History Channel - 4/19/14 - The Gold Conspiracy

Bill,
The History Channel just ran a 1 hour show on The Gold Conspiracy on 4/19/14. The show was interesting concerning what was said, but also concerning what was not said but should have been known.

The show talked about a closed door meeting between President Obama and the big banks on August 19, 2013 and suspicious gold sales that occurred after the meeting. One of the suspicious trades was placed by an anonymous trader out of Chicago on Oct. 11, 2013 where the trader dumped 2,000,000 ounces of gold onto the market driving down the price $25 and causing a trading halt for 10 seconds.

I am glad the history channel pointed that out, but they neglected to mention about the meeting between President Obama and the big banks on Thursday April 11, 2013 where gold closed at $1,560/oz. The next day on Friday 4/12/13, gold closed at $1,480/oz. On Monday 4/15/13, gold closed at $1,351/oz. So, two trading days after Obama meets with the big banks, gold closed down $209/oz. Suspicious?

The show asks the question, is there a covert war between the American government and gold investors? The question is not really clearly answered on the show. I will answer the question – YES.

The History Channel quotes several people if they think the gold market is manipulated. These are not exact quotes but give you an idea what was said.

James Rickards – US government absolutely manipulates the gold price.

Peter Schiff – Gold plunges happen on no news.

Mike Maloney – Plunge protection team manipulates all markets.

Alex Jones – Investors know there is manipulation of the gold market.

As you might have surmised, there is one group that is curiously absent from the discussion of the manipulation of the gold market – GATA. There was not one mention of GATA during the entire 1 hour show. I credit the History Channel for reporting on the Gold Conspiracy. However, if the History Channel is going to report on the Gold Conspiracy, they should do it right. IMO, I do not see how the manipulators did not put pressure on The History Channel to keep all references to GATA out of the show.

Keeping GATA out of the discussion of gold manipulation would be like reporting on the history of pro basketball and not making one mention of Michael Jordan and the Chicago Bulls. The Chicago Bulls won 6 national championships and Michael Jordan was MVP for all 6 years. There is no other player in history that can claim that. IMO, this was intentional to not mention GATA concerning the gold manipulation discussion.

It was pointed out that the Federal Reserve has the largest bullion vault in the world at 33 Liberty St. in New York. It was indicated that the Fed holds 6,700 tonnes of gold mostly on behalf of other countries and that this vault is 5 stories underground. It was also pointed out that J P Morgan was located right across the street and had the largest private bank vault in the world and that this bank vault is also located 5 stories underground. It was pointed out that gold may be moving back and forth between the Fed vault and the J P Morgan vault giving the illusion that there is more gold available than there really is. However, there was one very huge omission from this story. The History Channel forgot to mention that this J P Morgan building was sold to the Chinese for a fraction of it’s worth in late 2013. There is so much smoke coming from this it is like a 20 alarm fire had broken out.

It was pointed out that in January of 2013 that Germany had asked for 300 tonnes of gold from the Federal Reserve in NY which was only a fraction of the gold that is allegedly being held there. Germany was told that they would not receive all of their 300 tonnes until 2020. Germany was further told that they also could not inspect their own gold.

Besides Germany, the History Channel pointed out that Ecuador, Mexico, Switzerland, and Poland all had asked for their gold or some portion of their gold from the New York Fed. All were given the same answer as far as stalling and delaying the delivery of their own gold. This was news to me that Ecuador, Switzerland, and Poland had asked for a portion or all of their gold back from the NY Fed. The question was properly raised, why cannot the Fed deliver this gold if it is available?

The Gold Conspiracy indicated that Dominick Strauss Kahn, former head of the IMF, received firm evidence from rogue elements within the CIA that all gold reported to be held by the US was gone. I believe that it was May 2011 that Mr. Kahn then demanded an audit of Federal Reserve gold. Shortly thereafter, Mr. Kahn was forced from office due to a bizarre sex scandal.

In 2009, Wikileaks uploaded a cable from the US embassy in Beijing indicating that China believes that the US government suppresses the gold price to support the US dollar. The dollar was being supported to benefit the bankers, the Fed, and the White House. It was also indicated that China was buying a lot of gold through secret channels and that this gold is off the books.

Overall, this was a pretty good job by the History Channel with the exception of some major omissions concerning the gold market.

Paul Yusem

http://www.lemetropolecafe.com/man_ray_table.cfm?pid=11450

http://www.history.com/shows/americas-book-of-secrets/videos/the-gold-conspiracy

http://www.history.com/shows/americas-book-of-secrets/episodes