SILVER SQUELCHERS PART 5: And Their Interesting Associates

‘They control the currency and banking system as well as the government and the Federal Reserve. They were safe in permitting others to develop the power systems with moneys invested by the public. Then by manipulating a depression and by retroactive laws written for the purpose, they robbed rivals of their work and the public of their investments. The SEC directed a looting of the public of its investments in utilities. By illegal acts that have been supported by corrupted and packed courts, the conspirators deliberately depressed and manipulated the market for utility securities by its orders and rulings. The TVA was used for the malevolent purpose of smashing the market in utility securities. On the day that the ruinously low rates for TVA power were to be announced, the press and the nation were kept waiting for commissioner David E. Lillienthal from 10:30 AM until after the markets had closed. In the meantime a terrific wave of short selling hit the utility bonds and stocks that depressed them terrifically. There can be no question that the announcement of the TVA rates was a prearranged signal for a killing in the market by these conspirators. These maneuvers cost the investing public hundreds of millions of dollars. The Federal Reserve Board has aided and abetted the swindling of the public by the manipulation of margin requirements. Repeatedly it has forced the public out of stock desired by the powers that be by raising margin requirements at the bottom of the market, just before large upswings were planned. The conspirators then stole a particular class of security in each company.’

This post was published at SRSrocco Report on November 6, 2014.