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why do the worlds central banks manipulate the price of gold?

February 14, 2010 5 comments

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By Big Brother
2.14.2010
EarthBlog News©
https://earthblognews.wordpress.com/
TinyURL for this article [http://wp.me/pOhuI-1C]

There is a social theory called reflexivity which refers to the circular relationship between cause and effect. A reflexive relationship is bidirectional where both the cause and the effect affect one another in a situation that renders both functions causes and effects.

The principle of reflexivity was first introduced by the sociologist William Thomas as the Thomas theorem, but more importantly it was later popularized and applied to the financial markets by George Soros.  Soros restated the social theory of reflexivity eloquently and simply, as follows:

markets influence events they anticipate” – George Soros

This theorem has become a basic tenet of modern central banking. The idea is that manipulation of the psychology of market participants affects the markets themselves. Therefore, if you artificially suppress the price of gold, you reduce inflationary expectations and reduce inflation itself…so the theory goes.

This same idea is applied to other markets as well. In 2010 the Federal Reserve is printing money…monetizing debt; selling debt and then buying it themselves. This has the effect of reducing long term interest rates to levels lower than they would otherwise be, leading market participants to believe that the currency is sound when it isn’t. “How can we be printing too much money if interest rates are low and the price of gold is not soaring?”. The answer is of course, they are manipulating both markets. When combined with government data showing a rate of inflation substantially lower than the real increase in the cost of living, this presents a plausible explanation to a casual observer.

You could further distill this entire idea down to lying in order to achieve a policy objective. The worlds central banks routinely manipulate markets, from the equity markets to the interest rate markets to the currency markets to the physical markets in order to influence investor psychology and achieve policy goals.

The US government is also complicit in the effort by distorting, manipulating and fudging important economic data. All of this is done under the guise of “free markets”, when the reality is that the worlds central banks are at this point engaged in a massive fraud, and endeavor to cover it up by covertly manipulating the markets using high leverage derivatives and what amounts to an infinite fiat bank account.

From the time when currencies were de linked from gold, central banks have enjoyed the freedom to print as much money as they wish, subject only to inflationary concerns (a loss of purchasing power). In other words, the freedom to print money is limited only by indicators and attitudes about inflation, which then feed inflation itself. The money has no actual value, it is redeemable only for more notes which can be printed in unlimited quantity subject only to inflationary concerns. In other words, in a perfect world, (according to the central banks) they would be unrestrained by any inflationary effects of unlimited money printing; they could simply print as much as they want. This is why manipulation of the gold market is critical to the con. If the price of gold were soaring at the same time they were trying to convince the markets that the currency was sound and inflation was low, that story line wouldn’t make any sense. How often have we all heard the commentary “gold is going down so there must not be any inflation?”

It is noteworthy that since the creation of the Federal Reserve in 1913, the US dollar has lost 95% of it’s value. So while in the short term manipulation of the markets may seem like a reasonable approach, the policies of market manipulation have clearly failed in the longer term.

The complicit corporate media are also involved in the fraud through advanced propaganda techniques which portray anyone who favors gold over notes to be somewhat unstable. The term “gold bug” is used with a carefully crafted negative connotation. FED shills who may be employed at prestigious universities are called out to dismiss the notion that the central banks could possibly not be telling the truth in spite of the fact that all of the established players have been caught lying over and over again. The current head of the US Treasury, supposedly a credible figure…a former head of the NY Federal Reserve, got caught cheating on his taxes which didn’t slow down his nomination for the position by the people’s representatives at all. He could have shown up to the hearings with a head in a basket and it wouldn’t have mattered. So this corporate media festival of lies attempts to portray criminals as godlike figures and maligns anyone who might not trust their “money” to be sound. The FED’s fiat money is debt. Fiat money is debt and the two terms are interchangeable.

I will leave you with this, which supports what I have said above.

Exclusive: The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself?
by Tyler Durden
Zerohedge
02/13/2010
An article written by University of Tennessee professor John R Garrett, “Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931”, which describes in exquisite detail the gold falsification measures undertaken by the Bank of England in the interwar period in order to impact interest rates in a favorable direction, performed with the full criminal complicity of the Federal Reserve Bank of New York, may mean paranoid “gold bugs” could soon be forever absolved of their “tin hat” wearing status as outright gold, and other data, manipulation by a major central bank is now proven beyond doubt. The implications regarding the possibility of comparable deceitful and treasonous acts by modern central bankers are staggering.
more at ZeroHedge

For extra credit, I have this.

TrimTabs and the Plunge Protection Team
Wednesday, January 06, 2010
We haven’t heard too much about the Plunge Protection Team lately, that is, until the folks at TrimTabs talked to the folks at Marketwatch yesterday and this report was filed: The unusual circumstances that led the U.S. market to rally powerfully in 2009 might be explained by secret government moves to buy stocks, according to Charles Biderman, the founder and chief executive of TrimTabs, a research firm that tracks liquidity flows in the market.
more

and finally we have Mr Alan Greenspan who by authoring this back in 1966 has clearly established himself today as the king of fraud.

Gold and Economic Freedom
by Alan Greenspan
1966
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
more at 321gold

Edit: Add

“The last duty of a central banker is to tell the public the truth” – former US Federal Reserve Chairman Alan Blinder (PBS’s Nightly Business Report, 1994)

We looked into the abyss if the gold price rose further.  A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake.  Therefore at any price, at any cost, the central banks had to quell the gold price, manage it.  It was very difficult to get the gold price under control but we have now succeeded.  The U.S. Fed was very active in getting the gold price down.  So was the U.K.” – Eddie George, then Governor of the Bank of England and a director of the BIS

In Deception and Abuse at the Fed, Robert Auerbach, a former banking committee investigator, recounts major instances of Fed mismanagement and abuse of power that were exposed by Rep. Gonzalez, including:
* Blocking Congress and the public from holding powerful Fed officials accountable by falsely declaring–for 17 years–it had no transcripts of its meetings;
* Manipulating the stock and bond markets in 1994 under cover of a preemptive strike against inflation;
* Allowing 5.5 billion to be sent to Saddam Hussein from a small Atlanta branch of a foreign bank–the result of faulty bank examination practices by the Fed;
* Stonewalling Congressional investigations and misleading the Washington Post about the 6,300 found on the Watergate burglars.
address

King World News Interviews Metals Trader Andrew Maguire
Address

A London trader walks the CFTC through a silver manipulation in advance
by cpowell
GATA
Thu, 2010-03-25
Address

BOMBSHELL – Whistle Blower Comes Forward With Solid Proof The Price Of Gold And Silver Is Being Manipulated By Major Financial Institutions
Address

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absolute proof of the controlled demolition of WTC7

February 14, 2010 29 comments

By  Isaac Newton
2.14.2010
EarthBlog News©
https://earthblognews.wordpress.com/
TinyURL for this article [http://wp.me/pOhuI-1w]

Editors note: WTC7 – a 47 story steel building, collapsed into it’s own footprint at the freefall speed of gravity at 22:20 GMT on  9/11/2001. The collapse, along with the cause of the collapse, was announced 26 minutes prior to the actual collapse at 21:54 GMT live on air by the BBC News. WTC7 was not hit by a plane, and the collapse of wtc7 was not mentioned in the 911 commission report. A steel framed skyscraper has never in history collapsed in this way due to fire or by any cause other than controlled demolition.

Carl Sagan famously said “extraordinary claims require extraordinary evidence”.  I present to you extraordinary evidence in the form of science. Amid all the endless talk and political posturing regarding what happened in NYC on 911, no one had the ability to change or alter the laws of physics on that day.

All truth passes through three stages.  First, it is ridiculed.  Second, it is violently opposed.  Third, it is accepted as self-evident.” – Arthur Schopenhauer, philosopher

Conspiracy theories? Meet me, a skeptic. It takes a lot of evidence to convince me of anything. I have a background in engineering and science, and I graduated with high honors from a prestigious university. I spent 10 years of my life working among engineers, scientists and software engineers at IBM. I understand, and have a fairly comprehensive knowledge of  science and engineering. For those of you without advanced degrees in math or physics, I would like to state something very simply. A multi level structure cannot collapse at the free fall speed of gravity without first having the underlying support structure removed faster than the freefall speed of gravity.

The physical laws of nature cannot be changed, altered or suspended. They prevent any structure from collapsing upon itself at the freefall speed of gravity and indeed, in the history of the world there has never been a case of it. Furthermore, buildings do not, and have never collapsed exactly into their own footprint without a tremendous amount of skill and engineering to precisely size, coordinate and time the synchronized explosions down to the microsecond. The analysis I provide via this youtube video below, offers conclusive proof that wtc7 was demolished.

That opens a whole can of worms.

EarthBlog News will now join Isaac Newton, the majority of the US population, 1000 Engineers and Architects for 911 truth, NYC Firefighters for 911 Truth, Pilots for 911 Truth, Senior Military Intelligence Service Law Enforcement and Government Officials, a growing list of US congressmen and many other public figures in the US and outside the US in calling for a new, independent investigation to find out what really happened on 911 and who was responsible for the controlled demolition of WTC7.

WTC7 in Freefall–No Longer Controversial

edit: Add Footnotes

Richard Gage on KMPH Fox 26 in Fresno, CA (Video – Richard Gage shows a side by side comparison of  WTC7 to a known controlled demolition)

Seven is Exploding (Video – Aired on the largest TV Network in Italy – controlled demolition experts interviewed)

BBC Reports on WTC7 collapse 20 minutes early + extras (Video – The BBC Reported the collapse, and the cause of the collapse,  20 minutes before the collapse)

911 First Responder says WTC7 was a controlled demolition (Video – 911 First Responder Interviewed)

The BBC’s ‘WTC 7 Collapsed At 4:54 p.m.’ Videos
At 21:54 GMT on 9/11/2001 the BBC announced that WTC 7 had collapsed. There was just one problem with this news: WTC 7 did not collapse until 22:20 GMT. The videos below show the BBC World broadcast.
Address

WTC 7 Demolition Countdown Witness (Video – Witness to demolition countdown and more)

Building 7 – Experts Explain It Was Controlled Demolition! (Video – experts interviewed)

“Amazing, incredible, pick your word. For the third time today, it’s reminiscent of those pictures we’ve all seen too much on television before, where a building was deliberately destroyed by well placed dynamite to knock it down.”- CBS News anchor Dan Rather commenting on the collapse of Building 7 – September 11, 2001 at approx 5:30pm EST.

THE CONTROLLED COLLAPSE OF WTC 7
Address

Edit: Add other people and groups supporting a new investigation

Yet Another Congressman Questions 9/11 (The list is already quite long and growing)
Address

Highly-Credible People Question 9/11
The following people question the government’s version of 9/11, or the government’s openness in providing information about the September 11 attacks.
Address

Catholic Church-9/11 Was An Inside Job (subtitulado video)
Address

Pilots for 9/11 Truth
An organization of aviation professionals and pilots throughout the globe who have gathered together for one purpose. We are committed to seeking the truth surrounding the events of the 11th of September 2001.
Address

1,000 Architects & Engineers Call for New 9/11 Investigation
Fri Feb 19 2010
SAN FRANCISCO, Feb. 19 /PRNewswire-USNewswire/ — Richard Gage, AIA, architect and founder of the non-profit Architects & Engineers for 9/11 Truth, Inc. (AE911Truth), will announce a decisive milestone today at a press conference in San Francisco, as more than 1,000 worldwide architects and engineers now support the call for a new investigation into the destruction of the Twin Towers and Building 7 at the World Trade Center on September 11, 2001. After careful examination of the official explanation, along with the forensic data omitted from official reports, these professionals have concluded that a new independent investigation into these mysterious collapses is needed.
Address

Twelve New England towns demand 9/11 reinvestigation
04 March, 2010
A new movement to reinvestigate the 9/11 attacks is gaining pace in the US. With major public support, 12 towns are set to decide whether to ask the federal government for a new independent probe.
Address

9/11 Probe: Americans vote for answers (video)
Address

A leading Japanese politician espouses a 9/11 fantasy
Monday, March 8, 2010
The Washington Post
YUKIHISA FUJITA is an influential member of the ruling Democratic Party of Japan. As chief of the DPJ’s international department and head of the Research Committee on Foreign Affairs in the upper house of Japan’s parliament, to which he was elected in 2007, he is a Brahmin in the foreign policy establishment of Washington’s most important East Asian ally. He also seems to think that America’s rendering of the events of Sept. 11, 2001, is a gigantic hoax.
Address

Senior Military, Intelligence, Law Enforcement, and Government Officials Question the 9/11 Commission Report
200+ Senior Military, Intelligence Service, Law Enforcement, and Government Officials
1,060+ Engineers and Architects
250+ Pilots and Aviation Professionals
400+ Professors Question 9/11
300+ 9/11 Survivors and Family Members
200+ Artists, Entertainers, and Media Professionals
Address

Eight U.S. State Department Veterans Challenge the Official Account of 9/11
Address

German Intelligence Experts: 9-11 is Hollywood Deception
Address

Proof that 9/11 Truthers Are Dangerous (long list of high profile former CIA and military officers)
Sunday, March 7, 2010
Address

Lawmaker takes 9/11 doubts global
By JOHN SPIRI
Special to The Japan Times
Address

Edit:Add in response to relentless anonymous comment spamming of this post

Pentagon: The internet needs to be dealt with as if it were an enemy “weapons system”
Address

US plans to ‘fight the net’ revealed
By Adam Brookes
BBC Pentagon correspondent
A newly declassified document gives a fascinating glimpse into the US military’s plans for “information operations” – from psychological operations, to attacks on hostile computer networks.
Address

The Pentagon’s War on the Internet
Address

Rummy Resurfaces, Calls for U.S. Propaganda Agency
Address

Obama staffer wants ‘cognitive infiltration’ of 9/11 conspiracy groups
By Daniel Tencer
Wednesday, January 13th, 2010
In a 2008 academic paper, President Barack Obama’s appointee to head the Office of Information and Regulatory Affairs advocated “cognitive infiltration” of groups that advocate “conspiracy theories” like the ones surrounding 9/11.
Address

a citizens guide to understanding corporate media propaganda techniques
Address

Edit: Add – further reading

False flag
From Wikipedia, the free encyclopedia
False flag operations are covert operations which are designed to deceive the public in such a way that the operations appear as though they are being carried out by other entities. The name is derived from the military concept of flying false colors; that is, flying the flag of a country other than one’s own. False flag operations are not limited to war and counter-insurgency operations, and have been used in peace-time
Address

Governments ADMIT  That They Carry Out False Flag Terror
Forget the claims and allegations that false flag terror – governments attacking people and then blaming others in order to create animosity towards those blamed – has been used throughout history. This essay will solely discuss GOVERNMENT ADMISSIONS to the use of false flag terror.
Address

Nine Months Before Operation Northwoods, Government Leaders Suggested False Flag Terror in the Dominican Republic
Address

Ridicule of Conspiracy Theories Focuses On Diffusing Criticism of the Powerful
The label “conspiracy theory” is commonly used to try to discredit criticism of the powerful in government or business.
Address

Visibility 9-11 welcomes David Chandler, American Association of Physics Teachers and member of Architects and Engineers for 9-11 Truth.
David has a BS from Harvey Mudd College, Claremont, CA (IPS major–independent program of studies with emphasis in physics and engineering); MA in education from Claremont Graduate University; MS in mathematics from Cal Poly, Pomona and has taught Physics/Mathematics/Astronomy at K-12 and Jr. college levels. He is also and author and served formerly on the editorial board of The Physics Teacher, an AAPT journal. David is also an active designer and inventor of educational materials emphasizing quantitative visualization. David’s recent article, WTC7: NIST Admits Freefall focuses on some of the significant errors and descepancies in the final NIST report on the collapse of tower 7 and includes exerpts from a tehnical briefing held by NIST on August 26, 2008. During this briefing, questions were put to the panel by David Chandler as well as Dr. Steven Jones.
Address

Conspiracy theory or hidden truth? The 9/11 enigmas…
World Architecture News
Address

Eyewitness Accounts of Foreknowledge of WTC 7’s Collapse
Dozens of responders who were in the vicinity of WTC 7 in the afternoon of the attack reported receiving warnings that the building would collapse. Several describe the evacuation of a zone around the building about a half hour before the 5:20 PM collapse.
Address

Entire February 2010 Issue of the American Behavioral Scientist Devoted to State Crimes Against Democracy: The Case of September 11, 2001
Elizabeth Woodworth, Professional Librarian
Mar 3, 2010
For 50 years the American Behavioral Scientist has been a leading source of behavioral research for the academic world. Its influence is shown by the fact that it is indexed by an extraordinary 67 major database services, causing its papers to be widely exposed on the international scene. The publisher, Sage, is headquartered in Los Angeles, with offices in London, New Delhi, Singapore, and Washington DC. Each issue offers comprehensive analysis of a single topic. The six papers in the February 2010 issue are devoted to the recent concept of “State Crimes Against Democracy (SCAD’s),” with emphasis on 9/11 and on how human behavior has failed to recognize its reality. [Ref. abs.sagepub.com/content/vol53/issue6 ]
Address

Outfoxing the 9/11 Coverup
By Gordon Duff
VeteransToday.com
With the 9/11 Commission rescinding their own report, 9/11 debunking machine is now our “smoking gun”.
(CINCINNATTI, Ohio) – When 9/11 Commission Chief Counsel, John Farmer, released his book, The Ground Truth, debunking his own 9/11 commission report and was supported by Chairman Thomas Kean and commission member Senator Bob Kerrey with no dissent, the cover story of 9/11 died.
Address

The Truth that ‘Truthers’ Are Seeking
By Mac Slavo
February 24th, 2010
Address

Finally, a Fire Fighter for 911 Truth
March 3, 2010
Address

CrossTalk on 9/11: Whodunit? (Video: Russia Today)
Address

Pre-9/11 Put Options on Companies Hurt by Attack Indicates Foreknowledge
Address

The Project for the New American Century
June 3, 1997
Elliott Abrams, Gary Bauer, William J. Bennett,  Jeb Bush,  Dick Cheney,  Eliot A. Cohen,  Midge Decter,  Paula Dobriansky,  Steve Forbes, Aaron Friedberg,  Francis Fukuyama,  Frank Gaffney,  Fred C. Ikle, Donald Kagan,   Zalmay Khalilzad,   I. Lewis Libby,   Norman Podhoretz,  Dan Quayle,  Peter W. Rodman,  Stephen P. Rosen    Henry S. Rowen, Donald Rumsfeld,   Vin Weber,   George Weigel,   Paul Wolfowitz
Statement of Principles:
American foreign and defense policy is adrift. Conservatives have criticized the incoherent policies of the Clinton Administration. They have also resisted isolationist impulses from within their own ranks. But conservatives have not confidently advanced a strategic vision of America’s role in the world. They have not set forth guiding principles for American foreign policy. They have allowed differences over tactics to obscure potential agreement on strategic objectives. And they have not fought for a defense budget that would maintain American security and advance American interests in the new century.
Rebuilding America’s Defenses pdf
Page 51 (page 63 of pdf):
Further, the process of transformation, even if it brings revolutionary change, is likely to be a long one, absent some catastrophic and catalyzing event — like a new Pearl Harbor.” – Sept 2000
Address

At the time of the September 11, 2001 attacks Wtc7 had the following tenants:

  • The U.S. Department of Defense (DOD)
  • The Central Intelligence Agency (CIA)
  • The Securities and Exchange Commission
  • The Internal Revenue Service Regional Council
  • The United States Secret Service
  • The New York City Office of Emergency Management
  • National Association of Insurance Commissioners
  • Salomon Smith Barney
  • ITT Hartford Insurance Group
  • American Express Bank International
  • Standard Chartered Bank
  • Federal Home Loan Bank
  • First State Management Group Inc.
  • Provident Financial Management
  • The Immigration and Naturalization Service

WTC7 Owner at time of demolition: Larry Silverstein

WTC7 Address: 250 Greenwich Street
New York City, New York, United States

In February of 2002, Silverstein Properties won $861 million from Industrial Risk Insurers to rebuild on the site of WTC 7. Silverstein Properties’ estimated investment in WTC 7 was $386 million. So: This building’s collapse resulted in a profit of about $500 million.
Address

“We are to admit no more causes of natural things than such as are both true and sufficient to explain their appearances. Therefore, to the same natural effects we must, so far as possible, assign the same causes.” – Isaac Newton

“At some level of government, at some point in time, there was an agreement not to tell the people the truth about what happened.” John Farmer, Senior Counsel to the 9-11 Commission in his book The Ground Truth.

America’s Broken Media And The Collapse Of World Trade Center 7

by Eric deCarbonnel
Thursday, May 20, 2010
When reading the articles below, keep one question in mind: Do you find these allegations credible and serious enough to deserve media coverage? This question is crucial because the mainstream media has been ignoring (and in some cases actively trying to discredit) the facts and arguments below for years now. It is the job of a properly functioning media to investigate credible allegations about issues important to the people and determine their validity. America’s media appears to have failed so completely here that it should be considered completely broken, if not dead.
Address

Filed under: 911, 9/11, WTC7, WTC 7, controlled demolition, Richard Gage, Engineers and Architects for 911 truth, David Chandler, freefall, free fall, explosives, physics, false flag terror, corporate media lies, 9-11 truth, occams razor, inside job, PNAC