Hail! Hail! The gang’s all here.
Only imbeciles, morons, and cowards won’t call it like it is.
The Wall Street Gang and the Bankster Bandits.
Criminal mobs right in front of our eyes.
Money Junkies. Addicts. They NEVER get enough.
How many times do they have to get caught stealing and never go to jail?
Step right up! Step right up to the Greatest Freak Show on Earth!
Look at them!
Here is the latest from CNBC:
“JPMorgan Chase is set to pay $920 million to resolve probes from three U.S. government agencies over its role in the alleged manipulation of metal and Treasurys markets.”
The figure was released Tuesday by the Commodity Futures Trading Commission in a statement from Commissioner Dan Berkovitz. Last week, news reports indicated the New York-based bank was nearing a settlement of almost $1 billion.
For eight years, a group of traders at JPMorgan systematically ‘spoofed’ precious metals and Treasury futures markets by entering hundreds of thousands of orders with the intent to cancel them before execution,” Berkovitz said. “The Commission’s Order finds that JPMorgan manipulated these markets and failed to diligently supervise its traders.”
The language is a farce.
Government B.S. spewed out for the Presstitutes to sell.
“Resolve probes,” “alleged manipulation,” “systematically ‘spoofed’ precious metals market.”
How about: “Greedy, lowlife criminals were again caught stealing… destroying the lives and life savings of honest people who invested in precious metals.”
But don’t call them criminals.
They’re “White Shoe Boys”… and they come in all races, creeds, and colors.
One of them was President Obama’s Attorney General, Eric Holder, who, when The Banksters fleeced the American public out of trillions of dollars, he declared the “Too Big to Fail” were Too Big for Jail.
We note the government’s slap on the Banksters’ wrist with minor fines compared to the money they made and lives they ruined… and continue to ruin.
As evidenced by the numbers, the economic devastation caused by sheltering-in-place entire nations to fight the COVID War should have equity markets deep in bear territory.
But no. Just a few hours after CNBC ran the article that JPMorgan rigged the precious metals market, the Presstitutes followed up with this cheery headline and accompanying article from their corporate pimp:
“JPMorgan predicts a 10% rally for the S&P 500 and names the U.S. sectors to watch
Industrial and construction material stocks will be among the sectors that will benefit as U.S. markets hit fresh highs over the next year, JPMorgan Private Bank’s Grace Peters told CNBC Tuesday.
Peters, head of equities strategy at the wealth management arm of the U.S. bank, told CNBC’s ‘Squawk Box Europe’ that investors should be adding cyclical exposure to their investment portfolios in the next 12 months, to benefit from the economic recovery following the coronavirus crisis.”
Again, and again, and again… the evidence proves the game is rigged.
As George Carlin brilliantly noted back in the day, “It’s one big club, and you ain’t in it.”
Indeed, a slap on the wrist for high crimes from the JPMorgan White Shoe Boys and prosecuting to the “fullest extent of the law” for We The People.