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Meet The People Bringing You Currency Manipulation On A Daily Basis
Today's aggressive intervention by various monetary authorities to prevent the Swiss Franc from trading anywhere close to its fair value (yes "intervention", the same that happens each day in other capital markets, like stocks and commodities, read gold) reminded us once again that it is always and only a central planner's world. Yet while it is easy to assume there is some big black box doing all this manipulation, the truth is that the decision chain ultimately ends with carbon-based lifeforms, who push the buy or sell button, respectively: i.e., the human element. Which is why we wanted to present our readers the decision making chain expressed in flesh and blood terms, namely the people who over and over demonstrate to the market just who is in control.
Recall...
So how did this happen? Well it all started with this guy.
Who works for this guy.
Who works for this guy...
Who in turn works for this guy, who runs the whole place.
And that's it. If you ever run into these gentlemen on the street, please thank them - after all, nobody has to make any market decisions any more. The 4 people above do it all for you. And they are smart. Some even have Ph.D's.
h/t Ron
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Ready the guillotine, (bitchez)!
Hang them!
Come on guys ... this is getting embarrassing. You can't just blame every bad trade you make on "manipulation". These constant conspiracy theories and envy of people in powerful positions just has to stop. It's childish and ridiculous, and it's not conducive to thoughtful and intellectual discourse.
Mr. Pot meet Mr. Kettle
P.S. You're not funny.
he was funny at one time........but somehow he lost his edge and is now washed up......i am very sad to see him fall
Posted a few days ago (not by me, I hasten to add)......
1.2000 is the 'untouchable' level, with barriers and stops below that level.
If you feel the need to buy dips, do not leave stops just below 1.2000. You are begging to be stopped out if you do.
Better to leave a buy order below that level with a stop below 1.1950, rather than try to buy just above 1.2000 with a tight stop, in my view.
No need for conspiracy theories here: just a bit of common sense trading is enough.
Who's trying to be funny? I'm just pointing out that the ZH readership would rather accept conspiracy theories at face value rather than apply reason and evidence to determine the truth. I have always provided solid arguments for my propositions, and have I consistently adhered to principles of virtue in the face of the appalling verbal abuse I have received on this site. I hope to set an example for other commenters to help them learn how to take part in civil discourse.
I tend to agree. I dont believe there is some well run Legion of Doom running things behind the scenes, rather I think this market is just one big cluster fuck built upon an entire culture of corruption. Honestly I dont know which is worse.
here, crawldaddy, this may help you decide which is worse
http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html
also, try Legacy of Ashes by Tim Weiner for Pulitzer grade, historic CIA cluster-fuck reportage
and look who's about to be the next head of the World Bank....
http://www.bbc.co.uk/news/business-17728302
my former school President Dr. Jim Yong Kim and former head of the WHO AIDS program...
All the ESF guys are Dartmouth Football Boys...Paulson....Geitner.....
Jim Kim lead us out of the tunnel every home game....
Big Green Football baby whuzzzup.....
MDB,
You are hands down one of the funniest commenters on any board i have ever read.
Dryness... I love it.
You haven't received any verbal abuse. As far as I can see it is entirely accurate and well merited... which makes it fair comment, not abuse...
Stop feeling sorry for yourself, maybe it's time for a new handle eh...
MDB,
Are you a highly paid economist, and that's why you say the things you do? Or are you the most sarcastic person to have ever walked this earth?
MDB is the living incarnation of Poe's Law
I think he is hilarious...but maybe thats because I am not involved in the industry and am just a noob.
MillionDollarBonus:
Did you miss Mozillo and Corzine?
How about Paulson and Dimon?
NDAA and the death of the fourth amendment?
Supreme court KELO decision?
$16 Trillion U.S. Debt?
Reality?
The fed will always intervene. The CFR pimps at the fed use the fed to prop up the ponzi scheme longer so that they can buy the world on worthess paper. once it collapses they will use the collapse to consolidate industries in a collectivised central planning national socialism state to shut off wealth creation and subjagate the american people.
But then again, I bet Million Dollar Bonus smells his own farts too.
Some say that MDB is the master of tongue-in-cheek sarcasm, and I subscribed to that theory for a while. However, now his retorts are lacking in zing. I think he should retire his handle and re-emerge as another faux troll.
Who here is blaming a bad trade on manipulation? Strawman much?
Also, the fact that central banks -intervene, manage, manipulate, or <insert favorite equivalent word here>- in markets is not a theory.
It is also not a conspiracy, as the connotation of conspiracy generally implies that is illegal or an act of wrongdoing. Central bank market intervention in today's world, is generally considered benevolent, necessary, and even an extension of their legal mandate.
Why do you call this a conspiracy, and a theory at that?
Here MDB, meet your friends.
http://tel.search.ch/basel/sevogelstrasse-32/mikael-charoze
http://tel.search.ch/oberwil/elsternstrasse-15/prakash-prakash
http://tel.search.ch/binningen/steinenkreuzstrasse-37/richard-jones
Here's the headquarter of the BIZ
http://tel.search.ch/basel/centralbahnplatz-2/bank-fuer-internationalen-...
Interesting fact:
The BIS is on extraterritorial ground in Switzerland, thus entirely untouchable by Swiss Justice.
So do they have their own country? Their own passports? Do they pay taxes?
Do they need to show a passport when they exit the building? question over question!
Sooner, or later, the peasants will understand that passports are among the worst tagging systems. It beggars the imagination that creatures with any level of intelligence would accept such a system. What does it matter which peasant delivery port (maternal ward) or tax farm you were delivered in, consequently, what does it mean to be a citizen of a tax farm? It still boggles my mind that homosapiens are still perfectly comfortable with being represented by trigger happy mass murders. How did this happen?
Sovereigns don't have passports, they don't do any paperwork. Why should we? Why do they exempt themselves from all the chains and shackles they put around our necks? They tell you it's to keep you safe, but do you seriously feel any safer that degenerates like these are able to act with impunity?
Something is wrong. VERY wrong!
you're slipping
I used to think it was awful that life was so unfair.
Then I thought, wouldn't it be much worse if life were fair, and all the shitty things that happened to me happened because I actually deserved them?
All your basel belong to us........
Things get real when your profile is posted uh?
Markets aren't manipulated? LOL. Why should PMs be exempt from the manipulation?
Muppet herder.
Yes, hang them High
Float this article everywhere....... Make these men known!!!!! Should they not be known for such a service to humanity? <sarc off>
We should pull a George Zimmerman on these guys' asses.
Too soon?
Uh oh, the trolls are going to have fun with that one. Queue me being called a racist anti-semite in 3...2...1...
You;re a racist anti-semite in 3...2...1...
There, feel better now?
What's up with all the bald sociopaths? Do you really have to destroy all around you because you are ugly fuckers?...Bernanke, Blankfein, doucebag above, Hank Paulson, Greenspan...yes you all do indeed look like shaved asshole!
So if I want to run the world, I just need to become bald and get a PhD. BRILLIANT!
Cul-de-sac haircut for the win!
Lizard men are jealous of our mammalian good looks, (and our hair) which is why they act like such pricks. They're not evil, just misunderstood.
Hug a banker today.
What, no Dick Cheney? He's gonna shoot you in the face for leaving him off the list.
Pay-shuns grass hopper...
Riddle for you
Man fights nature. Nature fights harder. Who wins?
Just ask one of the nice fellows if they would do this rather with their OWN money than with taxpayers hard earned bucks....
Fuck the banksters.
Tell 'em it's almost Yen-tervention time, OK?
Maximus: The time for honoring yourself will soon be at an end
FTMFW! I LOVE that line.
pods
sums it up
So sad that the BIS expropriated all their private shareholders.
Hmmmm if I ever ran into them on the streets I don't think thanking them would be my initial reaction.
Fuck all of them.
Their day is coming along with the rest of the criminal elite. You know what son? The little people outnumber the crooks a gazillion to one and when we finally rise up your gonna feel our heat and your gated communities will do nothing to stop us.
We are coming.......
jbc77
Obligatory
Militant: Dig it, dope peddler. We're out here building a new nation for black people. It's time for you to start payin some dues, nigga!
Youngblood Priest: I ain't givin' you shit! I'll tell you what you do, you go get you a gun and all those black folks you keep doin' so much talkin' about get guns, and come back ready to go down, then I'll be right down front killin' whitey. But until you can do that, you go sing your marching songs some place else. Now we're through talkin'.
...
[Black Dynamite walks into the militant group's hideout]
Black Dynamite: Excuse me, brothers.
Militant #3: [Gets up] The militants turn, startled. This is private. How'd you get in here?
Black Dynamite: I walked in.
Militant 2: So you one of them sneaky brothers, huh? Or maybe you an undercover pig. Or maybe you just a federal hitman.
Black Dynamite: If I was, you cats would already be dead. Now let me speak to the man in charge.
Militant #3: Sarcastically, I'm in charge.
[Exchanges hi-fives with the other militant]
Black Dynamite: If you were in charge, the people might as well surrender to whitey right now, because your survival skills ain't worth a damn.
Saheed: Black Dynamite.
[Walks into the room]
Saheed: It's been a long time, my brother.
Black Dynamite: [Exchanging hi-fives with Saheed] What it is, Saheed?
Militant 2: You know this Uncle Tom?
Black Dynamite: Listen sucka, I'm blacker than the ace of spades and more militant than you and your whole damn army put together. While you out there, chanting at rallies and brow-beating politicians, I'm taking out any money-fronting sucka on a humble that gets in my way. So I tell you what, when your so called revolution starts, you call me, and I'll be right down front showing you how it's done. But until then, you need to SHUT the FUCK UP when grown folks is talking.
Militant 2: I'm sorry.
Saheed: Yeah, we heard about what went down at the Hip Pocket. That was righteous.
Black Dynamite: That was personal, brother.
Saheed: Personal or not, you saved a lot of brothers and sisters. You need our help,
[pounds chest with right fist]
Saheed: we're here.
Black Dynamite: I can dig it.
[Black Dynamite pulls the bullet casing from his pocket]
Black Dynamite: What can you tell me about this?
[Saheed takes the casing, sniffs the inside for gunpowder and licks the outer casing]
Saheed: I ain't seen one of these in a while.
[Black Dynamite and Saheed walk out of the room]
Militant 2: [Whispers] I was gonna fuck him up.
way to pull the curtain back ZH!
"Holds and manages proprietry positiosn including gold" - Nothing to see here then
"Secret Societies"
- John F. Kennedy
He would have known
I for one Welcome our New Currency Manipulating Overlords
Well you are a true muppet!
"Beaker" would be the appropriate character. Although I do believe the comment was /sarc.
Then if that is indicated then I will relent, but as this is so far not the case, the comment stands.
so these are the fckrs that are ruining our financial system and our world
thanks for posting their names..
please post more of these
Gold isn't money! Why the heck is it bundled with FX Currency Trading in each of their titles? Must be a mass-typo
"Holds and manages proprietary positions on all currencies including gold" - Pretty clear that gold is included in currencies, even though BB says its only for "tradition"
My friend is a plumber, a damn good one though, and he has more "Connections" than any of these guys.
Village Smithy
My friend is a electrician, a damn good one though, and he has made more "Connections" than any of these guys.
Maybe someday our friends can get together over a beer and figure out how to spark up this economy that's in the toilet.
If you think any of these guys are actually in ..Charge... you're ignorant.
Fronts for the red shield.
Glad to hear how Phds have high paying jobs where all they do is watch a screen, and if it goes below 1.20, one guy presses a button.
So is Bernanke so far down the food chain as to not even deserve a mention?
Are these the new "Wanted" posters Tyler promised us...? No bounties eh, good for target practice.
A deck of cards would be better. Like the ones issued to US troops in Iraq early in the war.
So,
Is that the pinnacle of the power elite?
and CB Services Head R.A. Jones answers to no one?
The next step up the power ladder is the board of directors:
http://www.bis.org/about/board.htm
you forgot to add this guy:
http://www.google.com/imgres?q=high+frequency+trading+robot&hl=en&sa=X&rlz=1C1SNNT_enUS424US424&biw=1600&bih=799&tbm=isch&prmd=imvns&tbnid=iH9WHxawI2XqtM:&imgrefurl=http://allaboutalpha.com/blog/2011/08/14/high-frequency-trading-is-that-real-liquidity-or-a-robotic-illusion/&docid=UB59kXVMXOcFJM&imgurl=http://allaboutalpha.com/blog/wp-content/uploads/2011/08/iStock_000000107340XSmall.jpg&w=282&h=426&ei=4Zx9T7zYHIio8AT12bTnDA&zoom=1&iact=rc&dur=336&sig=110425557331580397914&page=1&tbnh=141&tbnw=93&start=0&ndsp=29&ved=1t:429,r:9,s:0,i:88&tx=69&ty=56
Title: Ponzi-scheme continuation protocol overseer and enforcer
Responsible for:
-Driving down gold and silver prices with unimaginable quantities of quote stuffing & naked short trades, to prop up fiat
-Bypassing Einstein's theory of relativity and making trades before they actually occur
Without clicking the link... is it Jimmy Dimon?
wow; only a four-line-link... that's like they're not even trying to hide...
The BIS is a Sovereign Entity as all their directors have diplomatic passports and immunity. The BIS, even though it is based in Switzerland, is above the law so to speak. It is a very secretive organization. look at who's on the board at the BIS: Ben S Bernanke, Washington, DC; Mark Carney, Ottawa; Agustín Carstens, Mexico City; Luc Coene, Brussels; Andreas Dombret, Frankfurt am Main; Mario Draghi, Frankfurt am Main; William C Dudley, New York; Stefan Ingves, Stockholm; Mervyn King, London; Klaas Knot, Amsterdam; Anne Le Lorier, Paris; Baron Guy Quaden, Brussels; Fabrizio Saccomanni, Rome; Ignazio Visco, Rome; Jens Weidmann, Frankfurt am Main; Zhou Xiaochuan, Beijing
Talk about keeping a low profile. A virtual Google black hole.
The Swiss Franc belongs to Switzerland, it's their right to do with it what they want.
Right up until they pegged the swizzle to the zEuro you meant to say, right?
They only exsist because the underlying system allows it. I mean, yeah they have a part in it, but given any average human the opportunity to exploit, manipulate, and steal profits than its only a matter of time before even the best of humanity would stoop to base greed instincts. Don't blame the mirror because your ugly, we have to change the system that allows this type of unregulated manipulation. I guess we need a violent revolution.
I don't think that anyone of (add pronoun here) will find them on the streets...so to speak. What we will find is their information collection/security frontmen who are proffessionals par non who will have done their duties and advised their clients on various courses of action to make sure that none of YOU ever make that meeting on the street. There is only one way to have that meeting! Just saying.
What, impersonate a 15 year-old call girl?
Why are these Captains of Finance always bald fucks? Paulson, Dimon, Blankfein, the guy in this article. Not just balding, but god-damned cue balls.
FYI Dimon has a head full of hair for you to grab......perhaps that why they use the cue ball
Oh, sorry, I meant the other evil banker who is a bald fuck. I'm sure it's a comfort to Jamie that you have his back.
And you should see the hair on their backs...
The Gnomes of Zurich.
the banksterGenome project?
shoot first; take mitochondrial scalp sample later?
Would be interesting to see which daughter of eve they spring from.
btw are you not doing the zchat thing?
They are in Basel NOT Zurich and since they are extraterritorial, they are not even on Swiss ground.
A country within a country, like Vatican or City of London
"Holds and manages proprietary positions on all currencies including gold"
Which would mean that gold is money after all? These banksters can't even get to agree between themselves.
bet they're stacking the shit out of PM's
I would particularly like to thank Mr Charoze & Co. for their excellent work on the massive raid on gold immediately prior to the announcement of the Swiss peg last year.
If I ever meet these guys in the street, I will express my gratitude personally, and with some force.
this expose is exquisitely wonderful - i love putting a face on evil instead of relying on the nebulous "they." i love calling out the names who murdered kennedy and did 9/11 with the bush crime syndicate (and specific names) so identified.
please show us the creeps who manipulate gold in the usa and london....you know - the ones doing the lord's work...
But doesn't the infamous THEY send more shivers up your spine? The shivers should be running up their spines based on the precarious point the EURUSD is on its current head and shoulders pattern. They've never had to intervene with CHF when the Euro was rising. It could be hours away from another gut wrenching fall.
So, so wide of the mark. These guys are at the BIS. The EUR/CHF floor was imposed by the SNB who also conducted the buying today. Try and get it right before coming over all bitter and twisted.
The SNB is a client of the BIS so the BIS also intervenes on behalf of the SNB. Zerohedge is dead right on this one!
Yes it intervenes ON BEHALF of the SNB. And you'll find the latter was the bid on the dealing toys.
The BIS also helped finance the German war effort back in the early 1940s while at the same time helping finance the Allied nations! http://www.bilderberg.org/bis.htm
BIS has NAZI background, read here with google translate button.
https://de.wikipedia.org/wiki/Bank_f%C3%BCr_Internationalen_Zahlungsausg...
or watch English documentary "Banking with Hitler"
http://www.youtube.com/watch?v=YauM5dHLn1s
@maneco Tell me who didn't.
Zero?
The head guy, Benoit Gibson, opted out most of his personal info. If he's doing God's work he should have no fear.
These guys get special diplomatic type passports with immunity, and the HQ in Basel is awesome, complete with underground bunkers and a huge gym and spa with perky attendants.
They also pay no income tax!
here their phone numbers
http://www.zerohedge.com/news/meet-people-bringing-you-currency-manipula...
Am I the only one who read "Mikael Charozé" as Micheal Corlione?
Anyone who's firstname is the same as their lastname clearly can't be trusted.
LOL - Awesome. Eventually, economic forces will overwhelm.
Someone should create a fund that people can donate to which puts together a plan of action to make their life miserable. Some may want to take them out - but better still - follow their every move, report on their whereabouts, follow them and their families and make them miserable.
We really need a concerted movement because talk does nothing.
yes but in the meantime keep talking about it, shine a light on 'em in any way you can.
Excuse my french but ZeroHedge FUCKING ROCKS.
Ok, excuse my swiss on this occasion
The hit gold took over the last few days was an attempt to lower the Swiss franc by lowering the price of the metal. The Swiss franc is the only currency backed by a gold.
bullshit
really?
just exactly how much gold is a swiss franc "backed by"?
0
Oh Sudzee! You were thinking of Gaddafi's gold dinar.
It was doomed the day the peaceful demonstrators of Benghazi kicked off their invasion by founding a new central bank.
Bald head? They are merely channelling Dr. Evil....
AWESOME!!! Shine a light on 'em
The BIS is the head of the "fiat money snake".
There are always small men doing the bidding of their master and eating the crumbs they are left from the table. These people are not different, they are actually very common , yeah just "following orders" . pathetic souls all of them
God forbid the Euro should go to parity with the dollar or the CHF!
These are not the real villains. The SNB is defending the frank. They are forced to print because the Fed and ECB are printing. They are trying to stem the tide of money flooding into little Switzerland because of the mistaken view that the swiss franc is still a safe haven, which it is not anymore since the SNB announced a lock to the Euro at 1.20. And no, the swiss franc is not locked to gold it is fiat, just like all the rest.
When the reserve currency printer of the world prints, the rest of the world has no other option but to follow, if they want to keep trading with the rest of the world.
wooow tyler..really nice post...tks for information
Give me a break guys and stop the whining.
Markets ARE MANIPULATED SINCE THE BEGINNING OF TIMES!
If you can't handle it go do something else.
They are the ones belonging to the WANTED, DEAD OR ALIVE list.
By saying "thank you", I think Tyler means do it with a couple of Black talons in the belly...
LATEST CHATS:
CHF FLOOR WILL BREAK AGAIN NEXT WEEK FOLLOWED BY A SPIKE IN GOLD.....
CURRENCIES TO WATCH WHICH WILL DO EXTREMELLY WELL ARE: MXN, CAD & BRL
shame, but true: all i know about swiss banks etc i learn from blogs outside switzerland. the swiss media just keeps repeating montistyle, that everything is perfect, superbe, shut up and dont ask.
so thanks, zh, and bring more please.
Wait...why does BIS have a dep't called Foreign Exchange AND GOLD?
Greedsplan said central bankers don't pay much heed to gold.
And Bernankrupt made it quite clear that CBs only hold it because of "tradition."
So what gives?
Solid evidence of currency manipulation, no matter what MillionDollarFuckup says...
2011 sep 06 gold flash crash full overlays | Flickr - Goldpricemodel
Even if MDB is merely an incarnation of Poe's Law...
i'll have to say "hey, i saw your picture on zerohedge!" the next time i see one of them at the starbucks by the sbb...
How...shocking.
more likely had been circle jerking to a you tube clip of an old jerry lewis movie