I had a bit of spare time so I thought I would do a post to try to summarise what the end game might be for precious metals. This is my opinion based on extensive research that I have done. If you think everything will be fine and the world recovery is on track, then don’t read any further. This is a very condensed version of my theory, so I hope my point comes across OK.
The end of precious metal manipulation is near. Gold at $7,000.00 /oz would be just the starting point if gold were allowed to float free of the $USD. Central bank manipulation is about to backfire. The world’s central banks, have been making up the difference between mine production and gold demand by dumping their gold on the market. By lending their gold for a nominal interest rate to “bullion banks” like Deutsche Bank, Scottia Mocatta, JP Morgan Chase and Citigroup, they then sell it and invest the proceeds at higher rates. Banks are obligated to return this gold to the central banks, they’re “short” the metal. At some point in the future they have to buy this gold back on the open market. If gold’s price is low, they make money, and if it’s high, they lose. If the gold price is high and rising, these banks are looking at multi-billion dollar losses. And as these losses mount, the pressure grows to bite the bullet and close out their short positions by buying back their gold. When one bullion bank does this, the others will be forced to follow, producing a classic “short squeeze,” in which all the major bullion banks try to buy at once, sending the spot gold price soaring.
In 1967 President Kennedy wanted to get rid of the U.S. reliance on the privately owned Federal Reserve notes and have U.S. Dollars issued by the Treasury like it should have always been and what President Lincoln also tried to do. Kennedy was going to have the notes backed by gold. This was called the Green Hilton Memorandum. It was not to the liking of the global elite to have their control of the U.S. monetary system taken away. We all know how it turned out a few days later. Many claim the assassination was by order from the Vatican. Yes, it is a conspiracy theory. The word conspiracy derives from the Latin word 'conspirare', which literally means to breathe together. You can make up your own mind about who was responsible for the assassination. You might wonder what the Vatican would have to do with it.
The United States in not a country, it is a British Colony or you could say it is a British Corporation. The money collected by the IRS in personal income tax (The IRS is a creation of the privately owned Federal Reserve) goes to London and then a large portion of that goes to the Vatican.
This game of control might soon be over. The U.S. and U.K. got a very cold reception at the G-20 Summit in Russia in 2013. There were rumours that they would not even attend the summit. Putin referred to Britain as “a small island that nobody listens to”. The G-20 Summit will be held in November here in Brisbane this year, so we will see just what has transpired since last year as far as international relations are concerned. There is little doubt that President Putin put a stop to an attack on Syria by the U.S. and U.K. at the summit in 2013. It is not hard to imagine that there might have been threats made about a massive co-ordinated dumping of U.S. bonds onto the market.
The time has come for countries to start exchanging goods and services outside of the U.S. Dollar, both in oil, and in other products and resources. China already opened the first global oil wholesale market which bypasses the dollar. Countries such as Russia, South Korea, Japan, Iran, India, and Australia on-board with Chinese Yuan swap deals. The aim, to create the foundation for international trade, and lines of credit which is to be backed by gold, silver, or other precious metals. The “Petro-Yuan” as a replacement for the $USD. Nations must have a readily available store of the commodity to buy and sell gold trade notes. It will enable peer-to-peer payments (just like Bitcoin) to be completed from direct account transfers independent of currency, and most importantly, not done through the narrow pipes and channels controlled by the banking global elite. The Gold Trade Note will act much like a Letter of Credit, serve as a short-term bill.
To accommodate this, China has been working hard to melt down their growing stockpile of gold into 1 kg. ingots, which they can easily use to collateralize a gold based trade note. There is an idea that the gold based trade note will be used like SDR’s are currently used. In the near future, a new gold backed currency for China is a real possibility. The Yuan, if backed by gold would be interchangeable for a gold trade Note. That is likely why China is in such a hurry to accumulate as much gold as possible before the $USD collapses under its own weight of debt.
In August of last year, China and Japan dumped $42 billion in dollar assets onto the market. This is what ended the hopes for the September taper. The $42 billion sold by both China and Japan was the most dollar assets they had dumped in many years. This is only a small percentage of the several trillion each nation currently holds in Treasuries and other assets. I believe that the Whole U.S. bond market was on the verge of collapse in 2013 and we have seen a dramatic propping up campaign this year to bring the soaring yields back down. This will not last because the recovery is fake.
The whole system is about to unravel and the elite are all trying to work out how to replace the $USD before this total collapse occurs. The manipulation in precious metals is now obvious to anyone. Precious metals need to be un-pegged from the $USD as soon as possible. Elke Koenig of Germany's top financial regulator, Bafin said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal”. The IMF have been working on a plan to replace the $USD with a global currency called a “Bancor”. The plan was to use SDR’s as the first step but the IMF admits that SDR’s are only are partial move away from $USD reliance. The plan according for some is for Hillary Clinton to run for the U.S. Presidency in 2016 and she will push this change through. She makes no secret of the fact that she is a globalist. She had ambition’s to run the World Bank recently. In my opinion the Chinese are putting their plan into high gear for the gold traded note for use in bilateral trade settlement in order to present to the world an alternative to a possible global currency to be introduced by the IMF at some point. I believe the Eurasian trade zone will be in place within two years and the trade in gold paper spot price manipulation will be no more.
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