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An Important Discussion with Andrew Maguire

This is a MUST LISTEN, FREE podcast.

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This is a free, public thread and I strongly urge everyone interested in the precious metals to have a listen.

A few weeks ago, you may have seen the story of a British member of Parliament reading into the official record a lengthy synopsis of precious metal price manipulation, the sordid involvement of the bullion banks and the risks these banks pose to the global financial system. If you missed the headlines at the time, here's a recap from Chris Powell at GATA as well as the official transcript from the Parliament's website:

As it turns out, our old pal Andrew had a hand in assisting the Honorable Mr. Lefroy in this project. So Andy's here today to discuss his role in this process, what steps are coming next and what he hopes this new level of official notoriety might accomplish.

Many thanks to Andy for his time today and for his ongoing efforts in the fight to create a fair and just pricing system for the precious metals.

TF

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dangerkitty
Jul 27, 2019 - 6:35pm

Thank you!

Thank you Craig, this was a very interesting Thursday chat with Andrew. I have listened a half dozen times, like what I heard. Officially on the books at the House of Commons, Andrew being called back yet again to testify, educating elected officials, bringing to light with his first hand expertise the fraud in the precious metals markets.

Probably won't see results overnight, but Andrew sure has the conviction to see it through. I get the sense that we'll all be smiling in the future.

RickshawETFByzantium
Jul 27, 2019 - 5:35pm

Russia

@Byzantium

Agreed! It would be suicidal . . .

Russia has 8 Delta IV Class boomers. Each carries 16 missiles with 4 nuclear warheads apiece. Each warhead is independently controlled, and can hit its target within an accuracy of 1500 meters. It can launch from 180 feet below the surface, while traveling at 6-7 knots, and can launch all sixteen missiles at once!

I commented to my wife that I wouldn't want to be on that sub if they launched all sixteen missiles at once. Her reply? "If they launch all sixteen missiles, that submarine crew might be some of the very few survivors on the planet . . ."

DeaconBenjamin
Jul 27, 2019 - 10:16am

China: Update: Fall Armyworm Now in 15 of China’s Provinces

May 30, 2019

The Fall Armyworm (FAW; Spodoptera frugiperda) – a crop-eating pest – first detected in China in January 2019 has now spread across 15 Chinese provinces and currently impacts about 90,000 hectares (1.35 million mu) of grain production. Officially, Chinese authorities have employed an emergency action plan to monitor and respond to the pest. FAW has no natural predators in China and its presence may result in lower production and crop quality of corn, rice, wheat, sorghum, sugarcane, cotton, soybean and peanuts among other cash crops. Experts report that there is a high probability that the pest will continue to spread across China, reaching the Northeast China corn belt by June 2019. China is the world’s second largest producer of corn.

https://www.fas.usda.gov/data/china-update-fall-armyworm-now-15-china-s-...

First the african swine flu and now this. I can only hope this is not governmental action.

DeaconBenjamin
Jul 27, 2019 - 10:12am

Navy Day in Russia

The Russians lost 20 million people in World War II. Hell, they lost 750,000 in one battle !!! (The battle of Leningrad)

Actually I think they lost more than that in the Kiev pocket.

ByzantiumRickshawETF
Jul 27, 2019 - 6:28am

@RickshawETF

Russia is safe from conventional attack.

That's why so much has been invested by the MIC into biological warfare and assymetric means of warfare (and of course, sanctions and political isolation).

We all have to fear ticks now, because the US government biological research lab on Plum Island, near the town of Lyme (interesting that the disease name is specifically linked to this place), is said to be behind this seemingly new disease. God knows what else they have been concocting. Ebola is also rumoured to have been created in a lab, and tested on poor Africans.

Byzantium
Jul 27, 2019 - 6:19am

Kudos to Andy Maguire

I don't often post these days, but this blog post was so important, I just logged in to tip my hat.

Andy, if you should read this, remember, any Parliamentary committee won't care about banking corruption, unless they can connect it to the national interest, and specifically, avoiding a situation where once again, the government is seen to have been negligent or incompetent if the SHTF, especially if a bailout is needed. They could care less about gold & silver manipulation and the effect on investors, and the dry mechanics of how it is done. They just care about consequences to the taxpayer, to government, and specifically, if the UK has exposure, then specifically WHO is putting the UK in harm's way.

Good luck to you in the meetings! The BoE (who are in no way patriotic to the UK) will do everything they can behind the scenes, to block this investigation from gaining traction, so it might be worth also mentioning that by the same means, the banks can manipulate food and energy prices, not for the common good, but to fleece the rest of us. As consumers, we ALL pay, so that the banks (who produce nothing) can sit in gleaming towers and through manipulation can earn money in one year, that the rest of us have to work a lifetime for, including parliamentarians. Everything we buy, includes in one way or another, a cut for the banks, just because.

J Siefert
Jul 27, 2019 - 4:44am

No-Deal Brexit and Germany

Many say that a no-deal Brexit will cause massive economic disadvantages to Britain. IMO including some other voices out there possibly the greatest loser will be Germany. Britain is a large buyer of German products and Britain is also a large net contributor to the EU's budget. Germany's economy is already in tatters. With a no-deal Brexit I think Germany and Britain will be looking to improving economic relations to Russia .... and to hell with Washington's sanctions.

RickshawETF
Jul 26, 2019 - 8:08pm

Greetings From Kamchatka!

Today is Navy Day in Russia, and here in Petropavlovsk - Kamchatka the festivities are under way (it's Saturday here). What a better place for the Russians to put on display, in the harbor, than two of their Navy's finest (PPK is the HQ of the Russian Pacific Fleet) -- a nuclear attack submarine, (a Delta IV) and a smaller submarine, a Sierra II. My wife remarked how large the Delta IV was, but also how tiny the tail of the boat appeared to be. My remark was that it's not the tail you need to worry about, but the "business end" at the front. And John Bolton wants to poke this bear . . . ?

The Russians lost 20 million people in World War II. Hell, they lost 750,000 in one battle !!! (The battle of Leningrad) Even the grizzled old men down by the docks (where our ship was moored), who were certainly in their 50's or 60's, you'd best not mess with. These people are survivors.

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happycamper515
Jul 26, 2019 - 4:24pm

COT

It looks ominous

SteveW
Jul 26, 2019 - 4:13pm

Sprott symposium in Vancouver.

Vancouver is particularly beautiful right now with temperatures around the mid 70's. I won't be there as I also will be on vacation.

Whereas Aug CDG is around $1,417 the next front month of Dec gold is currently around $1,429. So will we get an automatic gain next week?

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