According to the plaintiffs,
records surrendered by Deutsche Bank show traders and submitters
coordinating trades in advance of a daily phone call, manipulating the
spot market for silver, conspiring to fix the spread on silver offered
to customers and using illegal strategies to rig prices.
“Plaintiffs are now able to plead
with direct, ‘smoking gun’ evidence,’ including secret electronic chats
involving silver traders and submitters across a number of financial
institutions, a multi-year, well-coordinated and wide-ranging conspiracy
to rig the prices,” the plaintiffs said in their filing. The new scheme
“far surpasses the conspiracy alleged earlier.” –
Bloomberg.com, December 7, 2016
Anyone who denies that gold and silver are manipulated either has not
spent time examining the evidence or is financially incentivized to
refute all allegations. In other words, they are either ignorant or
willfully corrupt. This includes the entire universe of politically
corrupt western Central Bankers and professionally criminal Wall Street
bankers. But first and foremost it includes all three branches of
Government.
Traders discussing on recorded lines ways in which to rig the silver
market? Imagine that. Lost in the smoke of the latest revelations about
the big bank silver market manipulation is the fact that Andrew Maguire
presented evidence of this at JP Morgan over six years ago. Perhaps the
most shocking aspect about the latest revelations is that JP Morgan was
not cited in the Deutsche Bank court filings.
Although summarily dismissed by the Commodity Futures Trading
Commission and mainstream financial conspiracy, JP Morgan has been the
“ring leader” in the silver market manipulation scheme for years.
The latest revelations will never be accepted as truth until CNN or
CNBC reports on them to “verify” for the zombie masses that the big
banks are indeed corrupt beyond the imagination of “conspiracy
theorists.” It will be interesting to see if this will lead to RICO
prosecution, which it should:
RICO law refers to the
prosecution and defense of individuals who engage in organized crime. In
1970, Congress passed the Racketeer Influenced and Corrupt
Organizations (RICO) Act in an effort to combat Mafia groups. Since that
time, the law has been expanded and used to go after a variety of
organizations, from corrupt police departments to motorcycle gangs. RICO
law should not be thought of as a way to punish the commission of an
isolated criminal act. Rather, the law establishes severe consequences
for those who engage in a pattern of wrongdoing as a member of a
criminal enterprise
The threat of RICO was used to pry open the truth at Drexel Burnham
in order to bring down what was, at the time, one of the biggest – if
not the biggest – financial market corruption schemes in U.S. history.
The latest revelations are hard evidence that GATA has been right
since 1998, when it was founded by Bill “Midas” Murphy and Chris Powell
in order to document and expose the gold and silver market manipulation
for the world to see. GATA’s evidence has been written off for over a
decade as “conspiracy theory.” Now it is confirmed conspiracy truth. In
fact, Murphy was banned as a guest on CNBC after he discussed gold
market manipulation.
“Fake news?” Hardly. Proof is now in court documents. In today’s
episode of the Shadow of Truth, we discuss the latest court documented
evidence which confirms that silver market manipulation is standard
operating procedure at the big banks who are supported by the taxpayers:
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Dave Kranzler spent many years working in various Wall Street jobs. After business school, he traded junk bonds for a large bank. He has an MBA from the University of Chicago, with a concentration in accounting and finance, and graduated Oberlin College with majors in Economics and English. Dave has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. Currently he co-manages a precious metals and mining stock investment fund in Denver and publishes the Mining Stock and Short Seller Journals. Contact Dave at dkranzler62@gmail.com.
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
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The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
