The CFTC announced this week that it was dropping its investigation into price fixing of the silver market , leaving many to wonder how corrupt the CFTC is. The answer is that the US Treasury is the corrupt element rigging the precious metals market.
Chris Powell of the Gold Anti Trust Association was interviewed by King World News at the time of the announcement, explaining that the CFTC’s hands are tied even though JPMorgan employees have informed the regulator of market fixing practices.
Powell explained that in a 2001 price fixing suit brought by Reg Howe in Boston against the behemoth banks, the US Attorney told the court that the government is fully within the law to rig and fix prices through authority granted by the Gold Exchange Act of 1934 and the Exchange Stabilization Fund.
The CFTC could bring no charges against the government because it is acting within laws enacted by Congress. This discovery confirms that the United States is a corrupt kleptocracy whose sole purpose is to support the lifestyles of the rich and famous. It is a Soviet government pouring trillions of dollars into the hands of the plutocrats who rule this nation.
So not only is there a conspiracy to fix and rig markets, but the government has admitted to it in federal court. All of the imbeciles who accuse people of inventing non-existent conspiracies have it all wrong.
Move along, there is nothing to see. We would also classify as fools those who think that the United States has free markets. The concession by the CFTC speaks thunderously that it does not. Or to be more accurate, free enterprise is for the little people; kleptocracy is for the elite, well connected plutocrats.
Thus as Powell explained, the bullion banks are simply agents for the US Treasury and CIA who are acting to manipulate the prices of gold and silver. The CFTC has no where to go.
The Shocking Truth About Secret Documents & The CFTC, King World News, September 25, 2013Copyright 2013 Tony Bonn. All rights reserved.