This is in response to an editorial by Money Metals Exchange entitled "Gold Prices Are Being Hacked!" (Jan. 9, 2017):
"The civil courts appear to be metals investors' best shot at recovery of some of what has been stolen from them in these rigged markets"
Perhaps. IF they get a fair hearing by a completely oblivious and ignorant judiciary. Then there are some questions that come to mind:
Q: Whatever happened to the criminal courts? Q: What if the outcome is the same as it was for MF Global and John Corzine? Q: What if the courts just basically tell litigants to go pound salt, like they did when Blanchard sued Barrick Gold (proxy for the FedGov)? Q: What if, the government being the real defendant, litigants actually win a claim? Wouldn't they just be paid in infinitely-producible fiat? And Q: If that's the case, how much skin would it be off any of the real perps' noses?
If the markets are rigged, it's GOT to be the case that the primary beneficiary is the government. This is just the logical conclusion. Otherwise, would--COULD--these banks possibly be have been able to get away with what they've been getting away with? And if that's the case, what possible recourse could investors have? There's not enough public awareness to really give the government a hard time in this matter.
Having said all that, I'm not one of the defrauded ones, since for years now I've seen what was going on and decided to be a beneficiary rather than an injured party by buying physical cheap rather than documents dear. I urge others to do the same.
"The civil courts appear to be metals investors' best shot at recovery of some of what has been stolen from them in these rigged markets"
Perhaps. IF they get a fair hearing by a completely oblivious and ignorant judiciary. Then there are some questions that come to mind:
Q: Whatever happened to the criminal courts? Q: What if the outcome is the same as it was for MF Global and John Corzine? Q: What if the courts just basically tell litigants to go pound salt, like they did when Blanchard sued Barrick Gold (proxy for the FedGov)? Q: What if, the government being the real defendant, litigants actually win a claim? Wouldn't they just be paid in infinitely-producible fiat? And Q: If that's the case, how much skin would it be off any of the real perps' noses?
If the markets are rigged, it's GOT to be the case that the primary beneficiary is the government. This is just the logical conclusion. Otherwise, would--COULD--these banks possibly be have been able to get away with what they've been getting away with? And if that's the case, what possible recourse could investors have? There's not enough public awareness to really give the government a hard time in this matter.
Having said all that, I'm not one of the defrauded ones, since for years now I've seen what was going on and decided to be a beneficiary rather than an injured party by buying physical cheap rather than documents dear. I urge others to do the same.
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