Chase Burning - by Alex Schaefer

[stoneFree]

Perhaps I'm enjoying this saga more than I should be. First saw it here at MaxKeiser.com

http://maxkeiser.com/2011/08/04/i-st...h-in-van-nuys/

http://maxkeiser.com/2011/09/05/the-...burning-banks/

http://articles.latimes.com/2011/aug...nting-20110828

Painting is currently $10,100. with a day left on eBAY.

[David Merrill]

I was hoping to find the case on JP Morgan Chase today. 11-6188 - still nothing on PACER.

[stoneFree]

In this May 12, 2011 article Operation Silver Slam, Bix Weir talks about one of the many illegal ways JP Morgan Chase uses to make money, and keep the central-banking scam alive.

[stoneFree]

Things are heating up for JPMorganChase. Class action lawsuit filed 9-12-11 in NY alleges manipulation of the silver market. 104-page pdf file:
http://www.gata.org/files/Consolidat...09-12-2011.pdf

According to the updated complaint:

-- MorganChase already had a large short position in silver when it acquired another large short position upon the investment house's acquisition of the failed New York brokerage Bear Stearns in 2008. This, the complaint says, gave MorganChase hugely disproportionate influence in the silver market.

-- MorganChase used "fake" and "spoof" trades to manipulate prices downward, particularly in advance of contract expiration dates, when MorganChase held put options, which became more valuable as the price of silver was driven down.

-- MorganChase reduced its short position following the May 25, 2010, hearing of the U.S. Commodity Futures Trading Commission, in which complaints of gold and silver market manipulation figured heavily. (GATA Chairman Bill Murphy and board member Adrian Douglas testified at that hearing and presented a statement by a London silver futures trader, Andrew Maguire, detailing market manipulation he had witnessed.)

-- MorganChase regularly engaged in uneconomic trading activity in silver whose only purpose was price manipulation.

-- The CFTC received a detailed complaint about silver market manipulation from a "whistleblower" (this is presumably Maguire).

--Market circumstances during the period of manipulation alleged by the lawsuit were much different from the circumstances previously investigated by the CFTC when it concluded that there had been no manipulation.

While these are all only allegations, the silver price manipulation case against MorganChase is now extensively detailed with names of participants, specific actions and their dates, and identities of participants. Market experts no doubt will find much more of signifance in the consolidated complaint.

http://gata.org/node/10448

[shikamaru]

Paper gold and silver (derivatives) is not physical gold and silver .

[stoneFree]

True! Paper gold & paper silver have been manipulated to bargain lows today. Here's latest email from Bix:

Just a quick note. I've been getting emails from people around the world who are angry that they are not able to secure physical silver at these low manipulated prices. There are both problems with supply and exorbitant premiums in the retail sales market. We have been waiting for the separation between paper and physical silver and it seems we are there.

Paper Silver hit $26.08 this morning which is the low for the year and right where Bill Daley (Obama's Chief of Staff and JP Morgan "Hit Man") began the latest silver manipulation operation back in January. Daley announced in November that he is "transitioning out" of his position.

Basically, we have come full circle and reached the END of this round of silver manipulation.

Load up on physical silver at any price.

We're about to see our silver moonshot!

Bix Weir
www.RoadtoRoota.com

[David Merrill]

Yes!!

I like the paradigm shift of simply using their Notice. "This call may be recorded..."

If they are telling you the call may be recorded then that is what they are saying. Better for you to record the call (too) rather than to try convincing them that they have no right to record the call. That is the alternative is it not? Refuse for cause the novation (innovation). Don't let them record the call either.

[Keyser Soze]

How ironic.....

[David Merrill]

Good shot!

[ethanL]

I remember the case, which lodged against Chase bank for supposedly giving a Texas man cardiac arrest after property foreclosure notices were delivered to him. It is contended in the lawsuit that Chase was accountable. Article Source: JPMorgan Chase foreclosure heart attack.