was a reserve currency silver traded at a ratio fifteen to sixteen to one of the price of gold eric sprott up there in canada billionaire and also our friend down in mexico hugo salinas price you know who's trying to bring sober back into the mexican economy as a hard currency those two guys can squeeze the u.s. from the north and the south and they can squeeze the us in the fear money shysters and the goldman sachs of the world to death and sprott is the vigilante the gold and silver vigilante with the firepower to do it and i beseech him to pull the pin on the money grenade now he says a we're going to diffract hard money currency standard gold standard anyway he's also referring to the fact that for example the very very very crooked and industrial strength. mafiosos at the cme in chicago keep raising margin requirements so people end up paying more hundred percent cash for their precious metal positions people for example at m.f. global who had their margin accounts ransacked by the folks at j.p. morgan which we now know they stole the money to offset a short summer position they're go

contention that the big silver vigilantes and gold vigilantes have around the world whether it's eric sprott in canada or others you've got the paper market the callbacks and the l.m.a. and they have broken free of reality and they simply create price discovery based on out. fraud which is now evident in the m.f. global situation so what sort of changes to goal of sober derivative contracts happened at the time of m.f. global's collapse this far as you can sing actually i took a look at the aggregate report records become him a trader reports of the c.m.e. releases and if you don't see huge differences it shifted over to interest in the gold and silver futures but when you look at that this aggregated reports it becomes a different story so the desegregate reports actually breaks down the sectors by producers by a managed money if you look at the managed money category wish to pick li and tells commodity trading advisors or register people operators such as i'm a global then you see something really interesting max because you see probably about the end of august to mid october you basically

predict that a country in two thousand and twelve will offer a gold backed currency outright like eric sprott argued max this is being forced upon the central banks and the governments by their very own actions because in this case japan has the largest government debt in the world so obviously they've reached an end point and that that what they have to incentivize people with actual fish. the real wealth the japanese bond investor has been the most legendary in the world they have helped sustain the largest government debt to g.d.p. in the world now and japan has very little gold bullion they don't hardly any gold so we're going to get those gold from they're going to have to go in the open market and buy the gold right now which is another big sovereign out there buying gold in the open market but talking about so much paper in the world so much figure out currency so much bond paper in the world that in order to get suckers into the game you've got to give them something real back guess which country has debt of nearly one thousand percent of g.d.p. now most people assume it's japan max b