There has been no shortage of distortions, disinformation, uninformed opinions and baseless media drivel about the massive smash of Gold and Silver paper 'spot' prices last Friday 4-12 and Monday 4-15.
To be absolutely clear about it, this huge RAID was deliberately and artificially engineered by The FED and the Treasury via their agents (the bullion banks, aka the Cartel) with official sanction, and was conducted on the 'virtual' paper bullion markets (being quite distinct from the physical bullion markets..in fact, no physical dealer was selling at these low manipulated paper prices. I tried. The premiums for the real bullion are now far greater than the paper 'spot' prices, if you can find a dealer who is not "sold out" and merely making sales on hopes of future supply/delivery.)
The regime of rehypothecation is dying (selling bullion you do not have five-times or even 10-times over). It's easy to sell paper Gold or Silver...as easy as printing paper greenbacks, until someone wants to redeem it for physical bullion that may no longer exist in the COMEX or LBMA systems.
- Then you get settling by fiat (think about the ABM default on is paper contracts a few weeks ago..they just said they would no longer deliver physical bullion, but would paper settle. Of course, thy were polite enough NOT to say "we can't deliver physical, because we don't have any physical...which might offend their clients.)
In a frantic effort to "buy a little more time" for the fake markets, the kleptocrats may actually have outsmarted themselves and accelerated their own demise.
Monday 22 April 2013
Epic., massive FRAUD from the top down.................................
From Theo Spark at 21:25
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