For several years, readers have seen a steady stream of articles which chronicled and explained the One Bank’s multiple attempts to attack the mammoth gold market of India. These attempts have ranged from the diabolical to the merely comical.
Indeed, one of the “comical” aspects as these financial Wile E. Coyotes continue targeting India’s gold market, and continue to miss-the-mark is that they have caused Indians to buy a lot more silver. Starting in 2013, the One Bank’s ill-fated gold embargo led immediately to India setting a new, all-time record for silver imports – certainly not what the banksters had intended.
On the other hand, there was no visible consternation emanating from this crime syndicate, even with India importing silver at the massive rate of well over 5,000 tonnes per year. The One Bank soon backtracked on its gold embargo, and allowed India’s gold imports to once again flow into that nation (more or less) unfettered. However, as explained at the time, this reversal could have had more to do with the rampant gold-smuggling into India which resulted from the embargo on official imports – and an evolving blackmarket price for gold, which was totally outside of the bankers’ control.
Flash ahead to 2016, and only now do we (finally) see the banking crime syndicate taking aim at Indian silver imports. What is the significance of this development? As if often the case, there are two almost entirely different explanations as to how and why we’re now seeing the One Bank look to restrict the flow of silver into India, as indicated with the following headline.
India hikes import tariffs on gold and silver
What we know here, for sure, is that what is being reported by the mainstream media is a lie:
The high import duty on gold was imposed in 2013, after policymakers scrambled to narrow the country’s current account deficit and arrest a free fall in the currency following heavy buying of the metal… [emphasis mine]
We know that was a lie because when India’s new, puppet government removed the punitive duties (and gold imports soared back to previous levels), India’s currency did not start plunging in value again, at all. This proves, conclusively, that the original collapse in India’s currency was the work of the world’s most-notorious (convicted) Currency Manipulators – and had nothing at all to do with gold import levels.
