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Sunday, June 5, 2011

Silver’s Drop is JP Morgan Trying to Protect Their Ass

It's common knowledge now that the dip in silver from $50 to $32 and the margin increases were to protect the financial terrorist known as JPMorgan from going belly-up.

Keep buying physical metal. Once we take down the JPMorge, we'll go after GoldmanSaches.


Silver’s Drop is JP Morgan Trying to Protect Their Ass

With continued volatility in both the gold and silver markets, today King World News interviewed John Embry, Chief Investment Strategist at the now $9 billion strong Sprott Asset Management. When asked about the current state of affairs Embry had this to say, “My honest opinion is that we have gone so far down the road that there is only two outcomes now. You can continue QE to infinity as Jim Sinclair says, and that will lead to some form of hyperinflation or you can sort of go cold turkey and that will lead to a depression that will make the ’30’s look like a picnic. When you think about it, that is an awful set of choices.”

That’s the sort of stuff that leads to revolutions, and if you disadvantage enough people and they look around and see all the banksters with all of the dough, somebody is going to wake up some day and say, ‘Hey, let’s get those guys.’

The easy thing to do is stick your head in the sand, but if you’ve got assets to protect you have to understand this stuff or you’re going to get killed. This is going to be the biggest transfer of wealth in the history of mankind. This is going to be a seismic event. I think the action of these guys (policy makers), the way they are conducting themselves right now suggests to me that they are on the edge of panic.”