Move Your Money Part 2: Buy Silver to Help Stop Market Manipulation and Show Too Big To Fail Banks Like JP Morgan Who Is Boss→ Washington’s Blog
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.
Mike Krieger and Max Keiser have 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, they say 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:
I sent this email on Saturday, Nov 13, 2010. As you can see, I received a response to this email from CFTC Commissioner Bart Chilton hours later. Please read the email below:
To: Gensler, Gary; Chilton, Bart
Sent: Sat Nov 13 16:46:32 2010
Subject: Market Manipulation
It is quite obvious that the CME Group, JP Morgan, and the other big concentrated silver shorts rigged another collusive sell off of HUGE proportions last week.
It had nothing to do with silver supply/demand fundamentals. It had everything to do with the crooked banks such as JP Morgan trying to get out of their disastrous short positions due to billion-dollar margin calls in the past few weeks.
Please establish transparency, integrity, and order back to the silver market. We need position limits enacted as per Senator Dodd's bill.
Please enact a 1,500 contract position limit on silver and do away with the naked shorting which is criminal and manipulative for a free marketplace.
From: Chilton, Bart
Date: Sat, Nov 13, 2010 at 2:40 PM
Subject: Re: Market Manipulatiom
Thx. I agree we need the limits.
This is proof that the CFTC regulators are getting our emails and hearing our voices for position limits in the silver market.
When the proper positions limits are in place, the silver manipulation will end and silver will revert back to a free market price, which is much higher from here.
Everyone reading this message needs to take 5 minutes of their time now and email these two CFTC heads regarding implementing position limits of 1,500 contracts per entity as per Ted Butler’s recommendations. You can reach CFTC Chairman Gensler and Commissioner Chilton at these addresses: Ggensler@cftc.gov and Bchilton@cftc.gov
We need to flood the CFTC email inboxes with thousands of emails by Monday morning.
The next CFTC meeting regarding silver position limits and other important issues is on Nov 29th.
According to silver analyst Ted Butler, the rigged sell off last week was a collusive effort between the CME group and the big shorts, which allow the big shorts to continue covering their concentrated short positions. This only strengthens the future for silver and all silver mining companies."