The Importance of The Deutsche Bank Silver Fix Lawsuit Settlement

39
Tue, Oct 18, 2016 - 10:10am

This post is intended to remind you that this case is not about the present and it's not about the $38MM dollars. Instead, the true significance of this lawsuit will be on display over the coming months and years as innumerable new class action lawsuits are filed against The Bullion Banks for their collective role in rigging and manipulating the precious metals markets.

First, some links. Here's the news item from yesterday released by Reuters and a comprehensive write-up from Zerohedge:

  • https://www.reuters.com/article/us-deutsche-bank-settlement-silver-idUSK...
  • https://www.zerohedge.com/news/2016-10-17/deutsche-bank-pays-38-million-...
  • And here are two links from back in April to remind you of the case:

    The typical internet reaction I've seen thus far is this:

    A) This is only $38MM. Where's my money? I've lost a lot of money due to the metals being manipulated but I won't get any of this settlement and, because the dollar amount is so small, neither will anyone else.

    B) This is just another slap on the wrist. A paltry $38MM is a drop in the bucket for Deutschebank and they'll now skate along with the rest of The Banks.

    C) All of the manipulation conspiracy whackos are dead wrong. This case was just a nuisance and Deutschebank only agreed to settle so that the whole thing would just go away. Big corporations do this all the time so move along now. There's nothing to see here.

    AND I'M HERE TO TELL YOU THAT ALL THREE OF THOSE OPINIONS ARE DEAD WRONG.

    The impact and future effects of this case are significant and real. Yes, $38MM is not a lot of money and the settlement will only be disbursed to those few who had participated in the class action. But go back up this page and listen to the interview that I did with The Daily Coin. This is the first time that a settlement has been reached in a precious metals price rigging lawsuit. It's also the first time that a Bank has agreed to turn state's evidence against the other Banks that rig the process. The two items ensure that the case against both HSBS and Scotia is being built and that they will soon be forced to settle, too. Already, a NY judge has allowed the case to proceed into legal discovery (subpoenas, depositions, documents, etc) for the first time ever.

    But the real story will be what comes next...A virtual avalanche of similar class action lawsuits, each alleging price manipulation and multi-million dollar plaintiff losses. Now that DB is "singing" and legal discovery is proceeding in this single case, the floodgates are truly open.

    So think of this from the point of view of a Bullion Bank. Not only are you getting squeezed by tight margins and limited physical supply in London, you're also deeply underwater on most of the Comex futures positions that you've shorted in New York. And now this...An almost endless stream of future lawsuits from investors around the world whom you've cheated and defrauded over the past 20 years! What do you think these Banks are going to do in response? Many to most of them will just simply exit the bullion banking business! Can you even comprehend the monumental change this would represent?

    Of course this is not going to happen over the next few days or weeks. Instead, a process like this will take months to play out which is WHY we felt the need for this post and reminder. Do not get caught up in the headline of just this one settlement and do not allow some Cartel shill to persuade you that this whole thing is meaningless.

    I can assure you that, in the future, when we look back on the rubble of what was "bullion banking", the date of April 13, 2016 will live in infamy. That was the day that the settlement was first announced and it was the day that The Bullion Banks' entire house of cards began to crumble under the weight of accumulated fraud, deceit and lies.

    Hang in there, my friend. We are winning.

    TF

    www.tfmetalsreport.com/subscribe

    About the Author

    Founder
    tfmetalsreport [at] gmail [dot] com ()

      39 Comments

      Refresh
    tvend
    Oct 19, 2016 - 1:19pm

    PUBLIC POST

    Turd I think you should make this a public post.

    This lawsuit is serious information.

    James CrightonAngry Chef
    Oct 19, 2016 - 2:18am

    The Enquirer versus CNN

    Indeed AC - these days The Enquirer is more trustworthy than CNN - no doubt about it whatsoever.

    jc

    Dirt_Reynolds
    Oct 18, 2016 - 10:01pm

    @angry chef

    Re: Rothchild Gold

    Bitcoin has the same problem.

    #keepstacking

    Angry Chef
    Oct 18, 2016 - 8:22pm

    So What Else Is New...

    Agreed. But would you have believed it if it was on Faux News, CNN ( Clinton News Network ), MSNLSD ?

    The Clinton/Bush Crime Family has to go. Now what to replace it with is the issue.

    AGAUDyna mo hum
    Oct 18, 2016 - 7:36pm

    Hillary fixer etc

    Whoops almost wasted my time reading that, until I spotted the source - National enquirer - give me a break same shit as the the daily mail or Express in the uk

    Dyna mo hum
    Oct 18, 2016 - 5:24pm
    James CrightonAngry Chef
    Oct 18, 2016 - 4:33pm

    AngryChef - 3:30pm post

    Angry C - you leave one essential detail out - that gold the Rottenchilds have has been dishonestly aquired - and the enraged public will be fully within their rights to claim every single ounce back - and they will my friend - oh how they will - in a most unfriendly fashion...................................................

    jc (dreaming happy thoughts on the banks)

    AlienEyes
    Oct 18, 2016 - 4:17pm

    It Ain't Over

    Watch your step folks.

    IF a reset is in the cards, you can bet the crooked governments will NOT be going after the Rothschilds to get their gold. After all, they are partners.

    Going after OUR gold is a completely different matter. Until the Rottenchilds are all taking dirt naps, nothing will change. It's what they do.

    Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

    Oct 18, 2016 - 3:36pm

    Great article Craig.And also

    Great article Craig. Much appreciated.

    And also thx to CaL ( et al) for the detailed responses.

    Angry Chef
    Oct 18, 2016 - 3:30pm

    Rothchild Gold

    When Bob Chapman was alive he was quoted as saying that the Rothchild's were the largest private holders of Gold on the planet. His estimates put it between 24%-26% of the above ground Gold supply. This is why I contend that the day we return to "honest money" we need to be careful. These banksters have been around since Babylon. Are we just going to hand them the keys to the next 100 years by finally going back to a Gold standard ?

    Let's face it. They created the "fiat" money system. They know it's a ruse. It's not real. It's all fake. And in the meantime they buy up all the Gold/Silver. Prime Real estate. Art. Oil. Water etc.... All paid for by the people thru "usury". So when the collapse does eventually arrive. And you're friends and family are all starving. Be careful what the Devil offers as a solution.

    And whatever you do...don't get on the train.

    Subscribe or login to read all comments.

    Become member and subscribe to Turd's Vault

    Contribute

    Donate Shop

    Get Your Subscriber Benefits

    Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

    Key Economic Events Week of 3/1

    3/1 9:45 ET Markit Manu PMI
    3/2 10:00 ET ISM Manu PMI
    3/2 1:00 ET Goon Brainard
    3/3 9:45 ET Markit Service PMI
    3/3 10:00 ET ISM Service PMI
    3/3 12:00 ET Goon Bostic
    3/3 2:00 ET Goon Evans
    3/4 8:30 ET Unit Labor Costs
    3/4 10:00 ET Factory Orders
    3/4 12:00 ET Chief Goon Powell
    3/5 8:30 ET BLSBS

    Key Economic Events Week of 2/22

    2/22 10:00 ET LEIII
    2/23 9:00 ET Case-Shiller home prices
    2/23 10:00 ET CGP at US Senate
    2/24 10:00 ET CGP at US House
    2/24 1:00 ET Goon Chlamydia speech
    2/25 8:30 ET Jobless claims
    2/25 8:30 ET Durable goods
    2/25 10:30 ET Goon Bullard
    2/26 8:30 ET Pers Inc and Spending
    2/26 8:30 ET Core inflation
    2/26 9:45 ET Chicago PMI
    2/26 10:00 ET UMich sentiment

    Key Economic Events Week of 2/15

    2/17 8:30 ET Retail Sales
    2/17 8:30 ET PPI
    2/17 9:15 ET Cap Ute and Ind Prod
    2/17 10:00 ET Business Inventories
    2/17 2:00 ET January FOMC minutes
    2/18 8:30 ET Initial jobless claims
    2/18 8:30 ET Import price index
    2/18 8:30 ET Philly Fed
    2/19 9:45 ET Markit Feb flash PMIs

    Key Economic Events Week of 2/8

    2/8 12:00 ET Goon Mester speech
    2/9 10:00 ET JOLTS job openings
    2/10 8:30 ET CPI
    2/10 10:00 ET Wholesale Inventories
    2/10 2:00 ET Chief Goon Powell speech
    2/11 8:30 ET Initial jobless claims
    2/12 10:00 ET Consumer sentiment

    Key Economic Events Week of 2/1

    2/1 9:45 ET Markit Manu PMI
    2/1 10:00 ET ISM Manu PMI
    2/3 8:15 ET ADP employment report
    2/3 9:45 ET Markit service PMI
    2/3 10:00 ET ISM service PMI
    2/4 8:30 ET Productivity & Unit Labor Costs
    2/4 10:00 ET Factory orders
    2/5 8:30 ET BLSBS

    Key Economic Events Week of 1/25

    1/26 10:00 ET Consumer Confidence
    1/26 1:30 ET Comex option expiration
    1/27 8:30 ET Durable Goods
    1/27 2:00 ET FOMC Fedlines
    1/27 2:30 ET Chief Goon Powell presser
    1/28 8:30 ET Q4 GDP first guess
    1/29 8:30 ET Personal Income and Spending
    1/29 9:45 ET Chicago PMI

    Key Economic Events Week of 1/18

    1/19 10:00 ET Mother for SecTreas hearing
    1/20 12:00 ET POTUS Inauguration
    1/21 ECB meeting and rate decision
    1/21 8:30 ET Housing Starts
    1/21 8:30 ET Philly Fed
    1/22 9:45 ET Markit flash PMIs (Jan)

    Key Economic Events Week of 1/11

    1/11 12:00 ET Goon Bostic speech
    1/12 10:00 ET JOLTS job openings
    1/13 8:30 ET CPI
    1/13 1:00 ET Goon Brainard speech
    1/13 2:00 ET Beige Book
    1/14 8:30 ET Import price index
    1/14 12:30 ET Chief Goon Powell
    1/15 8:30 ET Retail Sales
    1/15 8:30 ET PPI
    1/15 9:15 ET Cap Ute and Ind Prod
    1/15 10:00 ET Business Inventories

    Key Economic Events Week of 1/4

    1/4 9:45 ET Markit manu PMI
    1/4 10:00 ET Construction Spending
    1/5 Georgia U.S. Senate election
    1/5 10:00 ET ISM manu PMI
    1/6 US election certification
    1/6 8:15 ET ADP Employment Report
    1/6 9:45 ET Markit service PMI
    1/6 10:00 ET Factory Orders
    1/6 2:00 ET December FOMC minutes
    1/7 8:30 ET Trade Deficit
    1/7 10:00 ET ISM service PMI
    1/8 8:30 ET BLSBS
    1/8 8:30 ET Wholesale Inventories

    Key Economic Events Week of 12/21

    12/21 8:30 ET Chicago Fed
    12/22 8:30 ET Q3 GDP final guess
    12/22 10:00 ET Consumer Confidence
    12/23 8:30 ET Durable Goods
    12/23 8:30 ET Personal Inc and Spending
    12/23 8:30 ET Core Inflation

    Recent Comments

    Forum Discussion

    by Solsson, 10 hours 12 min ago
    by UncleFester, Mar 1, 2021 - 2:01pm
    by Pete, Feb 28, 2021 - 5:17pm
    by Solsson, Feb 28, 2021 - 10:58am
    by argentus maximus, Feb 28, 2021 - 8:22am