The Great Silver Heist
Johnny Silver Bear
I
founded the
Silver Bear Cafe in
the spring of 2002 for the purpose of raising the awareness of
everyone I could, concerning the importance and value of precious
metals to our liberties, our freedoms and our American way
of life. As the editor of the
Silver Bear Cafe,
I find myself continually "telling Noah about the flood",
as our membership is made up, generally, of "community members." By
community, I mean the relatively small group of contrarians that
frequents web sites such as "the Bear" and sites of a
like nature such as Silver
Investor, Financial
Sense Online,
321 Gold, Gold-Eagle, and many others of the
same ilk. These "community members" are generally already
in tune with the causes and effects of the downward economic spiral
we find ourselves in. Still, I find myself driven to "spread
the word" and extend my reach to include "Joe Six Pack" on
Main Street, USA.
The
subjects I personally editorialize are concerned with the wholesale
attack
on our freedom and liberty, the theft of our
assets through inflation, and the socialistic mind set of the puppet
masters, who are bound and determined to destroy the Republic.
Unfortunately, "Joe Six Pack" hasn't got a clue.
I
constantly attempt to refrain from the discussion of politics in
my examinations,
as I view the left-right debate as a contrived
distraction. The more important issue is the battle being waged
by collectivists against individualists, which can be more easily
understood by grasping the "Y axis" rather than the "X
axis". On the "Y axis", totalitarianism occupies
the top extreme and libertarianism occupies the bottom. For a graphic
explanation of this concept, please follow this link and
take the test.
If you have been paying the least bit of attention
to the underlying theme of my rants you would also realize that
I consider the "Dark Side" to be made up of institutional
wealth in the hands of multinational corporations, the various
banking cartels, and "Old Money" elitists that were not
responsible for creating the wealth but rather are simply endowed
with the ability to wield the power that comes with such
wealth. These factions are, IMO, grossly abusing their powers and,
as a result, selling out America. They are disrupting the course
of natural evolution.
For instance, the natural process of food production has
been altered through the genetic manipulation of seeds. This process
renders the seeds with unnatural characteristics. This is primarily
done, not to improve the various strains, but rather to enable
the manipulators to patent the strains and control them in the
market place for profit. The same thing is occurring in the pharmaceutical
industries where known herbal remedies, which are free to all,
are genetically altered, in order to sell them. The consequences
of these alterations on the human body are dismissed as superfluous
and unimportant.
The
profit motive pervades every action of the "Dark
Side." Don't get me wrong. I am as much of a capitalist as
any good, patriotic American should be. I do not believe, however,
that my profit should come from the detriment and suffering of
others. Altruism plays no part in the "Dark Side's" agenda.
World domination through economic control is their goal.
The
technology of the "Dark Side" owned media
has reached the point where it has achieved the power of creating
realities for the people that are distorted and unnatural. As corporations
merge, so that they control more and more of the technology and
want to use more advertising to create false needs, the costs of
basic human survival will continue to escalate.
Most
imperative is the "Dark Side's" obsession
with increasing government power and surveillance. Citing a need
to combat drug dealers and terrorists, the government has infringed
more and more on the liberties of the citizen. Through Patriot
Acts I & II, the Bill of Rights has been effectively dismantled.
Get ready for Patriot Act III. Cash transactions are being restricted
and the Internet fully monitored. The next step will be forcing
the move to a cashless society, controlled by a central authority.
All we need is electronic credit money, devoid of all checks and
balances, and a system by which we can all be tracked on a 24/7
basis, cradle to grave, and the central banker conspiracy will
be complete. This growth toward a central, spiritless governmental
authority in a high tech, virtual world, divorced from natural
processes, where food, water, and the routines of living have been
commoditized and distorted, marks the beginning of the end, of
the world as we know it, for everyone.
Which
brings me to the topic of precious metals. Who among us believes
that, along
with all the other economic malfeasance,
the price of precious metals has not been manipulated? The evidence
is staggering, but the motives of the manipulators have not been
exposed cohesively enough for "Joe six pack" to understand. "Joe" still
rolls his eyes back and wonders why anyone would consider the possibility
that there are forces, behind the scenes, controlling high levels
of government in our country that are not working in "We
the People's" best
interest. Drawing on some of the research of
Charles Savoie, I
would like to attempt to bring these motives into the light of
day. I want to concentrate on silver.
In
an attempt to continue to purvey the "big picture" in
the silver market, here are some interesting facts for your consideration.
Silver is as important a strategic commodity as oil. The
need for a supply of silver in times of war is so essential, that
a shortage of the metal could pose dire and direct consequences
to continued well being of our country. With the evolution of technology,
silver has become so intrinsically important, that a lack of it
will adversely affect America's national security. Meanwhile, as
a result of the collusion between industrial users, central bankers,
the Commodity Futures Trade Commission, (CFTC), the Chicago Board
of Trade, (CBOT), and government regulators, spanning the past
fifty years, inventories have all but disappeared.
How and why have our silver reserves been so radically depleted?
The major causal factor for the growing scarcity of silver in the
United States is an organization called the Silver Users Association,
(SUA). This group was founded in 1947 for the sole purpose of controlling
the price of silver, and has since manned a small army of lobbyists.
These lobbyists represent some of the biggest corporations in the
country. As the industrial uses for silver are quite diverse, so
are the types of companies that engage the services of the SUA.
It is their job to lobby politicians and persuade them to suppress,
depress, repress, oppress, or do what ever it takes to maintain
a grip on the price of silver. The SUA co-ordinates campaign contributions
between association members and complicit politicians in return
for quasi-legal legislation designed to keep the price down. It
does not matter to them whether the means of suppression are legal
or illegal, so long as the price does not rise.
The
chief purpose of the Silver Users Association, when it was formed
54
years ago, was to
lobby and convince the US Government to dispose of its immense
stockpile of silver, as much as 4 billion ounces of silver,
at as favorable a price as possible. Of course, when I say "favorable",
I'm talking about as low a price as possible to the members
of the SUA. The prices were decidedly "unfavorable" to
the owners of that silver, the citizens of the United States.
But, in any event, the SUA was successful beyond imagination.
In my opinion they conspired to hold down prices and that's
an anti-trust violation. The SUA achieved an almost impossible
feat. They made off with the world's largest known stockpile
of silver. Let's see - the US Government had billions of ounces
of silver the year the SUA was formed, and 54 years later,
the US announced it would have no silver left this year. That
is truly remarkable. And the best part (or worst part, if you
are a regular citizen) is that the SUA got a real "steal" of
a price on that silver, roughly one dollar an ounce. Slick
and successful would be mild words when judging the accomplishments
of the Silver Users Association. So would price fixing. - Taken from Ted Butler's 2001 essay
entitled"Silver Users,
Silver Abusers"
SUA members include corporations like Eastman Kodak and
Polaroid who use great quantities of silver for the production
of film. Obviously, the price of silver plays an important role
in their bottom lines and it is of great advantage to keep the
price of silver as low as possible. Other clients include Lockheed
Martin, Raytheon, General Dynamics, American Superconductor, and
Intermagnetics General who use even greater quantities of silver
for the production of super conducting cables, missiles and torpedoes.
All companies that produce electrical components for use in weapons,
high tech aircraft, fighting vehicles, ships, communication devices,
almost everything that has to do with the war machine, depend heavily
on silver.
An interesting thing to point out is that when a missile
or torpedo explodes, as much as 1400 ounces of silver is vaporized.
This is one of the industrial reasons why the above ground stockpiles
of silver have already been depleted to the point of scarcity.
The artificial capping of the price of any commodity is not unlike
the insertion of a huge cork in a volcano. This can result in nothing
less than the massive explosion of its price in the immediate future.
Members
of the SUA also include Union Carbide, Dow Chemical, Du Pont, Goldman
Sachs, and JP Morgan Chase. Why would Goldman
Sachs and J.P. Morgan Chase be members of an organization whose
sole purpose is to suppress the price of silver? Well, from a central
banker's standpoint, a worldwide recognition of the superiority
of silver, as money, over their "funny money" would be
a disastrous occurrence. Am I singing to the choir here?
The
Federal government, apparently to make the paper dollar appear
worth
more than it is, allows
artificial price depressive tactics aimed at silver and gold---Constitutional
money. When Federal regulators default on their duties, it
is up to state officials including you to take action. If anyone
attempted to sell short 22 times the number of Ford Motor shares
in existence, the SEC would lock that person up for 200 years.
Yet, in silver, the CFTC allows such insanity. Such insanely
huge and totally un backed short positions cannot help but
have the effect of smashing the price to the ground, a situation
on the COMEX complained about by high-ranking Mexican and Peruvian
government officials as far back as 1971 (see New York Times,
June 10, 1971, page 67, and June 21, 1971, page 42). Producers
are cheated of fair prices for this commodity, and thousands
are out of work because of this and central bank silver "leasing." Taken
from a letter written by Charles Savoie to Drew Edmondson,
the Oklahoma State Attorney General, and September 29th, 2003.
Again let me state, the radical depletion of our country's
strategic silver reserve and the incessant, illegal action of
the naked COMEX shorts who routinely sell 22 times more silver
than is available for delivery is illegal, abhorrent, and reprehensible.
Common gambling, so-called, was
a crime. The gambling of the exchanges was legitimate and legalized,
and the men who thus gambled with the resources of the nation
were esteemed as highly respectable and responsible leaders
of the community. For
a penniless man to sell anything he did not own, or which was
not in existence, was held as a heinous crime and was severely
punished by a long prison term. Gustavus Myers in History
of the Great American Fortunes (1907) page 303
This demented and evil activity has served two purposes:
First, it has unjustly enriched large, soulless corporations,
renegade COMEX traders, and central bankers. This unjust enrichment
has contributed greatly to their wealth and power.
Second, to greatly diminish America's ability to continue
to defend itself because of its growing reliance on imported silver.
The regulators, politicians,
corporations, traders, administrators, bankers, financiers,
sole less opportunists and scallywags that have been complicit
in the activities of the SUA are guilty of no less than treason,
and should be dealt with accordingly.
Borrowing again from the research of Charles Savoie the
following excerpt was taken from his recent essay, War and Silver
"Today not a missile goes aloft
from Cape Canaveral, not a jet plane from Idlewild that does
not contain some silver. A good 25,000,000 or more ounces of
silver are used each year in the U.S. in the form of solders
and brazing alloys in refrigerators and air conditioners, electric
appliances, aircraft and rockets. About 19,000,000 ounces
are estimated to go into electric contacts in appliances and
electronic equipment. More than 1,000,000 ounces are consumed
in ceramic colors and pigments. About 1,500,000 ounces are used
in making silver-zinc batteries for jet aircraft, missiles and
portable TVs and silver-cadmium batteries for portable equipment.
Silver goes into such miscellaneous products as mirrors, pharmaceuticals,
dental alloys, plating of fine copper wires, medical and scientific
instruments. In certain high temperature applications, as in
space vehicles, silver is ideal. Research is finding new uses
every year. During World War II new brazing alloys of silver
were developed by Handy & Harman. The automobile, the airplane
and the telephone all call for the use of silver in their structure.
The demand for silver in high temperature applications in guided
missiles, jet and rocket aircraft has soared."
"Silver
is a noble and versatile metal. It resists corrosion and so
is ideal for chemical vessels
and the lining of metal cans. Silver nitrate is used in hair
dyeing and making indelible inks. Extremely ductile, a gram of
silver may be drawn out into a wire 180 meters long. Malleable,
silver may be beaten into a leaf 0.00025 millimeters thin. In
making phonograph records, a thin deposit of silver is employed
in making the matrix." - Economist Herbert Bratter, writing
in The Commercial & Financial Chronicle, December
10, 1959, page 2422.
Remember,
it's not just the U.S. that needs silver, it's also everyone that
we are fighting, or will be fighting soon, that
needs it just as badly as we do. The collusion, between the bankers,
industrial users represented by the SUA, and the government, has
left us in an extremely uncomfortable situation. This collusion
was motivated solely for the profit of everyone involved, politicians
included, much to the detriment of every other American citizen.
There are, and have been anti-trust laws in place that should have
precluded this collusion, but the laws were systematically ignored. Placing
themselves above the law, in this manner, goes against every tenet
of justice and fair play in the book. When the stinky stuff finally
hits the mix master, it's not going to be pretty.
There were some folks who realized the nature of the SUA
conspiracy as long ago as the early 1950s, but it wasn't until
the 1970s that anyone stepped up to the plate and tried to do anything
about it.
In 1970
the price of silver was at $1.50/oz. The Hunt brothers, Bunker and
Herbert, of Texas oil fame, were both acutely
aware of the wholesale theft of the Nation's silver stockpile that
had been taking place through the actions of the SUA. (For an in-depth examination
of the Hunt brother's attempt to corner the world silver market,
see H.L. Hunt's
Boys and the Circle K Cowboys by Larry LaBorde.)
When Nixon removed the dollar from the last vestiges of the gold
standard in 1971, the brothers also realized that the New York
Eastern banking establishment, led by the Rockefellers, was now
free to work its diabolical monetary magic. Through the insidious
contrivance called inflation, they could effectively transfer a
portion of the Hunt's oil fortune into their coffers. The brothers
started buying silver.
Over the next nine years, as the Hunt's predicted inflation
accelerated and racked the economy, Bunker and Herbert continued
to use silver to hedge their assets with a vengeance. By the accumulation
of more and more silver, they effectively protected their family's
property and, single-handedly remonetized the white metal. Throughout
the world people began to remember that real wealth consists of
real assets, not paper money, and that real assets include gold
and silver.
In
the summer of 1979 the SUA and their cronies in the COMEX and the
CBOT, along
with their co-conspirators at the CFTC, (a
governmental regulatory bureau), started to panic. Obviously, the
world's recognition of the monetary realities of precious metals
was an untenable threat to the central bankers, and their "funny
money". The elevated price of silver would also seriously
impair the ability of the SUA to continue to swindle "We the PeopleÓ out
of our Nation's strategic silver reserve. But the main reason for
their panic was that many
members of the COMEX and CBOT had illegal financial interests in
the silver market through their substantial silver short positions
and were facing financial ruin. It should be apparent to everyone
that these financial interests would obviously constitute insider
trading and should have brought on a slew of indictments from the
Justice Department.
Rather
than to allow the Hunts to legally wipe out their short positions,
they
illegally changed the rules. The CFTC promptly
backed up the rule change. Even after illegally changing the margin
requirements on futures contracts, the market, fueled by the Hunts
momentum, continued to go against them so the COMEX illegally suspending
trading in silver. They would only accept liquidation orders.
Then, through their continued selling of massive quantities of
silver that they did not have, (naked short selling), they finally
managed to, once again, artificially bring the price under control.
The "Dark Side" owned media was quick to
let "Joe Six Pack" know that the whole debacle was simply
a one sided manipulation attempted by a couple of greedy Texas
oilmen. In reality, the shorts and the Eastern establishment
had just as much, if not more, at stake than the Hunts. The final
result was that the Hunt's would be fleeced for about $3.5 billion,
and the world would once again be safe for the SUA, the central
bankers, and the corrupt politicians to ply their trade.
And
ply their trade is just what they have done. The central bankers,
through their
control of the Fed, in collusion with the
Treasury Department, have diluted the value of Federal Reserve
notes, (FRNs), to the point that the Russians, Chinese, Japanese,
and Indians have begun dumping U.S. dollars and U.S. Treasury
paper with abandon.
These countries make up the single largest bloc of
U.S. bond speculators in the world. As I have mentioned many
times before, the FED may set short-term interest rates,
but bond speculators set long-term rates.
The liquidation of the U.S. currency holdings could
cause the collapse of our economy. Please do not take what
I just stated lightly. The FED, in collusion with the U.S.
Treasury Department, has inflated the worldwide credit bubble
to such an obscene extent that they have left our economy
defenseless against the forced repatriation of our own dollars.
We can't possibly absorb that much liquidity without first suffering
the throes of hyperinflation. As a result, all four countries
have us over a barrel. They will demand some major concessions,
in the near future, if they are to refrain from cashing in
their chips too fast.
How did we get in this predicament? Where did our
system of checks and balances break down? What constitutional
subjugation's took place that could of allowed us to arrive
at this juncture? When I began researching this essay my
initial idea was to pose a solution. We have since gone through
a national election, the results of which have come under
extreme scrutiny. Discrepancies in electronic vote tabulation
have surfaced, throwing the whole process in doubt. I am now
convinced that, at most, a survival strategy, rather that a solution,
may exist. I would implore you to consider
how we got to where we are today.
Those of you that are familiar with my rants are already
aware of my frustration with the present state of our democracy.
In fact I have received numerous emails admonishing my depiction
of a society that has been conditioned to vote for a free
lunch.
So, in an attempt to clarify my feelings concerning
our democratic system I will elucidate.
There are two fatal flaws in our current system. Curiously,
they would seem to be offsetting on the surface, but upon
closer examination they emanate from the same collective
mind set. If these two flaws could be remedied, our Constitutional
way of life could be preserved. Unfortunately, the underlying causes
have been so ingrained in the system, that their effects
are probably irreversible.
The first flaw was initiated by FDR, (see one of my
previous essays, The Patriotic and Moral Imperative for Owning Gold and Silver), when he started handing out taxpayer
money and thereby created "the dole". Since then
politicians have refined their ability to use taxpayer money
to buy votes until it has evolved into a catastrophically successful
ploy to redistribute the wealth of, and as a result decimate, America's
middle class. If "We the People" demanded that a law was enacted
that would prohibit anyone from voting, in a national election,
so long as they remained "on the dole", (OTD), half
of the problems with our "bastardized democracy" would immediately
go away. If the people couldn't vote for a hand out, politicians
couldn't simply pander a handout in return for a vote, which
is essentially all they do now.
I'm not simply talking about welfare recipients, although
they make up a significant portion of those who should not
be eligible. I'm talking anyone who is OTD. Any receiver
of any Federal support should not be eligible to vote. The
Constitution provided no Federal support for anyone, period.
This would include grant recipients, those who receive Federal
entitlements, farmers receiving subsidies, employees of any
Federally subsidized business, even employees of companies benefiting
from trade sanctions. Taken to the extreme, we should un-entitle
Federal employees including members of the Armed Forces, Congress,
Federal Law Enforcement, Treasury Department, Justice department, and
the Judicial Branch. You see, each one of these persons harbors a
personal agenda and is apt to vote for whoever promises him/her more.
When you're OTD, staying OTD is job one. Have you noticed the most
important thing for a politician to accomplish while in office these
days, is to get re-elected. That's the problem with the "Free Lunch" mind
set. There is no such thing.
The second flaw concerns the passing down of institutional
wealth. The "Dark Side" is peopled with old money.
The patriarchs that initially created the wealth were probably
deserving of the power that came with it. Their wealth came
as a result of their courage, intellect, creativity, ambition
and perhaps even ruthlessness. Their progeny, on the other hand,
are not deserving. In fact, it is the unentitled wielders of
this "institutional wealth" that, to a large degree,
make up the controllers of the Fabian Socialists. These are
the people that pull the strings behind the scenes
in Government, and whose main goals include world domination. It
is vanity and narcissistic nepotism that can motivate an individual to
suppose that his offspring are more capable of directing the course of
humanity than anyone else. This is total hooey. Rather than maintaining some
altruistic vision for the future, these, "I didn't do anything that
would make me qualified to rule the world other than I was born into
it" elitists are generally far less qualified, having never been
confronted with the need for mustering of the courage required to
create the wealth in the first place. The system, as it stands, provides
for the perpetration of a monarchial power structure that should
have been abandoned with our first revolution 228 years ago, but
wasn't.
I do not suggest that the heirs of a fortune should
not be able to reap the benefits of their parents successes,
but rather that they be restricted from misusing the power
that comes with the institutional wealth their parents amassed.
How about a system where you could leave your children $50,000,000.00
each. That ought to be enough to get them started in this
cold, hard world. If they can't get by on that much, they
surely aren't qualified to handle any more. I suggest that if a
person has more in his estate than enough to leave his spouse
and each of his children $50,000,000 when he/she goes to
the happy hunting grounds, (or where ever he/she goes), that
it should be directed toward the renewal of our country's
infrastructure, its roads and bridges. Its water purification
and delivery systems. There is a myriad of directions that
the wealth could be directed that would not constitute a
socialistic trend, but rather a positive evolution to a better standard
of life for all Americans.
With the elimination of people OTD affecting the outcome
of an election, and the restriction of the passing of institutional
wealth, which effectively provides for the support of a monarchial
system, the American System of Democracy could be an efficient
and just system. Until these changes are made it will not
be.
The second solution has nothing to do with politics.
It is basically a passive, covert action, relying on each
of us as individuals, (magic word; individuals.)
This is a solution that has the potential to change the world.
Start purchasing silver bullion. Then buy some more.
Community members, increase your holdings. Rather than just
two brothers from Texas doing all the work, and consequently
being an easy target, let's all become involved. Besides
enriching ourselves through the exercise of buying and owning
silver, we can passively wrest the control of the silver
market out of the hands of the "Dark Side" and back into the
hands of the people. This can bring about some very important changes,
in one way, that will really make a difference. As the
price of bullion subsequently rises, more and more people
will begin to see Federal Reserve Notes for what they really
are; fake money, and recognize and appreciate precious metals
for what the really are; real money. If nothing else, it
might make wars more expensive to fight. The downside risk
is minimal compared to the upside potential.
Oh, and
by the way, for all you "Joe Six Packs" out
there, a $10 bill you got in 2002 currently has the
buying power of $6.50, (a loss of $3.50), while an ounce
of silver you could have procured, at the same time, for
$5.00, is currently worth $8.50, (a gain of $3.50). But the
real deal is the two ounces of silver that you could have
purchased for that 2002 $10 bill that would currently worth
$17.00. That's a 70% increase on the original $10 but a whopping 250%
profit when you compare holding the FRN to holding the silver. Hey,
it's a no brainer, (and that's a good thing considering the level of
brain power utilized by the average sheeple.) Most importantly,
the price of silver, IMO, is about to "go to the moon."
Its
not what you don't know that will screw you up, it's what you know
that is wrong. The spin you hear from the mainstream media is intended
to mislead you. Open your eyes and face the future. If you leave
your head in the sand and ignore it, you are only leaving your butt
exposed for the world to kick. This all may sound like gloom and
doom, but when you get a handle on what is going to happen, you will
have a future filled with opportunity. Fortune favors the Informed.
Kenneth
Parsons, aka Johnny Silver Bear, is an IT
professional in Garland, Texas and the President
of Silver Bear Communications, Inc. Mr. Parsons
has been involved in the advertising and
promotion industry for over twenty-five years.
He is the editor of the Silver
Bear Cafe and, as such, is responsible
for shaping the content of "The Bear".
Mr. Parsons has served as CEO for Fiberscape
Communications, Inc., a web site development
/ hosting and streaming multi-media company
in Richardson, Texas since 1997. He is a
Jeffersonian and a passionate supporter of
the U.S. Constitution. He is also an outspoken
advocate of gold money and equal tax rates.
You can contact Mr. Parsons with questions
or comments via email at johnny@silverbearcafe.com
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