We live in a day and age where scammers and fraudsters are having a ball considering the rampant deception and fraud that have been going on for a while now. The latest scam involves warehouses owned or operated by bankers such as Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Glencore International PLC.
Word is out that the above-mentioned bankers are restricting the quantity or amount of metals (silver, gold, etc.) that are released from their warehouses to a minimum, deliberately inflating prices and making ill-gotten gains in the process. Buyers have to continue paying rent on the storage of the metals even after requests were made for delivery or release, while no restrictions, beside restrictions in terms of the size of the warehouses, are placed on the quantity or amount of metals that can go into the relevant warehouses. The relevant bankers are in effect manipulating the physical metals market to the extent that prices in the physical metals market are starting to outpace LME prices by the largest margin within a decade. Now, none of our true silver investors, investors who buy and hold physical silver over the long-term, will complain when the price of physical silver goes up, but when it happens as a result of silver market manipulation and outright thievery, then it’s a different story altogether. It is clear from this warehouse scam that the bankers are playing both ends. The mentioned bankers are now being scrutinized by the London Metal Exchange (LME) after complaints were received by the likes of Coca-Cola.
Despite the relevant bankers being under scrutiny by the LME, we at Silver Bullion are not intending to hold our breaths for any form of justice being served while the status quo prevails, because we know that the evil bastards are having a good laugh about it. They have the power to continue, virtually unrestricted, with their frown upon activities, because that power was given to them by the unthinking masses. Thomas Jefferson, one of the Founding Fathers of the United States of America, definitely knew what he was talking about when he said: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Jefferson is spot on if one considers the “paper gimmick” and silver market manipulation. One might have mistakenly thought for one that J.P. Morgan Chase’s silver market manipulation has stopped at naked short selling, but it’s clear that they’re manipulative tendencies has not stopped there.
“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money” – Josiah Stamp.