Deutsche Bank Admits Rigging Gold & Silver Prices

They said that capitalism is good and responsible for stimulating progress. They never said that capitalism can be rigged to tip off the balance in favor of those who have the power to do so.

We’ve known this financial rigging for years and this is one of those stuffs most people ignored as conspiracy theory. Now, they know it’s real.

Free market is fiction; rigged markets supplant all international trade agreements.

Just days ago, Deutsche Bank admitted to having rigged the prices of silver…

“Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings Plc to fix silver prices at the expense of investors, a court filing on Wednesday showed.

Terms were not disclosed, but the accord will include a monetary payment by the German bank, a letter filed in Manhattan federal court by lawyers for the investors said.

Deutsche Bank has signed a binding settlement term sheet, and is negotiating a formal settlement agreement to be submitted for approval by U.S. District Judge Valerie Caproni, who oversees the litigation.

A Deutsche Bank spokeswoman declined to comment. Lawyers for the investors did not immediately respond to requests for comment.

Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the world’s largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix.

According to the lawsuit, the defendants distorted prices on the roughly $30 billion of silver and silver financial instruments traded annually, violating U.S. antitrust law.”

http://www.reuters.com/article/us-deutschebank-settlement-silver-idUSKCN0XA2RU

Deutsche Bank also expressed its full cooperation to the effort of nailing down other conspirators to the gold and silver price rigging.

DB-Gold-settlement_0

Aside from Silver Fix, it’s been confirmed too that the bank also admitted to gold price fixing along with other players in the precious metals market.

Although this is something we can celebrate on, we have yet to see how the authorities slap the wrists of these shenanigans again, like they did with the Libor Interest rigging scandal.

Nevertheless, the global fight against abuses by Khazarian Banking Mafia will continue until the purging is completed.

In the end, all these people will realize that they are just taking a needless long and winding detour to the best economic system of all, i.e. resource-based economy, where everyone has unrestricted access to every resource for his own growth,

and as a consequence, to our collective development, without the need for destructive competition in favor for constructive cooperation where recognition and honor are its only rewards, aside from having a world of peace and abundance, of course.

Aside from the fiat monetary scam and bloodsoaked petrodollar, another significant source of funds for the Nazionist Khazarian Mafia is the “healthcare” industry which registered a whopping $3.09 trillion in 2014, and is projected to soar to $3.57 trillion in 2017, in the US alone. We believe that this is just a conservative figure.

We can avoid using drugs, defeat any viral attack and  scaremongering, like the Zika virus, easily by knowing how to build our own comprehensive antiviral system. Find more about it here.

4 thoughts on “Deutsche Bank Admits Rigging Gold & Silver Prices”

  1. A New System
    If we eliminated “money”, there would be no fraud of gain against another. We should all have the same “value” based on the hours in a day. If we all had, say, 1 unit for each minute, which would equal 525,600 units per year, credited at the beginning of each year. We use our units to obtain what we need and want. At the start of the new year it starts all over again, cancelling out the remaining units we didn’t use the previous year. No accumulation of value as that time is history, so everyone is equal, always. This could be the new system, as all would be contributing the same value in the form of time and not “dollars” that are manipulated. Your “account” would only subtract what you used. No one gets to add to their account, so no one is “more valuable” than another. One requirement is that no one does harm to another or the planet. No one is allowed to create anything that does harm to another or the planet. We can have peace and prosperity and equality for all.

    Copyright. 4/15/2016
    Jan Hamlet

  2. And once again…no bankers go to jail. The bank pays a “fine” which is simply a “cost of doing business” to them which they simply pass on the customers. The “bankers” pay no fine and do no time.
    It’s way past time to change that.

  3. Hello Folks
    I wonder if an of the readers of this type of political writing and commentary, are also familiar with quantum physics. If and its a big philosophical IFF, if so, then you will be aware that we live out our lives in a projected game. Or as someone who was at one time bigger than Jesus said, “playing those mind games forever, making the future out of the past”. The man was an idealist, but so too were Mao, Marx, Lenin, and even Capitalists such as Henry Ford were idealists living out a dream of abundance.

    All of their dreams of abundance were flawed. Yes, all of those dreams were flawed. I believe the flaw built into their respective dreams for humanity, was located within themselves.

    Great though they obviously were, especially in their perseverance and drive after the realisation of their respective Version of (abundance) Prosperity. Their own inner kinks, traumas if you will, soiled their dream for humanity. THE DREAMERS ARE FLAWED BY TRAUMA AS ARE THEIR DREAMS.

    And so I call on you, one and all, to let go of your flaws and dare to reimagine a faultless vision for our collective future.

    Anthony P Healy 🙂

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