A Specific Issue

[webmaster]

Subject:A Specific Issue
By: Theodore Butler

Overview: Substitute silver for Madoff, and CFTC for SEC, and I think you can visualize the silver manipulation with clarity. The long-term nature of the frauds, the amount of money involved, previous outside warnings, and the obviousness in each, if one would only look with clear eyes.

Link: http://news.silverseek.com/TedButler/1231259223.php

[Bixrocks]

Great article again Ted. Nobody has done more for the silver market than you and it is pathetic that the CFTC has a budget of over $100M per year to "monitor and police" the commodity markets.

I would like to add that on June 5, 2008 CFTC Commissioner Bart Chilton stated in Congressional hearings on oil price manipulation...

"It's hard to imagine that you have this group of 30 percent of investors and somehow they don't have their thumb on the scale,' Chilton said. ``We have to look at things in a completely different way."

http://www.bloomberg.com/apps/news?p...Pw&refer=home#

AMAZING CONFESSION FROM THE CFTC!

If 30% of investors are likely manipulating the price of oil as Chilton contends then how can ONLY 4 silver traders that control 65% of the COMEX shorts NOT "HAVE THEIR THUMB ON THE SCALE"?!

The CFTC was setup to assist in the gold and silver market rigging since the early 1970's and the fraud continues, in full force, today.

Luckily, this scam is on it's last legs!

Bix

[makeitback]

I am new to the investing world. I had to invest my pension last March. What a time to have to learn the ropes! I am just now getting back to break even (thanks to gold investments). I find that investing is 70 per cent politics and 30 per cent technical. I have trouble grasping the big picture. These things are obvious.

Gold and Silver are manipulated.

America cannot afford to pay its debt.

Even though America can’t pay its debt, they keep printing and borrowing money with wreck less abandon. (its like they know something no one else knows).

Other countries like Saudia Arabia and China are quietly accumulating gold. By this I mean that they are not buying on the Comex, and obviously are cooperating with America in keeping the price of gold down while at the same time they are increasing their reserves privately.

Central banks are hoarding gold.

The physical price of gold is through the roof. It is obvious that private ownership of gold is not what the governments want.

All of these countries seem to be cooperating in keeping the dollar high and gold low.

The question is why?
There is only one explanation I can come up with. Suppose America went to creditors like China and explained that they could not pay the two trillion dollars they owe. What if they then proposed the following plan to pay back China and all other creditors.
America controls the price of gold and silver. Creditor countries accumulate vast quantities of gold (privately, in a way that does not drive up the Comex price). America stops shorting gold and starts buying it. At the same time they crash the dollar. Gold might go up six or seven hundred per cent in a week. If the Chinese had 500 billion dollars of gold, it could become worth two trillion non deflated dollars. America’s own vast Gold Reserves could help offset the pain of the dollar crash.
Instantly, all debts are forgiven. America is debt free and used its newly printed dollars to buy up fire sale stocks before they devalued their currency.
They then raise interest rates and climb back out of the hole. Obama is happy because the new America is more likely to endorse his socialist leaning political agenda.
Who loses---the baby boomers---the pensioners.

[Terry Jackman]

Could it be that the "big banks" manipulating silver are a front for the new Dubai silver ETF which is about to start up any day now...........the USA govt. cannot apply the brakes to that operation like they did to the Hunt's in 1979.

[cugir321]

I'm not so sure America has hugh amounts of gold. they're probably drying beef jerky in the rooms of Fort Noxx

Originally Posted by makeitback

I am new to the investing world. I had to invest my pension last March. What a time to have to learn the ropes! I am just now getting back to break even (thanks to gold investments). I find that investing is 70 per cent politics and 30 per cent technical. I have trouble grasping the big picture. These things are obvious.

Gold and Silver are manipulated.

America cannot afford to pay its debt.

Even though America can’t pay its debt, they keep printing and borrowing money with wreck less abandon. (its like they know something no one else knows).

Other countries like Saudia Arabia and China are quietly accumulating gold. By this I mean that they are not buying on the Comex, and obviously are cooperating with America in keeping the price of gold down while at the same time they are increasing their reserves privately.

Central banks are hoarding gold.

The physical price of gold is through the roof. It is obvious that private ownership of gold is not what the governments want.

All of these countries seem to be cooperating in keeping the dollar high and gold low.

The question is why?
There is only one explanation I can come up with. Suppose America went to creditors like China and explained that they could not pay the two trillion dollars they owe. What if they then proposed the following plan to pay back China and all other creditors.
America controls the price of gold and silver. Creditor countries accumulate vast quantities of gold (privately, in a way that does not drive up the Comex price). America stops shorting gold and starts buying it. At the same time they crash the dollar. Gold might go up six or seven hundred per cent in a week. If the Chinese had 500 billion dollars of gold, it could become worth two trillion non deflated dollars. America’s own vast Gold Reserves could help offset the pain of the dollar crash.
Instantly, all debts are forgiven. America is debt free and used its newly printed dollars to buy up fire sale stocks before they devalued their currency.
They then raise interest rates and climb back out of the hole. Obama is happy because the new America is more likely to endorse his socialist leaning political agenda.
Who loses---the baby boomers---the pensioners.