Max Keiser on why silver is down today..

mikedm · Dec 15, 2011

Liquidating GLD and SLV due to MF Golbal collapse and HSBC lawsuit @ 1:20

See post #6 below for embedded video

http://www.youtube.com/watch?v=2I7OSa2ujpM&feature=channel_video_title

Max also drops f bomb in part 1.

Shaddam IV · Dec 15, 2011

Bad link.

mikedm · Dec 15, 2011

Jonesy said:

Bad link.
Click to expand...

try now.. embedded youtube on my comp

Argentum · Dec 15, 2011

works now

RetardedMonkey · Dec 15, 2011

Still broken.

RetardedMonkey · Dec 15, 2011

[youtube]http://www.youtube.com/watch?v=2I7OSa2ujpM[/youtube]

Matthew 26:14 · Dec 15, 2011

These conspiracy plot bumpkins always see something sinister going on and that "the powers that be" are to blame. The real reasons in my view for the drop are:

1. Gold has taken a 4%+ dive in a day, so other precious metals follow;

2. Like in 2008, this time with the Euro going into the toilet, the fear factor in the markets is going into orbit and that moves people into cash, this time US dollars;

3. You can see the safe haven play into US dollars by the strength of the USD against currencies in the last couple of days;

4. Silver has industrial applications which in a rapidly cooling world economy, especially with China on track for a hard landing, will reduce industrial demand for silver;

5. Silver has been in a slow spiral down for about 8 months. It has shown price weakness over that time and as a result when a sell-off comes it is usually quite pronounced.

mikedm · Dec 15, 2011

Even for a conspiracy nut it's a big call to say Corzine was threatened with murder if he didn't cover bets using JP Morgan's money with depositor's funds.

GTS · Dec 15, 2011

I wouldnt pay too much attention to anything said on the Alex Jones radio show.
He is described by the maintsream media as a right wing conspiracy theorist and believes the US Government was involved in the Oaklahoma bombing & 911 attacks.

thatguy · Dec 15, 2011

GTS said:

I wouldnt pay too much attention to anything said on the Alex Jones radio show.
He is described by the maintsream media as a right wing conspiracy theorist and believes the US Government was involved in the Oaklahoma bombing & 911 attacks.
Click to expand...

Yes the US Government is a lovely bunch of guys just looking out for the everyday american :|

mikedm · Dec 15, 2011

GTS said:

I wouldnt pay too much attention to anything said on the Alex Jones radio show.
He is described by the maintsream media as a right wing conspiracy theorist and believes the US Government was involved in the Oaklahoma bombing & 911 attacks.
Click to expand...

hmm well he has been plugging gold for the last 10 yrs whilst the mainstream media is only now cottoning onto it.. :/ I wouldn't pay too much attention to the msm. imo.

Yippe-Ki-Ya · Dec 15, 2011

Max Keiser izzz THE GAME!!!!

Yippe-Ki-Ya · Dec 15, 2011

GTS said:

I wouldnt pay too much attention to anything said on the Alex Jones radio show.
He is described by the maintsream media as a right wing conspiracy theorist and believes the US Government was involved in the Oaklahoma bombing & 911 attacks.
Click to expand...

lol!

what are you? a sleeper agent for the US regime?? :lol:

jparrie · Dec 15, 2011

Another reason here: http://harveyorgan.blogspot.com/

In a fresh sign of bankster desperation, we recently learned that they have pushed lease rates for gold to the lowest, negative level in history i.e. they are paying people more money to "borrow" their gold than at any other time. We know this is a sign of desperation, because back in the real world, buyers are paying premiums near record-highs to buy their (real) gold.
There are numerous implications regarding this latest bankster tactic to suppress the gold market, but before getting into those let's explore all of the reasons why bankers like "leasing gold" in the first place. The starting point is to note that it is with gold-leasing that we see the beginnings of the banksters' 100:1 leverage in the gold market.

A banker is holding a quantity of gold in his vault. He "lends" the gold to a trader, and suddenly you have two parties both pretending to be the "owners" of that gold. Naturally, the banksters also like the fact that this is a totally opaque, unregulated/unreported transaction. The banksters can secretly lend out their gold, and since the transactions are never reported, we lack the absolute proof that none of this "loaned gold" is ever repaid.

There is certainly plenty of circumstantial evidence on which to base such a conclusion, however. In order to review this evidence, we first need to know what is being done with the bankers' leased gold. A detailed analysis by veteran precious metals commentator Frank Veneroso explains how and why "The ultimate borrowers in the gold lending operation are these shorts in the gold futures and forward market."

We immediately see a second reason the bankers love gold-leasing: all of the "leased" gold ends up being shorted onto the market. What this directly implies then is that in order for these gold leases to ever be repaid the short positions must be closed out so that the gold (supposedly) backing the trade can be repatriated to the bank. However, what we see in the gold market is a huge, permanent short position in the gold market which has swelled enormously since Veneroso wrote the article above nearly a decade ago.
We now know that at least some of these gold leases have never been repaid, since the gold that was loaned out remains on the market. However, as a matter of simple arithmetic we can deduce that few if any of these leases are ever repaid. As I noted above, each gold lease creates "paper gold" (i.e. a "fractional reserve" gold market) and increases the bankers' leverage in the gold market.

We know from Jeffrey "I can't keep a secret" Christian of the CPM Group that the gold market isleveraged by approximately 100:1. Yet just as every new lease increases leverage in the gold market, closing out any lease would reduce leverage by a corresponding amount. The combination of the permanently rising leverage, and the permanently rising short position provide irrefutable empirical evidence that little if any of this "leased gold" is ever repaid.

We can reinforce this conclusion further through common sense, and a basic observation of bankster behavior. Specifically, bankers never reduce their leverage voluntarily the exception being short-term panic reactions each time their reckless gambling (again) pushes them to the verge of their own bankruptcy. However, as noted above there is zero empirical evidence that the banksters ever reduce their leverage in the gold market on even a semi-permanent basis.

Having supplied several powerful reasons as to why the bullion banks love to "lease" their gold (i.e. sell it to multiple buyers) begs the question: why aren't the bankers always "leasing" vast amounts of gold to suppress the price? Hopefully that answer is obvious to regular readers. If you want to loan ton after ton of gold onto the market, you must have some original bullion to lend into the market in the first place.

Here is where we come upon a seeming paradox with respect to the recent explosion of gold leasing. We know that the banksters have virtually run out of their own bullion, as the evidence is absolutely conclusive. The same Western central banks which were openly selling 500 tons of gold per year onto the market every year have now all totally ceased their gold sales. They have no more goldor at least they had no more gold.

Yet here we have the same bankers directly implying that suddenly they have lots of gold. It makes no sense to announce "the greatest sale on gold in history" only to run out of inventory after the few first customers have bought their fill. Clearly the bankers have some new gold. This begs an even more obvious question: where did they get it?
Here, unfortunately, we must descend into speculation. However it is speculation which we can back up with yet more circumstantial evidence. As I noted in a previous commentary, as part of the"economic rape" of European economies, the bankers announced that they would be "willing to accept gold as collateral" for some of their (fraudulent) paper debts. How magnanimous of them!

As we all know, when Greece (finally) forced the bond parasites to absorb 50% "haircuts" on their holdings that was a default event. What happens when a debtor defaults on a debt? Collateral is seized. The latest statistics from the World Gold Council on official government reserves show Greece sitting with over 111 tons of gold. And as victims of the MF Global collapse have learned the hard way, our criminal governments (and the bankers who pull their strings) no longer see it as necessary to even report when they have taken something from people. Thus the bankers could have looted every ounce of Greece's gold from its people and it could be months, years, or never before we finally find out about it.

One hundred and eleven tons is a lot of gold to lease, but it's certainly not the only gold hoard onto which the bankers could have recently latched their talons. Those who followed the "Libyan revolution" will have recalled a remarkable flip-flop by the West.

At one moment, we had the vastly superior military forces of Muammar Gaddafi steamrolling the rag-tag, disorganized rabble we knew as the "Libyan rebels". They were on the verge of collapsing. All hope was lost. Western leaders lamented that the lack of "UN authorization" prevented these upstanding citizens of the global community from doing anything to assist the rebels and there was absolutely no sign of any "movement" in those negotiations.

The next moment, the same disorganized rabble which didn't even have a military command structure (let alone a nation to command) announced they had created a "central bank". About ten seconds after that announcement, Western leaders announce a "sudden breakthrough" at the UN, and a drafted-and-approved resolution instantly materialized. And before the ink was even dry on that document, war-planes from several Western nations were on the way to Libya to enforce a "no-fly zone".

At that point we witnessed how much regard these Western nations had for international law. When following the UN mandate and merely enforcing the "no-fly zone" was not producing the result these nations desired, they simply tore up the resolution and threw it away. Instead, they began carpet-bombing any/all areas under the control of Gaddafi, slaughtering his ground forces (and large numbers of civilians) in what is a textbook example of "war crimes".

This brings us back to the pivotal moment when Libya's central bank was created. What possible purpose could there have been for the rebels to create a central bank before they had even created a real army to take control of the country? There was no "banking" to be done. And yet it was the creation of that symbol which was the obvious catalyst for a massive military commitment by the West.

One thing we do know about central banks is that they are the official receptacles for a nation's gold reserves. Turning again to WGC statistics on national gold reserves, we see that Libya had even more gold than Greece, 143.8 tons to be precise and more than enough for a group of gold-hungry bankers to instruct their lackeys in government to mobilize their war-machines.
Let's summarize the facts. We had Western central banks totally running out of any gold to sell onto the market, with all gold sales having ceased for more than a year. Suddenly, we have the bullion banks announcing they have so much gold on their hands that they are doing more than just giving it away, they are literally paying people to "borrow" it in the greatest "gold sale" in all of history.

We have the same bankers announcing that the gold of Greece was now "collateral" for its sovereign debts. We then had the Greek government defaulting on those debts, directly implying the seizure of that collateral.

We had the"rebels" of Libya on the verge of total annihilation, while Western governments claimed they were helpless to intervene because it was "against international law". We suddenly saw the rebels create an official receptacle for their nations gold, and then had those same Western nationsinstantly launching a massive military intervention into Libya, where Western governments flagrantly disregarded international law while committing their war crimes.

You be the judge.

For newer or more timid investors in the gold market who fear that this latest operation is somehow an indication of bankster omnipotence, relax. It was less than two years ago that the scheming banksters thought they could torpedo the gold market through getting the IMF to dump 400 tons of gold onto the market (50% more gold than that of Greece and Libya combined).
What happened then? As soon as that gold hit the market, India swallowed-up half of it in one gulp. The price of gold was permanently launched above the $1000/oz mark and the gold market has never looked back since.

We know that the banksters are capable of depressing the price of gold over the short-term. We also know from the six-fold increase in the price of gold over the past decade that they are losing this "war". Meanwhile, it is only a matter of time until the masses realize that the worthless paper in their wallets is worthless. Sounds like a great time to buy gold on sale.
Click to expand...

Aureus · Dec 15, 2011

I think Alex is a nutter however I do think 911 was an inside job.
I saw molten metal pour out of one of the towers on live TV, that raised an eyebrow even before the theories came about.

To me it's obvious what happened but this is not the forum to discuss it so i'll keep my mouth shut.

hussman · Dec 15, 2011

I personally dont see how people could call Alex Jones a nutter. Unless ofcourse you have small penis syndrome.

Matthew 26:14 · Dec 15, 2011

hussman said:

I personally dont see how people could call Alex Jones a nutter. Unless ofcourse you have small penis syndrome.
Click to expand...

He's just attempts to copy and be more conservative than Rush Limbaugh.

stinkypete · Dec 15, 2011

thatguy said:

GTS said:

I wouldnt pay too much attention to anything said on the Alex Jones radio show.
He is described by the maintsream media as a right wing conspiracy theorist and believes the US Government was involved in the Oaklahoma bombing & 911 attacks.
Click to expand...

Yes the US Government is a lovely bunch of guys just looking out for the everyday american :|
Click to expand...

+ 1

Nugget · Dec 15, 2011

Anyone got a link to AJ talking about a terrorist attack on the WTC BEFORE 9/11 (as he claims)?

Also - has anyone done the math to disprove AJ's claim that the chances of a drill about civilian planes being hijacked and flown into buildings being conducted on the same day as a terrorist attack doing the exact same thing AND a drill / scenario being played out about Bombings on various London Tube stations taking place at the exact same time and exact same place as the 6/6 London tube attacks being the same as picking the same grain of sand from the planet earth?

Aureus · Dec 15, 2011

hussman said:

I personally dont see how people could call Alex Jones a nutter. Unless ofcourse you have small penis syndrome.
Click to expand...

The guy makes a living off scaring people and allot of what he spews out is trash. Don't get me started on his crazy rants, they're evidence enough he's NQR.

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