|
|
If you ever write
to someone, like me, to say that you disagree with them, you should at
least be able to say why. I do, and I will. Here's an
example: I think futures contracts are a form of fraud because there
are more paper contracts than real silver, and I think "regulating"
fraud is simply fraud on top of fraud.
So far, nobody has demonstrated any capacity to explain how new position
limits on metals, even applied to short sellers, would end the endless
short selling. Nobody has explained how the Commodity Futures
Trading Commission (CFTC) would be able to detect, and/or catch, and/or
prevent an entity like JP Morgan from setting up many dummy shell
corporations to short all the silver contracts that they wanted to avoid and
get around any new regulation.
Therefore, my view is that new position limits contemplated by the
CFTC would be irrelevant. CFTC regulation of short positions
is impossible and a waste of time. What the CFTC has been capable
of doing so far is to criminalize and outlaw "excessive" long
positions, as if it's somehow criminal to spend your money on what you
want.
Furthermore, if I acted or believed as if I could help
convince the CFTC to do a "better job" of regulating silver futures
contracts, doing so would merely help the deception. Therefore, I
have no interest in trying to "be nice" to the CFTC in the hopes
that my tone would have a meaningful impact on the silver market.
What are the sayings that come to mind? You can put lipstick on a pig,
but it's still a pig.
"Regulating" futures contracts is a doubly fraudulent concept
to begin with. The so-called regulation makes futures appear
more honorable than they are, but it is all a deception. The CFTC
is the lipstick on the pig of futures contracts. I have no interest in
helping to apply the lipstick. My ministry is one of pointing out that
the pig is still a pig, despite the appearances of lipstick!
The CFTC's real job is to help make the prostitute look more tempting.
People will falsely reason to themselves, "Futures contracts must be
safe, after all, they are regulated by the CFTC who oversees the
markets and prevents manipulation from taking place." But
it's all just lies upon lies.
How can anyone deliver between 600 to 800 million ounces of silver in futures
contracts, when there are only about 50 million ounces in the
warehouses? Easy! Most futures contract holders, only putting
down a small fraction of the value of the silver, never can afford,
nor do they intend, to take delivery, so the scam of
"endless" paper silver contracts continues.
What's worse is that the BIS, the Bank of International Settlements, released
a report showing that "over the counter", "other precious
metals" (mostly all silver) derivatives, (which are not
futures contracts, which are IN ADDITION TO FUTURES CONTRACTS), could expand
by a notional value of over $107 billion in a mere 6 months! The
BIS report fails to mention that the total global annual production of
silver, at 600 million ounces, is worth less than $11 billion!
http://www.bis.org/statistics/otcder/dt21c22a.pdf
The unregulated "over the counter" silver bullion market is ten
times larger than the futures contracts the CFTC is authorized to regulate,
further making the CFTC completely irrelevant, and in fact, impotent as far
as regulation goes, even if they could regulate futures, which they can't.
They only help to prosecute the righteous, not the criminal.
Some people say that our CFTC Appreciation Medallion is offensive. But
the CFTC is part of the group that allows cheap silver to exist. We
should thank them and bless them for creating this wonderful investment
opportunity that exists only for the little guys, and is completely closed to
all billionaires. Billionaires can't buy silver because they will be
prosecuted for having an "illegal" long position exceeding 1500
contracts!
For those who understand the nature and limits of the fraud, and why it
can't last forever, there is the realization of silver as the best
investment opportunity in the history of humanity.
==========
Adrian Douglas released a report explaining how and why banks hold more gold
than exists for their customers who never take delivery in
his latest article:
Adrian Douglas: The 'tiny' gold market is actually the world's biggest
http://gata.org/node/8248
By "biggest" he means that the daily volume turnover of "gold
held on account" by bullion banks and brokers is about 3 times
larger than oil. But the daily gold turnover is about as much as
annual gold production, indicating that it's mostly all fraud.
==========
Here are two more examples of good men prosecuted to the fullest extent
of creative law:
Walter Burien had his 5 year old son kidnapped by police in 2005, and to this
day has not seen his son. He is asking, no, challenging, any righteous
FBI agent or US Attorney to come to his aid in his case.
http://cafr1.com/Plea.html
Walter writes: I just launched my new video "The Only Game in Town - The Way Our
Government Can Be" as a $3 click per view for a 24-hour pass http://CAFR1.com/BuyNow.html
It hits the nail on the head and shows the comprehension on how all taxation
can be phased out. Not reduced but eliminated and have a thriving economy to
boot!
==========
Martin Armstrong was put in prison and now writes one of the best financial
newsletters exposing corruption in the business--still writing from
prison.
http://www.martinarmstrong.org/economic_projections.htm
His latest letter, Behind the Curtain - The Full Monty
starts off explaining the corruption of the CFTC.
==========
It's all so utterly typical. The government always does the opposite of
the intended, or proposed effect.
Government healthcare will destroy healthcare.
Government welfare creates generations of people addicted to welfare.
Government bail outs for big banks encourages bankrupt behavior of leaders of
big banks.
Making war on people all over the world makes the US less safe as it
increases retaliation called blowback.
Someone should come up with a "strengthen the dollar" bill in
congress that mandates the US government pay for everything only in silver or
gold coin. Why? Obviously, it would reveal the fraud of the
dollar, and destroy it!
So, the CFTC is supposed to regulate markets to make sure they are
fair? No. The CFTC guarantees the markets remain unfair, that the
government granted monopoly of printing paper money is protected.
Again, if you write to say you disagree with me, please have the courtesy to
say WHY. And by WHY, I don't mean to suggest that you simply state that
you believe I'm a pompous fool. No, please suggest to me how the
CFTC would actually be able to detect, catch, and prosecute dummy
corporations set up by JP Morgan, in the event that position limits are ever
applied to the short sellers. Simply saying that you think I'm a
pompous fool, does not count as a reason why you disagree
with me.
==========
Don't forget to register for the Phoenix show, Feb 4-5th, while you still
can!
ENTER PROMO CODE: SSR
=========
I strongly advise you to get real
gold and silver, at anywhere near today's prices, while you still can.
Price
Board:
http://jhmint.com/cgi-bin/ssrbidask
Our Coin Shops are open 10AM to 5PM Pacific, Monday to Friday
100 oz. silver minimum, USA shipping, wire transfer only!
Janelle (530) 913 0553 silver_support1@vzw.blackberry.net
JH MINT & Coin Shop, Grass Valley, CA
(530) 273-8175
http://www.jhmint.com/
Rocklin Coin Shop,
CA, 15 min north of Sacramento
http://rocklincoinshop.com/
Or visit www.momsilvershop.com
(Mom will ship in
lots of more or less
than 100 ounces of silver, and overseas, and take credit cards or pay
pal.)
Sincerely,
Jason Hommel
www.find-your-local-coin-shop.com
www.silverstockreport.com
www.miningpedia.com
www.bibleprophesy.org
I
have 2 major resources on mining stocks to offer to you.
First,
look at www.miningpedia.com
It is a FREE comprehensive database of mining stocks. Anyone can update
or enter data, it's like wikipedia.com. Miningpedia has replaced the
"silver stock report" in that it is doing the legwork on individual
stock analysis that I used to do manually. This frees me up to do what
I like best, which is to write commentary. My commentary retains the
name, "Silver Stock Report", but for individual stocks, please see
miningpedia.com.
Second,
I offer a "look at my portfolio" for $50/month; where I share a
peek at which stocks I own, once a month. You can log in at any time,
repeatedly, and also see all my prior months
Please visit Silver
Stock Report for specific
stock picks.
| |
