Showing posts with label Lauren Lyster. Show all posts

Sunday, July 22, 2012

THE LIBOR SCANDLE: LAUREN LYSTER INTERVIEWS PAUL CRAIG ROBERTS ON JULY 16TH

Paul C. Roberts on "the REAL LIBOR scandal" and "Bond Market Armageddon!"

http://youtu.be/CLZjwBjqT_s

Published on Jul 16, 2012 by CapitalAccount

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Sunday, April 08, 2012

YES, JP MORGAN IS MANIPULATING THE PRICES OF GOLD AND SILVER, BUT NOW THAT THEY'VE MANIPULATED IT DOWNWARD IT IS A GOOD TIME TO BUY THESE PHYSICAL METALS (NEVER PAPER CERTIFICATES!)

Mike Maloney breaks down Price Manipulation in the Gold and Silver Market

http://youtu.be/UWK5UQDCDTc

Uploaded by CapitalAccount on Apr 6, 2012

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Welcome to Capital Account. Hedge funds and investors have reportedly been puzzled by weird movements in credit markets. According to the Wall Street Journal, markets have been rattled by one trader with deep pockets being called the "London Whale" who it's believed works for JP Morgan. It just goes to show how individuals and firms can move markets. Today, we'll talk about manipulation in the gold and silver markets with Mike Maloney, of GoldSilver.com. He believes that manipulation is going on (contrary to the words of Blythe Masters, who spoke with CNBC yesterday, affirming that JP Morgan is simply "hedging" it's silver positions with large open shorts), but that rather than being a bad thing for individual investors, simply presents an opportunity for buying more metal and cheaper prices. This is something that the state of South Carolina failed to grasp in a recent report it conducted, in which it found that the price of gold and silver is manipulated. Rather than concluding that this manipulation, rather than presenting an opportunity for investment, prohibits the state of South Carolina from investing in precious metals.

An US payrolls for March rose far less than expected which means people are talking about an extension of the Federal Reserve's stimulus measures -- buzzing about more. We talk often about the malevolent effects of fractional reserve banking based on a pyramid of fiat liabilities and fiat currency, but what about the fractional reserve gold pyramid scheme? What about the gold ponzi scheme? We'll examine the evidence of, what CTFC commissioner Bart Chilton calls, "ponzimonium."

And how does the entire manipulation go down? Mike Maloney has presented us with a fantastic chart that shows how trading in Gold during market ours in the US differs greatly from that in after-market hours, and how well an investor would do had he or she bought gold at various times during the day over the course of the bull market.

Saturday, March 24, 2012

PROFESSOR WILLIAM K BLACK: "...EVERYBODY THAT KNOWS ABOUT FRAUD HAS SAID THAT [THE JOBS ACT] IS THE WISH LIST OF EVERY FRAUD-FRIENDLY PRACTICE IN THE WORLD PUT TOGETHER IN A BILL, AND WE HAVE CONGRESS DELIBERATELY SCREWING UP THE CONGRESSIONAL RULES PREVENTING HEARINGS BECAUSE THEY KNOW THAT THIS COULD NEVER BE EXPOSED TO REAL DISCUSSION BY EXPERTS AND PASSED."

http://youtu.be/fyVOJPDYp34

TBTF Sheriff Bill Black on the MF Global Cover-up: "All those that doeth Evil hateth the light!"

Uploaded by CapitalAccount on

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Welcome to Capital Account. The Federal Reserve Bank of Dallas says Dodd-Frank did not end too big to fail, and says we must downsize the TBTF monsters in the view of Richard Fisher. This, as some US lawmakers are working to push back the timeline for a key part of Dodd-Frank, the Volcker Rule...a rule regulators and banks already appear to be hollowing out. We'll look at what the costs of these actions could be

Meanwhile, the "Corzine Rule" is reportedly gaining momentum -- this would restrict what brokerage firms can do with customer money. Before looking forward -- what about the unanswered questions and accountability in the MF Global bankruptcy and what we consider theft of customer money? We'll talk to William K. Black, the former regulator who oversaw prosecutions of bankers for fraud during the S&L crisis to find out what it would take to see justice in this case. We will discuss some of the peculiarities surrounding the MF Global bankruptcy, the decision by CFTC chairman Gary Gensler to proceed with a Chapter 11 bankruptcy as per the SEC, with a SIPA/SIPC liquidation for the brokerage unit, which put the customers on even footing with the creditors, instead of a Chapter 7 bankruptcy for the entire company. We ask Bill Black if this is an example of control fraud and regulatory capture, and where a crime has been committed here.

Meanwhile, do you think we have enough lawyers in the US already? Well, you may be happy to hear this...the organization behind the law school admissions test -- the LSATS -- saw the largest decline in people taking the test in more than a decade. Is "the law" in a bear market? Demetri think so. He says the bear market in the legal system is the corollary for the bull market in whistle blowing. Otherwise, you wouldn't need monetary incentives beyond what is already in place to get lawyers to prosecute crimes. Whistle blowers make it easy for the prosecution.

Sunday, March 18, 2012

Web Extra: Interview w/Naked Capitalism's Yves Smith on Mortgage Settlement and Bank Hostage Crisis

http://youtu.be/6aYqocCgI6M

Uploaded by CapitalAccount on Mar 14, 2012

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Last month's proposed $25 billion mortgage settlement involving 49 states along with Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial is a step closer to being official, reports Reuters, as Federal representatives ask a judge to approve it. Supporters claim this deal attempts to prevent the mortgage crisis from happening again, with banks agreeing to revamp loan modification procedures and abandon abusive practices such as robo-signing. But critics argue this is a case of a trend we've seen far too many times before: a settlement that's a good deal for the banks, where they admit no guilt, but a lousy deal for homeowners. Yves Smith is author of the popular blog Naked Capitalism and the book Econned. She's a critic and has followed this deal closely throughout the entire process and breaks down why this is the case and how this deal ended up with "a lot of garbage in it." Smith says banks are paying much less than $25 billion, there is no element of damages or notion of punishment, and the cash payments for people who lost their homes wrongfully is so trivial it's insulting.