JPMorgan’s former gold trader Gregg Smith sentenced to 2 years for fraud, market manipulation
(nypost.com)
🚔 Crime & Bankers 💸
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Atleast now we can show this to people who claim "No one can manipulate Gold prices"
I mean... Rothschilds set the value of gold twice a day for a hundred years.
I'm not sure what "manipulate" means, but I'm pretty sure setting the price of the most important commodity in the market by simple declarative authority qualifies.
They short the market, to cheat the longs. And then spoof the price down to cover.
And yes it's illegal.
Now do Jaime Dimon!!
And the mayo man- financial criminal Ken Griffith.
He has 65 billion of stock sold, not yet purchased.
But they are still at it...
Great... but prices are still manipulated.
Which i guess is okay for now... because we're not done stacking yet.
This type of crime effects millions of people. There are people who lose homes, retirement funds, health care, college savings, etc, We need to change the penalties to reflect the number of victims. Maybe if we add one month for every victim the crimes will stop since these criminals will die in prison.
Is anyone else here suspicious of all the "conservative" talking head shows, and hosts, pushing gold right now? Is it quite possible that like a lot of things, the big players got in on gold earlier, are trying to push the price up, and then will dump when they feel they've made enough from it, and like a lot of things, leaving the "little guy" left holding the bag.