United States

Something Broke In The U.S. Silver Market

Posted with permission and written by Steve St. Angelo, SRSrocco Report (CLICK FOR ORIGINAL)

Authored by Paul Craig Roberts,

One hundred years ago European civilization, as it had been known, was ending its life in the Great War, later renamed World War I. Millions of soldiers ordered by mindless generals into the hostile arms of barbed wire and machine gun fire had left the armies stalemated in trenches. A reasonable peace could have been reached, but US President Woodrow Wilson kept the carnage going by sending fresh American soldiers to try to turn the tide against Germany in favor of the English and French.

Submitted by Michael Snyder via The Economic Collapse blog,

In this day and age it seems like almost everything is disposable, and many employers have found that they can make a lot more money if they have a workforce that can be turned on and off like a faucet. In America today, there are more than 17 million “independent workers”, and they represent a bigger share of the workforce than ever before.

Two weeks ago, we noted - with some amusement - that Ukraine has defaulted to Russia on a $3 billion obligation. To be sure, the move wasn’t unexpected. 

“I have a feeling that they will not pay us back because they are crooks,” Russian PM Dmitry Medvedev said previously. 

Here, in a nutshell, is what happened. 

Submitted by Steve St.Angelo via SprottMoney.com,

After looking over all the figures, it seems as if something broke in the U.S. Silver Market this year. By that, I mean the normal supply and demand forces no longer make sense. I believe this stemmed from the massive amount of physical silver investment demand beginning in June as financial and geopolitical events pushed the retail silver market into severe shortages.