Readers will no doubt have seen that J P Morgan has just been fined the
paltry sum of USD 750 Million, scarcely more than 0.5% of equity, over
the financial scandal related to the London Whale.
At the same time they have massively increased their provisions for
litigation costs and now stand accused of market manipulation in
virtually every conceivable area from energy, to base metals to precious
metals.
This of course is why we have regulators, and the law courts to investigate, prosecute and where appropriate mete out justice....everywhere that is except in Wall Street and the City of London.
In this context please see specific recent public allegations that J P Morgan Chase has been fraudulently manipulating the price of Gold and Silver. This information was provided to the regulator, The Commodities Futures Trading Commission ("CFTC"), which deposed two separate whistleblowers from within J P Morgan, both of whom, at great risk to themselves and their careers, provided detailed and specific testimony regarding these criminal trading activities.
This of course is why we have regulators, and the law courts to investigate, prosecute and where appropriate mete out justice....everywhere that is except in Wall Street and the City of London.
In this context please see specific recent public allegations that J P Morgan Chase has been fraudulently manipulating the price of Gold and Silver. This information was provided to the regulator, The Commodities Futures Trading Commission ("CFTC"), which deposed two separate whistleblowers from within J P Morgan, both of whom, at great risk to themselves and their careers, provided detailed and specific testimony regarding these criminal trading activities.
The account of these facts can be found here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/13_Morgan_Whistleblowers_Confess_Bank_Manipulates_Gold_%26_Silver.html
In particular, these whistleblowers provided this information to the
CFTC more than one year ago, yet the CFTC has seemingly done nothing to
curtail this activity on the part of J P Morgan. Though the CFTC will
attempt to tell you that the investigation is ongoing, the fact remains
that nothing has been done to curtail this fraudulent trading activity.
Indeed, highly questionable market action suggests that it is still
being done today. At what point does the continued inaction of the CFTC
(in full knowledge of what is being done and in possession of sworn
testimony indicating the extent of the fraud being committed) indicate
that they are acting less as the regulator in this case, and more as an
enabler of an ongoing fraud? At what point does the CFTC become a
co-conspirator?
There are millions of victims of this fraud, in the USA, UK , EU and
globally. Victims include pension funds, widows and orphans, insurance
companies and ordinary investors. Any person whose retirement account
includes an index fund which includes gold or silver mining companies
has been defrauded as a result of these actions. Any investor who owns
gold or silver has been defrauded by these actions. Any person who, in
desperate times, has had to sell gold or silver at a “cash for gold”
shop has been defrauded by these actions.
If you are an private individual, or an investment manager acting on
behalf of others in a fiduciary capacity, you have a moral and in some
cases legal obligation to act.
In particular oblige your representing politician, financial or investment advisor etc. to contact the CFTC and question them closely regarding the details of this case and their continued inaction on this matter.
Regrettably, it is only by standing up against these egregious, dishonest activities on the part of TBTF banks and complicit regulators, that we can ever rid ourselves of the cancer within the financial markets. Then true price discovery of the capitalist system would reassert itself over the rigged everything, crony capitalist system we have today.
The actions you and your company choose to take in this matter, will certainly influence the ultimate outcome.
In particular oblige your representing politician, financial or investment advisor etc. to contact the CFTC and question them closely regarding the details of this case and their continued inaction on this matter.
Regrettably, it is only by standing up against these egregious, dishonest activities on the part of TBTF banks and complicit regulators, that we can ever rid ourselves of the cancer within the financial markets. Then true price discovery of the capitalist system would reassert itself over the rigged everything, crony capitalist system we have today.
The actions you and your company choose to take in this matter, will certainly influence the ultimate outcome.
