Showing posts from January 16, 2013

Max Keiser Report: Whore-der of JP Morgan (E393)

JP Morgan has borrowed over 3 billion ounces of silver which they sold on the market to keep prices down. This "borrowed" is a short position. Meaning they stand 3 billion ounces short they need to buy back. If the price falls JP will have made a profit. If the people buy silver however the prices on silver rise. Buy enough and JP Morgan will go bankrupt. Its one step to end this charade of the dollar not worth its paper. In this episode, Max Keiser and Stacy Herbert discuss the fact that markets don't kill economies, banksters kill economies. They also discuss JP Morgan's copper ETF in London and Blythe Masters, the well known hoar-der of commodities. In the second half of the show, Max Keiser talks to David Hales about the economics of bit torrent and the future of peer to peer banking.