GATA: Those Who Deny Gold / Silver Manipulation Won’t Answer Basic Questions

IRD Note: For nearly two decades, GATA has seized on Frank Veneroso’s original research which provided first-hand evidence that Central Banks were actively operating to suppress the gold and has presented direct evidence of precious metals manipulation. Beyond this, there are public admissions from Henry Kissinger and Alan Greenspan acknowledging this fact. Unfortunately, those who deny that gold/silver are manipulated have never offered any response to the direct proof that Central Banks intervene directly in gold trading. The article below presenting just the facts was published by GATA.
Newsletter writer Steve Saville of The Speculative Investor, who long has denied that manipulation of the monetary metals markets means much, has seized on the recent essay by Keith Weiner of Monetary Metals as the conclusive refutation of silver market analyst Ted Butler’s longstanding complaint that JPMorganChase has been rigging the silver market.
Weiner’s analysis, headlined ‘Thoughtful Disagreement with Ted Butler’ and posted here – LINK – argued that JPMorganChase is undertaking only ordinary arbitrage in the silver market, exploiting spreads between bid and ask prices.
Saville, in commentary headlined ‘A Silver Price-Suppression Theory Gets Debunked’ – LINK – cheers Weiner’s essay and goes on to remark: ‘Entering a debate with someone who is incapable of being swayed by evidence that invalidates his position is a waste of time and energy, so these days I devote no commentary space and minimal blog space to debunking the manipulation-centric gold and silver articles that regularly appear.’

This post was published at Investment Research Dynamics on October 9, 2017.

Former FOMC Member Admits The Fed Manipulates Asset Prices

The Fed often treats financial markets as a beast to be tamed, a cub to be coddled, or a market to be manipulated. It appears in thrall to financial markets, and financial markets are in thrall to the Fed, but only one will get the last word. – Former FOMC member, Kevin Warsh – The Fed Needs New Thinking
Please note, a large portion of the source links, plus the idea for this commentary, were sourced from GATA’s latest dispatch regarding the possible appointment of Warsh as the next Fed Chairman.
The quote above is from former FOMC board member, Kevin Warsh, who appears to be Trump’s top candidate to assume the Fed’s mantle of manipulation from Janet Yellen. By way of relevant reference, Warsh happens to be the son-in-law of Ronald Lauder, who is a good friend of Trump’s. He is also a former Steering Committee member of the Bilderberg Group. GATA has published a summary reprise of direct evidence from previous written admissions by Warsh the the Fed actively manages financial asset prices, ‘including bolstering the share price of public companies’ (from link above).
In addition to stocks, Warsh admitted in the same essay that, ‘The Fed seeks to fix interest rates and control foreign-exchange rates simultaneously’ (same link above). This task is impossible without suppressing the price of gold, something which began in earnest in 1974 when, under the direction of then Secretary of State, Henry Kissinger, paper gold futures contracts were introduced to the U. S. capital markets. This memo, written by the Deputy assistant Secretary of State for International Finance and Development, was sent to Kissinger and Paul Volcker in March 1974: Gold and the Monetary System: Potential U. S.-EC Conflict (note: the source-link is from GATA – it was discovered in the State Department archives by Goldmoney’s John Butler).

This post was published at Investment Research Dynamics on October 2, 2017.

Mutiny “For” The Bounty?

China recently announced they will trade oil for yuan ‘backed’ by gold. The story has gotten some press (none of it mainstream mind you), and many have questions as to what it really means. While quite complicated as a whole, when you break this down into pieces I believe it is a quite simple and logical end to Bretton Woods.
For a background, China has had an exchange open for about a year where gold can be purchased with yuan, though the volumes so far have been miniscule to this point. China has also been all over the world inking trade deals (in yuan) and investing in all sorts of resources from oil to gold to grains, they have made no secret about this. With the most recent example here. They have trade arrangements and treaties with Russia, Iran and many other non Western nations. They have also ‘courted’ many Western nations privately (remember their meeting with the King of Saudi Arabia?) and actually lured many with their ‘Silk Road’ plans via the AIIB which was huge news last year (but nearly forgotten by Americans at this point?). We also know China has been a huge importer of gold for the last 4-5 years and done so publicly via Shanghai receipts and deliveries.
So what exactly does ‘oil for yuan’ mean? In my opinion, China is basically leading a ‘mutiny FOR the bounty’ (we’ll explain this shortly). The only things holding the dollar up from outright death for many years has been the oil trade (and other trade commerce) between nations and settled in dollars. Anyone wanting to buy oil had to first buy dollars in order to pay for the trade. Anyone getting out of step and suggesting they would accept currency other than dollars was dealt with swiftly and harshly (think Saddam and Mohamar). In other words, the U. S. military ‘enforced’ the deal Henry Kissinger made with the Middle East (lead by Saudi Arabia) where ALL oil was settled in dollars. International trade settlement alone supported the dollar after the Nixon administration defaulted on its promise to exchange one ounce of gold for $35.

This post was published at JSMineSet on September 6th, 2017.

Chinese Leverage to Kill Petro-dollar

The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating.
The global currency reserve status for the USDollar is at severe heightened risk. It will not be deposed via financial markets, like with a bond market failure or a COMEX gold market default with bust. Such is folly to imagine as likely to occur. The Western bankers are expert at rigging the financial markets, one and all. Their central bank bond support has extended to stock market support, soon to corporate bond wide support also. The USGovt is hanging onto its power base in increased isolation. The assaults are on many flanks and platforms.
ESSENCE OF PETRO-DOLLAR
Its essence is the sale of crude oil universally in USDollar terms. Typically the payment form is the USTreasury Bill. The OPEC crew typically sock their surplus petro dollars in USTreasury Bonds. The sale proceeds never exit the USD form. The deal was struck in 1973 by the Rockefeller agent named Heinz Kissinger. It came in the wake of the abrogated Bretton Woods Gold Standard, which Nixon violated with force and audacity. In fact, the arrangement was suggested by the US side of the table. Nevermind that it was Rockefeller who hatched the idea of a tripled oil price, the exact opposite of what has been inscribed in the historical annals. The other little item in the Petro-Dollar defacto standard treaty is that the Saudis, along with the Gulf Arab neighbors, would buy USMilitary hardware exclusively. The USGovt would provide them with plenty of regional conflict. Over the four decades since, the Arabs have accumulated a few cool $trillion in USTBonds. The TIC Report on foreign bond assets is a gigantic fabrication. Most Saudi bond holdings have been hijacked and stolen, used as the core to the USDept Treasury’s vaunted Exchange Stabilization Fund. They will never see at least $3 trillion in sequestered bonds. A joke here, since the ESFund is the most secretive multi-$trillion fund in human history.

This post was published at GoldSeek on July 30, 2017.

Jackass’ Red Glare Upon The Petrodollar

For your holiday listening pleasure, Jim Willie returns for a comprehensive discussion of the petrodollar and how current events around the Arabian Peninsula are a sign of great distress for this monetary scheme.
Again, what is the “petrodollar”. The idea was championed by Henry Kissinger in 1973 as a way to create ongoing demand for US dollars by maintaining the pricing of crude oil in dollars only. The effects of this were two-fold:
To create constant demand for dollars…dollars which were now completely unhinged from any gold backing…and this demand would soak up any excess supply of new currency being printed in the US for military and social purposes. To force oil-exporting nations to keep their foreign currency reserves in dollars, thus creating an ongoing demand for US treasury bonds. This constant demand for bonds would help to keep interest rates…and thus the US debt service cost…unnaturally low.

This post was published at TF Metals Report By Turd Ferguson /July 3, 2017.

Summer Epocalypse Countdown: Trump Turmoil Takes Top Off Trump Rally

When financial Armageddon arrives, it can hit in a flash like a dangerous rogue wave – the kind that rises up when two big waves from different storms intersect and merge into a single wave big enough to capsize a ship. The global Wannacry warware attack and endless waves of Trump turbulence came together with just such damaging synergy last week, knocking the top off the Trump rally.
Black swans unite and strike stocks
On Wednesday of last week, the stock market fell 370 points because of all the turmoil Trump has been brewing – its worst day in eight months. Globally, equities lost almost a trillion dollars in a single day. Part of this was the political crisis in Brazil, and part was the Wannacry virus, but the biggest part nearly everyone agreed was the political crisis in the US that constantly embroils President Trump.
US equity funds saw $8.9 billion in outflows for the week up to Wednesdays’ close while European equity funds added one billion. US financial stocks took the brunt of the hit. Then the market recovered somewhat on Thursday and Friday, but more Trump turbulence took back a sizable piece of Friday’s attempted recovery.
Friday’s drop from its high point of the day hit immediately upon a double-whammy in the Washington Post and the New York Times, wherein thePost announced that a White House official is now a significant person of interest in the Russiagate scandal, and the NYT alleged via two anonymous (their new standard) government sources that Trump told the Russians at his meeting with the Russians and Kissinger that he had ‘just fired the head of the FBI; he was crazy, a real nut job,’ also telling them that doing so had taken off a lot of pressure that was on him because of Russia and that he was ‘not under investigation,’ as if not being under investigation resulted from the firing … in his opinion at the time.

This post was published at GoldSeek on 23 May 2017.

State Department memo explains U.S. policy to drive gold out of the financial system

A long memorandum written in March 1974 by a U.S. State Department official for Secretary of State Henry Kissinger and copied to future Federal Reserve Chairman Paul Volcker, then the Treasury Department’s undersecretary for monetary affairs, describes the desire of the United States and its options to prevent European countries from increasing the use of gold in the international financial system.
The memo, titled “Gold and the Monetary System: Potential U.S.-E.C. Conflict,” was recently discovered in the State Department archive by GoldMoney Vice President John Butler and brought to GATA’s attention this week by GoldMoney research chief Alasdair Macleod. It emphasizes the longstanding U.S. government policy of subverting gold as a reserve currency in favor of the Special Drawing Rights issued by the International Monetary Fund, an agency then and now largely controlled by the United States.
The memo’s author, Sidney Weintraub, deputy assistant secretary of state for international finance and development, wrote:
“To encourage and facilitate the eventual demonetization of gold, our position is to keep the present gold price, maintain the present Bretton Woods agreement ban against official gold purchases at above the official price, and encourage the gradual disposition of monetary gold through sales in the private market.”
“An alternative route to demonetization could involve a substitution of SDRs for gold with the IMF, with the latter selling the gold gradually on the private market, and allocating the profits on such sales either to the original gold holders or by other agreement.”

This post was published at GATA

The Plan Has Been Revealed And Everyone Needs To Brace For The Impact – Episode 1276b

The following video was published by X22Report on May 10, 2017
Trump fires Comey and the deep state is now in panic. After the firing of Comey Trump met with Lavrov and soon after Kissinger. Schumer is flip flopping all over the place because they are starting to realize they are in trouble. Trump has just warned McCasters not to cross him again. Duterte met with China to talk about joining the one belt, one road initiative. As the deep state is pushing for war, Trump was planning something else with China and North Korea. The world is about to get more chaotic than ever before, the collapse is headed our way, Trump signaled with the firing of Comey that he will not sit by anymore and the old way of doing business is over.

Tomorrow’s Ten-Baggers From Jay Taylor

Jay Taylor’s Gold Energy & Tech Stocks Newsletter has unearthed some huge winners lately. Here’s an excerpt from his weekly update that concludes with three top junior gold miners.
The Crack-up Boom Is Ending and That’s Very Bullish for Gold Straight out of the Ten Commandments was ‘Thou shalt not steal’! But massive robbery has been institutionalized by the petrodollar orchestrated by Kissinger after Nixon defaulted on the U. S. obligations under Bretton Woods. With that, the ruling elite pulled off the biggest heist by far in human history. By combining America’s military power with the petrodollar, not only did it enable the U. S. to rob the rest of the world with its fake currency – the dollar – it also paved the way for our eventual ruin. Like a drug addict that gets addicted to crack cocaine, the American Military Industrial Complex and other government entities became addicted to never-ending greater and greater government expenditures. But there is one problem with the fiat dollar and that is that it is itself a big fat lie. The dollar has no value. It is not backed by anything of value. In fact it is manufactured by debt and as such contains value only to the extent debts can be repaid.

This post was published at DollarCollapse on JANUARY 22, 2017.

Guest Post: “The Death of The Petrodollar and What Comes After”, by Grant Williams

Our friend Grant Williams is a Singapore-based hedge fund manager who writes the always-insightful newsletter, “Things That Make You Go Hmmm”. His latest effort is excerpted from his recent presentation at the Mines and Metal Conference in London and it is simply a MUST READ for everyone.
“The Death Of The Petrodollar and What Comes After”
by, Grant Williams
The story begins in the 1970s when Henry Kissinger and Richard Nixon struck a deal with the House of Saud – a deal which gave birth to the petrodollar system.
The terms were simple The Saudis agreed to ONLY accept U. S. Dollars in return for their oil and that they would reinvest their surplus dollars into U. S. treasuries.
In return, the U. S. would provide arms and a security guarantee to the Saudis who, it has to be said, were living in a pretty rough neighbourhood. As you can see, things went swimmingly (chart below)

Saudi purchases of treasuries grew along with the oil price and everyone was happy. (We’ll come back to that blue box on the right shortly)
The inverse correlation between the dollar and crude is just about as perfect as one could expect (until recently that is… but again, we’ll be back to that).
And, as you can see here, beginning when Nixon slammed the gold window shut on French fingers and picking up speed once the petrodollar system was ensconced, foreign buyers of U. S. debt grew exponentially.
Having the world’s most vital commodity exclusively priced in U. S. dollars meant everybody needed to hold large dollar reserves to pay for it and that meant a yuuuge bid for treasuries. It’s good to be the king.

This post was published at TF Metals Report on December 29, 2016.

The Trump Doctrine: A Work in Progress

The world is in a “frenzy of study,” Henry Kissinger said in a recent interview. At home and abroad, strategists and pundits are trying to piece together a blueprint of American foreign policy under US President-elect Donald Trump from a stream of tweets, some campaign slogans, a few eye-catching Cabinet picks, meetings at Trump Tower, and a pingpong match already underway with Beijing. Highbrow intellectualism can be a handicap in this exercise. Commentators among the Washington establishment have been quick to dismiss Trump’s foreign policy moves outright as erratic and self-serving over the past few weeks. In an op-ed entitled “Trump Failed His First Foreign Policy Test,” for instance, columnist David Ignatius admonished the president-elect for the “hot mess” his phone call with Taiwanese President Tsai Ing-wen precipitated. Trump makes people uncomfortable. It’s what he does best, in fact. But how this quality applies to foreign policy is a question that merits deeper exploration than knee-jerk displays of stricken disbelief. After all, as Kissinger noted in his Dec. 18 interview, “a president has to have some core convictions.”
So what are Trump’s? From what we can discern so far from his upbringing, the trajectory of his career and the profiles of those who have infiltrated his inner circle, Trump prizes business acumen and a “killer” instinct for managing affairs. He has enough corporate firepower in his Cabinet to fill the next Forbes’ list. By nominating ExxonMobil CEO Rex Tillerson as secretary of state, he has demonstrated his belief that tough deal-making – identifying sources of leverage and showing a willingness to use them – is the secret to running a country and presiding over the international system. Trump does not fear nationalism; he sees it as the natural and rightful path for every state, the United States included, to pursue in protecting its interests. He also seems to have internalized the idea that the United States is losing its competitiveness and that internationalist foreign policy is to blame. Finally, Trump apparently believes that US foreign policy has become too predictable and overwrought with diplomatic formality. Better to say it like it is and call out institutions and conventions that have outlived their usefulness.

This post was published at FinancialSense on 12/20/2016.

George Soros: Dystopia’s Minister of Truth

George Soros has become the master manipulator of US and Western politics manipulating media and political activity to further his own neoliberal and globalist agenda. In the process he is taking real meaning out of left wing politics, which are simply becoming an instrument Soros uses to advance his agenda, his hijacking of the Occupy Movement and his orchestration of the anti-Trump protests being cases in point.
Submitted by the author, first published by News Junkie Post
‘We live in interesting times when protesters act out the tantrum of a super-rich man who did not get his way despite all his money.’
Dady Chery
Eighty-six-year-old Hungarian-American, George Soros, is a very rich man. He currently ranks number 46 in the very exclusive club of richest persons in the world.
In 1947, as Hungary tilted to the Soviet Union block, he went to the United Kingdom to study economics. This early life experience made him not only an anti-communist but also a staunch anti-Russian who was always plotting his revenge against the Soviets.
Soros knew that to have any say in the capitalist order, one had to become filthy rich. At some point in his life, however, Mr. Soros decided that money only mattered if he could leverage it in influencing policies on a global scale. His role models for this aspect of his life were probably the two consiglieres extraordinaire of the United States empire, slightly older than him, who are Henry Kissinger and Zbigniew Brzezinski.
The three men shared common views on the threat of the so-called communist domino effect and later, once the Soviet Union had collapsed, became fervent champions of a global empire with its nervous system in Washington. In their sociopath vision of the world, a minute elite of wise men should have the planet as their oyster while, we, the worker bees slave away at their mercy.

This post was published at Lew Rockwell on November 26, 2016.

Trump’s First Foreign Policy Test: Syria, Russia, & The Stability Of Europe

Authored by Michael Cembalest, JPMorgan Chairman of Market and Investment Strategy,
For investors, one potential landmine is a dramatic change in Europe’s political landscape just as the continent is finally posting positive growth again. Why would anti-establishment parties be rising when its economy is improving?
At our JP Morgan Asset Management Global Investor Summit and International Council meetings in October, we discussed this issue at two client sessions, one with Condoleezza Rice and the other with Henry Kissinger. The charts below are a synopsis of those discussions. Like Harold Pinter’s play Betrayal, this story is best told backwards; starting with what’s happening now, and finding our way back to root causes.

This post was published at Zero Hedge on Nov 19, 2016.

Guest Post: The Human Stain

I shuddered when it was announced that Stanley Fisher was elevated to co-Chairman of the Fed. He is a wholly-corrupt representative of the neo-conservative movement that has enveloped this country. People who consider themselves ‘liberals’ and Democrats are unwittingly supporting a viper’s nest of necon totalitarianists. Hillary Clinton was the mad-bomber who helped orchestrate the Obama Government’s steamrolling over Libya and the Ukraine and the attempted steamrolling over Syria. When HRC is in the Oval Office, Stanley Fisher will be elevated to King of the Fed and it’s lights out for the middle class.
One of subscribers has written an excellent of summary of the one aspect of the political and economic drive toward totalitarianism in this country. Notice how he omits Bernanke and Yellen. They were mere dishrags for the people behind the scenes who are actively attempting to orchestrate the future of this country (Soros, Gates, Buffet, Rothschilds, Kissinger, etc):
I agree with you, the world’s move away from the fraudulent dollar is bigger than interest rates. My belief is that they are trying to buy two months. All they care about is winning the election, because they can loot like never before … literally trillions of dollars … as the sick, withdrawn witch is under constant medical care within the Imperial Bedroom at the WH.

This post was published at Investment Research Dynamics on August 24, 2016.

Moscow, Beijing, & Washington: A Complicated Triangle

The historical importance of relations between the United States, China and Russia has long been analyzed from the beginning of the Cold War. Often the tone of interactions has determined the global situation. Important information can undoubtedly be gleaned concerning current and future strategies by observing the direction in which the dynamic relations between Moscow, Beijing and Washington are headed.
For a good part of the Cold War the United States enjoyed a privileged situation that relied on a tempestuous relationship between Moscow and Beijing, especially from the end of the 1960’s until the collapse of the Soviet Union. Ideological differences, regional conflicts and territorial disputes spanning for decades allowed Washington to occupy the apex of this complicated triangular relationship. It was in this climate that Nixon’s memorable visit to China developed in 1972, preceded by months of diplomatic work done by Henry Kissinger. The primary objective of the visit, beyond the dispute over Taiwan and the beginning of a fruitful economic cooperation, was to negotiate an agreement and align strategies against the Soviet Union. To date, there is no unique reason that can explain the collapse of the Soviet Union. But certainly the unenviable position of Moscow, subjected to the combined external pressures of Beijing and Washington, did little to help.

This post was published at Zero Hedge on Aug 8, 2016.

Gold And Silver – NWO-Created Tragedies Will Never End. Seek Truth.

Nice, France weighs heavily and brings home the point, tomorrow is promised to no one.
The tragic mass-killing of Bastille Day celebrants in Nice, France may not have been a planned terrorist attack, but its consequences are no less extremely sad and equally infuriating. We heard about comments made from neighbors of the truck driver that he was not that religious, was undergoing a divorce and was not handling it very well and apparently snapped.
It matters not if that explanation makes sense in the wake of a senseless act of running over a hundred or so people, killing around 84, including children. The man was shot dead by police, so little else will ever be directly known from the Tunisian known mostly for petty criminal acts but no known terrorist affiliations.
Blame rests with the United States, indirectly, and more directly with the shadow globalists that runs US war-creating actions around the globe. Decades ago, US neocons plotted to destabilize the Middle East. Concurrently, it was the US that conspired to create the European Union and destroy European national sovereignty. The globalists plans for a New World Order, using the template of creating massive domestic and worldProblems, watching the anticipated Reactions of the masses, and introducing their desired outcome in the form of Solutions, and the final Solutions were always for their benefit and always entailed loss of freedoms for individuals and sovereign nations.
The world has to deal with people like Kissinger and Soros. Highly visible proponents of the NWO, Soros in particular using his ill-gotten wealth to subsidize many organizations that are created to disrupt societies around the world using his nonprofit Open Society Foundations. We keep saying to always follow the money. In our opinion, Soros is one of the leading sources that targets and funds groups that create fractionalizing elements all around the globe to create distractions and polarization. Kissinger uses his political might to further the NWO agenda in no less a dangerously and fractionalizing manner.

This post was published at Edge Trader Plus on July 16, 2016.

Watch As The World’s Most Powerful People Arrive At The 2016 Bilderberg Meeting

As reported previously, starting today politicians, bankers, influential leaders, chiefs of major global businesses, even actors and pundits will meet at the 64th Bilderberg meeting, set to take place over the next three days at the Taschenbergpalais Hotel in Dresden, Germany, where the official agenda will be quite different from what will really be discussed (read this for a full breakdown).
Former US Secretary of State Henry Kissinger is set to rub shoulders with disgraced ex-CIA (and current KKR director) Director David H. Petraeus, Philip M. Breedlove, former Supreme Allied Commander Europe, Dutch Prime Minister Mark Rutte, Belgian Prime Minister Charles Michel, ex-British MI6 chief John Sawers and IMF boss Christine Lagarde at the
The conference, surrounded by tight hundreds of heavily armed guards and concrete blocks, is notoriously secretive in its discussions which take place under Chatham House rules (nothing can be revealed), and regularly attracts demonstrations against what critics describe as a global meeting of western capitalists, politicians and academics who wield great power behind the scenes.
No journalists are allowed to report on proceedings, however it will be attended by Richard Engel, chief Foreign Correspondent, NBC News, John Micklethwait, Editor-in-Chief, Bloomberg LP and Zanny Minton Beddoes, Editor-in-Chief of The Economist, which is owned by Rothschild, a name which figures intimately in all Bilderberg events.
Other visitors are certainly not welcome at the premises:
#Bilderberg Sends Threatening Eviction Notice To @infowars Reporters – pic.twitter.com/ibnIgQbzPQ
— Alex Jones (@RealAlexJones) June 8, 2016

This post was published at Zero Hedge by Tyler Durden – Jun 9, 2016.

Central Banks Need a Higher Gold Price : Hello GATA

A friend sent me some comments from Chris Powell over at GATA (headquarters for the gold manipulation crowd) writing about the possibility of a change in the thinking of the Central Banks in regards to the gold price.
Here is the pertinent part of Chris’s comments:
‘…the consensus policy of central banks in regard to gold has changed recently – that they now want gold rising again, most likely to assist in the devaluation of their currencies, particularly now the U. S. dollar, as well as devaluation of the world’s debt, and that the huge short positions of the banks in the futures markets are actually central bank positions that must continue to increase even to unprecedented levels to keep this devaluation ‘orderly,’ to use a favorite term of central banking. (Really, who else but institutions that are authorized to create infinite money and that hold large gold reserves could accept the risk of such shorting?)
This would mean that …far from considering a sharply higher gold price to be the end of the world, central banks consider a sharply higher gold price – at least if it can be accomplished in an ‘orderly’ way – the prerequisite of worldwide debt relief, their own reliquefication, and the maintenance of their power, gold remaining, as the assistant undersecretary of state for economic and business affairs, Thomas O. Enders, explained to Secretary of State Henry Kissinger in April 1974, the supreme ‘reserve-creating instrument’ of governments, the ultimate money, the form of money that underwrites all other forms of money, the form of money whose valuation is control of the world:
To Chris and Bill over at GATA, I can only say: ‘Welcome to my world. What took you so long?’
I had been saying for some time that the Fed was NOT BEHIND weakness in the gold price ever since the Dollar embarked on its bull run back in 2014. Remember, back during the time frame when I actually subscribed to GATA’s views, the US Dollar was sinking off the charts and was threatening to fall below the 72 level on the USDX. A soaring gold price at that time was a harbinger of inflationary pressures tied to a weakening currency and at that time, AND ONLY AT THAT TIME, did the idea that our Fed would be interested in slowing down any rise in the gold price make sense. After all, a gold price rip roaring to the upside was a most definite sign that investors were losing confidence in the US Dollar.
However, and this is where I parted company with GATA, once the US Dollar began to strengthen and particularly when it was confirmed from a technical chart perspective, that the US Dollar had entered a bull market, there was no longer any fear whatsoever of investor concerns towards the Dollar. As a matter of historical FACT, the main concern of the Fed then shifted to an EXCESSIVELY STRONG DOLLAR.

This post was published at Trader Dan on May 2, 2016.

Gold And Silver – Fallacy Of East v West And Price Of PMs.

The ongoing draining of gold from West to East is not a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, it is only the players that are changing: China, Russia, replacing US, UK/EU.
Take Putin, aka Russia, for example. He has had a long-term association with Heinz [Henry] Kissinger, a higher-tiered ‘gofer’ for the global elites. They met again in early February, when Putin welcomed globalist-NWO-agenda-pusher Kissinger as an ‘old friend, ‘ referring to him as a ‘world class politician.’ Putin embracing a globalist is no accident.
This, in and of itself, reveals how very much Russia now plays an integral role with the elites; not directly, and not as a part of the inside clique, but more as a renegade force that cannot, by the globalists, and will not, by Putin, be denied a place in the forward moving New World Order [NWO].
Says Kissinger, Russia is viewed as ‘an indispensable component of the international order.’ Further, ‘Russia should be perceived as an essential element of any new global equilibrium.’
Kissinger was a leading part of a group that met regularly from 2007-2009 that included high-level officials and military leaders from both sides ‘to overcome crises and exploreprinciples of world order. The US ‘visualized the expansion of an international systemgoverned essentially by legal rules.’
One must be keenly aware of the careful choice of words at this high level of diplomatic interaction.

This post was published at Edge Trader Plus on April 9, 2016.

Why The Government Hates Gold

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. – Ayn Rand, ‘Atlas Shrugged’
I don’t know about anyone else, but I find it ironic that Alan Greenspan, the guy who inflated the fiat currency and debt bubble – the Great U. S. Ponzi Scheme, was a disciple of Ayn Rand before Henry Kissinger got ahold of him and turned him inside-out.
I wanted to post an article that I read back in 2007 which shed even more light on the truth about what was unfolding economically in the United States:
There are few things that federal big spenders hate more than gold. Why? Because they know that, historically, gold has provided the best means by which people could protect themselves against the ravages of a rapidly depreciating currency.

This post was published at Investment Research Dynamics on December 30, 2015.