Friday Road Trip 10/5/2012
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So my latest revelation about Citibank taking up the silver suppression cause has ruffled some feathers but that's nothing new on the Road to Roota. Here is what I posted:
ALERT: Silver Hot Potato Being Passed Again!
http://www.roadtoroota.com/members/1019.cfm
As a matter of fact, I faintly remember warning of this occurrence over a year ago when Citibank declared they were poaching "derivative experts" from the pool of JP Morgan Banksters. Here's the original article in the FT from April 2011:
Citi poaches bankers for derivatives relaunch
http://www.ft.com/intl/cms/s/0/55ac5ace-bde9-11e0-ab9f-00144feabdc0.html#axzz28BIfiV9g
"Citigroup has staked out its ambitions to capture business flowing from sweeping reform of the over-the-counter markets by poaching 14 bankers -- mostly from JPMorgan -- as the bank relaunches its exchange-traded derivatives business."
"The move is a sign that even as some banks have shed thousands of jobs amid anaemic trading conditions, some are hiring in anticipation of the growth of services, such as clearing of OTC derivatives, propelled by the Dodd-Frank Act in the US and similar reforms in Europe."
"Citi has created a new team of 26 bankers in its "exchange-traded and OTC clearing" business by this week hiring seven bankers from rivals, including four from JPMorgan. That comes on top of six hired earlier from JPMorgan."
"The relaunch at Citi comes the same week as Mr Kemp's former colleague and co-head of futures and options at JPMorgan, Peter Johnson, was hired by Bank of America Merrill Lynch as head of global futures and OTC clearing -- a similar job to Mr Kemp's."
"Of the four JPMorgan bankers hired in the latest round at Citi, Conor Cunningham joins the bank to run its ETD business in Asia from Singapore; Chris Day heads up origination Asia, based in Hong Kong; while Ian Nissen becomes head of futures and prime finance sales in Australia."
END
So clearly the ex-JP Morgan traders have made a home at Citibank and have set about the task of MASSIVELY OVER LEVERAGING another too big to fail bank with a boat load of silver derivatives.
The only question left is...ARE THEY GOING LONG OR SHORT? You can't tell by looking the OCC data because it does not give you their net position. Nevertheless it is a huge position to add in just 6 months time!
There have been rumors floating around that some ex-JPM traders were going after their old boss Blythe Masters and JP Morgan but I suspect that was a planted rumor. I believe it is more of a head fake as they pass the "Silver Rigger" torch from JPM to Citi so JPM can go down in flames gracefully.
Any way you shake it, the very fact that Citibank has added $9.5B in silver derivatives in only 6 months should have those sleuths over at the CFTC jumping up and down...THAT WILL BE THE DAY!
They are both incompetent and on a time schedule so we will see what happens.
Like A Thief in the Night
Those of us who KNOW the crash is coming have wondered how long it will take from beginning to end. So far it has taken since 2008 and the Good Guys have allowed it to be delayed until 2012.
That's a long delay but I believe it will soon commence again for various reasons.
Those "market analysts" who are expecting to see a market crash in 2-3 years have been saying 2-3 years for about a decade. It is a VERY safe prediction because 2-3 years never really comes so they can't be wrong. It's like when I say "It's going to happen tomorrow!"...of course "tomorrow" never actually arrives...I guess it's the NEXT tomorrow!
But "one day" it will happen. We all agree on that because it always does happen. There has never been an un-backed fiat currency that has withstood the test of time and this time is no different. The only reason our current system has lasted so long is the implementation of computer rigging programs to "control" the prices of everything from the currency markets to the stock markets to the bond markets to the SILVER market. We truly are living in a Matrix type world.
For those of you who argue that a Gold Standard hasn't lasted either you might want to take anther look at history as to WHY we always go in and out of a Gold Standard. The facts will show that if countries stay on a true gold standard there aren't the booms and busts but rather slow and steady growth with ample prosperity. It is only when governments TWEAK the traditional gold coin standard that the troubles begin and ultimately culminate in the abandonment of the traditional Gold Standard for some mangled pseudo-Gold Standard only to watch it fail in time.
Given what we know about the rigging of so much of what we call "markets" today, I believe that when the crash does come this time it won't take long to take down everything. Truthfully it has been ongoing since 2008 so a quick end should not be a surprise. It may even be almost instantaneous...or at least it will feel that way. It's like when Humpty Dumpty fell off the wall...there will be a quick fall ending in a mess that can't be put back together.
Yes - it can happen any moment and if you listened to those who always say 2-3 years you will miss the boat and sink with the rest of the suckers.
Do yourself and your family a favor and be prepared by weighting your "investment portfolio" with 100% with physical gold and silver.
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Good Guys Hit Hard!
So JP Morgan, the head honcho of the Banking Cabal came under serious attack from the Good Guys this week...
JPMorgan Unit Is Sued Over Mortgage Securities Pools
http://www.nytimes.com/2012/10/02/business/suit-accuses-jpmorgan-unit-of-broad-misconduct-on-mortgage-securities.html
"The federal mortgage task force that was formed in January by the Justice Department filed its first complaint against a big bank on Monday, citing a broad pattern of misconduct in the packaging and sale of mortgage securities during the housing boom."
Make no mistake...the mortgage fraud is what will galvanize the entire population of the United States against the banks. Millions have lost their life savings due to this scam and millions will want their pound of flesh. The $20B suit against JPM is just the tip of the iceberg.
We will be hearing a lot more about mortgage fraud and at some point it will get so bad that most people will STOP making their mortgage payments all together.
It serves the Banksters right!
Of course the Banksters set their mainstream media whores loose to try to claim that it's NO FAIR that they get procesuted for crimes committed years ago. "Let's just let bygones be bygones is what they want...
CME Reopens The Doors For The Market Riggers
The CME is a criminal organization. The facilitate the rigging of all markets especially the silver market. They are part of the Banking Cabal and those who run it will be Drawn and Quartered when this game is over.
The latest is the complete reversal of their new position limits self-regulation rules. Basically, they have given JPM and friends free reign to rig as much of the COMEX trading as they want.
CME sticks with its own position limits after ruling against CFTC
http://www.reuters.com/article/2012/10/03/us-cme-positionlimits-notice-idUSBRE8920YG20121003
"Exchange operator CME Group said on Wednesday it will maintain its existing position limits regime after the U.S. Commodity Futures Trading Commission's (CFTC) new rule to curb commodity market speculation was thrown out by a court."
"CME Group had proposed a revision to its own position limits rules to bring it in line with the changes mandated by the CFTC, which were due to come into effect on October 12. That rule was thrown out by the U.S. District Court of Columbia on Friday following a lengthy challenge by Wall Street banks."
"CME Group said that "in light of the action by the District Court" they were withdrawing plans to revise the exchanges' "Rule 559", which governs the number of commodity contracts an individual can hold on the New York Mercantile Exchange, Chicago Board of Trade, and the Chicago Mercantile Exchange."
"The Exchanges will not be adopting any revisions to Rule 559 at this time, and will continue to consider all requests for exemptions subject to the existing provisions of Rule 559," CME Group said in an emailed notice."
There is BLOOD on the battle fields and it is being spilled by both the Good Guys and the Bad Guys. Ultimately the Good Guys will win and it will be decided in the cyber world of commodity trading.
"Buzz Lightyear" Bernanke Carries Through With The Master Plan
It should be obvious for you Road to Roota followers that Ben Bernanke is deliberately trying to destroy the US Dollar. After his announcement of QE to infinaty he followed up with a speech stating even more than that...
Bernanke Says Fed to Keep Rates Low Even After Economy Picks Up
http://finance.yahoo.com/news/bernanke-says-fed-keep-rates-163016026.html
"Federal Reserve Chairman Ben S. Bernanke renewed a pledge to sustain record stimulus even after the U.S. expansion gains strength, while saying policy makers don't expect the economy to remain weak through 2015."
"We expect that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economy strengthens," Bernanke said today in the text of a speech in Indianapolis. Policy makers' forecast to hold the main interest rate near zero until at least mid-2015 "doesn't mean that we expect the economy to be weak through" that year."
Never has a Fed Chairman told such a bold truth...there will be no end to money printing. All other statements from all Fed Chairmen over the years have had end dates and yet none of the end dates ever came...but they still said it. They still said it was only temporary because that's how the game was played. It was a HUGE delay tactic. A perpetual delay tactic.
But not any more. The Fed wants it to end so Bernanke has sealed the deal with the boldest statement he could ever make about Quantitative Easing...
"TO INFINITY AND BEYOND!"
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How Many Times Can Jeffrey Christian Be Wrong?!
I just can't let this one go. Jefferey Christian is a Banking Cabal spokesman who's job it is is to put silver investors off the trail and keep the market rigging mechanism going. He is the SELF PROCLAIMED inventor and promoter of gold and silver derivative markets. He has told all his clients to short silver and they are all bleeding losses.
Here's this moron talking to BNN on August 7th saying that anyone who thinks the silver market is rigged is just a conspiracy theorist. Check out his prediction for silver...
http://watch.bnn.ca/commodities/august-2012/commodities-august-7-2012/#clip735116
Listen to what this TOOL say about the price of silver starting at 3:15 into the interview..
"We think it's going to breakdown the low side. Our expectation is that it's going to go down to $25 or $24 over the next couple months. And basically trade between $22 and $29 or $30 over the rest of the year."
And he goes on to say that the silver price will trade between $20 and $28 over the next 2 years!
This man is either the stupidest analyst in the history of investing...OR HE IS CORRUPT AND TRYING TO PROTECT THE BANKING CABAL.
Given that he gets 99% of his funding from the banksters which do you think it is?!
John Gault Arrives Right On Time
Looks like Part 2 of Atlas Shrugged is all set to be released on the very day that the CFTC Position Limits was SUPPOSED to be implemented...Friday, October 12th.
If you ask me that's the perfect time for the SILVER Rocket to FINALLY Take Off!
That's it for this week. I know we are all very tired of fighting these battles but there is a light at the end of the tunnel and it is fast approaching.
What ever you do...BE PREPARED FOR ANYTHING TO HAPPEN.
We are in the Hot Zone.
Bix
