CFTC Is Investigating JP Morgan Chase Bank

Why would JP Morgan Chase want the silver price to stay low? What's in it for them?

reply to post by blackrain17


thought the HUNT BROS. controlled ALL of the SILVER market.
maybe not??
so JpMorgan buy them out?

The Federal Reserve is a private banking cartel. It is not part of the U.S. government. It is owned by its member banks such as J.P. Morgan Chase and Bank of America. I don't want to get too technical, but the Federal Reserve has many different ways to transfer printed money to the member banks. Since 2008, the Federal Reserve has dispersed over $27 Trillion to major banks around the world to bail them out of the credit crisis. Much of that money was given to the banks as interest-free loans or buying from them worthless derivative contracts but paying dollar for dollar.

The more dollars the Federal Reserve prints and places into circulation, the less the value of each dollar becomes. That is what is known as inflation.

There are not many ways the average person can combat inflation. The only way someone can protect themselves from inflation is to buy something of limited supply that increases in value as fiat currencies depreciate. Historically, that has been precious metals.

So, as inflation is taking place, if the banks such as J.P. Morgan Chase don't control, manipulate, and depress the price of precious metals, the public will purchase and place their savings in commodities like gold and sliver instead of in a bank savings account. That is the first thing that will happen. As inflation continues to rise, soon the public will reject using paper dollars as a form of exchange and will demand precious metals instead of paper money and then their printing press--which they use to pay politicians and buy them out of just about every other situation-- becomes useless.

That's why the banks fight so hard to control the price of precious metals.

Originally posted by BobAthome
reply to post by blackrain17

 

thought the HUNT BROS. controlled ALL of the SILVER market.
maybe not??
so JpMorgan buy them out?

The Hunt brothers failed in their attempt to corner the silver market, they forgot about the millions of pounds in peoples attics and basements, they took a bath.



As far as the JPChase loss goes, it's much bigger than 2 billion. The 2 billion figure (admitted to be at least 3 now) is just the losses on their position, which is 200 billion.

Other banks know that they have this untenable position and are hedging against it driving the losses higher and higher. 50 billion in losses is not out of the question. These traders are ruthless, and there is easy money to be made betting against JPChase's position, so they will all be doing it.

Remember, if JPChase lost 3 billion, someone else made 3 billion.

reply to post by 1questioner


I'd hope they get busted so people really start understanding the dangers these banks represent to them.

reply to post by 1questioner


Gold, silver and all the other precious metals are simply lifeboats for those that can afford to buy large quantities of each. It fails to solve the root cause of any problem and only attempts to treat the symptoms at a superficial level.

Unless people comprehend the entire pyramid structure of capitalism and how it only benefits a tiny minority at the top, the ptb will continue to pull the wool over the sheeple collective heads.

As for the federal reserve the main problem is that it is a private central bank that enables state capitalism. The prime rate goes to the top tier bankers and totally bypasses the government, in effect making the government and in continuance the people subordinate slaves to their every whim. The government then needs to tax the hell out of citizens and small time corporations to collect something. When you combine this with free trade policies the world over it means no tariff revenue either which means a bigger burden to income tax. The really high up corporate plutocrats have enabled loopholes in the tax codes for themselves.

It is a rigged system which will eventually lead to a one world corporo-capitalist slave disorder. American government needs to borrow and borrow because the rich plutocrats do not pay anywhere near what they should. All the money goes up and stays there for eternity, thus starving the domestic markets for growth.

There is no other way to explain it. People need to care enough to learn for themselves..........