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Posted on 12/03/2010 7:40:59 PM PST by Frantzie
The Xtranormal bubble is now bigger than even Netflix. And all who have been waiting to understand the JP Morgue silver manipulation scheme explained by cartoon bears, here it is. Also, The Ben Bernank makes a cameo appearance. We recommend having some blood in your alcoholstream before watching this.
(Excerpt) Read more at zerohedge.com ...
Can’t watch the vid on my BB. Is it being manipulated up or down? (My hunch is down.)
The story is Benrake is lending JP Morgan to short silver to keep the value down and prop up the dollar. Everybody in on to it now including Asia.
JPM is short more silver contracts then there is physical silver in existence. the one character asks “should I buy the Silver ETF (SLV).” The other says no because JPM is the custodian.
So the point is JPM could be destroyed, silver will skyrocket, paper currencies could be wiped out. Very ugly stuff.
Good followup on the earlier Youtube videos on how to crash JP Morgan. They’ve made a lot of money on this fraud over the years, but I think they’re about to pay the price.
Unless, of course, Obama bails them out.
I can’t get past the introductory paragraph. Who wrote this?
How does Morgan Staley sell naked silver short? Who’s the buyers? And why are they buying naked silver? Don’t they know naked means theres nothing there
ROFL! I don’t take these “Bernank” homemade cartoon things seriously, but I find them *extremely* amusing for some reason.
And, hey, who wouldn’t like to see The JP Morgue and the Goldman Sack do a faceplant?
Pretty dang funny at the end.
If you are an institution, you can naked short just about anything. Should be illegal IMHO. Isn’t.
You state paper currencies could be wiped out. What happens to my mortgage which is denominated in paper currency?
Didn’t the Hunt brothers get indicted for trying to manipulate silver?
I don’t imagine the corrupt scumbag Eric Holder has any intention of investigating this scheme.
JP Morgan (chase) not Morgan Stanley. When Glass Stegall law was enacted after the 1929 crash - JP Morgan Bank was split into Morgan Stanley (securities) and JP Morgan Bank (banking). Secs and banking were separated. Glass Stegall was undone during Clinton. Creating that steaming pile Citicorp which lost $380 billion! Ditto Merrill, JP Morgna and Morgan Stanley. They all got to be integrated financial svcs companies.
Naked generally means they are shorting silver they do not own. The Ben Benank is loaning them money. In options you will have buyers who will take the other side of the position. The JP Morgue has to pay the other side interest to borrow their silver to short it.
I laugh at the names - Goldman Sack, The Ben Bernank and JP Morgue.
This is going to be very ugly.
Two different motives as far as I know. The hunt brothers just wanted to get richer. JP Morgan (Chase as is bans Christmas trees like Wachovia) is doing The Ben Bernank’s dirty work in trying to prop up the dollar.
Just as an FYI - I am not pimping for silver or gold. This little video is humorous but the info is as far as I know totally factual. JPM is being sued by people for manipulation. Please note the makers of the video are selling silver and other precious metals.
Do not put all your eggs in one basket but pay attention to what is going on. This was more of a heads up for everyone.
As far as I know they are short a HUGE amount and there is not enough physical silver. Maybe this can go on a lot longer because we “citizens” have no standing in any court anymore including SCOTUS. So The JP Morgue and The Ben Benank can keep this apparent scam going for a while.
And let’s not forget that about a year ago a large chunk of bailout went to JPM who got caught naked shorting gold and someone demanded delivery.
They got caught with their pants down, but of course they are too big to fail and bought the right politicians so they got bailed out.
They’re dealing futures, so no one expects a demand for delivery.
If there is no call to delivery of physical, it is all contracts.
If someone demands delivery (as happened to JPM with gold about a year ago), the pyramid scheme crumbles. Luckily for JPM, they got bailed out by our central bank (the Fed).
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