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Wow! It just gets better and BETTER!
Seriously, BLATANT manipulation of the Precious Metals Market. Details provided to the CFTC in ADVANCE, and NO ACTION TAKEN.
What else do you NEED TO KNOW about our financial system Folks?
This ain't me "SAYING it's SO".
How many more RED FLAGS do you need to, as they say, "GET YOUR BULLION-ON"?
Freaking CRAZY, no check that, INSANE! (Because you'd have to be INSANE not to understand what's going on.)
Anyway, rant off, on with the show...
http://jessescrossroadscafe.blogspot...s-forward.html
25 March 2010
Whistleblower Speaks Out On J. P. Morgan's Market Manipulation - Reports Violations to the CFTC
Do we have another Harry Markopolos here, describing in detail the manipulation of the gold market by J.P. Morgan to the CFTC? How does this square with the testimony today from the CFTC Commissioners, who seem to indicate that the markets are functioning extremely well, and that investor can have full confidence in them?
I am led to understand that Mr. McGuire had offered to testify before the CFTC today, and that he was refused admittance. I do not know him, or the position he is in within the trading community. I cannot therefore assess his credibility or the validity of any evidence which he may present or possess. But I have the feeling that nothing will come of this.
Remember, there was no action on the Madoff scandal until AFTER his fraud collapsed, and the government was forced to acknowledge Markopolos' existence. He had been ignored and dismissed by the bureaucrats at the SEC for years because of Madoff's power and standing with the trading establishment. And of course by those who had an interest in hiding Madoff's scheme, if nothing else, to promote 'confidence' in the markets.
I was trying to understand why this item struck me so hard this evening. It shocked me in a way that few things do anymore. I think it is because I had unconsciously come to the same conclusion earlier, on my own, in the post where I showed the repeated and obvious bear raids into this option expiration, and it struck a resonant chord. I refused to believe it, but apparently there it is.
This is much, much bigger than the Madoff scandal if true. This is no domestic scandal. This affects the reserves and industries and savings of other nations. Frankly, I do not expect the facts on this to ever reach the light of day in my lifetime. The implications are far too political.
Seriously, BLATANT manipulation of the Precious Metals Market. Details provided to the CFTC in ADVANCE, and NO ACTION TAKEN.
What else do you NEED TO KNOW about our financial system Folks?
This ain't me "SAYING it's SO".
How many more RED FLAGS do you need to, as they say, "GET YOUR BULLION-ON"?
Freaking CRAZY, no check that, INSANE! (Because you'd have to be INSANE not to understand what's going on.)
Anyway, rant off, on with the show...
http://jessescrossroadscafe.blogspot...s-forward.html
25 March 2010
Whistleblower Speaks Out On J. P. Morgan's Market Manipulation - Reports Violations to the CFTC
Do we have another Harry Markopolos here, describing in detail the manipulation of the gold market by J.P. Morgan to the CFTC? How does this square with the testimony today from the CFTC Commissioners, who seem to indicate that the markets are functioning extremely well, and that investor can have full confidence in them?
I am led to understand that Mr. McGuire had offered to testify before the CFTC today, and that he was refused admittance. I do not know him, or the position he is in within the trading community. I cannot therefore assess his credibility or the validity of any evidence which he may present or possess. But I have the feeling that nothing will come of this.
Remember, there was no action on the Madoff scandal until AFTER his fraud collapsed, and the government was forced to acknowledge Markopolos' existence. He had been ignored and dismissed by the bureaucrats at the SEC for years because of Madoff's power and standing with the trading establishment. And of course by those who had an interest in hiding Madoff's scheme, if nothing else, to promote 'confidence' in the markets.
I was trying to understand why this item struck me so hard this evening. It shocked me in a way that few things do anymore. I think it is because I had unconsciously come to the same conclusion earlier, on my own, in the post where I showed the repeated and obvious bear raids into this option expiration, and it struck a resonant chord. I refused to believe it, but apparently there it is.
This is much, much bigger than the Madoff scandal if true. This is no domestic scandal. This affects the reserves and industries and savings of other nations. Frankly, I do not expect the facts on this to ever reach the light of day in my lifetime. The implications are far too political.
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