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Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says

Tyler Durden's picture




 

Remember when banks were exposed manipulating virtually everything except precious metals, because obviously nobody ever manipulates the price of gold and silver? After all, the biggest "conspiracy theory" of all is that crazy gold bugs blame every move against them on some vile manipulator. It may be time to shift yet another conspiracy "theory" into the "fact" bin, thanks to Elke Koenig, the president of Germany's top financial regulator, Bafin, which apparently is not as corrupt, complicit and clueless as its US equivalent, and who said that in addition to currency rates, manipulation of precious metals "is worse than the Libor-rigging scandal." Hear that Bart Chilton and friends from the CFTC?

More on what Eike said from Bloomberg:

The allegations about the currency and precious metals markets are “particularly serious, because such reference values are based -- unlike Libor and Euribor -- typically on transactions in liquid markets and not on estimates of the banks,” Elke Koenig, the president of Bafin, said in a speech in Frankfurt today.

Actually, what makes the most serious, is that precisely because they are on liquid markets means they implicitly have the blessing of the biggest New Normal market maker of call - the central banks, and their own "regulator" - the Bank of International Settlements (hello Mikael Charoze).

“That the issue is causing such a public reaction is understandable,” Koenig said, according to a copy of the speech. “The financial sector is dependent on the common trust that it is efficient and at the same time, honest. The central benchmark rates seemed to be beyond any doubt, and now there is the allegation they may have been manipulated.”

 

Bafin has also interviewed employees of Deutsche Bank AG as part of a probe of potential manipulation of gold and silver prices, a person with knowledge of the matter has said.

We wonder how long until this particular investigation is stopped based on an "executive order" from above, because Bafin is now stepping into some very treacherous  waters with its ongoing inquiry of gold manipulation: what it reveals will certainly not be to the liking of the financial "powers that be."

 

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Thu, 01/16/2014 - 15:39 | 4338623 Atlantis Consigliore
Atlantis Consigliore's picture

You a Pizza Chit; you know what Im Talkin Bout, You Cockroaches.....  

Thu, 01/16/2014 - 16:00 | 4338699 dwayne elizando
dwayne elizando's picture

Chu calling me a liar mane?

Thu, 01/16/2014 - 15:39 | 4338624 Sufiy
Sufiy's picture

Very good timing!

 


Arthur Cutten: COMEX Gold Potential Claims Per Deliverable Ounce Rises to Historical High 112 to 1


  After issuing his Buy Signal on Gold, Arthur reports the new historical all-time-high leverage at COMEX with 112 potential owners for each one ounce of Gold! http://sufiy.blogspot.co.uk/2014/01/arthur-cutten-comex-gold-potential.h... Arthur Cutten: JPM Holds the Whip Hand on the Comex - Gold Buy Signal GLD, MUX, TNR.v, GDX

 "Arthur Cutten has issued his Buy Signal on Gold. He has a very conservative approach and his article speaks for itself."


Thu, 01/16/2014 - 16:20 | 4338764 Kirk2NCC1701
Kirk2NCC1701's picture

So many PROMISES made in the heat of the night, in the cover of darkness.

So few kept by the light of day.  So many precious orphans created.  Who will fed them all?

Oliver:  "Moar gold please, sir."

"Moar gold, you say?  What cheek!  Get to work, you orphan bastard!"

Thu, 01/16/2014 - 21:36 | 4339731 AllWorkedUp
AllWorkedUp's picture

Downvoted you, just because you're a dick.

Thu, 01/16/2014 - 22:32 | 4339859 DirkDiggler11
DirkDiggler11's picture

I second that down vote !

Thu, 01/16/2014 - 16:39 | 4338813 americanspirit
americanspirit's picture

Also known as Jesse's Cafe Americaine

Thu, 01/16/2014 - 16:42 | 4338825 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Sorry to dupe a post I just made, but I think this is important for people to understand:

 

I'm watching the same numbers you are, but don't get too excited just yet.

 

http://jessescrossroadscafe.blogspot.ca/2014/01/comex-warehouse-potential-claims-per.html

 

Has pretty high quality color comentary on why a Comex failure isn't likely anytime soon.  In an earlier entry he pointed out "delivery" is legally made when a long contract holder is given a paper warrant by a too big to fail bank.  The warrant never expires and can be used as collateral for a loan making is good as gold unless your one of those pedantic weirdos.

 

Still lots of machinery in place to keep the reigndeer games going on for a while yet.  I still say the game just ends one day when China says so.  All we know is that today we are one day closer.

Thu, 01/16/2014 - 15:44 | 4338629 Volaille de Bresse
Volaille de Bresse's picture

" 

Have you ever heard of the phrase "Chinese water torture"? This is merely the very slow dripping of water onto someone bound to a table"

 

 

It's on the forehead, to be precise... One drop at a time for hours or days. Uncle Sam's going to scream in agony. 

 

 

 

Thu, 01/16/2014 - 15:41 | 4338633 ConqueringFools
ConqueringFools's picture

And who really cares? Those of us paying attention already know this shit. The entire US and western economies are a scam filled with corruption and special interests etc. Frankly, what the hell is the average American gonna do about it? We are all so reliant on the system nobody wants to bite the hand that feeds them. If I take a stand and say $&@? You IRS you think my employer is gonna stop them from garnishing my wages? You think that judge is going to side with me? You think the police that come to arrest me give a flying crank about what I would be representing? Hell no everyone needs a paycheck.

America is a complete joke! The people are walking brain dead zombies without a clue as to how bad they are getting raped. Where are the militias? Where are the homegrown "terrorists"? Where are the ex Navy SEALS willing to go to bat and mess some stuff up for the Anerican people? Land of Decree home of the slave!

Thu, 01/16/2014 - 16:58 | 4338879 markar
markar's picture

I was able to double up arrow you. Wish I could do more.

Fri, 01/17/2014 - 07:57 | 4340344 Tall Tom
Tall Tom's picture

You can do more. What are you willing to sacrifice? That is the question. Are you comfortable in your chains?

Good...Now be a good servant as your Government depends on you.

 

Yeah...Wish I can do more. Really I do wish that. LOL.

 

(Just do not get caught...Then you can do more.)

Thu, 01/16/2014 - 21:39 | 4339738 AllWorkedUp
AllWorkedUp's picture

I'm here, but I can't do it alone anymore than you can. Then the question is where do we start?

Fri, 01/17/2014 - 07:59 | 4340347 Tall Tom
Tall Tom's picture

Watch the movie, "Fight Club", and learn the basics. You can do it. I know that you can.

Fri, 01/17/2014 - 16:57 | 4342109 MeelionDollerBogus
MeelionDollerBogus's picture

since I started learning about gold & all the fraud around it, directly & indirectly/related in bonds, housing, etc., for price, generational cycles, etc., nothing has changed but the number of ounces I hold & the entry price. Nothing in the cycles, the correlations, the end-game... none of that has changed.
I'm unmoved emotionally by price moves up or down, just positioned for deals with little risk.
These stories are honestly getting boring because they do show no change in the end-game nor forecast changes in entry cost.

Thu, 01/16/2014 - 15:42 | 4338634 kchrisc
kchrisc's picture

But then all the manipulation, while criminal, can be also be regarded as "blue-light specials" by those not backed into a corner.

It has almost been comical to watch, as the banksters have knocked the price down, the Asians and many Westerners have just bought more. The Chinese government must actually have "laugh your ass off" parties at what the banksters are doing for them.

 

Thu, 01/16/2014 - 15:43 | 4338635 Dr. Engali
Dr. Engali's picture

Yep he's dead.

Thu, 01/16/2014 - 15:45 | 4338638 Wolferl
Wolferl's picture

Elke König is a woman.

Thu, 01/16/2014 - 15:49 | 4338662 GVB
GVB's picture

Thank god there are women! :-)

Thu, 01/16/2014 - 15:50 | 4338666 NoDebt
NoDebt's picture

I knew that.  (No, I didn't)

Thu, 01/16/2014 - 15:55 | 4338683 Dr. Engali
Dr. Engali's picture

That's a woman?!

http://youtu.be/XbP9GgiYyPo

Thu, 01/16/2014 - 16:39 | 4338809 Conax
Conax's picture

http://www.ifrs.org/The-organisation/Members-of-the-IASB/Pages/Dr-Elke-K...

 

Just barely.  Yeesh.   I'm glad I didn't search up 'Elke Konig yoga pants'.

Thu, 01/16/2014 - 15:44 | 4338639 gwar5
gwar5's picture

Exactamundo PM manipulation is worse!!  PM's trading is bigger than oil. And the manipulation is tactically dynamic, fluid, strategically coordinated, and multilevel involving government(s). And all of the shit going down are criminal felonies so the whole mess needs to be roped off as an ongoing crime scene.

Thanks GATA!! .... You were correct all along and a decade ahead of everybody else.

 

Thu, 01/16/2014 - 15:47 | 4338647 Silverhog
Silverhog's picture

Gold will be at $10,000 before CNBC mentions the investigation. 

Thu, 01/16/2014 - 15:55 | 4338684 NoDebt
NoDebt's picture

Hey, it's up $3 right now on this devastating story of <gasp!> manipulation in the gold market.  Only eight thousand some odd dollars to go and we're there.

Thu, 01/16/2014 - 16:06 | 4338712 SilverDoctors
SilverDoctors's picture

CNBC may not cover it, but Glenn Beck just took 20 minutes on The Blaze discussing gold rehypothecation and ze German gold.   Story is slowly but surely getting out among the mainstream.

http://www.silverdoctors.com/glenn-beck-takes-gold-rehypothecation-story...

Thu, 01/16/2014 - 16:44 | 4338828 Toolshed
Toolshed's picture

WTF? Glenn Beck speaking logically, rationally, and un-emotionally? Why didn't I get the memo about hell freezing over?

Thu, 01/16/2014 - 19:07 | 4339202 fijisailor
fijisailor's picture

Yea that really surprised me.  FOX must have been paying him to be an idiot extremist when he was really a logical guy all along.

Thu, 01/16/2014 - 20:37 | 4339554 Clowns on Acid
Clowns on Acid's picture

You are a tool and / or a lazy thinker of LSM if you think Beck was an"idiot extremist" at FOX. Beck called gold to 1500 when it was 700, Beck predicted the constitutional dosaster that is Obama 6 years ago...

Beck was correct on just about everything he reported / opinionated on.... so smaten the fuck up before you talk dumb fuck. 

Thu, 01/16/2014 - 21:22 | 4339683 Wen_Dat
Wen_Dat's picture

Now tell glen you're sorry Fiji.

Fri, 01/17/2014 - 08:02 | 4340348 Tall Tom
Tall Tom's picture

Good to see that you are here.

Thu, 01/16/2014 - 15:47 | 4338652 In Fed We Trust
In Fed We Trust's picture

Obama, don´t drink any cocktails prepared by VP Joe Biden. 

 

Frank

Thu, 01/16/2014 - 15:58 | 4338691 maskone909
maskone909's picture

i hear the guy loves cocktails minus the tails

Thu, 01/16/2014 - 15:48 | 4338656 one-in-nine
one-in-nine's picture

If the German's aren't careful, they may ask to repatriate their hundreds of tons of gold and instead get a few tons with a promise for the rest.
.
.
oh, never mind... lol

Thu, 01/16/2014 - 15:49 | 4338663 Kaiser Sousa
Kaiser Sousa's picture

"The simple fact that anyone can understand is that the demand for physical gold far outstrips the annual mine supply.  China’s appetite for gold changed everything.  Not only the official gold purchased by the government, but the burgeoning demand by the Chinese public.  There are hundreds of millions of new and potential new buyers and they are entering into a market already oversold. The “readily available” gold, to meet the demand, is shrinking rapidly.  Comex gold, GLD gold, gold held in London – all is being drained to the point that central bank participation in the sales is all that is balancing the scales.

Will the West run out of gold to sell to Asia?  No!  There are tens of thousands of tonnes laying around, but they are NOT FOR SALE.  The question becomes, at what price will the owners of that gold decide to sell some of it?  Not at these prices.

That’s why I believe that when gold makes it move up and frees itself from the paper manipulation (in the next few weeks or few months is my guess), the move up will be rather fast, not slow and drawn out.  It will be the move up by gold that will cause the drop in the dollar, and not the other way around.  Now that’s a novel thought, one I haven’t seen in print yet. Once gold shoots past its previous high, around $1900, dollar holders around the globe will take notice – and ask themselves why is this happening?  It will cause doubt in the dollar’s worth as a store of value.  Once the dollar starts to fall, below the high 70s, the move will be self-reinforceing, like a snowball rolling down a mountain.

So, when it comes to gold (and silver), I have but two words to say:  All’s good!"

http://blog.milesfranklin.com/

Thu, 01/16/2014 - 16:03 | 4338705 Seeking Aphids
Seeking Aphids's picture

Your thought about the loss of faith in the $US as a function of the rise in gold prices is why there has been such frantic and obvious efforts made to keep it down imho. You are fighting the powers that be with the idea that gold will run up quickly but you could still win that fight as they don't have an unlimited supply and as blatant manipulation could be problematic.......

Thu, 01/16/2014 - 16:20 | 4338766 Gene Parmesan
Gene Parmesan's picture

They'll kick off WWIII before they allow any of this to happen.

Thu, 01/16/2014 - 16:23 | 4338776 Kirk2NCC1701
Kirk2NCC1701's picture

No Problem:  "CASH FOR GOLD 2.0"

Thu, 01/16/2014 - 15:51 | 4338670 DrDinkus
DrDinkus's picture

these anime ads with the busty lassies, while enjoyable, is making it harder to browse ZH at work..

Thu, 01/16/2014 - 15:53 | 4338680 Fuh Querada
Fuh Querada's picture

Is it worth deactivating Adblocker this time?

Thu, 01/16/2014 - 16:07 | 4338713 James
James's picture

"Is it worth deactivating Adblocker this time?"

 

HaHaHa, I tried that and I only got financial type ads

Thu, 01/16/2014 - 16:18 | 4338758 insanelysane
insanelysane's picture

Me thinks the good doctor is googling anime or porn and then going on ZH.  You must have been googling finance.  I on the other hand only see adds for 

Thu, 01/16/2014 - 16:45 | 4338835 Conax
Conax's picture

https://startpage.com/

GOOGLE nothing- act casual.

Thu, 01/16/2014 - 21:28 | 4339709 unrulian
unrulian's picture

i could kiss you...even with that moustache

Fri, 01/17/2014 - 16:59 | 4342113 MeelionDollerBogus
MeelionDollerBogus's picture

no but installing adblocker at work is not always so easy

Thu, 01/16/2014 - 15:51 | 4338676 Fuh Querada
Fuh Querada's picture

"probe of potential manipulation "
That must be the red-hot wire being prepared for insertion into DB VPs asses, as post(erior)ulated by Jim Willie recently

Thu, 01/16/2014 - 15:54 | 4338681 1stepcloser
1stepcloser's picture

I see the Germans want to make it 14 years....You mess with the bull you get the horns....

Thu, 01/16/2014 - 15:58 | 4338693 Inthemix96
Inthemix96's picture

Manipulating the gold price, the Libor rate, the interest rate via CPI and RPI, the housing market, the commodities we fucking eat, the oil prices, the gas and electric markets, drug running, along with various weapons running, laundering said money, paying shitty % fines of such as a cost of doing business, and still, not one of them in jail.

All at zero percent interest rates, for them, with money given from a private cartel, for nothing to loan on their 'Normal' busniess models at anywhere from 29.9% APR, to 5,900% APR.

What the fuck is 'Not' to like about their business model?  Hell, is far to good a place for these cunts.

:-(

Thu, 01/16/2014 - 16:13 | 4338738 css1971
css1971's picture

Welcome to The Awakened.

Did you see David Cameron is going to bat for The City?

http://www.theguardian.com/world/2014/jan/15/cameron-to-demand-eu-treaty...

 

Thu, 01/16/2014 - 22:25 | 4339842 logicalman
logicalman's picture

Going to bat.....

As in being a blood-sucking flying mammal?

Fri, 01/17/2014 - 16:59 | 4342117 MeelionDollerBogus
MeelionDollerBogus's picture

Oy, you forgot manipulating the justice market which is why they're not in jail.
And yes, it's a market as rigged & for sale as anything else could be!
Q: where can you find the highest price cunt for sale?
A: judges' chambers
http://youtu.be/_3reLyBB6ms

Thu, 01/16/2014 - 16:02 | 4338701 Crash Overide
Crash Overide's picture

Can anyone provide an example of a market that is not manipulated?

Local bingo @ the Moose maybe?

Thu, 01/16/2014 - 16:02 | 4338703 rosiescenario
rosiescenario's picture

LIBOR is far worse in that so many contracts and deriveatives are tied to it....it dwarfs the pm market.

 

Not that any of this criminal activity in either market will ever be punished....it is impossible for that to happen since the regulators would be cutting their own throats.

Thu, 01/16/2014 - 16:30 | 4338787 BandGap
BandGap's picture

Which is wy this story intrigues me. The psychological effect must outweigh the net worth of the gold being manipulated. Otherwise this is a small, back stage story.

Thu, 01/16/2014 - 17:09 | 4338906 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The attack on the USD as reserve currency is on. It is coming from all angles now.

Thu, 01/16/2014 - 19:35 | 4339301 Bastiat
Bastiat's picture

Who knows just what conctracts and dervatives are tied to the price of gold? 

Thu, 01/16/2014 - 16:04 | 4338706 whisperin
whisperin's picture

Must be the response to the paltry sum of 32 (?) tons sent back from the good ole USS of A.

Thu, 01/16/2014 - 16:05 | 4338708 adonisdemilo
adonisdemilo's picture

@NoDebt

Two more words;

Already ordered.

Thu, 01/16/2014 - 16:05 | 4338710 Madcow
Madcow's picture

Things might turn out okay - so long as banks are prohimited from "prop trading" or "making markets" in commodites, FX, and futures markets.

 

What was wrong with Glass Steagall ??

Fri, 01/17/2014 - 00:02 | 4340043 Clowns on Acid
Clowns on Acid's picture

Nothing was wrong with Glass Steagal except that RobertRubin and tribe, could make more money if it was repealed. So they got Bill Clinton (incredibly) voted into the WH the same way JFK got elected (and Obama)...thru the Media.

Once they had their boy in office all they had to do was illustrate all the "benefits" of effciciencies of scale by allowing banks, insurance companies and brokers merge under 1 corporate umbrella. And that's what RobertRubin friend Sandy Weill had an insurance company with an umbrellas its corporate logo.

After 2007/08 Glass Steagal was 37 pages long... it has now been replaced by Dodd Frank and DR is 14,000 pages. Oh yeh eeverybody understands what is in Dodd Frank... its going to save the system and really scare the banksters straight.

Thu, 01/16/2014 - 16:10 | 4338722 skank
skank's picture

Because can.

Thu, 01/16/2014 - 16:11 | 4338727 fijisailor
fijisailor's picture

OK so where are all those ZH trolls who claim it's not manipulated now?  Conveniently quiet huh?

Thu, 01/16/2014 - 16:12 | 4338735 youngman
youngman's picture

so they make a few hundred billion..and then pay a fine of just 2 0r 3 billion...its still a good business move...

Thu, 01/16/2014 - 16:13 | 4338736 AGoldhamster
AGoldhamster's picture

revenge - now Germans will never ever get their gold back - damned regulators.

Thu, 01/16/2014 - 16:17 | 4338747 SumSUN
SumSUN's picture

And I keep stacking while it's on sale.  Along with China, Russia, India etc.

Thu, 01/16/2014 - 16:17 | 4338748 AGoldhamster
AGoldhamster's picture

Eikie will be blackmailed by NSA. 1,2, 3 .... until he rows back?!

Thu, 01/16/2014 - 16:17 | 4338749 swanpoint
swanpoint's picture

But TRADER DAN says it ain't so!

Thu, 01/16/2014 - 16:47 | 4338839 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Unlike a lot of traders in 2013, Dan still has money.

Thu, 01/16/2014 - 23:07 | 4339930 swanpoint
swanpoint's picture

He's no fool and he's no sucker. Been reading daily for a year or two. Found him via Turd, who I stopped reading a year or two ago.

Thu, 01/16/2014 - 16:18 | 4338751 seek
seek's picture

I'll take a contrarian side this this thought experiment:

Perhaps the financial powers that be in Germany ordered this to happen, rather than being against it?

The truth would greatly damage the US and the Fed -- if Germany thought pressure like this could speed up deliveries of the non-existant gold, I could see them using this.

The game theory here is interesting -- if the German gold will never be delivered, they would have a motive to expose the fraud. If Germany doesn't believe it will be delivered on any sane schedule, they are probably still motivated to expose it, since letting the powers that fucked them stay in power is likely not beneficial to them, especially if they're backing non-German interests in the EU metldown, which they likely are. Germany's only real motive to shut up about this is early return of their gold holdings -- and once they have the holdings, it's again in their interest to exposure the fraud.

Short version: If Germany doesn't believe they're getting their gold back -- either ever or "soon," they have every reason to fuck the Fed over with the truth.

Kind of ironic giving someone their own money back is "hush money" here.

Thu, 01/16/2014 - 17:19 | 4338924 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Either that or Russia/China has made an agreement to quietly reimburse the gold from the reserves China is buying hand over fist and between the 7 year gold delivery and NSA debacle Germany has had enough and has quietly switched teams. This being one of the favors asked in return which is attack the gold manipulation scheme since it is in Germany's interest for the price to increase anyways if the gold is guaranteed to be delivered by China now.

Russia has leverage on Germany, who runs EU natural gas barter town and has a dedicated pipeline in the system reserved exclusively for Germany.

That part of the world needs gas more than they need the USD....

Thu, 01/16/2014 - 17:33 | 4338974 tenpanhandle
tenpanhandle's picture

My tinfoil hat works better than yours.  Yours must have a large hole in it.  Better check.

Thu, 01/16/2014 - 17:42 | 4338980 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Mine is silver flake encrusted. Besides aren't the financial agreements about up that the German government had to honor due to the reconstruction of Germany after WWII?

Fri, 01/17/2014 - 17:01 | 4342123 MeelionDollerBogus
MeelionDollerBogus's picture

broken assumption: what if Germany's government only pretended to want gold back, to be popular, but actually would happily see it never return so long as other benefits came in its place (only for government)?

Thu, 01/16/2014 - 16:22 | 4338767 Riprake
Riprake's picture

The best way to counteract such manipulation? Buy delivery contracts and demand delivery. If enough people do that, the game is up.

If you specifically do that, you either get the goods at a manipulated artificially low price (if you're early to the table), or you get a cash settlement at significantly more than you paid for the contract (if you're late). The only way you lose is if the companies selling these bits of paper get to default on those contracts altogether, which is what happens if you're really late to the table. In the game of paper gold where delivery contracts are basically a form of buying on margin, a demand for delivery is a margin call; the difference is that this time it's the guy who owns things on paper who gets to make that call, and the seller who has to pay for it or go bust.

Thu, 01/16/2014 - 16:27 | 4338784 seek
seek's picture

...or you get MF Global'd. I think that's the real reason we haven't seen a big player do this already.

Thu, 01/16/2014 - 17:54 | 4339012 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

You'll probably see that move happen by someone outside in a place like Russia, etc once the gold musical chairs buying spree music is ready to stop and it is time to go in for the kill on USD hedgemony.

Fri, 01/17/2014 - 05:31 | 4340274 Cast Iron Skillet
Cast Iron Skillet's picture

that's "Corzined", if you please.

Thu, 01/16/2014 - 18:00 | 4339027 lakecity55
lakecity55's picture

Are not folks already doing that with mint issues?

The BOE has already sold out of this year's sovereigns unless they mint more. I think the US Mint has also put a limit on Ag Eagles, someone correct me if I am wrong.

Long PMs!

Keep Stackin!

Keep Packin!

Thu, 01/16/2014 - 16:23 | 4338774 eddiebe
eddiebe's picture

Nixon truely was a DICK.

Thu, 01/16/2014 - 17:04 | 4338897 therevolutionwas
therevolutionwas's picture

Dicktater head

Thu, 01/16/2014 - 16:39 | 4338814 Save_America1st
Save_America1st's picture

FUCK YOU, Bart Chilton and friends from the CFTC!!!

There...it helps a little, but I'm still pissed.  ;-) lol

Thu, 01/16/2014 - 18:20 | 4339090 AL_SWEARENGEN
AL_SWEARENGEN's picture

That is the correct attitude sir.  Round up all these bought out COCKSUCKERS together.  Tar and feather them, one and all.  No exceptions.

Thu, 01/16/2014 - 16:43 | 4338826 CryptoCoinUser
CryptoCoinUser's picture

Invest in physical gold and silver while the price is manipulated down: https://silversaver.com/share/KZ7XE/

Thu, 01/16/2014 - 17:04 | 4338895 therevolutionwas
therevolutionwas's picture

silversaver, goodpeople.

Thu, 01/16/2014 - 16:46 | 4338836 americanspirit
americanspirit's picture

A few years ago I had the pleasure of visiting Nixon's grave in Yorba Linda and pissing on it. Well, actually, I had to piss in a spray bottle and then spritz it onto the grave because of the guards, but it sure was fun. Had to wait for the right wind direction, so was kneeling in humble prayer a bit longer than planned, but it all worked out just fine.

Thu, 01/16/2014 - 19:25 | 4339264 roadhazard
roadhazard's picture

I'm jealous, well done, sir.

Thu, 01/16/2014 - 16:46 | 4338841 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Off topic but maybe this is the real reason why JPM is getting out of the EBT business.

http://weaselzippers.us/no-joke-colorado-dems-approve-of-welfare-recipie...

Saying some neighborhoods have more pot shops than banks, Colorado Democrats on Wednesday rejected a proposal to ban the use of public assistance cards to obtain cash at marijuana-shop ATMs

The Senate State, Veterans and Military Affairs Committee voted 3-2 along party lines against a GOP proposal to add marijuana shops to the list of places where recipients of public assistance can’t use their government-issued EBT cards to access cash.

The list already includes casinos, liquor stores and gun shops.

Sen. Vicki Marble, R-Fort Collins, said Colorado’s new legal pot industry needs to make sure not to invite federal scrutiny through improper cash withdrawals at recreational or medical marijuana stores.

“Already we are operating an industry which is not allowed under federal law,” said Marble, one of the chief lawmakers involved with Colorado’s marijuana regulation bills.

If federal authorities notice public benefit card use at marijuana shops, “I have a feeling we’re going to see trouble we’re not ready to deal with,” she said.

Democrats on the committee said some neighborhoods have few ATMs, and the Legislature should address those banking deserts before piling on places where public assistance cards can’t be used.

“I’m not comfortable limiting that access until I’m certain we’ve done that due diligence to make sure people can access their benefits when they need to,” Sen. Irene Aguilar, D-Denver, said.

Thu, 01/16/2014 - 16:48 | 4338848 therover
therover's picture

The financial sector is dependent upon the sheeple to believe everything they say and nothing of what they do'

Fixed.

 

Thu, 01/16/2014 - 17:57 | 4339021 lakecity55
lakecity55's picture

While in the meantime the banksters move East as they have drained the West.

New lands to exploit, bitches!

Fri, 01/17/2014 - 17:02 | 4342125 MeelionDollerBogus
MeelionDollerBogus's picture

China is an old civilization chock-full of banksters for millenia - just not Rothschild banksters.
There's no room for more to move in.

Thu, 01/16/2014 - 16:56 | 4338861 Save_America1st
Save_America1st's picture

All this talk of Chinese gold.  I sure wouldn't want to be Japan and Taiwan anytime in the not so far off future.  Them Chinese, I'm sure, don't forget very easily...and most likely when it comes to the subject of their stolen gold!

Japan looted over 6000 tons of gold from China and Taiwan apparently stole over 100 tons in the mid-40's. 

I'm thinkin' one of these days when the good 'ol U.S.S. of A. can't or won't defend those two islands sitting right next to China anymore, then well...Japan and Taiwan can kiss their asses good-bye.

How One Man Took China’s Gold

http://etfdailynews.com/2013/09/24/how-one-man-took-chinas-gold/

Japan might need to worry about a whole other kind of radiation wiping them out if they refuse to fork over what gold they have left. 

Thu, 01/16/2014 - 17:01 | 4338888 therevolutionwas
therevolutionwas's picture

they can kiss their "assets" goodbye.

Thu, 01/16/2014 - 22:31 | 4339856 logicalman
logicalman's picture

China might not want radioactive gold.

Fri, 01/17/2014 - 01:02 | 4340122 combatsnoopy
combatsnoopy's picture

There's much talk in Asia about Bitcoin....
and I quote (from a source):

News: 1.NBA 2 Kings accept bitcoin payments. independent filmmaker community filmannex.com coins to reward users with 3.POS machine manufacturers as the official currency Quezal will be integrated in all products coins collection features 4. Pirate Party Lords believe that coins might rise to 200~500 million dollars/5. United States, "market network" BackPage.com to accept bitcoin payments 6. Premium articles Chicago Sun Web site to accept bitcoin payments 7. Belgium issued coins in the financial sector risks, Belgium bitcoin Association said the news was encouraging sales 8.porn.com one-fourth from bitcoin payments 9. Japan Islands private country proclaim coins as the official national currency 10. India hosts RivalHost.com accept bitcoin payments 11. foreign media reports United States largest bank Wells Fargo may accept bitcoin 12. Malaysia online store KED.AI accept bitcoin payments 13. United States coins can be used for taxes! 14. Canada real estate developers to accept bitcoin payments 15. maximum bars in New York prepared to accept bitcoin payments 16. Australia's largest cigar retailer to accept bitcoin payments.

Thu, 01/16/2014 - 17:01 | 4338885 lordlyking
lordlyking's picture

Baffin should have a chat with Freed GOLD site author. He seems to be clued in to the BIS element in this whole sorry farce. And he is the only commentator I've seen get price action totally right.

Nothing will come of this investigation. Naturally. The strategy I of the manipulation always was to hasten Bullion East from West. The cry of manipulation and the inevitable consequences has been loud for so many years now. To no avail. The Bullion is where the BIS decided it wants it. Game over!

Thu, 01/16/2014 - 17:48 | 4339001 grekko
grekko's picture

Bull!  The game is afoot!  Just see what happens when the COMEX and LBMA vaults run dry.

Thu, 01/16/2014 - 17:04 | 4338898 beegle
beegle's picture

amazing ... never seen before ... all the gold shorts going to work in the morning 

 

https://www.youtube.com/watch?v=iKhsPO6yYko

Thu, 01/16/2014 - 17:05 | 4338900 PaperBear
PaperBear's picture

I don’t expect Germany will ever see their gold that is supposedly in the New York federal reserve ever again.

Thu, 01/16/2014 - 17:07 | 4338904 Uncle Remus
Uncle Remus's picture

Do ya think?

Thu, 01/16/2014 - 17:54 | 4339013 lakecity55
lakecity55's picture

The moar play this gets to Joe working or Joe laid-off dude, the moar faith is lost in the "system."

I hope a drone does not accidentally fire a missile into his broadcast studio.

When he went after the Fed, he got kicked off of Fox as I recall.

I think he has an Israel First agenda, I am not on board with all his stuff.

Thu, 01/16/2014 - 17:37 | 4338977 1Inthebeginning
1Inthebeginning's picture

Sorry guys. Off topic. Some of my business contacts are reporting that due to the ppaca employees are going to part time, health insurance costs are sky rocketing, and some employees are being made 1099's. I am beginning to see companies adapt to the new law.

Yeshua bless

Thu, 01/16/2014 - 17:38 | 4338984 silverstud
silverstud's picture

Who but a big Wall Str bank can trade hundreds of thousands of PM contracts in a few minutes to force the price down?

It ain't rocket science and it ain't a conspiracy.

 

Thu, 01/16/2014 - 17:56 | 4339018 Joebloinvestor
Joebloinvestor's picture

Anything that can be manipulated will be.

Thu, 01/16/2014 - 18:07 | 4339052 Jackagain
Jackagain's picture

Especially elections...

Thu, 01/16/2014 - 18:20 | 4339063 Radical Marijuana
Radical Marijuana's picture

Every market is rigged because the foundation of the entire system has become the fraud of private banks making the public "money" supply out of nothing as debts, which fraud is enforced by governments, because the methods of organized crime were covertly applied to successfully take over control of the political processes. There was never any reasonable doubt that any market was not rigged, after one faces the basic fact that private banks enjoy the privilege of the legalized counterfeiting of the public money supply, while governments force everyone, including themselves, to operate within that fundamentally fraudulent financial accounting system.

The deeper problem is that in order to understand how the "markets" really work, one must understand how organized crime really works, because that is what actually controlled what governments did. The deeper problem is that money is measurement backed by murder. Therefore, the price of gold or silver, or anything else, necessarily exists inside the context where fraud and murder are actually operating as the hidden bottom line, in ways which depend upon that fact being denied and suppressed, in order to continue to be successful. Ironically, people who complain that there is no genuine "free market" tend to overlook what has actually happen is that there is a sort of "free market" in murder, and the rest of the methods of organized crime, which have actually controlled the real political processes, to enable the long history of successful warfare based on deceits to become financial affairs based on fraud.

The price of gold and silver was always rigged by the murder systems which made and maintained money systems. It was not an accident that thousands of years ago the value of gold and silver was set by the use of swords and spears. However, now that our weapons have become trillions of times more powerful, so far there has not been anything but the mostly inertial drift of social habits being amplified many orders of magnitude through the old social pyramid systems. It should not be surprising that the rigging of the price of gold and silver, the traditional monetary metals, could be greater than the rigging of the interest rates. However, all of that kind of market rigging is relatively trivial compared to the basic fact that the enforced public money supply has become private banks creating electronic fiat money out of nothing, which only has value because the governments back that up with their police and armed forces, through legal tender laws, and the collection of taxes payable in that fiat money.

The resolutions of these problems are extremely problematic, because that would take understanding how and why human civilizations necessarily operate as energy systems, which were best described as being based upon the principles and methods of organized crime. Energy systems should be understood through unitary mechanisms, rather than using false fundamental dichotomies, which results in the paradox being that governments were the biggest form of organized crime, controlled by the best organized gang of criminals, the international bankers. Better resolutions for these problems would require better understanding of their basic nature. However, almost everything in almost every established political and social institution has become a deliberate obstacle to the better understanding of themselves.

OF COURSE, the price of everything is rigged, because the money supply itself is the most fraudulent and rigged thing of all. However, there are no facile ways to fix that problem, and certainly no way to return to sound and honest money which does not deal with the paradox that that achievement would actually depend upon a sound and honest murder system, in the context of a sound and honest way that the methods of organized crime controlled civilization The notions that silver or gold, or any other commodity, could have an "honest price" in a "free market" are actually laughably absurd inside the REAL context that the global economy is already electronic frauds, backed by atomic bombs.

The market for gold and silver was ALWAYS rigged by the murder market. The fiat money system was always rigged by the murder market. There are actually no genuine solutions to these problems which can exist outside of the de facto murder market. Given that there is now an abundance of weapons of mass destruction, the murder market has become more extraordinarily insane and irrational than is possible to comprehend, while nevertheless, that collective social insanity is more and more being represented through the monetary system that regulates economic activities to therefore become more insanely out of touch with their real natural environment, at an exponentially accelerating rate.

EVERY MARKET IS INSANELY RIGGED, BECAUSE THEY ALL DEPEND UPON THE MURDER MARKET, WHICH IS THE MOST INSANELY RIGGED OF ALL. HOWEVER, THERE ARE ACTUALLY NO REAL SOLUTIONS WHICH ARE POSSIBLE UNLESS THE MURDER MARKET,  AS THE FOUNDATION OF EVERYTHING ELSE, WAS IMPROVED, TO BECOME LESS INSANE. THAT IS THE DEEPER REAL PROBLEM THAT WE FACE, WHOSE FACETS ARE BEING SUPERFICIALLY SHOWN BY THE REVELATIONS OF ONE AFTER ANOTHER OF THE OTHER LESSER MARKETS HAVING BEEN RIGGED, AS HAS BEEN GRADUALLY DEMONSTRATED DURING THE LAST FEW YEARS ...

Thu, 01/16/2014 - 18:48 | 4339152 silverstud
silverstud's picture

The only thing you omitted to say is how the murder market rewrite past history to cover their tracks. They have been doing this for many decades - for example the continual reference by the media to the Holocaust while the fact that many more innocent Germans died after the second world war - largely through starvation, disease and occupation is almost completely ignored.

The rewriting of history is now being widely challenged on the Internet where conflicting voices can spar and present their own theories bypassing the dictum of the controlled mainstream media.

One only has to watch CNBC to see how constrained and narrow the self-serving Wall Street mob are - no wonder they overlook big bank manipulation and how the price of PM is just another plaything for the big boys.

Little wonder the powers are working on controlling the net.

Thu, 01/16/2014 - 19:14 | 4339230 shovelhead
shovelhead's picture

LOL,

Innocent Germans...

"I know nothingk"

Thu, 01/16/2014 - 19:38 | 4339309 Radical Marijuana
Radical Marijuana's picture

I agree with you, silverstud, "The rewriting of history is now being widely challenged on the Internet ... Little wonder the powers are working on controlling the net."

The paradoxes of "history written by those who win the wars" tend to reverse the historical facts that those who won the wars were the ones that were the best at being dishonest, and backing that up with destruction. Therefore, the ways that history is rewritten tends to become a Bizarro Mirror World, where what the rewritten versions say is proportionately backwards to what actually happened. When one attempts to put that into better perspective, in a sense the only "war crime" is to lose the war. The biggest war criminals are those who win the war, which then enables them to punish the losers for having been "war criminals."

In that context, I repeat the paradox that historical processes were manifesting energy systems, through unitary mechanisms, NOT as fundamental dichotomies. Thus, there was nothing else than different systems of organized lies operating organized robberies, whereby those who were the best at doing that prevailed. Hence, governments are always the biggest forms of organized crime, controlled by the best organized gangs of criminals. War was that kind of politics, manifesting through its most extreme forms.

The severe contradictions that we face today are that there have been profound paradigm shifts in basic sciences, which have enabled technologies to become trillions of times more powerful and capable than ever before in human history. Those paradigm shifts in basic sciences were ways in which people stopping thinking in terms of false fundamental dichotomies, and rather started to think in terms of unitary mechanisms. However, when one attempts to do that in the realm of political science one runs into the HUGE OBSTACLE that the results go through the looking glass of our Bizarro Mirror World, to reveal that human beings are always operating organized systems of lies and robbery, while the dominate way that we discuss the dynamic equilibria of those different systems is that those versions which become dominant are able to use the language that they are the "good guys," while those who were defeated were the "bad guys." In reality, the best organized crime was what actually prevailed.

The language about history written by those who won the wars I refer to as the biggest bullies' bullshit social stories. That is full to the brim of false fundamental dichotomies, and their related impossible ideals, which ideals actually make the opposite happen in the real world. Therefore, political problems continue to get worse, faster, because it is practically impossible to become more scientific about those problems in any politically effective ways. The vast majority of people are taught by the school system and mass media to perceive the world in ways whereby they utterly fail to understand that almost everything is backwards to the ways that it is being shown to them.

The history of the economic system follows the same pattern as the presentation of military history. Lies by omission dominate how those stories are told. The most important facts are almost never mentioned by the school systems or the mass media. IT SHOULD BE PLAINLY OBVIOUS TO COMMON SENSE THAT PRIVATE BANKS BEING ABLE TO MAKE THE PUBLIC "MONEY" SUPPLY OUT OF NOTHING AS DEBTS IS FRAUD. HOWEVER, ALL OF THE MAINSTREAM SCHOOLS OF ECONOMICS ARE BASED UPON NOT FACING THAT FACT, BUT RATHER TALKING AROUND IT IN EVERY WAY POSSIBLE. Therefore, of course the markets are all ridiculously rigged by the consequences of runaway frauds, making those doing that become more and more wealthy and powerful, and therefore, more and more able to continue to dominate the funding of the various schools, as well as control the mass media. The history of market rigging is just as BACKWARDS as are almost all other versions of history, written by the victors.

Thu, 01/16/2014 - 19:57 | 4339380 silverstud
silverstud's picture

I have chooks and see so many similarities to their pecking order to what goes on in the lives of homo sapiens. I am talking from the perspective of motivation in life.

Maslow had his own theory but I think when push comes to shove all God's creatures on earth reflect the same basic principle as my chooks.

It makes sense - we all evolved from a single life form and retain so many of its values.

The people who run the big banks are top chook and the pecking order is simply modified and more complex but the principle is the same.

So expecting the "head chook" (Mafia/Big Bank/Government) to comply with the needs of the lesser chooks is unattainable. Like in the classic "Animal Farm" they will always find a way to maintain their status in the chook house.

 

Thu, 01/16/2014 - 21:31 | 4339719 Radical Marijuana
Radical Marijuana's picture

Yes, silverstud. The difference is that rare birds did not build atomic bombs, while some human beings were able to. That is the source of the problem with the human pecking order, in the form of social pyramid systems based on the top chooks using dishonesty, backed by violence, to keep the other chooks in line ... Those systems are now electronic frauds, backed by atomic bombs.

Thus, the human pecking order managed, on the one hand, to use science and technology to become trillions of times more able to be dishonest, and back those frauds up with violence, while, on the other hand, no human intelligence is politically possible to apply to examine the purposes, or the fundamental design science aspects of the established social pyramid systems. Our civilization IS doing human animal farming. However, that domestication of animals, and human farming, or slavery, is the oldest technology, probably even before the domestication of plants, which is the most deeply deceitful about itself.

Therefore, our social system is basically sophisticated social slavery, where science is primarily employed by the rulers against those ruled, by using technologies that are trillions of times more powerful and capable to accomplish the same old goals of keeping the vast majority of people ignorant and afraid, so that they can be controlled and exploited. Those kinds of social goals are what guides things like the development of robots, etc., which makes all of that become more and more outrageously insane and psychotic.

Theoretically, we should breakthrough to better understanding human ecology, in order to do that better. However, what is in the way are the established systems being so totally dishonest that they can never admit what they are really doing. The central concept of human ecology is necessarily the death controls, but the facts about that are based upon the history of successful deceits, along with as much dissembling about what was really happening as was possible to be sustained. Therefore, civilization as whole keeps on getting crazier and crazier. We are pumping things like electronics and atomic energy into social systems dominated by legalized lies, backed by legalized violence, while nothing more scientific about those social systems is allowed to be become politically significant within those systems. Rather, overall, I believe that more people are being brainwashed to become stupider, as well as organically having their brain development poisoned in even worse ways.

Therefore, it is very hard to imagine how we can actually ever go forward to apply design science concepts to politics, in ways whereby we would start searching for what works, rather that repeating over and over again the same old-fashioned ideas that backfire so badly. Indeed, what "works" is only allowed to be what makes the ruling classes able to get away with being ever more dishonest and violent. Therefore, the human pecking order is that same as it ever was, for millions of years, back before there were "human beings" per se ... BUT, the development of progress in science and technology is NOT being allowed to apply to ourselves, because when one does that, it then becomes clear that the ruling classes operate their debt and death controls in the most expediently evil, and/or insane ways that are possible.

That is WHY I always emphasize the symbolic significance of having developed globalized electronic fiat money frauds, backed up with weapons of mass destruction, representing the human pecking order in the established social pyramid systems becoming runaway social insanities. In that context, the runaway market rigging is driving malinvestments whose true magnitudes are almost impossible to estimate, or to overstate how insane those are actually becoming!

Thu, 01/16/2014 - 22:36 | 4339870 logicalman
logicalman's picture

Humans have the kind of mentality that evolved to deal with weapons as sophisticated as bows and arrows.

Unfortunately, they have developed nukes to replace the bows without changing their mentality.

We're fucked.

Thu, 01/16/2014 - 22:41 | 4339881 silverstud
silverstud's picture

Agreed... you say

That is WHY I always emphasize the symbolic significance of having developed globalized electronic fiat money frauds, backed up with weapons of mass destruction, representing the human pecking order in the established social pyramid systems becoming runaway social insanities.

As personified by the all seeing eye on the US$ bill

Fri, 01/17/2014 - 01:43 | 4340159 Anusocracy
Anusocracy's picture

The system under which nature as a whole operates, might makes right, is essentially the same system that operates in social hierarchies like ours.

Thu, 01/16/2014 - 20:23 | 4339499 DavidPierre
DavidPierre's picture

1913-present:

UNITED STATES of ASSASSINATION

John D. Rockefeller decides to repackage his ruthless self as a great philanthropist and sets up a host of "charities", the best known being the Rockefeller Foundation.

Aside from being a clever bit of propaganda, the tax-exempt foundations provide a way of multiplying the Rockefeller fortune completely free of taxation and then using the vast amounts of cash generated, at the taxpayers' expense, to control to a very great extent the direction and focus of science, education, politics, medicine, economics, law, mass media and a thousand other things in the United States and around the world so that everything comes out right.

Just the way old J.D. would have wanted it. And so it has come to pass.

Thu, 01/16/2014 - 22:44 | 4339883 satoshi101
satoshi101's picture

Rockfeller Foundation mentored HILLARY-2016 and made here the bitch she became.

Old man Rockefeller (1910) had a dozen sons, ... one of them Winthrop Rockefeller was Governor of Arkansas. Every son of Rockefeller became a poltical power boss.

Winthrop Rockefeller and was fond of whores. He kept them in trailers behind the Arkansas whitehouse, one of his whores was name Virginia Kelly, who he knocked up. She begat little "BILL CLINTON" who rode the halls of the Arkansas whitehouse on his trike. Winthop took a liking to young BILL, and got him to Oxford with a full scholarship, and also introduced him to Carrol Quigley ( chief CIA historian ), the rest is history.

Hillary Rodham, was carefully introduced to young Bill Clinton by the Rockefeller Foundation.

***

Rockefeller carefully oversaw the FORD,HEART,BUSH and their management and financing and rise to power of the young Adolf Hitler in the early 1920's.

 

Fri, 01/17/2014 - 02:53 | 4340206 silverstud
silverstud's picture

Hmmm

David Rothschild is the patron of the Boston Cantata

Listen to what they are sing about...  Zion hear the watchmen

http://www.youtube.com/watch?v=6KQYUCYkXIY

Reminds me of the days of a man with a small moustache

Thu, 01/16/2014 - 22:57 | 4339911 satoshi101
satoshi101's picture

RM, Have you actually read the works of Carrol Quigley?? I mean all his books? You should really do so.

His last book, has a quote from bill clinton on the cover, his last book was really about your question, "How do we save humanity".

What is missed in your writing, is that the "ROAD TO HELL IS PAVED WITH GOOD INTENTIONS"

Even Rockefeller saw his own good, that he wanted his offspring to RULE the world, and to have a safe and properous future, and this is what all family wants for their children.

There are many familys that want their children to "RULE THE WORLD", or "Control the worlds Money". Many familys achieve this.

The fact that majority of people have NOT a clue about inner working's of history, or government or war, ... is that most people are too busy working to eat, & sleep.

***

What I find problematic about human knowledge is that its always an INFINITE 'ONION', you discover some truth, but as you dig deeper you find a new layer to your understanding.

The ZH crowd here says "END THE FED" like Pavlovs dog, but that is one of the most outer-most layers of the ONION of knowledge, deep inside the onion you must go to find the real powers behind the FED, that's why "ENDING the FED" don't mean shit, unless you END the power that control all.

***

I still say the ONLY solution is to enjoy your life, to get far away from the USA and find love, freedom, and live.

"He that Gaineth Knowledge of the USA, Gaineth Misery, for in much knowledge of the US Government will bring great grief to the human mind"

- Meaning, if you really knew the truth of the US Government, you would go MAD.

 

Fri, 01/17/2014 - 04:19 | 4340238 bunnyswanson
bunnyswanson's picture

Sympathy for the Devil - Rolling Stones

http://www.youtube.com/watch?v=pkXIYgsvO0c

Brotherly love will prevail once the final curtain falls (Obama and 9-11 revealed as the frauds they both are).

Information on the internet is available and the people are alert and oriented thanks to ObamaTax disguised as medical care for the engineered needy class.

Fri, 01/17/2014 - 16:45 | 4342072 Radical Marijuana
Radical Marijuana's picture

satochi101, I have only read the excerpts of Quigley's books that are online. I have never read the books themselves. However, there is a lot of that online. I agree with those who regard Quigley as an extremely important historian. However, it is ONLY history, which is being left behind in the dust by the world rushing forwards.

I certainly agree that "good intentions" which are based on impossible ideals actually make the opposite happen in the real world. I also agree that infinite layers of deceits that control civilization are like an onion, with no end to that which I am aware of, and indeed, theoretically, it is necessarily FRACTAL.

I apparently wasted my time for thirty years to try to participate in registered politics, only to thereby more and more prove how manifestly hopeless the runaway insanities appear to be to ever fix. I agree that the USA is the heart of the beast, but, personally, if I was an American, I would still continue to try to do politics there, on the basis of irrational hope in political miracles, rather than abandon all hope. However, I totally sympathize, and realistically agree with people who made radically different choices regarding what to do with their lives.

P.S.

As bunnyswanson provided the link above, Sympathy for the Devil was playing on the radio when I signed the papers to become the registered leader of the Marijuana Party. Hah!

Thu, 01/16/2014 - 18:11 | 4339068 mobydick
mobydick's picture

So can we get the lawyers in and sue these bastards?

Thu, 01/16/2014 - 18:38 | 4339078 Cumulus Nimbus
Cumulus Nimbus's picture

Deleted - my bad.

Thu, 01/16/2014 - 18:32 | 4339111 disabledvet
disabledvet's picture

again "the only purpose to manipulate prices for them to go higher not lower." lower prices are to be made in PAPER markets (buy low, sell high)...but not in the materials space. Someone is "long leverage" here (sounds like "the entire country of Germany") and the fear is that a massive new source of supply is about to come on-line (both literally and figuratively.) Tesla and Solar City were both up big today.

Thu, 01/16/2014 - 18:52 | 4339163 fijisailor
fijisailor's picture

"massive new source of supply"

Would that be soon to be starving farmers in India?

Thu, 01/16/2014 - 20:04 | 4339422 are we there yet
are we there yet's picture

Is that massive new gold supply the one coming out of the space ship from Uranus.

Thu, 01/16/2014 - 18:40 | 4339128 MsCreant
MsCreant's picture

I don't think anyone has said it...how stunning.  Okay, here it comes:

GOLD BITCHEZ!

Fri, 01/17/2014 - 00:59 | 4340119 combatsnoopy
combatsnoopy's picture

Don't oil prices go up directly proportionally to inflation? 

Thu, 01/16/2014 - 18:44 | 4339134 Duc888
Duc888's picture

 

 

 

 

I think LIBOR is worse.

 

It affects more people.

Thu, 01/16/2014 - 20:04 | 4339427 Bastiat
Bastiat's picture

How many people are affected (or will be) by the perceived value of the US Dollar?

Thu, 01/16/2014 - 19:29 | 4339279 TORNasunder
TORNasunder's picture

As has been said GATA http://www.gata.org/about has been all over this for 15 years. The manipulation before was subtle and quiet. The past year the manipulation has been naked and aggressive. They simply can't deny it anymore. But the fact that TPTB can't hide the manipulation anymore goes way beyond the PM markets.

My fear is the 'new normal' becomes that investors accept all this manipulation with the promise that it will prevent a crash, or better put 'The Crash'.

Thu, 01/16/2014 - 19:29 | 4339282 logicalman
logicalman's picture

A quote...

It's hard to get someone to understand something when their livelyhood depends on them not understanding.

But, given the top criminals play for keeps, let's paraphrase.....

It's hard to get someone to understand something when their LIFE depends on them not letting on that they understand.

Thu, 01/16/2014 - 19:44 | 4339331 Bear
Bear's picture

I think it's hard to go for the gold when your libor depends on it

Thu, 01/16/2014 - 23:52 | 4340021 Clowns on Acid
Clowns on Acid's picture

Wow...thats good Bear.

Thu, 01/16/2014 - 19:43 | 4339328 MeelionDollerBogus
MeelionDollerBogus's picture

maniperlated? Don't be absurd. It's not like Monsanto brazenly says they write farm bills for legislators. Oh wait...

gold? Better get on my tin foil had and load up on Treasuries!

Thu, 01/16/2014 - 19:46 | 4339335 villainvomit
villainvomit's picture

aurum catulae !

Thu, 01/16/2014 - 20:18 | 4339340 Bear
Bear's picture

Germany is just pissed because they can't get all their gold back

Thu, 01/16/2014 - 20:30 | 4339529 Clowns on Acid
Clowns on Acid's picture

Exactly. One could bet that the Fed's gold deliveries to Germany will now be hastened. Of course we won't hear another whimper from Fraulein DCup @ Bafin.

Fri, 01/17/2014 - 08:47 | 4340385 Tall Tom
Tall Tom's picture

Nobody is selling much Physical Gold at all at the depressed prices....other than the warehouses and Miners that have contractual obligations for delivery. Most Gold 120,000 Tons/180,000 Metric Tons is privately held. The owners are rich and do not have to sell. Weaker hands might sell.

 

So drop that price lower as I like buying it at a bargain. Yeah...baby... Gold $1000...please...

Thu, 01/16/2014 - 21:29 | 4339712 Solarman
Solarman's picture

Maybe it is the other way around.  They now have all of their gold, and time to ramp it up.

Thu, 01/16/2014 - 20:09 | 4339448 GreatUncle
GreatUncle's picture

In a fiat system with unreal and real components.

When the unreal size of the market becomes so large relative to the real any attached notion of value is meaningless and why you can drive gold down to however little you want.

Take a market 1,000,000 unreal units and lets say 10 real. Now say the real unit cost of production as in the case of gold is 1 unit. The unreal, well that can be anything and we can let that be as low as 0.1 unit.

Trying to equate the real value using that shit you get a price --->>> approximating 0.1 unit for something even if its cost of production is 1.

The fiat money side run by a central bank affects everything and they can manipulate any value to be whatever they want because of the level of the unreal component. Now measure the level of unreal to real being traded.

THAT IS YOUR CENTRAL BANKER ECONOMIC SYSTEM RUN FOR THEIR BENEFIT NOT YOURS.

Thu, 01/16/2014 - 20:24 | 4339502 polizeros
polizeros's picture

No word yet when Koenig will be found dead, with his death ruled a suicide, after being shot ten times in the back, with incontrovertible proof linking him to child porn, drug cartels, Satanism, and most damningly, refusing to ignore the corruption at the heart of our financial system. 

Thu, 01/16/2014 - 21:28 | 4339708 Solarman
Solarman's picture

Worse of them all, a Christian.

Thu, 01/16/2014 - 21:33 | 4339722 The Duke of New...
The Duke of New York A No.1's picture

Ring, ring, ring... ring, ring, ring...

FEDERAL RESEVRE:
> "Hello."

BUNDESBANK:
> "Hello, dis is da Bundesbank calling, we reciveed only 37.5 tons of our Gold in 2013, we were expecting deliver of another 50 tons of our Gold... where is it?"

FEDERAL RESEVRE:
> Click noise.

BUNDESBANK:
> "Hello, dis is da Bundesbank!, is anybody there, hello?, hello?, hello?... is anybody there?"

FEDERAL RESEVRE:
> Blank dial-tone sound.

Thu, 01/16/2014 - 23:13 | 4339950 Mediocritas
Mediocritas's picture

DE: we want our gold back

US: errr, yeah, um...about that

DE: so?

US: is seven years OK?

DE: mother fuckers, you haven't got it have you?

US: no, no, we have it, it's just that it's ah, it's kinda been lent out to our members, but we have the receipts!

DE: ASSHOLES! Well you start pulling that gold back in doubletime and one of our reps will be there to oversee you melting and recasting bars because like fuck we're going to take another delivery of tungsten from you pricks.

US: um, yeah....about that

DE: what now?

US: 20 years OK? We have to wait for Barrick to mine it.

DE: listen here you cunts, either you start shipping NOW or we blow the whiste on your entire fraudulent fractional reserve, manipulated paper market gold scheme, you hear?

Thu, 01/16/2014 - 22:35 | 4339866 hangemhigh77
hangemhigh77's picture

Where's Bart and his hair?

Thu, 01/16/2014 - 23:25 | 4339972 ak_khanna
ak_khanna's picture

The stock, bond, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.

The markets continue to rise till all short positions in the market are covered and the majority of traders move to the long side. Once this is done the market falls till all long positions are closed and short positions undertaken. Then rinse and repeat. The price mechanism has little to do with the actual demand, supply, fundamentals or state of the economy.

www.marketoracle.co.uk/Article40231.html

Thu, 01/16/2014 - 23:44 | 4340008 TheFutureReset
TheFutureReset's picture

Doesn't every short have a corresponding long and vice versa? 

Gold is not being manipulated for financial gain (though some might profit). It's being manipulated for survival. 

Fri, 01/17/2014 - 05:46 | 4340279 BidnessMan
BidnessMan's picture

The House always wins

Thu, 01/16/2014 - 23:53 | 4340025 Docnyc
Docnyc's picture

Dear God, please allow the criminal elements to continue their manipulation down for I'm am still accumulating.

Sincerely
Docnyc, China, Russia, India, etc.

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