ALERT: Silver Riggers Exposed!
It's official. Part of the Banking Cabal that rigs the silver market has come out of the shadows and has "settled" a lawsuit against them for rigging the "Silver Fix".
And the Mother of All Derivative Holders is right in the thick of it!
Deutsche Bank to Settle US Price Fixing Litigation
http://www.reuters.com/article/us-deutschebank-settlement-silver-idUSKCN0XA2RU
Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings Plc to fix silver prices at the expense of investors, a court filing on Wednesday showed.
Terms were not disclosed, but the accord will include a monetary payment by the German bank, a letter filed in Manhattan federal court by lawyers for the investors said.
Deutsche Bank has signed a binding settlement term sheet, and is negotiating a formal settlement agreement to be submitted for approval by U.S. District Judge Valerie Caproni, who oversees the litigation.
A Deutsche Bank spokeswoman declined to comment. Lawyers for the investors did not immediately respond to requests for comment.
Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the world's largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix.
END
Lot's more to be exposed here over the coming weeks. The other parties have NOT settled anything so keep an eye on HSBC, ScotiaBank and UBS.
Of course there are many more and it bring into question what was in the $1.1 Trillion worth of derivatives that Deutsche Bank was trying to pass off to Citibank, Goldman Sachs and JP Morgan.
And let's not forget that the MAIN argument from the CFTC as to WHY they claimed that the COMEX Silver Price was not being rigged was that it matched the "Physical Price" of silver at the LBMA's "Silver Fix."
So now that the CFTC's stance is NO LONGER VALID will they go back and actually prosecute any of the violators that rigged the COMEX?
Highly doubtful.
Not sure if anything will come of this as far a past evil deeds but one thing is for sure...IT WILL BE MUCH HARDER TO RIG THE SILVER MARKET GOING FORWARD!!
Back up the truck because SILVER is massively undervalued due to the price rigging of the past!!
How high can the price of silver go? How about $120,000/oz?...
Melt the Witch 2016
//www.roadtoroota.com/public/136.cfm
We will see how this all shakes out but one thing is for sure...the Banksters are being EXPOSED at just the right time!
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
PS - Book 3 has many "Conversations with God" about silver and what's about to happen to it. You can get your copy here:
"The Road Awakens" - by Bix Weir
//www.roadtoroota.com/public/centeruBook_IIIuBRThe_Road_Awakenscenter.cfm
