Uncategorized

How the Ruling Elite Play the Naive for Chumps: Gold and Silver Manipulation

For over a decade now, allegations of JP Morgan manipulating the price of paper silver have persisted only to have Jamie Dimon and Blythe Masters firmly deny every allegation. In recent years, CFTC Commissioner Bart Chilton had also publicly stated his frustration with manipulation of silver prices, though he was always very careful never to name JP Morgan as the culprit. Still, Chilton made some damning accusations in regards to silver manipulation,

“For me, there’s not been a more frustrating nor disappointing non-policy-related matter at the CFTC”; and

“But when people email me and say, ‘You watch the market (silver) between 9:15 and 9:45 tomorrow and it’s going to tank or it’s going to do this or it’s going to do that.’ I hold on to it and I watch the market and what they say happens, and I’m not saying this always happens, but it happens even 50% of the time, 60% of the time, there’s no way that doesn’t raise my antenna, like major, electric antenna goes up.”

“So to me that was the reason why I thought we needed to look at this (silver), investigate it. That’s why I called for it, Commissioner Dunn also called for the investigation, but I can tell you based on what I have been told by members of the public and reviewed in publicly available documents, I believe that there’s been violations of the law, The Commodity Exchange Act. They’ve taken place in the silver market and I think any such violation, of course, should be prosecuted to the full extent of the law. I believe there have been repeated attempts to influence prices in the silver market. And there’s been fraudulent efforts to persuade and deviously control the price.”

However, when Mr. Chilton continuously made statements such as these for a year and no efforts were ever made by his employer, the Commodities Futures Trading Commission, to reign in JP Morgan’s alleged unethical and illegal silver manipulation, I quickly gave up hope that Mr. Chilton would change anything, even though many held on to the false hope that Mr. Chilton provided. In the end, four years later after stating my skepticism that Mr. Chilton was nothing but a pawn for the banking establishment to appease angry investors that had overwhelming evidence of massive silver manipulation, my concerns were proven to be justified. In September of 2013, the CFTC announced that it had “closed the investigation that was publicly confirmed in September 2008 concerning silver markets” without any findings of manipulation and without any penalties for any JP Morgan or any other manipulative bullion bank employees. Furthermore, Mr. Chilton, who had promised a statement about silver manipulation if the CFTC failed to act by the end of September 2013, remained silent and did not release any statement as he had promised even though the CFTC shuttered their bogus investigation.

Without ever blowing the whistle on silver manipulators as promised, Mr. Chilton handed in his resignation to Obama this past November 5th. As we always say around here, depending on any government agency to rout out evil and instill truth is a forever hopeless endeavor. It’s time we all stopped “hoping” and all started “acting” on the information we know to be true if we want real sustainable change for the good of all humanity to happen as those that had placed all their “hopes” on Mr. Chilton to fix the gold and silver price manipulation are left five years down the road with no positive change at all in the dysfunctional criminal futures markets.

One thought on “How the Ruling Elite Play the Naive for Chumps: Gold and Silver Manipulation

Leave a Reply

Your email address will not be published.

Back to top