GATA’s Chris Powell: ‘CFTC Has Been Told the Silver Manipulation is a US Gov’t Operation’
GATA’s Co-Founder Chris Powell discussed the FT’s report that the CFTC is dropping it’s silver investigation on tonight’s Capital Account with Lauren Lyster.Powell’s thoughts regarding the FT’s propaganda that JPMorgan has NOT been involved with silver manipulation:
When Lyster asked Powell about Bart Chilton’s denial of the FT report (which SD broke Sunday night here) Powell responded that
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great!!
Whatever happens, other forces than the CFTC will probably affect silver more, as in Greece etc.
Ah, btw, Greece just got downgraded from CCC stable to CCC negative by S&P, and Schauble in Germany said today that a Greek exit would be manageable.
I smell a default coming.
Hmmm,
this is weird, after posting S&P’s outlook downgrade of Greece from CCC to CCC-, I looked it up online, and there is no media reporting it. I even went on S&P’s website and Greece is still posted at CCC without the negative outlook. I don’t know why it’s not being reported anywhere (except French media).
I guess the French are quick
http://www.lefigaro.fr/flash-eco/2012/08/07/97002-20120807FILWWW00548-spgrece-perspective-de-note-baissee.php
LBJ said we have a LOT of silver and he would use it to prevent this ever happening. That was true in 1963.
It took a while, but they no longer have a LOT of silver.
Let’s see what they pull next.. Didn’t know you were getting into a fray this ugly, didja? I know I didn’t. It’s going to take a set of cojones to hang on to the goal line.
When I said that it would end in an EO, the other day, I wasn’t kidding around. Now this. Gov’t intervention. Timmy? First I ever heard anyone say it goes all the way up to the House. No surprise. I’ve been saying for years the NY Fed sends an armored car, every morning while the people are sleeping, to JPM for the day’s manipulation. I got that piece of the puzzle from a poster from a site you need a very good BS filter. Don’t do that often, but something was telling me in the back of my mind this person was telling the truth. The past few months tells you they are in complete manipulation mode. And I don’t see that ending until the $$$ boys have decided it’s time to take it to the moon. People are still asleep to G&S and will be kept on the chloroform until it’s too late. All I can say is time is running out, people, buy buy buy.
I wonder why the video has been pulled? I can’t bring it up on your tube as well. Went to the RT site and it is not there. I just finished loading my new computer. Is it my computer or am I missing something?
Never mind. I was able to locate a copy.
Amen Silverhawk
Stack stack stack
I’v been following Ted Butler since 1999, and realized FED has been manipulating gold and silver market in order to protect $. And the game is now ending. We will see silver going over $100/oz by Jan 2013 regardless what the Fed do.
I also commented here that PCLN, CMG, AAPL, ISRG missing their earnings and crash and they did.
What is coming soon to CRASH: DIN, CRUS, LL, MLNX, IOC, …
Time will tell.
Go Lauren! Do you thinks she stacks?
Slightly off topic I came across this video today on the US Debt Bomb – very funny.
I’m calling bullshit. Their backs are against the wall, and they pull another psyop. Pile on the pressure and keep stacking. We already know the government/Federal Reserve is behind it. We have our boot on their throats, we just don’t realize it yet, keep pressing until their is capitulation. It will be complete and total. We are close, this confirms it in my mind.
Tears-
I know she is stacked, er, stacks jewelry at least. <whew>
Wow, that was awesome. If I had a radio show, that would be my opening theme song.
Aloha and Good Evening & Good Morning for those on the East Coast. It is 9:14pm Hawaiian Standard Time and Silver is being raided down .27 cents and Gold is down $5.80. What significant event took place for Silver to take a nose dive over-night. Don’t say another (English Term) bloody bleeping correction! Manipulation and the CTFC and SEC are all in bed together! However, keep stacking & packing! I usually go to bed at midnight and I just enjoy and not enjoy the disingenuous ways these corrupt, common loons rip us good people off!
The simple fact of design construction and limits comprising the banknote scheme, make it inexorably self destructive. Increasing criminal extents to which banks and governments go toward preserving it are futile and the only solution that avoids complete implosion of the scheme (or corrects for it afterward) is to revert back to metallic money at its real rational inter-relationship with all other things in trade.
It’s a scenario straight out of King Kong. The beast’s ‘escape instinct’ is to climb to the top of a sky-scraper, only to be shot down for lack of any further height to attain. No matter how criminal the banks and governments become, the technical features of their objective has an ultimate limit. That limit is the degree to which economies can accommodate the scheme of self-inflating currency compelled by debt. Once that zenith is reached, the sole alternate direction is straight down.
Since there is no logical conclusion to the banknote scheme’s structural ’qualities’ but expiration, and there is no better alternative to it but metallic money … ‘stacking’ copper, silver and gold is a ‘no brainer’.
I should not have watched this Capital Account episode, just before going to bed. But, I did and I didn’t sleep well.
The fact that the government is working with JPM to suppress the metals is not a news-flash for me – but – I find it very disturbing, none the less. And – now I hear it being discussed more and more in the open.
Perhaps this all points to the fact that we are much closer to the end-game then they know.
The Fed is just the public point man. The real power is behind the scenes with the BIZ and the ESF.
* The banks have manipulated silver before (they demonetized it, Crime of 1873).
* People want silver to be money again (ie, increasing demand for physical silver).
* The banks will continue to manipulate silver (they do not want it to treated as money by the people).
* The banks have little control over the supply of physical silver (unlike gold).
* Silver is a tiny market relative to the financial system; it easy to manipulate.
* The banks do not manipulate silver for direct profit, rather to maintain confidence in fiat paper ‘money’ (the very thing that gives them power).
* If gold were already priced at $4,500/oz and silver at $300/oz, the value of fiat paper ‘money’ would be suspect, and people would start questioning the system. They would soon lose confidence in paper ‘money’.
* The banks manipulate silver (and gold) prices as a matter of survival. Without the existence of fiat paper debt ‘money’, hardly a bank would exist in its present form.
* The world would be a much better place without the existence of fiat paper debt ‘money’, but those who control its issuance and creation would suffer the loss of power and control over the people.
Lol, Tears! That was a hilarious video. Makes me wonder if the “president” was going into conference with his ass-ociates after the speech? The dancer on the right reminded me of Ann Barnhardt. :-D