regulation

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Precious Metals Déjà Vu For Morgan Stanley?

In 2007, Morgan Stanley paid $4.4 million after being accused by its own clients of only pretending to purchase bullion on their behalf, and then charging them “storage fees” on this imaginary bullion – a blatant act of fraud (as alleged). However, in 2012 while Morgan Stanley is once again charging its clients “storage fees” for the bullion they think they are buying for themselves, it is no longer even pretending to store any bullion on their behalf.

11Apr2012 | | 0 comments | Continued
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The Gambler Economy

With the fruits of our labours preserved via the integrity of a gold standard, and with ordinary people not being brainwashed into incurring vast amounts of debt, the average citizen of a century ago was largely immune to the scams of the bankers. Not so today.

28Feb2012 | | 0 comments | Continued
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Exposing Silver Mythology, Part II

Judging by its own words, the CFTC apparently sees no need to actively “regulate” the silver market until silver inventories hit zero – and the entire market implodes. At best this can be described as “willful blindness”, and calls into question the presumption that this official regulator of the silver market has been acting in good faith.

6Feb2012 | | 0 comments | Continued
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Silver: Shorting Consumes, Investing Conserves

There is less silver in the world today on a per capita basis, and less silver in the world today in relation to the supply of gold than at any other time in at least 600 years, prompting Ted Butler to dub silver “The Rarest Earth”.

10Nov2011 | | 8 comments | Continued
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SLV And Silver Manipulation

JP Morgan is the largest silver short-seller in the history of the world. JP Morgan is the “custodian” for the largest “long” silver fund in the history of the world, making this one of the largest conflicts of interest in all of history.

24Oct2011 | | 1 comment | Continued
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What the Lamestream Media has Missed: Occupy Wall Street Is a Memo To Obama And The Establishment

The smooth arc from the Tea Party to Occupy Wall Street, and how the establishment and the media have put themselves on the wrong side of history.

6Oct2011 | | 20 comments | Continued
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Salvation For Western Pension Funds

The days when Western pension fund administrators could draw fat salaries for serial-failure are over (one way or the other). Allowing these pseudo-professionals to remain on their present course will result in nothing less than mass-bankruptcies throughout our pension systems (shortly followed by riots in the streets).

7Sep2011 | | 0 comments | Continued
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The Ratings Agencies, Part II: Fiduciary Duty

Clearly, with S&P claiming that its rating is merely some worthless, ornamental decoration which is tacked-on to various financial products, there should be no possible reason for the rabid theatrics of the U.S. government which followed. It is only in a marketplace where the vast majority of participants are ignorant about these disclaimers that the reaction of the U.S. government is rationale…

24Aug2011 | | 0 comments | Continued
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The Ratings Agencies, Part I: Experts or Charlatans?

… supposedly our legal systems don’t allow a group of people to call themselves “experts” when they are pocketing fat fees for their analysis/assessment of the quality of complex financial products; and then to say “Just kidding. We’re not experts, and no one should base any financial decision on our opinions” once such “opinions” have been shown to be severely flawed.

22Aug2011 | | 0 comments | Continued
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New Rules For Western Banks, Same Hypocrisy

The “extra capital” which (some) U.S. banks will be forced to implement over a period of seven years under the new “Basel II” accord would all be 100% consumed (plus much more) if U.S. housing prices fall even 1% more

28Jun2011 | | 0 comments | Continued