The War Machine’s Dirty Little Secret
Silver is an indispensable input in modern warfare. It’s in the guidance systems of missiles. In the batteries of naval ships and military drones. In radar, infrared optics, and high-frequency electronics.
And for the Pentagon, cost is everything… especially with the U.S. debt level where it is.
During World War II, the U.S. government didn’t even bother hiding it. Executive Order 9024 established the War Production Board, which promptly commandeered silver from the Treasury to wire battleships, supply bombers, and make munitions.
We're not talking a few ingots here. Over a billion ounces of silver were "loaned" to defense contractors at giveaway prices, courtesy of the taxpayer.
In other words, the precedent for suppressing silver prices to feed the war machine was set 80 years ago.
Today’s Manipulation Is Just More Sophisticated
Fast-forward to today, and the manipulation is far more elegant. You won’t see tanks being paid for in bullion. However, you will see bullion banks like JPMorgan, HSBC, and Citibank—many of which have deep connections to defense contractors—shorting the heck out of COMEX futures.
And not just a little.
Try 211 million ounces short as of this year—paper silver that doesn’t exist in the physical world. These banks are flooding the market with synthetic supply, suppressing price discovery in the same way a cartel might fix gasoline prices.
There’s even a nice word for it: naked shorting. And then there’s spoofing orders, canceling them before execution, and dumping contracts into low-volume hours—all classic Wall Street cons.
And what happens when traders get caught? A slap on the wrist. A fine. Maybe an underling takes the fall. JPMorgan had traders convicted in 2023. Did it change the game? Nope.
In fact, the paper-to-physical silver ratio today is an astonishing 400:1. For every ounce of physical silver, there are 400 claims. Let that sink in.
Silver is an indispensable input in modern warfare. It’s in the guidance systems of missiles. In the batteries of naval ships and military drones. In radar, infrared optics, and high-frequency electronics.
And for the Pentagon, cost is everything… especially with the U.S. debt level where it is.
During World War II, the U.S. government didn’t even bother hiding it. Executive Order 9024 established the War Production Board, which promptly commandeered silver from the Treasury to wire battleships, supply bombers, and make munitions.
We're not talking a few ingots here. Over a billion ounces of silver were "loaned" to defense contractors at giveaway prices, courtesy of the taxpayer.
In other words, the precedent for suppressing silver prices to feed the war machine was set 80 years ago.
Today’s Manipulation Is Just More Sophisticated
Fast-forward to today, and the manipulation is far more elegant. You won’t see tanks being paid for in bullion. However, you will see bullion banks like JPMorgan, HSBC, and Citibank—many of which have deep connections to defense contractors—shorting the heck out of COMEX futures.
And not just a little.
Try 211 million ounces short as of this year—paper silver that doesn’t exist in the physical world. These banks are flooding the market with synthetic supply, suppressing price discovery in the same way a cartel might fix gasoline prices.
There’s even a nice word for it: naked shorting. And then there’s spoofing orders, canceling them before execution, and dumping contracts into low-volume hours—all classic Wall Street cons.
And what happens when traders get caught? A slap on the wrist. A fine. Maybe an underling takes the fall. JPMorgan had traders convicted in 2023. Did it change the game? Nope.
In fact, the paper-to-physical silver ratio today is an astonishing 400:1. For every ounce of physical silver, there are 400 claims. Let that sink in.
