The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label deutsche bank. Show all posts
Showing posts with label deutsche bank. Show all posts

Friday, June 2, 2017

Deutsche Bank scapegoat thrown to the wolves in conviction over manipulating and rigging gold and silver prices

Last year, the German regulatory agency BAFIN found smoking gun evidence on Deutsche Bank that they had been rigging markets, and manipulating the price of gold and silver.  Now on June 2, a scapegoat has been offered to the courts as a 'lone wolf' trader pled guilty to rigging the price of gold and silver through spoofing.


The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring to spoof gold, silver, platinum and palladium futures, according to court papers. Bloomberg notes that spoofing involves traders placing orders that they never intend to fill, in an attempt to manipulate the price. 
Between in or around December 2009 and in or around February 2012 (the "Relevant Period"), in the Northern District of Illinois, Eastem Division, and elsewhere, defendant DAVID LIEW did knowingly and intentionally conspire and agree with other precious metals (gold, silver, platinum, and palladium) traders to: (a) knowingly execute, and attempt to execute, a scheme and artifice to defraud, and for obtaining money and property by means of materially false and fraudulent pretenses, representations, and promises, and in furtherance of the scheme and artifice to defraud, knowingly transmit, and cause to be transmitted, in interstate and foreign commerce, by means of wire communications, certain signs, signals and sounds, in violation of Title 18, United States Code, Section 1343,which scheme affected a financial institution; and (b) knowingly engage in trading, practice, and conduct, on and subject to the rules of the Chicago Mercantile Exchange ("CME"), that was, was of the character of, and was commonly known to the trade as, spoofing, that is, bidding or offering with the intent to cancel the bid or offer before execution, by causing to be transmitted to the CME precious metals futures contract orders that LIEW and his coconspirators intended to cancel before execution and not as part of any legitimate, good-faith attempt to execute any part of the orders, in violation of Title 7, United States Code, Sections 6c(a)(5)(C) and 13(a)(2); all in violation of Title 18, United States Code, Section 371. - Zerohedge

Sunday, February 5, 2017

Deutsche Bank apologizes to public in newspaper ad for rigging gold prices... now where is J.P. Morgan's apology?

2016 was the year that institutions such as Wells Fargo and Deutsche Bank lost a great deal of credibility over fraud that they conducted against customers, investors, and the overall markets.  And while Wells Fargo did their best to lie even to Congress about their creating millions of fraudulent accounts and credit cards without their customers knowledge, Deutsche Bank came clean and are now even offering an apology to investors in a national newspaper.
Deutsche Bank took out full-page ads in Germany's Frankfurter Allgemeine Zeitung and Sueddeutsche Zeitung on Saturday, in which the country's biggest lender apologized for (getting caught) engaging in market manipulation and misconduct that has cost the company billions. In the ad, signed by CEO John Cryan on behalf of the bank's top management,the bank said its past conduct "not only cost us money, but also our reputation and trust." - Zerohedge

Yet even with all this, the markets have yet to hear from perhaps the greatest gold and silver manipulator of all.  And this despite the fact that a higher court earlier this week overturned a lower court ruling that had dismissed lawsuits against J.P. Morgan for their rigging of prices in the precious metal markets.

Image result for jp morgan gold rigging
Appeals Court Overturns Dismissal in JP Morgan Silver Rigging Case 
  • US Appeals Court overturns Dismissal in Silver Rigging Case against JPMorgan
  • The Appeals court rejected Judge Engelmeyer’s claim that the plaintiffs did not prove JPMorgan made “uneconomic bids” in the silver forward’s markets.
  • New Discovery May Win the Case for against JPMorgan
Summary 
The New York 2nd U.S. Circuit Court of Appeals ruled yesterday that District Court Judge Engelmayer was in error when he dismissed the Silver price rigging lawsuits against JP Morgan. The appellate court felt that Engelmayer’s dismissal reasons amounted to “impermissible fact finding” and placed too high of a bar in concluding that plaintiffs had not adequately plead their case. 
This reversal of the June, 2016 dismissal means the case will go back to the district court for further litigation. This also means the plaintiffs will ask for and receive more discovery. This can win the case for them. - Market Slant

Sunday, January 8, 2017

Wikileaks reveals that the U.S. created the gold futures market to control the gold price and dissuade people from owning gold

Over the past few months we have seen the public dissemination by Deutsche Bank that they, along with several other bullion banks, purposely manipulated the gold and silver price through the selling of naked short contracts onto the futures markets.  But what many may not have heard is that following the U.S. taking the dollar off the gold standard back in 1971, the government then created the Gold Futures Market Exchange as a means to not only control the price of the metal, but to also dissuade individuals from buying and owning physical gold.

These futures markets are known in the U.S. and the UK as the Comex, and the LBMA.

Wikileaks recently published a communique they collected that shows a conversation between the U.S. government and Great Britain on the creation of a gold futures market, and the evidence that its intention from the beginning was to manipulate prices and behaviors to protect a dollar that was no longer backed by any tangible asset.

4. THE MAJOR IMPACT OF PRIVATE U.S. OWNERSHIP, ACCORDING 
LIMITED OFFICIAL USE 
LIMITED OFFICIAL USE 
PAGE 02 LONDON 16154 02 OF 02 102035Z 
TO THE DEALERS' EXPECTATIONS, WILL BE THE FORMATION OF A SIZABLE GOLD FUTURES MARKET. EACH OF THE DEALERS EXPRESS- ED THE BELIEF THAT THE FUTURES MARKET WOULD BE OF SIGNIFI- CANT PROPORTION AND PHYSICAL TRADING WOULD BE MINISCULE BY COMPARISON. ALSO EXPRESSED WAS THE EXPECTATION THAT LARGE VOLUME FUTURES DEALING WOULD CREATE A HIGHLY VOLATILE MAR- KET. IN TURN, THE VOLATILE PRICE MOVEMENTS WOULD DIMINISH THE INITIAL DEMAND FOR PHYSICAL HOLDING AND MOST LIKELY NEGATE LONG-TERM HOARDING BY U.S. CITIZENS. 
5. AS TO FUTURE DEMAND BY U.S. CITIZENS FOR GOLD, MOST DEALERS DID NOT FORESEE DEMAND FOR PHYSICAL HOLDING AS SIGNIFICANT, WITH THE EXCEPTION OF AN INITIAL SURGE DURING THE FIRST 2 TO 3 MONTHS OF THE YEAR FOLLOWING DEREGULATION THEY DID NOT FEEL THAT U.S. CITIZENS, ON THE WHOLE, WERE PSYCHOLOGICALLY PREPARED TO SWITCH FROM SMALL SCALE GOLD COIN PURCHASES TO LARGE SCALE, LONG-TERM BULLION HOARDING. SEVERAL EXPRESSED THE VIEW THAT THE DEMAND FOR COINS (AFTER THE INITIAL SURGE) WOULD MOST LIKELY BE SUCH THAT IT COULD BE MET FROM WITHIN SHOULD THE U.S. DECIDE TO MINT GOLD COINS FOR SUCH PURPOSES. SPIERS 
LIMITED OFFICIAL USE - Wikileaks

Tuesday, November 15, 2016

Got gold? Italy's Monte dei Paschi bank begins bail-ins for bond holders

Bail-ins can no longer be said to be limited to just Cyprus now as on Nov. 15, a major Eurozone country just facilitated the confiscation and subsequent haircut of bond holders owning the bank's subordinated debt.

Italy's albatross, and the world's oldest operating bank which goes back to the days before the discovery of the New World, was finally forced to capitulate to stave off insolvency by cutting staff and conducting a bail-in of certain bond-holders of the bank's debt.

Ever since the bank failed the ECB's latest stress test this summer, when it was advised that it needs to raise billions in capital, only to see the process fizzle with virtually no willing sources of new cash emerging due to the opaque labyrinth of the bank's bilions on NPLs, Italy's third largest, most insolvent, bank has been hoping to avoid a debt conversion, out of fears it may spook retail bondholders across the capital structure, and in other Italian banks, who may perceive the move even if touted as "voluntary" as a creditor bail-in. Which it technically is. 
Earlier today, the bank's board bet on Monday to set the terms for a bond-to-equity conversion that is part of the lender's capital boosting plans. As part of its sweeping restructuring, Monte Paschi was planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call, its third recapitalisation in as many years. The key part, however, due to the lack of new investor interest was the previously leaked voluntary conversion of its subordinated debt, whose successful execution would limit the amount of new funds needed.
So while we wait to learn if Monte Paschi will be successful in raising the critical outside cash, here is what Monte Paschi's bail-in, pardon debt conversion will look like, according to sources including Ansa, Bloomberg and Reuters: 
  • Monte Paschi approves voluntary debt-to-equity swap offer
  • Offer to target subordinated bonds for total outstanding amount of 4.289 billion euros; will offer between 20-100 percent of nominal value in bond swap offer
  • Holders of ~€4.5 billion of subordinated bonds will be able to convert them to shares
  • Bank is also considering possibility of launching conversion into equity of 1 billion euros of Fresh 2008 bonds
  • Senior bonds not included in the voluntary conversion plan
  • The bank is also considering conversion plan for EU1b of hybrid bonds
  • The conversion price is seen at 85% of nominal value for riskier Tier 1 bonds, according to Ansa sources.
  • The Conversion price is seen at 100% of nominal value for less risky Tier 2 bonds
  • Monte Paschi will acquire €700m of MPS Capital Trust II securities, also Tier 1, at 20%
  • It will also acquire seven series of BMPS subordinated debt at 100%
Offer open to investors classified as “qualified investors” only for Upper Tier 2 securities - Zerohedge
Monte Dei Paschi is not the only European bank experiencing insolvency issues, but they could be opening the door for institutions like Deutsche Bank to have to follow suit since EU rules negate the possibility of a government funded taxpayer bailout.

When you take into account what occurred late last week in India, where their government abruptly eliminated higher denomination bills to attempt to force their citizens to keep their money solely in a bank, and couple this with the instability of banks all across Europe, the world is once again teetering on the potential of another credit crisis, only this time it will be your money that is used to bail them out unless you learned the lessons of 2008 and have your wealth stored in something much more tangible.

Got gold?

Sunday, October 16, 2016

The only real option if you offshore your money is to keep it in gold

If you take into consideration all the extreme monetary policies and capital controls instituted by governments and central banks over the past six years you would come to the realization that offshoring some or a large portion of your wealth is no longer a luxury, but a necessity.  But in many of these controls that several governments have created to try to monitor, tax, and even confiscate one's wealth if they try to protect it from devaluation, the only real option is to transfer it into some form of asset that is outside the banking system.

And more than any other facility possible, that option is gold.

Under current U.S reporting laws, if you own gold offshore in an individual name, it is not a requirement that you report it to either the IRS or the U.S Treasury. However, if the title of the gold is held in the name of a legal entity, it must be reported but if it is held in your offshore account, it is reportable. So, owning and holding gold in an offshore account is completely legal. 
There are several reasons why people use offshore accounts to own and store gold. These include offshore confidentiality, protection, tax planning, privacy, and investment diversification among other things. A carefully planned and executed offshore account can assist you with each of the areas mentioned above. By transferring your gold to an offshore account, you are also protecting your asset to the fullest extent. 
It is easy to have some or all of your gold in an offshore account waiting for you when you need it. If in the event of a price movement you want to sell it, you can always hire a local lawyer and instruct them to act on your behalf. Considering that many countries, especially those in Asia, view gold as something in demand or money, it is often easy to sell and fetch better prices in Asian countries. 
If you choose to store your gold in a private vault facility, you also add a unique layer of privacy to your asset. This is because precious metals held in non-bank facilities, and more so gold, are not subject to government reporting. From Switzerland and Singapore to Austria and Hong Kong, there are many gold storage facilities in these privacy-friendly countries. - SMHPA
The financial system stands on the cusp of its next great crisis, with several banks this week forecasting collapse in multiple markets and infrastructures.  And whether it is in Germany with Deutsche Bank, Italy with their faltering banks, or the realization that the Fed, ECB, and Bank of Japan are out of options, the threat of bank bail-ins are now very real, as is the institution of even greater capital controls that will limit your ability to protect your wealth in the very near future.

Saturday, October 8, 2016

Recent gold take down may be part of a gambit involving China seeking to buy Deutsche Bank's gold derivative book

Last week while China's financial infrastructure was primarily closed for their annual Golden Week holiday, one or more entities slammed the gold price down by dumping billions of dollars worth of contracts on at least three separate occasions.  And without opposing buy pressure from the usual counter-parties in Asia, the price was pushed down from a high of $1317 on Oct. 3 to an inter-day low of $1246 on Friday.

1 Week Gold Prices - Gold Price Chart

However, most of the trades that created the drop of $70 over the course of four days occurred almost instantaneously, with billions in contracts being dumped onto the market in less than a minute each time.

So what was the cause and reason for this attack on the gold price, especially since there was no news or events at all during the week that would spur traders to divest their holdings in such quantities?  Speculation has been rampant in the alternative media, but nothing conclusive as to why...

until now.

On Oct. 6, well known and respected statistician and analyst Dr. Jim Willie gave an interview with Perpetual Assets to discuss the current state of the economy, and in particular events such as Deutsche Bank's insolvency and the recent takedown in gold.  And during his over two hour interview, Dr. Willie laid out a scenario regarding China's desire to buy Deutsche Bank's gold derivative book, and the pressure put on the German bank by London and the U.S. to counter the move by forcing them to sell their contracts onto the market, even at a loss.
Dr, Jim Willie: What is Deutsche Bank's biggest problem right now, outside the law? 
Will Lehr:  Their derivatives book? 
JW: It's cash.  I don't mean where they are in trouble, but rather what is their challenge.  Cash.  They are having liquidity nightmares.
So what I am hearing is that the Chinese are coming forward, and remember they are off all week for some holiday, and that's one reason that gold got slammed.  But the Chinese have offered cash... I've heard they've offered something on the order of $100 billion.   
And I go WHAT?  Just for Deutsche Bank?  And my source said no, no no, they aren't interested in the whole bank... they are interested in their gold derivatives book. 
Because what we're hearing in the buzz among bankers... you know, New York, London, and European centers is that indeed China is looking to buy their gold derivative book, and the word has it that the derivative book involves more gold than is in the Comex.   
More than what's traded in the Comex in a year. 
It's bigger than the Comex by an order of magnitude. 
Ok, so Deutsche Bank is interested in the Chinese deal, but what they're experiencing from what I'm hearing, is that the Deutsche Bank officials are being forced by London and Wall Street, to dump their derivative book.  And I don't know if it's at a loss, and I have the feeling the Wall Street and Londoners don't care whether it's at a loss, they just want this derivative book to slowly be dissolved and sold off so that the Chinese don't get it.
Fast forward to 31:20 in the video below to hear the entire story behind the Chinese gambit, and the pressure by the Western gold consortium to force Deutsche Bank to dump their derivatives onto the market to keep it out of China's hands.

Monday, October 3, 2016

New head of the London Gold markets is a former employee of one of the central banks that manipulates gold prices

One of the biggest jokes going around in the U.S. is that the Treasury Department is little more than a 'trading desk' for Goldman Sachs.  That is because several of the most recent Treasury Secretaries have worked for the Wall Street giant, and their touch extends even beyond Washington and into the halls of the European Commission in Belgium.

So with this in mind it should come as no surprise that the new head of the London Gold markets is a former executive with one of the most manipulative central banks against the gold price.

One of the most interesting points in the previous article referred to the very recent appointment of a very recently departed Bank of England senior staff member, and former head of the Bank of England Foreign exchange Division, Paul Fisher, as the new ‘independent‘ chairman of the LBMA Management Committee / ‘Board’. Paul Fisher has also in the past, been the Bank of England’s representative, with observer status, on this very same LBMA Management Committee (now LBMA Board) that he is now becoming independent chairman of. Fisher is replacing outgoing LBMA Board chairman Grant Angwin, who if from Asahi Refining (formerly representing Johnson Matthey). - Bullion Star
The significance of this appointment is that London currently remains the most important gold market in the world, and has the authority to set prices two times a day.  However this power is being threatened very strongly by China, which now has the largest physical gold market in the world based in Shanghai.

And on a side note, it is also extremely interesting to see how most of the world's central banks are treating Deutsche Bank these days, especially in light of the insolvency crisis they are currently experiencing.   After all, they were the ones who informed regulators earlier this year that central banks, including the Bank of England, have been manipulating the price of gold for years.

Friday, September 2, 2016

Duetsche Bank's failure to deliver physical gold from ETF request could become catalyst for price skyrocketing very soon

On Aug. 31, a German gold ETF known as Xetra Gold, and who's fund was underwritten by Deutsche Bank, sparked the first fail to deliver of promised physical gold since ABN Amro did so back in 2013.

Image result for gold if you don't hold it you don't own it
If you don't hold it, you don't own it
As Oliver Baron reports, those who ask for gold delivery at this moment, "could encounter difficulties." The reason is that according to Baron, a reader of GodmodeTrader "sought physical delivery of his holdings of Xetra-Gold. For this he approached, as instructed by the German Borse document, his principal bank, Deutsche Bank." 
At that point then he encountered a big surprise: the Deutsche Bank account executive informed the investor that "the service", is no longer offered, namely exercising physical delivery at Xetra-Gold, for "reasons of business policy" and therefore the order form provided by Clearstream Banking AG for exercising Xetra-gold is no longer available. 
Baron writes that since Deutsche Bank is no longer serving the physical exercising of delivery request of Xetra-Gold is remarkable, as Deutsche Bank is the "designated sponsor" as well as fiscal, principal and redemption agent of Xetra-Gold according to its prospectus, and as the explainer of how to exercise physical delivery also reveals. Even if one is a customer of another bank, Xetra-Gold should - at least on paper- guarantee delivery by way of Deutsche Bank, as the Deutsche Borse Commodities GmbH explains in its "process description for exercising units" - Zerohedge
But the question now that needs to be asked is, with so many investors buying into global gold ETF's at the same time others are buying physical metals, are these paper traded gold funds also vastly underfunded and subject to their own failures to deliver?  This assertion was brought up on Sept. 1 by Jim Rickards, author of The New Case for Gold and metals forecaster who believes that the gold price will one day soon climb to over $10,000 per ounce.
Last June, I visited Zurich and was able to meet with some of the most knowledgeable experts and insiders in the physical gold industry. In March, I visited Lugano where I met with the top executive of the world’s largest gold refinery. As a result of these visits to Switzerland, and other points of contact, I have been able to gather extensive information on the major buyers and sellers of gold bullion in the world and the exact flows of physical gold. 
This information about gold flows is critical to understanding what will happen next to the price of gold. The reason is that the price of gold is largely determined in “paper gold” markets, such as Comex gold futures and gold ETFs. These paper gold contracts represent 100 times (or more) the amount of physical gold available to settle those contracts. 
As long as paper gold contracts are rolled over or settled for paper money, then the system works fine. But, as soon as paper gold contract holders demand physical gold in settlement, they will be shocked to discover there’s not nearly enough physical gold to go around. 
At that point, there will be panicked buying of gold. The price of gold will skyrocket by thousands of dollars per ounce. Gold mining stocks will increase in value by ten times or more. Paper gold sellers will move to shut down the futures exchange and terminate paper gold contacts because they cannot possibly honor their promises to deliver gold. - Daily Reckoning
So, is the failure to deliver promised gold by Europe's largest bank, and one of the world's top financial institutions an anomaly, or the beginning of the end for the manipulated and fraudulent paper gold market that tells customers they are buying physical gold, but in the end only have paper promises that are only as good as the value of its ink and parchment?

As with all things in life, if you don't hold it, you don't own it.

Tuesday, July 12, 2016

European banking system ready to implode unless the ECB comes up with $150 billion or more in bailouts

Over the weekend, Europe’s most toxic and insolvent bank (Deutsche Bank) came out with an announcement that if the European Central Bank (ECB) didn’t come up with $150 billion or more in new funding to bailout the continent’s banking system, then it could potentially face an ‘accident’ similar to 2008’s ‘Lehman moment’.
And it is not the largest German bank that is the sole institution in need of recapitalization by the ECB.  In Italy, nearly all the major banks are on the cusp of insolvency, and appear now in the process of a government sponsored bailout coupled with a small customer bail-in.  Added to this, British banks are running into major problems over their bursting housing bubble, and while the UK no longer has the security of going to the ECB for emergency lending, they may receive it anyway since other EU banks hold long derivative positions on the island nation’s securities and could implode if Britain goes the way of default.
BANKERS-COPS
Read more on this article here...

Thursday, June 30, 2016

As Deutsche Bank teeters on edge of collapse, rise in gold prices signal warning of pending monetary collapse

Since the price of gold has been rising steadily since January of this year, we already know that it wasn't simply last week's Brexit event which created the catalyst for gold prices to climb to a new two-year high.  And following Britain's historic move to leave the European Union six days ago, analysts are now seeing gold signal a warning sign that a larger monetary event may be just on the horizon.

Modern financial collapses tend not to come from economic recession or declines in the stock markets, but rather in liquidity crises that emerge from insolvent banks... such as from those we saw from Northern Rock in 2007, and Bear Stearns, Lehman Bros, and Morgan Stanley a year later.  And with the Federal Reserve's stress tests on banks coming to a completion, fears are emerging that Germany's largest financial institution is ready bring about a new monetary collapse.

Domestically, the largest German banks and insurance companies are highly interconnected. The highest degree of interconnectedness can be found between Allianz, Munich Re, Hannover Re, Deutsche Bank, Commerzbank and Aareal bank, with Allianz being the largest contributor to systemic risks among the publicly-traded German financials. Both Deutsche Bank and Commerzbank are the source of outward spillovers to most other publicly-listed banks and insurers. Given the likelihood of distress spillovers between banks and life insurers, close monitoring and continued systemic risk analysis by authorities is warranted. 
Among the G-SIBs, Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse. In turn, Commerzbank, while an important player in Germany, does not appear to be a contributor to systemic risks globally. In general, Commerzbank tends to be the recipient of inward spillover from U.S. and European G-SIBs. The relative importance of Deutsche Bank underscores the importance of risk management, intense supervision of G-SIBs and the close monitoring of their cross-border exposures, as well as rapidly completing capacity to implement the new resolution regime. 
The IMF also said the German banking system poses a higher degree of possible outward contagion compared with the risks it poses internally. This means that in the global interconnected game of counterparty dominoes, if Deutsche Bank falls, everyone else will follow. - Zerohedge
There is a reason why the 'smartest men in the room' have been not only divesting themselves and the funds they manage out of stocks, and instead are using those proceeds to buy into gold as their largest investment.  And that reason is because the global financial system is going through a fundamental sea-change, and as yet there is no clear determination on how things will play out... only that it is crucial to be in some form of physical safe haven asset that carries no counter-party risk from the paper markets.

Gold has always acted as a barometer for the strength or weakness of currencies, but in today's paper and electronic monetary system, it now acts as a warning sign on the strength of banks, markets, and economies as well.  And with central banks, sovereign governments, hedge funds, and those few who have woken up to the warnings on the horizon having bought gold to the point that supplies are now extremely tight even before the crash begins, it is unlikely that there will be much supply left at all for those who do not buy into gold now rather than wait until it is far too late to acquire it.

Monday, June 6, 2016

Horrific jobs report appears to be the trigger for recession outlook from financial economists

Just a day after the worst jobs report since 2010 was published, financial economists from both J.P. Morgan and Deutsche Bank have put recession outlook on high watch.
Recession models followed by both institutions show an economic recession for the U.S. economy crossing the danger point, and where these indicators have successfully forecast recessions for the last 45 years.
This is what JPM said: “This morning’s employment report also raised the recession probabilities, although for counterintuitive reasons. We do not include the payrolls number in the recession model because it is subject to larger revisions than other labor market data. But the unemployment rate enters the model in two ways. As a near-term indicator, we watch for increases in the unemployment rate that occur near the beginning of recessions. So this morning’s move down in the unemployment rate lowered the recession probability in our near-term model. But we also find the level of the unemployment rate to be one of the most useful indicators ofmedium-term recession risk. So the move down in unemployment raises the model’s view of the risk of economic overheating in the medium run and raises the “background risk” of recession.” - Zerohedge
Read more on this article here...

Wednesday, May 25, 2016

Is there any security in the markets that Deutsche Bank didn’t manipulate?

As more information comes out regarding the investigation into Deutsche Bank, we have to wonder if there are any securities out there that the German investment bank didn’t rig and manipulate.  That is because on top of the acknowledgement last month that they rigged the gold and silver markets for several years, on May 23 it has now been verified that Deutsche Bank also rigged stocks.
Since the U.S. began allowing corporations and banks to function outside GAAP, and mark to market accounting, many of these entities use holding companies to dump bad assets into during times when they are to report earnings.  This of course inflates the value of the bank or business, and perpetuates false shareholder values and unjustifiable bonus distributions.
But eventually all reporting, both honest and fraudulent, comes to light and it appears that securities going back to 2013 were hidden to help Deutsche Bank’s balance sheet look better than it actually was.
market manipulation
Read more on this article here...

Monday, May 16, 2016

Major banks desperate for liquidity want you to open new accounts

An interesting thing happened along the way to insolvency for major banks dependent more upon zero interest rate borrowing from the Fed than from everyday depositors.  And that being, the banks now desperately want your money and are willing to pay for it.
Within the past few weeks, both Goldman Sachs and Deutsche Bank are offering between 1-5% yields for simple savings accounts when for the past seven years depositors were not only receiving less than 1%, but the days of free checking were now long over.
Deutsche-Bank

Monday, April 25, 2016

Gold manipulation in the U.S. goes back to 1987 when Greenspan made it Fed policy to protect the stock markets

If there ever was an example for just how much power the simple yellow metal known as gold holds in the world's financial system, all one has to do is look at the depth and breadth that manipulation over its price has been used by Western central banks.  And with the revelations two weeks ago of Deutsche Bank finally admitting that not only they, but many bullion banks conspired to hold down gold prices, a shocking revelation by well known journalist F. William Engdahl sheds new light in just how far down the rabbit hole gold price suppression goes.


"The first time I came across evidence that select Wall Street and other major international banks, in cooperation with the Federal Reserve, were deliberately suppressing the world gold price was in the aftermath of the global stock market crash of October, 1987. That was when the Dow Jones stock index lost 23% in one day," the researcher narrates. 
Indeed, on October 19, 1987, the United States faced a severe stock market crash: within one day — the notorious "Black Monday" — the Dow Jones Industrial Average (DJIA) swiftly lost 508 points. The crash prompted deep concerns regarding apparent inefficiency of the US' monetary system. 
"John Crudele, an exceptionally persistent financial journalist with The New York Post and John Williams of Shadow Government Statistics and an exceptional economist, informed me at the time of the gold manipulation reports," Engdahl continues. 
"The reason for the fix, which then-Fed chief Alan Greenspan reportedly orchestrated, was to prevent a stampede by panicked investors out of risky stocks and bonds into gold. Had gold profited from the stock panic, it could well have been an early end to the dollar system. It worked then to prevent a gold rise," the researcher underscores. - Sputnik News
And as you can see on the chart, gold declined from late 1987 following the October stock market crash and did not recover that year's high of over $500 per ounce until the events of 9/11 brought enough buying pressure to overwhelm central bank manipulations 14 years later.

Saturday, April 16, 2016

Financial events of this last week may be leading to devaluation or even collapse of dollar within weeks

Earlier this week, there were two major financial events which occurred with little fanfare by the mainstream media, but could be leading to profound consequences for the dollar and the future of the global reserve currency. On April 15, long time Wall Street metal and bond analyst Rob Kirby forecast in an interview on USA Watchdog that the revelations by Deutsche Bank of gold and silver manipulations are just the tip of the iceberg, and that major devaluations or even a crash of the dollar could be coming as quickly as the next few weeks.


In his interview with Greg Hunter, Rob Kirby expressed the point that these manipulations go far beyond simply domestic and foreign banks participating in the de-frauding of the gold and silver markets, and that if you follow the money, they lead directly to the U.S. Treasury Department and Federal Reserve. And this alone could explain the sudden 'emergency' meeting that took place on Tuesday when Federal Reserve Chairman Janet Yellen called for a meeting with President Obama and Vice President Biden at the White House.

Friday, April 15, 2016

When the SGE declares its own gold price next week, the arbitrage battle for gold really begins

April 19 is the expected day the Shanghai Gold Exchange (SGE) is to declare its own Yuan denominated gold price in the world's largest physical gold market, and we are now less than four days away from what could be a radical sea change in the entire precious metals industry.

This is because no one yet knows at what price the SGE is expected to open with next week, but since the market currently marks up gold sales with as much as a 40% premium already, chances are extremely good that it will be much higher than the price long controlled by London and the U.S. Comex.

And should this truly be the case, where China announces a price that is greater than the Spot price determined in Western markets, then part one of China's gambit will be revealed, and it involves an arbitrage scheme meant to entice a shifting of all metals Eastward, using the greed of the West to accomplish this.

An arbitrage is when one market buys or sells an asset at a much different price than another market, allowing customers and investors the chance to skim profits from the difference between the two prices.  And an example of this would be if the SGE offered a buy price of say $1600 in U.S. dollar equivalent, where the current Comex spot price is $1235.  This difference in price would trigger a run on the Comex, where investors would try to buy up all available gold contracts, demand delivery, and then sell it to the SGE and collect the difference in profit.  The result of course is that the West would suddenly be drained of all their gold, and now China would have sole control over the global gold market.

Analyst Dr. Jim Willie also spelled this out in an interview he did earlier this week.

The Chinese attack within the Gold market could hit Satanist bankers where they live, in the fire of mid-April.... The arrival of the Gold futures contract in Shanghai poses an additional risk for the Western banker cabal, a grand crime syndicate which extends to the energy firms, the military industrial complex, the big pharmaceutical firms, and the press networks. 
A real valid bonafide Gold contract which delivers physical gold would enable vast arbitrage to buy cheap in London and sell dear in China. Any acceleration in the arbitrage activity, combined with any sincere attempt to set the Gold Fix in a reasonable manner that puts equilibrium as priority, and the Western bankers will face the USDollar kicked to the curb and possible global boycott. - Rogue Money
It is no coincidence that one time London Gold Fix committee member Deutsche Bank came out yesterday and admitted to the fraud and manipulation that has long taken place in the Western gold markets, and these revelations will provide China a strong boost for their new pricing mechanism if/when it comes out next week.  And besides just investors rushing to leave the Comex and begin participating in the SGE, a more important group of metal players will just as likely do the same, and they are the miners and refiners of gold and silver who will gladly take their production and move East to finally get a price worthy of their output.

Thursday, April 14, 2016

Deutsche Bank admits to precious metal manipulation and is expected to name other banks involved

For years the alternative media, gold bugs, and organizations like GATA have been screaming to Main Street on how the price of gold and silver have been manipulated by the banking system to protect the dollar.  And despite the fact that the very markets who control the gold and silver prices show on their own books that contracts out number the actual amount of metals available by ratios as high as 542:1, rarely has any bank or market maker ever admitted to participating in the rigging.

Until now.


Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings Plc to fix silver prices at the expense of investors, a court filing on Wednesday showed. 
Terms were not disclosed, but the accord will include a monetary payment by the German bank, a letter filed in Manhattan federal court by lawyers for the investors said. 
Deutsche Bank has signed a binding settlement term sheet, and is negotiating a formal settlement agreement to be submitted for approval by U.S. District Judge Valerie Caproni, who oversees the litigation. 
Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the world's largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix. 
According to the lawsuit, the defendants distorted prices on the roughly $30 billion of silver and silver financial instruments traded annually, violating U.S. antitrust law. 
UBS AG was also named as a defendant. Investors accused the Swiss bank of conspiring to exploit the Silver Fix, though it did not help set the benchmark. - Reuters
Interestingly, this admonition comes less than a week before China is begin setting its own gold price fix, and set in motion an arbitrage that will pit the East vs. West in who will have control and dominion over gold and silver.

Saturday, February 27, 2016

Germany's biggest financial institution Deutsche Bank tells investors to buy gold

Was it prudence or capitulation that led Germany's largest, and invariably most insolvent financial institution Deutsche Bank to tell their investors on Feb. 26 to buy gold?  But either way this recommendation could not have come at a better time.  This is because two days ago gold hit what it known as a 'Golden Cross' on technical charts, meaning the trend for prices is upwards and headed towards a strong bull market.

And perhaps most importantly, Deutsche Bank stands on the precipice of not only becoming bankrupt themselves, but they have the potential to take down many major banks in Europe and the United States due to their $70 trillion in derivative exposure.


Buy gold as “insurance is warranted” Deutsche Bank have advised in a note issued today.  
The embattled German bank has said that rising economic risks and market turmoil mean investors should buy gold for insurance.
Since the beginning of the year gold is by far the market's best performing asset, and in a recent look at historic trends is the best start for a year since 1980 when it completed a massive bull run from $35 per ounce to $850 an ounce over the course of a decade.


Friday, February 12, 2016

Former Wall Street insider and head of the OMB calls out bank ceo’s as liars and untrustworthy

Almost eight years ago, the former CEO of Bear Stearns appeared on CNBC to say that they were fully capitalized, and had $26 billion in liquidity.  Three days later, the 85 year old institution was gone forever.
Subsequently, other long-standing banks would also fail during that tumultuous year, with executives and business news analysts lying to investors who lost everything by not getting out while their shares were still available to be traded.
Fast forward to 2016.
Germany’s largest financial institution Deutsche Bank stands on the cusp of the next ‘Lehman Moment’, and once again members of the bank, along with business analysts, are downplaying their straits as being of ‘little note’.

Tuesday, February 9, 2016

Global debt now so great nations will be forced to reprice gold higher to backstop it

Since 1971, gold has been moved into the realm of a simple commodity and away from its 5000 year old status as money.  In fact, if you currently own or sell gold the IRS designates the metal as a collectible, similar to art or classic car.  But there is one thing that may be the catalyst to force gold back to its historical and long-standing place as money, and that catalyst is debt.

Global debt is now sitting between $230 and $550 trillion (dependent upon which statistics are measured), and which is almost three to eight times greater than the world's annual GDP.  And as we see country's like Japan, Switzerland, and Sweden enact negative interest rate policies to protect themselves from insolvency, and banks like Deutsche in Germany sitting on the time bomb of $70 trillion in derivatives, assets are desperately needed to backstop this debt before it simply implodes in a tidal wave of monetary destruction.

And gold can not only be this backstop, but its inevitable repricing will be the only thing to stave off collapse on a global level.