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BREAKING NEWS: MUST, MUST WATCH VIDEO RE: GOLD, AND ESPECIALLY SILVER
Andy Hoffman
All,
Three weeks ago, the below video showed up on the wonderful website Zerohedge.com. In it, those two cute, cuddly bears (from “Quantitative Easing Explained” fame) described in detail the JP Morgan/U.S. government led scheme to suppress the silver price by illegally naked shorting paper (unbacked by real silver) contracts, in order to both protect their massive, uncoverable short position and maintain confidence in the U.S. dollar and other fiat currencies such as the Euro.
Following release of this video, silver prices spiked up sharply, and the whole JP Morgan silver manipulation rose to a whole new level of market awareness, coming right upon the heels of the brilliant campaign led by Max Keiser, Alex Jones, and Mike Krieger to “BUY (physical) SILVER, CRASH JP MORGAN.”
http://www.youtube.com/watch?v=Gl47z2g2EvI
Also since that time, the U.S. CFTC, or Commodity Futures Trading Commission, had a special meeting (last week) to contemplate the long-discussed possibility of creating position limits in the COMEX (paper) metals markets, but as you can imagine, not only did they not vote to do so, even though the silver short position is so comically large and universally complained about, but they decided to not even take a vote on it! And this, after more than two years of discussion about the subject, of which more than 90% of all public comments have been complaints about the obvious, blatant silver manipulation.
Well, get ready for the next chapter in this rapidly coming-to-a-head drama, A SECOND VIDEO FROM THESE SAME CUDDLY BEARS THAT WAS RELEASED THIS MORNING, THIS TIME WITH A PLETHORA OF INSIDE INFORMATION FROM A JP MORGAN INSIDER, describing how the real, physical silver inventory at both the LBMA (London Bullion Market Association) and the NY COMEX are essentially gone, and that officials/regulators, such as the CFTC, are both well-aware and hopeless to prevent the oncoming defaults in both markets.
http://www.zerohedge.com/article/jp-morgue-whitsleblowers-
are-back-cuddly-bears-continue-expose-silver-manipulation-story
Additionally, it gives further evidence that global Central Banks have lied about their stores of gold reserves, most of which are long gone, sold surreptitiously (and subsequently illegally double-counted) to continue the aforementioned price suppression scheme. The Gold Anti-Trust Action Committee, or GATA (www.gata.org, www.lemetropolecafe.com) have researched this very topic for the past decade, and are about to be proven right on all counts.
All, do not be lulled into complacency by the holidays. The same things I have spoken of all along are only accelerating, and just because the Fed prints zillions to support the stock, dollar, and bond markets (for the latter, it doesn’t seem to be working too well) and illegally suppress gold and silver prices, doesn’t mean the end game will not arrive, right on schedule.
I believe the status quo of America will change permanently in 2011, and only those who have PROTECTED THEMSELVES will be ready for the very difficult transition to the next paradigm of America’s existence, which, among other things, will include a new currency (the dollar will be wiped out) that is backed by much, much higher priced gold and silver.
Andy
Current CFTC Commissioners
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