bill murphy brought to my attention this is from the u.s. embassy it deals with chinese press reports and this is a quote from one the u.s. in europe of always suppress the rising price of gold they intend to weaken gold's function as an international reserve currency they don't want to see other countries turning to gold reserves instead of the u.s. dollar or the euro therefore suppressing the price of gold is very beneficial for the u.s. in maintaining the u.s. dollars role as the international reserve currency so let's bring bill murphy back into the conversation because i want to talk more about kind of the highlights and shadows work over the years so just to peg off about wiki leaks cable now that was not a classified cable that was coming from chinese press reports what do you think is the significance of something like that being in the chinese press well it's very significant more of the biggest part of the chinese and the russians in the army is the people who probably probably follow the god of the most of the chinese and the russ

welcome back we're talking with bill murphy of gad about the central banks involved in manipulating the gold market market i should also note that central banks have been accumulating gold reserves have increased by more than five hundred tons over the last two years driven by the developing world that's according to the world gold council we've seen central banks load up in general and recently mexico russia turkey in march numbers that just came out from the i.m.f. now the world gold council believes china's central bank also has been making purchases and made significant purchases in the final months of two thousand and eleven so what's going on here and are they possibly getting an advantage allowing them to buy on the dips we're going to ask bill murphy chairman of the gold antitrust action committee and veteran of the commodities industry so bill murphy these banks that have been loading up in conjunction with the manipulation you allege that some central banks want to protect the perception of their currency is that an opportunity for the central banks that are loading up and are

with bill murphy of god and guess who may reach the top spot of the bank of england. this ministry looking squid is just one of many species out of sight and out of mind that could be threatened by human and out of mind i don't think the vampire squid not in this life to i will talk about it let's get to today's capital account. alright it's monday let's talk about gold let's look back in one of his writings a leading english art critic of the victorian era john ruskin told the story of a man who boarded a ship carrying his entire wealth and a large bag of gold coins now when a storm hit a few days into the voyage and the decision was made to abandon ship the man strap the bag around his waist jumped overboard and saying straight to the bottom of the sea now the man's body was found with the rock of the ship many years later and reflecting on this ruskin asked now as he was thinking had he had the gold or had the gold him now i'm telling this story to emphasize the enduring value that gold is held in the minds of people throughout this centuries it's represented not o

we will try moving on speaking of bill murphy he was on talking about gold manipulation as the chairman of data and a viewer responded said lauren i don't understand why banks would want to manipulate the silver and gold prices i mean if they truly care about making profits they should be front running the crowd and not going against the crowd right what incentives are there for them to short or manipulate silver or gold prices when they risk losing big time this is from dearest we on you tube now the answer to this is it could be that they're doing both the allegation is that they're taking short positions with the strategic objective of driving the price down and getting out all the over leveraged speculators and then they can go in and buy and see upside on the flip side so that's one argument and then there's also bill murphy did respond and said that it's not all banks it's the gold cartel which includes j.p. morgan and also the federal reserve and now he says that they are always short this cool car talent trade against the speculators in a collusive fashion they wipe out speculat

mostly domestic stocks and bonds we'll have more on metals with the gold antitrust action committees bill murphy and chris powell here in studio plus the as the sea has approved a j.p. morgan copper exchange traded fund reportedly the first one is backed by physical copper and received the go ahead despite opposition from companies that actually use copper and some lawmakers who opposed it too now the concerns are that it could allow speculators says the market increase prices volatility and undermine price transparency for and does serial metal discuss the impact and the newtown school shooting has unleashed tears tragedy and of course through talk of gun control and gun laws from the weapon use the bushmaster rifle to big business let's talk about the reaction from wal-mart to wall street let's get to today's capital account. the price mechanism is something we often talk about on this show and the role central banks around the world play in distorting it whether it's through central bank there are or q e or through private banks manipulating live or without question markets are manipulated an

here to discuss some of the latest developments in precious metals in light of what we do know are bill murphy and chris powell of the gold antitrust action committee better known as gap time and they are together at the same desk in our studio which is just so exciting thanks so much for being here gentlemen good to be here alone great to have you so let's start with to.

here to discuss some of the latest developments in precious metals in light of what we do know are bill murphy and chris powell of the gold antitrust action committee better known as gap and they are together at the same desk in our studio which is just so exciting thanks so much for being here gentlemen good to be here alone it's great to have you so let's start with today gold and silver moving down not a lot of big news anything to see here. yeah actually it's been part of a not an ambush attack by what we call the gold cartel for the past month they've been trading and when asian markets are thinly traded just about three weeks ago they had to call next twenty five dollars an ounce in one minute twenty four out of the last twenty six days and with access market comix pretty open they've taken the market down they slammed and today with the euro making seven month highs all of a sudden gold collapsed twenty five thirty dollars for no reason whatsoever the stock market was fun other commodity markets were fine it is ludicrous what they're doing what they're doing meaning what i mean based on

morgan who's a major player in the market he's bill murphy chairman of data and he joins us in the studio all the way from texas to fill us in adrianna exciting stuff lorena can't wait to see it. that does it for now but for more on the stories we covered go to youtube dot com slash r t america or check out our website at r t dot com slash usa you can also follow me on twitter. dot com. more news today violence is once again. these are the images the world has been seeing from the streets of canada. joint operation through the day. wealthy british style messiah comes. on the. market. can. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to kaiser report on. the mission and free critique should free in-store charges free the rangelands free risk free studio types free. download free broadcast quality video for your media projects a free media dog r t dot com. download the official location to cell phone choose your language stream quality and enjoy your favorites from alzheimer's.

facebook said i hope you air this comment on your feedback on friday's show which we are we've got is bill murphy and chris powell warned you had this what on earth are you talking about look when chris was explaining about the treasury's exchange stabilization fund and why the u.s. government is able to manipulate gold silver and all markets as they choose this surprises me because max kaiser has been saying this for years j.p. morgan and u.s. governments over manipulation of the treasuries etc i guess you know watch other shows on our t.'s network i would suggest you do you'll learn an ocean full of financial info from the brilliant max kaiser now of course i agree with you you can learn an ocean full of financial info from max kaiser we respect his program so much another option though in terms of learning about the treasury's exchange stabilization fund so that i don't look so confused is perhaps watching this show on say august seventh two thousand. the legal basis of the e.s.f. is the gold reserve act of one nine hundred thirty four which you just talked about chris paul as amended in the l

no explanation for the relatively high income from gold lending well well well get scores again bill murphy and chris low are there of course simple math will tell you that if you're leasing that quantity at that rate for that period of time you end up with a certain number which is unimpeachable and it points the finger at the austrian central bank as being inveterate liars to get out is going to have leverage it rightfully should now. gold leasing is what they do to in order to suppress the price this is part of the conspiracy theory that central banks manipulate our perception of the value of gold and therefore the value of their fee up ponzi schemes and so here they're trying to convince the population who is now dubious and questioning whether or not they should have sold their soul to this central bank and devil and they're saying look we've me three hundred million euros for you and somebody rightfully asked that means you've lent out all of our gold by our metrics. that's just. been working out to take on the banks turns defrosters and not seem to lead by i should mention that intel

mostly domestic stocks and bonds will have more on metals with the gold antitrust action committees bill murphy and chris powell here in studio plus the f.c.c. has approved a j.p. morgan copper exchange traded fund reportedly the first one it's backed by physical copper and received the go ahead despite opposition from companies that actually use copper and some lawmakers who opposed it to now the concerns are that it could allow speculators to squeeze the market increase prices volatility and undermine price transparency for and dusty all metal will discuss the impact and the newtown school shooting.

get scores again bill murphy and chris lowe are there again of course simple math will tell you that if you're leasing that quantity at that rate for that period of time you end up with a certain number which is unimpeachable and it points the finger at the austrian central bank as being inveterate liars. is going to have really made it rightfully should now gold leasing is what they do to in order to suppress the price this is part of the conspiracy theory that central banks manipulate our perception of the value of gold and therefore the value of their fee up ponzi schemes and so here they're trying to convince the population who is now dubious and questioning whether or not they should have sold their soul to this central bank in devil and they're saying look we've made three hundred million euros for you.

about gold and silver evidence of manipulation in these markets and it's always chris powell and bill murphy of data who have made this their work and interestingly when we talk about the issue of conspiracies we do have some actual conspiracies that have come out in finance first sample the libel rigging there is a headline the libel conspiracy where the bank of england and whitehall in on it because of conversations and e-mails went back and forth that made it look like maybe there was some agreement that there should be going on during the financial crisis between officials at central banks and the banks that were doing this for the people that were doing this but nonetheless we definitely know the bankers were rigging live or the rate together jon stewart actually summed up this whole notion perfectly you know there are all these conspiracy theories about the world's financial system being controlled by six luminati members in the basement of the batter can. actually just sixteen london lunch. and so now that we've had a settlement we just saw u.b.s. settle over live or and possibly will

friday so let's wrap up with some viewer feedback we covered gold and silver manipulation with bill murphy of data this week which turned out to be very popular by the way but you tube user bam-bam twelve still had some questions let's take a look he said or she said i understand i understand fraud i do not understand gold manipulation by devaluing gold they just don't devalue yours or mine they devalue their own and here she is talking about central banks why would they do that well yes that's true the u.s. for example which is considered kind of not the number one suspect for central bank involved manipulation the us yes it may have gold but it has a lot more dollars than gold and it's in the central banks best interest to keep the perception of the dollar strong relative to real things because as we all know without faith in the dollar as the global reserve currency the fed couldn't do its printing the u.s. government couldn't do all of its borrowing and remember them bernanke or to him gold is a money and the fed keeps gold reportedly the world's largest reserves of it because of tradi