CFTC: the Common Fraud Training Committee
(The Silver Investor's Best Friend! Oh yes!)
Silver Stock Report
by Jason Hommel, January 18th, 2010
If you ever write to someone, like me, to say that you disagree
with them, you should at least be able to say why. I do, and I
will. Here's an example: I think futures contracts are a form
of fraud because there are more paper contracts than real silver, and I
think "regulating" fraud is simply fraud on top of fraud.
So far,
nobody has demonstrated any capacity to explain how new position limits on
metals, even applied to short sellers, would end the endless short
selling. Nobody has explained how the Commodity Futures Trading
Commission (CFTC) would be able to detect, and/or catch, and/or prevent an
entity like JP Morgan from setting up many dummy shell corporations to
short all the silver contracts that they wanted to avoid and get around
any new regulation.
Therefore, my view is that new
position limits contemplated by the CFTC would be
irrelevant. CFTC regulation of short positions is impossible
and a waste of time. What the CFTC has been capable of doing so
far is to criminalize and outlaw "excessive" long positions, as if
it's somehow criminal to spend your money on what you
want.
Furthermore, if I acted or believed as if I
could help convince the CFTC to do a "better job" of regulating
silver futures contracts, doing so would merely help the
deception. Therefore, I have no interest in trying to "be nice" to
the CFTC in the hopes that my tone would have a meaningful impact on the
silver market.
What are the sayings that come to mind? You
can put lipstick on a pig, but it's still a pig.
"Regulating" futures contracts is a doubly fraudulent concept
to begin with. The so-called regulation makes futures
appear more honorable than they are, but it is all a deception.
The CFTC is the lipstick on the pig of futures contracts. I have no
interest in helping to apply the lipstick. My ministry is one of
pointing out that the pig is still a pig, despite the appearances of
lipstick!
The CFTC's real job is to help make the prostitute look
more tempting. People will falsely reason to themselves, "Futures
contracts must be safe, after all, they are regulated by the CFTC who
oversees the markets and prevents manipulation from taking
place." But it's all just lies upon lies.
How can anyone
deliver between 600 to 800 million ounces of silver in futures contracts,
when there are only about 50 million ounces in the warehouses?
Easy! Most futures contract holders, only putting down a small
fraction of the value of the silver, never can afford, nor do
they intend, to take delivery, so the scam of
"endless" paper silver contracts continues.
What's
worse is that the BIS, the Bank of International Settlements, released a
report showing that "over the counter", "other precious metals"
(mostly all silver) derivatives, (which are not futures contracts,
which are IN ADDITION TO FUTURES CONTRACTS), could expand by a notional
value of over $107 billion in a mere 6 months! The BIS
report fails to mention that the total global annual production of silver,
at 600 million ounces, is worth less than $11 billion!
http://www.bis.org/statistics/otcder/dt21c22a.pdf
The
unregulated "over the counter" silver bullion market is ten times larger
than the futures contracts the CFTC is authorized to regulate, further
making the CFTC completely irrelevant, and in fact, impotent as far as
regulation goes, even if they could regulate futures, which they
can't. They only help to prosecute the righteous, not the
criminal.
Some people say that our CFTC Appreciation Medallion is
offensive. But the CFTC is part of the group that allows cheap
silver to exist. We should thank them and bless them for creating
this wonderful investment opportunity that exists only for the little
guys, and is completely closed to all billionaires. Billionaires
can't buy silver because they will be prosecuted for having an "illegal"
long position exceeding 1500 contracts!
For those who understand
the nature and limits of the fraud, and why it can't last
forever, there is the realization of silver as the best
investment opportunity in the history of
humanity.
==========
Adrian Douglas released a report
explaining how and why banks hold more gold than exists for
their customers who never take delivery in his latest
article:
Adrian Douglas: The 'tiny' gold market is actually the
world's biggest
http://gata.org/node/8248
By
"biggest" he means that the daily volume turnover of "gold held on
account" by bullion banks and brokers is about 3 times larger than
oil. But the daily gold turnover is about as much as annual
gold production, indicating that it's mostly all
fraud.
==========
Here are two more examples of good
men prosecuted to the fullest extent of creative law:
Walter Burien
had his 5 year old son kidnapped by police in 2005, and to this day has
not seen his son. He is asking, no, challenging, any righteous FBI
agent or US Attorney to come to his aid in his case.
http://cafr1.com/Plea.html
Walter
writes: I just launched my new video "The Only Game in Town - The Way
Our Government Can Be" as a $3 click per view for a 24-hour pass http://CAFR1.com/BuyNow.html
It hits the nail on the head and shows the comprehension on how
all taxation can be phased out. Not reduced but eliminated and have a
thriving economy to boot!
==========
Martin Armstrong was
put in prison and now writes one of the best financial newsletters
exposing corruption in the business--still writing from
prison.
http://www.martinarmstrong.org/economic_projections.htm
His
latest letter, Behind the
Curtain - The Full Monty
starts off explaining the
corruption of the CFTC.
==========
It's all so utterly
typical. The government always does the opposite of the intended, or
proposed effect.
Government healthcare will destroy
healthcare.
Government welfare creates generations of people
addicted to welfare.
Government bail outs for big banks encourages
bankrupt behavior of leaders of big banks.
Making war on people all
over the world makes the US less safe as it increases
retaliation called blowback.
Someone should come up with
a "strengthen the dollar" bill in congress that mandates the US government
pay for everything only in silver or gold coin. Why?
Obviously, it would reveal the fraud of the dollar, and destroy
it!
So, the CFTC is supposed to regulate markets to make sure they
are fair? No. The CFTC guarantees the markets remain unfair,
that the government granted monopoly of printing paper money is
protected.
Again, if you write to say you disagree with me, please
have the courtesy to say WHY. And by WHY, I don't mean to suggest
that you simply state that you believe I'm a pompous fool. No,
please suggest to me how the CFTC would actually be able to detect, catch,
and prosecute dummy corporations set up by JP Morgan, in the event that
position limits are ever applied to the short sellers. Simply saying
that you think I'm a pompous fool, does not count as a
reason why you disagree with
me.
==========
Don't forget to register for the
Phoenix show, Feb 4-5th, while you still can!
ENTER PROMO
CODE: SSR
=========
I strongly advise you to get
real gold and silver, at anywhere near today's prices,
while you still can.
Price Board:
http://jhmint.com/cgi-bin/ssrbidask
Our
Coin Shops are open 10AM to 5PM Pacific, Monday to Friday
100 oz.
silver minimum, USA shipping, wire transfer only!
Janelle (530)
913 0553 silver_support1@vzw.blackberry.net
JH MINT & Coin Shop, Grass Valley, CA
(530)
273-8175
http://www.jhmint.com/
Rocklin Coin Shop, CA, 15 min north of
Sacramento
http://rocklincoinshop.com/
Or visit www.momsilvershop.com
(Mom will
ship in lots of more or less than 100 ounces of silver, and
overseas, and take credit cards or pay pal.)
Jason Hommel
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