George Offerman
The silver market my very well be at a critical juncture. Over the past four weeks, the silver price has jumped nearly four dollars, and hit a 30 year high. At the same time, there are large numbers of futures contracts that are being submitted for delivery on the CRIMEX err… COMEX for later this week. The COT report is also reflecting an increase in short contracts, courtesy of JPM, which is no longer a secret, but blatant move to manipulate the prices lower. The cartel continues to manipulate the prices lower, which only gives those wanting physical metal, the ability to buy cheaper. However, this will empty the CRIMEX much faster, and this is only good news for those who are holding physical.
This battle will be over, sooner or later, and the cartel is going to lose big time. Now, more than a few have asked recently “is silver oversold?” NO, NO and NO! Most want to look at technical charts, and seeing the ‘steep move’ in the past 4 weeks, believes the prices need to go down. What they are not considering is the fundamental piece of this equation. Silver is in greater demand than ever, while in the shortest above ground supplies ever. The metal exchanges have been slow in filling the physical orders, and the demand for physical has been very strong, and becoming stronger. The depressed price for silver over the past 2 decades has virtually shut down exploration and opening of new mines and the supply cannot be increased by mines for at least 5-7 years (at best).
There is no question silver will be going up a lot, the only question is, whether it will be a gradual or explosive increase. Gold hit it’s nominal high of $850 some time ago, yet silver has not come even close to its $50 nominal high of 1980. If one uses John Williams shadow stats for the true rate of inflation, the inflation adjusted level for silver would be $178 per ounce. No, we are nowhere near ‘oversold’ conditions; we are still in the ‘give away’ phase of this baby bull market. When the price finally takes off (when the power of the cartel is broken) we will not be looking at cents, but dollars per day and those who got on this train will be very glad they did.
Wall Street: Money never sleeps
I have been anticipating seeing this sequel since I first heard it was being made. Regardless of one may think of Oliver Stone, this movie seemed to cover the current financial time in history so well, I wouldn’t even consider it to be fiction. For those of you who want to see it, I will not ruin it by giving much in detail, but it is a very accurate portrayal of the Bear Sterns fiasco and the fallout, and shenanigans behind the scenes. What I found most intriguing were the very subtle messages within much of the dialogue, which could easily be missed if one did not keep up with the news, as well as the major banks and Federal Reserve generating fears of a financial Armageddon if they don’t get what they want.
I do have to make a few observations about the protagonist Gordon Gekko. Stone has Gekko take on more of a prophetic role in this sequel, which is a very good blend with this man’s known ruthlessness from the first Wall Street movie. Gekko explains to his young protégé (also engaged to his estranged daughter) in everyday language, what is going on between the forces of Wall Street, the Federal Reserve, and government and how these crimes are so severe, that his 8 years in prison for insider trading is mere fodder for the beast. Despite the fact that Gekko is still Gekko, he looks almost ‘saintly’ in comparison to those who are committing heinous crimes, and appear to have the means of remaining above the law, and have no fear of being stopped. (Best line in the movie, Gordon Gekko to Bretton James, played by Josh Brolin: “If you stop telling lies about me, I’ll stop telling the truth about you”)
While many have focused on how Stone seems to ‘rehash’ a story that is two years old, Stone has Gekko make one very cryptic and possibly prophetic line that seemed to go unnoticed by most moviegoers: “This is in preparation for the ultimate bubble”. This line was delivered in the midst of Gekko discussing derivatives, and it would definitely link the taxpayer bailout to the sale of U.S. Treasuries and the bursting of that bubble, an event still off in the future. If I were to go into a conspiratorial mindset for a moment, I would bet the whole movie was a set up for this whole premise; the biggest financial fireworks are still ahead. We shall see.
Showing posts with label derivatives. Show all posts
Showing posts with label derivatives. Show all posts
Monday, September 27, 2010
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.
Subscribe to:
Posts (Atom)