Bob Chapman interviewed by
the Sovereign Economist http://sovereign-economist.com : our government is desperate to keep gold and silver down and they can't do it , Gold is going to break out here it is going to go to $1600 / $1650 , silver is another situation the unusual situation is that JPM and HSBC are naked short 45 to one , they have not covered their shorts in to months , they are buried ...that means for every contract they have in silver they sold 45 and there is thousands of them , they're naked short they can't get out they can't buy back into silver which keeps on going up , 3 things can happen here , they either can tell their clients we do not have silver and we are going to pay you 25 cents on the dollar or they can default in complete in other words what is called a force majeure or the federal reserve can step in and cover their losses ....at 46 dollars a share their losses are about 90 billion dollars
Check out this video:
ReplyDeletehttp://www.youtube.com/watch?v=ObNy18dLaAA&lc=PZaHiQdipVLvsWM4dSz4TUtklnvHvotRkoQLcYuX71I&feature=inbox
@Holly. This is the second time I've seen that video referenced very recently.
ReplyDeleteWhat everyone forgets in this engineered chaos is that money, instruments of debt, gold, silver, currency...whatever. They are valueless icons on the road to the utopia long sought by TPTB. When the world is remade there will be no work, no strife, no industry, no commerce, no need for exchange. Just existence and perpetual worship. Oh and none of us.
Though I will admit to suspecting there is an alternate need for gold which makes the stuff very, very precious to them. Otherwise they wouldn't have spent thousands of years gathering it all into one place again.
BTW Bob you and GONOB seem to have hit a very, very enjoyable synergy, though your host does get all expectorant now and again!! ;-)