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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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SteveMT's picture

Agree, but there is only a finite amount of precious metal...

and that amount appears to be 100 times less than previously thought.

You had a $1000, but now you only have $10 and everyone could be screaming for the other $990 very soon and there are no printing presses that make gold out of nothing!

Where that damn tungsten?

delivery

To break it, speculators will buy contracts and stand for delivery of the physical. At some point there will be no more physical to deliver.

Max Keiser covers this subject

in his report on Russia Today. Commentary on this subject runs from about the 4:30 mark to the 10:00 minute mark. The entire 27 minute clip is worth watching if you have the time.
http://rt.com/About_Us/Programmes/Keiser_Report/2010-04-01/5...

SteveMT's picture

Nice: I liked the Jackie Mason impression by Max

Thanks.

Max is a hoot!

BTW, later in the clip, the author of the HuffPost story talks about the NY Fed burying/hiding toxic assets when Teflon Tim was in charge there.

SteveMT's picture

The fact that there is 100 times LESS gold and silver in the....

world than people thought is no big deal? We are told that this is not new and has been going on like this for decades, so nothing to see here, move along? We will see if the mother-of-all big lies works!

"NIA believes the precious metals markets are currently being artificially suppressed by paper gold and silver that doesn't physically exist. At last week's CFTC hearings, Jeffrey Christian of the CPM Group admitted that banks have leveraged their physical bullion by 100 to 1. This means for every 100 ounces of paper gold/silver that trade, there could be as little as 1 ounce of physical gold/silver in the vaults backing it. However, Mr. Christian sees no problem with this because he says "it has been persistently that way for decades" and there are "any number of mechanisms allowing for cash settlements."

http://www.prnewswire.com/news-releases/silver-short-squeeze...

Is this in any way related to

the Restore America Plan by the Guardians of the Free Republic?
http://www.dailypaul.com/node/127780

Could it be that the plan is working and so called whistle blowers are jumping ship?

government of the people, by the people, for the people
---

Manipulation is the rule rather than the exeption.

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

"Under a gold standard, notes would be convertible to gold, so there would be no open market operations. However, open market operations could be used to keep the value of a fiat currency constant relative to gold."

Re-read that sentence again and again until it sinks in.

Genuine market forces operating in the current "market" would shock me alot more than manipulation.

But what JP Morgan is doing

benefits me as a silver buyer, but not as a silver holder. Moral dilemma for me as a buyer right now because I realize when this hits the MSM (months later) the price will soar even though I know it's falsely manipulated.

dilemma

Consider sending some of your profits to a food bank.

another road to nowhere ..sadly

I just see no real change coming from these "revelations'..

you need to educate yourself.

you need to educate yourself. there will be huge changes.. but ya know what go on being ignorant of the facts. when silver hits 1000.00 an ounce you are going to kick yourself real hard in the ass.

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

Now your silver forecast $1000 an oz rebelsoul?

So rebelsoul when exactly will silver hit $1000 per oz anyway?

I will fly out to Colorado and kiss your butt on TV if silver hits $1000 an oz this year.

But thats not going to happen. Silver along with the rest of the industrial metals are going to back off over the next 6 months.

Don't look for any meaningful rally until September or Oct. And then, don't look for $1000, not even $100. You'll be lucky if you see $21.

Credit is going to tighten, led by China, and when it does, commodities are going to take a hit, along with up to a 20% stock market correction.

JP Morgan has $2 trillion in assets and is the number 1 investment bank in the world. JPM earned $56 billion last year. One interview with one London trader is not going to squeeze them. JPM will just get their friends to short for them. Or find some other way out like discrediting the trader.

The same thing happened several years back with StockGate. Dateline did a piece on Naked Short selling in 2005. It never hit the air. Complete with interviews of whistle blowers. The whole topic went on ice until the major banks started getting shorted in 2008. Then the SEC banned shorting for "select, big bank stocks". The little guys got no protection.

Don't count your money thinking JPM will lay down and take a HUGE loss. If anything, JPM can claim clean hands, by simply blaming the fed and the treasury for asking them to take over Bear Stearn's position. I CAN HEAR IT NOW, THEY'LL CLAIM THEY HAVE JUST BEEN TRYING TO MAINTAIN AN ORDERLY MARKET BY EASING OUT OF BEAR'S BAD DECISION.

JPM has an army of lawyers. Recently, in US Bankruptcy Court, JPM won the right to part of WAMU's 2008 tax refund(ahead of WAMU's bondholders and shareholders), almost a billion dollars. That drops JPM's purchase price of WAMU down from $1.9 billion ( Wamu's real estate holding were worth that much) to only $500 million. A year earlier JPM had offered WAMU $33 billion in a takeover. Least we forget the JPM/ Bear Stearns takeover at $2 a share. And list goes on.

Lastly there has yet to be one indictment for fraud for any of the banks executives that caused the current recession. Nor the ratings agencies or any credit swaps hedge funds. Everyday more information comes out that these people, most of the ones still standing and some of the ones that blew up, knew exactly what they were doing and just didn't give a crap. So why would silver get special treatment? Answer: It won't!

So rebelsoul. when exactly will silver hit $1000 per oz anyway? I'm still waiting for your $25 an oz prediction from last year to happen.

All Ponzi Schemes come to an END

Your comment is incredibly misinformed, did you watch the video?

"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
Thomas Jefferson

no he didn't obviously

no he didn't obviously

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

My view: Nothing major is going to change near term.

The bankers are the puppet-masters.

Anyone who isn't one of them is a puppet.

Puppets dance based on who controls the puppet strings (money supply, interest rates, available credit, politicians etc).

Metals will stay right around where they are for some time (I feel 1 to 3 years).

There will obviously be 10% to 15% swings either way during this period.

Only when the inexorable inflation hits will we see big gains in metals.

But for now the new zero is $1000.00/Gold and $15.00/Silver.

This is just just my view and I'm no expert or anywhere near one.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

You are right! The bankers are the puppet-masters!

The bankers are the puppet-masters. And they regularly, when caught with their hands in the cookie jar, pay multi million dollar fines, and go about their business as usual.

Not to mention the M3 money supply has been contracting since mid-2009 in both the US and the eurozone. It has been slowing in other areas such as Saudi Arabia, where the M3 growth rate has fallen for five months. not good for industrial metals.

The day of reckoning is coming, but not until sometime next year.

Thanks Michael

for tying everything together and reposting.

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

this is really important.

this is really important. thanks for posting IVRP

__________
Freedom. Watch this video
http://youtube.com/watch?v=mhmbzE1TR0s
Pls donate here Ron Paul can still win
http://www.dvds4delegates.com/

Can anybody point me to a

Can anybody point me to a comparison of the specific predictions that Maguire made and what actually happened in the silver market?

Yea I just tested It out...

but doesn't look right going to bed look at it again tomarrow,,,hope someone can help us both out on this!

$ilver bump

$

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My ฿itcoin: 17khsA7MvBJAGAPkhrFJdQZPYKgxAeXkBY
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We're in a

lot of trouble....I hope these crooks are brought to justice one way or another...

“The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had." - Eric Schmidt

#######################

If you would of told me several years ago that I would be buying silver at $18 per oz.....thinking it was a good deal...I would of told you "You are crazy"...the time is now. $18 an ounce is a bargain when reality hits. When it comes to silver and gold....in my opinion...just keep buying....you are not going to lose!!!

just hit the Huffpo

Drudge will be next,
http://www.huffingtonpost.com/nathan-lewis/its-ponzimonium-i...

Patriot News
http://redpillpost.com
*
Stand up For your Civil Rights
http://SueBadCops.com

The Huffpo

article is different from what the guy in the video says. He talks about silver. Huffpo talks about gold,
He says rammed car into his car with he and his wife in it. Huffpo says Ran over him alomost hitting other pedestrians. ????

SteveMT's picture

car, This Huffpo article is excellent.

They beat Drudge, or is Drudge also turning a blind eye to this as well...hoping that the mother of all Ponzi scheme stories will simply disappear?

SteveMT's picture

Silver Short Squeeze Could Be Imminent

FORT LEE, N.J., April 3 /PRNewswire/ -- The National Inflation Association today issued a silver update to its http://inflation.us members:

.....Despite all of the evidence given by Andrew Maguire to the CFTC of gold and silver manipulation, Andrew wasn't allowed to speak at last week's CFTC hearing on limiting gold and silver positions held by banks like JP Morgan. Bill Murphy of the Gold Anti-Trust Action Committee (GATA) was allowed to speak (within a five-minute time constraint) and present some of Andrew Maguire's evidence, but right when his presentation began there was a technical failure of the live television broadcast, which was mysteriously fixed as soon as he was done speaking. Bill Murphy was scheduled for several mainstream media television interviews after the CFTC hearings, but they were all abruptly cancelled at once.

A couple of days after the CFTC meeting, Andrew Maguire and his wife were involved in a bizarre hit-and-run car accident in London where a second car coming out of a side street struck their vehicle, which resulted in a police chase using helicopters and patrol cars before the suspect was nabbed. Andrew and his wife were released from the hospital with minor injuries. (NIA does not believe in conspiracy theories but when you consider that this is a potential multi-trillion dollar fraud that could bring down the world's financial system, it really makes you think.)

The silver market provides a window into what is happening in the gold market. Because the silver market is very small and its short position is so concentrated, its price is easier to manipulate than gold, but the same manipulation is taking place in gold on a much larger but less noticeable scale. In our opinion, the CFTC is under pressure not to do anything about the manipulation because the lower gold and silver prices are, the stronger the U.S. dollar appears to be. If we saw an explosion to the upside in gold and silver prices, it would result in a complete loss of confidence in the U.S. dollar.

NIA believes the precious metals markets are currently being artificially suppressed by paper gold and silver that doesn't physically exist.

http://www.prnewswire.com/news-releases/silver-short-squeeze...

I dont see any fraud here!

This is akin to so called "insider trading" laws.......Harry Browne cogently squashes the so called "fraud" of insider trading laws.
http://www.harrybrowne.org/articles/MarthaStewart.htm

Now .....the story on silver would be fraud if someone who bought silver for delivery and then his contract was defaulted on ...then ....yes...you would have fraud, but from the above audio....I dont hear any fraud.

No fraud: just ignorance about the futures market

There isn't any. It is just a futures market. I don't think there is even any "insider trading" going on: it is not about having any special information about anything. It is just normal trading.