The American Empire in a Changing World


Wednesday, October 17, 2012

London Trader - ''The LBMA Is A Massive Ponzi Scheme''

From King World News

..........''So if I turn up to the LBMA and I say, ‘Out of your 5,000 tons of silver that you clear every day, I just want 300 tons.’  It shouldn’t be a problem.  It shouldn’t even cause a ripple.  But when you think about it, and that physical silver is leveraged 100 to 1, that’s more than the annual mine production of silver for the entire year when you do the math, including the leverage implications.''

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