“perhaps 60,000 tons of allocated, segregated gold have been improperly used by the cartel to settle Asian margin calls!” – Jim Willie
Harvey Organ: On Thursday afternoon I sent an email to Bart Chilton warning him that a raid was imminent in both silver and gold. Gold was up $32.00 and silver was up a huge 90 cents on Thursday, yet all of the major gold/silver equities like Barrick, Agnico Eagle, Newmont, Eldorado etc were down in price for the day. This is a sure sign that our bankers decided to coordinate activities with respect to a raid on our precious metals the following day. And that is exactly what the crooks did. Continue reading
LIBOR Banks Are a ‘Cartel in Restraint of Trade‘
August 8, 2012
Der Spiegel reported on Aug. 3, from law enforcement and regulatory sources in Germany, that EU and German regulators, including BaFin, are concluding that there was systemic rigging for profit, by major banks, of the immense global interest-rate-swap/foreign-exchange-swap derivatives market. A shorter NYT “DealBook” piece Aug. 5 reports essentially the same thing, and both stress that bank managements are now cooperating, “investigating”, and fingering each other. “I’ve only seen this kind of behavior before in connection with the mafia,” one regulator is quoted by Spiegel.
“The USFed, Bank of England, and Euro Central Bank are directly implicated, casting corrupt light on the central bank franchise system. (…) Leave aside the difficult questions as to why and how the LIBOR fraud was revealed, and why and how the crime was not shoved under the rug as usual, and what higher power is controlling and orchestrating the maneuvers. LIBOR and Barclays lie at the heart of the Western banking cartel and power structure, labeled corrupt to the core. The big banker brush fire has begun. It is raging…” – Jim Willie (1)
“Since 1994, the mythical Strong Dollar Policy had necessitated a two prong strategy: that of keeping rates low because weak currencies are typified by high interest rates; and the price of gold must be suppressed as it stands as an historical alternative settlement currency – and they don’t want the alternative to appear “strong”. (…) Libor – or the London Inter-Bank Offered Rate – is one of the lynch pins in setting [rigging] global U.S. Dollar interest rates. (…) It has EVERYTHING to do with making the American Dollar look viable as the world’s reserve currency.” – Rob Kirby (2)
“Does this mean that the US and UK financial systems can only be kept afloat by fraud that harms purchasers of interest rate swaps, which include municipalities advised by sellers of interest rate swaps, and those with saving accounts? The answer is yes…” – Paul Craig Roberts, Former U.S. Assistant Secretary of the Treasury for Economic Policy (3)
Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship?
Antitrust violations, wire fraud, bid-rigging, and price-fixing
by Ellen Brown
At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants are being called that and worse, not just in the major media but in court documents intended to prove the allegations as facts. Charges include racketeering (organized crime under the U.S. Racketeer Influenced and Corrupt Organizations Act or RICO), antitrust violations, wire fraud, bid-rigging, and price-fixing. Damning charges have already been proven, and major damages and penalties assessed. Conspiracy theory has become established fact.
“Daniel Estulin, author of “The True Story of the Bilderberg Group,” contends people should care because the idea behind each and every Bilderberg meeting “is to create what they themselves call the aristocracy of purpose between European and North American elites on the best way to manage the planet.”
“In other words, the creation of a global network of giant cartels, more powerful than any nation on Earth, destined to control the necessities of life of the rest of humanity.” (1)
“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.” David Rockefeller, Bilderberg member
“We live in a world that seems to have abandoned
the concept of savings and investment
as the source of real wealth and economic growth.”
“Control of the world’s economy has been placed
in the hands of a banking cartel,
which holds great danger for all of us.”
GATA Chairman Bill Murphy was interviewed today for about 20 minutes by Lauren Lyster on the cable television network Russia Today’s “Capital Account” program. There’s a reason why the subject — gold market manipulation — can be discussed only in non-Western news media, and the continuing interest shown in it by Russia Today, a creation of the Russia government, suggests that governments not part of the market rigging have long figured it out. CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
“FAT FINGER??? When a real fat finger occurred in the US Stock market, CNBC covered it upside down and backwards for hours and hours. Not one of the Muppets mentioned such an occurrence in the gold market yesterday. Continue reading
”Apparently any cartel shenanigans conducted during electronic trading is free game and goes unreported by the regulating agencies.”
637.5 million ounces
Paper Silver Dumped
in 1 hour
after FED Minutes released
April 4, 2012
On the now infamous Ron Paul/ Bernanke silver raid of February 29th, we documented how 225 million ounces of silver were dumped on the market over a span of only 30 minutes, smashing silver $4 from $37.62 to $33.68.
In a sign of the diminishing returns of paper market manipulation, on the heels of today’s Fed minutes disappointment, beginning at 2pm EST, over 127,000 contracts, or 637.535 MILLION OUNCES OF PAPER SILVER were dumped on the market in only 1 hour, resulting in a massive silver decline of…. $0.65.
You read that correctly.
…Jim Willie has given a great commentary and he echoes what I have been telling you for the past 6 years.
Jim Willie: ”The opponents to fraudulent controlled manipulated markets have emerged in force to respond. They fight from the East. They fight for a fair and equitable market. They are poking holes in the floor of the syndicate helm where legs fall through. Demand for the gold core has become acute with pitched battles. The financial presss reports none of it. Continue reading
…the scale of the selling and size of the price falls was unusual. Respected analysts such as legendary Jim Sinclair, John Embry and Jean-Marie Eveillard suggested that the sell off was due to manipulation by bullion banks. Continue reading