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Lets join the movement of transferring wealth back to the people from where it came.

 
From The guardian www.guardian.co.uk
Thursday 2 December 2010 12.30 GMT
 
For decades, the world's banking system has been on a fiat currency standard that has led to banks that are "too big to fail". They have overreached their remit of providing loans and have leeched into the political system, using our money to change the political agenda in ways that boost bank management's compensation over the interests of their depositors.
 
Over the past 11 years, the Gata (Gold Anti-Trust Action) committee has worked to revealthe silver/gold price suppression scheme; thanks to whistleblower Andrew Maguire in London, an investigation has been opened. As part of the ongoing exposé, it has now become clear that JP Morgan is sitting on what is estimated to be 3.3bn ounce "short" position in silver (which they have sold short, meaning they don't own it to begin with) in an attempt to keep the price artificially low in order to keep the relative appeal of the dollar and other fiat currencies high. The potential liability for JP Morgan has been an open secret for a few years.
 

On Max Keiser's show, Keiser Report, he recently invited Michael Krieger, a regular contributor of Zero Hedge (the WikiLeaks of finance). We posited that if 5% of the world's population each bought a one-ounce coin of silver, JP Morgan would be forced to cover their shorts – an estimated $1.5tn liability – against their market capital of $150bn, and the company would therefore go bankrupt. A few days later, I suggested on the Alex Jones show that he launch a "Google bomb" with the key phrase "crash jp morgan buy silver".

Within a couple of hours, it went viral and hundreds of videos have been made to support the campaign.

Right now, silver eagle sales for the month of November hit an all-time record high and the availability of silver on a wholesale level is drying up

Any attempts to bail out JP Morgan would have the same effect. If the US Fed was to flood the system with bailout money for JP Morgan to cover their silver short position (as they did after the collapse of Long-Term Capital Management), more inflation will ensue and the price of silver and gold will rise more, triggering more purchases. A virtuous circle is born.
 
Even if we dont do it actively, silver is bound to multiply in value over 3 to 9 years because of high industrial use and rapidly increasing deficit in inventory.
 
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Comments

sikari said…
http://finance.yahoo.com/echarts?s=SLV#chart1:symbol=slv;range=5y;indicator=ema(50,200,150)+volume+rsi(28);charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
January 2, 2012 at 11:25 PM
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