Gold price "fixing" by big banks is compounded with massive market manipulation using derivatives. As big banks have more access to funds and faster computer systems for trading, they are obviously in a position to rig markets and exploit smaller traders. Legal convictions of bank staff for rigging FX markets prove this is what big banks do.
Regulatory bodies, such as the SEC, continue to turn a blind eye to such practices, while few bank staff caught or sacrificed as scapegoats get any more than symbolic punishment. And corrupt bank practices continue...
Greg, what you're doing is bringing this to people's attention who may not have known about this before. When enough people SEE with their own eyes, and suffer loss of investments, then they'll be moved like waters behind a cracked dam. When it is seen what's going on, the SEC will no longer be able to ignore people's anger at SEC inaction to properly "investigate" banksters' market-rigging and "fixing" practices.
In 2008, the big banks should have been allowed to go bust, as the free market dictated! Sure, ordinary people would have suffered too. But what we have now is even more blatant bank corruption than before, fueled by QEeer money funneled to those very banks that should've gone bust due to their previous bad practices. Now we're in an insane shituation with these banksters who basically hold governments to ransom. Thus government regulatory bodies are AFRAID to do anything, because THE WHOLE SYSTEM is in danger of coming down with the credit/debt bankster system.
Methinks we're creeping into a state of deep freeze with little volatily or flow in markets. Imagine - The Last Day - everyone, people, traders, banksters, gov officials all standing frozen eyeing each other unable to move from their POSITIONS - FROZEN MARKETS! Angry people, lying officials, corrupt banksters holding shitloads of paper gold contracts for which even ALL THE GOLD IN THE WORLD cannot fill!
Financial bankster system runs on hollow lies attempting to grab all assets in the world, but in their greed they grab more than God allows. Then they end broke, with nothing. Until that time, banksters will continue, their greed, lies growing BIGGER! They'll run in place to their end, like blowing balloons, like Madoff! Best get money outta da banksters hands while still possible. Best retreat away from this system before it blows. Best to have as least to do with it as possible. And that includes staying out of markets that look like volcanoes going off, but if you're IN them you could end up like those bodies frozen in lava at Pompei!
You are viewing a single comment's thread from: