U.S. Intelligence Suspected of Killing CFTC Silver Manipulation Case Against JP Morgan

By Dominique de Kevelioc de Bailleul

“Four-year silver probe set to be dropped,” FT titles its piece Monday regarding the JP Morgan silver manipulation scandal.

According to FT:

A four-year investigation into the possible manipulation of the the silver market looks increasingly likely to be dropped after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation. . .

In 2010, Bart Chilton, a CFTC commissioner, said that he believed there had been “fraudulent efforts” to “deviously control” the silver price.

But after taking advice from two external consultancies, the first of which found irregularities on certain trading dates that it believed deserved more analysis, CFTC staff do not have sufficient evidence to bring a case, according to the people familiar with the situation.

Though Ted Butler, GATA and Andrew Maguire have provided the ‘watchdog’ agency with a drivers licenses of the suspects, a video tape of the incidents, the address of the assailants and the usual time they sit down for dinner, two mysterious “external consultants” believe that the “CFTC staff do not have sufficient evidence to bring a case.”

Therefore, the refusal of the CFTC to hand over the ‘smoking gun’ evidence to the U.S. Department of Justice in the JP Morgan case is no longer the issue for silver bugs to seek relief; the issue now becomes: Why won’t charges ever be filed against Jamie Dimon?

On May 5, 2006, then-President George W. Bush essentially handed over Wall Street, COMEX and CME to the Director of National Intelligence (DNI), a spy agency created in Dec. 17, 2004.  In essence, with the signing of the Intelligence Reform and Terrorism Prevention Act of 2004, anything that truly matters in the financial markets ultimately has no democratic oversight to protect market participants.

From the Business Week article of May 2006 (no longer available online):

Intelligence Czar Can Waive SEC Rules

Now, the White House’s top spymaster can cite national security to exempt businesses from reporting requirements.

President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye.

AUTHORITY GRANTED. William McLucas, the Securities & Exchange Commission’s former enforcement chief, suggested that the ability to conceal financial information in the name of national security could lead some companies “to play fast and loose with their numbers.” McLucas, a partner at the law firm Wilmer Cutler Pickering Hale & Dorr in Washington, added: “It could be that you have a bunch of books and records out there that no one knows about.”

The memo Bush signed on May 5, which was published seven days later in the Federal Register, had the unrevealing title “Assignment of Function Relating to Granting of Authority for Issuance of Certain Directives: Memorandum for the Director of National Intelligence.” In the document, Bush addressed Negroponte, saying: “I hereby assign to you the function of the President under section 13(b)(3)(A) of the Securities Exchange Act of 1934, as amended.”

A trip to the statute books showed that the amended version of the 1934 act states that “with respect to matters concerning the national security of the United States,” the President or the head of an Executive Branch agency may exempt companies from certain critical legal obligations. These obligations include keeping accurate “books, records, and accounts” and maintaining “a system of internal accounting controls sufficient” to ensure the propriety of financial transactions and the preparation of financial statements in compliance with “generally accepted accounting principles.”

Knowing how the National Security Agency (NSA) has worked in the past, it, also, should not be too surprising that the ‘smoking gun’ witness to JP Morgan’s blatant manipulation of the silver market, Andrew Maguire (and his wife), was attacked by a hit man in a hit-and-run car assault the day following his damaging testimony against JP Morgan at a CFTC hearing of Mar. 25, 2010.

Here’s where the DNI may have stepped in to squash the CFTC investigation into JP Morgan and, possibly, took action to permanently squash Andrew Maguire, too.

At the time of the attack on Maguire, the highly-controversial Admiral Dennis C. Blair was on duty as director of national intelligence (Jan. 29, 2009 – May 28, 2010).

The U.S. economic collapse “already looms as the most serious one in decades, if not in centuries,” Blair told the Senate Intelligence Committee on Feb. 12, 2009.

“Time is probably our greatest threat,” Blair added. “The longer it takes for the recovery to begin, the greater the likelihood of serious damage to U.S. strategic interests.”

Nearly a year later, Feb. 3, 2010, Blair testified again before Congress, and said, “If that direct action–we think that direct action will involve killing an American, we get specific permission to do that. … I would rather go into details in closed session, Mr. Chairman, but we don’t target people for free speech. We target them for taking action that threatens Americans or has resulted in it.”

Blair added, “Being a U.S. citizen will not spare an American from getting assassinated by military or intelligence operatives overseas if the individual is working with terrorists and planning to attack fellow Americans.”

Those two ‘external consultants’ who ‘advised’ the CFTC to drop the case against JP Morgan may have come from the DNI, citing national security interests, of course.

And as far as Andrew Maguire, it may have been a pure coincidence that the director of national intelligence at the time of his hearing with the CFTC was a loose cannon, Blair, a possible psychopath.  Was the DNI behind the hit-and-run of Andrew Maguire and his wife?

For more information on Blair’s checkered past, including disobeying direct orders, suspicions of perjury and other dishonorable accusations, read about him on Wiki.

Bill Gates Joins Warren Buffett to Play Joseph Goebbels

The propaganda war against the world’s safest of havens, gold—with a track record of 5,000 years as proof of its role in a monetary system—has taken a step up with the voluntary outing of the latest American copy of the WWII-vintage Nazi Party Minister of Propaganda, Joseph Goebbels.  His name is William (Bill) Gates.

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In an interview with CNBC’s Becky Quick, Gates agreed with Warren Buffett’s negative assessment of holding gold during a financial crisis.

As Gates’ eyes shifted off to the side, he said, “I’m certainly in that camp,” as he proceeded to elaborate in a manner that showed his uncomfortableness with the question and his own response, shifting in his chair several times as he starts off talking about the risks of central banks selling it because it doesn’t “do anything for the people,” and then repeating almost word-for-word Buffett’s sophomoric line about the “psychology” of people buying it because they think it may be worth more in the future.

Here’s the link to the 2-minute clip of Gates’ response to Quick’s question regarding Buffett’s remarks about gold.  Note how he truly struggles with a fabricated response.

Make no mistake it.  Gates’ role is one of a man who finds himself playing a performing puppet for a criminal enterprise, which itself plays the roll of a legitimate Constitutional government.  It appears that Gates must play this role, because the world is too small and his face too well-known to bow out to live in peace on some South Pacific island away from those who would like to remind him of his lifelong commitment to ‘the family’.

Congressman Ron Paul understands the awkward position in which Bill Gates finds himself.  Paul once said of the endless others of Gates’ ilk, all of whom have been seduced by Washington and its suited prostitutes, “When one gets in bed with government, one must expect the diseases it spreads.”  The disease Bill Gates has caught he cannot shake unless he steps out of the pack.  But the pack, in addition to holding a carrot in one hand, also holds a stick in the other.

To better understand Gates and the context behind the disconnect between the reality people feel in their daily lives and the faux reality in which media would like us to believe about almost anything, Republican political operative Karl Rove of the George W. Bush administration shamelessly repackages a Goebbels-ism for a reporter he deemed to be an enemy of Washington power.

From a NY Times Magazine article of Oct. 17, 2004, written by Ron Suskind, who quoted an unnamed “aide” to George W. Bush (revealed later as Karl Rove):

The aide said that guys like me [Ron Suskind] were “in what we call the reality-based community,” which he defined as people who “believe that solutions emerge from your judicious study of discernible reality.” … “That’s not the way the world really works anymore,” he continued. “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do.”

Washington’s propaganda war, from the war on terrorism, to the invasion of Iraq, Afghanistan, to the virtues of the Federal Reserve, and endless other topics, media is the all-important weapon in the information war between those who report the truth as they believe it to be and those who seek to condition an electorate into thinking against their own self-interests in favor of a few.

In the case of Gates in this instance, he’s merely been called upon to act on the stage at the behest of Washington.  And after reviewing his latest performance, he doesn’t pull it off very well when it’s time to outright lie, because Gates’ entire life has been conditioned to respond in an intelligent and thoughtful manner to complex puzzles.  He’s clearly not gifted at political rhetoric.

After Warren Buffett took a shellacking for his child-like presentation of why he has no gold (he says), Gates, like a drunk trying to save his buddy who was struck by a car while staggering to reach the other side of a busy freeway, will also receive a Chevy bumper to the face in his effort to come to the aid of his friend.

And it’s really of no surprise that Gates would side with the man he “fell in love with” at first sight.  It’s safe to say that Buffett would pooh-pooh Apple’s operating system in favor of Microsoft’s clunker, if push came to shove.

And considering that the two men have in common the burden of being captured by a Washington power structure that aided and abetted both their empires from the jaws of the Sherman Ant-Trust Act of 1880, anyone can clearly see the motivation of both men for going out of their way to discuss that “silly” gold.  Both men would lose a substantial percentage of their fortunes if gold became the foundation of the world’s monetary system.

It’s quite obvious that someone has applied pressure on these two men to play roles each must certainly now feel uncomfortable playing.  How can one of them now buy a billion dollars worth of gold and still cheer-lead the hopelessly broken dollar.  Call it a “deal with the devil” or a simple quid pro quo with Mafia Dons who need to call in that big favor.  Either way, it smells of Nazism dressed in suits.

But the overarching question to this recent spectacle surrounding gold is:  if the yellow metal is so unimportant, irrelevant, barbaric and useless, why do these two men feel so compelled to talk about it?  Shame on both of them.

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