inibo
11-23-2010, 12:02 AM
Maybe this belongs in Economics and Sound Money. Mods can move it there if they want, but I'm cashing in a bit of whatever cred I have by asking it stay in General Politics for at least a while, mainly because I think Max Keiser might be onto something here.
He is attempting to give people a focus for their anger. He may or may not be right about bringing down JP Morgan, but aside from the hype, every place I've looked among people whose opinions and ideas have proved right so far, people silver is amazingly cheap when it's actual value as an industrial resource and supply/demand relationship are considered. This video, while a bit over the top, perhaps, does hammer home the basics.
YouTube - Crash JP Morgan with a Silver Bomb!!! (http://www.youtube.com/watch?v=_-XWbLurWVk)
But my point of putting this here is, as I said, because I think Max Keiser might be onto something. Everyone here knows first hand what can happen when lots of people with relatively modest means all focus their resources in one direction following an idea on the web.
Keiser says if 100 million people all bought one ounce of silver, roughly $30 today, JP Morgan would be forced to cover basically fraudulent silver futures with silver they do not actually own. To hear him tell it they have gotten themselves in one heck of a fix and a sudden ninja like stab in their weak spot could kill them.
I know most of us are not wealthy. I'm not by a long shot, but I am working and I do manage to keep a month or two or three of a buffer in my checking account. I've been suddenly out of work in good times, it sucks. These days, hah.
I'm saying all that to say I've just turned half my FRN buffer into physical silver. I think it is a smart move. I think I stand to have double digit gains on that investment over the course of the next few years. I don't know anywhere else someone with a small amount of money could expect returns like that.
But maybe my 100 ounces, as opposed to 1, means it won't take 100 million people, only a couple million buying 10 to 100 ounces. $300 to $3,000.
If the people who lean Tea Party are serious about having an actual effect on the people who have profited the most from the chaos of the past couple of years, and they want to help put the economy back on a sound footing, then here is the golden opportunity.
All we have to do is buy what we can and tell as many people as possible.
YouTube - The Max Keiser takedown of JP Morgan (http://www.youtube.com/watch?v=0bJK9K05Hgo)
Google "Crash JP Morgan Buy Silver (http://www.google.com/search?sourceid=chrome&client=ubuntu&channel=cs&ie=UTF-8&q=Crash+JP+Morgan+Buy+Silver)"
He is attempting to give people a focus for their anger. He may or may not be right about bringing down JP Morgan, but aside from the hype, every place I've looked among people whose opinions and ideas have proved right so far, people silver is amazingly cheap when it's actual value as an industrial resource and supply/demand relationship are considered. This video, while a bit over the top, perhaps, does hammer home the basics.
YouTube - Crash JP Morgan with a Silver Bomb!!! (http://www.youtube.com/watch?v=_-XWbLurWVk)
But my point of putting this here is, as I said, because I think Max Keiser might be onto something. Everyone here knows first hand what can happen when lots of people with relatively modest means all focus their resources in one direction following an idea on the web.
Keiser says if 100 million people all bought one ounce of silver, roughly $30 today, JP Morgan would be forced to cover basically fraudulent silver futures with silver they do not actually own. To hear him tell it they have gotten themselves in one heck of a fix and a sudden ninja like stab in their weak spot could kill them.
I know most of us are not wealthy. I'm not by a long shot, but I am working and I do manage to keep a month or two or three of a buffer in my checking account. I've been suddenly out of work in good times, it sucks. These days, hah.
I'm saying all that to say I've just turned half my FRN buffer into physical silver. I think it is a smart move. I think I stand to have double digit gains on that investment over the course of the next few years. I don't know anywhere else someone with a small amount of money could expect returns like that.
But maybe my 100 ounces, as opposed to 1, means it won't take 100 million people, only a couple million buying 10 to 100 ounces. $300 to $3,000.
If the people who lean Tea Party are serious about having an actual effect on the people who have profited the most from the chaos of the past couple of years, and they want to help put the economy back on a sound footing, then here is the golden opportunity.
All we have to do is buy what we can and tell as many people as possible.
YouTube - The Max Keiser takedown of JP Morgan (http://www.youtube.com/watch?v=0bJK9K05Hgo)
Google "Crash JP Morgan Buy Silver (http://www.google.com/search?sourceid=chrome&client=ubuntu&channel=cs&ie=UTF-8&q=Crash+JP+Morgan+Buy+Silver)"