President Of Germany’s Top Financial Regulator: Precious Metals Manipulation Worse Than Libor Scandal

Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says (ZeroHedge, Jan 16, 2014):

Remember when banks were exposed manipulating virtually everything except precious metals, because obviously nobody ever manipulates the price of gold and silver? After all, the biggest “conspiracy theory” of all is that crazy gold bugs blame every move against them on some vile manipulator. It may be time to shift yet another conspiracy “theory” into the “fact” bin, thanks to Elke Koenig, the president of Germany’s top financial regulator, Bafin, which apparently is not as corrupt, complicit and clueless as its US equivalent, and who said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal.” Hear that Bart Chilton and friends from the CFTC?

More on what Elke Koenig said from Bloomberg:

Read morePresident Of Germany’s Top Financial Regulator: Precious Metals Manipulation Worse Than Libor Scandal

The Complete And Unabridged History Of Gold Manipulation

The Complete And Unabridged History Of Gold Manipulation (ZeroHedge, Dec 4, 2013):

On November 1st, 1961, an agreement was reached between the central banks of the United States and seven European countries to cooperate in achieving a shared, and very clearly stated, aim.

The agreement became known as the London Gold Pool, and it had a very explicit purpose: to keep the price of gold suppressed “under control” and pegged regulated at $35/oz. through interventions in the London gold market whenever the price got to be a little… frisky.

The construct was a simple one.

The eight central banks would all chip in an amount of gold to the initial “kitty.” Then they would sell enough of the pooled gold to cap any price rises and then replace that which they had been forced to sell on any subsequent weakness.

*Statement is subject to standard terms and conditions and is not necessarily reflective of any evidence. Government entities are excluded from inclusion based on the fact that we can’t really do anything about them and anyway; they could put us out of business; and it would make things really, really bad for them. Also, bullion banks are not covered under this statement because we were told to turn a blind eye; but individual investors are, and we can categorically confirm that, to the best of our knowledge, no individuals are manipulating the precious metals markets (at this time).

But, as Grant Williams explains in this excellent and complete summary of the history of Gold price manipulation, things don’t always go as planned…

Read moreThe Complete And Unabridged History Of Gold Manipulation

Energy Prices: Manipulated – LIBOR: Manipulated – FX: Manipulated – Now Brent Crude: Manipulated – But Suggest Gold Is And You’re Branded A Whacko!

UK Orders WSJ To Withold Names Of Implicated LIBOR Manipulators After Story Already Hits Wires

UK Orders WSJ To Withold Names Of Implicated LIBOR Manipulators After Story Already Hits Wires (ZeroHedge, Oct 18, 2013):

In what is a staggering example of not only state meddling in the affairs of the “free press”, but worse, sheer state idiocy, yesterday the WSJ posted an article on its website revealing that as many as 24 co-conspirators would be exposed shortly in the ongoing Libor manipulation scandal and divulging the names of various individuals on this list. What promptly followed was truly bizarre. As the WSJ reports shortly after posting the article, “a British judge ordered the Journal and David Enrich, the newspaper’s European banking editor, to comply with a request by the U.K.’s Serious Fraud Office prohibiting the newspaper from publishing names of individuals not yet made public in the government’s ongoing investigation into alleged manipulation of the London interbank offered rate, or Libor.” This happened at 7:18 pm London time, after the original WSJ article had already hit the Internet.

The WSJ added that “The order, which applies to publication in England and Wales, also demanded that the Journal remove “any existing Internet publication” divulging the details. It threatened Mr. Enrich and “any third party” with penalties including a fine, imprisonment and asset seizure.”

As a result, the media organization decided to comply with this gross example state censorship, and now in the place of the article, one could find the following note:

… but not before protesting vocally:

Read moreUK Orders WSJ To Withold Names Of Implicated LIBOR Manipulators After Story Already Hits Wires

Gerald Celente: Connecticut Refuses To Release Adam Lanza’s Medical Records – ‘Because Then You Can Cause A Lot Of People To Stop Taking Their Medications … Stop Cooperating With Their Treating Physicians.”‘ (Video)


YouTube

NYSE Body To Run Libor

H/t reader M.G.:

“Here is another story, it’s irony won’t be lost on you. Talk about feeding the chicken house to the wolves………..the corruption is so deep, so complete, we don’t have a prayer.”


NYSE body to run Libor as City attempts to put scandal behind it (Guardian, July 9, 2013):

Move follows decision to strip BBA of its association with benchmark rate, which will be run by a London-based subsidiary

Libor might stand for the London interbank offered rate, but from next year the scandal-hit benchmark rate will be set by the body that runs the New York Stock Exchange in the latest attempt to clean up the City.

Libor, which is used to price $300tn (£192tn) of financial products around the world, has been overseen until now by the British Bankers’ Association (BBA). But its integrity has been questioned after banks and other financial firms were found to have rigged the rate.

Read moreNYSE Body To Run Libor

EVERY Market Is Rigged

EVERY Market Is Rigged (Washington’s Blog, June 12, 2013):

Currency Markets Are Rigged

Bloomberg reports today:

Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.

Read moreEVERY Market Is Rigged

Summarizing The Known Rigged Markets

Summarizing The Known Rigged Markets (ZeroHedge, June 12, 2013):

Following last night’s revelation that FX trading is the latest addition to the “rigged” column, here is a summary of the known market manipulation scandals (because it can be problematic keeping track of all by now):

  • Libor – interest rates (link)
  • ISDAfix – swaps (link)
  • Platts – oil prices (link)
  • WM/Reuters – FX (link)
  • High-Frequency Trading – equities (link)

We also know that the Fed and world central banks are engaged in a full blown (and unprecedented) Treasury curve modeling exercise courtesy of both ZIRP (short-end) and QE (long-end), and that courtesy of some $12 trillion in extra liquidity in the past 5 years, stocks are at an artificial “weath effect” sugar high.

Read moreSummarizing The Known Rigged Markets

Matt Taibbi: Everything Is Rigged: The Biggest Price-Fixing Scandal Ever … ‘The Illuminati Were Amateurs’

‘The Illuminati were amateurs’???

J.P. Morgan is a Rothschild front and the Illuminati do not only control the big banks and the governments, they also took over control of the media a long time ago:

J.P. Morgan Interests Buy 25 of America’s Leading Newspapers and Insert Editors:

U.S. Congressional Record February 9, 1917, page 2947

Congressman Calloway announced that the J.P. Morgan interests bought 25 of America’s leading newspapers, and inserted their own editors, in order to control the media.

Mr. CALLAWAY: Mr. Chairman, under unanimous consent, I insert into the Record at this point a statement showing the newspaper combination, which explains their activity in the war matter, just discussed by the gentleman from Pennsylvania [Mr. MOORE]:

“In March, 1915, the J.P. Morgan interests, the steel, ship building and powder interests and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press in the United States.

“These 12 men worked the problems out by selecting 179 newspapers, and then began, by an elimination process, to retain only those necessary for the purpose of controlling the general policy of the daily press throughout the country. They found it was only necessary to purchase the control of 25 of the greatest papers. The 25 papers were agreed upon; emissaries were sent to purchase the policy, national and international, of these papers; an agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies and other things of national and international nature considered vital to the interests of the purchasers.

“This contract is in existence at the present time, and it accounts for the news columns of the daily press of the country being filled with all sorts of preparedness arguments and misrepresentations as to the present condition of the United States Army and Navy, and the possibility and probability of the United States being attacked by foreign foes.

“This policy also included the suppression of everything in opposition to the wishes of the interests served. The effectiveness of this scheme has been conclusively demonstrated by the character of the stuff carried in the daily press throughout the country since March, 1915. They have resorted to anything necessary to commercialize public sentiment and sandbag the National Congress into making extravagant and wasteful appropriations for the Army and Navy under false pretense that it was necessary. Their stock argument is that it is ‘patriotism.’ They are playing on every prejudice and passion of the American people.”

So FORGET about the Illuminati (the real elitists) and just blame their bankster elite puppets, their government elite puppets (like Obama, Bush, Clinton etc.) and their corporate media presstitutes for everything instead!!!

George carlin sums it up best:

George Carlin: The American Dream (Video):
A short excerpt from the video “Life Is Worth Losing” (2005).

That said, enjoy Matt Taibbi’s otherwise excellent article and writing style.


The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever (Rolling Stone, by Matt Taibbi, April 25, 2013):

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

Read moreMatt Taibbi: Everything Is Rigged: The Biggest Price-Fixing Scandal Ever … ‘The Illuminati Were Amateurs’

Big Banks Win Again As Judge Tosses Antitrust Claims In Libor Lawsuit

Banks Win Again As Judge Tosses Antitrust Claims In Libor Lawsuit (ZeroHedge, March 30, 2013):

With all the recent chatter about an overhaul and dismantling of Too Big To Fail banks (spoiler alert: it will never happen, but it will take a lot of theater before that is made quite clear) many can be excused for believing the balance of power has shifted away from the megabanks (and their tens of trillions in over the counter derivative “weapons of mass financial destruction” so ably facilitating the Stockholm Syndrome of global mutual assured destruction with each passing day) and in the favor of the people, represented by the legislative (the same people who are multi-millionaires mostly courtesy of endless financial lobbying) and the judicial.

Read moreBig Banks Win Again As Judge Tosses Antitrust Claims In Libor Lawsuit