I wrote someone the other day about this and they remarked that it's just about gambling on futures and so what if a few 'bettors' get burned. He missed the point completely.
What I object to is the open criminality by the Fed banks. The raid yesterday began at the same moment Ron Paul began speaking with Bernanke on Capitol Hill--and holding up a silver dollar to make his point. The bankers sent out a psychological message that if you buy gold and silver, don't expect it to be a store of value like Paul was saying. Gold was down nearly $100 in a few minutes. Silver was down several dollars.
Their insider collusion was against the law. They've done it before many, many times and they now don't bother to hide their criminal acts or even pretend they follow the law. They almost delight and putting it in our faces--they are saying, 'We are your lords and masters. Deal with it!" Like Corzine stealing the customer accounts, they brazenly break the law and get away with it. And yet many in Congress still vigorously kiss Bernanke's backside.
The open criminality is what I was railing against. NOT because I and others may have lost money 'gambling' on silver and gold. This kind of lawlessness goes unpunished. That means it will continue and worsen.
Remember, the paper silver game/COMEX/LBMA still governs the silver price. Without their Soviet-style of managed suppression of PMs, both metals would be much, much higher. The banks also make windfall profits by their timed attacks by heavily shorting PM, driving out longs and triggering stops--which trigger more selling. If we on this board colluded to do this, they'd come after us and put is in prison. But since the banks run the show, they get away with it. Bernanke says that he will end the added liquidity. That also helped out his banker friends and their raid. But clearly Ben is lying again. Without continued printing, the US as we know it will not be able to continue. That would not be in their best interests for now--so they will continue to print debt money.
How long will their suppression continue? Until the COMEX paper show loses its legitimacy. This has occurred to an extent already. When Corzine stole billions, many realized that the concept of private property in America had been compromised. That has driven them out of the futures market for good. Now such markets are even more thinly traded and more easily rigged by elite insiders. They still tell us what gold and silver is worth...NOT supply and demand. When you can take your precious metal to a coin shop and sell it based on supply and demand, THEN you know we again have a free market in silver and gold. If he has to check his computer for the current 'official' price dictated by the banker commissars, then you know we are still under the thumb of criminal bankers.
BG
A nation of sheep will beget a government of wolves. — Edward R. Murrow
