University Professor at Columbia University Jeffrey Sachs spells out what American’s are facing with the incredibly unstable financial system promulgated by the Federal Reserve, central banks, too big to fail banks and the governments in the United States and Europe…
U.S. Dollar “Fear Mongers” Only Need to Be Right Once…
The fact is that warnings about the precarious nature of the U.S. dollar – whether bombastic or not – are probably more important today than they have ever been. But these warnings can’t compete with 50 years of the “trend being the United States’ friend”, a hurricane force tailwind that includes politicians on both sides of the aisle, the nation’s central bank, the treasury secretary and the roaring concert of all financial news media…
After Being Criminally Charged for Rigging Precious Metals, JPMorgan Chase Controls 53 Percent of All Precious Metals Contracts Held by Banks…
It is hard to understate the regulatory failure of allowing JPMorgan Chase to continue to have this outsized presence in the precious metals derivatives market…
JPMorgan Makes $1B from Gold Trading After Paying $1B Fine for Manipulating Gold Trading…
The math simplified: JPM has spent $1 billion over the lifetime of its precious metals rigging, ensuring it has full indemnity from future manipulation claims, allowing allow it to make $1 billion in revenue in just one year…
Meet the Mastermind Behind JPMorgan’s Gold and Silver Manipulation “Crime Ring”…
In a lengthy feature detailing the federal investigation into Nowak’s desk, Bloomberg reveals how Nowak’s scheme was exposed to the world after regulators came knocking and former subordinates turned against him…
JP Morgan Blames Bear Stearns for ‘Criminal Enterprise’ at Precious Metals Trading Desk…
Regulators Expand Already Massive Precious Metals Manipulation Probe to Other Markets…
Just two days after the DOJ took the unprecedented step of designating the JPMorgan precious metals trading desk as a “criminal enterprise” using unusually aggressive language which reminded legal experts of indictments utilizing the RICO Act, and which hopefully ended years of precious metal manipulation by the group formerly headed by Blythe Masters, CNBC now […]
JPMorgan Traders Indicted for Market Manipulation, Racketeering…
Three JPMorgan employees, some of whom were executives, were indicted on charges related to making fake orders of gold, silver and other metals to trick the market, federal Department of Justice announced Monday. Gregg Smith, 55, Michael Nowak, 45, and Christopher Jordan, 47 and other co-conspirators allegedly manipulated the market by placing orders that they […]
Gold: $1500…
Gold prices on Wednesday jumped above an important psychological level at $1,500 amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals. The 10-year U.S. Treasury note’s TMUBMUSD10Y, -4.93% fall to new lows not seen since 2016 below 1.7%, also helped to drive demand for bullion. […]
Wall Street Banks, in Drag as Trade Associations, Fight Indictments for Manipulating Precious Metals Markets…
On July 18 of last year, the U.S. Department of Justice indicted two Merrill Lynch precious metals traders, Edward Bases and John Pacilio, charging them each with one count of conspiracy to commit wire fraud affecting a financial institution and one count of commodities fraud each. Pacilio was further charged with five counts of spoofing. […]