May 27, 2012, 02:14 AM
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Illegalities / silver manipulation
The Commodity Futures Trading Commission (CFTC) has been negligent in failing to terminate the obvious manipulation ongoing in silver. Furthermore, the agency may be complicit in this manipulation. Worse, it has lied to the public and elected officials. This all goes back to the time when Bear Stearns was taken over by JPMorgan in March of 2008. It is well known that Bear Stearns went under as a result of a sudden loss of liquidity amidst a run by creditors and customers. What is not well known is that those problems were greatly exacerbated by a $2 billion margin call on silver and gold short positions from the end of December 2007 to March 2008.
Illegalities | SilverSeek.com
Last edited by jeff of pa; May 27, 2012 at 02:17 AM.
May 27, 2012 02:14 AM
May 27, 2012, 07:56 PM
Old news Jeff and there are a lot more charges piling up but the main reason I believe that there is no response from the CFTC is that they where selected by the Banksters in the first place so it gets swept under the rug so to speak.
JP Morgans Derivatives Market losses are now over $10 Billion and going up and when this Market crashes which it will and Interest Rates go up, the CFTC will have no control of the price of Silver heading UP as there will be no manipulation involved. Keep Stacking.