per 11/24/10 International Forecaster (Bob Chapman):
From a Fellow Subscriber:
Folks, this guy, Max Keiser, a former stock broker and inventor of the Hollywood Futures Exchange, has a brilliant and simple plan to attack the banks. Take away their phony paper fiat money by buying gold and especially silver. You see JP Morgan, the arch villain and financial terrorist, has a huge naked short position on silver in order to artificially drive the price down. This is supported by the US Federal Reserve in order to make the dollar look good. The banks and Wall St. hate physical gold and silver because when they rise they expose the phoniness of the dollar and all other fiat currencies. JP Morgan and others have been allowed illegally to buy up short positions on the Comex and the London Bullion Exchange without posting any real collateral, which is called naked shorting. They have billions of ounces of silver shorts. Whenever the price of silver keeps going up, JP Morgan buys up more shorts in order to drive the price down. JP Morgan has hundreds of trillions of derivatives based on keeping the silver price down. The Comex and other gold and silver exchanges don't really have the physical silver to deliver. For every 100 ounces of paper silver contracts on the exchanges, they only have 1 ounce of real doggone physical in their possession. So when you buy an ounce of real silver bullion, that's one ounce that's taken off the market. If millions of people buy one ounce of silver, then the price will go up and eventually JP Morgan will have to cover their shorts by either buying physical silver on the open market or take huge losses. The more the silver price goes up, the worse JP Morgan's predicament becomes. Now of course many of you can afford more than one ounce of silver. Regardless of what you personally will do, silver is going up anyways. But why not get potentially rich or at least keep your wealth and at the same time drive a silver bullet into the coffin of the worst scumbag financial organization in history for the last 100 years. Your ounce of silver purchase could just be the straw that broke the JP Morgan camel's back and possibly bring the whole Ponzi paper money scheme come crashing down Gold gets a lot of attention but it's younger sibling silver does not. Gold will double and triple in the years to come but silver will do even better. Just a year ago the gold to silver ratio was 65 to 1. That means one ounce of gold was 65 times more expensive than 1 ounce of silver. Now the ratio is 49 to 1. So those that have silver have done even better than those who bought gold. Like gold silver is a real currency, which has been used for over 6000 years. But unlike gold, which really has no purpose other than a store of value, silver is probably the most important metal in the world.
I really don't understand this financial stuff, but that's a clear and important message. I can afford to buy a bit of silver and it would give me a bit of satisfaction to contribute to the cause. Keep up the good work!
I want either less corruption or more opportunity to participate in it. Ashleigh Brilliant
It isn't just the COMEX and the London LBMA that don't have the gold and the silver. GLD and SLV are funds where people people invest dollars thinking they have bought gold and silver.
But GLD and SLV are run by HSBC and JP Morgan who are the ones shorting the gold and silver markets. If we buy 100 million ounces of silver worldwide including the Hedge Funds, there will be no gold or silver for sale.
In fact I think that if we bought even 20 million ounces of silver, Hedge Funds with trillions of dollars in assets would do the rest of the heavy lifting and wipe out gold and silver shorts and the banks.