The central bankers have always been afraid of gold, if gold was allowed to move to its real value the people around the world would realize how bad the economy and the fiat system really is. Trump is pushing the tariffs and is going after Germany, most likely he will not back down. This push is to destroy the central bank, this is phase I. More indicators show that the economy is worse off than ever before.McCabe is fired he will not be receiving his pension. The unraveling of corruption has begun and will continue, these individuals will turn on each other as more and more facts come out. McCabe might have thrown Comey under the bus and he didn’t even realize it. Boom, we are going to see alot more of these. The move is on to to bring down the deep state. Trump instructs the CIA not to interfere in the Russian election and as we can see Putin has won. Trump makes plans to remove the troops form Syria. Trust the plan it is all coming together now.
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Current News – 03.18.2018
- Gold price suppression by the world’s central banks is a well-documented fact, according to Singapore’s BullionStar precious metals expert Ronan Manly.
- Central banks have a long and colorful history of manipulating the gold price.
- Gold to central bankers are terrified of it, . Terrified since gold is an inflation barometer and an indicator of the relative strength of fiat currencies. The gold price influences interest rates and bond prices.
- So central banks are keenly aware of gold, they hold large quantities of it in their vaults as a store of value and as financial insurance, but they are also permanently on guard against allowing a fully free market for gold in which they would not have at least some form of influence over price direction and market sentiment.
- Unfortunately the BIS is a law onto itself and does not answer to anyone, except its central banks members.
- In the 1960s, central bank manipulation of the gold price was conducted in the public domain, predominantly through the London Gold Pool. This was in the era of a fixed official gold price of $35 an ounce. Here the US Treasury and a consortium of central banks from Western Europe explicitly kept the gold price near $35 an ounce, coordinating their operation from the Bank for International Settlements (BIS) in Basel, Switzerland, while using the Bank of England in London as a transaction agent. This price manipulation broke down in March 1968 when the US Treasury ran out of good delivery gold, which triggered the move to a “free market” gold price.
- two of the most influential changes on the gold market in the modern era are structural changes to the gold market which channel gold demand away from physical gold and into paper gold. These two changes were the introduction of unallocated accounts and fractionally backed gold holdings in the London Gold market from the 1980s onwards, and the introduction of gold futures trading in the US in January 1975.
- When gold futures were launched in the US in January 1975, the primary reason for their introduction, according to a US State Department cable at the time, was to create an alternative to the physical market that would syphon off demand for gold, creating trading that would dwarf the physical market, and which would also ramp up volatility which in turn would deter investors from investing in physical gold. Gold futures are also fractionally backed and overwhelmingly cash-settled, and their trading volumes are astronomical multiples of actual delivery volumes.
- The gold lending market is totally opaque and secretive with no obligatory or voluntary reporting by either central bank lenders or bullion bank borrowers. The Bank of England has a major role in the gold lending market as the gold used in lending is almost all sourced from the central bank custody holding in the Bank of England’s vaults.
- There is therefore zero informational efficiency in gold lending, and that’s the way the central banks like it. furthermore, freedom of information requests about gold lending are almost always shot down by central banks, even sometimes on ‘national security’ grounds.
- Washington won’t succeed if it tries to drive a wedge in the European Union with import tariffs, the new German economy minister, Peter Altmaier, has said during a visit to the US. Should Europe and the US plunge into a trade war, producers and consumers on both sides would pay the price, t
- European Union leaders try to coax President Trump to consider the reopening of talks over the Transatlantic Trade and Investment Partnership – a work-in-progress trade agreement that was abandoned shortly after Trump took office – the US has delivered a spate of demands on topics ranging from trade to national security, as a newly emboldened President Trump pushes his agenda with little room for compromise.
- the relationship between corporate debt and default rates on that debt. Historically they’ve moved in the same direction, with higher debt levels leading to higher default rates. That makes intuitive sense because rising debt implies that borrowing is easier for less creditworthy companies who should be expected to default at a higher rate.
- But not this time:
U.S. corporate debt levels stand above crisis highs even as default rates among the most leveraged firms remain subdued.
. The tight credit spreads reflects that borrowing costs are still close to historic lows, and that investors are demanding minimum compensation for holding arguably the riskiest debt in the bond market.
- Justice Department Inspector General Michael Horowitz as well as the FBI’s disciplinary office had found “that Mr. McCabe had made an unauthorized disclosure to the news media and lacked candor – including under oath – on multiple occasions.“
- So, McCabe was involved in leaks and he lied under oath.
- McCabe responded to his ouster, saying that his firing, along with negative comments by President Trump were meant to undermine Special Counsel Robert Mueller’s investigation,
- On Thursday, White House press secretary Sarah Sanders said “We do think that it is well documented that he has had some very troubling behavior and by most accounts a bad actor.”
- “Spent very little time with Andrew McCabe, but he never took notes when he was with me. I don’t believe he made memos except to help his own agenda, probably at a later date. Same with lying James Comey. Can we call them Fake Memos?” US President Donald Trump stated on his Twitter page.
- Fired FBI Deputy Director Andrew McCabe may have just thrown former FBI Director James Comey under the bus – perhaps intentionally.
- Turley notes “There was one line in the case statement last night that I immediately flagged. Because he said that he had authority to do this and he conferred with the director – the director at the time was James Comey.“
- “Now, the problem there is that James Comey said under oath that he never leaked information and never approved a leak,” said Turley. “So, if the Inspector General believes this was a leak to the media, it raises serious questions about Comey’s previous testimony and could get him into serious trouble.“
- This directly contradicts Comey’s statement under oath that “he never leaked information, and never approved a leak.” Turley continued. “So if the Inspector General believes this was a leak to the media, it raises serious questions about Comey’s previous testimony that could get him into serious trouble.”
- Virtually the entire media complex megaphoned a 2017 report by Soros-backed news outlet ProPublica, and to a lesser extent a similar report in the New York Times, claiming that Trump’s new pick to lead the CIA, Gina Haspel, oversaw a “clandestine base” in Thailand where she participated in, and mocked the torture of suspected al-Qaida leader Abu Zubaydah.
- The claims were retracted by ProPublica in an embarrassing correction.
On Feb. 22, 2017, ProPublica published a story that inaccurately described Gina Haspel’s role in the treatment of Abu Zubaydah, a suspected al-Qaida leader who was imprisoned by the CIA at a secret “black site” in Thailand in 2002.
The story said that Haspel, a career CIA officer who President Trump has nominated to be the next director of central intelligence, oversaw the clandestine base where Zubaydah was subjected to waterboarding and other coercive interrogation methods that are widely seen as torture. The story also said she mocked the prisoner’s suffering in a private conversation. Neither of these assertions is correct and we retract them. It is now clear that Haspel did not take charge of the base until after the interrogation of Zubaydah ended.
- Of note, the ProPublica article was published right after the Trump administration promoted Haspel to the CIA’s #2 job in early February, 2017 in what appears to be nothing more than a political hit piece.
- ProPublica’s conclusion was drawn from “declassified agency cables” and CIA-reviewed books which referred to Haspel “chief of base.” The name of the official was redacted, as well as an online post from former CIA counterterrorism officer, John Kiriakous, who wrote “It was Haspel who oversaw the staff” at the Thai prison.
- That’s it. Redacted cables and a book which did not state the name of the base chief, and an online post by a CIA counterterrorism officer saying it was Haspel is all it took to smear a woman placed in a top position within the CIA – weeks after the Trump administration gave the 30-year veteran the promotion.
- Former CIA employee and current whistle blower “Jeffrey Sterling” announced that US President Donald Trump had ordered former CIA chief Mike Pompeo to stop taking any sensitive action in the upcoming Russian presidential election.
- turkey’s president said Sunday the Turkish military and allied Syrian forces have taken “total” control of the town center of Afrin, a major development in the nearly two-months offensive against a Syrian Kurdish militia that controls the area.
- The Washington Post has revealed that President Trump attempted to extricate US troops from Syria by asking ally Saudi Arabia to foot the bill for postwar reconstruction and “stabilization” projects in the area of northeast Syria currently occupied by US coalition forces, to the tune of $4 billion. The deal would involve US allies like Saudi Arabia moving into a lead position regarding coalition policy in Syria, while hastening a US exit.
[A]sked on Tuesday in a Congressional hearing if Bashar al-Assad had “won”, Gen. Joseph Votel, head of US Central Command, replied, “I do not think that is too strong of a statement. I think [Russia and Iran] have provided him with the wherewithal to be ascendant at this point.”
- US training Syria militants for false flag chemical attack as basis for airstrikes – Russian MoD Russia’s Defense Ministry says “US instructors” are training militants to stage false flag chemical attacks in south Syria. The incidents are said to be a pretext for airstrikes on Syrian government troops and infrastructure. “We have reliable information at our disposal that US instructors have trained a number of militant groups in the vicinity of the town of At-Tanf, to stage provocations involving chemical warfare agents in southern Syria,” Russian General Staff spokesman General Sergey Rudskoy said at a news briefing on Saturday.