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Help Break the Bankers' Price Suppression Schemes Against Gold & Silver
Let’s parlay the publicity given to the recent University of Texas endowment fund’s decision to convert all of their paper gold to physical gold into a campaign to convince large endowments/foundations all over the country to follow in their very wise footsteps.
According to boston.com, university endowment funds lost a lot of their value during the 2009 fiscal year. Harvard’s endowment fell nearly 30 percent in the fiscal year ended June 30, 2009, to $25.7 billion. The Yale University endowment, the nation’s second-largest, dropped 28.6 percent, to $16.3 billion, and Stanford University’s plummeted 26.7 percent to $12.6 billion. The average drop for endowments across the country was 23 percent, based on a survey of 842 colleges and universities by the National Association of College and University Business Officers and Commonfund, an investment firm for endowments. In 2010, some of the top endowments recouped some of their enormous losses from the year prior. Even so, a great, overlooked risk lurks in all endowment and foundation funds invested in paper gold and paper silver derivative products to which the University of Texas System recently called attention.
On April 18, 2011, Bloomberg reported that the University of Texas System endowment fund converted all $991,700,000 of their paper gold derivatives to physical gold. It is believed that the University of Texas board members took this bold action because they saw it as a necessary step to guard against potential devastating losses in paper gold derivative products that are backed only by a tiny fraction of the real gold that exists in the physical market. Here’s an actionable idea by which we can break the international banking cartel’s repressive grip on the control of gold and silver prices and allow gold and silver prices to move as they would in a free market. We can encourage the largest endowment funds and foundations in the United States to follow the lead of the University of Texas System by alerting them to the risks of holding paper gold and paper silver. The greater the amounts of paper gold and paper silver converted into physical gold and physical silver, the greater the strain that is placed upon the banker’s ability to suppress gold and silver prices.
I’ve compiled a list of the top university and college endowments and foundation funds in the United States below. Many of you know that I am not a fan of the bogus modern day education system or of many of the foundations below, especially since many of the institutions below have churned out professors and people that are prominently involved in the effort to spread the very anti-gold and anti-silver propaganda that has muddled the people’s understanding of gold and silver’s real value. But what great fun it would be if we inundated these boards with letters urging them to convert their paper gold and paper silver to physical gold and physical silver and forced some of the institutions that have contributed to our present global financial disaster to partake in freeing gold and silver markets from price suppression! What great irony there would be in this achievement.
We don’t have to successfully convince all universities and foundations to convert their paper gold and paper silver into real gold and real silver, but if we can convince just one of the larger-sized endowments/funds to do so, then other institutions will inevitably follow in a domino effect as they will be encouraged to research the risks of holding hundreds of millions and/or billions in paper gold and paper silver.
To make this task as easy as possible, I have written a letter below that you can copy and paste and mail/email to the below colleges and universities and have slightly modified the same letter so it can also be sent to foundations. The complete list of foundation websites, where email and mailing addresses can be found is at this link (http://foundationcenter.org/findfunders/topfunders/top100assets.html ).
Regarding the universities and colleges, the links to information of the top endowment funds, including email addresses, phone numbers, names of endowment managers, and information for universities’ finance and treasury departments (the department that normally communicates with the endowment fund board), are listed below. Of course, if your alma mater is not on the below list, please don’t let this stop you from engaging in this campaign. Just visit your university’s website and search the directory for the Office of the Treasury to find out who you should contact:
Harvard University http://www.hmc.harvard.edu/contact/index.html
Yale University http://www.yale.edu/fin-bus/
Princeton University http://finance.princeton.edu/
Stanford University http://treasurer.stanford.edu/pages/contact.html
Massachusetts Institute of Technology http://vpf.mit.edu/site/budget_finance_treasury/staff
University of Michigan http://www.umich.edu/search.php?q=treasury&sa.x=0&sa.y=0&sa=Go
Columbia University http://finance.columbia.edu/treasury/
Northwestern University http://offices.northwestern.edu/detail/202
University of Pennsylvania http://www.finance.upenn.edu/treasurer/
University of California System http://www.ucop.edu/treasurer/
University of Notre Dame http://treasury.nd.edu/
University of Chicago http://trustees.uchicago.edu/board/
Emory University https://www.finance.emory.edu/external/deptpages/vp/treasury.cfm
Rice University http://search.rice.edu/?q=treasurer
Cornell University http://www.dfa.cornell.edu/treasurer/
University of Virginia http://www.virginia.edu/treasury/contact.html
Dartmouth College http://www.dartmouth.edu/~control/contact/index.html
University of Southern California http://www.usc.edu/directories/dept/financial_services.html
Here is a list of the top 20 Foundations by asset size as of the end of the 2009 and 2010 fiscal year as compiled by the Foundation Center . The Bill & Melinda Gates Foundation topped this list with more than $33.9 billion in assets under management and the number 20 foundation, the Carnegie Corporation, managed $2.4 billion in assets.
1. Bill & Melinda Gates Foundation (WA)
2. Ford Foundation (NY)
3. J. Paul Getty Trust (CA)
4. The Robert Wood Johnson Foundation (NJ)
5. W. K. Kellogg Foundation (MI)
6. The William and Flora Hewlett Foundation (CA)
7. The David and Lucile Packard Foundation (CA)
8. The John D. and Catherine T. MacArthur Foundation (IL)
9. Gordon and Betty Moore Foundation (CA)
10. Lilly Endowment Inc. (IN)
11. The Andrew W. Mellon Foundation (NY)
12. The William Penn Foundation (PA)
13. Tulsa Community Foundation (OK)
14. The Rockefeller Foundation (NY)
15. The Kresge Foundation (MI)
16. The California Endowment (CA)
17. The Leona M. and Harry B. Helmsley Charitable Trust (NY)
18. The Annie E. Casey Foundation (MD)
19. The Duke Endowment (NC)
20. Carnegie Corporation of New York (NY)
Please click on these links to help us promote the "Break the Bankers' Price Suppression Schemes Against Gold & Silver" campaign on twitter and facebook. Furthermore, if you have ever donated money to your alma mater or are a member of your alumni association, then you have a direct line
to the people that manage your school's endowment funds. Use that
connection, call them up, and either make an appointment to see them or,
if you live too far away, arrange a Skype call with them. Then use the arguments laid out in the letter to simply have a conversation
with them. They have to at least be polite and listen. This advice was kindly passed on to us by someone that formerly worked in a college endowment office. They may not agree, but if enough alumni call, they will eventually have to consider the idea.
Below is the university letter that you can cut and paste and email to university/college treasury offices and endowment funds. I realize the letter is much longer than one normally would like, but I believe that a letter that urges such an important decision needs to make a compelling argument to encourage action.
If enough of these letters are sent, someone associated with the endowment funds and foundation portfolios will eventually read one of them.
Dear ________,
On April 18th, 2011 the official US debt figure grew to $14,305,336,580,992. The official US debt ceiling is listed at $14.294 trillion. This means that the US government has officially moved into default on all US government issued debt, even if only temporarily. In response to this runaway debt problem that is afflicting our nation and destroying the purchasing power of the US dollar, US college and university endowments with at least $1 billion under management, according to Reuters, have moved 61% of their assets into alternative assets, including commodities, in 2009. I imagine that all endowments managing assets north of $1 billion still have significant amounts invested in commodities, particularly in gold and in silver.
However, I remain extremely concerned that this endowment fund may be invested in paper gold and paper silver that may conceivably collapse and become worthless should the future bring enormous declines in the purchasing power of any of the world’s major international currencies, which at this point and time, seems inevitable. As more and more individuals and institutions purchase physical gold and physical silver in response to our global monetary crisis, it is increasingly likely that growth in physical demand for gold and silver will continue to outstrip the growth in physical supply. As physical supplies of gold and silver continue to shrink, the ratio of paper gold and paper silver to physical gold and physical silver will move from grossly outrageous at the current date and time to obscenely outrageous in the future. I urge the board of the endowment fund to consider the enormous risk to the survival of the operations backed by this fund that comes from continued investment in paper gold and paper silver, derivative products that can plummet to zero in value.
Obviously, the board members that manage the University of Texas System endowment fund, the second largest endowment in the world, found the above described risk to be excessive and canceled this risk by converting its entire allocation of $991,700,000 in paper gold contracts into physical gold bullion bars. If your endowment fund happens to invest in the gold and silver ETFs, the GLD or the SLV, there are additionally numerous red flags contained in the prospectuses of both of these ETFs that suggest that neither ETF is backed by allocated gold or silver and that multiple claims exist on the unallocated physical gold and physical silver that back these ETFs. You may read about these serious risks at this link: (http://www.theundergroundinvestor.com/2009/07/the-gld-and-slv-legitimate...)
Furthermore, delaying conversion of paper gold and paper silver futures contracts into physical gold and physical silver puts the execution of this task at risk. Exchange Rule 104.36, a rule that governs exchange transactions of futures contracts for physical (‘EFP’) on the COMEX Division, states that “the physical commodity need only be substantially the economic equivalent of the futures contract being exchanged” and that the Exchange Rule confirms that "the Exchange would accept gold-backed exchange-traded funds (‘ETF’) shares as the physical commodity component for an EFP transaction involving COMEX gold futures contracts, provided that all elements of a bona fide EFP pursuant to Exchange Rule 104.36 are satisfied.” Thus, with every passing day, the risk that a decision to convert paper gold or paper silver into physical gold and physical silver may not be honored grows stronger. A game of musical chairs is now being played with the university's endowment fund, and if other universities move before ours, our university will find itself as the one left standing without a chair. The same risk factors must be taken into consideration regarding any paper silver derivatives held by the endowment fund as well.
On March 25, 2010, at a US Commodities Futures Trading Commission (CFTC) hearing on position limits in gold and silver futures markets, Jeffrey Christian of the CPM Group testified that it was his belief that 100 times more gold futures contracts trade, on average, than the amount of physical gold ounces actually available for purchase on the physical market. Whether this number is the same in the silver futures markets or whether this number is 200 times, 95 times, 85 times or 80 times, and not 100 times, is not as important as the fact that there is an enormous imbalance in the ounces of paper gold and paper silver owned by individuals and institutions versus the ACTUAL amount of physical gold and physical silver that exists in the real world. I’m sure you have heard of others argue that such an imbalance is not a fraud because all commodity markets, including oil, coffee, soybeans and corn possess huge imbalances between the amounts traded in futures markets and the amounts that actually exist in the physical market.
However such an argument contains a formal logical fallacy because the premise behind the argument is flawed. Arguing that all commodity futures derivative products trade in a similar fashion to gold futures contracts, and thus, there is not a problem with the manner in which gold futures contracts trade, is a fundamentally flawed argument. This does not prove that gold futures contracts are not flawed. It only proves that the mechanism by which ALL commodity futures contracts trade are flawed. In fact, if you’ve ever wondered how oil can soar from $50 a barrel to $150 a barrel back down to $40 a barrel and then soar back to $110 a barrel in very condensed periods of time, it is the flawed mechanisms of futures contracts that allows these crazy price movements. If more and more endowment funds or foundations with substantial investments in the GLD and SLV ETFs or gold and silver futures contracts decide to convert their paper contracts into physical gold and silver, the ability to secure physical gold and physical silver represented by all gold and silver paper derivative contracts WILL become problematic, and eventually, impossible in the future.
When this happens, and I believe it will, there is a distinct possibility that the prices established in futures markets will become very different than the prices established in physical markets. For example, paper futures markets for silver may eventually trade at $80 an ounce and physical silver dealers may demand no less than $90 for the very same ounce of silver. If you see this happening, I believe that your window of opportunity to convert paper into physical may have already passed.
As a supporter of your institution, I urge you to discuss this very real problem with other members of your board at the next board meeting, and enact a vote to take physical delivery of all paper gold and paper silver contracts currently held within the endowment fund as soon as possible. Though the execution of such a decision will require some administration, the University of Texas System moved on this problem quickly before they were stuck in a corner with no way out and perhaps left with only a handful of worthless paper. I sincerely hope that you will do the same. There is much to be gained by deciding to tackle this problem pro-actively and everything to lose through inaction.
Sincerely,
Your Name
Class of ___________
And below is the same letter, modified to send to foundations instead of universities/colleges.
Dear ________,
On April 18th, 2011 the official US debt figure grew to $14,305,336,580,992. The official US debt ceiling is listed at $14.294 trillion. This means that the US government has officially moved into default on all US government issued debt, even if only temporarily. In response to this runaway debt problem that is afflicting our nation and destroying the purchasing power of the US dollar, US college and university endowments with at least $1 billion under management, according to Reuters, have moved 61% of their assets into alternative assets, including commodities, in 2009. I imagine that all foundations managing assets north of $1 billion have significant amounts still invested in commodities, particularly in gold and in silver.
However, I remain extremely concerned that this foundation may be invested in paper gold and paper silver that may conceivably collapse and become worthless should the future bring enormous declines in the purchasing power of any of the world’s major international currencies, which at this point and time, seems inevitable. As more and more individuals and institutions purchase physical gold and physical silver in response to our global monetary crisis, it is increasingly likely that growth in physical demand for gold and silver will continue to outstrip the growth in physical supply. As physical supplies of gold and silver continue to shrink, the ratio of paper gold and paper silver to physical gold and physical silver will move from grossly outrageous at the current date and time to obscenely outrageous in the future. I urge the board of this foundation to consider the enormous risk to the survival of the operations backed by this fund that comes from continued investment in paper gold and paper silver, derivative products that can plummet to zero in value.
Obviously, the board members that manage the University of Texas System endowment fund, the second largest endowment in the world, found the above described risk to be excessive and canceled this risk by converting its entire allocation of $991,700,000 in paper gold contracts into physical gold bullion bars. If this foundation happens to invest in the gold and silver ETFs, the GLD or the SLV, there are additionally numerous red flags contained in the prospectuses of both of these ETFs that suggest that neither ETF is backed by allocated gold or silver and that multiple claims exist on the unallocated physical gold and physical silver that back these ETFs. You may read about these serious risks at this link: (http://www.theundergroundinvestor.com/2009/07/the-gld-and-slv-legitimate...)
Furthermore, delaying conversion of paper gold and paper silver futures contracts into physical gold and physical silver puts the execution of this task at risk. Exchange Rule 104.36, a rule that governs exchange transactions of futures contracts for physical (‘EFP’) on the COMEX Division, states that “the physical commodity need only be substantially the economic equivalent of the futures contract being exchanged” and that the Exchange Rule confirms that "the Exchange would accept gold-backed exchange-traded funds (‘ETF’) shares as the physical commodity component for an EFP transaction involving COMEX gold futures contracts, provided that all elements of a bona fide EFP pursuant to Exchange Rule 104.36 are satisfied.” Thus, with every passing day, the risk that a decision to convert paper gold or paper silver into physical gold and physical silver may not be honored grows stronger. A game of musical chairs is now being played with the foundation's fund, and if other university endowments or funds move before ours, your foundation may very well find itself as the one left standing without a chair. The same risk factors must be taken into consideration regarding any paper silver derivatives held by the foundation as well.
On March 25, 2010, at a US Commodities Futures Trading Commission (CFTC) hearing on position limits in gold and silver futures markets, Jeffrey Christian of the CPM Group testified that it was his belief that 100 times more gold futures contracts trade, on average, than the amount of physical gold ounces actually available for purchase on the physical market. Whether this number is the same in the silver futures markets or whether this number is 200 times, 95 times, 85 times or 80 times, and not 100 times, is not as important as the fact that there is an enormous imbalance in the ounces of paper gold and paper silver owned by individuals and institutions versus the ACTUAL amount of physical gold and physical silver that exists in the real world. I’m sure you have heard of others argue that such an imbalance is not a fraud because all commodity markets, including oil, coffee, soybeans and corn possess huge imbalances between the amounts traded in futures markets and the amounts that actually exist in the physical market.
However such an argument contains a formal logical fallacy because the premise behind the argument is flawed. Arguing that all commodity futures derivative products trade in a similar fashion to gold futures contracts, and thus, there is not a problem with the manner in which gold futures contracts trade, is a fundamentally flawed argument. This does not prove that gold futures contracts are not flawed. It only proves that the mechanism by which ALL commodity futures contracts trade are flawed. In fact, if you’ve ever wondered how oil can soar from $50 a barrel to $150 a barrel back down to $40 a barrel and then soar back to $110 a barrel in very condensed periods of time, it is the flawed mechanisms of futures contracts that allows these crazy price movements. If more and more endowment funds or foundations with substantial investments in the GLD and SLV ETFs or gold and silver futures contracts decide to convert their paper contracts into physical gold and silver, the ability to secure physical gold and physical silver represented by all gold and silver paper derivative contracts WILL become problematic, and eventually, impossible in the future.
When this happens, and I believe it will, there is a distinct possibility that the prices established in futures markets will become very different than the prices established in physical markets. For example, paper futures markets for silver may eventually trade at $80 an ounce and physical silver dealers may demand no less than $90 for the very same ounce of silver. If you see this happening, I believe that your window of opportunity to convert paper into physical may have already passed.
As an avid supporter of your foundation's mission, I urge you to discuss this very real problem with other members of your board at the next board meeting, and enact a vote to take physical delivery of all paper gold and paper silver contracts currently held within the foundation's fund as soon as possible. Though the execution of such a decision will require some administration, the University of Texas System moved on this problem quickly before they were stuck in a corner with no way out and perhaps left with only a handful of worthless paper. I sincerely hope that you will do the same. There is much to be gained by deciding to tackle this problem pro-actively and everything to lose through inaction.
Sincerely,
Your Name
About the author: JS Kim is the Founder & Managing Director of SmartKnowledgeU, a fiercely independent investment research & consulting firm that seeks to help investors not only avoid the fraud of the commercial investment industry but to remain profitable throughout the growing global monetary crisis. His Crisis Investment Opportunities newsletter has cumulatively returned +176.64% from its launch in June, 2007 to December, 2010, outperforming the S&P 500 by nearly 200% over the same investment period.
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I will be taking possession of my first physical gold shortly. Kind of a hassle to have to hide it somewhere, but it's about time.
It's also a little painful to liquidate positions in equities that I've spent countless hours researching and averaging into.. but they'll be around later, cheaper.
I've told people about the tough spot the US is in regarding cutting the budget ~33% (-->recession) or printing more money, which drives up commodities (-->recession).
But they say it sounds too apocalyptic.
Go figure. Actually, it's fine with me. The further down this path we go the harder the dollar will fall.
Reality check:
Suppression is Good
Worldwide suppression is Great
They buy you time
They allow you to average in
They can easily steal your land because unfortunately Land Is Not Mobile!
You can hide your gold & silver or take it with you and start over...land, not so much....
ok ok nuff talk, now get cracking! with those letters
For most of those foundations, tell them to buy more Treasuries. Threaten an unrelenting campaign for the unpatriotic behavior of not buying up Treasuries and supporting America, the Progressive agenda, or whatever.
How about an alum contributor who likes gold offering to guarantee the purchase for a specific price. He would be donating a tax deductable put to his alma mater. If gold goes up he has a free tax deduction. If gold goes down he has somewhat overpriced physical. Maybe a group of alums? I imagine the reluctance to invest in physical has a lot to do with the possibility of bad press if the price declines, yet widespread investments would put upward pressure on the price.
For those accountants out there could they deduct the paper loss if they needed to take delivery of (temporarily) overpriced physical?
Blankfein's wrong.
THIS is god's work.
Thank you smartknowledge.
depends on who your god is.
lloyd's just happens to be satan.
http://www.talmudunmasked.com/
why every single js kim article is not reprinted here is beyond me.
he's head and shoulders above the rest imho.
Is the suppression by Jpmorgan and HSBC illegal? I know full well it's wrong but when I have an argument about this in the future I want to know the facts.
Supression implies concentration, and concentration is illegal. Trouble is the threshold needed to distract the regulators from their tranny porn...
One important point should be made: Now that banks like JPM are accepting gold as collateral for loans (presumably at low interest, given the collateral), and those loans can be used to buy other investments that pay dividends, there's no longer much opportunity cost in holding physical gold.
Bill Gates? Ford Foundation? A bunch of Ivy League academia?
Geez, I could care less about those clowns. Remember, they fund or generate most of the groups/individuals that have caused financial mayhem for generations! Some of those larger "Charitable Trusts" are nothing more than a way around the inheritance tax. Ever notice how many of the offspring of the trust benefactors work for the trust, while being handsomely compensated with a position that cannot be downsized or outsourced? Besides, those listed think of themselves as the most cogent of the population, do you think they'd put any confidence in my advice?
Telling these large funds to take physical delivery will only drive the price of PM's higher. Why would I want to interrupt a buying cycle?
Sounds to me like somebody wants to blow a PM bubble for whatever nefarious reason.
It's becoming a dangerous time to buy folks. I just doubled the puts that I bought on Friday. Silver will go over $100 before this is all over, but it will not be this year.
Silver is not going to $100. Right now a game is being played with the price. The speculators are out in force and looking to have a field day at it snuggles up to $50. Then there will be a drop similar to those movie scenes where the elevator drops straight down and with it anyone who thinks they are smarter than the speculators. As to having all these colleges/universities invest in gold? That would be extremely dumb. Gold has to have a buyer and a seller to make a market. If ya'll knew what I know about gold, then you'd buy...something else.
Hasn't America learned anything about bubbles? Stock market bubble? Burst. Real estate bubble? Burst. Miners? About to burst. There is an enormous uptick in the amount of mining being down around the world, to increase supply. But with 7 billion people on the planet we are far beyond using gold as a foundations for any monetary system. In the monetary history of the world, sea shells have been used as money; cloth and beads used as money; tobacco used as money; you name it and it has been designated as money. There is nothing sacrosanct about gold and silver. They have also been debased in the past by making the coins smaller or adding non-precious metal elements to the coins.
The only true value we have is, as Scarlett O'Hara's father told her, "Land...Katie Scarlett, Land is the only thing that matters."
What have we done with our most precious resource, why we've imported the world's subhumans (ah sure, throw kumquats but numerous social scientists studies show these people will never support themselves and always...until they day they die...be a drain upon the productive US taxpayer) to whom we provide food stamps, medicaid, and endless free resources (be assured: they receive govt loans you don't; this is why your head shakes when you walk into a doughnut shop or a 7-11 kinda store and realize they are all owned/run by foreigners.)
The day is coming when Americans (those of us who are not first generation/here for five minutes screaming about their "rights" to speak in their own language or have sharia law be the determining structure that prevails) will come to see this as The Great Treason". Washington State has been ceded on the west side of the state to asians (recent news: giant food stamp fraud among the asian community...duh? do ya think?) and the east side of the state to the mexicans where anyone white lives in fear of the mexican gangs. Cities like Yakima are so overrun with mexicans that whites are running for their lives. Gang violence astounding and dominating of the community. Of course, the foreigners, as Donald Trump has noted, are laughing their hinnies off; after all, how stupid can anyone be to give away the once-greatest-country in the world? How stupid can anyone be to take a country with incredible natural resources and ruin the ecological failsafes by importing tens of millions of sub-humans to dissolve the glue that has held us together for more than two-hundred years.
Social scientists have fancy dancy names for these things but mostly it means, as Angela Merkle the prime minister of Germany notes that "Diversity is a complete and total failure". But in the United States we have come to believe that there is not punishment too great for the successful. Our country created great success through a Christian structure, an English language, a shared indexicality of beliefs, celebrations, and manners. And as such, the communists (Obomao being the current communist-in-charge), are hell bent on destroying this country, and we are there.
Significantly, we no longer know how many people are even in the United States. The open border, no Constitution applies or is in effect for anyone who 1. on one hand wants to claim rights to all that the United States people have created and 2. on the other hand wishes to denigrate the people of the United States by calling them racists because they don't wish to have the foreigner's language and ways forced upon them as de facto mode of living (but for whites/americans to wish to continue Their ways is racist....hmm...excuse me? could someone explain how that works?).
If you live in this country, have citizenship because your parents were citizens, you are being subject to the single greatest, coordinated, devious act of treason ever perpetuated upon a people in the history of the world. Never before has a citizenry agreed to self-anhhilation of themselves and their country.
The problem? Your children will not appreciate what you have done. You who benefited from the fighting and dying of the World War II vets, and all those who came before them to create a country based in shared Christian beliefs, values, and as a mode of living, have betrayed the next generation in ways yet to unfold with their far-reaching consequences. God have mercy on your soul because if you've wondered about those death panels? The foreigners are now in charge of your medical care (over one-half the physicians at hospitals are foreigners without American medical training, the foundation of the four-year degree, which isn't required in foreign countries, and they lack completely any ferocity of belief in human dignity and right to life that has always been the foundation of our medical system with its inherent Christianity).
Our medical schools are now perpetuating a medical system of idiocracy by admitting on the basis of "diversity", meaning that foreigners are taking your children's places in our medical schools and meaning that the "best" of our schools, particularly white males, are being denied opportunity because they are too good, and must be punished (which is classic communism; the proletariat is in control and lacking in the ability to set goals, self-discipline, and coordinate a life of success, they can only destroy (think Obomao whose entire life has been one of shaking down the successful in order to "give them the wealth"). Of course, communism can only "give" until they have so destroyed the incentive to create, so "given" away that which was created under a system of capitalism/meritocracy that there is nothing left to give, and then there is only one thing left: famine, as always, history shows us, that then there is only famine. Stalin's famine. Mao's famine. And imagine. The United States has let in some One Hundred Million people over the last thirty years; One Hundred Million immigrats who have no loyalty to this country and are here only to suck it dry until there is only dry to suck.
How do those numbers work? Well here is how they work. The immigrats are counted, but the numbers they don't tell you are the "family reunification" numbers which swell every immigrat by a factor of five to ten. So for every immigrat you actually have five to ten and that is why in America we are balkanized, reverse colonized, and over-the-cliff hanging by our nails.
Surely you've noticed how disdainful the foreigners are to you? At one time immigrats would have been polite and pleasant in a show of appreciation for your allowing them into your country. This new group of immigrats lack that appreciation; they only wish to take until the taking can't be done because all that could be taken has been taken.
What can be done? Very little. Pat Buchanan wrote many books trying to warn us, but the liberals had their way with us. All we can do is stop all immigration. Stop all foreigners from coming in. Send home all green card holders and put our own people to work. No birth drop citizenship; the Constitution does not provide for reward via stealing. Demand English only. Put the foreigners in their place, the place of those who have to earn rather than be given to, the place of those who have not yet earned the right to raise strident voices telling Americans, real Americans, what to do and how to do it. No voting rights before one has been here ten years, should be an amendment. No voting rights if you have not paid taxes for ten years. The immigrats run kiosks and never pay taxes while taking public benefits. The are professionals at scamming the system.
God Bless America. Only God knows if she will survive the treasonous tsunami of immigration, unfettered, unasked for, and undeserved by the American people (our beloved black Americans should be raising their voices louder than anyone against immigration; no one will do them more harm than the foreigners.)
good morning to you too, blythe...
I get your vibe but you get what you deserve. Immigrants built America just like north-africans rebuilt France after WW2. In France first you had the poor immigrants from southern europe, then they got wealthier and their sucessive generations got integrated and now no one can tell they were immigrats as you call them. Then they got the arabs in because nobody wanted to do that kind of manual work, not even the italians or portugueses. I'm currently on a 1 year anticipated retirement in Andalucia, south of Spain, the poorest province of the country and here too Moroccans are brought in by ship to tend and harvest the millions of hectares of fruits & vegetables that are then sold 5x the price to rainy England, boring Germany and whiny France.
Almost no "white spanish male" works in the fields because it is supposedly "degrading" and badly paid. But the field owners need a workforce in order for their investment to be productive. Hence immigration.
WAKE UP REDNECK it is the same all over the world. You can whine as much as you want it won't change anything.
Rich countries become lazy ---> need more real workers-ie poor foreigners. Since all "white american males" want to be lawyers, "Designers", traders, soldiers or doctors then obviously you'll need that chinese guy in that crappy 7/11, that Sikh running the local grocery shop and that mexican the autoparts workshop coz otherwise you don't have an economy (trade).
Greed & lazyness fucked America (and Europe to a lesser extent), not the immigrants.
Americans were all, at some point, immigrants. So convenient to forget about that...
We are going through a global moral values breakdown and you worry about some poor folks who, just like your great great great great grand parents, took responsability for their lives and risked it all by leaving their countries in search of greener pastures...
You need to get your priorities, and enemies, straight.
It should be pretty clear to all by now that Ipads, lawyers, the S&P and Tomahawks hardly are eatable, 'xcept for Mr B perhaps.
exactly!!!!
Ask how many people working in mcdonalds will go fruit picking for the same wage as an illegal immigrant. or the millions of "cosmetologists" in the salons around town.
eventually someone serving fast food in beijing will get the same amount of oil, food or gold as someone serving fast food in USA. there is no escaping the fact that there is no more value in serving fast food in USA than serving fast food in china. The value of the $ will fall and people will be forced to confront this fact. I am excited about the impending fall in the value of the $, so I dont have to see the obese soccer moms driving around in their SUVs to order non fat lattes from starbux wearing lululemon yoga pants.
Misdirected anger. The problem is not the immigrants themselves. They are regular people like you and me.
The problem is who is trying to destabilize society by letting in EVERYONE? TPTB, of course.
It is a classic DIVIDE & CONQUER scheme, and sadly, you are just helping with the dividing, you are not squaring off against the true enemy, the true danger.
The letter is too long, no ones gonna read it. Suggest this:
Why are you paying 0.4% management fee on GLD when you can store it yourself for 0.1%. On $1b that is a saving of $3m a year.
A variant on this exceptionally good idea. Since the only people who will read these form letters are secretaries in the endowment/foundation offices, try this approach.
Have you ever given any money to the school where you graduated? Are you a member of the alumni association? If yes, then you have a direct line to the people who manage your school's endowment funds. Use that connection, call them up, and either make an appointment to see them or, if you live too far away, arrange a Skype call with them. Then with these well-crafted arguments in front of you, simply have a conversation with them. They have to at least be polite and listen - you may not realize it, but I worked in a college endowment, and alumns are next to god. They will listen. They may not agree, but if enough alums are calling they will eventually have to consider the idea.
@americanspirit. great idea, i am going to modify my article now with your idea included if you don't mind as well. thx for the great idea.
The wrong risk model it being used to determine the harm caused by radiation, almost all of us are being misinformed. The WW2 ICRP model downplays the risks the ECRR model has been PROVEN to be accurate. No prizes for guessing which model is being used by the PTB.
http://www.veteranstoday.com/2011/04/18/radiation-is-it-good-for-you-a-t...
http://www.sovereignindependent.com/?p=18422
To make the above post more ON TOPIC, I wonder if gold (due to its density) makes good neutron shielding?
Borated poly. Duh.
Point taken.
Gold as shielding is better than what they have a Fuk' but only 1/2 the atomic mass of lead so no.
There is only way way to get this done.
Deluge the UT with a demand that they withdraw that gold from the HSBC vault and have it cast in the form of an enormous Bevo. Then, at the beginning of each longhorn home game in the fall, paint the comely cheerleaders gold, and have them pull the golden Bevo around the field.
The fans would go nuts. Every other BCS school would have to imitate the ritual.
It would be sublime on so many symbolic levels, not to mention crashing the paper market for PMs.
That is the best idea I've read in awhile. Dripping with symbolism, indeed. Besides, in Texas they just might do it.
I had a follow-up thought. A gang of Mexicans tries to steal the Golden Bevo. They succeed in wiping out the official security, but the fans in the stands turn out to all be packing, and they riddle the Mexicans with bullets on the 50-yard line.
That sounds rather Biblical...
Moses brought the 10 Commandments down from the mountain at that time...what if we had someone bring down the original 10 Amendments (Bill of Rights) onto the playing field? Ha!
Sublime? Hell, it's biblical.
Everybody should have a golden calf...
I'll name mine "Ben".
so you want fund managers to help destroy the 95% of their holdings that isnt in gold and silver. to help destroy banks anbd the market that most fo their funds are actually invested in?
good luck with that
Part of a chair is better than no chair a'tall!
Regards,
Cooter
State Pensions as well !
The top 20 list of foundations are a who's who of elites. Read the names; there is no chance they will help restore liberty to the masses. None.
I was thinking the same thing Richmond. Fucking blueblood robber barons, staying fully invested in fiat. PM's are the enemy of worthless fiat.
Then appeal to their greed; something they usually have in common.
Think they got paper versus physical on their balance sheets?
Thanks, JS Kim----it's brilliant!
Exactly. U of T has already started the momentum...if only one more University did the same, then all the others would certainly realize that U of T's move wasn't an anomaly, and they might move their own assets into physical. That would really get the ball rolling...
+1. Agreed. It is brilliant. I don't know if it will work, but it certainly won't work if people don't try. Definitely worth a shot.
I'd hazard a guess that the board members are aware of the swap from paper to physical by UT and that their phones to their consultants and brokers are running hot.
It's been nice being ahead of the herd for once. Thanks ZH, GATA, Ron Paul, Mogambo!!!!!!!, et al.
Having graduated from the University of Hard Knocks, I'm afraid I can't direct your message to anyone but myself. Thanks. Message fully absorbed.
I forgot to mention Jeffery Christian of CPM. Thanks Jeff, +100:1.
actually it was our mistake to have the letter saying "as an alumnus of your institution" because anyone should be able to send these letters to all university endowment funds, alumnus or not. so we changed the wording to say "as a supporter of your institution". we've already received a couple of emails from people stating that they emailed the letter to all universities on the list, so please, please email away!
I'd like to see A&M, Baylor, Rice and Tech all follow suit with physcial Gold.
This article is missing the best targets. What are the odds that Harvard, Princeton and Yale aren't totally bought into the system that does the supression? That's where all the rulers come from. Rockefeller and MacArthur Foundations, you must be joking. U. of Texas is a different species from most of the names on that list. Aim for the groups philosophically opposed to central control. Conservative foundations and religious schools are good candidates. Then there's the Mormon Church. They have A LOT of money and are highly opposed to the centralized progressive agenda. My Mormon friends and relatives all consider the banks as part of a government sponsored plan to take away out liberty and freedom. I would be surprised if the LDS don't already have gold in possesion but publicizing their purchases would blow the Comex away.
@deadfred, agreed. we acknowledged your point in our article: "Many of you know that I am not a fan of the bogus modern day education system or of many of the foundations below, especially since many of the institutions below have churned out professors and people that are prominently involved in the effort to spread the very gold and silver propaganda that has muddled the people’s understanding of gold and silver’s real value." the university of chicago is another one of these institutions in bed with the bankers. however a list of the top endowment funds and top foundation funds is just that - a list and we can't change who are the top endowments and top foundation funds. but one must not forget that people will always make decisions according to what is in their best interest. as the scam of paper gold and paper silver starts to lose its steam, there is a huge risk associated with not moving into physical gold and physical silver, and I believe that even the institutions responsible for employing those that disseminate anti-gold and anti-silver propaganda will move to act in a manner that serves their best interests as ironic as this may appear to be.
And then after that,they could actually educate people.
Rice is one of the best schools in the country. Why don't you do your homework before spouting off.
So true. Thanks to ZH I bought most arround 20$ oz and made VERY nice profits!
For me it all started out about 2 years ago when I was walking on a flea market and some guy was selling some old coins. I bought some morgan dollars because they just looked good and they where very cheap. I first checked out their value online and stumbled onto ZH where they had some silver posts and about 3 months later I was buying silver bullions like crazy. Silver kilo bars where 250 euros back then :)
Could the price suppression be in Platinum now? I am startng to wonder; the physical bullion is becoming non existent yet the price has not moved.. then i heard a rumor about JP Morgan storing physical pt and now I am wondering whats going on.