Thanks for the Nice Long (and Short) signals. (I'd have given a good few ounces of my Physical Silver to have been a fly on the wall at the recent Fink/Starmer meeting(s)!)
I cant imagine what it must have been like with the Blackrock board of directors talking to the Labour MPs who know absolutely nothing about the financial markets. I can imagine Kier Starmer saying " talk to me as if I was a 2 year old Labrador"
Thank you sir. Lot of issues all culminating, and now a "potential lack" of a tangible commodity ETF? of interest suddenly "sinking with the rest on the ship" as the clock is ticking.....all coming from various directions. Of course rats are known for creating and having multiple routes of escape. Anything can be possible with "Aladdin" huh??.... and all those shareholders lives in the balance.
I look forward to seeing those photos. It is always good to put a face to a name, especially when the bearer of that phizog is facing up to a crime it cannot avoid admitting.
I laughed a bit at the beginning quote there. Physical markets do diverge from ETFs in paper. During Covid, silver bullion dealers were just plain sold out. The futures contracts and ETF's, etc, didn't seem to move much. There just was no silver to buy from some dealers. I spent awhile trying to figure this out, perplexed by it.
All that it will take as a catalyst to get this party started, is owners of those contracts to stand for delivery instead of cash settlement. Working diligently right now to sell out balance of risk exposed positions in equities and convert into metals and commodities. Yes, will take a bit of a hit if the game plays along this tune a while longer.
However, if the cracks I see starting appear turn into fissures, I think any short term down side risk will be an enormous upside and in direct custody. No trust in the system anymore and counterparty risk is huge.
Thank you for the 'speculative' way in which you present this information - rather than displaying the dogmatic certainty of other commentators. Nobody really knows the future, despite people like Larry Fink and others thinking otherwise. Like many aspects of life, people often correctly forecast the direction of movement in a particular phenomenon, but rarely it's magnitude (eg CO2 might be rising, but so what?). If events play out as you and many others are currently envisaging, it seems to me that there will need to be more profound structural changes in the system above and beyond simply a financial reset, due to the all-encompassing 'regulatory capture' by these global behemoths - referred to by some as fascism. Without these large corporations' ability to get 'into bed' with most governments, much of what is currently playing out wouldn't have been possible.
I don’t doubt the numbers and that mining isn’t replenishing the metal fast enough, and the fact that what IS being counted, is rehypothecated many times over.
What I’m wondering is how is it possible for all the bullion dealers, like APMEX, JM Bullion, LibertyCoin, and others still be stocked with silver to the brim. Also, if there was a real shortage, why would anyone come up with commemorative and designer silver coins just to put it out on the market if there’s really such a shortage of the metal. Wouldn’t all of it be siphoned into the industry immediately and not even be seen by retail? Honest question that’s been on my mind for the longest time. Everyone is talking about the “shortage in silver” yet there’s no problem procuring it…(for now?)
The retail sector is asleep on this. Yes some of that silver can be sent to a refinery and refined into 1,000 oz. bars. But the retail shops still don't hold enough.
Let's take Jensen's word that there is 50m left. What if everyone just started buying these spot contracts... Not just silver but these contracts and request delivery? Kinda like GameStop...
Surely if all these commemorative coins suddenly disappeared then the signal this would give off would alert the public to a bigger issue. I don't think the amount of silver these coins take out of the markets is really that significant anyway. I may be wrong of course but IMO🤷🏻♂️
A great article David. The paragraph beginning "The astounding potential..... difficult to contemplate" made me laugh in a sick sort of way. Funny because of the audacity of those who carried out this fraudulent process and for what is now awaiting them as all this unfolds. Everyone involved will be desperately trying to get themselves out of this whilst looking for a plausible scapegoat to land the blame on. They must be shittin it as Monday morning approaches. I bet a few at least will not be enjoying their Sunday roast this day🤦🏻♂️🤣🤣
“The Pyramid of Power and the Coming Reckoning: A Psychological and Political Analysis of the Climate Crisis”
In the shadowed corridors of power, a quiet war rages—not one fought with armies, but with influence, obfuscation, and the controlled flow of capital. Oil and gas companies, and their bedfellows in finance—BlackRock, Vanguard, and their ilk—operate as the architects of inertia in the face of an accelerating climate crisis. Their strategy is as insidious as it is effective: buy the loyalty of political leaders, shape narratives through media control, and dismantle the democratic tools that might otherwise hold them accountable.
The Methodology of Control
From a psychological perspective, the mechanisms at play mirror a classic model of learned helplessness. By engineering systems of dependency—economic, political, and informational—these entities have conditioned the global population to accept a false binary: economic growth versus environmental sustainability. Politicians, rendered impotent or complicit by the lure of campaign funding and lucrative post-political appointments, become the unwitting (or willing) marionettes of a larger agenda.
BlackRock and Vanguard, with their unparalleled stakes in global industry, represent not just capital accumulation but the consolidation of power into a plutocratic elite. This elite, representing less than 1% of the population, wields its wealth not merely as a tool, but as a weapon. Climate change, for them, is not a crisis but an opportunity—a chance to privatize resources, displace populations, and profit from the chaos they have orchestrated.
Historical Parallels: Lessons from 1789
This dynamic, however, is not without precedent. History offers a chilling parallel in the French Revolution. When the masses—disenfranchised, impoverished, and ignored—reached a breaking point, their response was neither measured nor merciful. The guillotine became not only a tool of justice but a symbol of revolutionary fervor. Today, the psychological and economic pressures exerted by the 1% are creating a similarly volatile undercurrent.
The Anatomy of Revolt
The inevitable consequence of this systemic exploitation is revolt. As climate disasters grow more frequent and severe, the facade of control maintained by the elite will fracture. The masses, emboldened by a growing awareness of their exploitation, will target not only the institutions but the individuals responsible. CEOs and upper management of oil and gas companies, along with financiers who have profited from environmental degradation, will find themselves in the crosshairs.
This revolt will not be confined to symbolic protests or legal challenges. It will be visceral and direct, echoing the collective fury that toppled the ancien régime. The psychological tipping point—when hope is replaced by rage—will lead to an unprecedented challenge to the structures of power.
The Warning to the Elite
For the architects of this exploitation, there is still a path to redemption. Transparency, systemic reform, and the relinquishment of disproportionate power are not just moral imperatives but survival strategies. However, if these steps are not taken, the elites must prepare for a reckoning far beyond the reach of their gated communities and private security forces.
The psychology of revolution is clear: when the gap between the rulers and the ruled becomes insurmountable, the result is upheaval. The choice is theirs to make—but time is running out.
The people are awakening, and the guillotine of justice, whether literal or symbolic, waits in the wings.
Hope springs eternal, and perhaps one day we will see the truth reflected in prices, however, with the buy/sell spread of buying retail silver bullion, and the opportunity cost over the past 15 years, it’s hard to have made money in physical silver. And if you did use the ETF to purchase around spot, the risks you identify are material… Interesting times across the board! Thanks for your commentary on the evolving situation…
Of course the opportunity cost of investing in a fraudulently suppressed asset is high.
1) Gold and silver are safehaven assets and 2) frauds always collapse.
As bonds collapse with higher yields along with equities, the value of physical silver and gold will become clear. It is already clear to many who look at this markets in depth.
I acknowledge and agree with your view, and still remember trading silver around $4~$6 toz, as well as the run from $20 to $50, however, when it was around $50, apparently it was going to $100 then, so it has been a long pullback. I don’t doubt that we will ultimately see $100 silver, and it may even be in the near term, but timing is the variable and in the long term we are all dead… 😁
?Is The Market Signaling A Coming Collapse Of Blackrock Inc (And Others) Due To A Global Silver Shortage?
YES…
Thanks for the Nice Long (and Short) signals. (I'd have given a good few ounces of my Physical Silver to have been a fly on the wall at the recent Fink/Starmer meeting(s)!)
Thanks for your good work, David.
Perhaps justice will be done...
Happy New Year!
to you too Neil!
Thanks David—keep ‘em coming. Glad I read Chris Marcus’ book, “The Big Silver Short.”
I cant imagine what it must have been like with the Blackrock board of directors talking to the Labour MPs who know absolutely nothing about the financial markets. I can imagine Kier Starmer saying " talk to me as if I was a 2 year old Labrador"
🤣🤣🤣🤣
Thank you sir. Lot of issues all culminating, and now a "potential lack" of a tangible commodity ETF? of interest suddenly "sinking with the rest on the ship" as the clock is ticking.....all coming from various directions. Of course rats are known for creating and having multiple routes of escape. Anything can be possible with "Aladdin" huh??.... and all those shareholders lives in the balance.
I look forward to seeing those photos. It is always good to put a face to a name, especially when the bearer of that phizog is facing up to a crime it cannot avoid admitting.
I laughed a bit at the beginning quote there. Physical markets do diverge from ETFs in paper. During Covid, silver bullion dealers were just plain sold out. The futures contracts and ETF's, etc, didn't seem to move much. There just was no silver to buy from some dealers. I spent awhile trying to figure this out, perplexed by it.
Excellent article as always David....
Good summary David.
All that it will take as a catalyst to get this party started, is owners of those contracts to stand for delivery instead of cash settlement. Working diligently right now to sell out balance of risk exposed positions in equities and convert into metals and commodities. Yes, will take a bit of a hit if the game plays along this tune a while longer.
However, if the cracks I see starting appear turn into fissures, I think any short term down side risk will be an enormous upside and in direct custody. No trust in the system anymore and counterparty risk is huge.
Thank you, Mr. Jensen for your integrity and thoroughness. Gatitude
My pleasure Mario.
Thank you for the 'speculative' way in which you present this information - rather than displaying the dogmatic certainty of other commentators. Nobody really knows the future, despite people like Larry Fink and others thinking otherwise. Like many aspects of life, people often correctly forecast the direction of movement in a particular phenomenon, but rarely it's magnitude (eg CO2 might be rising, but so what?). If events play out as you and many others are currently envisaging, it seems to me that there will need to be more profound structural changes in the system above and beyond simply a financial reset, due to the all-encompassing 'regulatory capture' by these global behemoths - referred to by some as fascism. Without these large corporations' ability to get 'into bed' with most governments, much of what is currently playing out wouldn't have been possible.
Thanks Body - the money power have owned the government for more than a century. Change is coming as an avalanche. Be prepared as best you can.
words of wisdom...
I don’t doubt the numbers and that mining isn’t replenishing the metal fast enough, and the fact that what IS being counted, is rehypothecated many times over.
What I’m wondering is how is it possible for all the bullion dealers, like APMEX, JM Bullion, LibertyCoin, and others still be stocked with silver to the brim. Also, if there was a real shortage, why would anyone come up with commemorative and designer silver coins just to put it out on the market if there’s really such a shortage of the metal. Wouldn’t all of it be siphoned into the industry immediately and not even be seen by retail? Honest question that’s been on my mind for the longest time. Everyone is talking about the “shortage in silver” yet there’s no problem procuring it…(for now?)
The retail sector is asleep on this. Yes some of that silver can be sent to a refinery and refined into 1,000 oz. bars. But the retail shops still don't hold enough.
Let's take Jensen's word that there is 50m left. What if everyone just started buying these spot contracts... Not just silver but these contracts and request delivery? Kinda like GameStop...
Surely if all these commemorative coins suddenly disappeared then the signal this would give off would alert the public to a bigger issue. I don't think the amount of silver these coins take out of the markets is really that significant anyway. I may be wrong of course but IMO🤷🏻♂️
A great article David. The paragraph beginning "The astounding potential..... difficult to contemplate" made me laugh in a sick sort of way. Funny because of the audacity of those who carried out this fraudulent process and for what is now awaiting them as all this unfolds. Everyone involved will be desperately trying to get themselves out of this whilst looking for a plausible scapegoat to land the blame on. They must be shittin it as Monday morning approaches. I bet a few at least will not be enjoying their Sunday roast this day🤦🏻♂️🤣🤣
I don't know the exact timing but the fraud's reckoning is coming.
There will be a lot who try to emulate our new 'free speech' advocate Mark Zuckerberg in flipping sides. Won't work.
“The Pyramid of Power and the Coming Reckoning: A Psychological and Political Analysis of the Climate Crisis”
In the shadowed corridors of power, a quiet war rages—not one fought with armies, but with influence, obfuscation, and the controlled flow of capital. Oil and gas companies, and their bedfellows in finance—BlackRock, Vanguard, and their ilk—operate as the architects of inertia in the face of an accelerating climate crisis. Their strategy is as insidious as it is effective: buy the loyalty of political leaders, shape narratives through media control, and dismantle the democratic tools that might otherwise hold them accountable.
The Methodology of Control
From a psychological perspective, the mechanisms at play mirror a classic model of learned helplessness. By engineering systems of dependency—economic, political, and informational—these entities have conditioned the global population to accept a false binary: economic growth versus environmental sustainability. Politicians, rendered impotent or complicit by the lure of campaign funding and lucrative post-political appointments, become the unwitting (or willing) marionettes of a larger agenda.
BlackRock and Vanguard, with their unparalleled stakes in global industry, represent not just capital accumulation but the consolidation of power into a plutocratic elite. This elite, representing less than 1% of the population, wields its wealth not merely as a tool, but as a weapon. Climate change, for them, is not a crisis but an opportunity—a chance to privatize resources, displace populations, and profit from the chaos they have orchestrated.
Historical Parallels: Lessons from 1789
This dynamic, however, is not without precedent. History offers a chilling parallel in the French Revolution. When the masses—disenfranchised, impoverished, and ignored—reached a breaking point, their response was neither measured nor merciful. The guillotine became not only a tool of justice but a symbol of revolutionary fervor. Today, the psychological and economic pressures exerted by the 1% are creating a similarly volatile undercurrent.
The Anatomy of Revolt
The inevitable consequence of this systemic exploitation is revolt. As climate disasters grow more frequent and severe, the facade of control maintained by the elite will fracture. The masses, emboldened by a growing awareness of their exploitation, will target not only the institutions but the individuals responsible. CEOs and upper management of oil and gas companies, along with financiers who have profited from environmental degradation, will find themselves in the crosshairs.
This revolt will not be confined to symbolic protests or legal challenges. It will be visceral and direct, echoing the collective fury that toppled the ancien régime. The psychological tipping point—when hope is replaced by rage—will lead to an unprecedented challenge to the structures of power.
The Warning to the Elite
For the architects of this exploitation, there is still a path to redemption. Transparency, systemic reform, and the relinquishment of disproportionate power are not just moral imperatives but survival strategies. However, if these steps are not taken, the elites must prepare for a reckoning far beyond the reach of their gated communities and private security forces.
The psychology of revolution is clear: when the gap between the rulers and the ruled becomes insurmountable, the result is upheaval. The choice is theirs to make—but time is running out.
The people are awakening, and the guillotine of justice, whether literal or symbolic, waits in the wings.
GQ
Hope springs eternal, and perhaps one day we will see the truth reflected in prices, however, with the buy/sell spread of buying retail silver bullion, and the opportunity cost over the past 15 years, it’s hard to have made money in physical silver. And if you did use the ETF to purchase around spot, the risks you identify are material… Interesting times across the board! Thanks for your commentary on the evolving situation…
Of course the opportunity cost of investing in a fraudulently suppressed asset is high.
1) Gold and silver are safehaven assets and 2) frauds always collapse.
As bonds collapse with higher yields along with equities, the value of physical silver and gold will become clear. It is already clear to many who look at this markets in depth.
I acknowledge and agree with your view, and still remember trading silver around $4~$6 toz, as well as the run from $20 to $50, however, when it was around $50, apparently it was going to $100 then, so it has been a long pullback. I don’t doubt that we will ultimately see $100 silver, and it may even be in the near term, but timing is the variable and in the long term we are all dead… 😁
Standing on a rotted plank can continue for some time. Some say ho-hum.
That the plank is rotted has meaning.
Yep, good mug shot there of Larry