GREY:NEVDQ - Post by User
Comment by
thomsonion Nov 21, 2014 1:17pm
151 Views
Post# 23152670
RE:Other comments
RE:Other commentsIf you review the Senate Report, you will see that JPMorgan has aggressively accumulated physical copper....which the Federal Reserve now counts as "bullion"..... Recap of the Week’s Most Important Developments: 1. Some of the major Wall Street banks have become the owners of aluminum, natural gas and several other physical commodities, thereby, making the financial stability of the U.S. economy more vulnerable. This was the basic finding of the Senate Permanent Subcommittee on Investigations that began probe around two years ago. The Senate report specifically mentions JPMorgan, Morgan Stanley (MS) and The Goldman Sachs Group, Inc. (GS) as the companies that amassed huge stakes in the commodity market, thereby changing its dynamics. This allowed the banks to trade in uranium, operate coal mines and metal ware houses, run oil and gas pipelines, and hoard copper and other metals.