Martin Armstrong knows too much....the manipulation of Silver and a whole lot more...
Armstrong had one friend who wasn't afraid to call it as he saw it.
Posted one time at Kitco.
Just once!
Date, Jan 05, 2000, 04:24
I was always amazed that it came as it did and explained so much.
Notice the AIG comments and maybe NOW the amount of money going into there makes sense.
Now you know why AIG gets all the money it has.
Because they are giving it to the banksters like jpm and gs and boa and citi.
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Date: Wed Jan 05 2000 04:24
GoldBird1a (Armstrong-Republic-manipulations) ID#396247:
Copyright © 1999 GoldBird1a/Kitco Inc. All rights reserved
Whilst I have read a lot on this site about Armstrong and his supposed short gold position etc etc etc. I just thought everyone should know that it is all BS. I have worked insided Republic Bank and quite frankly the whole thing stinks of a major set-up intended to frame Armstrong big time. Armstrong was right about the manipulation of silver and a whole lot more . Not only was silver manipulated, they do it all the time. If you want to know the truth, it was Republic who has been behind almost every manipulation I know of for at least the last 10 years, I've seen it first hand. Buffet is not lilly white and this silver purchase of his was not the first. The manipulation by PhiBro in 1995 when they exercised the call options way out of the money was executed by Andy Heck who now works for Republic. The CFTC went to PhiBro demanding to know who the client was behind the trade and they refused to give up the name. The CFTC did not do their job as usual and just walked away demanding that they exit the trade. PhiBro was owned by Soloman Bros and the authorization to squeeze silver was given personally by Buffet. Does anyone really think that a small sub like PhiBro could do a $1 billion trade without board approval from above? It doesn't end there. Bribes were paid to Russian officials to "recall" platinum so it could be inventoried. Republic helped Tiger corner the market in palladium and stored it for them just like they moved the silver from NY to London for Buffet. This thing even goes back to the manipulation of the US Treas Auctions. The gov't boys are so stupid, when they threatened to take the license away from Soloman Bros, Buffet came to the rescue. Ha! He was behind that trade as well and his name was concealed then as always. Then that trader left and started LTCM and had a real merry old time. Look at who his investors were! Just before it blew up, Buffet agreed to bailout that operation and wrote a letter stating that if his offer was ever revealed, it would be void. That letter was published in the WSJ because it blew up before Buffet could put the deal to bed.
The point is, Armstrong was trying to fight the crowd. He knew what was going on and the word inside the bank was that he might even have tapes of converstions between a lot of the players. Everyone is really worried about that for sure. These guys take the market up, get all you suckers believing the rally is real and then slam it again. How do you think they make their billions? They don't care about bull markets. They shag the markets to make their billions off of the people who don't have a clue. They rotate between the markets. All the same names were on the short-side in copper. Sumitomo tried to fight these guys. They baited the Japanese into the trades offering them untold credit. They then would short copper against them. Sumitomo tried to defend their position and ended up buying the entire inventory. When they had Sumitomo loaded, they ran to the authorities and did them in calling it a manipulation. They made a fortune on that short trade. To add insult to injury, Sumitomo ran to Goldman Sacks for help, Goldman started selling thousands of contracts in copper that day and then accepted the work out the following day after front-running their own client. Jimmy Goldsmith was involved in this one as well as Safra, Tiger and a host of others. They amazingly are all on the right side of everyone of these trades.
Hell - bribes were even paid to bank officials at the Central Bank of Thailand to start the Asian Crisis! That was the evidence the Japanese took to the G7 meeting and demanded controls against the organized hedge funds. The US gov't refused to do anything against the group of players because this thing is so dirty nobody wants the truth out there. They told the Japs they would agree to sanctions only. That's why Armstrong is being served up as the Xmas turkey. Quite frankly, he knows too much.
Safra was paying bribes to people inside the IMF as well. They all thought they had the IMF in their pocket. That's why they all invested so much into Russia. They even set up Bank of New York on behalf of a rival group of thugs in Russia and because Republic hates Bank of New York because they are not part of the club.
These markets are never going to breakout until someone breaks up this organized mob of billionaires. The gov't is either too stupid or they are involved with them ==== a high probability! After all, Armstrong had a $1 billion credit line in the bank and everyone knew it. Suddenly, his credit line was pulled and Republic took $500 million of his clients money pretending it was never there. That order came from good old Mr. Safra himself and was carried out by George Wendler personally. And if anyone believes that story about Safra's death, I guess they believe in Santa Claus and a few other sudden deaths when the heat got turned up. If Armstrong or his clients got Safra on the stand, the whole thing could have unravelled. His bodyguard was changed just after this affair started. You fill in the blanks.
Armstrong was never short 700 tons of gold. In fact, to get the silver manipulation going, Armstrong was out of the country and they ran their orders through Republic to make everyone think it was Armstrong covering short positions he never had. The records are all there!
All this stuff is on tapes, docs and emails. The question is, will the gov't go along with the big boys and cover everything up again? If so, they say already Armstrong won't make it to trial. They cannot afford an open trial with everything Armstrong knows. He probably knows far more than what has been written here. They just can't afford for the world to know how rigged this game truly is and how these billionaires really make their money at the expense of everyone else.
That's the real story. Take it for what it's worth.
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Armstrong jail sentence....
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