Comex Silver Default, Govt Shutdown, and bankruptcy

[Large Sarge]

I am just speculating, but if Comex is going to default, which seems very likely (industrial silver users alone will "break the bank")

Then that pretty much signals bankruptcy

perhaps a massive dollar devaluation?

and they will need a reorganiztion on some level

and of course if they can do all of this while the govt is shutdown, so much the better for them


Again I am just specualting

but a Comex silver default is a pretty big event

and how do you handle that?

you cannot ignore it anymore....

[MAGNES]

5 years later, same talk, still waiting, don't hold your breath.

Remember we were going to have a default in april/may2006
and 40 dollars overnight.

The COT shorts are still operating, just at another level.

I been calling these peak season highs with charts and analysis.
Even on COT. These are no surprise to the powers.

[DMac]

Media is doing a good job of ignoring Soros' 'Change The World' event, aka Bretton Woods II.

It's mighty coincidental to be happening at the same time, IMO.

[Large Sarge]

if you knew a default was coming, and the effects of that

and one of the things Maybury has said repeatedly is that if they do a dollar devaluation, it will done all at once, and by surprise, so peole do not flee the banks - currency

in short the only way a devaluation works, is to catch as many suckers by surprise as possible.

so many "small devaluations" will teach the sheep to expect it (and move your money out of harms way)

versus one big one (that gets the most people)

I have no idea, and this is all specualtion

but I cannot remember J.P. Morgan ever having only 30,000 ozs of silver (6 contracts worth)

to me this is big deal

J.P. Morgan was the short position for silver

[Large Sarge]

holy $hit

I just had a thought, will a silver comex default trigger all the derivatives to collapse

remember a bankruptcy makes one side of any contract come due immediately

[MAGNES]

If they were that desperate they would of washed out the longs.

Nobody would be standing for delivery.

The rigging and corruption game is not over.

These are seasonal highs and they let it happen.

Someone is capping again in a big way and they are underwater $10 minimum per contract.

No margin calls for these vampires.

[MAGNES]

Sarge, have a look at my calls and COT analysis.
http://gold-silver.us/forum/general-discussion/ok-silver-seers-show-us-the-future-biatchez!!-)/

[DMac]

if you knew a default was coming, and the effects of that

and one of the things Maybury has said repeatedly is that if they do a dollar devaluation, it will done all at once, and by surprise, so peole do not flee the banks - currency

in short the only way a devaluation works, is to catch as many suckers by surprise as possible.

so many "small devaluations" will teach the sheep to expect it (and move your money out of harms way)

versus one big one (that gets the most people)

I have no idea, and this is all specualtion

but I cannot remember J.P. Morgan ever having only 30,000 ozs of silver (6 contracts worth)

to me this is big deal

J.P. Morgan was the short position for silver




Sarge,

That 30,000 ounces thing that popped up online today is a bit misleading.

It is referring to a specific JPM vault, not any silver allocated to JPM via COMEX.

(not that I don't think JPM is super-saturated in SI paper..)

[Horn]

I'm waiting for the Petro-Euro.

[Large Sarge]

http://www.americanfreepress.net/html/bretton_woods_ii_265.html

[DMac]

http://www.americanfreepress.net/html/bretton_woods_ii_265.html


http://gold-silver.us/forum/index.php?action=dlattach;topic=23705.0;attach=676 7;image

link (http://gold-silver.us/forum/general-discussion/unreported-soros-event-aims-to-remake-entire-global-economy/msg204081/#msg204081)

[jimswift]

http://www.americanfreepress.net/html/bretton_woods_ii_265.html



At 81, taking down America appears to be his final challenge. “The main obstacle to a stable and just world order is the United States.
The time has come for a very serious adjustment,” he said.