(Activist Post)—While central bank trading is a primary determinant of the price of gold and other currencies, gold market analysis seldom makes any reference to the broker that provides much camouflage for central bank gold trading: the Bank for International Settlements (BIS).
Of course over many years the Gold Anti-Trust Action Committee (GATA) has amassed much documentation of BIS interventions in the gold market. Among our favorites are a BIS PowerPoint presentation, made at a BIS conference for prospective BIS members , actually advertising that the bank’s services to members include gold market interventions…
…and a speech by a leading BIS official declaring that to “influence” the price of certain assets, “especially gold and foreign exchange,” is a big objective of central bank cooperation through the BIS:
Robert Lambourne, who – apparently alone among financial analysts outside central banking – calculates and reports the monthly changes in the bank’s gold swap positions, called attention to another confirmation of the bank’s major but largely surreptitious role in rigging the gold and currency markets. It is a pamphlet in which the bank profiles itself. The pamphlet is posted at the BIS’ internet site here.
On Page 3, under the heading “Banking Services,” the BIS says:
“We offer financial services exclusively to central banks, monetary authorities, and international organisations, mainly to assist them in the management of their foreign exchange assets. As an institution owned and governed by central banks, we are well placed to understand the needs of reserve managers – their primary focus on safety and liquidity, as well as the evolving need to diversify their exposures and obtain a competitive return.
“To meet those needs, we provide credit, gold and foreign exchange intermediation, and asset management services, while administering our own capital. An integrated risk management function ensures that financial and operational risks are properly measured and controlled.”
But this measuring and controlling are done in secret, the better to deceive and cheat the markets that are being measured and controlled. This measuring and controlling, the BIS suggests, are actually for the benefit of those who are deceived and cheated, particularly those using gold to try to protect themselves against rampant inflation, which has become the main product of modern central banking.
How good central banks are, determining the value of all capital, labor, goods, and services in the world so that mere free markets needn’t bother!
Gold market analysis that doesn’t incorporate the work of the BIS is largely a waste of time – that is, nearly all gold market analysis.
Source: Money Metals
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
