Cornering the Market
It has been over a quarter of a century since the Hunt brothers set out to corner the market in silver and actually succeeded in running the price up to near $50/ounce, a staggering sum back then, when three ounces of silver sold at that price would have fed a family of four lavishly for a month.
It was just good, clean, Texas fun, and word has it that the boys actually hoped to profit not so much by squeezing jewelers and film manufacturers but primarily from a new, very rich, silver mine they were keeping under wraps. One that has never been opened. This makes sense; big money and old money tend to think generationally and those families which don’t, end up back in whatever cow byre or hick town they came from. Miss a chance this generation, that’s fine, because the opportunity will return in time and descendants will have been taught how to profit from it.
Long-running examples of success include the Rothschilds, Barons von Reuters, Rockefellers, and Krupps. A splendid example of doing it wrong is the Kennedy family, where too many relatives have been living off what Papa Joe made running rum and getting his boys into politics, with occasional useful marriages. The hubris and complacency are still there, as witness Caroline Kennedy thinking she could become the Senator from New York simply by telling the Governor she wanted the custom-made chair. Never mind that she doesn’t even vote! She’s a Kennedy, after all, and lived in the White House half a century ago, surely qualification enough. Not in this century, dear.
In the fullness of time the Hunts will no doubt go into production if the tale is true, and my surmise is that they are watching the manipulations of J. P. Morgan Chase with avid, probably amused, eyes. If it is apocryphal, it still isn’t safe to be short 20% of the world’s annual silver production in times of rising demand and falling output.
Back in the days of Andrew Jackson the ratio of silver to gold was set at 16:1, although throughout previous history 10:1 was more common, demonstrating that Old Hickory could keep his eye on acquiring extra Pine Tree shillings as well as FDR and RMN did. My read is that the highly anomalous ratios of sixty and even seventy-plus to one are the result of “judicious” short-selling by JPMC and a couple of confederates. It takes a while to become short 20% of a year’s output, and the others account for at least 10% more. There is a big backlog of inexorable demand.
It doesn’t matter much what the manipulators hope to gain by this reckless course of action for this discussion because the parts that interest us are the difficulty anyone short will have in delivering physical silver and what happens when the yo-yo springs back into our hand. Any change in the ratio will redound to our benefit, and a full snap back to 16:1 would literally quadruple the value of our holdings. Silver closed at a neat $18.00 last Friday, and the ratio does not have to return to traditional standards to make me smile. Even 30:1 will more than double the value of our stockpiles and that rise will make our silvery beauty even more desirable to investors, and concomitantly more dangerous to anyone short my favorite metal.
Should there be new readers who do not understand what “selling short” means, it refers to having your broker sell something which you do not own, on the vague promise to replace the stock or commodity “bambaya,” “By and by, yes?” as we say in Hawaii. If the value of what you sold rises, instead of falling, you will be required either to replace what you sold without owning it or to deposit enough in your account to cover the current cost. Those were the dreaded “margin calls” which led to leaps from windows, back when those opened in office buildings.
It makes one wonder, does it not, what could be so important about keeping the price of silver depressed for firms to take such risks, even if they will probably be deemed “too big to fail?” This is far worse than selling a piece of paper representing a share in Google or ADM. Those things are for sale any time, although one might not like the price. Physical silver must both exist and be for sale.
What Morgan has done is sell something it might not be able to purchase at anything like the prices they have managed to keep submerged. Sure, all last year they held prices in a beautiful little rising channel that offered constant upside movement followed by predictable downside potential, and even now if you are certain you understand the game, you might want a piece of the action. I’m not certain any more, and an expert technical analysis friend says he won’t be interested unless it breaks below seventeen. I wrote recently that if one did not own physical silver to grab some the next time it touched 16 1/2. I don’t expect it to see sixteen again any time soon, and I would pounce at $16.31 if I wanted some. My views on buying silver permeate my archives, here and elsewhere.
Let me repeat: some actions simply are not safe. I could attempt to sell the Star of India short, but I would have no way of covering; it is part of the crown jewels of England, and if I were the Queen my royal ladies in waiting would pry it out of my hand every night after I fell asleep. Phoo on the tourists; let ‘em look at a replica. Chances are they can’t tell the difference between diamonds and CZ anyway. Laughter…chances are that what is on view in the Tower of London IS a phony, at the insistence of Lloyd’s of London. They haven’t stayed in business all of these centuries by taking foolish chances.
There is a limited, discreet, quantifiable amount of silver produced every year (more and more as a byproduct of mining for gold and Japanese sewers, Byron King tells us) and surely Morgan is betting that when the time is right it can pick up the physical metal necessary for less than it made selling short. We aren’t certain what else they’re gambling on. One of the year’s delightful scandals was the empty vaults that were pledged to contain gold and silver in specific accounts while the clients were being charged large storage fees. For that matter, Ft. Knox hasn’t been audited since before I was born, and I don’t place a great deal of credence in the theory that it safeguards some four hundred billion at current prices. Most of what is traded on ‘change these days is promises or shares in mines. Which don’t pay dividends in product.
I’m a “Contrarian,” of course, and my call is that investors (egged on by the government with its fudged, fraudulent data), may doodle around for a brief while attempting to convince themselves that the jobless, consumerless, productionless “recovery” is real, but that sanity will reassert itself and metal will resume its rise. I wouldn’t even give that proposition until Election day to manifest itself–although there should be some nice buying opportunities then if the Statists are rejected as thoroughly as seems probable at the ballot box. By early next year I predict soaring metal prices as a result of the realities of new and higher taxes and energy costs. That’s an easy call: up because times are grim, down because Congress changed hands (maybe), then up as all that hope and change hits paychecks still going out and a new round of pink slips arrives. There should be a whing-doozy of a sell-off in December to avoid Cap Gains going from 15% to 20% and the socialistic medicine bite 3.84% tacked on top of that come 1 January 2011.
Gold is beautiful and symbolic and has some industrial uses, but silver is the most superior conductor of heat and electricity and has long been a strategic commodity. Signature chuckle…considering how many products, military and commercial, are made in China, my first impulse was a laughing, “Where to get enough silver is China’s problem now!” but that isn’t the real situation. The Chinese will have no difficulty raising prices to adjust for problems obtaining supplies.
I’m as big a Silver Bug as ever was and my silver is all physical and none of it is for sale, period, until a prospective buyer offers me what I want for it, which is land. I’m also on the Doom & Gloom bench permanently and expect the day to come when the land I want is available at a price I am glad to pay–in silver. I remain as convinced of the increasing “value” of precious metals as I have always been, for more reasons than our mantra: “Fiat currency doesn’t tell you the price of metal; metal tells you the value of fiat currency.”
Regards,
Linda Brady Traynham
Whiskey & Gunpowder
August 2, 2010
Linda Brady Traynham
Linda Brady Traynham is a former editor and analytical project report writer and is now a Whiskey & Gunpowder field correspondent on a ranch in the Republic of Texas. She studied Counseling at Boston University and got her Masters degree in Philosophy from the University of Hawaii.
ShareThis
[...] This post was mentioned on Twitter by Ron Simon and Agora Financial, Whiskey Gunpowder. Whiskey Gunpowder said: Cornering the Market: It has been over a quarter of a century since the Hunt brothers set out to corner the market… http://bit.ly/9TtVvn [...]
Ah yes, silver. I wonder how many peeps will get the shaft when it becomes clear that the paper certificates saying they own silver aren’t even worth the paper they paid for it. But I have to also wonder, how long will precious metals be of value to the average American? I’ve started suspecting that they are not going to bother with confiscating it this go around, just make it illegal to use it for a means of exchange. And if they can gain control of the means of food production like they are working on, then it might be something that they can enforce as well.
Brendgard, you little bundle of sunshine…what a horrifying mind you have sometimes! We already know that “silver certificates” can be disavowed and confiscated, and an ETF appears to me to have the same value and security, but even this jaded cynic never considered that silver might be legislated illegal as a medium of exchange. Still, since silver for monetary use is our backup plan for TEOTWAWKI and lesser good times, I think we had best keep accumulating. I AM very worried about various legislation which will outlaw a right so basic it never occurred to the Founding Fathers to state it, man’s basic right–and obligation–to produce his own food or something which can be exchanged for that.
High regards, Linda
Well I’m doing my best on buying some Silver coins every month. I do think silver is very undervalued. Plus a relativly safe store of wealth for the reasons mentioned in the article. I’m not looking to make money so much as protect myself from deflation or hyper-inflation. If silver goes as high as some have forcasted in 2012, and folks expect a physical delivery of silver. I might be able to pay off my home. We’ll see what the price is the summer 2011 and if it doubles or goes higher I’ll know folks are scared about making physical delivery. I really hope it will stay below $20.00 per oz until Jan. 2012.
If not, I still have the coins and bars which makes me feel good that I own something real and of some value no matter what happens. I’m a “Doom” if not gloomer like Linda, and the Boy Scout motto is “Be Prepared”, and this works for me as a small investor. Heck if the “Global Economy” does not collapse, I have a hard asset to sell or borrow against. I see this as a win/ win situation.
Linda, look how folks have bought up guns and ammo since the election. Obama has actually been pretty soft on gun laws. I think it’s a “smoke screen” and so do a lot of other folks. That’s why they bought up guns and ammo. Many say now that guns and ammo are starting to come down in price it’s cause folks think Obama won’t take guns or ammo. I think it’s cause they ran out of storage space, think they have got enough or are buying food, fuel and Precious metals.
this is nicely done, linda. thanks!
as you seem to infer, the hunt brothers, bunker, especially, ran up against the bullion banks, the bankers, the east coast establishment, especially the (standard oil) rockefellers and their state department allies, and, just when the hunts had partnered up with some saudi’s, possibly agents of/for the royal family, and had taken delivery of 100-130 million ounces, and had contracts pending future delivery, the comex, CBOT and the CFTC changed the rules, reducing the # of contracts they could hold and calling for liquidation (NOT delivery) of “excess contracts”. on jan 21, 1980, the comex (crimex) suspended trading in silver, only accepting liquidation orders. the hunts had 90 million ounces due for delivery in march, 1980. the price plummeted. the corner was broken.
because the government would not enforce the contracts which the hunts had bought from the paper-shorting banksterz, the hunts could not collect the silver they had purchased. once the pressure was off for the physical delivery, the price collapsed—the contracts weren’t for silver, they were just betting slips in a bucket shop run by banks and government agencies.
interestingly, there are similar “circuit breakers” in effect now at the exchanges and boards of trade, if (when) it turns out the silver people have purchased is only “paper”. if they “run out” of bullion and have sold way more than they can deliver, they can just pay in money–paper, not bullion. at what price? well,…perhaps a “liquidation” price would be nice. for them. again.
the hunts are an amazing and wonderful story—what a great bunch of crazy characters! over 35 years ago, bunker hunt claimed any fool can run a printing press, and almost anything is better than paper money. the hunts took it on the chin for, probably, over $1 billion, and the CFTC banned bunker for life. no more futures contracts for bunker. ever.
is there a lesson here for those of us who budget for a 20-ounce purchase of silver, or who want to add a few 1/10th ounce gold coins to their hard assets? maybe.
bunker hunt, after he discovered the libyan oil field and became one of the 5-10 richest men on the planet, along with his already wealthy family members, was not strong enough to hold the silver against the bullion banking cartel and their government minions. they broke him. they had to cheat to do it, but they did it. then, they blamed him. sure, the comex, CBOT, and the CFTC ended up looking like hucksters on the midway, but they protected their racket from the guts and gamble of the hunts, just when the hunts were ready to administer the coup de grace.
so, if the hunts were not strong enough to hold their positions with about $2-5 billion (who knows?) of assets behind their play in 1980, who is?
how about, worldwide, about 100-250 million “little people” with $5,000-50,000 in bullion, paid in full, in their possession, each? this is strength to win.
and, the paper shorts can see this, too. the hunts used margin buying and commodity contract leverage. then, the people on the other side of the contracts and bets, through the comex and CBOT boards and the CFTC, changed the margin requirements AND the contract limits, then would accept only liquidation orders, and just shut down, otherwise. so, the hunts got huge margin calls: $10 million, one day,…up to $135 million, on the day when they capitulated. they couldn’t raise any more cash to hold their positions. too leveraged. see ya!
today, those who actually hold physical bullion do not do so, generally, with leverage or with debt. they do not hold “contracts”; they hold bullion. and, they own it. free and clear. they did not buy it with borrowed money. so, they can’t be forced to put up more margin if the price goes down for a while. they can sell if they want to, but they can not be forced to sell if they do not choose to sell, and, they do not have to put up more money to hold on. bullionRus. they = we.
the shorts are sweating bullets.
we are the strongest hands they have even seen. we just keep going to the market, buying bullion, and taking it home. even if the prices dip, very few of us will sell out for paper fiat dollars. why? so we can pay more for it, later, after helicopter ben bernanke prints up another $3-5 trillion?
maybe brendgard on barstool 61 is correct. exchange and barter for silver will be outlawed. own all you want! the paper shorts still seem to control the comex, the CFTC, the banks, and the politicians and police powers. if the longs try to take them out of their game, they will just change the rules, again, for “economic growth” and “national security”, in secret.
now, about the silver mine. apocryphal, i think. the hunts made a play for Sunshine, whose shares responded to their market moves and their options became valuable, so they exercised them and tendered an offer for shares to control the mine. but the shareholders would not sell to the hunts at their offered price. they wanted more. so the hunts couldn’t close on Sunshine, and unwound the deal. they may own some properties with ore in the ground, today, but it would surprise me if they were the same properties as they were holding in the ’70′s and ’80′s, although they could conceivably have made the play on Sunshine to merge with and develop a closely held property or lease which they still hold. but, with their ability to mobilize geology, engineering, discovery, development and production of oil “mines”, why couldn’t they dig up some metal ore, process, and refine it? they could, unless government agencies thwarted them there, too.
i was trading in some mines, myself, at the time, and a wild ride was had, by all!
thanks for the memories!
I was always impressed with what the Hunt bros. had done. Basically doing the same thing De beer’s does with diamonds. But with American Silver. Was great for the silver industry here in Idaho until the feds intervened.
Did they drive the price up? Of course they did, then they had to buy at the higher prices to keep a lock on it. Now we have Banks that are driving down the price of silver and that’s okay.
The Hunt bros. just bought the wrong politicians. To paraphrase “An honest politician is one that stays bought.”
Yea, that’s me alright: the life of the party. The party where everybody wants to shut me up lol. Problem is, I know too much. I know what is coming. I’m not guessing, or extrapolating. I’ve seen it. The Lord has shown me more than most want to ever know. You as an American have only what “rights” they are willing to give you. You have the “right” to eat(for now, that will change here soon), but not to grow food without their permission. You have the “right” to obey them, but not to life or liberty. As far as they are concerned, everything about you belongs to them, including your mind and body. Al Gore belongs to a group that has stated it’s belief that we need to give back huge swaths of land to nature, including a lot of farmland, and if a hundred million Americans die of starvation because of it, so what? We needed to reduce the population anyways. And it’s not just the democraps, it’s the repukelicans as well. Remember that the CIA now has permission to target and kill American citizens? Bush. How about federal agents not needing to go through a judge to get a search warrant, they can write their own now? Bush. Right to life and liberty, and not being held without bail or prosecution in places like Gitmo, being tortured? Bush again. So what makes the right to own and use silver in economic transactions so sacrosanct that they will allow peeps to keep that one? Face it, they consider most of us as so much cattle, to be used as it pleases them, or terminated if that suits them better. The American people are so lazy and wanting their security, that they are going along with them. By the time they wake up, it will be too late for them to do anything about it. What you’ve seen so far is nothing compared to what’s coming. Nothing.
maybe my first response of a few days ago will escape from the grease-trap.
who knows?
i, too, am a fan, especially of (nelson) bunker hunt, who almost broke the banksters, till they changed the rules and made it: redemption in cash only, + can’t buy any more silver contracts. this resulted in him receiving the bid daddy of all margin calls at the time: $135 million, after many less interesting $10-20 million margin mornings. the $135mm encouraged him to say: “liquidate”. later, when his sister asked him what the HELL he was thinking, he replied: “Shucks, I was just trying to have a little Fun.”
after he brought in the wells on the biggest oil field ever discovered in libya, he may have become the world’s richest man for a time. he owned 50% of the lease; after selling half his lease to our friends @ BP, he was free-rolling. ka-ching!
the probable reason he played in the silver sandbox was that the gold sandbox was closed to US citizens, at the time: yup! illegal!
bredgard 61, you know what you know. in your first comment you said the pols would outlaw silver as a means of exchange. this could happen. conceivably. and, it would be a strong move for the bullion banksters. BUT: there are silver coins being minted NOW by the US mint, plus TONS of “junk silver” pre-64 90% silver coins; and silver dollars, which are minted according to the specs governing the earliest days of our republic: the same amount of silver as the spanish 8 real or “piece of eight”. these DOLLARS were minted into the mid-1930′s.
so, there, is a LOT of genuine US Silver Money. ergo, unless and until we come under much stricter martial law than at present, it will be damned difficult to stop someone from trading with a 1945 quarter, or a 1964 dime; or a 2000 Silver Eagle, or a 2010 US Gold Eagle, 1/2, 1/4, or 1/10th oz. Eagle. they are US Mint products, sir. they are not knock-off or foreign currency. but, it happened once, under FDR, with gold, so your vision is more realistic than it might seem it first…
yup, too many lazy comfortable people are still snoozin’.
but, perhaps it is just not quite time for them to awaken, yet…
.
Brendgard…it’s a mess, isn’t it? Anyone should have the sense to own only physical silver, but you could be quite right and they could simple outlaw it. At first glance one might think, “They can’t stop the underground economy,” but when we consider how long it was illegal to own gold, how long do we want to accumulate tokens that are good only when trading amongst ourselves? For once Steverino hasn’t seen clear to the end, which is, “Certainly you may trade your gold and silver coins…at face value.”
The so-called Food “Safety” Bills currently before Congress frighten me more than all the rest of the Pelosi-Reid-Obama agenda put together, Brendgard, because they ARE precisely and exactly about controlling the production of all food. Sure, I can raise cattle if I want to, but I will only be able to sell them to those who have access to the remaining licensed butchers at THEIR prices. If I want to just keep increasing my herds at vast cost that’s fine with the statists; they will simply confiscate them from my heirs. The waste around this place is horrifying because the only things we are allowed to sell are 30 dozen eggs a week and hard cheese aged over 90 days which we haven’t gotten around to producing. In THEORY I can sell my milk if I dye it blue and label it “for animal consumption only,” but since it must be sold in new containers there is no profit in it.
You know what hurts? We’re GOOD to our animals.
[...] Cornering the Market [...]
that face value can come in handy, linda. i don’t have the citation handy, but there was a recent case where A paid B in US gold coins—at face value.
here’s the drill: when B had done $1000 of work, A gave him a one-ounce $50 gold eagle.
after a year, say, B had earned 30 $50 eagles, or “$1500″. Not $30,000.
A is taking nice losses on his coin ‘investments’, too! short-term, long-term, however he shapes/designs it.
so, they reported this to the irs, which went ape-sh*t.
but, the courts upheld A & B against the irs, ruling that the genuine US coin says right on it: FIFTY DOLLARS. yup! see? right here!
what you mention is ALREADY true, dear writer! take a roll of silver quarters to the bank and they will give you $10. take it to the coin dealer and get $140!!! i can take a $50 gold eagle to the bank or woemart and they will give me $50 in fed. resrv. notes, or $50 worth of adult diapers and denture adhesive; they have NO CHOICE. but if i take it to you, linda, i might be able to buy a decent horse with it, capiche?
there is a story that bunker hunt, c. 1974, stood on the comex (crimex) trading floor and announced that paper money was worthless, compared to silver.
‘they’ can change the rules 3X/ day for all i care.
can they change Reality?
or can they only change what they pretend it to be?
in 1974, i spent a month milking cows for a friend of a friend dairy farmer who was trying to fit and plant 480 acres of corn, by himself. he had a corporate farm. huge debts, mortgages, production credit, oliver tractors here and there, waiting for parts, pockets full of white pills. no time to keep decent records on the herd, or anything else, really. but, he had an accountant. he had 190 cows and one bull who was chronically exhausted. 360 acres.
he also had another dairy farm which wasn’t, technically, his. 120 acres. he used a retired couple as a straw man front.
he had 120 cows there, the best ones, and when i went from one farm to other to do the milking, i would stop in the diner to eat, and in would immediately have the place all to myself! his corporate farm went bankrupt. nixon, as president, got caught taking a bag full of money from—-the milk producers! so, milk was @ 6 cents/lb for a pretty long time, there! but his other, ‘retiree-owned’, bankster-subsidized, dairy operation did fabulously well. a few years later i was living in berkeley, doing original research on psychoactive substances and the psychology they work upon, when he shows up on the left coast. he had just bought a medical office building in santa barbara!
but, he had to leave to go back east. the retired couple had hired him to manage “their” operation until he could get another dairy corp started, i presume. he had grown up in the dairy business. everybody in town knew what he was up to, but he was a charming guy; ruthlessly charming, i might say. besides, he had wrestled for the high school!!!
i’ve lost track of him, or i would have him call you. i know in the blackness of my heart that you are at Least as savvy as he!
cheers!
please note i didn’t go with the “hard cheese”, opening.
pax piraticus.
…and don’t you dare come back with a pox sortie!
Steve, you’re absolutely right (of course) about the trials over the fellow who paid his employees in metal. The thought was, what if they do another FDR and outlaw private ownership. We can swap it amongst ourselves and bury it in the yard hoping some day our grandchildren can redeem it? I’m imagining how exhausted you must have been after milking all of those cows, even with a machine! It’s bad enough what goes on with “legal” money laundering, but what really frightens me is how close the plotiticians (a made up word) are to making it illegal to grow food for our own use. Not good, not fun.
i had another guy helping me milk the herds. still, it took us 16-18 hours, daily.
perhaps Uncle will want to “buy” ALL the PM’s sometime soon, with freshly printed/minted green stamps. fool us twice, shame on us!
i think Uncle is more interested in capitalizing/capturing the deferred taxes in IRA’s and 401k’s, etc., right now. tax receipts down, expenditures, up, not good for the Treasury, which is now exposed to upward rates on its borrowings. if there is a “financing crisis” i think this will be the grab.
if there is, concurrently, as you and out friend “bob” predicted for last april, a currency crisis, then we may get a “revaulation/devaluation” of the dollar and dollar-denominated debt. i think if this happens, PM’s will soar. the paper gold will either be paid in electro-digits or will be lost to counterparty failure. at this point, you either possess REAL money, or you don’t. Rocky Vega’s 8.7.10 post to DReckoning about the IMF’s plans for a global currency are another option. re-capitalize everything. get a bigger big brother. a bigger holding company. trust us!
we certainly live in “interesting times”, eh?
the rules and the laws are forever being changed. nobody knows what they are, anymore. personal behavior is suspect, especially when killing a chicken. hand washing is strictly enforced. widespread criminal fraud and multi-billion dollar crimes go unpunished. the Constitution is rendered irrelevant on at least a half-dozen burning issues. accountability? ask what happened–it’s a secret!
plotiticians is a fabulous word, linda! our gov’t has been so successfully hijacked by the “free speech” of non-human corpulent corporocratic “persons” that all i REALly hear these days is “have a banana!”
our world spins thru another day. our wealth comes from the sun. with just a modicum of common sense and a dollop of decent luck, our grandchildren will learn to play in its light, and live and love, together.
Dear Linda,
My post mysteriously disappeared as I was typing. My post had two questions for Mr Steverino and I had just started my comment for you. I’ll see if it somehow was sent before I finished and if not I’ll repost for Steverino. My fear for you is your statement: “good luck finding the PM on my farm”. I’m sure that the Mad Max bad guys that will arise when it all goes to shit (WIAGTS) do not read W&G, and certainly not the comments section. I advise people to put a % of their savings in PM and when asked I tell them I keep mine in safety deposit box (I know those concerns also). My point: those bad guys wouldn’t need much luck if they put a gun to “Dear Charles” head and asked you to fetch the PM like a good little girl. I don’t mean to be such a downer like Brengard, just urging caution when revealing personal info. Oh, Mr Brengard, would you share some insights in how to best prepare for WIAGTS? V/R Ken JMR
WIAGTS? I’m not sure what you mean by that. But if it means how to prepare for what I see coming, that’s easy. You can’t. You make sure you are right with God, bottom line. Do what you can to prepare as far as being ready for anything, be able to keep mobile, etc, just like peeps in here are trying to do. This might enable you to have a slightly higher probability of survival, but not much. Personally, I don’t expect to survive through it my own self. I prep. I try to make things so that I and mine can last as long as possible, in as little discomfort as possible. But I’m at peace with the fact that I do not expect to live through it. It’s going to get far more ugly than almost anybody understands yet, and most of the ones who do have an inkling are on the side trying to cause it. For this particular cycle, they are right when they say this time will be different. This one has been building far longer than appears on the surface. It goes farther back than even the making of the Fed. And like most things in nature, the longer you build up energy in a system, the bigger the outcome can be. Sort of like capacitors in electronics. Build a huge capacitor, large enough to take days to charge up, and the discharge is far more deadly than from one that can be charged in a matter of micro seconds. This is like the build up of the final fall of Rome. But with technology being far more advanced, and world population being far greater, it will turn far deadlier.
But I firmly believe that the only way one will survive through this one, is God smiling on them. This time around, man is going to be forced to understand he is not master of anything, and he can not save himself.
Dear Ken JMR and Brendgard: Sorry, guys, not like me to get behind on mail. The spam filter is so rough here that it is rare to be able to answer two comments in a row. Ken, bad guys have been using force and torture for centuries to induce people to disclose where our “proud ofs” are hidden, undt people cannod tell vut zey do not knowing. If the forces of evil want to search several thousand acres that do not belong to me…or perhaps I sank goodies in lakes full of fish, turtles, snakes, and leeches…or it may be that I thought up a dozen GPS coordinates, darling Charles came up with another dozen, and a third party (gone to Mexico) did the burying at random, mixing them…Anyone attempting to put a gun to Charles’ head deserves what he gets and ALL of my men are under VERY firm orders to shoot through me if they must, but take the bad guy out. I’m a darling, but not one of them wants to face my wrath for endangering all of us for fear of causing me a flesh wound or even killing me. Go over to http://www.thetexasring.com, because we talk more about prepping there. Very simple rule: “The old guard dies but it DOES NOT surrender.” The only exception is if even one of us is free to rescue the others. Otherwise, I figure we’ll overpower the bad guys while they’re laughing their heads off hysterically because the sweet, fat, little old lady is tearing the hide off the troops in little pieces for putting a weapon down instead of pulling the trigger. In those circumstances I would, truly, prefer to die than to surrender. If it comes we will be facing those who kill easily. They will not learn younger that there are those who do not compromise…and perhaps that they are not as tough as they think they are. They may well be. Still, I am in my 7th decade, I’m the happiest, “richest” lady I know, and I know what I am willing to die for: my God, my loved ones, my beliefs, and even my possessions. Do your thinking ahead of time, Sugar. LBT