RSS
 


CRASH JP Morgan BUY SILVER

13 Nov

Max Keiser puts a call out to the free world to Crash JP Morgan – BUY SILVER -

In the face of the latest RICO Class Action suit against JP Morgan for market manipulation in the silver markets, a movement has sprung up call ing for everyone to go out and buy a few silver coins – if everyon in the US just bought one coin, it would catch JP Morgan in their short position with no where to go…

We’re in… We encourage everyone to join this “move your money part 2″ exercise in teaching the bankswers that we know how to play too; and we are not going to let them continue to rape and pillage the economies of the world for their private gain.

Crash JP Morgan  BUY SILVER -  Max Keiser

This piece from economicvoice.com gives the background on the Andrew Maquire whistle blower story on JP Morgan and HABC’s manipulation of the silver market that has led to the law suit filed in US district court -

The call to Crahs JP Morgan Buy Silver is based on the bank’s ongoing naked shorting of the silver market and what has been aledged as massive fraud in the silver market as manipulated by major banks – Max has said to watch for a new story to break on this within a few weeks when Andrew Maguire will be a guest on his Keiser Rerpot.

Andrew Maguire was the whistle blower who reported the market maniuplation a few months back and had his car side swiped and was nearly run off the road within 24 hours of the story coming out in London – You can find a full coverage of the story of his expose over at KingWorld News as well.

Max Keiser tells the world to Crash JP Morgan, buy silver

max-keiser-tells-the-world-to-crash-jp-morgan-buy-silver

November 12th, 2010
Author: Jeff Taylor

It is now reaching the general consciousness that it is those with the money that control our destinies. Where once many believed that our betters who order our lives reside in Westminster, the realisation that those with the power are more likely to inhabit the City’s Gherkin building is dawning on us.

Some of those people are now heading the largest and arguably most successful institutions in the world, the banks. Everyone now wants to get in on the action of money shuffling. And as they do the more of a monster it becomes until every move some of them make shakes the markets. And then the temptation to use that might turns into corporate policy.

On the 27th October two traders, Brian Beatty and Peter Laskaris, filed lawsuits against both JP Morgan and HSBC accusing them of manipulating the price of silver by “amassing enormous short positions”. The lawsuits being brought at the US district Court, Southern District of New York, which are also seeking to gain a class action status, allege that “… between in or about March 2008 and continuing through the present, Defendants have combined, conspired and agreed to restrain trade in, fix, and manipulate prices of silver futures and options contracts traded in this District on the COMEX division of the NYMEX.  Defendants thereby have violated Section 1 of the Sherman Act, 15 U.S.C ¶1. Also during the Class Period, individual Defendants have intentionally acted to manipulate prices of COMEX silver futures and options contracts. Such conduct violates Section 9(a) of the Commodity Exchange Act, 7 U.S.C. ¶13b.”

The following day the National Inflation Association (NIA) assessed that JP Morgan are so short on silver and that the silver market is so tight that “…. silver prices could literally rise to $50 per ounce overnight. NIA estimates that $50 per ounce silver would mean approximately $4 billion in losses to JP Morgan” (…. more).

Bart Chilton, a US Commodity Futures Trading Commission (CTFC) commissioner said “I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public, and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act (CEA) have taken place in silver markets and that any such violation of the law in this regard should be prosecuted.”

Max Keiser, (TV presenter, radio host, entrepreneur, broadcaster and journalist) who dubs JP Morgan as “the biggest financial terrorist on Wall St” and wants to give it a bloody nose, is calling on people to crash JP Morgan by buying silver so making its price go up leaving JP Morgan with a huge short position to cover.

Also stepping up to the mark (or maybe penalty spot) for a bit of bank bashing is the footballer Eric Cantona. He points out that it is a waste of time to wave placards, if you want to bash the banks just have a co-ordinated withdrawal of depositors money (well the first 5% that the bank actually has anyway). Then ” … they will listen to us in a different way” as the run forces them to the wall. There is a push in France to do just this on the 7th December (see video below).

Now, how about the double whammy? Take money out of the bank and buy silver! But just remember if you do, to buy physical silver and take delivery. The bits of paper that say you own silver are just that, bits of paper.

If you’ve got no money to withdraw and no money to buy silver then lend your support to Douglas Carswell MP who is campaigning to straighten the UK banking system out. At least then you can ensure that the money in the bank belongs to you and not the bank and that you can therefore dictate how they use it. Or maybe claim a free ounce of silver from BullionVault.

 

Tags: , , , , , ,

Leave a Reply

You must be logged in to post a comment.