A bit of coarse language.
An unfortunate commercial at the very end.
But a very good, succinct analysis of allegations that JP Morgan’s manipulation of the silver commodity market may not only destroy JP Morgan Chase, but might even collapse the US and/or global economies.
Ohh, and the video includes some speculation that the price of silver might rise from its current $30/ounce to a $80/ounce. Maybe more.
See also a quote from John Maynard Keynes:
“A sentiment of trust in the legal money of the State is so deeply implanted in the citizens of all countries that they cannot but believe that some day this money must recover a part at least of its former value. To their minds it appears that value is inherent in money as such, and they do not apprehend that the real wealth, which this money might have stood for, has been dissipated once and for all.
This sentiment is supported by the various legal regulations with which the Governments endeavor to control internal prices, and so to preserve some purchasing power for their legal tender. Thus the force of law preserves a measure of immediate purchasing power over some commodities and the force of sentiment and custom maintains, especially amongst
peasants, a willingness to hoard paper which is really worthless…
If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.”
John Maynard Keynes, Economic Consequences of the Peace, NY, 1920, p. 239-40