Tuesday, March 30, 2010

Trying to Level the Playing field (King's World News)

King's World News - An unbelievable interview with two people at the core of the gold manipulation.  Yesterday the news of the CFTC meeting and the flagrant fraud of ridiculous size - the manipulation of the metals market - the BIGGEST commodity market - $5.4TRILLION market - the biggest scam in financial history... this is a monstrous National Security vulnerability - paper to physical leverage is 100:1 - effects to national currencies - the GBP, USD, almost anything anywhere will be impacted.  


Realistically, this is paper backing paper - the physical gold does not exist.  Is default a problem?  Well not necessarily.  Default is not a problem because there are many ways that there can be cash settlement - but is that not the definition of default - what if they don't want cash?  And there is not enough cash for everyone - that is the core of this fraud.  Can we clarify that this is now a Naked Short position - Yes - this in now confirmed from the CFTC meeting.  LBMA unallocated accounts are pure paper - NO GOLD.


LISTEN HERE


No comments: