by irdadmin | Apr 16, 2020 | Financial Markets, Gold, Market Manipulation, U.S. Economy
“We have previously called Wall Street an institutionalized wealth transfer system from the 99 percent to the 1 percent. The CARES Act puts the wealth transfer system on steroids by letting the fat cats on Wall Street keep their decade-long obscene compensation...
by irdadmin | Apr 15, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
I was watching one of the Fed Governors who made the assertion that “low interest rates would be here for a long time” and I thought to myself this guy must be on drugs because the U.S. has had low interest rates for 12 years now, which is already a long...
by irdadmin | Apr 14, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
“Fiat currency always eventually returns to its intrinsic value–zero.” – Voltaire Share...
by irdadmin | Apr 13, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
The inexorable rise in the price of gold, despite the concerted effort among the BIS, western Central Banks, CME and LBMA using paper derivatives to keep a lid on the price gold reflects the likelihood that a short-squeeze in physical gold bullion is percolating....
by irdadmin | Apr 11, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
The CME/LBMA latest paper derivative product – the Accumulated Certificate of Exchange aka “4GC” – is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract...
by irdadmin | Apr 10, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“You [the public] are the sucker. Your role in the Federal Reserve System is to absorb losses [on the crappy assets the Fed buys off of bank and hedge fund balance sheets]…The Fed is there to facilitate your absorption of those losses and that’s...
