The Mother of All Banker Market Manipulation Scandals

Reuters reports that metals warehousing firms have been subpoenaed “seeking all of its documents and communications related to the London Metal Exchange…”

Goldman Sachs, JPMorgan Chase & Co, Glencore Xstrata, and Trafigura are having their warehousing practices scrutinized under this investigation.

This could possibly be the overt beginning of the end for the “Too Big To Fail” banks. Manipulating the prices of metals is so far reaching and disruptive to all markets and private wealth in the world that if this is found out to be true (which I am fully convinced it is) the complete global banking system will be revealed as criminal.

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