This Catastrophic Situation Is Entering The Terminal Phase!
Fiat currencies Titanic is destined for destruction!
- This Catastrophic Situation Is Entering The Terminal Phase!
by www.kingworldnews.com
Today John Embry spoke with King World News about the continued turmoil in gold and silver and what the central planners and China are up to as the gold war continues to rage. Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say in his tremendous interview:
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Embry: “The violent takedown in gold and silver in April is still reverberating around the markets. Underneath today’s smash in the metals, physical demand is asserting itself and I think we have a limited shelf life for the paper control of this market.
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I firmly believe that in the end the paper gold market will be seen as one of the greatest Ponzi schemes of any era, and it will end very badly for anyone on the wrong side of the trade. But I’m more focused on the fact that downside in gold and silver is extremely limited and the upside is staggering….
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How A Criminal Syndicate Of Banks Is Raping The Gold Market !
- How A Criminal Syndicate Of Banks Is Raping The Gold Market !
by www.kingworldnews.com
Today one of the most well connected hedge fund managers in the world told King World News that a criminal syndicate of banks is raping the gold market with the cooperation of the US Federal Reserve. Outspoken Hong Kong hedge fund manager William Kaye also spoke with King World News about exactly how this is being done and who is profiting. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part III of an extraordinary written interview series which will be released today.
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Kaye: “Look at what’s happening to GLD and these other exchange traded products. The gold is being looted, and it’s being looted in a systematic way. GLD is a great example because it is by far the biggest gold ETP (exchange traded product) in the world.
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Who can deal for gold with this exchange traded product? Who can deal with the Trustee? Only ‘bankster’ banks. 15 bankster banks deal with Bank of New York Mellon who is the Trustee (of GLD), and negotiate the price based off of the London fixing, which is (also priced by) 5 bankster banks, the same crime family….
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Record High Gold Bullion Sales at the Perth Mint ! Up Over 5x Compared to 2012!
- Record High Gold Bullion Sales at the Perth Mint!
by http://coinupdate.com/
The Perth Mint of Australia achieved record breaking sales for gold bullion products in April, as lower precious metals prices spurred a huge leap in demand. Silver bullion sales also jumped to the highest level in six months.
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The Perth Mint began publicly reporting its monthly gold and silver bullion sales in March 2012, providing a window of insight into demand for physical precious metals. Sales spikes have occurred in September 2012 to coincide with the release of the new designs and last month to coincide with the decline in metals prices.
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For the month of April 2013, sales of gold as coins and minted products reached 111,505.06 troy ounces. This amount was more than double the previous month and up by an astounding 534.43% from the year ago period when 17,575.64 troy ounces were sold.
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The Perth Mint indicated that website sales significantly contributed to the record number, with top sellers including the 1 ounce Kangaroo Gold Bar, 2.5 ounce Cast Gold Bar, and 1 ounce 2013 Australian Kangaroo Gold Coin. -
Perth Mint Bullion Sales in Troy Ounces Gold Silver January 2013 65,683.71 670,544.36 February 2013 44,048.62 426,319.29 March 2013 50,356.16 408,178.52 April 2013 111,505.06 1,102,465.96 Total YTD 271,593.55 2,607,508.13
- Sales of silver as coins and minted products reached 1,102,465.96 troy ounces for April 2013. This was more than double the previous month and up by 432.31% from the year ago period.
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Recently popular products included the 1 ounce 2013 Australian Kookaburra Silver Coin, which reached a sell out of its 500,000 maximum mintage. Other top sellers included the 1 ounce 2013 Australian Koala Silver Coin and the 1 kilogram Cast Silver Bar.
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Global Banks Massive Criminal Conspiracy In The Gold Market !
- Global Banks Massive Criminal Conspiracy In The Gold Market!
by www.kingworldnews.com
Today one of the savviest and well connected hedge fund managers in the world told King World News that global banks are involved in a criminal conspiracy in the gold market. Outspoken Hong Kong hedge fund manager William Kaye also spoke with King World News about what is really taking place behind the scenes in the war on gold. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part II of an extraordinary written interview series which will be released today.
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Kaye: “The paper gold price has been driven well down. We’re nowhere close to when gold peaked above $1,900. We’re in the low $1,400s as I speak now, Eric.
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So price has gone down, but what about volume (in gold)? Well, I can tell you that volumes in China year over year are up four to five times. I can tell you that volumes in Thailand, a similar amount (to China, up four to five times).
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Volumes in India, despite an increase in taxes, and despite the fact they are making it more difficult for average people in India to acquire gold, all of the dealers that we talk to who deal into India tell us it’s the same experience as China. It’s up four to five times….
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Egon von Greyerz: The Move To Global Hyperinflation Is Now Accelerating!
Feel fee to wipe your ass with it !
- The Move To Global Hyperinflation Is Now Accelerating!
by www.kingworldnews.com
Today Egon von Greyerz told King World News there are extremely clear signs that the move to global hyperinflation is now accelerating. Greyerz had some incredible economic numbers that illustrated the coming hyperinflation. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this tremendous interview.
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Greyerz: “Eric, I’m looking at the disconnect in the world and it’s becoming more exacerbated. Let’s look at some examples: Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects. Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China. None of these countries have a booming economy. What they have is massive debt and accelerating deficits.
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The Baltic Dry Index is around 900, and is another indicator of the disconnect. The peak of the Baltic Dry Index was around 11,000 about 5 years ago. This shows you what is really happening with global trade and economic activity….
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“The shipping index hasn’t shown any signs of an upturn in the last year. It trades about 90% lower than it was five years ago. If we look at Japan, the yen is down 30% in the last year, and the Nikkei is up 70% since November.
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As we know, government debt in Japan is 200% of GDP which is the highest in the world. Total debt in Japan is around 500% of GDP and it’s accelerating. The Japanese bond market is also a disaster and will only get worse. Eventually Japanese bonds will become worthless.
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We will all be trillionaires but can’t afford breakfast !
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Indisputable Proof Paper Gold Markets are Massively Manipulated !
- Indisputable Proof Paper Gold Markets are Massively Manipulated!
by smartknowledgeu
What would you think if someone told you the following?
“Three times this week, I am going to tell you the low price of gold with near perfect accuracy, and one of those three times, I am going to tell you events that will precede the low and the exact time that gold prices will crash.”
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You would likely conclude that either:
(1) I am somehow directly involved in setting the price of gold in paper derivative markets, or
(2) that since nearly perfectly predicting gold price movements three times in one week in a free market is impossible, that such an accomplishment would serve as indisputable proof that gold markets are rigged and manipulated by bankers, as none of my predicted price targets depended upon technical chart analysis of any kind.
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So let’s summarize my calls regarding gold price movements on three separate occasions last week, and why I feel that the accuracy of these calls serve as indisputable proof that Central Bankers and their agent bullion banks manipulate the price of gold and silver.
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Even so, through all this volatility, I never once advocated that my clients dump their physical gold and physical silver and try to buy back their stacks at lower prices. Why? Because during most of this time, the premiums to buy physical silver, especially 1 oz. silver coins, were at a minimum, 15% to 20% higher than the fake paper prices bankers were setting in their paper derivative markets. Because gold and silver inventories shrink rapidly with every subsequent banker raid on PM prices and demand continues to be elevated, as proven by JP Morgan’s collapse of COMEX gold warehouse deposits over the last several months, we can never be sure of when the day will arrive when one opts to sell out of their physical stack of PMs and then tragically, is unable to re-buy it. I believe this risk is not worth taking, and that people should only have used this banker raid to stack more at lower prices if possible.
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In conclusion, as someone that predicted huge declines in the gold spot price last week on three separate occasions, please understand that the same understanding of these banker gold and silver price manipulation games that led to the accuracy of my calls last week is also what leads me to conclude that the banking cartel price manipulation games in PM markets are unsustainable, on their way to imploding, and will eventually result in much higher prices in all gold/silver assets in the future.
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Dr. Paul Craig Roberts: Gangster State America!
- Dr. Paul Craig Roberts: Gangster State America!
by http://www.paulcraigroberts.org/
There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.
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My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve’s quantitative easing policy has found acceptance among gold investors and hedge fund managers.
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The sale was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery. No one but the Federal Reserve could have placed such an order, and the order came from one of the Fed’s bullion banks, one of the entities “too big to fail.”
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Bill Kaye of the Greater Asian Hedge Fund in Hong Kong and Dave Kranzler of Golden Returns Capital have filled in the details of how the manipulation worked. Being sophisticated investors of many years of experience, both Kaye and Kranzler understand that the financial press runs with the authorized story planted to serve the agenda that has been put into play.
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Institutional investors who have bullion in their portfolio do not want the expense associated with storing it securely. Instead, they buy into Exchange Traded Funds (ETF) and hold their bullion in the form of a paper claim. The largest, the SPDR Gold Trust or GLD, trades on the New York Stock Exchange. The trustee and custodian is a bankster, and only other banksters are able to turn investments into delivery of physical bullion. Only shares in the amount of 100,000 can be redeemed in gold.
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The price of bullion is not set in the physical market where individuals take delivery of bullion purchases. It is set in the paper futures market where short selling can drive down the price even if the demand for physical possession is rising. The paper gold market is also the market in which people speculate and leverage their positions, place stop-loss orders, and are subject to margin calls.
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When the enormous naked shorts hit the COMEX, stop-loss orders were triggered adding to the sales, and margin calls forced more sales. Investors who were not in on the manipulation lost a lot of money.
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The sales of GLD shares are accumulated by the banksters in 100,000 lots and presented to GLD for redemption in gold acquired at the driven down price.
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The short sale is leveraged by the stop-loss triggers and margin calls, and results in a profit for the banksters who placed the short sell order. The banksters then profit again as they sell the released gold into the physical market, especially in Asia, where demand has been stimulated by the sharp drop in bullion price and by the loss of confidence in fiat currency. Asian prices are usually at a higher premium above the spot prices in New York-London.
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Some readers have said “don’t bet against the Federal Reserve; the manipulation can go on forever.” But can it? As the ETFs such as GLD are drained of gold, their ability to cover any of their obligations to investors diminishes. In my opinion, these ETFs are like a fractional reserve banking system. The claims on gold exceed the amount of gold in the trusts. When the ETFs are looted of their gold by the banksters, the gold price will explode, as the claims on gold will greatly exceed the supply.
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Kranzler reports that the current June futures contracts are 12.5 times the amount of deliverable gold. If more than 8 percent of these trades were to demand delivery, COMEX would default. That such a situation is possible indicates the total failure of federal financial regulation.
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What the Federal Reserve has done in order to maintain its short-run policy of protecting the “banks too big too fail” is to make the inevitable reckoning more costly for the US economy.
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Another irony is the benefactors of the banksters sale of the gold leeched from the gold ETFs. Asia is the beneficiary, especially India and China. The “get out of gold line” of the US financial press enables China to unload its excess supply of dollars, accumulated from the offshored US economy, into the gold market at a suppressed price of gold.
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Kranzler points out that not only does the Fed’s manipulation permit Asia to offload US dollars for gold at low prices, but the obvious lack of confidence in the dollar that the manipulation demonstrates has caused wealthy European families to demand delivery of their gold holdings at bullion banks (the bullion banks are essentially the “banks too big to fail”). Kranzler notes that since January 1, more than 400 tons of gold have been drained from COMEX and gold ETF holdings in order to satisfy world demand for physical possession of bullion.
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Again we see that institutions of the US government are acting 100% against the interests of US citizens. Just who does the US government represent?
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Pacific Group’s Bill Kaye: Gold Plunge was an Operation by FedRes & Big Banks!
Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill?
- Pacific Group’s Bill Kaye: Gold plunge was an operation by Fed, big banks!
by cpowell, http://www.gata.org/
Dear Friend of GATA and Gold:
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April’s abrupt plunge in the gold price was an operation of the Federal Reserve and major banks to protect the Fed’s “quantitative easing” and paper gold shorts that can’t deliver the metal they have sold, Pacific Group founder and fund manager William S. Kaye writes in the May market letter of Pacific Group’s Greater Asian Hedge Fund.
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Kaye, who in January announced his fund’s commitment to a major purchase of gold –
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http://www.gata.org/node/12150
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– adds that gold exchange-traded funds are being used to manipulate the gold price and essentially are being looted by the banks that are short the metal. He expects paper gold to default this year and the gold price to be reset upward.
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By Pacific Group’s kind permission, Kaye’s letter is posted at GATA’s Internet site here: http://www.gata.org/files/PacificGroupLetter-05-10-2013.pdf
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CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.
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The takedown of gold in April was an eight standard deviation event. The reason I note this is statistically eight standard deviation events simply don’t occur. The crash in 1987 in the US equity market and the similar crash in Hong Kong in 1997 were 3-4 standard deviation events. In over three decades of investing in markets I’ve witnessed major moves in various asset classes but nothing remotely close to eight standard deviations.
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So the crash in the paper gold market last month was not only financially painful but extraordinary. Something this unusual bears scrutiny. I’ve spent a great deal of effort piecing the story together so we can manage our risks better and develop more profitable trading strategies.
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In April, your Fund as well as other large holders of gold were victims of a massive criminal conspiracy. The conspirators were the major banks (aka Banksters) and the Federal Reserve System of the USA, another institution we believe to be entirely corrupt. The same Banksters who rigged LIBOR and created financial products designed to fail so they could loot their customers (Muppets) had a private meeting with President Obama on or about April 10. Fourteen of the world’s biggest banks got together with the President privately to discuss something important. Insofar as I know no public transcript has ever been made available. In the immediate aftermath of this meeting gold got slammed on April 12 and April 15. It has since rebounded from it’s worst levels but remains suppressed below 1500. On the day of the crash an order to sell short 400 tons of gold suddenly appeared on the COMEX. This is an enormous amount of gold and is totally unprecedented. The market panicked as hedge funds joined the party to slam a market that could now go only in one direction. Goldman Sachs reportedly entered the order but they don’t own 400 tons of deliverable gold bullion. To put things in perspective, the COMEX reported the total eligible gold in all their warehouses around this time to be only about 6.1 million ounces (190 tons). So who could enter such an order? Who could get access if needed to this quantity of eligible gold? Who has sufficient financial backing to take on this magnitude of risk? The only entity in my judgment that ticks all these boxes is the Federal Reserve. The Fed can digitally create as much money as it wants and doesn’t need to be concerned with risk (it’s not their money).
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Lindsey Williams on Radio Liberty with Dr. Stan Monteith – 1st May 2013 !
Click on image to purchase DVD!
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Lindsey Williams: The New World Order is in It’s Final Formation! The Coming Collapse of ALL Currencies!
- Broadcast on 6 May 2013, End Time Talk Radio show!
http://www.lindseywilliams.net/
Lindsey Williams on End Time Talk Radio speaking with Barry Meyer in May 2013. Pastor Williams discusses the latest information from his elite friend. The New World Order is in it’s final formation and the Elite are working toward a date for the collapse of ALL currencies. Events SIMILAR to Cyprus are planned for nation after nation. Pastor Williams’ Elite friend gave him numerous personal warnings concerning his own family.
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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