King World News Drops Another Bombshell In What Could Be the Largest Fraud In History

If you are going to keep pushing gold on DailyPaul like a pimp, you need to disclose that you have large gold holdings, or if your business is in the gold trade. I've learned by the frequency and tone of a number of posters here that they are deeply linked to gold (and other precious metals). Full disclosure is a must because "you" are attempting to manipulate others into buying and selling.

Gresham's law is commonly stated: "Bad money drives out good", but more accurately stated: "Bad money drives out good under legal tender laws"
Spend your money!
Give it to the poor in exchange for goods and services.
Poor people spend money which eventually returns to you in exchange for your labor.
Rich people bury their talents, hang gold around their necks or worse yet, instead of spending money they lend it to enslave others.
grant

throughout history.. All manipulations have ended,
and ended VERY BADLY for the manipulators. That is a fact.

Let me first say, Comex is a fraud, Yes the Usual Suspects (Goldman, J.P Morgan) are short huge Gold and Silver contracts) Yes PM markets are manipulated.

However, I have been to the vault at Bank of Nova Scotia in Toronto as little as a months ago. It is far from empty. They had to expand the vault and are expanding it again. The floors are piled with skids of silver. The walls are full of cabinets full of gold bullion. The Central Fund of Canada does not keep their metal at Scotia. It is held with CIBC. Having said this I would not buy Bank Certs or any other form of paper proxy. The difference between allocated and unallocated gold is crucial to understanding how this proxies and bullion banks operate.

I thought I'd post an acknowledgment thanking Jeff and Sierra/Rebel for their improved bantering fun and games. By remaining entertaining they are helping to bring consideration to a topic requiring urgent, but never breathless, attention.

http://www.dailypaul.com/node/130418#comment-1399290

This comment of Jeff's deserves to be underscored.
" ... we need everyone we can get ... [yet] ... the intelligent people that are on this board, don't need you, me, or anyone else to make their decisions for them."

So ...

http://www.dailypaul.com/node/85300

Let's each bring our best game.

;-)

Look at the date on this article: http://findarticles.com/p/articles/mi_m1571/is_2004_March_29...

Jim,

The following is from a diligent client of mine who went to the Toronto seminar hosted by you in February.

Regards,
CIGA JB Slear

JB,

I was able to go to Toronto this past Thursday to attend a presentation by Mr. Sinclair to address what is currently going on in the world, including finances of course, which is his specialty. I regard him as one of the premier authorities on gold and currencies in the world, and as such value his opinion highly. I took copious amounts of notes, and tried, to the best of my ability to record precisely what he said and what he meant and pass them along to you all to make what you will of them, and to take whatever action you feel appropriate in your personal situation. After hearing him live, there is no question that what you read on the website is exactly what he thinks and sees going on. 50 years of experience in the investment world, at all levels does count for something. You decide what. The notes are in the order things were presented, including an hour and a half question and answer where Jim fielded all questions from the folks that were there. Some themes are repeated for emphasis. I recorded them as they came.

1. Get a copy, if possible, of the BBC movie, "The Last Days of Lehman Brothers" it is exactly what occurred. They were flushed and allowed to go down. Those that did so made billions.

2. The same people that sold Greece the products to hide the true condition of their finances ratted them out and are hugely short of Greek debt at this time.

3. The more these people win at what they do, the more powerful they become.

4. The failure of Lehman set off the bankruptcy(s) that allowed government money (your money) to flow to large institutions, who were the winners on the bet.

5. The next phase of problems will come about because of a loss of confidence in currencies themselves.

6. Regulators are totally ineffectual in dealing with what is occurring.

7. If we have a failure of Greek debt it will be catastrophic and you and I will pay. If Greece does not fail, we will have money printing (quantitative easing is the buzz word) to infinity.

8. China is actively seeking control of the resources of the world, all JSMineset speculation on this has far exceeded what was postulated.

9. With the incredible bonuses being paid to Wall Street executives, you have to know it is there last lick of the cone. They know profits are not real.

10. To balance the US balance sheet, gold would have to go to insane numbers. The mechanism is in place to drive gold to incredible numbers.

11. Credit default swaps are being used as the hammer to destroy nations. They are doing this by shorting sovereign debt, then using the media to bring about the profit of their position (ie calling nations PIIGS – this isn’t flattering and does not inspire confidence, causing people to stay away). The players doing this have no conscience, are oblivious to the side effects, are power crazed, and believe they are gods. Sovereign debt is the next bomb to implode.

12. The only currency that will sustain what is coming is gold.

13. We are headed for a one world currency with a central bank of central banks. The world is going to change dramatically in possibly as little as two months.

14. The individual states in the US, which are bankrupt in many cases, will be attacked next. Big money is already hugely short of state debt. Ultimately this will take down the US dollar as well.

15. A one world government is coming.

16. Hyperinflation is a loss of confidence in paper currency.

17. Gold is money without liability on the other side. It stands alone. Make your balance sheet as good as it can be.

18. If Greece goes (is flushed and not bailed out), then the whole world changes, perhaps overnight. Look for 200 dollar swings in the gold price. Because the "dark side" (those who are in control of this) are smarter than you are, add to your positions in gold on reactions. Gold is an insurance policy.

19. China will rule the world. Friends of China will benefit from that. China’s interest in Africa and its treasure chest of mineral wealth isn’t an accident.

20. Yuan denominated paper, if one can get it, might be a place to be with some of your investment portfolio.

21. Equity markets may in fact go up due to a Weimar effect. All that money created from nothing finds its way into the stock markets of the world.

22. He stressed simplicity in your personal life. Be focused, balanced, and go back to basics. This is not a time to get fancy.

23. There will be no end to naked shorting by the players. The real game is destroying nations, countries (think Dubai, Iceland…)

24. He feels the flushing is in fact deliberate. If Greece does in fact go down, it will definitely be deliberate.

25. Gold’s window is still open here because those that know what is coming are still accumulating. Expect it to be closed by year end. That means if you don’t have any, don’t expect to be able to get any.

26. Hold any stocks you happen to own in certificate form in your hand, and don’t lose the certificate. If you are a stock player, check out true custodial accounts. Make certain that your holdings are in fact yours and NOT on the books of the bank.

27. A question was asked: If I had a million Canadian dollars to invest right now, where might I put that? The answer was 1/3 into gold bullion, held close, 1/3 in both Canadian Tbills and Swiss Franc’s, and the remaining 1/3 into what you do best.

28. Major financial houses today are acting like countries. Greece does not control its destiny, it is in the hands of those houses which become stronger with each situation they take down.

29. Expect mining company consolidations to greatly accelerate.

30. The Canadian dollar is very much a wild card. It may rise nicely, because it and Canada generally have remained conservative as opposed to other far more leveraged approaches. Canada is currently sitting in the cat bird seat, and it’s not really helping Canada because of our export based economy.

31. The number to watch on the Euro is 1.29 against the US dollar. Should it go lower, the Euro is in serious trouble.

32. The US has no strength for geopolitical disruptions at this time. It’s a house of cards that could come down at any time.

33. Keep it simple! Back to basics.!

34. The Asian and the Polish crisis were precursors to taking down the Euro. If the Euro is torched, the pound and dollar are next. As a side note, Jim Rogers feels the British pound is months or possibly weeks away from being heavily attacked once again. This is my comment, not Jim Sinclair’s. Look for the pattern here.

35. Money (the wealth of the world) has been concentrated into a very few hands. They are currently only interested in tearing down. There is no interest in creating, only destroying. China is building up. Algorithms (computer modeling and trading) are being used to destroy.

36. Gold stocks should leverage 2 to 5 times a bullion position.

Greetings Jim!