27 Oct Gold price manipulation & banking corruption
The secret origins of the financial powers …
Gold price manipulation & banking corruption
The Financial Times published this:
Global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy. The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price, which is set twice a day by Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia and Société Générale in a process known as the “London gold fixing”. Fideres’ research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behaviour”. “[This] is indicative of panel banks pushing the gold price upwards on the basis of a strategy that was likely predetermined before the start of the call in order to benefit their existing positions or pending orders,” Fideres concluded. “The behaviour of the gold price is very suspicious in 50 per cent of cases. This is not something you would expect to see if you take into account normal market factors,“ said Alberto Thomas, a partner at Fideres. Alasdair Macleod, head of research at GoldMoney, a dealer in physical gold, added: “When the banks fix the price, the advantage they have is that they know what orders they have in the pocket.” BaFin, the German regulator, has launched an investigation into gold-price manipulation and demanded documents from Deutsche Bank. The UK’s Financial Conduct Authority is also examining how the price of gold and other precious metals is set as part of a wider probe into benchmark manipulation following findings of wrongdoing with respect to Libor and similar allegations with respect to the foreign exchange market.
The above article was removed from the Financial Times website just two days after it was posted. How strange. But you can find it on Zerohedge … –> http://www.zerohedge.com/news/2014-02-25/here-fts-gold-price-manipulation-article-was-removed
“…so it was that the temple that should owe fealty to the gods alone, became a front for the international money creative force of that day and age; connected closely with the trade in precious metals and slaves as it must have been.”
— David Astle, The Babylonian Woe, p. 25.
The farther one goes back in history, the closer the relationship between science, magic, and money becomes. Over time this relationship only went under the radar but never broke. Our banking system as well as the core beliefs of most Secret Societies in the West all strech back into Egypt, and from Egypt the ideas were mixed from Sumeria and their controlling priesthoods. Coinages, were conducted in the temples and under the supervision of priests.
Alexander Del Mar wrote that “The governments of Persia, Assyria, Egypt, Greece and Rome made a profit on the coinage by raising the value of gold, while those of India, China, and perhaps also Japan, made their profit by maintaining, or enhancing, the value of silver. for the societies of the Occident — Egypt, Assyria (and presumably Babylon), Persia, Greece, and Rome — artificially defined gold as being the metal of highest value in terms of its convertibility into more units of other metals, while, conversely, the governments of the Orient — India and China — pursued the reverse policy, of making silver the highest valued metal in terms of its convertibility into other metals.
Alexander Del Mar, History of Monetary Systems, p. 89
This is the biggest profit secret of the ages!
In short, what is being created, from earliest times, is an international financial class of “bullion brokers” or as we would call them now, bankers manipulating the values and resources. Thus from ancient times on these brokers created these policies in various parts of the world, policies which would enhance their own power and wealth …
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