Do you detect a hint of irony over the fact that this past week has witnessed one of the worst smash downs in the Gold and Silver spot prices during the period when Chinese markets were closed in observance of a national holiday ... a holiday known as GOLDEN WEEK? Now isn't that just too funny?
Jim Willie was guest of Will Lehr of PerpetualAssets.com earlier this week. He offered insights on what may have gone on to cause the Great Gold Slam of October 2016. Never fear, Shanghai will likely come roaring back next week with a response. Fast forward to the 31-minute marker of this Youtube video. I will paraphrase his thoughts below:
Jim: China has offered $100 Billion to Deutsche Bank to acquire their vast gold derivatives contract book.
The word on the street is that there is more gold in that book than in the entire COMEX. Deutsche is interested in this offer. But City of London and Wall Street officials are forcing DB to dump that book before the Chinese get their hands on it, even at a loss. COL and Wall Street don't care if DB takes a loss on that dump. They just want those contracts sold off so that the Chinese don't get it.
COL and Wall Street don't want that book to get under Chinese control because the counter-party of those gold derivatives is the US Treasury's Exchange Stabilization Fund.
Will: Whoa! And there's your mushroom cloud.
Jim: Suppose China now comes back on Monday with an order to DB to cease and desist all gold book sales. We might have a situation where a giant block of Long positions is held by China via the DB office with the opposite party on that trade being the US government....
The Chinese could use that book to take physical delivery of gold. This could be the arena through which China finally converts their Treasurys to Gold, using Deutsche Bank as a tool.
I don't think China is happy that a bunch of gold contracts were dumped yesterday. There's some "bad faith" going on here because China has an offer pending on those contracts. And wherever there is "bad faith," there you find the US government. They are looting the country.
China likely will not give up on this Deutsche Bank issue. The Chinese are not interested in the Interest Rate Swap derivatives; they are interested in the gold derivatives because they can control the dumping of the US Dollar through that vehicle. And they can use that as the ultimate "force majeure" over the COMEX.
Therefore, even though China celebrated this past week with fireworks, the real fireworks may be yet to come.
SPEAKING OF LOOTING THE COUNTRY
Another interview given this past week was Catherine Austin Fitts of Solari.com hosted by Greg Hunter of USAWatchdog.com. Ms. Fitts brought to our attention YET ANOTHER LOOTING OF THE USA from within the Department of Defense to the tune of $9.3 Trillion. Those of us who have followed the hidden threads of 9/11 Truth heard alarm bells clanging loud and clear at that revelation.
An article that I have written as part of the now-published Rogue Report lays out points that Dr. Joseph P. Farrell. This is the admission made by none other than Donald Rumsfeld only one day before the September 11th tragedy -- namely, that $2.3 Trillion had gone missing at the Pentagon. And wouldn't you know it, but all the evidence of that theft is lost in the rubble of the WTC and -- oh what a coinky dink -- within the rubble of the office of Naval Intelligence, the only office touched on 9/11 at the Pentagon.
Here are paraphrased comments by Ms. Fitts that you can hear yourself near the beginning of this Youtube video:
CAF: The DoD Inspector General just published the results for fiscal year ended Sept. 2015. Including "adjustments," the Department of Defense is showing that $9,300,000,000,000 has gone missing last year. This is the biggest amount that has gone missing since the Financial Coup d'etat [that began in 1997]. This is the "cut and run." One of the things that we've been demanding with all this money missing from the federal government is that we be told which banks and contractors are responsible, who is in violation of the Constitution, who is in violation of the laws related to financial management. Lockheed-Martin is the company that has most responsibility.
Well, guess what? A month before the DoD announced that they were missing $9.3 trillion, Lockheed-Martin finished spinning out its IT division into a new, smaller company. So they are cutting-and-running. They are getting the liabilities off their balance sheet.
Greg: "This is what happens at the end of empires, right? The treasury is looted."
CAF: "As I've described many times, the Financial Coup d'etat has used securities fraud -- both mortgage securities and government securities -- to basically shift all the assets out. The Fed is accommodating the fraud. The money is being pulled out in a variety of ways. This $9.3 Trillion is just one of the ways."
Elsewhere in the interview, Ms. Fitts mentions that the total amount that has gone "missing" within the DoD during the last 18 years or so amounts to about $50,000,000,000,000. That figure must be on Jamie Dimon's mind. Today, he made a statement to the effect that there is $50 Trillion just lying around somewhere.
In conclusion, all eyes should be focused now on China and, as usual, on Putin and Russia, as we await the next chess move in this game being played by madmen who feel entitled to hold the fate of planet Earth in their hands, not yours.