My Letter to the Department of Justice Urging Investigation of Gold Silver Market Manipulation
The Department of Justice and the Securities and Exchange Commission have ZERO credibility or reliability when it comes to the prosecution of real financial crimes. Nevertheless, in 2015, when the LIBOR and forex market manipulation scandals were erupting, Bloomberg actually reported that the DOJ was allegedly using analytical models to pinpoint gold and silver manipulation.
Although I knew it was a lost cause from the very start, I decided to offer my assistance to the DOJ. Since they are a broad law enforcement agency, my idea at the time was that they could use someone who has actively studied the gold and silver markets as a paid profession.
Not to my surprise, the DOJ refused to hear me out. However, I have the moral victory in that I have done everything I can to bring not only attention to gold and silver market manipulation, but to actually promote tangible solutions.
After digging through my archives, here is my letter to the DOJ:
Citizen Complaint Center
Antitrust Division
950 Pennsylvania Ave., NW
Room 3322
Washington, DC 20530
Dear Antitrust Division,
I am an independent financial analyst specializing in complex statistical initiatives. I would like to offer my assistance to the Department of Justice with regards to their investigation of gold and silver (bullion) markets manipulation as recently reported by Bloomberg.
When bullion market data are arranged as probability matrices, an extraordinary deviation is witnessed between logical market behavior and actual performance results. Under normal circumstances, bullish cycles yield higher investment returns, whereas bearish cycles yield lower returns, or capital losses. In the case of gold and silver, the markets have empirically become significantly weaker since 2012. This would normally imply that the expected rate of risk would likewise turn south in great magnitude, but it has only done so marginally. This is a huge red flag because it points towards the likelihood that gold and silver prices have been deliberately modulated and controlled.
Millions of Americans may have been damaged due to this manipulation, as the popular investment funds SPDR Gold Shares (GLD) and iShares Silver Trust (SLV) directly track the spot-price trajectory of gold and silver markets, respectively. Many investors, including I, have been harmed since we invested under the pretext of a free market.
As I stated earlier, I would like to make myself available to offer specific details regarding this potential manipulation. My hope is that it will make your investigation quicker and more cost-effective.
Sincerely,
Your homeboy @bullishmoney
Of course, that last bit is a joke!
It is not a secret that silver is manipulated, nor who is doing it. The CFTC has actually issued two public letters after being forced to respond to specific accusations, the last only a couple months after Bear Stearns was broken because it's short position resulted in over $2billion in margin calls, which it couldn't cover.
The short position abandoned by Bear Stearns was passed to JP Morgan, who continues to this day.
This isn't just price manipulation so some juicy profits can be scored. It's a long term systematic tool to prevent folks from jumping ship. It keeps people from avoiding 0% interest rates by making silver no better. This props the entire fractional reserve system up, and keeps it harvesting the value of our labor.
You know Obama increased the money supply by almost 500%. Did you ever ask why inflation hasn't mirrored the increase in money? It's because none of that money actually entered the market, it has only impacted the richest 1%.
Since it isn't paying for bananas and gasoline, it hasn't created the inflationary impact it would have if it were in our pockets. Since it's in the pockets of those that have no need of it, it isn't spent.
The 2008 crisis was all about fractional reserve banking, and the system would have crumbled - freeing us from it, and leaving the Warburgs and Rothschilds looking for work - if it hadn't been for the 5 fold increase in the amount of money, and that money going directly to those who could not collect on the loans they'd made.
There just wasn't enough money in the world to pay the interest on those loans.
The manipulation of silver is only a keyhole, but if you peer through that keyhole, you can see the yawning chasm of market manipulation behind it.
The DoJ has no credibility for it allows precious metals to be heavily manipulated. It is an issue that will be resolved because the world is coming awake to their blatant disregard for real assets. The only ones who benefit from this system is the bankers and government for they can easily rob (tax) you by destroying purchasing power form citizens eventually making us all slaves. This is why cryptos are doing so well and will continue and eventually backed by precious metals or other hard assets.
I upsteemed and resteemed you because Hope Floats
and Sandra Bullock's hot sweaty body against mine and stuff,
But truth is I bet the DOJ has a shredder run by an Air Force jet engine
just for these specific inquiries,
soooooo ... I'aaaaaaaa am not going to hold my breath.
But when it happens it's going to shock the world. Except Us.
Hahaha! I have the imagery firmly planted in my head :)
And that's why I kept the letter short and sweet ... no need to write a dissertation when not even the bots will read it!
and you did a Stellar job on the letter :-)
Oh! Thank you, I appreciate that! :)
That really is a good letter and yeah I'm sure it never made it into anyone's hands, but it helps let more of us know and that's a good thing.
The doj is a bad joke. It's part of the problem and that's why it doesn't want any part of the solution.
That thing is cursed. Everyone shouts since weeks silver and gold goes up... yet all it did was going down sharp
Fantastic letter and post. It's great to see you efforts to bring this story to greater public attention! One of the greatest financial crime stories, that receives virtually no attention. Following you for future posts. Thanks a lot. :)