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
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