Well, the evidence finally emerges. No market forces at work here. “The boys” done bagged and skinned the Bear for quite a pretty penny:
- Bear Stearns Buy-Out . . . 100% Fraud
- “How Bear Stearns stock was artificially collapsed so that illegal insider-traders would make billions and J.P. Morgan would be paid $55 billion of US
taxpayer money to shore up themselves and buy Bear Stearns at bankruptcy prices.”
There is an unanswered question: was Bear Stearns long gold and how important was it to JP Morgan Chase, Goldman Sachs, and the Fed to control that long position?
Think about it. The Bear Stearns takeover was inked on Sunday, March 16th and gold suddenly stops rising and drops from a high on Monday of 1011 to 925 on Thursday, March 20th. Was this a warning to primary dealers who refuse to play along with gold manipulation? Or did Morgan just need a bailout and cannibalizing Bear was the way to quietly arrange it?
Special Thanks to Rob Kirby of Kirby Analytics and LeMetropole Café for pointing this one out.
