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The JP Morgan Mystery

- Andy Hoffman - Miles Franklin

"JP Morgan is no longer an independent entity; but instead, a “quasi-government agency” – as ominously, Fannie Mae and Freddie Mac were deemed before being nationalized in 2008..."
Fannie and Freddie were from day 1 government agencies, created by FDR.

"It {JPM} secretly owns part of the Fed..."
Andy knows this because Jamie Dimon told him. i know this because Jamie told me he told Andy.

"...nations like France and Germany – where hyperinflations occurred not so long ago."
The last hyperinflation in France occurred more than 200 years ago.

"JP Morgan is acting in its role as the “Fed’s bank” to suppress precious metal prices under the auspices of the aforementioned “strong dollar policy”; you know, the one that has led to RECORD inflation and debt, and a near RECORD low against even the lowly Euro."
The notion that America is experiencing RECORD inflation is patently false. One need only go back to the end of the 70s, start of the 80s to see just what utter balderdash that claim is. And the dollar against the Euro claim is a bigger falsehood. At its true low, the Euro was worth 81 cents. Today it sits at $1.34. The "lowly Euro" is actually the currency with the second greatest purchasing power out there.

"Simultaneously, it was reported that a massive fire may have occurred in or near JP Morgan’s secretive Wall Street gold vault – which may or may not have been used to house a portion of the infamous German custodial gold..."
It is well known that while the fire occurred in the old JPMorgan building, JPM had none of their operations housed there. And the German gold was stored with the NY Fed, not JPM.

i could go on pointing out other factually false claims made by the Pinocchio Award winning author, but what is the point? Andy is what he has always been: an utterly shameless shill for Miles Franklin. As such, he does far more harm than good to the precious metals community. There are excellent reasons to own gold and silver. There is no reason whatsoever to resort to half truths and outright falsehoods to build the case. His antics may play well with the already committed precious metal investor who is looking for reinforcement and does not get bothered by all the falsehoods in his work, but for anyone thinking of getting in, his work would send them elsewhere and it would do so quickly.

Commented 3900 days ago

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Beginning of the headline :Over the past decade, “shadow worlders” have spoken of JP Morgan so ubiquitously in the context of market manipulation, its true role is at times obscured within anti-establishment babble. Actually, Goldman Sachs was the key figure in the early days of the Cartel’s current incarnation – no doubt, because the ambiguous “strong dollar policy” that governs its actions was established by Robert Rubin, upon leaving his long-time post as Goldman CEO to become Treasury Secretary in 1995. However, whe... Read More

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