We have had several videos here on https://preciousmetalsinvesting.com about Deutsche Bank manipulation in Gold and Silver Markets.
There have been many precious metals experts such as Ted Butler, ButlerResearch.com, who have been talking about the manipulation of the silver markets for years – in fact I think in Ted Butler’s case he has been investigating, exposing and writing about the silver manipulation schemes for 20 years. During all of this time, the regulators said there was no manipulation. The regulators, who were supposed to be protecting individual investors and the integrity of the markets told Ted, despite the evidence he showed them, there was no Deutsche Bank Manipulation in Gold and Silver Markets.
GATA, the Gold Anti Trust Action Committee was organized in 1998 by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut to investigate and expose manipulation in the gold markets.
There was a stunning admission in court by Deutsche Bank that the price of silver has been rigged. As part of their settlement they agreed to turn over 36,000 pages of documentation which, according some sources, contains the names and implicates other banks in the manipulation schemes.
Deutsche Bank had received several large fines as a result of government cased against them. However the fallout and fines from the admission of guilt by Deutsche Bank are just beginning. This opens up the way for civil cases from individual investors to begin…. And they have already.
The fines in civil cases can possibly dwarf the fines against Deutche Bank in the government cases. In civil cases the plaintiff (the individual investor) can be granted treble damages against Deutsche Bank. So that means Deutsche Bank can potentially be fined three times the loss the investor suffered.
So it would seem to me, not being a lawyer, the question of guilt has already been settled by the Deutshce bank admission. Now the only thing that has to be determined in court is how much loss the plaintiff suffered and how much the fine should be.
I think this is just the beginning of the fines and suits against not only Deutsche bank but also other banks that were involved in the manipulation scheme.
Mike Maloney, the bestselling author of the Guide To Investing in Gold & Silver: Protect Your Financial Future.
Check out Mike’s other videos in the Hidden Secrets of Money series at https://www.hiddensecretsofmoney.com/. As Mike explains in the series and his book, “we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it.” Mike “breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together.”
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Video Rating: / 5
How much money did Maloney make on this bullshit!
wrongx
NO MORE FINES JUST STRAIGHT TO JAIL NO MORE PAYING OFF FOR YOUR DIRTY ACTS FOR THE BANKERS
Currently 4/29/16 and silver is 17.91 (US). My personal belief is this fix bust did more than what's apparent. They got a good slap in the face for sure, but hopefully it was a lesson which they remember and will refrain from future fixing. Now, we have our own big banks doing the same thing here in the US. This is a wake-up call for them. So, maybe they saw the light and will come back another day. It's nice to see gold and silver rising to reach their proper value. As Dylan said, "Things are gettin' interesting, just about now."
im rich!!
Is it going to stop? Not a chance, keep up trying to sell your books! This will and has been around for years, never will end!
any fines are paid by the company. The banker cheaters stay get their bonuses on the profit. Corporately and personally, fixing prices still profitable.
any thoughts as of when we see a new Silver all time high? (+ing 50) before or after the next election…?
So where is the news?
Mike, these reports that you are showing date back to 2004. The lawsuit you mentioned is filed 2 years ago. What is happening with all this…? It seems this FIXING practice can just go on and on and the crooks get away with it.
australian government is going to look into our banking , guess who's going to pay for that yep you guess it,"DOH!!!!!!'.
Jail !