JP Morgan Dimon MastersIn this interview with unconventional finance’s Elijah Johnson, Bill Murphy of GATA how a Fed tapering of QE would likely affect precious metals, whether China is involved with gold suppression, and what GATA believes will happen in the gold & silver markets that will finally expose JPMorgan’s alleged manipulation of the PM markets.

GATA’s Bill Murphy on Taper & PM manipulation is below:


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    • 4oz,
      Maybe you and I are the only ones that have caught on to all of these repeats, after all something always needs to be said to keep our interests up and kicking the can down the road until The Doc recycles what has already been said once again!

    • Yes, these stories do seem to be recycled but is that not a function of experience?  Those of us who have been into PMs for a while now do see this as “old news”.  The good news, of course, is that more people are becoming interested in PMs, so we have new people coming into the PM market as well as looking for news that is not old to them.  We have the luxury of being able to skip any articles that cover topics already familiar to us.  :-)

    • Ed_B … “The good news, of course, is that more people are becoming interested in PMs”

      Truly, Ed! In the natural scheme of specie money, the elderly retirees expend their savings to … the young … for they in turn to secure their own feeble years.

      This ‘ancient tradition’ is ever-more important to revive and preserve in today’s environment of the banknote scheme, because we ought to strive toward conveying our savings as directly as possible to young men and women  … preventing our hard-won sacrifices from falling AGAIN into the grip of bankers who will certainly deny those young folks from realizing their goals.

  1. Jp morgan is the government nothing ever happens to them. They are the 6 mega banks that will lend to the government since most other countries wont. The government injects QE 85 billion a month 10xs that amount each month the banks can lend out through fractional reserve banking most going to the government. The banks have now a huge mega war chest of money to loan out in the excess of 16 trillion dollars. An when they people are starving an there economy is tanking the people are going to riot when they find out the gov is holding so much money in the banks an there not doing nothing to help the economy an the people. That will be a much bigger scandle

  2. I’ve been hearing this same talk for over 15 years now!  You and I can buy all the metals in the world and it would not change one thing that the banks do. As long as the banks issue the nation’s currency, they will always control all aspects of manufacture, industry, finances, and government…. 100%.
    I’d love to know HOW anything will ever be exposed. The SEC, The CFTC, The Dpartment of Justice (Justus), nor anyone else will do a darn thing to upset the very applecart that allows them a life of luxury and an endless supply of finance.
    Gary Ginsler (Head of The CFTC) isn’t about to open his mouth nor charge one banker/investment broker with any banking fraud charges.
    Mary Jo White (Chair of the Security Exchange Commission – Obama Adminstration/Federal Reserve Corporation handpicked person) isn’t about to do a thing to upset her newly found honeypot!
    It has, all throughout history, come down to the peopel having to take a stand and remove the banks from their shores.
    The Founding Fathers has to take a stand or pay King George. Today, we either are going to have to take a stand, or we will be completely enslaved to the bankers.
    Iceland just recently, yet again, threw not only more bankers in prison, but kicked out the entire House!!!!!!
    The USA has turned into a nation of sheep, weak emasulated women men.

    • @Ranger
      “I’d love to know HOW anything will ever be exposed.”
      OK, let me take a shot at it.  Two words:  Edward Snowden.  
      No company and no government or department thereof is ever a monolithic structure.  They are made up of groups and individuals, some of whom are not mind-numbed robots who always do as they are told.  They recognize threats to constitutional government when they see them and they are willing to blow the whistle on such activities.  It is unfortunate that it has to come to this but at least the truth is slipping out here and there.  What would we now know of NSA spying on Americans without Ed Snowden?  My guess is next to nothing.  There is a lot of concern out there on this and it very much appears as if there will be some legal battles waged over this very issue.  Additionally, some of the states are also looking at this sort of thing and are taking legal steps to ensure that such routine and unjustified spying is not OK.  It will be a while before this is all sorted because it is an involved process but progress is being made.

  3. My Uncle the great Philosopher told me two things. He said, “Ranger do not live your life as a jerk!” and I cannot be ostracized for that, the other thing he devoutly told me, “No white man ever picked cotton, so don’t become a slave of the bankers!”
    Now I quote, “Remember The Alamo and The Boston Tea Party!” We can all pitch in and slow the money down” if you know what I mean!!!!!!

    • @Ranger , how does one slow the money down?
      By not spending, or by reducing one’s spending as much as possible?
      By purchasing PM’s, thereby putting money ‘on ice?’
      Sorry, but I am just thick-headed and simple-minded.  All the talk about shorts and longs and derivatives makes my head spin.  And then there are the charts – which just look like squiggly lines to me.  There are many predictions for how high PM’s will go, and when, but how can anybody predict the future in a market that many believe is manipulated?
      But what I DO understand is the practical stuff like stacking, saving for a rainy day, spending less than I earn. Learning the skills necessary to make, fix, and grow things, avoid debt.  Finding alternative ways to bring in income besides the day-job as well.

    • @Ranger
      “No white man ever picked cotton”
      Really?  News to me.  Although I am not white because only albinos are really white, I have picked cotton before and it is hard work.  First, the hulls of a cotton bowl split open when the cotton is ready for picking.  It is hard, almost like a nut hull… and it is sharp along the edges where it has split open.  Next up, it is incredibly light and they pay by the pound, so it takes for-freaking-ever to get several pounds of it picked.  Then, there is the heat and humidity… both of which are usually in the 90s, and there isn’t any shade since cotton plants only come up to a man’s waist.  Last, there are snakes in some of the fields, mostly cotton mouths and copper heads.  Both are quite poisonous as well as bad tempered.  
      In spite of all this, I did manage to accomplish a few things during my 2-weeks of cotton picking: 1) I learned that manual labor sucked and that there HAD to be a better way to earn a living; 2) I associated getting money with sweating for it; and 3) that everyone in that field was equal to everyone else.  Not at all a bad set of lessons for an 11 year old kid.  :-)

    • Ranger  … “don’t become a slave of the bankers!”
      But MOST especially avoid being a slave of the government, because it’s government which confabulates the statutory jurisdictions outside of Common Law and the Constitutions, under which the bankers (and politicians themselves) can criminally operate as they do.
       “A citizen of the United States is a citizen of the federal government …” (Kitchens v. Steele 112 F.Supp 383)

      “The United States Government is a foreign corporation with respect to a state.” Volume 20: Corpus Juris Secundum, (P 1785: NY re: Merriam 36 N.E. 505 1441 S.Ct. 1973, 41 L. Ed. 287)

      “The Congress shall have Power to dispose of and make all needful Rules and Regulations respecting the Territory or other Property [synonym of jurisdiction or authorization] belonging to the United States; and nothing in this Constitution shall be so construed as to Prejudice any Claims of the United States, or of any particular State.” – Art. IV, Sec. 3, cl. 2
      So, you see, to escape the clutches of the bankers, you must first escape that of the politicians and ‘kill two birds with one stone’.

  4. Prosecution—-No 
    Persecution with Extreme Prejudice–Yessss!
    The DHS supposedly has 1,600,000,000 rounds of 40 cal ammo.  Wimpy piss ant ammo.
    Uh, got news for you slick, I’ve got 1,600,000,000 of ammo. 
    Well, maybe me and my friends.  
    150,000,000 gun owners with 300,000,000 guns.   500 round per gun?  150,000,000,000,000 rounds
    Can anyone say? “You’re going to have a really bad day, Custer”
    Chief Sitting Bull, sitting right next to Chief Crazy Horse

  5. It’s ironically comic how Mr. Murphy laments, that the MSM ignores manipulation of metals markets; saying they ‘just won’t touch the subject, yet both he and Mr. Johnson ‘just won’t touch the subject’ of the banknote scheme … at the very heart of ALL manipulation’s facilitation mechanisms (and the interconnected political corruption they make hay over too)! Because they BOTH blithely pre-suppose banknotes are ‘money’ … amazingly, despite their OTHER assertions to the converse, they reflexively find ground to commiserate about ‘gold’s low price’. The topic OUGHT to center on the banknote’s insane over-valuation against EVERYTHING, to be consistent across the whole scope of their presently confused rhetoric.
    To speak of Honest or Sound Money, while simultaneously treating banknotes in presumptive equation, is a constructive dichotomy … screaming out … for notice. The deafness of conventional viewpoint, subliminally conditioned to prevail unquestioned, however, plainly obliterates that desperate cry. That’s an endemic malady I see far too many folks sadly suffering from, though.

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