Metals ETFs a worldwide Ponzi scheme

The CR News Reports© is a copyright publication of Channeled Readings®. The following predictions on COMMODITIES and CURRENCIES were channeled on April 14, 2010 directly from our “Higher Intelligence Source” and not from what we, the Mediums may think, reason, guess, analyze or anticipate from probabilities or trends. These predictions are not based in conspiracy theories or come from a doomsayer’s slant. We provide Survival News Predictions to help you overcome any fear of the future you may have and empower you to prepare for what’s coming . . . Everybody seems to be talking about or buying commodities. Some people are buying them because they think that countries or currencies will default or that there may be a new currency in the world backed by metals. Some are flocking to commodities out of fear. They are nervous about too much national debt and want a hedge for the future. Others are buying commodities because they see people flocking to commodities and driving the prices up. Still others are buying metals and taking delivery, as they are hearing that there may not be as much gold or silver out in the world as people thought. In fact, in our CR News Reports© session from June 18, 2008 on Commodities and Currencies we predicted that “the establishment of the gold and silver ETF’s left the door open for scams and fraud. This report said, “if all contracts were made to produce the actual commodity tomorrow, many buyers would find they are holding worthless pieces of paper.” A recent news story that covered a visit to a bullion bank in Canada, ScotiaMocatta, revealed that the vault was practically empty. Where’s the gold? Where’s the silver? Where’s the Bank of England’s gold? Is there any gold left in Ft. Knox? People buying metals and demanding possession have to wait weeks to get it in some instances. Why? Some have been told that it has to be flown in from another country. Isn’t the product supposed to be under the control of the Custodian of the ETF? Are the buyers of ETF’s really only holding worthless pieces of paper? Are the gold and silver paper futures markets a giant, worldwide Ponzi scheme and what will be the result? … Go ahead with your predictions and commentary…

“We would like to offer this premise. If you don’t physically hold something, you don’t really own it. The metals ETF’s were invented financial instruments to defraud people in the long run. The custodians of these ETF’s are banks. The same banks who defrauded people invented financial instruments like Credit Default Swaps, Derivatives, Mortgage-Backed Securities, Collateralized Debt Obligations, and other toxic instruments.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?