PabloCruise77's weblog
Just saw this on the web. I'd like to start a "Buy Silver Bullets for JP Morgan" campaign. If we can get 100 million in the US (or elsewhere) to buy at least one silver coin each, it would drive JP Morgan out of business. See the info and links below and please pass on!
http://www.washingtonsblog.com/2010/11/crash-jp-morgan-buy-silver-show-too-big.h tml
Friday, November 12, 2010
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, this and this.
According to the National Inflation Association, JP Morgan is “short 30,000 silver contracts representing 150 million ounces of silver. This is one of the largest concentrated short positions in the history of all commodities, representing 31% of all open COMEX silver contracts.” This could leave JP Morgan exposed if people go out and buy physical silver in large numbers.
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:
http://www.youtube.com/watch?v=gXt_Tx93940
http://www.youtube.com/watch?v=0bJK9K05Hgo
Silver is way down today, so it is a perfect time to buy.
Disclaimer: I'm not an investment adviser and this should not be considered investment advice.
"...It's the nexus... of the crisis, and the origin of storms..."
Categories: Finance, Economy, Monetary Policy Tags: Fed, gold, silver, coin, JP Morgan
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From: senator@feinstein.senate.gov To: Sent: Fri, 5 Jun 2009 1:07 pm Subject: U.S. Senator Dianne Feinstein responding to your message
Dear Mr. Lozancich: Thank you for contacting me to express support for legislation to increase transparency at the Federal Reserve. I appreciate your interest in monetary policy and welcome the opportunity to respond. The Federal Reserve was originally established in response to the country's need for a sound and independent central bank to manage decisions relating to U.S. monetary policy. I understand your concern with some of the unprecedented steps that the Federal Reserve has taken recently to ease the flow of credit and stabilize financial markets. On March 16, 2009, Senator Bernard Sanders (I-VT) introduced the "Federal Reserve Sunshine Act of 2009" (S. 604), which would require the U.S. Comptroller General to audit the Federal Reserve System before the end of 2010. This bill has been referred to the Senate Banking, Housing, and Urban Affairs Committee. Representative Ron Paul (R-TX) has introduced a similar bill (H.R. 1207) in the House of Representatives. Please know that I will keep your support for this legislation in mind should it come before the full Senate. While I recognize the importance of accountability in the operations of the Federal Reserve, I strongly believe that monetary decisions should be made independent of political influence or motives. You may be interested to learn that I supported an amendment to the Congressional Budget Resolution (S. Con. Res. 13) offered by Senator Sanders requiring the Federal Reserve to disclose how it has disbursed emergency economic assistance to financial institutions during this severe economic crisis. Be assured that I am carefully monitoring the actions taken by the Federal Reserve to help stimulate our economy and unfreeze credit for businesses and homeowners. Once again, thank you for writing. I hope that you will continue to share your views with me. If I can be of any further assistance, please contact my Washington, D.C. office at (202) 224-3841. Best regards.
Sincerely yours, Dianne Feinstein United States Senator
Further information about my position on issues of concern to California and the Nation are available at my website http://feinstein.senate.gov/public/. You can also receive electronic e-mail updates by subscribing to my e-mail list at http://feinstein.senate.gov/public/index.cfm?FuseAction=ENewsletterSignup.Signup .
Poll: Have you contacted Senator Feinstein about supporting S604?
3 votes so far. [View Results] |
Categories: Federal Legislation, Monetary Policy Tags: federal, reserve, Feinstein, HR1207, 1207, 604, S604
Showing comments 1—2 of 2
Posted 07/28/09
 rightsman Las Vegas,, NV | From where did this urgent need for a Central Bank come?
Were the American people of the early 20th century clamoring for a central bank? If the clamor arose, the history books have completely ignored that fact.
I doubt that the farmers, the shopkeepers, the ranchers, the cattle drovers, the lumbermen, schoolteachers and etc. were marching on Washington, District of Criminals shouting that a central bank was needed or the country would go to hell in a handbasket.
I have been informing our elected officials for some years now, that the Central Bank was a mistake, and should be corrected before the day is over. Do we still have any English speaking Representatives in Congress besides Dr. Paul? I wonder
Thank you,
Robert Walker |
Posted 07/28/09
 iclozm Placentia, CA | Feinstein has to go, she serves only private interests. Our interests need to be getting her out. She disgusts me. |
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Liberty Lovers,
Dr. Paul introduced H.R. 1207, the Federal Reserve Transparency Act of 2009, on the House floor in February. In waiting in the House Committee on Financial Services, our bill has accumulated over 275 cosponsors. The co-sponsors include Rep. Tom McClintock (CA-4)and Rep. Dan Lungren (CA-3), but NOT Rep. Doris Matsui (CA-5). The senate compainion bill, S. 604, has 17 cosponsors, including Sen. John McCain. Neither Sen. Feinstein or Sen. Boxer are cosponsors.
Why wouldn't they be in favour of making assessable audits done by the Government Accountability Office of the Board of Governors? Since the passage of the Federal Banking Agency Audit Act of 1978, the Federal Reserve Banks and the Board of Governors of the Federal Reserve System has been audited by the Government and Accountability Office under the Controller General and by multiple private accounting firms; however these performance audits have historically been presented solely to the Board of Governors themselves, and not to Congress. This is hardly consistent with the American principle of checks and balances. It makes me wonder what our elected representatives has to hide, or rather what they want to be ignorant of.
It is time to take action. Join us on Saturday, August 8th @4:00PM and be heard.
Where: Sacramento Memorial Auditorium 1515 J St Sacramento, CA 95814 http://www.meetup.com/sacramentocampaignforliberty/calendar/10900525/
Poll: Will you attend the Federal Reserve Sunshine Day on August 8th in Sacramento?
2 votes so far. [View Results] |
Categories: Campaign For Liberty, Finance, Action Item, US Constitution, Economy, Monetary Policy Tags: Fed, Audit, HR1207, 1207, Sacramento, 604, S604, Memorial, august
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