Banksters: The Organized Crime

Canadian financial analyst Rob Kirby and German financial journalist Lars Schall discuss this week’s dismissal by the U.S. Commodity Futures Trading Commission of complaints about manipulation of the silver market. In particular, Kirby and Schall focus on a powerful entity that is rarely mentioned in financial mainstream journalism, if at all: the Exchange Stabilization Fund.


By Lars Schall
For the comment made by GATA’s Chris Powell, that gets mentioned in this edition of The Organized Crime / Banking At Its Finest Show, see here. Moreover, here you can find the 5-part video series on the U.S. Treasury’s Exchange Stabilization Fund (ESF) that Kirby is referring to at Eric de Carbonnel’s web site, MarketSkeptics.com.
Rob Kirby wants to add to the statements that you’re about to hear, in summary: “If the CFTC admitted that the ESF is intervening in markets to the extent they are – the implications would be THAT WE NO LONGER HAVE REAL MARKETS – PERIOD. Hence, they hear and see NOTHING.”
Rob Kirby, who is the publisher of the “Kirby Analytics Newsletter“ and a consultant to the Gold Anti-Trust Action Committee (http://www.gata.org/), was born 1960 in Halifax, Nova Scotia, Canada. He studied Economics at York University in Toronto. Upon completion, he went to work in the Bay Street, the financial district in Toronto. He served on an institutional trading desk for most of the 1980s and right up until 1996. For 11 years he worked at Prebon Yamane, an international inter-dealer broker, and one year at Freedom Bond Brokers (now part of Cantor Fitzgerald). Afterwards he spent two years at Garban Inc., another inter dealer bond brokerage in Toronto. In 2002, he went to work for Investor’s Group, the largest Mutual Fund Company in Canada, and stayed there up until 2004, when he resigned to write about the markets. His website is: http://www.kirbyanalytics.com/. Mr. Kirby lives in Toronto, Canada.

Source

 Prince of Ponzi

Art by WB7