Silver and gold received big paper smashes yesterday and last night. Over the decades the LBMA and COMEX have proven that they are incapable of running a free and fair market. The past 24 hours are merely a continuation of those ‘practices.’
So, I think it’s a shame when financial markets ruin themselves, because they are vital to living in a prosperous country and times.
But it’s worse than shenanigans with the PMs. The same games have led to copper being badly underpriced and we’re due for a mega shortage there too.
Stocks? Also heavily manipulated, by which I mean their prices are set rather than discovered. Oh, and we really have no idea how much naked shorting goes on there either, thanks to gross regulatory failures.
But are they? What if the plan all along has been to wreck the smaller PM dealers by throwing unsurvivable volatility at them? What if the plan is to set the larger financial markets up for the sort of failure that triggers The Great Taking?
What if the plan, all along, was the concentration of everything into the hands of the few?
“You’ll own nothing (and be happy).”
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