IT CAN NOT HAPPEN TO ME. GUESS WHAT? IT WILL!!!
Chapter 18
The SHADY SIDE OF SILVER
While everyone seems to ignore the casino atmosphere of the securities markets worldwide, there is a time bomb about to explode.
The volatility of the silver futures market is like bungee jumper without a rope.
It seems a complex game, but when you break it down, we all going to pay the devil. We all know it is wrong, but few speak up.
For starters , The Federal Reserve Board of the United States and other central bankers around the world are keeping their funds which they transact business with other member banks artificially low. This was done during the banking crisis, but they have failed investigate the abuses.
One glaring abuse is a major bank can “borrow” a million dollars and with high frequency trades [i]and short the silver contracts on the COMEX .[ii] They are selling contracts that they do not own. Another scheme is to place factious orders to sell to scare the buyers away. This drops the bids temporarily low. In an nano second the computers cancels the sells and instead buy at the depressed prices. These trades place an artificial cap on the price. Now the computers , some instances are trading among themselves with no human benefit.
AS is the case of silver, the industrial demand far outstrips the world’s supply. The total amount used is 755.7 million ounces. Here is the breakdown for industrial uses. One can quickly observe that over half is for industrial use.
Silver has unlimited applications in science, industry and art plus investments. Total demand in 2010 was 487.4 million ounces for industrial use only. 167 million ounces were used for jewelry and 101.3 million ounces were used in medals and coins which were probably increased in 2012 because of the Olympics. Silver is used 1000 ounce bars for industrial use. There is about 1.25 billion ounces of silver in the entire world in 1000 bars. These bars are not just floating to be plucked out of thin air. They are often broken down for use in computers and solar panels and mirrors just to name a few.
J P Morgan Chase was reported to be short 95 million ounces as of August 18, 2012. The 8 largest silver traders are short 40.9% of the entire COMEX future trading on a net basis. These contracts are in 1000 ounce bars. This will take over 100 trading days for them to cover(buy back) their shorts sales. This could be the straw that broke the camel’s back as far as inflation is concerned.
When industrial users discover they might have a delivery problem they more than likely double order. This in itself will put added pressure on the shorts and send silver on a par with gold. There is three times more gold around than silver. If silver ever reached the price of gold, forget the Euro and everything else. Heaven Forbid!!!
What one can do. Own silver for cash only. NOW
What the authorities must do worldwide.
Raise Interest rates NOW.
Abolish margin rates NOW.
Bring back the uptick rule NOW.
Reinstate the usury laws NOW.
Hire outside Law firms that will sue or try violators ona contingency basis. There only fee will be a fee based upon a predetimined percentage of the judgement. If they loose – no fee. This will give would be violators second thoughts of breaking laws.
Finally go back to chapter one and review every chapter that I have written so far
Cheerio !!!
COMEX(Commodity and metal exchange) offers gold, silver, copper and aluminum contracts as well as FTSE Eurotop 100 and 300 stock indices.
[ii] High frequency trades (HFT) are done by computing an allogrintem into a computer program that will trade silver contracts in nano seconds. This can also be done by posting factious offerings to scare away would be buyers causing the security to drop in value quickly. Then in a nano second it will buy back the security. The difference in sale price and buy price is the profit. Using a million dollars on margin; fractional change in price can be a tidy sum. It is estimated that 80 to 90% of all trades are now HFT’s.
4. When will the Republik of Armenia disappear?
We have now to wait until Syrian and Lebanese armenians will disappear. This will be in the coming two month.
After that, Iran will have regime change. This will be in 2013.
So it is possible earliest in Summer 2013, or start in the Winter of 2013. After armenia will be in the ring of fire, the Russians will leave the boat, as they left Assad this week.
The reconquista of Turkish Land and the Unity of all Turan will be finished in 2 weeks after the start of the liberation.
All armenians will live in Russia in 2014.
eseksike, This is called a wishfull thinking
Dear Mr Sassounian, I disagree with you concerning question No 3. If Western Armenia is freed, Armenians won’t be a small minority in their own homeland, because Turks and Kurds must leave, evacuate our lands, just like happened in Gharapagh. There’s no one Azerbaijani left in Gharapagh today. The same must be the case with Turks and Kurds in Western Armenia. Only Armenians should be allowed to live in Western Armenia.
Dear Mr Sassounian, I like to point out that, concerning question No 2, you failed to mention the legal border between Armenia and Turkey is the one determined by the treaty of Sévrès, and, regarding territorial claims, we have to mention the treaty of Sévrès again and again. We don’t minimise or maximise our demands. We are asking for the legal border between Armenia and Turkey to be re-established. And, finally, each time you get the chance, dear Mr Sassounian, remind American officials, congressmen, senators, that the legal border between Armenia and Turkey was established by US President Woodrow Wilson.
Politically speaking, you are right. But that is only in politics. In reality, it is not enough for us Armenians. Wilsonian Armenia is only a fraction of our lands. Dikranagert and Cilicia aren’t even part of the Wilsonian Armenia. If we were to demand our land from a political point of view, we would ask the one determined by the Treaty of Sevres. But we all know that Turkey will never give an inch of land without war. That’s why when Turkey is weakened is the right time to get our lands back.
Thank you Harut for bringing to light what many Armenians think about. The general topic of reparations is just beginning to emerge as the core of our justice equation. For too long our public discussions have centered around “recognition”. The heart of the reparation issue is the territorial demands of the Armenian nation.
It is critical that we integrate Western Armenia into all educational processes and curriculum to give our emerging generations a working knowledge of the history and geography of this element of Armenian civilization that was horrifically altered by the Genocide. Camps, churches, schools and educational forums should ensure that our children maintain an identity with this land while the wheels of justice turn.
I would also suggest that try to define western Armenia in the context of the maximum” approach. It is obviously more than the Wilsonian award from the Sevres Treaty. Is it including historic Cilicia? Sepastia? With the resurgence of our efforts in the last 20 years, defining these areas of reparations is fundamental. It begs the question of how will this be determined. RoA is not in a political position to lead such an effort. The time for the diaspora to unify and resolve these types of issues has arrived!!
I agree with you. Armenia can’t have such demand from Turkey. It is up to us Diaspora to lay such claims. Politically speaking, Sevres Treaty is easier to claim because it was legally bound at that time. But we all know Wilsonian Armenia is not enough. We need much more like Cilicia and the other Eastern Anatolian parts. I would even go as far as to say to get lands that didn’t really belong to us in the past like the whole Central Anatolia and some Western Anatolia parts. Why not? We deserve a little more than we used to, because of all the sufferings Armenians endured all those centuries. We should think of enriching ourselves even more. If we get victorious, we get to keep all those lands.
Best article, ever! Let’s keep in mind that who lives on Armenian territory now in present day eastern Turkey is irrelevant as far as Armenians are concerned. When the time comes, that will be dealt with appropriately. It is better to have all our lands back, regardless if other people are living there. Once the terrorist Turkish government is toppled, the rest can be dealt with peacefully. However, let’s keep in mind something very important.
Can a nation commit genocide, deny the victims a future, deprive them of multiplying, steal their lands, populate the stolen lands with its own kind, then after bribing governments and denying genocide for 100+ years claim that those people living there must stay? HELL NO! Just like Turkey populated Armenian lands with the terrorists who committed genocide, it must depopulate them in the same way when the time comes. *THAT IS TURKEY’S RESPONSIBILITY*.
Turkey is an expert country with moving its citizens around like cattle. Case in point: Cyprus. In north Cyprus, the so called “Turkish Cypriots” there are mostly settlers from the mainland, compliments of the Turkish government.
Also, I wholeheartedly believe that all the governments involved in WWI are just as responsible as Turkey is. If anything, they re-armed the Turks after WWI thereby allowing them to continue the genocide, and illegally invading Armenia as well – supposedly a “war of independence” (in reality both the western governments and the Soviet Union, opposing each other and wanting Asia Minor, armed Turkey, thus all together they created a terrorist state which is in existence today, currently dominated by the US for the purpose of checking the power of Russia.) No one in their right mind would believe that after just losing WWI, destitute, starving and without an army, Turkey miraculously recovered in one year by itself and came back to take over all the lands it currently occupies. Baloney!
great points, all armenians should remember this.
ww3 is an opportunity if it should involve russia, turkey and the kurds. we should start establishing ties with the kurds. if they ever decide to fully rebel and fight the turkish govt then armenia could provide much needed military equipment and logistics (we as a developed nation have those assets).
the result is we share the spoils
I can see your point. I don’t think it really benefits us Armenians for a number of reasons. Personally, I don’t really trust the Kurds for the following reasons:
1) Kurds helped the Turks commit the Armenian genocide.
2) Kurds claim Western Armenia as Kurdistan
3) Kurds are Muslims.
Let’s not forget Kurds helped the Turks commit genocide. They are responsible as well for the genocide. Kurds also claim Western Armenia as Kurdistan. If we arm them, they may later use it against us for their own benefit as they want their Kurdistan in our lands. That’s the main reason why I oppose arming Kurds. They may turn against us and stabs us. I don’t really trust Muslim populations. They sometimes act as traitors against us Christians and stabs us in the back.
It’s time for Anatolia to be ruled by Christians.
I always read HARUT SASSOUNIAN’S articles with pleasure. Thank you so much Mr.Sassounian for calling upon all Armenians to believe that one day Western Armenia will be liberated.
Very informative and educative write up.
Waiting for more on this topic.
With best wishes and regards,
Karen.
New Delhi
India
I am grateful that Harut has finally found a way to dealt with the Western Armenia stuff. I am sure Turks are cowards and they will disappear to allow the brave Armenians to occupy the land
Inteligent Article, We waited 100 years we can wait more, who can’t wait is Turkey, PATIENCE, PATIENCE, PATIENCE,
Great article!!! I’m looking forward to that day when Western Armenia will belong to us Armenians. The land of Azerbaijan will belong to us as well. Armenia will stretch from sea to sea. It will border Caspian sea, Black sea and Mediterranean sea. From Caspian sea to Phrygia in Central Anatolia, Armenia will be. Western Anatolia will belong to Greece.Central Anatolia and Eastern Anatolia will belong to Armenia. Of course, that is wishful thinking, I’m not a prophet, so I can’t predict what will happen. Let’s just hope God will give us all that land, because He will decide which land will belong to who.