Where has Sonny DeAngelis Been Lately?

If you’ve been around the office you would have noticed that Sonny has been in and out a whole lot.  Sonny is the kind of guy that doesn’t like to talk about what he is doing until he actually does it.

Sonny has actually been helping launch his new project to help local business owners..for free.  No gimics, no products just genuine help.  We will be posting a few more videos as well as testimonies from a few of the companies we have been working with.

So to answer everyone question, where is Sonny DeAngelis?  He is hard at work.

Check back often to see the progress of this project.

SonnyDeangelis.net

Ryan Seacrest Aims To Take His Career To the Next Level.

Image by andy castro via Flickr

by James Hibberd & Kim Masters | October 7, 2010 at 3:09 pm

Exclu: Reality producer, radio personality and “American Idol” host Ryan Seacrest is in early talks with talent agency CAA and entertainment company AEG about jointly launching a new cable network.

The business venture is in very preliminary stages, but the network’s concept is described as music, pop culture and lifestyle oriented. Seacrest is likely to have some kind of on-air presence in the venture. Unlike Oprah Winfrey‘s upcoming OWN cable channel, however, Seacrest is expected to operate mainly as an influential partner rather than serve as the face and personality of the network. The channel won’t be “Seacrest TV,” but will have its own brand.

The network would pull programming from AEG’s worldwide concert and live venue assets (such as the Staples Center, L.A. Live and The 02 in London), and leverage Seacrest’s entertainment industry relationships and insight as a reality producer.

Sources stress that Seacrest’s work on E! will continue and that the new channel will not be programmed as a competitor to E! — where Seacrest executive produces and co-anchors “E! News,” as well as produces the network’s top-rated series, “Keeping Up With the Kardashians.”

Moreover, Seacrest is said to have a strong relationship with Comcast Entertainment Group president and CEO Ted Harbert. Sources say Harbert will assume a larger role in the company following the planned Comcast merger with NBC Universal.

The first hurdle for the network will be to secure cable and/or satellite distribution. Parties are in talks with various companies. One big question has been whether Comcast will carry the network. As of right now Comcast is not involved in the venture and has no plans to carry it.

Even without carrying the Seacrest/CAA/AEG channel, Comcast chiefs in Philadelphia are said to be “very supportive” of Seacrest and searching for ways to give him new opportunities after the company’s NBC Universal merger.

Launching a cable network in 2010 is no easy task. A cable land rush in the 1990s and early 2000s had companies launching networks left and right. That dried up after the arrival of bandwidth-hogging high-definition content, which cramped the ability of cable operators to distribute new channels. At the same time, the proliferation of so many niche content choices began to offer programmers diminishing profit margins. Most new cable brands nowadays are rebranded from underperforming networks — like how Discovery Health is converting to Winfrey’s OWN.

Seacrest and his partners’ most likely path to distribution would be to convince one of the cable channel-owning power players (like MTV Networks or Discovery Communications) to let them rebrand a struggling channel that already has a fair amount of distribution.

Seacrest has demonstrated skill as a producer through his company, Ryan Seacrest Productions, with titles ranging from “Kardashians” to the Emmy-winning “Jamie Oliver’s Food Revolution.”

Yet for many in the industry, Seacrest launching a cable network would nonetheless seem like a great leap. Keep in mind, however, Seacrest’s career has been characterized by surprising bursts of growth over a relatively short period of time — from hosting “American Idol,” to taking over “American Top 40” as a radio personality to “E! News” producer and co-anchor, to an active reality producer.

If anything, a few years passing without Seacrest making some headline-making expansion is would be more unusual.

Chimp Charlie dies at 52 despite smoking habit

6 October 2010 Last updated at 07:27 ET 

Footage filmed in April 2001 shows Charlie smoking a cigarette

A chimpanzee famous for smoking cigarettes has died at a South African zoo, aged 52.

Charlie the chimp started smoking when some visitors to Mangaung zoo, in Bloemfontein, threw him lit cigarettes.

Zoo spokesman Qondile Khedama said Charlie had become an institution, entertaining thousands of visitors every year with his antics.

An autopsy is being conducted to determine the cause of death.

For years, zookeepers had been trying to get the chimp to kick the habit, and they discouraged visitors from giving him cigarettes.

Continue reading the main story 

“Start Quote

We realise it will be almost impossible to replace a character like Charlie”

End Quote Qondile Khedama Spokesman, Mangaung Zoo

But Mr Khedama said he did not believe the addiction had ended Charlie’s life prematurely, as he had lived around 10 years longer than the average chimp.

“He was on serious medications and in and out of the vet,” he said.

“Even though he has been receiving special care, and a special diet including protein shakes, vitamin and mineral supplements, he succumbed to old age.”

Charlie is not the only chimp to have picked up human bad habits.

In February, it was reported a Russian chimpanzee was being sent to rehab after he started pestering visitors for alcohol and cigarettes.

Mr Khedama said the zoo hopes to find a new companion for its female chimp, Judy.

But he said: “We realise it will be almost impossible to replace a character like Charlie.”

Via BBC News

California Governor Signs Marijuana Decriminalization Bill

by Phillip Smith, October 01, 2010, 03:25am

California Gov. Arnold Schwarzenegger (R) Thursday signed into law a bill that decriminalizes the possession of up to one ounce of marijuana. The bill reduces simple possession from a misdemeanor to an infraction.

Currently, small-time pot possession is “semi-decriminalized” in California. There is no possible jail sentence and a maximum $100 fine. But because possession is a misdemeanor, people caught with pot are “arrested,” even if that means only they are served a notice to appear, and they must appear before a court.

That has happened to more than a half million Californians in the last decade, and more than 60,000 last year alone. Every one of them required a court appearance, complete with judge and prosecutor. That costs the cash-strapped state money it desperately needs.

Under the bill signed today, SB 1449, by Sen. Mark Leno (D-San Francisco), pot possession will be treated like a traffic ticket. The fine will remain at $100, and there will be no arrest record.

In a signing statement, Schwarzenegger said he opposed decriminalization for personal use—and threw in a gratuitous jab at Proposition 19, the tax and regulate marijuana legalization initiative—but that the state couldn’t afford the status quo.

“I am signing this measure because possession of less than an ounce of marijuana is an infraction in everything but name,” said Schwarzenegger. “The only difference is that because it is a misdemeanor, a criminal defendant is entitled to a jury trial and a defense attorney. In this time of drastic budget cuts, prosecutors, defense attorneys, law enforcement, and the courts cannot afford to expend limited resources prosecuting a crime that carries the same punishment as a traffic ticket.”

“Gov. Schwarzenegger deserves credit for sparing the state’s taxpayers the cost of prosecuting minor pot offenders,” said California NORML director Dale Gieringer. “Californians increasingly recognize that the war on marijuana is a waste of law enforcement resources.”

The law goes into effect January 1. Even if Prop 19 passes in November, it leaves in place misdemeanor charges for smoking in public or in the presence of minors. Those misdemeanors would become infractions under the new law.

Sacramento, CA

United States

See map: Google Maps

Historically Gold has room to grow. Silver is on its way to $50 an ounce.

by Sean Brodrick on October 1, 2010

I just returned from the Cambridge House Investment Conference in Toronto. I’ve rarely seen a group of analysts, miners and experts so bullish on gold and silver. My takeaway: We may be poised for a pullback in the very short term, but precious metals are headed much higher.

And that means we’re coming up on a great time to launch my newest report, “$50 Silver and $2,500 Gold.”

I only talked to two bearish analysts. In case they’re wrong … and I think they’re terribly wrong … I’ll not name names. But the bear case basically boils down to …

• Gold is overbought. Gold enjoyed a great run, but is lofty at these prices.
• The U.S. dollar is poised to rally. And since gold is priced in dollars, as the dollar goes up, gold should go down.
• The gold market is saturated. Gold fever is peaked, and now we’ll come to buyers’ regret and selling by investors.

They’re entitled to their opinions. I just think the bearish opinions are a steaming load of bull. Here’s why …

#1) Gold is still cheap. Gold recently hit $1,310. That seems high. But adjusted for inflation, gold’s old high is $2,450, according to data from the Bureau of Labor Statistics and the World Gold Council.

That means gold is just a little over halfway to its inflation-adjusted high. While gold may look overbought technically, it can keep running if investors and traders view it as cheap. And they do!

#2) The U.S. dollar is not rallying, it’s crumbling. The once mighty greenback broke crucial support on a weekly basis, and the U.S. dollar index could be heading back to the 72 level — a level last seen during the global financial crisis.

That’s a huge potential move in the U.S. dollar index. What are the fundamentals behind it? Well, Ben Bernanke and the Federal Reserve basically said they’d follow an easy money policy as long as they had to in order to boost the economy. And if that doesn’t work, they said they’ll try more quantitative easing.

The more money you print, the less value it has. Since hard assets — commodities — are priced in dollars, and since you can’t print an infinite supply of commodities, as the dollar goes down, hard assets tend to go higher.

#3) The gold market is not saturated. 50 million new consumers a year are joining the middle class in China, a country which has a strong cultural attachment to gold. And China is just now starting to ease restrictions on gold imports. The shortfall between mine supply and demand in China last year was 144 metric tonnes — a gap that will likely be filled by imports, sucking more supply off the global market.

All This and Silver Too!

I’m even more bullish on silver than I am on gold. I think that silver is headed over $31 an ounce in the intermediate term. Over the longer-term, I expect silver to head back to its old, unadjusted high near $50 an ounce.

Forces driving silver include soaring investment demand, industrial demand as the economies of the emerging markets kick into higher gear, and limited supply. After all, more than half of silver production comes as a byproduct of other metals. So, silver production isn’t really moved by silver demand. But silver prices can move with demand — and maybe higher and higher than many people think possible.

The way this market is moving — pushed along by competitive currency devaluation by the governments of the world and fearful consumers eager to swap their paper currencies for hard assets — the new highs could come sooner rather than later.

So, will we get a pullback in gold and silver? I certainly hope so — it would allow my subscribers to buy it cheaper. But here’s one thing my trip to Toronto taught me — there is a huge army of analysts, experts and investors ready to pounce on gold, silver and mining stocks if and when prices pull back. And it’s very likely that the buying demand from this golden horde could push gold and silver very high, very quickly during the next rally.

How You Can Play This Move

Pick #1) One of the smartest ways to play gold and silver is to buy the metals physically. Determine how much you want to spend on this investment over the course of a year and split up your money to make monthly purchases. You might be buying less each month, but you’ll also welcome pullbacks, because they will allow you to buy more metal.

Pick #2) The easiest way to buy gold and silver is through the big ETFs, the SPDR gold Trust Shares (GLD) and iShares Silver Trust (SLV). Every time I go to a conference like Toronto, I hear dire warnings that these funds do not own the precious metals they claim they own. Maybe so, but they haven’t imploded yet. And they still remain easy ways for individuals to play the market.

For long-term investment, however, I recommend physically buying gold and silver over buying ETFs.

Pick #3) Even better — gold and silver miners leveraged to the underlying metal. If it costs a miner $500 to pull an ounce of gold out of the ground, and gold costs $950, the miner has a profit margin of $450 per ounce. If the costs go up to $550, and the cost of gold goes up to $1,300, the miner’s profit margin per ounce increases to $750. That means its profit margin increases 66% even though the price of gold increases “only” 36%.

We’ve seen this across the mining sector in the past year. Costs have gone up, but the price of gold has gone up even faster. The effect is even more pronounced in silver, which has outperformed gold in 2010.

So what does this tell us? Select mining shares are an even better investment than gold and silver.

You have to be careful. You can’t buy just any miner, because there are some real woofers out there.

It’s Time for a New Report to Ride the Next Leg Up in Gold and Silver

That’s why I’ve written my new report, “$50 Silver and $2,500 Gold.” I’m going to fire it off to subscribers on October 8th.

In “$50 Silver and $2,500 Gold,” I give you my 10 hottest picks in precious metals to ride the next leg of the big bull market.

There are risks in buying gold and silver stocks, as there are risks in just about any investment. But gold is in a huge bull market. Silver is even stronger than gold! And in my special report, I’m also giving you my favorite pick in a “secret, super-metal” that has the potential to outperform both silver and gold!

This special report would be a bargain at its regular price of $295. Heck, subscribers to my last “New Gold Rush” report bagged more than that on just the one position they closed, and they have much bigger open gains — recently showing more than 18% after only three months. The “New Gold Rush” picks are leaving gold in the dust and running rings around the lackluster S&P 500.

Imagine how they’ll do by the end of the year … imagine what you can do with this NEW report.

Sure, past gains are no indication of future performance. But here’s the best part — I’m going to offer my special gold report to YOU for a limited time at a special pre-publication price of $195 — a huge discount!

Do Not Miss This Golden Opportunity

Sign up now, and as soon as the report’s published, I’ll send it to you directly by email.

These will be my best picks … the hottest stocks … the power-packed funds. These are the picks that can potentially make you a fortune as silver and gold blast off.

PLUS — I don’t want to give you a bunch of recommendations and leave you hanging in the dust. So I’ll throw in three follow-ups absolutely free, with your purchase of the report. In those follow-ups, I’ll update you on the latest news in silver and gold, tell you if you should add to positions, and most importantly, tell you when to sell!

Don’t miss out on this opportunity. Order your copy of “$50 Silver and $2,500 Gold” today.

Yours for trading profits,

Sean

Silver as an Economic Solution.

Idaho State Representative Phil Hart authored the Idaho State Silver Gem Act earlier this year which allows for the Idaho State Treasurer to issue silver medallions and make them available to the public; people may use them for any purpose they want and will have the option of paying their State taxes with the silver.  The benefits of the Silver Gem Act are:

• Silver can be used as an alternative currency, outside of the banking system

• Jobs will be created in the metal refining industry in Idaho

• Silver- and gold- are a protection against inflation for both the public and Idaho State

The Idaho Silver Gem Act serves as a model that other states and local governments can use.  If the bill passes, people can use silver with confidence because the government of Idaho will accept it, too.   The Idaho Silver gem Act will also help to prevent possible federal precious metal confiscation.

According to G. Edward Griffin, America‘s monetary system is based on fiat money, it has no intrinsic value and it is not asset- backed.   Federal Reserve notes have value because of government regulations (the Legal Tender laws) that mandate their use under the threat of fine or imprisonment.  The Legal Tender laws require people and businesses to accept Federal Reserve notes for payment, if Federal Reserve notes are offered as payment.  However, people, businesses and even governments can also accept payment in the form of gold, silver or any other thing of value- they are not tied to accepting only Federal Reserve notes.

Mr. Griffin said that the bankers DO NOT own most of the gold- most of the gold is still in the ground!  And even if the bankers did own all of the gold, but the monetary system was based on gold, such a commodity backed money system would prohibit the bankers from using fractional reserves to make loans and collecting interest on money created from nothing, thus limiting their primary stream of income.

Representative Hart’s Idaho Silver Gem Act, fully endorsed by G. Edward Griffin, is a first small step toward a competing currency.  Instead of creating sweeping banking reforms Hart’s legislation is practical, incremental and it can be put into place immediately.  For example, Georgia had a bill that would have made it mandatory for silver and gold to be used in all State business.  Georgia’s bill failed because the implementation of the bill would have been monumental- imagine the difficulty of all businesses and entities trading with Georgia State’s government having to convert all payments into precious metals.

Representative Phil Hart’s Silver Gem Act passed the Idaho House vote (51 to 14) but it died in a Senate committee earlier this year.   Two of the senators who were outspoken critics of the legislation were defeated in the 2010 primary election, improving the bill’s chances for next year.  The Silver Gem Act is the only competing currency bill to get this far and Phil Hart will re-introduce it again next year if he is re-elected.

Click here to read the Idaho Silver Gem Act

Representative Phil Hart

European Central Banks Halt Gold Sales – CNBC

Image via Wikipedia

The central banks of the euro zone plus Sweden and Switzerland are bound by the Central Bank Gold Agreement, which caps their collective sales.

In the CBGA’s year to September, which expired on Sunday, the signatories sold 6.2 tons, down 96 per cent, according to provisional data.

The sales are the lowest since the agreement was signed in 1999 and well below the peak of 497 tons in 2004-05.

The shift away from gold selling comes as European central banks reassess gold amid the financial crisis and Europe’s sovereign debt crisis.

In the 1990s and 2000s, central banks swapped their non- yielding bullion for sovereign debt, which gives a steady annual return. But now, central banks and investors are seeking the security of gold.

The lack of heavy selling is important for gold prices [XAU=X 1296.15 0.55 (+0.04%) ] both because a significant source of supply has been withdrawn from the market, and because it has given psychological support to the gold price. On Friday, bullion hit a record of $1,300 an ounce.

“Clearly now it’s a different world; the mentality is completely different,” said Jonathan Spall, director of precious metals sales at Barclays Capital.

European central banks are unlikely to sell much more gold in the new CBGA year, according to a survey by the Financial Times.

Although many central banks declined to detail their sales plans, the responses of some, along with numerous interviews with bankers and consultants, suggest it is unlikely there will be a return to the trend of the past decade, when CBGA signatories sold on average 388 tons a year.

The central banks of Sweden, Slovakia, Ireland and Slovenia said they had no plans to sell, while Switzerland reiterated a previous statement to the same effect.

The CBGA was first signed after gold miners protested that central banks’ rush to sell was depressing prices.

In previous years signatories haggled for individual allowances to sell under the CBGA, but the most recent renewal of the agreement in 2009 contained no such quotas, according to Darko Bohnec, vice governor of Slovenia’s central bank.

Copyright 2010 The Financial Times Limited

Sonny DeAngelis and the Stripper Fund for the poor.

Image via Wikipedia

The other day I was fortunate enough to hang out with Sonny DeAngelis.  We started our night at Hard Rock Casino and worked our way to one of the more popular strip clubs.  As we were approaching the Strip Club doorman, Sonny suddenly said, “Let’s get outta here”.  I was pretty surprised since I had my heart set on hanging out at the club.

When we got in our car and started driving away, Sonny says, “Let’s look for some poor folks”.  I thought he was kidding but it turned out he was not.  When we pulled up to a gas station we found a family that was down and out of money.  Their car was busted and their pockets were empty.  The kid looked hot, grumpy and hungry and the parents looked like a mess.

Sonny took his famous roll of money, with his cigar in the other hand, and started stripping off hundred dollar bills to give to the family.  Sonny told the husband “You better not go running into the casino with this money!”  The husband said, “We are a christian family and we do not gamble”.

I’m not sure how much money Sonny gave that family but I will say that the wife looked like she was about to faint when the husband showed her the stack of money Sonny gave to them.

We can never control what people do with the money we give them, but we can do our part by looking for people that are sincerely in need of help.  I may not have as much money as Sonny DeAngelis but I did buy a family groceries today.

The next time you think about going to a strip club or even spending some cash on your “indulgences”, give a thought to using that money to help someone in need.  If more people were like this our problems would be solved.

15% Unemployement In Nevada…Something has to be done.

What are we going to do with all the poor folks and the poor-folks-to-be’s?  What would you do if you couldn’t feed your kids?  Are you going to let your kids go hungry?  Poor folks are going to be forced to feed off the rich if something isn’t done soon.  Any of us can become poor over night…especially in Vegas.

The main question to ask yourself is, “what would I want if I was spiritually broken and laying on the side of the road.  I would want someone to pick me up, dust me off and get me back in the game.  We all would want that, EVERYONE!

This blog posting feels like such a waste of time, since there are people who need a physical hand right this moment. As a matter of fact, I Sonny DeAngelis and all of my Management Team Members, Tech, Financial and Administrative are going to do this right away.  Starting this coming Monday 9/27/2010, I am going to sponsor a company.  I’m not expecting anything in return other than paying it forward to the next business.

All I need to know is the answer to the following question, “What does your company need to create a job?”  Once I got a good feel of what a company needs to stay alive, I will let Team Sonny DeAngelis get to work.

Enough talking.  Watch how the Veterans do it. GET TO WORK!

Silver’s History of Suppression

Image via Wikipedia

By Jeff Nielson of Bullion Bulls Canada

Sophisticated precious metals investors are well-aware of the rampant manipulation of the gold and silver markets. They are also generally aware of the reason for such manipulation. A rapid rise in the price of gold and silver is like an economic “warning siren” — alerting savers that their wealth (i.e. the purchasing power of their currency) is being rapidly eroded by the monetary depravity of bankers.

At the same time that the bankers were trying to prop up the U.S. dollar while on the gold standard, these same bankers (and their allies in government) were making their first efforts to defuse a “silver supply crisis” — caused by pricing silver at only a fraction of its true worth. In the 1960’s, the U.S. government had kept the price of silver frozen at $1.29/oz. However, whenever an asset is under-priced, there will always be a group of investors who will identify such an under-priced asset — and then accumulate it. Thus, the U.S. and other governments were rapidly squandering their entire stockpiles of silver, as they had to dump ever-increasing amounts onto the market to maintain the artificially low price.

Ultimately, the bankers capitulated, and the U.S. government ceased its efforts to keep the price of silver frozen at $1.29. However, as is usually the case with any illegitimate scheme, every time the schemers take action to deal with one flaw in their plans, that produces unintended (and undesirable) consequences — which then require further acts of manipulation.

Once the price of silver was allowed to rise, very quickly the actual value of the silver contained in our small denomination coins (primarily the 10-cent and 25-cent pieces) greatly exceeded their face-value as legal tender. This created a huge incentive to melt-down these coins and make a very profitable arbitrage trade of “buying” these coins at their face value, and then selling them for their metal content.

The U.S. government responded in two ways (and was quickly copied by the Canadian government). First, it changed the composition of all newly issued coins — removing all their silver content. U.S. dimes had 90% silver-content up until 1964, while Canadian dimes contained just over 80% silver. Meanwhile, the U.S.’s 1965 Coinage Act made it a crime to melt-down any legal tender coins (in order to profit on their metal-content), and a duplicate measure was passed in Canada. Consider the true dynamics of this measure.

First the bankers abolish the gold standard, to allow them to rapidly accelerate the speed at which they steal from us through currency-dilution. This, in turn, requires them to (illegally) manipulate the gold and silver markets — in order to hide the true value of these metals from being expressed in the bankers’ diluted paper. The government then makes it a “crime” for its own citizens to make a profit on their own money. In the bankers’ scam of money-dilution, only the bankers are allowed to profit on their crimes.

It was at this point in history that the bankers were able to largely forget about manipulating the silver market (for many years), and to focus their energies on gold-manipulation — because basic market fundamentals created conditions that depressed the price of silver, with only minimal “assistance” from the bankers (and their servants in government).

Clearly the price of silver has been driven in recent decades mostly by its industrial demand. And it is this industrial demand which (with a little help from the bankers) kept the price of silver well below its true value for more than thirty years (until early in this decade).

This leads us to a fundamental “truth” in the precious metals sector: investment demand (i.e. “speculative” demand) does not stimulate mine production (except in a very belated manner — only after inventories have been exhausted), while industrial demand does stimulate higher levels of mine production, because the bankers will finance new mine-production based upon that level of industrial use. As an aside, it was because gold is not used to a great degree “industrially” that the bankers had to “persuade” the world’s largest gold miners to enter into vast “hedging agreements” — which simulated the same market conditions for gold: maximizing production at the lowest, possible price.

In a true “equilibrium”, this industrial production and demand would not cause silver to trade at a price well below its fair-market (equilibrium) value. However, the bankers ensured that the silver market could never reach such an equilibrium by continuing to dump their waning stockpiles of silver onto the market.

As I have pointed out on many occasions, between 1990 and 2005, official silver inventories plummeted by approximately 90%. It is simple economics that any good which is grossly under-priced will be grossly over-consumed. Faced with the abrupt end to their silver-manipulation (which would make it much more difficult to continue to manipulate the gold market), the bankers fell back upon their oldest and most-favorite swindle: they sold paper to people, and pretended that the paper represented actual silver — and thus SLV(SLV) was born.

This is such an obvious sham that I simply lack the space to go until all of the clearly fraudulent implications of this fund, so I will restrict myself to just a couple of facets. From 2005 to the end of 2008, after silver inventories plummeted by 90% in just 15 years (due to being grossly under-priced), we are supposed to believe that inventories suddenly ‘made a U-turn’ — and tripled over the course of just four years.

Regular readers will be familiar with the following chart, which shows the progression of “official” silver inventories — along with the small caveat attached to the graph. These official inventories include every ounce of ETF-silver, and SLV (by far the largest silver-ETF) was created at the beginning of 2006. As of the beginning of 2009, ETF-holdings represented roughly 2/3 of total “official inventories”.

Anyone with even a slight understanding of markets should recognize the obvious sham here. An “inventory” is the amount of a particular good warehoused and ready-for-sale. Conversely, the units of SLV (and all other bullion-ETF’s) represent privately-owned silver which has obviously been taken off the market. As a matter of elementary logic, it is impossible for even one ounce of silver to be both an “inventory” and an “ETF“. It can be one (silver-for-sale) or the other (privately-owned) but not both. Thus, at the end of 2008, two-thirds of official, global inventories of silver were nothing but an obvious paper-sham.

Making this massive fraud potentially much more egregious, the supposed “custodian” for most of this silver is JPMorgan, which holds the world’s largest “short” position in silver, the most-concentrated position in the history of commodities markets. In what is obviously not a “coincidence” the total size of the global short position has stayed roughly equal to the (supposed) total holdings of “bullion-ETF’s.” However, those massive short positions are never audited, meaning that JPMorgan (and the other bullion-banks) have never been able to show they have more than half the silver necessary to cover both their short-positions and “custodian agreements” with the ETF’s.

What this directly implies is that as of 2009, as much as 2/3 of total global inventories of “silver” was literally nothing but banker-paper — and we can only assume that their massive fraud has expanded in the time that has since elapsed. While industrial demand for silver helped the banksters in their nefarious (and illegal) schemes for many years, it is now industrial demand which is certain to destroy the bullion-banks.

While a gold investor might be…continue reading.