Hi and welcome to the x22 report spotlight today we have a returning guest Rob Kirby he's with Kirby analytics that's Kirby analytics comm and I am very happy to have him back on the x22 report spotlight welcome back to the spotlight is a pleasure to be with you once again hey thanks for being here and I wanted to start off with what's happening to globalism because we're seeing that the u.s. shot down the Paris climate Accord the u.s. is telling other countries they have to fund NATO we're seeing that we're reworking NAFTA the TPP is dead center representative to the belt and Road and now we're changing the banking regulations do you see the globalism being dismantled what's happening with globalism right now I believe that globalism has hit some very very large speed bumps but I do not believe that globalism is dead and buried at least not yet so when you say not just yet what do you mean like do they have something planned or do they have something else up their sleeve or is on the stance of the answer to that question is yes I believe that they have things planned or up their sleeve these people these people have shown a great deal when I say these people the globalists have shown a great deal of resilience they seem to double down at every opportunity it's it's like it's like with this with this Trump Russia narrative that the mainstream media and America has been trying to propagate and promote over the past number of months day it's been shown to largely be a complete nothing sandwich or a nothing burger as it's been referred to but these these these clowns at CNN and CNBC The Washington Post the New York Times they seem they seem to every time they're made to look like fools for you know pushing this narrative they seem to double down and and and try to sensationalize that new granules of nothing regarding to trump and and russia or people around Trump and Russia so they just don't seem to have any interest in admitting defeat that and it's it's and it's not just the the Democrats that are that are involved in this it's really a bipartisan effort it's the highest levels of the Republican Party with any monster Ryan and and and McCain doing everything in their power seemingly that to me anyway to undo the ordeal eejit Amaya's the trump presidency so no I don't see them going away it seems to me that they they continue to put up roadblocks and try to run interference whether whether it's whether it's in Trump's ability to name select and name people to key government positions to fill out the roster in his administration they've just been running interference perpetually I mean Trump by and large his administration is still being run in many key positions is being run by holdovers from the Obama administration simply because the vetting process for potential Trump administration people has been has been gummed up by the bureaucracy that was left in place by Obama and he is being prevented from governing effectively but but all that being said I think Trump has accomplished a great deal so and and you know and illustrated by is taking America out of the this climate this climate hoax the the trans-pacific partnership you know one of these one of these sovereignty usurping trade agreements which which are complete boondoggles for concentration of of power and foreign lands so yeah I don't see them going away they're going to continue to kick up the good fight and then just recently we've seen Obama giant basically joined forces with the with George Soros to foment more difficulties on the domestic front for Trump I mean this is the first time at least to my knowledge is the first time in American history that an ex-president has basically gone to work directly opposing and then you know an incumbent there were no president it's unprecedented so no they're not giving up if anything they're doubling down again yeah it looks like I mean there's parts of me saying that you know globalism he's trying to chip away at it and the other part is saying that they're fully completely still in control I mean look what happened I mean especially with the precious metals market and especially with what is happening with the central banks and the economy and things like that I mean the precious metals market they've been controlling for a very long time and I'm talking about it's either the US government the central bank or maybe the banking system you might have a better handle on who's actually controlling it but we saw just a couple weeks ago silver was I mean it was smacked down and you know people were saying was a fat finger error it you know it was a glitch but we've seen these before it's not like oh this is something new but they're still trying to suppress gold and silver that hasn't changed the question to you is why are they still doing this why do they want gold and silver suppressed and what's your take on what happened during this silver smackdown the reason the precious metals are suppressed Abe is because they represent the go-to alternative to the Fiat US dollar and as as the as the historical go-to alternative to a currency that's being debased and debased by the people who have the power to print it this becomes their this puts a big target on the back of the precious metals in that they can't be seen to be viable alternatives at least at least in the eyes of the people who control the the plight of the US dollar so it's under precious metals have been under a constant and and persistent attack for for for the very longest time and you know as to as to when this is going to end I mean I do believe there is an end to this to this suppression and I do believe that the suppression ends under a scenario where promises are made to deliver physical metal and the physical metal is not available to deliver and there will be there will be a default and it might not be called a default it might be a deck you know they'll try to they'll try to dress it up or or put it put a beard on it and call it force majeure for different reasons but the the end the end game will be that that precious metal will not be delivered to somebody who has demanded it and and when that occurs the the paper markets where infinite supply is is offered for sale by agents of the powers that be the the you know is the mustard of providing infinite supply of paper to a market where the underlying physical commodity is is very rare and and in very finite supply the infinite supply of paper versus the very finite supply of the physical metal that underlies the paper contracts you know I think most people can can imagine how how that doesn't work out long run it's it's not a sustainable model because you know this the whole idea that these paper players can throw at the market three times global annual production of gold in in you know in a three day period it that's just a dog that doesn't hunt or at least it doesn't hunt very long because we'll see it for what it is and ultimately I've seeded the precious metals markets moving to cash and carry but I'll tell you something there's been some interesting developments that that have been a broader way one one I'd like to just bring to everybody's attention or highlight it because it's not it's not really all my my work but Craig empty your turd Ferguson as he's known in the and in our community with the he's the proprietor of the turd Ferguson metals report and he he put out a paper earlier this week where he was making an observation that JPMorgan seemingly has stopped accumulating gold and silver as law March of this year and when I say stopped accumulating the amount the amount of gold and silver flowing into their depository has has has ceased and and the amount of metal in their depository grew very rapidly between somewhere around 2015 up until January or February of this year and then it's just stopped and it had been been growing at a very aggressive rate literally every every contract every every contract hasn't matured they would be accumulating a lot and I something that I found really really interesting was that JP Morgan got into the depository business with precious metals back in April of 2011 and for people who have been following the silver market for any amount of time knows that it was May of 2011 when we had our famous drive-by shooting in the silver market where the silver market market plummeted from 49USD down to 42 dollars within seconds of trade opening on a Sunday night and that mark and marked the collapse of the silver market to the basically down to the levels that we see today 1617 dollar range for silver and I find it very interesting that literally right at the time when JP Morgan got involved in and handling physical metal silver price collapsed at because you know it has it has an eerie similarity if you want to go back to the 2006 timeframe JP Morgan started trading natural gas and it was it was at the very literally at the very moment that JP Morgan opened up a natural gas trading desk that the price of natural gas plummeted from 16USD down to whatever where are we today two or three dollars for natural gas and you know it's it's no coincidence to me because I don't believe that I don't believe in coincidences to begin with but I find it very interesting that the minute JP Morgan entered the natural gas trade the price of natural gas collapse and then we had to collapse or the bankruptcy of amaranth which was a big natural gas trading a facility hedge fund back in that timeframe and JP Morgan had been serving as a Marantz banker and amaranth broker at to purchase Nasser and then to trade natural gas contracts and and amaranth was basically a long-long fund on natural gas and lo and behold JP Morgan entered that business and basically took the other side of a Marantz trades and crushed them I mean and I've written about it I mean it had articles in our in the public domain that I've written regarding a JP Morgan and amaranth demise and and and how and how how correlated JP Morgan's entry into that market is tied to the collapse of the net gas priced well and isn't it interesting that once again we can tie JP Morgan's entry into the end of the warehousing physical medal to the collapse of the price of silver and anyway I have to do some more work on that and there would be a paper coming on that but the the the coincidence of these two very strategic markets collapsing when when JP Morgan makes entry into these markets it really really stands out like a sore thumb to me yeah I don't believe in coincidence this is exactly what they've done they saw an opportunity they were prepared and they brought it down and it wasn't a coincidence and we could see it all over the entire economy I mean with manipulation going on everywhere it's not just in one little area but there is one area where we can see what kind of an open market looks like in the crypto market where we're seeing the ups and downs and things actually make a little bit more sense than they do in the precious metals market in the stock market in the economy with the manipulated numbers there and every time I look at the crypto market I think wow if gold and silver were able to trade freely like the crypto market we would see the ups and downs and the prices moving up like this just like the crypto market I wanted to get your take on what you think is happening in the crypto market well I agree fully with what you just stated and to be to be to be quite honest and frank about it I believe that the gyrations that we are seeing in for instance in Bitcoin where the price can be up or down 300USD in a day is is exactly what gold would be doing if the gold market was not shackled and strapped to a gurney compliments of the likes of JP Morgan Goldman Sachs and Citibank who who by the way are the agents and the let's just say that they're the the go-to people in the or interface with public markets that the exchange Stabilization Fund the secret of arm of the US Treasury passes their orders to through the conduit of the New York Federal Reserve trading desk and you know and I want to get to this point of who's really behind the manipulation and I've discussed with a lot of compatriots in the in the alternative universe that it's my contention and belief that the exchange Stabilization Fund whose mission was created in 1934 and its mission was basically to defend and protect and preserve and promote the units of the US dollar and to protect its primacy as the world's reserve currency and I believe that the ESF is behind the manipulations we see in the capital markets or the bulk of the manipulations we see in the capital markets and if you if you've ever taken time to to watch Eric D carbonyls expose on the exchange Stabilization Fund which you can you can view by going to the website market skeptics com and if you look in the right-hand margin of the homepage you will see a link that will be headed by the words something I've been afraid to blog about the ESF and if you and if you click on that link you'll come to a five-part YouTube expose on the exchange Stabilization Fund and for what what this expose explains is the relationship between the ESF and the Fed and how the how the ESF is the real muscle behind interventions in international markets but the ESF doesn't like to take the credit they they're happy to have the Fed take the credit or be assigned credit for the for the apparitions that they create in the in the capital markets and and the reason I think it's important for people to understand that so anyway I know made let me just first say that the the exposé on the ESF explains the relationship of the Federal Reserve being the prime broker for the ESF all ESF orders are passed through the New York Federal Reserve trading desk and then and then the New York Fed disseminates those orders off to the commercial banks so these would be the behemoths American derivatives houses which is principally five big players and the five big players in u.s. derivatives and these and when I say the biggest players these five players hold like 99% of all derivatives held by American financial institutions so and then these five institutions are JP Morgan Citibank Bank of America Goldman Sachs and Morgan Stanley the Magnificent five so the reason I think it's important to understand that it's the ESF that has that that really controls things is because if you're going to effectively go to war with with an enemy you have to know who your enemy is and I think a lot of people are misplaced by perpetually blaming the Federal Reserve for all that goes wrong and I'm not saying the Federal Reserve or good guys or the Federal Reserve is a great institution but I'll tell you one thing I think I think it's very clear to me the reason why the Fed does not ever want to be audited and there's been so much resistance on both the government side and the banking side to to a clear real audit of the Federal Reserve because an audit I do believe if it was transparent it would it would very clearly show that the the Fed is acting for the exceed stabilization fun and its really people who have captured the bureaucracy or that America's government is in fact been basically taken over and I think it's important to get that straight because if things are ever going to change I think I think what needs to happen is is the the real culprit behind these interventions and its market rigging the true culprits have to be identified and ultimately the power at least to me rests with the exchange Stabilization Fund that has that has dark money at its disposal that I believe amounts to many many trillions of dollars of undeclared and unseen money so Rob who actually is running the exchange Stabilization Fund like is it is it the Treasury Department is it one individual is it a group of people the the you know the let's just say the name on the desk or the name on the office door where the where the ESF is run from is the is the Treasury secretary and I would I would I would believe let's just say it's part of the executive branch of government and let's just say and I've stated this recently I actually am at a point now where I wonder I really wonder if if Donald Trump really got to select his choice for Treasury secretary I wonder if that was something that he was maybe very frightened by in the in-between between election day and and and his inauguration Trump visited the White House and Trump referenced and and I mean when he was sitting in the Oval Office with Obama after the election when he had one there was a there was a an impromptu press conference that was given where Trump looked like he had an extremely frightened look on his face and he made reference to when he said when he said a few word seemed he made reference to found out some things that he you know didn't know or or there were some surprises and I'm wondering if one if if the surprise and one of the surprises might have been him being filled in on the extent to which the exchange Stabilization Fund is is a presence in our capital markets and I literally wonder if he might have been told your picks for Treasury secretary are a or B and this way when Trump picks what he picked which ended up being Steve minuchin you know he can he can say well I picked him well of course you picked him but you were given you you had a choice of A or B and you chose a but is that really a choice it's it's sort of like it's sort of like if if you think back to the time of the or think think about the think about the Chinese political system and do people really have a choice like is there anyone on the ballot in elections in China other than people who are members of the Chinese Communist Party and and I questioned whether whether Trump might not have really had a choice and he was told it's going to be it's going to be a or b because the powers that be that are that really do control the US government you know they own it you know they own it and and like America is an occupied country and there's a lot of people who talk in those terms in the alternative press and I just wonder how deep the control goes and I and I actually wonder whether Trump really did have a choice like like I wonder I wonder if Donald Trump had said he really really wants to have Kathryn often fits as his next Treasury Secretary whether that would have been allowed most likely not so and I frame it up in those terms and and you know and that's that being said I don't Catherine Fitz would be interested in the job but I mean to me she would make a wonderful Treasury secretary completely wonderful Treasury secretary but I just I don't for some reason I just don't think that that would be allowed I don't think she's on the approved list and I think you have to be on the approved list to be considered for choice and I don't think the approved list is designed by the president I think the president is dictated to and told these are your choices and this way when he picks one he can say he chose but it I really it's you know it's really all it is it's a legalese sort of thing where where you can you know you're culpable deniability you know and you can and you can say hogwash I chose I chose the person well yeah you chose the person from a pool to you got a choice you said the ESF they're the ones propping up the dollar right now I believe so yes do you see countries dumping the dollar Yeah right I mean countries have been over the past two years on a net basis countries have been lightening up on their US government securities and the countries that have been lightening up over the past couple years include China they include Japan they include Saudi Arabia and these are countries that are traditionally America's largest finance ears so my question has been over the last couple years like I can't really I can't really point to any entity and say this is who's buying the bonds that are being liquidated by America's typical lenders so like the bonds are disappearing like the bonds are being sold and my belief is there being memory hold they're being they're being bought by Burke dark money out of the exchange Stabilization Fund and this is why the bonds aren't showing up in the ledgers of any other countries so you know you inject dark money in the end of the markets and the bonds come out of the market and they go into the dark hole and and and and what what logically would you have as a I mean this this would be philosophically this would be a very inflationary type type of activity or action and lo and behold what do we have we have real estate markets around the world that are just going up at a tremendous rate I mean real estates bubbling I mean I live in Toronto in Canada and and and the real estate market in Toronto it's it's it's just been on fire as it has been in Vancouver as it has been in London England as it has been in many cities around America but I mean this is this is not something this is not something you would expect that to happen when when there's less money around to me what it sounds like you're saying is that they have the ability to control almost every aspect of the economy by you know pushing money into real estate by keeping precious metals down by dictating to the Fed what they want them to do yeah but it but like look at it from this standpoint Dave the Federal Reserve tells us they say it you know tells us they haven't been engaged in QE for years a few years now it's not the Federal Reserve that's doing the qat it's the ESS so the Federal Reserve can actually make the statement they're not engaged in QE but the ESF is because the ESF the ESF will always make sure there's a good for us US government bonds you know here's another another very interesting factoid which which I'd love somebody to explain to me you see Germany for instance who is basically viewed as the best credit in the European system and Germany as has has in the past had failed bond auctions where they could not auction bonds failed auction it wasn't enough bids to cover the amount of bonds they wanted to sell and and it's happened like on like on many occasions in Germany but America's never had a failed bond auction not publicly anyway and I'll tell you there's a reason why America has never had a failed blonde auction because they have the ESF in the background who will always make sure that bids sufficient number of bids are made that they have a successful bond auction you can take that to the bank because I'll just tell you something there have been there have been times there have been times in the last 20 years when conditions have been such that there should have been a failed blonde auction but there never is and the garbage that were fed the garbage that were fed as to you know how how deep how deep and and how robust the the US government securities market is is is is a fairy tale just just like the fairy tale of 9/11 and a building following a 50-story building building 7 in the World Trade Complex falling without a plane hitting it's a complete fairy tale and it's a complete fairy tale too to suggest that the US would never have had a failed option well the only reason they haven't it's you know it's because there's this entity that's there in the background with unthinkable literally unthinkable amounts of money and they're there and they're there to provide a bit so there's always a bit that's why there is always a bit for US government securities do you know where this dark money comes from like how's it flowing into the ESF well you know the SF the SF was created in 1934 day and the way it was created is the US Treasury confiscated gold from the American public and the gold was revalued the Treasury when they confiscated the gold they paid everyone twenty dollars and sixty cents or twenty dollars and change per ounce and fiat money and then six months later they revalued that gold up to 35USD an ounce and that created a windfall profit of between two and three billion dollars in 1934 and that money was used to seed the exchange Stabilization Fund that windfall profit that was the seed capital for the ESF and you know three billion dollars in 1934 made the ESF the most powerful financial entity on the planet burn on hands and fists above anything else in the world so you know the ESF does not exactly come from humble beginnings the ESF in its in its inception had a scary scary amount of money and if you do watch the exposé on the ESF at mark de that i spoke about the link to which is at market sceptics calm you will see that basically the central banks themselves the central bankers themselves were very very concerned that so much money was going to be put into such let's just say an opaque entity where where it was going to be controlled by you know basically shadowy forces so yes soon with this i'm trying to deal with with your question if the DSF is engaged basically it's not subject to any laws the SF is not subject to any oversight the SF does not produce contrary to what anybody else might tell you the SF does not produce comprehensive annual financial they are free to trade in absolutely anything they deem relevant to their mandate so it like if it's relevant to their mandate to have regime change in a country they they're engaged in that if it's relevant that they're involved in shadow here I'm stealing they do that if it's relevant to be involved in it look you Nina drugs you can go to some pretty dark places so you know the notion that these guys the notion that these guys have unthinkable wealth is it's not really a stretch when you consider the range of what they are capable of dealing in which is anything they don't pay tax and they don't produce financials so you tell me what what a three billion dollar animal created in 1934 basically subject to no rules no tax no no audit you know and and the other thing I will also mention whereas the ESF has no oversight the Federal Reserve does have to come before Congress twice a year and you know the Senate Banking Committee and answer answer to lawmakers under oath twice a year no such no such rule applies to the ESF and you know and it's also it's also very interesting to note that nobody nobody in in Washington nobody in the mainstream financial nobody on Wall Street nobody will talk about the exchange Stabilization Fund and you know anybody any politician or any banker that would start talking honest honestly about the exchange Stabilization Fund would be as welcome as Edward Snowden because it's a matter of national security and of course the preservation of the dollar as the world's reserve currency is a matter of national security because that's what America is but it's really a lot of smoke and mirrors that's what it really is as countries continually you know move away from the dollar what are these individuals going to do because their whole system is based on having the dollar as the reserve currency and having control over the world now listen other countries days are coming on the curve and Anna and get it other countries realize that there's a reason why America can do things that nobody else can and it's not and it's not intuitively because Americans are smarter or because Americans work harder it's because Americans have these have these these ten they've got these uh trick-trick things that are put in place that that people are getting jiggy with that's why that's why countries around the world are negotiating you know bilateral and multilateral trade agreements amongst themselves where they exclude the dollar from settlement rate and these deals are being negotiated all over the place and have been being done so now for the last number of years this is this is why countries are wagering into the or waiting into the cryptocurrency realm because the cryptocurrency realm doesn't allow for an exchange Stabilization Fund type of entity you know to manipulate it you can't have you can't have dark cryptocurrency cryptocurrency is is is legitimate it's basically it's tamper proof okay and that's why there's been a lot of that's why a lot of a lot of countries have been you know loath to endorse it and you know all I will say this crypto currencies and the adoption of crypto currencies stand is a very very very big problem for US dollar preservation or preservation of the US dollars the world's reserve currency on a go-forward basis it absolutely stands as an impediment so you know where the Kryptos go from here I think they're going to continue to be adopted you know there are aspects to the cryptocurrencies let's scare the living daylights out of me in in that you know cryptocurrencies are dependent on a free and functional and operating internet which which means that the power grid isn't interrupted and and that sort of doesn't sit well with me because I don't think it's a I don't think it's a given that we will always have dependable power I don't think it's a given that we will always have a free internet so you know where do we go from here but but let's let's let's just be certain on one thing the reason the cryptocurrencies are exploding in value is because they represent another anti dollar trade just as a run into physical precious metal is an anti dollar trade the rush for crypto currencies is also another anti dollar trade and the reason these things are going up is because the the traditional go-to dollar of alternatives have been have been neutered and have been strapped to the gurney and I'll tell you something they won't remain strapped to the gurney forever and and their time is coming but it's it's going to be physical precious metal that's going to appreciate not not the discredited paper derivatives of metal so anyway that's where we're headed and how fast we get there is anyone's guess you know timing timing could be short and timing could even be immediate because we could be in a window right now where we're a complete and utter reboot of our financial system might have to be undertaken at any time going forward so we're living in unprecedented times day yes we are Rob thank you very much for being on the x-22 report spotlight once again how can people see your work you can catch me on the web at Kirby analytics stuck-on fantastic thank you very much for being on the spotlight I appreciate it not close your deep [Music] you [Music] you
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