Socio-Economics History Blog

Socio-Economics & History Commentary

$10,000/oz Silver if Mr. TRUMP Drains the “Silver Swamp!”?

  • $10,000/oz Silver if Mr. TRUMP Drains the “Silver Swamp!”
    by Bix Weir, http://www.roadtoroota.com/
    Ok Mr. Trump. You say you want to “Drain the Swamp” but do you understand that doing so will SINK your friends on Wall Street? You should know this…and I think you do.

    So I am voting for you because you claim to be a man of your word.

    DRAINING THE SWAP MEANS ENDING THE PRICE MANIPULATION OF SILVER!!!
    The very moment that the 50+ year artificial price suppression of SILVER is lifted the price will SKYROCKET past $10K per ounce. The very moment! Here’s the 20 things that need to happen if Trump sticks to his word and the SILVER SWAMP is REALLY drained:


    1) The removal of the gigantic concentrated short position on the COMEX Silver market as reported in the CFTC Commitment of Traders and Bank Participation Reports.
    2) The announcement of charges filed by both the CFTC and the FBI against these banks for Silver market manipulation.
    3) The shut down of the iShares Silver ETF (SLV) and the subsequent attempt by SLV investors to transfer their money into physical silver in their own possession.
    4) The implementation of REALISTIC COMEX Position Limits in Silver of no more than 1,500 contracts and the enforcement of the Disruptive Trading Practices law.
    5) The winding down of the outrageous and manipulative Silver derivative positions held by JP Morgan and Citibank as reported by the US Office of the Comptroller of the Currency.
    6) The mass redemption of paper Silver currently held in Pooled Silver Accounts and Silver Certificate Programs into physical silver held in the possession of the owner.
    7) The Silver to Gold Price Ratio reflects the true physical relationship between above ground gold and above ground silver that is available for sale on a free and open market.
    8) The realization by industrial users of silver that the supply of physical silver is rapidly depleting and with the future of producing their products in jeopardy they begin stockpiling physical silver.
    9) The reversal of Silver’s ever increasing use in industrial applications due to either high prices or the discovery of a viable substitute with similar physical properties and attributes.
    10) The realization by the remaining 99.9% of the investing public that does not currently own any physical that Silver is extremely undervalued and should be held by all investors interested in portfolio safety and value appreciation.
    11) Acknowledgment by the Bullion Banks and US Government that they have been involved in the price suppression of Silver for over 50 years in order to support and extend the global confidence in un-backed fiat US Dollar.

    read more.

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February 6, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

Jim Willie: JP Morgan’s Silver is China’s! Trump to Audit Gold

February 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

China’s 20,000 Golden Rules

  • China’s 20,000 Golden Rules
    by http://www.silverdoctors.com/
    China Has Been Hoarding Gold Like A Dragon. What Exactly Do They Have Planned??

    From Rory Hall, The Daily Coin:
    “Since 2007 China has mined and purchased more gold than any other country on earth”

    We have been documenting China’s insatiable appetite for gold for the past several years. When you realize how much gold China has acquired it puts gold in a completely different light. Gold is money and nothing else. It is used to create jewelry, however, this is nothing more than a centuries old tradition as a means to display and transport of wealth. If your wealth is wearable you can easily move around the region while freeing up space in the trunk or baggage for other items.

    I have long argued that if you’re “hoarding gold like a dragon“, as China has been doing since 2007, you are doing so for the purpose of being able to control the currency markets around the world. The golden rule still applies “the one with the gold makes the rules”. Always has, always will.

    China is now acquiring gold still in the ground as the above ground supplies are now strained and the open market may not have the capacity to satisfy China’s actual demand they have set in their ongoing “plan”. In 2016 China acquired $27 BILLION in gold mines alone. This gold is no longer part of the global supply as every ounce mined will go to China and never be traded on the open market. This seems to be a big part of China’s future plans as their gold acquisitions in 2016 were TRIPLE those in 2015. That’s a significant increase.

    Why is China amassing all this gold?
    Why is China now amassing some of the largest gold mines in the world? Could it be that China is planning for the future and gold will be part of the global or regional (along the New Silk Road – OBOR) trade? High ranking officials from the Shanghai Gold Exchange have already met with the Director of International Financial Center from Kazakhstan for the specific purpose of introducing gold along the New Silk Road. Will the renminbi/yuan be backed with some gold?


    I have long argued that China will reintroduce gold to the currency market and back the renminbi/yuan with gold.
    When China will make this move is the only remaining question. It is very clear China has their sights, in an official capacity, set on acquiring as much as gold as possible for the purpose of being the global economic power and one of the ways to dominate every market on the planet is to offer a gold backed currency.


    Another question would be – how will China’s acquisitions of these major gold mining companies impact the global gold market and the LBMA and COMEX’s ability to be the pricing mechanism for the global gold trade? If China is removing ton upon ton of gold from the open market, at what point will the open market be China? My guess is the LBMA and COMEX have very limited time remaining.

    read more.
Get the message: Gold backed Chinese Yuan / RMB.

Get the message: Gold backed Chinese Yuan / RMB.

https://sputniknews.com/politics/20160915/1045341538/gold-yuan-china-dollar-eurasia.html

Click on image for article.

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February 4, 2017 Posted by | Economics | , , , , , , , | Leave a comment

Silver Just Did Something That “Shocked” Billionaire Investor Eric Sprott

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February 4, 2017 Posted by | Economics | , , , , , | 1 Comment

Governments And Central Banks Manipulating Precious Metals Price – Bix Weir

  • Published on Feb 3, 2017
    Bix is here to talk about precious metals, specifically about silver, its actual situation and what to expect regarding its price and the reality about price manipulation in the precious metals sector. Also, we are going to be discussing the future of Gold and Bitcoin and if they can live together or are they competing? TOPICS IN THIS INTERVIEW:


    02:35 Bix Analysis of the Actual Silver Situation
    06:00 Price Suppression and Precious Metals Price Manipulation
    07:45 Central Bank and Government Precious Metal Price Manipulation
    15:25 Trump Exposing the Voter Fraud and its Intentions
    20:00 Competition between Bitcoin and Gold
    26:50 Relationship between Governments and Bitcoin

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February 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | 1 Comment

JPMorgan Silver Manipulation Ending? | Bill Murphy

  • Published on Feb 3, 2017
    Bill Murphy from the Gold Anti-Trust Action Committee sounds the alarm that JPMorgan may lose control of the silver market. Silver has broken through the $17.20 resistance level. If silver breaks through $19, then $21, silver could rise dramatically. JPMorgan, which has been the big short in the silver market, will either be forced to cover or will lose control, Murphy says. As for gold, the next resistance level to pay attention to is $1250, he says.


    Regarding the Trump administration, does Trump really want to “drain the swamp?” Murphy says if Trump really wanted to drain the swamp, Trump would order an audit of the US gold reserves. This would expose that not all the gold is there, Murphy believes.

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February 4, 2017 Posted by | Economics | , , , , , , , , | Leave a comment

Dr. Jim Willie Interview with Silver The Antidote

February 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

JPMorgan Silver Rigging Case Back in Court

JP_Morgan

  • JPMorgan Silver Rigging Case Back in Court
    by Vince Lanci, http://www.zerohedge.com/
    Appeals Court Overturns Dismissal in JP Morgan Silver Rigging Case

    * US Appeals Court overturns Dismissal in Silver Rigging Case against JPMorgan.
    * The Appeals court rejected Judge Engelmeyer’s claim that the plaintiffs did not prove JPMorgan made “uneconomic bids” in the silver forward’s markets.
    * New discovery may win the case against JPMorgan

    Summary
    Via Soren K. and MarketSlant | The New York 2nd U.S. Circuit Court of Appeals ruled yesterday that District Court Judge Engelmayer was in error when he dismissed the Silver price rigging lawsuits against JP Morgan. The appellate court felt that Engelmayer’s dismissal reasons amounted to “impermissible fact finding” and placed too high of a bar in concluding that plaintiffs had not adequately plead their case.


    This reversal of the June, 2016 dismissal means the case will go back to the district court for further litigation. This also means the plaintiffs will ask for and receive more discovery. This can win the case for them.

    read more.

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February 3, 2017 Posted by | Economics | , , , , | Leave a comment

Bix Weir: Trump Fights to Takedown Bad Guys

  • Bix Weir: Trump Fights to Takedown Bad Guys
    by Greg Hunter’s USAWatchdog.com
    According to precious metals and financial expert Bix Weir, what’s going on in Washington now is simply a struggle for control between good and evil. Weir explains, “The left is going nuts.  They say they are not violent, but they are causing all these riots and protests everywhere.  I am convinced that this takedown of the bad guys is going to get a lot uglier.  It will get uglier because the left leaning Obama people have been given so many rights that are not in the Constitution and are not anywhere in a capitalistic society.  It’s more towards socialism, and when you try to take away the rights given to socialists, they get armed.  They go into the streets.”


    Weir says Trump is attacking illegal immigration and voter fraud that are the basis of Democrat power. Weir contends, “Basically, the immigration issue and voting issue is all an attack on free will, and it’s a move towards socialism.  They know if they open the borders, they know they are going to get a lot of people coming in who will vote Democrat and vote for the free things they get from society.  Ron Paul has some great ideas about how to stop this, and it’s stop giving away the free stuff.”

    Weir says all the political and civil unrest are symptoms of an economic system on the edge of a giant reset. Weir says when the economic reset comes, it will come from trillions of dollars in unbacked derivatives.  Weir contends, “It will destroy all the banks . . . all the banks go when the derivative implosion happens.  That has always been sort of the home built nuclear bomb in the financial system—the derivative market.  Hundreds of trillions of derivatives that are so dependent on third parties staying in business. . . . Once one large derivative holder goes, they all go.”

    Weir thinks Trump knows a crash is coming and is getting ready. Weir says, “Trump has the keys to ending this market rigging game.  Once you end the market rigging game, then you can’t support the stock market, and everything has to go to its true fair market value with real trades and no more derivatives.  Trump can do it, but it’s not just Trump.  It’s also the people behind Trump.  I call them the good guys.  It’s people in the Pentagon, people in the military and patriots.  All this goes back to what does Trump want to do.  Do they want to fix things with the bubbles still there and with the Fed still printing money?  Or, does he really want to fix it?  Which means you crash the system first, and then you rebuild.  I think it’s the latter.  I think he’s trying to get people in place, and he will crash the system and then rebuild.”

    So, what would Weir sell, and what would he be buying? Weir says, “On the sell side, I’d sell anything that has a third party between you and your asset.  That could be stocks and bonds.  On the buy side, I’d buy Bitcoin with both feet . . . buy a lot of silver, as much silver as you can . . . and buy gold, as well.

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February 2, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Trump to Cause Debt Collapse? | Greg Mannarino

  • Published on Jan 31, 2017
    Greg Mannarino from TradersChoice.net joins FinanceAndLiberty to reveal the system is destined for failure. Debt cannot grow indefinitely. However, that does not mean collapse is imminent. Mannarino is bullish on the markets because he believes president Trump will create jobs and grow the economy. But Mannarino is also bullish on precious metals, especially silver, because debt will continue to increase. “Silver is the most undervalued asset in the history of the world,” Mannarino says.

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February 1, 2017 Posted by | Economics | , , , , , , , | Leave a comment

The Economic Data Is Declining, The Market Is Propped Up,The Economic Shock Is Coming: Andrew Hoffman

January 30, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

If Trump Orders Gold Audit: Gold Explodes | Rob Kirby

  • Published on Jan 25, 2017
    Which way will President Trump take the US economy and what will the Trump effect be on gold? Proprietary analyst and founder of Kirby Analytics, Rob Kirby, predicts the most likely and most dramatic actions we should watch for from Trump, and how to position your family to weather the road ahead!

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January 27, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Has the Reset Begun Via A Dollar Melt-Up?

  • Published on Jan 25, 2017
    https://sdbullion.com 

    http://www.silverdoctors.com/precious… 
    Has the Reset Begun Via A Dollar Melt-Up?
    Exert Analyst Jim Willie Reveals A DRAMATIC Divergence Between the PHYSICAL and Paper Gold Price Is Developing… Also in this interview:

    – 100% premiums on gold
    – The LMBA
    – Central banks are “above the law”
    – Economic outlook in the U.S.

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January 26, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Will Trump Be Blamed for Collapse?

  • Published on Jan 23, 2017
    IN THIS INTERVIEW:

    – What makes Donald Trump different than other presidents? ►1:36
    – The U.S. has already defaulted on the debt ►17:00
    – US/China trade war ►26:49
    – Will Brexit actually happen? ►40:11
    – Update on gold-trade note and Nordic Euro ►46:48
    – Is the Euro strong? ►54:03
    – The middle east in 2017 ►59:50
    – 100% premiums on gold ►1:06:42
    – The LMBA ►1:10:30
    – Central banks are “above the law” ►1:13:37
    – Economic outlook in the U.S. ►1:17:45

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January 24, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil

Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”

  • The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil
    by Chris Campbell, Jan 17, 2017, https://lfb.org/
    “The final weapon in the Fed’s arsenal,” Jim Rickards, author of The Road to Ruin: The Global Elites’ Secret Plan For the Next Financial Crisis, wrote this week, “is the financial equivalent of nuclear war.”

    The Fed’s “nuclear option,” Rickards warns, is… wait for it… gold.

    We bring this up today because this nuclear option could have a yuge (sometimes spelled “yooge”) impact on the price of not only the midas metal (see below), but of silver ($100) and oil ($200), too. And we want you to have plenty of time to ready yourself.
    ….
    7 Federal Reserve Tools and Why They’re All Flawed
    Jim Rickards
    In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.

    The following is a survey of seven Federal Reserve tools in the Fed toolkit to stimulate the economy if recession or deflation gains the upper hand and why their toolkit is flawed.

    Helicopter Money
    The image of the Fed printing paper money, and dumping it from helicopters to consumers waiting below who scoop it up and start spending is a popular, but not very informative way to describe helicopter money. In reality, helicopter money is the coordination of fiscal policy and monetary policy in a way designed to provide stimulus to a weak economy and to fight deflation.

    The Nuclear Option — Gold
    The final weapon in the Fed’s arsenal is the financial equivalent of nuclear war. The Fed could instantly create inflation and achieve nominal if not real growth by massively devaluing the dollar when measured as a unit of gold.

    This was last done in 1933–34 and was highly successful. Stocks rallied and commodity prices boomed in the middle of the Great Depression (1929–1940). This boom was not sustained because the Fed and Treasury prematurely tightened monetary policy and fiscal policy in 1937, which put the U.S. economy back into a severe technical recession from 1937–1938.

    The Fed could use this nuclear option by coordinating with the Treasury to make a two-way market in gold using printed money. This would work exactly like quantitative easing, except the Fed would buy or sell gold instead of Treasury bonds.

    The Fed would set an arbitrarily high fixed price for gold such as $5,000 per ounce. The Fed would make that price stick by offering to buy gold from any seller at $4,900 per ounce and selling gold to the market at $5,100 per ounce. This amounts to a 4% band or spread around the target price, a classic pegging technique.

    Gold could be removed from or added to the U.S. hoard at West Point, NY, and money would be created by or destroyed by the Fed in order to make the target price stick.

    If, for example, the price of gold was $1,300 per ounce before the operation, the effect would be to devalue the dollar from 1/1,300th of an ounce of gold to 1/5000th of an ounce of gold, a 75% devaluation of the dollar. This devaluation would not take place in isolation.

    A 75% dollar devaluation in gold would signal devaluation in all other goods and services and result in $100 per ounce silver, $200 per barrel oil, etc.

    This is obviously an extreme measure and would only be used in the face of strong persistent deflation. Yet, the fact that that technique exists and has been used in the past is one reason to conclude that deflation will not in fact persist beyond certain limits because the Fed and Treasury have the ability to stop it as they did in 1933.

    read more.

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January 19, 2017 Posted by | Economics, History | , , , , , , , , , | 1 Comment