Chickens are coming home to Roost!

Kia Ora,

It really seems in the Western world at least the Chickens are coming home to Roost.

Through out Europe the Sovereign debt crisis is starting to have an effect at least for now in what has become known in the financial circles for some time as the PIIGS or Portugal, Ireland, Italy, Greece & Spain.

Bail outs & austerity measures followed by riots. Italy even got their riots in before as they known what is coming.

Britain & France ausiterity measures same result. Because everyone has not wanted to listen to the 'doom & gloom' predictions but as one financial commentator likes to say;
"Those that prepare for the worst only know the best."

Then you have JP Morgan been hounded for manipulating the silver market. One estimate is it has shorts on 3.3 billion ounces of silver. That is more than all that is available above ground. Depending on who you are reading or listening too at least three times more than is above ground.

To short that much means someone is selling that much. A short is where someone sells a derivative or share they don't own with the view to buying it back at a lower price because they think the market is about to go lower. First rule is never sell naked(or with something to cover the trade going the other way) word is they forgot the first rule.

Since they are now under investigation for the manipulation & a campaign has also started to bankrupt them through the silver market they have taken a hedge of buying 50 to 80% of the copper market (now reportedly possibly 90%) that is currently held in warehouses. A hedge is to cover your losses should a trade go the opposite way to what you expect.
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If so then it would mean the manipulation of the silver market is at an end once they can cover their losses. Though in the last few days a large amount of puts(options trade when you think the price will go down) have gone on silver at $15 which means someone expects silver to go lower or are hoping it will.

So if people think they have all this silver or gold & find out that it is not available what then?

Not to mention most will not be aware that you can no longer exchange those derivatives for actual physical gold or silver. It changed earlier this year & most people are not aware of that fact.

So that are two forms of the same Chickens coming home but there is a third which you have seen in the protests & riots in Europe.

That is the lack of boundaries for children growing up. There is no respect anymore & a belief that it is ok to attack those whose job is it to keep society from sliding into anarchy. Seems by having no boundaries the anarchy is arriving anyway.
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In the last week here in New Zealand teenagers have being involved in stealing vehicles, dangerous driving, drunken driving being killed by not been able to handle a vehicle, running from the police or accidents & attacking police officers. Not to mention armed robberies.

What is going to happen when the government has to impliment its austerity measures? So far all the protests here have been quite civil in nature.

Society has lost control.

The comment the other day was "well burglaries & crime will be up as it is school holidays." It has been like that for a few years now but right now it is an epidemic & the police do what they can under the law but as they found one teen just kept leaving home & stealing cars.


So all the out of control spending & use of bad debt over good debt coupled with lack of boundaries is resulting in the break down of society.

The Chickens are really coming home to Roost!

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