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burningleg
24th July 2015, 09:32 PM
SoT Ep 44 – Rob Kirby: We’re Coming Into End Of Times
July 24, 2015


The gold smash going on right now reeks of desperation…the manipulation has become utterly in your face. It tells me we’re getting close the end when you have the likes of John Hathaway and Ross Norman starting to talk the gospel of GATA. These guys over the years have literally sniveled at GATA and told us we were tinfoil hat conspiracy theorists. And now these guys are reading out of the GATA book and that’s a mind-blower and this tells me this is close to blowing up. – Rob Kirby, Shadow of Truth

I was chatting this morning with a close friend in NYC who I know going back to my days as a junk bond trader at Bankers Trust. He works as a consultant to investment/hedge funds now and is extremely perceptive in his insights about what is going on in the financial markets.

I asked him what he’s hearing from some of the big hedge fund managers he calls on every week:

Everybody hopes they a have chair when the music stops and it will stop when this thing cracks it will crack hard. Carl Icahn going after Larry Fink the way he did is a very big deal and it reflects the amount stress in the system when the big fish turn each other.

What’s remarkable to me is that gold has held up as well as it has. The insiders are throwing multi-billion manipulation trades [Comex, LBMA, OTC derivatives] and yet there’s still a big bid for physical gold under the market…The one thing I’m sure of is that the “market” price we see of everything is not a market-clearing price.

What most people are missing is that Obamacare is a financial trainwreck. Not only that you have two trillion in underfunded State pension funds – and that number doesn’t include private pension underfunding – what are you going to do, let those people eat grass clippings and die?


There will be a mad scramble in the west by the elitists to grab what physical gold is left before the Comex completely defaults. It is quite possible, if not highly probable, that this final looting of GLD is part of that process. – Rob Kirby

The Shadow of Truth podcast with Rob Kirby is a natural extension and elaboration of the comments from my friend in NYC. This a highly engaging discussion about several topics connected to the precious metals market and how the blatant and non-stop outright Central Bank/western Government intervention in gold and silver trading directly reflects the fact that the western financial, economic and political systems – including and especially the United States – is on the verge of collapse:


http://youtu.be/v3vkP_HPliY

I’ve grown weary with people writing me and asking for my opinion on Martin Armstrong. I have laid out the historical facts intermittently over time between this blog and the predecessor The Golden Truth. People who follow and put faith in Martin Armstrong have no knowledge of his background or any understanding of just how psychopathically corrupt this guy is.

http://investmentresearchdynamics.com/sot-ep-44-rob-kirby-we-coming-into-end-of-times/

expat4ever
24th July 2015, 11:23 PM
First, I posted Martins video so we can compare and see who is right in the future.
I these guys are idiots to be honest. They bash Armstrong and at the same time steal his models claiming they have some magical theory about a 7 year cycle.
Armstrong says Oct 1 is the date we see a crash in Soverign debt and bonds. We are in an inflationary envirornment and have been for awhile but commodities are only coming down because of manipulation? Bull shit. They are coming down as they should. Oil, gold silver copper, everything is deflating because of a worldwide slowdown.
Sadly they come across as very uneducated and are just spewing the same old BS as the rest of the gold bugs.
For the record Armstrong also sees 2016-2020 as very positive for gold.
One last thing is these guys say a refiner is going to a jeweler to try and buy back silver because there is a shortage. Why would they do that instead of just buying from the mines? There is no shortage out there right now. The mint got caught off guard when the price dropped and demand increased dramatically in a very short period. That's all, nothing more. I don't think anyone expected prices to go this low again so Many manufacturers are caught off guard. I see certain items being delayed at some sites. (If its a real delay and they havent just temporarily pulled product). Overall there is plenty of metal available right now though. How many monster boxes of GAE's do you want? How many 100 oz bars of silver? There's plenty out there.

Oh and GLD has a clause where they can settle in cash if need be yet these guys go on and on for 1/2 the video about gld. Lets look at how that will really work. Say they have no gold they will pay in paper. At the end of the day does it matter if you just going to take your gold and sell it for paper or trade it for other assets anyway? The only way it matters is if we go back to using gold and silver as the main currency in the US. Since that wont be happening we can safely say you probably wont lose anything by holding gld or slv. I dont recommend either product though since I like the physical stuff and for me it isnt abut converting to paper again someday. However, if you are a paper player than both will be a safe play when bonds implode.


https://www.youtube.com/watch?v=wcBBiy3DybI

burningleg
28th July 2015, 10:46 PM
Oh and GLD has a clause where they can settle in cash if need be yet these guys go on and on for 1/2 the video about gld.

Sure the bankers have an 'out' written into their paperwork to continue supporting the paper system. But can't we call a spade a spade? That would be a default, regardless of whether they have an opt-out clause in the paperwork stating they could settle for cash if they want.