Category Archives: Bix Weir/Road to Roota
I personally think silver is a good investment but not so much on gold.
$8,250/oz Silver and ONE BANK!
The silver markets are rigged. Every day. Every trade. Every option. Every derivative. The silver markets have been rigged since the early 1970’s when Alan Greenspan introduced computer market trading systems to the world beginning the long term commodity market rigging operation.
Since that time there has not been a day when the silver markets have been “freely traded”. Nobody, and I mean NOBODY, knows the true “Fair Market Value” of silver!
But like all price suppression schemes, the silver manipulation must come to an end and we are on the brink of that moment. The only remaining question should be “What is the true value of silver in terms of money?”
First a little background to set the stage.
Computer Commodity Trading
Beginning in the early 1970’s, computers were introduced to control the order flow in financial markets. Order processing was drastically changed with the New York Stock Exchange’s “designated order turnaround” system (DOT, and later SuperDOT) which routed orders electronically to the proper trading post to be executed manually, and the “opening automated reporting system” (OARS) which aided the specialist in determining the market clearing opening price (SOR; Smart Order Routing).
Today we have algorithmic trading, auto trading, algo trading, black-box trading, robo trading…and the list goes on. Algorithmic Trading is widely used by pension funds, mutual funds, and other buy side institutional traders, to divide large trades into several smaller trades in order to manage market impact, and risk. Sell side traders, such as market makers and hedge funds, claim to provide “liquidity to the market”, generating and executing orders automatically. In “high frequency trading” (HFT) computers make the decision to initiate orders based on information that is received electronically, before human traders are even aware of the information.
Over the years computers have played an increasingly important role in everything related to our “free and open market system” such that today’s financial markets CANNOT function without computers. The Federal Reserve, US Treasury, Wall Street insiders and the Exchanges were all instrumental in the integration of computers but they also gained access to secret trading information before the order hit the open market. This information coupled with the fastest computers on earth made market manipulation easy.
This power, the power to control markets, was too much for anyone to resist. Over time those who were given the official key to the back office operations have used and abused their position to its manipulative fullest. Although some of the time they used this power in an official capacity (for the good of the country), more often than not it was used in an unofficial capacity… for the good of themselves.
Bernie Madoff, the ex-head of the NASAQ, was a great example of this public to private transition as his private trading firm was all computer algorithm based market rigging operations. There are many other ex-Exchange/Wall Street officers that went on to open computer trading operations. Many continue to thrive such as EWT, LLC which became a dominant trading/market making firm using “state-of-the-art technology and algorithmic models”. EWT was founded by Vincent Viola (ex NYMEX Chairman) and David Salomon (reported to Robert Ruben at Goldman Sachs) and are also an “Authorized Participant” in the iShares Silver ETF (SLV).
Are you beginning to see the problem? He who has the biggest, fastest and smartest computers (or programmers) can set the price and will ALWAYS WIN! No longer is there any kind of true supply/demand factors related to commodity exchanges or prices. Computer trading should be outlawed…the convenience and efficiency it provides does not offset the detrimental effects and potential for total and complete market manipulation.
CFTC Created to Cover Up the Manipulation
When the computer rigging programs were implemented there needed to be some kind of cover to ensure secrecy and maintain a false confidence in free markets. In 1974 Congress passed the Commodity Futures Trading Commission Act that overhauled the Commodity Exchange Act and created the CFTC as an independent agency with powers greater than those of its predecessor agency, the Commodity Exchange Authority.
From that moment the CFTC has been run by board appointees that showcased a revolving door of Wall Street insiders ensuring that the computer market rigging operations were not interfered with. The only notable exception is Brooksley Born who was fired by President Clinton when she found out the truth about our supposed “free markets” and tried to warn everyone. (see The Warning)
Listen to Brooksley Born explain the problems in her own words when she accepted her JFK Profiles in Courage Award in August 2009.
A while back I gave up my fight against the CFTC as I determined that they were NOT protecting the best interest of the investor but rather they were protecting the computer market rigging operations and the people involved. Here is one of my last articles on the subject:
Road to Roota III — Who’s the little man behind the curtain?
Now that you have some background let’s get back to $8,250 Silver!
Historically, when any price rigging operation stops the violence of the ensuing price changes are determined by the length and scale of the manipulation as well as the underlying fundamentals of the item being rigged. Take for example the famous 1980’s case of the Hunt brothers trying to corner the silver market. From early 1974 the Hunt brothers started accumulating silver which ultimately drove the price from $6/oz to $50/oz until January 21, 1980 when the CFTC finally pulled the plug on their operation. Within 2 months the price of silver plummeted from $50/oz to $10/oz and the silver price was back under control of the US Government and Banking Cabal. An excellent account of what transpired can be found here:
This account shows what can happen to the price of a manipulated commodity when the price manipulation is ended. In the case of the Hunt Brothers the manipulation lasted 6 years and involved approximately 130M oz of physical silver and 90M oz of COMEX silver contracts. This was an attempt at a Long Silver price manipulation but it was going on while the Short Silver Official manipulation was going on trying to keep the price down. The only way the Hunt’s accumulated so much silver without the price heading into the many thousands of dollars was the official computer price suppression operation.
The manipulation was ended when the CFTC stopped all COMEX Silver purchases and allowed only silver liquidation sales instantly driving the price down. In 1980 the US Government held 3B oz of silver and in order to maintain the lower silver price levels they sold the entire stock of silver into the market over the next 25 years. That excess supply combined with other governments divesting their silver was enough to continue the price suppression scheme for almost 40 years. That supply is now gone.
One Bank has the Hot Potato
So here we are 40 years after the official manipulation of silver began and the world is finally awakening to the situation. The CFTC, having investigated silver manipulation allegations twice previously, has had an open investigation into silver market manipulation for over 3 years. They have even stated that the investigation was moved to the “Enforcement Division” within the CFTC which pretty much tells you what the conclusion of the investigation revealed. The FBI has separately stated that they are investigating JP Morgan for silver market manipulation.
These two facts and the absolute SILENCE from JP Morgan were strong indicators that the long term manipulation of silver was about to end but on April 5, 2012 JP Morgan broke their silence about silver manipulation. The “Wicked Witch” of silver, Blythe Masters, (the head of JPM Commodities and the creator of the mammoth Credit Default Swaps complex) came on a scripted CNBC interview and denied that JP Morgan manipulates the silver price.
JPMorgan Not Speculating on Commodities: Blythe Masters
Of course she is lying through her teeth when she claims that JP Morgan only has neutral positions. The obvious “tell” is that JPM booked almost $3 BILLION in revenue from their commodities division in 2011! Either they have the highest commission structure in human history or she is LYING THROUGH HER TEETH! As a matter of fact, Blythe’s boss Jamie Dimon recently claimed that they need to get rid of the Volcker Rule so they can continue to offer their customers THE LOWEST prices possible…
Dimon on Price Wars, Volcker Rule, Stock Prices
Here’s the specific quote just over 2:00 into the piece: “When the client calls up JP Morgan, if we don’t give them the best price then we don’t get the business.”
So tell me Blythe…how did you make $3B off your commodity clients by offering them “the best price” and NOT trading for your own book?!
Looks like Blythe has cracked the age old secret for turning lead into gold…PILE ON THE PAPER DERIVATIVES!
*The REASON that Blythe gave this article is that they are about to be BUSTED for silver market manipulation and she is trying to start the defense early…nice try Blythe but you are about to be MELTED!
Ted Butler of Butler Research has been exposing the official manipulation of Silver for the past 25 years. His research was instrumental in exposing the gold/silver leasing operations and the massive concentrated short positions in both gold and silver. On September 3, 2008 Butler published a report entitled Fact Versus Speculation where he showed how one bank, JP Morgan Chase, took over the Bear Stearns Silver COMEX Short position of 30,000 contracts or 150M oz.
Since this report was published JP Morgan has continued its silver market rigging antics in an effort to get out of this precarious short position. After Butler exposed JPM as the culprit there have been wild orchestrated swings in the price of silver as JPM attempts to cover their massive COMEX short position. The price of silver has risen from $13 to currently over $30 in this time frame and the size of the short position held by JP Morgan has gyrated wildly between 30k and 40k contracts as they desperately try to shake the longs to cover their shorts. But even with this rise in price the short position is STILL around 20k contracts according to the CFTC’s latest Bank Participation Report.
Add to this various silver market manipulation tools such as naked shorting silver ETF’s, falsifying COMEX warehouse data, unallocated silver, leasing and swapping metal and you have a situation that dwarfs the Hunt brothers case.
Of course, JP Morgan is no ordinary bank because they are also the LARGEST derivative holder in the WORLD at over $75 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 over $19 BILLION of Silver derivative contracts!
(OCC Report table 9: Classified as “PREC METALS”… might be a little platinum but not much).
This report was for the quarter ending September 2011 when the price of silver was slammed down to $30 from $42/oz at the beginning of Sept. Interesting: Had silver NOT been slammed down almost 30% in Sept 2011 then JPM would have had to declare silver derivative of close to $25B instead of just $19B. Talk about “painting the tape”!
At $30/oz silver the JPM $19B silver derivative position is representative of over 630M ounces of paper silver.
COME ON PEOPLE! I’m starting to think my $8,250/oz silver call is too conservative!
What’s going to happen when JP Morgan’s derivative monument comes crashing down?
Here’s where I get to $8,250 per oz for silver.
1) I know silver has not been freely traded in 40 years so today’s price if irrelevant.
2) I, like many, estimate there is only about 1B ounces in above ground physical silver for investment purposes.
3) I, like many, estimate there is only 5B ounces of above ground physical gold for investment purposes.
4) If the price of gold is not manipulated, like the banks claim, then the price of silver should be 5x the price of gold due to its supply/demand fundamentals.
CONCLUSION: The price of gold is around $1,650/oz so the true Fair Market Value of Silver should be around 5x the price of gold or $8,250/oz in a FREE market!
It’s simple, if you remove ONE BANK from the supply side of the equation the price of silver will SKYROCKET overnight.
ONE BANK controls the price of silver.
ONE BANK controls the fate of our monetary system.
ONE BANK is behind the curtain pulling the silver manipulation levers.
ONE BANK has control over a nation that was founded by “We the People”.
ONE BANK MUST GO AWAY TO SAVE OUR LIBERTY!
May the Road you choose be the Right Road.
Bix Weir www.RoadtoRoota.com
Hello Friends: Bix is one of many places I go to keep on top of the events at hand. His subscription is spendy for some but he has a free email that goes out about daily with overviews. In this particular email, he includes a link I highlighted below that is worth investigating. This is the stuff he puts behind the subscriptions and it is free in this email so take advantage of it. Again, I am not saying I take it all as gospel but there are many morsals in this one that I can confirm. Look for the link below and have fun gang….
ANSWER: YES. Everyday and every trade the silver market is “controlled” and has been for at least the last 40 years. NOBODY knows the true Fair Market Value of silver anymore so all prices for silver are currently irrelevant.
QUESTION #2: How is it done?
ANSWER: The silver market rigging is accomplished by running computer market trading programs to “steer” the price of silver up and down flushing out weak hands on the price slams and covering short positions that were previously put in place to cap the rising price. These silver “trades” have little to do with physical silver but everything to do with paper derivatives of silver. There is no floor or limit to where “the controllers” can place the price of silver.
QUESTION #3: Why are they doing it?
http://www.roadtoroota.com/public/190.cfm Be sure to look and read all the links and videos here
In this article, you will see the new money was printed back in 2009. I actually got to see one of these back in November of 2009 from my mentor. He had explained as Bix does here what each element means. I think it took a little longer to implement than my mentor (God rest his soul) thought it would. If I remember correctly, we would not be totally on a Gold Standard with this bill and that is why it is 1/2 new and 1/2 old. I think we can see that unfolding in front of our eyes. I was reading an article the other day and I am not sure if I posted it here or not but some countries are not excepting our current new bills we use today – just the older ones as payment. I will have to look for that article. This new bill will be the compromise with the agreements behind it. Oh, I also saw an article yesterday of a proposal for all new bills and Obama is on the new $1 bills – guess we wait and see. This is exactly where the two sides are differing right now in our financial system and those two sides again if you are new to my sight is the royal family and its members that control the money system. Rothschilds do not control it – even they are puppets.
The Hidden Meanings in the New $100 Bill!
First of all, I must admit that I am one of those “Conspiracy Nuts” who loves to read meaning into the back of the US $1 bill like I’m trying to solve a centuries old puzzle. The “All Seeing Eye”, the pyramid, “One World Government”, Masonic symbols, the implications of the Latin words, even the words “In God We Trust” added in 1955…all of it…I’m a big fan of secret meaning. Just Google “US Dollar Hidden Meaning” and you will find almost EVERY INTERPRETATION you can imagine. Since I don’t know which is true…I tend to believe ALL OF THEM. More fun that way. If you think this is all hogwash and there is no meaning to the back of the $1 bill…”Duh, it’s just a nice picture”…then this article is not for you.
So, of course, I was more than excited when the new $100 bill was FINALLY announced and IT HAD ALL THAT GOLD ON IT!
I admit that I am slightly biased on this. One of the central themes of my work at the Road to Roota Letters is that there is a group of people working to end the fiat money system and return the US back to the Gold Standard. For those unfamiliar with the concept read:
The Road to Roota Theory http://www.roadtoroota.com/public/190.cfm
A subscriber tipped me off years ago that the new $100 bill would be “special” when it finally got released and he wasn’t lying. I LOVE this bill! Check out how it turns gold in the light…
Ok. So it may be a coincidence and I may have an over active imagination but bear with me while we explore further. Take a real close look at the new bill keeping in mind that the US has a special history of hidden meaning behind their bills and there’s a real possibility of a currency crash (with a return to the Gold Standard) in the very near future.
Let’s start with the most glaring difference even from the other new colored bills: that huge Blue Stripe down the right center. For those not familiar with the symbolism of the American flag colors: Red symbolizes Hardiness and Valor, White symbolizes Purity and Innocence and Blue represents Vigilance, Perseverance and Justice. Is it possible that the big Blue Stripe may have more significance that you might expect?
When it comes to monetary theory there are really only two serious camps. The first believes in fiat/paper money and the second believes in a “hard money” backed by gold. Lets assume these two opposing ideologies are represented on this bill. Look closely at the left side of the Blue Stripe.
Let’s say the left side represents the fiat/paper money camp. There is no new coloring at all just the same ole drab green. The same ole fiat money. It’s all there…the words “Federal Reserve Note”, the Official Fed Seal, Ooo..looks like the US Treasury Secretary signature has been moved from the right to the left side(come on…which camp did you think Geithner would be put in?!). And for you currency buffs, even Benjamin Franklin is positioned on the left of the Blue Stripe with that quizzical grin…why you ask?
Well, not many know it but Ben Franklin was a BIG supporter of paper money in his day. Don’t get me wrong, he was a great and loyal American who was very much anti-banker but in his day the battle was reversed. It was the English bankers who were all about forcing the colonists onto a Gold/Silver standard but Franklin knew that the overseas trade would leave no physical money for the colonies to conduct domestic commerce with. It was probably the TRUE cause of the American Revolution! Here’s a good representation of what happened:
Truthfully, it’s high time we rewrite the all the US History books and tell the world the REAL STORY. The American Revolution was actually…A REBELLION AGAINST THE BANKSTERS!
Back to the “Greenback”…
So you can see that everything on the left side of the new $100 bill relates to the continuance of fiat money.
Now let’s look at the right side of that Blue Stripe…the “Vigilance, Perseverance and Justice” side!
OH MY GOODNESS…GOLD GALORE!! A Gold Ink Well, Gold Liberty Bell, Gold Feather Pen, Gold “100”, Gold Watermark, Gold Writing in the background, Gold “July 4, 1776″…there’s even a HUGE gold “100” on the back of the right side. The right side of this bill is so full of gold it will probably droop when you hand it to the cashier!
Here’s my take on all the Gold symbolism:
– The US has long prepared to return to a Gold Standard and the time has come.
– The Gold Ink Well symbolizes the power of Congress to pass laws that can dismantle the Fiat Money System with the stoke of a pen.
– The Gold Liberty Bell within the ink well symbolizes Congresses ability to write laws that destroy the banking cabal’s strangle hold on the Liberty of citizens in the United States.
– Notice the words “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS,PUBLIC AND PRIVATE” has also been moved from the left to the right side (or the gold standard side!)
– Notice how the color of the “100” on the bottom front changes from GREEN to GOLD…still not convinced?
– And now my favorite… look at the wording right above the “100” on the far right.
Do you see it?
“…the People to alter or abolish it, and to institute new…”
That, my friends, comes directly from our Declaration of Independence and says the following:
“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute newGovernment, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
Has there ever been a time in the last 100 years that the people were more ready to “alter or abolish” our government?!
Can “They” make it more obvious…GET READY FOR A GOLD STANDARD!
The odd fact that the US Treasury chose to “anti-counterfeit” the $100 bill last is very telling. The US $100 is the MOST counterfeited bill in the world by far. So much so that the fake bills even have their own name…the “SUPERDOLLAR” or “SUPERNOTE”.
The new $100’s were going to be released on Feb 10, 2011 but the Federal Reserve announced a “delay due to production problems”. Why wait so long? In this video it sure looks like they are in full production already. (what’s with the “Wizard of Oz-esque” green drapes? No, I won’t run with that!)
Oh, did you notice that the bill in all the sample photos was printed in “SERIES 2009″? I believe that the new $100’s are ready to go and HAVE BEEN READY SINCE THE ONSET OF THE CREDIT CRISIS! They were waiting for the crash and the return to a gold standard. With this announcement they might as well say …WE ARE READY TO COLLAPSE THE SYSTEM!!
The monetary camps split by the Blue Stripe, the Liberty Bell in the Gold Inkwell, the quotes of overthrowing the government, the delayed implementation of the $100 bill…
Get ready for a Gold Standard because we are just about there!