Ahead of the Fed meeting, today a man who has been involved in the
financial markets for 50 years spoke about the blockbuster KWN interview
with Andrew Maguire, the ongoing war in the gold market, the BIS, and
the coming super-surge in gold and silver. Below is what John Embry had to say in this fascinating interview.
One of the overnight attacks last week was 4,000 contracts in the middle of the night in less than a minute.
The
fact that Larry Summers will not be standing for the job a head of the
Fed, this has been viewed as extraordinarily good news for the stock
market, which is up dramatically. This clears the way for a more wildly
bullish scenario for gold and silver. So all this means is that the
gold and silver prices will be greatly enhanced in the future.
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Embry: “It’s
remarkable the extent to which gold and silver are being suppressed
here. I would say that what has gone on in the last week is probably is
as blatant a suppression as anything I’ve witnessed in the last 20
years, and that’s saying a lot.
“Let’s face it, that
isn’t normal trading. This is just pure and simple manipulation. This
begs the question, what are the central planners so worried about?
There is clearly something in the background that even the pessimists
don’t fully understand.
But
this just creates an even better buying opportunity for those who
understand where this is all headed. I would strongly suggest that
everyone who does understand the game here should buy physical gold and
silver and keep it outside of the banking system.
I was
absolutely thrilled to see that Andrew Maguire went public on KWN
concerning these allegations made by the JP Morgan employees. The fact
is that I believe these are totally valid claims regarding
manipulation. It really serves a purpose from my perspective because
there are a lot of people who should know better but who choose not to
acknowledge that the gold and silver markets have been totally
manipulated for many, many years.
When
you see information like what Maguire just revealed, anybody that is the
least bit objective would have to finally acknowledge that all of the
people who have talked about manipulation have been dead right. So I
thought this interview was historic, and Andrew is in a position to see
what is really taking place behind the scenes.”
Embry also added: “Apparently
there has been a report by a BIS economist which has acknowledged that
the only reason the financial system has continued to stay afloat since
2008 is because there has been a lot more debt created. He also went on
to acknowledge that they (central planners) are running out of
ammunition.
You
know that I fervently believe believe in Austrian economics, and under
that scenario the only way the global economy can now continue moving
forward is to have ever-and-ever greater debt creation in the future.
But the problem is that the world can’t even service the existing debt
it already has.
So the
idea that the world economy can grow to any sustainable extent over the
next few years is absolutely preposterous. This means there are only
two possible outcomes: If it doesn’t grow and they don’t throw more and
more monetary stimulus at it, we are going to have a deflationary
collapse. The other outcome would mean QE-to-infinity, despite this
talk of ‘taper.’
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