At what point do the people of 'murica pushback on this?
The markets have all been rigged since Alan Greenspan wrote the computer programs in the late 60's and early 70's.
A fiat currency cannot survive without central planning keeping all the plates spinning on the sticks.
With a little monkeywrenching, they will likely drop them all.
The justice I seek is to see them given the same treatment we would get.
How long do you think you would stay on the streets if your laptop had been given to the fbi with criminal evidence on it?
And, how many times do the bankster oligarchies get to rob us of trillions while we live under bridges or on the charity of family?
It is a question, you have to determine the answer for you, and that is about how much tyranny we will have.
Support your local blacbloc!
The case against JPMorgan Chase for manipulating precious-metals and Treasury markets has many of the usual features.
On September 29th it admitted to wrongdoing in relation to the actions of employees who, authorities claim, fraudulently rigged markets tens of thousands of times in 2008–16.
The bank agreed to pay $920m to settle various probes by regulators and law enforcement.
Some of the traders involved face criminal charges.
If convicted, they are likely to spend time in jail.
The traders are alleged to have used “spoofing”, a ruse where a marketmaker seeking to buy or sell an asset, like gold or a bond, places a series of phoney orders on the opposite side of the market in order to confuse other market participants and move the price in his favour.
A trader trying to sell gold, for instance, might place a series of buy orders, creating the illusion of demand.
This dupes others into pushing prices higher, permitting the trader to sell at an elevated price.
Once accomplished, the trader cancels his fake orders.
The practice was explicitly outlawed in America in 2010, but the rise of algorithmic traders — which rapidly analyse order books to work out where prices might move next — has made it more tempting for human traders to spoof them.
According to prosecutors one JPMorgan trader described the tactic as “a little razzle-dazzle to juke the algos”.
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