Chris Powell: Covert Yield Curve Control Under Effect

• Palisades Gold Radio
  Tom welcomes Chris Powell, Secretary, and Treasurer of GATA, the Gold Anti-Trust Action Committee, to the show. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca​
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  Chris explains the reasons why gold is manipulated since governments want to control and monopolize currencies. Gold is an independent global reserve system, and it acts as a competitor to government monetary issuance. Central Banks for the past half-century have strived to control the gold price. Control of gold means the power to handle all the values of capital, goods, and services worldwide. Gold swaps and leasing have enabled central banks to create a vast imaginary supply of gold. Most of the “gold” the investment community owns either doesn’t exist or is oversubscribed. If the market understood central banker actions in the gold market, the valuations would have to change.
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  The question is, who owns the gold and how much do they have? Chris discusses a commodity hearing with Jeff Christian where he estimated the leverage in the gold market was nearly 100 to 1. India estimated the leverage at 92 to 1. This ratio indicates that there are numerous paper claims to that metal for every ounce in a vault. He explains the closing of the gold window in 1971 and possible intents for creating gold futures markets. That intention being to scare investors away from gold. Most large countries understand the scheme, but most investors remain unaware. Much of the world is not thrilled with the US dollar system since it controls most value today and is the primary driver for US imperialism worldwide. Chris outlines the various uses for silver and why it’s also an industrial metal. Silver could become the kryptonite to central bankers and governments because it’s widely held.
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  He argues that gold price suppression is used to control interest rates. Ordinarily, there are inverse relationships between rates and gold, and in the past, the gold carry trade acted as just such a mechanism of yield curve control. Time Stamp References:
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  0:00​ – Intro
  0:32​ – Gold Manipulation
  2:12​ – Coming Credit Crisis
  6:08​ – Leveraged Paper
  9:10​ – Terms, Fees, & Rules
  9:50​ – GLD/SLV & Shorts
  12:08​ – Comex Purpose
  14:17​ – West To East
  22:43​ – Gold Reserve Reporting
  28:07​ – Confiscation Thoughts
  31:52​ – Silver & Logistics
  38:28​ – Capital Controls
  40:30​ – Price Smashing
  42:58​ – Yield Curve Control
  45:52​ – Explicit YCC
  48:32​ – GATA Documentation
  53:29​ – Wrap Up
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  Talking Points From This Episode
  – How and why governments and central banks control gold.
  – Gold swaps and leasing
  – the creation of paper derivatives.
  – China and Russia
  – why central banks are all involved.
  – Why silver could be banker kryptonite.

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