Following
a
remarkable
9
week
silver
market
rally,
Bill
Murphy
of
GATA.org
says
that
the
gold
cartel
is
back
in
play
in
the
silver
market.
Another
likely
explanation
for
recent
volatility
includes
the
upcoming
stealth
rate
hike
by
Fed
policymakers.
Chairwoman
Janet
Yellen's
comments
last
week
startled
investors.
The
Fed
Funds
Futures
contracts
(FFF)
indicates
high
odds
of
a
rate
hike
at
the
upcoming
FOMC
meeting,
slated
for
March
14-15.
The
unexpected
move
will
come
4
months
earlier
than
previously
forecasted
by
the
FFF.
In
2010,
the
silver
market
remained
subdued
for
nearly
a
year,
before
staging
a
200%
rally.
Given
the
bottoming
price
action,
the
market
could
be
carving
out
a
similar
bottom.
The
guest
and
host
concur
that
silver
is
destined
for
triple
digits.
According
to
Zero
Hedge,
160
million
Americans,
over
half
the
country
cannot
withstand
a
$500
emergency
expense.
Such
a
dire
savings
dilemma
implies
that
only
a
small
fraction
of
the
populace
have
procurred
sufficient
PM
ahead
of
the
coming
economic
deluge.
Once
the
herd
recognizes
the
threat,
the
inelastic
supply
/
demand
conditions
could
result
in
a
flock
of
"Black
Swans."
Nearly
2,000
global
billionaires
hold
$6.5
trillion
in
wealth
-
just
one
billionaire
like
silver
aficionado
Hugo
Salinas
Price,
could
corner
the
silver
market.
Rogue
economist,
John
Williams
of
Shadowstats.com
says
the
Great
Recession
of
2008-2009
is
still
underway,
contrary
to
the
mainline
media.
Although
the
official
national
unemployment
rate
is
steady
at
under
5%,
the
true
unemployment
rate
is
at
least
4
times
as
high
at
23%.
The
slight
of
hand
requires
an
epic
cover-up
on
a
grand
scale.
John
Williams
outlines
how
the
PTB
accomplished
the
feat
and
the
economic
implications.
Discouraged
workers
are
no
longer
counted
due
to
changes
in
the
unemployment
calculations
making
the
economy
in
worse
shape
than
reported.
When
the
true
inflation
rate
is
used
to
deflate
GDP
numbers,
the
US
has
been
in
an
unofficial
recession
for
16
consecutive
years.
Free
trade
has
positive
theoretical
economic
benefits,
but
deleterious
ramifications
for
many
high
quality
domestic
jobs.
Ultimately
the
economic
fallout
will
impact
the
Greenback,
which
will
collapse
sending
the
yellow
metal
to
at
least
$10,000
and
perhaps
many
fold
higher.
Case
in
point,
in
Venezuela
recent
reports
show
that
a
silver
coin
suddenly
buys
$250
worth
of
groceries.
Right
click
above
&
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
Guest
Biographies
Bill
Murphy
GATA.org
Bill
Murphy,
GATA
Chairman
Murphy
grew
up
in
Glen
Ridge,
N.J.,
and
graduated
from
the
School
of
Hotel
Administration
at
Cornell
University
in
1968.
In
his
senior
year
he
broke
all
the
Ivy
League
single-year
pass-receving
records.
He
then
became
a
starting
wide
receiver
for
the
Boston
Patriots
of
the
American
Football
League.
He
went
on
to
work
for
various
Wall
Street
brokerage
firms
and
specialized
in
commodity
futures.
He
began
as
a
Merrill
Lynch
trainee
and
went
on
to
Shearson
Hayden
Stone
and
Drexel
Burnham.
From
there
he
became
affiliated
with
introducing
brokers
and
eventually
started
his
own
brokerage
on
5th
Avenue
in
New
York.
He
now
operates
an
Internet
site
for
financial
commentary,
www.lemetropolecafe.com.
John
Williams
aka
Walter
J.
"John"
Williams
was
born
in
1949.
He
received
an
A.B.
in
Economics,
cum
laude,
from
Dartmouth
College
in
1971,
and
was
awarded
a
M.B.A.
from
Dartmouth's
Amos
Tuck
School
of
Business
Administration
in
1972,
where
he
was
named
an
Edward
Tuck
Scholar.
During
his
career
as
a
consulting
economist,
John
has
worked
with
individuals
as
well
as
Fortune
500
companies.
John
Williams'
Shadow
Government
Statistics
is
a
monthly
electronic
newsletter
that
exposes
and
analyzes
the
flaws
in
current
U.S.
government
data
and
reporting,
as
well
as
in
certain
private-sector
numbers.
It
also
looks
at
the
financial
markets
free
of
the
hype
so
often
put
forth
in
the
popular
financial
media.
Generally
published
on
the
second
Wednesday
of
the
month,
the
newsletter
is
supplemented
by
Flash
Updates
and
occasional
Alerts
that
highlight
unusual
developments.
