smartknowledgeu's blog

More than two years ago, in October, 2008 I sent CFTC Commissioner Bart Chilton very compelling circumstantial evidence that massive manipulation was occurring in gold futures markets based upon my understanding of how massive shorts were initiated in the gold futures markets and bids sometimes pulled, creating a collapse in momentum, at precise times in the NY markets, to create waterfall declines in the gold futures market. Below is the correspondence I had with Mr. Chilton more than two years ago.

Here's a link to the CFTC's webcast regarding position limits in the gold and silver futures markets taking place on March 25, 2010, 9AM EST. Anyone interested in restoring integrity to the global monetary system should be interested in these hearings.

In today’s financial world, a real life, real-time economic World Series of Poker is being played out before our very eyes between the Central Banks of the world’s largest economies. As opposed to the annual Las Vegas World Series of Poker tournament, the buy in at the Central Bank World Series of Poker table is exponentially steeper, in the range of trillions of dollars, yen, and Euros that have been used to monetize the world’s debt, and the stakes are default of sovereign debt and the accompanying collapse of that domestic fiat currency.

If you think that the world of crime has to be shady and underhand, you are wrong. With the beginning of the fourth world war, organised crime has globalised its activities. In this new war, politics, as the organiser of the nation state, no longer exists. Now politics serves solely in order to manage the economy, and politicians are now merely company managers. An oft misunderstand leader, Subcomandante Marcos, now Delegado Zero, tried to warn us more than 12 years ago that "it takes no more than a few minutes for companies and states to be sunk", and that they would be sunk, not by military theater operations, but by hurricanes of finance. More than a decade later, with many of his predictions now coming true, perhaps it's finally time we started listening to him.

There is a rational explanation why the public-at-large still grants a great deal of validity to the opinions of people I like to call the “men who cry wolf” – Ben Bernanke, Timothy Geitner, Gordon Brown, Alan Greenspan, et al. It is because the fastest growing export of the Western banking industry (and governments) is now fraud.

A yet to be verified story from Rough & Polished, a Moscow based website, reported that China had “confirmed its decision to acquire 191.3 tons of gold auctioned by the International Monetary Fund.” Of course, until official confirmation comes from China, no one will really know if this story is true or not. However, if true, here’s why this story would be hugely significant to the gold market.

The recently announced IMF sale of 191.3 tonnes of their gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. There will come a time when the prices for real physical gold and real physical silver completely sever the already tenuous umbilical cord they maintain to the suppressed prices of gold and silver established by the agent bullion banks of the US Federal Reserve and the Bank of England in futures markets.

There is an inextricable link between our academic system and the failure of citizens worldwide to understand the dire negative financial consequences of the coming second phase of the global monetary crisis. To help you understand the huge gap of knowledge that is missing from all business curricula today that is necessary to foresee the coming consequences of the second phase of this crisis, I have posted a brilliant speech below by educator Sir Ken Robinson that illuminates the deliberate flaws of our current academic system today imposed upon us by the very financial oligarchs that founded our academic system.

We should recall former US Federal Reserve Chairman Alan Blinder’s statement, “The last duty of a central banker is to tell the public the truth” and thus be astute enough to realize that the often hollow words of Central Bankers serve as a contrary indicator of the truth.

Perhaps if the Bank of England, the US Treasury and the US Federal Reserve had not been surreptitiously suppressing the price of gold futures through their puppet bullion banks on Wall Street for decades, I would agree with George Soros that gold was the ultimate asset bubble. Had this been the case, gold’s price would be multiples of its current price given the low interest rate environment that exists worldwide. But since this is not the case, there currently is no greater asset bubble than the US dollar and US Treasury bonds.

Today, casinos have much more integrity in their business dealings than do banks. In general, casinos have more cash and more transparent business dealings with their clients than do banks. That's why it's so ironic that most large commercial banks, as part of their "moral code", do not allow private bankers to do business with casinos. It appears today, that the bankers got that one entirely wrong.

In his first State of the Union speech in 2010, President Barack Obama carefully chose his words in calling for a new jobs bill to stimulate real organic economic growth. However, politicians have always been extremely deft about making speeches that present a united front with the people against corruption, while often hammering out legislation behind closed doors that ensures no real change will ever occur. To determine if the wool is being pulled over our eyes once again, let’s turn to the actual text of President Obama’s State of the Union speech.

Bankers are destroying Capitalism. Unfortunately, most Westerners won’t realize this until five years from now, when the middle class has been forcibly relegated to the ranks of the poor. And this isn’t just a situation that will afflict America but it will likely afflict Japan and many countries in the EU such as the UK, Spain, and Greece just to name a few.

2009 was an incredibly interesting year both politically and financially, as both arenas are inextricably intertwined, though on the surface, the leaders from these respective industries often bicker and admonish one another for public show, while smiling and shaking hands behind closed doors. Uncovering this complex and hidden connection almost always requires much deeper digging than is ever executed by mass media financial journalists, who often seem more intent on fawning to banking interests rather than revealing the smallest speck of truth to the public.

If we tackle all flawed arguments against gold on the basis of logic and from the perspective of understanding that from time to time, bankers execute artificial schemes to depress the price of gold to serve their own purposes, then it should be quite simple to ignore your local politician and economist when they tell you that you shouldn’t buy gold because it is a bubble.