JPMorgan metals traders indicted by the DOJ
Sep 18, 2019
This is really huge, because JPMorgan has long been involved in price manipulations of gold and silver at the expense of ordinary traders. The DOJ has indicted 3 of the traders, including the head of the metals trading desk at JPMorgan (who is also on the board of the LBMA).
Previously, it seemed that the government watchdogs (CFTC and the FED) had authorized them to suppress the price of gold and silver in order to make the US dollar look better, relatively speaking. No doubt they will claim that they are an agency of the government and therefore cannot be sued for doing what the government told it to do.
Their case rests on whether the “government” is the unelected Deep State that has been running the government agencies with impunity, or those actually elected to office.
JPMorgan is also blaming Bear Stearns. But if so, why did JPMorgan go along with the criminality for so many years? And why did they not alert the authorities when they first “discovered” that Bear Stearns was a criminal enterprise?
Here is the actual (scathing) indictment:
It looks like the price of gold and silver is soon going to be allowed to rise to its actual market value. Or, to look at it more accurately, it looks like the value of the dollar will be allowed to seek its true value by going down, relative to gold and silver.