Fed Floods Market With Fake Gold, The Latest Hurdle For Gold Investors
By: Dominique de Kevelioc de Bailleul:
Tungsten-filled 10-ounce gold bars suddenly have appeared at some of the finest dealers of Manhattan.
No doubt, beginner investors who seek to purchase real money, a real asset, the ultimate safety, have had to overcome decades of carefully orchestrated financial propaganda from the Fed, Washington and academia. ‘They’ say, the dollar is good, and gold is just a rock, a silly anachronism and an asset useful only to persecuted WWII-vintage Jews.
Then, having cleared the propaganda hurdle, the new class of awakened investors have had to somehow research the gold market long enough to maybe run into articles which discuss the accusations of fraud riddled throughout the paper gold aspect of the market and the manipulation scheme perpetrated by JP Morgan.
What appeared to be an easy way out of the dollar, through a click of a mouse and a few bucks commission on the Scottrade website, may turn out to be more dangerous than holding a debauching currency.
Enter, stage right, comes Jeff Christian, who assures investors that the paper market is on the up-and-up. The debate between GATA and Jeff Christian kept some investors out of the line to take delivery of real metal, forestalling a bit longer the inevitable and coming stampede into the gold market.
Was GATA an organization spewing ‘conspiracy theories about a gold cartel?
Christian, a suspected shill for the gold cartel, argued that GATA was seeing things, imagining dark-hat bankers ripping off the public with un-backed gold ETFs and bogus short sales of the metal in the futures market.
The case of Andrew Maguire and the CFTC investigation into JP Morgan proves beyond a reasonable doubt that Christian is either a liar, an incompetent or a shill for the Fed.
Christian leaves the stage and CFTC’s Bart Chilton enters. Chilton, the corn-fed, boy-next-door kind of guy, who grows up to become a heroic fighter of corruption in the financial markets, is the perfect character for the next act to Christian’s ‘Gaslight’ performance.
And the tangible results of the so-called Eliot Ness of Wall Street? Nothing. Nearly three years after the CFTC hearings and investigation into JP Morgan, Chilton comes up with zip, furthering the con of the U.S. dollar. Chilton is now quiet. He’s done his job for the Fed. He may leave now.
Now, the poor, confused investor hears that the Fed’s QE-to-infinity policy will further debase the U.S. dollar. Even some of the ‘big boys’ have come out with recommendations to buy gold. PIMCO’s Bill Gross and Bridgewater Associate’s Ray Dalio have gone public recently to counter Warren Buffett, Charlie Munger and Bill Gates, the con-job trio billionaire shills for the Fed.
Is it time to buy some physical? Even the big boys think it’s a good idea.
But wait, the circulation of phony gold bars hits the news, and the companies selling the bars are, of course, the most reputable walk-in retailers of New York.
And the timing of news of the tungsten-filled gold bars couldn’t come at a most fortuitous time for the Fed. The most recent announcement of QE3-to-infinity policy from Bernanke & Company is a downright admission that the U.S. economy is not responding to previous QEs, unprecedented levels of ‘currency swaps’ and a reflation of the over-the-counter derivatives market.
The Fed needs more help pushing the mob away from gold, because there isn’t enough gold to back all the paper promises saturated throughout the banking system.
“We’re getting closer and closer to the big disclosure that the banksters have stolen the gold, and now they’re flooding the market with fake gold,” TruNews radio host Rick Wiles tells his listening audience of Sept. 24.
Is Wiles spreading another ‘conspiracy theory’? Let’s ask Christian what he thinks. Let’s see if Chilton will recommend to the U.S. State Department that it shut down the Chinese company that’s been alleged to have made the phony bars. Let’s see if Warren Buffett has anything to say.
see video at http://www.myfoxny.com/story/19578206/fake-gold-bars-turn-up-in-manhattan