JP Morgan BUSTED Rigging Silver Markets! – How Big Banks Manipulate Markets

Josh Sigurdson talks with author and economic analyst John Sneisen about the recently exposed rigging of silver markets by JP Morgan despite years of the bank adamantly denying their guilt. Even back in 2010 a whistle blower came out against JP Morgan accusing them of rigging silver markets. In 2016 the silver rigging lawsuit against JP Morgan was dismissed but brought back to court in February 2017.
Well now we have more evidence than ever!
36 year old John Edmonds has pleaded guilty to one count of commodities fraud, price manipulation and spoofing. He faces potentially 30 years in jail.
Edmonds has been working at JP Morgan for 13 years and claims senior traders at the bank taught him how to rig the markets for his own benefit.
JP Morgan declines to comment, but there’s no doubt that this happens around every corner at these banks.
First of all, keeping gold and silver markets down benefits the banks as people flood away from the banks. Second, it’s a desperation move to ensure further wealth insurance at these banks as they reach bankruptcy and see red in their share value year to date. Their cash to deposit ratios are absolutely astonishing. Often, the ratio sits around 1%.
More evidence of why people should stay away from banks and protect their own purchasing power against these entities which are dependent on the dependence of the populace, forcing them into debt servitude.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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World Alternative Media
2018

“Find the truth, be the change!”

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29 Comments

  • Ray Smith
    Reply

    I would like to sue JP Morgan over this. I have lost a lot of money due to silver price decreasing. I wonder if there will be a class action suit.

  • james
    Reply

    Remember who has the power. We do but together. Close all your Chase credit cards and bank accounts. We don’t have to keep supporting these criminals.

  • Back 4 More
    Reply

    Of course it’s rigged it’s all rigged stock market everything is f****** riged. The wizard of Oz is about how we accepted the gold standard and followed the yellow brick road when our true economic greatness could have been achieved if we would have been allowed to keep silver as coinage or monetized. There was some Bill enacted or law written after Lincoln’s assassination that demonetised silver. Bankers would not allow us to have silver or we would be a rich country. the bankers could not have us being rich so they stole our wealth from us and continue to do so And we all continue to allow them to. Thanks ??

  • Sam Salih
    Reply

    We are truly living in interesting times. The criminals are running the planet. The Dow Jones index is rigged to drop 500 only to see it recover by 500 points soon after. Gold and silver get blown away like a drive by shooting yet nothing is being done to bring perpetrators to justice. I am now beginning to believe Trump is the flip side of the coin. Wall Street criminality will continue even beyond the reset. Nothing will change unless people cross their arms and say I am no longer a participating bystander to this criminality by contributing to the false economy. This will eventually happen sooner than what people imagine. Then we will see things begin to change.

  • Paul W
    Reply

    So…big time criminals never get punished.  The bankers that blew our economy in 08 are back doing the same damn things they were doing before.  Nothing has changed.  Now that it is true that they cheated people who bought metals, what is going to happen?  Nothing.  They should be sued and forced to pay everyone they screwed.

  • Richard Garza
    Reply

    Hold on…I gotta fucking barf….baaaarrrrrfffffffff….k, better now. It’s bad enough to have the question asked of why, but then to have another person explain, break down why they steal, is to fucking much. Thank you, and have a nice day.

  • Steven Chen
    Reply

    idk… manipulating price for contract expiry is very different from suppressing prices for years. Banks could be manipulating it to close upward and downward for contract expiry, not necessarily down! A lot of time when people hear rigging/manipulation, they hear “banks playing the opposite side of them” for years which may or may not be the case.

  • Christopher
    Reply

    The 2008 crash was manipulated and so will the next one. This is nothing new. When it comes to monetary systems, it has and always will be controlled and manipulated.

  • July Seng
    Reply

    I quit investing stocks because I believe the banks keep changing my figures to negative even the stock is still very active. Changing 1000 shares 140 shares at higher price. I owned this stock over ten years and I Los all my money because of changes.

  • Charlie's Cartoons
    Reply

    So one guy is doing this and you blame the whole company?
    This is not a breakthrough it’s some trustfund weasel manager operating under the radar.
    Oh yeah JPMorgan has two offices and 8 chairs…seriously!
    Who knows maybe your cohost is funneling YouTube revenues and you would never know until something points you to that conclusion…
    Long live the central banking system, they allow me to own a car a house that otherwise I couldn’t even dream of.

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