Chris Martenson about Gold price manipulation

In his latest article, Chris Martenson puts the gold price manipulation into perspective. He connects the gold price manipulation with recent examples of manipulation in other areas in the financial world. His conclusion is that gold price manipulation is given.

There is an increasing number of companies and countries that are a long time on the path of manipulation. Those practices have been there for a longer time, but i’s only now that they become visible. Cases like Greece’s catastrophic economy, MF Global’s bankruptcy with huge amounts of clients’ money that is “lost” and more recently Peregrine Financial are simply the first cracks in the current system.

The current system is an exponential, debt-based monetary system. It’s a Ponzi scheme. Why? Because it can only function if it keeps on expanding; only with expansion there is enough money and credit manufactured today to meet yesterday’s principal and interest loads. “Without endless growth, sooner or later the debt pile collapses, and truly extraordinary losses are taken by somebody.”

That kind of functioning applies to countries as well as companies.

How comes this was not visible earlier ? The point is that as long as everything goes well, people are simply not looking into issues like leaks of a system. It’s like the whole system feeds itself. From that point of view, all participants do everything they can to secure the same habits and practices continue in order to maximize their profits. A perfect example of this is the LIBOR scandal.

So in the same line, why would the gold price not be suppressed? Given that “gold is the only monetary barometer that exists outside of the world of fiat money,” it’s not convenient to see the gold price increase too quick too high.

Chris Martenson says: “To me, it is a given that the Fed, et al., would condone literally any and all activities that would boost the apparent health of major banks (their prime clients) and the apparent health of fiat money (their only product).” So from that point of view, what is the current price of $ 1,600 telling, in a world where the price of money has been manipulated via LIBOR and where it’s very plausible that the gold price is suppressed as well ? We leave it up to the reader to make their own conclusions, but can only encourage to take well informed decisions (after doing enough research) and think long term (fundamental trends cannot be suppressed in the long run).

We strongly recommend to read the report in detail and continue with the followup report ”Protecting Your Wealth“, which describes how you can avoid becoming victim of ongoing manipulations. We encourage you to subscribe to PeakProsperity.com. In the words of Chris Martenson: “The purpose of this report is not to stir up resentment or anger but to simply acknowledge the landscape as it is so that we can make informed decisions.”

More info on gold and silver price manipulation ? Then read our previous article.

We created a guide with trusted sources to invest in physical gold and silver.