Wednesday, November 24, 2010

How to Crash JP Morgan

Tired of the banksters siphoning off the public treasury? Their efforts to manipulate the price of silver (of their own doing and of positions they bought out in the Lehman debacle) have left them dangerously over exposed on silver. They need the price to drop, but physical demand is driving it up. If every 10th American went out in the next week and bought one ounce of physical silver (instead of a piece of paper that says you have a claim on silver) some think it would bust JP Morgan wide open.


Anonymous Anonymous said...

Umm...why do you want to crash Chase? They were the the first major bank to repay the $23 Billion in TARP funds FORCED on it with $750 million in interest in less than 8 months after getting the money.

I'm not getting your point here? Do you want to collapse the US banking industry and the overall economy?

What's your issue?

6:15 PM, November 24, 2010  
Anonymous Anonymous said...

There are claims that JP Morgan has been naked short selling silver and in the process has been keeping its price artificially low.

Some estimates say that they have dumped more paper silver on the market than physically exists.

Whether their short position is that drastic or not though is beside the point. If they have been artificially keeping the price of silver low this has made silver mining less profitable than it otherwise would have been and it has kept investors that have invested in silver in a worse overall position due to price manipulation.

Not only that but their insider cronies have profited handsomely from knowing ahead of time when Morgan would dump paper silver (i.e. fake silver) and they would sell and buy at the "right" times.

No banking giant should be playing God with any market. It is unfair and if they have been doing it then they should be punished for it. If they're not in a naked short position then they have nothing to worry about. If they are in the position that some claim then it would easily bankrupt them.

I say let the cards fall where they may.

Why would you defend JP Morgan or any other banking Giant member of the federal reserve?

7:17 PM, November 24, 2010  
Blogger Mark Moore (Moderator) said...

TARP was only one part of the bailouts, and the least objectionable. The big four banks are absolutely raping us, mostly through the discount window.

Much of the history of the United States is a struggle against Central Banking. Start at about minute 11 of this audio to get a primer....

7:44 PM, November 24, 2010  
Blogger Mark Moore (Moderator) said...

self defense, that's why I want to crash JP Morgan.

7:45 PM, November 24, 2010  
Anonymous Anonymous said...

JP MOrgan is in business to make MONEY. WOW big surprise! IN case you didn't know THAT sir is the capitalist way!'re not turning into a Communist are you?

1:02 PM, November 25, 2010  
Blogger Mark Moore (Moderator) said...

The Gambinos are in business to make money. Making money is not self-justifying. One can make money by offering people products and services that they freely agree to exchange money for and its a great and noble thing to make money. It means you are serving others well.

That's not how JP Morgan Chase is making money. They have a scam going (and if you listened to the audio you would know how far back it goes). They buy speculative securities. If they are profitable, they keep the money. If they lose the bet, they take it to the Fed discount window and get cash or Tbills for it based on a fantasy of what its market value would be.

4:20 PM, November 25, 2010  

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