Not sure if anyone mentioned this or not but if you go to the Financial Sense Online Aug. 16th, Jim Puplava and Eric King have a segment follow up re "Crime of the Century". Looks like the regulators won't have to get involved in chasing down the naked shorters and investment bank scams that have robbed from millions over the years, especially in the PM and JPM stocks. Seems some of the legal beagles took the "Crime of the Century" series seriously and have been quickly financed by a very wealthy American as they sniff out huge rewards.

Apparently, massive class action law suits will begin to be launched later this year in Canada and the U.S. against the culprits we have loathed so long. These law suits will be much bigger than the "Tobacco" or "Asbestos" suits of the past and the lawyers smell huge bucks. This legal frenzy which is now starting with serious and gaining momentum will be quick to strike. They are collecting data from the indelible trading records of all transactions of all involved. It is whispered that one group of over 60 companies will be commencing action soon.

There is no place to hide as the investment banks are exposed one by one and they pay for their sordid deeds. Who will be their management and employee/trader scapegoats as they go down in flames? What will this do to the reputation of some of our "ethical" Canadian Banks? Odd that the US is laying down the law this week to stem the naked short actions that they have "overlooked" for so many years. Why the sudden change of face? What will the repercussions be as the illegal short selling and other tactics are divulged? How soon will the manipulated JPM markets react if the instigators quickly halt their devious little games knowing that a laser beam will soon be focused on their foreheads? How much will shareholders realize out of all this?

Stay tuned. On a Sept. segment of Puplava, he will have some of the law firms involved on his show. One wonders out loud if Jim Sinclair's "Chamber of Mines" initiative has real traction.

I always knew lawyers had their saving graces and this time it's the bad guys who will be paying them handsomely....on our collective behalves.