A Note on Western Markets

First, note that The Exchange Stabilization Fund (ESF) is a real entity with no accountability or auditing, except to the president of the US (debatable).

Treasury description (link) does not include all functions of the ESF and does not reveal that the ESF can trade any asset of any type under any circumstance, with no accountability to Congress, to the SEC, or to the GAO.

https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund

Beside the Bank for International Settlements which intervened in gold early morning Monday, March 2nd, the Exchange Stabilization Fund intervened just after, and going forward throughout the trading day, to support all US American markets.

On the precious metals markets, the Exchange Stabilization Fund acted in tandem with Jane Street to suppress precious metal continuous contracts. Right now, in western markets, there is no bullion to purchase, which is the very same tactic used in 1980 to suppress the precious metals (PM) market.

The Exchange Stabilization Fund also acted to prevent WTI, Brent, and Murban oil contracts from surging too early, across crude oil spot markets. Of course there was no need to support weapons manufacturers, which profited quite nicely on their own.

Exchange Stabilization Fund interventions are quite costly, and billions have been expended (and lost) particularly regarding the precious metals markets, for an extended period. The Fed has been funneling billions into the Dealer Banks to maintain liquidity, shifted from the Federal Reserve Repo market to authority under Section 13(3) of the Federal Reserve Act. The Fed has also been engaging in ‘shadow QE’ to keep the dealers liquid.

As mentioned, dark money funds like Jane Street collude ever more with the Fed Dealer Bank rigged system, overseen by the Federal Reserve and revolving door crime syndicate at the US Treasury.

The current smackdown in precious metals is typical during any US Geopolitical debacle, and historically occurs during major western aggression, in the fiat empire, especially since 1980.

The Rothschild’s Empire (London Bullion Market Association, LBMA/CME) has halted supply of bullion in the west, with sell-only spreads trading. Via Jane Street and the Exchange Stabilization Fund (in tandem with the Bank for International Settlements, BIS) this orchestrated suppression is de rigueur during major geopolitical turmoil, ie aggression inspired by the US and Israel.

Personally suggest hold and do not sell, and see a downturn in precious metals as being a buying opportunity. For silver, I foresee spot in the 70’s USD again, at which point I recommend placing buy orders with a reputable dealer, even though delivery to you of the physical metal via new production is likely to be be more than two months out, and perhaps far more.

Bottom line, is that the New York–City of London system is thoroughly corrupt, a reality that is becoming ever more apparent to the general public. As always it will be interesting to see by what means an sleight of hand the Epstein Club maintains it.

Steve Brown