The world’s most powerful bank issues a major warning

In 1869, a 48-year old Jewish immigrant from the tiny village of Trappstadt in Germany’s Bavaria region hung a shingle outside of his small office in lower Manhattan to officially launch his new business.
His name was Marcus Goldman, and the business he started, what’s now known as Goldman Sachs, has become the preeminent investment bank in the world with nearly $1 trillion in assets.
They didn’t get there by winning any popularity contests.
Goldman Sachs has been at the heart of nearly every major banking scandal in recent history.
The company has settled lawsuits on countless charges, ranging from exchange rate manipulation, stock price manipulation, demanding bribes from their own clients, front-running retail customers, and just about every shady business practice that would put money in their pockets.
Yet throughout it all, Goldman Sachs has been protected from any serious punishment by its friends in highest offices of government.

This post was published at Sovereign Man on Santiago, Chile.

Wyoming’s Money Grab Against VW Dismissed

A Federal Judge Breyer ruled against Wyoming and in favor of Volkswagen (VW) dismissing the claim that because of VW’s manipulation of diesel emissions, they caused environmental damage and should pay damages to the State in addition to individual car owners. Judge Breyer stated that despite the fact that VW was indeed responsible for manipulation. However, since these were carried out during the production of the diesel cars, the Congress had decided that the EPA, rather than the individual federal states, was in the best position to deal with damage regulations.

This post was published at Armstrong Economics on Sep 5, 2017.

A2A with Chris Powell of GATA

Chris Powell and Bill Murphy formed the Gold Anti-Trust Action Committee in 1998 and they’ve been stalwart allies in the fight against gold price suppression and manipulation ever since. What a pleasure it was today to get caught up with Chris and get his thoughts on the current state of the global market for gold.
As you listen, you’ll quickly be reminded that Chris is still one of the most informed and well-spoken advocates for our cause. Over the course of this webinar, he addresses a number of current issues including:
the most important lesson he’s learned in the 20 years he’s followed the gold market the strange occurrence of SecTreas Mnuchin visiting Ft Knox and the equally strange television interview of Terry Duffy, the CEO of the CME Group whether the US government would financially benefit from revaluing the price of gold how physical demand will paly a role in finally ending the tyranny of the central banks and bullion banks and much, much more!

This post was published at TF Metals Report on Thursday, August 31, 2017.

SHOCKING COMMENTS BY TRUMP, STOCK MARKET UNAFFECTED | Rob Kirby

The following video was published by SilverDoctors on Aug 9, 2017
Rob Kirby returns to Silver Doctors to discuss recent geopolitical tensions. He says we’re “redlining” right now, but markets are practically unaffected. The U. S. Treasury acting in conjunction with the Federal Reserve is manipulating the markets, Kirby says. Why are so many oblivious to this manipulation? “Most people are not going to complain about a stock market that is higher than it should be.”
But one market that is not manipulated is Bitcoin – and Bitcoin recently broke above $3000. “The cryptocurrencies are showing us what precious metals should be doing, and would be doing, if they were in a free market,” Kirby says.

DIGITAL TYRANNY: Google and Facebook’s Automated Censorship Program (I Hope You Can Speak Chinese)

21st Century Wire says…
Based on their own reports and public statements, it was clear that both Google and Facebook, and others, were engaged in formulating a wide program of censorship in order to ‘tackle’ what the corporations deem as ‘offensive speech’ or ‘hate speech’. Although based on the political biases of members of these corporations, the actual administration of this will be done by fully hidden and unaccountable automated computer algorithms.
According to new reports, the new method are not merely the manipulation of metrics used to downplay content. These are incredibly clandestine and very sinister measures: without visibly shutting down an account, this new automated censorship process will simply make an account holder’s posts invisible to their friends, fans and followers, in what Google/YouTube is calling ‘a limited state’ in order to ‘isolate and contain’ a targeted user – even if they have NOT violated the user terms of services. This is designed not only to ‘disappear’ important opinions and information – but also to frustrate users, in the hopes that they will eventually abandon the platform as a viable content distribution network.

This post was published at 21st Century Wire on AUGUST 6, 2017.

Our Brave New ”’Markets”’

One thing is clear: These aren’t your daddy’s markets anymore.
Why? Because about 10 years ago the Rise of the Machines (aka high frequency trading algorithms) completely altered the terrain of what we call the ‘capital markets.’
Let’s look at this as a before and after story.
Before the machines, markets were a place that humans with roughly equal information and reflexes set the prices of financial assets by buying and selling. Fundamentals mattered.
After the machines took over, markets became dominated — in terms of volume, liquidity and pricing — by machines that operate in time frames of a millionth of a second. The machines and their algorithms use remorseless routines and trickery — quote stuffing, spoofing, price manipulations — to ‘get their way.’
Fundamentals no longer matter; only endless central bank-supplied liquidity does. Because such machines and their coders are very expensive and require a lot of funding.
The various financial markets are so distorted that I first resorted to putting that word in quotes – ‘markets’ – to signify that they are not at all the same as in the past. In recent years I’ve taken to putting double quote marks – ”markets” – in attempt to drive home their gross distortion. Not only are todays ”markets” something the human traders of a generation ago would fail to recognize, they’re no longer a place where human actions of any sort have much of a remaining role.

This post was published at PeakProsperity on Friday, July 28, 2017.

Against Irredeemable Paper – Precious Metals Supply and Demand

The Antidote
Something needs to be said. We are against the existence of irredeemable paper currency, central banking and central planning, cronyism, socialized losses and privatized gains, counterfeit credit, wealth transfers and bailouts, and welfare both corporate and personal.
When we write to debunk the conspiracy theories that say manipulation is keeping gold from hitting $5,000 (one speaker here at Freedom Fest claimed gold will go to $65,000), we are not trying to defend the Fed. When we discuss the flaws in predicting that kind of price, and the error in expecting to profit from it, we are not expressing a pro irredeemable dollar view.
We are saying there are good arguments against the regime of irredeemable paper currency – but this is not one of them. Irredeemable currency has two fatal flaws. One is the interest rate is unhinged.
It can skyrocket as it did from the end of WWII through 1980, or collapse as it has been doing since then. Two is there is no extinguisher of debt. Debt grows – must necessarily grow – exponentially. As it has been doing for many decades.

This post was published at Acting-Man on July 25, 2017.

Who Is Most Likely To Lie On Their Loan Application: A Surprising Answer From UBS

According to conventional wisdom, or at least logic, the less income one has the more likely they would be to lie on a loan application due to disproportionate and non-scaled needs to obtain capital as well as the willingness – statistically speaking – to do so at any cost, even if it means lying. And while that would have been accurate 6 months ago, the latest quarterly UBS Evidence Lab survey of consumer credit reveals something surprising.
As UBS’ Matthew Mish writes, “the manipulation of risk estimates appears to be continuing for non-mortgage consumer loans. Specifically 26% of respondents (vs 25% in Q1) describe the factual accuracy of their loan applications (student, auto or card) as inaccurate.”
Translation: while the overall percentage of potential “cheating” borrowers is increasing, the chart below shows the unexpected finding is that while the proportion of those making $40-$99K in June responding their loan applications were inaccurate declined from March 31 to June 30, the percentage of respondents in the $100K and higher bucket spiked from 20% to 24%, which means that the wealthiest Americans are – as of this moment – as likely to lie on their loan applications as those making as little as $40K. Just as disturbing is that the incidence of lying on loan applications among the “richest” bucket Americans has jumped by far the most YTD, from 17% at the start of the year to 24% currently.

This post was published at Zero Hedge on Jul 18, 2017.

Dollar Continues Fall While Metals Offer Ratio Plays | Golden Rule Radio

The following video was published by McAlvany Financial on Jul 13, 2017
This week we talk about how the Dollar continues to fall, and we’ll discuss the recent bear raid on Silver. We look at gold, Platinum, Palladium price movements this last week and emphasize the importance of Ratio Trade opportunities. Janet Yellen of the FED believes we won’t see another Financial Crisis in our lifetime….. Is that even possible and what levels of manipulation are the FED willing to take. Thanks for listening to Golden Rule Radio our weekly precious metals update. Be sure to subscribe for more.

The Gold Industry is in a Massive State of Dysfunction, Delusion and Denial

In 1980, the Financial Deep State realized that there existed an extraordinary opportunity for serial plunder and profiteering: the manipulation of the gold and silver markets. They immediately mobilized to exploit it.
During the subsequent 37+ years (we are now well into the 38th), the Deep State manipulators have criminally looted the gold and silver markets, pocketing astronomical profits for themselves in the process, all of which have come from real victims on the other sides of their fraudulent trades. While literally billions of people worldwide have been financially damaged by this crime, many of them severely, not one of the perpetrators has spent so much as ten seconds in jail for the global looting spree they have conducted. This is because precious metals price fraud is a state-sponsored crime.
While in this article we will concentrate on gold from here on, the exact dynamics we describe also apply to silver. The only difference between the two is that the price carnage in silver has been far worse than it has been in gold, on a percentage basis.
As a consequence of the unrelenting gold price manipulation, gold has been thrust into two severe bear markets that have lasted for more than 27 of the past 37 years, or more than 72% of the time.

This post was published at GoldSeek on July 11, 2017.

THIS TRAIT SHARED IN COMMON BY INTERNET TROLLS AND POLITICIANS IS WHY WE CAN’T HAVE NICE THINGS

Sport to some, digital bullying to others – whether you abide online trolling or find the inflammatory, sometimes cruel, practice repulsive – the Internet’s myriad disparate troll armies are apparently here to stay.
Seeding malcontent, disputation, division, needless provocation, and, often, chaos, trolls merit their characterization by the hordes as the bane of the Internet.
But, upon examining the psychology of these ruthless keyboard provocateurs, their likely detriment to civil discourse – already evinced in the mimicry of youth – sounds a warning not to be ignored.
Trolls, researchers found, possess a worrisome psychologic profile, laced with psychopathy and sadism, as well as a dearth in empathy – all of which they employ in online manipulation to sow mayhem, an ultimate reward for their mischief.
Researchers at Federation University in Australia queried 415 participants, approximately two-thirds of them female, with a median age of 23, to determine their levels of psychopathy, sadism, and empathy – such as gauging trolls’ agreement with the statement, ‘People would enjoy hurting others if they gave it a go.’

This post was published at The Daily Sheeple on JULY 10, 2017.

When It Shows Up in Economic Releases, This Data Will Push Fed to Tighten Fast

The other day we explored Federal Withholding Tax collections that suggested that the US economy is beginning to overheat. Data on other tax collections in June from the US Daily Treasury Statement also is leaning that way. It takes a month or two for the economic data to catch up with the reality of what is happening in real time.
The tax collections data has no lag. It tells us what is going on in real time, with no manipulation whatsoever. We merely need to track it to know what’s coming in the lagging economic data reports. That gives us an edge enabling us to stay ahead of the crowd to take advantage of, or protect ourselves from, what’s coming.
In this case, strong economic data will encourage the Fed to begin its promised course of balance sheet reductions. That will be a real tightening, as opposed to the sham tightening of increasing the interest the Fed pays the bank on the excess reserves at the Fed.
Jim Rickards refers to this coming balance sheet reduction as Quantitative Tightening. I think that’s an apt monicker. Just as Quantitative Easing, QE, or money printing, pumped money into the markets and drove the asset bubbles that are still raging today (see yesterday’s price data on new home sales), QT will drain money from the markets and starve those bubbles.

This post was published at Wall Street Examiner on July 10, 2017.

Gold Bear Raid & Stock Market Alarm Bells Sounding – Are You Prepared? Golden Rule Radio

The following video was published by McAlvany Financial on Jun 29, 2017
This week we discuss the importance of listening to the alarm bells sounding regarding the Stock Market. These patterns of Divergence in the DOW Jones Industrial in the past have led to significant corrections and prudent investors need to be ahead of the curve. We’ll cover the Gold manipulation bear raid that occurred this last week, as well as the price movements of Silver, Platinum, Palladium, The US Dollar Index & the Dow Transports. The Dow Transports are starting to lag the Industrials another signal of instability and a pending correction for the stock market. Thanks for listening to this week Golden Rule Radio

Another flash crash in gold — engineered, or fat finger? Quick recovery :: Lawrie Williams

56 tonnes of paper gold sold in one minute in the markets at precisely 9 am London time. My colleague Ross Norman puts it down as most likely due to – as he puts it – as bearing ‘the hallmarks of a fat finger ‘Muppet’ – a trade of 18,149 ounces would be a very typical trade, but a trade of 18,149 lots of a futures contract (which is 100 times bigger) would not be… it leaves us wondering if a junior had got confused between ‘ounces’ and ‘lots’.
Personally I take a more cynical view as this being very much an engineered trade designed precisely to knock the gold price, and other precious metals, down sharply just as they seemed set to take off on an upwards path again. This seems to happen too often with gold, it has happened before – again just when the yellow metal seemed to have shrugged off adverse news and events and shown some strength regardless. If this is the case, the volume of presumably fictional paper gold on this occasion would have seemed sufficient to drive the metal price down towards some kind of death spiral. In the event it knocked the price back around $20 only before the price began to recover again.
By today, the gold price had recovered in overnight trade – presumably led by Shanghai – back to the $1,250 level so it looks like any engineered crash has failed in the attempt to make a long-term dent in the gold price. That has to be gold positive in the days and months ahead. Gold has survived the latest Fed rate increase and more hawkish statements as well as what looks to be a huge attempt at manipulation by a massive paper gold sale, almost unscathed.
Silver has recently been behind in its attempts to match gold’s increases – and is altogether more vulnerable given the relatively small size of the market compared with gold. The gold:silver ratio is sitting stubbornly a little above 75 which is seen as a buying level as the writer remains convinced that the ratio will reduce to 70 or below – the target for the year is 65.

This post was published at Sharps Pixley