November 12, 2010
– Comments (19) |
RELATED TICKERS: JPM
GW with the post here:
Leading economists and financial experts say that our economy cannot recover until the too big to fails are broken up. See this and this. The giant banks have been sucking money out of the real economy and making us all poorer. But the government is refusing to even rein in the mega-banks, let alone break them up.
One of the too big to fails - JP Morgan - manipulates the silver market. See this, this, this and this.
Max Keiser has an idea for attacking the weak underbelly of the seemingly invincible too big to fail banks and market manipulators ... all at the same time.
Specifically, Keiser said that if everyone buys just 1 ounce of silver, it will force JP Morgan - a giant manipulator of the silver market - to cover its short positions, and drive it out of business.
Watch these short videos for an explanation:
If each American bought ~3 ounces we could supposedly exhaust the bullion supply. Cool thought, never gonna happen either.
You are a real negative nancy. Next time you see your mom and step dad, punch them in the gut dropping you so much and making you a coward.
What? "never going to happen"? Did you say "never going to happen"? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!
And it ain't over now. 'Cause when the goin' gets tough...[thinks hard of something to say]
The tough get goin'! Who's with me? Let's go! [abitare runs out, alone; then returns]
What the fuck happened to the Fooldom I used to know? Where's the spirit? Where's the guts, huh? This could be the greatest night of our lives, but you're gonna let it be the worst. "Ooh, we're afraid to go buy silver with you abitare, we might get in trouble."
Well just kiss my a-s from now on! Not me! I'm not gonna take this. JP Morgan, he's a dead man!
I've bought enough to cover all of TMF.
I'm sorry but I'll have to agree with Ron. The chances of getting a bunch of media brainwashed Americans to buy silver in order to take down an organization that has the gov and the Fed in their back pocket is slim to none. We can't even get half the country to vote. The best way to cause the short squeeze with JPM is to have other countries like China, India, Russia, and Japan buy precious metals en masse because then those countries are not tied to the devaluing dollar.
And you are right, JP Morgan is a dead man, but his company lives on.
The only way to get the average American to buy silver bullion is to create a bubble in it. The short squeeze would have already happened at that point. The smart money will sell and JPM will probably become a net buyer. (I know GS will).
So I'm all about fight the power and all that but you can see just from the naysayers on this website that the chances of what you're proposing working are very slim.
When exactly did the Germans bomb Pearl Harbor?
Everybody buying one ounce of silver? The 99.9% of people who don't understand finance, the people who can't afford it, the people who work at big banks, the gov, the fed, the babies, the illegal immigrants...there's no shot even close to everybody buys it
Incidentally, Germany never bombed Pearl Harbor, it was Japan...just in case you wanted your facts straight
vriguy , Jbay76
Abit's making an Animal house Reference. so I think the "German's bombing pearl harbor" is a tounge in cheek rally call.
Oh, OK....my bad! well then game on. Lets say I want to buy pounds of silver, from whom should I purchase this from.. And then when I wish to sell it, how do I go about that. I will most likely do this transaction next month when I have money that I can set aside for this, but I still could use some "hand-holding". I admit it, I guess I could do the research, but it seems like some of you guys woudl already knwo the answer (read: Help Chris Graley!)..
If you want to make a political statement to your friends and relatives (to whom you could give one of these each for Christmas), go to End The Fed Coin at http://endthefedcoin.org/ and buy some 1oz rounds. The back shows a graph of how the dollar has devalued.
If you want to buy 1oz rounds that might end up as a backup currency (or long shot real currency) in a currency collapse, go to the AOCS Mint (American Open Currency Standard) at http://aocsmint.com/ and take your pick of many different designs. Half of the back has a fairly standard design that makes them coin-like, the rest is up to the designer to do with as he pleases (political statements largely).
If you just want 1oz rounds or bullion that is the least traceable and lowest markup, go to your neighborhood gold and silver exchange. At the one I went to (I've ordered from both the above, and only visited, not patronized, the local G&SE) the silver was low-markup, and according to the guy (take grain of salt here) amounts above $1,000 are not taxed (in my state) and amounts below about $10,000 are not reported, giving a nice wide sweet spot to do business in. He takes cash only. YMMV
We don't need to buy any silver and neither does China, Japan, or Russia. Because if there really is a chance to bring down JPM, then GS will do it for us.
There's no other name you need.
Thanks for #2. Great lines from Animal House.
Look at you being a team palyer, thanks buddy! :)
No Prob Option!
Also jbay76, I responded to your other thread.
Also, to respond to the thoughts that a bunch of individuals could not bring down the manipulation, I was never counting on that. It's either going to bring down itself or someone like Warren Buffett or Jim Rodgers is going to decide that they've had enough of it. I just want to be holding a bunch of silver when that happens.
Abitare, this is for you! We will be Victorious! Down with JP Morgan. I'll buy another ounce just for this cause.
All - sorry I missed this thread.... Don't worry. There are enough upset Russians, Chinese, and Middle Easterners that would love to see JPM fried and that are buying Joe Sixpack's share of silver and then some...
I am all in... :-)
Eminem team-up with Bob Chapman against JP MORGANhttp://www.youtube.com/watch?v=6JjiqWQbN5s
Eminem team-up with Bob Chapman against JP MORGAN