The One Bank Targets India’s Silver

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.

Slightly closer to the truth, the propaganda machine also offered an alternative “reason” for this latest attack on India’s bullion market:

The Indian government increased Wednesday the import tariff value on gold and silver in a fresh attempt to curb costly imports and stop precious metals from being used to hide billions of dollars of undeclared “black money”.

Of course, this is still more rubbish. The producers of virtually all of the world’s “black money” are the regimes of the Corrupt West (i.e. our central banks). Thus, obviously, the best way to “stop precious metals from being used to hide billions of undeclared black money” would be for our governments (and the Big Bank crime syndicate) to cease creating $trillions and $trillions of this “black money” (i.e. counterfeit money) -- themselves.

The most-obvious (legitimate) conclusion here is that the banksters are finally getting worried about the attrition rate on their own, Secret Stockpile of silver. In support of this conclusion, we need merely look around elsewhere. In the West, both the U.S. Mint and Royal Canadian Mint have now been “allocating” (i.e. restricting) sales of their silver minted coins for a considerable length of time. In the case of the U.S. Mint, such production quotas are in direct violation of U.S. law, which requires the Mint to keep the market “fully supplied” at all times, period.

Indeed, as was noted at The Daily Coin, that law used to require that the U.S. Mint use only U.S.-produced silver to meet the law’s requirement. However, with the U.S.’s rate of silver production (silver mining) so low, and with demand for minted silver coins so high, the law was amended to allow foreign silver to be imported, in order to ensure that the law’s requirement for a fully supplied market was met.

However, today, despite the U.S. Mint being required by law to produce silver coins in whatever quantity is demanded, and despite the Mint being granted access to the silver from the world’s largest silver-producing nation (Mexico), the U.S. Mint is either deliberately defying the law, or it is simply unable to find enough silver to meet the law’s requirement.

With the governments of the Corrupt West frequently flouting their own laws (even our Constitutions), we have no idea whether the U.S. Mint’s production default is voluntary, or not. If this unlawful quota system is involuntary, it directly implies that the U.S. Mint can’t get enough silver. In that scenario, the new import duties on India’s silver would appear to be a direct indication of bankster consternation regarding Indian silver imports.

However, what if this illegal quota is purely voluntary, meaning what if the Secret Silver Stockpile is still relatively robust? In that scenario, the new import duties on Indian silver imports take on a different complexion.

In this latter scenario, the One Bank’s principal objective remains to attack India’s gold market, and either reduce the flow of gold into India, or increase the flow of gold out of India.  An example of the latter stratagem is the absurdly fraudulent “gold deposit scheme” which was hatched by the bankers toward the end of 2014, and implemented by India’s puppet government in the middle of 2015.

The purpose of increasing import duties on silver at this point would therefore be pre-emptive. In other words, the import duty on silver isn’t being imposed to curb the current level of Indian imports as much as it is aimed at discouraging increased imports of silver – when the One Bank launches its next attack on the Indian gold market.

The bankers have already observed the (predictable) consequence that limiting the access of Indians to gold would increase their appetite for silver. Next time, this crime syndicate wants to make sure that if/when they succeed in reducing India’s massive drain on global gold stockpiles that they don’t create an untenable burn-rate on their ever-dwindling Secret Stockpile of silver.

Here it is important to note one very important difference in dynamics between the Indian gold market and the Indian silver market. If/when India’s population is impeded from fully satisfying their demand for gold via legitimate, official channels, gold-smuggling is the automatic and instantaneous response. However the same is not true with respect to Indian silver demand, and its silver market. The difference can be summed-up in two words: price ratio.

Those readers following bullion prices know that the current silver-to-gold price ratio is at an ultra-absurd level of 80:1. In the world of smuggling, that 80:1 ratio translates into 80 times as much weight (in metal) to smuggle into silver into the country versus gold, and/or 80 times the space required to smuggle in an equal rupee-value of silver into the country.

What this means is that it is much easier to clamp-down on Indian silver demand via official (fascist) measures than to do so with gold demand. No one in India’s government (or the One Bank) is the least bit concerned about possible silver-smuggling into India.

This also means that import duties alone (and similar measures) can be used to ratchet-down India’s silver imports, while we already know from past experience that this is not a feasible path to shutting down gold imports into that nation. If gold is indeed still the principal target, it would suggest that the bankers have yet another “cunning plan” up their sleeve to attack the Indian gold market, beyond the current rise in import duties.

There is no reason to believe that any future attacks by the One Bank on India’s gold market will be any more successful than their previous schemes. Indeed, schemes to loot India’s gold already date back many years – with still no success, to date. Conversely, what these financial psychopaths find impossible to accomplish with respect to gold may be much easier to achieve with respect to silver.

If the One Bank’s imposition of import duties on silver into India is really all about gold, then this sheds no light on the silver market. Alternately if this new, higher duty is expressly aimed at lowering global silver demand, then this could suggest that the Secret Silver Stockpile is (finally) very near depletion.