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Jim Myrtle

Jim Myrtle
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  • Is China Behind the Big Silver Short? [View article]
    "now that's just willfully ignorant"

    You don't think we elect Congress every 2 years and the President every 4?

    "I seem to remember millions of people calling their senators to prevent the bailouts to no avail"

    So? We don't have a direct democracy.

    "but like I said, willfully ignorant, you don't want to know..."

    What do you imagine it is that I don't want to know?
    Dec 29, 2010. 09:26 AM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    Yes, I'm aware that people do stupid things like carry a balance at 29%.
    Or vote for Obama.
    Dec 29, 2010. 09:23 AM | 1 Like Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    I haven't carried a CC balance for at least 10 years.
    Dec 29, 2010. 12:16 AM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    Who loans money at 0.5% to borrow at 29%?
    Sounds like an Obama voter.
    Dec 28, 2010. 11:13 PM | 1 Like Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "Who issues the credit that causes inflation?"

    Who borrows the money that causes inflation?

    "Who holds the title to the assets in case of default?"

    Who is losing money from too many defaults?

    "Who withdraws credit that causes deflation and loan defaults?"

    Who defaulted on their loans causing deflation?

    "Who then owns and controls the assets that have been defaulted on?"

    Who doesn't want to own a bunch of real estate that's been defaulted on?

    " Does that sufficiently explain it for you?"

    Not really, but thanks for making me laugh.

    "Also, the Federal Reserve IS a privately owned bank with private stockholders"

    Why do they give their profits to the Treasury?

    "Can you prove that banks don't cause inflation and deflation?

    Since I never claimed that, why would I?
    Dec 28, 2010. 08:08 PM | 1 Like Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "we didn't have a say"

    Huh? We elect Congress every 2 years and a President every 4.

    "in the trillions given to the banks and wall street"

    Given? Please elaborate.
    Dec 28, 2010. 04:24 PM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    Well, the Fed isn't a private bank, for one thing.
    Maybe you can explain how inflation and deflation benefit the banks?
    Dec 28, 2010. 02:00 PM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "Now you want to believe that two random airplanes perfectly demolished the biggest buildings in NY"

    Perfectly? Now why would we believe that someone (who was it?) planted hundreds (thousands) of charges in these buildings and no one noticed? And why would we (who was it?) want to destroy those buildings?
    Dec 28, 2010. 11:24 AM | 3 Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "And I sincerely believe, with you, that banking establishments are more dangerous than standing armies"

    Obviously we crushed Hitler and Tojo with our banking establishments.

    "the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."

    Yeah, our Congress overspends.
    Dec 27, 2010. 06:47 PM | 2 Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "It's not fake"

    Show me. Find a real source that shows when and where he said it.
    Dec 27, 2010. 05:26 PM | 2 Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation"

    Love that fake quote!
    Dec 27, 2010. 11:01 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "Call up any producer and ask for 1 million ounces of Silver and see how long they'll take to deliver"

    He can only create new shares 1 million ounces at a time?
    Wow, 12.6% premium right now.
    There really is a sucker born every minute.
    Dec 27, 2010. 10:53 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "Sprott could just go to the same producers to buy the same silver"

    Why doesn't he?

    "You're essentially saying a producer wouldn't sell to Sprott but would sell to your "authorized participant"."

    That's not what he's saying. An authorized participant can buy silver to create SLV to arb any premium. Only Sprott can arb his premium. And he will. Eventually.
    Dec 26, 2010. 03:04 PM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    SLV, of course, doesn't buy any silver. The big authorized participants do - and the silver shortage is clearly not as dire as you want to believe it is, as evidenced by the continued ability of big players to source bullion.

    Sprott's fund cannot be kept "in line," by the same mechanism, but make no mistake - he will do a secondary and crush the premium himself.
    Dec 25, 2010. 12:39 PM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "you never answered the question how SLV can add Silver so quickly but PSLV has to wait months and months to add inventory"

    He did, really.
    Dec 24, 2010. 09:44 AM | 1 Like Like |Link to Comment
COMMENTS STATS
988 Comments
669 Likes