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Help Crash JP Morgan. Buy 1oz of Silver!!!

They would just continue to buy and sell paper silver, even if there wasn't any silver to be had.
 
If you are going to spread this calling to folks who aren't tuned in to the issue, you had better do a really good job explaining why anyone would want to destroy one of the largest banks in the country and what the implications of that will be. I can see a lot of people looking at you at thinking, "This guy is mad. He wants to destroy our country."
 
Bern said:
If you are going to spread this calling to folks who aren't tuned in to the issue, you had better do a really good job explaining why anyone would want to destroy one of the largest banks in the country and what the implications of that will be. I can see a lot of people looking at you at thinking, "This guy is mad. He wants to destroy our country."
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I agree that most people may not warm up to this idea. On the other hand there are also a large number of people that are so pissed at bankers they want them all crashed and burned..........

At least the price has come down and those that do buy will get their hands on some silver cheaper maybe for the first time. I don't think it will work as this will only make a shortage on retail market and JP is doing its thing in futures. In the long run it may help drive prices but it will take time for that to work its way to COMEX IMO
 
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Bern said:
If you are going to spread this calling to folks who aren't tuned in to the issue, you had better do a really good job explaining why anyone would want to destroy one of the largest banks in the country and what the implications of that will be. I can see a lot of people looking at you at thinking, "This guy is mad. He wants to destroy our country."
Click to expand...

Write something up. I don't have the time to do it. People power!
 
http://www.economicvoice.com/max-ke...h-jp-morgan-buy-silver/50014046#axzz155e21yvd

Max Keiser tells the world to Crash JP Morgan, buy silver

November 12th, 2010
Author: Jeff Taylor

It is now reaching the general consciousness that it is those with the money that control our destinies. Where once many believed that our betters who order our lives reside in Westminster, the realization that those with the power are more likely to inhabit the City’s Gherkin building is dawning on us.

Some of those people are now heading the largest and arguably most successful institutions in the world, the banks. Everyone now wants to get in on the action of money shuffling. And as they do the more of a monster it becomes until every move some of them make shakes the markets. And then the temptation to use that might turns into corporate policy.

On the 27th October two traders, Brian Beatty and Peter Laskaris, filed lawsuits against both JP Morgan and HSBC accusing them of manipulating the price of silver by “amassing enormous short positions”. The lawsuits being brought at the US district Court, Southern District of New York, which are also seeking to gain a class action status, allege that “… between in or about March 2008 and continuing through the present, Defendants have combined, conspired and agreed to restrain trade in, fix, and manipulate prices of silver futures and options contracts traded in this District on the COMEX division of the NYMEX. Defendants thereby have violated Section 1 of the Sherman Act, 15 U.S.C ¶1. Also during the Class Period, individual Defendants have intentionally acted to manipulate prices of COMEX silver futures and options contracts. Such conduct violates Section 9(a) of the Commodity Exchange Act, 7 U.S.C. ¶13b.”

The following day the National Inflation Association (NIA) assessed that JP Morgan are so short on silver and that the silver market is so tight that “…. silver prices could literally rise to $50 per ounce overnight. NIA estimates that $50 per ounce silver would mean approximately $4 billion in losses to JP Morgan”.

Bart Chilton, a US Commodity Futures Trading Commission (CTFC) commissioner said “I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public, and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act (CEA) have taken place in silver markets and that any such violation of the law in this regard should be prosecuted.”

Max Keiser, (TV presenter, radio host, entrepreneur, broadcaster and journalist) who dubs JP Morgan as “the biggest financial terrorist on Wall St” and wants to give it a bloody nose, is calling on people to crash JP Morgan by buying silver so making its price go up leaving JP Morgan with a huge short position to cover.

Also stepping up to the mark (or maybe penalty spot) for a bit of bank bashing is the footballer Eric Cantona. He points out that it is a waste of time to wave placards, if you want to bash the banks just have a co-ordinated withdrawal of depositors money (well the first 5% that the bank actually has anyway). Then ” … they will listen to us in a different way” as the run forces them to the wall. There is a push in France to do just this on the 7th December (see video below).

Now, how about the double whammy? Take money out of the bank and buy silver! But just remember if you do, to buy physical silver and take delivery. The bits of paper that say you own silver are just that, bits of paper.

If you’ve got no money to withdraw and no money to buy silver then lend your support to Douglas Carswell MP who is campaigning to straighten the UK banking system out. At least then you can ensure that the money in the bank belongs to you and not the bank and that you can therefore dictate how they use it. Or maybe claim a free ounce of silver from BullionVault.
Click to expand...
 
Interesting. I wonder if that mention of a planned run on the banks in France on 12/7 is legit? Is it more than just some YouTuber?
 
I like the idea to buy an ounce and crash the bank.

Another way of setting something up like this is how many ounces need to be purchased, as in total million of ounces or whatever?

Some of us may pledge like the above poster to purchase 5, 10 or 100 ounces, who knows, then we don't need everybody... make sense?

Would be kind of encouraging I'd think to buy silver and know you are making a difference... could go viral who knows.
 
I still don't understand how that would bother JP Morgan, wouldn't they just continue to sell paper metals and do as they have been doing all along?
 
Michigan11 said:
I like the idea to buy an ounce and crash the bank.

Another way of setting something up like this is how many ounces need to be purchased, as in total million of ounces or whatever?

Some of us may pledge like the above poster to purchase 5, 10 or 100 ounces, who knows, then we don't need everybody... make sense?

Would be kind of encouraging I'd think to buy silver and know you are making a difference... could go viral who knows.
Click to expand...

I am just buying it because this was a pretty big dip. I usually buy 10 ounces every other week. I decided to buy a lot more this week cause its at a better price and will just not buy any for a few weeks.

The JP morgan thing is just icing on the cake, haha.
 
Mike4Freedom said:
I am just buying it because this was a pretty big dip. I usually buy 10 ounces every other week. I decided to buy a lot more this week cause its at a better price and will just not buy any for a few weeks.

The JP morgan thing is just icing on the cake, haha.
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+1

Just made my first bullion purchase today! Two 5 Oz. bars of silver. Bam!
 
Dr.3D said:
I still don't understand how that would bother JP Morgan, wouldn't they just continue to sell paper metals and do as they have been doing all along?
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JP Mprgan is short around 200 milion oz of silver by writing options on COMEX.

On the 23rd of Nov is expiration day and if the price stays high a lot of those options will be in the money, JP will have to pay up. Also some will demand to tale delivery. I don't see how this would do anything to JP as the spot price is set at COMEX by those bids on the options. It may make it hard to buy at your local coin dealer but none of it will come off the COMEX floor. The premiums on Silver over spot would or could rise from your local dealers.

APMEX hedges using COMEX options most likely written by JP........ If we all went and bought out all the stock from APMEX they would want more silver so they would want delivery on those contracts. Do not expect this to much to JP or COMEX IMO
 
Dr.3D said:
I still don't understand how that would bother JP Morgan, wouldn't they just continue to sell paper metals and do as they have been doing all along?
Click to expand...

I've only glanced over this thread but I think that is the sort of thing the people in this thread are banking on.

Every once in a while the people trading paper silver are backed into a position where a situation arises where they have to stand and deliver.

They have to get there hands on real assets to make good.
 
Dr.3D said:
I still don't understand how that would bother JP Morgan, wouldn't they just continue to sell paper metals and do as they have been doing all along?
Click to expand...

well smart people in foreign countries can bet against them and call their bluff and demand physical and they are screwed. c'mon Foreign banks!!

I can't wait to see these guys go down for the count.
 
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