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CFTC Pulls "JPM Whistleblower" Letter
Following the posting of a comment letter two days ago that has sent some in the commodity world agog, as it was supposedly by a JPM insider (who could have in that case provided evidentiary data from the JPM system to validate his accusations instead of merely providing blanket truism statements), even if it said absolutely nothing new and merely regurgitated existing speculation and assumptions, the CFTC has as of minutes ago gone one step ahead and truly stirred up the conspiracy theory hornets' nest, by taking down the entire comment pdf. So put it up one day, and take it down 48 hours later? Anyway, let the conspiracy theories commence.
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that cftc employee that allowed the letter to be on there is probably terminated now
Not terminated...just relocated..to The Congo.
Based on what I have seen at the "regulatory" agencies I would posite a promotion for this guy who posted the letter. One can only fail up in government, not fail out.
It makes sense to me. If I were the CME or CFTC, I'd silence any cocksucker who threatened the status quo of money itself. Gold and Silver ARE the secret knowledge of the financial universe as Mr. Powell often says. Consolodatied power alway bends the rules to remain powerful. Power is never relinquished freely. Until all debt & fiat money are made null the powerful will simply change the rules. See Hunt brothers.
you mean "see the Hunt Brothers" as in how the cartel of bwankers and the US central bank (Fed) screwed the Hunts yes?
..then dressed it up as the Hunts fault, not the establishments stitch-up and bringing of the Hunts down by changing the rules/laws (moving the goalposts)
the same way Goldman Sucks brought AIG down (and sucked them dry) and was once again dressed up by the GS/Fed/SEC cartel as AIG bringing AIG down
Anyway looks like this whistleblower virus is the first of many scratches in the diseased dinosaurs hide that is JP Morgan... pretty sure in the years ahead this mother is going to collapse with a HUGE crash (wether the Fed likes it or not).. roll on death by a hundred cuts
You got that right....I always thought (and was taught) that the Hunts were just silly little cornerers of markets. Come to find out, they were doing exactly what nearly all of us are doing today, which is simply trying (against all odds) of preserving our purchasing power. The difference this time is a helluva lot more folks are wise to the fiat game. If that shit was tried today, China, me and everyone else would be BTFDs....plus gold is legal to own today by the pubes.....
BTFD -- wot? Bed Time For Dummies?
banks are financial institutions second, brand marketing organizations first.
They don't care if they lose your money, but if employees tarnish their image, they go nuts.
Well...if that's the case "they have discovered that Government can lose more of Other People's Money" than they ever dreamed. And thus "they are barely a bank" right now and prices soar while the Government "crams down" interest rates...quite effectively i might add. "Until this past week." And of course relative to all the gold hub-bub: "i can buy a pure gold watch and wear it on my wrist." Still tells time does it not? So "what do i care vis a vis the PRICE of gold. EVERYTHING has a price." Move along sheeple! "they're just playing with numbers"! move along!
the cleaning team is on the way
he just became a burn out agent.
there's no cleaning JP Morgan or hiding the smell
Silver anyone?
Put out some news that nobody is covering today:
California PINK SLIPS 20,000
California TAX REVENUES DOWN 22.5% in Feb yoy
Baton Rouge PINK SLIPS 6000
Tax revenues down 22.5% ?
Must be an unspoken tax strike.
I'm sure he has been charged under the National Defense Authorization Act and is currently aboard Con Air Flight 666 arriving Naval Station Guantanamo Bay, Cuba. There he will be a guest at the detention camp where he will enjoy such entertaining leisure activities such as waterboarding, sleep deprivation and fingernail removal.
Looking up IP address for domain: www.zerohedge.com
The IP address for the domain is: 178.209.48.13
Connecting to the server on standard HTTP port: 80
HTTP/1.1 200 OK
Server: Apache/2.2.3 (CentOS)
When the FBI takes over the DNS servers, the IP address will still work.
;-)
Down voter: What is wrong bitch? Don't want anybody to know how to get here after the "FBI Warning" comes up?
Fuck you! Seriously...Fuck you! you gummint troll...growl...and growl again.
The mysterious down-voter strikes in apparently random ways. Thanks for the address.
Yes, thank you so much.
http://jessescrossroadscafe.blogspot.com/2012/03/one-half-of-italys-new-sales-tax.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29
Conspiracy Bitchez!!!!!
A few men's conspiracy makes other peoples reality.
they took it down on behalf of JPM!
but its still online here
http://www.webcompact.net/index.php/news/20929-jpmorgan-whistleblower
Fri, 03/16/2012 - 11:46 | 2261936 Robot Trader's ...Vote up!
2Vote down!
0http://silverdoctors.blogspot.com/
"...Last night, the authenticity was all but confirmed when the whistle blower disseminated JP Morgue internal documents to SilverDoctors, Zerohedge, GATA, and over 20 other websites. Zerohedge published one of the internal documents last night, and removed the document a short time later. Zerohedge's legal team is likely in a much better position to take on a legal battle resulting from publication of such documents. We plan to allow Zerohedge and GATA to run with the ball from here..."
Tyler, this mean the Morgue person is legit..??
Phone call to CFTC from Jamie Dimon:
"Have you people forgotten who butters your toast? Take that crap down or I'll make sure my political cronies cut your budget, salaries, and pensions and give everyone of you an IRS audit three years back."
this is the truth!
All I know is that things are really heating up!! They can't stop it now...
I agree
I was down in my hotels WiFi lounge this morning and some bloke was on his laptop and iPhone very excited about this JP Morgan scandal and rigging in the Silver market
when guys are talking about this 'on the street' so to speak you realise society is bubbling up on what's going on ..next stage: boiling up ;)
He was on his laptop? Must have been fucking homeless if he didn't have an ipad.
/s
You still can't eat Ipad(3).
'Anyway, let the conspiracy theories commence.'
Silver is not being manipulated. In the silver market, as in all markets, the price mechanism is set by simple supply and demand.
If you are not being sarcastic, you are naive or a fool.
Just doing my part in starting conspiracy theories. See how easy that was?
Let's make some real crazy shit up and make believe it's real.
Unfortunately, the way things are going, it will turn out to be real no matter how fucked up and imaginary it is....
Everything that's been held to be defamed and digressed over, almost all of the old mainline conspiracy theories are being proved true. Ever notice that?
How about the Radiation from Fukushima has contaminated the supply of gold and silver in America and most eagles shipped over the past year are suspected of being hightly radioactive.
Would that be some crazy shit to make up?
Just publish health research that indicates that people who buy precious metals have dangerously high levels of cholesterol.
most eagles shipped over the past year are suspected of being hightly radioactive
You mean to tell me that "radioactive fallout" penetrates all the way to the bottom of deep lakes where canoes have the nasty habit of capsizing?
"Money hasn't been real since we went off the gold standard" - Dwight Shrute.
Schrute. C'mon attribute it right! Which I about fell out of my chair last night when I saw that!
DAMN those bastard canoes..
James Bond 007 Movie Theme Music
http://www.youtube.com/watch?v=Ii1tc493bZM (1:44)
do you remember a song that has the lyric
" goldfinger " over and over ..
i don't know who did it or much else about
it other than it sounded pretty cool.
it was mainly a horn figure call and
response.... "goldfinger". been looking, can't
find.
sorry...
~//~
James Bond and Little Nellie (HD)
http://www.youtube.com/watch?v=gJdi-rNcEVc (4:41)
Shirley Bassey - Goldfinger
http://www.youtube.com/watch?v=UbOUSSHWn68 (2:00)
Bar-Kays: Soul finger 7'' A (1967)
http://www.youtube.com/watch?v=xzP-Sh0qTsQ
.
oops!
..."Let's make some real crazy shit up and make believe it's real."...
Both Hitler and Stalin were born out of wedlock to domestic servants in dalliance with a Rothschilds. Hitler and Churchill were first cousins.
If that's not enough, I got more!
In 1983 Barrick Gold Corp. was a start-up company with a single mine in Canada and a founder with no experience in the gold business...by 2001 Barrick had amassed off-balance-sheet assets that were worth more than the market capitalization of the next five biggest gold-mining companies in the world combined. Barrick made $2.3 billion on its short sales of gold and made a profit on those short sales for 62 consecutive quarters.
Or, as I like to say.. " Just Because You're Paranoid Doesn't Mean They Aren't After You. "
Paraphrased for this discussion: Just because some of the shit you believe is happening/coming-true is really fucked up/crazy/batshit, does Not mean that fucked up/crazy/batshit is not actually happening/coming-true. 'Cause it probably is. Happening/coming-true.
He's got a point. When you flood the papermarket with unlimited sell orders, price will go down. Which, luckily for us, drives down price in the physical plane.
Let more selling begin!
And........ if you're not pissed off then you're one of them.
He was supposed to say: "Bazinga!"
http://www.youtube.com/watch?v=XfL4-C8OCys
You don't know Gene. Apparently a lot of new meat is trying to understand ZH without training. This will cause your meat to turn into spam against your wishes.
I hope you're absent the <sarc> by mistake
Price is evidence of value. Price is determined by buyers and sellers; value is contingent on an asset's ability to create wealth. The two are not the same thing.
Just ask Jon Corzine where the letter went? He knows..
Vaporized, mysteriously, into the ether of cyberspace - but remember that GOLD is a barbarous relic.
And I'll betcha that all Germany ans Switzerland's gold that they ask back from the FRBNYC vaporizes, too.
Barbarous relic, my ass.
Held out of tradition, my ass.
No audit, but trust us, it's all there; nothing to see. move along, my ass.
i am guessing gary gensler's ass is so much the cleaner for it.
If I remember correctly, in the letter he stated that he was in the process of obtaining legal council and more information would be forthcoming.
If he follows through with that, then we'll know if he's the real deal or totally full of shit.
let's see....
the butler did it....its always the butler....
As in Ted?
he does serve the pm community well.......
Nigel Farage did it?
http://www.theartofmurder.com/table/stage/curryauto4/curryauto4.html
Is this the same CFTC that started an investigation into short concentration ( 60% of all short positions were held by JPM and HSBC) in the Silver Futures Market, three years ago?
It must be like......complicated or something.
Hey Bart Chilton, get a haircut and grow some balls.
And get a real job....
http://www.youtube.com/watch?v=_3l2Vo1z260
Shhhh we don't want anybody to know there is corruption in the system.
What theory?
I bet the alien overlords from planet Quadruple Ex, or QE for short (which is steamer than XXX), instructed their minons that oversee the CFTC to pull the letter.
my roomate's mom makes $83/hr on the computer. She has been fired from work for 9 months but last month her pay check was $18339 just working on the computer for a few hours. Read more on this web site ..... http://bit.ly/FPPP3j
I banged your roommates mom. Tell him I'll be there when he picks up his allowance.
Rollins - please take your business elsewhere.
Your roomates mom probably has 12 teats and a tail.
Wow.
She must swallow.
OHHH, she does. I'll attest to that. ;)
But it was only a tiny letter.....like the Fuki leak...tiny....definitely nothing for the Muppets to worry about
Is fascism the one where big corporations and big government work iron hand in velvet glove?
Yes, Zep, that is the very definition of "fascism". It does not mean "gas chambers". It means that corporations and government have effectively merged. Just like the system that arose in Italy and Germany after WWI and just like we have today in the US.
We the People don't stand a chance, UNLESS...
It seems like ours did not come about the same way as in Italy or Germany, though. Corporations grew to a certain size and then realized that the best way to snuff the competition was by going to government to get the rules changed to benefit them at the cost of everyone else. It grew from there, of course.
The best examples of fascism are when local city councils are bought off to allow certain big development projects to take place.
And my favorite example is when the RIAA or the MPAA get people arrested for actual crimes based on their successful ploy to enhance all the copyright laws in their favor. That's really where the fascist hickory billy club hits you on the noggin!
And of course, there is the beautiful dance between the military and the industrial complex that feeds on us.
Warning, I am very angry about what "local" govs are doin to my clients. I have been very busy this last week. My poor clients, clinging to survive because of the fubar crap going on in the economy/government/EVERYWHERE are pulling their hair out dealing with fookin idiot regulators who overstep their authority and are not held accountable by ANYONE. I am getting totally convinced the govs are trying to put all small biz and self employed people into bankruptcy. I just can't stand this shit anymore. I actually hope the supervolcanoes in Santorini and in the Cascades blow, I just can't take the absurdities anymore. Anyone gotta rubber room I can borrow?
You sound like you are catching on, but haven't quite reached the stage of full realisation yet!
That is indeed the plan ... not just an unintended consequence of decades of increasing restriction, regulation and taxation of small business (the main generator of employment) in parallel with decreasing regulation and restriction of big business moving employment offshore (coincidentally, into the NWO black hole of untaxed profits).
And if anyone thought that todays economic math was strange.... just look at the math the RIAA and MPAA is using:
http://www.ted.com/talks/rob_reid_the_8_billion_ipod.html
Sandy Berger might know where the letter is
First MFG clients $1.6 billion "vanished". Now the CFTC letter "vanished". I sense a trend. I hope our scum psycopath fraudster politicians and bankers start to "vanish".
Don't forget the $15 Trillion that vanished from the UK.
I wish 90% of our government would vanish.
Talking about all these things vanishing ... I got it. How about Ber-yank-me-- ahh, Ben Bernanke pull a Jimmy Hoffa. That would be a real neat trick. Or perhaps David Copperfield could be employed for a media event to .. make the NY Fed building disappear? Like, for[cough, cough]ever? I'd actually pay some gold coins to see that.
They put it up for a minimum amount of time just so they can say that they did, and then yank it.
Gary Gensler is a total crook and another in a long line of Goldman Sachs financial terrorists. The fact that he even has this job is an example of how corrupted and compromised our government is.
Friday March 16 9:00am
News
guns an butter, bonnie faulkner interviews william k. black.
http://archive.wbai.org/
" why are our leading institutions parasites" ..(banking)
" the bigger crisis they create the more they blame the victims.."
my room mate and i .. make 8.50 an hour loading manure .
and living in the basement ..
I tried the link to internet riches and lost the 50 dollar sign up fee. and made nothing .
so i am off to work with my shovel and brown tennis shoes
at least you're not UNORIGINAL...
A very important job now and after the crash.
Bennie and the Inkjets make 8.5 trillion a year spreading manure, and live in the penthouse...
you must be doiing something wrong.
They are spreading.... he's collecting.
I suppose a bunch of folks could email CFTC their copies, to maintain transparency, of course. Lately here in the land of the fleeced, home of the slave, stuff seems to just disappear.
Or they create a Twitter freed like the Fed did and get mocked into oblivion.
Shredding party this weekend at Jamie and Blythes...BYOS. For entertainment, we will be playing pin the tail on the mole/traitor, Whack-A-Mole too! Bring a sleeping bag, we'll be up all night. RSVP if you can come.
Confidence in the fiat confidence game is disappearing.
I don't know if the letter was authentic but I'm glad they did it. With so much fraud going on it would seem it is incumbent on the CFTC to restore confidence. This won't help. Ben Davies, Hinde Capital, reiterates that financial repression is ongoing but points out it also requires political repression.
This letter is part of the "stress testing" of the system. It was computer generated to simulate what might really happen if someone really did come forward and expose the many ongoing frauds. We also created a false resignation at Goldman recently as an additional test. The "stress test" is now complete and we have now removed the test letter. Everything and everyone performed admirably. Everything is "Hunky Dory". Please return to watching your regularly scheduled American Idol and Dr. Phil.
If that isnt a buy signal I dont know what is...
Well done ZH, as usual.
http://www.thedailybell.com/3707/New-Street-Hearings-Redux-How-They-May-...
There's something (else) fishy going on here...CME London sends a request to CFTC to "unregister" them as a derivatives clearing house.
http://www.cftc.gov/PressRoom/PressReleases/pr6208-12
There are new reporting requirements for commodity pool operators (thanks to Dodd-Frank) and the CME is on that list.
http://www.investor411.org/resources/page-C-35.php
Part of the new requirements for CPOs...
"The Commission adopted a final regulation requiring certain advisors to private funds that are dually registered with the CFTC and the Securities and Exchange Commission ("SEC") to report information to the SEC for use by the Financial Stability Oversight Council ("FSOC") in monitoring risks to the U.S. financial system."
full letter here...
http://www.cftc.gov/ucm/groups/public/@iointermediaries/documents/file/cpoannualguidanceletter2011.pdf
Did CME London deregister to avoid the new reporting requirements in an attempt to remain behind the curtain? Did the $15 trillion "transfer" reported by Lord James of Blackheath go through this branch? Do gold derivatives trades go through this branch? I guess we'll never know now that the branch isn't registered with the CFTC and therefore not obligated to follow their reporting requirements. The game continues....
That was a pretty pitiful move, tactically. They had a completely vacuous comment posted which they could well have dismissed as some ranting loony, but now that it's pulled, it'll be seen as tacit admission the claims are true.
Poor guys don't have a clue how to run proper counter-intelligence.
they know that you know that they knew, so they pulled
Right, but if they'd known that I knew that they knew what I know they know, they'd have known the right thing was to leave it.
If they REALLY knew what you (or any of us) really REALLY know... you would not be sitting where you are sitting now, reading what you're reading. You would be a "Missing Persons" statistic.
'sweet talker': a level three dressed up as a nine
Got this link off The Market ticker this morning.
http://www.americanbanker.com/issues/177_49/chase-credit-cards-collections-occ-probe-linda-almonte-1047437-1.html
BTW, this is something different, but should open a can of worms.
+2 Getting Old Sucks: one for the article and one for your name...Indeed!
I'm just happy that I can still stack phyzz at the JPM gift prices.
Once you understand that you can buy an actual asset and take delivery in exchange for paper, you get a warm feeling for Blythe.
Whether true or not, let me just simply say that because JPM and other banks are so involved in policy and coincidentally destroying the real economy and prospects for prosperity I'd like to just let those bankers know that they are the cancer and the world would be a better place without their contribution to society and especially policy.
They pulled it do to spelling errors.
yesh. spellink irrors and very bad gramer. Sheesh. No one can aford a sexetary these daze?!
What conspiracy? No conspiracy at all. JPM boss reads the posted letter, calls up the boss at CFTC and tells him to pull the letter - done.
No laws were broken: just a straightforward business deal, as business is conducted these days in the high finance realm.
(I don't even *know* if I'm being sarcastic.)
That fucking idiot Gartman, believed the initial letter and had a reference to it in his commentary this morning.
Instead if dropping something on his foot, someone should drop some gold bars denominated in dong, on his head, repeatedly.
Is he a Brown grad?
Lizzy that was awesome! +1
You know, since these fuckers are so into testing everyone for everything and screening folks for past mental health counseling and so on, I think I have hit upon a notion:
Draft and introduce legislation in Congress to prohibit the employment of anyone in the financial or financial regulatory areas who fails to pass a screening test for psychopathic personality traits or disorders.
Can someone get that done? That alone would do more to restore investor confidence than anything else.
I would amend that to ANY regulatory areas, not just financial.
Simple, when Dimon woke up this morning next to Gensler, he told him no more hoovers until you pull the letter...
Oh no! Bin Laden was plotting to kill president Obomber! lol. This is as fake as the "raid" that killed Bin Laden.
Even after they supposedly kill him, they have to trot him out to scare the suckers & morons that believe the "war on terror" is real. Where are those weapons of mass destruction in Iraq now?
http://www.washingtonpost.com/opinions/the-bin-laden-plot-to-kill-president-obama/2012/03/16/gIQAwN5RGS_story.html?hpid=z2
OMFG! This is getting to be so sad. Now it's the Obama sympathy card. Bad dead terrorist was going to kill me! Look, I swear, we found this plot on the bad guys computers! What a joke.
Absolutely slapstick hilarious.
I'll bet the management at the CFTC had no clue an employee posted this until somebody started screaming.
Hey Vinny, howbout you post this letter we been workin on, aye? We need to see what the temperature is like out there...2 days later. Hey Vinny take it down you knucklehead I think they're catching on.
Know who the insider is,,
http://www.telegraph.co.uk/news/politics/tony-blair/8772418/Tony-Blair-v...
Tony Blair, Gordon Brown, Peter Mandelson, Francis Maud, Heath the Horrible, Dennis Healey...all traitors to Britain, all pretty paid pets of the Trilateral Commission, founded and funded by the old British/European banking cabal, the Rothschilds and Rockefellers.
The new sales boys are Obama and Cameron, sickeningly striding across national monuments and using the hallowed words of our forebears, whilst cynically serving their corporate fascist paymasters: the Trilateral Commission.
They are as venal as the Russian oligarchs who they admire; the oligarchs who stole Russia's wealth, unimagineable sums, and cavort with the filthy Trilateral Commission pets in the West.
That sergeant who killed defenceless women and children in Afghanistan on his fourth tour of duty deserves our deepest sympathy. He is the deranged victim of endless war, pursued by cowardly, self serving vain self enriching elites: the Trilateral Commission, and its pets in politics, academia and law.
The Trilateral (Tripartition Commission) was incorporated the same day Saigon fell. We (USA) and Europe did not want to see Japan get sole access to all the raw material of S.E. Asia-Japan was a raging industrial power then; hence the split up of the area between Japan, Europe and USA. Russia had nothing to do with the action except bluster. Milestones
Good grief!
The formation of the Trilateral Commission was approved at the Bilderberg meeting in Belgium in April 1972 (long before the fall of Saigon in 1975, and shortly after Nixon's visit to China in February 1972).
It was officially founded in 1973 and its purpose was to unite the European Union (150 members), the North American Union (107 members) and the Asia Pacific Union (117 members) into a single NWO planning body.
The CFR had been losing popularity because of the Vietnam War, so Rockefeller delegated the Trilateral Commission to Brzezinski.
If anyone wants to read that post from CFTC site which has been removed, here it is:
"From: Z A N
Organization(s):
JPMorgan Chase
Comment No: 57019
Date: 3/14/2012
Comment Text:
Dear CFTC Staff,
Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well. I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.
I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.
On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.
There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke's speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.
As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.
It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America's best kept secrets. Please do not allow this to turn into another Enron.
Kind Regards,
-The 1st Whistleblower of Many "
Tyler,
Please post on the Marvell lawsuit against Goldman Sachs!
I was reading the COT report for March 13. There's over 127 thousand long contracts between commercial and non commercial. That's over 600 million ounces right? There's only 130 million ounces of Silver in the comex inventory. The longs only want paper profits for the most part seems to me. The comex could go bust the next options expiry if everyone just stood for metal. I don't know much about the cot report anyway. Just what I have garnered from here mostly. Why do we bemoan the short contracts when guys aren't taking delivery anyway?
I wonder if this has anything to do with that letter to the CFTC.
http://www.cftc.gov/PressRoom/PressReleases/pr6208-12
RELEASE: PR6208-12
March 13, 2012
CFTC Vacates CME Clearing Europe Limited Registration as a Derivatives Clearing OrganizationWashington, DC—At the request of CME Clearing Europe Limited (CMECEL), pursuant to Section 7 of the Commodity Exchange Act, the Commodity Futures Trading Commission issued an Order on March 13, 2012, vacating the registration of CMECEL as a derivatives clearing organization.
The Order of Vacation is available on the CFTC’s website (see Related Links).
Last Updated: March 13, 2012
Something smells here like the letter..............
It was pulled from some places last night. I know because it went blank in the link being viewed by my friends at an old New England bank. No matter. Up here, it is our nature to secure important information in our own way.
We detest the Fed, Washington and all its corrupt irregular 'regulators'. Goldman Sacks and JP Morgue included. Filth, they are.
Commodity Fraud Temporizing Commission.
exactly what wall street need right now.
http://www.cnhedge.com/
http://www.jinrongbaike.com/
Yeah, great sites -- if you understand and can read Mandarin (Chinese). Thanks for advertising. Not.
John Tuld: So you think we might have put a few people out of business today. That its all for naught. You've been doing that everyday for almost forty years Sam. And if this is all for naught then so is everything out there. Its just money; its made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat. It's not wrong. And it's certainly no different today than its ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 1937, 1974, 1987-Jesus, didn't that fuck up me up good-92, 97, 2000 and whatever we want to call this. It's all just the same thing over and over; we can't help ourselves. And you and I can't control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages-they stay exactly the same.
Muppetzz!
Kudos!
Probably because they needed the space on their server for another "blowing" movie.
scumbag captured regulators can't leave an exposee to describe all that they ignore and intentionally overlook...i pray for these regulators to claim their souls...
Wall Street is imploding.
Snitches get Stitches....Bitches!!!!
Just because you're paranoid doesn't mean they aren't out to get you.