"At first, the love of money, and then that of power began to prevail, and these became, as it were, the sources of every evil. For greed subverted honesty, integrity and other honorable principles and, in their place, encouraged pride, inhumanity, contempt of religion and general corruption."
Sallust, Conspiracy of Cataline
"Please read this article carefully because I’m disclosing for the first time that the U.S. government has given JPMorgan the green light to manipulate the silver market. This fact explains the shenanigans in the silver market. It answers all the questions and exposes this tawdry affair for all to see.
If my analysis is correct, what does this mean for silver from here? It will prove to be wildly bullish for the price; maybe not immediately, but on a long term basis. It sets the stage for the really big move in silver. This overt government interference in the silver market will boomerang at some point, just as every attempt at artificial price setting has failed."
Ted Butler, A Few Questions, One Answer, June 15, 2012
"The Commodity Futures Trading Commission today issued an order filing and settling charges against JPMorgan Chase & Company (JPM) and its subsidiaries, for manipulative and deceptive conduct and spoofing that spanned at least eight years (back to the time Ted Butler wrote in 2012) and involved hundreds of thousands of spoof orders in precious metals and U.S. Treasury futures contracts on the Commodity Exchange, Inc., the New York Mercantile Exchange, and the Chicago Board of Trade. The order finds that JPM’s illegal trading significantly benefited JPM and harmed other market participants."
CFTC, CFTC Orders JPMorgan to Pay for Spoofing and Manipulation, Washington DC, September 29, 2020
"We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."
Eddie George, Bank of England, as cited in Reg Howe v. BIS, JPM et al., September 1999
As a country becomes industrialized, its governance and corruption challenges do not disappear. They simply morph and become more sophisticated: Transfer of a briefcase stashed with cash is less frequent. Instead, subtler forms of capture and "legal corruption" exist: an expectation of a future job for a regulator in a lobbying firm, or a campaign contribution with strings attached. In many countries this may be legal, even if unethical. In industrialized nations undue influence is often legally exercised by powerful private interests, which in turn influence the nation's regulations, policies and laws."
Daniel Kaufmann, Corruption And The Global Financial Crisis, Forbes, January 27, 2009
"I know nothing that I may say can influence you. You have no souls to be influenced. You are spineless, flaccid things. You pompously call yourselves Republicans and Democrats. You are lick-spittles and panderers, the creatures of the plutocracy.”
Jack London, The Iron Heel
Note that the 'record' settlement with JPM for rigging the precious metals markets announced in 2020 was said to have been conducted for 'at least eight years.'
Ted Butler wrote his letter in 2012.
People burn a lot of memory cells trying to come up with a reason of 'why does the government do this?'
Why were most of the politicians and the authorities, especially in large urban areas, on the take for organized crime in the early part of the twentieth century?
Why do people in authority turn a blind eye now to brazen financial frauds, murder en masse, and unjust wars of aggression?
It's always fear and greed. The bullet or the bribe.
It's all about the Benjamins.
Stocks bounced.
Gold and silver fell back a bit further as the Dollar strengthened a little.
The Payrolls report came in shockingly light, thereby cementing the thought of another rate cut from the Fed, further encouraging risk assets. Why this strengthened the Dollar is beyond me.
Manipulation. Corruption.
The truth is there to be seen. Most will not look, and if looking, will not see.
It's the oldest story there is.
"The rich man said, ‘No, Father Abraham! But if someone is sent to them from the dead, then they will repent of their sins and turn to God.’ But Abraham said, ‘If they won’t listen to Moses and the prophets, they will not be persuaded, even if someone rises from the dead.’”
Luke 16:19-31
As old as Babylon, and evil as sin.
US national elections next week.
Have a pleasant evening.
