-- Posted Thursday, 25 September 2008 | Digg This Article
| Source: GoldSeek.com
By R. D. Bradshaw
Numerous articles and reports from GATA, Silverseek.com and this series on the Goldsmiths adequately establish the reality that powerful people are manipulating the futures markets. Therefore, it almost seems redundant to write anything further on this theme.
Yet, since there remain some doubters and opponents of the idea out there, this article will highlight one more great proof that indeed the markets are manipulated and controlled by very powerful people.
The Canadian Dollar
As has been true with almost all of the currencies in the world during the past several weeks, the central bank of Canada has joined in to manipulate the currency markets by taking action to buy the US dollar and sell the Canadian. Since the Bank of Canada is another one of the Rothschild controlled banks, it was totally logical that upon receiving its plutocrat orders to defraud Canada and the people of Canada, the bank obeyed.
I mention this fact because of the many nations in the world which worked to depreciate the value of their own currencies the one which was totally ridiculous and most incredible was the situation with Canada. The thing about Canada is that of the various world currencies, the Canadian dollar is one of the better ones with an economy which by all logic should support a strong Canadian dollar.
It’s not to say that Canada does not have problems. She does. Like so many of the other Western Christian nations, she embarked on a path of social welfare long ago. As an example of this socialism and social madness in Canada, all one must do is look at the approved Canadian health care system. With its socialism, it is about as sick and pathetic as the one in Britain and in other parts of the socialized world.
By the way, with this socialized health care madness growing, it is only a question of time before it becomes emplaced here in the US. The world right now is on a roll for socialized health care which is not helping sick and needy people at all.
The Canadian Strengths
Despite the socialism problems at home, the Canadians do have some positive things going on in their economy which justifies the need for a strong Canadian dollar.
Canada is blessed with an abundance of natural resources and a largely favorable climate that allows much food production. Accordingly, Canada produces huge quantities of raw materials (oil, all kinds of metals, timber, etc); grows much foodstuffs (like grains—barley, wheat, etc); and maintains a substantial fishery business. For persons interested in precious metals, Canada is one of the big producers of gold and silver.
Beyond all of its historic oil fields, another new oil horizon may open soon for Canada. An article of Oct 6, 2006, in the Businessnorth.com focused on “Canada Tar Sands Oil Equals Saudi Arabia.” Per the article, the oil fields in Northern Alberta produce heavy crude oil and “bitumen” which is thick, tar-like oil as found in three oil sands deposits some 300 miles north and east of Edmonton. Work is already advanced on extracting this oil and shipping it to the US. As a minimum, it represents a vast source of oil for the US market.
With its huge supply of natural resources, Canada is a major exporter of those resources to the world. Her imports are mainly manufactured goods from Asia.
With a favorable mix of exports over imports, she runs a monthly trade surplus of some $5-6 billion with a surplus of around $9 billion monthly with the US. Oil, metals (like Aluminum, zinc, etc), lumber, fish, and wheat are some of the main Canadian exports to other nations. Though Canada is a major gold and silver producer, apparently, she does not export much of these items.
This trade reality means that Canada is a perfect illustration of a country where a strong local currency would benefit her trade profile—both in terms of imports and exports.
Needed, a Strong Canadian Currency
Through her abundant precious metals and needs for a strong local currency, the plutocratic goldsmiths could care less as they follow policies designed to make money for the Rothschilds and not for the Canadian nation or people. The proof of this assertion lies in the way the Canadian central bank joins in with the Fed, the ECB, the Bank of England, etc regularly to manipulate its currency to benefit the international plutocrats.
Yes, with a natural resources based export economy, Canada is in the envious position of needing a very strong local currency to benefit the nation as its resources are exported and sold abroad. In that sense, one would think that the Canadian central bank would be regularly taking action to boost and increase the value of the Canadian dollar. But not so!
Instead, periodically, the Bank of Canada joins in with the other global central banks to manipulate the various currencies down in order to boost and build up the real-world, sick, US dollar (which should be plunging into the garbage can; were it not for the intervention work of the various central bankers to save it).
While the ruling plutocrats did allow the Canadian dollar to appreciate some earlier this year, the big boost up of the US dollar since mid July has seen the Canadian dollar plunge down to around 91-92 US cents. With the strong Canadian economy and export market, one Canadian dollar should be worth substantially more than something grossly less than one US dollar.
I mention this case as a classic proof of the skullduggery and manipulation of the US and Canadian currencies by the fat cat goldsmiths who run things on the international money markets. This is outrageous what these swindlers have done to Canada. But then, they own/control Canada and the Canadian central bank (just as they own/control the US and Fed and other nations and central banks).
They pretty well can do as they please and no one will object or interfere in their ridiculous acts of fraud which put great hurt on Canada and the Canadian people. You’d think that surely there are some persons in Canada who know what the market and currency manipulators are doing to Canada and would rise up in rebellion to stop it. But no, apathy and don’t care is great up there, just like it is in Europe and the US.
Questions Needing Answers
This madness being forced on the Canadian people by its own central bank raises some questions that persons up there should ask.
With its economic profile of importing manufactured goods and exporting its vast natural resource supply, why wouldn’t the Bank of Canada work feverously to increase the value of the Canadian dollar to benefit the nation and people of Canada? Yet, the Bank of Canada has worked in conjunction with the plutocratic manipulators to crash the Canadian dollar this summer in a bid to help elevate the fiat US dollar. Why has this enigma happened?
Since Canada is one of the world’s largest producers of gold, why hasn’t Canada worked hard to see the price of gold go up to benefit its nation and people? Yet, the Bank of Canada works overtime to help the US dollar and plutocratic manipulators which in turn constantly fight the price of gold on the world markets. Why does the Bank of Canada do this?
Since Canada is one of the world’s largest producers of silver, why hasn’t Canada worked hard to see the price of silver go up to benefit its nation and people? Yet, the Bank of Canada works overtime to help the US dollar and the plutocratic manipulators which in turn constantly fight the price of silver on the world markets. Why does the Bank of Canada do this?
Since Canada is one of the world’s largest producers and exporters of oil, why hasn’t Canada worked hard to see the price of oil go up to benefit its nation and people? Yet, the Bank of Canada works overtime to help the US dollar and the plutocratic manipulators which in turn fight the price of oil on the world markets. Why does the Bank of Canada do this?
Since Canada is one of the world’s largest producers and exporters of industrial metals, why hasn’t Canada worked hard to see the price of metals go up to benefit its nation and people? Yet, the Bank of Canada works overtime to help the US dollar and the plutocratic manipulators which in turn fight the price of metals on the world markets. Why does the Bank of Canada do this?
Since Canada is one of the world’s largest producers and exporters of wheat, why hasn’t Canada worked hard to see the price of wheat go up to benefit its nation and people? Yet, the Bank of Canada works overtime to help the US dollar and the plutocratic manipulators which in turn fight the price of wheat on the world markets. Why does the Bank of Canada do this?
Since Canada is one of the world’s largest producers and exporters of lumber, why hasn’t Canada worked hard to see the price of lumber go up to benefit its nation and people? Yet, the Bank of Canada works overtime to help the US dollar and the plutocratic manipulators which in turn fight the price of lumber on the world markets. Why does the Bank of Canada do this?
At this point, someone may jump up and down and proclaim that the Bank of Canada manipulators really love the people of Canada and are purposely keeping inflation down by keeping the US dollar up and the price of Canadian produced commodities down. If this should come from someone, I would have to laugh at it because I believe that it would be totally ridiculous.
By keeping the US dollar up vis-à-vis the Canadian dollar, most of the manufactured goods imports to Canada go up and cost the Canadians more money. This does not decrease, but rather increases Canadian inflation.
By keeping the world market prices down on gold and silver, this certainly cannot affect the inflation rate in Canada with its large production of gold and silver—much of which increases the wealth and monetary reserves of Canada.
By keeping the world market prices down on oil, wheat, aluminum, lumber and other commodities which Canada produces and exports, this hurts Canada in terms of its balance of payment accounts with other nations. It does not cause harmful inflation in Canada. Instead it hurts the Canadian producers for them to lose money in the world markets because their products are kept depressed in price to benefit the US dollar.
Regardless, this writer has already discussed the real world type of thing in that the summer 2008 bust of commodity prices in the US caused little or no impact on merchandise prices in stores. The reason is that the basic cost of commodities at the production level is not the big issue in comparison with taxation, transportation, storage, packaging, and distribution costs and profits.
The money paid to the farmer for the wheat in a loaf of bread is inconsequential (like maybe 10-20 cents) compared to the cost of a loaf of bread in a retail store (at $2.50). It’s absurd to tackle the production price of wheat while ignoring all the storage, transportation, packaging and add-ons at the bakery, wholesale and retail levels and by the excessive taxation at all levels.
Clearly, it is a lot of stupidity to defend the Bank of Canada in this situation. The obvious conclusion is that the central Bank of Canada, owned by the Rothschilds and other super rich goldsmiths, does not represent or work for the nation of Canada or the people of Canada. It has other interests and goals (like profits for the insiders with the Rothschild team—JP Morgan Chase, Goldman Sachs, etc).
I am mentioning this situation in Canada to provide one more classic proof of serious manipulation of the commodity and currency markets. This one also offers clear proof that the Bank of Canada does not represent the people of Canada. Instead, this disgraceful pile of crap takes its order from plutocratic masters who are right now bent on boosting the US dollar and to heck with Canada and the Canadian people.
Of course, the super rich dynasty families never care one whit about the people in any nation. They are perfectly happy to see the people go down the tubes as long as they can manipulate and control the financial markets to make barrels of new profits and gains for themselves.
It looks like someone in Canada would do something to stop the rip off of Canada and the Canadian people. But no, no one seems to care—either that or the few who do care are so powerless that they can’t do anything about it.
For More Reading/Information
For more reading on this issue, the reader may wish to check these sources:
The bestseller: “None Dare Call It Conspiracy,” by Gary Allen and Larry Abraham, first published in 1971, still available on eBay, Amazon and other book outlets.
“Tragedy and Hope,” by Carroll Quigley. At the 1992 Democrat Convention, Bill Clinton’s acceptance speech cited Quigley as Clinton’s mentor.
An Internet presentation on the Plutocrats, at Volume XXII of “Ezekiel and YHWH’s Judgment for the Good People,” at www.AgeEnd.com on the net.
The author is not involved in the securities or financial market business and has no financial interest in presenting the information herein. Thus, the preceding information on this subject is presented for general information only and not for purposes of investment advise or recommendations. What the reader does on investments is his own personal decision and responsibility.
Finally, the writer of this series is a retired CPA, living in the Idaho Mountains, and still optimistic for the future of gold and silver. He is also a veteran of the Korean and Vietnamese Wars.
-- Posted Thursday, 25 September 2008 | Digg This Article | Source: GoldSeek.com
