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Here Is The FT's Gold Price Manipulation Article That Was Removed
Two days ago the FT released a clear, informative and fact-based article, titled simply enough "Gold price rigging fears put investors on alert" in which author Madison Marriage, citing a report by the Fideres consultancy, revealed that global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013.
To those who hve been following the price action of gold in the past four years, gold manipulation is not only not surprising, but accepted and widely appreciated (because like the Chinese those who buy gold would rather do so at artificially low rather than artificially high fiat prices) and at this point, after every other product has been exposed to be blatantly and maliciously manipulated by the banking estate, it is taken for granted that the central banks' primary fiat alternative, and biggest threat to the monetary status quo, has not avoided a comparable fate.
What is surprising is that where the FT article once was, readers can now find only this:
And since we can only assume the article has been lost to FT readers due to some server glitch, and not due to post-editorial consorship or certainly an angry phone call from the Bank of England or some comparable institution, we are happy to recreate it in its entirety. Just in case someone is curious why gold price rigging fears should put investors on alert.
Gold price rigging fears put investors on alert
By Madison Marriage
Global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy.
The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price, which is set twice a day by Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia and Société Générale in a process known as the “London gold fixing”.
Fideres’ research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behaviour”.
“[This] is indicative of panel banks pushing the gold price upwards on the basis of a strategy that was likely predetermined before the start of the call in order to benefit their existing positions or pending orders,” Fideres concluded.
“The behaviour of the gold price is very suspicious in 50 per cent of cases. This is not something you would expect to see if you take into account normal market factors,“ said Alberto Thomas, a partner at Fideres.
Alasdair Macleod, head of research at GoldMoney, a dealer in physical gold, added: “When the banks fix the price, the advantage they have is that they know what orders they have in the pocket. There is a possibility that they are gaming the system.”
Pension funds, hedge funds, commodity trading advisers and futures traders are most likely to have suffered losses as a result, according to Mr Thomas, who said that many of these groups were “definitely ready” to file lawsuits.
Daniel Brockett, a partner at law firm Quinn Emanuel, also said he had spoken to several investors concerned about potential losses.
“It is fair to say that economic work suggests there are certain days when [the five banks] are not only tipping their clients off, but also colluding with one another,” he said.
Matt Johnson, head of distribution at ETF Securities, one of the largest providers of exchange traded products, said that if gold price collusion is proven, “investors in products with an expiry price based around the fixing could have been badly impacted”.
Gregory Asciolla, a partner at Labaton Sucharow, a US law firm, added: “There are certainly good reasons for investors to be concerned. They are paying close attention to this and if the investigations go somewhere, it would not surprise me if there were lawsuits filed around the world.”
All five banks declined to comment on the findings, which come amid growing regulatory scrutiny of gold and precious metal benchmarks.
BaFin, the German regulator, has launched an investigation into gold-price manipulation and demanded documents from Deutsche Bank. The bank last month decided to end its role in gold and silver pricing. The UK’s Financial Conduct Authority is also examining how the price of gold and other precious metals is set as part of a wider probe into benchmark manipulation following findings of wrongdoing with respect to Libor and similar allegations with respect to the foreign exchange market.
The US Commodity Futures Trading Commission has reportedly held private meetings to discuss gold manipulation, but declined to confirm or deny that an investigation was ongoing.
h/t Noel
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I like buying cheap silver. They could be saying "we want it all and you can't have any". I need to buy cheap silver until I retire and then I hope it blows up in their faces. That is the plan Stan.
Glenn Greenwald's and Snowden's website - The Intercept: https://firstlook.org/theintercept/ - is up and running with the full story, all images and links: First story of today…enjoy.
Glenn Greenwald's and Snowden's website - The Intercept: https://firstlook.org/theintercept/ - is up and running with the full story, all images and links: First story of today…enjoy.
Gold prices are fixed?
Fixed...tutored
http://www.sundayeducation.com/wp-content/uploads/2011/08/Vet_tutored.jpg
I am curuios,why even this article saw daylight,even for a while?
it's glitch in the matrix ...
Good question. The FT weekend editor must have been hungover or Lionel Barber was skiing or something:)
But the article did make it into the Monday edition of FTfm which is the fund management supplement. It's on the front page of FTfm. So why they pulled the FT.com version knowing that it was in the print edition. The FTfm supplement may have been printed in advance and they couldn't redo a new cover page in time. The FTfm content would be uploaded to the FT.com site as a bunch of content, so maybe it was only then that it was spotted by the censors.
Maybe the left hand in the FT doesn't know what the right hand is up to over the weekend, or two different editors who are probably all being balled out of it right now by Pearson and the BoE's Mark Carney.
Or maybe the 5 banks threw some lawyers at it and threatened the FT
Reuter news not:
Dog found dead outside of FT editors door.
Reuter news not 2:
Editor wakes up next to decapitited horses head.
It may not be totally relavent... but when Gensler, Geithner and Bernanke get together... who get's to be "Lucky Pierre"?
is that a prize, like a Mt Gox bitcoin account?
When those three swinging dicks get together, we all take an ass-raping.
Someone tell Mr. Marriage to stay away from nail guns.
On a separate note why is there any need for five guys with five phones to set the price of gold and silver. Isn't that what the exchanges are there for?
Gold and silver are directly corrilated to the price of oil; oil has an inverse relationship to the dollar.
Sorry, there is more at play than that.
Here is a rabbit hole enter-ance. Carefull where you step.
http://www.iamthewitness.com/books/A...y.Changers.htm
Ah yes, a rabbit hole for certain:
Also from that link...Hear Hear!
** Nowadays that might lead some to call Andrew Jackson a commie socialist. /s
"Couple Find Gold Coins Worth $10m In Back Yard"
http://news.sky.com/story/1217412/couple-find-gold-coins-worth-10m-in-ba...
Anybody missing anything? Check your back pockets!
So that's where some of JPM's vaulted gold went.
Backyard boating accident?
Midnight gardening.
Thanks for repritng it.
To paraphrase Forrest Gump
" sometimes there's just not enough nail guns "
What's worse, leaving the article up on FT and hoping few people notice it or taking it down and hoping Tyler doesn't notice it?
What isn't rigged, manipulated, gamed?
It's a very short list.
onions
After reading 2 pages of blogs, I'll just fast-forward to Lessons Learned:
1. Nice to know, but we've known and felt this manipulation for over a year.
2. If you're going to invest in the Market and want to use one of the famous houses, might as well go to the guys doing the rigging.
I went for "printer-friendly" and the CONTROL-P as soon as I could as I read the headline/story.........
How fucked up is it that I could EVEN IMAGINE that that was necessary?
The nature of the manipulation has simply changed recently. Now the price is being allowed to rise in an orderly fashion so as not to panic herds of sheep.
The FT doesn't have the honesty to admit that the page has been REmoved, not moved.
Could you post the original URL? Some of us may be able to find a copy of it with a proxy server somewhere.
http://www.silverdoctors.com/another-jpmorgan-employee-dead-at-34/
"Like us on Fakebook!"
---London gold crew
someone (wink wink hint hint) is going to be receiving a letter soon from FT's inhouse lawfirm.
I politely suggest you remember your TOS Tyler.
Fight for the people!
If we're managing to survive / profit from trading rigged markets , imagine the simplicity if ever they create a fair and level trading arena !!
Thieving gits ! :)
If we're managing to survive / profit from trading rigged markets , imagine the simplicity if ever they create a fair and level trading arena !!
Thieving gits ! :)
Headline: Dog Bites Man
that article was sleight of hand. they probably took it down because it is a giant nothingburger. they call it the london gold fix, duh. the real manipulation happens in the futures market with fictitious leases and nobody, and i mean nobody, in the msm will ever talk about that elephant, er, whale in the room.
Giant shit sandwich with no bread, and a "nothing burger" on the side. They have been fuking the gold market for years.
Lets see someone "Splain" the action in $Natgas last couple days.. I know... The weather and the contract expiration... "Oderly Markets" are US
Paper gold, the sham bailment of rehypothecated actual gold, should not only not be priced as actual gold, but should in fact be referred to with a different word.
I humbly suggest pAUper.
We're hosed
Cleetus
I agree 100% anybody who refers to GLD, or any ETF/ETN as "GOLD", should be tarred and feathered.
That's why this article is meaningless.
They should say "PAPER GOLD" is manipulated, fuck yes, cuz it can be dilluted by share.
But PHYS-GOLD by definition MUST follow the laws of physics.
Fuck anybody that try's to say that PHYS-GOLD is paper-gold.
Paper gold, aka GLD, should be called "FoneyGold", in respect to ZH's greatest Tyler.
Don't let us sink now.. QE5 and myRA..
Good times
-Cleetus
Well, they call it "Gold fixing", don't they?
Sorry seems to be the hardest word..
The ‘memory hole’ of George Orwell’s 1984 is alive and well at the Financial Times of London
When US stock futures rally every morning at 4AM, and Gold gets slammed at 6am.... Don't worry about it, let free "Market" Capitolism Rain on your head and trickle down your pant leg.
Someone's urinating on me and defining it as rain...
It all depends on what your definition of wiz is.
off topic: so McFaul is gone as US Ambassador to Russia. Care to guess who Obama will install?
http://www.themoscowtimes.com/news/article/mcfaul-leaves-post-as-us-amba...
I think it will be someone like Strobe Talbott [of the Brookings Institute]. In any event, a neocon, if not connected to Brookings then to CFR...someone like Nuland, really.
Here are the quotations from Strobe's wiki
of GOG and MAGOG, I think GOG stands for the Globalist Occupied Government. Americans, by and large, don't seem to mind it.
It's not that they don't mind it.
Their's is a benign ignorance, a purposeful ignorance, or a pernicious one depending on who or which group of people we are talking about.
We are not all of one mind, far from it.
In this househild a member of the family is having serious career issues after blowing the whistle on her boss, and taking a violation of company policy up the line and now paying the price because she forgot or never knew the Machiavellian tenet, to wit: "If you shoot at the King, you must Kill the King".
Her time is mostly consumed with a variety of feelings and thoughts about repairing the damage and moving on, necessitating a lot of research into a new career. She has no energy left to deal with the global issues.
My next door neighbor travels 80% of the time to make enough money to retire on in 5 years when he turns 70. He has no time to devote to gathering the information from this site, to learn about what is happening in the real world and not just what he sees in the few moments he gets to devote to things other than work.
His wife is also exhausted at day's end.
Any number of my relatives who are in their 20s 30s and raising families have no time to get involved in activities that would enhance their knowledge and subsequently raise their blood pressure enough to "mind it".
Then you have the couch potato who just wants to get thru the next 20 yrs and be done with it.
This disparate population of 330,000,000 cannot organize enough of themselves to fight the good fight against a couple dozen very very organized Oligarchs and Plutocrats, and Aristocrats in our institutions with a common set of goals to own it all, whose opinion of mankind other than their coterie of like minded elitists, is one of condescension, antipathy, and black-hearted exploitation.
Thankyou Tyler .....Maybe we should call/Email Madison Marriage and see what REALLY happened.....
what has the FT and MtGox got in common?
February 26th 2014
Dear MtGox Customers,
As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues.
Furthermore I would like to kindly ask that people refrain from asking questions to our staff: they have been instructed not to give any response or information. Please visit this page for further announcements and updates.
Sincerely,
Mark Karpeles
Dear MtGox Customers,
In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.
Best regards,
MtGox Team
Mt-Gox Karpeles Buys Israel, Correction He Buy's 500 Million USD ticket to Israel
BITCOIN/AIPAC- The Comlete Story about How some AIPAC Wunderkids Tried to Create a New Currency World for Israel
SHREM & KARPELES – A Who’s WHO is the dark world of the AIPAC MAFIA, Myer Lansky lives and the ZIONIST Mafia Controls the world.
Two men tried to rule the world on behalf of AIPAC, Shrem & Karpeles, Shrem ran the black-market for BITCOIN, and Karpeles acted as the BANK of BITCOIN for the entire world.
The Ponzi has crumbled, … here is the complete story about how AIPAC tried using the NSA/CIA to create the perfect virtual currency to rule the earth.
Three parts to this AIPAC story.
1.) Exchanges, all ran by MT-GOX, the exchanges act as banks, … its where real money, aka USD $$ becomes BIT-SHIT.
2.) Black market, if you don’t control the black market, you don’t have a reserve-currency.
3.) Bitcoin Mining, all majority controlled by UKRAINE, Israel gave them as a GIFT
[ Yes, BITCOIN was created by the NSA/CIA&MOSSAD, aka AIPAC/ISRAEL.
Recently a 1996 NSA report surfaced, ‘predicting’ a crypto-cyber unit eerily close to Bitcoin. So eerily close, that, knowing their M.O., the question arises whether this report is a prediction, or a plan.
The report can be found here. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsa... ]
*Mark Karpeles, who bought the Fantasy Game biz, and turned it into the worlds largest BITCOIN bank, … has fled to ISRAEL
Mt. Gox, once the world’s biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at “a turning point” but gave no details.
Several other digital currency exchanges, including Bitstamp and BTC-E, issued statements attempting to reassure investors of both bitcoin’s viability and their own security protocols.
The website of Mt. Gox suddenly went dark on Tuesday with no explanation, and the only activity at the company’s Tokyo office was outside, where a handful of protesters said they had lost money investing in the virtual currency.
Hours later, Mt. Gox CEO Mark Karpeles told Reuters in an email: “We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can’t tell much more for now as this also involves other parties.”
He did not give any other details.
The Tokyo-based Mt. Gox had halted withdrawals earlier this month after detecting “unusual activity,” and on Sunday Karpeles resigned from the board of the Bitcoin Foundation, the digital currency’s trade group.
Mt. Gox, which began as a venue for trading cards, had surged to the top of the bitcoin world, but critics, from rival exchanges to burned investors, said the digital marketplace operator had long been lax over its security.
Tokyo investors in bitcoin, who have endured a volatile ride in the value of the unregulated cyber-tender, said the problem was with Mt. Gox, not with the revolutionary currency itself. Bitcoin has had a wild ride of late, sharply losing value in recent weeks as cyber attacks have intensified. Since Sunday, the price of Bitcoin is down to $530 from $610 on Bitstamp.
A document circulating on the Internet purporting to be a crisis plan for Mt. Gox, said more than 744,000 bitcoins were “missing due to malleability-related theft”, and noted Mt. Gox had $174 million in liabilities against $32.75 million in assets. It was not possible to verify the document or the exchange’s financial situation.
If accurate, that would mean approximately 6 percent of the 12.4 million bitcoins minted would be considered missing.
A statement on Bitcoin’s website said, “In the event of recent news reports and the potential repercussions on MtGox’s operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.”
Mt. Gox was a founding member and one of the three elected industry representatives on the board of the Bitcoin Foundation. A bitcoin exchange since 2010, Mt. Gox is a relatively old player, having grown quickly when there were few alternatives.
“Mt. Gox is one of several exchanges, and their exit, while unfortunate, opens a door of opportunity,” said The Bitcoin Foundation in a statement. “This incident demonstrates the need for responsible individuals and members of the bitcoin community to lead in providing reliable services.”
Steve Hudak, spokesman for Treasury’s anti-money laundering unit, the Financial Crimes Enforcement Network (FinCEN), said it is “aware of the reports regarding Mt. Gox” but had no additional comment. To date it is the only U.S. regulatory agency to have any oversight of Mt. Gox.
In a statement, Benjamin M. Lawsky, Superintendent of Financial Services for the State of New York, said that while all of the facts surrounding Mt. Gox are “not yet clear, these developments underscore that smart, tailored regulation could play an important role in protecting consumers and the security of the money that they entrust to virtual currency firms.”
Lawsky said last month that he planned to issue rules for businesses handling virtual currencies.
”Very Angry”
Bitcoin has been a roller-coaster of late, rising and falling dramatically, sometimes on an intraday basis, and its price varies greatly depending on the exchange.
The Mt. Gox bitcoin, which traded at $828.99 before February 7, when the exchange halted withdrawals, since plunged 83.7 percent to $135. Coins at Bitstamp, another large exchange, at one point hit $400 on Tuesday, down 40 percent since February 7. It had recovered lately to $530, while on Bulgaria-based rival btc-e, it traded at $521.
“I’m very angry,” said Kolin Burges, a self-styled “crypto-currency trader” and former software engineer who came from London for answers after Mt. Gox failed to tell him what had happened to his bitcoins, which at one point were worth $300,000.
“It looks like that’s disappeared,” said Burges, one of six protesters outside the Mt. Gox office, which was as deserted as a nearby cafe that had formerly accepted bitcoins as payment. In a statement last week, Mt. Gox said it had moved office because of security issues.
Some protesters carried signs saying, “Mt. Gox, where’s our money?” and “Mt. Gox, are you solvent?”
“They prolonged this and kept telling people everything was OK,” Burges said. “A lot of people did believe that, and it’s very annoying what they’ve done to me and up to a million others.”
Six leading bitcoin exchanges – which allow users to trade bitcoins for U.S. dollars and other currencies – distanced themselves from Mt. Gox.
“This tragic violation of the trust of users of Mt. Gox was the result of one company’s actions and does not reflect the resilience or value of bitcoin and the digital currency industry,” the companies – Coinbase, Kraken, Bitstamp, BTC China, Blockchain and Circle – said in the statement. “As with any new industry, there are certain bad actors that need to be weeded out, and that is what we’re seeing today.”
Bitstamp separately said its customers are safe and “nothing is amiss,” adding that it has “conducted a thorough audit of our bitcoin accounts.”
“Teething problems”
Bitcoin users said they see the problem with Mt. Gox as isolated and not with the virtual currency, even though bitcoin’s value and reputation has taken a beating globally.
Virtual currency exchanges “stand to benefit from the Mt. Gox fallout,” but there will be “increased expectations on the transparency and disclosures they need to make to customers,” said Jaron Lukasiewicz, co-founder and chief executive of Coinsetter, a New York-based bitcoin exchange.
Japan’s financial regulators have largely given bitcoin a shrug. A spokesman for the Financial Services Agency said bitcoin is “not a currency” but an alternative, like gold, and therefore not subject to their oversight. Japanese Finance Ministry officials also said they are not in charge of regulating bitcoin.
In the United States, Alabama’s securities regulator said he will issue an alert on Tuesday, cautioning consumers and investors to stop trading on bitcoin exchanges or adding to their accounts if they are having trouble redeeming the digital currency or cashing out.
Democratic Senator Tom Carper of Delaware, who chairs the Homeland Security and Governmental Affairs Committee, said in a statement that the “disturbing news today from Japan is a reminder of the damage potentially ill equipped and unregulated financial actors can wreak on unsuspecting consumers. U.S. policymakers and regulators can and should learn from this incident to protect consumers.”
Karpeles himself, while insisting on his own exchange’s reliability, has made no secret that bitcoin is, as he told Reuters last April, a “high-risk investment”.
“If you buy bitcoins, you should buy keeping in mind that the value could be zero the day after.”
The concierge at his home – an upscale apartment in the Shibuya district – said he was not answering his intercom. His mailbox was so stuffed with mail that the flap would not close.
TOKYO, Japan — Mark Karpeles is the man who built the world’s largest bitcoin exchange. But now that the digital currency is reaching the mainstream, his success may slip through his fingers.
In 2011, Karpeles bought a fledgling website called Mt. Gox. Founded a few years earlier by an unemployed software hacker named Jed McCaleb, the site was originally an online marketplace where people could buy and sell cards for Magic: The Gathering, a weirdly addictive trading card game. Mt. Gox was short for “Magic: The Gathering Online Exchange.” But then McCaleb turned it into a website where people could exchange cash for bitcoins, a digital currency that had only just found its way onto the internet, and just as the exchange started to take off, he sold it to Karpeles.
Under Karpeles, Mt. Gox evolved into a reliable marketplace for buying and selling bitcoins, now the world’s most popular digital currency. By one estimate, Karpeles has made over $8 million plus 345,000 bitcoins (at current rates: $86 million) swapping bitcoins for dollars and yen and other federal currencies. But much like McCaleb, he’s a hacker rather than a businessman. He seems more at home talking about IRC than the IMF, and as Mt. Gox has grown, he and his company have found it difficult to deal with the realities of the financial world.
Bitcoin is at a point where it will either find a way to play nicely with regulators or fail to reach its obvious potential as a currency that can truly change the world
In all, 2013 has been a horrible year for Mt. Gox. The feds have seized $5 million from its bank accounts, claiming that Karpeles and company operated a money transmission business without properly registering with federal and state authorities. Then there’s the $75 million lawsuit with onetime-partner CoinLab. And with its U.S. bank accounts seized, Mt. Gox has had a terrible time moving money to U.S. customers, many of whom are rather uphappy about it. Although the company won’t answer questions about its problems, they appear to have spread to other countries as well. In Vancouver, Canada, owners of a bitcoin trading shop called Bitcoiniacs say that every week they deal with walk-in customers who are frustrated by their inability to get their money out of Mt. Gox.
Then, last month, Mt Gox briefly lost its status as the world’s largest bitcoin exchange, falling behind not one but two other operations: one in China and one in Slovenia.
Karpeles and his company are a metaphor for the bitcoin world as a whole. Created by an anonymous computer scientist — or group of computer scientists — the digital currency rose to prominence after it was embraced by software geeks across the globe. But now, as its influence continues to grow, these young, idealistic hacker types are running into the government regulators who control the existing financial system, and this doesn’t always go well. Bitcoin is at point where it will either find a way to play nicely with regulators or fail to reach its obvious potential as a currency that can truly change the world.
When someone using the name Satoshi Nakamoto dreamed up the math-based bitcoin currency in 2008, it was very much born of a mistrust in the international financial system. Lehman Brothers had just declared bankruptcy and rampant speculation had pushed the world’s economy to the brink. The bitcoin standard was quickly seized as a rallying point by libertarians and cryptographers — a technically elegant financial hack that embodied both a payment processing system that would work without the banks, and a currency that would be inoculated against inflation. The total number of bitcoins is fixed at 21 million. The last one will be minted in 2140.
Mt. Gox was a big part of the currency’s growth. Back in January, a single bitcoin traded for $13, and Mr. Gox was a rarity in the Wild West of bitcoin startups: a trusted brand. When the exchange was hacked soon after Karpeles took over in 2011, he didn’t fold and leave his customers hanging, as other fly-by-night bitcoin businesses had done. He made good on his obligations and built a measure of goodwill throughout the bitcoin community. “They’ve made it through a lot of difficulties in the past,” says Greg Schvey, head of research with The Genesis Block, a bitcoin market analytics company. “They basically built the digital currency exchange market.”
But you can point to the exact date that this goodwill started to sour: May 14, 2013. That’s when federal agents seized $2.9 million, shutting down a Wells Fargo bank account belonging to a Mt. Gox subsidiary. Mt. Gox had been using this account as a critical stepping stone to pay off its U.S. customers. The next month, the government seized another $2.1 million from a second bank account. Later that month, Mt. Gox temporarily suspended U.S. money transfers, and since then, its ability to move money to the U.S. has ground to a near-halt.
Mt. Gox was receiving between $5 million and $20 million in incoming transfers each day, while paying out somewhere between $300,000 and $1 million.
Karpeles may have helped bootstrap the bitcoin world, but the feds say he made a basic mistake when he set up the bank account used to disburse funds in the U.S.: he claimed that he was not in the money transmission business. He hasn’t had a lot of contact with the media, and he won’t talk to WIRED. But you can glean at least a little about the man online. Until this summer, he was ubiquitous on bitcoin forums, where he posts under the pseudonym Magical Tux, also his Twitter and GitHub handle. His LinkedIn profile says he’s the CEO of Mt Gox’s parent company, but the skills he lists on the site tell a different story. It’s all geeky programming stuff: “Linux Servers, Network Security, PHP, Bash, C, C++, Posix API, ASM.”
In interviews posted online, this same geeky side of the man is even more pronounced. When Reuters interviewed him about bitcoin’s future last April, Karpeles spent the interview perched — awkwardly and without explanation — on a blue exercise ball. He told the news agency that Mt. Gox was receiving between $5 million and $20 million in incoming transfers each day, while paying out somewhere between $300,000 and $1 million.
Even for those who count themselves among Mt. Gox’s friends, this interview was a bit weird. You can’t take the interview seriously if you have “the CEO of the most important business in bitcoin sitting on top of a bouncy ball talking about world-changing ideas,” says Roger Ver, an early bitcoin investor who knows Karpeles well and considers him a friend. And when you consider its ongoing banking woes, and how opaque Mt. Gox has been about explaining them, the company is even harder to believe in.
*
BitInstant
BitInstant was a Bitcoin startup company based in New York City . Founded in 2011 by Gareth Nelson and Charlie Shrem , BitInstant …
[ Black Market - SHREM ]
Winklevoss twins (section Bitcoin) FACEBOOK FOUNDERS Source of CASH to ENGINEER the CRIME
have led a seed funding round for Bitcoin payment processor … However, in January 2014, Charlie Shrem , CEO of BitInstant, was arrested and …
[ Yes, of course FACEBOOK (NSA/AIPAC), is involved in BITCOIN, and so is the WINKELVOSS fuckheads, they are the source of CASH for all USA operations. ]
Their enemy is the truth. What did Jesus say he was again?
Oh big surprise here. Antything that has associated red and green flashing lights is a target for manipulation no matter what it is. If the big banks are making money everyday......someone is losing money everyday. Plain and simple.
Thanks for posting, Tylers!
Welp, looks like they're caught now. I'm expecting some big apologies in a couple of days. Holding my breath....
Give me strength. I keep seeing the pattern, gold pricing from HK lunch time to LME lunch gets knocked down, ASX mining stocks always see gold weakness. Same goes for Friday. Only after the ASX market closes does the price spike up before the weekend close. Don't over-analyse it, there is no consistency. Otherwise I would capitalise on it.
Works for me.
The governments and media bosses are allergic to the M-word these days.
Here is a link that works with a 5 min video.....
conspiracy fact ??
http://www.ft.com/intl/cms/s/0/6d2f697a-8da8-11e3-bbe7-00144feab7de.html...
Daily price fix is hilarious. The banksters obviously originated the phrase "the fix is in."
THE CFTC is in on it too. Haveing the Fox gaurd the Hen House, THey were probably on the conference call with TBTF Banks.
They manipulate PAPER-GOLD,
NO physical gold is/was harmed.
You play with paper-gold or bitcoin, then you deserve to be bit-fucked.
go to:
http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html