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GATA and illegal Gold Market Manipulation

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posted on Dec, 7 2006 @ 11:18 PM
GATA, the Gold Anti-Trust Action committee released this film called "Gold Rush 21".

This video is about 30 minutes long, and has a number of financial experts, investors, and gold traders discussing somewhat recently uncovered evidence of the illegal manipulation of the Gold market by the Central Banks, in a futile attempt to lower inflation and protect the value of the U$D.

They Central Banks have sold off over 16,000 tonnes of gold to keep up with demand and prevent the price of gold from skyrocketing. They report this gold as "loaned out" on their balance sheets, and combine their "accounts receivable" with their "cash in hand". This type of accounting would make the people at Enron blush!

This is a good film that covers a wide array of issues related to Fiat currency manipulation and etc...

posted on Dec, 7 2006 @ 11:19 PM
Also, you can check out the GATA site at

posted on Dec, 7 2006 @ 11:44 PM
As far as I am concerned, the banks are illegal entities anyway. When they say they merely lent the gold out are they really lying?

All they got to do is print more money and buy it back anyway.

posted on Dec, 8 2006 @ 03:28 PM
When they say they loaned it out, what they really mean is that they sold it. However, they list it as loaned out so that they can continue to claim that they still own it. The Central Banks report that they have something like 33,000 tonnes of gold on reserve. However, since they have "loaned" over half of it out, they really have less than 15,000 tonnes on reserve. If that information goes widestream, then the price of gold will skyrocket because people will realise that there is a diminishing supply....

Since demand is 1,500 tonnes per year more than is produced, there is no way the banks will ever get their "loaned" out gold back...

posted on Dec, 8 2006 @ 08:48 PM
This exact scenario, but on a much larger scale, is represented in the fiction novel Dark Watch by bestselling author Clive Cussler.

posted on Dec, 9 2006 @ 10:31 AM
Hmm... so does all this mean we should buy gold??? Should we try investing overseas and reducing our own personal dependency on the US dollar and the US market in our portfolios?

posted on Dec, 9 2006 @ 03:06 PM
Remeber this simple addage when considering your financial future;

"Metal GOOD!, Paper BAD!"

Avoid all fiat currencies at ALL COST!!

Buy commodoties, any commodoties, to protect your current wealth. All commodoties work, but gold and silver are by far the best.

Buy Metal mining stocks. Gold, Silver, Lead, Zinc, Copper, hell... even uranium, and etc to make money. As the price of commodoties rise, the price of metal mining stocks usually tripple or quadruples

posted on Dec, 10 2006 @ 09:12 PM
One way to start fighting the Fed is with alternative money. For instance, the "liberty dollar" is paper money that is actually backed by gold and silver...

or you could (SHOULD) hoard some silver and see if you can find any loval merchants that are willing to accept silver as payment.

posted on Dec, 18 2006 @ 01:58 AM
Y'all might also want to check out this video: It mainly deals with the Fed and the IRS, but, I found it very entertaining, it was also on another thread on here about Income Tax but I thought I should post it here to hopefully get others to view it. The only bad part is that it's nearly 2 hours long, but, it's well worth it.

posted on Dec, 29 2006 @ 03:06 PM
Thats Freedom to Fascism, right?

That movie is awesome, and absolute must see. Its all about the federal reserve and illegal taxation and explains how the rich are stealing from the poor.

And by the way, debunkers always try to say, "They're so rich it doesn't matter. why would they conspire to steal more money?"

Well, its not about the money. At that point, its all about keeping the rest of us down. The rich make sure they invest in new industries so that they control them and they make all the profits. They do everything within their power to prevent us from making money, because if we have money we have power and we will take the world back...

To anybody that hasn't seen the film, watch!

posted on Dec, 29 2006 @ 11:07 PM
Shortly after Alan Greenspan was appointed chairman of the Federal Reserve in August 1987, the stock market crashed. The crash created uncertainty, which slowed the economy and in turn worsened the ‘savings & loan’ crisis that had been brewing for years. The collapse of countless S&L’s had softened the real estate market because many of the loans the S&Ls had made to build houses and office buildings turned out to be uncollectible. These buildings had no immediate use, so they were sold for whatever price they could fetch, often at bargain basement prices.

Given this glut of inventory and the volume of distressed selling, real estate prices nationwide then pretty much went into a bear market, and the knock-on effect was eventually felt by commercial banks. By 1990, giants like Citibank were essentially insolvent, and it looked like they in turn were going to need a taxpayer bailout like the one the S&Ls had received only a few years before.

However, taxpayer bailouts are never popular, and another one seemed politically impossible. The cost of the S&L fiasco was becoming all too apparent, and the public had become sickened by the banking industry’s corruption and management incompetence that led to the collapse of so many S&Ls.

So the Federal Reserve and Mr. Greenspan faced a dilemma. How do you save Citibank and other big banks from collapsing when a taxpayer bailout was not possible? It was here when the Federal Reserve started to pick taxpayers’ pockets.

The Fed dropped short-term interest rates to artificially low levels, but it kept medium term rates relatively high. To take advantage of this widening spread, Citibank and other banks borrowed large amounts of short-term funds at relatively low interest rates, and then invested this money in relatively high interest rate US government notes and bonds, earning the huge profits available from the spread between these assets and liabilities.

In time all the banks strapped on this feedbag, and within a few years their capital positions were replenished, even after allowing for all of the bad real estate loans they had to write off. In effect, the banks were bailed out in a hidden way. Taxpayers paid for the bailout, but not one in a million Americans realized that they had their pocket picked by having their taxes used to pay excessively high interest rates on US government notes and bonds. What’s worse, this form of pocket picking has led to another equally pernicious form of theft, namely, picking the market’s pocket.

posted on Dec, 30 2006 @ 06:33 AM
yer im aussie and even i know ur state treasury was bought out in the 30-40's by bankers westing house poms and others and all those yeah irs is funny i like that theres no law stating that its is against the law to not pay incombe tax thats hillarious and the irs are just heavily weaponed goons with to mutch paper up there ass

posted on Dec, 31 2006 @ 11:41 PM
I couldnt have said it better myself...

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