ISRAEL TRUTH TIMES

A blog dedicated to investigating events as they occur in Judea and Samaria, in Israel and in the world, and as they relate to global powers and/or to the Israeli government, public figures, etc. It is dedicated to uncovering the truth behind the headlines; and in so doing, it strives to do its part in saving Judea and Samaria, and by extension, Israel and the Jewish People, from utter destruction at the hands of its many external and internal enemies.

Saturday, November 13, 2010

EVERYBODY BUY ONE OUNCE OF SILVER: JP Morgan against the world, JP Morgan against the little guy. It's war: fight back!... Oh, and about Goldman-Sachs, below. Truly our favorite bankers ( and the Vatican's).

http://www.zerohedge.com/article/crash-jp-morgan-buy-silver-show-too-big-fails-who-boss

This is making the rounds of the financial world. It's Mike Krieger and Max Kaiser's idea, Alex Jones less than enthusiastic - makes you wonder why. I am all for it. 

More info here:
( see comment below)

.....  in this context:


.... and that context:

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:

You can buy silver coins here among others, if in the US.
In Israel, no idea where; other countries, check locally.









Update:

 Here is another great idea, which I implemented immediately. May I suggest you do the same?

From a Yahoo Finance board:

 "CFTC BOMBSHELL

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:
-----
From: OMITTED
To: Gensler, Gary; Chilton, Bart
Sent: Sat Nov 13 16:46:32 2010
Subject: Market Manipulation

Dear Sirs,
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.

Sincerely
-----
From: Chilton, Bart
Date: Sat, Nov 13, 2010 at 2:40 PM
Subject: Re: Market Manipulatiom
To: "OMITTED"

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."






UPDATE:

IT WORKED!

http://www.zerohedge.com/article/silver-shortages-accelerate-wholesale-supplies-plunge-kriegerkesier-1-jp-morgan-0?

Tuesday, November 9, 2010

I keep going on and on about this topic - maybe it is because our very freedom is at stake. What needs to be clarified is the TOP OF THE PYRAMID; just WHO are these owners? More about this later.

WHY I'M BUYING GOLD AND GUNS - by Porter Stansberry, of the S & A Digest; that's an intense one: he is actually LEAVING for Switerland!







 





PLUS A COUPLE OF BONUSES:





Thanks for the Silver: An Open Letter to JPMorgan and HSBC

By: Richard Daughty, The Mogambo Guru


-- Posted 9 November, 2010 e: SilverSeek.com

Ted Butler, famous silver analyst and the guy who kept up the pressure about the corruption in the silver futures market for the last 15 years, is in the InvestmentRarities.com newsletter recently talking about silver, and notes dryly that “world silver inventories are at their lowest point in 200 years.”

Well, this kind of news is for silver very important, but for me it is overshadowed by the new report of the company’s new Employee Satisfaction Survey, a stack of lies put out by the lying morons in the Human Resources Department, reportedly showing that my popularity is at its lowest point in my career, including that time when the Accounting Department burned me in effigy.
The report now includes an anecdote that 2 mysteriously unnamed employees now have comedic license plates on their cars emblazoned with the phrase “Go To Hell Mogambo (GTHM).”
Naturally, these two “unnamed employees” have to be Carl and Porky, two of the biggest nitwits in the whole company whom I have every day – every day! – told to buy silver because neo-Keynesian econometric madmen have seized control of the Federal Reserve and are creating so much money, so unbelievably much money, so impossibly much money that guaranteed inflation in prices will destroy us.
They never do.
And worse, nowadays they try to actually hide when they see me coming, making it difficult to advise them to, you know, immediately buy silver, which I am sure will prove to be the Biggest Freaking Bargain (BFB) of the next fifty years, if not more. More!
They are, like I said, nitwits, but they can run like deer.
And it is too bad, too, because they don’t get to learn that Mr. Butler says, concerning silver, “Here we have a vital material, known to all men for all time, literally disappearing before our eyes, both above and below ground. It is a material upon which modern life and rising standard of living are dependent. It is beyond indispensable, it is a miracle metal.”
Indeed, he adds that silver is used in so many industrial applications that “aside from petroleum, silver is used in more applications than any other commodity.”
Well, it turns out that silver is, as predicted, rising, but it may not be just because people are slapping themselves on the forehead and saying, “What was I thinking? I hate to say it, but that Loud Moron Mogambo (LMM) is right: We gotta get silver, fast, and in bulk!”
Or it may be because the corruption in the silver futures market, that Mr. Butler has long exposed, is coming to a head, as Ed Steer of Ed Steer’s Gold & Silver Daily reports that “of course” the big story of late is “news of the lawsuits filed against both JPMorgan and HSBC USA for conspiring to drive down silver prices and reaping hundreds of millions of dollars of illegal profits.”
Incensed, I immediately want to sue somebody, too! Those bastards! Those lying, cheating bastards!
Then I remember that I was able to buy silver all along because these scumbags kept the price of silver low with their manipulations! With a sudden start, I realize I owe them a note of thanks!
Stunned by the revelation, I sit down to compose my thank-you note. I write:
Dear JP Morgan and HSBC scumbags,
Thank you for manipulating the price of silver so unbelievably low by your corrupt naked-shorting So Freaking Much (SFM) “paper silver,” which allowed me and so many others to buy silver at low, low, bargain prices for all these years, which we did because we understand Austrian business-cycle theory and thus know that the treacherous Federal Reserve creating so much money will lead to terrifying inflation in prices, and we know that gold and silver will rise as the buying power of the dollar falls.
And especially silver, which is the subject of this note, and which should be selling at $90 Right Freaking Now (RFN) to maintain its historical 15:1 ratio to the price of $1,350 price of gold, which, too, is manipulated and thus destined for higher prices, dragging silver along with it.
And now both of these precious metals will go much, much higher from here because the treacherous Federal Reserve is literally asking banks and Treasury-debt dealers how many trillions of dollars of new money the Fed should create! Inflation will soar!
So, thanks again, scumbags!
Respectfully yours,
Mixed Feelings in Florida.
As for buying gold, silver and oil when the Federal Reserve is creating so unbelievably much new money so that the horrid Obama administration can deficit-spend it, my feelings are not mixed. They are gleeful, as in, “Whee! This investing stuff is easy!”


Silver Margin Hike Underscores Need for Bullion Ownership

By: Jeff Berwick – The Dollar Vigilante


rce: SilverSeek.com


On November 9th the Chicago Mercantile Exchange said it will raise its silver futures trading margins by 30 percent to $6,500 an ounce from $5,000 an ounce effective November 10th setting off a rapid sell-off in the metal.  No other margin requirement on any other metals was changed.
According to Reuters, "Exchanges often raise margins to mitigate risks as price volatility increases."
But, where is the supposed volatility in Silver?  The chart below shows an incredibly orderly upward rise in silver.
http://www.dollarvigilante.com/storage/2010-12-december/Silver%20Contract%20Aug-Nov.jpg?__SQUARESPACE_CACHEVERSION=1289400885046
In fact, the only volatility you can find on the silver contract in the last four months occurred in the moments after the CME announcement as this intraday chart from November 9th shows:
http://www.dollarvigilante.com/storage/2010-12-december/Silver%20Spot%20price%20Nov%209.jpg?__SQUARESPACE_CACHEVERSION=1289402342440
Clearly silver was targeted as having "gotten too high".  When was the last time margin requirements were raised on US Treasuries which are at all-time highs?
The financial authorities pulled the same chicanery in early 1980 when Nelson Bunker Hunt and Herbert Hunt had nearly cornered the market in silver. In 1979, the price of silver jumped from $6/oz to an all-time record high of $48.70/oz. The brothers were estimated to hold one third of the entire world supply of silver at the time.

But on January 7 1980, just like on November 9 2010, the exchange rules regarding leverage were changed, when Comex adopted 'Silver Rule 7' placing heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets.

This Time It's Different - Rise of the Dollar Vigilante

There is a big difference between 1980 and 2010.  Today it isn't just two rich brothers who are moving out of US dollars and other fiat currencies it is the entire population of the world - and it will only increase from here as people like Ben Bernanke continue to push their currencies into hyperinflation via programs deftly named, "Quantitative Easing".
Just as bond vigilantes brought the near hyperinflation of the 1970s to an end by selling government debt, today it is "dollar vigilantes", 6 billion people around the world who are slowly awakening to the mugs game of fiat currencies and central banking and are casting their own vote to sell dollars in favor of real assets such as gold, silver, agriculture and energy.

The Hunt Brothers Great Mistake

The Hunt Brothers were vulnerable because they borrowed money, or went on margin, to buy much of the silver they purchased.
Dollar Vigilantes today would be wise to own their gold and silver bullion in real bullion form and not in paper form to avoid the same fate.  There is nothing stopping the CME from continuing to raise margins on gold and silver, even to the point of not allowing margins at all, which could seriously damage the paper futures market.  But gold and silver bullion ownership is subject to no such threats.
The only threat to gold & silver bullion ownership is outright government seizure - something that also isn't outside of the realm of possibilities once world governments begin to implode from over-indebtedness.
For this reason, it is important to consider geographical diversification for your precious metals bullion holdings.  The Dollar Vigilante released a Special Report on "How to Own Gold and Silver" this week to subscribers in which we detail how to own gold & silver bullion safely and securely (Subscribe today to receive this Special Report - 90 day 100% Money Back Guarantee on Subscriptions).
The government and financial establishment on November 9th made it clear that they are declaring war on the precious metals.  They are about to find out that this time they are not up against one or two brothers, but the brotherhood of all of humanity who is turning its back on this failed centrally planned financial system and returning to an honest, free-market money.
Jeff Berwick
Chief Editor
The Dollar Vigilante

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse.  The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks.  As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably.  You can sign up to receive our FREE monthly newsletter,  our Basic Newsletter ($15/month) or our Full Newsletter ($25/month) with specific stock recommendations and updates at our Subscriptions page on our website at DollarVigilante.com.
Copyright © 2010 Jeff Berwick

From Silverseek, Nov. 10, 2010