Does The Attack On Gold & Silver Signal An Imminent Bank Collapse
- Does The Attack On Gold Signal An Imminent Bank Collapse
by Dave Kranzler, http://investmentresearchdynamics.com/
Since August, the gold price managers – aka “the gold cartel” – have been regularly dumping a lot of paper gold onto the Comex when the Comex floor opens at 8:20 a.m. EST. It’s been their standard operating procedure for the better part of the last 15 years. The fact that the world’s largest gold buyer – China – is closed all week for a holiday observance takes away the biggest physical market bid for five trading days, making it easier to smash down the price of gold using fraudulent fiat paper gold.
It’s hard to ignore that the events in the financial and economic system unfolding now are not unlike the events that occurred prior to the 2008 “great financial collapse,” which was a de facto western banking system collapse. The U.S. and European economies are contracting, the housing market is beginning to crumble (see this – link – for instance), the auto market is headed south as auto loan defaults are headed north and it would appear that the middle class consumer is out of disposable income. There are plenty of other factors that make this time around much worse than 2008, but we’ll save discussion of those for another day.
It’s also hard to ignore “quacking” coming from Deutsche Bank. It would appear that DB is on the ropes financially. The incessantly repetitive denials of any problems coming from Central Bankers and the DB upper brass make the “quacking” even harder to ignore. If it looks, sounds and operates like a collapsing bank…well, it’s probably a collapsing bank.
There’s no doubt that the recent take-down of gold and silver – especially today’s – is inextricably connected to some sort of financial system disaster brewing. In today’s Shadow of Truth, we discuss the massive hit put on gold and reasons why it’s likely an operation implemented to prevent gold from alerting the public that a potentially catastrophic financial hurricane is swirling around “offshore.” After all, it is hurricane season.
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