Greg Hunter and Clif High – Crypto Currencies Break Loose, then Gold & Silver

One-Third of FDA approved drugs found to have huge SAFETY problems!

U.S. Paid $1 Billion To Paris Agreement Green Fund – All Other Nations Combined $0…

The Paris Treaty was/is always about distribution of economic wealth; and the convenient use of “climate phrases” as branding instruments used to create political policy favorable to multinational corporate interests who control the shifting of economic wealth.

Listen to the responses from participating EU corporate comptrollers discussing climate and the entire purpose of the Paris Treaty becomes self-evident. Example:

“The preservation of our competitive position is the precondition for successful climate protection. This correlation is often underestimated.”

~ Matthias Wissmann, President of German Auto Industry Group VDA

The preservation of Germany’s competitive auto manufacturing position is contingent upon the U.S. exporting it’s wealth and handcuffing itself to a faux-climate treaty. Do not take my word for it, read Wissmann’s own interview. The Paris Treaty is nothing about climate, and everything about economics and multinational corporate interests.

Forbes on Fox had an interesting discussion segment earlier today where some of the panel participants explained and discussed this exact issue. The Paris Climate Treaty was never about “climate” it was fundamentally about “economics”.

Credit to theconservativetreehouse.com

https://theconservativetreehouse.com/2017/06/03/u-s-paid-1-billion-to-paris-agreement-green-fund-all-other-nations-combined-0/

Gang yell 'this is for Allah' after mowing down crowd on London Bridge

Three Jihadi terrorists have been shot dead by armed police after killing six people and injuring 30 more during a horrific knife rampage in central London last night.

The men, described as being 'of Mediterranean origin', shouted 'this is for Allah' after they mowed down up to 20 revellers in a white van hurtling across London Bridge at 50mph on Saturday.

Attackers stabbed a police officer on the bridge and then attacked revellers with 12-inch hunting knives at busy bars and restaurants in the nearby Borough Market, in what authorities described as terrorist incidents. One man was reportedly stabbed five times in the chest.

Witnesses said the gang, who had metal canisters strapped to their chests, smashed pub windows and reportedlyt cut the throats of drinkers, while a 'dark-skinned' man in a red tracksuit 'calmly' stabbed a man three times.

The male suspects were shot and killed by armed police in Borough Market within eight minutes of the first call. The attackers were wearing suicide vests, which turned out to be a 'hoaxes', police said.

Armed police rushed to the scene where shots were heard and authorities urged panicked Londoners on Twitter to 'run, hide, tell' if they were caught in the 'utter chaos'.




Three Jihadi terrorists have been shot dead by armed police after killing six people and injuring 30 more during a horrific knife rampage in central London last night. This photo appears to show the suspects lying dead on the ground outside Wheatsheaf pub in Borough Market

The bodies of two men, believed to be terrorists, lie in the road in Borough market after shots had been heard


A wounded victim was wheeled out on stretcher by London Bridge as shocked people cried and shouted around them. 30 injured people were rushed to five hospitals around London after the terror attack


Credit to Dailymail.co.uk
Read more: http://www.dailymail.co.uk/news/article-4569638/Car-ploughs-20-people-London-Bridge.html#ixzz4j0MO0PB5

The New Sodoma and Gomorrah

Deutsche Bank Trader Admits To Rigging Precious Metals Markets

After months of "smoking guns" and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected - the biggest banks in the world have conspired to rig precious metals markets.

The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring to spoof gold, silver, platinum and palladium futures, according to court papers. Bloomberg notes that spoofing involves traders placing orders that they never intend to fill, in an attempt to manipulate the price.

Following an introductory period that included orientation and training, LIEW was eventually assigned to the metals trading desk (which included base metals and precious metals trading) in approximately December 2009. During the Relevant Period, LIEW was employed by Bank A as a metals trader in the Asia-Pacific region, and his primary duties included precious metals market making and futures trading.

Between in or around December 2009 and in or around February 2012 (the "Relevant Period"), in the Northern District of Illinois, Eastem Division, and elsewhere, defendant DAVID LIEW did knowingly and intentionally conspire and agree with other precious metals (gold, silver, platinum, and palladium) traders to: (a) knowingly execute, and attempt to execute, a scheme and artifice to defraud, and for obtaining money and property by means of materially false and fraudulent pretenses, representations, and promises, and in furtherance of the scheme and artifice to defraud, knowingly transmit, and cause to be transmitted, in interstate and foreign commerce, by means of wire communications, certain signs, signals and sounds, in violation of Title 18, United States Code, Section 1343,which scheme affected a financial institution; and (b) knowingly engage in trading, practice, and conduct, on and subject to the rules of the Chicago Mercantile Exchange ("CME"), that was, was of the character of, and was commonly known to the trade as, spoofing, that is, bidding or offering with the intent to cancel the bid or offer before execution, by causing to be transmitted to the CME precious metals futures contract orders that LIEW and his coconspirators intended to cancel before execution and not as part of any legitimate, good-faith attempt to execute any part of the orders, in violation of Title 7, United States Code, Sections 6c(a)(5)(C) and 13(a)(2); all in violation of Title 18, United States Code, Section 371.

Defendant LIEW's employer, Bank A, was one of the largest global banking and financial services companies in the world. Bank A's primary precious metals trading desks were located in the United States, the United Kingdom, and the Asia-Pacific region.

Defendant LIEW and other precious metals traders, including traders at Bank A, engaged in a conspiracy to commit wire fraud affecting a financial institution and spoofing, in the trading of precious metals futures contracts traded on the CME.

Defendant LIEW placed, and conspired to place, hundreds of orders to buy or to sell precious metals futures contracts that he intended to cancel and not to execute at the time he placed the orders (the "Spoof Orders").

Bank A operated a global metals trading team with traders in the United States, the United Kingdom, and the Asia-Pacific region. Throughout his tenure on the metals trading desk at Bank A, defendant LIEW was supervised by and interacted with more experienced traders on the team. LIEW was supervised by other metals traders in the Asia-Pacific region, and, due to the nature of the nearly 24-hour trading cycle, LIEW interacted with members of the trading team in the United States and the United Kingdom. It was after joining the metals trading desk that LIEW was taught to spoof by other metals traders, including other metals traders at Bank A.

Defendant LIEW generated Spoof Orders manually. That is, LIEW physically clicked his computer mouse or keyboard keys to enter each Spoof Order, and physically clicked his mouse or keyboard keys to cancel that order.

A common technique employed by defendant LIEW was to place and cancel one or more Spoof Orders on one side of the prevailing market price. The intent of these Spoof Orders was to facilitate the execution of an existing Primary Order on the opposite side of the market. By placing Spoof Orders opposite the Primary Order, LIEW intended to create a false appearance of supply or demand and induce other market participants to react to this false information in order to move the market price and/or increase the available quantity at the desired price of the relevant futures contract. During the time the Spoof Order was live in the market, or shortly after it was cancelled, LIEW's Primary Order on the other side of the market would often execute at a more favorable price than was otherwise available before the Spoof Order had been placed.

 Coordinated spoofing involved one or more additional participants. When engaging in coordinated spoofing, defendant LIEW and/or one or more co-conspirators would place one or more Spoof Orders on one side of the market in order to facilitate the execution of Primary Orders placed on the opposite side of the market by either LIEW or a coconspirator. For example, LIEW would place a Spoof Order in order to facilitate the execution of a Primary Order placed by a co-conspirator, or a co-conspirator would place a Spoof Order in order to facilitate the execution of a Primary Order placed by LIEW. At other times, LIEW and one or more co-conspirators would each place one or more Spoof Orders in order to facilitate the execution of a Primary Order placed by LIEW or a co-conspirator.

During and in furtherance of the conspiracy, defendant LIEW engaged in solo spoofing or coordinated spoofing with traders at Bank A hundreds of times.

Prosecutors have brought very few cases against alleged spoofers but have stepped up their enforcement since the adoption of the Dodd-Frank financial law.

Deutsche Bank declined to comment.

From a July 2012 blog post, we discover that Liew quit banking then to start a tech company...

A bit like Vinicius, I was (and still am) in my third year out of University and making a very comfortable living as a trader at Deutsche Bank. Here in Singapore (sadly), a sort of toxic culture has been brewing that your “success” is deemed by your salary. Yes, I was getting a 6 digit annual salary, yes I was in the top % of wage earners of my age group (I’m turning 27 this year). A lot of people have labelled me “crazy” to “throw all I had away”, to which I would reply “This is my life, not yours. But thanks and good luck to you too”

This is not the first time Deutsche Bank has been involved, implicated, and exposed to rigging the precious metals markets.

As we noted in December, when we first reported that Deutsche Bank had agreed to settle allegations it had rigged the silver market in exchange for $38 million, we revealed something stunning: "in a curious twist, the settlement letter revealed that the former members of the manipulation cartel have turned on each other", and that Deutsche Bank would provide docments implicating other precious metals riggers. To wit: "In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement. In Plaintiff’s estimation, the cooperation to be provided by Deutsche Bank will substantially assist Plaintiffs in the prosecution of their claims against the non-settling defendants."

Overnight we finally got a glimpse into what this "production" contained, and according to documents filed by the plaintiffs in the class action lawsuit, what Deutsche Bank provided as part of its settlement was nothing short of "smoking gun" proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market. The allegation, as Bloomberg first noted, came in a filing Wednesday in a Manhattan federal court lawsuit filed in 2014 by individuals and entities that bought or sold futures contracts.

In the document records surrendered by Deutsche Bank and presented below, traders and submitters were captured coordinating trades in advance of a daily phone call, manipulating the spot market for silver, conspiring to fix the spread on silver offered to customers and using illegal strategies to rig prices.

“Plaintiffs are now able to plead with direct, ‘smoking gun’ evidence,’ including secret electronic chats involving silver traders and submitters across a number of financial institutions, a multi-year, well-coordinated and wide-ranging conspiracy to rig the prices,” the plaintiffs said in their filing.

The latest evidence is critical because as the plaintiffs add, the new scheme “far surpasses the conspiracy alleged earlier.” As a result, the litigants are seeking permission to file a new complaint with the additional allegations, i.e., demand even more reparations from the defendants who have not yet settled, and perhaps even more evidence of ongoing market rigging. Their proposed complaint broadens the case beyond the four banks initially sued to include claims against units of Barclays Plc, BNP Paribas Fortis SA, Standard Chartered Plc and Bank of America Corp.

Representatives of UBS, BNP Paribas Fortis, HSBC, Standard Chartered and Scotiabank didn’t immediately respond to e-mails outside regular business hours seeking comment on the allegations. Barclays and Bank of America declined to immediately comment.

The Deutsche Bank documents show, among other things, how two UBS traders communicated directly with two Deutsche Bank traders and discussed ways to rig the market. The traders shared customer order-flow information, improperly triggered customer stop-loss orders, and engaged in practices such as spoofing, all meant to destabilize the price of silver ahead of the fix and result in forced selling or buying. It is also what has led on so many occasions to the infamous previous metals "slam", when out of nowhere billions in notional contracts emerge, usually with the intent to sell, to halt any upside moment in the precious metals/ 

"UBS was the third-largest market maker in the silver spot market and could directly influence the prices of silver financial instruments based on the sheer volume of silver it traded," the plaintiffs allege. "Conspiring with other large market makers, like Deutsche Bank and HSBC, only increased UBS’s ability to influence the market."

Some examples of the chats quoted are shown below. In the first example a chart between DB and HSBC traders in which one HSBC trader says "really wanna sel sil[ver" to which the other trader says "Let's go and smash it together."

Another chat transcript from May 11, 2011 reveals a Deutsche Bank trader telling a UBS trader that the cartel "WERE THE SILVER MARKET"(sic) based on feedback from outside traders to which UBS replies, referring to the silver market "we smashed it good", leading to the following lament "fking hell UBS now u make me regret not joining."

Finally, for all those traders who wonder what happened to their stops as a result of dramatic moves in the price, here is the answer: a June 2011 chat between a UBS and a DB trader comes down to the following: "if you have stops... who ya gonna call... STOP BUSTERS"

Liew's admission of guilt to a conspiracy to spoof precious metals markets seems like the final nail in the coffin of any conspiracy theory deniers - theory is now fact once again. The question is - will the regulatory crackdown on these manipulations actually reduce rigging in the markets?

Credit to Zero Hedge

Putin: We don't protect Assad, we protect Syria from becoming Libya