He isn't talking about fraud from ECU, He is talking about the banking cartel keeping ECU in the toilet because it is one of the stocks Bill Murphy has tauted for years.
Not that the whole mining sector isn't shorted and messed with...it is.
With 70% of the trades being computer driven...how hard do you think it is to write a program that sells into any strength in a company... so good news shows up...they sell until the price is lower then before the news...no matter how many shares it takes...
Who would prosecute them??? The government??? They are the ones doing it. The Patriot act gives the President the power to anything....
Lets see what they have done in the last few years.
1) Torture - I shouldn't have to go on....
2) Illegal wire taps
3) Killing American citizens with drone planes....no trial....nothing
4) TRAP - giving 750 billion dollars to the banks....no not much accounting on where it went...
The list is endless.
I have said for years no this site "the government is shorting the metals stocks.....
OK one more ...the ETF's don't have the gold or silver....the prospectuses state as much...I bet they use the funds from the ETF's to sell short the shares....
WHO IS GOING TO STOP THEM???????
AS Bill Murphy says....it's all in the physical market...when they run out of physical...the game ends....and not before.
How many of you have bought any physical gold or silver this month.....