WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army

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This is your HOST, Strongman Shelford

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Serious?

I thought they were in bed together?

Maybe this is just a guise?

Does this mean JPM can't manipulate the price of silver anymore?

It has to be. This doesn't make any sense. They're all in bed together.

Strongman what's your take on all this? We need your expertise please. :)

heheheh it is just daddy slapping my wrist

I'm sure JP MORGUE will get right on it. LOLLOLOL!

No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)...

I know I was being facetious lol. Would you be so kind to give a brief description of what all this hoopla means? thank you!

it means nothing. JP morgan works for the US government I guess. China should also be involved. They are too big to not be a part of the game.
Above that , it might be only a matter of a network of few powerful individuals.

[link to www.bloomberg.com]


Bruno Iksil, the U.K. trader nicknamed the London Whale because his trading book was big enough to move the market, made a wrong-way bet on credit derivatives that led to the company’s biggest trading loss. At one point, as much as $51 billion in shareholder value was erased.

Some senior executives “acted like children” in handling the fallout from the errant trade, Dimon said last week at a conference the bank hosted in San Francisco. “Instead of helping, they were running around with their head chopped off,” he said.

JPMorgan has come under increasing scrutiny and regulatory oversight in the aftermath of the U.S. housing crisis. Agencies investigating the trading loss include the U.S. Justice Department, Federal Bureau of Investigation and Securities and Exchange Commission.


Doesn't surprise me. I thought they always acted like that.

Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot.

You knew it had to happen. The thieves are fighting over the spoils.

Last Edited by my 2 cents on 01/14/2013 08:30 PM

they are not unwinding. unwinding my a$$. it is just "compliance show"... "hey, I am regulating you" " this is serious business". they sleep together in the nights and play golf in the morning. probably they also go to the same club and perform same rituals together. they are so rich you may want to join them

Thanks buddy. My understanding is that they work for the Fed which is over 70% owned by foreign shareholders I believe. Ugh it's always down to the network of the psychopathic few.

Lol I would not be a part of any club that would have me as a member.

Actually if you look at the overall monetary value of the entire derivatives market it has fallen to a little under $700 Trillion (a drop of around 15% of overall value from the beginning of 2012.

Unfortunately it's not going to be even close to enough to get them to the bank leverage levels prescribed in the Basel III agreement, hence they are now working to water down Basel III...

However I do agree with you that regulatory authority over the big five is an absolute joke, they essentially regulate themselves...and we all know how that has worked out...

I agree 100%, Strongman. Nothing is being unwound, in any fashion. This is just a dog and pony show for the masses, to make them believe the Fed and JPM aren't run by the same very powerful bastards behind the scenes. Nice try, VPB (Very Powerful Bastards).

Saddletramp! Please help! When you say JPMC was not unwinding a portion of their derivative portfolios, would that include mortgage servicing on loans purchased from WAMU?
What would unwinding entail? Like allowing more short sales of those toxic assets to get them off the books and get the payout from FDIC on the mortgage default insurance? Please help as I have a serious matter pending with Chase and they keep flip flopping.

Last Edited by ArcanoExAngelos on 01/14/2013 08:50 PM

I hate to be the bearer of bad news, but the Fed is 100% owned by foreign shareholders. 51% is held by the Rothschild family alone. JPM is one of their many front companies; it does their bidding in every sense of the word. There will NEVER come a day when the Fed actually reprimands or countermands JPM. They are one and the same. Luckily, however, there will come a day when both the Fed and JPM are banished from this planet forever.

LOL now thats a good one!

This looks like the beginning of the end for JPMorgan and they are directing the illegal money to go elsewhere, probably HSBC. their derivatives, and silver short losses must be so large the Fed doesn't want the liquidity from drug trafficking to be lost. It also appears that the Fed wants some kind of record of something when JPMorgan goes down so all the companies records and accounts aren't vaporized to cover the fraud. The Fed is also isolating JPMorgan from any FDIC insurance so as not to cause panic system wide when they go down and wipe out the measly$35 bill they have. The massive sales of silver eagles after the mint reopened must have triggered this. Long live the silver liberation army, i dont want to be too optimistic but we may have our first scalp. If we see other banks offloading their shit into JPMorgan this week and next, we will know for sure that they are to be thrown under the train. This looks like an attempt to isolate the damage but the Fed has created an arrogant monster, Jamie Dimon, that they cannot control the true canibalistic nature of these parasites will emerge and a lot of dumb fuckers not paying attention are going to be wiped out, not to mention the EBT cards. This will cause the riots they need to get the people to beg for martial law.

Yes this is a total charade they are on the same team of corrupt financial system which needed to be replaced...

The important thing to remember is that the losses Chase, and other banks suffered in the derivative markets over the last two quarters are being subsidized by the Fed to the tune of 40 Billion per month with the Fed paying full price for MBS that are worth .10 on the dollar on the open markets. All quantative easing has been a banker bailout...

^^^^^THIS^^^^^

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