Tuesday, March 30, 2010

CFTC Whistleblower interview

Amazing interview, particularly around the 16 minute mark.

"If...a trader..can recognize there are 100 paper ounces of silver for every one ounce of physical metal, it's a huge naked short situation that you can squeeze by shorting the dollar and long silver, they can take and squeeze this market and blow it up. This game is now caught up."

"This is the biggest fraud in the history of the world, it's in the trillions"

Listen to the interview here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203:30:2010.mp3

Update: Jesse (if you don't know him, you should definitely follow his blog here) post this yesterday on the revelations contained in this interview:


Note at night: I have now listened to this tape five times, carefully. It is a bombshell. This has to be dealt with, one way or the other. Bring it out into the light of day, and let the facts be known. This is either the equivalent of the fictionalized testimony on the order of the Salem Witch trials, or one of the most damning accusations of malfeasance in office against quasi-governmental agencies, and probably US officials, since Teapot Dome.
Giving the mainstream media the benefit of the doubt, they are afraid to touch it because it is radioactive. They will wait on the sidelines until something happens. And the strategy seems to be to stonewall, and hope it goes away. The American public is nortoriously fickle and if not reminded of it will move on to the next shiny thing, the next controversy of any type.
But the coverup is always the first mistake of a government in approaching a breaking scandal. But they never seem to learn. You deal with it up front and early. It was not the actual burglary at the Watergate that brought down the government, and took American into its 'long national agony.' It was, and always is, the coverup.

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