Hidden financial system
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Hidden financial system
I shall wear the creditors’ loathing with pride. ~~~ Yanis Varoufakis, Greece’s former finance minister
Curated by Cyrille
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Is This The Biggest Crisis In History ?

Is This The Biggest Crisis In History ? | Hidden financial system | Scoop.it

 

The previous "biggest crisis in history" was in 1893 when a serious economic depresion hit America. We just topped that in terms of the gold/oil "crisis" ratio, making us wonder: what crisis is just around the corner, and just how big will it be?

 

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China Finally Reveals How Much Gold It Has

China Finally Reveals How Much Gold It Has | Hidden financial system | Scoop.it

 

That’s pretty impressive, but it falls far short of what investors had expected.

 

When they first announced that they were going to reveal their stockpile two months ago, the most conservative estimates placed their gold holdings at 3000 tons, or double what they recently reported.

 

Due to the fact that China is the largest gold producer, and nearly the largest gold importer, their current numbers are dubious at best.

 

As for why they may still be under reporting their gold reserves, they probably don’t want to alarm the markets.

 

They want to keep prices low so they can keep accumulating more, which given the amount of gold they’ve officially bought, they’re obviously determined to keep buying.

 

And since the price of gold and the value of the dollar have an inverse relationship, they want to keep gold low so that their massive dollar reserves stay valuable (which they’re still in the process of selling).

 

At some point they’re going to use their gold reserves to challenge the supremacy of the dollar, but for now, they’re going to keep prices low while they hoard as much as they can.

 

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Cyrille's comment, July 22, 2015 8:08 AM
Merci!
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Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable" | Hidden financial system | Scoop.it

 

“Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state."

 

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Is Russia Planning a Gold-Based Currency?

Is Russia Planning a Gold-Based Currency? | Hidden financial system | Scoop.it

 

The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term.

 

Yet, it is precisely such conditions that may push the country’s leadership into taking the radical step that will secure its world-player status once and for all: the adoption of a gold-exchange standard.

 

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Man Who Telegraphed Dutch Repatriation Says U.S. Gold Gon

Man Who Telegraphed Dutch Repatriation Says U.S. Gold Gon | Hidden financial system | Scoop.it

 

It was probably leased or sold by the Fed to a bullion bank. The buyer was most certainly China and this is where the gold is now. All Germany has is a paper claim on the Fed. And the Fed can of course never find the physical gold at anywhere near current prices.

 

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Only A New Gold Standard Will Save The U.S. Dollar - Steve Forbes

Only A New Gold Standard Will Save The U.S. Dollar - Steve Forbes | Hidden financial system | Scoop.it

 

Forbes said different currency valuation methods have been tried for “more than 4,000 year,” and experience shows that having a gold standard is the way to go. He added a gold standard “done right” provides stability and value when it comes to money supply.

 

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Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves

Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves | Hidden financial system | Scoop.it

 

Because apparently when it comes to speaking for "hard" monetary policy, Putin is now authorized to speak for both nations.

 

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Gold Fix Manipulation Crackdown: Deutsche Officially Resigns London Fix Seat

Gold Fix Manipulation Crackdown: Deutsche Officially Resigns London Fix Seat | Hidden financial system | Scoop.it

 

"The more worrying point is that, if you don't have the fixing, what do you have? There's a lot of contractual business done on the gold fix, and if you've got no basis for where the price is, someone is going to lose out."

 

Well considering that the fixing process over the years was manipulation pure and simple, those who will lose out are the... manipulators? it would seem rather logical.

 

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The Secret World Of Gold

The Secret World Of Gold | Hidden financial system | Scoop.it

 

In light of the Chinese demand we discussed earlier, the ongoing manipulation of 'rigged' markets everywhere, and rising geopolitical tensions (as the de-escalation continues), we thought it worth dusting off this excellent  and wide-ranging look at the history and present of the barbarous relic, gathering many perspectives (pro and con) on gold.

 

From historical shipwrecks to Nazi 'death gold' and England's war chest to recent years where widespread economic uncertainty has given the yellow metal a "new luster in the world of high finance;" valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years.

 

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Bloomberg : Gold Manipulation Goes Mainstream

Bloomberg : Gold Manipulation Goes Mainstream | Hidden financial system | Scoop.it

 

Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five of the biggest gold dealers, are a sign of collusive behavior and should be investigated [ ]


From 2004, they observed frequent spikes in spot gold prices during the afternoon call. The moves weren’t replicated during the morning call and hadn’t happened before 2004, they found.


Large price moves during the afternoon call were also overwhelmingly in the same direction: down. On days when the authors identified large price moves during the fix, they were downwards at least two-thirds of the time in six different years between 2004 and 2013. In 2010, large moves during the fix were negative 92 percent of the time, the authors found.


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Fed's Dirty Little Secret: "The Gold Isn't There... Exists as Paper IOU's"

Fed's Dirty Little Secret: "The Gold Isn't There... Exists as Paper IOU's" | Hidden financial system | Scoop.it

 

If you were to store some emergency funds with a friend who promised to get them back to you whenever you asked, and then you ask and are told it'll be a few years before he'll get you the cash, what assumption would you make?

 

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Joseph Hayes's curator insight, January 24, 2014 1:09 AM

Show me the gold!!

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Metals, Currency Rigging Is Worse Than Libor, Bafin Says

Metals, Currency Rigging Is Worse Than Libor, Bafin Says | Hidden financial system | Scoop.it

 

Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.

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Report: This Major Internet Company Has Stockpiled 3 Months of Food and $10 Million In Gold For Their Employees: "We Don't Trust Wall Street"

Report: This Major Internet Company Has Stockpiled 3 Months of Food and $10 Million In Gold For Their Employees: "We Don't Trust Wall Street" | Hidden financial system | Scoop.it

 

We have $10 million in gold and silver in denominations small enough that we can use for payroll. We want to be able to keep our employees paid, safe and our site up and running during a financial crisis.


We also happen to have three months of food supply for every employee that we can live on.

 

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Gold Rush 2.0: How Russia and China are attacking the dollar

Gold Rush 2.0: How Russia and China are attacking the dollar | Hidden financial system | Scoop.it

 

One of the important points that Sarkisyan makes is that China does not want to see the dollar collapse, and neither does anyone else. Because the dollar is still a very effective and useful means of international exchange.


However, the problem is that the US is using the dollar and other parts of the global commons which it controls (for example, the internet) not as a public good delivered for the benefit of the entire system, but as a weapon in the global hybrid preventive war aimed at preventing or at least delaying its decline. Which everyone, including the US, is seeing happen.


So these and other gold measures are defensive, rather than offensive, in nature.


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Cyrille's comment, July 22, 2015 8:09 AM
Merci!
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London Gold Fix Closed – Sign of Drastic Changes the World Financial System Is To Go Through

London Gold Fix Closed – Sign of Drastic Changes the World Financial System Is To Go Through | Hidden financial system | Scoop.it

 

 

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Bix Weir : Is This Video Evidence that the Golden Conspiracies Are True?

Bix Weir : Is This Video Evidence that the Golden Conspiracies Are True? | Hidden financial system | Scoop.it

 

Is it true? I don't know...but it sure would fit with the Road to Roota Theory!

 

I have long talked about the massive amount of gold that is above ground. After reading "Gold Warriors" by Sterling and Peggy Seagrave and going through the thousands of support documents I have come to the conclusion that the 180,000 tons of available gold promoted by the likes of Jeffrey Christian of CPM Group and the World Gold Council are total and complete nonsense.

 

There are MILLIONS of tons of gold above ground!!

 

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Putin "Prepares For Economic War", Buys Whopping 55 Tonnes Of Gold In Q3

Putin "Prepares For Economic War", Buys Whopping 55 Tonnes Of Gold In Q3 | Hidden financial system | Scoop.it

 

Vladimir Putin's government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade. These reserves could provide the Kremlin with vital firepower to try and offset the sharp declines in the rouble.


By the end of the year, central banks will have acquired up to 500 tonnes of gold during the latest buying spell, according to Alistair Hewitt, head of market intelligence at the World Gold Council.

 

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China will use gold and gold pricing to force global currency reset

China will use gold and gold pricing to force global currency reset | Hidden financial system | Scoop.it

 

Take a look at the Comex. Since the middle of 2012 or so, they've been forcing gold contracts to settle not in metal, but in cash. And if you don't like it, they'll ban you from the Comex. There's been very little if any settlement of gold futures contracts for two years in gold metal. They're not a gold market anymore, they're a derivative market for gold instruments.

 

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Saudi Arabia joining BRICS? Abandoning the Petrodollar? Starting Gold-backed Sovereign Wealth Fund?

Saudi Arabia joining BRICS?  Abandoning the Petrodollar? Starting Gold-backed Sovereign Wealth Fund? | Hidden financial system | Scoop.it
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Ukraine Scandals! USA Raids Ukrainian Gold and EU Sends Nuclear Waste

Ukraine Scandals! USA Raids Ukrainian Gold and EU Sends Nuclear Waste | Hidden financial system | Scoop.it

 

The gold reserve Ukraine still possesses is the gold of the ancient Scythians, or in Russian: Skiffs. From the 10th to 3rd century b.c., and possibly much longer before that, the Great Scythia occupied most of Eurasia.

 

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The Photo That Reveals Why US and EU Bankers Despise Russia's Putin So Much

The Photo That Reveals Why US and EU Bankers Despise Russia's Putin So Much | Hidden financial system | Scoop.it

 

Any similar photos to the one below by US President Obama or UK Prime Minister Cameron would be a massive betrayal of their puppet masters - the BIS, the IMF, the World Bank, the ECB, the BOE and the Federal Reserve.


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Fed-They Do Not Have Any More Gold-Paul Craig Roberts Economic Downturn in 2014

Fed-They Do Not Have Any More Gold-Paul Craig Roberts Economic Downturn in 2014 | Hidden financial system | Scoop.it

 

Former Assistant Treasury Secretary Paul Craig Roberts is making some bold new claims about the Federal Reserve and its official government gold holdings. 

 

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Deutsche Bank Withdraws From Gold Fixing in Commodities Cuts

Deutsche Bank Withdraws From Gold Fixing in Commodities Cuts | Hidden financial system | Scoop.it

 

The bank is one of five gold and three silver members that help set fixings, benchmark rates used by mining companies, jewelers and central banks to trade and value metals.

 

The U.K. Financial Conduct Authority is said to be scrutinizing how prices are set in the $20 trillion gold market. German regulator Bafin is reviewing how banks participate in price-setting as part of its review of benchmark administration in the wake of the London interbank offered rate rigging scandal.

 

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