Ron Kirby on Precious Metals Price Manipulation

 and welcome to the x 22 report spotlight today we have a returning guest Rob Kirby he's from Kirby analytics com and I am very happy to have him back on the x 22 report spotlight Rob welcome back to the spotlight pleasure to be with you Dave it happy new year o happy new year to you too and here we are in 2017 and the beginning of the year we see the Dow approaching 20,000 points and we see gold is still hovering around 1100 and change and my first question to you is what is your opinion and what do you have on why gold has dropped to 1100 and there are those individuals out there saying that it's going to go down even further what is your take on where gold is where gold is heading in this new year well i would suggest anybody who wants to listen that the price of or the paper price of gold and silver both were attacked with with a lot of zeal on the back of the election of Donald J Trump on november eighth and if if you repent if you were paying attention on election night you would note that the initial reaction to trump being awarded the win was for the Dow Jones futures to initially sewer to the tune of 800 points and gold was up roughly seventy dollars in the minutes after Trump it became apparent that Trump had one and lo and behold the central planners that that are the plunge protection team and the edifice surrounding it in America showed up for work and the seventy dollar up and gold was turned around and you know made into a seventy dollar down and the 800 within 24 hours the 800 point down for the Dow was translated into a 3 or 4 100 point up the these were these were clearly clearly and utterly the work of central planners because we know for a fact that the volume of paper gold contracts that were sold in the three days following the election amounted to let's just say three times annual global mine production in gold sold in paper form in three short days beginning beginning late in the day on the 8th through to the Friday three years worth of global mine supply was sold in paper form and the gold market alone you see this this is the hallmark this is the signature of interference and a price oppression and what what the elitists who control our system currently are paranoid of is that we get a manic we get a manic take off in the price of metals because the proposed the physical the physical metals market does represent a challenge to this as you know the supremacy of the dollar as the world's primary reserve currency so Dave what we what we've seen over the last little while is a very very concerted attack on the paper price of precious metals because central planners do not want metals specifically silver and gold assume the rightful mantle as as money which they are by the way whether whether whether they're suppressed or not there they will always be the go-to and and the you know the true expression of desire for the world's population as money and isn't it interesting in light of this severe suppressive action being taken by monetary the monetary elites and it's and it's been more than just the straight paper markets that have been affected because they've also been trying to work over very hard the the organic demand for physical precious metal with actions that have been taken in India and let me just frame frame up the Indian situation a little bit here because the head of the Reserve Bank of India is it is a chap with last name regen and mr. Rajan is the vice-chairman of an institution called the bank for international settlements which is headquartered in Basel Switzerland and the the Bank for International Settlements is often referred to as the central bank for central banks in that global central bank policies are typically coordinated through the bank for international settlements and and and implemented from that point so the the attacks that we've been seeing on metals have been global in nature and not just limited to the to the paper markets in both New York and in London New York on the comex exchange and London on a London bullion market London bully Market Association LBMA what what the experiment that they've been working with or that they try to implement in in India was they effectively outlawed 500 and 1000 rupee notes which the old notes constituted something close to ninety percent of all currency and circulation in India and people should realize that the or would do well to realize that the gold market in India is a cash market and it's a physical market where people exchange bank notes for physical coins and or bars and or jewelry and bye-bye outline ninety percent of the float of fiat currency in the country I mean what they did is they created chaos but they they they were they were clearly trying to dampen demand and the trade for physical metal by outlying the old currency and when they outlawed the old currency they tried to give a back story that the old currency was readily exchangeable for new currency and the butt but the problem was they didn't have enough of the new currency printed and on hand to allow people to do 141 exchanges and and they they rationed the new currency so so what they in effect did was say to people you can bring your old currency to the bank and deposit it but then we will only allow you to extracted something like to the equivalent of sixty dollars a day and so this way they put they put a they put our basically they made or create an artificial scarcity of currency and in the country and what they were what they were trying to do was dampen demand or dampen the amount of take off of physical gold bullion and interestingly it would seem by most accounts that I've read that that was a complete and utter failure and if anything bull consumption is up in in India and and as a corollary to that story while these concerted attacks by officialdom have been occurring on paper metal and physical metal paper metal and in the case of the two exchanges mentioned formerly and on the physical side in in India we have seen a dramatic and I mean a very dramatic rise in the price of Bitcoin which is a cryptocurrency but which some people and an amp and in particular the Chinese see as a viable alternative to fiat money so isn't isn't it interesting that you can you can suppress so many things but suppressing and I find this very very interesting and very ironic at the same time because physical metal is being suppressed but yet because physical metal let's just say it this way Dave on an exchange the people buying and selling on an exchange in paper gold and silver they don't they can't tell the difference between a physical ounce and a paper routes because they all get sort of mixed into the same call it a slurry but you go to the crypto currencies like Bitcoin and you cannot sell a Bitcoin unless you own a Bitcoin there is no futures market for Bitcoin there is no optionality in Bitcoin if you want to buy a Bitcoin you need to you need to create an account and then you need to pay with fiat money and to sell a Bitcoin you must have a Bitcoin you cannot sell bitcoin you do not own and isn't it interesting that when something pops its head up with any kind of a possibility of being an alternative how it's priced takes off in a real market where where there is an interference where there isn't suppression and anyway I found this as a very very interesting thing because like our our global capital markets are a very complex place with a lot of moving parts at the same time but there are pictures that emerge from what is occurring if you have your wits about you and if you're if you're paying attention so in any way I don't I don't say this as an endorsement a Bitcoin I don't say it as an endorsement or rejection of anything all I'm saying is isn't it interesting that when you have a forum where we're basically free market conditions prevail isn't it interesting what happens in a free market the alternative alternatives can rise in price dramatically but in controlled markets it's not allowed that that is very interesting how when the central bankers they're not really touching it getting involved in it because we know the precious metals market from deutsche bank UBS and hsbc we know that you know they were manipulating it most likely goes all the way to the top of where the central banks are manipulating the precious metals market when they're not touching it when they're not controlling it it's amazing how it does take off but Dave yeah but David listen I am sorry I have to interject here because there's there's another point another big big point to be made here ok I mean the precious metal price suppression begins and ends with American banks why has not one American bank been named in this in this the precious metals rigging case that's a question you know and and I'd like someone to answer it somebody somebody from official them because you see precious metals are all about the US dollar and the the ringleader in precious metals price suppression is is the US Treasury itself and namely the exchange stabilization fund which is a secret of arm of the US Treasury that's engaged in everything and anything and operates above all laws and they use as their agents the broker for the exchange stabilization fund is the New York Federal Reserve trading desk and the New York Federal Reserve trading desk acting as broker for the exchange stabilization fund that disseminates their orders to the commercial banks the big derivatives houses in New York and anybody anybody who does not believe that JPMorgan is the biggest traitor in and precious metal on the planet it you know has their head somewhere where the Sun doesn't shine and and two and two or three of the other largest players in the world in the same hour Morgan Stanley Goldman Sachs a citibank a bank of america too for that matter and you know the notion the notion that other banks of other nationalities would be engaged in something that the american banks wouldn't be is a is a dog that just doesn't hunt yeah i mean i agree with you i believe that this goes throughout the american banks and all the way up to the central bank's i don't think this is just you know the hsbc it's not just deutsche bank i think it's much more widespread than when they're letting us know and what they found out at this point well it's a big thing is you know the question you have to ask is that i think in Latin they say kebo know who benefits who benefits from a suppressed metals price well the biggest the biggest beneficiaries of suppressed metals are the owners of the current world reserve currency which is America and the US dollar so anything that would be this vital to the American dollar and US national interests you don't think that there would be at a huge American bank front and center in all of this the proposition is ridiculous to begin with that anyone even would entertain having such a discussion now you mentioned India about how they were cashing Lee I mean banning the 500 and a thousand rupee we also see Greece right now they're doing what's called a soft cash man and we're seeing a lot of these countries do this where they're trying to I guess take away the idea of using cash and it looks like grease right now they're telling their taxpayers that you have to spend a certain amount only using plastic you know the debit card or whatever you cannot use cash and if you don't do what we say you're penalized and we're starting to see this spread throughout different countries do you think they're taking these countries and using them as test beds to see how the cash flow society will work well absolutely they are Dave and I mean they the what what they won't admit but what they are in fact doing is they are trying to trying to institute currency regimes or currency schemes where where every transaction can be tracked and and basically where where transactions in undesirable things can be can be either eliminated or curtailed and if you you see when you're doing business in cash bills your transactions are quite anonymous because you can exchange you know a water bills or you know maybe a gold coin or two or three and you know the government has no way of tracking where the gold is and who owns it but if they can if they can get everybody on to a digital platform where every transaction is catalogued and and you know can be basically assigned a number then they they know who has what and at what price they paid for and and this way they can you know they can control trade I mean that's that's what they want but this has always been a wet dream of the new world order or the globalists where they want to have a one world currency ideally it would be a digital currency and one which would allow them to track and catalog and surveil everything that everyone does period and this this is a dream of theirs and 222 which end or to what point they're going to be able to achieve this I would say I would say the jury is still out on all that so do you think their plans right now are kind of shaken up because of Trump being now elected as the president of the United States you think things are not going the way they want because we see Trump out there we see the stock market moving up and it's just amazing how at the end of Obama's presidency just their statistical numbers you know unemployment GDP I mean that all looks fantastic the stock market is approaching 20,000 points are they doing this as a last hurrah to say look look what I've done over the last eight years look at the economy it's incredible then they're going to hand it off to 0 to trump and you know whatever policies he puts into place and whatever they do they maybe they'll crash the economy at the time while he takes office they'll just blame everything on him well my my gut tells me it's not even my gut my eyes what my eyes are telling me because of what I'm reading and what I am seeing in front of me there has been an enormous attempt to d legitimate the victory of Trump and and the presidency of Trump before he ever get sworn into office you know we have seen this Illustrated through the claims that Russia was was responsible for a basically altering the vote to get him into office to begin with that's so that's a complete and utter slap in the face to to to his presidency the the other things that we've we've been made aware of like in the last week is record amounts of legislation for a lame duck president that Obama has been furiously signing legislation over the last few weeks effectively trying to create roadblocks for Trump and to protect and perpetuate his his his legacy and I mean this this is the the extent to which this is being done it's even been reported in in the dinosaur media who hate Trump as unprecedented so you know great great lengths have been taken to delegitimized Trump frankly I think I think Trump is in is in mortal danger still has not been he has not been you know sworn in and he has an inauguration date of the twentieth of January and I I frankly hope and pray that trumps alive to assume office on that date because I think there's there's absolutely a clear and present danger for him and what he stands for you see Trump is anti globalist Trump Trump is not frogger Trump is a free trader and when I say free trader I mean a real free trader not a managed trader not one of these not one of these people that supports these these trans continental treaties which they call trade agreements where we're signatories give up their sovereignty and Trump is very against that Trump is a is a nationalist and a populist and I think the world needs a whole lot more that right now but the globalist still run the show on this planet and they do view no dope they view Trump as a complete danger do you think Trump does have the ability to turn everything around or do you think the globalists are going to stop them at every turn I don't think the globalists will ever will ever give up but but i feel that Trump has the ability to if not if not the railer plans let's just say maybe set set them back 50 75 years yeah he's a complete and utter spanner in the gears of where the world was headed and would have been headed under the under the presidency of Hillary Clinton now last time we spoke we spoke about the petro dollar and we can see out in Syria we see out the middle eat in the in the Middle East with all these different countries where the US is losing in this area Russia and the Syrian government they're pushing the paid mercenaries that the United States government were using in Syria they're there they're not gaining ground anymore they're actually losing ground and the whole idea to you know prop up the petro dollar it's it looks like it's coming to an end do you see this as coming to an end do you think the petro dollar is at its end stage I think that the petrodollars days are limited I think I think the I think the US the US currency and America has had a huge huge run at the top of the heap and I do believe that there is a natural changing of changing of the guard that's going to unfold if if nothing more than the the the manner in which the world's reserve currency the dollar has been managed by this you know by the stewards the people in charge they've been they've been extremely reckless they've they've printed way too many dollars there are way too many dollar obligations in the world and for for people who for people who are of the opinion that you know there's too many dollars in the world or there's not a story there's not enough and there are people who believe that there are not enough dollars in the world and I mean they make the argument on the back of ya basically when new to like the dollar is a debt-based currency and and and dollars are created through the issuance of debt and when debt is issued not enough not enough new money is created to pay the interest on the on on the newly created money to actually allow for the repayment of principal plus interest and you know that that in in math in math terms that can create create big issues at some point when the amount of money in in existence it did it's it's interesting it because it's a sort of a mathematical formula where when you create money with interest you can have a growth rate of a very very very smooth very gently sloping up to the right a curve and then at some point depending on time and depending on cap rate where the amount of money in existence in flex and has to grow vertical and we're on that part of the curve now where the amount of money basically is growing vertically whether whether the Fed is acknowledging that they're printing or doing QE it to me is irrelevant because when looking at money supply you have to at least in my view you have to take into consideration that you can't look at one central bank like the Fed in isolation because the central banks are all connected through cross currency swap arrangements where where the Bank of Japan can do the printing and then they can swap their yen for dollars with the Fed and the European Central Bank has similar agreements with both the Bank of Japan and the Fed where the european central bank can create the money they can then swap swap their euros that they've created out of thin air four dollars so so notion that there is never enough dollars in existence because the Fed isn't directly printing them to me is a non-starter because other central banks have the ability to create effectively unlimited amounts of US dollars just as the Fed can and the other thing I would suggest to people you might want to pay attention to the notion that even in the mainstream we've heard in the last year that there have been record foreign sales of US government debt well you see when you have record foreign sales of US government debt that is not a vote of confidence in the dollar so you have to start asking yourself why has the doll or risen when when countries around the world are liquidating US dollar obligations and because there's something there that doesn't jive it's a red flag and if if the other thing we have to ask ourselves if if the Fed isn't isn't conducting and they are not officially conducting any quantitative easing or acid-binding programs who's buying all this debt that all the foreign countries around the world are liquidating because America's I mean America's biggest finance ears interestingly in historically China and and and Japan have been huge finance years of of American largesse but I find it absolutely monstrously incredibly interesting that the third largest holder of US government securities in in in a reserve account at think the number is 260 billion worth of US government securities is the bank of ireland and you know the ireland of the country has a has a gdp of like 240 billion so they've got more reserves than you know more than 100 percent of their gdp they hold in US dollar reserves in the reserve account and I mean Ireland's country is six million people and you know with a with you know like a I'm even saying look I'm in Canada and in Canada we have we have 36 million people and we have we have a two and a half trillion dollar economy and like we only have 80 billion dollars worth of us of us reserves like the bank of canada only has 80 80 billion in u.s. dollars in the reserve account well like why why and how does the bank of ireland have have that kind of dollar reserve you see and and i'm going to answer my own question or what I'm posing is I don't believe it's really the bank of ireland that owns all those securities i believe that the federal reserve has an account at the bank of ireland and they buy they buy the securities in the name of or with the cover of the bank of ireland but they have an account there and this this is the way this is the way they can can can do QE via stealth without declaring it and I mean and then you'd say well hey that wouldn't that be illegal and then I'd say you well don't forget the Federal Reserve is not federal no more federal than Federal Express and and I think I think most of the listeners would be a tune with that and know that the Federal Reserve is no more federal than federal express their just a company and there is a law on the books in America was passed in nineteen thirty-four and it allows the designates of the president in the United States in the name of national security to allow companies not to report their true financial condition and in fact keep what amounts to two sets of books so these laws are on the books in America and there's absolutely no doubt in my mind whatsoever that these you know these things have not been in play in the last six or eight years since 2008 yeah absolutely they've been in play so and then and then then it really becomes a question of how much have they been in play and who has been issued the passes and who is it who hasn't had to report the true financial condition at certain times and I could think of probably three four or five names in the American financial universe that have probably been granted a waiver where they haven't had to report their true financial condition because it only makes sense I guess there's no other there's no other way Dave you see when you put if you've got a ten-piece puzzle and you put it on the table there's only so many way so many ways ten pieces can fit together and you know when you arrange them into a yeah and here's the other thing you put enough pieces of the puzzle together Dave and you know what the picture is even though you haven't snapped the last few pieces in and I'll just tell you something we're not living in Kansas anymore and our our global financial edifice is in a very precarious position right now and at all and that all blows back to why I've been long been an advocate of owning physical precious metal not paper and and and I'm and I would be an advocate of owning physical precious metal over any cryptocurrency as well because I do believe in the case of cryptocurrencies I do believe that there's a thing called an internet kill switch and if you have your wealth all tied up in in a in a in something crypto you know the if the internet goes dark where are you so anyway it just it just takes me back to the notion that you've got it you've got it own for financial insurance purposes and and to protect yourself you need physical precious metal so there you go Rob looking forward into 2017 do you believe that the central bank they will actually bring the economy down under under Trump if he is in office how do you think this is all going to play out um I wouldn't I wouldn't put it past the the elites the globalists and and and the globalist the globalists are basically a banking syndicate and if if they get their feathers ruffled enough yeah I can see them creating creating economic misery for everybody in hopes in in hopes that people will demand Trump be removed and this this may be what what they have in store for for mr. Trump so it'll it's going to be very interesting to see how this plays out I think there are some wild cards still in that they have to be a little bit careful into in terms of how how much they would allow the economy to to tank because when when when things get get real nasty things like revolution and like nobody's safe nobody benefits from a world in chaos complete chaos and the globalists have always wanted to have the upper hand and have control and so so they might be well advised to be careful if they have it in mind to bring the US economy down to its knees just you know they might get a little more than they wished for but I think we're I think we're in for a very very very tumultuous and we're living in interesting times that's for sure but very interesting year I think in the offing Rob I really appreciate you being on the x20 can report spotlight thank you very much once again how can people see your work you can find me on the web at Kirby analytics com alright thank you very much and happy new year once again my pleasure do you [Music] [Music]