Tuesday, June 28, 2011

States fight Federal laws deemed unconstitutional

Nullification: Our Rightful Remedy

Information on Central Bank Gold Holdings


Massive manipulation on shorting the SLV

(courtesy Ted Butler and Ed Steer)
Here are three paragraphs about the massive short position that exists in the SLV ETF that I snipped out of silver analyst Ted Butler's weekend commentary to his paying subscribers on Saturday...
"The latest short figure for shares in SLV was just released. As of June 15, the short position for SLV rose by 4.2 million shares (ounces), to a new record of more than 37 million shares. The SLV short position now constitutes more than 11.6% of all shares outstanding. This is truly an obscenely large short position for any stock; so large that it is inherently fraudulent and manipulative to the price of SLV from a size point alone. In turn, the price of silver itself is also manipulated given that SLV is the largest inventory of silver in the world. It also means that there are more than 37 million shares of SLV in existence that have no silver backing, as required by the prospectus. There is no question in my mind that BlackRock, the Trust’s sponsor is negligent for this continuing fraud and manipulation in SLV and will, hopefully, be brought to justice."
"So large is the short position in SLV, that it seems impossible that the largest COMEX short, JPMorgan, is not somehow involved in it (and every other manipulative dirty trick in silver). To my knowledge, there is no disclosure as to the identity of short sellers in stocks. As I previously indicated, it seems patently unfair that large long holders in stocks must publicly identify themselves over certain thresholds, but no such rule applies to shorts. My suspicion is that JPMorgan is involved in the SLV short in conjunction with its big COMEX short position. On the one hand, the concentrated COMEX short position has come down significantly; but on the other hand, the short position in SLV has grown to levels never seen. Is there a connection here? I think so. I did privately ask (at the highest levels) that the CFTC inquire into this with the SEC, but asking and getting are sometimes two different things. But given the unusual price action in silver, both at the beginning of May and late last week it would seem reasonable for the regulators to see if there is a connection between the COMEX and SLV short positions. These are very unusual circumstances."
"It is precisely these unusual silver short positions on the COMEX and in shares of SLV that contribute to silver being very special. These short positions exist for a very basic reason; there is not enough real silver available for sale at current prices. That makes it necessary for shares of SLV to be sold short, as not enough silver is available to issue new shares legitimately and in accordance with the prospectus. That makes it necessary for additional COMEX contracts to be sold by existing short holders even though they can’t economically justify their existing large short positions."

Sunday, June 26, 2011

Closing the 'Collapse Gap': the USSR was better prepared for collapse than the US

Picked this link off a message board. Even thow the article is dated 2006, it really rings true today and gives you a good difference of how well we can handle a collapse in our countries. The US is in serious trouble compared to the USSR.

How Silver is Like Oil: An Upcoming Explosion


Wednesday, June 22, 2011

Black Swans From New Normal

One of my favorite writers:

Euro Crises: Greek Austerity

James G. Rickards, market intelligence executive for research firm Omnis, interviewed today by CNBC about the Greek debt problem, remarked that he expects that the international bailout business soon will pass to the International Monetary Fund and result in the issuance of more Special Drawing Rights, money printing for which no particular government will have to bear sole responsibility, an engine of general worldwide inflation that will punish savers. Rickards added that to create more inflation, the Federal Reserve could buy gold in the market and bid the price up substantially, devaluing the dollar and easing debt burdens. Rickards will speak at GATA's Gold Rush 2011 conference in London in August:

KWN Special: Jim Sinclair & Dan Norcini

Why silver will fly soon!

Peter Schiff - US Set to Default, Silver Headed to $200


Bill King Interview: Europe is the Detonator – The U.S. is the Bomb

-We are currently seeing the Collapse of Western Socialism in Europe.
-A Greek default is the first phase of a chain reaction involving Portugal, Spain, Italy…and ultimately most sovereign debt.
-During this debt “end game” scenario, it’s critical for the investor to be postured in a defensive strategy – including physical gold and cash.
About the Guest: Bill King, has authored “The King Report” for over 18 years. It is an independent view on global, political, financial, and economic factors that influence world markets. As author of the firm’s daily research, Bill’s candid observations and forecast on the economic, financial, and political forces that are impacting the markets have been extremely accurate.

Tuesday, June 21, 2011

Indian Gold And Silver Imports Surge By Stunning 500% In May


The 1934 Case Against The Fed

Congressman McFadden on the Federal Reserve Corporation Remarks in Congress,1934

The Federal Reserve- A Corrupt Institution

If the Dollar Goes, What Happens to Your Portfolio?

Have you considered what will happen to your portfolio―and all the other areas of your life―if the dollar fails? The ramifications will be widespread, painful, and inescapable if you’re not properly diversified.

SGTBull07 and Lindsey Williams Interview

Lindsey warns of the coming collapse of all currencies and the default of American debt!

G. Edward Griffin on Inflation, Politics and the Power Elite


Trader Vic discusses his views on the gold and silver bull markets.


Catherine Austin Fitts

Insights from a former insider.

Friday, June 17, 2011

Fiat money inflation in France - Part 1: John Law

Jovanovic, Jovanovic.com, tell the story of the introduction of Fiat Money to France.
Part 1
Part 2

Saturday, June 11, 2011

Friday, June 3, 2011

SILVER: A Critical Strategic Metal?

The global demand for silver has exceeded annual production since 1990. In fact, demand has grown by close to 26% since 1995. The demand for silver originates from both industrial and investment sources and that gives the metal a high potential for growth.

Ron Paul Subcommittee Hearing 6/1/11 on Fed Lending Disclosure


Wednesday, June 1, 2011

Taxpayer identity theft is soaring

WASHINGTON – Imagine filing your tax return and learning that someone else got your refund. With your name and Social Security number, no less.
The IRS is grappling with a nearly five-fold increase in taxpayer identity theft between 2008 and 2010, a Government Accountability Office official plans to tell a House hearing Thursday. There were 248,357 incidents in 2010, compared to 51,702 in 2008.

Scotia Mocatta Loses 60% Of Its Physical Silver In One Month To "Reclassification", Total Comex Registered Silver Now Under 30 Million Ounces


Don’t Hold Your Breath

Our money system is one that is based on debt. For every dollar that comes into existence, there is a dollar of debt AND interest that is owed on that dollar. Quite simply, the only way for our debt based monetary system to work, is that every year debt must be increased in excess of the debt AND interest accrued the year before. This debt can NEVER be paid off, because if it did, there literally would be NO money in the economy and there would still not be enough money to pay the interest back. Please read that paragraph over again, it is so important that you understand that simple principle.

Michael Pento: Central Bankruptcy – Why QE3 is Inevitable