Silver Manipulation and Bitcoin.. Any Connection? Please share your thoughts.Submitted by PeacefulAnarchism on Tue, 04/02/2013 - 23:08
So If you read my past posts you will see I am a huge Bitcoin advocate. However, just because I like Bitcoin doesn't mean I dont have my suspicions about it. Today while I was "Meditating" and thinking about the Craziness over the past 2 months in the Bitcoin Market a thought came to mind.
Physical Silver Demand has gone through the roof this year, I believe the demand is the highest it's ever been. The US mint had to even cancel production a couple of times because they sold out of Silver Eagles so fast.
We know they're huge Naked short positions and other derivatives driving the price of Silver down. Basically the physical silver market is being manipulated by the paper market. However markets are only manipulated for so long and so far until the scam is revealed. The revelation occurs when investors believe that the amount of silver their paper certificates say they are holding do not correspond with the amount of physical silver available. At this point a massive panic into physical Silver kills the manipulation because Vaults are being emptied and exchanges are now charging huge premiums. Demand for paper silver is crushed and at this point silver has broke away from it's paper market manipulation. The new Silver price is the physical price. Due to the laws of Supply and Demand the new physical price gets exponentially catapulted higher because its physical supply has been concealed for so many years by paper deception.
So what do we know? We know that central bankers rely on a corrupt system that thrives by suppressing Gold and Silver prices. We know that the demand for physical silver was higher than ever threatening to reveal their price manipulation. We all know the extent Bankers will go to keep their paper Ponzi scheme alive. This is a system that literally extracts huge amounts of wealth with very little effort from masses into the hands of a few. If they felt that anything threatened their evil little system they would literally kill for it (ask Libya and Iraq).
Exposure of their silver paper ponzi scheme could have severely crippled their Paper dollar FIAT system. JPmorgan would be bankrupt overnight if they had to cover their silver short positions. So it was time for them to drive the price down but how? The manipulators were at a point where they couldn't create any more derivatives without risking the revelation of their Scam. So what to do if you're an evil little central bankster?
If I were one of these evil fucks, Id come up with a scheme to distract investors from buying up physical silver. The idea would be to kill the Demand that was starting to reveal their Scam. Sounds simple but how do you do this? Well, Buy up Bitcoin and create a huge Media buzz to divert investors who normally would have bought Silver to now purchase Bitcoin i.g. Max Keiser. Just a few months ago he's screaming" "Join the Silver Liberation Army; buy physical silver and crash JPMorgan!" and now screaming "I'm a Bitcoin Millionaire!" I have to admit that I myself have even thought about selling some of my Silver for Bitcoin and I'm sure many other have as well. I can say without a doubt I have bought less silver because of Bitcoin and again, I'm sure so many others have as well.
This is all conspiracy theory but I really dont put anything past these fuckers. Lets say this Bitcoin run up was all part of some master plan? What did this cost them? A billion dollars maybe? In a world where trillions exist? In a world where Bernanke can create a billion faster than he can fart? and whats the result of this Billion dollar run up? Well they killed the demand for physical silver delaying the inevitable collapse of their scheme. A Billion dollars seems like a small price to pay to keep their dollar paper Ponzi Scheme alive.
By the way I still love Bitcoin, Its freaking ingenious. However, I wouldn't put it past these evil shit heads to manipulate Bitcoins to further their game. I think they do so with an incredible risk but who knows what they have up their sleeves.
I still say have Bitcoins, Have Silver, Have Gold.
Before that though always have your basic life essentials covered.