Informations basiques sur l'argent métal
(For the Tea Party)
Silver Stock Report
by Jason Hommel, June 3rd, 2011
What is the Federal Reserve? And why do some say we should use
Constitutional money, such as silver and gold?
I'm hearing that most Americans, even in the Tea Party, don't know who the
Fed is, or why we need to use silver and gold as money. This article is for
If you have USA paper money in your wallet, or if you have money in the bank,
then you have been ripped off. Paper money in the USA used to be called "silver
certificates", as recently as 1964, which was 47 years ago.
They were called silver certificates, because each "note" stated: "This
certifies that there have/has been deposited in the Treasury of the United
States of America (number) silver dollar(s) payable to the bearer on
This turned out to be a great big lie. It was fraud. Current paper money is
the evidence of the theft.
I used to call paper money an "unjust weight and measure", but paper money
today is no weight and measure of anything at all. It's a broken promise to pay
a devalued amount and an unjust weight of silver!
Who cares? Well, you used to be able to get a silver dollar coin for a paper
silver certificate. They were equal in value, as one was a promise to deliver
Today, the price of that same silver dollar coin, containing .76/oz. of
silver, costs about $30 from a coin dealer, with silver prices at $36/oz.
The paper money buys much less silver, it buys less gas, it buys less of
everything today compared with prices in 1964, and about 99% less of everything
than 100 years ago in 1911.
The Federal Reserve was created in 1913. They got a 100 year charter that
expires in 2012! Congressmen and Tea Party activists ought to seriously
reconsider the Fed's charter very carefully right now!
Right after 1913, the USA had funding to fight in World War One, and then
suffered the false bubble economy of the "roaring 20s" bull market in stocks
which, when it popped, led to the great depression in the 1930s, followed by
World War Two in the 40s.
After WWII, the US paper dollar became the world reserve currency, which
helped to effectively loot the productivity of the rest of the world. Well, we
did win the "world" war, and the world became the spoils of the war. The rest
of the world's central banks began accumulating paper dollars, instead of
This theft of the world's assets was both good and bad for the USA. Good,
because the USA can simply print the money to send to the other nations in
return for real assets such as oil, machines, food, clothing, or whatever. But
it's bad, because our nation got addicted to the benefits of the false and
inflated values of free paper money, and grew lazy, and we forgot that the
benefits and bounty of freedom are greater than the benefits of a free lunch
paid for by slaves.
Today, we are still free to go into the market and buy physical silver, and
let me tell of this wonderful opportunity in silver.
To create this paper money world in which we live, the world's bankers
launched a propaganda and education war against silver first, and then gold, to
prevent their use as money. This war dates back to the late 1860's. They
succeeded, as no nation on earth uses silver as money. Reduced monetary demand
has reduced the value for silver, making it an attractive and cheap
Then, by the end of WWII, the age of electronics began, and the use of silver
as a conductor of electricity in all sorts of electrical devices simply
exploded, about ten times as much as previously. Modern nations use about 3/4
of an ounce of silver, per person, per year, in industrial applications.
Today, world industry consumes about 600 million ounces of silver per year.
Industry consumes nearly all of world mine supply, leaving only recycled silver,
only about 200 million ounces, available for investment demand. This scarcity
of silver makes it an even more attractive investment.
The bankers of the world have not cornered the market on silver. The exact
opposite happened. They tried to make silver as cheap as possible, by not
buying it themselves, and trying to divert investment demand away from the metal
where ever and when ever they could.
For example, any time any of the clients of any of the major western LBMA
(London Bullion Market Association) banks wanted to buy silver, the banks said,
"sure", and opened up silver and gold accounts for their clients, without going
out to buy and store the actual metal, yet they charged their clients storage
fees. This created, according to the BIS (the Bank of International
Settlements) a "gold and silver" liability that is up to about $600 billion in
gold, and about $200 billion in silver. That's about 6 years worth of world
mine annual production of gold, and about 10 year's worth of annual production
of silver. That's silver and gold that the major banks owe their clients, and
never bought in the real market, to help suppress prices, and prop up paper
Another way that banks suppress silver prices includes offering
investment-grade sized silver certificates (not paper money), as they do in
Canada and Australia even today.
But when they offer bullion accounts, or certificates, those trade in a
non-transparent way, as they don't create price quotes, and it's difficult to
find information on how much bullion fraud has taken place.
The main way that the banks manipulate the prices of silver and gold is
through the futures markets that generate minute by minute price quotes that
other industry players such as refiners and miners and large bullion wholesalers
must look to in order to conduct business to buy and sell silver and gold.
Futures markets are price manipulative and price suppressive because the
sellers offer far more silver than they have, and they offer silver on the worst
possible terms and conditions.
They offer to sell up to 800 million ounces of silver, on paper, over a year,
when they only have about 30 million oz. of silver in their vaults ready for
delivery. Why then, do people buy paper silver? The lure of greed through
leverage. You can put only about 10-15% of the money down to buy silver, and
thus, if silver prices double, you can earn 1000% on your investment, instead of
But what honest industrial participant needs silver "a month or so from now"
for delivery at some vague time within a whopping 30 day time period, and in the
form of a bulky 1000 oz. bar that is particularly difficult to ship by mail or
even melt down? I won't even bother ordering any silver from any supplier who
will take even 21 days to ship it out. I expect my suppliers to ship out silver
the next day, like we do, or maybe at the most, a week after I wire them the
The modern way to keep people away from buying and taking delivery of real
silver is to offer silver in the form of an "Exchange Traded Fund" or ETF, such
as SLV, which can be bought or sold as easily as a share of a stock in a company
like Microsoft. Recently, it was pointed out that the modern forms of paper
silver, such as the futures markets and ETF's traded an entire year's worth of
silver production in a single day. I don't think that would be possible unless
there was a massive amount of fraud taking place, instead of any real delivery
of real silver taking place, but that's just my opinion, of course.
Real silver is real freedom.
All forms of paper silver are like slavery; the paper virtually enslaves the
promising party, the seller, to deliver and perform for the promised party, the
buyer. But the promises are often broken, especially when entities promise to
deliver many more times worth of gold and silver than flows in the world on an
The slavery is bad. Defrauding others is bad.
But real silver creates real freedom.
A real understanding and commitment to own and trade real silver also
destroys the power of governments to steal from the people through the Federal
Reserve's monopoly power to print money, which devalues people's money.
The paper money in your pocket (formerly silver certificates) is the best
evidence and reminder that promises to deliver silver are always created to
excess, for the purpose of fraud.
Think: What kind of business is it, if you can take people's money, and
never have to deliver the underlying product? That's what banking is.
Buying real physical silver from a coin shop, like www.jhmint.com
helps to reveal the fraud of paper money, and thus end it. Buying silver, is a
rejection of paper money which destroys the Fed, destroys taxation, and destroys
I strongly advise you to take possession of real gold and
silver, at anywhere near today's prices, while you still can. The fundamentals
indicate rising prices for decades to come, and a major price spike can happen
at any time.