No Matter What Comes of CFTC Silver Probe, Too Big To Fail Will Prevail
We already know that the silver market is manipulated. We know that the Federal Reserve is owned by private interests who manage monetary policy for international interests. We know now that LIBOR is managed not by the market, but by the global neo-soviet. This is is just the way things are. And so, while the silver community is currently debating whether or not reports from the Financial Times about the end of the silver-probe are “accurate and premature,” they are distracted from The Big Picture. As TF Metals narrowed down the options,
So, what are we to make of all this? It would seem that we are left with these possibilities:
- The story is true and accurate and the CFTC silver investigation will soon close with nothing done.
- The story is inaccurate and is simply shoddy reporting by the crew at the Financial Times.
- The story is inaccurate and was deliberately placed in order to influence a certain outcome. Rationale for this ranges from: a) An attempt to initiate another Sunday Night Massacre, b) An attempt to draw in additional SpecShortSheep in advance of lower margins today, c) An attempt to influence the CFTC to conclude the investigation ahead of “schedule” in September, d) An attempt to influence the civil court into dismissing the class action suits against JPM, e) anything else you can think of.
No matter how it is looked at, the story is “true and accurate.” Maybe there have been some political purposes in running the piece now, but, in the end, the CFTC probe of JP Morgan and silver manipulation will bring nothing. The US political system is one of the best in the world at ensuring stability. And by stability, that means the perpetuation of the status-quo. What most silver investors don’t understand is that the political risk tied to silver is enormous. It can be reason enough not to buy the metal as an investment. In 1873, through the Crime of 1873, as silver was taken out of the banking system, millions lost their savings. Mostly farmers. That is called genocide. Genocide first against the silver holders. That took place back in the day when JP Morgan and the Rockefellers, thanks to elite European sponsors, were in charge. They still are in charge. The U.S. government, as it did then, will persist as a tool of the ruling class, even if it means enforcing genocide. If the silver probe puts JP Morgan at risk, it will bring no justice. If the silver probe puts the Dollar System at risk, it will be squashed.
The debate really started up when Silver Doctors due-diligently emailed Bart Chilton for a response. Way to be on your toes, Doc. On Monday morning in London, he posted Commissioner Chilton’s response:
At TF Metals, many “Turdites,” as members of the community are lovingly called there, reported receiving the same message from Bart Chilton at the CFTC. Emotions regarding Chilton are mixed within the community, with some seeing him as a champion of the little guy from within the beast, as he has on numerous occasions acknowledged evidence of silver manipulation, while others see him as a shrill or misinformation agent or just plain powerless. In my opinion, if Bart Chilton were a whistle-blower with compromising information he would be a more tragic character. Moreover, the message everyone has purported to receive were certainly not sent by a Bart Chilton inconvenienced on a Sunday Night/Monday Morning, but an intern or some sort of High Frequency Intern Bot. Bart Chilton is knight in shining armor.
Not too long ago, The Dollar Vigilante published a report in the wake of the passage of Audit The Fed. They entitled the piece “Auditing the Fed is Like Auditing a Mafia Counterfeiting Operation.” In it, the Dollar Vigilante writes:
But, here is the plain fact of the matter. We already know what the Federal Reserve is doing. Sure we may not know exactly which banks get exactly which graft, which may be of some interest. But for the most part we know exactly what they are doing. They are artificially price-fixing/manipulating interest rates at 0% through to 2014… which will be six years of ZIRP. And they are counterfeiting as much money as is necessary to support the massive trillion+ dollar deficits that the US Government has been doing for the last five years and with no end in sight in an unprecedented amount of money printing that has never been surpassed in Federal Reserve history.
The same sentiment can be applied to the CFTC’s investigation of the silver market and JP Morgan’s manipulation thereof. We already know what is being done to the precious meals. I mean, we already know what is going on with the whole of the market. Wholesale thieving of entire swathes of the global economic landscape has been ongoing, has become common sense to know. We might not know exactly which banks own(ed) what silver and what they’ve sold or not sold on the COMEX, but for the most part we understand their logic and actions.
As TF Metals Reports reader “ancientmoney observed:
As all “regulators” created by the Feds, these guys, too, are cozied up to those they are supposed to regulate. Head of CFTC is Gary Gensler, a hand-picked Goldman Sachs alumnus. They pick people to run these organizations who know full well how they operate, so as to make sure the laws don’t get in their way.
When Glass-Steagall was destroyed, it gave the elite the signal to do whatever they wanted to do in the name of profits. It is since then that everything has headed down the toilet (except PMs, which see through the fraud). PMs needed to be controlled–they can’t be held down, but they can be, and have been manipulated by the opaque paper markets. COMEX needed an ally to help control demand for physical early on, after the deregulation came about. Hence, we got GLD and shortly thereafter, SLV. These were simply devices that allowed the bankers to corral the cashflow of the people into what they thought were silver and gold investments. Result: bankers divert the people’s cashflow into physical PMs that they (the banks) control. Sweet!!
[Bart Chilton]sort of reminds me of a high-level Barney Fife. Sort of an innocuous guy who was hired to uphold the law and protect the citizenry, but was really barely able to keep the police offices clean.
The shenanigans put forth by JPM, HSBC, et al, are so far beyond what the CFTC can regulate (if they really wanted to truly regulate anything) it isn’t funny.
I have come to believe that the CFTC’s real job at the highest levels is intended to keep the shenanigans under wraps, so the people didn’t learn of them, or if they did, to validate them as fine-and-dandy machinations of a modern financial market.
I figure most of the people who work for the CFTC at lower levels were hired off the street and wouldn’t know a ASE if one hit them in the eye. To most of them, silver is likely just an abstract, unreal thing that banks play with, and sell back and forth, to maintain “orderly markets.”
The storied silver price did not shutter at the news, for today it has moved up a quarter of a percent in US Dollar terms. It was not surprised that its long-time foes, the international bankers, held control enough over the machinations of the U.S. government to stop the investigation. The CFTC is an arm of the banks. They will not help anyone other than the banks when it comes to fairer markets. Every option the investing public has is set to be gobbled up by taxes and regulation. There is a war taking place on silver, and little old CFTC cannot stop this war. Only the tireless work of thousands and then millions of people interested in free markets and justice can do this.