Comment Text:
10-005
COMMENT
CL-00839
From:
Sent:
To:
Subject:
[email protected]
Monday, April 12, 2010 4:56 AM
Metals Hearing
March 25th Hearing
Gentlemen:
First of all let me say thank you for scheduling the hearing this past March 25th. It was gratifying to see
that those with evidence of aberrations in the metals markets by certain parties are being heard in a
public forum.
My main request is this: Please live up to your responsibilities and vigorously investigate
the many accusations and evidence of market manipulation by the the likes of Goldman Sachs,
HSBC, JP Morgan Chase, and others. Please seek out the help of competent advisers in such
investigations.
I urge you to consider the seriousness of your oaths as public officials, sworn before God, to carry
our your public duty(s) in accord with the law.
From the CFTC website: MISSION & RESPONSIBILITIES:
"The CFTC's mission is to protect market users and the public from fraud, manipulation,
and abusive practices related to the sale of commodi~, and financial futures and options,
and to foster open, competitive, and financially sound futures and option markets."
I firmly believe that you are interested in carrying out that Mission Statement. Yet I am puzzled because
evidence of manipulation is all around us. Many fine minds have been meticulously coming public
records and market action, which raise serious questions about fraud and monopolies.
By failing to investigate vigorously and shut down, FINE and JAIL MANIPULATORS, the CFTC
may, in effect, be contributing to "fraud, manipulation, and abusive practices" rather than preventing it.
It is a well established fact, dating back to at least Alan Greenspan's testimony before Congress (1999?),
that he let it be known that the FED "stood ready to lease gold should the price of gold rise."
There can only be one fundamental reason for such action, and that is to manipulate the
'barometer' (gold
and also silver) of fiat currency health, to mislead the public into believing that the fiat, corporate,
banking
system is well and is able to preserve wealth. This action is unlawful, as well as illegal. Yet, clear and
present evidence of such unlawful manipulation goes on.
I believe that an 'unconnected' organization would long ago have been investigated, sanctioned, and its
conspirators
iailed. JP Morgan Chase, HSBC, and Goldman Sachs and others have all left abundant evidence of
complicity.
Why are you waiting to launch an aggressive forensic investigation? The evidence is strewn across the
markets
like rail cars after a train wreck. Not only is the evidence strewn in front of you, the smell of the
disaster is everywhere in inflated prices and destroyed wealth and precious metals prices far below the
comparative
value to other commodities.10-005
COMMENT
CL-00839
Please live up to your responsibilities and vigorously investigate the many accusations and
evidence of market manipulation by the the likes of Goldman Sachs, HSBC, JP Morgan Chase,
and others. Please seek
out competent advisers in such investigations.
Sincerely,
George-Andrew: Saffas, a Californian
