Is it coincidence or a calculated move that just five days before the Shanghai Gold Exchange (SGE) is to implement their new gold pricing mechanism, Deutsche Bank is coming clean to regulators regarding their manipulation of prices in the gold and silver markets?
That is the nuclear question because the ramifications of this could quickly lead to China usurping price discovery much quicker than their planned arbitrage process outlined earlier this week by Dr. Jim Willie, and Rogue Money's own Bankster Slayer.
On April 13, Deutsche Bank announced that they were copping to long-standing allegations that they had helped manipulate silver prices while on the board of the London Metals Fix. And just a few minutes ago on April 14, they issued a new statement admitting that their price manipulations also included gold.
Yet what makes this much more incredible is that Deutsche Bank has also agreed to reveal the names of other banks, presumably those who also sit or have sat on the London Silver and Gold Fix committee, who have also aided in the manipulation of precious metals to protect the dollar and compliment the central banks who desperately need metal prices to remain depressed to counter their QE, ZIRP, and NIRP policies.
And yet we must go back to the the underlying questions of who, why, and why now did Deutsche Bank choose to reveal their fraud and criminal activity, especially since regulators like the Comex have been protecting their schemes publicly for years? Perhaps the answer lies in the one entity that stands to gain the most from this, and who just happened to be invited last June to become a member of the London Gold Fix committee.
It has been long rumored that China now has a stake in the Federal Reserve through their interactions with J.P. Morgan Chase. And as we know, the Fed is a private institution run by its shareholder banks, with many of those banks being foreign entities having the power to dictate U.S. monetary policy.
The gambit for domination over the global monetary system has been in full swing for at least the past three years, with China not only creating their own infrastructures to compete with, and supplant Western ones, but they have also been using the West's own tools against them... as in using Treasury Reserves to buy land, commercial property, and businesses, and in their invitation to be a part of the London Gold Fix. And it is very likely that Deutsche Bank's mia culpa this week was not done of their own accord, or at the behest of the ECB, Comex, or the Fed, but at the command of China who is laying the ground work for their new gold price discovery with a nuclear shot across the financial bow.