Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

By Michael Snyder, on April 24th, 2015

Why in the world has JP Morgan accumulated more than 55 millionounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 millionounces 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…

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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:

All in all, JP Morgan has added over 8.3 million ounces of additional silver in just the past 2 weeks alone.

Full report at The Wealth Watchman (via Steve Quayle andRealist News)

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So why is JP Morgan doing this?

Do they know something that the rest of us do not?

Meanwhile, JP Morgan Chase has made another very curious move as well.  It is being reported that the bank is “restricting the use of cash” in some markets, and has even gone so far as to “prohibit the storage of cash in safe deposit boxes”…

What is a surprise is how little notice the rollout of Chase’s new policy has received.  As of March, Chase began restricting the use of cash in selected markets, including  Greater Cleveland.  The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and  auto loans.  Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes .  In a letter to its customers dated April 1, 2015 pertaining to its “Updated Safe Deposit Box Lease Agreement,”  one of the highlighted items reads:  “You agree not to store any cash or coins other than those found to have a collectible value.”  Whether or not this pertains to gold and silver coins with no numismatic value is not explained.

What in the world is that all about?

Why is JP Morgan suddenly so negative about cash?

I think that there is a whole lot more going on behind the scenes than we are being told.

JP Morgan Chase is the largest of the six “too big to fail” banks in the United States.  The total amount of assets that JP Morgan Chase controls is roughly equal to the GDP of the entire British economy.  This is an institution that is immensely powerful and that has very deep ties to the U.S. government.

Could it be possible that JP Morgan Chase is anticipating another great economic crisis?

We are definitely due for one.  Just consider the following chart from Zero Hedge.  It postulates that our financial system is ready for another “7.5 year itch”…

JP Morgan certainly seems to be preparing for a worst case scenario.

What about you?

Are you getting ready for what is coming?

http://theeconomiccollapseblog.com/archives/why-is-jp-morgan-accumulating-the-biggest-stockpile-of-physical-silver-in-history

Ron Paul: Obama 'literally assassinated' Americans in airstrikes

April 24, 2015, 05:34 pm

By Ben Kamisar

Former presidential candidate and Texas congressman Ron Paul (R) is criticizing President Obama for the “targeted assassination” of Americans in al Qaeda.

While Obama apologized Thursday for airstrikes that killed two hostages, American Warren Weinstein and Italian Giovanni Lo Porto, Paul said the media should be paying more attention to the two American terrorism suspects who were killed.

“There were other people killed, but you won't read about it in the media I’m quite sure because they were two Americans who had joined al-Qaeda, so they are automatically very bad people,” he said during the “Ron Paul Liberty Report,” which was posted to YouTube.

“Being an American citizen means nothing in this day and age of no law and order so they were literally assassinated, this was a targeted assassination of Americans because they were doing something we didn’t want them to do.”

Paul is the father of Sen. Rand Paul (R-Ky.), who is running for president in 2016.

White House press secretary Josh Earnest said President Obama hadn’t signed off on the two strikes on the Pakistan-Afghanistan border, and that counterterrorism officials followed protocol that seeks to ensure that al Qaeda members are the target.

But the White House stressed that the government did not know the two American terrorism suspects, Ahmed Farooq and Adam Ghadan, were present. That means it’s unlikely that the strikes were cleared through the Justice Department, as has been standard practice other times where American citizens are targeted.

It’s unclear how the strike was carried out, but The Wall Street Journal and other media outlets have reported that it was a drone attack.

Paul is a noted anti-interventionist and a frequent critic of the administration’s drone program. On the campaign trail during the 2012 presidential election, he bashed the president and said that the strategic gains don’t outweigh the animosity against America that is fostered by the accidental killing of civilians.

“It's still heartache no matter what because I don’t think we should be hitting anybody with drones under the conditions we have today,” he said. 

http://thehill.com/blogs/blog-briefing-room/news/240033-ron-paul-obama-literally-assassinated-americans-in-air-strikes

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Cop Slams Mom to Pavement, Knocks Her Unconscious in Front of Six-year-old Daughter

COP SLAMS MOM TO PAVEMENT, KNOCKS HER UNCONSCIOUS IN FRONT OF SIX-YEAR-OLD DAUGHTER

Police chief stands by officer's brutal use of force

by ADAN SALAZAR | INFOWARS.COM | APRIL 23, 2015

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A Texas police officer is under investigation after cell phone video surfaced showing him knocking a mother unconscious by slamming her to the pavement in full public view.

On Tuesday, Round Rock police officer Ben Johnson responded to a call at a shopping center involving 27-year-old Viviana Keith.

Dash cam footage shows Officer Johnson detaining Keith on the hood of his cruiser.

But another angle shot by a nearby Wing Stop customer shows the gruesome moment the officer slammed Keith to the pavement, her face brutally hitting the concrete causing her to lose consciousness.

Johnson eventually rolls Keith over and checks for a pulse, as her six-year-old daughter approaches, screaming, “Mommy! Mommy!”

Footage from dash cam shows Officer Johnson slamming Viviana Keith to the pavement. / Image credit: KVUE

Witnesses on the scene said the mother appeared to be dead.

“When I look back at the tape, I can see her head bounce off the concrete because when he threw her down, she wasn’t able to brace herself,” the person who shot the video told KVUE, adding he “wanted to remain anonymous for fear of retaliation.”

“She was absolutely unconscious.”

“There were a couple of other gentleman in the store with me and we were saying, ‘is she breathing?’ Because at first we weren’t seeing her stomach rise and fall.”

Prior to the incident, Keith was reportedly belligerent inside a nail salon.

“She was a little loud, and disruptive,” a Deluxe Nails patron told KVUE. “She said she was very tired, really tired and they said, ‘Maybe you should go home and get some sleep,’ and then she turned around and stumbled out.”

After that, police say they also received calls about an “erratic driver, driving carelessly.”

Witnesses say Keith’s daughter revealed her mother had been drinking all day.

Round Rock Police Chief Allen Banks upon viewing the footage said he stands by Officer Johnson’s decision to brutalize the “very combative, very argumentative and also very intoxicated” mother, saying the four-year police force veteran followed protocol.

“The officer was very professional, was talking to her calm, he wasn’t excited, he wasn’t angry,” Banks said. “It’s unfortunate, the fact that this lady did what appears to hit her head and was knocked unconscious, but I’ll tell you, the officer did what he was supposed to do in a situation like that.”

A mugshot from the Williamson County Sheriff’s Office shows Keith sustained a black eye and a large cut.

She is currently in jail facing charges of driving while intoxicated with a child younger than 15 and interfering with public duties.

Officer Johnson is still on the job as Round Rock Police investigate the use of force incident.

Police chief stands by officer's brutal use of force.

Cop Slams Mom to Pavement, Knocks Her Unconscious in Front of Six-year-old Daughter
Adan Salazar
Thu, 23 Apr 2015 18:21:58 GMT

4 Terrible Facts About Energy Drinks

4 TERRIBLE FACTS ABOUT ENERGY DRINKS

Good reasons to stay far away from those evil sugar-laden drinks

Image Credits: Matteo Paciotti / Flickr.

by DR. EDWARD F. GROUP III | INFOWARS.COM | APRIL 23, 2015

 

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Usually marketed with the lure of more energy or a mental or physical boost, energy drinks usually feature a cocktail of caffeine and vitamins (and maybe something like ginseng or taurine). Sales in the U.S. are on the rise, with a 10 percent increase from 2008 to 2012. This is a global concern—yes, concern. Energy drinks are quickly becoming a public health crisis since high caffeine levels could lead to caffeine intoxication, a condition that can lead to “heart palpitations, hypertension, nausea and vomiting, convulsions, psychosis, and in rare cases, death.” ^[1] That alone sounds like reason enough to stay far away from those evil energy drinks.

Energy Drinks Facts

Energy drinks aren’t just geared toward college students looking to add an extra jump to their all nighters. In fact, many people of all ages are consuming energy drinks as a mere substitute for water, soda, and coffee. Here are some of the facts about energy drinks you should know.

1. Energy Drinks Are Marketed to Kids

No matter how old you are, energy drinks are just awful for your body! The Academy of Pediatrics even advises kids and teens to avoid them altogether because of the possibility of serious health risks. ^[2] But even that warning won’t stop advertisers. A recent study suggested energy drinks are more heavily marketed on TV channels geared to teens and kids. ^[3] As kids get older, this marketing suggestion could even lead to binge drinking. With energy drinks a common mixer for alcohol, teens that mix the two are 4 times more likely to binge drink. ^[4]

2. Energy Drinks Are Portrayed as Buzz-Producing Drugs…and Kind of Are

Do you just have to start your day with a cup of coffee (or two—maybe even three)? Unless you’re drinking decaf, you’re likely craving the caffeine. Well, energy drinks are packed with it, and some are concerned what that high-caffeine content will do in the mix of other ingredients. ^[5] So if scientists still aren’t sure about the caffeine issue, do you really want that drink in your body? One study even suggests kids who drink energy drinks are 66 percent more likely to be “at risk for hyperactivity or other attention problems.” ^[6] Is that buzz really worth it?

3. Energy Drinks Ruin Athletic Performance

After drinking an energy drink, “athletes felt they had more strength, power and resistance,” but that’s really only the high caffeine providing that edge. ^[7]Those other ingredients in energy drinks provide no more energy than you’ll find in a soda. What you could get instead is increased “insomnia, nervousness and level of stimulation in the hours following competition,” and, in the long run, that could sabotage your athletic performance.

4. Energy Drinks Are Bad for Your Heart

There are lots of reasons energy drinks are evil, but this one might take the cake. Energy drinks are a popular choice during exercise and when out at a club, and so many people drink them one after another. ^[8] Not only could this lead to caffeine intoxication as mentioned earlier, but recent research suggests possible heart problems: “angina (chest pain), cardiac arrhythmia (irregular heartbeat)”—“even sudden death.”

One Final Thought

Energy drinks could even be contributing to the downfall of society, a fact that is recognized by some. A recent study suggests “boys who consumed energy drinks at least weekly spent approximately four additional hours per week playing video games.” But it’s more than just playing video games; teens that drink energy drinks are more likely to participate in other negative behaviors like smoking or, returning to my first point from above, binge drinking. ^[9][10]

What do you think about energy drinks? Tell us in the comments.

-Dr. Edward F. Group III, DC, NP, DACBN, DCBCN, DABFM

This article first appeared at GlobalHealingCenter.com.

Good reasons to stay far away from those evil sugar-laden drinks.

4 Terrible Facts About Energy Drinks
Dr. Edward F. Group III
Thu, 23 Apr 2015 19:10:52 GMT

4 Terrible Facts About Energy Drinks

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