American Financial Markets Have No Relationship To Reality — Paul Craig Roberts and Dave Kranzler
The title is something we have been saying for a while on this show, especially Chris Temple.
This post looks into the leasing out of gold and the use of naked shorts to keep the gold price suppressed. If the gold price were to move freely based on supply and demand there is not question that it would skyrocket. The issue is the central banks and governments have figured out ways to make 1 oz of gold into multiple ounces that can be traded. Is this just the new investing paradigm we are in for gold? Probably as long as the central banks have control of the markets…
Bob said manipulation is meaningless not there is no manipulation. He does not care. I think there is big difference.
True, he said that, after overwhelming evidence.
I also remember him saying manipulation is meaningless.
I guess you maybe right. I have vague impression he believed like that long time ago.
But I believe it is MEANINGFUL. A lof of people were forced out because they could not take the loss not because they do not believe in gold. Also if gold is a lot higher, people will be more interested so they can protect themselves from financial repression.
I guess OCR’s assertion about the relation between yen and gold explained why gold followed yen down. It is to make gold not increasing in yen term so people of japan will buy dollar instead of gold. This is sickening. This is definitely on the government level. Japanese officials should be tried for treason and US government uses gold from many countries to achieve the gold suppression. There will never be an audit of Fort Knox and fed I guess.
Interesting analogy
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
The manipulation of all markets by the US and their cronies is about as meaningless as the Viet Nam war was.
End of credibility.
Great analogy Chartster and so funny yet seems to have a ring of truth!!!
I thought it was interesting when I read this that PCR feels the evidence of manipulation of the gold price is conclusive.
Interesting Bob Moriarity disagrees with PCR.
I wonder if the results will like the “held under beach ball” or we move to digital currencies.