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Poor & Middle Class Sacrificed for the BANKS: David Morgan

2,209 views · Published 2 October 2013 · 26:33 · Indexed 14 November 2026

Channel: The Morgan Report · 2013 · News & Politics

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· Fed continues printing $85 billion/mo to "keep the banking system, the 'Too Big to Fails' intact." (00:58)

David Morgan joins Elijah Johnson on http://FinanceAndLiberty.com to discuss the Federal Reserve's recent decision to continue printing $85 billion each month to "stimulate the economy." With no sign of an economic recovery, the Fed claims to help employment, but really are helping their member banks.

· CFTC claims no evidence of silver price manipulation, won't blow whistle on US government involved behind legal loophole. (06:45)

Johnson and Morgan review the recent announcement by U.S. Commodity Futures Trading Commission (CFTC) regarding silver market rigging, "Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets." (http://CFTC.gov/PressRoom/PressReleas...) Has the CFTC shown that no such conspiracy exists, or are large banks, the US government and other entities manipulating the silver price shielded and emboldened by a shocking loophole hidden in current law?

· Treas. Secy Lew Warns US Default unless debt ceiling increase. (18:25)

U.S. Treasury secretary, Jack Lew, declared that if Congress fails to raise the debt ceiling, "it would be impossible for the United States of America to meet all of its obligations for the first time in our history." Does Morgan believe the U.S. debt ceiling will be raised, inflating even further the debt bubble, or will the U.S. default for the first time in history? Stay tuned to find out all this and more!

David Morgan is a renowned precious metals aficionado armed with degrees in finance and economics as well as engineering, who created the http://Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals. Recognized as one of the world's foremost experts on the silver market, Morgan is consulted by premier investment leaders including Mike Maloney of GoldSilver.com

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Title and video graphics by Josiah Johnson Studios: http://JosiahJohnsonStudios.com
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This interview was recorded on September 25th, 2013.

Disclaimer: The financial and political opinions expressed in this interview are those of the guest and not necessarily of "Finance and Liberty" or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.

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