JP Morgan’s Silver Stockpile

Why 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…

http://www.activistpost.com/2015/04/why-is-jp-morgan-accumulating-biggest.html

Related:

Bernie Sanders On America’s Problems

American Politics: A House Of Mirrors

A house of mirrors is an immersive, highly distorted and intentionally confusing version of reality. Those walking its corridors are sometimes amused and sometimes frightened by the disorienting experience, but luckily for them, it is only temporary. There is an exit, and they will walk through it, back to reality.

But what if one existed their entire lives in such a distorted reality and knew of no exits? Would they convince themselves that these distorted images reflected back at them were in fact reality no matter how unnatural they appeared? Could they convince themselves to enjoy and even embrace this distorted reality?…

http://www.activistpost.com/2015/04/american-politics-house-of-mirrors.html

Random Murder

May 23 2013: No drone strikes without ‘near certainty’ of no civilian casualties: Obama

The president, in his most expansive public discussion on drones, defended their targeted killings as both effective and legal.He acknowledged the civilian deaths that sometimes result, a consequence that has angered many of the countries where the US seeks to combat extremism, and said he grapples with that trade-off.

“For me, and those in my chain of command, these deaths will haunt us as long as we live,” he said. Before any strike, he said, “there must be near-certainty that no civilians will be killed or injured, the highest standard we can set.”

April 23 2015: U.S. raid in Pakistan killed two hostages, Obama acknowledges

A U.S. drone strike targeting a compound frequented by al Qaida leaders accidentally killed two hostages, including one American, near the Afghanistan-Pakistan border in January, the White House announced Thursday.

White House Press Secretary Josh Earnest announced that two other Americans, both members of al Qaida, also had been killed in Pakistan in January.

Neither man had been targeted in the raids that killed them, U.S. officials said.

That “highest standard” for murder by drone is obviously less high that the CIA operators who killed and kill thousands of non-combatants through drone strikes on “suspect compounds,” weddings and funerals…

http://www.moonofalabama.org/2015/04/targeted-drone-strikes-are-rather-random-murder.html#comments

Interesting comments at the above link.  Related:

…“Today, if Nabila or Zubair or many of the civilian victims — if they are watching on TV the president being so remorseful over the killing of a Westerner, what message is that taking?” Akbar said Thursday in an interview with The Intercept.

The answer, he argued, is “that you do not matter, you are children of a lesser God, and I’m only going to mourn if a Westerner is killed.”…

https://firstlook.org/theintercept/2015/04/24/obama-drone-apology/

George Carlin: We Like War