London Gold Fix, Power and Bitcoin
The pricing of gold through the London Gold Exchange is associated with the insolvency of the gold standard in a global trading economy with modern means of telecommunications and transport. The gold standard in the global economy presupposes the concentration of power.
The London Gold fix is the final proof that gold as reliable money still remains and is being abused by the financial elite. The term “fixing” refers to the method of setting the price of LBMA gold. LBMA is an abbreviation of the London Precious Metals Market Association. London is the center of the world trade in gold and silver. Trading on the LBMA gold market is possible only if you are registered. LBMA sets silver and gold prices twice a day. This is the so-called London fixation of AM and PM. Rothschild bankers played a key role in setting the London gold fixed rate.
Rothschild bankers, gold and power
Initially, large bullion traders and systemic banks headed by Rothschild bankers were responsible for fixing prices. Since the Napoleonic Wars, Rothschild bankers eventually gained a monopoly on gold mining, gold bullion casting and gold pricing. This control over all money and international payments became possible thanks to Nathan Rothschild and N.M. Rotschild bank in London. He was responsible for the successful financing of Wellington’s armies, which eventually allowed the United Kingdom to rule the world as an undisputed hegemony.
This allowed the Rothschild family to amass a huge fortune and eventually save the British central bank from imminent bankruptcy in 1825. Rothschild bankers have acquired enormous power over the City of London. England, or rather, the British people, to this day does not have an independent sovereign financial center.
Other important parties behind the gold situation were Mocatta & Goldsmid, Samuel Montagu, Sharps & Wilkins and Pixley & Abell. N.M. Rothschild sold this place to Barclays in 2004. This scheme is called London Gold Fix and has been in effect since 2019.
The gold cartel manipulates the price of gold
The London Gold Exchange is part of the gold cartel of banks. They participate in a gold price suppression program, and they can also manipulate the price of gold for their own purposes. In addition, it is important that the price of gold does not become too high to hide how much debt has been accumulated and how much fiat currencies have depreciated. Too high a gold price will undermine confidence in the banking and financial system. Of course, this will be strongly denied. Nevertheless, a number of well-known scandals have already surfaced about how banks abused Gold Fix for their own selfish purposes:
● JP Morgan — Gold Manipulation — 2018
● JP Morgan — Gold Manipulation — 2019
● Deutsche Bank — Gold manipulation
● Merrill Lynch — Gold Manipulation
● Barclays — Gold Manipulation
● HSBC — Gold Manipulation
The scandals associated with gold price fixing are reported by many analysts, including Wall Street.
This problem once again shows how power corrupts, and power over the main money — gold, especially. This structural human problem can be solved by distributing them evenly across an indestructible peer-to-peer network of equals. This network is Bitcoin.
This is a new decentralized financial order that is in its infancy and offers humanity a unique opportunity to put the financial system on a new and better foundation. Since the current centralized system is completely abused by the financial elite, and now every citizen is facing financial repression, it’s time to think about a financial transition to a peer-to-peer system.