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Resistance
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Title: 500 Dollar Silver
Source: [None]
URL Source: http://maxkeiser.com/2010/11/18/the ... -your-dirty-work-for-you-beta/
Published: Nov 18, 2010
Author: Max Keiser
Post Date: 2010-11-18 13:58:08 by Horse
Keywords: None
Views: 255
Comments: 18

The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500

1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position (estimated to represent 1.5 trillion in risk to its balance sheet at $500 Silver).

2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.

3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.

4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.

5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.

6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.

7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.

8 – Crash JP Morgan Buy Silver


Poster Comment:

Max Keiser and Alex Jones are asking us to enter "500 Dollar Silver" into your favorite search engines to make this story go viral over the Internet. This is a deliberate plan to crash JP Morgan, the dollar and America's foreign wars.

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Begin Trace Mode for Comment # 12.

#6. To: Horse (#0)

Today I bought $100 face value (71 oz) in 90% silver coins just to do my part. I don't really need more. The last time I purchased siliver I purchased a bunch of 1 oz silver rounds at $14 an oz. My safety deposit box is getting heavy.

DWornock  posted on  2010-11-18   16:02:36 ET  Reply   Untrace   Trace   Private Reply  


#8. To: DWornock (#6)

My safety deposit box is getting heavy

Get it out of the bank bro.

When FDR outlawed gold, the FEDS confiscated the contents of safety deposit boxes.

Lysander_Spooner  posted on  2010-11-18   20:16:15 ET  Reply   Untrace   Trace   Private Reply  


#10. To: Lysander_Spooner (#8)

Get it out of the bank bro.

When FDR outlawed gold, the FEDS confiscated the contents of safety deposit boxes

How do they get access? The bank told me they don't keep a key and if I lost my keys I would have to pay to have it drilled.

DWornock  posted on  2010-11-18   21:00:05 ET  Reply   Untrace   Trace   Private Reply  


#12. To: DWornock (#10) (Edited)

How do they get access? The bank told me they don't keep a key and if I lost my keys I would have to pay to have it drilled.

My mom's "old lady buddy" had a necklace made of Mexican gold coins in her safety deposit box. When she came into the bank she found the box drilled, the necklace gone and freshly counterfeited frauds(Ø) in its place.

If your precious metals are needed to make bankers sleep at night, you know, that deep, restful, REM sleep they need to feel fully charged and energetic for the next day's roll in their piles of gold then your lock cylinder will be no obstacle.

It's ironic that the same bankers who called gold "a barbaric metal" and claimed it was a detriment to a healthy, growing economy can't live without the stuff when the hot air backing for their paper fails to inspire "public confidence."

Also, the State Of California is drilling boxes that are supposedly abandoned and seizing the contents. People who have checked theirs regularly have found the contents gone, and neither the state or the banks inventory the contents or make any effort to notify box holders before the raids. Even when box rental fees are automatically deducted from customer accounts their belongings are not safe.

Surprisingly, many people are hoarding tax free cash and contraband and they cannot make claims for the return of the contents, and the state is betting that will be the case. Those who are lawfully storing family heirlooms (such as Granny's platinum wristwatch from the 1930s) didn't photograph or insure the irreplaceable items and the burden of proof of ownership is the owners'. Those who had proof found that all gold was melted down before they ever learned of the swindle.

______________________

"Not-So-Safe-Deposit Boxes

San Francisco resident Carla Ruff's safe-deposit box was drilled, seized, and turned over to the state of California, marked "owner unknown."

"I was appalled," Ruff said. "I felt violated."

Unknown? Carla's name was right on documents in the box at the Noe Valley Bank of America location. So was her address -- a house about six blocks from the bank. Carla had a checking account at the bank, too -- still does -- and receives regular statements. Plus, she has receipts showing she's the kind of person who paid her box rental fee. And yet, she says nobody ever notified her.

"They are zealously uncovering accounts that are not unclaimed," Ruff said.

To make matters worse, Ruff discovered the loss when she went to her box to retrieve important paperwork she needed because her husband was dying. Those papers had been shredded.

And that's not all. Her great-grandmother's precious natural pearls and other jewelry had been auctioned off. They were sold for just $1,800, even though they were appraised for $82,500.

"These things were things that she gave to me," Ruff said. "I valued them because I loved her."

Bank of America told ABC News it deeply regrets the situation and appreciates the difficulty of what Mrs. Ruff was going through. The bank has reached a settlement with Ruff and continues to update its unclaimed property procedures as laws change.

California's Class Action Lawsuit

Ruff is not alone. Attorney Bill Palmer represents her and countless other citizens in a class action lawsuit against the state of California.

"They figured the safety-deposit box was safer than keeping it under the mattress," Palmer said. "In the case of a lot of citizens, they were wrong, weren't they?" continued at link-ABC NEWS

____________________

HOUNDDAWG  posted on  2010-11-18   21:48:27 ET  Reply   Untrace   Trace   Private Reply  


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