What's Gonna Happen This Year?!
I feel very sorry for those people who get excited or depressed as they watch the price of silver gyrate up and down. It is a very cruel game played by the controllers of the price to destroy your belief in yourself. They know how to get the average investor excited and they know how to destroy their conviction. The question now is WHAT'S GONNA HAPPEN THIS YEAR?!
Yes, it has already been planned out from the first day of trading to the last. They have already decided when to bring the price up past $50 and when to slam it down. It's already in their computer program. They don't even have to go to work anymore this year...IT'S ALREADY PROGRAMMED IN!!!
Unless of course the Good Guys take them down once and for all. This is what has been happening for the last few years and yet the FINAL BLOW has not been struck. It almost happened with the implosion of Bear Stearns...it was all about silver. Then JP Morgan came in to save the day for the Bad Guys by taking over the huge short. We can all thank Ted Butler for figuring this one out.
First let's go over the last few years of the Bad Guy Rigging Programs. Each one of these graphs were set into motion in January of that year and those who control the computer programs designed the pattern the price would be steered before hand.
First here's 2010. this was a year when "they" decided the price was way too low in January and they decided they would double the price from $15 to $30 by the end of the year. This is the way they decided to do it...
Then in 2011 they knew that the word was getting out that silver was a great investment. JP Morgan placed Bill Daley in the White House next to Obama as his Chief of Staff to wreak havoc on the psyche of silver investors and boy did they ever. Daley immediately set the program to double the price of silver from $25 to $50 and suck as many new people in as possible. Then the Hammer came down hard. Not once but twice. By the end of the year, as by design, silver ended with no change and Bill Daley left the White House...Mission Accomplished!
It was decided in 2012 to make the silver market as BORING as POSSIBLE keeping the price range from $27 to $35. This was decided, programmed and implemented in January 2012 and that process was done very well...WE ARE ALL BORED WITH SILVER!
Don't you wish you had the Silver Price Graph for this year?!
New Silver Rigger STOPPED DEAD IN THEIR TRACKS!
Back in September I wrote and article exposing that there was a new Silver Rigger in Citibank as they had added massively to their LBMA long and COMEX short. You can find that article here:
ALERT: Silver Short Hot Potato Being Passed Again!
After this was published something strange happened over at Citibank.. Their CEO and CFO resigned and their massive buildup of silver positions STOPPED growing! From $5B a quarter in silver derivatives to almost zero in the 3rd quarter.
Not only that but it seems that we lost one of our banks in the concentrated COMEX silver short according to the Bank Participation Report that has gone from 4 banks to under four...
It is also notable that the total COMEX Silver short has grown to over 40,000 contract or 200M oz and because one of the banks is now off the list it increases the concentration of the other three to a minimum of 13k silver short contracts each...but more likely 30k+ short silver contracts for JP Morgan
What it means is that "THEY" are on the ropes and all their life lines are being withdrawn. When it will finally kill the banking cabal is anybody's guess but clearly "things" are happening. Is Bart Chilton FINALLY gonna pull the plug? Maybe he finally read his own book!
"This book tells these stories of crime and punishment in a readable style that can inform and educate anyone who wants to find out how to identify and avoid becoming entangled in an investment fraud. When dealing with possible Ponzi schemes, your best investment is in the facts - and you'll find those facts in Ponzimonium."
JPM Has Until the 11th
How come JP Morgan gets to disregard all the officials investigating fraud and get away with it? The latest is withholding documents related to the Bernie Madoff Scandal. Make no mistake - the Madoff take down was one of the first major takedowns of the Bad Guys in this battle. Madoff had little to do with the situation. It was massively bigger than just him running a Ponzi scheme. It was a direct frontal attack on the Bad Guys is full view of the world. The fact that JPM is still withholding evidence years after the hammer came down is telling. There has been a 4 year "pause" in the take down of the Cabal but that is now ending...
JP Morgan Faces Sanction for Refusing to Provide Madoff Documents
"Inspector General Eric Thorson gave the largest U.S. bank a Jan. 11 deadline to cooperate with the Office of the Comptroller of the Currency probe or risk sanctions for impeding the agency's oversight. JPMorgan, according to the Dec. 21 letter, contends the information is protected by attorney-client privilege."
"The previously undisclosed OCC probe adds to the lender's troubles in Washington, where several agencies and lawmakers are investigating the bank's loss of at least $6.2 billion on botched derivatives trades. The losses have prompted regulators including the Federal Reserve to consider tightening proposed restrictions on proprietary trading."
"In the letter sent to JPMorgan general counsel Stephen Cutler, the inspector general -- the Treasury's internal watchdog -- dismissed JPMorgan's arguments on attorney-client privilege, saying the OCC "could not do its work" if banks were allowed to withhold information on that basis. The OCC, an independent bureau of Treasury, asked the IG office to review the situation, Thorson said in the letter."
"Failure to produce the records "will have to be seen as a continuing purposeful impediment to the authority of the OCC," Thorson said in the letter, and would require "further action by our office."
"JPMorgan "had financial reports in its possession that clearly evidenced fraud," David J. Sheehan, lead counsel for Picard and a partner at Baker & Hostetler LLP, said in a February 2011 statement. JPMorgan was the Madoff firm's "primary banker for more than two decades," Sheehan said."
"JPMorgan benefited from Madoff accounts while it "helped perpetuate Madoff's fraud by ignoring the red flags, and continuing to structure products and collect fees for their own enrichment," according to the trustee' lawsuit."
So it looks to me like the take down will now continue...but who knows how long it will take. Read this article in it's entirety as it points out that JPM and BofA have the American people by the jugular when it comes to supporting "too big to fail" banks. Will we EVER be able to get out without chaos? I doubt it.
JPMorgan to BofA Get Delay on Rule Isolating Derivatives
By Silla Brush - Jan 4, 2013
JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and Bank of America Corp. won a delay of Dodd-Frank Act requirements that they wall off some derivatives trades from bank units backed by federal deposit insurance.
Commercial banks including the Wall Street firms may get as long as an additional two years -- until July 2015 -- to comply with the rules, the Office of the Comptroller of the Currency said in a notice yesterday. The so-called pushout provision was included in the 2010 financial-regulation law as a way to limit taxpayer support for risky derivatives trades.
The Commodity Futures Trading Commission and other regulators need to complete swap rules to allow "federal depository institutions to make well-informed determinations concerning business restructurings that may be necessary," the OCC said in the notice. Dodd-Frank requires that equity, some commodity and non-cleared credit derivatives be moved into separate affiliates without federal assistance.
Regulators including Federal Reserve Chairman Ben S. Bernanke had opposed the provision, saying it would drive derivatives to less-regulated entities. In February, the House Financial Services Committee approved with bipartisan support legislation that would let banks keep commodity and equity derivatives in insured units by removing part of the rule.
The OCC is prepared to "consider favorably" requests for transition, the regulator said in the six-page notice. The agency said delays could be extended for a third year based on consultations with other regulators. OCC Report
JPMorgan had 99 percent of its $72 trillion in notional swaps trades in its commercial bank in the third quarter of 2012, according to the OCC's quarterly derivatives report. Bank of America had 68 percent of its $64 trillion in its commercial bank, according to the report.
Banks including Citigroup Inc. (C) will be given as long as two years beyond the July 16 deadline to move their swaps businesses, the OCC said. They must submit written requests describing how a transition period would reduce harmful effects on mortgage lending, job creation and capital formation. The requests, which must be submitted by Jan. 31, also must weigh how the transition period would affect insured depositors. Other Regulators
The Federal Deposit Insurance Corp. expects to release rules or guidance in coordination with other regulators that apply to different types of banks, Andrew Gray, the agency's spokesman, said today in an e-mail. None of the 65 firms that registered as swap dealers with the CFTC by the end of last year are directly overseen by the FDIC, Gray said.
The Federal Reserve has primary oversight of swap dealers that have registered with CFTC including Bank of New York Mellon Corp. and Goldman Sachs Bank USA. The pushout provision's impact on uninsured U.S. branches and agencies of foreign banks is also unresolved by the OCC's guidance and lack of guidance from the FDIC and the Fed.
The uninsured branches of foreign banks should be given the same treatment as U.S. insured depository banks, Sally Miller, CEO of the Institute of International Bankers, said in an e-mail today. "It is imperative that this disparity of treatment be addressed quickly," said Miller, whose organization represents banks including Credit Suisse AG (CSGN) and Deutsche Bank AG.
Eric Kollig, a Fed spokesman, declined to comment on the Fed's approach to the issue. 'Pretty Amazing'
"The procrastination of both regulators and the banks on this portion of Dodd-Frank has been pretty amazing," Marcus Stanley, policy director for Americans for Financial Reform, a coalition including the AFL-CIO labor federation, said yesterday in a telephone interview. "The swaps-pushout provision is a really important part and something that absolutely should be a central part of the regulatory framework."
Blanche Lincoln, an Arkansas Democrat who led the Senate Agriculture Committee during talks leading to Dodd-Frank, sponsored the original provision in 2010. It applied to more more types of derivatives before it was scaled back amid objections from Bernanke and former FDIC Chairman Sheila Bair.
"I never myself thought it made a great deal of sense," Barney Frank, the Massachusetts Democrat who helped draft the Dodd-Frank law and whose last day in Congress was yesterday, said on Feb. 16 when he backed changes to the pushout provision.
Ken Bentsen, executive vice president of public policy and advocacy at the Securities Industry and Financial Markets Association, said Congress should still seek changes.
"We continue to believe that the underlying swaps push out provision is bad policy," Bentsen said yesterday in an e-mail, noting that regulators haven't proposed how the provision would work. "Given this uncertainty, it is impractical to require compliance by July 2013," he said.
Good Guy Spills the Time Line Beans
I know that it is very, very difficult to distinguish between the Good Guys and the Bad Guys in Congress these days but EVERYTHING will change soon. Barney Frank was one of my original Good Guys as he worked with the Fed Boston to help implement the transition to a Gold Standard. Barney's job was to get the American Silver Eagle program ready for the transition...which he did back in the 1980's. He was also in charge of spearheading the Dodd-Frank Act which was designed to TRY and have a smooth transition...which I don't think is possible but he gets a gold star for trying.
Anyways, many had thought he was out of the picture when he left office but I'm not so sure and his latest statement gives us some idea of where he wants to be situated when the financial meltdown takes place...
Barney Frank Seeks Senate Appointment
"But that deal now means that February, March and April are going to be among the most important months in American financial economy."
Clearly Barney Frank thinks he needs to be positioned in the right place at the right time.
I doubt the first part of 2013 will be boring!
7 Steps That Line Up With the Road to Roota
I still listen to the Drake interviews 2x a week as some of it is useful in my work. It's tough to swallow some of the stranger stuff but people say that about my work too so who am I to judge?!
Anyways, he had a guest on this Sunday who talked about the "7 STEPS TO TRANSFORM THE GLOBAL ECONOMY" and they all line up exactly with the original Road to Roota analysis. Here's the interview and a list of the 7 steps.
HAPPY NEW YEAR 2013! 7 STEPS TO TRANSFORM THE GLOBAL ECONOMY
STEP 1: Step number one of these seven steps, ABOLISH THE FEDERAL RESERVE BANK. There is existing legislation for this. A former Representative, Rob Paul, proposed a Federal Reserve Board Abolition Act. There are many ways to do it. As soon as the profit is taken out of controlling U.S. dollars, as a [federal] reserve Currency, the Rothschilds-City of London interests will move out of this arena. They are like a parasite on the back of humanity.
STEP 2: Step two, CREATE A U.S. CENTRAL BANK AS A PUBLIC UTILITY.
In the interim, while the U.S. Central Bank is being created, (that is a publicly controlled U.S. Bank), the U.S. Treasury can issue U.S. silver-backed Treasury Notes, not necessarily 'silver backed'. They can issue Treasury Notes under the authority of the executive order signed by President John F. Kennedy shortly before his assassination on November 22, 1963. And, there you go!
STEP 3: Step number three, END THE POWER OF PRIVATE BANKS, CREDIT COMPANIES AND THE CREATION OF DEBT MONEY, AND FRACTIONAL RESERVE LENDING.
The solution to the banking crisis of the 1930's was to break control of the banks and creating money as debt. As long as banks have a monopoly on the creation of money as debt, this problem will persist because banks will insist on creating money as debt; which they do through fractional reserve lending to enslave us.
Some publicly controlled institution other than banks has to be created to create money.
STEP 4: And that leads to step four, THE U.S. CENTRAL BANK AS A PUBLIC UTILITY PROVIDING PUBLIC MONEY, CREDIT, AND BANKING FOR THE POPULATION.
Money as a public utility enables persons to start businesses etcetera. That's what the Central Government provides for. It provides for currency and the rest of us, then, [are] out here using our creativity work with [money provisions] as we're working our planet, eventually long term, many life-bearing planets don't use money…
STEP 5: Step five, THE U.S. GOVERNMENT DEFAULTS ON ALL OF ITS DEBT OBLIGATIONS BROUGHT ABOUT BY THE POLICIES OF THE FEDERAL RESERVE BANK.
[The Federal Reserve Bank] was brought onto the Unites States by legislative fraud of the City of London banking interests and maintained as such.
The U.S. public debt as of today, December 14, 2012, of 16.374 trillion or 16.375 trillion, is the direct result of false flag operations of the Federal Reserve designed to maximize profits of the Rothschilds' City of London/Wall Street bloodline banking interests, enslave the U.S. and world populations in debt, and position the human population for an intentional depopulation program. Therefore, there is a force majeure that morally and legally justifies the U.S. government in repudiating these debts, which in any event, are in U.S. dollars that are property of the Federal Reserve. Therefore, with the creation of the U.S. Central Bank, worthless.
STEP 6: Step six, FORGIVENESS OF ALL PUBLIC AND PRIVATE DEBT WORLD-WIDE
The forgiveness of all public debt worldwide, with priority to developing nations debt. The forgiveness of all public and private debt worldwide.
Debt is the invention of banks control [mechanism] using fractional reserve lending and using fraud such as fraudulent institutions; such as the Federal Reserve (a private central bank); by banks that are beneficially owned by the City of London bloodline bankers [all of whom conspire] to enslave the world.
Forgive the debts. We're through with this game.
STEP 7: Step number seven, A FINANCIAL WAR CRIMES TRIBUNAL.
A competent international tribunal for war crimes, crimes against humanity and genocide resulting from financial and banking crimes with full jurisdiction, prosecutorial authority, staff and budget, to pierce the corporate veil and to pursue the international war crimes racketeering organizations around the City of London, Wall Street, and allied banking bloodline organizations through the Federal Reserve etcetera that has led to these practices around the world.
What a glorious year it would be for the world if all 7 steps could be accomplished in 2013!