Chinese To Pull Rug Out from Under HeeBrewed Federal Reserve Counterfeiters By Switching to Silver?

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I guess with two trillion

Submitted by Chain on Wed, 09/12/2009 - 07:06.

Chain's picture
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I guess with two trillion Hebrewed-up greenbacks in your vaults (or any portion thereof) you can put them to good use before they disintegrate by going pretty long on silver.

JP Morgan is no ordinary bank because they are also the LARGEST derivative holder in the WORLD at $79.9 TRILLION! Do remember Warren Buffett calling derivatives “Weapons of Mass Financial Destruction”? Well, JP Morgan holds the mother load when it comes to silver too with $3.5 BILLION of Silver Derivatives expiring in less than 1 year! (OCC Report table 9: Classified as “PREC METALS”… might be a little platinum but not much).
http://news.silverseek.com/SilverSeek/1259956195.php
http://www.stockhouse.com/Community-News/2009/Nov/27/Precious-metals-bull-market...