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   POLITICS      Political Discussions      39,875 messages   

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   Message 39,678 of 39,875   
   Joseph Pereira to All   
   The silver drop was no coincidence   
   03 Feb 26 06:13:45   
   
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   The enormous silver drop last Friday was no coincidence. It was a massive scam   
   by the banks and silver exchanges.   
      
   The reason they had to intervene?   
      
   Several large banks, in particular, had a substantial short position in the   
   paper silver market and were literally facing tens of billions in losses. That   
   would have jeopardized the very existence of those banks (including JPMorgan).   
   Think of a 2008 scenario.   
      
   They couldn't let that happen.   
      
   So, just before the futures contracts expired, they crashed the silver price.   
   They did this by creating additional supply AND literally closing the   
   exchanges. For example, the London metals exchange closed last Friday.   
   Supposedly due to a technical problem. What a coincidence! At that moment, the   
   HSBC system also went offline. At the same time, the margin on leveraged   
   products was increased in Chicago. What a coincidence that all of this   
   happened simultaneously!   
      
   So there was supply, but no one to buy it. So the prices crashed. This had   
   nothing to do with trading. It's simply fraud on a massive scale.   
      
   This whole situation clearly demonstrates that trading is fine, as long as the   
   banks make money. Just as we see the survival of the fittest everywhere in   
   politics, it's now the same in trading. The rules apply to everyone except the   
   few most powerful banks in the market. They make their own rules, as they see   
   fit. That's what happened!   
      
      
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