The Future of Silver- TELEPATHIC interview with Adam Smith
Commodities / Gold & Silver Dec 20, 2008 - 11:33 AM GMTBy: Robert_Singer
Robert Singer, recently proclaimed a Junior Mogambo Ranger (JMR) interviews Adam Smith, telepathically. I got out my new Matrix Mind-ray Scanner, delivered before The Sharper Image and our way of life filed for bankruptcy and Googled “who is the founding father of economics”. Results: Richard Cantillon, Alexander Hamilton and Adam Smith. I never heard of Cantillion and Hamilton is the father of Crony Capitalism. I selected Adam Smith and set the device on “Interview” and typed
ADAM: I hear the CFTC is finally taking the Silver Smarty Pants (SSP) seriously.
What follows is pure Unadulterated Unverified Mogamboism (UUM) and reflects my views on the future of silver and the planet. Any resemblance to real persons, living or dead is purely coincidental. Since Adam Smith or the SSPs never agreed to a Mind-ray scan, neither of them could endorse these views, which may or may not prove to be correct. This is my attempt at humor.
JMR: Yes, they are fighting for the integrity of the Comex silver market and have forced the CFTC to open a criminal investigation. When the Y2K bug didn't bite and people quit buying precious metals, dealers had to find a new approach to reinvigorate sales. So they hired some SSPs who claim four large Traitors are manipulating the price of silver downward for profit. They tell anyone who will listen they will get rich betting on the Traitors running out of money, and then the price of silver will rocket to the moon. The SSPs say the four Traitors have been manipulating the market for years and don't have the silver. They want to be vindicated.
ADAM: Vindicated, as in clear from accusation? I thought the 4 Traitors were accused of the crime of manipulation. The SSPs are just expressing their opinions on a controversial and inexact field. It doesn't matter what nonsense they publish, so why would they need to be vindicated?
JMR: “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so”, Mark Twain. Mistakes Were Made (But Not by Me) should be SSP required reading. Many SSPs even claim silver is a better investment than real estate, common stock and even gold.
ADAM: Gold? Are you saying they told people to sell gold and buy silver, I bet that ruffled some feathers?
JMR: Yes, but not Howard's. He told his readers “silver is the investment of the century” until the recent crises when silver dropped 50% and gold only 25. The rest of you got vindicated.
ADAM: Where is this crime taking place?
JMR: Some SSPs say Washington others say St. Louis or Arkansas.
ADAM: So the SSPs are selling silver as a speculative investment? What part of safe-haven, store of wealth don't they understand? You don't buy precious metals to get rich; you buy them when governments start behaving irresponsibly.
JMR: That's what you would say to the hedgers, doomers and gloomers waiting for the end of the world. Of course manipulation doesn't hurt sales of Bill's books and James and David's reports and letters, and don't forget I like a little manipulation now and then: another day without Mad Max.
ADAM: So when these 4 Traitors, with an illegal concentration in the silver market, manipulate the price then industrial users have to pay more for silver?
JMR: No, they get silver at historically low prices.
ADAM: Then there must a tight supply. Hard to get, right?
JMR: No, Industry can get all they want.
ADAM: So I am confused. How do these Traitors make any money?
JMR: They don't. They are losing billions. This is downward manipulation, an uneconomic aberration that makes you want to turn over in your grave. Manipulations throughout history are all upside, where the price of something was artificially inflated. The current manipulation allowed the price of silver to stay in the $4-5 price range for years. Industrial users can sell their products cheaply and, thanks to these crooks, customers get to buy a lot more metal for their dollar.
ADAM: So what is the problem?
The SSPs say it doesn't matter that industry and consumers are getting a good deal. They claim the silver the Traitors are selling doesn't exist because it was used up years ago. Therefore, you can't sell something that doesn't exist even if it does exist, and furthermore, it doesn't matter if everyone benefits, it's still a crime.
ADAM: Come again?
JMR: They claim someday everyone will wake up and want silver. There won't be enough to go around.
ADAM: Why don't they wait until everyone wakes up?
JMR: The SSPs say that isn't fair, the world might come to an end before they have time to enjoy their winnings. Who wants to be rich when the abandoned malls are converted into tent-cities?
ADAM: Won't everyone else suffer? What about industry and the consumers who will have to pay more for the silver they claim isn't there?
JMR: Perhaps, but this is an once-in-a-lifetime opportunity, and it isn't fair the Traitors have enough money to keep manipulating. And finally, it might be a good thing if industry has to pay more. Then I will be vindicated.
ADAM: You, how will prices going up help you?
JMR: High prices will discourage shopping for useless toxic stuff and that will help the planet. I want to end the crime of consumerism. Although the The Mogambo Guru says that's SMC he proclaimed me JMR after he read my essay “An Amero For Your Thoughts”, "Behind every foreclosure and American Dream there is a fiat currency". In 1750 you made sure the money supply was controlled by the gold standard. Today the FED is probably behind the manipulation of the paper price of gold and silver to discourage buying and hoarding. Without the manipulation there would be no illusion the trillions of pieces of fiat currency they printed were “money”.
ADAM: Send me a copy of the Story of Stuff, back to the SSPs - are they getting anyone to buy silver?
JMR: Yes, In February, they ran the US Mint out of Silver Eagles.
ADAM: And the price?
JMR: It went up. You know, supply and demand.
ADAM: So they're happy, right?
JMR: No, it only made the price of the Eagles go up. Industry is still getting a good deal on silver bars and that didn't Vindicate or Make Anyone Rich (VOMAR). The SSPs are sure one of these days industry will wake up and start hoarding the silver they think doesn't exist and then “the price will explode in their face and cause all kinds of problems- could even mean a default.”
ADAM: What problems?
JMR: They are concerned the 4 Traitors will get hurt badly and cause the CFTC to be embarrassed.
ADAM: What if the Traitors double-cross the SSPs and have the silver?
JMR: Doesn't change anything. Market manipulation, even downward, is still a crime and it must be stopped, no matter how many people it helps .
ADAM: What if everyone wakes up and takes delivery of the silver that isn't there?
JMR: The price explodes and the SSPs are vindicated.
ADAM: Let me get this straight, industry and consumers get low prices and the SSPs don't think it's fair because no one's getting rich before the end of days. What don't I get? Is this about consumerism--trashing the planet?
JMR: You're not alone. Hot, Flat Friedman doesn't get it either and wants to know what planet Bush is on. Consider My Hypothesis About Bush (CMHAB): He isn't stupid if his goal is “trashing the planet”. At the G8 summit, he said "Goodbye, from the world's biggest polluter”. He wants to drill in the ANWR to trash America's last Arctic Wilderness. Sonar Testing is about torturing whales and dolphins and the Border Fence that keeps everything out but illegals will disrupt an extraordinary source of biological diversity along the 2,000-mile long region including deserts, mangrove forests, plains, mountains, river valleys, and wetlands.
ADAM: By the way didn't the price of silver hit $21 in March?
JMR: Yes but in February when silver was $17.25 everyone was reading the world's foremost silver expert Theodore Butler who thought the Traitors were “Deep Into The Danger Zone” so investors were on the sidelines waiting for the selloff that didn't happen. Until $21.
JMR: So what happened at $21?
SSP celebration, Ted Butler thought “The launch site for the silver rocket got moved from sea level to the top of Mt. Everest because the rocket fuel hadn't been used”, but then the reality of how much money these Traitors got from JP Morgan and as Ted puts it, “Even when holding extremely large short positions and incurring massive unrealized paper losses, measuring in the many hundreds of millions of dollars, the dealers have never, collectively, turned tail and bought back their short positions to the upside.”
ADAM: And then?
JMR: Going, going, down landing at ground zero, $10.
ADAM: Did anyone sell, or recommend selling?
JMR: No. Ted, David, James, Bill and every SSP said the Traitors rigged another sell-off to make millions and to just keep buying because cost averaging is another excellent approach.
ADAM: How could the Traitors make millions? Who was selling?
JMR: There might have been some selling from $21 to $17 but from then on, no one was selling or buying, everyone was fully invested or in shock. The safest place for your money was in a Bank That Hadn't Failed Yet (BTHFY).
ADAM: So what do you think happened, “Silver, But No Silver Lining”?
JMR: Yes, margin reduction, probably preparing for a default, from the article:
“Shorts (Traitors) to Comex and the regulators: The dramatic price decline in August from $21 to $ 9 is our parting gift to you for looking the other way during our obvious manipulation of prices in the War on Precious Metals. We had to prevent gold and silver from gaining legitimacy as stores of value or consumerism would not have become hyper-consumerism. Mopping up our mess will be easier at $9 instead of $21. I magine a default at $50 or more per ounce.”
ADAM: I heard everyone is now taking delivery at the lower price because they can't get Eagles. Won't this empty out the Comex and embarrass the CFTC?
JMR: Yes, but so far everyone is getting delivery.
ADAM: What are the SSPs telling investors who bought silver at $20 now that it's $10 and the financial collapse is gaining momentum?
JMR: They refer them to Ted Butler who has been consistent with sound advice, always buy in “the right form, real silver, in the right manner, for cash, not on margin” and they should just hold on because someday they will be able to buy a 3-bedroom apartment in Trumps Tower.” SSPs weren't around in 1929; during economic downturns people lose jobs and go hungry. Selling at $10 to pay for necessities like rent and food will be Katie, bar at someone's door.
ADAM: I have a question. What if there had been no silver manipulation?
JMR: We would be growing our own food. Instead we sit at Starbucks wondering if our ego will be satisfied with a new car and trying to decide if an SUV or station wagon will make us look fat or if an SUV is a fat station wagon.
ADAM: What are you doin… ---This is a message from the Matrix, your telepathic transmission has been terminated. Contact customer service telepathically---
I tried a couple of times, gave up and used snail email,
JMR to ADAM: As long as government is acting insane I'm buying gold and silver so I can get some sleep and hope the prices don't explode. If they do forget gold and silver get some food and head to your Mogambo Blast-Proof Bunker (MBPB).By Robert Singer
Robert Singer is a retired information technology professional and an environmental activist living in southern California. In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology officer. Today the company manages more than 130 practice groups, providing care in some 300 medical facilities in 18 states. Prior to that he was president of Useful Software, a developer and publisher of business and consumer software for the personal computing Industry.
He has been featured on Marketoracle, OpedNews and The Dailynewscaster
Other recent articles can be found at: http://www.opednews.com/author/author20310.html
© 2008 Copyright Robert Singer - All Rights Reserved
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