The race to the bottom is imposed on us by banksters – Mike Scilingo

On May 2, 2011 JP Morgan was short 200 million ounces of silver so the Chicago Mercantile Exchange notified all holders in silver paper contracts that their position limits were changing say in this example from $11,000 to $21,000 and if they wanted to hold that silver contract they would have to send in another $10,000. You see they changed the rules. Actually they changed the rules 5 times in the two weeks prior increasing the margin requirements.

Those who bought paper contracts for silver thought they had silver but they didn’t. If they couldn’t come up with more money their position was sold and the paper money they spent was gone! They were left with nothing. They were nothing more than a position on a chart!

Suddenly JP Morgan Chase who was short pocked up 38 million ounces of silver on the cheap from those who sold their silver along with another 34 million ounces that appeared. It’s all manipulation against speculation.

Silver will go up because economic policy hasn’t changed since Jimmy Carter signed Airline deregulation. If Congress would cut the corruption from the budget and start paying off the national debt the Federal Reserve could stop lending money to the congress and congress would start living within its means that would be a fundamental change. Silver and gold would then stabilize. Add to that a plan to strengthen the dollar.

So what to do? Cut the endless wars, bring our troops home. Force the rich to pay their share of their taxes, etc. and in addition rebuild the middle class. Start paying blue collar jobs from $33 to $47per hour. Millions of good paying jobs are needed starting with non-college blue collar union jobs. If you think that’s too much money to pay talk to Ben Bernanke because the banksters set the cost of living not the workers. Yes silver and the metals will continue to go up because of the failed economic policies of government. There are too many regulations on business not enough regulations on imports.

Why you may ask have the politicians done this to us? These things are necessary to destroy freedom and liberty and to establish a police state.

This is why you should always take physical possession of silver and gold, those who had lost nothing and are doing fine. Those who have possession practice protectionism; it’s a good word a word that the corporations use for their own good but a word that should never be used for your benefit.

The game put against us goes something like this. If a nation wants to borrow from the bankers the IMF looks at taxes brought in and the money spent out of the government. This is called the debt to income ratio. When the nation comes back to the banksters to borrow more this time with a bad enough credit rating the IMF begins the next step by charging large interest rates and drops the austerity bomb when the nation can’t pay back as the country is told it then must transfer its natural wealth and there by is divested of its gold and is replaced with crushing debt.