On The Edge with Max Keiser: 11-09-09

On this week’ show, Max talks with Canadian Precious Metals Expert, Rob Kirby, who corroborates what we have all been saying and thinking for years now, that the markets are being manipulated.

Mr. Kirby and Max discuss Barrick Gold’s hedging (shorted) of 9.5 million ounces of gold. As gold goes up $100 per ounce, Barrick loses one billion dollars off of its balance sheet.

So they have decided to buy back their hedges by diluting their shares (idiots) but seem to be only able to raise about three billion dollars. Sure it is a lot of money, but it is less than 1/3 of the required amount to buy back  the 9.5 million ounces they hedged. These guys are going to go broke because of greed and having their market manipulation backfire on them.

And to make it worse you know a Banskter group has to be involved. Queue J. P. Morgan who, through the Fed, are cooking the books.

How does this effect you? Well expect to see a Hank Paulson wannabe threaten Congress that they will collapse the US Economy unless they are all bailed out.

I say piss off and die a painful death because, Barrick and J.P. Morgan, you are nothing but Financial Terrorists.

Related posts:

1. On the Edge with Max Keiser: 21-08-2009
2. On The Edge with Max Keiser: 28-08-09
3. On The Edge with Max Keiser: 06-11-09
4. The End Is Near: Gold breaks through $1200. Why this is a big deal!
5. On The Edge with Max Keiser: 14-08-2009