Bank of England Under Investigation for being TOO Friendly with Banks
The biggest problem we have with central banks is that they are run by academics with ZERO real world experience. This applies not just at the Fed, but most central banks with the lone exception of Bank of China. The greatest danger this presents is that the money-center banks manipulate the central bankers during states of financial panic and they who are so frightened, they will do whatever the money-center banks tell them
In the USA, there is nobody who would investigate the dark corners of the Federal Reserve being manipulated by the NY bankers who walk of water without ice. However, the system is much more open in Britain where the bankers do not control the courts as they do in New York City. Consequently, the Bank of England (BoE) is now being investigated by the Serious Fraud Office (SFO) for being “too” friendly with the money-center banks during the crisis of 2008.
Last year, the BoE was cleared of “improper conduct” in the currency market manipulation allegations of the money-center banks. Nevertheless, major corporations are starting to wise-up to TRANSACTIONAL banking. A light is starting to go on that by no means can you go to these clowns for corporate hedging and advice for they will ALWAYS rig the game to make as much profit on the trading scalping clients until they bleed.
So while in the USA the banks can still bribe Congress to repeal Dodd-Frank and open the gates to money falling once again from heaven, that is not the caseOUTSIDE the USA. Even the movie the FORECASTER is being shown around the world except the USA because of the elite control of the bankers who tell the Fed what to do and when, the Justice Department, and New York Federal Judges protect them every chance they get. We have NOBODY outside of their control to investigate anything.
Britain’s Serious Fraud Office’s investigators are now probing the central bank for possible fraud related to liquidity auctions between 2007 and 2008. During the financial crisis, the BoE invited banks to borrow money from the central bank, in exchange for collateral. This was conducted through a series of “liquidity auctions” where the funds were intended to prevent the banks collapsing.
The banks always warn that there will be a complete collapse of the 0financial system unless their losses are always covered, The SFO is looking into the bankers’ “conduct” that was connected to these liquidity auctions. This is the criminal investigative agency that is conducting the probe of the BoE. Being investigated for “conduct” issues can be a very wide range from price fixing and handing the government the worse collateral possible (FRAUD) to the leaking of confidential information for personal gain.
The tide is turning against the banks. We will see more and more corporations turn away from the banks as advisory entities. They just cannot be trusted when they are also the market-makers making commissions/spreads on the trading that are totally undisclosed. The day of the banks is coming to an end. It looks more like the next downturn will drive the spike right through their hearts. Just maybe, we may get back to the way its should be – RELATIONSHIP business, notTRANSACTIONAL where they have the incentive to manipulate markets for the quick buck and front-run clients.
CONFUSED about the DOW
QUESTION: Is your computer saying the DJIA will crash around 2015.75 ?
ANSWER: All will be revealed soon enough. There may be an initial correction, theFALSE MOVE, but there does not appear to be any major crash. Near-term, the Dow is still contained. So no real blast to the upside.
We really are working full speed. We are dividing the service into three main categories. We will have a simple service identifying the trend for INVESTORS. Then there will be the service with arrays and reversals for the TRADERS. The third level will be for the INSTITUTIONAL clients geared to global portfolios and business.
We will have services where you can enter your sales data on your own company and we will generate a business forecast of your company no matter how small.
The system is global, so it will provide the analysis in your base currency. If you are in China, Japan, India, Russia, Europe, or South America, Middle East or even Africa, you will be able to obtain forecasting to your perspective.
As we roll out the other releases, you will have access to all traded stocks globally from China to Europe. You will have the ability to create a market watch and the computer will send you alerts for changes in trend on whatever you place into that watch.
This is just scratching the surface. The key – this is all generated by the computer so no human emotions will get in the way and there will be no such things as politically-correct forecasts.
Politicians Behaving Badly
Honestly, they could make a TV series out of this instead of glorifying police. The former president Mohamed Nasheed of the Maldives was dragged into court over corruption. He was been detained on terrorist charges, accused of ordering the arrest of a judge three years ago while still president. In London, two member of Parliament caught in a sting operation after offering their services for cash. They claim they have violated no rules.
800th Year Anniversary of Magna Carta & We Still Need the Same Rights
It is the 800th year anniversary of the Magna Carta. Here are a few interesting clauses that would be nice if they were reinstated once again.
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* (11) If a man dies owing money to Jews, his wife may have her dower and pay nothing towards the debt from it. If he leaves children that are under age, their needs may also be provided for on a scale appropriate to the size of his holding of lands. The debt is to be paid out of the residue, reserving the service due to his feudal lords. Debts owed to persons other than Jews are to be dealt with similarly.
(39) No free man shall be seized or imprisoned, or stripped of his rights or possessions, or outlawed or exiled, or deprived of his standing in any other way, nor will we proceed with force against him, or send others to do so, except by the lawful judgement of his equals or by the law of the land.
+ (40) To no one will we sell, to no one deny or delay right or justice.
(41) All merchants may enter or leave England unharmed and without fear, and may stay or travel within it, by land or water, for purposes of trade, free from all illegal exactions, in accordance with ancient and lawful customs. This, however, does not apply in time of war to merchants from a country that is at war with us. Any such merchants found in our country at the outbreak of war shall be detained without injury to their persons or property, until we or our chief justice have discovered how our own merchants are being treated in the country at war with us. If our own merchants are safe they shall be safe too.
Manipulations v Systemic Manipulation
COMMENT: Marty, I see now what you are talking about. These gold promoters always pitch inflation and then claim when they are wrong the market is rigged with perpetual manipulation. You are correct. How can you preach put everything into metals and then say the metals cannot rise because of manipulation? This really seems to be an argument that is criminal and may be part of the very manipulations.
Thanks for all your help. It is clear you have more experience than any of these people if not all put together. The bankers tried to shut you down and yet you keep up the good fight. The media will not acknowledge you and that too seems to be only because you reveal the truth and then the movie seems to be blocked. They would not do all of this unless you spoke the truth.
Keep your chin up. You will prevail against them all.
DE
REPLY: Thanks. The movie will eventually be seen on the internet and they will not stop the DVDs. Of course, that will probably be in 2016. They have contracts for also worldwide TV runs except the USA of course. It is stupid. The movie is being shown everywhere but the USA where American distributors lack the guts it seems. Many distributors outside the USA all flew in to the various showings in Europe. It does seem to be some strange sort of “self-censorship” in the USA for companies are just afraid of government and the bankers.
Anyone with REAL trading experience in size knows that the banks as market-makers have ALWAYS traded against the client. This is TRANSACTIONALbanking rather than RELATIONSHIP. It does not matter what the market may be from currency and interest rates to metals and commodities. They will front-run and deliberately try to run stops on either side. This is the typical manipulation that impacts every market in which they deal. However, trying to transform that intoSYSTEMIC MANIPULATION, which implies the suppression of a market perpetually, is gross exaggeration that honestly is very suspect.
One way to discredit a truth is to exaggerate it. For example, to hide secret military experiments using magnetic engines one need only turn that into aliens and then take it all the way to alien abductions. You have changed the subject and discouraged any viable investigation that would have uncovered secret technology.
This is the very same problem with manipulations. Of course the banks trade and they trade AGAINST clients for their model is TRANSACTIONAL and that incorporates quarterly-performance and annual bonus time. There is ZEROincentive to perpetually and systemically suppress a market for there would be no profit taking and that defeats the entire bonus structure.
So do not get carried away and keep the manipulation accusations accurate. The banks front-run, clip, and rig the game on a TRANSACTIONAL basis. They do not perpetually maintain positions to suppress some market with no profit taking for years on end. There is a HUGE difference and the former can be proven in court whereas the latter will never be proven and they walk away.
So yes – I distrust ANYONE who claims there is systemic manipulation for that is a get out of jail free card for the banks and I would suspect that anyone spreading that extreme nonsense may be paid under the table to protect the banks. It just smells funny. Why go that far when if there would EVER be a REAL investigation, you are guaranteeing it will fail. This supports the banks maintainingTRANSACTIONAL banking, which they used to repeal Glass-Steagall.