When asked why I think that the price of gold is manipulated to keep its price within an acceptable band to central planners, I will respond with the quip 'because they can.'
It's really very simple. If we know that the Fed is extremely concerned about the health of the financial markets and maintaining confidence in them and the major institutions, and it has already stepped way over the line by targeting the price of money, bonds, and equities, it's pretty much a guarantee that the Fed has got its eyes on and hands in everything.
With gold providing the only external signal of confidence in fiat money, it's unthinkable to me that it's price would not be a matter of some concern, attention, and 'targeting' by our increasingly activist central planners.
It would be as if the Fed were a doctor with a gravely injured patient on the gurney that they were desperately trying to stabilize but were neglecting to keep track of the patient's pulse. In a crisis, everything counts, and you cannot possibly convince me that $85 billion a month of thin-air money printing is anything other than a desperate act of triage. Likewise, you cannot convince me that the Fed does not condone or support, either overtly or covertly, keeping gold safely capped within an acceptable range.
In truth, we have entered a period of time where regulatory, justice, and monetary officials no longer even try to hide the fact that they are willing to bend any rule, ignore any law, and foster a completely unlevel playing field in their quest to preserve the status quo.
Too Big to Jail
We've all heard of too big to fail, but recent events have forced the much more corrosive idea of too big to jail into the public arena.
Perhaps we can begin this discussion with the completely outrageous case of HSBC having been caught completely red-handed violating all sorts of extremely serious laws and then settling for a fine that amounted to roughly five weeks of profits.
Here's how the ever-colorful Matt Taibbi put it:
Outrageous HSBC Settlement Proves the Drug War is a Joke
If you've ever been arrested on a drug charge, if you've ever spent even a day in jail for having a stem of marijuana in your pocket or "drug paraphernalia" in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.
by arlloyd1 
