JPMorgan, HSBC Silver Futures Cases Consolidated

A judicial panel on Tuesday consolidated class-action litigation alleging that JPMorgan Chase & Co. and HSBC Holdings PLC violated antitrust laws by manipulating the silver market and potentially reaped billions of dollars while keeping the price of silver artificially low.

The U.S. Judicial Panel on Multidistrict Litigation on Tuesday consolidated the seven class-action lawsuits pending against the two banks in the U.S. District Court for the [...]

JPM and HSBC have”influenced” silver prices? How about CONTROLLED the price! Come on, tell it like it is!

by ZH

Its FINALLY about time this issue began getting some mainstream attention!

The prices of both silver AND gold have been negatively influenced / artificially suppressed for years by large investment banks at the behest of the Federal Reserve for the purpose of discouraging investors from seeking an alternative “safe” currency to the dollar.

Yesterday’s announcement by CFTC commissioner Bart Chilton that he was fully aware of fraudulent efforts to [...]