I saw this yesterday and thought everyone might get a kick out of it: If crime doesn't pay, then why do we have politicians?

Their game, their rules.

Reminds me of the old question "if pro is the opposite of con, is congress the opposite of progress?"

Who are the crooks?

The banks were ostensibly "selling" and then "storing" so-called "unallocated silver bars" for silver investors. In reality, they have been maintaining a fractional banking system in which only one physical ounce is really purchased for every 100 ounces they supposedly sell.

Let's go over that again...because once you understand the particulars, the reaction of the price of silver becomes perfectly understandable.

1) Bank sells silver, a very precious item, for big money;

2) Bank doesn't buy the silver it sells, or, if it does buy it, leases out or sells 99 ounces for every 1 ounce in the vault;

3) Bank gets paid "storage fees" from all its customers, even though their silver is not in the vault;

4) Bank profits are equal to 99 times what it sells initially, and then, the value of the stream of storage fees after that.

Nice work if you can get it.

And IF just 2% of people asked for their physical silver it would go bust...

LIGHTNIN wrote:
I saw this yesterday and thought everyone might get a kick out of it: If crime doesn't pay, then why do we have politicians?

am I the only person not seeing anything? All I see is nothing at all below your post.

Kaidallac wrote:
LIGHTNIN wrote:
I saw this yesterday and thought everyone might get a kick out of it: If crime doesn't pay, then why do we have politicians?

am I the only person not seeing anything? All I see is nothing at all below your post.

Me neither Kai

Me 3......I'm seeing nada.

"If crime doesn't pay, then why do we have politicians?"