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Video: Andrew Maguire/World Silver Fraud Explained

"JP Morgan, the gig is up."

http://www.youtube.com/wa...

7:37

Full interviews with Eric King on King World News:



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your argument is wrong. jp

your argument is wrong. jp morgan shorting the market in the way that is has , has nothing to do with the free market. JPMORGAN has sold something it does not have. They have cornered a market usuing their vast monetary resources. The hunt brothers tried this in 1980.. why would the government go after the hunts when they had a 10% long position but not go after jp morgan and 2 other large banks who have a 66% posiotion on the short side. This has nothing to do with free markets. Now since the CFTC has looked the other way for so long, this is going to blow up in their faces. I suggest you listen to Maguire again and understand what has happened and what the consequences will be. What Bear stearns/JPMORGAN has done is wrong and illegal. They artificially kept the price of silver so low that now there is a huge shortage. If you know the significance of silver and what it does you can see that it has placed this nation in a bad postion.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

Wrong again rebel soul , stop pulling crap out of your backside

JP Morgan is the custodian for SLV, They hold 295,088,143.400 ozs of silver for iShares. There is 9,178.27 tonnes of your short. $5,219,751,113 worth of silver.

Since iShares only settles in Cash, and they have an expense ratio of only 0.50%. And that 0.50% covers all expenses including storage, do you want to bet JPM is using that deposit to short against? And since the are custodian, not the owner, they can not be accused of cornoring a market hollow point head.

http://us.ishares.com/product_info/fund/overview/SLV.htm

So chicken little, how much other silver do you think JPM holds in custody to be settled on a cash basis with them? The game is rigged. And the man on the silver mountain,that would be you rebelsoul, is not going to see $1000 or $1500 silver any time soon. Wrong again!

Since when can a custodian of

Since when can a custodian of someone elses property use that metal to cover its own shorts.. also mr. naive know-it-all, go read some of Butler. it is known that the ETF's have been breaking the rules of the ETF and leasing the metal. Dude we all know you work for JPMorgan or some other big bank. Only a person with a personal interest would get a turd caught crosswise like you over this. I think its real funny to be honest.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

I am a long-time member of

LeMetropole Cafe and a Privateer subscriber. Both Bills are worth their weights in non-tungsten filled gold.

Ron Paul "Sign Wave Across the USA" -- November 5th!

Strangerr my take on those

Strangerr my take on those who pooh pooh the breaking news of possibly the largest fraud in history through manipulation of the precious metals market is a simple one -- they do not own any precious metals or they are just plain stupid. I have no exposure so I have nothing to be concerned about in that respect. Anyone at risk should act immediately to protect their investment(s).

For those that may not know what you are talking about, I copied an excerpt from the front page of this forum: "Andrew Maguire is an independent metals trader turned whistleblower at the center of a storm for exposing what could be the largest fraud in history involving countries, banks and government leaders."

"Adrian Douglas Board of Director from GATA, the man who Andrew reached out to joins in this interview where they discuss a fraud so extraordinary and so unimaginable that it is the kind of thing that only happens in Hollywood thrillers."

paper market cashing in

Imagine what happens when those holding precious metals on paper demand delivery.

cash out

From those interviews, it seems they may pay out the contracts in cash.

I suspect they will declare "force majeure" and write a check.
http://en.wikipedia.org/wiki/Force_majeure

fractional reserve banking..fractional reserve "shorting.."

seems all the same but certainly isnt .. dollar fraud impacts much more than silver bingo..

Sent to MSM....

Trying to get some coverage of this very important fraud...

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I know major allies who fund them" Gen. Dempsey referring to ISIS

Welcome to GATA's world.

.

Ron Paul "Sign Wave Across the USA" -- November 5th!

yikes. way scary

What do you think about the various precious metal funds or trusts? I have some silver Ishares, which is supposed reflect the price of silver, but who knows if they really have silver anymore?

JP morgan is the custodian for SLV

They hold 287,880,359.000 o.z of silver.

cash in

I would cash in your precious metals i.o.u's and buy the real thing at a pawn shop or coin show.

If you are buying or selling

If you are buying or selling precious metals Blanchard in New Orleans is very reputable. I only buy through them.

http://www.blanchardonline.com/blanchard_products/bullion.ph....

Too expensive

I use www.apmex.com
.
American Eagle Silver is 80 cents cheaper here...
.
http://www.apmex.com/Product/23331/1_oz_Silver_American_Eagl...

Thanks. I will check them out

Thanks. I will check them out before making another purchase.

"THE ROTHCHILD FAMILY SETS THE PRICE OF GOLD AND SILVER

TWICE A DAY IN LONDON. ANYONE HOLDING PAPER ASSETS IS A FOOL" ~ BOB CHAPMAN ON THE ALEX JONES SHOW

;-)

good 'ole chapman has some strong one liners.

"Freedom on this Earth can only be found within oneself. All the power you'll need is inside - embedded within you."

???

Unable to download from youtube but can from dp.

What breaks the camels back???

I listened to the video but didn't quite grasp the collapse part.

Exactly how can this fall apart if the ultra-rich/powerful don't wish it too. If they can control it then why kill the system?

Anyone know? What would it take for this house of cards to come down?

simple... there is not enough

simple... there is not enough physical silver to cover
all liabilities. LOOK FOLKS I HAVE BEEN ON HERE 3 YEARS telling people- If you want to get educated on this go to www.butlerresearch.com Ted Butler explains how this will blow up in the faces of the manipulators wether they want it to or not. ALL MANIPULATIONS END AND END BADLY FOR THE MANIPULATORS. Don't buy the bs from people like jeff3456098 that this manipulation can go on forever. IT CAN'T. because of the 25 year manipulation in silver, all the world stockpiles of silver have been consumed in 1000's of products we all use everyweek. Since the price was manipulated down, Miners did not mine it because it was UNDER the price of production. New Silver only mines will not be brought online anytime soon. it take 500 million+ and 5-7 years to get permits to open a mine. Not having to physical silver to cover the short contracts is what will blow this thing wide open. Now some say yea but they will pay in dollars not metal- maybe but that is still a default, there is still a very serious shortage of physical metal and the price has to explode. READ BUTLER HE WILL ANSWER ALL YOUR QUESTIONS.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

JP Morgan is the custodian for SLV, They hold 295,088,143.400 oz

JP Morgan is the custodian for SLV, They hold 295,088,143.400 ozs of silver for iShares. There is 9,178.27 tonnes of your short. $5,219,751,113 worth of silver.

Since iShares only settles in Cash, and they have an expense ratio of only 0.50%. And that 0.50% covers all expenses including storage, do you want to bet JPM is using that deposit to short against?

Bloomberg:

The iShares Silver Trust's silver and other assets are valued on the basis of each day's announced London Silver Fix, the price for an ounce of silver set by three market making members of the London Bullion Market Association, minus all accrued fees, expenses and liabilities.

and you would believe what

and you would believe what crooks say? it is also known that SLV has leased much of that silver even tho they are forbidden to do so. AGAIN JEFFRY.. find your information outside of the crooks who are manipulating the market.. So I know you have not listened to Maguire tell you EXACTLY how they manipulate the market. You also ignore the fact that Maguire sent a letter to the CFTC telling them that is was coming and BEHOLD it happened just like he said it would. What is it you can't get through your head? why are you such a naive little man?
also how can JPMorgan use silver held in trust to cover its own short position? AND PROVE THAT THERE IS ALL THAT SILVER IN THE SLV. where did the SLV get that silver when the comex doesn't even have that much.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

I'm reading Butler's articles now

Any you suggest specifically?

SteveMT's picture

There is 100 times less gold and silver in the world.

The people being "ponzied" are all those holding the paper that "guarantees" that there is real gold behind this paper, which is 100 times leveraged and wrong. If these people holding the paper demand shipment of this gold and silver, the market goes kaboom!

That is how I understand this scheme. I'm sure that others can explain it better.

That's half of it.

The other half is the open market operations of the ever loving central bank.

http://en.wikipedia.org/wiki/Open_market_operations

In order for fiat money to actually function as money, there has to be an imputation of value. An "artificial demand" so to speak.

Fiat money is remarkably "elastic", but if you stretch it too far - it snaps.

If it gets out there's a

If it gets out there's a silver shortage, it could cause panic buying. So far the speculators are getting in.

It may be a bit tough to say

It may be a bit tough to say that panic buying will have any effect. The MANipulatorSS have TRILLIONS of dollars to do whatever they want to the market. If THAY want the markets to go KABOOOM... then it does. If they want silver to go to $5... it does. It MAY seem that they lost control...

but be NOT CON-fused...

Does my burka make my butt look fatwa?

Wacko.. that is wrong. the

Wacko.. that is wrong. the problem is they do not have the physical silver. Panic buying is a huge possiblity. silver is used in 1000's of products. these multinational corps and smaller corps will panic to secure enough metal to keep their assembly lines open. Since most products use tiny amounts of silver they will pay whatever price needed to procure silver.
it will only raise the cost of their goods a few dollars, but they have to have it. there is no other metal to talke silvers place to make these metals. I don't care how many trillions of dollars they have. they do not have billions of ounces of silver.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

Paper, Physical Price Break

That's right. They can paper the price down to zero if they feel like it, but when physical demand surges and supplies dry up, the miners will stop accepting peanuts.

The global financial mafia may have succeeded in momentarily keeping news from getting out by pulling the internet plug, but when they did that, and when McGuire was involved in what looks like it could be a mafia retribution hit and run, they gave the story legs.