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ALL MAJOR BANKS ARE AT RISK OF BANKRUPTCY!!!

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CITI BANK & BARCLAYS BANK AND DEUTSCHE BANK ARE AT RISK OF FAILURE!!!

Both the US Department of Justice and the Swiss Competition Commission are investigating several banks for colluding to manipulate gold and silver prices!

So in addition to markets being broken, there’s also an extraordinary amount of manipulation going on… which means that, quite often, prices mean absolutely nothing.

Consider gold and silver, two obvious long-term stores of value whose prices have been in decline.

Bear in mind these are paper prices, i.e. prices set in broken commodities markets, heavily influenced by central banks, and criminally manipulated by investment banks.

So is this price really a valid indicator of their worth? Not by a long shot!!!

Think about the ever-widening gulf between the ‘paper’ price of silver and the ‘physical’ price of silver… evidenced by the massive shortage in real, physical silver right now.

The paper prices of gold and silver are set (and manipulated) in financial markets through commodities exchanges.

It’s not like traders are huddled around bags of coins bidding on which one of them will haul it away.

Instead they’re dealing with contracts… pieces of paper (or electrons) passed around by traders and bankers.

In fact, the gold and silver contracts traded in commodities exchanges are designed especially for people who have no intention of ever taking physical possession of the metal.

Case in point: the paper price for silver traded in Chicago is based on a contract that is supposed to end with physical silver being delivered to the buyer.

But the contract specifications set by the exchange allow up to 10% FEWER ounces of silver to be delivered than what was specified in the contract.

And in London, the London Bullion Market Association’s “Good Delivery” rules allow silver bars to be up to 25% less than what was specified in the contract.

And it certainly raises the question– who would possibly purchase 1,000 ounces of silver if the exchange was only required to deliver 750?

Anyone who actually wants to own real gold and silver would rather buy from a local coin dealer.

Futures contracts are for bankers and traders. Paper prices are for economists and reporters.

The current shortage of silver, particularly in North America, is a much better reflection of its value than heavily manipulated commodities markets.

All these contracts and prices truly reflect is how broken the financial system really is… which is actually precisely why you would want to own more gold and silver.

Seriously, how messed up is our financial system when asset prices across the world can be so easily rigged by the very institutions that demand our trust?

This system is pure insanity, as are its prices!!!

As such, I don’t let their prices guide my life. It wouldn’t bother me if the price of gold went negative, just like propane in Alberta.

After all, I’m not trading paper currency for gold, just to trade it back for more paper currency if the ‘price’ goes up…

The idea behind buying gold is to swap paper money for something real!!!

Banks can rig its price all they want; gold’s true value comes from its function as a long-term form of savings and a hedge against a broken financial system!

The Anglo Commonwealth Euro-US Criminal empire will be the future third world nations; and now are starting to be expossed for what they are – Bankrupt Barbaric Liars!!! 

The EU will Collapse – but the USA just may beat it to the punch as its on the verge of total economic destruction, meanwhile the UK has become a broken down empire facing chaos and major povery crisis; much like Canada and Australia!!!

I have warned about this moment for many years that is now on the West’s door step… Its obvious, they can not hide reality any longer!!!

Get Ready For Impact!!!



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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


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