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PeacePlan
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http://goldismoney2.com/showthread.php?1877
Here is the link, its a long read and I just posted the guys summary.
[url]http://www.marketskeptics.com/2010/0...confirmed.html[/URL]
Amazing set of revelations
1) For the first time ever, a whistleblower, Andrew Maguire, has stepped forward citing specifics of a gold market rigging as it was occurring in real time.
2) There is no gold corresponding to the vast "gold deposits" at the major LBMA banks. During the CFTC hearings, Jeffrey Christian of CPM Group apparently informed us that the LBMA banks actually have about a hundred times more gold deposits than actual gold bullion.
3) Almost all of the trading activities on the London exchange were merely settled by paper for paper, not for physical metals as the exchange supposedly requires.
4) there are thousands of clients (Asian and Middle Eastern governments, sovereign wealth funds, etc) who think they own hundreds of billions and perhaps trillions of dollars of gold bullion, and are being charged storage fees on that fantasy bullion, but what they really own unsecured gold loans to the banks at a negative interest rate.
5) it is impossible for the London exchange to ever deliver all the gold and silver owed to the owners of contracts.
Unbelievable “coincidences”
1) The live television broadcast of the CFTC hearing suffered a technical failure right as Murphy was set to begin his testimony. This was corrected right after Murphy was finished.
2) At least one live voice broadcast (radio) failed during Murphy's presentation.
3) After the hearing, Murphy was contacted by several major media outlets for more interviews. Within 24 hours, all the interviews were canceled. All of them.
4) The day after Maguire gave his radio interview, he was the victim of a hit and runcollision. Somebody sped out of a side alley at top speed, smashed into Maguire’s car, and then tried to escape. A high-speed chase ensued, and the perpetrator was caught by police. Although the British press has reported that this might have been an assassination attempt or a threat, there has been no word from the police.
5) Shortly before somebody crashed into Maguire’s car, the CFTC caught on fire. This fire happened to be located in the one small basement room where gold and silver trading data and other pertinent documents were kept.
6) A few days after the CFTC caught on fire, there was an DOS (denial of service) attack on the King World website which contains the radio interview of Maguire and his emails to the CFTC.
Virtual blackout by the mainstream news media
1) Only the blogs, and almost no one in the mainstream media, are covering the relevations of the CFTC hearings.
2) At the Wall Street Journal, a search on "Gensler" (CFTC Chairman Gary Gensler would surely be included in any report) produces only one item from before the hearing. Readers of the Wall Street Journal will never hear what happened at the hearing and whether the CFTC paid any attention to them.
3) The few mainstream stories that do cover the CFTC hearings are unnaturally one sided, failing to mention anything other than opposition to any idea of position limits in metal markets
4) The media lock-down is being met by disbelief and confusion.
5) A Google News search on "Gensler" confirms the virtual blackout by the mainstream news media.
6) The media’s strategy seems to be to stonewall and hope scandal goes away.
Implications
1) This is a scandal of monumentous proportions. As the articles above put it:
Sub-prime crisis was peanuts before this scam.
this is a potential multi-trillion dollar fraud that could bring down the world's financial system
It is a bombshell. This has to be dealt with, one way or the other. Bring it out into the light of day, and let the facts be known. This is either the equivalent of the fictionalized testimony on the order of the Salem Witch trials, or one of the most damning accusations of malfeasance in office against quasi-governmental agencies, and probably US officials, since Teapot Dome.
FRAUD’, that is the one word which comes to any investor’s mind when s/he reads about the Commodity Futures Trading Commission (CFTC) hearing on manipulations in bullion market by gold cartels
The world Largest Fraud: 5.5 Trillion.
The Gold and Silver Manipulation spanning decades (going back well back into 1980s) has now taken mammoth proportions, one that could bankrupt not just a few banks but entire countries along with their central banks.
2) As the significance of the CFTC hearings’ revelations sink in, it will create a gold rush and dollar panic, resulting in the biggest short squeeze in the history of all commodities. (See *****Preview of 2010's Gold Rush And Dollar Panic*****)
3) The upward explosion in gold prices, it will result in a complete loss of confidence in the U.S. dollar.
Conclusion: Last October, I wrote about the Gold Market Reaching The Breaking Point. Well now we are there.
1) Consider this a final warning about the gold market. You aren’t going to get much, if any, further confirmation of gold market fraud before it is too late. I would be amazed, especially considering recent relevations, if the gold market manages to make it passed June intact.
2) If you wondering how it will all end, I believe there will be a big “financial freeze”. Checking accounts, money market accounts, brokerage accounts, etc... everything will become inaccessible.
Here is the link, its a long read and I just posted the guys summary.
[url]http://www.marketskeptics.com/2010/0...confirmed.html[/URL]
Amazing set of revelations
1) For the first time ever, a whistleblower, Andrew Maguire, has stepped forward citing specifics of a gold market rigging as it was occurring in real time.
2) There is no gold corresponding to the vast "gold deposits" at the major LBMA banks. During the CFTC hearings, Jeffrey Christian of CPM Group apparently informed us that the LBMA banks actually have about a hundred times more gold deposits than actual gold bullion.
3) Almost all of the trading activities on the London exchange were merely settled by paper for paper, not for physical metals as the exchange supposedly requires.
4) there are thousands of clients (Asian and Middle Eastern governments, sovereign wealth funds, etc) who think they own hundreds of billions and perhaps trillions of dollars of gold bullion, and are being charged storage fees on that fantasy bullion, but what they really own unsecured gold loans to the banks at a negative interest rate.
5) it is impossible for the London exchange to ever deliver all the gold and silver owed to the owners of contracts.
Unbelievable “coincidences”
1) The live television broadcast of the CFTC hearing suffered a technical failure right as Murphy was set to begin his testimony. This was corrected right after Murphy was finished.
2) At least one live voice broadcast (radio) failed during Murphy's presentation.
3) After the hearing, Murphy was contacted by several major media outlets for more interviews. Within 24 hours, all the interviews were canceled. All of them.
4) The day after Maguire gave his radio interview, he was the victim of a hit and runcollision. Somebody sped out of a side alley at top speed, smashed into Maguire’s car, and then tried to escape. A high-speed chase ensued, and the perpetrator was caught by police. Although the British press has reported that this might have been an assassination attempt or a threat, there has been no word from the police.
5) Shortly before somebody crashed into Maguire’s car, the CFTC caught on fire. This fire happened to be located in the one small basement room where gold and silver trading data and other pertinent documents were kept.
6) A few days after the CFTC caught on fire, there was an DOS (denial of service) attack on the King World website which contains the radio interview of Maguire and his emails to the CFTC.
Virtual blackout by the mainstream news media
1) Only the blogs, and almost no one in the mainstream media, are covering the relevations of the CFTC hearings.
2) At the Wall Street Journal, a search on "Gensler" (CFTC Chairman Gary Gensler would surely be included in any report) produces only one item from before the hearing. Readers of the Wall Street Journal will never hear what happened at the hearing and whether the CFTC paid any attention to them.
3) The few mainstream stories that do cover the CFTC hearings are unnaturally one sided, failing to mention anything other than opposition to any idea of position limits in metal markets
4) The media lock-down is being met by disbelief and confusion.
5) A Google News search on "Gensler" confirms the virtual blackout by the mainstream news media.
6) The media’s strategy seems to be to stonewall and hope scandal goes away.
Implications
1) This is a scandal of monumentous proportions. As the articles above put it:
Sub-prime crisis was peanuts before this scam.
this is a potential multi-trillion dollar fraud that could bring down the world's financial system
It is a bombshell. This has to be dealt with, one way or the other. Bring it out into the light of day, and let the facts be known. This is either the equivalent of the fictionalized testimony on the order of the Salem Witch trials, or one of the most damning accusations of malfeasance in office against quasi-governmental agencies, and probably US officials, since Teapot Dome.
FRAUD’, that is the one word which comes to any investor’s mind when s/he reads about the Commodity Futures Trading Commission (CFTC) hearing on manipulations in bullion market by gold cartels
The world Largest Fraud: 5.5 Trillion.
The Gold and Silver Manipulation spanning decades (going back well back into 1980s) has now taken mammoth proportions, one that could bankrupt not just a few banks but entire countries along with their central banks.
2) As the significance of the CFTC hearings’ revelations sink in, it will create a gold rush and dollar panic, resulting in the biggest short squeeze in the history of all commodities. (See *****Preview of 2010's Gold Rush And Dollar Panic*****)
3) The upward explosion in gold prices, it will result in a complete loss of confidence in the U.S. dollar.
Conclusion: Last October, I wrote about the Gold Market Reaching The Breaking Point. Well now we are there.
1) Consider this a final warning about the gold market. You aren’t going to get much, if any, further confirmation of gold market fraud before it is too late. I would be amazed, especially considering recent relevations, if the gold market manages to make it passed June intact.
2) If you wondering how it will all end, I believe there will be a big “financial freeze”. Checking accounts, money market accounts, brokerage accounts, etc... everything will become inaccessible.
What are your projections on gold and silver prices? More importantly, how much do you expect this to affect international confidence in the dollar in particular?
