This page has been archived and commenting is disabled.
Because Nothing Says "Best Execution" Like Dumping $1.5 Billion In Gold Futures At 0030ET
For the 5th day in a row, "someone" has decided that 0030ET would be an appropriate time (assuming the 'seller' is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold - amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.
The timing of the dump is right as Japanese trading breaks for lunch
Gold dumped...
and silver too..
As The USD pushes higher.
* * *
One more random thing... the oddly spurious correlation between gold prices and Japanese bank VaR proxies is back again
»
- 55299 reads
- Printer-friendly version
- Send to friend
- advertisements -
<<< I'm buying fizz
<<< I'm selling fizz
Watchadoin'eer ?
my screen has a financial ad selling gold eagles for 1198
Roger that, and underneath Gold price 1148. That's a >4% premium.
Could possibly get stronger job numbers based on part-time seasonal workers this Friday so watch out $1100 if it beats expectations.
Best to sit in cash waiting and ride the price down until there is some kind of indictation the bottom has arrived.
As far as the miners are concerned they should completely shut down production and sit on whatever inventories they have until further notice.
They want to fuck around with the price... then the miners should band together and fuck around with the supply.
China.
They want it cheap.
Simple fact - gold's crash and lowering prices the result of heavy and continuous manipulation. Likewise the high stock prices a result of a similar game by TPTB.
Now we can estimate the genuine 'market' value of stocks in an environment without a PPT and free money to pump. Likewise we can estimate the genuine value of gold and silver against M2 where the correlation for 20 years is around 95% until of course the decision was made to trash them by selling 'fake' gold via paper.
Question is what you going to buy.
There is obviously one here who would prefer to hold stocks at the very artificial high, and happy to diss metals and those holding them, when they are at very artifical lows. One with little intrinsic value and the other with high intrinsic value across nations and generations.
So sell all your metals and buy stocks. Or sell all your stocks and buy metals?
There is atleast one here who is a lover of fantasy assets and believes the proven assets of millenia, even the one Greenspan now recommends ffs, is not worth it.
But I guess when blatant injustices don't affect you it easy to be smug, arrogant and poke fun. BUT it is those type who squeal most when something unfair happens to them and they want support.
So yeh, just sit on the sidelines and snipe....if it makes you feel good. But don't complain when they are out there raping your wife, daughter, and you...because they can get away with it. I will give you a little golf clap.
Zimbabwe dollar is king. Be careful with the sentiment that USD is king...things much more volatile now days, and changes can occur rapidly...too rapidly for you get out the door first.
I am sure there are some Zimbabwians crowing about their quadrillions on the Zimb. stock exchange.
PS. A gold price like 1,145 will near on destroy major Australian gold miner Newcrest Mining. There will be major moth balling going on as many of their mines are already operating at a loss.
This will be multiplied across the globe.....if sub 1200/1300 is held too long...next years gold production will be fun to see.
Expect China, Russia to buy up some cheap major producers.
Agree Kina.
Gold like Oil and NatGas will stay in the ground, before its time.
If there are wars later...they will be for the mineral rights.
Listen Zero's.
I like you gold guys. You all seem to "GET" it.
But in the wrong place.
Back around '03,I started to notice that various people in the US and abroad were complaining that huge amounts of money were going missing.A pension fund looted over here,a couple trill missing at the Pentagon,various and sundry securities swindles like World Com,Enron &c.Not to mention dozens of implosions at all different kinds of banks,The S&L's,BCCI,and other situations-hundreds and hundreds of billions looted from the Former USSR.It seemed to me that SOMEBODY was out in the World Hoovering up all of the Money.Then I noticed that SOMEBODY was encouraging people to extract the eqity from their homes for no good reason.It appeared to me that by the time the Great Culling(which I thought would happen in the Ides of March 2009) was completed SOMEBODY needed unlimited funds for a Project of some kind.It did occur to me that massive Gold and Silver Manipulation might be The Project.At the time I thought it unlikely because-too Blatant.I finally got bored of tallying up missing money.I counted 98 trill + a few hundred bill here and there-Missing Money from '90 on.I believe the true amount of Missing Money must be 3x what my puny efforts could detect.Nobody Cares.We have not seen unlimited Wealth on this scale since the Pharoahs.Expect No Quarter,and Hedge Accordingly.
This trend would whiplash back and send gold & silver to the moon... IF... China and Russia didn't want to accumulate such huge quantities of physical gold.
As long as China and Russia want to accumulate boatloads more physical gold and silver they will keep their mouths shut and allow JPM and other owners of the federal reserve to manipulate gold and silver lower via paper-gold vehicles, including [always-rolled-over] highly leveraged futures contracts.
Of course the motivation for JPM and federal reserve is sorta opposite that of China and Russia. JPM and the fed want gold prices low to make the dollar look stronger even while they print more fiat like Zimbabwe or Weimar Germany.
However, once China and/or Russia decide they have enough gold, it will be in their interest for gold and silver to double, triple, quadruple or more to increase the value of their accumulated currency-backing assets... their gold and silver.
When they make that decision, and while gold and silver are near their lowest, they can place astronomically huge orders on futures markets for physical gold (at many expiration dates). This will have two consequences. They will have locked in a bargain basement for astronomical quantities of physical gold and silver... at the same time they will cause the price of physical to rocket past the moon. And when the exchanges fail to deliver as promised, this will only serve to rocket gold and silver prices out of the solar system.
This will happen. When? Wish I knew. But for sure, nobody on the sidelines will have a chance, because the moment they place their orders, the prices of those precious metals will immediately skyrocket... so fast nobody else will be able to get on board.
Too bad timing is so difficult. But... long dated options might work, though options are always vastly more effective and powerful when your timing is right (and the options are much shorter dated).
There had to be some hyperinflation in there somewhere, perhaps in the middle, or on the sidelines.
LOL. Hyperinflation on the sidelines just waiting to invest in the markets.
.... interesting observations but also consider the effect these sell downs are having on the producers of these PM's most have had thier stock price boot fucked into the gutter and still falling while costs of production have been rising and any respite afforded by the declining petro-energy costs is surely too little too late to ease the pain of these mining companies potentially setting up an incredible buying frenzy by the Chinese or whoever - after all why stop at just buying the above ground supply if you can get the reserve base for pennies on the dollar as well..... no lost irony in the fact they will be paying with over inflated FRN's either.
This is exactly what they are doing, but are using their US treasuries to buy some of it. The prices of metals will take off in an unbelievable way when they are done dumping their worthless US fiat (they've already done this for a few years now, and hidden in Belgium) Then, my guess is the BRICS bank is going to back it's paper with gold, meaning goodbye to printing as much money out of thin air as needed to prop up the casino in wall street. I still can't believe this hasn't happened already. Honestly, who would put money into a country that is 18 trillion in debt? To put the US debt into perspective, I read here a couple weeks ago where it will take 398 million years to pay off, assuming it doesn't climb.
It is what it is, no point bitching about it, everyone needs to accept the manipulation and roll with it until such time that it collapses and fails.
It's all just a game and I for one will keep accumulating at the lowest possible price point.
I've said it all long, if they wanted to shake the public out of PMs and make them think twice they should of done the opposite and let gold rise above $2000/oz.
IMHO they have miscalculated and underestimated the mindset of the eastern hemisphere.
Silver just got buried.
But what will happen to the banksters when this all blows up? Here's my favorite answer:
And it shall come to pass, if they say unto thee, Whither shall we go forth? then thou shalt tell them, Thus saith the LORD; Such as are for death, to death; and such as are for the sword, to the sword; and such as are for the famine, to the famine; and such as are for the captivity, to the captivity.
Jeremiah 15:2 King James Bible
Not bad....
So how do you resolve, "...they will cast their gold and silver into the streets.."
Easy,
You read the next sentence:
"their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD"
Neither silver or gold will be very valuable when:
"every living soul died in the sea"
"his kingdom was full of darkness; and they gnawed their tongues for pain"
"men seek death, and shall not find it; and shall desire to die, and death shall flee from them."
Unlike our newly elected senators, God cannot be bought off ;-)
36 For what shall it profit a man, if he shall gain the whole world, and lose his own soul? 37 Or what shall a man give in exchange for his soul?
Mark 8 King James Bible
Oil at $50, Gold at $500, Silver at 5. Otherwise show me the demand curve going up.
Demand for oil possibly points this way.
Demand for gold and silver, the actual stuff - not futures contracts, is thundering along very nicely. Anyone who implies that these prices aren't the result of gross manipulation is being willfully ignorant. The technical funds are going to get very badly burned at the end of all of this and JPM and chums will make off like bandits, as usual.
All I know is that if I was an industrial user of silver I'd be buying a massive amount of futures at these ridiculous prices.
and national debt at 20 Tril and never to get paid back.
Buy some $500 Gold futures and bend over; you'll be certain to feel a long, hard demand curve going up.
Demand deflating...absoluely agree.
However, Supply is also going down. At some point supply will go to zero long before price goes to zero.
At some point a price floor will be put in for Gold, Silver, Oil, NatGas. Sooner than later.
I can't be bothered by these price smashes, they are all just paper. I will continue to buy physical until nobody has any to sell. That's when you know TSHTF event is upon us.
Totally agree. Some say tomato, and others tomaaato. I say SHTF...short and puts the aroma up front.
things like this make me wonder if that munkee site may actually have some merit
green if gold will go below $1000 at some point
red if gold will never go below $1000
You're doing it wrong.
And yes, gld below 1000. Slv to 9 (If it doesn't run out on the eligible side).
OK. I've read the last few years that as Silver is primarily (90% by volume) mined as a trace metal to other mining, then as all mining slows down then Silver production slows down too.
There have been many talks about Silver and Gold cost of production being "close" to the $15 and $1000 range respectively.
The only question as Silver and Gold production "supply" go to zero where will the price floor get set ?
This could get interesting.
Maybe all the Gold being sold everywhere is net zero...meaning Gold and Silver are now being used as a way to transfer wealth and for every buyer there is a seller from only existing stores.
Maybe we are at a equilibrium with no or little being added from mining ? But 50% of Silver is used industrially so should be 'used up', and then Silver gets re-cycled too.
So which central bank is going to be the 1st to hit Control-P and buy all of the gold available in the world? That's what I would do if I headed those fuck tards.
I think we go to $975 on Gold because a) that's a big chart level from several years back, and more importantly b) $1,000 is a big level that the media will love - Gold falls below $1000 etc.
Whatever the case, I'm a small buyer every month regardless of price. I'll be a bigger buyer at anything below $1000. Sentiment will change one day, it always does with every market.
Cracks me up. I have been reading here for several years that stocks are going to go to hell in a handbasket and that pm's are off to da moon. Trading insight it ain't.
And a rocket scientist you ain't, given that the vast majority on this site are not traders.
Obviously.
Yes TraderBob,
But you see, your "investments" are really just ones and zeroes on a hard drive somewhere. When they turn the power off your assets go to zero. Get it? I thought not.
It’s the same guys who bought in 1975 when they were 20 years old…. They’re now 65.
Gold is the canary in the coal mine. Hard to have gold rising and state the economy is fine and that the system is holding itself together. Which it sure is shit ain't.
Stocks need to rise to hold the system together, otherwise the pension system implodes and the risk of the whole fiat train getting derailed goes to 100% probability. So the PTB play their games. Gold is by no means a free market, especially when there is a daily `fix' put in. No one dumps that kind of gold at an hour without a stated purpose of driving down the price. No one.
Can you imagine if they just started saying "the daily fix on the DJIA is X"? But that is what is occuring anyway as we all know. Any concept of fundamental analysis has been paved over as the New Bolshevik lever operators struggle to maintain the fiat system and keep themselves from a future of dangling at the end of a string of piano wire.
How long can this charade continue? That's the golden question.
How long can this charade continue?
Until your local dealer has run out of physical gold. How long will that take? Let's say there are about 10 million people on the planet with more than 1 million USD in "wealth" and let's assume one out of ten thinks it's a good idea to buy some physical gold (1 oz every now and then?) as the price goes down. Plus Chinese, Indian and Russian central banks backing up their trucks and loading the 400 oz bars.
Shouldn't take so long. Maximum a year or two?
Assumptions.
Assume a vein of gold is found in Russian, 18’-0” wide and 320’-0” deep that stretches for miles. They’re pulling nuggets measured in tons…. Blocks of gold similar in size to the blocks used to build the Great Pyramids.
Before you think it can’t be done…. Fracking resources could hold more oil than Saudi Arabia, right.
Where is that vein? I want to go there!!!
If gold stays around this or below a lot of miners are going to be out of business.
Prices below that of which many miners can extract gold/silver.
Can thus buy gold and silver below production cost seems fairly attractive really. Most gold would be in strong hands by now...thus global production is where it is at, and that is diminishing.
The biggest con show on earth. The question is the Price of Gold and Silver so critical to the global TPTB that they have so obviously and grossly corrupt its price on a daily basis to this extent...where it is beyond any doubt......and regulators refuse to even think about.
Would love to know the entire signifcance of gold to TPTB that it scares them so much..that they have to act like this.
If anything I thought the LIBOR corruption would have been the one they protected, not the corruption of the gold price.
So curious.
PS. There is no gold market.
PS. According to King WorldNews.... China bought 69 tons the other week, and 1200 tons this year? Not to mention internal production...and any gold mines they have bought out. Gold demand is fucking solidly very high...
So are Bitcoin.
Not that I'm convinced that the Japanese people are worse "sheep" than the Americans or Brits especially after the watershed of Fukushima...
But wouldn't it be grand if the revolt started in Japan and their bond markets wound up being the "last straw"?
Pure poetry!
Manipulation or not, this or that, the fact is PMs are in a bear market, gold could go as low as $600 within next couple of years.
Also, the fact is Zerohedge has been pumping and promoting gold in 2011 while it was at its peak. They have agenda, always bearish on Dollar and US, bullish on PMs and foreign markets.
They're partially responsible for losses gullible people have suffered reading their biased articles, which are often sponsored by gold dealrships.
Is that you "$Billion Dollar Banker"?...
Read the comment below and the quote from Alan Greenspan last week, and ask yourself how pushing more paper into the system translates into reducing the price of a metal that has refining and purity costs associated with it?...
At this point lead, tungsten and Charmin bath tissue are better "store(s) of value" both in the short and long term!
There are no more bear or bull markets. Just lever operators frantically working to ensure the fiat enterprise survives.
OK, so who listened to Greenspan last week and bought @ 'the low'?
And don't worry. The Japs know the New Bolsheviks are out to destroy the Yen to keep the whole fiat enterprise going. Quite a line in Ginza Tanaka to shed Yen for gold.
Goldzilla is coming!
http://www.asahi.com/articles/photo/AS20141012001184.html
Buying all the way down. Fuck you Wells Fargo, BofA, Citicorp, JP Morgan, and your stooges.
Dollar cost average. Just as you put so much into stocks each month from your 401K / Ira, you go down to the coin shop and buy another 5 silver eagles each month.
Why?
Because I know 20 years from now when I need my money for retirement, that silver will be more then $16 an ounce thanks to the gov printing money to the moon. You spread it around.
What was GS's 2014 price target on gold? $1150, right?
I believe there is a concerted effort to manipulate the price of gold downward in order to get people to surrender their holdings in gold (and other precious metals) voluntarily. This has the desired and nearly simultaneous effect of driving the relative value of the USD higher--since the rest of the world's currencies are in general disarray.
It is all a sham, and with ill intent, I am certain.
or maybe people borrowed in dollars so much that in order to repay their debts they now have to sell their gold ?
if you sell fizz now you're playing a dangerous game. We're closer to the bottom than the top, even in a all-out deflationary event. Now it's time to add to fizz positions IMHO, or DCA down to the bottom. When and how this baby turns, only some insiders possibly know. Fireworks are programmed either way in this $hyte $how. Good luck to all, we'll all need it.
Yes, THIS is the confiscation. Here and now. Strong hands accumulate, the rest... well time will tell their fate, and our all fate.
Crank up the gas chambers!
Detroit real estate is on the mend.
Catch your trade there. Sell your gold and go long Detroit.
I'm happy to lose money if I get to watch the U.S. economy collapse.
QE didn't create economic growth.
So, now what?
Anyone else feel like they are flying in circles?
Q4 looks bad.
Just more ongoings of currency wars.
I'm waiting for someone to post a fart compilation of this war on youtube.
Capitulation wave BITCHEZ!! stackers alert! back up the truck!
I will start buyin' when it hits $200/oz.
i can't imagine who the seller would be
at $200? i hope that doesn't mean it
would be me.
1. how has gold done since Greenfuck said people need to buy it ??
2. Are we supposed to believe all is well now, because the Republicants are here to save us !!!!!
3. What has me worried , why would a physical seller like APMEX etc. Sell physical at a manipulated price any more.
4. I think I got suckered into buying Gold. I truly do. But in case I'm wrong, they will never get my Gold. NEVER. Let it go to ZERO. I'm no longer afraid of the price.
What's interesting is that, as the price of silver continues to drop now, APMEX continues to increase the premiums. One example: the price to buy 1 to 10 silver eagles has remained $20 apiece (give or take a few cents) for a LONNNG time now. Premium is currently above 25%.
Harvey Organ- By December Whole Thing Going to Collapse
http://www.youtube.com/watch?v=aZwSiHBxm0c
.
mark the calender.
Gold has been showing downside for some time - posting from last Friday
http://bullandbearmash.com/chart/spot-gold-daily-closes-key-1180-support...
USD up means more commodity downside - US indexes should follow soon - the first major corp that announces no more share buybacks should trigger it.
It really worries me that greenspan is now pumping gold.
It's funny how differently I feel about this reliably criminal behavior after having established a gigantic short position in the idiot miners. I used to get so angry about it, but now I actually kind of count on those guys being there for me - the BIS has my back, it's a good feeling.
Presumably whomever is selling all that gold had to have bought it at a much higher price. (Unless it is merely fiat gold). It seems counter intuitive that anyone would buy a commodity as a store of value and then intentionally drive the price down unless they had a plan. We can guess all we want as to why, but in my mind, there are only a few actors that have the wealth to do such a thing, central banks and he who shall not be named.
The historic similarities of today to the 1930s is scary. World in depression, waves of immigration, separatist movements around the world, rise of national socialism, the US government disconnecting from the Constitution, rumors of war, etc...
Franklin Roosevelt and Adolph Hitler both made gold holding illegal by fiat...
No way HFTs are going to the bid for a big dump like this at 0030. Looks like someone called in a desk trade and the trader didn't do a very good job working the order. Probably PIMCO.
You must not be aware of how the algos work. They attack on multiple fronts at the same time, in hopes of driving one or more of their positions into big time green. They will raid stop loss orders, drive the US dollar higher to crush PMs or other currencies (and vice versa). They will ramp futures up or down at will with massive leverage. There is no market.
Technically you are correct in that HFTs will flood and pull back thousands of orders - but they are united in their greed.
Hey gold bugs, how are your butts feeling? Keep hoarding those coins!
You know, they're not making any new gold, or at least won't be in a few months after the entire mining sector goes broke. Wonder where those 3000+ tons/year that China, India and Russia keep buying are going to come from? You think maybe the Rothschilds will panic out of their centuries-old physical holdings when they see the price collapsing?
Wonder where those 3000+ tons/year that China, India and Russia keep buying are going to come from?
The bullion banks have been selling stolen physical gold.
See my post below.
Hey Bully, my butt is in a soft comforable chair and my coins are in a nice safe place. With the price going down I'll buy more. I have no desire to know how your butt feels.
Somebody is in a hurry. Thinly provisioned or late?
THE REAL QUESTION IS NOT WHETHER THE FED IS MANIPULATING PAPER GOLD BUT WHERE THE PHYSICAL GOLD IS COMING FROM SATISFY PHSICAL DEMAND?
There has been conjecture that gold stolen by Japan from China prior and during WWII is the source of the supply of gold coming onto the market. In 2012, GATA's Chris Powell discounted that possibility in his post, If U.S. had 'Yamashita's Gold', they'd put it in Cracker Jack boxes.
While I concur with Powell that if the US had access to such gold in 1968, they would have employed it to prevent the collapse of the London Gold Pool. It is my belief, however, that such gold did exist but, in 1968, "Yamashita's gold", i.e. China's stolen gold, was still a tightly held secret of the US government privy to only the top echelons of the CIA and a few others.
More importantly, however, in the 1960s China's stolen gold, i.e. 'Yamashita's gold', had not yet been laundered into the international banking system. The laundering of the illicit horde of gold was not to happen until the 1980s, the decade when, not coincidentally, American Barrick, a junior oil and gas producer, was to become Barrick Gold.
No less than the esteemed Professor Antal E. Fekete recognized the possibility of gold laundering by Barrick when he questioned Barrick's inexplicable and self-defeating strategy of unhedged forward selling of gold at prices far below the market.
In his August 2006 article, To Barrick Or To Be Barricked, That Is The Question, Professor Fekete suggested Barricks strategy could, in fact, be an operation to cover up the laundering of gold. The professor wrote:
Is Barrick a front to cover up gold laundering?
..unless Barrick was a front to cover up gold laundering by governments, in which case unilateral forward selling was not a mistake but a deliberate policy...The suspicion that Barrick is a front to cover up a gigantic gold-laundering operation, presumably on behalf of a government (or governments) that need more time to complete a gold acquisition program in the order of thousands of tons of gold, is hard to escape.
In my book, Light In A Dark Place, I quote from EP Heidner's Collateral Damagewhich confirms what Professor Fekete had surmised-but Barrick wasn't laundering gold to complete a gold acquisition program as believed by Professor Fekete-Barrick was, in fact, laundering China's stolen gold to bring it into the international banking system.
US Intelligence operations had been siphoning off the gold [China's stolen gold] for three decades. However in 1986 Vice President George Bush took over the gold from Marcos and the gold was removed to a series of banks, notably Citibank, Chase Manhattan, Hong Kong Shanghai Banking Corporation, UBS and Banker's Trust, and held in a depository in Kloten, Switzerland.
In 1992, George Bush [former Director of the CIA] served on the Advisory Board of Barrick Gold. The Barrick operation would create billions of dollars of paper gold by creating 'gold derivatives' ...[and] would become an investment for nearly every gold bullion bank associated with the Marcos gold recovery [China's stolen gold]. These banks would loan gold to Barrick, which would then sell the borrowed gold as derivatives, with the promise of replacing the borrowed gold with their gold mining operation.
Barrick, which has no mining operations in Europe, used two refineries in Switzerland: MKS Finance S.A. and Argor-Heraeus S.A. - both on the Italian border near Milan, a few hours away from the gold depository in Zurich...The question that Barrick and other banks needed to avoid answering is: what gold was Barrick refining in Switzerland, as they have no mines in that region?
Barrick would become a quiet gold-producing partner for a number of major banks, and its activities became subject to an FBI investigation into gold-price-fixing. The records on this investigation were kept in the FBI office on the 23rd floor of the North Tower, which was destroyed by bomb blasts shortly before the Tower collapsed.
p. 11, Collateral Damage: US Covert Operations and the Terrorist Attacks on September 11, 2001, EP Heidner (2008)
Many here must be buying new trucks.
Their old ones are still filled with gold priced at $1700, $1500 and $1300.
They haven't lost anything since they have not sold yet, right?
Nope, haven't lost anything... I checked this morning and an ounce of silver was still an ounce, and an ounce of gold was also still an ounce! Crazy, I know.
If I traded my paper for metal because I knew the value of the dollar would eventually follow the other 599 fiat currencies before it why am I to worry about the colluded and manipulated value of the toxic asset I was escaping in the first place?
Last point and you can double check it at Christmas- When Jesus was born what was it they brought him as gifts? Incense, myrrh and .....?
(Hint- wasn't worthless fiat currency)
Guardians of the Galaxy western banks are not.
WMR has learned from survivors of the 9/11 attack that the recent opening of the 104-story One World Trade Center in New York completes a project long sought by Wall Street tycoons to lay-off New York Stock Exchange traders and create an electronic stock exchange. It was not merely the asbestos problem that plagued the former World Trade Center buildings, brought down on September 11, 2001, but the need to replace the antiquated New York Stock Exchange trading floor with the Archipelago Exchange or NYSE Arca, which links the NYSE's electronic exchange via a high-speed optical fiber link to Chicago.
Plans were already underway to terminate a number of traders on the NYSE floor when two passenger aircraft struck the North and South Towers of the World Trade Center on 9/11. Had the planes not destroyed the towers, a number of employees of securities firms located in the buildings and who died in the attacks would have soon found themselves without jobs as the Archipelago Exchange made their positions redundant. Today, the Archipelago is headquartered in 7 World Trade Center, which replaces the previous Building 7 that collapsed in the late afternoon of September 11 after Larry Silverstein, the man who leased the World Trade Center complex from the Port Authority of New York and New Jersey, was recorded as ordering the structure "pulled." "Pull" is a term commonly used for controlled demolitions.
The new One World Trade Center represents a decade and a half of backroom deals and massive job lay-offs.
WMR has obtained a photograph [below] showing that plans were already underway for the Archipelago e-exchange when 9/11 occurred. The photo was taken on the morning of September 12, 2001, the day after the trade center's destruction. A sign proudly heralding the transformation of "the Street" to the "nation's first totally open electronic stock exchange" is seen with the ruins of the Twin Towers in the background. The dirty little secret about 9/11 is that many of those securities employees who lost their lives that day would have soon lost their jobs as a result of Archipelago. That fact is not explained in the kitschy 9/11 museum at Ground Zero.
Chairman and CEO of the New York Stock Exchange Dick Grasso was reportedly opposed to the Archipelago plans. In 2004, New York Attorney General Eliot Spitzer brought a lawsuit against Grasso in which Spitzer demanded the executive forfeit most of his $140 million deferred salary package. In 2008, the New York state Appeals Court dismissed all claims against Grasso and then-Attorney General Andrew Cuomo dropped the matter completely. WMR is told the reason why the state dropped its suit against Grasso is that the man who went from a clerk to head up the world's largest stock exchange knows all about Silverstein and his cronies' operations to streamline the business activities of "The Street," which includes knowing quite literally "where the bodies are buried."
Nope Jews just wanted another monument to themselves to show how powerful they are. They do it every 50-75 years and it always fails. Mind you this is not all Jews just the ones in the club.
Look! Squirrels! Don't think of the consequences of the fake elections.
It's a game of musical chairs bitchez. Who knows when they stop the music. Just grab a chair before everyone else does.