Monday, April 21, 2014

Continuing Manipulation in the Price of Gold

It is painfully obvious to anyone paying attention that there is a serious effort being conducted by the Fed, the U.S. Government and the big banks to hold down the price of gold.

The reason for this is that the U.S. Government is growing more desperate by the day to prop up the stock market and the U.S. dollar. Russia and China have been announcing a series of deals between each other and with several other large trading partners to begin conducting oil and gas trade using their respective currencies, thereby completely bypassing the use of the U.S. dollar. It is clear that far and middle eastern countries are working to systematically scale down and phase out the world’s reliance on the U.S. dollar and the catastrophic political and economic policies it represents.

http://www.paulcraigroberts.org/2014/04/15/dave-kranzler-reports-latest-manipulation-gold-price/

Perhaps this is why US regulators have not gone after HFT "flash" traders: the technology is being used in US government sanctioned trading to bolster the US stock market and knock down the price of gold.

The BRICS are trying to build a new world economy, while the US is trying to prop up a house of cards.

Sadly (for us), the soon-to-be successful efforts of the world's economies to free themselves from US tyranny will have disastrous consequences (for us). Whom will you blame when that happens?

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