• RSS Ludwig Von Mises Institute of Austrian Economics

    • An error has occurred; the feed is probably down. Try again later.
  • RSS Republican Liberty Caucus

    • An error has occurred; the feed is probably down. Try again later.
  • RSS Freedom Watch

    • An error has occurred; the feed is probably down. Try again later.
  • RSS Free Talk Live

    • FTL Digest 20171213
      Free Talk Live's Daily Digests feature highlights from our full-length seven-day-a-week live radio show, selected and edited by Riley Blake. Enjoying the digests? Please donate $5-10 per month to Riley via this link: https://www.patreon.com/crblake86 If you want to donate via bitcoin, you can do so at the following address: 1NytDNA14UcYsvzX5DHhzowGCqNou […]
    • Free Talk Live 2017-12-14
      Michigan State students find $21T in unauthorized spending :: DoD to conduct first ever departmentwide audit :: Reasons for high government spending :: Trump wants the federal government to use cloud-based services :: Government effenciency :: Ricky ordered pizza :: Ricky is now southern :: Trump wants to go to the moon :: Space travel :: Sarah says there wa […]
    • Free Talk Live 2017-12-13
      Bitcoin Power Consumption Fears :: Are average consumers ready for bitcoin? :: Two Factor Frustration :: Luddites :: Right to Eat :: Ricky and Right to Travel :: Resist the Empire Marathon :: Scary Digital Currency Regulations Proposed :: Bitcoin Investment and Altcoins :: Bitcoin Debit Cards :: HOSTS - Ian, Mark, Mike
  • RSS Break the Matrix

    • An error has occurred; the feed is probably down. Try again later.
  • RSS Schiff Radio

    • Yellen Proclaims It’s Different This Time – Ep. 309
      Expected Rate Hike Today the Federal Reserve did exactly what everybody expected them to do, they once again raised interest rates by just one quarter of one percent.  This is the third rate hike of the year; this is the fourth rate hike since Donald Trump was elected President and the fifth time the Fed […] The post Yellen Proclaims It’s Different This Time […]
    • CNBC Becomes Crypto News BitCoin – Ep. 308
      Bitcoin Week I’m going to devote today’s podcast to bitcoin; I might as well just talk about bitcoin because that’s all anybody else is talking about.  On CNBC that’s pretty much all they are talking about; they said it is “BitCoin Week”.  It sure sounds like it.  I think they should just rename the network: Crypto […] The post CNBC Becomes Crypto News BitCo […]
    • Trump Continues What He Once Called the Biggest Hoax in American Politics – Ep. 307
      A Nonfarm Payroll Beat Today the labor department released the November jobs report –  Nonfarm Payroll –  of course Wall Street always highly anticipates this number; all the politicians, Donald Trump was ready to tweet as soon as the data was released.  The expectation was for 190,000 jobs and we beat, with 228,000 jobs. An […] The post Trump Continues What […]
    • Fake Tax Reform
      By: Peter Schiff, President and CEO Euro Pacific Capital After supposedly chomping on the bit for years to pass meaningful tax reform, Republicans are now set to blow an historic opportunity. Whatever version of the Bill that emerges from the House and Senate Conference Committee (which will be signed by President Trump faster than he can […] The post Fake T […]
    • Another Trump Flip Flop – Ep. 306
      Trade Deficit Moving Higher as Economy Slows Down Yesterday we got the release of the October monthly Trade Deficit and we got a trade deficit of $48.7 billion dollars.  That was a little bit North of the $47.4 billion expected in the consensus forecast.  In fact, the prior month, which was $43.5 billion was revised upwards to […] The post Another Trump Flip […]

The viral “Crash JP Morgan buy silver” campaign

1911 cartoon shows Uncle Sam and J.P. Morgan rowing a boat. Morgan's enormous size reflects his stature and the power of his banking operations over the country.

Let me start off by saying that JP Morgan is probably one of the most hated institutions by the freedom movement because of their cozy relationship with the Federal Reserve and our government.  This kind of soft fascism, or crony capitalism, has allowed JP Morgan to be the recipient of many favors from Washington such as with bailouts, easy money from the Fed, and special regulations to drive out their competitors.  It’s had their fingers in our nation’s business for more than 100 years, causing much mischief and economic calamity.  In fact, Mr. JP Morgan was one of several financial leaders who influenced Woodrow Wilson and Congress to adopt a charter for our national’s third central bank, the Federal Reserve, in 1913.  Ever since then his company has been one of the main shareholders of the Fed, thus reaping obscene profits (it turns out that it pays really well to print out money and loan it to the government with interest).  This definitely marked a turning point in our nation’s history, and started a long road that will eventually lead our national to financial ruin due to monetary debasement.

But some people who are against JP Morgan have devised an ingenious campaign to bankrupt the megalithic bank.  It turns out that JP Morgan has been responsible for manipulating silver prices by selling tons of silver contracts for silver they don’t own in order to artificially drive down the price of silver.  These “naked silver shorts” account for billions of dollars on their balance sheet and some say it’s equivalent to counterfeiting (selling something you don’t actually own).  However, with the help of GATA (the Wikileaks of the precious metals market) who helped expose this silver market manipulation, many of these silver shorts from JP Morgan were exposed.  Thus, sometime last year a viral internet campaign began to encourage as many people as possible to buy silver.  It claims that if at least every person in the US buys a 1 oz silver coin, this would force JP Morgan to have to cover their contracts by buying silver on the open market, pushing up the price of silver and utterly bankrupting the bank.  Here’s a short video about it from Max Keiser, one of the leaders of the campaign.

Advertisements

3 Responses

  1. […] Prepare for very high inflation and possibly hyperinflation – For now it looks like our country is on a course to financial ruin due to inflation and an unserviceable debt.  This has been worrying me now for over two years and I’ve been trying my best to prepare for it.  My goal this year is to continue investing in gold and silver, stockpiling some nonperishable food, expanding my garden, and to buy more firearms and ammo.  When the shit hits the fan, I want ensure my family’s assets are protected and that we are in much better shape than those who didn’t heed the warnings.  For more information about this issue you can read my blog on protecting your assets against inflation and also consider this blog on how investing in silver could possibly bankrupt JP Morgan. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: