John Adams & Craig Hemke: A New Silver Revolution is Sweeping the World
Tom welcomes Craig Hemke founder of the TF Metals Report and the ever consistent Economist John Adams back to the show.
Craig discusses his recent call on shortages beginning in particular mints. Some of the entities like the Comex are too big to fail and like the LBMA they will just change the rules. Breaking the Comex is putting energy in the wrong place. Think of the system as a massive fractional reserve system where price is determined by trading of digital derivatives contracts which have no connection to supply demand fundamentals. If you study that system you can find weak links that will trigger delivery failures. The weak links today are the public and private mints that are also running legal fractional schemes. Everything is fine until it’s not as we are all discovering.
Craig discusss how the corruption extends to the press, media and even the legal system.
John explains how precious metals markets are controlled by an international syndicate. A global network of organizations and vested interests who are working in concert to keep prices suppressed. This network has tentacles that extend to the Australia and the Perth Mint. He explains how accounts at the Perth Mint have been affected by shortages as a result of people waking up and demanding their metals. We are seeing a revolution in the Australian silver markets. Once investors wake up and move from a synthetic position to a physical position they are never going to go back.
Faith in The Perth mint is steadily declining inspite of their marketing attempts and now they are delivering Chines bars instead of Perth products to their customers.
Craig describes the markets as being one big confidence game. There are a lot of people with synthetic accounts that believe they have access to physical metal but that ownership is increasingly questionable. The system works until it doesn’t and you don’t want to be the guy searching for a chair when the music stops.
John doesn’t believe were going back to normal and argues that we are seeing a permanent change in the market. The Perth Mint has recently announced rationing which has never happened in the Mint’s history. Even employees of the Mint seem to be acknowledging that the silver market is rigged!
Craig points out that no system either metals or the monetary system will survive based on lies. Once confidence is lost the system will have to revert to a new system one backed by something physical.
Time Stamp References:
0:00 – Intro
0:50 – Calling the Shortages
5:07 – Other Complicit Forces
7:07 – JP Morgan & Comex
10:08 – International Syndicate
16:20 – Fractional Reserve Metals
27:10 – Perth Website Changes
31:13 – Chinese Bar Deliveries
39:16 – Rules and Investor Belief
48:42 – Kitco’s Sordid History
51:00 – Price Discovery?
54:08 – Perth Mint Rationing
59:00 – George Soros Moonshot
1:03:00 – Foundations of Lies
1:07:58 – Wrap Up
Talking Points From This Episode
- Bullion Banks and Being Too Big To Fail
- Precious Metals as a Fractional Reserve Syndicate
- Perth Mint Defaulting and Kitco Deliveries
- Confidence and Failure to Deliver
John Adams – Guest Links:
John Adams is an internationally recognized thought leader and has extensive public policy, political, management consulting, and media experience. John brings a wealth of diverse skills and experiences across several industries in driving organizational and public policy outcomes.
As Chief Economist at As Good As Gold Australia, he provides analysis and commentary through economic articles and online interviews. The Australian and global economies are well into unchartered waters, awash with unprecedented levels of debt.
Craig Hemke, aka “Turd Ferguson,” was a licensed securities “professional” for nearly twenty years. Disgruntled by the fraud known as “financial services,” he retired to a career as a serial entrepreneur in 2008. Though otherworldly in his ability to forecast price movements, Craig is not a soothsayer, a psychic, or a witch. After all these years, he simply has a decent understanding of the forces at play in the precious metal “markets.”