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Thread: The banker conspiracy theory once again becomes fact

  1. #1
    tWebber
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    The banker conspiracy theory once again becomes fact

    Well, after we found out banks rig the forex markets, libor interest rate markets, and the derivative securities market (which took down everything in 2008), the next nail in the coffin pretty much makes the conspiracy circle almost complete...

    Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings Plc to fix silver prices at the expense of investors, a court filing on Wednesday showed.

    Terms were not disclosed, but the accord will include a monetary payment by the German bank, a letter filed in Manhattan federal court by lawyers for the investors said.

    Deutsche Bank has signed a binding settlement term sheet, and is negotiating a formal settlement agreement to be submitted for approval by U.S. District Judge Valerie Caproni, who oversees the litigation.

    A Deutsche Bank spokeswoman declined to comment. Lawyers for the investors did not immediately respond to requests for comment.

    Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the world's largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix.

    http://www.reuters.com/article/us-de...-idUSKCN0XA2RU

    For some reason, in spite of all the countless banking scandals that are being exposed every year, gold and silver manipulation accusation was fervently denied by MSM and other economic establishment shills even though we had evidence a year ago that even the commodities market in general was in fact susceptible to banker manipulation.

    Congrats to all those gold and silver bugs (you know who you are) that stuck to their convictions in spite of being vilified and castigated as conspiracy kooks; you have been officially vindicated. Let's hope this is exposed much wider so we can see the full scope and that the "settlement" won't bury this under the rug.

    I say "almost" in the beginning of the post, because the next "ridiculous" conspiracy scandal that must be exposed is how banks manipulate the stock market by various methods such as front running via high frequency trading algorithms, and last but certainly not least the entire treasury bond markets (see here and here).
    Last edited by seanD; 04-16-2016 at 06:13 PM.

  2. Amen Secular Liberation amen'd this post.
  3. #2
    tWebber
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    http://www.zerohedge.com/news/2016-0...have-gone-jail

    Conspiracies dont exist, surely.

    You can tell people to stack and maybe even get some bitcoins as well as looking to more historically sound forms of barter.

    But the money gods dictated we are getting a cashless society. Should be interesting.

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