Written by Jeff Nielson Thursday, 15 August 2013 12:58
What actually happened in the gold market during the second quarter of 2013? The One Bank launched one of its most savage assaults on bullion markets throughout the entire course of this 13-year bull market, causing all-time record demand for gold – while the market for its (fraudulent) paper-called-gold collapsed.
However (potential) gold investors wanting information on those events would have been hard-pressed to decipher what really happened in bullion markets from the fictionalized account of the World Paper Council for Q2. Despite observing itself that demand for paper-called-gold suffered the largest crash ever, while demand for real gold experienced its greatest spike ever; the WGC simply finds it impossible to spell the word d-e-c-o-u-p-l-i-n-g.
This should not be a surprise to regular readers, who now understand that the WGC is little more than a mouthpiece for the One Bank. So when it comes to describing the crimes of the bankers in bullion markets, the mantra is “see no evil, hear no evil, speak no evil.”
Some may attempt to argue that the report of the WGC does try to portray a (somewhat) bullish picture in the sector. It did report that demand for gold bars hit an all-time high. It did report that demand for minted coins hit an all-time. It did mention that global jewelry demand spiked to a five-year high.
But what choice does it have? It is (at least supposedly) the World “Gold” Council. And while it does its best to hide data on the gold market (only two years of supply/demand numbers exists for a commodity which has traded for thousands of years), at the very least it will always be forced to report current sales data.
What we had here was the World Paper Council deliberately understating the most-explosive quarter in the history of the world’s gold market. What did the WGC lead with in its deceptive account of this quarter? A fictionalized number which it calls “total demand” – which (as its tag-team partner, Kitco immediately reported) was “down 12% from the same period a year ago.”
In the most-explosive quarter for demand in the history of the gold market, we have the WGC beginning its pseudo-report talking about falling demand. Of course what it calls “total demand” is the demand for real gold minus the plummeting demand for the Banksters’ paper-called-gold.
However, there can no longer be any possible excuse in reporting demand for gold and demand for paper-called-gold as a single number, for two reasons. The most-obvious reason is the dichotomy: the decoupling we have seen in this market as demand for the One Bank’s paper-fraud products collapsed at the same moment that demand for gold hit an all-time high.
The second reason, while not as spectacular is no less imperative. The bullion banks (via the Corporate Media) have implicitly confessed that all of their own paper-called-gold is just paper.
When the Banksters attacked the gold market in Q2, driving down prices, demand exploded in India – still clinging to the mantle of “world’s largest gold market” (just ahead of China). Since India produces virtually no gold itself, this produced a gigantic gold deficit. How did the bankers and the Corporate Media insist (again and again) that they could “fix” this gold deficit? By selling Indians more of their own paper-called-gold.
And as I rebutted again and again in my own commentaries; as a simple proposition of arithmetic/logic the only way that selling “paper gold” could alleviate a “gold deficit” is if you are merely selling paper, and calling it gold. Fraud – now out in the open.
Written by Jeff Nielson Tuesday, 13 August 2013 12:03
Stephen Harper’s Ultimate Crime is almost complete.
His campaign to destroy Canada’s economy began with his relentless, meticulous efforts to duplicate the disastrous U.S. housing bubble in Canada (along with piling up years of record deficits). We can be absolutely certain of Harper’s criminal intent here because he chose to duplicate the U.S. housing bubble in Canada after that market had already collapsed in an orgy of fraud-and-foreclosure.
But creating a bubble he intended to blow-up was only Harper’s first step in this malevolent plan. Step Two was preparing for after he blew-up his own bubble. Canada is the first – and only – Western nation to write “bail-in” provisions into its own, current budget.
For those readers, who were snoozing during the Cyprus Steal (and the details revealed about that crime in its aftermath); let me refresh your memories. The governments of Europe (under the control/direction of the One Bank) staged a carefully-planned “bank robbery” in Cyprus.
Of course it wasn’t the bank which was robbed. It was the bank which was doing the robbing (with the assistance of the Cyprus government), and the innocent depositors who were “held up” – after all the Big Money had been quietly warned to move their wealth out of Cyprus banks.
Immediately after this bank-robbery, we had the Corporate Media, the banking cabal, and the Traitor Politicians all proclaim that “a precedent had been set”; and they all immediately went about setting up their own “bail-in” frameworks, so they could rob their own populations. Some Western nations have done this surreptitiously, but not Stephen Harper.
Not only did Harper plant “bail-in” rules right into Canada’s most-recent budget, he explicitly stated that these rules were “based on” the template written by the One Bank itself, via one of its mouthpiece organizations, the (cynically titled) “Financial Stability Board”. Regular readers are familiar with my analysis of that policy-paper (No Paper Is Safe From A Bail-In: FSB):
6.5 As a last resort…some countries may decide to have a power to…recover any losses incurred by the state from unsecured creditors or, if necessary, the financial system more widely. [emphasis mine]
That’s right. The bail-in rules Stephen Harper planted into Canada’s Budget allow the government to steal any kind of paper out of any kind of account, from any part of the Canadian financial system. As I said at the beginning, “Ultimate Crime.”
So first Stephen Harper created Canada’s housing bubble. Then he (preemptively) put in place rules allowing the bankrupted banks to steal anything-and-everything from the Canadian financial system (i.e. ordinary Canadians).
All that remained for Harper to complete his crime was to detonate the bubble he created. The Corporate Media informs us that Stephen Harper has now done this as well. How? To understand this requires briefly backtracking, in order to explain to readers who didn’t read my original commentary how the Canadian Housing Bubble was manufactured.
The centerpiece to Harper’s plot was/is the Canadian Mortgage and Housing Corporation. The CMHC is an exact clone of the U.S.’s notorious fraud-factory, “Fannie Mae”. It provides virtually unlimited funding for the Big Banks to write-up fraudulent mortgages.