The Chinese just bought the London Metals Exchange. This is a significant shift of power away from the West to Asia. It allows the Chinese for the first time to set benchmark prices for commodities of which they have become the world’s largest consumer. Bidding was to be closed on Wednesday but had to continue until Friday so China could increase their bids. The Chinese just recently bought the AMC movie chain so Hollywood can no longer make any film which the government of China disapproves. Power is shifting away from the West.
The Hong Kong Exchange which is partially owned by the Chinese government won the bid by offering £107.6 per share for a stock that traded on the market a year ago for less than £5. The decision to de-industrialize the United States and Europe was made long ago by the global elite. In 1994 the North American Free Trade Agreement and the subsequent devaluation of the yuan which was pegged to the dollar has resulted in the loss of 12 million jobs and 50,000 manufacturing plants. I believe the global elite (i.e. the New York and London bankers) want America to fight and to lose World War III. All of this was by design so the global elite could immunize themselves from a democratic backlash by destroying the nations that believed in democracy.
This policy of betrayal has continued to this present day. Under Obama Trans-Pacific Partnership will allow transnational corporations to skirt American banking, investment, environmental and labor laws. The laws would still apply to corporations based in the United States to make sure that small businesses go bankrupt.
The acquisition of the LME should be seen in that light.
That being said I have a reputation for saying what no others can and will say. so I will go beyond what the Mainstream Media will report.
I believe the Chinese are now in a position to control JP Morgan and HSBC. These two banks control the Exchange Traded Funds GLD and SLV. These are investment funds which imitate the price of gold and silver by buying and selling derivatives. Jeff Christian testified before the Commodities Futures Trading Commission that 100 ounces of paper gold and silver are traded for every ounce of physical bullion. He has since admitted that during trading hours that can be as high as 400 to 1. On some days one entity will sell on the COMEX in New York more paper certificates (derivatives) than the entire world mines in a year. Of course this could not happen if markets were not rigged by criminal syndicates which included the government.
The Chairman of the CFTC is a former Goldman Sachs VP as are the COO of the SEC and the head of the European Central Bank and both finalists to succeed the Governor of the Bank of England. JP Morgan is particularly important in America because it is often refereed to as the Treasury of the United States. It was the bank to which Jon Corzine, the former Senator and Goldman Sachs CEO, wired his customers money from MF Global just before declaring bankruptcy. Federal investigators and the news media to this day do not know where that money went. They even claimed that 1.2 billion dollars evaporated. what did not evaporate was MF Global’s 4.7% share of LME was picked up by JP Morgan for 39 million while they were on the Bankruptcy board. The final sale price was $2.16 billion so you can calculate the profit by multiplying that sale price by 4.7%. Not surprisingly Goldman Sachs also sold their shares in LME to China. Goldman and Morgan seem to spend a lot of time together.
I have been following this LME story for some time as I has hoped that if the Chinese took over the LME and ran it by their stricter rules that the blatant manipulation of the gold and silver markets would come to an abrupt end. That would mean substantially higher gold and silver prices at least before the end of the year. But that might have happened anyway now that the euro is set to collapse and to take the banks and hundreds of trillions of dollars in Credit Default Swaps with it.
I first thought that this purchase of the LME would give China an opportunity to sink the American and European economies. But that is not the Chinese way. Why would they do that when their enemies are already destroying themselves. They are unloading US Treasury debt. They are buying farm land all over the world. They are gradually replacing the dollar as the wold’s international reserve currency. But they do need to buy more gold to do that. Of course they have enough US Treasury bonds to buy thousands of tons of gold from nations that are soon to default on their bonds.
But I do see an opportunity for those of us who do not want their governments to be run by traitors who are selling us out to an Asian dictatorship run by criminals who exploit their own people and sell them to foreigners running sweat shops.
If we buy silver and hold it, we can eventually push the price higher. This will force JP Morgan, which runs SLV and does manipulate the silver market on the COMEX and the LME, to cover their massive short positions. Silver has a much smaller market and has more industrial uses than gold so it is easier for us to achieve a victory. Every day we see billions of euros seeking safety. At some point the Europeans will discover silver. There already is a campaign started by Max Keiser to buy silver and to bankrupt J P Morgan by forcing them to cover their short positions.. Do not worry about the bankers. They never worried about you. The economy is set to crash by design anyway. The global elite has hundreds of studies they had you pay for saying that billions of us will soon die after the economic collapse and person or persons unknown release super killer plagues you also paid for.
I have given up all hope of ever having an honest election which would allow us to change our government. I am the author of ‘ Is An American Military Coup The World’s Last, Best And Only Hope. ‘ An Internet friend of mine in South Africa has made a video in which he says we have a third choice in November. Obama, Romney or Silver. If we buy enough silver we will not only protect ourselves from the coming Hyperinflation but we will also force JP Morgan into bankruptcy. And this will force the US military to act. Of course they will also have to act if the bankers try to start World War III by launching an attack on Syria, Iran, Lebanon and Russia which could quickly spread to China, Pakistan and India.
You do have to admire China. They are buying exchanges, theater chains, oil, gold, silver, commodities, food and farm land. Meanwhile Ben Bernanke is printing up dollars and will send us all into Hyperinflation soon enough.
This is a great video. V is for Victory!!!