Why the news about the LBMA "cancelling" Basel III is bullshit...
Found a couple of links discussing it, that are worth a look... one from before the "change"... and one from after... which I think fairly represent the typical investors or the markets view of things. After those... my opinion:
Basel III = $855 Silver? Covers the basics... if you know all that, just skip to the post LBMA news update:
Basel III = $855 Silver Update Gives opinion re LBMA chest thumping re Basel III rules exemption
My opinion has two parts:
First, the BIS didn't come up with this plan randomly or suddenly. The link notes LBMA saying they've been fighting for what they won for 10 years... so, since 2011 ? Go figure... And, in all that time, the BOE was a participant... and didn't "opt out" ? The BIS wouldn't have wasted their time if the BOE could simply opt out and obviate the plan ? And, if they were going to do that... why wait until right after the Basel III rules kicked in for the EU and the US... now everyone else but the UK ? But, note, the BIS didn't go out of their way to advertise Basel III rules changes. It was ferreted out by people like me, who've been discussing it since 2011... and each time the can got kicked down the road... duly noted here... Awareness has grown.
So, do you really think the BOE is, at this late date... blowing up the Basel process of rule making... or think that process would long survive if the other banks were forced to stick to the rules... and the BOE wasn't ? Occam's Razor, applied here... suggests... the LBMA and the BOE are lying about "cancelling" the Basel III rules changes...
Otherwise, the entire globalist bankers cabal's efforts in coordination makes not a lick of sense... and all those future plans for ending national sovereignty in favor of rule by the banks under a single global currency scheme... fully digital no doubt... simply wouldn't work...
So, that's just very, very unlikely.... as useful as the rest of us might think it would be...
Second, what has the situation been, before now ? The manipulation of the trade was carried out at the COMEX... until recently... but the rules changes in the U.S. forced the COMEX to shift contract delivery to London ? Hmmm. But, the structure of the amended Basel plan... post 2011... until now... ALREADY intended to create temporal carve outs... the LBMA is ALREADY exempt from the rule... up until January 2022. The BIS plan for implementing the rules on a rolling basis... was so that the different regional / national banks could "load up" on gold and silver without directly competing with each other... all still done while the public was defrauded by their sustained price suppression...
That's the planned revision... because, the prior effort made to implement the rules back in 2011 generated a massive bull market... because they were all competing to buy gold and silver at the same time... and that sudden price rise caused banks to go belly up FASTER... when the point was to prevent that happening.
So, divisions of time were devised to avoid the competition forcing prices higher... and they agreed to sustain the suppression efforts while the banks loaded up... in serial fashion with time allocations for market access... instead of doing it by enabling price discovery through competition in the market. And, then, in theory... once all the banks get their turn... THEN they will stop defrauding people and allow price discovery.
But, since the Basel III cat got let out of the bag... the last ones left in the trade before full implementation kicks in apparently being the BOE and LBMA... who are also now the central locus for aggregation of all the corrupt trades transferred there from the other jurisdictions. But, now they're being denied the agreed upon "right" to "load up" under the price suppression regime that has been agree to be allowed to let them load up when its their turn... but that's not working, since everyone knows about Basel III's and its timing, now ?
What's an evil banker to do ?
They could... blow up the global banking cabal by refusing to go along, by opting out... oddly NOT at the last minute, if that's the plan... but instead do that at the very beginning of their allotted "free period for market access under price manipulation"...
OR, they could just lie to everyone... in order to re-establish the authority of their price suppression efforts... while spoofing people out an expectation that the Basel III thing will ever matter ? The whole scheme was already based in fraud and price suppression... so its not like anyone really cares or will act upset if they lie about it to defraud investors... a little bit more ?
But, others WOULD get upset... if the BOE were blowing up the banker's cabal and the agreed divisions in things now... when its finally their turn... because "cold feet"... ?
Do you see any others acting all upset about Britain exempting themselves from the banking cabals rules and thus undermining their shared plans for globalization, a global currency, and global domination with the bankers taking over the world ?
No... I don't either....
But, I did note what it seemed the LBMA was really crowing about in the "win" they're discussing in the second link ? Some sort of new global monitoring and tracking system... so they'll know when you buy any gold... they will know who has it... and where it is at any given time... and thus will also know what they need to do in other trades... designed to be targeted and addressed to you... to pry it out of your hands ?
That sounds more like the evil bankers cabal I know... being all on the same page while coordinating efforts in lying, cheating, stealing... doing whatever it takes... in order to win their trade while screwing you...
|
