Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

Silver Bars - Public DomainWhy in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit.  As I write this, it is sitting at the ridiculously low price of $15.66 an ounce.  So up to this point, JP Morgan’s investment in silver has definitely not paid off.  But it will pay off in a big way if we will soon be entering a time of great financial turmoil.

During a time of crisis, investors tend to flood into physical gold and silver.  And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders…

Some things never change — there will be another crisis, and its impact will be felt by the financial market.

The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets

And Dimon is apparently putting his money where his mouth is.

If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals.  And in particular, silver is a tremendous bargain for a variety of reasons.  Personally, I like gold, but I absolutely love silver – especially at the price it is at right now.

Over the past few years, JP Morgan has been voraciously buying up physical silver.  Nobody has ever seen anything quite like this ever before.  In fact, JP Morgan has added more than 8 million ounces of physical silver during the past couple of weeks alone.  The following is an extended excerpt from a recent article by Mac Slavo

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According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.

They’re baaaaack. Yes, “old faithful” is back at it again!

Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissions of newly-stacked silver being made in their Comex warehousing facilities.

Yet, after a 16 month period of “dormancy” within their Comex warehouse vaults, these guys have returned with a vengeance.

In fact, our old buddies at JP Morgan Chase, not only see value in silver here, but they’re currently standing for delivery in their own house account in such strong numbers, that it commands our attention.  Let me show you what I mean.

Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan:

April 7th: 1,110,000 ounces

April 8th: 1,280,000 ounces

April 9th:  893,037 ounces

April 10th: 1,200,224 ounces

April 14th: 1,073,000 ounces

April 15th: 1,191,275 ounces

April 16th: 1,183,777.295 ounces

This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, it’s such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgan’s vault stockpile:

JP Morgan Silver

All in all, JP Morgan has added over 8.3 million ounces of additional silver in just the past 2 weeks alone.

 Full report at The Wealth Watchman (via Steve Quayle and Realist News)

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So why is JP Morgan doing this?

Do they know something that the rest of us do not?

Meanwhile, JP Morgan Chase has made another very curious move as well.  It is being reported that the bank is “restricting the use of cash” in some markets, and has even gone so far as to “prohibit the storage of cash in safe deposit boxes”…

What is a surprise is how little notice the rollout of Chase’s new policy has received.  As of March, Chase began restricting the use of cash in selected markets, including  Greater Cleveland.  The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and  auto loans.  Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes .  In a letter to its customers dated April 1, 2015 pertaining to its “Updated Safe Deposit Box Lease Agreement,”  one of the highlighted items reads:  “You agree not to store any cash or coins other than those found to have a collectible value.”  Whether or not this pertains to gold and silver coins with no numismatic value is not explained.

What in the world is that all about?

Why is JP Morgan suddenly so negative about cash?

I think that there is a whole lot more going on behind the scenes than we are being told.

JP Morgan Chase is the largest of the six “too big to fail” banks in the United States.  The total amount of assets that JP Morgan Chase controls is roughly equal to the GDP of the entire British economy.  This is an institution that is immensely powerful and that has very deep ties to the U.S. government.

Could it be possible that JP Morgan Chase is anticipating another great economic crisis?

We are definitely due for one.  Just consider the following chart from Zero Hedge.  It postulates that our financial system is ready for another “7.5 year itch”…

7.5 Year Itch

JP Morgan certainly seems to be preparing for a worst case scenario.

What about you?

Are you getting ready for what is coming?

The Last Days Of America? 25 Signs Of Extreme Social Decay

Are we on the verge of societal collapse?  Many of the greatest empires throughout world history were not conquered by outside forces.  Rather, they crumbled inwardly as extreme social decay set in.  There have been many that have compared the last days of the Roman Empire to what America is going through right now.  In the decades following World War II, the United States was the most powerful and the most prosperous nation on the entire planet, but now things are rapidly changing.  There are literally thousands of signs that our society is collapsing all around us.  All you have to do to see this is turn on a television or pick up a newspaper.  I spend a lot of time discussing our nightmarish economic and political headaches in this column, but the truth is that our problems go much deeper than that.  Even if a major miracle happened and we got the “right person” into the White House, the Federal Reserve was shut down, our 16 trillion dollar national debt was paid off, our trade deficit went to zero, a solution was found for the quadrillion dollar derivatives bubble and the “too big to fail” banks were broken up, we would still be facing a national crisis of unprecedented magnitude.  The cold, hard reality of the matter is that America has become an absolute cesspool of filth and corruption, and the thin veneer of civilization that we all take for granted is rapidly disappearing.  Until we get our hearts right, there is not much hope for the future of this once great nation.

So are these the last days of America?  The following are 25 signs of extreme social decay….

#1 We have come to accept that it is “normal” that security goons should be allowed to touch the private parts of our women and our children in the name of “national security”.  Just check out the ordeal that conservative radio host and Breitbart editor Dana Loesch suffered through recently at the hands of the TSA

They performed the regular pat-down and then the agent informed me that she would be using the front of her hands to “sweep” my groin. She pressed and swept across my crotch three times horizontally and three times vertically. In any other circumstance this would be sexual assault.

The agents themselves were friendly and smiled, yet I was still denied a public screening and no witness of my own present for the screening itself (a second agent was in the room at the time). I had no reason to be angry with the agents themselves, yet I was angry, and still am, at the regulations which require them to routinely violate men, women, and children in the name of a false sense of security.

#2 Police up in New Jersey say that a man kept his girlfriend padlocked in a bedroom for most of the last 10 years.

#3 It is hard to imagine some of the sick things that people do behind closed doors.  Down in Florida, one former medical examiner was apparently collecting human body parts

In what could be described as an episode of “Auction Hunters” turned reality horror show, authorities in Pensacola are investigating after finding human brains, hearts and lungs in a storage unit they say belonged to a former medical examiner.

Someone bought the storage unit at an auction last week and noticed a foul smell as they were sifting through furniture and boxes.

Officials at the medical examiner’s office in Pensacola say the remains of more than 100 people were found crudely stored in Tupperware containers, garbage bags and drink cups.

#4 A former fifth grade teacher down in Atlanta has admitted that she helped her students cheat because they were “dumb as hell“.

#5 Many debt collectors are willing to say absolutely despicable things in order to collect debts.  One debt collector recently told a disabled military veteran that if he would have “served our country better” he would not be disabled and that he “should have died“…

“If you would have served our country better you would not be a disabled veteran living off Social Security while the rest of us honest Americans work our asses off,” one of the agency’s debt collectors allegedly told the vet. “Too bad, you should have died.”

Michael Collier was declared 100 per cent disabled after suffering permanent spine and head injuries while in the Army. As a result, both Collier and his wife receive disability payments from the federal Social Security Administration, which are exempt from seizure by debt collectors.

#6 In many areas of the country, street drugs have become so powerful that they are pushing users completely over the edge.  Of course there is never any excuse for murdering children, but would any rational person do this kind of thing without being high on drugs?…

A Camden, N.J. man was charged with murder for allegedly slashing the throat of a 6-year-old Camden boy. Police say he told investigators he was smoking a combination of marijuana and PCP, known as “Wet” just before the killing.

Osvaldo “Popeye” Rivera, 31, was arrested Sunday afternoon and charged with murder and attempted murder.

Police say Rivera was trying to sexually assault the boy’s 12-year-sister and the little boy tried to come to her defense. Investigators say Rivera slashed the throats of both children.

#7 A school bus driver in Wisconsin recently told a 12-year-old boy that “maybe your mother should have chosen abortion for you” because he didn’t like the Romney campaign sign standing in his front yard.

#8 We are continuing to see a rash of “zombie attacks” all over the nation.  The following is one recent example from Pennsylvania….

A Doylestown man, who was naked and bleeding profusely, gnawed on woman’s head all while “screaming like an animal” during a wild neighborhood rampage, state police said.

#9 A beekeeper over in North Carolina says that someone recently stole 20,000 bees from his property.

#10 Evidence of social decay extends to the highest levels of the federal government.  Just check out what some highly paid federal workers have been doing when they were supposed to be working…

In 2006, the deputy press secretary for the Department of Homeland Security was arrested for trying to seduce online someone he thought was a teenage girl. Four years later, the Securities and Exchange Commission found that 17 of 31 employees caught accessing porn at work since 2008 — one for up to eight hours a day — were senior staff.

In 2010, the Boston Globe reported that senior Pentagon staff were downloading child porn. Instead of generating a media storm, the story died. Senior staff were watching the sexual torture of small children on Pentagon computers, and Americans were not outraged?

#11 In a shocking murder trial in southern California, prosecutors have played a tape of a former chef admitting to police that he slow cooked the body of his wife for four days.

#12 The United States has the highest incarceration rate in the entire world, and many of our prisons are absolute hellholes.  The following is what a former inmate named Daniel Miller recently told Business Insider about what really goes on inside our prisons…

“When they found out the black homosexual had approached me talking that homosexual stuff, I was told ‘Look you have to stab him or pipe him down,'” Miller recently told Business Insider about his first experiences during two decades spent in and out of prison, most recently for robbery.

“The guys were there just to make sure I actually split this guy’s head open.”

Those “guys” were the Aryan Brotherhood, one of the most famous and feared jailhouse gangs.

Miller, now 38, joined up when he first entered the correctional system in Kansas as a teen. He bounced around a number of different facilities before being released on Sept. 19 this year.

“At 16 years old, I wanted to be accepted in prison,” he said. “I would fight everybody.”

He grew so cold and so good at fighting he became the one ordering attacks on fellow inmates — something that still haunts him.

#13 A 7-year-old boy was part of a gang of youths that recently invaded the home of a 51-year-old woman and beat the living daylights out of her.

#14 What in the world has gotten into our kids?  Many of them have literally turned into little monsters.  Just check out what two little boys recently did to a church in Virginia

Two little boys caused thousands of dollars worth of damage to a Loudon County church, according to officials.

The vandals used the children’s toys and art supplies to damage the sanctuary, fellowship hall, and Sunday school rooms. They also smeared food for needy families and their own feces and urine on walls and floors.

According to Loudon County Sheriff Tim Guider, all that damage was done by two boys, aged 6 and 7.

#15 A former high school English teacher has been accused of having sex with five different male students.  The most disturbing part is that she is a mother of three children and her husband is serving this country in the U.S. Army.

#16 You might want to think twice before becoming a pizza delivery worker.  Just check out what happened over in Dallas recently…

Two Dallas teens called in a pizza order to lure a delivery worker to a Grand Prairie house, then beat the woman in the head with a pistol and sexually assaulted her on the porch, according to Grand Prairie police reports released Wednesday.

Bleeding and wearing just a bra, the 30-year-old woman drove herself back to a Grand Prairie Pizza Hut, the reports stated.

The 17-year-olds accused in the July 24 robbery and sexual assault were in custody Wednesday at the Lew Sterrett Justice Center in Dallas in what Grand Prairie police are calling one of the city’s “most heinous offenses” in recent memory.

#17 According to shocking new research by the Centers for Disease Control and Prevention, approximately two-thirds of all Americans in the 15 to 24 year old age bracket have engaged in oral sex.

#18 Last year it was reported that 86 teen girls at one high school in Memphis, Tennessee were either pregnant or had recently given birth.

#19 Sex trafficking has become a raging epidemic in America.  It is estimated that there are now approximately a million prostitutes in the United States.  Most of them are being trafficked by male “pimps”.

#20 As our social decay gets even deeper, it is going to become more important than ever to secure our homes.  Just check out what happened over in Kansas City, Missouri recently…

An elderly couple is recovering Tuesday after they were brutally beaten inside their south Kansas City home.

The woman was also raped, according to a police report.

Tony L. Putman, 18, of Kansas City was charged with six felonies Tuesday afternoon. The charges include one count of rape and two counts of robbery.

The couple’s ordeal began about 1:30 p.m. Monday when a man broke into their home near 73rd Street and Campbell Avenue. Entry was gained through a basement window, which was broken.

#21 It is becoming easy to understand why so many Americans are arming themselves these days.  Even Brad Pitt says that he “doesn’t feel safe” without a gun.

#22 In this day and age you often can’t even trust the police.  Just check out this recent example

Police in Cherryville took bribes, helped transport stolen goods and extorted money in a multi-state operation that raked in at least $750,000, according to federal indictments unsealed Wednesday.

FBI agents flocked to the Cherryville Police Department and several homes in Cherryville Wednesday morning, loading up boxes of evidence and making arrests.

#23 Overall, more than 50 million abortions have been performed in the United States since Roe vs. Wade was decided back in 1973.  At this point, the number of babies killed by abortion in America every year is almost as high as the total number of military deaths in all of U.S. history.

#24 Respect for parents has declined to shockingly low levels in America.  Just check out what one son down in Florida recently did to his own mother

A Florida man yesterday rubbed dog feces in his mother’s face during an argument in the home they share, police report.

Cops arrested William Jenkins, 22, on a felony domestic battery charge for pushing his mother, 53, to the floor during the dispute, according to a Palmetto Police Department report.

When questioned by cops, Jenkins denied pushing his mother, but admitted that he “did rub dog defecation on her face because she yelled at him,” investigators noted.

#25 A 21-year-old Utah man is being accused of stabbing his grandmother 111 times and then removing some of her organs.  But news like this hardly makes headlines anymore because crimes such as this one have become so common.

Sadly, a list like this one could go on indefinitely.  More examples of extreme social decay pop up in the news almost hourly.

But we don’t like to admit that we have problems.  Our politicians continue to proclaim how we are “the greatest nation on earth” and that the rest of the world should follow our example.

Rarely do you ever hear politicians talk about how we are the most obese nation on the planet, about how we have the highest divorce rate on the planet or about how we have the highest teen pregnancy rate on the planet.

Until we are willing to admit just how bad things have gotten, we will never be willing to accept the solutions that are necessary to start fixing things.

Many Americans are pinning their hopes on the upcoming election, but instead of making things better I am concerned that this election may trigger a lot of the anger that is boiling just under the surface in this country.

If we continue down the path that we are currently on, the social decay that we are now experiencing is going to accelerate.

The fundamental level of trust that any society needs in order to operate efficiently is breaking down, and more Americans than ever are living in fear.  You can see it in their eyes.

Our politicians can pile on millions more laws, rules and regulations and they can put a police officer on every corner, but that isn’t going to make Americans trust one another.  Once confidence in our societal institutions and our faith in one another is gone, it is going to be incredibly difficult to ever rebuild it.

Yes, we really are on the verge of societal collapse. What we are experiencing right now is just the leading edge of the coming crisis.

Things are going to get a whole lot worse from here.

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