Loading ...Ultimately they will be held to account, although probably not in this life.
I feel like you do, I want them all exposed, regardless of who they are or what party they belong to. I want the bankers exposed. What happened Friday was surreal. Criminality right out in the open. Banks and exchanges coordinating with each other to move the price of certain goods in their desired direction. No questions asked. They just basically said “we are going to steal from you by making your position untenable, and there’s nothing you can do about it.
The only way we are going to see fair value in our metals is if the exchange goes belly up. We are left holding pm’s for nothing more than insurance until then. I’m hoping that comes in March with deliveries, but they may have wiped enough people out that they protected themselves from it happening.
That’s what that was on Friday, coordinated self preservation by the banks and exchanges.
I guess we shouldn’t have expected anything less. This country does not allow its financial class to fail.