"Resistance to Tyrants is Obedience to God"- Benjamin Franklin
The Coming Economic Collapse And The Next Great Depression
The forgotten man painting by McNaughton (click image for video) I believe this image best exemplifies where we stand today, pun intended.
Friday, February 28, 2014
Here Is The FT's Gold Price Manipulation Article That Was Removed
Two days ago the FT released a clear, informative and fact-based
article, titled simply enough "Gold price rigging fears put investors
on alert" in which author Madison Marriage, citing a report by the
Fideres consultancy, revealed that global gold prices may have been
manipulated on 50 per cent of occasions between January 2010 and
To those who hve been following the price action of gold in the past
four years, gold manipulation is not only not surprising, but accepted
and widely appreciated (because like the Chinese those who buy gold
would rather do so at artificially low rather than artificially high
fiat prices) and at this point, after every other product has been
exposed to be blatantly and maliciously manipulated by the banking
estate, it is taken for granted that the central banks' primary fiat
alternative, and biggest threat to the monetary status quo, has not
avoided a comparable fate.
What is surprising is that where the FT article once was, readers can
now find only this:
And since we can only assume the article has been lost to FT readers
due to some server glitch, and not due to post-editorial consorship or
certainly an angry phone call from the Bank of England or some
comparable institution, we are happy to recreate it in its entirety.
Just in case someone is curious why gold price rigging fears should
put investors on alert.
Gold price rigging fears put investors on alert
By Madison Marriage
Global gold prices may have been manipulated on 50 per cent of
occasions between January 2010 and December 2013, according to
analysis by Fideres, a consultancy.
The findings come amid a probe by German and UK regulators into
alleged manipulation of the gold price, which is set twice a day by
Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia and Société
Générale in a process known as the "London gold fixing".
Fideres' research found the gold price frequently climbs (or falls)
once a twice-daily conference call between the five banks begins,
peaks (or troughs) almost exactly as the call ends and then
experiences a sharp reversal, a pattern it alleged may be evidence of
"[This] is indicative of panel banks pushing the gold price upwards on
the basis of a strategy that was likely predetermined before the start
of the call in order to benefit their existing positions or pending
orders," Fideres concluded.
"The behaviour of the gold price is very suspicious in 50 per cent of
cases. This is not something you would expect to see if you take into
account normal market factors," said Alberto Thomas, a partner at
Alasdair Macleod, head of research at GoldMoney, a dealer in physical
gold, added: "When the banks fix the price, the advantage they have is
that they know what orders they have in the pocket. There is a
possibility that they are gaming the system."
Pension funds, hedge funds, commodity trading advisers and futures
traders are most likely to have suffered losses as a result, according
to Mr Thomas, who said that many of these groups were "definitely
ready" to file lawsuits.
Daniel Brockett, a partner at law firm Quinn Emanuel, also said he had
spoken to several investors concerned about potential losses.
"It is fair to say that economic work suggests there are certain days
when [the five banks] are not only tipping their clients off, but also
colluding with one another," he said.
Matt Johnson, head of distribution at ETF Securities, one of the
largest providers of exchange traded products, said that if gold price
collusion is proven, "investors in products with an expiry price based
around the fixing could have been badly impacted".
Gregory Asciolla, a partner at Labaton Sucharow, a US law firm, added:
"There are certainly good reasons for investors to be concerned. They
are paying close attention to this and if the investigations go
somewhere, it would not surprise me if there were lawsuits filed
around the world."
All five banks declined to comment on the findings, which come amid
growing regulatory scrutiny of gold and precious metal benchmarks.
BaFin, the German regulator, has launched an investigation into
gold-price manipulation and demanded documents from Deutsche Bank. The
bank last month decided to end its role in gold and silver pricing.
The UK's Financial Conduct Authority is also examining how the price
of gold and other precious metals is set as part of a wider probe into
benchmark manipulation following findings of wrongdoing with respect
to Libor and similar allegations with respect to the foreign exchange
The US Commodity Futures Trading Commission has reportedly held
private meetings to discuss gold manipulation, but declined to confirm
or deny that an investigation was ongoing.
This country founded on solid principals has been subverted through "The New World Order" which is nothing new at all, but the same old tricks used at Babylon through Satan. With the main intention to control and ultimately eliminate 80%+ Population (mostly Christianity and it's values) and the only thing standing in its way is the Armed American population. We have been compromised including our Government, Military, Church's (501c3), Banking, Schools, Courts and the Media. We Must not let them disarm US.
I believe that Truth is Absolute and NOT Relative.I believe in GOD through Yeshua (Jesus) and that is the ONLY way to Salvation!
The Truth shall set you free! I follow what the Bible speaks of.I believe that the rule of law in this Great country is derived from our Constitution and that from The Bible and the Ten Commandments! and is now being Subverted.
I believe in sound Money. I believe in GOD, Family, Country and the right to live as free men with State Rights over Federal Rights. Two of the Federal mandates in the Constitution are protect our borders and to coin Money, regulate the Value thereof, ( keep the value ) and these are 2 of things they are Not doing.