Topic: Price Manipulation

The International Energy Agency warns that restoring global oil and gas flows could take six months, a timeline skeptics suggest is an exaggeration intended to scare markets. Reports indicate oil tankers are circling near ports like Rotterdam without unloading, leading to accusations of deliberate price jacking.

Two oil tankers were attacked in the Gulf of Oman, leading to a sharp spike in global oil prices. The US Navy responded to distress calls from the vessels, one of which was carrying chemical products. The incident is compared to themes of market manipulation seen in the television series "Rubicon," with skepticism expressed regarding the official narrative and the timing of the attacks.

CBS News and other outlets have begun reporting on a "dairy cliff," warning that milk prices could spike to $8 per gallon if the Farm Bill is not addressed. The hosts dismiss this as a manufactured crisis designed to distract the public from the actual fiscal cliff and debt ceiling negotiations.

Reports indicate that Germany is demanding the return of physical gold bullion held in U.S. custodial accounts. The hosts discuss the disparity between paper gold and physical assets. They also touch on oil price manipulation, mentioning the "whisper number" of $75 and an upcoming interview with Michael Greenberger.

The hosts discuss the historical precedent for market crashes being triggered by specific regulatory or legal actions, such as the DOJ case against Microsoft. They argue that the "peak oil" narrative was a manufactured scam used to justify price run-ups. The segment concludes that the stock market is fundamentally rigged and manipulated by large financial institutions like Morgan Stanley.