While the Mainstream Media and Financial Network hacks delude Americans into believing the Fed and U.S. Treasury are in control of the financial and economic system, investors continue on a record eight-year buying spree of silver. This multi-year buying trend of silver is unprecedented in history.
As precious metal analysts-investors bicker about whether THIS IS A SILVER SHORTAGE or not, the U.S. and world moves closer to the worst collapse in human history…
From the SRSRocco Report:
Precious metal investors need to understand just how different this current trend of elevated physical silver demand is compared to previous periods in history. Very few individuals realize that during the rise in the price of silver during the 1970 decade, investors were net sellers of silver:
Total new silver supplies fell far short of meeting these requirements. From 1971 through 1978 there was a cumulative deficit of new supply over demand of 415.8 million ounces. The silver that filled this gap came from the 620.5 million ounces of silver inventories – many held by investors – built up during the previous seven years. By becoming net sellers of silver, investors replaced the U.S. Treasury as the source of silver to make up for a major, ongoing shortage of silver.
So, the price of silver rose from $1.5 to over $5 even though 620.5 million oz (Moz) were supplied from inventory stockpiles during 1971-1978… mainly from investors. The main drivers behind the price rise were skyrocketing oil prices and large buying by the Hunt Brothers and other institutions.
The public didn’t get involved in buying silver until the later part of 1979 and 1980. Unfortunately, this was at the time the price of silver peaked at $49 an ounce. As the price of silver fell to $4.98 in June 1982, so did silver investment buying. However, buying picked up once again later that year due to several circumstances:
In late 1982 investor interest in silver was rekindled by several forces, all of which emerged at roughly the same time. The international financial market panic led some investors to turn to silver. Others were attracted by what they saw as unsustainably low prices. Investment demand also was encouraged by a rapid easing of credit market conditions by monetary authorities in most industrialized nations; this easing led to an immediate revival of inflation fears. As a result of all of these forces coming to bear at once, investment demand picked up during the second half of 1982 and the first quarter of 1983. This influx of investor buying helped take silver prices from the June 1982 low of $4.98 to a peak of $14.72 in March 1983.
Here we can see, that when investors returned back into the silver market, the price of silver increased from $4.98 in June 1982 to a high of $14.72 in March 1983. The difference in the 1982-1983 silver buying trend compared to the previous decade (1971-1978), is that the public was the main driving force in silver demand, while large individual buyers (Hunt Brothers & etc) were the dominant players.
Furthermore, the public’s buying of physical silver during this time occurred during brief periods (1979-1980 & 1982-1983). This is much different from the current trend that started in 2008…. the year the U.S. banking industry died.
This can be seen in the following chart:
Total Silver Bar & Coin demand in 2007 was 51.2 Moz. This picked up significantly in 2008 to 187.3 Moz and remained elevated for the next seven years. Silver Bar & Coin demand hit a record 243.6 Moz in 2013, due to low prices, declined in 2014 to 196 Moz, but will likely jump substantially in 2015 to over 240 Moz.
Investors purchased a stunning 1.2 billion ounces of silver from 2008 to 2013. Of the 1.2 billion oz in Silver Bar & Coin demand, Official Coin sales accounted for 657 Moz or 55% of the total.
Even though the price of silver has declined since 2011, investors continue to purchase record amounts of physical silver. This is a much different situation than the previous buying periods of 1979-1980 and 1982-1983. In both of these previous buying periods, the price of silver rose considerably. However, in this four-year period since the price of silver peaked in 2011, investors are buying more silver than ever.
Silver Product Shortage With Three Times The Product Supply
I discussed this topic in my previous article BEWARE: What If This Retail Silver Investment Shortage Doesn’t End:
SilverDoctors interviewed Tom Power, CEO of the Sunshine Mint back on Sept 7th. If you haven’t listened to that interview, I highly recommend you do. The Sunshine Mint is one of the largest silver mints in the United States. They provide a good portion of the silver blanks for the U.S. Mint.
One of the interesting things Tom said during the interview was that the Sunshine Mint’s annual silver production level increased three times from 25 Moz in 2008 to an estimated 75-80 Moz this year. We must remember, there was a huge spike of retail silver investment demand in 2008 when the price of silver fell from $20 to $8.50. There were huge product delays and high premiums… much like the present conditions today.
Now, what I didn’t include in that article is the chart below. Clearly, we can see just how much more Silver Eagle buying is taking place this year compared to 2008:
The Silver Eagle shortage in 2008 started in June after the price peaked in March at $21 due to the bankruptcy of Bear Stearns. Even though the price of silver declined until October after a hitting second peak in July 2008 of $19, investors continued to purchase record amounts of silver increasing shortages and pushing premiums to extremely high levels.
Interestingly, the same jump in Silver Eagle buying also took place in June of 2015 due to the possible Greek Exit of the European Union and the Chinese market crash. However, the amount of Silver Eagle buying of 18.8 Moz (Jun-Jul-Aug-Sep 2015) was more than three-times the 2008 period of 6.1 Moz.
Thus, the silver product shortages are taking place even with three-times the silver product supply. This is an important factor to understand.
While silver product shortages are taking place, they are not yet widespread. So, for all the precious metal investors who like to leave comments on various blogs that they could buy 30 Silver Eagles on Ebay with no wait, or from another dealer with with only a week or two delivery time… there are still shortages taking place in many areas in the retail market.
Short-sighted investors need to realize country, or worldwide shortages don’t happen overnight. They start in certain areas and move throughout the system. If financial and economic conditions deteriorate by the end of 2015 and into 2016, silver product shortages will only get worse. Which means, we could see retail product shortages extend into the wholesale 1,000 oz bar market.
Present Silver Buying Trend Is Unprecedented
Regardless, the present eight-year silver buying trend by the public signifies a much different situation than what took place during the 1979-1980 and 1982-83 periods. Investors bought record amounts of physical silver during the 2008-2011 price rise period and even more during the price decline period from 2012-2015.
Silver Bar & Coin Buying Trends
2008-2011 = 628.5 Moz
2012-2015 = 817.6 Moz (based on 2015 estimated 24o Moz)
Investment demand 1981-early 1982 and 1984 and onward, declined as the price of silver fell. However, the 2012-2015 silver price decline period will actually show an increase in buying (817.6 Moz estimated) compared to the price-rise period (2008-2011) of 628.5 Moz.
Thus, the present silver buying trend is unprecedented. Why? It’s taking place during a four-year price decline period while the previous surges occurred as prices spiked or increased (1979-1980, 1982-1983 & 2008-2011).
I believe investors are still buying silver even though the price has continued to fall because they realize the GREAT FINANCIAL COLLAPSE is still coming. Furthermore, the highly leveraged debt-based financial system is taking place as the world peaks in global oil production. A perfect example of this forecasted rapid decline in U.S. Shale oil production.
The Coming Collapse Of U.S. Shale Oil Production
According to the EIA – U.S. Energy Information Agency, U.S. oil production peaked in June at 9.6 million barrels per day (mbd) and is currently at 9.1 mbd. However, production from the top shale oil fields peaked in April at 5.3 mbd and is forecasted to fall to 5.0 mbd in October:
To get an idea of just how bad the coming collapse in U.S. shale oil production will be, let’s take a look at two charts by Jean Laherrere based on ultimate recoverable reserves from the Bakken and North Dakota:
The GREEN LINE in the chart represents Bakken oil production (inside North Dakota, as small percentage is from Montana), while the purple line denotes the rest of North Dakota. As you can see, Jean’s chart shows Bakken oil production peaking and falling to 400,000 barrels per day (bd) by 2020 and less than 100,000 bd by 2025.
This is a huge drop in the current 1.2 mbd of oil the Bakken is producing currently. If we assume the same kind of declines in the Eagle Ford and other shale oil fields, U.S. domestic oil production will likely fall 30-40% by 2020 and 60-70% by 2025. This will be the nail that finally destroys the U.S. Empire and economy.
Unfortunately, there are still many analysts and investors who a completely clueless to the coming energy crisis. I still receive countless emails from readers informing me that there are trillions of barrels of oil still out there in LaLa Land or there are new energy technologies that will solve our problems.
Actually, I wish this was true, but it isn’t. This sort of wishful thinking takes place because individuals do not want to face the reality…. a reality that is just too damn horrible to swallow. So, instead of facing reality, many continue dream of SUGAR PLUMS DANCING IN THEIR HEADS.
As precious metal analysts-investors bicker about whether THIS IS A SILVER SHORTAGE or not, the U.S. and world moves closer to the worst collapse in human history. This is actually worse than musicians playing music on the Titanic as it sinks. Why? There were 713 survivors on the Titanic of the total 2,229 passengers and crew. Thus, 32% survived the sinking of the Titanic, whereas only 1-2% of investors have gold and silver lifeboats.
AGXIIK says:
@SRSrocco Thank you for providing such good intel on the world of precious metals and oil. It’s hard to know enough about the dynamics of silver over the last 45 years since most people were kids, or worse, dumb asses who didn’t start figuring out what is going on until recent years. 😉
The references to how silver, its inventories and prices behaved and why they acted the way they did in the 1970s and 1980 as well gives us some hope that we will find our way of this valley of pricing tears. History might repeat itself and it might rhyme too, so the current precious metals paradigm may auger in some surcease to the constant relentless grind of bad news and gloom about the markets.
Maybe those of us who stacked in the past, all the while hoovering up everything we can at today’s prices will actually find ourselves on the right side of the price curve fairly soon or at least within a year.
Hopefully the world won’t go into the toilet before we have the chance to enjoy the fruits of our patience in holding silver through the depths of the price depression and be vindicated in our long term faith in precious metals.
SRSrocco says:
AGXIIK,
That would be the HORRIBLE IRONY aye? Silver goes to $500, but the supermarket shelves are empty and most retail trade has imploded. So, even though we have all this valuable silver… nothing to buy…LOL.
However, I see it playing out differently. Either way, I don’t know what else to invest ones surplus capital once you have all the survival necessities.
steve
don quixote says:
Humanity has a decision to make. It must embrace honest money going forward or face centuries more slavery to the babylonian banksters. Many are trapped in the matrix and will suffer upon waking, but imagine 1950s America with silver as money. That’s hopefully what we can return to: a world without inflation; a world of optimism and simple pleasures.
Ed_B says:
“… but imagine 1950s America with silver as money.”
Some of us don’t need to imagine this. All we need do is… remember.
chuckken says:
The only, sugar plums dancing are the ones in “your” head!…We have oil reserves up the wing wong in Alaska…Just waiting for the right time to tap in.
chuckken says:
Say what you will about this guy…what he says in this video is absolutely correct.
SRSrocco says:
chuckken,
I normally don’t leave comments on the blog, but every couple of years I do.
Yeah… many folks have watched Lindsey’s videos and listened to his notions about Gull Island and all the billions of barrels of oil up in Alaska. While it sounds nice and a lot of people fall for this faulty conspiracy, the facts show that Gull Island has only 800 million barrels and its only viable at $110+ oil prices.
Which is why BP stopped construction before they lost their shirt on the project. I discussed this in detail in one of Doc’s post back in 2012:
http://www.silverdoctors.com/are-the-elite-misleading-the-public-through-folks-like-alex-jones-lindsey-williams/
I like Lindsey, however he like many folks are mistaken by fault info. Instead of looking at the data and using common sense, they make some pretty outrageous claims that are not supported by real data.
Bix Weir is also guilty of this with his ROAD TO ROOTA story that the Grand Canyon holds all this gold and the Federal Reserve is a good thing. Bix also believes in the fairy tale of Gull Island oil riches.
It’s quite a shame that some very outspoken folks in the precious metal community continue to spread this sort of nonsense. It destroys credibility.
Lindsey Williams said the Gull Island fields was going to be drilled using the largest oil rig in the world called the Liberty Rig. He said it was the largest rig because it was the largest oil field in the world. Unfortunately, this is pure nonsense. The largest oil fields in the world, Saudi Arabia, Kuwait and fields in Texas were all drilled with standard inexpensive oil derricks.
However, the Gull Island field is located 5 miles off the coast of Alaska. Thus BP was going to drill a 5 mile horizontal well to tap into the oil field. After BP’s disaster in the Gulf of Mexico, and the increasing costs and technological difficulties in getting to the Gull Island field, they stopped the project.
BP realized they needed $110 a barrel of oil to make that project commercial and the technical difficulties were so complex, if there was a blowout or problem, the disaster would be even worse than the Gulf of Mexico.
Folks, while Conspiracies do take place, not everything is a conspiracy.
steve
Ag patient says:
This guy is a complete and absolute total clown who’s obviously escaped from the same asylum as Marshall Swing and his buddy Bo.
chuckken says:
That’s why I said, “say what you will”…but you were not there!…He was!…Listen, I could care less what you believe…All I know is when he said gas was going up to 4-5 dollars a gallon in Cal…(it did)…and there were a lot of other things he was told would happen…(and they did)…and it is “not” a coincidence that he was talking about the Arabs flooding the market with “cheap oil” back in 2006…The Elites plans change sometimes, but for the MOST part he has been right on with the info he was given…Believe what you wish.
Ag patient says:
It’s not about what I believe … it’s about what I actually know about the subject. I worked as an exploration geologist for Pecten International (an international subsidiary of Shell Oil) in the 1980’s and for the US Geological Survey in the 1990’s. I even grew up as a kid in the 1960’s about two blocks from the very Shell Research building in Houston where M. King Hubbard himself predicted (in 1956) that production of US oil fields would peak in 1970 and it did (hence the consequential move to the petro-dollar). I don’t hang with the elites or even pretend to like this idiot williams. I do my own research and thinking which is why I know rather than believe.
Ranger says:
Chuckken,
As one old Geezer to another, I cannot tell you Thanks for the Linsay Williams video.
Well worth the time and your effort to post it here and view it. The many here that don’t watch the truth spoken are missing a Helluva lot!
Thanks again,
Ranger
Pale Rider says:
The end is near!
Shamus001 says:
The End?! The delicious, sniffible, lickable end!?
*Wags Tail*
*Wags Tail*
Ed_B says:
Down, boy, down! Behave yourself or no treat! lol
gogetter1132 says:
Big props to SRSROCCO, one of the few remaining “boots on the ground” fundamental analysts still out there. His work is a breath of fresh air among the Blo Phoney and Marshwall Swing’s of the PM world.
DanDaley says:
Show me the major oil field discoveries in the last 30 years (more than 2 billion barrels). Having trouble??
Maybe this will help you see that we are past the peak of big oil finds: https://en.wikipedia.org/wiki/List_of_oil_fields
And no, abiotic oil is not coming to the rescue. It is better termed idiotic oil…because it doesn’t exist…otherwise fields would not be getting depleted, which they are.
chuckken says:
DanDaley
Apparantly, you didn’t watch the video…I recommend you take the time to watch the entire Lindsey Williams video which I posted…If you choose not to believe him…well, there is simply no hope for you….This video was in 2006. Notice what he said about the Arabs plan of “flooding” the market in the future?…This is exactly where we are today…Easy to see what’s coming next.
Ag patient says:
More like if you or anyone else even chooses to listen to that peak idiot, there is no hope for you.
chuckken says:
I will put my belief in someone who was there for 3 years before I would believe some moron like you on a silver forum.
Ag patient says:
Whatever … you fool.
http://www.wsj.com/articles/shell-to-cease-oil-exploration-offshore-alaska-1443419673
http://www.peakprosperity.com/podcast/94455/kurt-cobb-money-cannot-manufacture-resources
chuckken says:
If you believe those articles and info…Then “you” sir are the fool…You are doing exactly what they want you to. You probably believe ABC, NBC, CNN, and FOX too!…lol!…Why don’t you actually “watch” the video and then respond…Don’t react over some other Lindsey video you may have watched….(You might even learn something)…Who knows?…Stranger things have happened…After you go live with the Elite for 3 years, come back and say something…(I may listen).
Ag patient says:
Yep. You chukked a huge load of poo here in the comment section then stepped right in it — and now you can’t figure out how to tell everyone you don’t stink by lying that I’m some kind of religious believer of MSM.
Again, this subject matter is not about a belief system as pastor williams would have you retards believe. Take it from the horses mouth, my former employer from back in the 1980’s, and even they will tell you that producing Arctic oil is a multi-billion dollar fail and that not just Shell has found insufficient oil reserves to make it profitable to drill in the Arctic, but so has ExxonMobile, Chevron, Rosneft, Gazprom, and every single other oil production company.
http://royaldutchshellplc.com/2015/10/04/myths-about-shells-arctic-alaska-pullout-persist/
http://www.energypost.eu/exit-ahead-shell-end-oil-superhighway/
http://www.ogj.com/articles/2015/09/shell-lets-subsea-contract-for-stones-project.html
http://priceofoil.org/2015/07/08/shell-suffers-mishap-doomed-arctic-drilling-campaign/
http://www.alaskajournal.com/2015-09-28/shell-abandons-arctic-oil-drilling
But I can see that this for me is like arguing with a retard, have a great life with the pastor and his elite connections.
Ed_B says:
You are forgetting something, Dan. Abiotic oil does exist but its formation is SLOW… WAY slower than the rate of oil consumption… perhaps even orders of magnitude slower. The world’s oil reserves in 1800, which was before people really started using petroleum for much of anything, had been collecting for hundreds of millions of years. Then, in less than 200 years has been largely consumed.
Imagine, if you will, a large oil storage tank. Oil is being quickly pumped from this tank and into tanks onboard a ship. At the same time, there is a small oil drip flowing into the tank. Guess what happens when the pumping and dripping continue. The tank goes empty, which is what we are seeing in a lot of the world’s oil fields now. If the pumping is stopped and does not resume for a LONG time, the dripping will refill the tank.
Check out the work of Dr. Thomas Gold sometime. He participated in an abiotic oil experiment where oil was found in rock formations where the conventional petroleum theories said that NO oil should exist there… but there was. It wasn’t much, a few barrels IIRC, but scientific proof is often like this. The proof was that there WAS oil in a place where conventional theories of oil formation said that there could not be ANY. Even a drop of oil there does significant damage to the conventional theories.
chuckken says:
Watch what he says at 1:02:00 in the video about Arabs flooding with “cheap oil”…keeping in mind this video is in 2006. You’ll forgive me then if I continue listening to this so called “crack pot” over a Silver forum “crack pot”.
chuckken says:
Ag patient
Yep…I see MSM got you to bite hook, line, and sinker!…lol. The only one around here who stinks is you ole boy…and man!…YOU REEK!…It’s okay…I have to deal with retards like you every day. Have a great dumbed down life you shallow man.
Ranger says:
Chuck,
Read the reviews of the uninformed that scathed you and the video. Why they are here? (Trolls masquerading as smart folk I guess, is beyond me) These people probably don’t know about “Victory Gardens”. when I was a boy, I helped my grandmother plant them!
Don’t let the Trolls get under your skin!
Best Regards,
Ranger
chuckken says:
@Ranger
Thanx buddy!…Don’t worry, I eat trolls for lunch then puke them down the toilet!…lol…I guess you can call it my form of victory garden fertilizer…lol.
chuckken says:
By Joel SkousenWorld Affairs Brief
It’s well and good that Congress vote to stop filling the US Strategic Oil reserve because the US already has billions of barrels in the ground in Alaska–entire oil fields capped and drilled, but kept off the market. The filling of the Strategic Petroleum reserve is merely one more attempt to keep fuel in short supply. I will be blunt. There is a conspiracy to raise fuel prices and it is pernicious. No one is targeting the collusion we see daily between the oil companies. Fred Cederholm in a Baltimore Blog noted these careful observations during the latest and suspicious run up in gas prices–too rapid and too well coordinated to be a result of natural market demands. “It must have been some pricing strategy by all of the fuel retailers because the spike [of 13 cents a gallon] occurred everywhere, regardless of the company or the brand, at almost the same moment [within 2 hours]… I had already been on-line checking world-wide news and developments when a friend and neighbor stopped at the house to tell me I had better fill up immediately because a price jump was coming. I logged off and topped off my gas supplies for all of my fuel thirsty vehicles and gizmos. I then went back on-line to find out why the spike occurred. I found not one single development, catastrophe, or explanation. I found nothing to justify the jump!” Later, the media will always be fed some event used to justify the increase, just like their servile explanations that “the stock market rose today due to some company performing better than expected.” Nonsense. PUBLIC NEEDS TO DEMAND OPENING OF THE GULL ISLAND OIL FIELD I have long maintained that the US government is purposely keeping US oil discoveries off the market in order to allow insider oil companies to drive up prices and save US supplies for the next war. Evidence continues to confirm that charge. A massive oil/natural gas field exists under Gull Island, located in the waters of Prudhoe Bay in Alaska, according to Lindsay Williams. Williams was an Alaska oil field Chaplain who was so successful at boosting moral during the building of the Alaskan pipeline that he was given special access to many high level meetings at the Atlantic Richfield company. At one of those meetings, he witnessed, first hand, discussions confirming a successful find of a massive new oil field near Prudoe Bay in Alaska–at Gull Island the day before the meeting. A few days later, the chief operating officer of Atlantic Richfield for Alaska, Ken Fromm, who had invited Williams to the meeting, called him and told him he must never mention this new discovery–that the US government had classified it and was ordering it capped. It is still being held off the market and is not part of the environmental lock-down of oil in the Arctic National Wilderness. Williams was given a British Petroleum memoranda [probably by Fromm] which related the statements of upper echelon oil officials from Arco which said that Gull Island would be kept under wraps, limiting domestic supplies so Americans would someday see prices hit up to $10 a gallon at the pump. Lindsey Williams decided to violate that informal ban and publish a book, The Energy Non-Crisis, about the scandal. Ken Fromm was finally fired by Atlantic Richfield for allowing Williams in on the meeting and for helping correct technical details in Williams’ book. He told Williams that the Powers That Be were making sure his book would be suppressed and would not get any establishment media coverage. Here’s an excerpt from Chapter 17 The Energy Non-Crisis. The entire book is online and on U-tube videos: http://educate-yourself.org/cn/lindsywillaimsvideos22may07.shtml “Gull Island just proved what the oil companies have believed for some time. It authenticated the seismographic findings. Seismographic testing has indicated that there is as much crude oil on the North Slope of Alaska as in Saudi Arabia. Since the Gull Island find proved to be seismographically correct, then the other testings are correct also. There are many hundreds of square miles of oil under the North Slope of Alaska. “To clarify what I am about to say, let me first re-emphasize that the government permitted the oil companies to drill and prove many sites (subsequently making them cap the wells and keep the proof of the finds secret), but they do not allow them to produce from the wells. This is why I have referred (below) to a number of wells having been drilled (after I left the North Slope). The only production permitted is from the small area of the North Slope. “Gull Island is located five miles off shore from Prudhoe Bay. It is in the Beaufort Sea. The chemical structure of the oil at Gull Island is different from that of the oil in the Prudhoe Bay field and the pressure of the field is different, proving that it is a totally different pool of oil from that at Prudhoe Bay… Three wells have been drilled, proven, and capped at Gull Island. The East Dock well also hit the Gull Island oil pool (you can tell by the chemical structure). For forty miles to the east of Gull Island, there has not been a single dry hole drilled, although many wells have been drilled. This shows the immensity of the size of the field. “Only recently, just west of Gull Island, the Kuparuk oil field has been drilled. Again, this is a totally separate pool of oil from either the Prudhoe Bay field or the Gull Island field. The chemical make up of the field and the pressure of the field is different from the others, proving it to be a totally separate pool of oil. In an entirely different area of the North Slope than the 100-square-mile area of the Prudhoe Bay field, the Kuparuk field is approximately 60 miles long by 30 miles wide and contains approximately the same amount of oil as the Prudhoe Bay field. “From 1973 through 1980 we were being told continually that America was in the midst of a major energy crisis, yet no oil production was allowed from the Kuparuk field. It wasn’t until 1981 that permission was finally granted for production. Why the delay–if there really was a crisis? The reason Mr. X made the statement that there is as much crude oil on the North Slope of Alaska as in all of Saudi Arabia is because the oil companies have drilled all over the North Slope and have proven there is that much oil there, but still they are only allowed to produce from the small area.” “Americans will also be shocked to know that almost all Alaskan crude is shipped overseas (most to Japan) while America has to import most of its oil. “Possibly you have heard it stated that the Alaskan crude oil has such a high sulphur content that it cannot be refined by most oil refineries in the U.S. We are being told that this is the reason why the Alaskan oil is not helping to solve America’s energy crisis. This is also the excuse that is being used for shipping Alaskan crude oil to other countries. It has also been reported that major power companies are even telling this to their customers, using it to justify their need for rate increases….[However] An August 11, 1980, analysis of the Prudhoe Bay crude oil, which is flowing in the Trans-Alaska Oil Pipeline, reads as follows: Sulphur content – 0.9% The sulphur content of the Prudhoe Bay Alaskan oil is low in comparison to oil from other sources in the U.S., as well as many foreign oils.” World Affairs Brief – Commentary and Insights on a Troubled World. Copyright Joel Skousen. Partial quotations with attribution permitted. Cite source as Joel Skousen’s World Affairs Brief http://www.worldaffairsbrief.com
chuckken says:
@Ranger
Three weeks buddy…Oct 25th it will be a Sunday…I hope my sources are wrong, but in three weeks things are really going to change.
Off subject…here’s a good video…
chuckken says:
Marchas45 says:
Chuckken, thanks for the video although I already watched it. Pastor Williams was the one that got me to stacking and I haven’t looked back since and yes he has made quite a few predictions concerning TPTB that have come true and I still listen to him today more than anyone else including Steve.
Now why are they stopping the Alaskan Pipeline constantly? Environmental reasons? Yea right. Keep Stacking Hi! Ranger
peter says:
Just a reminder. The “spot” price here is false. Yes know all about bid/ask spread. The simple fact is ASK price is on average overstated by 8 cents. Wonder why that is? Hmm. Beware bros. Go check yourself. Those selling silver use the same trick. Makes their “above spot” price look better.Who wants to do business with people like that?
Ed_B says:
That issue would be relevant IF one could buy silver from a reliable vendor for less elsewhere.
chuckken says:
Okay…just one more from Wolf…This one is important cause he runs down in detail what happened in Greece and how that pertains to us…it’s long but well worth the time to watch.
Ag patient says:
Well, what the hell can I say? You old dogs can eat your own poo if that’s what you do. I’ll have none of it!
But beware that the stupid clergy and economists you are being schooled by don’t even have a clue about the difference between shale gas condensate and real “oil” …. but I digress.
Bon Appétit!
~~good&evil~~:< says:
Black Debt
Energy derived from fossil fuels be it from coal, oil, gas or uranium for nuclear fission and these explosive energy’s transferred into kinetic energy be it to directly drive a piston or indirectly boil water into steam to drive a turbine in order generate electricity and these the technologies used by the elite to rule over us at this time for it is the metering of this energy which enables the implementation of their reserve currency for it being backed by a transitional commodity must by its very nature continue to expand its demand and therefore credit to the consumer ….