Author: gork

Thank You Jamie Dimon for Illegally Smashing the Gold Price Again   [Copy link] 中文

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Post time 2013-7-1 08:13:49 |Display all floors
gork Post time: 2013-6-30 18:16
Thank You Supermarkets For Illegally Holding Prices Steady

STATE PROPAGANDIST

They say,  fungshui master can lie to you for 8 to 10 years.

I say to you, gold salesmen also do the same.
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Glod Medal

Post time 2013-7-1 08:21:01 |Display all floors
Never Let Anyone Outside The Family Know What You're Thinking.

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Post time 2013-7-1 13:56:45 |Display all floors
the DEBATE goes

Master GORK Vs. Master REVOLUTION
Gold as BACK UP global Forex currency Vs. Trusting the USA with US$ as the only global Forex Currency.

WAR of the WORLDS episodes continues.......

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Post time 2013-7-1 22:52:48 |Display all floors
greendragon Post time: 2013-7-1 13:56
the DEBATE goes

Master GORK Vs. Master REVOLUTION

The debate is over in 1971 when gold was drop from currency linkage and the world has never looked back since.

They say the Jedi returns but gold will never return.
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2013-7-4 02:35:48 |Display all floors
Imminent Implosion Refuted

Here's another lie that seems to be making the rounds at the moment. There's the claim that central banks don't print money, only commercial banks do. Usually, no explanation accompanies this lie, though I've heard one liar claim that the central bank is only forced to print money at the demand of the commercial banks, so that the printing STARTS from the commercial banks. This is a roundabout way of saying the same thing. The run on the dollar and the gold rush are signs of imminent implosion as the most ridiculous farce in all of history. Hence the tsunami of lies and B.S. Bernanke's taper speech with the banksters providing the "special effects" in the markets in support of B.S. Bernanke's BS.

Well, at least these liars are admitting that the commercial banks operate the fractional reserve scam. But money printing is actually started by the central bank which prints money out of thin air, usually to buy government bonds, but with the B.S. Bernanke administration, just about anything. This is monetisation of debt which is what Weimar Germany did. The only difference is that the FED buys from the commercial banks rather than the US Treasury directly, which it is banned by law from doing. With over $1trn of US Treasuries (also printed out of thin air) being issued, the FED is monetising most of them with the $85bn a month because as it buys MBS from the commercial banks, they, in turn, buy US Treasuries. The UK is almost as bad, buying about two thirds of all the gilts issued.

What you learn from these liars, is that they don't want to admit that they're monetising the debt and they fear a hyperinflationary run on the currency. The UK's Mervyn King, for example, preferred to call it "credit easing"; total BS. Whereas the unlent reserves increased from $35m to $525m in the supposedly deflationary Great Depression, it has exploded from $2bn to $2,900bn today. Those reserves WILL be lent out on a fractional reserve, money multiplier basis, which is why Basel rules have increased the reserve requirement from NOTHING to 3%, limiting the inflation of broad money to a "mere" 300% before the reserve requirement is, no doubt, relaxed in years to come. It's also why banks have been nationaliseed such as the UK's Lloyds, Halifax, in order to seize control. Yet, the UK is so desperate for business in its bankster sector that it has INFINITE rehypothecation, better known as collateral fraud. The UK taxsucker is on the hook for any banks that implode, whilst the banks are blocked from moving abroad because no one would want all those liabilities. Once again, the UK has leveraged its only feature: crapiness. This highlights that Basel is not about soundness of banks but about limiting the inflation. So desperate is imminent implosion of the amerikan bankster system, that India's All India Gems and Jewellery Trade Federation has banned all its members from selling gold. This is like a butcher no longer selling beef.

With the smashdown of gold, all the propaganda rags feature it in much the same way that they were muted during the 12 year bull run so far. The state-run BBC will probably do it's usual dirty trick of having it's  gold-below-$1200 article on its website for many months. Gold is how you protect yourself from the hyperinflation. Shares, which generally perform well under inflation, perform badly under a hyperinflation as businesses are unable to cope with the volatility in prices. Buy Physical gold and ONLY physical. Gerald Celente had his cash thieved as he was in the process of getting out of paper, when Jamie Dimon thieved MF Global funds.
Compounding is the magic ingredient.

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Post time 2013-7-4 12:16:28 |Display all floors
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Post time 2013-7-6 00:37:32 |Display all floors
Bankrupt, Insolvent, Desperate and Institutionally Corrupt

The ETF sell-off is obvious price manipulation; supposedly illegal. This is not just because the amounts are so large that it must involve collusion and/or violation of position limits, but also the timing.

ETF holdings continued to rise in the second half of 2012 even as the price of gold moderated, so the banksters began to sell off ETFs too. Whereas the gold price reached a peak in October, the ETF holdings peaked at the end of the year. This highlights the illegal manipulation as supposed buying by the ETFs did not affect the price.

Similarly, the UK's unlent reserves show a large rise from the beginning of QE from £40.758bn to £152.083bn in just four months at the end of Jul09. But then the amount gradually falls back because the price of gold took off, hitting a nadir as the gold price reached its all time high. However, the US unlent reserves have risen inexorably, seeing only a slump 1Q10 and just a slight dip as gold hit its all time peak.

Only when the corrupt CME repeatedly raised margins on silver and then gold and Jamie Dimon thieved assets at MFGlobal and PFG Best, whilst closing the positions of his victims, was the UK able to continue ramping up unlent reserves to a new peak of £281.259bn at the end of Nov12. The correlation is clear and it is the hyperinflationary run on the currency which restrains the QE debt-monetisation.

Currently ETF sell-offs are not happening in one fell swoop. Instead, the banksters are using a herding action, gradually selling off ETF holdings in the same way the corrupt ratings agencies gradually lowered ratings for eurozone sovereign debt.

Retail investors should fear confiscation. The Wild, Wild West is so corrupt that they've generated massive, unpayable liabilities. That alone is fraudulent and criminal and they're now thieving their way out of debt, having thieved their way into debt.

The fear of hyperinflation is also credible with attempts to deter outflows of funds abroad. For example: After conducting the biggest cover-up of one of the biggest frauds in the country's history, the former bosses of the cameras giant Olympus managed to walk free from the Tokyo court yesterday morning. This despite the fact that they pleaded guilty, and despite justifiable demands from the prosecution that they serve up to five years' jail.
- Jim Armitage: It took a Brit to lay bare the state of Japan, but then its elite failed the test

This is similar to the scottish authorities releasing the convicted bomber, al-Magrahi, on "humanitarian" grounds. It was because he was innocent.

Conspicuous by its absence is any detail of the supposed fraud at Olympus. All you get is: Michael Woodford, the British whistleblower chief executive who discovered that his boardroom colleagues were covering up a cancerous $1.7bn (£1.1bn) fraud. . .

So what WAS this "fraud". Yep! It's similar to Gerald Schatten's "whistle-blowing" of Professor Hwang Woo-Suk using his own research assistants for biological samples; a non-crime. Or Irv Miller's "whistle-blowing" email saying, "we should come clean" about the pedal faults in Toyota cars which turned out to be completely bogus but which featured on CNN's Quest Means Business, day after day after day. Notably, Toyota's chairman had already announced that Japan should give the amerikan krudmobile industry a break. Olympus had invested in assets seemingly to deliberately generate losses. In other words, it was tax avoidance (legal) rather than tax evasion (illegal). In other words, the amerikan economy is SO FREAKIN' bankrupt, insolvent, desperate and institutionally corrupt that the police are robbing the inmates by seizing any large sums of cash under the bogus War on Drugs.

Similarly, prior to Ed Snowden's revelations, Huawei and ZTE were attacked because the Great Satan can't afford to import anymore, even as they admit there is no evidence to back up their claims (and despite the Echelon spying network, Stellar Wind, the US ban on strong encryption and Microsoft's NSA backdoor on your computer plus the UK's contrived Levenson Enquiry). They did the same with plaster board, admitting their own labs. found no evidence of corrosive gases being emitted from chinese imports but the corrupt judges awarding damages which could not be claimed because he had no jurisidiction.

Other attempts to avoid capital outflows from the US are the TSA gropers blocking all the exits, Japan announcing two years ahead that it would double its monetary base, propaganda about a "slowdown" in China and now Mario Draghi adopting the same "extended period" term.

The UK is similarly, bankrupt, insolvent, desperate and institutionally corrupt: However, it said suppliers complained the bidding process was "difficult and complicated" and that the process favoured large companies with secure revenue streams.

By early 2013 only BT and Fujitsu were left in the running, and in March Fujitsu dropped out after it said various factors had made winning the work unattractive.

- UK rural broadband roll-out criticised by auditors, state-run BBC

So corrupt is the US and UK that giving your savings to a bankster (someone you don't know from Adam and who is drawn to the finance sector by greed) is just advertising your stupidity. As Mark Twain said 100 years ago, you should be concerned about the return OF your money rather than the return ON it, which is why you need physical gold and why you should ignore the price. As ever, with the profits having been privatised, the debts will be socialised and they WILL co-opt you into what Adair Turner referred to as "socially useful" confiscation.
Compounding is the magic ingredient.

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