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Post by Entendance on Jun 29, 2021 3:45:45 GMT -5
July 2021
Witness Drops Bombshell at House Hearing: Hedge Funds Are Getting “100 Times” Leverage on Crypto
Cedric Chanu gets same punishment as co-worker James Vorley Traders used bogus orders to manipulate precious-metals market
Not to put too fine a point on it but depository banks gambling in the stock market is what caused the 1929-1932 crash that ushered in the Great Depression. Tragically, federal regulators and Congress have allowed the same dynamics of greed and recklessness to permeate today’s Wall Street. Here
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Post by Entendance on Jul 4, 2021 23:29:21 GMT -5
The reality is, if we tell the truth, we only have to tell the truth once. If you lie, you have to keep lying forever. -Wayne Dosick
Macron, Biden, Conte, De Mistura, Clinton, Fauci, Monti, Draghi, Ciampi, Van Rompuy, Barroso, Rutelli, Mattarella, Jerome Powell, DeGennaro, Fassino, Abete, Montezemolo, De Rita, Padellaro, Gentiloni & many others/tanti altri***We are all Jesuits
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Post by Entendance on Jul 10, 2021 6:03:13 GMT -5
And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. - John Dalberg Lord Acton
Repetita Iuvant:
asset values are theoretical while liabilities are very real.
Bank deposits = 'unsecured' loans to the banks.
Gold and Silver = real money. Everything else = credit.
Britain exempts gold-clearing banks from Basel 3 rule
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Post by Entendance on Jul 12, 2021 3:46:19 GMT -5
Airs on July 13, 2021
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Post by Entendance on Jul 14, 2021 2:40:13 GMT -5
...The U.S. Federal Reserve has injected billions into the financial system in an effort to stave off economic crisis since COVID-19 struck. "The Power of the Fed" investigates who is benefiting and at what cost. The Fed’s radical makeover of itself began in December of 2007 when the Fed decided, on its own, that it had the authority to secretly pump out trillions of dollars in cumulative loans to prop up the mega banks on Wall Street, as well as to the foreign banks that were on the other side of Wall Street’s hundreds of trillions of dollars in derivative trades. The Fed secretly ran that program through at least July of 2010...
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Post by Entendance on Jul 24, 2021 4:12:59 GMT -5
July 27, 2021
The Bank of Russia increases the key rate by 100 b.p., to 6.50% p.a.
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Post by Entendance on Jul 30, 2021 9:17:48 GMT -5
July 30, 2021
Don't Get Hooked Chapter XIII
The Latest Lie from on-High: An “Independent Federal Reserve”
Matthew Piepenburg here
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Post by Entendance on Aug 1, 2021 0:33:42 GMT -5
Let me issue and control a nation’s money and I care not who writes the laws. -Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison
(“Socialism” Is Easier When Crude Oil Is $100)
(H/T Tom from Florida)
When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain. -Napoleon Bonaparte
It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning. -Henry Ford, founder of the Ford Motor Company
Economist John Williams, founder of ShadowStats.com, says the economy is much weaker than it appears. Williams cuts through the phony gimmicked government numbers to give a true economic picture. His analysis shows the economy is already slowing down anew. This is why the Fed just announced it will not be ending the massive money printing and start the so-called “taper” anytime soon. Williams explains, “ What they are doing right now is trying to keep economic activity from collapsing. At the same time, all that they are doing in the way of spending and what the Fed is doing with all this money creation is triggering inflation. Inflation in the GDP was at a 40 year high. This is not a good sign because the inflation is difficult to bring under control once it’s out of control. We are getting very close to that...Inflation is around 13% the way I measure it.” Is the inflation going to be “transitory” as the Fed keeps telling us? Williams says “ No,” and goes on to say, “ Inflation keeps going up. In Social Security, you might get a 7% bump, but you might be at 20% inflation next year. I think we are still at high risk of this evolving into a hyperinflation. Fed Head Powell just said inflation could be more serious than they are projecting, but if the Fed was convinced of that, they would take action to bring it under control. We will see what happens.” If the Fed actually had to start fighting inflation, would they crash the economy? Williams says, “ Probably. This is why the Fed is doing what it is doing because they don’t want to crash the economy...The economy is not as advertised...The Fed sees two things: One, they still see a very weak economy despite the happy GDP numbers this week. They also want to see full employment...and they don’t see that until 2022 or 2023. So, they are going to keep their easy money policies in effect. They are going to keep printing the money...They are putting the money into the system to keep the system liquid...it’s not a stable circumstance. We do not have a normal economy yet, and we don’t have normal financial markets. It’s unstable times. . . . I would protect myself and I would be holding silver and gold...The reason I suggest this is if we get into a really bad inflation here, something like a hyperinflation, which I think is a real risk, the precious metals will tend to maintain their purchasing power. Weimar Germany in the early 1920’s effectively devolved into a barter system. Gold and silver will retain their value.” Williams is still predicting “... In early 2022, I am looking for something close to a hyperinflationary circumstance and effectively a collapsed economy.”
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Post by Entendance on Aug 3, 2021 2:07:48 GMT -5
Banksters Cartel International Chapter XXXXII
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Post by Entendance on Aug 16, 2021 10:24:40 GMT -5
August 18, 2021
Biden Is Bringing Financial Crisis Guys from the New York Fed’s Markets Group to His Administration: Should We Worry?
The New Monetary System Will Fail Too August 17, 2021 By Egon von Greyerz As most of the western world doubles down on easy money policies, one nation stands out and moves ahead with raising rates: Russia. This follows a pattern of a massive shift in power and dichotomization from west to east that can be seen both in finance and geopolitics. Even as the IMF calls for “a new Bretton Woods,” any new monetary system will likely exclude Russia and China, thus dooming that system to failure. Regardless of whether the new monetary system is tied to digital currencies or not, there is no escaping the spiral of money printing and deficits that has gripped most of the world, and so a disorderly collapse is likely. These topics and more are discussed in this episode of The Keiser Report.
Some basic rules of history; ***The majority always provides consent to the minority. The minority always determines the direction the majority follows (agenda) The majority always pays the price The majority owns the outcome, good or bad. By providing consent, the majority are always responsible for their own fate. -Warren Pollock
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Post by Entendance on Aug 19, 2021 9:15:00 GMT -5
"...The response from central banks can only be to rapidly increase their balance sheets to compensate for the losses in the commercial banks, flooding the financial system with extra deposits to bolster bank reserves. It will take many trillions of dollars to stabilise a tottering $130 trillion mountain of debt and its matching credit, and the equivalent task for central banks managing all the other major currencies, to stop the global banking system from going under. The collapse in the purchasing power of all currencies will then resume with a vengeance, because attempts to stop bank credit and deposits liquidating into a black hole of currency destruction can only accelerate."
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Post by Entendance on Aug 24, 2021 12:57:04 GMT -5
Banksters Cartel International Chapter XXXXIIITwo Ex-Bank of America Traders Accused of Spoofing Found Guilty - WSJ This could be all over the Precious Metals Social Media
Two former Bank of America Corp. traders were convicted Wednesday of rigging precious-metals prices by using an aggressive tactic known as spoofing, the latest win for prosecutors in a yearslong effort to crack down on the practice... Two Ex-Bank of America Traders Accused of Spoofing Found Guilty
The Fed has morphed into a disgusting fiat welfare office for the elite. There is no QE for gas at the pump, property taxes, groceries, car repairs, or the credit card debt of regular citizens. -Stewart Thomson here (H/T Tom from Florida)
When nominal interest rates are being capped by central bank money printing, the rate of inflation tends to rise, and economic growth tends to falter. That’s called stagflation (a combination of slowing economic growth and rising inflation), which is the best environment for gold. Even though gold is not technically an investment (investments are meant to provide a real, after-tax return on your money), it is the best form of money humans have ever found. And, despite gold being the best place to park your wealth to maintain its purchasing power, it still has a 50-year history of being very competitive with bonds and stocks—even though that comparison isn’t a fair one. Of course, when compared with the Fed’s crappy currency, gold shines brighter than a supernova. For proof of this fact, it took just 35 dollars to buy an ounce of gold in 1971; but today, it takes about $1,800. Sadly, since 1913 the dollar has lost 96% of its purchasing power. Hence, you must evaluate gold in a fair and honest fashion. When doing that, gold proves its value over many millennia. No fiat currency can do that. In fact, all eventually have gone to zero. Testing a theory in an objective and unbiased fashion is the only way to arrive at the truth. Gold isn’t an investment but still beats U.S. government bonds and the S&P 500 prior to dividends. And, it trounces the performance of all fiat currencies. Indeed, gold is a great store of value that has proven effective to maintain your standard of living for thousands of years. Knowing how to trade gold can make it even more precious. -Michael Pento here
Hugo Salinas Price: "...So now, in this 21st Century, humanity is subject to the greatest ever of the "Popular Delusions and The Madness of Crowds" registered over the past thousands of years. Technically, Bitcoin and its fellows are marvels of technology. But as far as humanity is concerned, they are nothing more than Delusions accepted by the Madness of Crowds. Bitcoin and its fellows have granted a monetary value to the possession of these electronic digits - because that possession protects the owner of a Bitcoin, or of a tiny part of one Bitcoin, from theft. OK: So a Bitcoin worth say - $50,000 US Dollars - is yours, only yours and cannot be stolen from you. And your Bitcoin may be worth even more, much more, in the near future. What's to object about that? The BIG QUESTION, which is never mentioned at all, is "What is the worth of what the Bitcoin is worth?" Let us say that Bitcoin is quoted at $50,000 US Dollars. A big deal, you say. I demand a clarification: "Define a US Dollar, or any other currency in existence in the world today." The correct reply would be: "A US Dollar is an electronic digit, created in the US, by an institution called the "Federal Reserve Bank of the US of A." All other currencies are created in the same way, by the Central Banks of their respective countries. All "money" in the World today, is nothing more than electronic digits!..."
The Congressional Budget Office Is Forecasting U.S. Debt Levels Not Seen Since World War II as GDP Forecasts Dim
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Post by Entendance on Sept 2, 2021 3:23:39 GMT -5
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Post by Entendance on Sept 4, 2021 3:44:53 GMT -5
When the system is rigged, when ordinary citizens are powerless, and when whistle-blowers are pariahs at best, three things happen. First, the worst people rise to the top. They behave appallingly, and they wreak havoc. Second, people who could make productive contributions to society are incented to become destructive, because corruption is far more lucrative than honest work. And third, everyone else pays, both economically and emotionally; people become cynical, selfish, and fatalistic. Often they go along with the system, but they hate themselves for it. They play the game to survive and feed their families, but both they and society suffer. -Charles H. Ferguson, Inside Job This crime is already 285 times bigger than the LIBOR scandal, and 500 times bigger than Madoff’s swindle. It is, in fact, the largest, most destructive financial crime in history. Gold & Silver Manipulation: The Biggest Financial Crime In History The Complete Banksters Cartel International Saga: 3 pages
The Entendance Beach...because this place is for Uncolonized Minds.
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Post by Entendance on Sept 16, 2021 1:50:05 GMT -5
Quantitative Easing (QE) was not intended to be a permanent feature of the Fed either when it was adopted after the 2008 financial collapse. And yet, here we are in 2021 with the Fed using QE to buy up $120 billion a month in Treasuries and agency Mortgage-Backed Securities.
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Post by Entendance on Sept 18, 2021 3:52:29 GMT -5
There may never be a time in history when end times prophecy is more aligned with current events than it is today...
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Post by Entendance on Sept 22, 2021 6:04:14 GMT -5
Banksters Cartel International Chapter XXXXIV
!
Auro loquente omnis oratio inanis est
Wenn Gold spricht, gilt jede beliebige Rede nichts When gold speaks, the world falls silent Quando parla l’oro ogni altro discorso è inutile
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Post by Entendance on Oct 1, 2021 1:00:12 GMT -5
The scandal of dodgy trading by highly placed Fed officials actively trading in the very financial assets that they were shoving around continues to deepen, despite some largely cosmetic damage control. What is shocking is not that so many are losing their way, although in some cases it is surprising. But what is stunning is that they give themselves away for so little, for something and someone so unworthy. -Jesse
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Post by Entendance on Oct 5, 2021 1:50:14 GMT -5
After watching the video below, if you have further doubts, consider this
The Fed has utterly disgraced itself with this trading corruption and their response to it. In addition to their disgraceful abuse of regulatory powers and monetary policy to further line the pockets of the one percent. -Jesse
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Post by Entendance on Oct 14, 2021 3:30:27 GMT -5
The lack of follow up and attention to an almost unprecedented scandal of Fed governors engaging in brazen insider trading is surprising. Maybe not so surprising in the corporate media perhaps, but even the bloggers, with a few notable exceptions, are remarkably quiet about this stunning revelation of corruption at the highest levels in our Federal Reserve System, a powerful regulator and largely self-regulating of itself and its clients. The financial establishment is no benign, objective force for good in the economy. They are powerful, self-promoting, and petty in terms of rewards, accolades, and that most golden of oligarchical treasures, access to power. -Jesse
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Post by Entendance on Oct 21, 2021 3:44:43 GMT -5
Banksters Cartel International Chapter XXXXV
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Post by Entendance on Oct 23, 2021 3:20:39 GMT -5
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Post by Entendance on Nov 11, 2021 3:10:44 GMT -5
November 15, 2021
"...despite this unprecedented and recurring pattern of crime at JPMorgan Chase, all occurring while Jamie Dimon was Chairman and CEO at the bank, neither the federal prosecutors nor his own Board of Directors have demanded his removal."
What do the Federal Reserve and neoconservatives have in common? They both refuse to admit that their policies — the neocons’ promotion of perpetual war and the Fed's manipulation of the money supply — are complete failures, having produced the opposite of the promised results. The latest example of the Federal Reserve engaging in Bill Kristol-like levels of denial is the Fed’s continued insistence that the return of 70s-style inflation is a “transitory” phenomenon resulting from the end of the lockdowns. The Fed has acknowledged the “transitory” inflation will last until at least 2022, yet it is still determined to keep interest rates at or near zero until the “jobs situation” improves. To be fair, the Fed has finally announced plans to cut back on its money-pumping activities by reducing by 15 billion dollars a month its monthly purchase of 80 billion dollars of Treasury bonds and 40 billion dollars of mortgage-backed assets. It is unlikely that the Fed will stick to its plans to “taper” its purchase of Treasury bonds. The Fed’s Treasury bond purchases enable the federal government to run up the debt without increasing taxes or paying punishingly high interest on the debt. The Congressional Budget Office projects that by 2030 the federal debt interest cost will more than double to 829 billion dollars. That is more than the government spent on the military in 2020! Despite the looming fiscal crisis, Congress is unlikely to cut spending anytime soon. Instead, Congress members are debating a 1.75 trillion dollars “social spending” plan, having just passed a 1.2 trillion dollars infrastructure bill. Contrary to the claims of President Biden and his allies, this new spending will not reduce inflation. What it will do is hasten and deepen the inevitable economic crisis caused by government overspending. Of course, most Republicans will continue opposing big increases in spending and debt ... as long as a Democrat sits in the Oval Office. A Republican who becomes president will likely believe, as Dick Cheney has said, that President Reagan taught us that deficits don’t matter. The difference between the parties is Republicans are less likely to raise taxes. So, no matter who controls Congress and the presidency, spending and debt can keep increasing. The Fed may also take dramatic action to keep interest rates low if other purchasers of federal debt demand higher interest rates in anticipation of future inflation. Such a situation would be a sign of what Ludwig von Mises called a crack-up boom. A crack-up boom occurs when the public anticipates continuing devaluation of the currency, causing them to factor future price increases into their economic plans. Crack-up booms are preceded or accompanied by economic crises that can lead to the rise of authoritarianism. However, this is not inevitable. Important steps can be taken including cutting spending on militarism and corporate welfare, phasing out the entitlement and welfare programs, and auditing and ending the Fed. Those of us who know the truth should seek to convince our fellow citizens of the importance of restoring a limited, constitutional government that does not try to run the economy, run the world, or run our lives.
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Post by Entendance on Nov 17, 2021 2:59:24 GMT -5
Banksters Cartel International Chapter XXXXVI
Bullion Banks – Take the Money and Run!
Investing & Trading On The Entendance Beach: The Videos
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Post by Entendance on Nov 20, 2021 14:08:43 GMT -5
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Post by Entendance on Nov 24, 2021 3:13:11 GMT -5
There seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises. -Hans F. Sennholz
CHRIS POWELL, Secretary/Treaurer Gold Anti-Trust Action Committee Inc.
The three unanswered questions that confirm gold price suppression policy
Banksters Cartel International Chapter XXXXVII
"In another incident of deja vu, gold investors everywhere have seen their spirits crushed this week in the same old tired manner The Bullion Banks have employed for decades. I could write about all of this again but I've done it so many times now that, frankly, I'm exhausted. I just wrote about this three weeks ago and I don't have the energy today to do it again. The Fed's QE Taper Schedule and COMEX GoldIn short, during periods of "speculator" demand for COMEX gold exposure, the market-making Bullion Banks create new contracts in order to dilute the overall supply and mitigate the price rise that basic economics predicts would follow from increasing demand. As soon as that speculator demand is exhausted, The Banks utilize any price weakness to exacerbate the selloff and panic those very same speculators into selling. As speculators sell, The Banks buy back and cover their ill-gotten shorts, total open interest declines and the entire process is reversed.In this most recent event, the price of Comex gold rose $115 or 6.5% over the two week period of November 3-17, 2021. To dilute this spike in speculator demand, The Banks created and added 112,799 Comex gold contracts to the available open interest. This amounts to 11,279,900 digital/pretend ounces or about 351 METRIC TONNES!Now that price has been managed lower over the past few days, open interest is receding and it has already fallen back by nearly 40,000 contracts as of Monday, November 22. Wash, rinse, repeat. Rather than me type further on this, I think I'll turn over the rest of this week's article to a member of my TF Metals Report site. One of the fantastic elements of TFMR is the diverse, global nature of the membership base and this summary was written by one of our subscribers in The Netherlands. Is he logical in his conclusions? I'll leave that up to you to decide. However, he sources all of his market data from the CME Group's own website so that part of his post should be irrefutable. Please take a few minutes to read on and fully consider how "Ira" has detailed the mechanics of this latest Bank price manipulation effort. He titled it: "We Just Witnessed A Gigantic Pump-and-Dump". I was puzzled by a series of transactions on COMEX between 5 and 11 November. During 5 consecutive days, each day an extremely high volume of gold future contracts was traded via TAS. TAS is a channel via which traders can buy or sell contracts at settlement price. The volume of TAS trades exploded to a total of 172.254 in just 5 days or 160.000 above normal. For perspective on this gigantic volume: when this series of trades started, open interest was 511.333 contracts. These trades amounted to 31% of all open interest on November 4th. The position limit in Gold futures are a fraction of this: 16.500 contracts (varies with OI). At least 10 entities would have been needed on either side of these trades to stay within CFTC’s position limits, and only parties without any existing position. The CFTC’s Bank Participation Report stated that on November 2nd, 5 US Banks on average held a short position of 6,746 contracts. It is safe to assume that NON-US bullion banks held similar positions. So each bank would have been able to sell a maximum of 10,000 future contracts, in which case 16 banks would be needed to supply a total of 160,000 contracts. This is nonsense of course, position limits have been violated big time in these transactions. But who sold these contracts and who bought them? And why? Had a 30 Billion USD hedge fund whale entered the market? Was the Exchange Stabilisation Fund wagging its 254 Billion USD tail directly in the Gold futures market? Or were the Bullion Banks planning something nefarious again? During the past 3 days, all became clear. The COT reports of 2 and 16 November state that in the intermittent time frame, i.e. while these TAS-trades were executed, open interest skyrocketed from 507,616 to 612,612 (+104.996). Large spec longs were up 49,438. Bank shorts were up 72,728. Why? Since September 29 the Gold futures price had risen $65 (from USD 1.726 to USD 1.791) in 5 weeks. On September 28, the Bullion Banks held a net short position of 190,000 futures contracts, a position that ran up to 240,000 in the weeks leading up to November 4th (on average in October: net short 215,000). As price rose during the month of October, they watched their position melt down: -1.4 Billion USD. With potential futures losses mounting rapidly as the market gained momentum, something had to be done. How? A cunning plan was devised. Hence the massive buildup of short positions via the TAS facility. It was ammunition for the bombardment that was to follow. TAS was used to not influence the trading price in the market, despite blowing up the Exchange Open Interest with 31% during the preparations . The build-up phase of the operation consisted of these transactions via TAS: Nov/05 29,966 Nov/08 33,352 Nov/09 38,169 Nov/10 39,310 Nov/11 31,457 Meanwhile Gold’s price had risen to $1875 on November 16. It was beaten back hard and the $1870 level was capped aggressively in the following days. The banks had their plan and they had to prevent Gold from gaining any more momentum at all cost, to protect the effect of their upcoming 'operation'. They knew what was to follow. Execution On November 17 Banks started selling contracts and build up pressure on the market. Price started dropping. After 2 days they released their nuclear bombs: several salvos consisting of thousands of short contracts were dumped on the market in very short time, driving the Gold price all the way down to $1790 currently. Result How much did they gain by this massive ‘pump-and-dump’? Price dropped from $1873 to $1790 or USD 83. In the latest COT report of November 16 the banks held a net short position of 287,539 short contracts. Their gain from this operation was 2.2 Billion US Dollars. During the build up phase of the operation (from 4 November to 11 November) price rose further from USD 1797 to USD 1873 or $76 and they lost an additional 1,8 Billion USD. So a total loss of -1,4 Billion (Sept. 9 – Nov. 3) - 1,8 Billion (Nov. 4 – 16) or 3,2 Billion is dampened by clawing back 2,2 Billion USD and counting (Nov 17 to date). That’s how you get your money back! The above scheme could not have been conducted without massive violations of position limits. By using TAS, this time they left a footprint. I will file a complaint with the CFTC, I hope you do the same. Even if the effect will be zero, if we allow the above to happen without giving a peep, we deserve what we get. My questions for the CFTC: Which parties were involved with the below transactions in Gold Future contracts via TAS (data sourced form COMEX website): Nov/05 29,966 Nov/08 33,352 Nov/09 38,169 Nov/10 39,310 Nov/11 31,457 Did any of theses parties violate position limits as stated on CFTC's website? Were any of these parties involved in the: a) capping of the Gold Future contract price at $ 1.870 in the days leading up to November 16 b) dumping of Gold Futures short contracts in the market between November 17 and 23. "Ira" suggests that anyone interested in alerting the utterly-worthless and corrupted Commodity Futures Trading Commission about this matter should do so as soon as possible. If you'd like to do that, I'll conclude this week's article with the official CFTC listed below. Thanks again for reading and for your willingness to continue fighting against The Bullion Banks and their fraudulent digital derivative and fractional reserve pricing scheme." -Craig Hemke www.cftc.gov/Forms/tipsandcomplaints.html
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Post by Entendance on Nov 29, 2021 17:03:44 GMT -5
"...President Biden didn’t nominate Powell for another four-term term because he had confidence in him to steward the economy. (Powell doesn’t even have an economics degree; he has an undergraduate degree in politics and a law degree.) Biden nominated Powell because he was told by advisors that if he didn’t the stock market would tank and impact 401(k) accounts for average Americans (thus making it harder for Democrats to win the mid-term elections next year). Well, the market is cracking anyway and Americans are stuck with Powell. Buckle up."
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Post by Entendance on Dec 4, 2021 5:13:10 GMT -5
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Post by Entendance on Dec 9, 2021 3:08:07 GMT -5
!
Banksters Cartel International XXXXVIII
PaperGold & PaperSilver Prices Spoofing
The Investing & Trading Forex/Markets Videos
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Post by Entendance on Dec 18, 2021 1:21:17 GMT -5
Banksters Cartel International XLIX
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