6778bbac
XPost: can.politics, us.politics, misc.taxes
From: sharx35@hotmail.com
"Mr.Smartypants" wrote in message
news:81a3707e-1002-428d-bd59-414ce7570d6f@c36g2000yqm.googlegroups.com...
> GOLD PRICE FIXING BOMBSHELL
>
>
>
> By Pat Shannan
>
> William Murphy, chairman of Gold Anti- Trust Action (GATA), shocked
> the Commodities Futures Trading Commission (CFTC) by revealing the
> name and position of a whistle blower who had warned the CFTC
> Enforcement Division of market manipulation by JPMorgan Chase in
> advance of it happening and had witnessed Morgan traders boasting of
> their exploits.
>
> The March 25 meeting was a “sham,” filled with deception and half-
> truths and with the “liars and thieves behaving like cornered rats,”
> according to several of those present. In what might have been a
> harbinger of things to come, CFTC announced a week before the hearing
> that they had had a fire in the room where its gold and silver records
> are held. No further information as to what kind of damage occurred
> was released.
>
> Then during the six-hour hearing, the only time the live video feed
> went down was from one minute before Bill Murphy spoke until one
> minute afterward. Next, when he was finally asked a question by the
> panel, the audio mysteriously went out until right at the end of his
> answer.
>
> When asked for some hard proof of the manipulation, Murphy released a
> well-guarded bombshell from a whistleblower who had been sending
> emails to the CFTC explaining how JPMorgan traders were rigging the
> gold market and then bragging about it. The whistleblower, a London
> metals trader named Andrew Maguire, had some quite damning evidence
> against the cartel, but the CFTC panel was visibly reluctant to learn
> any more and asked nothing else about it.
>
> In November 2009, Maguire contacted the CFTC enforcement division to
> report this criminal activity. He described in detail the way JPMorgan
> Chase signals to the market its intention to take down the precious
> metals.
>
> Traders recognize these signals and make money shorting the metals
> alongside JP Morgan. Maguire explained how there are routine market
> manipulations at the time of option expiry, non-farm payroll data
> releases and commodities exchange contract rollover, as well as ad-hoc
> events.
>
> On Feb. 3, Maguire gave a two-day warning by email to Eliud Ramirez, a
> senior investigator for the CFTC’s Enforcement Division, that the
> precious metals would be attacked upon the release of the non-farm
> payroll data on Feb. 5. On Feb. 5, as market events played out exactly
> as predicted, further emails were sent to Ramirez while the
> manipulation was in progress.
>
> It would not be possible to predict such a market move unless the
> market was manipulated. Murphy explained that despite the Enforcement
> Division receiving detailed information in December 2009, the
> manipulation continues unabated as can be seen by the way gold was
> taken down during the last week of March in order to rob holders of
> April gold call options in the strike range of $1,100 to $1,150, as
> the hammering made them expire as worthless.
>
> GATA believes this new evidence and “smoking gun” will be a watershed
> event in liberating the gold market from its shackles of price
> suppression.
>
>
>
> In a bizarre twist of events, the London metals trader and recent
> whistleblower Maguire and his wife were hit with a mysterious
> misfortune only a day after testifying. They were both injured and
> hospitalized when their car was struck by a hit-and-run driver in the
> London suburbs.
>
> According to Adrian Douglas, who is Maguire’s contact man at GATA,
> Maguire and his wife were admitted to a hospital overnight and
> released and are expected to recover fully.
>
> Maguire told Douglas by telephone that his car was struck by a car
> careening out of a side road. When a pedestrian who witnessed the
> crash tried to block the other driver’s escape, the other driver
> accelerated at the pedestrian, causing him to jump out of the way to
> avoid being hit. The other driver’s car then struck two additional
> cars in escaping.
>
> As dramatic as this story is, there was another “bombshell” exposure
> revealed during the hearing. This was the testimony that Douglas was
> able to deliver during the hearing while assisting Harvey Organ with
> his testimony.
>
> Douglas was able to introduce arguments that the London Bullion Market
> Association (LBMA) over-the-counter gold market is nothing but a
> massive “paper gold” ponzi scheme. What was then astonishing is that
> the bullion bank apologist, Jeffery Christian, of CPM Group, who has
> always been staunchly against GATA, actually endorsed the Douglas
> comments as being “exactly right” and went on to confirm that the LBMA
> trades over 100 times the amount of gold it actually has to back the
> trades.
>
> However, when Christian was asked directly, “Are you concerned that
> the shorts will not be able to deliver when called upon?” he said he
> was not, because it has been going on for decades, and “there are any
> number of mechanisms allowing for case settlements.”
>
> Douglas had the final word, however. “He clearly does not understand
> that this is failure to deliver,” responded Douglas.
>
> Pat Shannan is the assistant editor of American Free Press. He is also
> the author of several videos and books including One in a Million: An
> IRS Travesty and I Rode With Tupper, detailing Shannan’s experiences
> with Tupper Saussy when the American dissident was on the run in the
> 1980s. Both are available from FIRST AMENDMENT BOOKS for $25 each.
>
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>
> (Issue # 15 & 16, April 12 & 19, 2010)
>
>
>
>
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>
>
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I'd like to see gold crash, so that all the greedy, get rich quick, types
would be given a lesson in greed.
>
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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