Who’s doing what, and why?: Four banks manipulate six commodities to manage other markets, says Ed Steer – by Greg Klein (Resource Clips – May 10, 2018)

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Probably the most facile way to dismiss a conspiracy theorist is to label the person “a conspiracy theorist.” Conventional thinking gives the term negative connotations, even though history and current events have an inconvenient tendency to reveal conspiracies in action.

Ed Steer’s interest in bullion manipulation started with the Hunt brothers’ 1970s silver conspiracy. Having spent decades watching the machinations of others, the newsletter writer and Gold Anti-Trust Action Committee board member adamantly declares that “there are no markets, just interventions.”

Drawing on the work of GATA and analyst Ted Butler, Steer believes precious metals “have been managed actively” in the COMEX futures market since 1973. Price suppression supports “the paper game they’re playing in the stock and bond markets,” a game that’s continued since the U.S. dropped the gold standard in 1971, he argues.

“We’ve had a complete blow-up of paper assets because of unlimited money printing. They don’t want that showing up in the commodities market because the moment that it does, all the paper’s going to rush out of Wall Street, the bond market, the Dow and every other index, and into gold and silver in particular and commodities in general. And that’s not what they want to happen.”

If those two metals merit suppression, so do platinum and palladium. “You couldn’t have a $3,000 or $4,000 platinum price while gold’s sitting at $1,200,” he states. “People would start asking questions.”

For the rest of this article: http://resourceclips.com/2018/05/10/who%E2%80%99s-doing-what-and-why/

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