JP Morgan is screwing us over and creating artificial markets?

Posted: March 7, 2011 in Finance
Tags: , , , , , ,

You don’t say?! A bank, seriously a bank after 2008 when shown that they were the victims of this crisis and the American people were the victors, is playing the markets?! You mean a corporation(s) with so much goddamn money it can impress or suppress the price of any commodity or stock or fund on the market, is doing this! Of course. Bankers own and run the world. Literally, when a country takes a loan where does it get its money? The largest of them all, the IMF. A bank!

A Conspiracy With a Silver Lining

By WILLIAM D. COHAN
As Americans know all too well by this point, commodity prices — for corn, wheat, soybeans, crude oil, gold and even farmland — have been going through the roof for what seems like forever. There are many causes, primarily supply and demand pressures driven by fears about the unrest in the Middle East, the rise of consumerism in China and India, and the Fed’s $600 billion campaign to increase the money supply.Nonetheless, how to explain the price of silver? In the past six months, the value of the precious metal has increased nearly 80 percent, to more than $34 an ounce from around $19 an ounce. In the last month alone, its price has increased nearly 23 percent. This kind of price action in the silver market is reminiscent of the fortune-busting, roller-coaster ride enjoyed by the Hunt Brothers, Nelson Bunker and William Herbert, back in 1970s and early 1980s when they tried unsuccessfully to corner the market. When the Hunts started buying silver in 1973, the price of the metal was $1.95 an ounce. By early 1980, the brothers had driven the price up to $54 an ounce before the Federal Reserve intervened, changed the rules on speculative silver investments and the price plunged. The brothers later declared bankruptcy.

http://opinionator.blogs.nytimes.com/2011/03/02/a-conspiracy-with-a-silver-lining/?hp

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Comments
  1. idiolkips says:

    Nice site

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