The Manipulation of the Gold, Silver and Currency Markets Top German Regulator: Precious Metal and Currency Manipulation Are Worse Than Libor

By Washington's Blog Global Research, January 17, 2014 Washington's Blog

The New Largest Financial Scandal In History …

The Libor interest rate scandal was the biggest financial scandal in history:

• The big banks have conspired for years to rig interest rates … upon which $800 trillion in assets are pegged

• This was the largest insider trading scandal ever … and the largest financial scam in world history

• Local governments got ripped off bigtime by the Libor manipulation

• Even though RBS and a handful of other banks have been fined for interest rate manipulation, Libor is still being manipulated. No wonder … the fines are pocket change – the cost of doing business – for the big banks

But the head German financial regulator said today that manipulation in gold, silver and currencies is worse than the Libor scandal:

Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.

While this is the first time a regulator has said this, several financial writers – including Thomas Pascoe – have previously said the same thing.

Yup, Currency Markets Are Rigged

Indeed, currency markets are massively rigged. And see this and this.

Yup, Gold and Silver Are Manipulated Also

Gold and silver prices are “fixed” in the same way as interest rates … in daily conference calls by the powers-that-be.
Bloomberg reports:

It is the participating banks themselves that administer the gold and silver benchmarks.

So are prices being manipulated? Let’s take a look at the evidence. In his book “The Gold Cartel,” commodity analyst Dimitri Speck combines minute-by-minute data from most of 1993 through 2012 to show how gold prices move on an average day (see attached charts). He finds that the spot price of gold tends to drop sharply around the London evening fixing (10 a.m. New York time). A similar, if less pronounced, drop in price occurs around the London morning fixing. The same daily declines can be seen in silver prices from 1998 through 2012.

For both commodities there were, on average, no comparable price changes at any other time of the day. These patterns are consistent with manipulation in both markets.

Moreover, big private banks – and perhaps even central banks – don’t necessarily always have in their vaults all of the “allocated” gold which they claim to have on hand.
And sometimes they apparently pledge the same gold to numerous people.

And So Are Derivatives

The big banks have long manipulated derivatives … a $1,200 Trillion Dollar market.
Indeed, many trillions of dollars of derivatives are being manipulated in the exact same same way that interest rates are fixed: through gamed self-reporting.

And Oil Prices

Oil prices are manipulated as well.

And Energy Markets

The Federal Energy Regulatory Commission says that JP Morgan has massively manipulated energy markets in California and the Midwest, obtaining tens of millions of dollars in overpayments from grid operators between September 2010 and June 2011.

And Commodities

The big banks and government agencies have been conspiring to manipulate commodities prices for decades.
The big banks are taking over important aspects of the physical economy, including uranium mining, petroleum products, aluminum, ownership and operation of airports, toll roads, ports, and electricity.
And they are using these physical assets to massively manipulate commodities prices … scalping consumers of many billions of dollars each year.

And Everything Can Be Manipulated through High-Frequency Trading

Traders with high-tech computers can manipulate stocks, bonds, options, currencies and commodities. And see this.

Manipulating Numerous Markets In Myriad Ways

The big banks and other giants manipulate numerous markets in myriad ways, for example:

• Engaging in mafia-style big-rigging fraud against local governments. See this, this and this

• Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here

• Charging “storage fees” to store gold bullion … without even buying or storing any gold . And raiding allocated gold accounts

• Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them (and see this)

Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car

• Cheating homeowners by gaming laws meant to protect people from unfair foreclosure

• Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this

• Engaging in unlawful “frontrunning” to manipulate markets. See this, this, this, this, this and this

• Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this

• Otherwise manipulating markets. And see this

• Participating in various Ponzi schemes

• Charging veterans unlawful mortgage fees

• Cooking their books (and see this)

• Bribing and bullying ratings agencies to inflate ratings on their risky investments

As Matt Taibbi notes:

[We are] living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it’s no secret.

The criminality and blatant manipulation will grow and spread and metastasize – taking over and killing off more and more of the economy – until Wall Street executives are finally thrown in jail.
It’s that simple …

[sidebar:  The first EMPIRE/s were about using humans to build EMPIRES.   Hammurabi BS still used "Eye for Eye, Tooth-Tooth" and the ancient ways to RULE PEOPLE was no different than the same SUPERSTITIONS in our practices to this very day.

MONEY isn't reality.  Reality is nature and nature didn't make money TRIBES did, to trade and exchange amongst the tribes.

The LEGAL TRIBE.  This isn't made up.  The LAW in the U$ thinks of IT as a TRIBE.  IT is the LEGAL TRIBE in writing via one of the TOP Robbed so called "attorney at law", in the U$A.

Link/s below show a **TRIBAL dispute, too.  How different ARE the Federal Reserve System's (FRS)  'Robed Gavel Tyrants' in this time of raping, pillaging and plundering and of course the KILL, the demonic PINE CONE programming has been about 'the kill'.

Their own children are sacrificed for the CAUSE.  And the CAUSE?  So many names for the criminally insane to get to do what IT does in the name of being THE TRIBE that gets to do what IT chooses to do due to the obvious PINE CONES in the billions addicted to the gambling of FRAUD.

MONEY?  MANIPULATED?  And Homo sapiens totally worship this insanity as though grubbing around looking for IT cause the brain is not found as a whole organ in the species due to the obvious.  WHERE IS MY IPHONE?!  No, prefer the pathway of the brain to think as a higher vibration.

**http://vimeo.com/27002009

http://www.theartof12.blogspot.com/#!http://theartof12.blogspot.com/2013/12/mop-mop-isle-of-magic.html

http://www.theartof12.blogspot.com/#!http://theartof12.blogspot.com/2013/11/green-agenda-21-what-part-of-bullshit.html

http://theartof12.blogspot.com/2013/08/bezos-zionist-jew-buys-wapo-how-do-we.html

**http://theartof12.blogspot.com/2014/01/federal-reserve-system-world-wars.html

PULL THE PLUG!  What Plug?!  The superstition of FAIR GAME in money fraud.]

  ... to be continued ....