Over the weekend we ask “how the bankers would respond” to the reddit army moving against their favorite cash cow – the COMEX and LBMA silver “markets”. Well, here’s one way.
Will the propaganda machine known as the state-run corporate financial media be able to sell these lies to the general public? The same public that is beginning to awaken to the lies they were sold about Trump being a nazi, phoba-phobe, white suprematist and #NotMyPresidentElectBiden not being a communist – you know, by not campaigning Biden amassed the largest voter turn out in the history of the world!!! Yeah, those lies.
As reported by Zero Hedge
Long, John: Silver
You won’t fight, as gentlemen o’ fortune should; then, by thunder, you’ll obey, and you may lay to it!
Friday was still Game On for the Redd-olution not Game Over, and the new target today is to go long, John: silver. The word is that, like GameStop, gold and silver prices are being repressed by shorts as a way to hide the inflation that our central-bank money printing is creating. If you don’t look at the price of houses, or healthcare, or education, or food, or commodities, or stocks, or junk bonds then, yes, I suppose low gold and silver prices are worth considering. So the Redd-olution is going to sail on to attack asset after asset like The Crimson Permanent Assurance, forcing those short to walk the plank, and leaving regulators and the financial media pearl-clutching in their wake. That’s already important. However, the fact that silver seems the booty all Reddit pirates are a-sailin’ for leads this particular captain to cry “Fair warned be ye, says I.”
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The key lesson here is that the power to create money, and to demand that money as taxation, IS power (which is also an MMT argument). In that regard one can see why Redditors are lashing out at ‘The System’. Yet if we were to take this power away from central banks and give it to gold or silver –which going long silver will not result in, John– we would simply replace one master with another, and an exogenous one which can’t respond to populism. Yes, such a move would burst our unfair asset bubbles. However, anything so deeply deflationary would likely lead to something far worse than people discussing asset prices on Reddit. There is no Treasure Island waiting – just scurvy, weevils, the lash, and sharks.
The bankers, you know those wonder-filled loving people who brought us every war ever fought – ALL WARS ARE BANKERS’ WARS!, then, these same bankers stole all our wealth – remember 2008, sure you do. You know, when your savings lost 55% and then we, the American tax payers, handed out more than $16 TRILLION to bankers around the world? Yeah, that 2008.
It’s not working. The redditors and people like you and me are aware of these crimes, lies and manipulation. We are going to do our part to bring it all down. Crash and burn, baby!! Make the planes stop flying, the ships stop sailing and the trucks stop rolling. Crash the whole thing because that’s the source of all their power and silver is the key to, literally, breaking the bank.
