“Hundreds of thousands of rouble notes are being issued daily by our treasury. This is done, not in order to fill the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment. There is no justification for the existence of money in the Bolshevik state, where the necessities of life shall be paid for by work alone. Experience has taught us it is impossible to root out the evils of capitalism merely by confiscation and expropriation, for however ruthlessly such measures may be applied, astute speculators and obstinate survivors of the capitalist classes will always manage to evade them and continue to corrupt the life of the community. The simplest way to exterminate the very spirit of capitalism is therefore to flood the country with notes of a high face-value without financial guarantees of any sort. Already even a hundred-rouble note is almost worthless in Russia. Soon even the simplest peasant will realize that it is only a scrap of paper, not worth more than the rags from which it is manufactured. Men will cease to covet and hoard it so soon as they discover it will not buy anything, and the great illusion of the value and power of money, on which the capitalist state is based will have been definitely destroyed. This is the real reason why our presses are printing rouble bills day and night, without rest.”

~ Vladimir Ilvich Ulianoff Lenin, ‘Interview’, Daily Chronicle (London) and New York Times, April 23, 1919.

“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they can not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become ‘profiteers’, who are the object of hatred by the bourgeoisie, whom the inflation has impoverished, not less than of the proletariat. As the inflation proceeds and the value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does so in a manner which not one man in a million is able to diagnose.”

~ John Maynard Keynes, The Economic Consequences of the Peace, London: Macmillan, 1919.

If you don’t know about the Gold and Silver ETF markets then you don’t realize that they are not trading in real metal.  For quite a few years now Gata.org (Gold Anti-Trust Action Committee) has been trying to expose massive market manipulation through the use of “Naked Shorting” of huge short positions held by banks like the old Bear Stearns and now JP Morgan who took over for Bear when they went bankrupt in 2008.  The spot price of 1 ounce of gold and silver is set by these markets, but these are paper markets with a promise to pay in metals on demand.  However, what most people don’t understand is that JPMogan, on behalf f the Federal Reserve and Teasury, are permitted to hold 40%+ market share and trade 100 times more than what they actually have in the vault.  Why would they allow this?  Some might say that they are working on behalf of the Federal Reserve to control the price of Gold and thereby prop up the value of the dollar.  Historically, Gold and Silver have always moved inversely to the value of the dollar.  Even though our dollar is no longer backed by these metals they still act as a marker as to the value of the dollar. So if you can keep the value of Gold and Silver from rising you can also use this as a means of propping up the dollar. If you take a long position in the Gold and Silver markets, the huge short positions can drive the price down and force you out of your long position, thus controlling the market and when they time this with weakness in the dollar it helps prevent the dollar from falling.  What we do know for sure is that JPMorgan short s the market at the behest of the Federal Reserve and then uses this huge short position manipulate the market for profit over and over again.  Gata.org has been trying to expose this for quite some time and with the release of this new audio is seems as if they have done just that with the aid of a whistle-blower.  The question is, will anybody listen?  If the CFTC does not get these markets under control and permit them to trade freely we could see an economic collapse that will make the housing crisis pale in comparison.  Listen to the interview over at King World News and even if you don’t understand everything they say, understand that this is real and not some scam.  The things these guys talk about are real and anyone who has followed the metal markets for any time has had suspicions that this has been going on.  We just couldn’t prove it until now.  Listen to the audio I linked to below and read the followup articles.  Since I started compiling this post it appears as though the whistle-blower has been involved in a very strange hit and run accident.  I will keep this post updated as more information becomes available. » Read more: Whistleblower Exposes JP Morgan's Silver Manipulation Scheme