CNBC Admits Not Only Silver Manipulation, But That It’s Gone On For Centuries
So, in the face of becoming extremely irrelevant and having its viewership continue to decline, CNBC has covered market manipulation, with silver being specifically mentioned. What SV finds particularly fascinating is that, in the video, it is not only admitted that the manipulation has gone on for merely thirty years as is often assumed by silver and gold investors, it is admitted that the manipulation has gone on for centuries. This is a central premise of Silver Vigilante – that the silver manipulation is not a phenomenon of the last thirty years, but has been persistent on down through the ages. As Jesse at Jesse’s Cafe Americain quotes:
Whalen: None of its [JPM's CIO losses] are acceptable, but see the whole point is Jamie got entangled in the media. (He got caught lying and gambling with customer money – Jesse) If this had just been a reported loss with a lot of other numbers we wouldn’t be talking about it. It’s a trivial number in the grand scheme of things.
Sorkin: What may be less trivial is this situation, this scandal involving LIBOR.
Whalen: Ah well, welcome to the banking industry. Come on, uh, you know… (wink wink, nod nod)
Sorkin: You hear about these things…
Whalen: Foreign exchange, Libor…
Sorkin: You used to think these were conspiracy theories. Right? You hear this about people manipulating LIBOR, you hear about people manipulating the silver market…
Michelle: And they are!
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Toronto Minnow
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hijas
