Gold & Silver Manipulation: The Biggest Financial Crime In History
Gold & Silver Manipulation: The Biggest Financial Crime In History by Stewart Dougherty
This crime is already 285 times bigger than the LIBOR scandal, and 500 times bigger than Madoff’s swindle. It is, in fact, the largest, most destructive financial crime in history.
According to the mainstream financial media (MFM), the biggest financial frauds in history are the Bernie Madoff Ponzi scheme, with roughly $20 billion in net investor losses, and the Bank State rigging of LIBOR, which resulted in 16 guilty banks paying $35 billion in fines, which supposedly equated to their theft.
The MFM have conveniently ignored a far larger financial crime that has been perpetrated for 37 years and counting, and that has netted its orchestrators more than $1,000,000,000,000.00 ($1 trillion) in stolen profits. This crime is so powerful that it can produce fraudulent proceeds of $1+ billion on demand and in minutes, making it unique in the annals of theft. It is a crime that has been committed literally thousands of times since 1980, and is now being committed in the most blatant and brazen manner ever. This crime is already 285 times bigger than the LIBOR scandal, and 500 times bigger than Madoff’s swindle. It is, in fact, the largest, most destructive financial crime in history.
As this immensely profitable fraud has been perpetrated, the MFM have bombarded the populace with a propaganda campaign that smears and mis-characterizes gold. Rising precious metals prices are always presented as being ominous, negative and inimical to the people, while declining prices are consistently placed in a favorable light. This propaganda has been carefully crafted and timed so that when massive, coordinated price attacks occur, market observers actually view them as positive market developments and move on, in the belief that all is well and there is nothing to see.
Whenever true prices start to exert themselves, the MFM go into overdrive to demonize and discredit gold. Truly disgracing themselves, which is increasingly difficult for them to do given the depths to which their fake financial journalism has plunged, they have actually published articles calling gold a “Pet Rock,” and in another instance, a “Ponzi scheme.” By the latter’s idiotic logic, all natural elements and tangible goods are Ponzi schemes, too. If you listen to them, milk and eggs are criminal conspiracies also. They know it’s absurd, but they throw the spaghetti against the wall anyhow, to flog the agenda and please their Deep State owners.
Last week, Bloomberg Magazine ran a cover story about a two-bit nobody smuggling meaningless quantities of gold as if this were the gravest threat to humanity in the 21st Century. It was yet another effort to make the gold market look seedy, shady and dirty. The lengths to which they go in order to slam precious metals prove that this is a very important Deep State agenda. And it is, because its purpose is to deflect attention away from the Deep State’s unprecedented financial criminality.
In the late 1970s, oil barons Bunker and Lamar Hunt became interested in the favorable fundamentals of silver. They steadily bought the metal, ramping up its price. The Bank State went short against the Hunts, in size. But buying demand persisted, and by January, 1980, silver had reached a record $49.45 per ounce ($147.68 in today’s dollars) and the Bank State was choking on massive paper losses.