I propose that our One Inch Punch be the purchase of silver bullion.
Tyler Dudden at www.ZeroHedge.com has noted that there is a run on gold and silver at the London Bullion Market Association (LBMA) and they could run out of bullion. The Gold Anti-Trust Association (GATA) www.GATA.org has proof that there is one hundred dollars of paper for every dollar of bullion.
Recently, on an Internet radio show Bob Chapman had emails from servicemen stationed in Germany who bought gold. One man had to wait three hours for the privilege to pay 10% over spot price to buy gold. Another man who went back the next day to pick up his gold and was offered a 10% profit if he would sell back the gold he had just bought.
The Germans have seen their currency the euro drop from $1.50 to below $1.25 so they understandably want bullion.
The silver market is much smaller than the gold market and so I say we demonstrate our One Inch Punch by buying silver bullion. If, as GATA claims, there is a hundred dollars of paper out there for every dollar of bullion, we can more easily break the bank, the LBMA will run out of bullion and silver will soar in price and take gold with it.
Larry Summers was Treasury Secretary when he, Robert Rubin, Alan Greenspan and Arthur Levitt ganged up on Brooksley Born at the CFTC to force her to allow Credit Default Swaps to remain unregulated thus enabling the Great Mortgage Backed Securities fraud. It is illegal to sell a worthless security. But, if you cross it with worthless insurance in the form of a CDS and shop for a fraudulent rating from Moody’s or S&P, then you are free to sell worthless securities and to even make bets against the zero value bonds you just sold.
Larry Summers wrote a paper proving to his satisfaction that low interest rates can only be maintained if gold and silver are kept low. By selling gold and silver derivatives, the FEDs and their favored brokers and bankers have been able to hold down the prices of bullion.
There are many investors out there who mistakenly think that if they put money into an ETF that they own gold and silver.Low interest rates make all of this fraud possible.
Matt Taibbi of Rolling Stone magazine told us that Goldman Sachs and their friends in 2008 ran the price of oil up to $147 a barrel by buying every barrel 27 times before it reached the market by using money it borrowed for near zero dollars interest. colonel6.com/2010/04/26/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/
In 1979 the Hunt brothers who had read a novel called The Silver Bears tried to corner the silver market. They ran the price up to almost fifty dollars an ounce from six dollars. But they did it with borrowed money and failed when the SEC raised their margin requirements.
We could easily double the price of silver in a few months. And we do not need borrowed money.
When GATA made their announcement about the manipulation of gold and silver markets, some very large Hedge funds based in Hong Kong had decided to enter the markets because they had been convinced that the COMEX and the LBMA did not have as much bullion as they claimed. Bill Murphy had noticed that ever since the revelation of market manipulation that the 2% rule had been revoked. The Feds previously would sell derivatives to force prices back down. They are no longer able to do so. Prices have risen steadily ever since even though the dollar has also gone up temporarily as Europeans have fled the crashing euro.
What we need to do is to convince those Hedge funds that they need to invest half of their acquisitions in silver and half in gold to force up the price of silver which will break gold free. The best people to use to reach Hedge funds would be GATA, Tyler Durden, Max Keiser, Gerald Celene and Bob Chapman.
Alex Jones would be the best one to reach to get the word out to the general public.
We should also reach out to the anti-war movement. Max Keiser said that buying gold is the best way to stop the American Empire.We should also reach out to people who oppose the newly proposed law that would allow the federal government to accuse any American citizen of being an enemy of the state, arrest them, take away their civil rights and not release them from prison until the Congress passes a bill restoring their freedom and their rights.
Let”s make 2010 the year that the One Inch Silver Punch undid the New World Order.,
