by Bix Weir, Road to Roota:
In one of the best interviews I’ve heard in YEARS, Sean over at SGT Report.com had a conversation with David Morgan about silver manipulation and the state of our pathetic silver exchange called the COMEX. They also get around to helping expose my longtime nemesis Jeffrey Christian who REFUSED to debate me at this years’ Silver Summit. Chicken!! (Rumor has it Jeff may not even show up at the 2014 Silver Summit…must be too busy faking his “official” numbers:)
You can find the interview here: Dissecting Silver Lies & Liars – David Morgan
I appreciate Sean referring to the article I had written on the COMEX volumes being where the manipulation happens…but that’s old news these days. If any of you ‘Silver Gurus’ out there want to run with A REALLY BIG STORY I’d invite you to you open up the very LAST Pandora’s Box in silver market manipulation story… THE DTCC DOCUMENTATION COVERUP!
Were ANY of the 69B ounces of paper silver traded on the COMEX in 2013 legally settled in 3 days as required by securities law? Were the interests properly transferred, monies exchanged and the buyers rightfully acknowledged as the new owner of the underlying security? Where is the signed documentation? Where is the PROOF of title transfer for each and every transaction?
LET ME SAVE YOU SOME TIME – IT’S ALL GONE (…if it was ever there at all!)
The ugly truth of the matter is that if these documents ever did exist they were last seen on October 29, 2012 in 50 feet of water in the basement of the DTCC vault at 55 Water Street in New York! Hurricane Sandy flooded the vault of the DTCC where virtually all of the COMEX trade documentation was being held in the care of none other than Michael Dunn (Yep…the same “Mr. Magoo” CFTC Commissioner who ran the blockade on Silver Position Limits!).
“After 2008, DTCC was selected in several industry competitions held by the GFMA and ISDA to provide global trade repository services for OTC derivatives in multiple asset classes. Four of those asset classes, credit derivatives, equity derivatives, interest rate derivatives and commodity derivatives, are already fully or partially operational.”
As Hurricane Sandy came roaring through New York on October 29th I guess Micheal Dunn was the last to leave the vault because they left the door open submerging $36T+ of paper securities under water for weeks. If that wasn’t enough it took them a month to pump the water out and, just for good measure, a freak basement fire broke out while they were pumping out the vault!!
Coincidence? Conspiracy Theory? Too crazy to believe?
You be the judge.
This Saturday night a show will air on The History Channel 2 were I was interviewed about this very topic. Although I haven’t seen a preview of it yet, I think it should raise a few more questions about the validity of high frequency computer trading and the settlement of these fraudulent trades.
Here’s info on the show:
History Channel 2
America’s Book of Secrets
Secret Underground – The DTCC Vault
Premiere Date: May 17, 2014 – 10:00-11:00PM ET
I wonder if they’ll even allow it to be aired on Saturday night?…maybe they’ll have “technical issues” like they had when Bill Murphy testified in front of the CFTC about Gold Market Rigging!!
Keep up the fight my friends…the walls are crumbling around the Bad Guys.
May the Road you choose be the Right Road.