Silver Market Manipulation JP MORGAN

[revelarts]

JP MORGAN CHASE BANK (under the cover of the Federal reserve?)
Manipulates the prices of silver for their own.. I mean for the good of the economy.


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[revelarts]

JP. MORGAN Chase Also named in Madoff Scandal Complicit. As well as a few other banks.


...Two years after the arrest of Bernard Madoff, ample evidence has emerged that a substantial number of major financial institutions profited from and knowingly facilitated his Ponzi scheme.

Irving H. Picard, the trustee for the investors who were defrauded by Madoff, filed a lawsuit against JPMorgan Chase on December 2 alleging that the bank knew that Madoff’s transactions were fraudulent but continued doing business with him.

“While many financial institutions enabled Madoff’s fraud, JPMC [JPMorgan Chase] was at the very center of that fraud and thoroughly complicit in it,” said David J. Sheehan, an attorney for Picard and a partner at Baker & Hostetler LLP, the trustee’s court-appointed counsel.

Madoff pled guilty on March 12, 2009 of operating a Ponzi scheme for more than a decade that masqueraded as an investment firm. He admitted that for years he had not invested the money of his clients. Instead, in classic Ponzi fashion, he paid dividends from funds provided by new investors. Madoff, 71, is currently serving a 150 year sentence.

The total in losses from his scam is now estimated at $20 billion.

Picard had a deadline of December 15 to present all of his charges. He had spent the previous two years gathering information to support the lawsuits.

Instead of making trades with the money he received from investors, Madoff simply deposited the funds in an account at JPMorgan Chase, from which he paid dividends. He was able to maintain the scheme as long as he continued attracting investors. This inflow, however, fell off sharply after the September 2008 financial panic, making it impossible for Madoff to keep paying his clients.

“JPMC was BLMIS’ [Bernard L. Madoff Investment Securities’] primary banker for more than 20 years and was responsible for knowing the business of its customers—in this case, a very large customer,” said Sheehan. “Madoff would not have been able to commit this massive Ponzi scheme without this bank. JPMC should pay the price for its central role in enabling Madoff’s fraud.”

Picard alleges that JPMorgan made $1 billion in fees and profits from its role as Madoff’s main banker and is seeking to recover an additional $5.4 billion in damages as part of the lawsuit.

In a press release issued earlier this month, Picard wrote: “JPMC had clear, documented suspicions about the legitimacy of BLMIS’ operations. Instead of acting on that information, it simply continued to collect fees and profit from the fraud.”

Picard has filed the complaint with the bankruptcy court but it has not been publicly released because JPMorgan claims it contains confidential information. “While JPMC may want to hide the full extent of its significant role in the Madoff fraud from the public, we intend to move to have the complaint made public as soon as possible,” Picard said.

Picard also filed a $9 billion lawsuit against London-based HSBC on December 5, claiming that HSBC “enabled Madoff’s Ponzi scheme through the creation, marketing and support of an international network of a dozen feeder funds based in Europe, the Caribbean and Central America.”

The bank “earned hundreds of millions of dollars by selling, marketing, lending to and investing in financial instruments designed to substantially assist Madoff by pumping money into BLMIS and prolonging the Ponzi scheme,” according to Picard.

Although the complaint against JPMorgan Chase remains under seal, elements of its likely contents emerged earlier this year in the form of 500 internal JPMorgan documents leaked to the French weekly L’Expresse....
http://globalresearch.ca/index.php?context=va&aid=22460

[fj1200]

JP MORGAN CHASE BANK (under the cover of the Federal reserve?)
Manipulates the prices of silver for their own.. I mean for the good of the economy.

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Manipulate silver --> manipulate gold --> manipulate the dollar... That's quite the stretch.

And what exactly was going on with Grayson in the second half of that? The two halves didn't seem to relate to each other. Grayson, being an idiot, does not bring credibility to ANY argument.

BTW, "end the Fed"? And replace it with what?


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I'm sorry rev but ain't no way.

[fj1200]

JP. MORGAN Chase Also named in Madoff Scandal Complicit. As well as a few other banks.

http://globalresearch.ca/index.php?context=va&aid=22460

That's a lot to prove there. Also, I'm not sure if Know Your Customer extends to institutional investors.

[revelarts]

BTW, "end the Fed"? And replace it with what?

Constitution...
Section 8 - Powers of Congress...
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;...


Seemed to work before 1913
At least as well as having a central bank.

[revelarts]

I'm sorry rev but ain't no way.

ain't no Waaay to crash JPMC?

ain't no waay that they don't have the silver?

ain't no way???

[revelarts]

That's a lot to prove there. Also, I'm not sure if Know Your Customer extends to institutional investors.

They may not be able to prove that they are LEGALLY libel but it seems they may be able to prove or show that they were well aware of Illegalities and turned a blind Eye. Which just goes to support a general theme of mine that many of the large Banks are consistently crooked and predatory.

[fj1200]

Constitution...
...

Seemed to work before 1913
At least as well as having a central bank.

Thanks for the refresher JWK. ;) :laugh:

Anyway, it really didn't. The US banking system was a mess before 1913 not that the Fed helped a whole lot at the time. Aldrich-Vreeland held some promise in 1914 but the Federal Reserve Act put an end to that. Canada, now they did OK without a central bank.

The Fed had some growing pains and still has some issues but I think the US is better served with a central bank than without. It makes commerce far easier to conduct without having to guess at currency values.

[fj1200]

ain't no Waaay to crash JPMC?

ain't no waay that they don't have the silver?

ain't no way???

Yes, yes, and yes.


They may not be able to prove that they are LEGALLY libel but it seems they may be able to prove or show that they were well aware of Illegalities and turned a blind Eye. Which just goes to support a general theme of mine that many of the large Banks are consistently crooked and predatory.

Yes, I'm aware of something along those lines.

[revelarts]

Thanks for the refresher JWK. ;) :laugh:

Anyway, it really didn't. The US banking system was a mess before 1913 not that the Fed helped a whole lot at the time. Aldrich-Vreeland held some promise in 1914 but the Federal Reserve Act put an end to that. Canada, now they did OK without a central bank.

The Fed had some growing pains and still has some issues but I think the US is better served with a central bank than without. It makes commerce far easier to conduct without having to guess at currency values.

2 words
Bull Crap.


You honestly say that they haven't done a good job in the past, they are not doing a good job now, It's congresses job they could have done just as well or badly AND we wouldn't be in debt to them for the interest on our own money.

It was only a mess to the Fat Cats who wanted to control the whole game. Sure there needs/needed to be some regulation for fraud and various types of corruption but the Fed is a control and federal money siphon that is privately run for the benefit of the member banks and it's friends.

Currency values were tied to gold at one point and if you like , as the constitution says, Congress can set currency values or legally delegate the work to the treasury to be approved by congress. No need for a central bank. especially a group of faux federal ones.

[fj1200]

2 words
Bull Crap.

Bull Crap to what? That Congress did a great job before 1913? Because they didn't, they had plenty of time to come up with a better solution and they didn't do it.


You honestly say that they haven't done a good job in the past, they are not doing a good job now, It's congresses job they could have done just as well or badly AND we wouldn't be in debt to them for the interest on our own money.

The Fed was set up as a political solution and took a long time to get over those growing pains. I honestly say that having NO CB was worse than having one.


It was only a mess to the Fat Cats who wanted to control the whole game. Sure there needs/needed to be some regulation for fraud and various types of corruption but the Fed is a control and federal money siphon that is privately run for the benefit of the member banks and it's friends.

Given your "skepticism" over the current banking system I find it a bit difficult to believe you would rather have a system that would give even more power to them.


Currency values were tied to gold at one point and if you like , as the constitution says, Congress can set currency values or legally delegate the work to the treasury to be approved by congress. No need for a central bank. especially a group of faux federal ones.

The gold standard was no great panacea that people think it was, now a currency linked to the price of gold... I think that would be a workable idea.