George Offerman
After having several very interesting conversations in the last few days about the state of affairs in this country, and the recent up moves in the precious metals, I have given into a temptation to write a post exclusively on the metals, which I have not really done up to this point. So, if you are not interested in this topic, skip this one and come back on Monday.
There are those who still believe that Gold is a ‘barbarous relic’, and is currently in a bubble, due to the fact it has gone up fivefold from its low in 2000. There are even more that believe silver is just an ‘industrial’ metal, and as well, is near bubble status, having gone up slightly more than fourfold from its 1999 lows. In both instances, the skeptics cannot be more mistaken, and sadly enough for them (to be discovered VERY SOON) they will have major regrets that they did not get on this train before it pulled out of the station. Even at today’s rate, gold is still a bargain, and silver is practically being given away.
The last major run of both metals ended in 1980 when gold hit $850 per ounce and silver $50 per ounce. Without getting into great detail ( and the reader must do research on this) the main upward pressure for gold was Nixon’s closing the gold window August 15, 1971, thus ending what was then known as the Bretton Woods agreement, and the subsequent running of very high inflation and the oil crisis of 1973-4. However, silver had a different story and set of circumstances. Two very wealthy brothers who were in oil had figured out that inflation was going to steal their wealth in a stealth like manner, and decided to accumulate a large amount of physical silver as a ‘hedge’ against inflation. This accumulation took several years, but hit critical mass in mid to late 1979, shooting the price up to nearly $50 per ounce. The Hunt brothers (who really would be considered HEROES if the truth were known) nearly crashed the silver market (and would have destroyed the money powers on the spot) and exposed the fraud that the COMEX actually is. The Hunt brothers ‘crime’ as the SEC and others allege, was demanding to take delivery of the physical silver that they LEGALLY BOUGHT AND OWNED. Had they done that, the manipulation of the precious metals that has been very well documented by GATA and Ted Butler would have ended, and the true price of the metals would have continued higher until they reached their true value.
What killed the silver price at $50 was intervention on the COMEX markets by the government, when they disallowed ‘long’ contracts from being purchased, and threatened to flood the market with silver (which at the time, the U.S. gov’t had a stockpile of 2 billion ounces). Within a day, the price collapsed by $15, and the Hunt brothers were ‘out of business’ and on their way to vilification and trial. After this episode, the COMEX through the CFTC instituted caps on long contracts, but not shorts, thus creating the current situation of manipulation in silver by the well known short holder JP Morgan.
The interesting thing back then was silver was making moves of $3-5 per day, and that was when there was a known world supply of around 10 billion ounces, with the U.S. government holding the world’s greatest hoard of silver. There was truly no shortage back then, but by virtue that silver is money (as God deemed it to be) there was that ‘herd mentality’ of getting some before it was gone, thus driving up the prices in very short order.
Now, fast forward to 2010. The government used up their hoard, and have been net buyers of silver for at least the past 5 years. There are no governments that have been net sellers of silver, and the largest known hoard is in India, at 200 million ounces (and they will not part with theirs) the world supply (estimated) is down 90% from 10 to 1 billion ounces. Silver is a necessity for the modern electronics found in cell phones, computers and virtually all other components that need to be spark free and heat sensitive (the two facets of silver not found in ANY other metal known to man). Silver has anti bacterial properties that are now utilized in everything from clothing, to medicines, and these facets consume around 40% of all annually mined silver. The USGS has estimated that known ground reserves of silver will be exhausted in 14 years. There are more points to make concerning silver’s use and consumption, but the point is that there is little supply of silver left, and the money powers have NO RECOURSE left when prices take off.
The largest feature of all though is the fact there are now thousands of little “Hunts’ out there, who will not let go of their silver at nearly any price, and they are very clear who the villains are, unlike 1980. The U.S. government has no silver left to threaten to flood the market with when the price finally breaks free. The major forces that killed the last silver run have been neutralized, and it is CHECK MATE for the greedy money powers. There is no greater joy in the precious metals camps than the idea that these ‘useless eaters’ have to watch their scheme crumble right in front of them, and they can’t do anything about it. What goes around comes around.
The prices of the metals, especially silver will be absolutely stunning. There will be thousands of folks who will be ‘instant millionaires’ when this starts, and it will be in the truest form of money that God created. The price increase will not be a moon shot; it will be more like a super nova. No one will be griping about having bought, and then seeing it go down by some cents or even a few dollars. There will be people that only have modest amounts that will see daily increases in the 5-6 figure range during the height of the ‘mania’, and their only dilemma will be when or if to get out of the market and buy up the real estate that will be had for back taxes. This truly is a ‘once in history’ chance to get into something that is still available on the cheap, but the door is closing fast and the ride is about to commence.
Showing posts with label CFTC. Show all posts
Showing posts with label CFTC. Show all posts
Friday, May 14, 2010
THEN AND NOW
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Bretton Wood,
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GATA,
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Thursday, April 22, 2010
VERY BAD SIGNS IN THE (FINANCIAL) HEAVENS
George Offerman
For those of you who want to read exclusively those items that are straight up about legalized child killing, you may want to skip this post. I have made the case that what the money powers are doing is very related to legalized child killing, and believe this information is relevant to the living. I also have made a commitment as a pro life defender, that defense of life is from conception to grave , so in this light, I believe this is very relevant to our cause.
There have been two very recent events that have somewhat startled even the most prudent of money power watchers, and it seems like there is a very high likelihood that these are warning signs that should be taken very seriously. If these signs are accurate and point to what they seem to be pointing to, there will be a dramatic shift in the way that we live our day to day lives and how we go about earning and paying for our daily bread.
The first was Ted Butler’s testimony in a closed session with the CFTC concerning the manipulation of the Silver markets, primarily by the understood ‘secret’ holder of the concentrated short position JP Morgan. This is very surprising in that Mr. Butler has been hammering away on this topic for 20 years, and all of a sudden, this body who has been minimizing, and at times accused Mr. Butler of basically every kind of distortions under the sun, wants to now know what he knows, and appears to be on the verge of limiting the maximum number of short positions held by a single entity. This move, will in effect, destroy the manipulations in these markets, and set them free.
This is very telling, due to the fact that by allowing the manipulation to end, the price very well may explode, and reach levels that only some have dreamed of. Now why, one may ask, is this occurring? Due to the physical shortage of the metals, and the money powers know it. The money powers understand clearly that if the metals take off, it is game over for the fiat currency. However, as powerful as the money powers are, they are not alchemists, and cannot produce gold and silver on a whim, and even they are subjected to God’s creation limits on these metals.
The money powers will need a whipping post to pin the blame on the run away metals prices, and the CFTC will be the poster child for this, with a close second being pinned on those ‘greedy’ bullion holders and owners. This seems to be the first lynch pin of two that may very well lead to the down fall of our economic system.
The second is the fact Obama is now going after one of the truly untouchables, Goldman Sachs. One needs to be very clear: Obama works for the money powers, not the other way around, so one really needs to read between the tea leaves on this one. Goldman Sachs, along with JP Morgan, runs the western hemisphere as far as the money powers are concerned. The only true entities on the planet with the power to take down Goldman Sachs are the House of Rothschild in Europe, and David Rockefeller’s JP Morgan/Chase or both of them together. It very well may be that the money powers are in such a situation that one of the two entities needs to be sacrificed for the good of keeping dominance over the state of affairs in this hemisphere. Due to Rockefeller’s status in the money power hierarchy, it will not be his institution, JP Morgan/Chase
In looking at the Who’s Who of banking, the Department of Treasury, Federal Reserve, and other positions in government, Goldman Sachs alumni dominate these positions, and have for decades now (this is verified in the public domain, and is not conspiracy material). Not only is Goldman Sachs involved in the majority of the financial dealings within the government, they are the prime movers in making them happen, then become one of the largest recipients of the moves, the epitome of ‘conflict of interest’. It was Goldman Sachs alumni who pushed the ‘stimulus’ package, and they have received untold billions of taxpayer dollars to bail out their derivative debacle, and the Federal Reserve is covering the tracks by denying a congressional demand that they expose the entities names who received the $2.1 TRILLION in secret funding.
In both of these instances, the money powers have to make it look like the government is taking the necessary steps in ‘discovering and halting’ these two market manipulations. However, both the metals market, and the derivatives markets are DOOMED to failure, and both will self destruct in grand fashion. If the government did not ‘intervene’, the money powers would be fully exposed for all to see, and their ‘matrix like’ existence would be over. It would be quite the admission by the money powers if the above scenario is accurate, because it would finally demonstrate that these people and entities do not have total control over the markets, and the world population like they think they do. These are events few expected to see, and still so close together. Goldman Sachs, the lead holder in the .5-.8 Quadrillion (500-800 Trillion) derivatives market, and JP Morgan the largest concentrated silver short holder in the precious metals market, both having to give up their positions. They don’t want to, but the walls are closing in on them, and something has to give.
It is the forces of God first and then the free markets that are forcing the hands of the money powers, and they are desperate in finding an exit strategy that will minimize their pain and chances of getting caught. These moves will be made only due to needing to get out of town before the financial nuclear bomb goes off. If Goldman Sachs is to be sacrificed for the sake of keeping the financial realm intact for a few more seasons, it will mean Rockefeller has only JP Morgan left, and he will be a one trick pony. This is truly a monumental moment in history and if true, is (pun intended) a golden opportunity to take back the monetary system of this country. The key to defeating the money powers is knowledge, numbers of people, and emptying their coffers of all the precious metals we can get our hands onto. The time may be extremely short in obtaining any metals, and must be done with great haste.
For those of you who want to read exclusively those items that are straight up about legalized child killing, you may want to skip this post. I have made the case that what the money powers are doing is very related to legalized child killing, and believe this information is relevant to the living. I also have made a commitment as a pro life defender, that defense of life is from conception to grave , so in this light, I believe this is very relevant to our cause.
There have been two very recent events that have somewhat startled even the most prudent of money power watchers, and it seems like there is a very high likelihood that these are warning signs that should be taken very seriously. If these signs are accurate and point to what they seem to be pointing to, there will be a dramatic shift in the way that we live our day to day lives and how we go about earning and paying for our daily bread.
The first was Ted Butler’s testimony in a closed session with the CFTC concerning the manipulation of the Silver markets, primarily by the understood ‘secret’ holder of the concentrated short position JP Morgan. This is very surprising in that Mr. Butler has been hammering away on this topic for 20 years, and all of a sudden, this body who has been minimizing, and at times accused Mr. Butler of basically every kind of distortions under the sun, wants to now know what he knows, and appears to be on the verge of limiting the maximum number of short positions held by a single entity. This move, will in effect, destroy the manipulations in these markets, and set them free.
This is very telling, due to the fact that by allowing the manipulation to end, the price very well may explode, and reach levels that only some have dreamed of. Now why, one may ask, is this occurring? Due to the physical shortage of the metals, and the money powers know it. The money powers understand clearly that if the metals take off, it is game over for the fiat currency. However, as powerful as the money powers are, they are not alchemists, and cannot produce gold and silver on a whim, and even they are subjected to God’s creation limits on these metals.
The money powers will need a whipping post to pin the blame on the run away metals prices, and the CFTC will be the poster child for this, with a close second being pinned on those ‘greedy’ bullion holders and owners. This seems to be the first lynch pin of two that may very well lead to the down fall of our economic system.
The second is the fact Obama is now going after one of the truly untouchables, Goldman Sachs. One needs to be very clear: Obama works for the money powers, not the other way around, so one really needs to read between the tea leaves on this one. Goldman Sachs, along with JP Morgan, runs the western hemisphere as far as the money powers are concerned. The only true entities on the planet with the power to take down Goldman Sachs are the House of Rothschild in Europe, and David Rockefeller’s JP Morgan/Chase or both of them together. It very well may be that the money powers are in such a situation that one of the two entities needs to be sacrificed for the good of keeping dominance over the state of affairs in this hemisphere. Due to Rockefeller’s status in the money power hierarchy, it will not be his institution, JP Morgan/Chase
In looking at the Who’s Who of banking, the Department of Treasury, Federal Reserve, and other positions in government, Goldman Sachs alumni dominate these positions, and have for decades now (this is verified in the public domain, and is not conspiracy material). Not only is Goldman Sachs involved in the majority of the financial dealings within the government, they are the prime movers in making them happen, then become one of the largest recipients of the moves, the epitome of ‘conflict of interest’. It was Goldman Sachs alumni who pushed the ‘stimulus’ package, and they have received untold billions of taxpayer dollars to bail out their derivative debacle, and the Federal Reserve is covering the tracks by denying a congressional demand that they expose the entities names who received the $2.1 TRILLION in secret funding.
In both of these instances, the money powers have to make it look like the government is taking the necessary steps in ‘discovering and halting’ these two market manipulations. However, both the metals market, and the derivatives markets are DOOMED to failure, and both will self destruct in grand fashion. If the government did not ‘intervene’, the money powers would be fully exposed for all to see, and their ‘matrix like’ existence would be over. It would be quite the admission by the money powers if the above scenario is accurate, because it would finally demonstrate that these people and entities do not have total control over the markets, and the world population like they think they do. These are events few expected to see, and still so close together. Goldman Sachs, the lead holder in the .5-.8 Quadrillion (500-800 Trillion) derivatives market, and JP Morgan the largest concentrated silver short holder in the precious metals market, both having to give up their positions. They don’t want to, but the walls are closing in on them, and something has to give.
It is the forces of God first and then the free markets that are forcing the hands of the money powers, and they are desperate in finding an exit strategy that will minimize their pain and chances of getting caught. These moves will be made only due to needing to get out of town before the financial nuclear bomb goes off. If Goldman Sachs is to be sacrificed for the sake of keeping the financial realm intact for a few more seasons, it will mean Rockefeller has only JP Morgan left, and he will be a one trick pony. This is truly a monumental moment in history and if true, is (pun intended) a golden opportunity to take back the monetary system of this country. The key to defeating the money powers is knowledge, numbers of people, and emptying their coffers of all the precious metals we can get our hands onto. The time may be extremely short in obtaining any metals, and must be done with great haste.
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