- Gold is real money for 5000+ years! For a successful, fraudulent fiat paper currency system to work, gold must be suppressed, demonized, denounced …. . Once the sheeple decide to accept gold instead of fiat currencies (created out of thin air) as money, it is game over for the global fiat paper monetary system. The current Babylonian usury based monetary system is the heart of the Mammon power of the Illuminati. With it, they create gobs of money out of thin air to buy up the world.
- Gold Price Manipulation Was “Routine”, FT Reports!
by Tyler Durden, www.zerohedge.com
Two weeks ago when news broke about the first confirmed instance of gold price manipulation (because despite all the “skeptics” claims to the contrary, namely that every other asset class may be routinely manipulated but not gold, never gold, it turned out that – yes – gold too was rigged) we said that this is merely the first of many comparable (as well as vastly different) instances of gold manipulation presented to the public. Today, via the FT, we get just a hint of what is coming down the pipeline with “Trading to influence gold price fix was ‘routine’.” We approve of the editorial oversight to pick the word “influence” over “manipulate” – it sound so much more… clinical.
What the FT found:
When the UK’s financial regulator slapped a £26m fine on Barclays for lax controls related to the gold fix, the UK financial regulator offered more ammunition to critics of the near-century-old benchmark. But it also gave precious metal traders in the City of London plenty to think about.
While the Financial Conduct Authority says the case appears to be a one off – the work of a single trader – some market professionals have a different view. They claim the practice of nudging a tradeable benchmark in order to protect a “digital” derivatives contract – as a Barclays employee did – was routine in the industry.