Wednesday, June 29, 2011

Boring. Need Benny to get things going here!

So it looks as though the Master is keeping the comex inventories afloat with the transfer of SLV/GLD certificates. This should be of no surprise to anyone. This defacto default has been sustained with said certificates to begin with. So as of now my call for a complete wipeout of comex inventory around July 7th looks a little off right now, as the paper is flooding the comex and settling that way. Thats okay. This too will blow up.

On to more important things then the comex. Greece. Now I dont want to regurgitate the obvious here as many of you already know what happened. The fact of the matter is that the can was kicked for Greece, BUT Italy, Ireland, Spain, and several others are now approaching their can again...its within striking distance.

The can will be visible again around August, and thats when the fun and games will start again with silver and gold.

I bought more PHYZZ today. My new saying, and should be yours too, is "A tube a day keeps the doctor away." Now many of you cant afford to buy a tube a day, thats fine. But if you have not been averaging at these prices a tube every 2 weeks, you are in grave danger.

I have taken the week off the trading desk, as their is really nothing to trade other than thin air, some algos and bots, and bad charts. Sometimes the best trade is not one taken at all.

I would now like to take the opportunity and ask if you see anything wrong with this. Click here...

Moodys is a joke. Its part of the round circle ponzi. How the FUCK can you only lower US debt to Aa if they default??!! Case closed.

Keep stacking the phyzz. Thank me lots.
I will try to answer questions tonight.

Also, I am in talks of switching the blog over to my old .com website in which we will be able to better moderate trolls, chat, and topics and forums etc. I feel there is way too much talent and knowledge here to be buried in the comment sections here.

More to come later. Stack it high! (and hide it well).


  1. You're usually right but I disagree with buying any phyzz on a day it's up 3%. I bought last week when it was *down* 3%.

  2. I buy 9 red days one green day. If that was the double bottom we may never see it again. Or we will be buying more red days wont we!

  3. Silver is creating one hell of a wedge. Whichever way it breaks will have lots of momentum behind it. Right now, I could go either way.

  4. I still think were gonna see a drop into the high $20's just before Ben hits print again. I did happen to get a very good deal on 20 oz of silver rounds from a guy on craigslist here in the Bay Area, Cali yesterday. He wanted $800 for some eagles, but the way the market looked, I convinced him do do it for $700 and that the price would only continue to plunge. It was a mixed lot, but there were 2 BU 1996 Eagles in the stack, which as some know are THE DATE for collectors, which im not, so I flipped those for $65 each at the coin shop down the street from me. Then I bought 3 more random eagles @ $37/ea and went and got some food for the night on the rest of the fiat.

    Lets hope there is one more major drop before we all go sky high on the white stuff.

  5. A couple of really good articles, my comrades!

    According to the CME the average daily volume of Silver futures and options in the month of May was 117,196 contracts and 13,786 contracts respectively or 655M ounces of paper silver traded per day. There were 22 trading days in the month which puts the total amount of paper silver traded on the COMEX in May at 14.4 BILLION ounces (14,408,020,000 to be exact).

    And our favorite zombie:

    Total net derivative exposure rated below BBB on JP Morgan’s $90,000,000,000,000 ($90 trillion) books currently stands at 35.4% – MUCH WORSE than Bear Stearns and Lehman‘s derivative portfolio just prior to their CRASH. JPM’s IMPLOSION will be 1000 X’s bigger than Enron!

    Now, that I am not a well versed as some people, but, perhaps JPM doesn't give a shit about thier silver shorts because they know that they are going down and will be bailed out

  6. Here are Greece's austerity measures, holy keyrap. And to think they get to do this again next year, and in 2013, 2014, 2015. 10 of the most onerous:

    > Taxes will increase by 2.32 billion euros this year and 3.38 billion, 152 million and 699 million in the three subsequent years. There will be higher property taxes and an increase in the value-added tax (VAT) from 19 percent to 23 percent.
    > Luxury levies will be introduced on yachts, pools and cars and there will be special levies on profitable firms, high-value properties and people with high incomes.
    > Excise taxes on fuel, cigarettes and alcohol will rise by one-third.
    > Public sector wages will be cut by 15 percent.
    > Defense spending will be cut by 200 million euros in 2012 and 333 million each year from 2013 to 2015.
    > Education spending will be cut by closing or merging 1,976 schools.
    > Social Security will be cut by 1.09 billion euros this year, 1.28 billion in 2012, 1.03 billion in 2013, 1.01 billion in 2014 and 700 million in 2015. There also will be means testing, and the statutory retirement age will be raised to 65 from 61.
    > The government will privatize a number of its enterprises, including the OPAP gambling monopoly, the Hellenic Postbank, several port operations, Hellenic Telecom and will sell its stake in Athens Water, Hellenic Petroleum, PPC electric utility and lender ATEank, as well as ports, airports, motorway concessions, state land and mining rights.
    > Only one in 10 civil servants retiring this year will be replaced and one in five in coming years.
    > Health spending will be cut by 310 million euros this year and 1.81 billion euros from 2012 to 2015.

  7. Fucking awesome!

    Posted over at

    Saturday, 19 September 2009 22:46 posted by zack

    JPM is the death star of the NY Fed. The NY Fed is really the "brains" of the Fed (they only have branches to make it like a "distributed system" versus a central bank of the US). Based on the "business plan" of this crisis is it more likely that they get bigger or smaller?

    relevant quote:
    Public opinion has been misled. The US government is in a sense financing its own indebtedness: the money granted to the banks is in part financed by borrowing from the banks.
    The banks lend money to the government and with the money they lend to the government, the Treasury finances the bailout. In turn, the banks impose conditionalities on the management of the US public debt. They dictate how the money should be spent. They impose "fiscal responsibility"; they dictate massive cuts in social expenditures which result in the collapse and/or privatization of public services. They impose the privatization of urban infrastructure, roads, sewer and water systems, public recreational areas, everything is up for privatization.
    The recipient banks are the beneficiaries as well as the creditors. As creditors, they will oblige the government a) to slash expenditures b) to run up the public debt through the issuing of treasury bills and government bonds.

    By the way, this "control by indebtedness" is an old school Business plan (read World Bank/Chase Bank and most of the world).

    relevant video: Watch from TIME 825-1320 in this video: highlights Our job was to convince other countries to take huge loans,say Ecuador to take huge loans of $1 Billion, to build infrastructure, which would only serve the wealthiest people... A few of their people would get really wealth as would ours, but they are stuck with this huge debt. Eventually, they would have to spend 50% of their budget for debt service. We then tell Ecuador since you can't pay off your loans, we need you to...[watch for more]

    There's the play book folks. Just like Chase (ie World Bank) - woops now JP Morgan - helped dominate via debt outside the US, isn't it likely they are doing this now inside the US?... they really cranked up our debt in the last while!

    So the plan here is to allow these banks to get bigger, not smaller via this fiasco. Oh sure, there will be some pain along the way because they really f'd up and they have to show they have skin in the game. However, betting against JPM is probably the stupidest move one could make.

    Just wait for bits and pieces of this country are privatized in a desperate attempt to appease the beast. I hear water is the "en vogue" public resource that the creditors like to collect on these days..

  8. @malcolm

    Have you read John Perkins book? It's a wonderfully scary read.

  9. No, but I have listened to his interviews. If more ppl knew how corrupt the "system" was, they would...

  10. SGS et al...

    I'm sure this is preaching to the choir, but it's still an excellent article if any of you still have people you're trying to convince to start trading in those zombie FRN's for silver and gold.

    Good stuff...

  11. SGS - Blogger blows. Not to mention Google is f'in everywhere. Get yourself a Wordpress install on an independent host, preferably overseas. Not, but your own install ( You'll be free to do whatever the hell you want. The only downside is that you'll need to have a good idea of how it all works.

    As for stacking PHYZZ, I've been stacking jacketed lead projectiles (LEADZZ) lately instead, along with EATZZ and DRINKZZ. Next big purchase is a Benelli or Mini14 or M1A or all of the above.

  12. any of you into adam curtis, he hit another HR with this one THE TRAP ... he made "power of nightmares, "the century of self," etc ...

    I will go on record tho as saying he is an Israeli gatekeeper, never mentions them in regards to 9/11; and then makes farcical ref. that Muslims did the Tube Bombings in THE TRAP...

    that caveat, the first two in this 3 part series are awesome, the closing act gets really good when it talks of Russia's banking probs of the late 90s and people not being able to get their $$$ out of their accounts--hmm, sound like a harbinger???

    enjoy, this one will make you think and then some! you can DL these too, awesome site if you are not acquainted!

  13. Redtail..

    HK MP5K! I thinking of buying the kit. Not sure what to do about the receiver.

  14. "Confessions Of An Economic Hitman" was a very good read.

    I highly recommend it.

    After you are done reading it, go to and discover REAL TRUE ECONOMICS of liberty.

  15. SGS,

    "But if you have not been averaging at these prices a tube every 2 weeks, you are in grave danger."

    Why do you say that dude? Grave danger of what? Surely when this all blows up and phyzz goes to $500+/oz it will massively benefit even those of us who could only scrape together a couple of hundred ounces?

  16. Dear SGS

    Here is a speech well worth everyone's time


    If you've ever wondered why we can bail out banks and fight expensive wars but cannot fund services create real jobs and throw people out of their homes

  17. malcolm

    Yes the Banks etc are after the worlds water, they are not only in Iraq for Oil, they are after the Tigris and Euphrates rivers to levy $$ to refresh the middle east and now in Libya for the Great Manmade River complex

  18. Great Manmade River complex, see:

  19. I highly recommend the Blowback series by Chalmers Johnson. The first two were right on the money like a fortune teller and the third one takes us through today and the near future, The fourth one is the future. He was able to predict the raise and fall of the American empire. Here is a description from Wikipedia. Chalmers passed away only last November.

    Blowback: The Costs and Consequences of American Empire

    Chalmers Johnson summarized the intent of Blowback in the final chapter of Nemesis.

    "In Blowback, I set out to explain why we are hated around the world. The concept "blowback" does not just mean retaliation for things our government has done to and in foreign countries. It refers to retaliation for the numerous illegal operations we have carried out abroad that were kept totally secret from the American public. This means that when the retaliation comes -- as it did so spectacularly on September 11, 2001 -- the American public is unable to put the events in context. So they tend to support acts intended to lash out against the perpetrators, thereby most commonly preparing the ground for yet another cycle of blowback. In the first book in this trilogy, I tried to provide some of the historical background for understanding the dilemmas we as a nation confront today, although I focused more on Asia -- the area of my academic training -- than on the Middle East."[9]

    The Sorrows of Empire: Militarism, Secrecy, and the End of the Republic

    Chalmers Johnson summarizes the intent of The Sorrows of Empire in the final chapter of Nemesis.

    "The Sorrows of Empire was written during the American preparations for and launching of the invasions and occupations of Afghanistan and Iraq. I began to study our continuous military buildup since World War II and the 737 military bases we currently maintain in other people's countries. This empire of bases is the concrete manifestation of our global hegemony, and many of the blowback-inducing wars we have conducted had as their true purpose the sustaining and expanding of this network. We do not think of these overseas deployments as a form of empire; in fact, most Americans do not give them any thought at all until something truly shocking, such as the treatment of prisoners at Guantanamo Bay, brings them to our attention. But the people living next door to these bases and dealing with the swaggering soldiers who brawl and sometimes rape their women certainly think of them as imperial enclaves, just as the people of ancient Iberia or nineteenth-century India knew that they were victims of foreign colonization."[9]

    Nemesis: The Last Days of the American Republic

    Chalmers Johnson summarizes the intent of the book Nemesis.

    “In Nemesis, I have tried to present historical, political, economic, and philosophical evidence of where our current behavior is likely to lead. Specifically, I believe that to maintain our empire abroad requires resources and commitments that will inevitably undercut our domestic democracy and in the end produce a military dictatorship or its civilian equivalent. The founders of our nation understood this well and tried to create a form of government – a republic – that would prevent this from occurring. But the combination of huge standing armies, almost continuous wars, military Keynesianism, and ruinous military expenses have destroyed our republican structure in favor of an imperial presidency. We are on the cusp of losing our democracy for the sake of keeping our empire. Once a nation is started down that path, the dynamics that apply to all empires come into play – isolation, overstretch, the uniting of forces opposed to imperialism, and bankruptcy. Nemesis stalks our life as a free nation.”[9]

    Dismantling the Empire: America's Last Best Hope

    Johnson outlines how the United States can reverse American hegemony.

  20. Kilgore: what are your thoughts on Libya's gold? I can't remember if what they supposedly have is either $150 Million or $150 billion. Also, they we're looking to trade in something other than U.S. Dollars. CAN'T LET THAT HAPPEN!

  21. And they don't subscribe to the Western banker model, meaning interest free loans and the were going to start a gold back North African currency, in addition to all the other resources and motives.