Andrew Maguire & Adrian Douglas: Gold & Silver Futures Market Are Biggest Fraud In The World. A Giant Ponzi Scheme!
- This is a great interviewer of whistleblower Andrew Maguire and GATA’s Adrian Douglas. Both of them recount evidence that COMEX and LBMA gold/silver futures market are essentially a fraudulent naked short selling market. The leverage cited is 100:1. So for every ounce of physical gold/silver, 100 ounce of paper shorts are made. The bullion banks intentionally manipulate the market to protect fiat currencies and profit from it. Will the CFTC do anything about this blatant market manipulation?
- We are now in a somewhat ‘privileged’ position as prices for gold/silver are artificially low. They should be multiples of their current price if manipulation does not exist. Gold bugs should take advantage of it by buying physical gold/silver. When the physical gold/silver disappears, the naked shorts will be caught in a massive short squeeze. The speakers suggest, there are elements in the world who will take down the gold/silver COMEX/LBMA market in this way. KingWorldNews.com :
Andrew Maguire & Adrian Douglas: Discuss What Could Be the Largest Fraud in History – Andrew is an independent metals trader turned whistleblower at the center of a storm for exposing what could be the largest fraud in history involving countries, banks and government leaders. Adrian Douglas Board of Director from GATA, the man who Andrew reached out to joins in this interview where they discuss a fraud so extraordinary and so unimaginable that it is the kind of thing that only happens in hollywood thrillers. They also discuss the CFTC sponsored meeting on metals which was an unmitigated disaster because it additionally exposed the fraud on a grander scale. To read Andrew Maguire’s documented e-mail exchange with the CFTC click here.
- See also:
A London Trader Walks The CFTC Through a Silver Manipulation in Advance!
LBMA OTC Gold Market Cited as a Ponzi Scheme in CFTC Hearing
- Main stream history as taught in schools are full of propaganda and outright lies. A huge portion of ancient history is covered up and obfuscated by the PTB. The ruling elite want us to believe that we are all highly evolved monkeys and our ancestors live in trees and caves. This is quite the opposite of numerous archaeological evidence. Of course, the ruling academic elite will deny and discredit all such evidence as fakes. But the overwhelming evidence speak otherwise! Ancient societies were highly advance technologically. There is evidence of space flight too. See also:
Klaus Dona: The Hidden History of The Human Race! Antediluvian World And Nephilim Giants!
- There is a definite bubble in US treasuries. Niall Ferguson is right! US treasuries are a safe haven much like Pearl Harbour was a safe haven. Although it is difficult to forecast the bursting of this bubble, every day is 1 day closer. With 10yr bond interest rates rising dramatically, stay away from US treasuries. When it crashes, it will bring down the USD with it and inflation will accelerate! The Telegraph UK reports:
The yield on 10-year Treasuries – the benchmark price of global capital – surged 30 basis points in just two days last week to over 3.9pc, the highest level since the Lehman crisis. Alan Greenspan, ex-head of the US Federal Reserve, said the abrupt move may be “the canary in the coal mine”, a warning to Washington that it can no longer borrow with impunity. He said there is a “huge overhang of federal debt, which we have never seen before”.
David Rosenberg at Gluskin Sheff said Treasury yields have ratcheted up 90 basis points since December in a “destabilising fashion”, for the wrong reasons. Growth has not been strong enough to revive fears of inflation. Commodity prices peaked in January and US home sales have fallen for the last three months, pointing to a double-dip in the housing market.
Mr Rosenberg said the yield spike recalls the move in the spring of 2007 just as the credit system started to unravel. “The question is how the equity market is going to handle this back-up in rates,” he said.
The trigger for last week’s sell-off was poor demand at Treasury auctions, linked to the passage of the Obama health care reform. Critics say it will add $1 trillion (£670bn) to America’s debt over the next decade, a claim disputed fiercely by Democrats.
It is unclear whether China is selling US Treasuries after cutting its holdings for three months in a row, or what its motive may be. There are concerns that Beijing may be sending a coded message before the US Treasury rules next month on whether China is a “currency manipulator”, though experts say China is clearly still buying dollar assets because it is holding down the yuan against the greenback. Some investors may be selling Treasuries as a precaution against a trade spat.
Looming over everything is the worry that markets will not be able to absorb the glut of US debt as the Fed winds down its policy of bond purchases, starting with an exit from mortgage-backed securities. It currently holds a quarter of the $5 trillion of the MBS market.
The rise in US bond yields has set off mayhem in the 10-year US swaps markets. Spreads turned negative last week, touching the lowest level in 20 years. The effect was to drive credit costs for high-grade companies such as Berkshire Hathaway below that of the US government. This may have been a technical aberration.
- See also:
The United States Is At A Precipice !
Niall Ferguson: Greek Crisis Will Grip Whole Western World !
Greece Debt Crisis To Trigger Financial Tsunami Across Europe !
Bond Market Verdict: Treasuries Riskier Than Toilet Paper!
Philip Manduca: “We Are At A Tipping Point” And The Only Thing That May Save The Euro Is A Collapse Of The US!
Europe Rocked By Greece, Portugal Debt Fears!
Jim Rogers: Greece Bailout, Euro And EU Future!
This Year US Public Debt Could Reach End Game !
U.S. Is Riskier Than Euro Zone; So Says CDS Market !
Gerald Celente: Great 2010 Crash is Looming !
Bob Chapman: The Illuminist World Economic Collapse Bomb!
MEP: Euro Will Collapse, ‘Pig States’ To Bring EU Down !
ECB’s Nowotny Says Governments May Face Threat of ‘Debt Spiral’!
Moody’s Fears Social Unrest As AAA States Implement Austerity Plans!
Jim Rogers: Social Unrest, Debt Default & Government Corruption!
Marc Faber And Mish Shedlock: We’re Doomed and Washington Can’t Do Anything About It !
Collapse of the American Empire: Swift, Silent, Certain!
Bob Chapman: World Constitution, World Government and World Currency Run by Banksters! The Rise of The ‘Mystery Babylon Whore’ of Revelation 17!
Bob Chapman: Sovereign Debt Default, Dollar Devaluation, Economic Depression and War!
Europe’s Banks Brace For UK Debt Crisis!
Max Kaiser Details The Banking Cartels Financial Criminality in Pillaging Europe!
Riots in Athens as Thousands Protest Against Cutbacks!
Bill Fleckenstein: Greece And UK Are Suffering A Dire Funding Problem That Is Headed For US Shores!
Fitch Warns Britain and Questions Greek Rescue as Sovereign Risks Grow!
Bob Chapman: The Albatross of Sovereign Debt!
Marc Faber: Forget US Stocks, Buy Gold Every Month ‘Forever’!
Bob Chapman: The World is Heading Towards Many Years of Economic Darkness!
Bill Gross: Markets Will Soon Discover How Sovereign Nations Can Go Bust Just Like Companies!
Greece Now, U.K. Next as Scots Ready for Pound Plunge !
Ron Paul: The US Government’s Debt Can Never Be Repaid!
Bob Chapman: Illuminati Banksters’ Final Moves To Bankrupt The World And Push For World Government!
Dennis Gartman: The Euro Is ‘Doomed’ !
Concerns Grow Over China’s Sale of US Bonds!
Doomsday Is Here For The State Of Illinois!
Ron Paul: Chaos in The Streets and Poverty Coming To the USA!
Charlie Munger: Basically, It’s Over! A Parable About How One Nation Came To Financial Ruin!
On the Brink of a Bond Market Apocalypse!
Ron Paul: We Are On The Brink Of A Financial Cataclysmic Event ! We Will Have A Currency Crisis!
GEAB N°42 : Towards a Global Systemic Crisis of the World Economy!
Britain At Risk Of Worse Deficit Crisis Than Greece!
Charles Ortel: Risks of U.S. Default Are Very Real !
Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
Europe’s Exposure To ‘PIGS’ Problem!
Niall Ferguson: A Greek Crisis Is Coming To America!
Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse!
Spanish Intelligence Probing Debt “Attacks”!
Fears Rise of Euro Government Default !
Greece ‘Dress Rehearsal’ For U.S.!
20 Reasons Global Debt Time Bomb Explodes Soon!
John Mauldin: Greeks Bearing Gifts!
Niall Ferguson: Others Will Follow Greek Debt Tragedy!
Funds Flee Greece as Germany Warns of “Fatal” Eurozone Crisis!
- This coming collapse is no ordinary bust-up! The economic and financial collapse of America means world calamity. The whole world will be engulfed in economic darkness. Even Asia with its robust economies will not escape unscathed. It may suffer less but nevertheless it will suffer. When the Anglo-American empire tanks, I seriously doubt it will go quietly. Look at the numerous wars started by this empire. Look at the African war in Somalia that was started just this past few weeks.
- This monster will trigger a Third World War. This is what Iran is about. It will drag China and Russia into a conflict with the US-NATO alliance. The Illuminati bankster power will use this world war to destroy America, China, India, Pakistan …. middle east …Eastern Europe … These countries will no longer be a force any more in world affairs. Western Europe and Russia will suffer but alot less. These 2 powers will fight using other countries as proxies. At the end of this war, a new United Nations 2.0 will be offered up as a solution, ie: world government. This fascist world government will undoubtedly be controlled by the same Satanic blood lines that started this world war in the first place.
- Tim Gatto writes:
We are at a precipice. This is the end of one era and the beginning of another. The “real” world that so many people believe in, here in America is not the world you see on your TV sets, that is the world that the government and the media want you to believe in. We are so accustomed to believing in our own American ideology that we can’t understand the ramifications of what we have done. So many people in this country continue to believe that what we have done can’t be undone. This is the reason we have come to this point. We are not “invincible”. We are not “exceptional”. We must abide by the same financial tenants that rest of the world must obey. We cannot spend above our means. We cannot spend 1.4 Trillion dollars on the military and get nothing back. We cannot give trillions in fiat money to prop up the bankers and financiers on Wall Street.
The only ones benefiting from this spending spree America is going through are the families that own the banks that make up the Federal Reserve. Every fiat dollar that is printed, six cents ends up in the transnational banks of these families. We have mortgaged our own nation to the same people we fought the Revolutionary War against. To me, the worst President in the world was Woodrow Wilson. I hope he rots in hell. Like Obama, that man reneged on almost everything he said he stood for. He was pressured into the First World War, a war we should have stayed out of. He also let us become slaves of a Central Bank. Instead of printing our own money, we were now faced with printing money that included an automatic debt.
I believe that the only reason our government is waging these incessant wars and spending money that they don’t have is so that the rest of the countries in the world remain afraid to refuse to take dollars as payment for oil and other imports. The minute one nation refuses to accept dollars; there will be a cascade of other countries that will follow suit. That will trigger hyper-inflation and our dollar will be worthless. No more cheap imported oil. No more cheap electronics. No more spending on infrastructure. We won’t have a pot to piss in.
Undoubtedly the United States will launch a major war. Even they can’t understand that the petroleum to run the war machine has to be paid for. Ask the Japanese in WW2 how that worked out for them. We will be thrown into the same circumstances that the Soviet Union faced in the last great super-power meltdown. The break-up of the United States will be a huge probability. If you think that the families that own the Federal Reserve are going to bail us out, think again. They have seen empires come and go. No, they won’t back us up, they’ll just buy everything in this country in a huge fire sale with the money they made by putting us in debt.
This recent fiasco concerning health insurance really made me understand that most Americans have no idea what is really important. The minuscule amount of money compared to the defense budget and the bail-outs is not the important issue here. The selling out of our nation by Congress and the Executive Branch is the real problem. Giving away our nation’s treasure to financial insiders that produce nothing but debt and supporting military adventures that produce no lasting results is what is killing this nation. We can’t continue to go trillions of dollars in debt every year and continue to enjoy the standard of living that we enjoy in America. That day is coming to a close. Get used to it.
The other problem this nation faces is the timidity of the “Left”. It seems that the so-called left in this country can’t seem to get involved enough to speak out. Where are all the people that protested the Iraq War? Where is the outrage on this war for an oil pipeline in Afghanistan? The Taliban don’t want to attack the United States, they just want the “foreigners” out of their country. Afghanistan is funny like that; look at what they did to Alexander “The Great”. Let me tell Olbermann and Maddow and all the Daily Koster’s that Obama is not your friend. Supporting this so-called “progressive” is like the old socialists that supported Hitler. Hitler called himself a “socialist” but he was a Nazi. Obama may call himself a “Progressive” but he is a fascist. Most of our politicians are. Our government is in collusion with corporations that will ride this gravy train to the very end. Let the left stay quiet and when the toilet flushes on the United States, they can take it up with the tea-baggers or some other right wing coalition.
All I can say is that we had better start treating what is happening to this country with all the seriousness that we can muster. We don’t have much time; in fact, we may already be out of time. I am loath to write what I’m writing, but a friend reminded me that we must all continue to speak out. There is no place to hide. Maybe there are some of you out there that are listening.
Tim Gatto’s new book Complicity to Contempt is available at Amazon, Barnes and Noble, Abe’s and other fine bookstores now. Kimchee Days, A novel about an anti-aircraft Battery (reminiscent of M*A*S*H and CATCH-22) in Korea during the years 19690-1971 will be out soon.
- Do not believe the ‘don’t worry be happy’ propaganda of the MSM. The US is in a much deeper hole than Greece. Heck, just California alone is a bigger problem by a few orders of magnitude! Ferguson is correct in sounding the alarm.