Tuesday, November 1, 2022

JP Morgan Chase One Step Closer to Implementing Digital Slavery Under the WEF's "Great Reset"

Editor's note: Astonishing isn't it? The criminal JP Morgan Chase bank as part owner of the Federal Reserve Bank is behind rigging the precious metals market (traders involved in spoofing the market), is now going to be allowed to step in to take over how tenants pay their landlords. As we can learn, this is one more step towards implementing techno-communism through CBCDs (wolves in sheep's clothing?) and social credit scoring. And how do we know JP Morgan actually paid this alleged $920 million settlement? Is there any proof of the transaction? All these mega banks on Wall Street especially JP Morgan evade justice. JP Morgan continues its crime spree in a recent whistleblower case in which JP Morgan was literally thumbing its nose at the DoJ. If you are a tenant do you really want this criminal bank to come between you and your landlord?

Great Reset Bankster Edition: JPMorgan Chase wants to disrupt the rent check with its payments platform for landlords and tenants
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Source: Reuters

JPMorgan to pay $920 million for manipulating precious metals, treasury market

By Abhishek Manikandan, Michelle Price | September 30, 2020

(Reuters) - JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo

The landmark multi-agency settlement lifts a regulatory shadow that has hung over the bank for several years and marks a signature victory for the government's efforts to clamp down on illegal trading in the futures and precious metals market.

JPMorgan will pay $436.4 million in fines, $311.7 million in restitution and more than $172 million in disgorgement, the Commodity Futures Trading Commission (CFTC) said on Tuesday, the biggest-ever settlement imposed by the derivatives regulator.

Between 2008 and 2016, JPMorgan engaged in a pattern of manipulation in the precious metals futures and U.S. Treasury futures market, the CFTC said. Traders would place orders on one side of the market which they never intended to execute, to create a false impression of buy or sell interest that would raise or depress prices, according to the settlement.

This manipulative practice, which is designed to create the illusion of demand, or lack thereof, is known as "spoofing."

Some of the trades were made on JPMorgan's own account, while on occasions traders manipulated the market to facilitate trades by hedge fund clients, the CFTC said. The bank failed to identify, investigate, and stop the behavior, even after a new surveillance system flagged issues in 2014, the agency said.

"The conduct of the individuals referenced in today's resolutions is unacceptable and they are no longer with the firm," said Daniel Pinto, co-president of JPMorgan and CEO of the Corporate & Investment Bank.

He added that the bank had invested "considerable resources" in boosting its internal compliance policies, surveillance systems and training programs.

Please go to Reuters to read more.
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Why are JP Morgan representatives sitting at a round table with the Department of Homeland Security? The questions were asked: "Why are JP Morgan representatives taking an increasingly active role in these censorship conversations? Could it have anything to do with the…accelerating trend of de-banking, as yet another tool that the regime uses to destroy anyone who dares question it?"



It comes as no surprise then that JP Morgan is involved in setting up banking infrastructure in China where the technology is being developed for social credit scoring and surveillance through apps like China-based TikTok (see The Rise Of TikTok And Fall Of Facebook). JP Morgan is gradually buying stakes in China-based banks.



Reports are that physical COMEX Silver inventories are being drained at such a rate that there will be NOTHING LEFT by the end of the year:
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