The price of gold (and silver) is presently falling. This
was
previously
predicted
as far back as the middle of February. Precious metals prices
will almost certainly continue to fall, soon accompanied by a general crash in
our markets and economies. The need (for the banking crime syndicate) to
depress precious metals markets is to create the illusion that these metals are
not safe havens, when panicked people
are looking for somewhere to place the remnants of their wealth.
However, in order to create a veneer of legitimacy in these
serially rigged markets, it’s necessary to fabricate a pretext for the decline
in precious metals prices. This is coming from the mouths of the same
talking-heads who only a few months earlier were crowing about
“a
new and very long bull market”
for gold. It is in this light that we can
view the latest propaganda nonsense from the Corporate media: the
“India gold
ban”
.
Regular readers have already seen this theater previously.
Three years ago; India’s previous government began radically curbing gold
imports, culminating in a near-total ban in gold imports to the world’s
greatest gold-lovers, and second-largest population. As was
explained
at the time
, the ban on gold was for no reason in terms of economic
fundamentals.
What was actually happening at that time is that the
One Bank
was blackmailing that government to do something about the
extremely strong gold demand, and larger-than-normal gold imports which were
flowing into India. So the Big Banks did what these
convicted
currency-manipulators
do every time they want to punish any particular
nation, they manipulated India’s currency – lower. These convicted
currency-manipulators continued pushing the rupee lower and lower until the
gold ban was initiated by India’s government. At that point, the downward
plunge in the rupee instantly and magically disappeared.
The ban didn’t work. It didn’t work (from the perspective of
the One Bank) for several reasons. The ban on official gold imports simply
inspired Indians to reopen centuries-old gold smuggling routes. Those smuggling
routes had only been previously closed, voluntarily, after India’s government
liberalized its gold market when it abolished the Gold Control Act in 1990.
The 2013 gold ban also failed because the moderate
restriction of inflows of gold into India motived the Indian people to buy much
larger quantities of silver, shattering previous import records for that metal.
Finally, in banning the
official
importing of gold – and provoking gold smuggling – this meant that a
blackmarket for gold arose in India, the automatic partner of any large-scale
smuggling.
What accompanies blackmarkets? A blackmarket
price for gold
: a real-world price for gold where there would be no direct
means for the banking crime syndicate to manipulate that price. It was for all
these reasons that the One Bank relented on its previous blackmailing of
India’s government, and allowed that nation to resume normal importing of gold.
Flash ahead to 2016; and some things are now different.
There is a new regime in India, an extremely corrupt government which does not
require blackmailing by the One Bank because the bankers already own this
regime. This was previously demonstrated when this puppet government announced
its “gold deposit scheme” (scam). It was such a laughably transparent attempt
to
steal
the gold
from the Indian people that it failed miserably.
While the corrupt Modi regime has denied
it has plans to block imports, this denial comes despite weeks of persistent
rumors that the government intends to
“impose
curbs”
on India’s gold market. Based on these fears, premiums to buy gold
in India jumped to a two-year high.
Again, as before, there is no reason for this attack on
India’s gold imports. The official propaganda is that (ironically) this suppression
of the gold market is aimed at reducing the amount of
“black
money”
circulating in India’s economy. This propaganda is nonsensical for
two reasons. First, we live in a world where the Big Banks are allowed to
launder
$trillions in dirty money
for the drug cartels, and for supposed “terrorist
entities”.
The banking crime syndicate is never punished for this
serial money-laundering, despite the U.S.’s supposed “War on Terror” and “War
on Drugs”. Yet here we have India’s (corrupt) government announcing
increasingly draconian measures aimed at alleged money-laundering activities
which only amount to
$millions each
year.
The second absurdity here was already noted. Any serious
restriction of legitimate gold imports into India will instantly and
automatically result in systemic gold-smuggling. That gold-smuggling will
result in the blackmarket which inevitably accompanies smuggling. You can’t
reduce the amount of “black money” in India’s economy by
creating a blackmarket.
The final absurdity here is the increasingly hysterical
hype
emanating from the mainstream media in the West, to accompany this new
(and doomed to fail) attack on India’s gold market:
Potential gold-import ban
by India could be biggest bombshell since Nixon
This propaganda is both laughable and nonsensical. It’s nonsensical
to suggest that ta (potential)
second
ban on India’s gold imports would be the “biggest bombshell” in the gold market
in nearly half a century, when we already saw a ban on India’s gold imports
three years ago – and the first ban failed. It’s laughable for the same reason:
we already know that (at worst) this will be nothing more than a
small-and-temporary deterrent to overall gold demand.
The fact that the mainstream media in the West have jumped
all over the rumors coming from India is further proof that the propaganda
machine is back to full-manipulation mode, and all talk of the
Fake
Rally
has been abandoned. If these two-faced mouthpieces were even neutral
toward the gold market, we could not possibly be seeing such bearishly
one-sided and inaccurate propaganda about events in India.
While this current push in India will have no long-term
effect on the gold market, the potential for a short-term disruption of imports
into that nation is acknowledged. In this respect the timing of the latest
announcement from the One Bank’s puppets in India is interesting.
What will happen when
the One Bank crashes our markets and economies, and slams precious metals
prices even lower to accompany this? Demand for gold and silver will explode
higher throughout the Rest of the World, with populations which have not been
brainwashed into forgetting the eternal wealth-protection provided by gold and
silver. In this respect, the rumored attack by the Modi regime on India’s gold
market can be seen as a closely-choreographed, preemptive move.
We know the general crash in our markets and economies is
coming, but we don’t know when. Now we have an apparent move aimed at
manipulating gold market demand in the world’s largest gold market which
can/will only have a short-term impact on precious metals markets. This appears
to be a strong indicator that the Next Crash is coming very soon.
Regular readers will recall that this Crash was originally
pegged
to occur in the middle of this year, pre-U.S. election, to follow
the pattern of crashes in previous bubble-and-crash cycles. With the Next Crash
now about to occur immediately
after
a new puppet regime has been elected/appointed in the United States, this suggests
that an exogenous “cause” for this Crash will be fabricated by the banking
crime syndicate. This will be done in order to prevent their new puppets from
being fingered as the scapegoats for this Crash.
As has been previously
suggested
, the most likely exogenous event to be manufactured as camouflage
for a Crash is, as always, a new war, or perhaps some “terrorist” false-flag
event. We are left with the following, implied chain of events. India’s
government is apparently in the process of creating a temporary bottleneck in
Indian gold demand. This implies that the Next Crash is nigh. In turn, this
implies that the Next
War is just around
the corner.
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Jeff Nielson is co-founder and managing partner of Bullion Bulls Canada; a website which provides precious metals commentary, economic analysis, and mining information to readers and investors. Jeff originally came to the precious metals sector as an investor around the middle of last decade, but with a background in economics and law, he soon decided this was where he wanted to make the focus of his career. His website is www.bullionbullscanada.com.
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The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
