TheWalk.com

The dichotomy between paper and metals, US owes 3 trillion to foreigners, the wiemarization is coming, more banks go belly-up, gold manipulation poses problems for economic stability, consider the recent rallies to be as good as it will get

We have reported extensively on the dichotomy between the physical and paper markets in precious metals. The pricing between these two types of markets is now completely out of sync, with the casinos, which some dare to call commodity markets, utilizing bogus manipulated prices based on paper sales of precious metals in volumes that do not physically exist, while the physical markets have become a de facto black market where the true value of gold and silver is recognized based on market fundamentals. This market split has resulted from an intentional bottleneck created by preventing wholesale gold and silver from being converted into retail gold and silver. This has been accomplished by withholding wholesale gold and silver in COMEX inventories under thinly veiled threats against anyone attempting to take physical delivery, while channeling existing wholesale supplies at the smelter and dealership levels to the large bullion banks that are using these wholesale supplies to suppress precious metal prices and to bolster their short positions.

Further, new production from Illuminist producers like Barrick is also being channeled to the bullion banks, while the cartel has simultaneously ordered the shutdown of mint production in Illuminist-controlled countries around the world, including the US, Mexico, South Africa and Canada, thus reducing the drain on wholesale gold and silver for use in producing coinage. In addition, supplies of wholesale gold and silver held by ETF’s are being leased out for suppressive purposes against the very people who supposedly own it, namely the ETF shareholders, while their ETF shares are naked-shorted to produce imaginary sales of metals that do not even exist. Continue reading »

By Mark Pittman, Bob Ivry and Alison Fitzgerald

Nov. 10 (Bloomberg) — The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn’t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

“The collateral is not being adequately disclosed, and that’s a big problem,” said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds. “In a liquid market, this wouldn’t matter, but we’re not. The market is very nervous and very thin.” Continue reading »

Rampant market manipulation, retirement dreams destroyed by market chaos, a war waged with money, expect more bailout money for the wealthy players, formula for the superwealthy, a new low interest rate, new liquidity is designed to flood the world economy, Volvo slammed by market changes, oceans emptying of marine traffic, airfreight traffic declines
We’ll give you three good reasons why gold is not performing as it should under the current circumstances: First reason: manipulation. Second reason: rampant manipulation. Third Reason: incessant, nonstop, unabated, fiendish manipulation. Remember, these evil Illuminist miscreants know, by virtue of owning, via bribe and/or compromise, most, if not all, of the relevant market owners, managers and regulators, as well as most of the relevant judges and politicians who oversee these markets, the precise trading positions for every major player in the market, including, but not limited to, commercial banks, investment banks, hedge funds, sovereign wealth funds, insurance companies, pension funds and endowments. Also remember, they are the ones that sold most of the toxic waste and credit risk insurance that now plagues the market, and, in fact, they are the ones who created it. And, yes, despite what they tell you, they even know, to a degree, where many of the losses lie for subprime derivatives and credit default swaps, but they of course won’t tell you that they know.
Continue reading »