CFTC Confirms Its Complicity

173
Wed, Sep 25, 2013 - 12:37pm

In what can't be termed a surprise, Reuters reports today that the CFTC is prepared to close it's silver investigation.

In the end, why should this surprise anyone? They've covered up the manipulation for five years. If they were to act now, they would be opening themselves to liability based upon their inaction. All they can do now is cover up and hope that the entire issue slips away into irrelevance.

The institutions of government are hopelessly corrupt. I believe fear know now that we are too far down the path of tyranny and corporate fascism to ever be rescued.

TF

From Reuters: https://www.reuters.com/article/2013/09/25/us-cftc-silver-idUSBRE98O0SR20130925

The U.S. Commodity Futures Trading Commission on Wednesday said it has closed its long-running investigation into complaints about manipulation in the silver markets, and is not recommending charges.
The CFTC publicly confirmed the probe in September 2008. At the time, the agency had received complaints about whether the silver futures contracts traded on the Commodity Exchange Inc (COMEX) were being manipulated.
"Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets," the CFTC said in a statement.

The full CFTC statement is here: https://www.cftc.gov/PressRoom/PressReleases/pr6709-13

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  173 Comments

hsofiak
Sep 25, 2013 - 1:10pm

Only because the price went up ....

Orange
Sep 25, 2013 - 1:12pm

That's not how it happened

I was contacted by a guy who had previously been contacted by the first potential whistleblower. I simply passed along Andy's email and the whistleblower contacted Andy directly. I never had any direct contact with him nor did I ever hear what his "evidence" was. After hearing what the guy intended to do, Andy immediately sent him to the law firm in DC so that he could get legal protection.

The second guy that Andy's been referencing is something completely different and something with which I had no involvement.

SilverRunNW
Sep 25, 2013 - 1:13pm

Senate Vote

Did the Senate just surpass the required 60 votes to move the bill along to pass the spending bill and defund the health care law?

Now it's well over 60! I guess C-SPAN is good for something.

brolgaboy
Sep 25, 2013 - 1:16pm

interviewd witnesses

question is "what didn't they witness?"

think about it!

Sep 25, 2013 - 1:20pm

This is fun

From the full statement found here: https://www.cftc.gov/PressRoom/PressReleases/pr6709-13

The Division of Enforcement takes complaints it receives seriously. The Division will not hesitate to use its authority, including new manipulation authority in the Dodd-Frank Act, to bring market manipulation charges as supported by the evidence.

If you have information about a violation of the Commodity Exchange Act or Commission regulations, you may either file a tip or complaint under our whistleblower program, or report such violations or other suspicious activities or transactions to our Division of Enforcement. The CFTC will pay awards to eligible whistleblowers who voluntarily provide us with original information about violations of the Commodity Exchange Act that lead us to bring an enforcement action that results in more than $1 million in monetary sanctions.

Urban Roman
Sep 25, 2013 - 1:23pm

This law firm in DC ...

the one that "takes care of" whistleblowers?

Does anyone know if the two individuals ever left the law office?

wildstylechef
Sep 25, 2013 - 1:24pm

The evedence is clearly there

After Andrews releasing his newest evidence of proof that gold and silver have been manipulated and then waiting for it to hit the mainstream news and seeing nothing. Not even a mention with the only main new source coverage coming out of a German news paper and then a semi independent article that was widely quoted, disappearing off the map with a 404 to replace it. Made it obvious that the legal dogs have been let loose. Here is a question for you Turd has anyone been set upon by the JPM lawyers to retract the article? My thoughts are that only a collapse or a default will bring forth the truth and even then we will be waist deep in the brown and the US dollar will be finished and the remnibi will be the reserve currency

Good watching of that on BNN here in Canada https://watch.bnn.ca/#clip1009396

looks as the Gold is leting loose and have for febirnachi has been a huge influence , we have to get above 1336

Urban Roman
Sep 25, 2013 - 1:27pm

Rumor always had it that

Rumor always had it that Whistleblower #1 had fled to China.

I don't know anything about the circumstances of Whistleblower #2.

AlienEyes
Sep 25, 2013 - 1:32pm

cockroaches

"The brighter the light, the fewer the cockroaches."

tmosley
Sep 25, 2013 - 1:34pm

Better get on the phone with

Better get on the phone with Andy.

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