Gold represents the underlying value in a currency such as the Gold Standard of old, or any form where Currency is directly redeemable for Gold, and where Gold, or Silver, is the actual Money, the entire WS Banking system could not exist, a system invariably described as parasitic, superfluous and destructive.
The present, privately owned Fiat Fractional Reserve Lending, FRL, system allows Banksters to print currency out of thin air and charge interest on it, it allows them to leaver up on depositors’ assets and speculate, gamble and rort the system for their own books with OPM, Other Peoples’ Money, and construct a gigantic casino with derivatives, CDS, CDO, IRS etc, amounting to Quadrillions, all of which serve no purpose other than to defraud the productive citizens and profiteer from OPM.
And therein lays the crux and the banksters’ hatred for Gold and Silver, and also all the structural problems besetting the economy and financial system.
For Politicos it would prevent deficit spending, printing/borrowing currency to fund gigantic war machines and wage criminal wars, funding election promises to buy themselves into office with OPM, and repay banksters with deficit spending, indebting the nation to the banksters for bankrolling their election.
Of course scant regard is given to the trillions invested in the Precious Metals industry by the productive sector and investors; in fact parasitic banksters’ aim is to destroy the entire Precious Metals industry and all the trillions of hard working citizens’ wealth with it.
The vital miscalculation of TPTB in their blind hatred for Gold and Silver, and their Machiavellian destruction crime thereof, is that the BRIICS countries are rapidly re-monetizing Gold now, and have bought virtually all the US’ and West’s Gold; they recognize, as do billions of people around the globe, that Gold is Money and Power!
In order to suppress prices of Gold and Silver the riggers ended up underhandedly leasing, rehypothecating and hocking off the people’s Gold, right into the hands of their arch rival, China, at hugely discounted prices.
The interested parties in the demise of Gold and Silver as Money makes the list of perpetrators a varied and long one:
• The USG is determined to defend the Dollar as the World Reserve Currency, since this allows them to print and buy real goods from around the globe. Print and maintain a war machine and global empire. Print and wage wars and all manners of covert operations to perpetuate their hegemony. Print and make spending promises to get re-elected. Print and subdue a restless populace which has been rendered into virtual submission and economic privation through the very act of all these Fiat FRL enabled shenanigans and Fraud.
All this is of course a circuitous death spiral into the economic and financial abyss.
• The Fed needs to preserve this status quo for the Dollar or the Fed would become meaningless.
• The WS Banksters' entire raison d'être is at stake. See Footnote a
• The BIS is a puppet arm of the USG and Fed and acts on their instructions. The SDRs issued by the BIS is a covert means to ‘demonetize’ Gold, at the behest of the USG.
Secret memos and documents unearthed and published by GATA and other researchers reveals a picture of systematic vilification, marginalisation and the avowed destruction of Gold and Silver as Monetary Metals, euphemistically called, ‘Demonetization’, by TPTB, i.e. CB, WS Banksters, BIS and the USG and its secretive crime unit, the completely unaccountable, top secret ESF!
See Footnote: b
Short list of Cartel’s major criminal Market Ops, dumping naked, unbacked short contracts in enormous quantities to crash the entire bid stack.
|1. 1 May 2011||Gold||24 million||750||Price was actually up|
|1. 1 May 2011||Silver||5 million||160||$14.95 over 5 Days|
|2. 6 Sep 2011||Gold||22.5 million||700||$63|
|2. 6 Sep 2011||Silver||230 million||7,200||$1.86|
|3. 8 Dec 2011||Gold||20 million||625||$194 over 6 Days|
|3. 8 Dec 2011||Silver||112 million||3,400||$1.85|
|4. 29 Feb 2012||Gold||24.5 million||62||$103|
|4. 29 Feb 2012||Silver||263 million||8,200||$3.75|
|5. 12 April 2013||Gold||13.4 million||416||$38|
|5. 15 April 2013||Gold||Footnote c||$160|
|6. 12 Sep 2013||Gold||1.2 million||38||$84|
|7. 20 Sep 2013||Gold||200,000||6.2||$10|
|8. 11 Oct 2013||Gold||2 million||62||$16|
See Footnote: c
Prices are strictly controlled around the clock with HFT amongst the Cartel Members, and daily smaller ops are carried out to suppress and snuff out any price rise.
Flow Chart of the Gold Market and price rigging
Click to enlarge
The idea that a rising Gold price is somehow linked to interest rates, and hence the fate of the Dollar, stems from a paper, Gibson’s Paradox, written by one of WS’ most ardent hacks and onetime Secretary of the Treasury, Larry Summers.
(Summers and Rubin were the architects of the complete deregulation, repeal of Glass Steagall, and ‘de-oversighting’ of the financial markets; a sleight of conniving with WS, which brought about the present intractable financial malaise, but brought unimaginable riches to the few WS Executives he was working for while in the employ and pay of the Taxpayers)
This paper was solely a justification for the very lucrative racket of rigging the Gold and Silver markets, where the riggers are invariably the winners and everyone else the losers.
JPM regularly reports ‘perfect quarters’ where they ‘earn’ in excess of $100m every single day form their ‘trading desk’; read ‘rigged Market Ops’.
Of course this is only possible in completely rigged markets where the mega Banksters collude in rigging markets and loot the other hapless participants of their investments, time and again.
This also explains the complete complicity of the ‘regulators’, the CFTC, in allowing this criminal racket to continue in full view of everyone, and closing both eyes, when everyone is screaming foul and corruption!
The ESF was set up under the 1934 Gold Reserve Act to carry out covert market operations in Forex, Gold, Silver and just about every other market.
Of course there can be no legitimacy in the unilateral suppression and rigging of prices by the US of globally traded markets affecting billions of people around the planet.
The USG is fond of quickly labelling anyone a ‘Currency Rigger’ or the like, if they suspect market operations by a country affects their ability to rig that market with their own secret and illegitimate interventions.
The ESF is reportedly also involved in far more than just these illicit market ops, the range of activities attributed to this ultra secret unit range from Money Laundering to the financing of the CIA’s endless list of Black Ops, Drug running, Covert Wars and every kind of criminal activity carried out without supervision and accountability.
In a truly bizarre twist of conniving, 15 of WS’ top Banksters met in early April 2013 at the WH just hours before the most concerted and vociferous attack on Gold and Silver, revealing complicity and collusion at the highest level in this suppression crime.
Banksters got themselves into a very tight spot and were just hours away from defaulting in their Fractional Gold Market racket, where every single ounce has at least one hundred claims to it.
Their crime of reselling the same asset hundreds to times over, the looting and stealing of Customers’ allocated/unallocated Gold accounts, the re-re-rehypothecation of leased Gold and the gigantic naked short positions which they were called upon to deliver had them resort to ever more aggressive suppression and price destruction, seeking the redoubled assistance of the USG/ESF in this crime.
Not surprising the CFTC declared that there is ‘No Crime’ committed in the Silver market, and by extension in the Gold market, despite a five year investigation and first hand Whistleblower testimony, and the entire planet being able to discern normal trading where sellers maximize their proceeds, and the deliberate dumping of gigantic Naked Short Contracts, intentionally crashing the entire Bid Stack during the quietest trading time of the day!