SGTReport.com has released an excellent interview with GATA’s Bill Murphy and Jeff Nielson. Bill covers the PHYSICAL metal pouring out of Europe on its way to Asia while the U.S. government EXPORTS hundreds of millions of ounces of PHYSICAL metal to the UK in an effort to fill the LBMA’s rapidly emptying shelves. We also talk with Jeff Nielson about his incredible 3-part article ‘Silver’s Smoking Guns’.
GATA’s Bill Murphy & Jeff Nielson: SILVER SUPPRESSION EXPLAINED
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Three card monte. One card is the USA (Joker) One card is the UK (2 of Clubs) The third card is China (the other 51 cards in the deck). I think the deck is stacked.
Here is a weird thought. If TPTB in the US are shipping very large quantities of silver to bailout the LBMA, is it possible that their thinking follows along some strange permulation of sheeple impoverishment as well.
That they can deplete this country of silver stocks to help their cronies in the UK, is it also their notion that by doing could they actually make silver so scarce that we, the people, would end up with literally no silver available at any price? Beggar thy neighbor is mightly popular with fraudulent governments and their power elites.
Thus they push off the day of reckoning that results in the physical (and moral) bankruptcy of COMEX and LBMA by these delaying tactics, they also end up making the the US population poorer by degrees by selling of our silver- based birth rights.
Average Joe and Jane end up having little to no silver in their possession, forcing them to rely on the terrorism of FIAT currency while finding no hard assets like PMs to secure a safe harbor against currency debasement and In(hyper)flation?
I am not sure if this is taking the conspiratorial nature of government one step to far or is a reasonable speculation.
I can totally believe it, plus if there isn’t enough silver here to have a PM backed currency replacement, same for the gold that is probably missing, it forces the US public to use the government issue monopoly money.
It might be more simple than that, AG. It’s possible that the LBMA was verging on collapse due to heavy delivery to Asian financial interests and there are likely agreements between LBMA and Comex to cover each other’s shortages such that they stick together rather than face collapse separately. Considering all the derivative nonsense that has been spread across the globe, some sort of silver derivative could exist between US and UK bullion markets that would collapse our market via various CDOs and such if LBMA is facing collapse. I don’t know that anything less than this would cause the US to pony up so much silver. Besides… “hundreds of millions of ounces”? WTH? We’ve been told for YEARS that there is only about 1/2 billion ounces of silver above ground in all the world. My question would be, “Where did all this silver come from?”.
Ed_B
500 million ounces is impossible , if for no other reason , then just the amount of silver in pre 1964 quarters is at least 800 million ounces .( assuming there were 4.4 billion quarters minted , times .18 ( silver content per quarter ) equals to 792 . that does not take into account dimes and other collectible coins ) so , there is plenty of silver , at least for now . maybe , that is , where the silver is coming from , melting of all the junk silver . Possible ?
Possible? Maybe. It begs the question of, “How much of the original junk silver remains?”. It is also possible that a lot of it has already been melted down and sold off to be consumed by industries around the world. Since the US gold hoard has not been audited since the mid-1950s, it is entirely possible that neither has the US silver hoard. Things that are claimed but not audited raise my suspicion flag.
People should be angry about that! The American founding fathers originally separated the USA from England so that the USA won’t be powering up the England with their wealth. Today, they are depleting the USA’s silver stocks to help their cronies in the UK.
Thought not weird AGX. It could be possible that they will do everything they can to lower the morale of the people here. Think about it. Where else in the world can so many people defend themselves from the grip of tyranny. Only here. Get rid of the peoples money and take their guns. They can ship away all the silver they want but the have to do it fast as we are all stacking and they are aware of this. No will, no money, no guns, no food and they can do whatever they want. Stack on!
“No will, no money, no guns, no food and they can do whatever they want.”
While that will probably work against sheeple it sure isn’t gonna work against preppers and stackers.
I think they are trying to lower people’s morale because I see more people today who aren’t polite like before. The mainstream medias are showing the younger generations that doing bad actions that destroy the people’s morale is cool.
My point exactly Ed_B. Maybe the majority are not stacking. But there are a lot of people able to defend themselves and quite a few farmers. Numerous back yard gardeners and people that have always prepped (not for a government takeover but just being ready for a natural disaster or something else). Remember, if you have no one to rule, then what’s the point? We are here to stay!
No, the majority most definitely are not stacking. If they were, then the sales of various silver coins, bars, and rounds would be MUCH higher than what we have seen.
Agree on the gardening. Although I have gardened off and on for many years, I just got back into it last spring. It was great! I enjoyed it a lot and had a small but productive 16×24 foot garden this year. Our green beans, squash, onions, cukes, and tomatoes did especially well. Our corn did not because my current garden area is shaded in the afternoons and corn needs lots of sun. Will plant acorn squash and beets in that area next time. :-)
Once the bullion banks from the Western countries ran out of physical gold and silver to recover the deliveries, the whole world will wake up and realize that paper gold and silver are worthless and the physical ones are the real thing. When they’ll realize that, prices of gold and silver will skyrocket.