Keiser Says Silver At $47 Kills JP Morgan (Silver Now $46.63)

There is video along with the text, but for those who don't have time to view the video here is an excerpt: http://www.silverbearcafe.com/private/04.11/crashing.html

Alex Jones interview Max Keiser about the movement started a few months ago to crash JP Morgan by buying silver. JP Morgan has naked short sold more silver than exists above ground and at some point, the piper has to be paid, and "JP Morgan has put up their own stock as collateral against these shorts". Max states that once silver hits $47 an ounce, JP Morgan will be in shambles.
The particulars…


For every ounce that somebody buys of silver, JP Morgan sells 20 to 50 ounces of silver that don’t exist; it’s called naked short selling. That’s the simple; that’s the bottom line. They sell silver that doesn’t exist, it’s naked short selling, they’ve sold more than, by some estimates, 3 billion ounces short, but more than a billion certainly, and that’s the entire silver stock above ground. They’ve sold short more stock than exists above ground and they are on the floor everyday manipulating the price every time someone shows up to buy one ounce of silver, JP Morgan tries to sell 10 as a naked short sale. Silver that they don’t own, but at the end of the month, the books have to be square, the cromags have to physically deliver; just a few days ago, the cromags came once again within a hair’s breath of collapsing due to physical deliver; every month it gets closer and closer, and now, with what’s happening with the silver liberation army, which is being launched globally around the world, we are going to take whats remaining of silver, off, out of the physical stock, off the physical market and put JP Morgan six feet under.

Any comments to this?

 

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could you post the vid please.

 

the government would never let that happen

 

I've read some of Heller's articles with interest, but don't have enough background to know what to make of it all; it's certainly interesting theater.

I suppose if JP Morgan files for Chapter 11, their bond holders will get some money, but that's about it. I imagine all the short contracts will go into default and it will be up to the DTCC (Depository Trust & Clearing Corporation) to cover the contracts.

I don't know where DTCC would get the money if not from the US Government (you and me). If we're talking about a billion ounces of silver, that would only be about $46.68B...a drop in the bucket compared to the rest of the mess we're in. :help!A:

 

You can find it with google. Just use his last name, silver, jp morgan.
It is political, and I would prefer not to have it posted as a video. I the OP wishes
to put up a link, he can.

Jim

 

I put the link in, Sorry about that. I didn't put it up to cause a stir, I was just curious about the story since there are many posts about the predictions of silver. "The only way to predict the future is to invent it."

 

I'm firmiliar with Keiser's "plan", but this seemed like something new that I have not seen.

 

I've heard of this plan awhile back. Many people didn't think it would happen. What is new to me is the name of the organization. A bit too close to the uh-70's name. Remember Patty Hearst?

The way I understood it when I first heard this story on Coast To Coast AM, the idea was to get normal everyday people to invest in physical silver. Folks who normally don't even think about investing. Apparently in some fashion this idea has taken root, or it appears so. If you really think about it, if just one person bought one ounce of silver, ( there are roughly 292 million people in america, don't hold me to that my numbers could be off, I'm recalling from memory" that's 292 million oz's. I'm no expert but I don't think there is THAT much physical is there? I could be wrong. I'm still learning like most of us are. Now add that to us regular collectors who have been collecting for years, not for just investments or hedges, but for fun and the history of it all. That's a lot of people I think. Wait until more people start hoarding their copper pennies. May take a few years but I can see a copper penny becoming somewhat valuable.

 

I would be pretty surprised if JPM had to file bankruptcy. They are one of those names that has been prevalent throughout somewhat recent history. Even if this business fails, the extended family has many others that will prevent their sphere of influence from diminishing. Considering they were instrumental in creating the Federal Reserve, I doubt their brain child would leave them hanging.

 

I don't see how JPM can go under as long as the Federal Reserve can just print more money and hand it over to JPM. Until we get a President and by association, a justice department that is actually interested in cleaning up this rot, it's not going to change and JPM and the rest of the TBTF banks have nothing to worry about. Remember they predicted that JPM would fail during the December delivery period and what happened instead, the investors settled the shorts with cash and were paid a handsome premium for it.

The investors buying these massive naked shorts know there is no silver to back them up and thus expect to make a huge premium on top of the gain to settle these shorts in cash. It's free money via the taxpayers for those with enough money to play the game. They are following the exact game plan that was played by the hunt brothers in the late 70s and by Buffett in the late 90s. The danger is when they sell their position and as a result, the price of silver collapses. (Or if by some miracle, the Obama makes Eric Holder start a criminal investigation of banking fraud. Yeah, I know, will never happen.)

You small timers buying up physical silver, under the mistaken belief this run up has something to do with the economic policy of the USA or demand for physical, stand to be the ones left holding the bag. You can't get rid of your silver as fast as those shorts can disappear. If you don't think history can repeat itself, and this marks some new pricing for silver, think again.

Finally note this same scenario isn't possible with gold. That is because tens of thousands of tons of gold are held by the various central banks and governments of the world. There is no way for a private investor to corner the market.

 

http://www.usaliveheadlines.com/245...ipulation-by-hsbc-jp-morgan-by-max-keiser.htm

Here's another link to Keiser's scheme of "Crashing JP Morgan by buying Silver". Interesting reading if nothing else.

The best comment on the article is this: "I buy Silver because it’s what we all need to do right now to preserve our wealth and if that takes down JP and others – even better! …As long as the taxpayers don’t get stuck with another bailout."

That last sentence (my italics) says it all.

 

Too big to fail, right?
Lucy

 

Here's someone else's take on Keiser's campaign:
"PEOPLE … PEOPLE!
Chill out for a 2nd, I`m seeing “Buy a silver coin” appearing all over YT
I like Keiser as much as you do, but maybe we should think this thru
He`s a ex-Wall Street hustler who`s turned renegade (or so he says); but say we all invest our last remaining $/£ in silver…. = Keiser`s huge stock in the metal jumps up astronomically = then? he bails & sails to an atoll with Miss Herbert with the profits as the silver bubble POPS! & watches the results on tv laughing : /
"