Just had my "Go Jorge, Go!" T-shirt dry-cleaned once again after wearing it proudly to the Macy's Thanksgiving Day Parade. I sure felt safe (monetarily speaking) in Manhattan knowing that JP Morgan’s secret Manhattan gold vault (the largest vault in the world) is directly across the street connected via underground tunnels from the NY Fed, (which allegedly stores a quarter of the world’s central bank gold reserves.)
So I started thinking, if JP Morgan (aka "The Federal Government") is allowed to move gold underground from one "shady" operation to another......then why isn't Barrick allowed to do the same? Clearly all Barrick wants is to build a small tunnel to get their twenty-year old operation up and running. Peter should come out of retirement and do something. The guy is in the Canadian Mining Hall of Fame! That's Babe Ruth big. Wayne Gretsky big.
Along with my "Go, Jorge GO" T-shirt......I was donning my brand new "Make Mountainstar Great Again" cap as I entered Trump Tower, and a guy named Don (surrounded by men in black) asked me where he could get a hat like that.
MAGIC ....... There's Magic Johnson, Movie Magic, Magic Moments, and Barrick. Barrick of course being the sleight-of-hand form of magic. The cut-and-paste below is old news to everyone, however in the spirit of the holidays, and in the name of "let's not forget who we are dealing with," here is a snippet from ZNet published in Africa May 14, 2007.
Barrick’s business practices have not gone completely unnoticed. In December 2002, Barrick Gold was sued in an anti-trust case for literally manipulating the price of gold on the world market. Banking giant J.P. Morgan (prior to their merger with Chase Manhattan) was an investor in a company called Argo Partnership, who became a significant shareholder in TrizecHahn. Barrick bought TrizecHahn , making J.P. Morgan a shareholder in Barrick Gold by virtue of the buyout. J.P. Morgan reportedly loaned Barrick gold reserves from a central bank to short-sell on the market, increasing the supply and driving the price down. The money from the gold sales was invested in money market instruments at J.P. Morgan for a higher return than the gold borrowing rate, thus creating a profit. The short sales were considered off-sheet assets, so the purchase of gold off the market was not reflected as a loss in their balance sheet.24
Barrick would then mine the gold needed to replace the borrowed stores at the central bank, but a clause in the J.P. Morgan gold lending deal gave Barrick an infinite number of years to pay back the central bank. This meant Barrick could buy up the gold supplies to drive the price up, or they could dump their borrowed stores and drop the price generating a profit for both Barrick and J.P. Morgan. Recall that during 1998, as Barrick was evicted from the Congo, the price of gold was falling considerably. It has been rising steadily since 2001. (Ibid)
The predator doesn't suddenly change, it must be hunted down and destroyed. (or TRAPPED!)
A toast to you, Jorge!
