RSS

Category Archives: Manipulated Markets

Gambling For Gold


The COMEX Golden Roulette Wheel [courtesy Google Images]

The COMEX Golden Roulette Wheel
[courtesy Google Images]

Reportedly, there are more than 540 ounce of “paper gold” for every 1 ounce of physical gold at COMEX,  That means that there are 540 paper claims for every 1 ounce of physical gold at COMEX.

Is COMEX really a “market”?  Or, given that only 1 claim out of 540 can actually “win” an ounce of physical gold, is COMEX really a lottery?

Or maybe, we should call COMEX a “raffle” similar to those held by a school to raffle off a new car.  Five thousand people buy a raffle ticket for $10 each, but only one of them will win the car.  Similarly, with COMEX, 540 “investors” each purchase a paper claim on one ounce of physical gold, but only 1 of the 540 can actually win that ounce.

Is gambling illegal in New York?

Could COMEX be sued for running an unlicensed lottery or unlicensed raffle?

What about the London Gold Market?  As you’ll see from the following graphic, the London Gold Market is every bit as much of a casino as COMEX.

The following graphic makes clear that the London Bullion Market is the principle source of the world’s “paper gold” and principle mechanism for suppressing the free-market price of physical gold.

If something were to “happen” to ruin, wreck or destroy the London Bullion Market, the price of physical gold might skyrocket.

Read the rest of this entry »

 
 

Tags: , , ,

Going, Going . . . GOLD!


Gold Bull? [courtesy Google Images]

Gold Bull?
[courtesy Google Images]

In the last week of April, the big news was gold.

On January 1st, the price of gold was $1,060

On Friday, April 29th (the last market day in April), gold came close to $1,300—after smashing through the the $1,250 price resistance level on just the day before (Thursday, April 28th).

Last Thursday, I wondered if The Powers That Be would allow gold’s break through the $1,250 barrier to stand. I hoped otherwise, but I expected that gold would be smacked down below $1,250 on Friday, the 29th.

Much to my surprise, the Powers did not push gold down on Friday but instead allowed it to rise $26 and nearly touch the $1,300 level.

This price rise does not impress me as simply a victory for gold. It impresses me as a possible concession by the Powers that seek to hold gold down.

Read the rest of this entry »

 
 

Tags: , , ,

They Pretend to Pay Us; We Pretend to Work


Central Planning = Communism "From each according to his bank balance; to each according to his political connections." [courtesy Google Images]

Central Planning = Communism
“From each according to his bank balance; to each according to his political connections.”
[courtesy Google Images]

During the Soviet Union’s final 15 or 20 years, there was a “joke” that was both cynical and popular among Communist workers:  “They pretend to pay us; we pretend to work.”

I believe the attitude expressed in that “joke” was a fundamental cause for the “evil empire’s” demise.  The government wasn’t really paying the people for their work.  The people weren’t really working for their “pay”. 

Everyone was lying.  The Communist government lied about paying people.  The people lied about working.

The resultant breakdown in the relationship between the government-employer and the worker-employees destroyed what was once the second most powerful nation the earth had ever seen.

There’s a lesson in the USSR’s demise about the need to really “pay” people for their work and stop all the lying.  

Read the rest of this entry »

 

Tags: , , , , , ,

Interest Rate Manipulation Fails


Interest Rate Manipulation is Income Redistribution [courtesy Google Images]

Interest Rate Manipulation is Income Redistribution
[courtesy Google Images]

On February 9th, Business Insider Australia published “CARNAGE IN JAPAN:  Nikkei’s largest fall in years, yen spikes, government bond yields below 0%” which said in part:

 

“On Monday [February 8th], the benchmark Nikkei 225 index lost more than 900 points, closing the session at 16,085.44.  The 5.4% one-day decline was the largest since June 13, 2013 . . . .  Since January 29th, the day the Bank of Japan adopted a negative-interest-rate policy, the Nikkei index has lost more than 10%.”

Since mid-December, when the U.S. Federal Reserve increased the U.S. interest rate by 0.25%, the U.S. stock market has also suffered a significant decline.

Japan lowered its interest rates to zero—and then to a negative interest rate—their stock markets fell.

The U.S. raised interests from 0.25% to 0.50%, and the US stock markets fell.

The world’s stock market indices are falling. Judging by the US and Japanese recent experiences with raising—and lowering—interest rates, interest rate manipulation is insufficient to overcome whatever forces are causing the market declines.

This implies that neither the Bank of Japan nor the Federal Reserve has any viable tools–including interest rate manipulation–that can reliably stimulate the economy and withstand the forces of economic depression.

Read the rest of this entry »

 

Tags: , ,

Rob Kirby on the Exchange Stabilization Fund


What follows is a powerful and important interview.  If Rob Kirby is correct, the ESF (U.S. Exchange Stabilization Fund) may be the hidden power that sustains the fiat, debt-based dollar and is the “heart of darkness” for the New World Order,

Video    00:38:52

 

 

Tags: , , ,

A “real” economy vs. an “unreal”?


Market Manipulation by the Federal Reserve [courtesy Google Images]

Market Manipulation by the Federal Reserve
[courtesy Google Images]

Richard Fisher was the president and CEO of the Federal Reserve Bank of Dallas from A.D. 2005 to A.D. 2015 . He’s now a director of PepsiCo and ATT, a senior advisor to Barclays, and a CNBC contributor. The man is accomplished and “connected”.  We he talks, we’d do well to listen closely.

In reaction to the dramatic stock market sell-off during the first week of A.D. 2016, Mr. Fisher “talked” in a recent article entitled “Don’t blame China for the sell-off”:

 

•  Fisher:

 

“Recent volatility and downside slippage in the equity markets has been ascribed to China and the potential for slowing global economic growth. To be sure, these are factors worth watching but they are hardly newsworthy.

“While I would not completely pooh-pooh the effect of developments in China on the rest of the global economy, I believe another factor is of greater importance in pricing the U.S. stock market going forward: the effect of accommodative Federal Reserve policy.”

 

Mr. Fisher is telling us that, contrary to popular opinion, the recent US stock market fall was not triggered by China’s economic problems—it was caused by Federal Reserve policies.

Few would be surprised by Mr. Fisher’s statement.  We all pretty much suspect that the Fed is responsible for the current economic problems.  Still, given that a former president of the Dallas Federal Reserve Bank is making these admissions, they are amazing.

Read the rest of this entry »

 

Tags: , , , ,

The “Pop” Heard ‘Round the World


Will Somebody Please Turn Off the Bubble Machine? [courtesy Google Images]

Will Somebody Please Turn Off the Bubble Machine?
[courtesy Google Images]

I have no doubt that the cornerstone of the New World Order (N.W.O.) is a debt-based monetary system.  I have no doubt that, if today’s debt-based monetary system were to fail, The Powers That Be would work feverishly to install a second, debt-based monetary system.  If the today’s debt-based monetary system (built on fiat- and/or petro-dollars) failed, the N.W.O. would seek to impose a “new-and-improved” debt-based system that might be built on Special Drawing Rights (SDRs).  These SDRs are nothing more than new debt-instruments issued by the IMF rather than the old debt-instruments currently issued by the Federal Reserve and other central banks.

Read the rest of this entry »

 

Tags: , , ,