Daryl's Article -- Dubai

[Roy Hobs]

http://www.rickackerman.com/wp-content/ ... ipeout.htm


Any one care to Critique this most recent article from Daryl?  

I just don't know enough about this subject to be able to critically review the information.

I ask because the content seems to "contradict" things Daryl and Rafiq have said about the economic situation.  

The most obvious being the author placing much blame on Islam.  And implying that the Arab Sheiks are screwing us.  

But we all know who is really to blame.  So how does the Jewish Financial Elite play into this drama in Dubai?  The author mentions many Islam conglomerates/companies.

Are these companies really owned by Jews?  

Then he makes this comment --  

"I'm going to repeat to you. Gold north of $1200 an ounce, the stock market banging around 10,400, and oil that is now south of $80 a barrel, are the greatest bubbles the world has seen. Created by the bubble blowers from the New York investment banks and their co-conspirators from the dead-broke Middle Eastern sovereign wealth funds."


Gold is in the "greatest bubble the world has seen"  I'm under the impression that the true value of Gold is in the thousands and that the Financial Elite are "suppressing" the real value of Gold.  

Created by the bubble blowers from New York (I'm assuming Jews) and their "co-conspirators from Middle Eastern Sovereign wealth funds".  

Are these Middle Eastern Sovereign wealth funds really controlled by the Jewish Financial Elite?

If Daryl or Rafiq  reads this and could critique the article, that would be great.  

Sincerely.

[Christopher Marlowe]

This article seems like truth mixed in with fiction.
For example, it says the gold market is manipulated, but fails to mention that the price is fixed down. I have read a few articles showing circumstantial evidence that would tend to prove major banks manipulating the price with futures contracts. Last year around this time it was predicted that some large contracts would demand delivery, and there would be a default. (From what I understand, most futures contracts are made only to stabilize the price and do not result in delivery.) It was suggested that the COMEX would default eventually because they would not be able to cover all their trades, and they are guarantors of all trades on that market. A COMEX default would mean that a new gold market would have to be created somewhere, and gold would find its real (market) value.

Another method of the gold price being pushed down is the by amount of paper gold in the market. Paper gold suppresses the gold price by siphoning off the money purported to be invested in gold, and thereby decreasing the demand. i.e. If 100 people think they are buying gold, and 80 of them are only actually purchasing paper gold, all things being equal the demand was decreased by 80 percent. GLD is the prime example. In the prospectus there are custodians and sub-custodians, and the sub-custodians have sub-custodians...turtles all the way down. Nobody has a right to check anybodies gold; nobody is responsible. As a way of holding gold, it is crap. For people who want to hold a temporary position in the gold market without taking their money out of their 401k, it seems to do the trick as it tracks the price of gold very well. I think its a pure scam waiting to be uncovered. I don't know how that would come about, except if maybe there was a default in the COMEX.

In a related note, COMEX now allows settlement in paper gold. WTF?  

An article I read was discussing the difficulty in obtaining physical gold. The author compared the gold market to the grocers in the old Soviet Union days. The man walks into the shop and asks "How much are the sausage?"
"10 Rubles......But there are no sausages."
See, because you have to pay a lot more rubles to get the sausages...Because the "market price" and the real price are not the same...Because the market is fixed.
MR and DBS were talking about this, and MR was saying how insane it is to call something the "spot price" when it bears no relation to what you actually pay for gold. What you actually pay is the spot price. That's why they call it the spot price.

Those are just three points showing the gold price is being suppressed. The last point alone proves it. So on the issue of gold alone I think the article is full of crap because it says there is a gold bubble, and that wall street is driving the price up.

IMHO, the gold price is kept down to make it appear like the dollar and other fiat currencies are holding their value. Keeping the price down is like sticking a thermometer in the freezer. People ask how hot it is, and they take the thermometer out of the freezer and say, "It's just below freezing."
"But I've only got a t-shirt on and I'm sweating."
"You must have the bird flu."

I don't know why DBS has that article on his site. He said he was pretty sick the last time he was talking to Ognir. I hope he is feeling better.  I have to remember to pray for that guy.