Full comment from the CFTC site:
Dear CFTC Staff,
Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well.
I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.
I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.
On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.
There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke's speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.
As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.
It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America's best kept secrets. Please do not allow this to turn into another Enron.
Kind Regards,
-The 1st Whistleblower of Many
139 comments:
WOW!!!! Great find Doc!
Very interesting post. Is it possible that one employee of hell actually has a conscience?
Is this pans out it completely validates everything I have been saying about total manipulation and spiraling downward price in the gold and silver markets.
Here is a link to the comment on the CFTC site:
http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=57019&SearchText=
Dear 1st Whistleblower of Many,
In the world of covert operations and high finance, the general rule of thumb for Whistleblower safety is to go public with your information in full, as soon as possible, and through multiple channels. Ask around. You'll find most will agree.
Also, beware, the CFTC will bring you in and take your story in full. But there's plenty of circumstantial evidence to suggest they will be of no use and of no protection to you. You'd probably be better off going to multiple fronts in the media first, splash the story out in the public in full (could even keep your cover for a while too), and that would be the tail that wags the dog of the CFTC. The Andrew Maguire story never saw traction in the US mainstream media because his message was publicized only at the CFTC hearings, and not given to a major media network in advance for vetting and the opportunity for the media outlet to have an exclusive, which still stands for something in the industry and serves as incremental motivation for the press.
Contact people like Professor William K Black (www.financialsense.com/contributors/william-k-black-phd ) and ask him to help you collectively knock on the doors of Bloomberg and the WSJ first. He's got contacts and experience and will elevate the respect with which your message should be heard.
Consider contacting GATA. They have contacts that can help.
Remember: If you have case-specific documentation the public outing of the truth will go a long way towards your protection from legal and physical attack. Remaining in the shadows is actually dangerous.
Best of luck!
First of many. We can only hope.
Great letter. Soon to be ignored by the CFTC.
Zoltan
Kudos to Doc for the scoop and to "Whistleblower" for making a stand. Hopefully this will spark others to step forward. I fully appreciate the weight of the decision to go public against a TBTF. However, for this statement to gain any traction this person must use their real name. As it stands, it could be another Wynter Benton.
I'm sure the Anon knows this and is proceeding cautiously which I can only respect. Obtaining legal representation first sounds like a good idea. I must admit that the thought of having insiders speak out was not a scenario I've considered. This piece gives me hope.
Good luck and thank you.
If the person doesn't stand up and get recognized as someone who's actually an employee, the letter is worthless. It could have be written by anyone who's got a score to settle with JPM, and can't be substantiated without the writer coming forward in person. The authorities will not investigate a huge company like JPM on something like this because they are in bed with the bastards. Unless the person comes forward, in the main stream press, they will do nothing.
SD,
Your webpage is generating this error, as reported by my browser. This may be what is causing the extreme slowdown.
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I don't like JPM, but this "whistleblower" smells like a fraud. You guys are being played by a prankster.
Well, he is probably playing it safe for now and waiting for representation..... Remember what happened to Andrew McGuire?
Not much will happen. If I were this person, I would not say anything further.
We have become a country where truth is despised and those that come forward are crucified.
Who will protect this person? The law? What a joke. The law no longer exists. Judges are corrupted just the same as anyone else.
Call me cynical. I have been in the business for too long. There is no such thing as an honest man. Why? Because s/he is scorned or murdered or outcast. If they don't kill him/her, then the person will be set up for a major fall, complete with corroborated evidence.
The only way this will have a good ending is for many more to come forward. I hope they do. I long for the day where honesty is rewarded.
Ordinary Joe
This guy is putting his life at risk.
This employee must be careful in becoming a whistle blower Another employee, Mark Mensack of Morgan Stanley, was found guilty by FINRA. He accused MS of double dipping into retirees 401Ks
He asked for the audio documentation and was told by the judicial authority that despite the fact that important documentation was missing, ie 8 out of 18 hours of testimony, the judgement against him would stand. The verdict was $1,200,000 against him and his family. This was noted ZH less than 1 week ago.
As this newest story is disclosed, Doc needs to dust off a place on the mantle for a Pulitzer
Damning for JPM at best? What's the worst for them?
This thing is a ruse. As such, the CFTC will proclaim it so and disregard.
What's the worst for them? Oh that just the entire public scrutiny bears down on them tomorrow and their market cap loses $15 billion in a matter of 15 trading minutes.... Mass layoffs at the executive level and restructuring that could create a domino effect, that could play well for PMs.....Time to stack.
This would also be a nut shot uppercut to Dimon's dividend and share repurchase he made yesterday.
If this is a true Whistleblower, then I would suggest that they will achieve much more attention with solid data and solid specific information of wrong-doing. There is nothing in this letter that is not already theorized about [in great detail] in the PM blogosphere.
I would really like to see some specific data and naming of names, dates, trades, etc. Without that, this is little more than speculation. Sorry - would truly like to see this as a scathing attack to JPM - Sadly, I don't think it is.
WELL, lets believe in MAYAS...the 2012 will be the year when all lies will show up...and all trues will show up too...
Hope this guy is one of many events that will happen this year 2012...if all that happen...
Hope is the last thing we can loose...
We shall see... We shall see...
Way to just like the guy from Goldman Greg Smith, he has no bark just a big fucking bite and balls. I see this going nowhere sorry DOC love the site, but this clown has not thought this through......if it is not some reader sending you up the Nile
if this is real. then i have some questions as to who DOC really is.. (not insinuating anything negative).. if he fears for his safety as i would.. if this is true then that means we have criminals with everything to lose.. with the means to make you shut up being threatened.
in short. im not sold just yet. but im still in the market for some answers.
- runlevel
oh this is real alright...Mr. Diamond,,like I said...."soon" start crapping those pants cause the hammer is on it's way.
your boy Sheldan Nidle
Hang the Bastards!!!
Trading Physical Silver - PART II
http://chasvoice.blogspot.com/2012/03/trading-physical-silver-part-ii.html
Hey Crazy canuck... What about using a Virtual Private Network?
Although I don't doubt the basic theme of the story, the author's relationship to JPM just doesn't ring true.
This shows me nothing. Says nothing. Blowhard. If this guy wants to make a difference, he should start broadcasting JPM's secret short moves ahead of time for the market to have notice and to react, just as Maquire did with the CFTC March of 2010. situate his info as to allow everyone to cash in on JPMs criminal manipulation, which would stop JPM cold. Stop. JPM. Cold. Show me a pair of balls, Ace. Otherwise, you go down in history as a scumbag just like your bosses. You'll get no respect here, until your money's where your mouth is.
Anon 23Skidoo
Come on silver stackers ............ GET A GRIP!
Stop being played so easily.
This is a banal fraud.
Post it to reddit. do an IAMA.
You to can invest in the greatest precious metal ever and get treated like a child. That's how it feels if you really think I'm going to believe this shit. The guy must have had to do a lot of research to find whose behind the manipulation. Or not, it's the swamp villain blythe masters. Who'd of thunk it. Just reading what he wrote like, "hard working middle class, investing in gold and silver." Tells me he's either a saint employed as a banker, that's not probable or he's playcating to the same group of metal investors who routinely get spam there way. This is spam. Same with wyntor benton the kwn connection in london. I'm not a fool.
T
Give em hell! I think jpm is finished. The way Jamie dimon announced the stress tests results early and raised the dividend - seems like BS.
This reeks of bullshit. No way THIS is what takes down the Morgue.
Trolls are out in full force. Just like when the Doc put up the netdania charts that were supposedly bogus according to the trolls. I agree 12:14, I doubt this will take down JP, but out of the thousands of employees...is it really surprising that one individual has a little knowledge of what is going on in the inside. Isnt that what the post was all about...an insider stepping forwarding and taking a stand?
SmellingRoses
This alone won't take down a company with 200 years of history and 260,000 employees. What will take down JPM will be the collective force of 'we the people'.
1. More employees stepping forward
2. CFTC/Congress coming forward
3. Pending litigation
4. Your acquisition of PMs
5. Europe crumbling
6. MF Global investigation
7. US Dollar collapsing
8. etc,(you see the picture)
Only can we together, through our collective actions force an evil co-conspirator out of their strong-man position. No one is invincible. JPM and the likes of GS have been built on a foundation of miry clay and iron. They will shatter and fall hard my friends. In the meantime, keep buying the dips. This letter is a small piece to a massive puzzle that is ready to trigger an avalanche of chaotic snow.
No smelling roses, a person who doesn't believe this story isn't a troll. You should be careful using that word so frequently it will give it a watered down effect. I've noticed a lot of b.s. sent the silver investors way from the shanghai exchange to the new one there going to start up. I want the truth and if you're going to risk at the minimum, your job and write to the cftc then you better have facts, names and data. And since you're going to be a whistle blower if you don't have that information you find ways to get it. The cftc will probably put this letter right next to the tens of thousands of letters that were sent in claiming basically the exact same thing.
T
Ist Whistleblower. A couple of questions.
We are really concerned about OPSEC since some of us have large stacks Many are also preppers so we appreciate keeping ourselves out of the limelight. We do have real concerns and some fear of disclosing too much.
1. How many in JPM and similar firms are like minded?
2. Have you contacted Greg Smith of GS after his NYT disclosures.
3. Do you have a time line for more disclosure?
If these are too specific or reveal too much that's fine.
I believe what you are reporting and have some first rate intel on JPM. We look forward to hearing more from you. Stay safe and watch your back. From what we have heard Dimon is very dangerous.
Getting a lawyer (a member of the BAR Assn.) would
be a HUGE MISTAKE!!
This guy should surround himself with his friends and personal connections.........if he knows a local cop, maybe.
Some neighborhood bodyguards, for sure.
He should protect his own life and wealth, period.
Buy more silver!
Any attempts to use the current system for personal
justice will fail. Conspirator money is still in control.
Best of luck and bona fortuna to this ethical individual.
PSilver
OK, for fun I'll bite and assume it's legit...
I agree with 23Skidoo completely. You've covered your ass - now show some balls and let's see the nitty gritty realtime for guaranteed results.
And buddy, ask Maguire if you won't take it from me, but make sure you look both ways before crossing the street!!!
Was this a fraudian slip?
"As regulators OF the free people of this country, I ask you to uphold the most important job in the world right now."
Shouldn't it read: As regulator for the free people ... ?
This is lovely post.
Keep it up...
I agree with the gentleman who recommended that the testifier quietly gather people who can protect him.
It is better to limit your risk and to limit your exposure. You are in significant risk and jeopardy due to your position and what they are asking you to do.
Here's my advice:
1. Take no advice from anyone. Do what serves your family and you best. That may mean changing jobs, changing cities, and changing finances. So what?
2. You are being asked to lie. You are clearly unwilling to do so. That is noble and good, but do not believe any lawyer can defend your interests. They will not. Any lawyer you speak with will likely have other deals going. He or they may have pre-existing arrangements with JPMC or related firms. You will be laying out your case for the legal community in your area. They leak like a net. Do not get involved with a lawyer unless it is family and you are extremely confident. However, a protracted fight will cost you health, wealth, and time. None of those return.
lastly, I speak from personal experience in fighting the good fight.
It is better to have you alive and providing for you, your family, and your community.
God's blessing to you. You are in my prayers.
"1st Whistleblower of Many" don't work for jpm. He lives in Mom's basement. He does not blow whistles, but is a blowhard. He does not 'have the facts', but has read lots of Silverdoc and now think he knows the facts.
That is all.
I had drafted a whistleblowing expose like this last summer that was similar, just to see if I could pull a wynter benton and influence the price of silver. Then I realized that would be illegal. Anyway, I hope more people will join me in calling bullshit here, since otherwise, I'm going to have to rethink whether silver can possibly be a good investment when so many gullible wishful thinking dum dums are part of the community.
Wow, a record number of trolls coming out of the woodwork. Obviously the posted information is true, forcing trolls to take a last ditch effort to discredit!
I am also noticing various threats through innuendo being suggested by several posters. They are getting desperate Doc.
I too am having a terrible time with your site it's the slowest on the web and painful to load, you must have a scripting error somewhere which is a shame it took 3 mins to scroll down to the comment box. As for the whistleblower he sounds like a high school libertarian with all the usual in stock phrases. I doubt this is genuine
Good God, precious metal news is more exciting than any bullshit Michael Bay movie.
I don't think it will be of any use. CFTC director already admitted that there is a single player with >30% position in silver market for a few years and yet they can't do anything about it. He told CNBC Wall street is suing CFTC to prevent them from implementing the speculative position limit. This will darg foreever until no one can remember
For near bulletproof email security, burn a copy of Tails Linux, and use Countermail.
Fuck you JPMorque. Burn motherf*cker, burn...
If you want to be a "whistle-blower" and come out into the open you must have a life that has been totally squeaky-clean.
How many people can say that?
Whistle blower....STOP! do not reply to anyone else on this blog. stop!
You gave up enough info already including your age.
Stop!
Crazy Canuck
"I will be contacting a lawyer shortly about this matter ..."
We'll see ...
Whistleblowing to the CFTC is a bit like the folks who asked Stalin for help in finding their missing relatives.
Our society is presently too corrupt.
This "whistleblower" needs to come out with his evidence.
Otherwise it's just hot air.
Then if he does, he knows that the full force of the corrupt system will try to ruin him.
He's in a tough spot...then again, we all are.
We're prone to believe him, but will the Sheeple ?
And after they hear it....will they even care ?
Guys I am a stacker but I am struggling with this web site anyone who slightly disagrees or questions this site is called a troll. I personally would love to believe this post but it does sound a bit to convenient .
You are not a stacker....You are a troll!
if something seems too good to be true it probably is. I'm still sceptical but of course not placing 100% trust in doc means I'm a troll.
Troll or not this letter without an author is utterly meaningless.
If this is on the up and up, THIS GUY IS WALKING DEAD!! Chilton and co are OWNED by jp and co, and jp allready has this guys name. YOU CAN STACK THAT!! Remember that guy who testified before congress ABOUT THE GOLD AND SILVER MANIPULATION??????? Remember that "accident" he had??? Hit and run they called it. NO rule of law, unless its a law WE have to follow!!!!
This article is SPOT-ON and you trolls know it!!! Please find another line of work. Is your life so pathetic that you can't find another way to spend your time! It is easy to read through your phraseology and hidden agendas. It doesn't take much intelligence to see it.
Forgot 1 point. HEY WHISLTE BLOWER, GO public NOW, make a video SHOWING PROOF and distribute all over the web, go on as many radio shows as you can. If you do not do these things, you might end up hangin with the dc madame, and that robosigner whistle blower down in vegas!!
Trolls exist people, below is a list of troll tactics and a link:
Negative reinforcement
•Anger
•Character assassination
•Crying
•Emotional blackmail
•Fear mongering
•Frowning
•Glaring
•Guilt trip
•Inattention
•Intimidation
•Nagging
•Nit-picking criticism
•Passive aggression
•Punishment
•Relational aggression
•Shaming
•Silent treatment (blanking)
•Sulking
•Swearing
•Threats
•Victim blaming
•Victim playing
•Yelling
http://thisbluemarble.com/showthread.php?t=29361
Psychological manipulation. Foreknowledge is forearmed.
Legitimate discussion - about facts we know (which are thin), supposition on what we don't know.
Anything else such as insults, abuse, belittling is either from "trolls" who don't count or messed up individuals we should have nothing to do with.
If this individual has first hand proof, ie. documents, he should just make them public, if not then he has no case to make.
MrG
Hey "trolls", listen. Please don't blame the regulars for being cynical about negative comments... this site didn't use to be so hostile but lately everytime Doc posts an article the first comments are always negative drivel, followed up the same person(s) posting even more drivel at one minute intervals. The people who have been on this site for a while are right to be on the lookout for paid shills and trolls.
That being said, I hope the Doc vetted this person pretty well. Personally, it seems like this is a bit of a half-a**ed whistleblowing, and if it is real they are trying to keep their job. Maybe he's just trying to work at JPM long to get the CFTC what they ask for (useless btw) or something like that.
Lets tone down the arguing and focus on the facts though guys
Peace
Whistle Blower1 starts his expose off with:
"I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions."
He also claims to have connections as well as being informed about the silver manipulation activities and the CFTC's sordid history in regards to "investigating" it.
Therefore, why bother addressing this to the CFTC when he already knows that the CFTC is "captured"?
not becoming a doc sheeple means you're a troll, so sad. What has this site come to?
Most "trolls" are just asking for positive proof, something other than an entertaining story. But for doc sheeple the docs word is all they need to start flaming away.
A troll by any other name, would smell like shit!
OR...How much is the cartel paying you to post??
Do you get paid by the word, or number of postings per day?
Everyone reading this page should write the CFTC and complain of the manipulation of silver and gold markets.
FYI, this URL prevented this page from completely loading...
Thanks for posting Doc
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Timestamp: Thu, 15 Mar 2012 13:44:12 UTC
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Wow, I've never seen the visitor count move so much while I was in the midst of reading an article!
Do you guys give any credence to the webbots and others that have said big things will go down between about now and the end of the month?
Apparently this upcoming ISDA auction on March 19 has the potential for problems:
http://articles.businessinsider.com/2012-03-09/markets/31138709_1_credit-default-greece-investors
This is the first "developed" market default in 60 years!
Let's see what news diversions the PTB can come up with for Monday, would be hard to top the one they came up with for the Fukushima one year anniversary.
Popcorn anyone?
MrG
Article without author's name is utterly meaningless? SilverDoctors.com with the Doc at the helm is anonymous...does that make his work not valid lol. Hopefully this insider is able to penetrate some reports an get some solid evidence to provide. It looks like he sent Doc a balance sheet of some sort...but I am sure everyone has access to that, right?
I love the smell of trollshit in the morning.
Thank you for taking your stand, Whistleblower. I suggest contacting Alex Jones at InfoWars and blowing this wide open. I think you'd be well-received and Alex is very familiar with the kleptocrats you work for and how dangerous staying anonymous can be (ref. D.C. Madam). I'm among those concerned for your safety and hope you can persist in your fight and protect yourself and your loved ones. You might also want to try to get in touch with Nomi Prinz. All the best. In the meantime, you might want to start using hand-written letters sent US Mail as absolutely everything else is run through Echelon and God knows what else. Probably too late on that front, but what happens probably depends on how much attention your story gets. I would advise avoiding the "mainstream" media. Alex regularly gets stories on Drudge. That'll do.
I am SICK AND TIRED of the all the naysayer experts on here posting in ANONYMOUS.. you jerk opffs want to call this guy a ruse or what ever, at least have the balls to post under your screne name or get one. You assholes have just as much integrity with your naysayer posts as this guy does with this info.. I get so sick and tired of the bullshit trolls..
Is wikileaks still working?
Man Silver bugs will believe in anything.
@9:12 AM Couldn't agree more. Anyone can come up with this story, I've been investing in silver for years and every once in a while you hear this is the smoking gun but nothing happens.
"...I'm going to have to rethink whether silver can possibly be a good investment when so many gullible wishful thinking dum dums are part of the community."
Who is more gullible? Those who all of their lives have put their faith and trust in debt-based fiat paper 'money' (and the institutions that create and control it)? Or those who understand history and are stacking physical silver and gold (and separating themselves from the collapsing financial system)?
Whether a person thinks silver and gold are good investments or not does not mean a thing. Silver and Gold have intrinsic value that makes them good investments regardless of what any one individual thinks. Gold and Silver have stood the test of time as money.
so much hate on naysayers, can't take the reality that facts are needed for such a large claim? And with no facts there is no credibility? I'm hoping the facts come, but while I wait I am using my head and not buying into rumors and for this I am a paid troll? classic sheeple attitude
Not 100% with us? must be against us
Are the doc sheeples going to accuse zerohedge of being a paid troll?
http://www.zerohedge.com/news/jpm-metals-whistleblower-letter-complete-fraud-or-just-total-mockery
No further comment necessary:
Is JPM Metals "Whistleblower" Letter A Complete Fraud Or Just A Total Mockery?
http://www.zerohedge.com/news/jpm-metals-whistleblower-letter-complete-fraud-or-just-total-mockery
That this site is being monitored by TPTB is not in question. You can almost distinguish between the shills and the occasional troll. The number of negative comments tend to validate the post as most of the commentors are strong in silver and already know this information.
I agree with Crazy Canuck. Whistleblower, just read this site, do not post anything else in the comments section that might aid in identifying you.
Al
oooohhh.....here he comes to save the day..." Mr. Diamond ...Mr. Diamond....MR.DIAMMMMMond....
MY Hero ....Big Mr. D
"Not 100% with us? must be against us."
No, that is a line reserved for the Supreme Leaders and Commanders of America (who, by the way, are under total control of the cartel and the 'money masters').
In other news, oil charts have just experienced a 'waterfall' moment a-la silver price smash-down style. It seems the cartel is attempting to do to oil what they've done so much of to silver. If only they realized: all they need to do is to stop printing more fiat debt-money!!!
@March 15, 2012 10:34 AM
Without an IP address, playing identify that user on a public forum is an asymmetric game. :) Unless of course you are a registered user.
Anyways, read this last night. Have my doubts. It is way too general, like an amalgamation of points we have read all over the net. Documents can be forged or made up and if it is proprietary company information I doubt they would cough it up for the public to see. We've had a couple publicly outspoken fakes... the last one I recall was that "trader" who came out on BBC News telling people everything is a scam. Turned out he wasn't really a trader, maybe a few small positions, but someone who sometimes works as a hired speaker for other companies.
That being said, best of luck with this release - it definitely would be of interest if proven true.
- JJ83
Dear First Whistleblower of Many,
Thank you so much!! I sincerely honour your courage on behalf of the millions of people who have suffered under financial oppression for so long.
You can sleep easy at night, knowing that what you are doing is RIGHT. Please use this opportunity to the maximum. Go as public as you can. Get on King World News and yell your story.
You are doing an invaluable service to humanity.
I salute you,
John
Whistleblower,
Be warned, the use of 'b/c' instead of 'because' is quite unusual. Also, you have now given your age. TPTB only need to audit company records and company emails to narrow you down to one in a few thousand. My advice is to go to the press. The regulators and the law won't help you.
I'm going to take you at face value and wish you the best of luck.
Teresa
"...the central planners, they are fighting for their lives."
--Commentary on King World News
This is the only thing that anyone needs to know, to understand the increasing 'volatility' in the daily gold and silver spot prices. (And why the Greek default will never be openly called a default.)
Anonymity is the lifeblood of the internet. Don't diss people for being Anonymous. Your vague pseudonym is no more forthcoming.
Just because JPM has a large short position does not mean that they are manipulating prices. Can't JPM bet that prices are going to go down? If JPM had a large long position in silver would everyone be screaming "price manipulation!"? I bet not.
This "employee" if he even is one, is probably looking for his 15 minutes of fame and has absolutely nothing but hearsay as far as manipulation is concerned.
Nothing to see here folks. Just move along.
I'm betting there is going to be more to this story in the coming weeks. Move along now 12:32 pm., but be prepared for more!
This is so full of shit it's funny. There is absolutely no details. No emails, no phone recordings, no paper trail, therefore it has NO VALUE. Move the fuck on.
"Just because JPM has a large short position does not mean that they are manipulating prices. Can't JPM bet that prices are going to go down? If JPM had a large long position in silver would everyone be screaming "price manipulation!"? I bet not."
Paid Shill: When you own over 25% of the worlds short COMEX contracts, then you are affecting/manipulating the price structure and price discovery processes, moron...
if you aren't a believer in the doc then you will be name called and accused of working for the bad guys. What a great community
"if you aren't a believer in the doc then you will be name called and accused of working for the bad guys. What a great community"
No, just make sure the arguments are based on reasoned statements, not name-calling or generalities and opinions that are designed to instill doubt or uncertainty, or otherwise an emotional response from others.
Arguments and counter-arguments is how more people can learn, not by name-calling and emotional outbursts...
Let's talk about why Bush Sr's real name is Scherff, and forget about all these distractions.
http://www.proliberty.com/observer/20070405.htm
Total great post DOC. If true, great. If not, no harm done as sometimes the first stories are either proven or not proven. At least the word gets out and we are ready for any situation. Please.... continue your reporting and as events occur and progress keep updating.
2 OZ.
Whiskey Six is a paid shill.
Sorry 2 OZ, there will and has been harm done to this sites credibility if this story turns out false.
Doc should've got some facts or something before posting this story where as it stands, anyone could've wrote. That would've shut up all the trolls and given doc huge gain in credibility.
Poor Doc, called a fool on Zerohedge, kind of sad. Doc, you are great, we love you, but did you ask ur whistle-boy why he didn't also post to Zerohedge, bloomberg, cnn?
Greg Smith and whistle-boy BOTH TOLD US SHIT WE ALREADY KNOW! Seems to me the difference between Greg Smith and whistle-boy is that Greg gave his name, history, title, and then renounced said title WHEN HE QUIT IN DISGUST. Also, he assured that his whistle-blowing piece would be SEEN BY ALL when it appeared in WSJ...!
I have respect for Greg Smith, I don't doubt whistle boys facts, I doubt he exists as a JPM employee.... but what do I know I'm just a troll*....
*troll w/ a big stack... who can only dream of being a "paid troll"
The whistle-blower gave me his name, I researched him, and appears to be a legitimate JPM employee. He asked that I not disclose personal information as he fears for his safety.
Ultimately, silver and gold's values do not depend on the credibility of any person. They have merit on their own.
Also, while many will claim the posted message to CFTC appears 'fake' at first glance, the most important thing to remember is that no one is arguing that the content of the message is untrue. People are only saying that the information is readily available from a 'little' research. If that is the case, it must mean that most people already believe JPM is guilty of manipulating the silver and gold markets. And if so, why have the so-called 'authorities' (CFTC) done nothing about it?
yup.....Mr. Diamond,,,get the cleaner ready...
DOC... he fears for his safety but gave his information to a guy who runs a website willy nilly?
Doc im starting to grow concerned, iether you do not realize you are being trolled or you are part of the troll in some elaborate JPM troll. i kinda think its more that you dont realize youre being trolled.
i hope im wrong.
- runlevel
Runlevel, and all of you guys, get a grip. Most "trolls" don't go onto a government enforcer's website and publish false information to them.
It's one thing to give the Doc some info, it's quite another to report "I'm an employee of said bank worth 40 billion dollars, and they're committing fraud", because if it is nonsense and the perp is found....he goes to jail. Period.
Do you understand? This is serious. All of you, this is damn serious stuff. We already KNOW they're engaged in fraud, so why is it beyond the pale that some employees there might actually be a human being, and have a conscience?
Doc, this guy was courageous in his actions(I hope he gets legal representation, and quick, because they will find the culprit), and you are equally brave in giving this man a platform with which to break the news in. It's just a shame that instead of fighting the common enemy we all share....now we're cannibalizing each other.
-Cleburne61
lolwut
- runlevel
Get out of here with your dramatic bull shit cleburne. Just because Doc believed this guy doesn't mean it's true. Critical thinking is a lot better than group think. If you read this article and didn't at all have doubts then I got some land to sell you.
T
It's not about group think, it's about understanding the realm we've entered here.
This isn't something dumb like Wynter Benton. WB never went to a regulator and said "prosecute these people, because I'm working for them and the company's engaging in CRIME", Ok?
Now, the regulators are watching this site and all of you guys right now. Believe me, there are probably deep probes into this already. You have no idea the serious nature of what has just happened.
Keep your fictitious land..
-Cleburne61
Signed non-disclosure forms are usually enough to silence the disgruntled.
In the military the 10 year and/or 10k threat keeps folks silent.
To properly rat out your Wall Street future ex-employer, you would need to move a lot of money off-shore, set up an anonymous bearer share account and have a foreign passport in hand.
Will be interesting to see what becomes of Mr. Smith from Goldman.
I need to apologize to you cleburne. You didn't deserve that first sentence. I respect your opinion just as much as anyones on here and you've been coming here a while, so sorry. I'm not going to make excuses.
T
Within the next few weeks you will have the ability to see the big crooks in action, UBS, JPM, Nite, etc, all trying to push a small junior mining company out of business in in a huge short squeeze of Medinah Minerals (MDMN). They have almost 2 Billion NSS on a company with 711 million allocated real shares. The company is about to announce the sale of 85% of their 1508 mining claims in Chile. This is likely going to be the short squeeze of the decade, as the in ground assets are real (not a pump & dumper). The paid stock bashers are all on alert to attack this company with all the dirty tricks they can invent.
Hey Doc- thanks for what you do, and you are doing a hell of a job. If this guy turns out to be a double agent for the dark side, You need to make a kick the diamond game. I really enjoy playing punt the burnyankme(for some reason it brings a big smile to my face everytime I play) I believe you are on their radar now, and you are making a difference. Keep it up brother.
Doc,
If this person actually has evidence of fraudulent activity, additionally, they might consider using a good attorney to file a Qui Tam through the US Attorneys Office Antitrust Division in the district where they work. With this option, they should get prompt attention from the Department of Justice from both a civil and potentially criminal angle and could collect a percentage of any civil recovery. Assistant United States Antitrust Attorneys work very specialized large cases and most are very good at what they do. The goal of the antitrust laws is to protect economic freedom and opportunity by promoting free and fair competition in the marketplace. Federal antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade, such as price-fixing conspiracies, corporate mergers likely to reduce the competitive vigor of particular markets, and predatory acts designed to achieve or maintain monopoly power.
~Concerned US Citizen.
I can't see the f*cking snapshot of assets and liabilities in the trading space!!
Whisleblower needs to contact GBTV, Fox news,Limbaugh,Hannidy,Levin,Drudge Report, GATA, any liberal networks who will listen to him with advice from his lawyer first.
Different topic, but this article should put to rest any of the doubters about silver. The facts are on our side, the other side just has opinions.
http://www.silverbearcafe.com/private/03.12/silveruse.html
T
Anon March 15, 2012 2:30 PM: You wouldn't know a shill if it stabbed you in the face. I'm a physical silver bull all the way, however, after being head faked from here to eternity with psyops wrapped inside COINTELPRO riddles sprinkled with unicorn skittle poo, I require a little more evidence than a feel good story you asswipe. I have no doubt that legitimate whistleblowers (ie: Andrew Maguire) are coming, just need to see much more evidence, and somebody much more HIGHER IN THE FOOD CHAIN that has the real dirt.
If it doesn't load just go to that website and click precious metals.
T
Zerohedge is rethinking their initial reaction to this story and looking into it further. What now trolls!?!
I would like to know what the definition of a troll is. A few of us have been called trolls yet we are super bullish on silver. The reactions to people questioning this whistle blower have been disturbing, to say the least. What is even more disturbing to me is the comment above mine reading on zerohedge about a female whistle blower talking to zerohedge which was completely unrelated to this story and coming to the conclusion it was the fake jpm whistle blower. Zerohedge said all they're going to say about this which they labeled "a fraud or a mockery?" The mentality displayed by you narrow minded, clueless dolts has made me rethink everything. Silver is still the greatest investment on earth I might just stay away from the comments.
T
Hi,
Very good blog post I love your site keep up the great posts......
document protect
This guy tells us how bad JPM is yet still wants to work for them: "I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal" Whatever. Why is he concerned with keeping his job if he stands to reap a huge whistleblower award? Note that the whistleblower protections "also prohibits retaliation by employers against individuals who provide the Commission with information about possible CEA violations."
The following is from http://www.cftc.gov/ucm/groups/publi...011-20423a.pdf
COMMODITY FUTURES TRADING
COMMISSION
17 CFR Part 165
RIN 3038–AD04
Whistleblower Incentives and
Protection
AGENCY: Commodity Futures Trading
Commission (‘‘Commission’’).
ACTION: Final rules.
SUMMARY: The Commission is adopting Final Rules and new forms to implement Section 23 of the Commodity Exchange Act (‘‘CEA’’ or ‘‘Act’’) entitled ‘‘Commodity Whistleblower Incentives and Protection.’’ The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted on July 21, 2010 (‘‘Dodd-Frank Act’’), established a whistleblower program that requires the Commission to pay an award, under regulations prescribed by the Commission and subject to certain limitations, to eligible whistleblowers who voluntarily provide the Commission with original information about a violation of the CEA that leads to the successful enforcement of a covered judicial or administrative action, or a related action. The Dodd-
Frank Act also prohibits retaliation by employers against individuals who provide the Commission with information about possible CEA violations.
Walk in the street and get run over by a truck. This guy is terrified.
2 OZ.
ANON 2:30:
By the way, no harm done to the DOC's site. Check out the number of hits. Not political correctness here. Highly moral, great values and information to the highest degree by the DOC, Bull and posting visitors.
My opinion: The DOC probably feels the service provided here will benefit all that reads. Nothing wrong with getting a report out as important as this. Better to be prepared for a tornado, head to the basement and it miss the house rather than not believe the warning and end up somewhere besides Kansas.
Go to CBS or CNN or some other mainstream media. Surely you'll get the truth. LOL.
Good work DOC.
2 OZ.
I stand corrected zerohedge says they are rethinking this story. And that there may be more to it. To bad they didn't say what that is, just saying to stay tuned. If it's a legit story I will be very relieved and happy for Doc.
T
Hey T,
A lot of people here comment before they read a full article. I'm guilty of it myself. I did it last week but came back and apologized. Keep posting as I enjoy your comments and analysis. Remember, there's a lot of new people just getting into silver and may not even know what a troll is. So, heads up and keep posting.
2 OZ.
Can anyone see the snapshot of assets and liabilities in the trading space???
It doesn't load on my computer.
T, apology accepted. I definitely welcome discussion and even debate from others, we're all on the same side here. Let's work together against these guys.
-Cleburne61
Thanks 2 oz and cleburne. I'm not going away. But I'd really appreciate if you guys would give a look at that article link I posted. I've read a lot of silver articles and this one is strictly on the uses of silver. All the things silver is used in is mind blowing to the extreme. I thought I knew but I had no idea just how many different uses silver has. They didn't even list them all because they said they'd have to write a book. It's a miracle metal for sure. Take care guys, we are on the same side for sure.
T
Man this sight has blown up huge!! SiLver baby SilVER......
Doctor Jamin
I am a new stacker and prepper. All the info is overwhelming to me. I am a member of Mensa and can not for the life of me come to terms with the manipulation game. Is there a tutorial to terms such as shorts, longs, puts and the other tricks used in manipulation. Any help would be appreciated. As to the whistleblower, if you're real, good luck and Gods protection.
Everyone should write to the CFTC and complain about market manipulation.........they need to get hundreds of complaints
Thanks for the advice PSilver, I do have a cop that lives near me whom I can trust.
I just checked the CFTC site and they have taken my comment down :/...
-FWoM
FWoM
Go to CFTC and look for the tips section......you can send a confidential tip to the enforcement section
ANON 1:44. There's a lot to learn from all the posters here. I'll see if we can answer a lot of your question soon. For now, I have to sign off for a few days (family reasons). Keep posting and asking questions and give whatever advice you may have. I think you'll find people here are willing to share a tremendous amount of information with you. Such a great site.
2 OZ.
Oh come on. Is anyone really buying this?
ANON 11:04 PM
a JP Morgan employee........hahaha
Hrrrmmm looks like the statement has been removed from the CFTC website, can someone confirm ?
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