This Is The Greatest Financial Market And Currency Manipulation Of All Times

Tuesday, January 21, 2014
By Paul Martin

Gold Silver Worlds
January 21, 2014

In a week that has been marked by astonishing mainstream headlines, BFI Capital’s CEO Frank Suess happened to give an outstanding interview about the outlook for global currencies, gold and manipulation in the markets.

Consider the following headlines. They may have come at an unexpected timing, in the light of the economic recovery story, but they were for sure unavoidable:

Federal Reserve Said to Probe Banks Over Forex Fixing (Bloomberg)
Deutsche, Citi feel the heat of widening FX investigation (Reuters)
HSBC, Citi suspend traders as FX probe deepens (Reuters)
Metals, Currency Rigging Is Worse Than Libor, Bafin Says (Bloomberg)

The most remarkable event of the past week was the Federal Reserve investigating whether traders at the world’s biggest banks havebeen rigging currency rates. According to Bloomberg, the Fed is probing whether traders shared information that may have let them manipulate prices in the $5.3 trillion-a-day foreign-exchange market for profit maximization (source).

The Rest…HERE

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