Deutsche Bank admits rigging Gold prices...

www.zerohedge.com...

This could break the metals market wide open, and I didn't find much for a thread on it....

This was confirmed moments ago when Reuters reported that Deutsche Bank has also reached a settlement in US litigation alleging the bank conspired to fix gold prices. In other words, hours after admitting it was rigging the silver market, it did the same for gold.

Some more headlines:
•Reaches settlement in U.S. litigation alleging it conspired to fix gold prices.
•Plaintiffs' lawyers, in filing, say Deutsche Bank has signed a settlement term sheet
•Plaintiffs' lawyers say are negotiating formal settlement agreement that would be presented for judge's approval later
•Plaintiffs' lawyers say settlement contemplates a monetary payment by Deutsche Bank
•Gold settlement follows similar accord involving alleged silver price-fixing that was disclosed on Wednesday

Most importantly, as the actual settlement reveals, Deutsche has agreed that in addition to once again providing "valuable monetary consideration" which will be paid into a settlement fund, that like in the silver settlement it will provide "cooperation in pursuing claims against the remaining Defendants

The web of deceit and the outright fraud which rules the financial system is perforce crumbling as the world economy starts to really unravel....
With indicators like the Baltic dry Index running at historic lows, we know world wide shipping of bulk cargoes is slowing dramatically....

The London silver fix came in at 13 and change last week and the market kept right on selling at over 14$...ignoring the rothschilds price fix for the first time....

Though the gold market is up somewhat, many feel the price of Gold and Silver are being held down by manipulative banking forces....

Duetsche bank has the largest exposure to the derivative market as well....
Its been predicted this bank has the capability of tipping the European markets upside down should it fail.....

Thus the US dollar will eventually come under pressure.....
Why all the fed and government meetings last week|?
Big deep currents are rising from the guts of the economies of nations world wide....

this case against deutsche Bank is far from over as they will be singing like doped up canaries to save their hides....
There will be much more to come this year.....

edit on 17-4-2016 by bandersnatch because: (no reason given)

a reply to: bandersnatch

They reached a " settlement " !

This if true is an outrage !

OP. Can you please give us more info and your own take on this ?

Good old Douche Bank (did I spell that right?) . However , they are just one of the major pieces in a much larger puzzle.

Over the last 6 months or so, we have been fed stories one by one.

The main message seems to be 'Buy Gold'

Now, why do they want to sell their gold.

Actually, are they selling gold, or are they in fact selling promissory notes.

P

Isnt this the bank that ask the US fed to give it back 9 tons of gold Iit was storinh?
If it is whats the odds the 2 stories are related i wonder

a reply to: bandersnatch

If guilty will any of these people go to jail like others committed of fraud? Time to demand thee people are not allowed to get away with their financial crimes. Iceland had it right when they had the guts to prosecute.

Like the LIBOR, FOREX and every other "market" out there, they are all rigged. A single bank or other financial entity cannot rig a certain market by itself, it takes collusion between them all to fix the markets. That is the definition of organized crime right there!
A question I have asked many times over the years, regarding "debt" is who does our government owe it to? They talk all the time about the government (all of them) owing this debt but never seem to tell us who exactly the debt is owed to, and for what!
The whole system is unsustainable and the logical conclusion is that, at some point, it will all collapse. Unfortunately for us all, it's what they will do to hide the criminality and kick off the next round of fleecing that worries me. They'd kill us all to maintain their control and power!

originally posted by: Timely
a reply to: bandersnatch

They reached a " settlement " !

This if true is an outrage !

OP. Can you please give us more info and your own take on this ?

My take on this..The web of deceit and the outright fraud which rules the financial system is perforce crumbling as the world economy starts to really unravel....
With indicators like the Baltic dry Index running at historic lows, we know world wide shipping of bulk cargoes is slowing dramatically....

The London silver fix came in at 13 and change last week and the market kept right on selling at over 14$...ignoring the rothschilds price fix for the first time....

Though the gold market is up somewhat, many feel the price of Gold and Silver are being held down by manipulative banking forces....

Duetsche bank has the largest exposure to the derivative market as well....
Its been predicted this bank has the capability of tipping the European markets upside down should it fail.....

Thus the US dollar will eventually come under pressure.....
Why all the fed and government meetings last week|?
Big deep currents are rising from the guts of the economies of nations world wide....

this case against deutsche Bank is far from over as they will be singing like doped up canaries to save their hides....
There will be much more to come this year.....

edit on 17-4-2016 by bandersnatch because: (no reason given).





Comex, Forex,LIBOR, and the rest are mechanisms to control the prices allowing huge scams to occur since Bretton Woods....
In fact I believe the manipulation of the markets has bled the worlds population white.....
Only the Billionaires are reasonably insulated from the preturbations caused by rigging the markets....
Anyone on the outside is fair game....especially the small investors....

Other than posting the whole article (not kosher here) that's about all the details available outside the link....

originally posted by: Gothmog
Good old Douche Bank (did I spell that right?) . However , they are just one of the major pieces in a much larger puzzle.

You did spell that right, good job

The entire banking scheme is controlled by few. It's known and obvious.

If one does not commit to such a scheme they are opposed by the western paradigm.

Wars, leaders infiltrated, killed and replaced (sounds familiar I know), sanctions and threats.

The system is and always has been rigged, otherwise there would be more equality, which there not even close in terms of everyday people and their income ratio to those controlling the scheme.

It's designed to keep certain factions rich and ahead of others, while they can monitor everything that slopes down the top of the pyramid.

I find it hilarious people shout pyramid schemes. Yet can't figure out that the system they are molded to be placed in is and always has been just that.

originally posted by: Britguy
A question I have asked many times over the years, regarding "debt" is who does our government owe it to? They talk all the time about the government (all of them) owing this debt but never seem to tell us who exactly the debt is owed to, and for what!

Most debt in the US is owed to American citizens, some debt is intragovernmental, and a small portion is owed to foreign governments/nationals.

It's pretty similar in the UK.

a reply to: Aazadan
How can you mouth that stuff?
The Saudis hold trillions as do the Chinese...these are in the form of treasury certificates....
This is US debt.....nobody elses....
The Mysterious buysers of treasuries to the tune of 100s of millions that have emerged in Belgium since nobdy else is buying them anymore...in fact the holders are dumping as fast as ever they can short of collapsing the us dollar till they are out of it....
Now the banks are exposed to billions in fracking loans too....

originally posted by: bandersnatch
a reply to: Aazadan
How can you mouth that stuff?
The Saudis hold trillions as do the Chinese...these are in the form of treasury certificates....
This is US debt.....nobody elses....
The Mysterious buysers of treasuries to the tune of 100s of millions that have emerged in Belgium since nobdy else is buying them anymore...in fact the holders are dumping as fast as ever they can short of collapsing the us dollar till they are out of it....
Now the banks are exposed to billions in fracking loans too....

ticdata.treasury.gov...

The Chinese hold 1.25 trillion, next is Japan at 1.1 trillion. The Saudi's only hold a few billion, the list doesn't specify but it groups all oil exporters together, Ecuador: Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria at 281 billion.

The total foreign held debt is 6.2 trillion.