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Is JPM Covering Up a Naked Silver Short Held By China As a Claim Against the Yanks? Is China black-mailing the U.S.?? *PIC*

I guess the fact that the U.S. is probably the Most Blackmailable Country on the Planet always helps 'em -- thanks to the Bush-Clinton Cabal...like the song says, How did we get here?  Christ, won't we ever learn?  We bought our tickets, but we're on our way to...where???

 

Is JPM Covering Up a Naked Silver Short Held By China As a Claim Against the Yanks?

by Jesse
Jesse's Café Américain

[snip]

It is has been my contention all along that the real short position on silver is not JPMorgan or HSBC but mainland China. The USA needed a hoard of silver supply to compliment the banking gold supply to keep the suppression scheme alive.

China had about 300 million oz of silver inherited with the overtake of China in 1949. The gold was air-freighted to Taiwin (69 tonnes) but the silver remained in Shanghai and Beijing. In 1990 the usa had 2 billion oz of above ground silver and by 2003 their supply went to zero. They needed the Chinese supply.

Here was their supposed deal: in or around the year 2000 and events leading up to now:

1. USA gives most favoured nation treatment to China.

2. China lends silver in a swap position. China gets dollars as collateral and USA gets silver.

3. China can get their silver back at any time say past 3 or 4 years.

4. China loves the deal as they pick up gold on the cheap.

5. It is now 2010 and China want its silver back but the usa state that the silver is gone. They can keep the usa dollars in collateral.

6. China refuses and is angry. They now massively short on the comex knowing that they will not supply the metal. It is up to the bankers.

7. They use conduits on the buy side and take delivery.
This is what O'Malia is frightened of when the CFTC sees the swap book on Morgan."

The point that both Harvey and Ted Butler have made is that China is behind the big short in silver being held by JPM and HSBC (Hong Kong Savings Bank), but if pushed for delivery will throw its unsatisfied metal claim with the US on the table and will say, 'Get it from them.'

This does seem a little convoluted to me, and the first time I heard Ted mention China as principal behind the big silver short I thought it was ludicrous.

But I do think there is an element of unstated truth in this situation somewhere, and that there are serious scandals buried in the naked silver short position and the gold markets that will eventually see the light of day.

Is China black-mailing the US with evidence of market manipulation in gold and silver? It sounds like the plot of some novel, but stranger things have happened when government goes into partnership with finance...

LINKS
:

http://jessescrossroadscafe.blogspot.com/2011/01/is-jpm-covering-up-naked-silver-short.html
http://www.marketoracle.co.uk/UserInfo-Jesse.html
http://www.marketoracle.co.uk/

Messages In This Thread

Is JPM Covering Up a Naked Silver Short Held By China As a Claim Against the Yanks? Is China black-mailing the U.S.?? *PIC*
IMO the trade imbalance, the exchange conditions. China wants something real & valuable instead of fake Dollars out of thin air. What does China get in return for its exports to USA? Threats of War? *NM*
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