JP Morgan Stockpliles Silver Assets Before Market Melt Down in Early Fall 2015

""Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  

Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit. 

As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. 

So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil.

During a time of crisis, investors tend to flood into physical gold and silver.  And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders…

Some things never change — there will be another crisis, and its impact will be felt by the financial market.

The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. 

Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. 

While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets

And Dimon is apparently putting his money where his mouth is.

If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals.  And in particular, silver is a tremendous bargain for a variety of reasons. Personally, I like gold, but I absolutely love silver – especially at the price it is at right now.

Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In fact, JP Morgan has added more than 8 million ounces of physical silver during the past couple of weeks alone. The following is an extended excerpt from a recent article by Mac Slavo…

According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.

They’re baaaaack. Yes, “old faithful” is back at it again!

Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissions of newly-stacked silver being made in their Comex warehousing facilities.

Yet, after a 16 month period of “dormancy” within their Comex warehouse vaults, these guys have returned with a vengeance.

In fact, our old buddies at JP Morgan Chase, not only see value in silver here, but they’re currently standing for delivery in their own house account in such strong numbers, that it commands our attention.  Let me show you what I mean.

Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan:

    April 7th: 1,110,000 ounces
    April 8th: 1,280,000 ounces
    April 9th:  893,037 ounces
    April 10th: 1,200,224 ounces
    April 14th: 1,073,000 ounces
    April 15th: 1,191,275 ounces
    April 16th: 1,183,777.295 ounces

This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, it’s such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgan’s vault stockpile:""

http://humansarefree.com/2015/05/why-is-jp-morgan-accumulating-biggest.html

A World of “Fiat” Currencies: Collateral and Confidence Crumbling Down

""We live in a world where all currencies are “fiat”, none backed by gold, silver, oil or anything else.  Yes of course the dollar, otherwise known as the “petrodollar” has functioned and survived (so far) based on oil revenues being recycled back into U.S. Treasury bonds, but this has been changing over recent years.  The change has accelerated greatly over the last five years.  This era of “fiat” everywhere and real money nowhere is now 44 years long in the tooth and the very first time in human history there was no alternative currency with a real foundation.

Before you tell me “the U.S. is the most powerful military nation in the world, we don’t need no stinkin’ backing”, think this through.  Though for a time, this “arrangement” worked and no one could stand up to the U.S., is this still true?  Can we impose our will with everyone and everywhere on the planet?  Or has our military technology been leapfrogged as evidenced by the USS Donald Cook last year?  Can’t countries just decide to do business with each other …at the exclusion of the U.S. and use their own currencies to settle?  Isn’t this what has begun to happen with China and other nations doing individual trade deals?  Countries’ trade moving away from the U.S. and away from using dollars is as simple as grade school kids gravitating away from the schoolyard bully and deciding to play in harmony amongst themselves.

This 44 year old experiment has always needed “confidence” to exist.  At first it worked because the U.S. was not over indebted and had plenty of room to lever up or “reflate” if you will.  We still had plenty of untapped or unencumbered collateral left to borrow against, this is no longer so.  Once the 2nd Great Depression kicked off in 2007, the Treasury started to run trillion dollar deficits and have now doubled our indebtedness.  The Federal Reserve has more than quadrupled their balance sheet to well over $4 trillion that sits on the head of an equity needle of less than $70 billion, they are THE largest and most leveraged hedge fund in the world!  The monetary lunacy by no means is confined to the U.S., it spans the globe and is practiced everywhere.  Europe and Japan’s central banks have done the same, so has China to some extent but with a couple of large caveats.

In order to have monetary confidence, there are two prime necessities, collateral and credibility.  In other words, who wants to do business with a bankrupt or someone who cheats or lies?  Any business partner or someone you will do business with must be both solvent and truthful, neither of these conditions still exist in the big three monetary nations of the West.  Each and every year since 2011 we have been told the Federal Reserve would end QE, begin to tighten and thus normalize interest rates.  As I have written several times before, the Fed cannot ever raise interest rates again, this would destroy derivatives, the economy, the Fed’s own balance sheet and create a situation where tax revenues would not be enough to pay the interest on federal debt.  Raising rates is not an option.  Unfortunately, it is the same situation in both Europe and Japan, they have no options left either http://www.zerohedge.com/news/2015-04-10/japan-qe-limit-approaching-goldman-says-boj-risks-losing-crediblity  .  Japan began a very outsized QE operation last year while the ECB began theirs just two months ago.

Both of these central banks are running into the same problem the Fed did, namely they are and have already taken too much collateral out of the system.  “Collateral” is what underlies the shadow banking system’s ability to lend, without it credit dries up.  It is so bad in Japan that the BOJ is buying more treasuries than are even issued.  Not only are they at 100% monetization, they are beyond this.  In Europe, the situation is so bad that market participants don’t expect a tightening until 2020, (we’ll never get there).  This is the reason for the euro’s recent marked weakness, the realization of how poor business really is and the lack of any options available.

My point for writing this very basic (maybe even boring) piece is to remind those who have been distracted by the propaganda.  The bottom line is this, the collateral necessary for the “grand plan” of reflation does not exist.  The available collateral has already been encumbered and used in previous efforts.  The answer, which has always been “reflation” is now an impossibility.""

http://www.globalresearch.ca/gold-silver-and-oil-credibility-collateral-and-confidence-in-a-world-of-fiat-currencies/5442706

Alphabet Spy Agencies Got You Down and Blue? Try These 5 Things to Hide Your Email Activity

STEALTHY SEARCHING

Don't want a digital dossier of your personal interests to be stored and analyzed? Wean yourself from the most popular search engines — Google, Bing and Yahoo. All of them collect and dissect your queries to learn what kinds of products and services might appeal to you so they can sell advertising targeted to your interests. Just because that trove of data is meant to be used for commercial purposes doesn't mean snoopers such as the NSA couldn't vacuum up the information, too, to find out more about you. A small search engine called DuckDuckGo has been gaining more fans with its pledge to never collect personal information or track people entering queries on its site.

Just 10 percent of those participating in Pew's survey said they use a search engine that doesn't track their searching history.

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SCRAMBLE YOUR EMAIL

Encryption programs such as Pretty Good Privacy, or PGP, can make your email appear indecipherable to anyone without the digital key to translate the gibberish. This can help prevent highly sensitive financial and business information from getting swept up by hackers, as well as a government dragnet. Yet only 2 percent of the people surveyed by Pew used PGP or other email encryption programs.

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CLOAK YOUR BROWSER

A privacy tool called Blur, made by Abine, enables its users to surf the Web without their activities being tracked. It also masks passwords and credit card information entered on computers and mobile devices so they can't be lifted from the databases of the websites that collect them. Blur charges $39 annually for this level of protection. Privacy Badger from the Electronic Frontier Foundation, a digital rights group, offers a free way to block tracking of browsing activity.

Only 5 percent of the Pew respondents used these kinds of tools.

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CUT OUT THE INTERNET

It might sound old-school, but if you want to share something really sensitive, meet face to face. The Pew poll found 14 percent of respondents are choosing to speak in person more frequently rather than text, email or talk on the phone because of the Snowden revelations.

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GET SMARTER

If you're looking to become more literate about the ins and outs of digital privacy, two of the most comprehensive guides can be found through the Electronic Frontier Foundation's Surveillance Self-Defense site, https://ssd.eff.org/en , and https://prism-break.org/en/ .

http://www.chicoer.com/business/20150316/dont-want-nsa-to-spy-on-your-email-5-things-you-can-do