Bill Murphy of Gata discusses the drop in gold's price in light of the U.S. dollar's fall, the results of the G-20 meeting, sovereign debt and other factors that should, in reality, cause the price to increase. Max Keiser has come up with great plan, if 100 million Americas were to buy a 1oz coin to bust JPM. this would be good way for the people to show their disapproval of the big banks in bed with big government.
people def have money to buy silver. even the most poor people in American who are on welfare have enough to buy drugs, if everyone just bought a few ounces that would be significant The sell-off would have nothing to do with the fact that Gold is at an all-time high would it now? You have people with some money trying to fund real projects so it doesn't surprise me that there was a sell off. Sure there is a lot of underhanded behavior on the part of Investment Banks to undermine the price of metals but they have something that investors don't and that component is "TEAM INTEGRITY". "When is a good time to cash out" is the battle cry of metal investors. Get some Silver , the plan that people should go and buy precious metals right now just to tank JPMorgan, won't work. People out there have no jobs, some of those peeps are unemployed, need to buy groceries to feed the kiddies, need to pay mortgage/rent, need money like NOW! For those good folks who purchase metals back 5, 10 years ago, may be selling now and taking profits because they need physical cash to live on. Everyone go buy metals, yeah, that is good idea, but u need to understand people in deep now.I respectfully submit, that while buying physical metals is a big win for the individual, JPM will not lose a penny. The Federal gov't will replace any losses to JPM, by using money stolen from the public. People, there are ways to protect yourself. They are not difficult to discover. Find out what they are, and use them! (hint: APMEX.com, or other reputable precious metals dealers. People, do your homework)).
Monday, December 20, 2010
David Morgan on The Keiser Report - Markets! Finance! Scandal! (E93)
This week Max Keiser and co-host Stacy Herbert look at the scandals of shameless Britain and Wall Street's cash cow. In the second half of the show, Max talks to David Morgan about the silver market.ratio gold/silver, now 49/1, few months, 30/1 or less.that puts silver at 50 bucks an ounce....still buying. silver certification, as with gold- is how paper money started in the first place
Max Keiser: The big holders of silver in the business for example Eric Sprott back up in Canada or his chief analyst John Embry.
John Embry came out and said he guarantees hyperinflation.
Now the only way he could guarantee hyperinflation is if these gold and silver vigilantes, as I call them, get these huge orders and force physical delivery and to bust the Comex.
There's a lot of discussion about wether you can bust the Comex? Because they now settle up in cash etc.
Now are these precious metals vigilantes, can they bust the markets and bust the price suppression scemes by taking physical delivery and forcing the issue? Do you see it happening? Is this a trend that we can take some stock in?
David Morgan: "I believe you can I also agree we couldn't do off the Comex. When you go back to 1999 and Warren Buffett, arguably one of the richest man in the world, bought 129.7 million ounces of fine silver.
The Comex had 280 million ounces at that time. He only got 90 million of the exchange initially. So he said: "I give you more time" to the dealers. Very vaque. The lease rates went about to 70%.
I believe he leased back the 40 million ounces until he got it over time.
So, since that time they now have a rule that says you only can take 1500 contracts or 7.5 million ounces of silver physically of the exchange. You can't get 90 million.
There's only 100 million ounces on the exchange right now. About 50% of it or more is long term investors.
So the real dealer inventory is only about 50 million ounces of silver.
So seven months, at max you're going to take off all the silver out the exchange. Well they're gonna do what you just said. They're gonna say: "Oh, well read the rules. We'll make you settle in cash" but that doesn't mean you can't force the issue.
Because the amount of silver that's being invested in and the amount used for in industry, in my study, which I am going to be presenting here later today, says that in three years we're going to go back into a defecit.
Who knows what the inflation markets are gonna look like three years from now.
So I see, what I would call, a natural corner There's no way out. That's how I see it.
So it doesn't have to come from the Comex to cause a real problem in, I say, probably the next two or three years.
The system is based on debt... if there were no debt there would be no money.
There is not enough money in the economy to even pay off all debt.
The only way things keep on moving is by creating new debt. The debt must continue to grow otherwise there will be a depression and universal bankruptcy.
The belief that gives fiat currency "value" is not based on debt alone. It is ALSO based on the power of the controller of that currency to manipulate the commodities market. That is an undermining way of controlling and manipulating currency value. The actual value then moves to commodities. However, those commodities are only REALLY given value because they are being used for extortion. The debt is just a way for banks to continue to use their fiat currency to enhance their position.
The heroin that is flown into Russia and China from Afghanistan is from US CIA ran military cargo planes. Military aircraft is protected from inspection. Heroin and opium addiction in China and Russia is on the rise. While the brokers might be snorting up CIA cocaine from South America, their "commoners" are being seduced by the Afghan heroin that is being distributed by CIA operatives. The U.S. military isn't in Afghanistan to fight "terrorism." It's for lithium, heroin and the TAPI pipeline.
We (the people of earth; i.e. humanity) must guard the essentials such as; food, housing, & water,very closely.We have been far too lax for far too long;how 'they' convinced enough people (a critical mass) that high housing costs are a 'good' thing is beyond me...but 'they' did! Can you imagine convincing people that high bread costs are a 'good' thing? Perhaps.That is if you 'happen to be' invested in the bread & void of conscience.Always remember 1st. & foremost:Store your treasures in Heaven.
Max Keiser: The big holders of silver in the business for example Eric Sprott back up in Canada or his chief analyst John Embry.
John Embry came out and said he guarantees hyperinflation.
Now the only way he could guarantee hyperinflation is if these gold and silver vigilantes, as I call them, get these huge orders and force physical delivery and to bust the Comex.
There's a lot of discussion about wether you can bust the Comex? Because they now settle up in cash etc.
Now are these precious metals vigilantes, can they bust the markets and bust the price suppression scemes by taking physical delivery and forcing the issue? Do you see it happening? Is this a trend that we can take some stock in?
David Morgan: "I believe you can I also agree we couldn't do off the Comex. When you go back to 1999 and Warren Buffett, arguably one of the richest man in the world, bought 129.7 million ounces of fine silver.
The Comex had 280 million ounces at that time. He only got 90 million of the exchange initially. So he said: "I give you more time" to the dealers. Very vaque. The lease rates went about to 70%.
I believe he leased back the 40 million ounces until he got it over time.
So, since that time they now have a rule that says you only can take 1500 contracts or 7.5 million ounces of silver physically of the exchange. You can't get 90 million.
There's only 100 million ounces on the exchange right now. About 50% of it or more is long term investors.
So the real dealer inventory is only about 50 million ounces of silver.
So seven months, at max you're going to take off all the silver out the exchange. Well they're gonna do what you just said. They're gonna say: "Oh, well read the rules. We'll make you settle in cash" but that doesn't mean you can't force the issue.
Because the amount of silver that's being invested in and the amount used for in industry, in my study, which I am going to be presenting here later today, says that in three years we're going to go back into a defecit.
Who knows what the inflation markets are gonna look like three years from now.
So I see, what I would call, a natural corner There's no way out. That's how I see it.
So it doesn't have to come from the Comex to cause a real problem in, I say, probably the next two or three years.
The system is based on debt... if there were no debt there would be no money.
There is not enough money in the economy to even pay off all debt.
The only way things keep on moving is by creating new debt. The debt must continue to grow otherwise there will be a depression and universal bankruptcy.
The belief that gives fiat currency "value" is not based on debt alone. It is ALSO based on the power of the controller of that currency to manipulate the commodities market. That is an undermining way of controlling and manipulating currency value. The actual value then moves to commodities. However, those commodities are only REALLY given value because they are being used for extortion. The debt is just a way for banks to continue to use their fiat currency to enhance their position.
The heroin that is flown into Russia and China from Afghanistan is from US CIA ran military cargo planes. Military aircraft is protected from inspection. Heroin and opium addiction in China and Russia is on the rise. While the brokers might be snorting up CIA cocaine from South America, their "commoners" are being seduced by the Afghan heroin that is being distributed by CIA operatives. The U.S. military isn't in Afghanistan to fight "terrorism." It's for lithium, heroin and the TAPI pipeline.
We (the people of earth; i.e. humanity) must guard the essentials such as; food, housing, & water,very closely.We have been far too lax for far too long;how 'they' convinced enough people (a critical mass) that high housing costs are a 'good' thing is beyond me...but 'they' did! Can you imagine convincing people that high bread costs are a 'good' thing? Perhaps.That is if you 'happen to be' invested in the bread & void of conscience.Always remember 1st. & foremost:Store your treasures in Heaven.
Keiser Report - Markets! Finance! Scandal!
This week Max Keiser and co-host Stacy Herbert look at the scandals of shameless Britain and Wall Street's cash cow. In the second half of the show, Max talks to David Morgan about the silver market.
Max Keiser : The big holders of silver in the business for example Eric Sprott back up in Canada or his chief analyst John Embry.
John Embry came out and said he guarantees hyperinflation.
Now the only way he could guarantee hyperinflation is if these gold and silver vigilantes, as I call them, get these huge orders and force physical delivery and to bust the Comex.
There's a lot of discussion about wether you can bust the Comex? Because they now settle up in cash etc.
Now are these precious metals vigilantes, can they bust the markets and bust the price suppression scemes by taking physical delivery and forcing the issue? Do you see it happening? Is this a trend that we can take some stock in?
What did Rothchild say?
"Give me the finances of a nation and I don't care who is running the government." Something like that.
PRECIOUS!
I love the keiser report ive learnt more from this show than working in the bank.
Trust me this guys onto something
Max Keiser : The big holders of silver in the business for example Eric Sprott back up in Canada or his chief analyst John Embry.
John Embry came out and said he guarantees hyperinflation.
Now the only way he could guarantee hyperinflation is if these gold and silver vigilantes, as I call them, get these huge orders and force physical delivery and to bust the Comex.
There's a lot of discussion about wether you can bust the Comex? Because they now settle up in cash etc.
Now are these precious metals vigilantes, can they bust the markets and bust the price suppression scemes by taking physical delivery and forcing the issue? Do you see it happening? Is this a trend that we can take some stock in?
What did Rothchild say?
"Give me the finances of a nation and I don't care who is running the government." Something like that.
PRECIOUS!
I love the keiser report ive learnt more from this show than working in the bank.
Trust me this guys onto something
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