Especially I'm concerned about this sentence: "However, the custodian is not responsible for conducting any chemical or other tests designed to verify that such silver meets the purity requirements referred to in the Trust Agreement".
So, basically they can have anything that they can call pure Silver! Get it?
Especially I'm concerned about this: the custodian is not responsible for conducting any chemical or other tests designed to verify that the silver meets the purity requirements! So, they can have anything that they can call pure Silver! Get it?
Also, Jeff highlights the real ISSUE below in one of the comments:
Michael, the issue is not whether there is enough available silver in the world to supply bullion-ETF's.
This ISSUE is that the same bullion-banks who claim to be "custodians" for virtually ALL the world's bullion-ETF's are sitting with the largest "short" positions in the history of commodities.
These positions ALSO require physical metal to back them, and these positions are NEVER AUDITED.
It is totally facile to claim that bullion-ETF's are "fully-backed" when you are literally discussing only HALF of the equation.
It is totally naive to believe that with the bullion banks ONLY able to back EITHER their short positions OR the bullion-ETF's that they will choose to back the ETF's.
These bullion-banks have a long history of bullion-fraud - and a willingness to pay the tiny fines which represent only a small portion of the PROFITS they make on such fraud.
People of the Earth: Prepare for Economic Disaster [View article]
And the Bernank has that infamous invisible printing press that will do wonders for the world! Money will appear all of a sudden out of nowhere to save the world, yet no one will be able to see it.
The magic printing press can never run out of ink or paper, it will always be there forever.
How the U.S. Economy Has Been Tanking for 60 Years [View article]
Good point. I think this is the inherent flaw of today's monetary system and I'm not sure how this debt situation is going to end. These videos explain this situation with data:
The more I research on this issue, the more I get convinced that there is no end to this debt (and money printing) issue. Perhaps this is the inherent flaw in today's monetary system? Watch the videos below to fully understand this issue.
And here's another perspective on this topic. However, I'm not sure if there is an alternate solution to the monetary system that seems to have inherent flaws.
Scaling Rosenberg's Six Walls of Worry [View article]
"As for the federal government's debt ceiling, the federal deficit is clearly a very big problem since it is symptomatic of out-of-control spending and an unprecedented growth of the public sector which ultimately threatens the health of the private sector."
Good point. And I'm not sure if we can ever solve this debt problem. The more I research on this issue, the more I get convinced that there is no way we can reduce the deficit. Perhaps this is the inherent flaw in today's monetary system? Watch the videos below to fully understand this issue.
Something Is Happening With Dollar Currency [View article]
Why Silver Is Grossly Undervalued and the Myth of the 'Primary Silver Mine' [View article]
This will help you understand the potential SLV fraud - Madoff type fraud.
www.youtube.com/watch?...
Especially I'm concerned about this sentence: "However, the custodian is not responsible for conducting any chemical or other tests designed to verify that such silver meets the purity requirements referred to in the Trust Agreement".
So, basically they can have anything that they can call pure Silver! Get it?
SLV Inventory Hits Record High [View article]
www.youtube.com/watch?...
Especially I'm concerned about this: the custodian is not responsible for conducting any chemical or other tests designed to verify that the silver meets the purity requirements! So, they can have anything that they can call pure Silver! Get it?
SLV Inventory Hits Record High [View article]
seekingalpha.com/artic...
Also, Jeff highlights the real ISSUE below in one of the comments:
Michael, the issue is not whether there is enough available silver in the world to supply bullion-ETF's.
This ISSUE is that the same bullion-banks who claim to be "custodians" for virtually ALL the world's bullion-ETF's are sitting with the largest "short" positions in the history of commodities.
These positions ALSO require physical metal to back them, and these positions are NEVER AUDITED.
It is totally facile to claim that bullion-ETF's are "fully-backed" when you are literally discussing only HALF of the equation.
It is totally naive to believe that with the bullion banks ONLY able to back EITHER their short positions OR the bullion-ETF's that they will choose to back the ETF's.
These bullion-banks have a long history of bullion-fraud - and a willingness to pay the tiny fines which represent only a small portion of the PROFITS they make on such fraud.
People of the Earth: Prepare for Economic Disaster [View article]
The magic printing press can never run out of ink or paper, it will always be there forever.
People of the Earth: Prepare for Economic Disaster [View article]
How High Is the Wall of Worry? [View article]
How the U.S. Economy Has Been Tanking for 60 Years [View article]
Crash Course: Chapter 7 - Money Creation by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 8 - The Fed & Money Creation by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 9 - A Brief History of U.S. Money by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 10 - Inflation (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 12 - Debt by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 13 - A National Failure to Save (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 13 - A National Failure to Save (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 14 - Assets & Demographics (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 14 - Assets & Demographics (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 15 - Bubbles (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 15 - Bubbles (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 16 - Fuzzy Numbers (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 16 - Fuzzy Numbers (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 19 - Future Shock by Chris Martenson
www.youtube.com/watch?...
7 Stages of the EU Panic Cycle: Understanding and Profiting, Part I [View article]
I wonder how long can they keep on playing this trying to avoid the defaults?
Could the Fed Go Broke? [View article]
Crash Course: Chapter 7 - Money Creation by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 8 - The Fed & Money Creation by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 9 - A Brief History of U.S. Money by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 10 - Inflation (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 12 - Debt by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 13 - A National Failure to Save (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 13 - A National Failure to Save (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 14 - Assets & Demographics (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 14 - Assets & Demographics (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 15 - Bubbles (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 15 - Bubbles (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 16 - Fuzzy Numbers (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 16 - Fuzzy Numbers (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 19 - Future Shock by Chris Martenson
www.youtube.com/watch?...
And here's another perspective on this topic. However, I'm not sure if there is an alternate solution to the monetary system that seems to have inherent flaws.
ZEITGEIST II ADDENDUM (FULL MOVIE!)
www.youtube.com/watch?...
These videos show the history of how all this (central bank money printing thing) evolved:
Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 2 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 3 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 4 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 5 of 5)
www.youtube.com/watch?...
Scaling Rosenberg's Six Walls of Worry [View article]
Good point. And I'm not sure if we can ever solve this debt problem. The more I research on this issue, the more I get convinced that there is no way we can reduce the deficit. Perhaps this is the inherent flaw in today's monetary system? Watch the videos below to fully understand this issue.
Crash Course: Chapter 7 - Money Creation by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 8 - The Fed & Money Creation by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 9 - A Brief History of U.S. Money by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 10 - Inflation (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 12 - Debt by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 13 - A National Failure to Save (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 13 - A National Failure to Save (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 14 - Assets & Demographics (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 14 - Assets & Demographics (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 15 - Bubbles (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 15 - Bubbles (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 16 - Fuzzy Numbers (1 of 2) by Chris Martenson
www.youtube.com/watch?...
Crash Course: Chapter 16 - Fuzzy Numbers (2 of 2) by Chris Martenson
www.youtube.com/watch?...
Now, here's another perspective on this topic. However, I'm not sure if there is an alternate solution to the monetary system...
ZEITGEIST II ADDENDUM (FULL MOVIE!)
www.youtube.com/watch?...
And these videos show the history of how all this evolved:
Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 2 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 3 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 4 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 5 of 5)
www.youtube.com/watch?...
Deficit Hysteria and the Debt Ceiling [View article]
Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 2 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 3 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 4 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 5 of 5)
www.youtube.com/watch?...
Watch the first 30 minutes of this. This explains how the money is created.
ZEITGEIST II ADDENDUM (FULL MOVIE!)
www.youtube.com/watch?...
Deficit Hysteria and the Debt Ceiling [View article]
Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 2 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 3 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 4 of 5)
www.youtube.com/watch?...
Zeitgeist - The Movie: Federal Reserve (Part 5 of 5)
www.youtube.com/watch?...
And watch the first 30 minutes of this. This will tell you how the money is created.
ZEITGEIST II ADDENDUM (FULL MOVIE!)
www.youtube.com/watch?...