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

About the Author

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turd [at] tfmetalsreport [dot] com ()

  40 Comments

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jaw777
Sep 18, 2019 - 9:17am

Get this story into MSM

The only way you will ever get this story some press is to find some way to tie Trump to all of this and make it his fault. If you can do that, CNN and MSNBC will run it 24/7 until even Turdites are tired of hearing about it.

mclieberman
Sep 18, 2019 - 7:54am

pitch it to Netflix

If Bandersnatch and some of the other self made ideas can get onto Netflix, so can you, Turd! Pitch this whole conspiracy theory to Netflix and maybe someone can, finally, get some more public notice on this. I think people would find it interesting even if they didn't particularly care about the topic.

Keg
Sep 18, 2019 - 7:40am

Great work

Great work Turd.

Joseph WarrenGeorgie
Sep 18, 2019 - 7:39am

Re: Walter Cronkite

Hate to break it to you, but Cronkite was the very opposite of the ‘kindly uncle’ image he portrayed to the public through their t.v. screens -

https://fellowshipoftheminds.com/one-world-government-walter-cronkite-im...

Unfortunately, we’ve been lied to on many fronts. It got particularly bad with the new technologies available after WW2. If enough people become aware of this, Humanity may still stand a chance for Liberty, peace, and prosperity.

SquibLoad
Sep 18, 2019 - 7:14am

threw out the stack of evidence

All those times you mentioned an article that we should print out and add to the stack of evidence proving that we knew that it was all a sham; well, I tossed it all into the bin and just now and replaced it all with this post.

Enough said and shown, right here. Well done.

KMAC
Sep 18, 2019 - 7:13am

Will it ever end?

I used to think that if you played by the rules and had the patience of ten men you could play in the crooksters arena. But I have seen to much lying, cheating, and stealing with no justice to believe it any more. Sure these few idiots may get some jail time but what about the big picture. Will they through the PPT in jail? Is their not any manipulation TODAY in the PM markets? Are the people who are supposed to protect us from these criminals even on our side? It all comes down to retaining power and the dollar hegemony the US has had for 75 years. The only thing that will stop this madness is the outside powers of other countries that are sick and tired of our corrupt use of our dollar power. It is now obvious that a number of very powerful countries are saying "NO MAS" and they are on a collision course with this run away train we call the US government. While the level of corruption is mind boggling they are not brain dead and I for see some desperate move to try and retain power (false flag again?) and continue this circus. The big difference this time around is the US does not have military dominance like we used to so our options are limited. If we bomb, bomb, bombs away Iran I suspect the shit will hit the fan and we will get more back than we bargained for. Where does that leave us today? Well, control the PM markets so the dollar retains its power until we break the system and all hell cuts loose. Once again the $10 MIL dollar question is how long will we have to wait for this balloon to pop? Maybee this REPO stuff is the next hole in the dam that starts the flood who knows, we just hope we live long enough to see these criminals hanging from a rope.

Key Economic Events Week of 5/25

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Buzz Zoo
Sep 18, 2019 - 6:50am

Master = Meister ... Blythe and David must be related.

Thanks for this revealing post. By the way, did anyone notice that "Meister" is the same word as "Master" (in German) ... Are Blythe Masters and David Meister related? (Same crime family?)...

Are these names even real? Are they cover names?

cashonly
Sep 18, 2019 - 6:22am

Great job Turd

Awesome catch! This is an education into the corruption taking place everyday in this country, how sad!

Matt Taibbi wrote this a while back encompassing the entire futures markets.

Revolving Door: From Top Futures Regulator to Top Futures Lobbyist

My opinion is that this corruption is just the inner workings of command and control economics. I would bet it is not only acknowledged but also accepted, as the way that it is, by our elected officials who probably profit (payola) from this system.

ratioarbitrage
Sep 18, 2019 - 3:24am

Very loose yesterday

https://www.barchart.com/futures/quotes/SIY00/technical-chart?plot=LINE&...

Terrifying chart apparently showing huge slugs of metal hit the physical markets as SI price approached and penetrated 1800. A lot of hurt longs (new to the party in the 1900s?) just cut their losses at 1800. They were physical so probably SLV. Market now appears back in balance.

Summary: there was slight tightness at 1785, probably on value buying and genuine industrial demand, but retail physical disinvestment completely overwhelmed this at a level just 1% higher - and at a memorable figure. This has retail written all over it. I am guessing this was a one-hit phenomenon, quite typical of retail to take a 10% loss and then close on a 3% pop.

Second edit to correct scornful tone... we ARE retail (most of us) but that does not mean we have to display typical retail behaviour...

Third edit: by the time you see this in North America, the upward-curving chart showing emerging tightness at around 3-4 am NY and the resulting upward move prior to the Fed will probably have either intensified into a proper phys squeeze or will have been relieved by price upside... This may appear more salient by that time than yesterday's looseness!

Blackwatersailor
Sep 18, 2019 - 2:29am

Get ready

For another round of 90% bullshit layered over 10% kinda truth when looked at a certain angle. You know... standard position. Bent over with your pants down. It will come at you from the Gov't, the media, bankers, and anyone else who thinks they can get one over on you.

I'm waiting for some archived night footage with all the particulars scrubbed with a hazy fast moving unrecognizable blob. Many claims will be forthcoming. Months from now none proven correct. Most outright lies.

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