Every now and then a story comes along that seems dull, boring, and rather uninteresting, until you stop and think about it. In this particular instance of a story shared by S.D., the story makes a point I've been trying to make, and in making the point, it reminds me of a little "drama" that played itself out when the RMS Titanic, or RMS Olympic or whichever she was, departed Southampton on her fateful maiden voyage (or not) to New York City in April 1912. Here's the story:

The story, you'll  have noted, concerns the conviction of Christian Trunz, a Morgan bullion trader, for "spoofing," and in the process, helping Morgan to accumulate more silver in its bullion vaults than the Hunts did in the 1980s, or Buffet in the 1990s:

Virtually anyone who pays attention to the silver bullion market knows by now that JP Morgan's Silver Comex warehouse has the most significant modern silver bullion hoard ever amassed.

Larger than either the 1980 Hunt Brothers and or late 1990s Warren Buffet silver hoard via his Berkshire Hathaway holding company.

So what is "spoofing"? Essentially, it's an attempt to send the wrong signals to a particular market in order to manipulate prices by manipulating buyers, and to make a profit from the activity. In commodities markets such as bullion, this can be done with the actual price of the physical object, to all derivatives of it, options, "paper bullion" and so on. How is this done? By placing orders, and then not executing them. Suppose, for example, that you want to drive up the value of the silver in your vault. You then place massive amounts of sell orders, increasing the potential amount of bullion on the market, driving prices down. As the orders begin to be placed, traders notice the drop in prices, and begin to sell their silver. When the price drops sufficiently, you then buy up the silver. The trick is that you place the orders, but never execute them.

The US Department of Justice accepted the admission that Trunz placed thousands of pretending orders for silver, gold, and other precious metals futures contracts which he did not intend to execute (2007-2016).

Coincidentally Trunz's timespan at JP Morgan also covered a span in time in which JP Morgan was alleged to have been naked short selling silver derivative contracts in late 2010 silver trading.

By using false price signals, derivative traders in precious metals can gain profits by creating market moves in price to both his and JP Morgan’s advantage.

The real danger here, is, as I've warned before, that such activity - and its effects - are multiplied once one throws computers and algorithmic trading into the mix. Supposed you program a computer to place thousands of trades in a particular commodity, to buy a commodity in x amounts when it hits y price; this done, other computers almost instantly notice the trades have been placed, and respond by placing buy or sell orders accordingly, and within seconds, a trend can emerge that is wildly removed from market reality. Meanwhile, with a pre-programmed hold, the order is suddenly canceled, while a new set of orders are made. Within minutes, a market trend can be created (and made to vanish) that relies on two effects: the fraudulent spoofing itself, and the magnification effect caused by algorithmic trading itself. The result is a market condition in a certain sector that is wildly different than the actual prevailing human market reality, because the price signaling mechanism is so distorted it has broken down. In a way, it's a variation on the old bait and switch routine, the bait in this case being the trades you don't intend to execute, and the switch being the cancellation of those original trades, and the execution of new ones.

If you think this whole type of activity is new to JP Morgan, think again, and that brings us back to the Titanic, or the Olympic, depending on which one you think sailed from Southampton. Most readers here are probably familiar with the "bait and switch" theory that the White Star Line switched the two sister ships in a deliberate plot to sink the badly damaged Olympic and collect the insurance on "Titanic". Of course, the Morgan part of this story is that JP Morgan himself owned controlling interest in the White Star Line. But that's not the bait and switch I'm concerned with here. I'm concerned with something very different.

Morgan was, of course, booked to sail with the Titanic (or the Olympic, take your pick, we'll just call her the RMS Whatever from now on), and accordingly had had several crates loaded on to her at Southampton. These were ostensibly supposed to be full of bronze statues and other art objects he was removing from Britain to bring to America. While the RMS Whatever was still docked, more crates suddenly arrived under armed guard, containing a secret shipment of gold that was being evacuated to America from Europe for safekeeping with the war clouds that were gathering. After these crates were loaded into the RMS Whatever, Morgan, for reasons that remain inexplicable - and highly suspicious - to this day, suddenly cancelled his booking on the doomed ship, and had all his crates removed.  The RMS Whatever sailed into history, sinking like an unsinkable rock in the conveniently deep waters of the Grand Banks after allegedly striking an iceberg, and where she would remain until her eventual rediscovery in 1985.

The overlooked part of the story, however, are a couple of unusual expeditions by the Royal Navy to the area in the late 1950s, and again in "secret exercises" with the US Navy in the 1960s... perhaps they were looking for a treasure that wasn't there...

... because Morgan, who had "special customs arrangements" with both British and American customs, had already shifted the gold into his private crates, conveniently offloaded from the RMS Whatever prior to her sortie from Southampton...

Of course, all of this is high octane speculation, but it is perhaps a fitting metaphor of our financial system: a bait and switch for insurance fraud, a cargo that was supposed to be on board but wasn't, and a passenger list of middle and lower class people on a sinking ship owned by a scoundrel with insider knowledge, and not enough lifeboats for them, an unsinkable system, an orchestra playing on as it sinks, and boards of inquiry that are farcical in the extreme.

See you on the flip side...




  1. It is a numbers game on land and sea. Synchronicities abound. Read a Rappoport article today pointing out more evidence that pharma, govt and all industry are colluding to disguise chemical damage to us all as some bipartisan act of nature via viral and otherwise epidemics. When it is not the individual’s fault via poor choices, it is the individual’s fault through poor design aka genetics.

    So we are all not smart enough not hardy enough to avoid driving and buying and breathing hence exhausting pollution that kills the planet and inhaling toxins that kill us.

    Rappoport referred to an article from 2009 where the author pointed to 100k cargo ships on the planet using bunker fuel. Bunker fuel is environment’s monster. Calculations at the time showed that 16 of those ships pollute more that the entire fleet ot cars on the planet.

    Does that gain perspective and context for each of our own personal responsibility for this mess we are in? Or for our collective responsibility? Makes one want to ask in an outraged voice “how dare you?! ” eh?

    1. Does that build perspective on the level of not so natural disaster we are facing, even as it is covered up with this or that soon to be vaccine preventable disease?

  2. If you can send 1700 passengers to a watery grave and go to bed at night after doing it. I guess not even Hell would except you as a permanent resident greed the pan-ultimate addiction. And all these overgrown children with their AI machines playing with our lives at the stock markets around the world it’s only a game to them.

  3. I nowadays think it is less likely that Natty Rothschild somehow got ‘storm trooper’ carrier pigeons over the stormy English Channel, or bribed some risk taking fool to sail across, and more likely that the whole battle of Waterloo was rigged, if not staged. Napoleon, friend of the Sanhedrin, and husband of a Chosen One, was probably in on the act. Alternatively French Rotty spoofs his side, while Bro Tribesman spoofs England, bet each way.
    English ‘stock market’ gets spoofed, Natty, already rich, increased his wealth by 600%, and in the words of his successor, Lionel, “he who controls the currency of England controls it, and I control it”. Royals become their breeding sows since Victorias mother and young Victoria. (/ Tim Rifat)
    Of course all the above is anti-rheumitic conspiracy theory,and Adam Smith was a conspiracy theorist who did market freedom theory on the weekends.
    ““People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” ” and their computers and magik formulas.

      1. VERY interesting book &can’t wait for pt2 from Mr. Bosley? …just wondering IF Mr. Bosley’s take & miles mathis take & doc’s take ….could be some combinations ??? ALL “history” can’t be some kind of …..staged “play” ….can it !

      2. ta for that, I haven’t read it (or Gregg Hallets books). sounds like Coopers hitler in Argentina. heck we cannot even believe or know about this Coronavirus WITH fibre networks.

    1. Pierre, semaphore signaling-towers were the high-tech communications system in Napoleon’s day. Using those, the news would far outdistance a dispatch rider. And the Rothschilds had put big money into those towers. There also existed fast dispatch boats/ships for hire, able to handle most English Channel weather. Combine the two, and they were akin to the dedicated fiber-optic systems of today. All devoted to moving info faster than your competitors…

      Miles Mathis wrote on the ‘legitimacy’ of Napoleon:
      I agree with much on the background of Napoleon, but I disagree that the battles never happened or were much smaller. The overall strategy would be to ‘bleed’ the non-chosen with huge, bloody battles. See WWI for the pinnacle of this strategy…

  4. I took out $20 today. Just wasn’t feeling good yesterday, to go pick up the barrels. Though I hope to find time tomorrow when my parents leave for bowling. I will work on making sure I stick to my word.

  5. if one is really interested in this subject do read Scottish historian John Hamer’s books on this subject:

    “Titanic’s Last Secret”

    “The Olympic”

    let alone Robin Gardiner’s research on this topic; all of this stuff is very eye-opening because the so-called “Titanic” disaster had to do with the demise of those (some) on bord (bankers) opposing the future founding of the Federal Reserve- I believe this to be fact-

    it’s a long, ugly story- but read the books if only one believes they can stomach the provided info it-

    Larry in Germany

  6. The most famous “spoof” was Napoleon’s victory spoof orchestrated by the Rothschild family.
    Max Keiser was, at one times, trying to cause an run on silver to short J.P. Morgan[Bank].
    Not to mention all the booms & busts have been fixed.
    Sad to say the Chicago Way[The Fix Is In] is replete throughout the current Westernized[based-on-debt] system.
    Wanna bet?
    Yep, that’s fixed to.
    The Jets game against Baltimore[Super Bowl III], fixed.
    The Fix Is In: The Showbiz Manipulations of the NFL, MLB, NBA, NHL and NASCAR/Apr 1, 2010 by Brian Tuoy

    Oh, and did I mention that the weather’s fixed as well?
    Now, how about elections?
    I hear, that he who cheats last wins.
    Or, is that he who counts the vote last wins?

    Ask the Templars.
    That’s their legacy that’s been passed on.
    Or, has that been intercepted?

  7. Herd animals move en masse, like fishes and birds in formation. In Stockholm syndrome, the slaves switch master.

    Trees are different, they just drop a fruit, when time is ripe, while standing their ground, listening to the grass grow.

    Bullion brokers lurk around gambling, attempting to lure some juicy steak, into jumping into their mouth.

    Wolf ate handshake!

  8. On the physics side, fighter designers tried to create control systems that responded not to position, not to velocity, not to acceleration, but to jerk . Yes, jerk is a real term; see below.

    “In physics, pop is the sixth derivative of the position vector with respect to time, with the first, second, third, fourth, and fifth derivatives being velocity, acceleration, jerk, snap (or jounce), and crackle, respectively; in other words, the pop is the rate of change of the crackle with respect to time.”

    The designers quickly found out that the whole system became quasi-unstable. Too much was trying to be done in too short a time. Think of it like a car that had loose wheels and needed small corrections all the time . (Plus, it wore-out the flight-control surfaces and actuators.)

    What the financial whiz-kids are trying to do with ‘spoofing’ is much the same, especially if juiced-up with computer algorithms. They are trying to beat the system by having a quicker ‘response time’. Being inside the reaction time of your ‘opponent’. This always leads to greater instability…

    (For good reading: “The Titanic: the Fraud that Keeps on Giving” by Miles Mathis)

      1. ZDB, probably not. Helicopters got fly-by-wire technology really late, compared to fighters. The problem you mentioned is due to the counter-intuitiveness of helicopter controls. In an airplane, pull the stick back for up and forward for down; left rudder & right rudder; ailerons for turns. Logical…

        For helicopters, increasing the engine-power and pitch of the rotor blades for takeoff will cause the tail to spin. This is counteracted with modulating the tail-rotor to cancel the spin (to counter the angular-momentum). However, this is a learned skill, kind of like riding a bicycle. Plenty of beginner helicopter pilots over-or-under ‘corrected’ the tail-spin and got into immediate trouble…

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