In the aftermath of the CFTC announcing that it has closed its investigation into silver market manipulation, today King World News spoke to the man who has been focused on uncovering sensitive government and market information for over 15 years. What he had to say will shock KWN readers around the world. Chris Powell covered everything from secret government documents, to market manipulation, gold, and what was really behind the CFTC closing its silver investigation. Below is what Powell had to say in this remarkable interview.
Eric King: “Chris, we have had this announcement today from the CFTC that they have dropped their investigation of silver manipulation.”
Powell: “A lot of the complaints which have been made about market manipulation over the years have been directed at JP Morgan. In recent years, JP Morgan has said they are innocent of manipulating the metals markets — that they don’t trade in the metals markets in their own account, they do it just for clients.
I am inclined to take them at their word, insofar as those ‘clients’ are likely to be the US government. The US government very likely trades in the metals markets every single day, either through agents or through the Bank for International Settlements. Remember, the BIS is a gold bank whose only clients are governments….
“If the CFTC discovered that the rigging of the monetary metals markets is essentially government policy, being conducted through intermediaries, then it would not be able to act against government agents.
By federal law, the Gold Exchange Act of 1934 specifically authorizes the US government to rig not only the gold market, but to rig any (financial) market surreptitiously through the Exchange Stabilization Fund. If the CFTC has discovered that market rigging is taking place because of US government policy, then according to law there is nothing to be done about it.”
Continue reading the Chris Powell interview at KING WORLD NEWS