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
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/3_Embry_-_Silvers_Drop_is_JP_Morgan_Trying_to_Protect_Their_Ass.html
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.”
=====
z
Sunday, June 5, 2011
Saturday, June 4, 2011
An Emerging Free Market Currency
This is extremely interesting. Gold is not the only solution for a currency. It was just the best before the digital age. What we need is a fixed amount of digital money and it has to be encrypted, de-centralized, and easily-audit-able.
Bigcoin.org. I will be looking for into this stuff and will post up at some later date about them. Food for thought.
====
An Emerging Free Market Currency
http://silverbearcafe.com/private/06.11/bitcoin.html
"I'd feel a little stupid buying these things," a dear friend of your editor's recently remarked. "But that's probably not, in and of itself, a bad thing. After all, I felt pretty stupid buying gold back when it was still $250 per ounce."
Our friend was referring to a peer-to-peer (P2P) cybercrypto currency called bitcoin. What is bitcoin? How is it used? What are the risks? Let's begin where all good non-Tarantino stories begin...at the beginning.
The demand for a totally free market currency arose, naturally, out of the dismal state of the current monetary environment, in which governments around the world systematically debase the value of their printed monies in order to pay for the various welfare-warfare states they promised but can't possibly afford. The resulting inflation is sometimes referred to as a "sneaky tax," one that silently, insidiously infiltrates the marketplace, with each freshly-inked dollar compromising the value and integrity of each and every currency unit already in circulation.
====
z
Bigcoin.org. I will be looking for into this stuff and will post up at some later date about them. Food for thought.
====
An Emerging Free Market Currency
http://silverbearcafe.com/private/06.11/bitcoin.html
"I'd feel a little stupid buying these things," a dear friend of your editor's recently remarked. "But that's probably not, in and of itself, a bad thing. After all, I felt pretty stupid buying gold back when it was still $250 per ounce."
Our friend was referring to a peer-to-peer (P2P) cybercrypto currency called bitcoin. What is bitcoin? How is it used? What are the risks? Let's begin where all good non-Tarantino stories begin...at the beginning.
The demand for a totally free market currency arose, naturally, out of the dismal state of the current monetary environment, in which governments around the world systematically debase the value of their printed monies in order to pay for the various welfare-warfare states they promised but can't possibly afford. The resulting inflation is sometimes referred to as a "sneaky tax," one that silently, insidiously infiltrates the marketplace, with each freshly-inked dollar compromising the value and integrity of each and every currency unit already in circulation.
====
z
US house price fall 'beats Great Depression slide'
Uh oh. Note how it says in the great D it took 19 years for price recovery. We're not even at the bottom and it's worse than the great D. Therefore it is probably a reasonable guess, that bar super inflation housing prices will NEVER recover their peak price.
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US house price fall 'beats Great Depression slide'
http://www.independent.co.uk/news/business/news/us-house-price-fall-beats-great-depression-slide-2291491.html
The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression.
The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007. The peak-to-trough fall in house prices in the 1930s Depression was 31 per cent – and prices took 19 years to recover after that downturn.
The latest Case-Shiller house price index was just one of a slew of disappointing economic data from the US yesterday, which suggested ebbing confidence in the recovery of the world's largest economy. The Chicago PMI manufacturing index showed a sharp slowdown in the pace of expansion in May, missing Wall Street forecasts and sending the index to its lowest since November 2009.
And in the latest Conference Board consumer confidence survey more people expressed uncertainty over their future economic prospects. The confidence index fell unexpectedly to 60.8 from a revised 66.0, when economists had expected it to rise to 67.0. Falling house prices and negative equity combined with high petrol and food prices and a still-weak jobs market to raise consumers' fears for the future.
===
z
=====
US house price fall 'beats Great Depression slide'
http://www.independent.co.uk/news/business/news/us-house-price-fall-beats-great-depression-slide-2291491.html
The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression.
The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007. The peak-to-trough fall in house prices in the 1930s Depression was 31 per cent – and prices took 19 years to recover after that downturn.
The latest Case-Shiller house price index was just one of a slew of disappointing economic data from the US yesterday, which suggested ebbing confidence in the recovery of the world's largest economy. The Chicago PMI manufacturing index showed a sharp slowdown in the pace of expansion in May, missing Wall Street forecasts and sending the index to its lowest since November 2009.
And in the latest Conference Board consumer confidence survey more people expressed uncertainty over their future economic prospects. The confidence index fell unexpectedly to 60.8 from a revised 66.0, when economists had expected it to rise to 67.0. Falling house prices and negative equity combined with high petrol and food prices and a still-weak jobs market to raise consumers' fears for the future.
===
z
Thursday, June 2, 2011
America’s Day of Reckoning, Hyperinflation Nearly Guaranteed
Naw, it could never happen here.
Jingle jingle, got any silver in those pockets? Silver doesn't hyper-inflate. Silver just jingles, and it buys stuff, and it's shiny. And your wife likes to wear it.
====
America’s Day of Reckoning, Hyperinflation Nearly Guaranteed
http://sgtreport.com/2011/06/must-listen-america%e2%80%99s-day-of-reckoning-hyperinflation-nearly-guaranteed/
John Williams, Executive Editor of Shadow Government Statistics spoke with Jim Puplava recently and the resulting conversation is an absolute MUST-LISTEN for both the Sheeple and the enlightened alike:
“There’s no way of bringing the deficit under control and restoring fiscal balance in the United States without massive cuts to both Social Security and Medicare and I think it’s impossible for that to happen and that’s one reason that I, unfortunately am looking at a hyperinflation. I don’t see any practical way out of it.“
- John Williams, ShadowStats.com
Click Here for this must-listen interview with John Williams.
http://www.netcastdaily.com/broadcast/fsn2011-0531-1.mp3
====
z
Jingle jingle, got any silver in those pockets? Silver doesn't hyper-inflate. Silver just jingles, and it buys stuff, and it's shiny. And your wife likes to wear it.
====
America’s Day of Reckoning, Hyperinflation Nearly Guaranteed
http://sgtreport.com/2011/06/must-listen-america%e2%80%99s-day-of-reckoning-hyperinflation-nearly-guaranteed/
John Williams, Executive Editor of Shadow Government Statistics spoke with Jim Puplava recently and the resulting conversation is an absolute MUST-LISTEN for both the Sheeple and the enlightened alike:
“There’s no way of bringing the deficit under control and restoring fiscal balance in the United States without massive cuts to both Social Security and Medicare and I think it’s impossible for that to happen and that’s one reason that I, unfortunately am looking at a hyperinflation. I don’t see any practical way out of it.“
- John Williams, ShadowStats.com
Click Here for this must-listen interview with John Williams.
http://www.netcastdaily.com/broadcast/fsn2011-0531-1.mp3
====
z
Fractional Reserve Banking as Economic Parasitism
This is a 60 page read. One of the best reads I've had in the past many moons. Having a mathematical background I found this very interesting. We need to ways of explaining the parasitic economy and fractional reserve banking system that we are living in. Mathematics will give us solutions.
Take your time and give this a read. I spread it over 2 days.
===
Fractional Reserve Banking as Economic Parasitism
A Scientific, Mathematical, & Historical Expos´e, Critique, and Manifesto
Vladimir Z. Nuri
http://www.lampsacus.com/documents/NuriParasitism.pdf
Abstract
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and lgebraic formula for a large economy analogous to the ideal gas law of thermodynamics is roposed. It may be something like a new F = ma rule of the emerging econophysics field. Some mplications of the equation are outlined, derived, and proved. The phenomena of counterfeiting, inflation and deflation are analyzed for interrelations. Analogies of the economy to an ecosystem or energy system are advanced. The fundamental legitimacy of “expansion of the money supply” in particular is re-examined and challenged. From the hypotheses a major (admittedly radical) onclusion is that the modern international “fractional reserve banking system” is actually quivalent to legalized economic parasitism by private bankers. This is the case because, contrary to conventional wisdom, the proceeds of in- flation are not actually spendable by the state. Also possible are forms of “economic warfare” based on the principles. Alternative ystems are proposed to remediate this catastrophic flaw.
====
z
Take your time and give this a read. I spread it over 2 days.
===
Fractional Reserve Banking as Economic Parasitism
A Scientific, Mathematical, & Historical Expos´e, Critique, and Manifesto
Vladimir Z. Nuri
http://www.lampsacus.com/documents/NuriParasitism.pdf
Abstract
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and lgebraic formula for a large economy analogous to the ideal gas law of thermodynamics is roposed. It may be something like a new F = ma rule of the emerging econophysics field. Some mplications of the equation are outlined, derived, and proved. The phenomena of counterfeiting, inflation and deflation are analyzed for interrelations. Analogies of the economy to an ecosystem or energy system are advanced. The fundamental legitimacy of “expansion of the money supply” in particular is re-examined and challenged. From the hypotheses a major (admittedly radical) onclusion is that the modern international “fractional reserve banking system” is actually quivalent to legalized economic parasitism by private bankers. This is the case because, contrary to conventional wisdom, the proceeds of in- flation are not actually spendable by the state. Also possible are forms of “economic warfare” based on the principles. Alternative ystems are proposed to remediate this catastrophic flaw.
====
z
Embedding YouTube Videos May Soon Be a Felony
It won't be long now until we have an absolute control-police-state where you have no freedoms. Can't wait? Time to wake some people up. Truth is they are scared of us alternative news folks. Keep up the broadcasting and re-broadcasting.
Infowars
===
Embedding YouTube Videos May Soon Be a Felony
http://www.infowars.com/embedding-youtube-videos-may-soon-be-a-felony/
Techdirt reports that Senate bill 978 – a bill to amend the criminal penalty provision for criminal infringement of a copyright, and for other purposes – may be used to prosecute people for embedding YouTube videos.
According to Mark Masnick, if a website embeds a YouTube video that is determined to have infringed on copyright and more than 10 people view it on that website, the owner or others associated with the website could face up to five years in prison.
Read Masnick’s article here.
http://www.techdirt.com/articles/20110601/01515014500/senators-want-to-put-people-jail-embedding-youtube-videos.shtml
He explains how the new law would expand copyright violations from reproducing and distributing to performing – including streaming video over the internet.
=====
z
Infowars
===
Embedding YouTube Videos May Soon Be a Felony
http://www.infowars.com/embedding-youtube-videos-may-soon-be-a-felony/
Techdirt reports that Senate bill 978 – a bill to amend the criminal penalty provision for criminal infringement of a copyright, and for other purposes – may be used to prosecute people for embedding YouTube videos.
According to Mark Masnick, if a website embeds a YouTube video that is determined to have infringed on copyright and more than 10 people view it on that website, the owner or others associated with the website could face up to five years in prison.
Read Masnick’s article here.
http://www.techdirt.com/articles/20110601/01515014500/senators-want-to-put-people-jail-embedding-youtube-videos.shtml
He explains how the new law would expand copyright violations from reproducing and distributing to performing – including streaming video over the internet.
=====
z
Where Will You Be When Reality Hits?
Better get some now before it's gone. More and more evidence is stacking that we have successfully drained the physical reserves of the paper markets. The dislocation could happen this summer.
Don't forget to pick up some popcorn too.
====
Where Will You Be When Reality Hits?
http://dont-tread-on.me/where-will-you-be-when-reality-hits/
Below is a huge chart showing the Registered CRIMEX Silver Inventory since 1996. The amount of silver that the CRIMEX has available for delivery for its paper contracts has never been lower, at 29 million ounces. This is even lower when Warren Buffet was buying silver in the late 90′s.
The thing I find most interesting is the recent inventory drop. This current silver bull got started in September when JP Morgue closed their commodities prop desk and silver went from $17.76 to $50. Despite the tripling of price and a violent smack down in May, the only thing consistent, is that the REAL inventories are going straight down. Logic would dictate that if prices triple either more inventory should find its way into the market or at the very least, make it too expensive for people to buy. Or the aggressive volatility up AND down would scare people away from this investment. Despite the massive upswing in price and the very apparent market manipulation from the masters of the universe, REAL physical silver keeps leaving those paper traitors in to the hands of the Aware.
All of this has happened while 99.9% of the world is completely unaware what physical silver represents as a investment. Someday soon, reality is going to hit humanity and there will be no going back.
====
z
Don't forget to pick up some popcorn too.
====
Where Will You Be When Reality Hits?
http://dont-tread-on.me/where-will-you-be-when-reality-hits/
Below is a huge chart showing the Registered CRIMEX Silver Inventory since 1996. The amount of silver that the CRIMEX has available for delivery for its paper contracts has never been lower, at 29 million ounces. This is even lower when Warren Buffet was buying silver in the late 90′s.
The thing I find most interesting is the recent inventory drop. This current silver bull got started in September when JP Morgue closed their commodities prop desk and silver went from $17.76 to $50. Despite the tripling of price and a violent smack down in May, the only thing consistent, is that the REAL inventories are going straight down. Logic would dictate that if prices triple either more inventory should find its way into the market or at the very least, make it too expensive for people to buy. Or the aggressive volatility up AND down would scare people away from this investment. Despite the massive upswing in price and the very apparent market manipulation from the masters of the universe, REAL physical silver keeps leaving those paper traitors in to the hands of the Aware.
All of this has happened while 99.9% of the world is completely unaware what physical silver represents as a investment. Someday soon, reality is going to hit humanity and there will be no going back.
====
z
Wednesday, June 1, 2011
Rick Rule - Silver Shortage Continues, Financial Crisis Looms
Get it while you can. We are cornering the physical silver market.
===
Rick Rule - Silver Shortage Continues, Financial Crisis Looms
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/1_Rick_Rule_-_Silver_Shortage_Continues,_Financial_Crisis_Looms.html
With continued volatility in gold, silver and the US dollar, today King World News interviewed one of the most street-smart pros in the resource sector, Rick Rule Founder of Global Resource Investor now part of the $9 billion strong Sprott Asset Management. When asked if there is still a shortage in the silver market Rule replied, “Yeah I think there is absolute shortage in the physical market. There has been some softness (in the price) which I think is mostly a function of two things, generally a sort of risk off trade as institutional investors in particular have found credit conditions more difficult, and of course the tightening of the margin requirements in the futures markets. But I don’t think that has obviated the near-term physical shortage which has come about from very, very strong retail end user investment demand and a shortage of coin strip.”
Rule continues:
When asked if silver was set up for a rally Rule responded, “I’d have to say yes, in the sense that I see a bunch of circumstances that are bullish for precious metals still, and silver would appear to be the affordable trade in precious metals, the poor man’s gold if you will. It is also the metal that attracts the retail precious metal trader who likes, rather than is repelled by volatility. You and I have joked before, the silver bug is sort of the gold bug on steroids. For the speculator, the current market conditions in the silver trade if one can handle volatility are optimal.”
When asked about gold specifically Rule stated, “Gold is the fear trade and I think there’s a lot out there to be afraid of. Greece of course is dominating the headlines, and I think it’s not so much will a restructuring occur as a when will a restructuring occur? But that’s taking people’s minds off of other topics that are worrisome. An example would be my old home town of San Jose California, an extremely, extremely affluent area, has decided that they are now going to restructure which means (they will) stiff $550 million in bonds.”
===
z
===
Rick Rule - Silver Shortage Continues, Financial Crisis Looms
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/1_Rick_Rule_-_Silver_Shortage_Continues,_Financial_Crisis_Looms.html
With continued volatility in gold, silver and the US dollar, today King World News interviewed one of the most street-smart pros in the resource sector, Rick Rule Founder of Global Resource Investor now part of the $9 billion strong Sprott Asset Management. When asked if there is still a shortage in the silver market Rule replied, “Yeah I think there is absolute shortage in the physical market. There has been some softness (in the price) which I think is mostly a function of two things, generally a sort of risk off trade as institutional investors in particular have found credit conditions more difficult, and of course the tightening of the margin requirements in the futures markets. But I don’t think that has obviated the near-term physical shortage which has come about from very, very strong retail end user investment demand and a shortage of coin strip.”
Rule continues:
When asked if silver was set up for a rally Rule responded, “I’d have to say yes, in the sense that I see a bunch of circumstances that are bullish for precious metals still, and silver would appear to be the affordable trade in precious metals, the poor man’s gold if you will. It is also the metal that attracts the retail precious metal trader who likes, rather than is repelled by volatility. You and I have joked before, the silver bug is sort of the gold bug on steroids. For the speculator, the current market conditions in the silver trade if one can handle volatility are optimal.”
When asked about gold specifically Rule stated, “Gold is the fear trade and I think there’s a lot out there to be afraid of. Greece of course is dominating the headlines, and I think it’s not so much will a restructuring occur as a when will a restructuring occur? But that’s taking people’s minds off of other topics that are worrisome. An example would be my old home town of San Jose California, an extremely, extremely affluent area, has decided that they are now going to restructure which means (they will) stiff $550 million in bonds.”
===
z
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