Toilet Paper Money: Paper Silver

Tuesday, July 6, 2010

Metals smash down was just another paper affair, Butler tells King World News

Dear Friend of GATA and Gold (and Silver):

In his weekly interview with Eric King of King World News, silver market analyst Ted Butler remarks that last week's smash down in the precious metals was another typical manipulation by the big commercial traders, a paper affair on the Comex without any real metal selling. The big commercials, Butler adds, began buying again on Friday. Butler says he has lost patience with the U.S. Commodity Futures Trading Commission, calls the silver market a criminal operation, identifies its perpetrators, as he has done before, and notes that none of them have ever challenged his accusation. The interview is about 10 minutes long and you can find it at the King World News Internet site here:

http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/7/3_Ted_Butler_on_the_Metals_Market.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Friday, July 2, 2010

Massive Drain on Comex's Inventories - GATA

http://www.gata.org/node/8788
Patrick Heller: Massive drain of Comex silver inventories continues
Submitted by cpowell on Fri, 2010-07-02 04:31. Section: Daily Dispatches
12:30a ET Friday, July 2, 2010

Dear Friend of GATA and Gold (and Silver):

Patrick A. Heller of Liberty Coin Service in Michigan writes at Coin Update News that there lately has been a massive drain of silver from Comex inventories, raising the possibility that bullion banks are having trouble covering their obligations. Heller's report is headlined "Massive Drain Of Comex Silver Inventories Continues" and you can find it at Coin Update News here:

http://news.coinupdate.com/massive-drain-of-comex-silver-inventories-continues-0344/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Charles A. Lindbergh - In 1913, he wrote Banking, Currency, and the Money Trust

"This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress... The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government." - In Reference to the Federal Reserve Act 1913

Woodrow Wilson, after signing the Federal Reserve into existence

"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men." - Woodrow Wilson, after signing the Federal Reserve into existence

Sir Alan Greenspan quote from 1966 paper Gold & Economic Freedom

Rep. Louis T. McFadden