Abject Corruption

Please be sure to read this free, public post.

40
Tue, Sep 17, 2019 - 10:22pm

By now, you've heard of the indictment of three, key JP Morgan employees and the charges of precious metals market manipulation. Well, I've just unearthed a nugget that will leave you speechless.

If you've been around here for a while, you'll recall my secondary role in 2012 of assisting Andrew Maguire in his quest to end the Banks' ongoing gold and silver price manipulation. Though Andy had direct evidence from two whistleblowers inside JPM...and though this evidence was officially and legally summarized and submitted to the CFTC in August of 2012...the CFTC sat on the case. Their official "silver manipulation investigation" had dragged on to its fourth year and no end was in sight.

Then, in September of 2013, the CFTC suddenly closed the investigation and declared that there was "no viable basis to bring an enforcement action". See this: https://www.cftc.gov/PressRoom/PressReleases/pr6709-13

The timing of this was suspect because just one day before, Andrew Maguire had appeared on The Keiser Report to disclose the information that the CFTC was seemingly ignoring. The video is below. The TFMR link posted the next day is here: https://www.tfmetalsreport.com/blog/5087/am-mk

OK, so let's get back to that CFTC press release from the day they suddenly closed the investigation. Note that the investigation was handled by the CFTC's Division of Enforcement:

During the investigation, the head of the CTFC's Division of Enforcement was a man named David Meister. In a curious development, Mr. Meister quit the CFTC just one week after the silver investigation was closed. https://www.cftc.gov/PressRoom/PressReleases/pr6735-13

But there were no worries for Mr. Meister as he soon landed on his feet at the law firm of Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates. https://www.skadden.com

And so NOW is where we bring all of this full circle...

Please see this CNN summary of the DoJ indictments of Monday: https://www.cnn.com/2019/09/16/investing/jpmorgan-precious-metals-price-...

Did you catch it? If not, here's the excerpt you need to see:

So, in summary...

  1. The Enforcement Division of the CFTC runs a five-year investigation into silver price manipulation, only to immediately close the investigation once presented with irrefutable whistleblower evidence of said manipulation.
  2. The head of the Enforcement Division, David Meister, quits the CFTC within a week of closing this investigation.
  3. Meister then takes a job with Washington law firm, Skadden LLP.
  4. Skadden LLP has been retained by Michael Nowak, former head of the JPMorgan precious metals desk, as his defense attorneys. The lead attorney defending Nowak is David Meister.

And there you have it. Abject corruption that is in your face and undeniable with another case of the Financial-Political Complex protecting its own.

TF

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turd [at] tfmetalsreport [dot] com ()

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silverseekerAGXIIK
Sep 19, 2019 - 8:39am

I'm In

AGXIIK,

I came over for Craig's latest article here; another fine example of his continued efforts; for which I just subscribed; finally to TFMR! My last post was in 2011!!!

Seeing your post here, and missing your contributions over at silverdoctors; I finally had to join this forum. In your post above, I can say you continue to personify and crystalize the reasons why Craig and so many of us continue to place our wealth in the metals.

With this latest example of the corrupt protecting their own; I wonder aloud; what can we DO at this juncture, beyond commiserate and holding our positions; given the vast evidence of this banker and institutional corruption?

History holds the answer to this question... they are never going to stop and yet must be stopped.

Bill Murphy and Chris Powell @ GATA continue the fight, Craig here, the folks at silverdoctors... and a few handfuls of other dedicated folks for whom I thank for their continued communications.

zenharmonics
Sep 18, 2019 - 8:54pm

Don't forget what Bart said

Bart's last interview said that the CFTC had great cases and of those great cases, 25% went to the DOJ and of those 25% and the DOJ sat on the cases. This was Eric Holder's DOJ not the new blood of today at the DOJ. Makes me want to vote for Trump. As far as the former CFTC enforcement division lawyer. It would be worse if he entered a regulatory function after the fact rather than before yet, the fact he quit before the silver investigation is very very suspect. To me, it helps explain why most of those 15K comment letters to the CFTC were set to autodelete. The Three Musketeers I call them Meister, O"Malia and Wetjen. Meister (defending RICO PM manipulators), O'Malia (ISDA International Swaps and Derivatives Assoc head) Wetjen (DTCC head). All signed off on closing the silver investigation at the CFTC. Talk about power.

WTHarvey
Sep 18, 2019 - 4:25pm

SGDM

Sprott mining ETF had a volume of 1.2M where the average daily is 77k.

Gasivs Buttox
Sep 18, 2019 - 11:32am

Just watched MSM display missile fragments

presumably from the attack on the SA facility.

Despite the huge fires caused by these explosives, one could readily see the color and continuity (fins, etc) in rocket fragments. I have difficulty with that.

My first guess remains that this 'attack' was something the Saudis did themselves but no one will ever prove it. Instead, the world now takes one more step toward the next world war.

Hooray for our side!!!

MoneyMetalsAGXIIK
Sep 18, 2019 - 11:02am

Legal Service

Nice post - thank you. You wrote "There's even a legal service to help people get some relief from the PM rigging losses." We get asked a lot about that - can you share some contact information for this firm?

zman
Sep 18, 2019 - 10:49am

Manipulating the precious metals futures or price suppression?

https://www.nbcnews.com/news/us-news/justice-department-charges-three-tr...

As far as I can see, these are charges are for manipulating the trading prices for the metals, it has nothing to do with price suppression. They are being charged for manipulating on BOTH sides of the trade, sells and buys.

Bottom line, there's no charges or evidence for long term price suppression. Just because there's evidence for trading manipulation, you can't go one step further and conclude long term price suppression, that's called a fallacious argument.

Three other traders have already pleaded guilty in this case.

Angry Cheflakedweller2
Sep 18, 2019 - 10:45am

I think it Was 1933...

... Not 2007 and 2008. Between 1913-1933 the US Government went broke and had American citizens recapitalize the Treasury with Gold & Silver. This became the basis of the ESF. The years 2007-2008 was just a practice run for the next phase of the pillage.

Remember the old saying..." It takes a village of Banksters to pillage a Country ".

Joseph WarrenWinder
Sep 18, 2019 - 10:41am

Re: indictments

My guess is that they make a show of catching a few little fish, to divert attention from the fact that the whole pond has been poisoned.

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

lakedweller2
Sep 18, 2019 - 9:55am

Intensity and Drama

”What is going on?” “No one saw it coming” “Someone needs to explain this”. “Look to the Fed”.

Above comments from MSNBS this AM.

Maybe this will help: The Fed has tried to make the “transfer of wealth” happen since 1913. Thanks to algos and computers, they made it happen in 2007 and 2008. The total package is premeditated fraud, outright theft and political corruption.

They saw it coming because they made it happen through bribes, deregulation and Fascist control (Politicians and Corporations) of the Federal Government and Media.

Call them out and quit rationalizing for Criminals.

mavens
Sep 18, 2019 - 9:38am

Thanks Craig...

We all kinda knew it had to be something as simple as all out 110% collusion between the banks and the feds. Now we actually do know.

Fucking slime.

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