Bernanke - Thurs. 5/10/12 in speech at Bank Structure Conference "Banks are in Great Shape, Crisis is over, good liquidity." *Dimon & Blankfein met with Bernanke earlier in week - JPM losses around 18 Billion.

I have information from a "source" that both Dimon and Blankfein met with Bernanke earlier this week.   The same source is saying the real losses for JPM is 5 times at least the amount stated, they have said it is actually around 18 Billion in losses.   This source is real and is connected in financials.  We will eventually see if the source is correct regarding the real loss amount, eventually coming out.

Update - 5/17/12 - Losses are growing.

So that means Bernanke knew what was about to go down with JP Morgan from his meeting with Dimon earlier in the week.   But Blankfein (Goldman Sachs) met with Bernanke also. So........... does that mean Goldman Sach is in just as much trouble as JP Morgan and their losses? 


I wrote this morning how JP Morgan coming out about the losses on a Thursday night after market close was a Real Red Flag to me! 

UPDATE 5/17/12 -  I was right - a much Bigger Story that is being ignored - Goldman Sach's accidentally reveals Illegal Activities by Wall Street, last week.


Bernanke also made a speech yesterday (5/10/12) at the conference for Banking Structure and Competition in Chicago. 

Bernanke lied through his teeth in this speech he made yesterday.  From saying the banks are in good shape to saying they are not "betting" as much.  The facts are the banks have hedged more on derivatives than they have ever before.  There is more gambling going on than there was in 2008!  

Here is just one article about it and the 600 Trillion Derivatives in bets by the top 4 Wall Street banks which include JP Morgan and Goldman Sachs.

From the Federal Reserve site itself, here is a portion of that speech that Bernanke made:

 The first part of my remarks will highlight the significant progress that has been made over the past several years toward restoring the banking system to good health.

The State of the Banking System
Since the financial crisis, banks have made considerable progress in repairing their balance sheets and building capital. Risk-based capital and leverage ratios for banks of all sizes have improved materially and are significantly above their previous highs. Importantly, the 19 largest banking institutions that participated in the 2009 stress tests, as well as the two subsequent Comprehensive Capital Analysis and Review (CCAR) processes, have considerably more and better-quality capital than a few years ago. Indeed, those firms have increased their Tier 1 common equity, the best buffer against future losses, by more than $300 billion since 2009, to nearly $760 billion.
The latest CCAR, conducted earlier this year, demonstrated that most of the 19 firms would likely have sufficient capital to withstand a period of intense economic and financial stress and still be able to lend to households and businesses.

The Federal Reserve takes seriously its responsibility to ensure that supervisory actions to protect banks' safety and soundness do not unintentionally constrain lending to creditworthy borrowers, and we have taken a variety of steps to address these concerns. For example, we have issued guidance to supervisors stressing the importance of taking a balanced approach to supervision and of promptly upgrading a bank's supervisory rating when warranted by a sustainable improvement in its condition and risk management.

Conclusion
To sum up, conditions in the banking system--and the financial sector more broadly--have improved significantly in the past few years. Banks have strengthened their capital and liquidity positions. The economic recovery has facilitated the rebuilding of capital and helped improve the quality of the loans and other assets on banks' balance sheets. Nonetheless, banks still have more to do to restore their health and adapt to the post-crisis regulatory and economic environment. As the recovery gains greater traction, increasing both the demand for credit and the creditworthiness of potential borrowers, a financially stronger banking system will be well positioned to expand its lending. Improving credit conditions will in turn help create a more robust economy.

 When Bernanke was speaking yesterday he knew what was about to be released in news from JP Morgan.  Also Jamie Dimon did an interview with "Meet the Press" on Wednesday night for the Sunday show.  He did not mention what was about to happen.  The image on the right is from a previous Dimon interview with CNBC.

Since Goldman Sach's - Blankfein met with Bernanke too this week, then they must have a big problem too, I would guess. 

Remember JP Morgan is the one who got the money from MF Global when they went down and they got all the gold from the clients of MF Global.  They were allowed to steal the 1.2+ Billion dollars directly from the clients of MF Global.   Of course the government has been allowing all of this to go on without holding anyone accountable.

I did just find that Chilton of the CFTC has said "The hammer must come down."  But we have been hearing that for years now.  The "Silver Manipulation" investigation has been going on by the CFTC for about 3 years too, yet nothing has been done about the obvious manipulation.  He came out and made a similar statement last November with the MF Global Bankruptcy, but it was all talk and no action.  I don't believe him this time either, that a "hammer will come down."

CNBC has that "regulators" were already looking into JP Morgan trades before yesterday.  Again this would be the CFTC and they are covering their butts for sitting on their hands and allowing it all.

So, watch Goldman Sachs the more "protected" bank than even JP Morgan.  Remember all those at the Fed and who control the Treasury and the countries in Europe were all Goldman Sachs people at one point.   Why did Blankfein have to meet with Bernanke this week, along with Dimon? 


Seriously the Best Picture there is!  Shows the relationship between Bernanke and Dimon!  By WilliamBanzi7.

I would love to insert it here but I don't know how to reach him to get permission to.
At this link:
http://www.zerohedge.com/contributed/2012-19-11/too-big-wean

Video - Ron Paul Gets Bernanke to ADMIT Silver IS Money! Cartel Dumped 225 Million Ounces of Silver (paper) on Market today 2/29 when Bernanke was speaking.

Ron Paul is THE Man! He got Bernanke to ADMIT Silver IS Money today during Bernanke's Congressional hearing. He also says the inflation rate is B.S. from the Fed.

Normally when Bernanke speaks metals react by going up. The Cartel knew that, so they were ready. They DUMPED 225 MILLION ounces of Silver (Paper) on the market as Bernanke was speaking.

The first minute of the video, is Barney Frank, kissing Bernanke's ass, telling him to ignore the negative things people are saying about the Federal Reserve and what a great job Bernanke is doing.  (Yeah, I almost threw up over that absolute ass kissing B.S!)

Ron Paul starts at 1 minute in this video - the Silver Eagle (update 3/1/12, I understand it was a  "Silver Circle" coin, from the movie that will be coming out in May, not an Eagle) ounce is taken out by Ron Paul at the 2:45 minute mark. Says the one ounce in 2006 would buy 4 gallons of gas, today it buys 11 gallons of gas.  It is what is holding people's wealth, not fiat currency.  Ron Paul has Bernanke admit Silver IS money at the 5 minute mark. Bernanke says "Gold and Silver, are another currency!"




Portion From the SilverDoctors.com regarding the DUMPING of 225 Million Ounces of Silver (Paper)

For those who claim these immediate waterfall gap-downs in both metals were as a result of Bernanke's dissapointment in no further QE, please realize this occurred exactly as the full report was released, and note the massive paper volume of 225 MILLION OUNCES OF PAPER SILVER OVER 30 MINUTES used to smash gold by $65 and silver by $2!:

Here is what I personally think about that dump... the Cartel took Silver down $2 by Dumping 225 Million Ounces today.  Think about this... they were only able to take down Silver $2 with that dump which is what it raised yesterday!  So.... Silver is being resilient and holding!  They are running out of options and shorts!  They are playing their last straws.  Silver held today, if they had dumped that amount 3 years ago Silver would have gone down $10 or more, it only went down $2 today!  


I just now figured out.  The last COT (commitment of Traders) report for the comex has 70,000 commercial shorts Silver contracts listed.  I then took 225 million and divided it by 5000, which is one Silver contract on the Comex.  That then comes up to 45000 silver contracts that were dumped today by the commercials.

Do you realize the full implications of that?

That means they dumped over 1/2 of their shorts on the market today in half an hour and it only took Silver down $2!  I am sure they were expecting it to go down $20 or more!  They used over 1/2 of all that they have to smack it down!  Silver WON!  This is huge in that they don't/won't have all the shorts to keep manipulating the market!

I spoke to David Morgan of Silver-Investor.com  he agreed with me that lots of paper silver was being sold to drive the market DOWN! Further, that much selling in the past would have had a far greater effect. David Morgan said, he was suppose to be interviewed by Max Keiser today, but that got delayed. David Morgan wants to help further the silver cause and plans to ask Max to restart his "Buy a Silver ounce."  Who knows maybe Max will say something like buy a "Silver Eagle" and help - "Bust the Comex!" This is just a guess from what David Morgan told me, but stay tuned, as the silver market continues to be one of the best stories on the Internet.

It seems we are towards the end of their desperate manipulations!  I am very excited over this! 

 Especially since they used so much today and got so little from it!

One question to you?

Got Physical Silver?

At 7:30 PM 2/29/12 - Silver is UP .21 to $34.85.  That dump sure did not do much for them.  Lets see how long it takes silver to go back to where it was ($37.62) when they did their dump of paper.

11:20 PM 2/29/12 - Gold is UP $24.30 to 1722.30 and Silver is UP .47 to $35.11.  Looks like the Asian market is thanking the cartel for what they did today and buying metals.   What a FAIL today for the cartel. 

 Ron Paul I believe woke more people up regarding Silver.  That was very powerful him holding up the Silver Eagle and showing the physical metal.  I have even had someone contact me who has never considered purchasing metals before and asked if I knew of where they could purchase some.  More people will look at Silver I believe due to Ron Paul doing what he did today.  

 UPDATE 3/2/12 - Salinas - interview with KWN. 

Portions: 

This seller was definitely not interested in losses, what they were interested in was suppressing the price.  What happened yesterday was insignificant from the point of the ongoing overrunning of the fiat money crowd.”  

We have to start with silver because that is what most people will be using, not gold.  As long as there is paper money, gold will not be used as money, it will be hoarded.  But silver can be used as money, together with this fake money that people all over the world are forced to use.”

UPDATE - 500 Million Ounces of Silver were dumped during the week.

Video Cartoon Explaining and Revealing JP Morgan shorts on Silver and Their Manipulations and Bernanke's Fed Reserve Printing! Lots of Sheep References too

This is just too good not to get out there!  Great explanation of JP Morgan Silver shorts and Manipulation!


Gives some good explanation of Bernanke and the Federal Reserve - It explains it all while giving you a Great Laugh also!  I LOVE THIS!

Besides them plugging their website at the end - this really is a great video to pass along!

Video - MUST WATCH - Bernanke - Fed - Goldman Sachs - What is Deflation to Inflation - Video Explains Itself!

MUST WATCH - Probably the Best Video in Explanation of Deflation to Inflation - What the Fed really is - Bernanke, Goldman Sachs - PLEASE GET THIS VIDEO OUT THERE! Pass it around!

EXCELLENT EXCELLENT VIDEO BY KARL DENNINGER! Bernanke and His Lies!

What an EXCELLENT VIDEO BY KARL DENNINGER FROM THE MARKET TICKER!

Greenspan Admitted the Banks Have Committed Fraud at Fed Meeting in Georgia A couple of Days Ago!

Out of Greenspans own mouth, his own words - He admits the Banks have been committing Fraud! Bernanke sits next to him, not saying a word!

Inflation Nation, New Video - QE2 The Last Gasp of a Monetary System - U.S.

We Will Be Hyperinflating As there is NO Doubt Now! TRILLIONS of New Dollars Being Printed! Also a Zerohedge Time's Cover in Honor of Bernanke and Our Dollar!

Considering Bernanke is printing up Trillions and Trillions of NEW dollars and all the other countries are very upset over it.  In fact countries around the world have been raising their voices in the last few days about the dollar being printed as it has been and will be.  The Fed is starting their QE2 and have even begun talking about a QE3!!  They have stated they will pump 600 Billion by buying U.S. t-bills, but Goldman Sachs and other Wall Street banks have said the Fed will buy if need be 6 TRILLION in t-bills/bonds if need be.

Well of course it will need to be!  NO other country wants to Touch our Debt anymore!  They know the end game is hyperinflation out of debt for the U.S.!  If people don't believe it, well they will be in for a shock in the not too distant future!  Hyperinflation IS the End Game of the Fed and the U.S. government to pay off the debt of the U.S.!

We will have $100 a gallon of gas or more, a loaf of bread can be a few hundred dollars!  Don't believe it.... well, then you have NOT been paying attention!  I have been reading throughout the world how the leaders of the other countries are VERY Upset and China is really starting to make noise!  China does not make noise publicly, until they have seriously had it and have already begun making other arrangements.

I have posted previously about China, Russia and other Asian countries making trading agreements with the Yuan, China had begun making the Yuan an International currency last year.  South American countries had begun trading in their local currencies between each other last year also.  They have all seen the writing on the wall.

Funny enough, the ONLY people who have NOT seen the writing on the wall is the American People!  I have honestly been amazed at how people in the U.S. are staying Asleep to what is actually occurring!  No matter how I have tried to WAKE up my own family, they would much rather stay Asleep and Stupid about what is really happening!  People in the U.S. are more Worried about who is going to Win "Dancing with the Stars" then what is happening to the Dollar in Debasement!  I have honestly, never understood why most people refuse to educate themselves and look at what the Truth of the U.S. situation is!  It has frustrated me previously, but now......  I am tired of trying to get people to listen, for whatever reason, they prefer to stay Asleep and uneducated!

I know I am "Preaching to the Choir" by posting this, as I have completely Given Up on Trying to Get my family and those who would prefer to Stay Asleep and Only Listen to MSM (propaganda Press/Media) on how Awesome everything is "No Worries, Bernanke is doing Awesome", type information!

Zerohedge did a Wonderful Cover for Time Magazine, in honor of them choosing Bernanke as "Person of the Year 2009"!   Considering all the other countries saw what was happening last year and many began "sounding the siren" including myself in what was going to be happening in the U.S., there was this "Propaganda Press" just for the U.S. people saying "What a Wonderful Job, Bernanke has been Doing"!  I LAUGHED so Hard and shook my head last year, with him being chosen as the Person of the Year of 2009.

But of course if you only listen to CNBC and all those Wall Street analyst then, you feel we are simply at a little bump in the road, but nothing to worry about!  OH, the stock market going UP?  YEAH, Because we are going to be Hyperinflating!  Look at Zimbabwe's stock market - Yes, it DOES go UP, because the Value of the money goes DOWN!  So things Cost MORE, including stock!  I would expect we will see a 30000 market - when gas cost 100 per gallon, which won't be in the too distant future!  But of course at that time Gold will be $20000 or more per ounce, Silver will be in the hundreds or more per ounce, thus the value of the dollar will have been saved through metals, not the stock market!

So, I have now stopped trying to "sound the siren" to those who refuse to Wake Up - that includes my own family!  Everyone has made their own beds and decisions, now it is coming time for those decisions to come to roost!  Being awake and aware has been the key and wanting to know truth has been the answer for those who will not be shocked at the turn of events that will be upon us!

The time is NOW, We are now are the edge of the cliff, we have seen the edge of the cliff, coming for two years now and sadly we are now tittering on our toes on it.  It is going to be sad, when most of the populace will be hit hard and shocked over how things are going to hyperinflate over night!

Now for Zerohedge's Cover of the Time Magazine for 2010 - In Honor of Bernanke - Time's Person of the Year for 2009!  I LOVE IT!

Zerohedge also has another article today, about how we are going to be Hyperinflating, titled "Fed has Gone ALL IN"

Portions:

Well, it’s official, Ben Bernanke has officially gone “all in” regarding currency devaluation in the name of pumping the stock market. I have to admit, even though I knew this was going to happen, I’m still in shock. After all, it’s not every day that you see a superpower collapse and lose its reserve currency status courtesy of a deranged mad man.

The cost of just about everything is going to be going up… a LOT.  In fact it already has. Most commodity prices are up double digits in the last year. This is just the beginning. Combine currency devaluation with trade wars and you’ve got a recipe for MASSIVE spikes in the price of goods.

In plain terms, the cost of living in the US will be going up sharply in the coming months. Oil is already at $86 a barrel. Food costs are rising. In fact, virtually everything but housing prices has risen in the last year. Forget future inflation, inflation is coming NOW. We’ve already seen the Dollar lost 15% of its value in the last six months.

What will this do to a middle class whose savings have already been eviscerated by two stock Crashes, no private job growth, and a 37% decline in the US Dollar in the last ten years?

Yet Another  article - a MSM article out of the U.K. - yesterday regarding all the countries who are Very Upset, regarding the debasement of the Dollar!


Portions:

Li Deshui from Beijing's Economic Commission said a string of Asian states share China's "deep bitterness" over dollar debasement, and are examining ways of teaming up to insulate themselves from the tsunami of US liquidity. Thailand said its central bank is already in talks with neighbours to devise a joint protection policy. 

Brazil's central bank chief Henrique Mereilles said the US move had created "excessive dollar liquidity which we are absorbing," forcing his country to restrict inflows. Mexico's finance minister warned of "more bubbles." 

These countries cannot easily shield themselves from the inflationary effect of QE2 by raising interest rates since this leads to further "carry trade" inflows in search of yield. They are being forced to eye capital controls, with ominous implications for the interwoven global system. 

In London and Frankfurt the verdict was just as harsh. "In our view, this is one of the greatest policy mistakes in the Fed's history," said Toby Nangle from Baring Asset Management.

This shows INFLATION of ALL things, MOST NEEDED are Upon Us!  Have you looked at commodities in the last couple of weeks?  Have you seen how Sugar, Cotton, Copper and other Needed Commodities are going through the Roof and hitting their Highest Prices in History?  Are you paying attention?  It might be a good idea, to go and get needed items for the future - buy a little extra sugar, toilet paper, coffee and commodities as that, while you can still afford them!

Iceland's Former Prime Minster Geir H. Haarde, Indicted for Economic Mismanagement during Financial Crisis! First Political Leader to be Indicted for Such a Thing!

WOW - Iceland's Former Prime Minster Geir H. Haarde, Indicted for Economic Mismanagement during Financial Crisis! First Political Leader to be Indicted for Such a Thing!

This is Huge, IMO!

A Political Leader of a Country is being INDICTED for Economic Mismanagement!  I commend the Parliament of Iceland for doing this!

Now I wonder how many other Political Leaders will have the same thing done to them?  But, I won't hold my breath, Iceland was the First country to go down.  They did so on Oct. 7th 2008. 

It sure is nice one country is holding their political leader accountable for the financial mess it is in.  Now, if we could just do the same thing with Bernanke, Greenspan and the Whole U.S. elected officials for doing the same to the U.S.!