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 fraud. Show all posts
Showing posts with label fraud. Show all posts

Sunday, March 5, 2017

How does J.P. Morgan's trading desk have 0 losses in two years? Short mining stocks then crash metal prices to cover

According to a recent report out by Zerohedge, J.P. Morgan's trading desk had one of the most incredible, and impossible win streaks ever seen on Wall Street.  In fact, not only did they not have a single losing trade in 2016, but between 2012 and 2016 they only had two singular losing trades out of billions if not hundreds of billions conducted in the HFT sphere.

Thus the question one has to ask of course is how is this possible since the the average win ratio for even the best individual trader is around 58%?  And in an interview on March 3 with Peak Prosperity's Chris Martenson, the long time financial analyst lays out one of the many scenarios used by the investment bank through their shorting of mining stocks, then crashing metals when the markets are closed by dumping billions of dollars of naked shorts on the Comex to skim the profits, and then cover their positions.

Image result for jp morgan manipulating silver market
Rory Hall:  I want to get back to something we we're talking about a moment ago, and that is silver.  And how do you see yesterday with this silver beatdown, and where silver was raped for better lack of the word, by more than 4%... there was something like $2 billion worth of digital contracts thrown at it in about a half an hour.  What's your take on that? 
Chris Martenson:  There is a fairly complex take on this, but let me make it simple here... it's fraud.  And it's not just in the silver market.  I follow silver and gold closely so I'm aware of this there, but I can tell you it happens everywhere now because the big banks long ago won the battle and captured the SEC under Mary Jo White, and it's been a complete disaster of lack of regulation. 
So here's is the focus on how and where this theft, this fraud is committed.  The big commercial banks that are out there... J.P. Morgan, HSBC, all the big bullion banks that are playing in this market.  They go out there and take the opposite side of this trade, and they are rapidly getting shorter, and shorter as the price of silver is going up.  And taking the other side of that bet are only people I can assume are named Charlie Brown, because they fall for it everytime.  And the banks have done this a dozen times over the past five years. 
But here's the tell... as silver was rising the last three days before that big smackdown, the miners... the silver miners in particular were very weak.  In fact, they were going down. 
So when you see the stocks going down at the same time the metal's are going up, you know that someone is aggressively selling those... they are shorting the stock, selling the stocks short. 
So they build a huge naked short position in the mining stocks, and within days BAM!  And the next thing you know the price of silver gets hammered... monkey hammered in the aftermarket.  After the physical London market is closed they always do it then, if not at 1:30 in the morning, and they just flood the market and crush the bid stack, driving the price down.  They they simply buy back and cover their shorts and skim the profits while leaving everyone holding the stock, or a futures contract, as the loser.

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...

Thursday, April 28, 2016

The big gold short: More paper gold is traded in London everyday than all available physical gold in the world

In the movie The Big Short, banks were buying and selling derivatives on mortgage bonds at rates of hundreds if not thousands of times the actual number of houses tied to those bonds.  In fact, it was the advent of the Synthetic CDO (collateralized debt obligation) that turned a housing crisis into a global financial collapse.

Yet because global governments didn't unwind these trades when the need for a bailout came, and jail the bankers who created the environment for global collapse, they simply gave the criminals on Wall Street and London the motivation to keep committing fraud and manipulation in not only the housing market, but in every market.

Following the decision to keep interest rates down to near zero, and initiating a program of money printing that was labeled as 'Quantitative Easing', central banks desperately needed to keep the price of gold down so that the true value of the dollar, euro, and yen would not be realized by the public or general economy.  And they did this by removing all protections to the gold market and allowing paper derivative contracts to dictate the physical markets.  And now five years later, that manipulation has reached levels where more paper gold contracts are traded everyday in London than the total amount of physical gold that is available in the entire world.


Currently, the number of contracts on the COMEX represents 300 times as much paper gold as there is physical metal in the COMEX vaults. Moreover, this number has ballooned at a faster pace over the past two years or so. The 300:1 ratio of contracts to physical ounces is propped by powerful restrictions. The COMEX forbids delivery of gold on the ramps to satisfy a gold contract, under threat of banning the party from participation and entry in the door. Almost nobody takes actual delivery of their metal, except for the big Wall Street banks which steal gold from other depositors. These banks also routinely rig the windows to enable removal of investor gold in the GLD Exchange Traded Fund, and silver from the similar SLV fund. Imagine a gold futures contract with no delivery possible. How absurd! But it has been the reality since June 2012. 
The situation is perhaps even more frightening in the London Bullion Market Assn (LBMA). This market sees $trillions worth of gold trades every day. The activity is truly baffling. On individual trading days, more gold changes hands within contract trading (paper shuffling) across the London market than all the available gold in the world. Yet no metal moves anywhere, in a grand charade. These are merely paper transactions, with almost no actual metal ever in movement. The staggering leverage and dilution should not make any sense to the rational observer. However, in sharp contrast, the Eastern nations are accumulating gold in large volume. - Dr. Jim Willie, Silver Doctors
And now you see why the new gold price mechanism initiated at the Shanghai Gold Exchange will soon be the most powerful change agent the world has seen in perhaps 100 years.  Because not only will it allow gold prices to finally break away from their paper restricted manipulations, but it will eventually force all assets to be laid bare when gold is once again the underlying foundation of all money.

Friday, March 25, 2016

Too big to jail continues for bankers at Goldman Sachs and the Fed

President Obama’s legacy will include many stigmas when it comes to finance and economics, but perhaps no more so than his administrations policy of ‘too big to jail’.  Coined first by the former Attorney General Eric Holder (who was a Wall Street lawyer and went back to Wall Street at the end of his tenure), this policy has allowed banks to defraud the public for trillions of dollars over the past eight years.
And the newest farce of the justice system occurred on March 22 when a U.S. Magistrate gave a now former Goldman Sachs employee a slap on the wrist for committing fraud by receiving and passing on insider information from the Federal Reserve that was used for profit prior to its public disclosure by the central bank.

Read more on this article here...

Tuesday, March 22, 2016

EBT absurdity: Welfare recipient attempts to purchase automobile with food stamp card

As America transformed into a society of political correctness, and where taxpayer funded programs and modifications were created to try to lessen the stigma of being on welfare under the auspices of providing ‘dignity’ to the less fortunate, it has done little to stop the underlying fact that if someone can defraud a system and get away with it, they will.  And there is no better example of this than what occurred in Florida on March 20 when a perfectly healthy man tried to use an EBT card to purchase a $60,000 automobile.
In the past, the purpose of food stamps, or SNAP as it is called today, was to provide a helping hand to those either working, or unable to work in the lower income brackets.  This supplemental program originated with recipients receiving a certain amount of specialized ‘currency’ from the Agricultural Department that could only be used for purchasing food at a local grocery store, and in products approved by that same department.  But as politicians became endeared to politically correct activists who demanded that those receiving food stamps be protected from ‘shame and humility’, the result was an electronic benefit system that has now been expanded to include it being used for anything from junk food, fast food, and even strip clubs.

Read more on this article here...

Sunday, January 31, 2016

Another Goldman Sachs banker involved in financial scandal

With Goldman Sachs representatives running high government positions all across the globe, it is not surprising when the bank gets caught being involved in financial scandals with foreign leaders and governments.  From the now European Central Bank head Mario Draghi regarding his involvement in the masking of Greek debt to get them into the Eurozone, to the former Prime Minister of Italy’s Mario Monti, who did the same for that country’s entry into the coalition, the banking firm has its tentacles in nearly every seat of power in the world.
So when a scandal broke in Malaysia earlier this month regarding their state run wealth fund, chances were good that the bank involved in the alleged fraud was none other than Goldman Sachs.
And it was.

Read more on this article here...

Wednesday, December 30, 2015

Canadian investors file a class action lawsuit against the London Gold fix banks for manipulation

Libor, Forex, money laundering for cartels, equities… what do all these have in common?  They are markets that banks and brokers were allowed to manipulate until it became public knowledge that fraud and corruption were taking place.
And with everyone and their brother knowing that gold markets and prices have been manipulated for decades, a new class action lawsuit filed by two Canadian investors through three Canadian law firms is trying to blow the whistle on one of the most egregious scams going on in the gold markets today.
In a suit filed on Dec. 22 against several banks involved in the London Gold Fix, lawyers from three firms are seeking $1.1 billion in restitution for losses taken by the manipulation of gold contracts and markets.

Read more on this article here...

Friday, November 27, 2015

Collusion and rate rigging by major banks the focal point of a new civil class action lawsuit

With the Department of Justice and U.S. regulators failing to stop fraud and corruption in the banking system following the 2008 Credit Crisis, it provided the banks a free ticket and ‘get out jail free’ card to continue their criminal activities unabated.  This of course led to more than a dozen instances of fraud and collusion in market mechanisms such as Forex, Libor, money laundering, robo-signing, the gold and silver markets, and many more.

But since the ones charged by Congress and the White House to oversee the banking system not only failed in their duties, but in many cases aided in the fraud, it is now up to the investment arm of the Chicago Teacher’s Pension and Retirement Fund to file a class action lawsuit against most of the major U.S. banks for their part in rate rigging and manipulation, and for the losses incurred by the pension fund because of this fraud.


Read more on this article here...

Wednesday, June 10, 2015

Charity frauds reach upper echelons as $500 million in contributions for Haiti lost in bureaucracy

As consumer watchdog groups follow in the footsteps of the great Ralph Nader, the realization that non-profit charities are more about big business than in aiding people has for a long time been a question on the minds of many.  And at the highest level of domestic and local charities is that of the Red Cross, who in a new report from June 6 showed that the incompetence of the organization’s massive bureaucracy lost track of nearly $500 million in donations that were supposed to go directly to the people of Haiti after the earthquake that totaled the island.
According to an investigation by NPR and ProPublica, $500 million in charitable contributions that were made immediately after the disaster, and that were publicly announced by the Red Cross to go for the rebuilding of hundreds of homes to provide shelter for close to 130,000 displaced residents, was squandered and ‘lost’, and they have no answer for what happened to most of that money.  And in five years time, only six homes have been built out of the promised 700 publicly announced by the organization.
 
Read more on this article...

Friday, May 29, 2015

Clinton’s up the ante and move into arms dealing for foundation contributions

Back when Bill Clinton was Governor of Arkansas, there was plenty of evidence to show that he used his office to aid in the drug trade through a local airport in Mena, Arkansas.  This of course became a modus operandi for the Clinton cabal as Bill then used his position as President of the United States to trade technology for donations with Chinese companies and the Chinese government.
So it should come as no surprise that fraud and corruption does not fall far from the tree as a new investigative report alleges that Hillary Clinton used her position as Secretary of State to facilitate arms contracts to countries that provided tens of millions of dollars to her slush fund which is also known as the Clinton Foundation.
 
Read more on this article here...

Wednesday, March 11, 2015

Former head of the SEC comes clean and admits market is rigged

Although absolution is indeed good for the soul, it does little to help those who were pillaged while fraud and corruption took place under a director’s watch.  And while new revelations by former SEC chief John Ramsay on March 10 validate that the market is a rigged game and programmed to benefit insiders over all other investors, it does little to alleviate the carnage that has helped create the worst wealth disparity in the history of American capitalism.


Read more on this article here...

Monday, January 27, 2014

Warren Buffett supports bank CEO that lost headquarters and had $25 billion in fines

Billionaire Warren Buffett has created a persona over his career where the public sees him as a kind old man with a genius for investing.   But in recent times, the ‘Oracle of Omaha’ has been involved in some highly questionable choices and partnerships, none more questionable when on Jan. 24, Buffett gave his absolute support to the CEO of J.P. Morgan Chase, Jamie Dimon, who has been under serious fire for continuous acts of fraud and manipulation.

 
 
Read more on this article here...

Wednesday, October 24, 2012

Corzine defense attempts to cry innocent by saying he lost money too

Former Goldman Sachs chief and Governor of New Jersey Jon Corzine is trying hard to act like an innocent victim in the ongoing MF Global fraud scandal.  In a recent hearing on Oct. 23, lawyers for the failed CEO attempted to get all inquiries and charges thrown out of court by intimating that he must be innocent of fraud since he lost money too when he bought company shares just a few months before the bankruptcy.



Indeed, the investors' claim that Mr. Corzine participated in a fraud "makes no sense" because, just two months before the company collapsed, he bought over 50,000 shares of MF Global stock on the open market. His lawyers argue Mr. Corzine's stock purchase belies the investors' claim that he sought to defraud them.

 As lawyers for the banks that underwrote MF Global's securities noted, trading firms can go under without fraud.

 "Companies sometimes fail because of unsuccessful business strategies," said lawyers for the underwriters. "However regrettable that reality, courts long have taught that such failures alone do not give rise to claims under the federal securities laws."

To date, neither Mr. Corzine nor others at MF Global have been charged with a crime. - Wall Street Journal via Zerohedge

Indeed, it is unlikely that Corzine will ever be charged with any wrongdoing, especially in lieu of the fact that the failed financier is one of President Obama's chief campaign contributors, and has helped the administration numerous times as an adviser and fundraiser.

Friday, August 24, 2012

States to go after Corzine as Obama administration refuses to prosecute the insider

Recently, the Obama administration and agencies the President runs reported they will not be prosecuting Jon Corzine for the known theft of over $1 billion in customer money at MF Global.  The former Governor of New Jersey, and former head of Goldman Sachs, is a long time insider and campaign contributor to Obama, which easily reveals why the fraud scandal is allowed to get off scott free.



However, the states themselves, and the constituents they represent are not planning on letting Corzine off so easily.  In a recent interview with Rick Santelli on Aug. 21, James Koutoulas said that all 50 states are looking into the legal process to go after Corzine for his actions.

Thursday, August 16, 2012

Jon Corzine: Steal a hundred dollars go to prison, steal $1 billion and you get a hedge fund

In a continuation of our storyline regarding why Americans and investors should get completely out of the financial markets, news today broke that the CEO of MF Global is mulling over creating a hedge fund, just months after stealing over $1 billion of his customers money.


In what should be the biggst non-news of the day, the NYT is reporting that not only will Jon Corzine not face any criminal prosecution for vaporizing hundreds of millions in client money (which subsequently condensed in the JPM middle office), but will in fact be launching ... wait for it... a hedge fund. "A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. - Zerohedge

Corzine, once head of Goldman Sachs, Governor of bankrupt New Jersey, CEO of MF Global, and campaign promoter of President Barack Obama, is taking his theft and fraudulent roadshow to its next stop.

We sincerely hope no one with half a brain will even think of investing money in this potential ponzi scheme for the should be incarcerated.

The days of trading in the stock and financial markets are over

In the past year, and carrying over from the taxpayer bailouts of banks and industries such as GM, the amount of fraud and manipulation in every financial market is immense.  No longer do the investor nor American people have protection by government agencies against market fraud, but in many instances, the federal government sides with the criminals to the detriment of the investor.



LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money?
The answer is that every single thing in that list is an example of market rigging, fraud, or both.
How are we supposed to make decisions in today’s rigged and often fraudulent market environment? Where should you put your money if you don’t know where the risks lie? How does one control risk when control fraud runs rampant? - Chris Martensen via Zerohedge

Knight Capital recently lost investors millions of dollars due to running a flawed computer algorithm used to skip trades and commissions for and against traders.  The Fed pumps money into stock markets skewing fundamentals so that investors have no idea of the true worth of a company.  ZIRP keep interest rates so low that it is no longer worth buying a CD, money market, or T-bill.

The wild west known as the global financial markets are not only broken, but controlled and manipulated so much, that only insiders have any ability to make a profit on the fraud and manipulation.  For the common man, the American who simply wants to ensure his dollar today is worth a dollar tomorrow, the real money, gold and silver in physical forms, is the only playing field that one can hold in their hands while the paper goes up in flames.

Tuesday, July 10, 2012

Futures investors Corzined again as PFGBest caught for using customer money

After the MF Global fraud and debacle, a new verb was introduced into the Lexicon of American finance.  To have your segregated funds stolen and used fraudulently by a broker or investment bank is now considered to be Corzined.



In a not so shocking event which came to light on Jul 8, futures investors who held accounts with PFGBest awoke to discover than the firm had not only spent all their money, but was completely insolvent as investors discovered yet another corrupt firm gambled away their savings.

PFGBest, which used to be the old Alaron Trading, has stolen at least $220 million of customer funds, which is fully HALF the entire customer asset base. The firm's owner attempted suicide this morning in the parking lot outside of the corporate HQ in Iowa.

While claiming to have over $200 million in bank accounts, it turned out that PFGBest only had $10 million at most. And they had been short NINETY-FIVE PERCENT of their seg funds for at least five months, and it may be closer to two years. The reportage on the timelines is very fuzzy. - Ann Barnhardt

The former futures broker predicted rightly that MF Global was not the only one to steal segregated funds to gamble on their own risky investments.  And as more and more investors in the corrupt U.S. markets discover the ponzi scheme of being Corzined, the sooner Americans will determine that the adage of if you don't hold, you don't own it is the standard for assets today.

Friday, December 16, 2011

Three years too late: Sec to finally sue Fannie and Freddie executives for fraud

During the Savings and Loan scandal of two plus decades ago, over 1100 bankers were arrested, indicted, and jailed for fraud.  In the 2008 credit crisis and subprime meltdown, nary a soul has been interrogated beyond a cursory hearing before the Congressional dog and pony shows.

So when the SEC in 2011 finally decides to step up and act like they are doing their fudiciary and regulatory duty in suing former CEO's of Fannie and Freddie for fraud and misleading investors on the subprime risk, it is simply a matter of three years too late, and one wonders if this is a simply a political move, rather than a judicial one.

Between December 6, 2006, and August 8, 2008, (the "Relevant Period"), Daniel H. Mudd ("Mudd"), Enrico Dallavecchia ("Dallavecchia") and Thomas A. Lund ("Lund") (collectively, "Defendants"), made or substantially assisted others in making materially false and misleading statements regarding Fannie Mae's exposure to subprime and Alt-A loans.
For example, in a February 2007 public filing, Fannie Mae described subprime loans as loans "made to borrowers with weaker credit histories" and reported that 0.2%, or approximately $4.8 billion, of its Single Family credit book of business as of December 31, 2006, consisted of subprime mortgage loans or structured Fannie Mae Mortgage Backed Securities ("MBS") backed by subprime mortgage loans.
Fannie Mae did not disclose to investors that in calculating the Company's reported exposure to subprime loans, Fannie Mae did not include loan products specifically targeted by the Company towards borrowers with weaker credit histories, including Expanded Approval ("EA") loans. As ofDecember 31, 2006, the amount ofEA loans owned or securitized in the Company's single-family credit business was approximately $43.3 billion, yet none of these loans were included in the Company's disclosed subprime exposure. - Lawsuit filed

Mudd Fnm Fre Doc

Monday, December 5, 2011

MF Global lawsuit bypasses company and goes straight to Jon Corzine

Since the CFTC, Attorney General, Obama administration, and every regulator refuses to touch Jon Corzine after the MF Global theft and scandal rocked the commodities world, two former employees have bypassed a lawsuit agains the company and went straight for the man himself on failed fudiciary responsibility.

And as of today, two former employees have proceeded to sue Jon Corzine as fins.com reports. "Two former employees of MF Global have filed a class-action lawsuit against the firm's former Chief Executive Jon Corzine, other senior executives and board directors on behalf of themselves and current and former employees who acquired stock in the company while Corzine led the firm. The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that the defendants provided false information regarding the company's financial condition and made statements that artificially inflated the stock price." Jon Corzine and the board breached their fiduciary duty to their employees and destroyed their careers and retirement savings," Jacob Zamansky, lead counsel for the plaintiffs, said in an email. - Zerohedge

The debate between Bernie Madoff and Jon Corzine comes down to who is protected by the powers that be and who isn't.  Bernie had the hammer brought down on him, while Corzine to this point has been touched with kid gloves.  However, for employees who lost everything because of the massive fraud implemented by the former CEO, they could care less about his political connections and appear to want to make him pay in civil court, which is outside the jurisdiction of his friends Biden and Obama.

Tuesday, November 1, 2011

Did Jon Corzine use MF Global as a Goldman Sachs Holding Company?

Commodities broker Ann Barnhardt (yes, the one of the pink assault rifle fame) laid out a scenario on October 31st that intimates that Jon Corzine may have used MF Global as a hedge fund to help profit Goldman Sachs at the expense of their account holders.

4. Speaking of Corzine, more info is coming out in the bankruptcy filings. First, Corzine stands to reap a $12.1 million severance package / golden parachute per the bankruptcy filing. But that isn't the worst. Corzine was hired by MF less than two years ago. He promptly went about loading the company up on European bonds. That in and of itself is damning enough. Remember, Corzine is Goldman Sachs. He knew EXACTLY what was going on in Europe and he knew that European paper was junk. But guess which European countries he loaded up on? Greece, Portugal, Italy and Ireland. The four little PIIGs. Corzine intentionally drove MF into the ground so that someone, and my money is on Goldman Sachs, could come in and buy the remains for 30 cents on the dollar or less. Watch the news. Watch and see who ends up buying the remnants of MF. If it isn't Goldman outright, I'll bet it is a "holding company" that is tied to Goldman. As an astute commenter over at ZeroHedge.com said last night, it looks like Corzine never really stopped working for Goldman. He just moved his office into MF Global's suite. - TFMetalsReport

Corzine's track record for leadership is abysmal.  Not only was a Goldman man from the beginning, but his tenure as Govenor of New Jersey helped bankrupt the state, and now, just two years into being employed by MF Global, the institution is itself bankrupt, and it appears that massive foul play may be involved with hundreds of millions of dollars in customer accounts simply disappearing.