Deutsche Bank, HSBC Accused of Silver Fix Manipulation

OWoN: This cloud has no Silver lining because they stole that also.




Bloomberg
By Patricia Hurtado
25 July 2014

Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.

The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.

“The extreme level of secrecy creates an environment that is ripe for manipulation,” according to the complaint. “Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits.”

The lawsuit is the latest to be brought against banks alleging manipulation of a benchmark. Suits have been filed against Deutsche Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix.

Silver Benchmark

“We intend to vigorously defend ourselves against this suit,” Diane Flanagan, a spokeswoman for the Bank of Nova Scotia, said in an e-mail. Juanita Gutierrez, a spokeswoman for HSBC, and Amanda Williams, a representative for Deutsche Bank, declined to comment.

J. Scott Nicholson, a Washington state resident who filed the case, is seeking to represent a class of investors who have bought silver future contracts since Jan. 1, 2007.

The suit includes claims of aiding and abetting manipulation, as well as violation of antitrust laws and the Commodity Exchange Act. Nicholson seeks unspecified damages.

The 117-year-old system of fixing prices for the $5 trillion silver market is set to change next month.

London Silver Market Fixing Ltd. said in May it would stop administering the benchmark, used by everyone from mining companies to central banks to trade or value metal, once Deutsche Bank ends its participation on Aug. 14.

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MH17 Verdict: Real Evidence Points to US-Kiev Cover-up of Failed False Flag

OWoN: Perhaps time for real truth in a world made more cynical by constant lies.




21st Century Wire
Special Report
Updated
25 July 2014

Until this past Monday, the downing of Malaysian Airlines Flight MH17 on July 17th, 2014, was a potential game changer for global geopolitics and the New Cold War. However, a funny thing happened on the way to the Kremlin…

In this report, we will lay out the facts based on a wide breadth of available information and data surrounding MH17. We will also present and give critique to Washington and Kiev’s “mountain of evidence” that has saturated US and European-based media coverage since the incident took place. 21WIRE has compiled this report with the help of many contributors and references from English-speaking media, as well as material translated from Russian and Ukrainian media sources, along with other historical references to provide context. Our objective is to get as close to the truth as possible. Although many revelations will appear to be self-evident, we still encourage the public to draw their own conclusions regarding this pivotal event.

There are other well-known anomalies surrounding this event which have been covered at 21WIRE, as well as connections to MH370, but for the purposes of this investigation we will focus on both factual and speculative evidence brought forth by the US, Ukraine and Russia.

As we will clearly demonstrate, the only wild conspiracy theories being pushed right now, are those coming out of the US State Department, and the government in Kiev, Ukraine, which are being repeated by CNN, BBC, FOX-NewsCorp, ABC, CBS and NBC…

The Brink of War

Last Monday morning was not a pleasant one for the US State Department. Russian officials surprised Washington and its NATO partners when it released all available satellite imagery and air traffic control data which was recorded in and around the final minutes of Flight MH17 – and presented it to the world media on live television. The data painted a very different picture, drawing contrasting conclusions to what Washington and Kiev officials had been disseminating via western media since July 17th. Following their presentation, Moscow handed its findings – air traffic data and time stamped satellite imagery – to European authorities. We will review those findings in detail later in this report. In stark contrast, US officials have been reluctant to do the same. Is Washington willing to share any object data or evidence to the public, or is it only interested in sharing that which somehow fits into the same predetermined narrative it stood by on July 17th, one which already assigned guilt to both rebel fighters in eastern Ukraine and Russia?

We hope that political leaders and media organizations in the US and Europe will take the time to consider all available information, rather than simply repeat and spin what is bouncing around the media echo chamber. It’s also crucial to understand the geopolitical context in which this incident has occurred in order to discover who really possessed the motive, and the means to destroy this passenger aircraft, and which parties stand to benefit most from such an international incident.

After reviewing the evidence, all indicators points to the downing of MH17 as a highly coordinated, but failed false flag event.

MH17: A Doomed Flight Path

A Malaysian Airlines spokesman has already confirmed that, for some unknown reason, Kiev-based Ukrainian Air Traffic Control (ATC) ordered MH17 off of its original flight path along the international air route, known as L980.

Most likely, this order was given to pilots while MH17 was still in Polish air space. L980 is one of the most popular and most congested air routes in the world, as well as a key link between major international hubs in Europe, like London Heathrow, Amsterdam Schiphol, and Frankfurt, and Asian destinations, like Singapore, Mumbai, Hong Kong and Kuala Lumpur.

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Humor | A Great Naval Program

OWoN: This is how to deal with Terrorists and send them on their way.

What in the world is really going on here?

Releasing a terrorist and giving him money and a car - what next?



Iran Nuclear Talks Uncertain After Kerry Push

OWoN: Here we go again. Yet another Sovereign Nation subjected to US bullying stands up to them and will join BRICS. Forget the talk of China being Leader within 10 years. China is now matching the US for GDP and will overtake next year. That soon.

The Party's over.



image: AF Presse

NDTV
By AF Presse
15 July 2014

Vienna: The fate of nuclear talks between Iran and world powers was unclear on Tuesday after two days of "very tough" talks between US Secretary of State John Kerry and his Iranian counterpart in Vienna.

"We are in the middle of talks about nuclear proliferation and reining in Iran's programme, it is a really tough negotiation I will tell you," Kerry said in the Austrian capital.

He said later after the talks with Iranian Foreign Minister Mohammad Javad Zarif: "We are working, we are working very hard. Serious discussions. (It was a) good meeting."

A senior US official said there was "more work to do".

The deadline for Iran and the five permanent members of the UN Security Council plus Germany to get a deal is Sunday, when an interim accord from November expires.

This can be extended, allowing both sides to continue talking, but only if both sides agree and Washington insists Iran has to make major concessions first.

Kerry was due to give a news conference on Tuesday morning, the US official said, and it was unclear whether he would hold any more discussions with Zarif.

Egyptian state media reported that Kerry was due in the country in an effort to broker a truce in Gaza.

The Iran talks, which entered their sixth and final round on July 3, were however set to continue between lower-ranking officials and may go down to the wire of the July 20 cut-off point.

The mooted accord would kill off for good fears that Iran might develop nuclear weapons under the guise of its civilian programme after a decade of rising tensions and threats of war.

Iran denies seeking the atomic bomb and wants the lifting of crippling UN and Western sanctions.

The six powers want Iran to dramatically reduce in scope its nuclear programme - for at least 10 years, Washington says -- and agree to more intrusive UN inspections.

This would greatly expand the time needed for the Islamic republic to develop a nuclear weapon, should it choose to do so, while giving the world ample warning of any such "breakout" push.

But Iran on the other hand wants to expand its nuclear facilities, insisting they are purely peaceful and that it has the perfect right to do so.

Both sides are also under intense domestic pressure from hardliners both in Iran and in Washington - midterm US elections are in November - both wary of giving too much away.

Mission not accomplished

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