The Silver Saga
“The silver standard did not die a natural death. It was deliberately killed. A proper search for the assassins was never carried out. There was never a post-mortem. In this paper we focus on the conspiracy as it might have unfolded between the two dates: April 9, 1865 (the day General Lee of the Confederacy surrendered at Appomattox to General Grant of the Union marking the end of the War Between the States) and January 1, 1879 (Resumption Day, when payment of the victorious Union’s currency, the greenback was resumed in gold specie ̶ but not in silver).”
“In the 19th century silver coins did most of the money-work in the world. The turnover of silver coinage (the value of silver coins times their velocity) was at an all-time high, eclipsing the turnover of gold coinage by far. Inept governments did not follow the lead of Isaac Newton, and they tried to enforce a rigid exchange rate between the two monetary metals (called the Mint ratio). This system was called bimetallism ̶ a stillborn idea.”
“Bimetallism did not stabilize the exchange rate. On the contrary, it has destabilized it. The natural monetary system is based on silver and gold valued at a variable rate, as Newton’s monetary system in Britain did. Bimetallism was the disease, the demise of the silver standard was the unfortunate consequence. In the Western countries by 1879, in India by 1893, in China, the last stronghold of silver, by 1935, silver was demonetized.”
“It should be noted that hoarding gold and silver is not an aberration. It is, in fact, part of the essential mechanism regulating the rate of interest. It will bar the banks from suppressing interest. When depositors realize what the banks are up to, they withdraw their deposits in the form of gold coin. The banks lose reserves and are forced to call in loans. It will also act as a deterrent against government profligacy.”
“I have never been a conspiracy theorist. I never joined latter-day crowds crying “stop the manipulation of the silver and gold price by unlimited naked short sales!” I know full well that the present low price of silver is a remnant of the tragic outcome of the Silver Saga that started some 145 years ago at Appomattox. The prospect of Resumption of specie payments after the War Between the States created an incredible opportunity for monetary mischief. The circumstantial evidence is that the opportunity was fully exploited by an international banking cartel to sabotage the international monetary system. This observation does not make me a conspiracy theorist. I am offering a detailed plan to find out, some 145 years after the event, using the method of standard deviations from the means borrowed from mathematical statistics. We owe it to ourselves to do the necessary research. The world economy, sagging as it is under the weight of its debt tower and fast depreciating irredeemable currencies, is clearly on its way to self-destruction. The forcible elimination, first, of silver and then, a hundred years later, of gold from the monetary system removed the only ultimate extinguishers of debt we have. In consequence, total debt can only grow, never contract. The process is hidden since the unpaid and unpayable debt is accumulating as ‘sovereign debt’ of governments. The world is deluding itself that sovereign debt can increase indefinitely as governments can extend its maturity indefinitely. In 2008 we had the wake-up call that it cannot. Unless we stop the proliferation of debt, the world is facing prolonged deflation, depression, continuing capital destruction, bankruptcies and unprecedented unemployment. It is leading to a breakdown of law and order. It could spell the end of our civilization.”
Silver Update 11/27/12 Silver Saga
20m “China took an enormous blow because it was the last one on board using silver as money and their money internationally declined by 80%. That was a very serious blow to the economy of China. Of course that was a conspiracy by Western bankers to demonitize silver and dealt a very serious blow to China that had an impact of perhaps a century. Now the question is going to be, as many have pointed out, the Chinese have a very, very long memory, and will silver be the weapon now the Chinese actually use to pay back the bankers for the destruction of the Chinese economy many, many decades ago.”
28m10s “The international bankers have conspired against silver, the people’s money, and now the table’s are flipped, the silver is now all gone and the Chinese probably want revenge and they’re probably going to get it.”
Let me tell you something, I want revenge against the international bankers too.
Royal Canadian Mint’s Tungsten Twostep?
““In the face of unprecedented demand for gold maple coins and with physical supplies of gold being tight in 2009 – it makes sense that the RCM would have “borrowed” gold bullion from one of their customers whom they store bullion for. I have been told by industry insiders that the RCM does not assay gold bars when they take them in for storage. When the RCM tried to melt these bars, they were revealed to be tungsten – which melts at a much higher temperature than gold. This created a very awkward situation for the RCM – having to tell one of their customers that they had stored salted [tungsten] bricks of gold.”
(Indian banker) Subir Gokarn for dematerialisation to arrest rising gold demand
““It (high gold imports) is creating some macroeconomic stresses and so the challenge is to find ways to replicate the financial characteristics of gold without necessarily causing physically importing,” Gokarn told the last day of the two-day annual Bancon here.”
Somebody going by the id ‘Fred Hayek’ commented “What a contemptuous, hateful statement! How much less could this man be concerned about the citizens of India?”
“Let’s run his words through the Veritas bulls**t scrubber:”
“’We need to expose Indian citizens to more counterparty risk like they have with all the other crap financial products we try to dump on them.’”
I 100% agree with ‘Fred Hayek’.
I can’t see a piece of jewellery being made out of paper.
The Bankers, The Bradburys & The Carnage On The Western Front
“With the exception of a few thousand powerful people, the entire world’s population, all seven billion of us, are trapped… trapped into a criminal debt creating banking ‘system’ that has taken hundreds of years to perfect and to come to fruition. This ‘system’ results in enslavement and servitude. It creates dreadful unhappiness amongst ordinary decent people and causes wars, debt, starvation, pollution and environmental destruction. It feeds on greed, fear and division. It forces people onto the corporate treadmills of mass mindless production and mass mindless consumption. It uses lies, deception, intimidation and entrapment at all times. It is a system that is so clever and so cunning that most of the world is completely oblivious to its existence. It is a system that allows a few winners at the expense of a huge number of losers. It is a system that considers itself to be unbeatable and indestructible and is now so arrogant that it believes it can control everything and everyone on its terms. It is a system where psychopaths and sociopaths can flourish. And without question the centre of this system, the heart of this global corporate beast is the innocent sounding Square Mile known as the City of London.”
“Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power.” Senate document 23, Page 91. 1865”
“However, the response by the private bankers to this sudden threat to their banking empire was swift and brutal as this extract from The Times of London in 1865 shows: “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedence in the history of the civilised governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe.” On Good Friday, April 14th 1865, a lone gunman ended the presidency of Abraham Lincoln.”
Must Watch Presentation: Bankers, Bradburys & The Carnage On The Western Front
“Justin Walker tells the British Constitution Group annual conference on the 24th November 2012 of a little known historical fact which will collapse even further the reputation of the City of London.”
COMEX non-inventory non-movement
“In physical news, the COT report was released late last night and in the silver COT, we witnessed a massive increase in short positions held by JPMorgan. They are now up to 34% of the entire comex future short positions held.”
“Alastair MacLeod has provided a dynamite commentary with respect to the GLD and SLV where the proprietors have changed their prospectus’ to reduce the security for these vehicles. You may not have the protection you thought you had as it puts the custodians of those vehicles off the hook.”
“As stated above, we are 3 days away from first day notice in the silver contract for the December contract month. Here the OI fell marginally by 10,028 from 43,917 down to 33,889. Judging from yesterday’s huge volume, I would have thought that the OI for December would be less. If we average 4000 contracts rolling per day for the next 4 days we would have almost 18,000 contracts in silver standing or 90 million oz. That would surely break the bank.”
Available is only 33.9 million ounces so something has to give.
SOLA 5.13 Cutting Through The Economic Matrix
2m10s “Labour vs Capital.”
“–Both are needed for a productive capacity.”
2m20s “-Both need to be treated fairly, protected, and share the burdens.”
Keiser Report: God Hates Bankers
“In this episode, Max Keiser and Stacy Herbert discuss the water and fire signalling the arrival of the paper apocalypse as ever more analysts warn of the debt and credit bubble as governments put their faith in share traders who, a new study shows, are more manipulative than psychopaths. In the second half, Max Keiser talks to professor and economist, Steve Keen, about the fiscal cliff and private sector deleveraging. They also discuss the possibility of a currency collapse in Japan.”
Are the Netherlands’ gold reserves real? MPs want answers
“Questions have been asked in parliament about the location and value of the country’s gold reserves, most of which is said to be in foreign vaults, news agency ANP reports on Wednesday.”
“The Netherlands is said to have 612 tonnes of gold, with a value of some €24bn. Just 10% of it is held at the central bank headquarters in Amsterdam. The rest is in bank vaults in the US, Canada and Britain.”
“Socialist and Christian Democrat MPs are now asking if it is sensible to keep the gold abroad and want to know how pure the gold bars actually are.”
Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High
Canadian Researchers Discover New Evidence That Vitamin D Shuts Down Cancer Cells
Scientists Discover New Technique to Remove Fluoride from Drinking Water
Medical Tyranny is Here, And We Can’t Say We Weren’t Warned
“Health care reform is a hot topic today, as it has been for much of America’s history. Benjamin Rush, one of the signers of the Declaration of Independence, warned in 1787 that medical freedom needed to be included in the American Constitution.”
“Without this protection, Rush warned that the medical establishment would naturally progress – as many of mankind’s institutions do – into an oppressive dictatorship…”
Syrup found in biscuits, ice cream and energy drinks fuelling diabetes on a ‘global scale’
Judge Napolitano Fiery Response to Privacy Bill: It’s Wrong That the Senate Is Even Considering This
It should be called the End of Privacy Bill.
Jackbooted Corporate Thugs: DuPont Sends in Former Cops to Enforce Seed Patents
[Ed. Note: Hey farmers of America, look up the definition of FASCISM. You’re living it.]
“The provider of the best-selling genetically modified soybean seed is looking for evidence of farmers illegally saving them from harvests for replanting next season, which is not allowed under sales contracts. The Wilmington, Delaware-based company is inspecting Canadian fields and will begin in the U.S. next year, said Randy Schlatter, a DuPont senior manager.”
TSA Claims It Is Above Congressional Oversight
America is not a Constitutional Republic ruled by law.
Ron Paul: George Bush “Deep Into” CIA Drug Trafficking
This looks to be Ron Paul from a decade or so ago and how do we know that the CIA, that was formed in 1947, was not been drug trafficking all that time ?
Syrian newspaper names 142 dead foreign fighters
“A Syrian newspaper yesterday published the names of 142 foreign fighters from 18 countries the regime said were killed alongside rebels in Syria’s conflict.”
Hired mercenary army.
Christian preacher arrested for saying homosexuality is a sin (02 May 2010)
“homosexual police community support officer” – not just a police community support officer but a homosexual police community support officer.
Would they have called someone in Galileo’s time who ticked off the ‘authorities’ for saying the world is round, a ‘world is flat’ police community support officer ?
“Harry Hammond, a pensioner, was convicted under Section 5 of the Act in 2002 for holding up a sign saying “Stop immorality. Stop Homosexuality. Stop Lesbianism. Jesus is Lord” while preaching in Bournemouth.”