The continuing plunge in PM pricing in Asia seems to imply a currency swap situation. For example, if dollars were exchanged for Yuan when the dollars bought fewer Yuan (the dollar had weakened), then gold was bought with Yuan but in dollar terms where the gold price was weakened by futures manipulation then a type of arbitrage would have taken place to obtain physical gold at a lower price. For sure when there is continuous repetition it implies manipulative tactics within a 24 hour cycle. This also implies that Washington and the Fed are complicit, or measures would have been taken to prevent such arbitrage. As a matter of fact the Yuan gained a little today versus the dollar. But maybe it’s all part of the stateside one-worlder’s scheme to destroy the country.
Or have they already wrecked the economy to such an extent with their Fed issued counterfeit fiat fake monopoly money that they are powerless to defend us? While PMs are rising here it seems Asia is getting relatively better PM prices in their markets versus dollar based stateside prices. This becomes important when such gains have the potential to take on a militaristic component.
So the Fed voting members had their little meeting today and it was almost unanimous to continue printing, thus admitting that the government numbers about an improving and robust economy is a lie. Then the "boys" step in and start driving down the price of PM's so they can scoop up more at a lower price. Yes, they are accelerating the destruction of this economy... and the G-20 meets in September and the BRICK countries will be lobbying for a new Petro Dollar and many other nations could rapidly fall into line with that move considering even the smaller economies have been shifting out of the dollar in recent times as they look at the handwriting on the wall.
“So the Fed voting members had their little meeting today and it was almost unanimous to continue printing, thus admitting that the government numbers about an improving and robust economy is a lie…”
As said a number of times before, what the Fed and their members deserve is never going to happen. But we can still talk about it and hope it will be the case some time in the near future. Per our US Constitution they are felons yet to be convicted under prescribed penalties.
The following is not an overstatement. If business within the Fed continues as usual, absent penalties, we will destabilize back to some sort of stone-age culture.