Report: JPM Received $200 Million Margin Call 3 Days Prior to MFG Bankruptcy

Breaking reports state that JP Morgan received a $200 million margin call on London's LIFFE exchange 3 days prior to the MFG Bankruptcy over naked euro put options.  The margin call came when the Dallas Fed refused to offer JPM a line of credit due to JPM's use of TARP funds to write euro derivatives.  The report alleges that a panicked Jamie Dimon called Tim Geithner, Ben Bernanke, and Gary Gensler demanding the problem be taken care of and within the hour, the CME re-issued the $200 million margin call to the counter-party on the derivatives trade (MF Global), and the rest is history. 
These are the most serious allegations of fraudulent activity in the entire financial collapse to date.  If proven true, while Jon Corzine still deserves serious hard time for using client funds to meet said margin call; sulfur, fire, and brimstone would be too light a judgement for one JPMorgan CEO.


It can now be reported that the U.S. Senate Committee on Banking has new evidence showing that JP Morgan had a $200 million overdraft aka a second margin call on the London LIFFE Exchange three days before the MF Global bankruptcy fiasco was triggered.
The second margin call (the first margin call was four days earlier for $175 million) dealt with cross-collateralized, compounded naked euro currency put options that were written by JP Morgan with the transactions being placed through the CME Group and the aforementioned London LIFFE Exchange.
We can now divulge that, thanks to PROMIS software, MF Global took the opposite side of the trade.
Note: The fact that MF Global took the opposite side of the trade is a significant development and it completely torpedoes the ISDA's (International Swaps and Derivatives Association) legal standing that declared the latest Greek bailout a non-credit event rather than what it really is, a Greek default.
The ISDA's decision has temporarily rewarded crooked banks, as well as Goldman Sachs and JP Morgan, and screwed the hedge funds as well as the looted customer segregated accounts that were tied to MF Global.
The fact that two margin calls were issued in a span of one week against JP Morgan is clearly a game changer.
The first margin call aka the overdraft was triggered when the JP Morgan SWIFT wire transfer (to pay for their derivative trades) was rejected by the London LIFFE Exchange after the Dallas Federal Reserve Bank refused to honor the JP Morgan float aka line of credit.
Dallas Fed President and CEO Robert W. Fisher actually notified the New York Fed on that day that JP Morgan was using TARP money (Troubled Relief Asset Program) to write their euro currency option derivatives.
This illegal trading done by JP Morgan violated the terms of the 2008 Bush-Pelosi bank bailout that forbid banks like Goldman Sachs and JP Morgan from using U.S. Taxpayers' money to engage in any type of derivative trading.
What followed was the largest 24-hour crime spree aka money laundry in financial history.
Forty-eight hours after JP Morgan's line of credit was rejected (their electronic check bounced creating an overdraft), a second larger margin call was issued to JP Morgan, which set off the following change of events:
Immediately financial terrorist Jamie Dimon, CEO of JP Morgan phoned Federal Reserve Chairman Bernard Bernanke, U.S. Treasury Secretary Timothy Geithner and CFTC Chairman Gary Gensler and discussed his predicament.
Within an hour the CME Group re-issued the second margin call singling out only MF Global and removing JP Morgan from its liability.
Fifteen minutes later Jamie Dimon called MF Global CEO Jon Corzine threatening his life and demanding that MF Global meet the $200 million margin call that was originally issued for JP Morgan.
One hour later the crooked ISDA ruled the MF Global trades to be null and void, which then allowed JP Morgan and Jamie Dimon to short the MF Global stock and then, with the approval of the Federal Reserve Bank of New York laundered the proceeds into the London LIFFE Exchange, and issued new naked derivatives which would be used in the latest Greek-Euro bailout ponzi scheme.
Note: Dallas Federal Reserve President and CEO Richard W. Fisher immediately phoned Fed Chairman Bernanke to protest this latest JP Morgan money laundry involving customer segregated accounts.
Bernanke told Fisher, and I quote "Timothy Geithner calls the shots".
Reference: The Federal Reserve Bank of New York tried to disguise this ponzi scheme by first moving the MF Global customer segregated funds through the Dominion Bank of Toronto, Canada and then on to the London LIFFE Exchange.
At this hour we can divulge that Dallas Fed President and CEO Richard W. Fisher is cooperating with U.S. Marshals who are investigating this financial treason and will shortly offer his resignation.
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從白銀的供需看銀幣收藏與投資之價值前景

來源:中國金幣網　2012年03月27日

    眾所周知，影響產品價格的最重要因素是該產品的供給與需求關係。所謂的供需關係實際上從經濟學原理來講，就是供需關係決定了產品的內在價值，供需關係決定了產品的稀缺性和稀缺性預期，使得價值上升，從而帶動價格上升。白銀是所有商品中，能夠長期將商品屬性、貨幣屬性和金融屬性完美地統一在一起的產品，是人類歷史通過幾千年的進化最終淘出的硬通貨。因為它的稀缺性、性質非常穩定性、非常容易的標準化性、單位價值的很高性、容易攜帶性、質地很美性等等外在及內在因素的優勢，而成了人類財富和身份的象徵。由於，白銀的需求無論是從廣度或是深度都在不斷地增加。因此，無論經濟是否探底還是無論經濟繁榮期或是蕭條期。白銀的需求依然保持著良好增長趨勢。那麼，白銀需求的不斷增加也勢必帶動其價格的不斷增高。而白銀材料價格不斷升高，也給以白銀材料為製造的貴金屬紀念幣增加了製造成本。同時，也相應給貴金屬紀念幣的收藏與投資增加了新的價值。筆者就白銀的供需與消耗在銀幣收藏與投資價值前景的作用與影響，談談個人觀點。

    白銀的供需現狀與前景

    在二次世界大戰中期後，隨著工業的發展相比黃金，白銀開始出現新的需求。至今，白銀工業需求已經佔據了總需求的50%。如2010年世界白銀的工業需求約1.52萬噸，可以預期到2015年，將達到2.1萬噸的水平。也就是說，未來四、五年中有望再增加38%左右的需求。

    為什麼如此呢？從世界白銀的工業實際需求結構上，我們可以發現：一方面是具有白銀工業需求用途需求在大幅度增加，如電觸媒類、替代性的新的太陽能係統等。而隨著技術的成熟和成本的下降，白銀作為新能源需求特別是太陽能光伏的領域方面將迎來不可估量的空間。目前，每年厚膜光伏產業的消耗白銀就達到1500噸每年。這類領域的未來需求，有望達到每年3000噸，增長的幅度將保持每年40%。同時，很多新的領域已出現了白銀替代其他品種的需求。在過去的消毒領域中，如高檔酒店、游泳池等地方的消毒都是化學類試劑消毒。這種方式的消毒，存在著毒性大、氣味濃、殺毒效果中等問題，可是利用白銀的銀離子技術方式消毒，則無副作用，無氣味，殺毒能力超強的優勢。由於具有重複利用等特點非常明顯，因此有著很大的需求空間。那麼，隨著更多的產品和賣場的標準化，無線射頻技術的需求領域在不斷地拓寬，未來持續增長空間也較大。二是傳統的需求像手機也需要用到白銀，全球每年手機領域的白銀需求已經達到400噸到500噸之間；電腦業的白銀消耗也在不斷地增加，達到700噸每年這樣的水品；像汽車業最近無論是美國還是中國，需求都保持恢復或者繼續旺盛，汽車業對白銀的需求每年已經超過1000噸以上了。另外，像白銀在醫療方面無論是製藥還是醫療衛生保健方面，也出現強勁的增長，保守估計需求每年增30%問題不大。

    與之同時，從二次工業革命以來的，電子電氣領域的對白銀的需求經久旺盛，基本上五年以上經濟大周期是需求不斷地創新高，歷史上的白銀存量就是被這類需求明顯地消耗掉，已經來到每年需求在8000噸這樣的水平，是白銀的第一需求大領域，未來還將繼續保持增長。
    另外，我們曾擔心白銀的一個重要需求領域——照相需求領域的需求，會不會持續下降。雖然，此類需求實際上已經觸底。但是，醫院透視片等對膠卷的需求卻依然旺盛，並且目前尚無法替代。同時，這類方面的消耗是無法全部回收的。因而，存在的消耗與消失。故而，也將相應的加大此類白銀的需求。

    白銀的投資需求性

    擁有世界上人口一半的亞洲，特別是印度和中國，傳統的文化中，文化積澱非常深厚，幾千年，都是以黃金白銀作為財富和身份的象徵，上至有身份的人下至無文化無溫飽的窮民，都是如此，特別是隨著亞洲經濟的高速增長，帶動了從實物投資需求到金融投資需求的所有貴金屬需求領域，和產業發展。
    目前，印度是世界的第一大貴金屬需求國，中國位居其二。而隨著目前中國需求的加大，很快就會超越印度成為這個世界上黃金白銀需求的最大國家。為何如此呢？首先，中國經濟每年保持百分之八的增長。其次，中國目前有龐大的受過教育的中產階級，其數目大至在3億到4億人口，相比歐洲總人數還多。再次，相比黃金，白銀的單位價值更小，更加受到新興經濟體的新財富群關注（因為投不起黃金可以關注白銀），這也就是中國與印度跟歐洲與美國的不同。最後，中國近兩三年的白銀進口量增加了4到6倍，顯示出白銀作為新的價值儲值、保值、增值的品種受到越來越大的重視。

    銀幣​​收藏與投資的價值前景

    總之，白銀的需求不但是工業需求。投資需求的旺盛與爆發，推動過去十年白銀走出大牛市行情。而未來十年，也將繼續高增長。雖然，從白銀的供應角度看，不會很樂觀。因為，一方面白銀的供給主要來自於新生銀。而新生銀中只有30%的供給，是純粹的銀礦所供給的。目前雖然回收供給會上升，可是回收佔據的比重相比黃金要少一半。所以，這可能預示著白銀未來將消耗更多庫存。消耗的不斷加大，也導致銀價的大幅攀升。

    綜上所述，我們可以從白銀的消耗供需與投資供需看到，白銀的價格在未來的時間裡將有非常大的提升空間。那麼，以白銀為材質的銀幣價格也將有更大的提升。筆者為什麼如認為：
    其一、前面筆者談到了影響產品價格的最重要因素，是該產品的供給與需求關係。而供需關係，也決定了產品的內在價值。
    其二、由於，產品的稀缺性和稀缺性預期，使得價值上升。因此，製造材料的價值，無疑將造成了製造成本的提高，從而也帶動價格上升。
    其三、製造材料的稀缺性和稀缺性預期，也將進一步提高以稀缺性和稀缺性預期材質製造出來的法定貨幣—銀幣的價值。
    總而言之，近年來我們可以看到，凡是對黃金利好的都對白銀利好。而從歷史上看白銀價格的增長速度，就曾多次遠遠跑在了黃金價格前面，成為白銀黑馬。因此，從價格空間上講，白銀的底部空間要遠遠超過很多市場悲觀人士的預期，國際現貨白銀的價格底部無論是從供需關係還是市場情緒認知上，估值已經抬高至少5美元每盎司的水平。故而，白銀再度成為黑馬是值得期待的。所以，筆者認為以白銀為材質的銀幣收藏與投資將有著非常高的價值前景。

（供稿：廣東粵寶黃金投資有限公司）作者：孟固

High Relief Silver Kookaburra and Kangaroo Coins set for launch

This excellent photograph reflecting the current buzz around high relief silver coins caught our eye on the Silver Lunar blog.

It shows the Year of the Dragon 1oz high relief silver proof release, which has been a tremendous success, with our Kangaroo 1oz high relief silver proof issues from 2010 and 2011.
As the post correctly points out, there are further opportunities for silver coin collectors this year with the imminent release of high relief 2012 Kookaburra and Kangaroo collector coins.
As stated, the Kookaburra will be released in May with a maximum mintage of 10,000. One minor correction is that the Kangaroo won’t be available until July, with a maximum mintage of 20,000 coins.

Treasurer talks about The Perth Mint

Donald Trump & Robert Kiyosaki - Keys To Success.

調查：印度2012年黃金進口量或驟降三成

某知名財經媒體周一(3月26日)公布的一項調查顯示，印度政府上調黃金進口關稅的決定或令該國2012年黃金進口量驟降三成。
接受調查的10位珠寶進口商及經紀人的預測中值顯示，2012年印度黃金進口或下降至655噸，2011年為969噸的水平。

IndusInd Bank 副主席Pinakin Vyas表示："最初的市場反應并不好，在三個月內將黃金進口關稅翻番的做法將使消費者難以消化。"他預計2012年印度黃金進口或減少30%。

Bombay Bullion Association首席執行官Prithviraj Kothari表示："雖然去年進口有所增長，但就目前的下降趨勢而言2012年將會產生較大的降幅。"他預計2012年印度黃金進口總量將為450噸， 為10位受訪者中的最低預估水平。

分析人士認為中期而言消費者將接受關稅的增長，這或將促使政府進一步上調稅率。不過受訪者中有6人認為關稅不會再度上調。
某私有銀行黃金交易員表示："我認為稅收上升的影響將是有限的，消費者詢問的永遠是金價，而不是稅率。市場總會在一段時間內對價格做出調整。"

Buy Gold & Silver Not Real Estate

Try not paying your property taxes. Then we'll see who owns your home.Never get stuck in a mortgage - it's renting with more liability . Gold and Silver are about wealth preservation not income or profit. Precious Metals are money. One doesn't pay property taxes on Precious Metals. Precious Metals are liquid , People have no problem selling them. Good point about how real estate can be seen as liability. I always preferred renting and so i will in the future. Actually it starts when buying a house. If you pay the whole price in cash, well, then you bind so much of your capital at once. On the other hand, if you take a loan, you pay 2-3 times the money the house actually was selling for.