Can JP Morgan Really Be ‘Crashed’ By Buying Silver?

Max Keiser, financial analyst and host of RT’s Keiser Report, and Texas radio host Alex Jones are telling their listeners and fans to buy silver. Ostensibly the reason is to destroy the value of the JP Morgan bank. The cynic in me wonders if Alex and Max have an existing position in silver that they’d like to see increase in value. Anyone have any real insight?

According to Keiser, the goal of the “Crash JP Morgan – Buy Silver!” campaign is to force JP Morgan to cover its negative bets. He claims “There’s no way they can cover their liabilities if we all buy 1 silver coin and demand physical delivery.”

crashjpmorgan

The charges that JP Morgan has been manipulating the silver market are not new. Back in May the New York Post reported on a federal investigation and just this month a class action law suit was commenced alleging that around June 2008, when JP Morgan acquired Bear Stearns and its short positions in silver futures, JP Morgan and another bank, HSBC, conspired to manipulate the market for silver futures and options contracts for their own benefit. Read more about that in the Telegraph.

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  • http://steadfastfinances.com Matt_SF

    Max has been promoting gold and silver for many years as far as I can tell. Perhaps more telling is that he’s been discussing the decline of the U.S. Dollar for as long or longer. So I’m about 99.9999% he’s long both gold and silver, but for what it’s worth, he’s been deadly accurate with his precious metals forecasts thus far.

  • Jamesgr6

    This is the best thing I heard in months, I am going to buying silver today!

  • Jamesgr6

    This is the best thing I heard in months, I am going to buying silver today!

  • BenCorp.

    Do it! BUY SILVER and show these fuckers that we the people CAN hurt them!

  • BenCorp.

    Do it! BUY SILVER and show these fuckers that we the people CAN hurt them!

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