Saturday, December 17, 2016

Bankers wage war on customers.

There is a bank in Basel called the Bank of International Settlements (BIS) and it has become a major culprit in overstepping its authority. Every two weeks representatives from Central Banks gather to plot their dastardly deeds to fleece the customers. This is like a secret society that we know of only after they have acted.

Currently, the BIS is waging war on cash and precious metals. The test case was India. The country had withdrawn the two largest denomination bills, causing chaos in India. The excuse was that the large bills are used by criminals. This had the predictable effect of driving even more Indians to purchase gold. So, the Indian government froze the accounts of the largest gold importers, so they could not import gold. What do you think happens when the govt bans a commodity people want to buy? Yes. Indians have to buy gold on the black market that puts a $300 premium on one oz of gold. Smugglers are raking it in.

Of course the real reason why the govts war on cash is that they want to herd us into using electronic cash so they can keep tabs on all our activities so they can tax it. Along with these two activities, gold price was dropped again by selling paper gold (contract). The Chinese are buying gold at a discount. What the paper shorts are doing is compressing the supply so when the price suppression has run its course, we will see a str rally.

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