Signed, Sealed, Delivered I'm Yours
Like a fool I went and stayed too long
Now I'm wondering if your love's still strong
Oo baby, here I am,
Signed, sealed delivered, I'm yours
Then that time I went and said goodbye
Now I'm back and not ashamed to cry
Oo baby, here I am,
Signed, sealed delivered, I'm yours
Stevie Wonder wrote the song I quoted in a simpler time - a time when a
contract was still a serious formal course of business. Those days are long
gone.
My friend and fellow subscriber sent me the following question worth
developing here.
Question: “Any solution to blatant naked short selling which has destroyed
capitalism and free markets? The concept of naked short selling is insane.
How can one sell legally, or in a common sense way, something he does
not own?
It seems to me as long as the blatant fraud of naked short selling is
allowed by the “regulators” in U.S. markets, then markets will continue to be
manipulated to protect the unstable, unbacked fiat Ponzi monetary system, the
short term trading goals of the government and the collusive big banks.
Sadly, it seems that simple.
Do you see any hope for enough people (or countries) to understand that
our markets are now totally corrupt and act to help restore fair, honest, and
free markets? Or is the ever expanding corruption likely to continue
until the markets become so fraudulent, and so out of whack, that they just
implode on their own? Please explain."
Let’s start with this from Wikipedia:
"In 2008, the SEC banned what it called "abusive naked short
selling" in the United States, as well as some other jurisdictions, as a
method of driving down share prices. Failing to deliver shares is legal under
certain circumstances, and naked short selling is not per se illegal. In the
United States, naked short selling is covered by various SEC regulations
which prohibit the practice.”
…And technically, it's also legal to intervene in the gold market.
And of course, the big concentrated short side of the silver futures
market is perfectly hedged. Not even close. Even if that positions was hedged
somehow, it would little sense for any for-profit entity to use a volatile
market like silver as a hedge for anything!
But hedging is not an excuse. The law was designed to prevent any one or a
few entities from controlling a position large enough to influence price -
regardless of a hedge.
Naked short selling is just one more link in a daisy-chain that extends
all the way from a currency backed by debt, layered by rehypothication (the
pledging of the same collateral over and over) and/or the use of margin (more
debt) across the entire range of finance.
Of course, sentiment is still entrenched in the 'everything is fine"
realm.
This widely held viewpoint is blind to the reality of real negative GDP
growth, upwards of 20% unemployment, continued inflation on what people need,
insane lending practices for academic and auto loans, and near
hyperinflationary health care costs. Not to mention 20 million people who
need direct food assistance.
Most people chose not see that, and therefore it's doubtful many will wake
up in time to reverse course. The tragedy is that there are plenty who know
enough -enough to end it if they could only get over their guilt from being a
part of its perpetuation.
And so it goes on until the day it ends with ‘no one saw it coming’.
Whether the implosion is triggered by the ever increasing density of the
unsustainable silver short or it begins elsewhere, where it could manifest in
any number of realms from frozen debt market liquidity to derivative
'surprises'.
When that day comes, the entire concept of the contract will come home to
roost. And many will wish for the day where signed sealed and delivered had
meaning.
Chris responded:
"I fear you are right and this is why the war drums are getting
louder every day, and the apparent onrush of commentary referencing healthy
and robust recovery—to prepare the sheeple to accept that the coming
implosion was caused by “necessary" acts of war.”
Chris always includes this in his signature file - so I will do the
same.
“If a nation expects to be ignorant and free, in a state of civilization
it expects what never was and never will be".
http://www.silver-coin-investor.com/
