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Glyn G
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A Shocking Allegation From Andrew Maguire: CFTC Must Respond Publicly, Or Answer To Congress

- Jesse - Le Café Américain

Do we really need more evidence? Co-ordinated computer trading attacks in the middle of the night. Falling PM prices despite unprecedented money printing and insatiable physical demand. Manipulation in the PM markets is no longer talked about as an idea promoted by a lunatic fringe. Many mainstream commentators now seem to grudgingly accept that it is likely...especially in the wake of LIBOR fixing and heavily propagandised GDP, inflation and unemployment figures.

The point is what will happen next? Even if irrefutable evidence emerges, that the markets are rigged with the full blessing of the Fed, the Bank of England and their respective governments, I suspect that (much like Nixon telling the world they could no longer claim gold in return for dollars...) the US government will simply fold its arms and say 'So what? What are you going to do about it?' Or they'll claim that 'extraordinary measures' were needed to protect global financial institutions from disaster and it was all done in the name of national security.

Regardless, whichever line they take their excuses will be irrelevant. They've gambled away the family silver and gold. When fractional reserve banking and the derivatives house of paper finally buckles under its own weight, and we're wondering where all the wealth went, we'll look east, and finally notice the Chinese dragon smiling contentedly on a gigantic pile of gold!

Commented 3864 days ago

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Beginning of the headline :Andrew Maguire, a British national who had testified before the CFTC in a public forum about the manipulation of silver a few years ago, has leveled a serious charge against the bank JP Morgan and the CFTC. Maguire says that he knows that two JPM employees have come forward as whistle blowers, and have sought legal aid and protection, alleging that they have testimony and evidence that J P Morgan has willfully manipulated the gold and silver markets. I do not know Andrew Maguire. I do not kn... Read More

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