JP Morgan Accused Of Manipulating US Energy Markets Using 8 Different Trading Strategies

Those of us from the lunatic fringe blogosphere who alleged that Blythe Masters was at the vortex of precious metals price manipulation were labeled "conspiracy theorists" several years ago.

Here is proof, as I did a quick search for "Blythe Masters" in this blog alone, and a plethora of blog entries came up.  Take a look:  http://gregnguyen.blogspot.com/search?q=blythe+masters

The status quo apologists consistently denied that JPMorgan was manipulating markets.  "No, they are merely making markets and providing much-need liquidity" was the canned response from the talking heads on financial TV.

The smoking gun was the $6 billion loss from JPMorgan's London Whale trader.  It was a big "oops" for CEO Jamie Dimon and Masters, who heads their commodities trading desk, because they had just testified that they were flat, and did not take big directional bets on their proprietary trades.

A year later, JPMorgan is being investigated for manipulating the energy markets, Enron-style.  But hey, the gold and silver markets are so much smaller, so it's impossible for them to manipulate those markets also, right?  I mean, JPMorgan happens to be the custodian for SLV, the silver ETF trust.  It's a classic case of the wolf guarding the hen house.  Surely, Blythe's hands are clean.

After all, she does take credit for creating that wonderful financial instrument which would have plundered the financial world back to the stone age had taxpayers not bailed banks out--the credit default swap. 

“The greatest trick the devil ever played was convincing the world that he did not exist.”

― Charles Baudelaire

Maybe, that he was a she.

http://www.businessinsider.com.au/jpm-accused-of-energy-market-manipulation-2013-7 

By the way, notice this article was printed in Australia.  Apparently, JPMorgan and the banking cartel are off-limits for the US media.