set in an evil, imperialistic and totalitarian way. Chris Powell explains…

Chris Powell interviewed by Mark O’Byrne of GoldCore

– GOLD PRICE SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way & we think this is evil”.

– Brief introduction to Chris Powell, Treasurer and Secretary of the Gold Anti-Trust Action Committee (GATA) and Bill Murphy of GATA and , two of the most important financial whistle blowers of recent years.

– GATA’s tireless and courageous campaign for freely traded gold, silver and foreign exchange markets with little support from ‘Main Street, Wall Street, most of the gold industry and most of the media.

– Why do central banks and “officialdom” manipulate gold and silver prices lower?

– “I could not be more disappointed with and contemptuous of 99% of the mainstream financial news organizations will not touch the issue of governments rigging markets”.

– Voluminous evidence that have amassed over the years have been published and sent to key financial press and media.

– Central bankers and government insiders are on record re manipulation including Alan Greenspan.

– “Central banks stand ready to lease gold in increasing quantities should the price rise.” Greenspan testified to Congress in July 1998.

– “Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.” Paul Volcker, reflecting on an international currency revaluation in 1973 (wrote in memoirs published by the Nikkei Weekly in Japan in November 2004).

– History of gold throughout history, through to Roosevelt and Nixon going off the Gold Standard and the Gold Exchange Standard.

– History of suppression including the London Gold Pool, creation of gold futures market, Exchange Stabilization Fund (ESF), Working Group on Financial Markets aka the Plunge Protection Team (PPT).

– Grossly unfair for any one nation to have “exorbitant privilege” of the ability to issue the sole reserve currency exclusively as you could EXPROPRIATE THE WORLD THAT WAY” as was done by the Nazis in World War II. Primary mechanism of Nazi expropriation of Europe was monopolising the banking systems and currency rigging thus weakening the conquered nations currencies versus the Deutsche Mark.

– The original must read book of Ferdinand Lips on the history of “Gold Wars” – the forerunner to Jim Rickards and his books including Currency Wars.

– U.S. diplomatic cables were leaked by Wikileaks and one from an official in the British Embassy to the State Department stated that they had surveyed the bullion banks and they were of the view that if gold futures were started, “they would be able to inject so much volatility into the gold price that they could scare ordinary investors away from the precious metal”.

– Gold trades completely counter intuitively and frequently falls with massive concentrated bouts of selling of gold futures (billions in seconds) frequently despite very positive gold news.

– “Flash crashes” done “to get the price down” and therefore likely governments and central banks.

– Recent developments including ‘Irish Cuban American’ Senator Mooney’s recent support for the GATA cause and questions to the CFTC, the FED and Treasury regarding government manipulation of the gold prices.

– The CME Group, which operates the major futures exchanges in the U.S., has recently renewed what it calls its ‘central bank incentive program’, which gives enormous volume trading discounts to governments and central banks for surreptitiously trading all the futures markets. The CME group has created mechanisms for secret trading by governments to get discounts while trading gold and silver futures in the U.S..

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– Part Two coming soon via our Market Update. Please share and click the ‘Like’ button. We plan to respond to and answer most comments and questions on this one. Thanks for your support!