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

True Operations Purpose Of The TPP Trans-Pacific Partnership has been Released by WikiLeaks

WikiLeaks Reveals The True Purpose Of The TPP Trans-Pacific Partnership. From Their Press Release:

""WikiLeaks releases today the “Investment Chapter” from the secret negotiations of the TPP (Trans-Pacific Partnership) agreement. The document adds to the previous WikiLeaks publications of the chapters for Intellectual Property Rights (November 2013) and the Environment (January 2014).

The TPP Investment Chapter, published today, is dated 20 January 2015. The document is classified and supposed to be kept secret for four years after the entry into force of the TPP agreement or, if no agreement is reached, for four years from the close of the negotiations.

Julian Assange, WikiLeaks editor said: “The TPP has developed in secret an unaccountable supranational court for multinationals to sue states. This system is a challenge to parliamentary and judicial sovereignty. Similar tribunals have already been shown to chill the adoption of sane environmental protection, public health and public transport policies.”

Current TPP negotiation member states are the United States, Japan, Mexico, Canada, Australia, Malaysia, Chile, Singapore, Peru, Vietnam, New Zealand and Brunei. The TPP is the largest economic treaty in history, including countries that represent more than 40 per cent of the world´s GDP.

The Investment Chapter highlights the intent of the TPP negotiating parties, led by the United States, to increase the power of global corporations by creating a supra-national court, or tribunal, where foreign firms can “sue” states and obtain taxpayer compensation for “expected future profits”. These investor-state dispute settlement (ISDS) tribunals are designed to overrule the national court systems. ISDS tribunals introduce a mechanism by which multinational corporations can force governments to pay compensation if the tribunal states that a country’s laws or policies affect the company’s claimed future profits.

In return, states hope that multinationals will invest more. Similar mechanisms have already been used. For example, US tobacco company Phillip Morris used one such tribunal to sue Australia (June 2011 – ongoing) for mandating plain packaging of tobacco products on public health grounds; and by the oil giant Chevron against Ecuador in an attempt to evade a multi-billion-dollar compensation ruling for polluting the environment. The threat of future lawsuits chilled environmental and other legislation in Canada after it was sued by pesticide companies in 2008/9. ISDS tribunals are often held in secret, have no appeal mechanism, do not subordinate themselves to human rights laws or the public interest, and have few means by which other affected parties can make representations

The TPP negotiations have been ongoing in secrecy for five years and are now in their final stages. In the United States the Obama administration plans to “fast-track” the treaty through Congress without the ability of elected officials to discuss or vote on individual measures. This has met growing opposition as a result of increased public scrutiny following WikiLeaks’ earlier releases of documents from the negotiations.

The TPP is set to be the forerunner to an equally secret agreement between the US and EU, the TTIP (Transatlantic Trade and Investment Partnership).

Negotiations for the TTIP were initiated by the Obama administration in January 2013. Combined, the TPP and TTIP will cover more than 60 per cent of global GDP. The third treaty of the same kind, also negotiated in secrecy is TISA, on trade in services, including the financial and health sectors. It covers 50 countries, including the US and all EU countries. WikiLeaks released the secret draft text of the TISA’s financial annex in June 2014.

All these agreements on so-called “free trade” are negotiated outside the World Trade Organization’s (WTO) framework. Conspicuously absent from the countries involved in these agreements are the BRICs countries of Brazil, Russia, India and China."" -WIKILEAKS

https://freedomfighterreports.com/2015/03/29/boom-wikileaks-reveals-the-true-purpose-of-the-tpp-trans-pacific-partnership/ 

Congress to Overturn? Thousands Call to Reverse FCC Net Neutrality Rules

""The landslide 2014 elections made crystal clear that the American people reject larger, more intrusive government,” the Web form leading to the letters says in part. “But President [Barack] Obama reacted by moving even further left, ignoring the fact the Federal Communications Commission is supposed to be an independent agency, and openly demanding the FCC take the most radical action imaginable: reducing the Internet to a ‘public utility,’ imposing sweeping new taxes and destroying private investment, competition, and innovation while putting bureaucrats firmly in control.”

The American Commitment Web page appears to overstate some information related to the net neutrality debate of the past year. The actual letters sent, in some cases, use more moderate language, but one letter calls the FCC action “reckless,” and another letter calls net neutrality supporters “extremists.”

In November, Obama called on the FCC to pass net neutrality rules that reclassified broadband as a regulated common carrier. He also noted then that the FCC is an independent agency. “Ultimately, this decision is theirs alone,” Obama said then.

And while some opponents of the FCC’s rules fear the regulations will allow new taxes on broadband and limit some private investment in broadband networks, it’s uncertain whether those predictions will come true. Some studies predicting billions of dollars in new broadband taxes tie the FCC’s net neutrality action to a separate proceeding at the agency examining whether broadband providers should pay into its Universal Service Fund. The USF is pool of money that helps subsidize telephone service and now broadband in rural areas.

Net neutrality advocates argue that the rules, prohibiting broadband providers from selectively blocking or throttling Web traffic, will actual spur investment in Web-based services.

Still, American Commitment said it was encouraged by the response of its members. The 3-year-old organization has “never seen such an intense citizen response in opposition to a federal regulatory action,” Phil Kerpen, president of American Commitment, said in a statement. 

Earlier this year, Republican leaders in Congress proposed legislation that would overturn the FCC’s reclassification of broadband as a regulated common carrier while retaining some basic net neutrality protections. With widespread opposition from Democrats, that legislation hasn’t advanced, but American Commitment said it was encouraged this week when Representative G.K. Butterfield, a North Carolina Democrat, called on Congress to craft net neutrality rules.

The petitions are just one effort to overturn the rules. This month, trade group USTelecom and ISP Alamo Broadband filed lawsuits challenging the FCC’s new rules.

While American Commitment rallied opponents of the new regulations, net neutrality supporters haven’t been silent.""

http://www.pcworld.com/article/2904632/thousands-call-on-congress-to-overturn-net-neutrality-rules.html

IMF World Bank Backs China’s AIIB to Cripple US Dollar as New World Reserve Currency the Renminbi Arises

""The Asian Infrastructure Investment Bank [AIIB].  What is it?  Yet another political disaster for the Obama administration as it leaves a wide swath of blunder after blunder in massively failed efforts to keep US allies from aligning with China’s newest anti-US, anti-fiat Federal Reserve “dollar, AIIB.  It will not just compete with the World Bank, a US-dominated financial entity, the AIIB will logically replace the World Bank in its own Asian sphere of influence.

Obama is pissed, a crass way to express his sentiment but an apt word choice for a crass politician with virtually no international diplomatic skills, and the AIIB amply exemplifies how true this is.  The US continues to become more and more isolated through its ongoing war drums beating incessantly as the only viable solution the US has to offer.

Remember, just a few weeks ago, when German Chancellor Merkel schooled Obama over Ukraine, urging a “political solution, because that is what we do as politicians.”  Obama did not like that, and he glibly responded he had not yet made up his mind, as the US continues to send money, arms, unofficial troop support, and an expressed intention to send “lethal weapons” to the totally inept Ukrainian army.  The best way to tell if Obama is lying is to see if his lips move.

As a means of hiding its failed “policies,” for lack of a better word, to hide its failed economic banking system, and to avoid taking the blame for a failed American economy about to be flushed down into a debt abyss, Obama is itching to start a war with Russia. He has so far been failing in that arena, as well.  No country wants another war, none, other than the US, led by the Obama administration.  If WWIII breaks out, as an increasing number of voices are expressing, it will be due to the singular effort of the US and no other reason.

Back to the AIIB.  It is a clear announcement by the rest of the world that the fiat “dollar,” as a world reserve currency is fading faster and faster away as the leading international currency for settling trade between nations.  The AIIB is China’s announcement to the rest of the world that it has had it with the bully tactics of the US, and China wants, is actually closer to demanding that she be given her due respect as a world leading power overtaking the US in increasing measures for what constitutes a new world economic leader.

The AIIB will become a leading lender for new development, particularly in Asia where a lot of new growth and development is underway.  This is in sharp contrast to the US that uses warfare as its badge of “economic development,” more like destruction.  Just look at Libya, Afghanistan, Iraq, now Ukraine, ongoing attempts to destabilize Syria.  Anywhere the US is involved, it is destroying nations.  By contrast, China and Russia are making deal after deal for true economic development in and with other countries without immersing those countries in unrepayble debt situations.

China’s AIIB will put an end to that, and the US is very unhappy.  The UK agreed to join with the AIIB, much to the consternation of Obama, accusing the UK of “constantly accommodating” China.  Obama chooses to ignore the fact that it was the US that gave Most Favored Nation status to China in the late 1990s, strengthening China and weakening the US, ultimately, but the US is “exceptional” and can do what ever it wants, or so the US thinks.  A growing number of countries have turned their back on the US, and now the growing list includes what were once considered close allies.

Right after the UK came France, Italy, and Germany, all willing to join with China and the AIIB.  If that were not a sufficient slap in the face to no-face Obama, Australia chimed in, a huge US accommodating agent-nation, but another one that has acknowledged extreme disappointment with ham-handed Obama diplomacy.  Expect South Korea, even Japan to also join in the AIIB’s constructive  goals for world economic development.  The number of countries that have already signed on is around 25, and growing.

The fiat Federal Reserve “dollar” is done, not quite officially, but the angle of the slope keeps getting steeper in its dissent.  For all of the indignant huffing and puffing by Obama and his administration officials, this is still orchestrated Kabuki theater by the elite’s banking system.  As we stated previously, the elites are merely switching horses, and the show for the masses must go on.

Ultimately, this is bullish for gold and silver, but the prospects for a ramping up in price for both metals will be as slow a process as the demise of the “dollar.”  All the world’s a stage remains as true today as it was in Shakespeare’s As You Like It, [Act II, SceneVII]. All the world central banks are tied to each other, perhaps least of all for Russia, but the change in currency structure, leading to Special Drawing Right [SDRs] as the next replacement world currency will not be denied.

There is no direct correlation in the AIIB development and the pricing of gold and silver, but it serves as another nail in the coffin for the US “dollar” and its ultimate defeat into utter rejection.  As we stated previously, the purposeful transition of the “dollar” demise and the ascension of SDRs as a replacement, endorsed by both Russia and China, will take place in an orderly fashion, at least for the rest of the world.  It may become quite disorderly in the US as the “dollar” descends to its true intrinsic “value,” which is zero.

When the sleep-walking American public realizes what has happened, it will be far too late, and a goodly number of them will have had their pensions raided and replaced with [worthless] government bonds, the same ones the rest of the world is rejecting in toto.

It remains an unknown as to how gold and silver will respond to these ongoing and ever-changing events, but as the charts reveal, there is no defined, or at least not a confirmed bottom, just as there is not a confirmed top in the climatic rallying in the value-less paper fiat “dollar.”  Even once a top can be identified for the fiat “dollar,” it can take many more months of a distribution topping phase, just as the bottoming process for gold and silver has taken over 4 years.  Anything can happen, including a straight, precipitous drop.

Nothing has changed in the reasoning for buying and holding physical gold and silver, except of course the lower prices.  PMs have been both purposefully and blatantly suppressed by US and UK central banks.  The death grip has not yet loosened during the death dance of the fiat “dollar.”  Things change, and the rate of change is ramping up, but none of it has been translated into higher gold/silver prices.

The entire Western banking system is corrupt and bankrupt, held together by issuing more and more fiat, but only into the totally insolvent banking system.  For as long as people are willing to buy into the lies spewed by the criminal enterprises, more commonly known as  governments, the “emperor-is-wearing-no-clothes” mentality will keep the elite’s sinking fiat ship alive.  There is obviously no known solution for world-wide stupidity.""

http://news.goldseek.com/GoldSeek/1427049403.php