Has "The News" told you about the Serious SILVER SHORTAGE yet? One way or another... You will find out about it very soon... And, the sooner the better!! (Google it)
The Congressional Hearing today on the Bernie Madoff Mess with testimony from 10 year wistle-blower Harry Markopolos was shockingly revealing of the financial regulatory beaurocracy at the SEC. Based upon Mr. Markopolos' testimony, the senior executives running the SEC over the past several years seem to have been protecting the criminals rather than properly investigating them, while totally ignoring credible warnings and evidences of wrongdoing! It seems like the proverbial "Fox guarding the Hen-House", or wolves giving naive sheople a false sense of security of being protected!
The strange irony is that the SEC is now headed by Mary Schapiro, the former head of the CFTC. Yes, much to her credit, this is the same Mary Schapiro who helped bust the notorious Hunt Brothers that cornered the silver market on the long side decades ago, sending the price up to $50/oz!! (that would be a whole lot more in today's devalued paper dollars). It is now widely expected that she will overhaul "the system" and quickly get to work on stepping up appropriate enforcement activities, encouraging and appreciating wistle-blowers with credible warnings of wrongdoing so that proper investigations can begin taking place at last... I suppose, we will see...
The imperative importance of restoring faith in our economic system by "change we can believe in" at financial regulatory agencies was mentioned in the hearing as well today, including at the CFTC. I wonder if Mary Schapiro's former governmental agency may follow suit by enforcing their mandate proactively, without the need for being basically grilled and accused for gross negligence, incompetence and/or apathy in taking appropriate actions when data and evidences indicate serious criminal anti-trust activities, especially at the highest, most powerful levels.
GATA (Gold Anti-Trust Action Committee) and its many supporters must have recognized the irony of it all today, or at least I hope they have, and will apply full pressure on the CFTC to do their job instead of just investigating at this most perfect opportunity of timing with all of the news media attention. The evidence is most apparent and overwhelming. The question now is: Will the CFTC take action and bring indictments against suspected criminals with the evidence, not just including, but especially the few big bankers that have long been manipulating gold & silver prices by naked shorting?
If the CFTC doesn't take action very soon, the COMEX will default soon anyway, and then there will certainly be a huge investigation, congressional hearings, expert wistle-blower witnesses, including GATA, & the works!! Either way, the swelling supply and demand imbalance will not allow for the artificial manipulation of physical silver and gold much longer. I can't even imagine silver being manipulated this way even a few more months, as it is already in an acute physical shortage and increasingly higher demand.
The latest tsunami wave of the future requiring increasing amounts of physical silver among the ever-increasing new industrial consumption uses, is batteries!! Silver, not lithium, is future of eco-friendly long-lasting recyclable energy-efficient safe batteries that don't blow up and catch on fire in laptop computers, hybrid/electric automobiles, etc...
Today, the Chairman of the Arkansas Medical Board was severely injured when his Lexus Hybrid Lithium-Ion Battery EXPLODED!! Silver is stable. Lithium is for unstable people and batteries (perhaps a concentrated group of crazy silver shortsellers should take some). Fox News just said the "porky stimulus plan" Congress is working on proposes massive amounts of money for converting automobiles to hybrids and tooling up Detroit to manufacture Hybrids. Will they blow up, or be the safe kind?
Silver's antiseptic properties have long been used for filtering/cleaning water. New pipes for infrastructure are lined with silver. Silver is used more and more in medicinal treatments and drugs. Silver is the perfect efficient and dependable electrical super-conductor, perfect for advanced nano-technology... The list of age old and new uses for silver goes on and on...
Whatever form the seemingly growing socialistic economic "stimulus" plan eventually takes, all of US will need so much more silver for so many reasons, including money when the inevitable inflation kicks in from printing so many trillions to pay for it all!!
Anyway, the previously successful suppression of precious metals prices, especially silver, by means such as "paper silver", shorts, metals leasing, etc... will not be able to hold off the coming Silver Price Tsunami!! Adjusted for inflation/depreciation of the dollar ever since being taken off the gold standard, silver is cheap, cheap, cheap...
SILVER, "the poor man's gold" is now rarer than gold!! A secure hard asset in uncertain times!!
Go GATA!! God Speed!!
The Congressional Hearing today on the Bernie Madoff Mess with testimony from 10 year wistle-blower Harry Markopolos was shockingly revealing of the financial regulatory beaurocracy at the SEC. Based upon Mr. Markopolos' testimony, the senior executives running the SEC over the past several years seem to have been protecting the criminals rather than properly investigating them, while totally ignoring credible warnings and evidences of wrongdoing! It seems like the proverbial "Fox guarding the Hen-House", or wolves giving naive sheople a false sense of security of being protected!
The strange irony is that the SEC is now headed by Mary Schapiro, the former head of the CFTC. Yes, much to her credit, this is the same Mary Schapiro who helped bust the notorious Hunt Brothers that cornered the silver market on the long side decades ago, sending the price up to $50/oz!! (that would be a whole lot more in today's devalued paper dollars). It is now widely expected that she will overhaul "the system" and quickly get to work on stepping up appropriate enforcement activities, encouraging and appreciating wistle-blowers with credible warnings of wrongdoing so that proper investigations can begin taking place at last... I suppose, we will see...
The imperative importance of restoring faith in our economic system by "change we can believe in" at financial regulatory agencies was mentioned in the hearing as well today, including at the CFTC. I wonder if Mary Schapiro's former governmental agency may follow suit by enforcing their mandate proactively, without the need for being basically grilled and accused for gross negligence, incompetence and/or apathy in taking appropriate actions when data and evidences indicate serious criminal anti-trust activities, especially at the highest, most powerful levels.
GATA (Gold Anti-Trust Action Committee) and its many supporters must have recognized the irony of it all today, or at least I hope they have, and will apply full pressure on the CFTC to do their job instead of just investigating at this most perfect opportunity of timing with all of the news media attention. The evidence is most apparent and overwhelming. The question now is: Will the CFTC take action and bring indictments against suspected criminals with the evidence, not just including, but especially the few big bankers that have long been manipulating gold & silver prices by naked shorting?
If the CFTC doesn't take action very soon, the COMEX will default soon anyway, and then there will certainly be a huge investigation, congressional hearings, expert wistle-blower witnesses, including GATA, & the works!! Either way, the swelling supply and demand imbalance will not allow for the artificial manipulation of physical silver and gold much longer. I can't even imagine silver being manipulated this way even a few more months, as it is already in an acute physical shortage and increasingly higher demand.
The latest tsunami wave of the future requiring increasing amounts of physical silver among the ever-increasing new industrial consumption uses, is batteries!! Silver, not lithium, is future of eco-friendly long-lasting recyclable energy-efficient safe batteries that don't blow up and catch on fire in laptop computers, hybrid/electric automobiles, etc...
Today, the Chairman of the Arkansas Medical Board was severely injured when his Lexus Hybrid Lithium-Ion Battery EXPLODED!! Silver is stable. Lithium is for unstable people and batteries (perhaps a concentrated group of crazy silver shortsellers should take some). Fox News just said the "porky stimulus plan" Congress is working on proposes massive amounts of money for converting automobiles to hybrids and tooling up Detroit to manufacture Hybrids. Will they blow up, or be the safe kind?
Silver's antiseptic properties have long been used for filtering/cleaning water. New pipes for infrastructure are lined with silver. Silver is used more and more in medicinal treatments and drugs. Silver is the perfect efficient and dependable electrical super-conductor, perfect for advanced nano-technology... The list of age old and new uses for silver goes on and on...
Whatever form the seemingly growing socialistic economic "stimulus" plan eventually takes, all of US will need so much more silver for so many reasons, including money when the inevitable inflation kicks in from printing so many trillions to pay for it all!!
Anyway, the previously successful suppression of precious metals prices, especially silver, by means such as "paper silver", shorts, metals leasing, etc... will not be able to hold off the coming Silver Price Tsunami!! Adjusted for inflation/depreciation of the dollar ever since being taken off the gold standard, silver is cheap, cheap, cheap...
SILVER, "the poor man's gold" is now rarer than gold!! A secure hard asset in uncertain times!!
Go GATA!! God Speed!!
