London metals trader Andrew Maguire, who warned an investigator for the U.S. Commodity Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JPMorgan Chase in February and whose whistleblowing was publicized by GATA at Thursday's CFTC hearing on metals futures trading --
-- was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area.
JPMorgan 'chase' story in UK
By MICHAEL GRAY
Last Updated: 4:51 AM, March 29, 2010
Andrew Maguire, a metals trader at the London Bullion Market Association, and his wife were traveling in their car when a second car coming out of a side street struck their vehicle. That car then hit two more vehicles before fleeing.
London cops using helicopters and patrol cars chased the hit-and-run driver before nabbing that person, whose name has not been released by authorities.
Maguire and his wife were released from the hospital yesterday. London police would not comment on the accident investigation.
To get right to the point, I am having extreme difficulty concentrating on the mundane action (usually a highlight of my daily routine) in the financial markets. GATA has one of the financial scandal stories of all time and nobody in the mainstream financial market press is paying attention … or won’t give it any attention … YET!!! It just blows me away.
To calm down I went over to get some lunch at my “watering hole,” Chili’s, and chat with my favorite bartender, Ms. Martha. My friend “Big Mike” was there. Mike, a Marine vet, is a decorated Viet Nam war hero. He was shot up, and hit so much, that he has had 37 operations since that war. The stories this man has! One of them is that he NEVER took a prisoner. Killed them all.
Anyway “Big Mike” was bewildered why my testimony was blacked out … “the only one” he said. Then he got to thinking and had an answer to his own question. He was a “black ops” guy in Cambodia during the Viet Nam era. When he was in yet another hospital recovering from one of his many operations, a government guy came to him and said if he mentioned anything he did in Cambodia to the press that he would end up in Leavenworth “making small rocks out of big rocks.”
“Big Mike,” a champion weight lifter, carried a “big stick” with him yesterday when he came over to our gym below where I live. Based on his life, he is that concerned about mine, especially after he found out about what happened to Andrew Maguire. Many years ago he heard the story about me getting beat up, which was right across the street from Chili’s.
Oh well … the Russian version of NBC is sending a reporter and cameraman to where I live tomorrow at 10. The GATA story will at least be allowed to be told in the former Soviet Union. This is beyond bizarre.
The gold scandal story is larger than life to begin with … now throw this spooky stuff on top of it. Veteran Café members will recall that in the early part of this century what happened to me during a six week period…
*My car was stolen and then found on a nearby highway one day after the insurance company paid me off. There was no damage to the car, money left in the console, and a cashmere sweater in the back seat.
*My web site was hacked and somebody send out a very goofy email supposedly from me, but it was not me.
*Coming out of a restaurant/night spot less than two blocks from where I live, somebody jumped out from behind a wall and sucker-punched me with brass knuckles. I was out cold and thought my jaw was broken.
Nothing like this has happened before or since.
Last night I did what I could to booby trap my door and put a golf club next to my bed.
I also asked a GATA news source why Mr. Maguire had not discussed the accident in his interview with King World News. He is reported to be 'very concerned' for his safety and is reluctant to discuss this aspect of his coming forward.
Originally posted by Gools
You know it always amazes me when the REAL and IMPORTANT conspiracies get no attention on ATS whereas some dip# with an out of focus grainy photo of lens flare gets top billing and 100 pages of discussion.
In the wee hours of Tuesday morning, Eric King of King World News sent me the interview headlined above... and linked below. Because the interview runs about 40 minutes in length... and I already had a pile of stories in my Tuesday report... I decided not to run it until today.
But I did listen to the whole thing as soon as I got it... and it was a shocker to say the least! I called Eric on the telephone as soon as I got up in the morning... and he told me that shortly after he posted the interview, his website had been hacked and about the last third of the interview had been deliberately erased from one of ISP's servers. It was the part where Andrew Maguire and GATA's Adrian Douglas started talking about things like "fraud", "treason" and "financial terrorism".
Sophisticated attack disables King World News site for 2 hours
Submitted by cpowell on Thu, 2010-04-01
Dear Friend of GATA and Gold (and Silver):
Internet servers hosting the King World News Internet site, which today posted a half-hour interview with three GATA board members, were attacked and disabled tonight from approximately 8 to 10 p.m. ET.
The servers are maintained by one of the largest Internet site hosting companies in the world and one of its technicians told King World News proprietor Eric King, "We cannot figure out why this cluster of servers is being attacked." The King World News site host has maintained the site on a "grid" system of servers so that ordinary technical problems with any one server cannot disable the site, but tonight's attack was sophisticated and brought down the entire grid.
Le Metropole Members,
Attack on King World News site meant to shut it down
King World News today received more detail about yesterday's attack on its Internet site, which happened soon after the posting of Eric King's
half-hour interview with GATA Chairman Bill Murphy, board member Adrian
Douglas, and your secretary/treasurer about last week's hearing of the U.S. Commodity Futures Trading Commission.
The major Internet hosting company that maintains the King World News site reported to King World News: "Your hosting account is the target of a
distributed denial of service attack. To protect the network resources, we
have temporarily placed your Web site behind a network filter. Once the
attack has ended, service will be restored to normal. ... Computers were
attacking your account."
Eric King told GATA today, "We are on one of the top grid server systems in the world, where traffic is not an issue, and this has never happened
before. This was a case of an entity needing to silence the messenger."
Meanwhile, GATA's friend Trace Mayer, proprietor of RunToGold.com, reports
that his March 28 commentary on last week's hearing of the U.S. Commodity
Futures Trading Commission was followed by a similarly massive attack on RunToGold's Internet
server. "To handle spikes in traffic," Mayer says, "I am on an expensive
enterprise-level cloud server with a company that handles hosting for some
of the big dogs, like Sony and Toyota, and my server got hammered. The site
was down for 2 1/2 hours, from about noon to 2:30p PT on March 30. There
were no issues with my hosting provider and it appears we have everything
under control now. I have never had an issue like this before. Anyway, it
looks like we have someone's attention. Keep yanking on that tail."
GATA indeed will keep yanking on that tail but our friends also risk getting
bitten. We're grateful to them for that.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
William Murphy Explains his Testimony at the Recent CFTC Hearing and the Future of Precious Metals Markets
Sunday, April 04, 2010 - with Scott Smith
Introduction: Bill Murphy grew up in Glen Ridge, New Jersey and graduated from the School of Hotel Administration at Cornell University in 1968. His senior year he broke all single season Ivy League pass receiving records and was Honorable Mention on the All-America Football team. He went on to become the starting wide receiver for the Boston Patriots in 1968. Bill went on to a career in the futures industry as a commodities broker. Early on he worked for Shearson Hayden Stone and Drexel Burnham before starting up his own introducing brokerage on 5th Avenue in New York. In 1998 he opened up LeMetropoleCafe.com, a financial market website geared to the gold market. In January 1999 Bill became chairman of the Gold Anti-Trust Action Committee (GATA) to expose the manipulation of the gold price by The Gold Cartel.
This means that there are thousands of clients -- Asian and Middle Eastern governments and sovereign wealth funds among them -- who think they own hundreds of billions and perhaps trillions of dollars of gold bullion, and are being charged storage fees on that fantasy bullion, but they really own unsecured gold loans to the banks at a negative interest rate.
There is nothing new about this. Morgan Stanley paid several million dollars in 2007 to settle claims that it had charged 22,000 clients for storage fees on silver bullion that didn't exist.
You would ask for delivery of your gold immediately. It would be a "run on the bank." What about things like ETFs linked to gold? Most of them also claim, as assets, these "deposits" at the LBMA banks. The entire gold market is complete "ponzimonium," a word popularized by the CFTC's Bart Chilton. This does not even take into account the tungsten gold bar counterfeit issue, which has emerged over the past year or so.
During the CFTC hearings, Jeffrey Christian of CPM Group apparently informed us that the LBMA banks actually have about a hundred times more gold deposits than actual gold bullion.
Thus, when the "New London Gold Pool" blows up, we might find that the dollar decline that has been going on since 2001 could accelerate dramatically. You would be surprised how little most big hedge funds know about gold. But they do know the scent of blood in the water. And they learn quick