By Charles Savoie: New $100 bills are coming in early October 2013! Even though these can be created to infinity and cost little effort and resources to produce, we are demanded by authorities to accept these as worth several times more than an ounce of geologically depleted, essential silver! But should we use these new bills, when we can use a debit card?
Connivers Figuring To Cheat (CFTC) & What Will TheySay When Silver Runs Out
Presented October 2013 by Charles Savoie
“CFTC & WWTSWSRO”
“THE INTELLECTUAL STANDARD OF THE CFTC’S RESEARCH WAS NOTABLY INFERIOR”—
Stephen Fay in “Beyond Greed: The Hunt Family’s Bold Attempt to Corner the Silver Market” (1982).
CFTC chief Gary Gensler, Goldman Sachs alumnus, seems to be saying, “Hey! Silver longs and mining shareholders! I picked up a line from “The Big Valley” TV series, October 31, 1966 episode, “Target.” I use the line at all CFTC meetings on silver prices—“I say, we kill him right now!”
“Marauders who’ll kill you for a hatband!” —“Hang ‘Em High,” 1968 Clint Eastwood movie.
In September 2002 in “Commodity Futures Treacherous Collusion” I speculated the CFTC to be in the pocket of silver short sellers http://nosilvernationalization.org/10.pdf
In October 2002 in “Is The Silver Lie Ready?” http://nosilvernationalization.org/11.pdf I speculated the shorts, exchange officials and regulators, when a silver delivery crisis hits, may attribute it to an Arab consortium who raided London of a huge amount of silver—I suggested the sum of 770 million ounces, as the London Bullion Market Association is famed for its opacity! The LBMA features top tier precious metals price antagonists including Barclays; Goldman; HSBC and MorganChase. Mine has been a very lonely voice in the wilderness since December 2004 saying these entities are all represented in The Pilgrims Society of Great Britain and its Manhattan branch, and that this group constitutes the central committee of synthetic money creators. Though difficult to quantify, I reckon that perhaps 15% of major metals sites have given this situation at least a trace of coverage, and the cause of absence of coverage is not because anyone challenged any part of the documentation presented. I remain one of two (2) long commentators in silver to be cited by the Silver Users Association, the others have been disregarded http://www.silverusersassociation.org/news/January_2006.pdf
But back to the suggested disclaimer for an availability crisis—I had the idea 11 years ago in “Silver Lie” that when it manifests, we’ll be told there was a huge shipment due to leave London for the COMEX, but it was clandestinely siphoned away by Arab interests as retaliation for the busting of the Hunt/Arab silver play of 1979-1980, which read about from this rather biased source “Beyond Greed: The Hunt Family’s Bold Attempt to Corner the Silver Market” (1982). Arabs burned by the rigged silver collapse in January 1980 included Abdul Wahab Galadari (construction, auto dealerships, travel agencies, hotels); Khalid Bin Mahfouz (adviser to Saudi Royal family; National Commercial Bank of Jeddah, with holdings in Belgium, France, Bahamas, U.S. and Brazil), Gaith R. Pharoan (consultant to Saudi Royal family; construction, real estate, hotels, Dallas skyscrapers); Saudi Prince Abdullah; Sheikh Ali Ben Mussalam and Sheikh Mohammed Aboud Al-Amoudi, co-owners with the Hunts of International Metals Investment Company (by August 1979 IMIC held at least 8,400 silver futures contracts); Haji Ashraf, then the leading bullion dealer in Dubai; and other Middle Easterners. Lebanese born Naji Nahas, who started in cotton and coffee trading, held large tracts of land in Brazil and also got burned by the shorts in the Hunt/Arab silver play. So when the delivery/availability crisis hits, we contemporary activists may hear that Arab interests colluded (because “conspiracies do not exist”) to withdraw a huge pile of 1,000 ounce silver ingots from the LBMA (unaudited) pool, and shipped the metal to an unknown destination in Brazil for safety from wartime prospects. This would fit the globalists plans of disfavoring the BRIC countries competing with the Anglo-American-European empire.
In January 2003 in “Silver Devils” I was convinced as to the fraudulent nature of the CFTC and concluded it to be “an infested hotbed of subversion for silver shorts”http://nosilvernationalization.org/16.pdf
No one need have searched further for corroboration as to the CFTC being infested by shorts than to tally the following five facts—first, Read Dunn, a CFTC commissioner, told Herbert Hunt in November 1979, in response to Hunt urging Dunn to buy some silver—
“I CAN’T, IT’S NOT PERMITTED.”
(See page 173, “Beyond Greed”).
Second, http://www.cftc.gov/opa/speeches01/opanewsm-20.htm has a 2001 speech by James Newsome, then CFTC chairman, to a meeting with the Silver Users Association—
“IT IS BOTH AN HONOR AND A PLEASURE TO ADDRESS THIS DISTINGUISHED GROUP. I look forward to WORKING WITH YOU as we move forward.”
Plump looking bully boy James Newsome, who was the equivalent of Colonel Hessler about to hit Poland with his paper selling Panzer tank division as concerned silver “trading,” thrilled the industrial silver users with servile, simpering verbal bouquets—
Newsome, a Mississippi cattleman, felt that only silver users should be allowed to graze at the COMEX silver feedlot! He knew this special interest lobby’s objective was low silver prices; his speech to them was not the act of an impartial regulator. On the long side it was equivalent to Newsome addressing a Silver Summit and declaring he wanted to “work with us as we move forward.” In silver, the CFTC “coin” always has only one side. He “worked with” the silver users while at CFTC, and was rewarded by being tapped to head the NYMEX on exiting CFTC! Whether in Washington, New York or Chicago, Newsome “worked with” silver users!
Newsome promised silver users their desire!
Looks like he’s just a mercenary for hire!
Don’t appeal to him; he’s already taken sides,
Option call money washes away on NYMEX tides,
Taking small investors for more losing rides!
Third, Brooksley Born, an earlier head of the CFTC (1996-1999), addressed the Silver Users Association on October 28, 1998, tickling their ears with the typical glowing, sweet talking flattery by towing the official dogma that no price manipulation in silver is possible other than on the long side—
“I am pleased to be asked to speak today to members of the Silver Users Association. Having represented a client in the cases and investigations relating to the 1980 manipulation of the world silver market by the Hunt brothers and others, I CONTINUE TO HAVE A SPECIAL INTEREST IN THE SILVER MARKET.”
Imagine the outcry if a see-saw manufacturer offered a playground machine which was delivered and installed with a low end that just always remained low! Who would want to ride or endorse it?
Fourth, October 18, 2000, saw CFTC Commissioner Thomas J. Erickson addressing the Silver Users Association
http://www.cftc.gov/opa/speeches00/opaericks-7.htm and indicating the expected belly-crawling attitude—
“I was pleased to accept Walter Frankland’s invitation to speak with members of the Silver Users Association.”
After leaving the CFTC Erickson was “conscripted” (very cooperatively we may assume) to take the chairmanship of the Commodity Markets Council, another District of Columbia entity. He is or was additionally associated with agribusiness titan Bunge Corporation (founded in 1818), which formed a joint venture in 2003 with silver user Du Pont. Maybe the CFTC could consider blaming the old silver-soybeans connection in a price run-up? No, because it won’t apply; and soybeans aren’t a financial devastation target like metals longs!
Fifth, Frederick W. Hatfield, CFTC Commissioner, spoke to the Silver Users Association on May 24, 2006 and opened with the usual glittering, star struck benediction (possibly with bejeweled slave maidens singing ethereally in the background) —
“It is a pleasure to be here today to address your association.”
At http://ir.theice.com/directors.cfm Hatfield was a member of the Obama Economic Policy Advisory Committee and is now chairman of ICE Futures U.S.
We just saw direct evidence straight out of the easily accessible public record of at least five (5) CFTC commissioners being undercover, in a brazenly out in the open way, with the Silver Users Association. Make that six (6), because to the contrary of any whining noises made by Bart Chilton in late September 2013 after the CFTC closed its five year silver “investigation,” he has very strong connections to silver user Du Pont http://en.wikipedia.org/wiki/Bart_Chilton It’s not realistic to see Bart as other than window dressing! The fact that so many CFTC commissioners have been pals with the Silver Users Association, by itself, constitutes prima facie evidence this agency has at all times been incapable of mandating any level playing field in silver. As Stephen Fay said in “Beyond Greed” (largely biased against longs), page 172—
“THE SILVER USERS ASSOCIATION PULLED EVERY STRING IT KNEW.”
Andrew Brimmer, a FED governor from 1966-1974, was on the COMEX governing board when silver was crushed. Just like Chilton, he had a Du Pont connection—he was a board member of Du Pont! Unbiased regulators and exchange officials? The facts say it’s an impossibility. There was a Du Pont on the board of the second United States Bank (shuttered by Andrew Jackson in 1836!) The biggest insider on the COMEX board at the time the Hunt/Arab silver play was crushed was former Treasury Secretary William E. Simon. In “Treasury Official Lies About Gold” http://nosilvernationalization.org/107.pdf I documented details about Simon—how after gold ownership was made legal again in 1975, till August 1976, he bombed gold from $200 to $103.50; he was a director of the IMF; World Bank; Bretton Woods Commission and many other entities.
Simon bragged, “I’m the guy that caused the lines at the gas stations!” —New York Times, June 4, 2000. Pilgrims Society members are Crown agents capable of influencing national and world events at the highest levels. Simon headed the (fascist) Federal Energy Office, 1973-1974.
According to the Australian League of Rights at www.alor.org/Volume11/Vol11No34.htm —
“The world’s Money Rulers are trying to phase out gold as the basis of monetary reserves. We believe that the most powerful group of International Finance operators is aiming to have International Monetary Fund Special Drawing Rights (S.D.R.s) accepted as the World Reserve Currency. This does not please such people as the French monetary authorities who are sitting on large gold reserves. The International Monetary Fund has very recently been “dumping” gold in the world’s bullion markets. The United States’ Secretary of the Treasury, Mr. William Simon, intends that the role of gold will be phased out of international monetary dealings. MR. SIMON REPRESENTS THE MOST POWERFUL GROUP OF INTERNATIONAL FINANCE OPERATORS.”
Another big marker of CFTC servility to silver (and gold) shorts is this from the Wall Street Journal, February 4, 1980, page 34—
“SOME WEALTHY SAUDI ARABIANS ARE PRESSURING THE STATE DEPARTMENT TO USE ITS INFLUENCE TO HAVE FREE TRADING RESTORED IN THE COMEX SILVER MARKET.”
Even the Wall Street Journal admitted there was no free market in silver! For the State Department to improve relations with Mexico and Peru by intervening with CFTC for fairplay in the silver market is less likely than body builders to stop flexing. After almost 34 years, nothing has changed, because the same Wall Street apparatus maintains stranglehold control over Federal agencies and Cabinet posts!
Reuben Jeffery III from Goldman Sachs headed the CFTC starting in 2005 and he is since and presently CEO of Rockefeller Financial Services http://www.rockefellerfinancial.com/LeadershipThe Rockefeller name recurs all over the financial sphere; Nelson Rockefeller (Pilgrims Society) was pals with the Congressional gang that legislated the CFTC into existence in 1975. Judge Patterson, who dismissed the silver lawsuit against MorganChase, was a Rockefeller University Council member in the 1980s. William T. Bagley, first CFTC chairman in April, 1975, was a Gerald Ford (Pilgrims Society) appointee. The CFTC was, is, and remains, irretrievably crooked, same as rattlesnakes can hatch out only more rattlesnakes. At the Rockefeller site I see a great-great grandson of John D. Rockefeller (Pilgrims Society) in addition to David Rockefeller (Pilgrims Society since 1949 or earlier), David Rockefeller Jr. (100% likely a member), Michael S. Rockefeller (likely member), Mark F. Rockefeller (likely member), Colin G. Campbell (Pilgrims Society) and Lord Jacob Rothschild (100% chance he’s a member, his family was one of the founders) —
Reuben Jeffrey III, a highly likely Pilgrims Society member (no list has surfaced since 1980), was with the Pilgrims Society law firm of Davis, Polk & Wardwell, and is still presently a director of major silver price antagonist Barclays Bank, chaired by Rothschild son in law, Marcus Agius (yes, another highly likely member.) At www.pilgrimsociety.org they say their intention is “promoting Anglo-American good fellowship.” So? This doesn’t by itself sound like a risky program, therefore, why are they still largely hiding in the dark? Why is their dual membership roster not publicly viewable? If all they want is to “cement better relations” between the USA and the UK, what do they feel they have to hide? Why must they be anonymous if they just want the two countries to be better pals? Unfortunately such phrases are merely code language stating a deeper meaning.
Details on the group are available for the price of your time at www.silverstealers.net/tss.html Too many globally influential silver and gold suppressors over the past century have been members to be happenstance. Five and a half months after my site went up, and with pressure from the major input of Joel Van Der Reijden, the group erected a site. Still no membership list, in spite of the fact that better known groups, which its members founded and continue to manage (Bilderberg, CFR, Trilateral, et al) have viewable rosters. This single organization is easily the major threat we face; when metals spin out of control they intend to have their puppet President play the nationalization card! I am placing as much sand into their gears as I am able by being a whistleblower—please help, your future depends on them losing their secrecy!
Ted Butler has been pounding his drums for years about silver short concentration. This has never been any issue with the Connivers Figuring To Cheat! However, when there was some long concentration about a third of a century ago, that was an exploding bomb situation with theConnivers Figuring To Cheat! In “Beyond Greed,” page 71, we see—
“…in 1976, the Hunts attracted the attention of the CFTC, WHICH WAS CONCERNED AT THE CONCENTRATION OF SO MUCH SILVER IN SO FEW HANDS.”
The August 11, 1980 Dallas Morning News quoted Bunker Hunt declaring about the CFTC, CBOT (Chicago Board of Trade) and COMEX—
“THE LONGS AREN’T REPRESENTED.”
American antitrust law is not interpreted to act against or even apply to any cartel that exists to depress prices! The Justice Department is as much complicit in the reeking thievery as the CFTC. The Attorney General has often surfaced, when details were verifiable, as a Pilgrims Society member. The Money Power is very concerned with the national legal apparatus, since if it can’t win against market forces, it can simply declare the winners takings to be illegal to neutralize their gains, when the winners aren’t allied with the top Secret Society!
CFTC commissioner Scott O’ Malia seems to be saying—“Hey, you don’t want silver—look, here’s a check!”
Meantime, which of the big silver mining execs are hollering about the price of OUR product being stuffed into a hole and market capitalizations looking like decayed junkyard wrecks when they should resemble gleaming new Lamborghinis? —
We hear the view that the CFTC could not, by law, find a silver price depressive collusion, due to the content of the Gold Reserve Act of 1934. In such interpretation, other more valid laws prohibiting business combinations to control prices should clearly take precedence. Case law in addition to statutes should make that clear. The Wall Street Journal, September 20, 2012, reported a $500 million penalty assessed against AU Optronics Corporation (no relation to “Au” as in gold) and even the Justice Department called it a “price-fixing cartel”http://online.wsj.com/article/SB100 When the national government fails its duties, the States are supposed to take action! But silver is the most sensitive price control situation of all, isn’t it? The Government won’t stand up to the money creators, because we have too many bought off whores in Congress!
Another objection that needs stating is the overuse of the term “correction.” If a market is functioning normally, corrections do take place. If a market is dominated by collusive management consisting of large money interests in combination with government regulators holding a lock on prices, in such conditions, abrupt, steep price declines are accurately called “whipsaws.”
Read the full article at SRSrocco Report