Submitted by: Francis Soyer 5/10/11
I came across this article by Theodore Butler regarding last weeks 84% margin hike on silver by the CME a blatant smash and grab technique of magnitude not seen since the Hunt Brothers tried taking on the CME and got their asses handed to them.
"But this week’s intentional price smash in silver brings us to a critical junction. No, I am not worried about the price of silver in the long term, as the realities of the supply and demand factors are stronger than any manipulation. What I am concerned about are the principles of market integrity and the rule of law. In those terms, what happened this week is the worst thing possible. The public has warned the Commission to no end about wrongdoing in the silver market, only to see that wrongdoing blatantly displayed again. There are many legitimate questions about what actually took place, such as the ones I have listed above."
Here is a link to the original article: http://news.silverseek.com/SilverSeek/1304873055.php
My response to his remarks about being concerned about the rule of LAW and the enforcement of it is this.
The rule of law is in this country is Broken and badly so. There are two laws that exist, the first is that the monopolistic corporations and other corporate interests that recently the Supreme Court ruled must be treated the same as an individual and their respective rights as outlined in the Constitution and then the people and their rights. And the latter of the set of rights the Governement and its enforcement institutions could give two shits their rites. They serve the first set and only them and blatantly so.
The second part of the response would be to say that the Rule of Law does not apply to those who have power either by electoral process or appointment with or without consent of the population. The Iraqi invastion and war, Afghanistan, General Eclectric paying no taxes, no prosecutions for the massive mortgage fraud, a private bank that has complete autonomy from Governemental oversight, Guantonomo bay, The Patriot Act, If you need more examples of why this statement is Truth I suggest you go back and start with Richard Nixon and his pardon given via Jerald Ford. From then on the pattern is clear that there are two sets of laws. One is completely disregarded by those who have money, power and are intertwined with Governmental systems via corporate activity. The other is the LAW of the population that will be wielded by Governments to suppress and maintain a docile population to discourage revolt so that it can maintain its position of control and enforce its power by the fleecing of that population by supporting the corporate interest and taxation.
That said a better way to summarize came from a man named Martin Armstrong.
"It is normal for history to be generally ignored.This has been so because mankind is just arrogant, and most certainly stupid enough to believe that somehow we are more sophisticated today than our ancestors ever were centuries ago, so history offers nothing. It was Machiavelli who had the insightful talent to see why history repeats. He summed up the problem better than anyone else. He said history repeats because man never changes with time. So the greed for power always unfolds with the same result. Those who seize power directly or indirectly, refuse to see the consequences of their self-interests."
"Praetor’s Edict. He promoted this as official civil law for Roman citizens. Law had fallen into the grips of practice so that when people stood in a court, there was no real law, but DISCRETION of the Praetor. Thus, Hadrian realized that the corruption was always a cancer that feeds on the people and the only way to protect the economy is to keep a watchful eye over the Judiciary. For once the courts become corrupt, as we have again today; the economy suffers for CAPITAL is no longer safe. How can money be invested when the Rule of Law is nothing more than the DISCRETION of the judge?
Today’s battle that rages over the Supreme Court is all over “discretion” to change whether or not abortion is legal. In this current budget crisis, again it is social politics dominating fiscal responsibility for the Republicans want to shut down Planned Parenthood because of abortion, not to balance the budget. This proves the point that LAW is nothing more than DISCRETION of the judge; hence the battle over the Supreme Court. It is not really what the law IS, but what one judge IS WILLING to say it is over another. In this legal atmosphere, capital is NOT safe! Judges are not there to defend us or the Constitution, but whatever agenda that the political party might be who appointed them. In times of economic distress as we currently face, we are in serious trouble. The courts no longer provide a check and balance against the Executive or Legislative branches. The entire tripartite form of government has been usurped by politics. This is a CRITICAL prerequisite to the economic collapse. Once capital is no longer truly safe, it migrates and investment that creates economic growth declines as capital is driven to speculation and self-preservation."
Given that Capital is no longer safe what is one to do to survive? Well... they could buy Silver Futures contracts to gain and preserve wealth for the coming storm. Doing this is very dangerous in that the CME is a lawless institution and if you think your financial interests are what they are trying to protect you are in for a big surprise when they default, write your account to zero because they can, basically do whatever the hell they want when it suites them. Trading with them you are literally taking your life putting it into their hands and they will take it when it suites them I guarantee it!
The only way to operate outside this lawless system is to have silver in your hand. Not at a Bank, Not at some bullshit brokerage holding house, not with a SLV etf. It needs to be in your hands in your home, in a safe. This is the "store of value" you need to self preserve your wealth. The only other option is PSLV or a physical silver etf. but even then our government could just say as a matter of national security imports or cross border transactions of Silver are banned and you are fucked again. So in hand is the only option I can see rite now.
In answer to your query, what will Gensler do to remedy this situation? The answer is Absolutely Nothing and that is another guarantee I will stand behind. Peace and Adonai
