CFTC Is Investigating JP Morgan Chase Bank

CFTC IS INVESTIGATING JP MORGAN CHASE BANK

money.cnn.com

WASHINGTON (CNNMoney) -- The Commodity Futures Trading Commission is investigating JPMorgan Chase's $2 billion losses, the regulator told a Senate panel on Tuesday.

Gary Gensler, chairman of the Commodity Futures Trading Commission, told the Senate Banking Committee that JPMorgan's losses are worth looking into, because as a U.S. bank, "it is an entity with direct access to the Federal Reserve's discount window and federal deposit insurance."

(visit the link for the full news article)


Related News Links:
www.forbes.com
opinionator.blogs.nytimes.com

Related AboveTopSecret.com Discussion Threads:
FBI Opens Investigation of JP Morgan Chase Bank

The FBI opened an investigation of JP Morgan Chase last week looking into the bank's derivative trading. This investigation will be looking into the bank's trades in the commodities market.

What makes this investigation so interesting is that J.P. Morgan Chase, more than any other single financial institution, is responsible for manipulating the precious metals market in such a way as to keep the prices artificially low--especially the silver prices.

IF (And that is a big IF) the CFTC finally does an objective job of investigating, the lid could come off the precious metals market. There is enough documentation and personal testimony in the public domain right now to convict J.P. Morgan Chase and HSBC Bank of manipulation. The CFTC just has to have enough "balls" to do their job.

This might be a great time to invest in silver!



money.cnn.com
(visit the link for the full news article)

The government must be pissed at JPMorgan for not hiding their mess better. If the bank can't cover up things right it is investigated. If the bank is getting too honest than it is a threat to our economy.

Originally posted by rickymouse
The government must be pissed at JPMorgan for not hiding their mess better. If the bank can't cover up things right it is investigated. If the bank is getting too honest than it is a threat to our economy.

The truth is that all the major financial institutions know "they're too big to fail" and so they can act criminally because they know they can get away with it. J.P. Morgan Chase's derivative trading and their manipulation of the silver market has been so egregious that eventually something was bound to happen. To have trading laws on the books and have them being ignored by these major financial institutions makes a mockery of justice.

Unfortunately, the Federal Reserve has a license to print as much money as they want and our politicians are more than happy to stand in line and get their fair share. One can only hope the American public finally wakes up and says: "Enough!"

If the FBI did nothing on this specific issue, they would be under small fire from alternative media. So they will hang a few felons in public and slink back to busting and reporting on marijuana street dealers.

1 of 2 Arrests Are For Marijuana POSSESSION

8 trillion missing from the federal reserve and 2.3 trillon missing from the pentagon.

YET "we" are investigating suspicions of silver market manipulation?

Is this a joke?

I am having one of those *out of body experiences* everytime I fall witness to such gargantuan oxymoronic imbecillism. Maybe the government should get its head checked out for signs of cancer?

reply to post by EarthCitizen07


Don't worry about the missing money. All the government has to do is go to one of those missing money sites and see if it's there under unclaimed property. It seems that there is a lot of money missing worldwide. All that paperwork doesn't stop people from mismanaging money or embezzling it. How come it's called embezzling and not stealing.

personally from a business point of view,,

people so easily bought off,,,
million $ bonus,???every month????????????????????
,u call it tomatoe,, i call it,,
full steam ahead.
Replacing people so high up,
but so easily bought,,
will cause ripples,,
And,,, someone's going too lose, some very important leverage's.
and assets.

If I were the fbi or sec THIS is what I would be investigating! But that raises the question why they don't care and go after silver manipulations. I guess small fish...the type you see in a small house aquarium is ideal for the kim kardashian fans to have the sense of "government accountability".

It is like loosing your house to a foreclosure sale but worrying about not being able to find the car keys to an old abused piece of # chevrolet from the 60s. lol mind boggling stupid!

Originally posted by EarthCitizen07
8 trillion missing from the federal reserve and 2.3 trillon missing from the pentagon.

YET "we" are investigating suspicions of silver market manipulation?

Is this a joke?

I am having one of those *out of body experiences* everytime I fall witness to such gargantuan oxymoronic imbecillism. Maybe the government should get its head checked out for signs of cancer?

edit on 5/22/2012 by EarthCitizen07 because: its not even funny!

I understand your response and I agree with your basic outrage. However, this thread is about J.P. Morgan Chase being investigated for certain crimes. If you want to discuss missing money from the Federal Reserve or the Pentagon, please share those opinions on the appropriate threads.

The reason the price of precious metals is important, is because of the outrageous printing of paper money by the Federal Reserve causing the value of the dollar to depreciate. If the precious metals prices are artificially depressed by illegal manipulation by the banks, the public has no protection from inflation. In effect, all the value of money is stolen by the Federal Reserve and the banks.

Originally posted by rickymouse
reply to post by EarthCitizen07

 

Don't worry about the missing money. All the government has to do is go to one of those missing money sites and see if it's there under unclaimed property.

It seems that there is a lot of money missing worldwide. All that paperwork doesn't stop people from mismanaging money or embezzling it. How come it's called embezzling and not stealing.

First of all I admire your sense of humor...it prevents people from going to one of those extended period pyschiatric rehabilitation facilities...you know with the padded rooms so you don't hurt yourself accidently from emotional outbursts.

Second. What the heck happened to all the currency ever printed? It is illegal to destroy legal tender in the USA and I imagine in most countries it is the same. Inflation means money loses value over time, but the PHYSICAL CURRENCY should be SOMEWHERE! Obviously it is not circulating in the markets or people would not feel the credit crunch.

Boom-Bust-Boom-Bust-Boom-Bust-Boom-Bust-Boom-Bust How many such wall street cycles before people catch up that capitalism does not work because it is based on trickle down economics....a few pennies trickle down and the rest gets RECIRCULATED to the top and STAYS THERE so that those evil ptb get to buy off politicians for whatever purpose they want.

It is hard for me to keep it together but hell I try.

reply to post by EarthCitizen07


Actually its called Vertical Integragtion. ( Or lovelly called , own it all top to bottom)
and u can thank Mr. (Here's a Dime),,Rockefeller,,,was his idea originally.
and u thought Mr. Burns was made up.
lol

Originally posted by BobAthome
reply to post by EarthCitizen07

 

Actually its called Vertical Integragtion. ( Or lovelly called , own it all top to bottom)
and u can thank Mr. (Here's a Dime),,Rockefeller,,,was his idea originally.
and u thought Mr. Burns was made up.
lol

No. It is capitalism itself that is the problem!

Capitalism is based on greed. Communism is based on laziness. Socialism is based on balance.

Originally posted by 1questioner

Originally posted by EarthCitizen07
8 trillion missing from the federal reserve and 2.3 trillon missing from the pentagon.

YET "we" are investigating suspicions of silver market manipulation?

Is this a joke?

I am having one of those *out of body experiences* everytime I fall witness to such gargantuan oxymoronic imbecillism. Maybe the government should get its head checked out for signs of cancer?

edit on 5/22/2012 by EarthCitizen07 because: its not even funny!

I understand your response and I agree with your basic outrage. However, this thread is about J.P. Morgan Chase being investigated for certain crimes. If you want to discuss missing money from the Federal Reserve or the Pentagon, please share those opinions on the appropriate threads.

The reason the price of precious metals is important, is because of the outrageous printing of paper money by the Federal Reserve causing the value of the dollar to depreciate. If the precious metals prices are artificially depressed by illegal manipulation by the banks, the public has no protection from inflation. In effect, all the value of money is stolen by the Federal Reserve and the banks.

Ron Paul is controlled opposition and nothing else. If he was real oppostion he would have been silenced a long time ago. The price of precious metals is absolutely meaningless since nixon dumped us off the gold standard.

What matters is the GDP to debt ratio, which equates to credit rating. What also matters is if the Federal Reserve is public, private, semi-private. How many shares are in the public versus private domain? This in turn matters cause we need to know WHO IS GETTING THE PRIME RATE FUNDS which leads to less taxation if you combine this with tariffs.

I have read about the Federal Reserve and even the ECB so I can add 2+2=4. Unfortunately I have no say in what gets done. Those that do get paid to keep their mouths shut and misinform constantly.......

reply to post by EarthCitizen07


u are wrong,,u said BASED ON,,its what it is today.
Capitalism is based on greed. wrong IT IS ,,based upon a 33% Profit AFTER EXPENCES.

Communism is based on laziness. again wrong,,it is based upon the premise that there IS no GOD.or Ruling Elite,


Soshalism,(?),,,well that just brainwashing of the feeble minded aka,, Stalin,,and Mao.

Originally posted by BobAthome
reply to post by EarthCitizen07

 

u are wrong,,u said BASED ON,,its what it is today.
Capitalism is based on greed. wrong IT IS ,,based upon a 33% Profit AFTER EXPENCES.

Communism is based on laziness. again wrong,,it is based upon the premise that there IS no GOD.or Ruling Elite,

Soshalism,(?),,,well that just brainwashing of the feeble minded aka,, Stalin,,and Mao.

Well I was talking about practical applications of capitalism, socialism, communism....as most people understand it. Of course if you want to get technical then that is a different story. A different story because the elite only understand state capitalism.

The communist manifesto itself written in the 19th century has some big flaws to it. It describes socialism as a transitionary period where the state nationalises all industry so that communism(a stateless and classless society) can be achieved. In practice the soviet union, china, cuba, north korea where socialist but most people called them communist just the same.

In reality communism and anarchy are the same thing. Stateless, classless and right wing! :

A practical application of socialism(disregard the communist manifesto misinformation) was western european nations and canada about 30 years ago. It was a mixed economy with a heavy emphasis on social welfare(social security, medicare/medicaid, unemployment, disability, welfare) all combined in packages.

reply to post by EarthCitizen07


ok i know u read all that,,but remember WE lived it.

and canada about 30 years ago.,,u know passing a health act by One of the Greatest Men in Modern history and of course being Canadian,Tommy was a good guy too.

BUT WOULD ALL OF THE phyco socialist nutbars STOP saying CANADA was is or ever has been a
SOCILALIST COUNTRY.!!!!!!!!!!

Its a,,, Canada,,,,,is a Govt of ,,what form,,,,,????
I'll give u sometime too look it up.

Originally posted by BobAthome
reply to post by EarthCitizen07

 

ok i know u read all that,,but remember WE lived it.

and canada about 30 years ago.,,u know passing a health act by One of the Greatest Men in Modern history and of course being Canadian,Tommy was a good guy too.

BUT WOULD ALL OF THE phyco socialist nutbars STOP saying CANADA was is or ever has been a
SOCILALIST COUNTRY.!!!!!!!!!!

Its a,,, Canada,,,,,is a Govt of ,,what form,,,,,????
I'll give u sometime too look it up.

a republic? a government by the people and for the people? I don't comprehend riddles very well, so maybe you should be more explicit.......

In any case I think you are trying to split hairs! Most people comprehend "in practice" more than some communist manifesto bullcrap written 150 years ago. We never really had true capitalism, socialism or communism anywhere.

We only had state capitalism!

Originally posted by EarthCitizen07

Originally posted by 1questioner

Originally posted by EarthCitizen07
8 trillion missing from the federal reserve and 2.3 trillon missing from the pentagon.

YET "we" are investigating suspicions of silver market manipulation?

Is this a joke?

I am having one of those *out of body experiences* everytime I fall witness to such gargantuan oxymoronic imbecillism. Maybe the government should get its head checked out for signs of cancer?

edit on 5/22/2012 by EarthCitizen07 because: its not even funny!

I understand your response and I agree with your basic outrage. However, this thread is about J.P. Morgan Chase being investigated for certain crimes. If you want to discuss missing money from the Federal Reserve or the Pentagon, please share those opinions on the appropriate threads.

The reason the price of precious metals is important, is because of the outrageous printing of paper money by the Federal Reserve causing the value of the dollar to depreciate. If the precious metals prices are artificially depressed by illegal manipulation by the banks, the public has no protection from inflation. In effect, all the value of money is stolen by the Federal Reserve and the banks.

Ron Paul is controlled opposition and nothing else. If he was real oppostion he would have been silenced a long time ago. The price of precious metals is absolutely meaningless since nixon dumped us off the gold standard.

What matters is the GDP to debt ratio, which equates to credit rating. What also matters is if the Federal Reserve is public, private, semi-private. How many shares are in the public versus private domain? This in turn matters cause we need to know WHO IS GETTING THE PRIME RATE FUNDS which leads to less taxation if you combine this with tariffs.

I have read about the Federal Reserve and even the ECB so I can add 2+2=4. Unfortunately I have no say in what gets done. Those that do get paid to keep their mouths shut and misinform constantly.......

I am not talking about supporting any one politician. As far as I'm concerned, they all have their faults. And I'm not talking about anyone having to have a deep understanding of the arcane world of international banking. I'm talking about an easy to understand scheme between the Federal Reserve and her member banks to steal the value of everyone's money from them.

They don't care about inflation. They have the printing press and can create as much paper money as they need. You and me, on the other hand, we work hard for our money. If a gallon of gas costs us $3 one year and suddenly costs us $4.50 the next year, we've lost 33% of our hard-earned money and we have to work 33% more to replace what we've lost. This is a simple example, but I think you get the idea.

The one protection the public has from this scam is to purchase an asset--not controlled by the banks (like real estate)--that will increase proportionally as the value of the dollar declines. In other words, if the banks don't depress the price of precious metals like gold and silver, the public won't use their fake money and their printing press becomes useless.

I'm sorry but you are mistaken by saying gold has lost its value since Nixon took us off the gold standard. That isn't just an opinion on my part... actions speak louder than words. Why do you think J.P. Morgan Chase and the other banks have worked so hard to keep the price artificially low? If precious metal didn't matter, they wouldn't spend so much energy manipulating the market.

Originally posted by 1questioner

They don't care about inflation. They have the printing press and can create as much paper money as they need. You and me, on the other hand, we work hard for our money. If a gallon of gas costs us $3 one year and suddenly costs us $4.50 the next year, we've lost 33% of our hard-earned money and we have to work 33% more to replace what we've lost. This is a simple example, but I think you get the idea.

The cost of gasoline, based on the price of oil, is determined by the speculators who disseminate past/current/future events to set the price. Oil is a commodity, like currency and all the seperate precious metals.

What the hell does inflation have to do with any of this? And the government cannot print as much money as it wants in a technical sense. The Federal Reserve ISSUES money to the member banks at the prime rate, who then add another interest rate percentage and reloan THAT MONEY to any potential customer. The government has virtually no say what money gets introduced by the Federal Reserve. The board of governors are rubber stamp clowns.

Government gets money directly by taxation and tariffs. The less they collect from the people and corporations the more they have to borrow(by issuing Treasury Bonds). The people and government are subordinate to the Federal Reserve shareholders!

The one protection the public has from this scam is to purchase an asset--not controlled by the banks (like real estate)--that will increase proportionally as the value of the dollar declines. In other words, if the banks don't depress the price of precious metals like gold and silver, the public won't use their fake money and their printing press becomes useless.

The value of the dollar is fixed in relation to other currencies by the commodity traders.

I'm sorry but you are mistaken by saying gold has lost its value since Nixon took us off the gold standard. That isn't just an opinion on my part... actions speak louder than words. Why do you think J.P. Morgan Chase and the other banks have worked so hard to keep the price artificially low? If precious metal didn't matter, they wouldn't spend so much energy manipulating the market.

edit on 22-5-2012 by 1questioner because: because

We have a fiat currency so the dollar is not pinned to gold anymore. Further the value of gold is determined by the commodity markets via supply and demand. And yes I suppose artificial manipulation is possible but I cannot see how this is rellevant to inflation.

And what is inflation really all about? Too much money being issued in relation to the supply of goods and services is the normal concensus, but in reality I think it is more complicated than that. Ron Paul keeps hammering the gold standard and wanting an audit of the Federal Reserve which I think is silly/pointless aka beating around the bushes.