QUESTION: Mr. Armstrong, JP Morgan seems to be cutting a deal with Zelensky to create an infrastructure fund to rebuild Ukraine. How can they create such a fund when the war is ongoing? Something does not seem right. Is this another scam like FTX? WL ANSWER: Stay away from this fund. Do NOT invest […]

The precious metals Desk at JP Morgan Chase on September 16, 2019, was criminally charged by the U.S. Department of Justice with being a criminal enterprise for approximately eight years in its manipulation of the prices of gold, silver, and other precious metals. The head of that desk and two other precious metals traders were […]

Reuters is reporting that JPMorgan Chase & Co bears the highest potential hazard to the financial system among all US banks. JP Morgan Chase has the highest numerical risk ranking of U.S. banks.  in a new US Treasury study. However, they are trying to downplay this by saying this is only the opinion of the […]

A back-office accountant has emerged in Australia stating that the Australian office of J.P. Morgan failed to report losses to its parent and to the Federal Reserve. Documents have surfaced in Australia files turned over to the Senate. Even since the cycle on banking turned last year, the truth is emerging about their conduct from […]

Goldman Sachs, JPMorgan and the metal exchange based in London have all been accused of manipulating the zinc prices over the last 4 years. The prices for zinc have increased as much for aluminum in recent years and not declined. The argument here has been that they held the metal prices up, opposite of the […]

We warned that the banks have turned the corner when their cycle finished last year. The NY Post has come out stating that being a banker is not so great anymore. When the ECM turns down 2015.75 into 2020, things for the banks are going to get a lot worse. They are hated perhaps even […]

Beginning with February 24th, 2013, the tide has changed against the market manipulators and little by little the curtain is being pulled back to expose to the world what really is going on that the government and the media have ignored for so long. I have stood my ground against the banks that have engaged […]

Finally, the political pressure is building to bring some sort of criminal charge against a New York Bank. The Justice Department has been pursuing criminal charges against J.P. Morgan & Co regarding the sale of mortgage securities that the allegation is based on information from an inside person from the bank. The gist of this will […]

J.P. Morgan will pay a record fine with cheap central bank money in connection with the scandal of the “London Whale” J.P. Morgan must pay at least $ 800 million penalty. The largest bank in the United States has acknowledged errors in internal control. The proprietary trading never ends. They are not a bank – […]

When I first came out and wrote about the “Club” and how there was an organized group of banks and some hedge funds that targeted individual markets to manipulate, they tried to pretend it was sour grapes. I had even hired Robert Howe who may have been the first African-American analyst in American History. Bob […]