Max Keiser No 96 - Crash JP Morgan

[joe_momma]

(long overdue)

http://www.youtube.com/watch?v=wN0rcNJXFfI&feature=player_embedded

[keehah]

Max was just on AJ a few minutes ago wanting people to get "500 dollar silver" as a top search trend.

500 Dollar Silver
November 17th, 2010 by maxkeiser
http://maxkeiser.com/2010/11/17/the-crash-jp-morgan-buy-silver-manifesto-or-how-to-get-hedge-funds-to-do-your-dirty-work-for-you-beta/


The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500

1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position (estimated to represent 1.5 trillion in risk to its balance sheet at $500 Silver).

2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.

3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.

4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.

5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.

6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.

7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.

8 – Crash JP Morgan Buy Silver

[optionT]

What would the world look like with silver at $500?

[Serpo]

What would the world look like with silver at $500?

Well from my eyes ,quite good.

[Bullion_Bob]

According to Max:

"The total amount of gold mined “since the days of Nefertiti” was 3.5 billion ounces (to put this in prospective, JPM is short 3.3 bn. ounces of Silver at the moment)"

"If JPM covers just 10% of it’s Silver short liability, the stock would trade at zero.

If JPM is forced into a secondary offering of JPM shares to cover their losses on Silver shorts – earnings get diluted – and the stock takes an enormous hit. Based on the Silver short exposure – on the order of 1.5 trillion in size (of the total 65 trillion in derivatives liabilities sitting on JPM’s balance sheet) – against JPM market cap. of 150 bn. – means that just covering 10% of their liability would wipe out share holder equity completely.

Second, any gov’t bail out means printing more money – which makes the Silver price sky rocket more – which means more losses on JPM’s balance sheet and more incentive for those seeking to destroy JPM to buy more Silver.

Why isn’t JPM’s stock at zero today? Because – as we see in Ireland – people still think that marching on the street and peacefully asking financial rapists not to rape them will somehow save them. This is f****** stupid. If you want to kill the disease that is killing you, decapitalize it. Crash JP Morgan Buy Silver. "

[Serpo]

Crash JP Morgan Buy Silver. "




Good summery.....haha

[keehah]

JP Morgan, destroying Americans for over 100 years.

http://en.wikipedia.org/wiki/Causes_of_the_Great_Depression

The system nearly collapsed in 1907 and there was an extraordinary intervention by an ad-hoc coalition assembled by J. P. Morgan. The bankers demanded in 1910-1913 a Federal Reserve to reduce this structural weakness.
http://us.history.wisc.edu/hist102/lectures/lecture18.html
Historians refer to October 24, 1929 as "Black Thursday." On this day, people began dumping their stocks as quickly as they could. Sell orders inundated market exchanges and the bull market suddenly shifted to a bear market. By that evening, J.P. Morgan and other financiers bought up stock to stop the panic and keep the market afloat.

Alarmed by Roosevelt's plan to redistribute wealth from the rich to the poor, a group of millionaire businessmen, led by the Du Pont and J.P. Morgan empires, plans to overthrow Roosevelt with a military coup and install a fascist government modelled after Mussolini's regime in Italy.