The FED admits to manipulating gold prices:
“The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about.
The disclosure, GATA says, contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very much involved in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally.” [Source: Gold Anti-Trust Action Committee Inc. (GATA)]
Proof of the above is in the following spot gold chart. Make note of the sudden price drops which, based on my own research and that of many others, is the direct result of price manipulations through JP Morgan and Goldman Sachs on behalf of their boss, the private Federal Reserve Bank:
Soon after the NYMEX opened today, the “spot” gold price took a sudden dive from $1018.30 to as low as $990.50 [as of 14:30 today] thanks to the FRB manipulations through their fraudulent bankers. That’s a $27.80 price drop in about 5 hours at a time when the fiat FRN$ dollar isn’t even worth a fractional gram of physical gold.
But this is good news! GATA is exposing the fraudulent banksters and you can be sure their unlawful manipulations of the gold market will be short lived.
Until they’re all doused with tar and publicly feathered, I have a solution to quickly put an end to their fraud.
There needs to be a one week moratorium of physical gold sales by every company, firm, investor and individual who physically holds gold . Cut off the physical supply and their paper gold ETFs can’t be funded. That will quickly collapse the COMEX and expose to the world that there are little or no gold bars backing up their falsified price manipulations.
If every owner of physical gold refused to sell even a single ounce for a week, the privately owned FED bank, the COMEX (a/k/a CRIMEX), JP Morgan, Goldman Sachs, and all the rest of their pyramid scheme partners will fall in a pile of exposed manure.
TAKE AMERICA BACK. DON’T SELL ANY PHYSICAL GOLD. Take every gram of gold you can get your hands on and keep it off the market for just one week so these pyramid scam professionals get left holding nothing when their gold paper contracts are called in for physical redemption.
After all, they’re just selling paper gold, which is not gold.
STARVE THE FRAUDS AND EXPOSE THEM.
Printing presses blazing on overdrive … a collapse of bond prices … a massive surge in interest rates … an explosion of inflation … and the total destruction of our standard of living — at least, for those who aren’t aware or prepared for what is happening.
As JP Morgan pointed out early last century, gold is money, and nothing else. Grasp this simple fact and you understand gold. More to the point, gold is international money. It always has been. Over thousands of years of human economic interaction, gold (and silver) evolved as the chosen medium of exchange. These two precious metals contained all the qualities necessary to facilitate growing trade and economic interaction. The most important quality of course was man’s inability to create the metals out of nothing. Alchemists tried, but to no avail. This inability to manipulate supply made the metals perfect for the role of money.
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