Thursday, 22 July 2010

Keiser Report – Markets! Finance! Gold!

We look at the latest scandals of deficit fraud, Hank Paulson’s love of financial reform and the RIAA’s very low return bullying. In the second half of the show, Max talks to Ben Davies of Hinde Capital about the BIS gold swaps and more.




[Posted at the SpookyWeather blog, July 22nd, 2010.]

2 comments:

steven andresen said...

spook,

Thanks for this report.

I've been interested in the story involving silver and the whistleblower Andrew Maguire. As far as Google tells us, there's been no news on this story, nor speculation, on it since early April. The first several pages including his name do not involve dates after April 10th.

Max here mentions him.

I'm not very good at understanding economic matters, or markets and the selling or trading of goods. I would be interested to hear how the silver market scam that Maguire talks about fits in with what else is going on. So, is there scamming going on everywhere?

s.

SpookyPunkos said...

Steve,

As far as I see it most people involved in the money markets are trying to switch their money into assets that will go up in value.

It's all "fast money" here. If one thing looks like it's going to turn bad, like shares (ie mining stock and industrials), then the money moves into something that (usually) rises when the stock markets fall - like Bonds, Gold, Silver etc.

We know the big banking corporations make a lot of money from trading in the share markets, and a collapse here will stop the game. They can't let things rapidly crash away, having the money fly out into bank accounts or gold. Their income sources would essentially dry up.

Furthermore, the Government, including the Shadow Government, also has an interest in keeping people fixated with this money game. It helps provide a level of stability as opposed to chaos.

Working together, the big banks and Government have a grip on the markets. Using finanical strategies they keep the price of Silver and Gold low to stop a rapid flight away from the stock markets:

Inflating prices of Gold and Silver = a sign of panic/flight. Stable prices = a sign that things are under control and there is nothing to fear.

We're looking at a scam to keep people in the stock market and avoid a crash or sustained downturn.

Spook