Banksters Drain Gerald Celente's Futures Account!

Source: Infowars Nightly News
Date: 11/15/2011


If it can happen to financial and geopolitical trends expert Gerald Celente who has been trading gold (taking physical delivery of futures contracts) since 1978 it can happen to you. Here is what happened. Mr. Celente was trading gold futures in order to take physical delivery on the December contract from his Lind-Waldock account.  He did not realize Lind-Waldock had been bought out by the now bankrupt MF Global, headed by ex-New Jersey governor and Goldman Sachs CEO Jon Corzine, until Corzine resigned due to the scandal.  MF Global was taken down by bad bets it made in Eurozone investments.  The Eurozone is crumbling.  Gerald Celente can not get his money (six figures) now. 150,000 people are in a similar situation per Celente. This highlights bankster fraud/theft and the danger of trading in paper derivatives.  MF Global was supposed to segregate customer accounts from their own trading accounts which apparently they did not do.

See MF Global Looted Customers’ Accounts Via Internal Bank Run and Euro Gold Outperforming Bunds and Euro Assets / Celente’s MF Global Gold Account ‘Looted’ for further details.

Identities of JP Morgan Silver Manipulators Exposed

Source: King World News
Date: 9/16/2011

Identities of people involved in the alleged JP Morgan conspiracy to manipulate the price of silver have been exposed, along with the mechanisms of the manipulation of silver.  King World News was contacted two days ago by key people familiar with this situation.  This was described by an individual out of London who is very familiar with the lawsuit as, “The biggest news in a long time because these are actual people who are coming out and naming names of individuals who were involved in this alleged conspiracy with JP Morgan to actively manipulate the price of silver.  People may go to jail over this.  JP Morgan has all barrels pointing at them as traders are named in this suit, including senior traders at JP Morgan.”
...
Read full article here

Flatulent Bears (Text Transcript) for Deaf Day Traders - Part Deux

I am going to scoop the YouTube CC (closed captioning) bot with my superior human transcription of "JP Morgan Silver Manipulation Explained - Part 2" for deaf day traders. The cartoon bears are back and explain backwardation, that there is no actual physical silver left on the market and that the fraudulent fractional reserve gold system at the BIS (Bank of International Settlements) which apparently is controlled by The Ben Bernank and other central bank heads might hit the fan.

The tan colored bear in the cartoon speaks with a North American mid-western accent and the clueless brown bear speaks with a British accent.  The tan bear knows a trader at The JP Morgue who has given him useful insider info. The brown bear's spastic colon has perhaps worsened since part 1.

The transcript of the above video is as follows:

Tan Bear:	So we are back, after being on ZeroHedge.com, and I have some insider info from a trader at the JP Morgue this time. I'm going to blow the whistle again on a few things. [high pitched policeman's whistle noise]
Brown Bear:	I have already made a sh*t ton of money on the last video. So let's hear what shennanigans they are up to now.
Tan Bear:	Fair enough sheep. Word has it that the LBMA is on fire.
Brown Bear:	What is the LBMA, and why is it on fire?
Tan Bear:	The LBMA is the London Bullion Market and this is where the fire is. We didn't even see the smoke, it went straight to fire.
Brown Bear:	I'm getting bored again like last time, possibly because I've had so many immunizations. My ADHD is acting up.
Tan Bear:	The LBMA is where the central bankers are skinning the sheeple. The silver at the LBMA is in backwardation right now and has been for an unprecedented time.
Brown Bear:	What is backwardation? And why should I care?
Tan Bear:	Backwardation occures when there is market manipulation, when there can be no delivery arbitrage, because the asset is not currently available for purchase.
Brown Bear:	Has this happened before?
Tan Bear:	Who cares?
Brown Bear:	W-T-F? What do you mean who cares? What's the point to this video then?
Tan Bear:	Here's the insider info. A trader at The JP Morgue has told me something noone wants to hear.
Brown Bear:	Well...go on I'm listening now. My riddlin has kicked in. [cash register noise KA-CHING!]
Tan Bear:	There is no commercial silver left. It's all smoke and mirrors. It's the biggest dog and pony show known to mankind and the CFTC can do nothing about it other than pray.
Brown Bear:	Elaborate please. I don't speak sh*tstorm.
Tan Bear:	Do you really want to see how deep the rabbithole goes?
Brown Bear:	Yes. Give me the red pill.
Tan Bear:	OK I'm going to move fast so listen closely. This smoke signal, which is now raging fire at the LBMA as backwardation...this means there is no physical metal. We are already certain, as per my JP Morgue insider, that--get this--that the COMEX is settling in fiat paper. Millions of ounces have been moving in and out of the COMEX with enormous adjustments. This has never happened before...ever.
Brown Bear:	Houston, we have a problem.
Tan Bear:	I haven't even told you the good stuff yet. My insider has informed me, that there are two people on the CFTC that are on the JP Morgue payroll. I'm not sure who they are, but if I were blind I could see it being The Gens, The Dunn or The J Somm.
Brown Bear:	Why do we care about these people?
Tan Bear:	What I am about to tell you is Wikileak material. The five CFTC commissioners are the last bastion of hope for the American people. If they choose not to mandate position limits on silver then The JP Morgue will win.
Brown Bear:	I'm not sure that is Wikileak material, you donkey. But I see what you're getting at.
Tan Bear:	I'm not done. There are two more problems that may help the sheeple get out of this alive. There is a big problem at the BIS.
Brown Bear:	What's the BIS?
Tan Bear:	The BIS is the Bank of International Settlements. Would you care to know who runs the show there?
Brown Bear:	Let me guess? Your mother.
Tan Bear:	The Ben Bernank.
Brown Bear:	Oh boy, here we go again.
Tan Bear:	Guess who else is on the board there?
Brown Bear:	Blanky?
Tan Bear:	All the central banks' chairmen from all over the world. Please don't sh*t your pants when I explain what they've been doing with the international gold and silver swaps.
Brown Bear:	[obnoxious flatulence noise BRRAAAPPP! brown bear has likely soiled himself] Just [unintelligible]. Sorry mate.
Tan Bear:	The BIS has been running a fractional gold system. This will make The JP Morgue's manipulation look like Disneyland.
Brown Bear:	Well what are they doing over there.
Tan Bear:	They are conning countries like India in to buying gold in to the site accounts.
Brown Bear:	What is a site account?
Tan Bear:	The site accounts at the BIS are the fraud accounts. They pretend to allocate gold to other major players that aren't in their little circle jerk. [whurr, whurr, whurr, whurrrrr descending notes on tuba]
Brown Bear:	And just who is at the circle's jerk at the BIS?
Tan Bear:	All the major fiat printers like The Ben Bernank. But most importantly, King Merv.
Brown Bear:	Why is The King Merv so important?
Tan Bear:	Because he is loosely in charge of the LBMA.
Brown Bear:	You are making this sh*t up right? You have to be kidding me? Is this silver thing just a big web of fraud and lies?
Tan Bear:	Remember that 200 tons of gold that was bought by India a while back?
Brown Bear:	Let me guess. That went in to a comingled unallocated site account?
Tan Bear:	Of course it was. A trader at The JP Morgue has told me that China and Russia are laughing their heads off right now. It's no coincidence these two countries are requesting the actual physical [unintelligible]. The are smart enough to move it to their shores. The trust has been broken.
Brown Bear:	F-M-L
Tan Bear:	The Chinese are moving the physical to their shores. Last week's increase in mortgage interest rates was a smoke signal.
Brown Bear:	This is insane.
Tan Bear:	Is it? You must be living with normalcy bias, aren't you.
Brown Bear:	Jimmy Moore, Jimmy Moore. I love this end of the world stuff.
Tan Bear:	Do you know what will happen when there is a run on the unallocated accounts at the BIS?
Brown Bear:	Sh*tstorm [obnoxious spastic colon noise BRRAAAPPPP! brown bear must have brown underwear by now]
Tan Bear:	I thought The JP Morgue was balls deep in this but it seems we have an elephant in the room now. You had better look up the term "normalcy bias" because it's about to be put to the test.
Brown Bear:	What do we do?
Tan Bear:	Get off your ass, go down to the coin store or online bullion dealer and order physical. Don't worry about the price. Price means nothing. And if you leave here today with anything, leave with this. Price is fiat forget about it. You'd better start watching the physical markets.
Brown Bear:	[obnoxious flatulence noise BRRAPP!] Sorry mate. Your seriousness reminded me of $500 an ounce silver again. [obnoxious stacatto flatulence noise BRAP!] Oh boy.
Tan Bear:	You'd better so something about this, America. You are the only ones left to save our souls. Instead of buy a flatscreen TV go buy a tube of maples or eagles. Save yourself. The Chinese are selling their worthless fiat for silver. Are you?
Brown Bear:	Is this the last of The JP Morgue manipulation?
Tan Bear:	No. It seems we just got word from The Butler that the Chinese are holding the short swaps on The JP Morgue's books. But we will explain that debacle in part 3.

Flatulent Bears (Transcript) For the Deaf

I noticed there were no closed captioned subtitles for deaf people so I have transcribed the audio from the viral YouTube video "JP Morgan Silver Manipulation Explained" for deaf day traders.


The transcript of the above video is as follows:
The tan colored bear in the cartoon speaks with a North American mid-western accent and the clueless Brown Bear speaks with a British accent.  One or both of the bears has a spastic colon.

Tan Bear:	Hey, wanna know some insider info?
Brown Bear:	Sure, but I know the Goldman Sack only gets the insider info?
Tan Bear:	Yeah they do, but I have something that you can bet the farm on that I got from a trader at the Goldman Sack. I'm blowing the whistle on the JP Morgue. [whistle noise]
Brown Bear:	A sure thing?
Tan Bear:	Yup, listen closely.  The Fed has been using the JP Morgue as its proxy for flooding the silver market with unbacked naked short orders.
Brown Bear:	[Unintelligible] What's a naked short order, and why should I care?
Tan Bear:	A naked short order is when the JP Morgue borrows silver they never had and sells it on the open markets.
Brown Bear:	So...The JP Morgue is selling silver they never had.  Big deal.  Doesn't this happen every day?
Tan Bear:	Sure it does but listen closely...Can you run with your pants down?
Brown Bear:	No.
Tan Bear:	The JP Morgue's pants are down right around its ankles right now, and they are trying to run a marathon.
Brown Bear:	I don't understand [shaking head]?
Tan Bear:	For a while now the fraudulent Ben Bernank of the Federal Reserve and the J Dimon of the JP Morgue have been collaborating to make billions in the silver market. [cash register noise KA-CHING!]
Brown Bear:	Is the Ben Bernank and Dimon married?
Tan Bear:	Yes [obnoxious grunt noise HUUUUUHHHH!] but not as homosexuals.  It's worse than that.  They are married to skin the sheeple again.
Brown Bear:	What are sheeple?
Tan Bear:	People that invest like sheep, that usually get slaughtered.
Brown Bear:	I see.
Tan Bear:	The Ben Bernank uses the JP Morgue as its proxy to short the silver markets for obvious reasons.
Brown Bear:	I am stupid; it is not obvious to me.
Tan Bear:	Were you dropped on your head as a baby?
Brown Bear:	No.
Tan Bear:	Nothing can be worse than the rising silver price to The Ben Bernank.
Brown Bear:	Why?
Tan Bear:	The higher the silver goes, the more worthless the paper fiat money is, that The Ben Bernank prints for free.
Brown Bear:	The Ben Bernank prints money for free?
Tan Bear:	Yes.  The Federal Reserve Act was signed on Christmas Eve while everyone was waiting for Santa Claus.
Brown Bear:	Who cares?  It's still part of the Federal government.
Tan Bear:	The "Federal" in Federal Reserve is no more federal than the shipping company Federal Express.
Brown Bear:	What's this have to do with silver?
Tan Bear:	The Ben Bernank's enemy is a rising silver price.  It makes his worthless pieces of paper called legal tender Federal Reserve notes less valuable.
Brown Bear:	When can I make money, I'm getting bored here.
Tan Bear:	Hold on sheep I am getting there.  When the Ben Bernank Fed needs to keep the price of silver down he calls his marriage partner J Dimon at the JP Morgue and gives him some paper.  The JP Morgue then uses this paper to short the silver market when The Ben Bernank gets paranoid.
Brown Bear:	This seems like Disneyland.
Tan Bear:	Hold on sheep the punchlines are coming.
Brown Bear:	Good I bored.
Tan Bear:	The 5000 year historical gold to silver ratio is 16:1.  Gold is now at $1400 an ounce.  What should silver be trading at?
Brown Bear:	Let me think...Somewhere around $80 methinks?
Tan Bear:	Silver is trading at $25 right now.
Brown Bear:	I am interested now.
Tan Bear:	Now listen to me closely here is the punchline.  The JP Morgue is short over 40% of the net contracts.  But they aren't short the actual physical silver bars and coins.  They are short the paper contracts.  If they had to buy and cover their naked short contracts in the open market it would take 3 months in a normal flat-priced market to do so.
Brown Bear:	So what happens when people find out they have been The Ben Bernank's proxy, and start buying silver to revert back to the 16:1 ratio?
Tan Bear:	Well, you can't run with your pants around your ankles right?
Brown Bear:	No?  Is this a big deal?
Tan Bear:	This is the biggest deal since the November General Motors IPO
Brown Bear:	[punctuated obnoxious flatulence noise BRRRAAAAPPP!] I am not bored any more.
Tan Bear:	I haven't even told you anything yet.  They hold the physical silver bars in London and have been leasing them out.
Brown Bear:	Can I lease them?
Tan Bear:	No you are a sheep.  The open interest activity as of the fall of 2010 has been indicating there is no silver at the COMEX and it is getting very low because the smart money is withdrawing the silver at an alarming rate. [loud alarming buzzer noise BUZZZZZ!]
Brown Bear:	I'm connecting the dots now.
Tan Bear:	Here is the insider info.  There is a group of traders in London who are going to start to accumulate and buy silver contracts.
Brown Bear:	Won't The Ben Bernank just give more fake money to The JP Morgue to short?
Tan Bear:	They can't, the JP Morgue is under investigation by the CFTC and has been sued by class action lawsuits for silver manipulation.
Brown Bear:	I'm not bored anymore.
Tan Bear:	The JP Morgue recently called his friends at the CME because silver prices were skyrocketing to $29 which was 30 year highs.
Brown Bear:	What did he JP Morgue tell them?
Tan Bear:	They told them to raise the margin requirements by 30 percent.
Brown Bear:	I feel like I'm in Disneyland.
Tan Bear:	This stopped the price of silver immediately and retracted 10 percent in two hours.
Brown Bear:	How serious is this problem?
Tan Bear:	Well let me explain what will happen.  COMEX default generates a short squeeze, then physical silver spot prices jumps dramatically.  Pick any multiple.  Major banks, hedge funds who have naked short positions will be killed.  Losses will be in the tens of billions, and possibly trillions.  Ability to purchase physical silver will be extremely difficult if not impossible.  Banks or countries may be forced to start hording physical silver.
Brown Bear:	The sh*t will hit the fan?
Tan Bear:	This will make the 2008 financial crisis look like a cakewalk.
Brown Bear:	Am I dreaming?
Tan Bear:	No.
Brown Bear:	So let me get this straight...The JP Morgue is actually short more paper contracts than actual silver rounds is in existence?
Tan Bear:	Yes.
Brown Bear:	The Asians are figuring this out?
Tan Bear:	Yes.
Brown Bear:	Once they start buying the JP Morgue will have to start buying back?
Tan Bear:	Yes.
Brown Bear:	Once the JP Morgue starts buying back, and pushing the price higher people will run on the COMEX and demand their physical silver?
Tan Bear:	Yes.
Brown Bear:	When they run on the COMEX and figure out there is not any physical silver their sh*t will hit the fan?
Tan Bear:	Yes, diarrhea. [obnoxious flatulence noise BRRRAAAAPPPPP!]
Brown Bear:	So when the sheeps' feces is smeared on their faces this will be bad?
Tan Bear:	Extremely.
Brown Bear:	Can this bankrupt all currencies in a matter of months?
Tan Bear:	Days.
Brown Bear:	What is the probability of this actually happening?
Tan Bear:	It's already happening; the tipping point is near.  Do you want to bankrupt the JP Morgue?
Brown Bear:	Yes.
Tan Bear:	Start buying silver coins and bars.
Brown Bear:	Can I buy the SLV exchange traded fund on the New York Stock Exchange?
Tan Bear:	No.  Guess who the custodian is for that ETF?
Brown Bear:	Your mother?
Tan Bear:	The JP Morgue.
Brown Bear:	You have to be kidding me?
Tan Bear:	Buy as much physical silver as you can.
Brown Bear:	I feel like the JP Morgue is balls deep in this one.
Tan Bear:	That's what she said.
Brown Bear:	On a scale of 1 to 10 how does this rank in terms of biggest financial fraud cases?
Tan Bear:	This is the biggest scam in the history of monetary civilization.  Is this enough insider info for you?
Brown Bear:	I'm about to have a spastic colon.
Tan Bear:	Start by looking at www.silvergoldsilver.com
Brown Bear:	What?
Tan Bear:	You can buy quality silver at silvergoldsilver.com
Brown Bear:	I love you.  Is this video about to go viral on the Internet?
Tan Bear:	Yes, but that's not the good news.  If silver reverts back to its historical ratio--and it will--and the JP Morgue squeezed silver is projected to hit $500 an ounce.
Brown Bear:	[obnoxious spastic colon noise BRRRAAAAAPPPPPP!] I think I just sh*t my pants!
Tan Bear:	Go buy a silver coin and bankrupt the JP Morgue.  The campaign has already begun.  Get it while its cheap.
Brown Bear:	[obnoxious spastic colon noise BRRAAAAPPPPPP!]  I think I just sh*t my pants again.  $500 an ounce?  What was the website again?
Tan Bear:	www.silvergoldsilver.com
Brown Bear:	[obnoxious spastic colon noise BRRAAAPPPP!][cash register noise KA-CHING!][Brown Bear puts left paw over behind to check himself (for diarrhea?)]

JP Morgan on the Ropes?

Recently there have been lawsuits filed concerning illegal silver manipulation by JP Morgan and HSBC, which do seem to have quite a bit of merit. [1]  CFTC Commissioner Bart Chilton bravely admits that silver manipulation exists and transgressions should indeed be prosecuted as per his quoted statement:

"There have been fraudulent efforts to persuade and deviously control that price. Any such violation of the law in this regard should be prosecuted." [2]

There is also a grassroots movement recently started by Max Keiser, former Wall Street broker, now media presenter encouraging everyone to buy an ounce of silver to bankrupt JP Morgan, which is suspected to have a large short position on the precious metal in the form of paper derivatives. [3,4]  Jason Hommel of the Silver Stock Report estimates the short position to be 25%-50% of the $200 billion total bank short position based on the price of silver when it was $15/ounce. [5]  JP Morgan is the steward of the popular silver bullion ETF SLV.  Considering the bank's high ethical standards, the soundness of the ETF is in question and there is high default risk in terms of the bank not being able to provide delivery of all physical silver to investors as required, which amounts to an equivalent additional short position. [6]  Other downside risks are that JP Morgan is also embroiled in the foreclosuregate scandal (fraudulent affidavits presented in court for foreclosures based on robosigning and the inability by banks to present the actual investment note/holder for properties during foreclosure proceedings) along with the other major banks and has by far the largest credit derivatives exposure of them all. [7]  Obviously all of these factors combined are a ticking timebomb ready to explode and present a compelling short opportunity against JPM.

[1] J.P. Morgan, HSBC sued for silver manipulation David Benoit, MarketWatch
[2] CFTC Chairman Bart Chilton: Silver has been subject to attempted manipulation gold-speculator.com
[3] Crash JP Morgan Buy Silver! Max Keiser
[4] The Max Keiser Takedown of JP Morgan Saman Mohammadi, OpEdNews.com
[5] To the Top Shareholders of JP Morgan (Your company is bankrupt in terms of silver!) Jason Hommel, Silver Stock Report
[6] Silver bullion-ETF close to DEFAULT? bullionbullscanada.com
[7] Janet Tavakoli Interview on ETF Digest on Bank Foreclosure Fraud

Janet Tavakoli on Bank Foreclosure Fraud from David Fry on Vimeo.