How India Evaded The One Bank’s Gold-Embargo

By now; regular readers are familiar with another one of the One Bank’s “Wile E. Coyote” operations in the gold market: it’s brute-force ‘attack’ on the gold market of India – the world’s largest (real) gold market. This attack was necessitated when yet another one of the One Bank’s mega-crimes (its first “bail-in”) produced a series of unexpected consequences, for which the banksters were clearly not prepared.

With the Cyprus “bail-in” advertising the fact that (corrupt) Western governments were now prepared to simply confiscate any paper assets (and hand those assets to the criminal Big Banks of the West); this caused a massive stampede out of one of the most-fraudulent forms of paper assets: the One Bank’s own, paper-called-gold “products”.

We know that this exodus out of the Big Bank’s paper-frauds in the gold market was an unintended consequence, as reports of the beginning of this stampede were quickly accompanied by other reports that these tentacles of the One Bank were frantically soaking-up billions of dollars of units in their own, fraudulent, paper-called-gold “bullion-ETF’s”. Rule #1 of any self-respecting Con Artist is that one never “invests” in their own scams. You can’t cheat others when most of the money in the “con” is your own.

Yet, at least at one point, the banksters had soaked-up so much of this fraudulent paper-called-gold, that their holdings exceeded (by dollar value) their own gigantic, illegal, short positions. This prompted the serial-liars of the Corporate media to proclaim that the banksters were now “net long” in the gold market, an absurdity which (sadly) was widely parroted throughout the gold sector, even though the banksters had been buying almost nothing but paper.

Even with the massive (and frantic) buying by the Big Banks of their own, fraudulent “bullion-ETF’s”; total holdings in the largest of those fraud-funds (GLD) fell by more than 40%. If not for the desperation-buying by these tentacles; those gigantic frauds would have completely collapsed. But that was only one of the unintended consequences of the Cyprus Steal.

As knowledgeable readers know (thanks to Jeffrey Christian); the fraudulent “gold market” operated by these Big Banks is only 1% “gold” and 99% paper-called-gold (i.e. paper). Thus the stampede out of that fraudulent paper caused roughly a 30% drop in the already-depressed price of gold. This was nothing less than a “dinner chime” for Pavlov’s Dogs.

Global gold demand exploded to a never-before-seen level, led by imports from the world’s two largest populations: China and India. At one point, those two nations alone were importing gold at an annual rate of approximately 4,000 tonnes per year. This is roughly double the total annual supply from global gold mining (once China’s own domestic production is subtracted).

We know that this was also an unintended/unexpected consequence of the Cyprus Steal, because the One Bank was immediately forced into a desperate, heavy-handed attack on global gold demand. With China being largely immune from the attacks of the banksters (because of its massive war-chest of U.S. dollar holdings), they focused their malice on India.

These serial currency-manipulators immediately launched a savage attack on India’s currency, the rupee – expecting that the subsequent rise in the price of gold (expressed in depreciating rupees) would curb Indian gold-demand on its own. When that attack actually caused India’s gold imports to rise further (as frightened Indians rid themselves of their plunging, paper rupees); the One Bank was forced into even more absurd/draconian measures.