@dowhatuwill Exactly, they are ALL CROOKS, How can they regulate themselves, they can't, JP Morgan works for the government to keep inflation down. can't even sue them because the attorneys and judges are CROOKS too.
SPIC/FDIC is established to cover unique improper occurence of a financial default. It is NOT there to cover a SYSTEMIC collapse over an enitre sector/market. Do you understand that?
This guy is a joke, NO insurance fund out there exist to insure against "Systemic" default/collapse of a entire market. THere is NOT enough money to do so, it would be impossible.
So basically he's saying he's incompetent to regulate because of legal semantics. It's so over-leveraged and he knows it. Is he a good guy or just trying to cover his ass? He comes across like some naive guy who has an inkling something is wrong.
I know Bart Chilton and have exchanged emails with him many times on this issue. he knows exactly whats going on and how JP Morgan and others manipulate the silver price down. Will he or the CFTC ever do anything about it? NO WAY, NO HOW. His job is to create the illusion they are on the job. Nothing could be further from the truth.
Buy silver anyway because the banks nand the crooked regulators are going to lose control of silver and investors will taste sweet success for their faith.
@dowhatuwill Exactly, they are ALL CROOKS, How can they regulate themselves, they can't, JP Morgan works for the government to keep inflation down. can't even sue them because the attorneys and judges are CROOKS too.
trangenusa 1 month ago
@ineedmoneymo EXACTLY, they are ALL CROOKS, including the judges and attorneys, they are only giving the semblance of doing their job.
trangenusa 1 month ago
Poor Uker's I would move Australia,Canada or America
superhawkn 1 month ago
city of london have no finance laws... 400-1 leverage on that LBMA GLD baby!
ljmaason 1 month ago
i like the fact he admits that paper trades 10x the amount of the physical, so should physical cost 10x as much? ( i can dream lol )
i like how ever rule has and exemption form lol wow
707lonewolf 2 months ago
It's crime when the Hunts manipulate the silver market, but it's OK when Jamie Dimon does it? Fuck you, Shillton!
PhartBoks 2 months ago 2
SPIC/FDIC is established to cover unique improper occurence of a financial default. It is NOT there to cover a SYSTEMIC collapse over an enitre sector/market. Do you understand that?
Drav1212 2 months ago
This guy is a joke, NO insurance fund out there exist to insure against "Systemic" default/collapse of a entire market. THere is NOT enough money to do so, it would be impossible.
Drav1212 2 months ago
So basically he's saying he's incompetent to regulate because of legal semantics. It's so over-leveraged and he knows it. Is he a good guy or just trying to cover his ass? He comes across like some naive guy who has an inkling something is wrong.
MrMetalBreath 2 months ago
I know Bart Chilton and have exchanged emails with him many times on this issue. he knows exactly whats going on and how JP Morgan and others manipulate the silver price down. Will he or the CFTC ever do anything about it? NO WAY, NO HOW. His job is to create the illusion they are on the job. Nothing could be further from the truth.
Buy silver anyway because the banks nand the crooked regulators are going to lose control of silver and investors will taste sweet success for their faith.
dowhatuwill 2 months ago