Sponsored by

TFMR Podcast - A Discussion with Chris Marcus

12

Chris Marcus of Arcadia Economics has long been a friend of the site. He was also one of the last people to interview the late Bart Chilton. Thus, I thought it timely to record this podcast with him today.

Again, Chris spoke with Bart back in late March...just about a month before he passed away. If you haven't yet heard the interview, here's the link: https://arcadiaeconomics.com/silver-manipulation/in-memory-of-bart-chilton/

Ted Butler wrote a summary about this, too, in early April and you can read it here: http://silverseek.com/commentary/confirmation-outrage-and-disgust-17622

So these were the primary topics that I wanted to cover with Chris today:

  • How did the interview come about?
  • Why was Bart being so forthright about his time at the CFTC?
  • Can we now connect the dots back to 2009 regarding JPM's involvement in Comex silver...through 2011 and all the way up to, and including, present day?

And in closing, we also discuss the current macro environment. Has The Fed lost control and is their QE scheme finally being exposed?

I think you'll enjoy this podcast and thanks again to Chris for his willingness to come on the show. Thanks for listening and we'll get back to the regular schedule on Tuesday.

TF

  12 Comments

  Refresh
AGXIIK
May 7, 2019 - 10:10am

Class action law suits and Uber

I'm 100% behind class action law suits against the precious metal manipulators. They made hundreds of billions on their illegal trades. A few trillion in legal judgements sound reasonable.

Uber. Cohn says to his GS squidco cronies

"Listen up guys. I got this tip from my smoking hot weekend fuck bunny who wanted a cheap ride clubbing and not get pinched for DUI. Something called Uber.'

' Just hit an app on your smart phone and someone will pick you up anywhere. Way cheaper than a Yellow! I hate to see my hump hunny doing this but hey, she doesn't want to be seen in Daddy Warbuck's stretch. I'm cool with that, I guess'

'I know, I know. We all got our limos, drivers,Wheels Up and jets. None of us would be caught dead in some urban stink wagon driven by a prole who's doing some side hustle.'

'But these young twerps are all about the experience. They think it's the bomb, to use one of their favorite phrases. We ran the numbers and Uber will lose it's ass forever. They'll never be profitable. But who cares. Remember how much we made on Webvan and Pets.com.'

'I figured that we can get in early with about $5,000,000 and control the IPO, flip this POS for $100 a share to the muppets and ignert jackwagons and make maybe 100-200 times our cash investment. How can we lose? $600,000,000 pays our country club dues for the year. Know what I mean?'

'We flog this dog to the market and exit with double bonuses. Who cares if it goes tits up and everyone loses their asses. We're Goldman Sachs. We never lose'

Angry Chef
May 7, 2019 - 9:09am
May 7, 2019 - 8:52am

Be sure to read this today

I seem to recall a certain gold "expert"...who has often exposed himself as a real jerk....recently claiming that he "has no idea of what a bullion bank even is". Maybe someone should send him this link?

https://www.zerohedge.com/news/2019-05-06/curse-london-gold-fix-strikes-...

Noteriety
May 7, 2019 - 5:01am

The Power Structure

Fiat currentcy has seemingly served its purpose and established a near-complete global Power structure (it may well be all wrapped-up).

For the record, Trump (Billionaire Real Estate mogul with a known history of having a politicians in his pocket), Putin (ex-KGB officer in COMMUNIST USSR) and Xi (Leader of a People's Republic) do not appear to be a great gaggle of saviours.

I would at this time, wish to admit my folly for falling for the Q trap. In December of 2017, I came on this board and announced with full vigor that there was a plan in place. We were all going to be saved. I played the ultimately fool and soaked up the hope that was given by Q. Over the next month, I realized my error. I should have come clean at that time but it was an embarrassing moment for me (and a major letdown).

That being said, this ultimate scam has helped strengthen me for the future. Adaptability of one's knowledge and beliefs will be of utmost importance (as well as having the resolution not to be bullied by the online, social media consensus, truth/untruth movements).

This post ended up being not what was intended. Laughing Aloud!

lakedweller2Chris Marcus
May 7, 2019 - 2:45am

Class Action Suits

That would be great if you could get us info on class action suits as Edmonds doesn’t have a deep enough pocket to cover all the damage that is done by market manipulation.

The banks are an obvious target as well as the Federal Government for facilitating market manipulation. I suggested to my Senator one time that he should submit a bill to make all gold and silver trades (plus miners) tax free on “gain” side and no limit on the loss side for a deduction since the Federal Government was a party to market manipulation and therefore had forfeited the right to tax transactions either gains or losses. Never heard back from him.

edit: Add words “and price suppression” everywhere manipulation is mentioned. Makes activity even more criminal.

Pandora’s Box: All markets are manipulated with government assistance.

lakedweller2
May 7, 2019 - 12:58am

some good questions

some good questions lakedweller, and will be fascinating to find out the answers.

One thing of note is that when I spoke with the CNBC report, I did ask her if there will be new class action suits that investors can participate in and she seemed to think there would be. Apparently there's one going on now....will be getting more info soon hopefully...

Ozymandias
May 6, 2019 - 9:36pm

Modern Monetary Theory

I have been trying to understand this MMT business and it seems pretty simple to me. If you need some more money to pay the geezers or the road builders or the hospitals just print it and spend it. AOC and Bernie are the poster children for this monetary system. Deep inside I hear a voice screaming "That's nuts!!" but then the advocates say "It works. Just look at Japan. They have been doing it for many years and they haven't seen any real inflation in goods prices." That's true, but we are not Japan even though many people say we are going the same way as our deficits keep growing with no end in sight. To me, the key is simply the balance of payments. As long as you are a net exporter you can live with the system but if you are a net importer, inflation is going to become a problem. If your balance of payments is zero you simply have a world-wide barter system. I am slowly beginning to understand Jim Willie's "scheiss dollar" use at home and the gold trade note to use internationally to settle short-term deficits or surpluses. I have to do a lot more thinking about this, but I wonder if DJT is thinking sort of along the same lines. If we can get our imports and exports in balance than the system doesn't have to crash but if not, then the wheels have to come off when other countries don't want our freely printed dollars. I just don't think we are going to be able to reach that equilibrium (if ever) before the dollar is rejected by the rest of the world and the "reserve" currency is going to become something else. Think I will have to just keep stacking as I think my way through this.

GoldHermit
May 6, 2019 - 7:47pm

Ideology or Idiotology....

It's money printing idiotology!!!!

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

ancient Egyptian...ex-canary
May 6, 2019 - 6:40pm

Personally, I pay very limited attention...

To any information about traders being caught manipulating gold and silver market....The real manipulators (imo) work uninterrupted behind the curtain....Totally untouchable.

lakedweller2
May 6, 2019 - 4:40pm

John Edmonds - JPM Conviction

I hope Justice is getting as much as they can for an extended criminal investigation of the bullion banks manipulation of silver.

On the other hand, restitution is always a consideration in Sentencing a convicted criminal. How are they going to determine how much Edmonds owes and who he owes for price manipulation over several years. I believe he owes me as well as anyone who bought, owned or sold a single mining share plus all coin dealers...plus everyone trading same in the entire world. How do they make everyone harmed, whole again? Could be an issue they are having difficulty with...particularly if he was acting as an agent of JPM.

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 4/19

4/22 8:30 ET Initial jobless claims
4/22 10:00 ET Existing home sales
4/22 10:00 ET LEI
4/23 9:45 ET April flash PMIs
4/23 10:00 ET New home sales

Key Economic Events Week of 4/12

4/13 8:30 ET CPI
4/13 12:00 ET Goon Harker
4/14 8:30 ET Import Price Index
4/14 12:00 ET Chief Goon Powell
4/14 2:45 ET Goon Chlamydia
4/15 8:30 ET Retail Sales
4/15 8:30 ET Philly Fed
4/15 8:30 ET Empire State Manu
4/15 9:15 ET Cap Ute and Ind Prod
4/15 2:00 ET Goon Daly
4/15 4:00 ET Goon Mester
4/16 8:30 ET Housing starts

Key Economic Events Week of 4/5

4/5 9:45 ET Markit service PMI
4/5 10:00 ET ISM service PMI
4/5 10:00 ET Factory Orders
4/6 10:00 ET JOLTS job openings
4/7 9:00 ET Goon Evans
4/7 12:00 ET Goon Barkin
4/7 2:00 ET March FOMC minutes
4/8 12:00 ET Chief Goon Powell
4/9 8:30 ET PPI
4/9 10:00 ET Wholesale inventories

Key Economic Events Week of 3/29

3/30 9:00 ET Goon Quarles
3/30 10:00 ET Consumer Confidence
3/30 2:30 ET Goon Williams
3/31 8:15 ET ADP Employment
3/31 9:45 ET Chicago PMI
3/31 time TBA Biden Infrastructure speech
4/1 9:45 ET Markit Manu PMI
4/1 10:00 ET ISM Manu PMI
4/1 10:00 ET Construction spending
4/2 8:30 ET BLSBS

Key Economic Events Week of 3/22

3/23 9:00 ET Goon Bullard
3/23 12:00 ET CGP and Mother on Capitol Hill
3/24 8:30 ET Durable Goods
3/24 9:45 ET Markit Flash PMIs March
3/24 10:00 ET CGP and Mother on Capitol Hill
3/25 8:30 ET Q4 2020 CDP final guess
3/25 12:00 ET Goon Bostic speech
3/25 3:45 ET Goon Chlamydia speech
3/26 8:30 ET Personal Income and Spending
3/26 8:30 ET Core Inflation
3/26 10:00 ET Consumer Sentiment

Key Economic Events Week of 3/15

3/15 8:30 ET Empire State Index
3/16 8:30 ET Retail Sales
3/16 8:30 Import Price Index
3/16 9:15 ET Cap Ute and Ind Prod
3/16 10:00 ET Business Inventories
3/17 2:00 ET FOMC Fedlines
3/17 2:30 ET CGP presser
3/17 8:30 ET Philly Fed

Key Economic Events Week of 3/8

3/8 10:00 ET Wholesale Inventories
3/10 8:30 ET CPI
3/10 2:00 ET Federal budget
3/11 8:30 ET Initial jobless claims
3/12 10:00 ET JOLTS job openings
3/13 8:30 ET PPI
3/13 10:00 ET UMich sentiment

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

Recent Comments

by TF Metals fan, 2 min 25 sec ago
by silverseeker, 6 min 51 sec ago
by H8Fiat, 7 min 36 sec ago
by H8Fiat, 8 min 52 sec ago
by CC Horses, 9 min 38 sec ago
by dangerkitty, 10 min 57 sec ago
randomness