Eye of the Pyramid

I just finished the novel Eye of the Pyramid by Terry L. Krohn. If you liked Da Vinci Code, you will love this book. What is the tie between Dr. Paul Malone, who has received cryptic messages in his dreams and Edward Leedskalnin who singlehandedly built the Coral Castle in Homestead, Florida? How could he move sixty-thousand pound stones by himself? What is the tie to those men and Esau, an innocent son of a shepherd born over 2000 years ago in egypt?

There are so many themes running through this book: the Federal Reserve, derivatives, gold and silver, and fiat money. On Page 241, Dr. Paul Malone is meeting with the Secretary of the Treasury. As the meeting is concluding, Malone says:

Let me ask you a question. Are you aware that there are four large firms with a paper obligation to deliver silver on the Comex exchange which is bigger than all known above ground reserves? This could be a derivative time bomb in the making. And are you aware that the regulating authority, the CFTC, appears to be turning a blind eye to the matter?

So I did some research! Ted Butler writing WEEKLY COMMENTARY April 25, 2005 in Silver 101 at Investment Rarities says that silver has been in an deficit consumption pattern for 60 years, above and beyond what was mined or recycled. Meaning that for 60 years we have been consuming more silver than the world produces. The US once had reserves of 5,000,000,000 ounces of silver. That silver is gone!

On top of the long-term deficit consumption pattern and the loss of over 95% of all known world inventories, we have in place, like a thermonuclear device, the largest short position the world has ever witnessed. Silver has a short position many times larger than the known silver in the world that could be delivered to cover this monumental short position. By itself, that short position is reason enough to run to buy silver. Combined with the structural deficit and the depleted inventories, it has created an investment situation never before witnessed. Do you think that’s reflected in the price? No, not even close.

Doesn't it make you mad that 5 Billion ounces of our treasure is gone? What price will it take to clear the short position?

In the 70's, silver sold upwards of $50 per ounce. The USD has been eroded by 95% since then. We are out 5 Billion ounces of silver and left with $8,000,000,000,000, yes, $8 Trillion of debt.

Article Author: Mover Mike

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