Bacq2Bacq: Ben (and Xty's!) blog
An eclectic holistic selection
I was honoured in having Canadian MoneySaver publish some of my thoughts on money in their October 2012 edition. They were also good enough to provide me a PDF of the article:
OCT12_MoneyandCurrency_Bacque Continue reading “Canadian MoneySaver Article”
I have written about money and perhaps even a bit about precious metals manipulation here before (check in the “economics” section), but I just saw something worthy of note, I think, as I also saw it yesterday, but was unable to capture the evidence.
Today, I caught it before it disappeared. First, whether you already believe it or not, in the spirit of any good audience, please willingly suspend disbelief, and humour me in my thinking that the precious metals markets are so heavily unbalanced and manipulated that it is almost silly to still keep calling them “markets” at all. It is more like a show being put on to keep the unsuspecting entertained, but more importantly, afraid of buying real metal. Some people might have the secret-decoder 3-D glasses, though, and I will here try to share my dim spectacles with you.
Below is a screen-shot of a TD “Active Trader” streaming quote and trading platform, and in the top right is a 1-minute (per “candlestick”) chart of the SLV ETF taken this morning, February 2 2011. Focus on the “inverted hammer” with the giant white “shadow” poking up to $27.82 that occurs at about 12:32 pm, at the very right of the chart, which occurred during a single minute with a share volume of over 220 thousand shares traded. It means that at least one of those shares traded hands at $27.82, or about a 30-cent premium over the current “market price” (click to enlarge).
Having seen that cute animation about “the quantitative easing”, I just had to give it a shot. So I went to XtraNormal.com, signed up, and the content grew out of the limited selection of settings and characters I could use for free, and it morphed into a Max Keiser video. I think Max Keiser’s idea to crash JP Morgan by buying silver is hilarious, and I am in. Everyone, give someone a silver coin for Christmas! If it is to hell in a handbasket we go, we might as well have some fun along the way. Over to Queenie and Tex…
The scary thing, of course, despite my trying to make fun of it all, is that it is all true. The west is imploding, the east won’t, can’t and should feel no obligation to save us, and it sure feels to me that the end of at least some stuff is nigh, despite myriad failed similar prophecies. Step one is to stabilize money. So put some physical precious metal (ie real money) under the mattress! Our central banks are having a fire sale, and it would be a shame if it was in their vault instead of your basement when the implosion occurs.
Max Keiser offers up a very different world view than you’ll get on any of the major media. So does Alex Jones at InfoWars (!). The combination has recently proven explosive. A quick googling just now for the exact phrase “crash jp morgan buy silver” produced 266,000 hits. The variant “buy silver crash jp morgan” returns just 3930 [ed: Nov 24 google hit update – 330,000/20,400]. Try it when you read this to see if the numbers are growing or shrinking. This video should explain what is happening. Basically, a new viral mechanism has just been spawned on the ‘net. Watch the videos (even if you think Alex Jones is a kook), then I will follow up by explaining why this is happening, and what it means. Shorting JP Morgan might be a good idea around now…
Continue reading “Crash JP Morgan, buy silver: The first google-bombing”