NEWS MEDIA SILVER BLACKOUT! Copyright July 2002 Charles Savoie Be assured at the outset that the following report is far from complete; and that certain details not mentioned here are subject to being released at a future date, possibly at another website if appropriate. This is not a limitation on the part of Silver Investor; rather, at this time, the threshold of controversy needs to be expanded to a certain boundary and no further. Sorry to tantalize you! In case anyone has wondered---I have never functioned as an informal voice on behalf of any silver company, there is no editorial consultation; views expressed are those of private investor and concerned individual. For the time being, consider this as an introductory outline of subversion in the mass media concerning the precious metals markets, and what kind of noises we may expect to hear from these allegedly distinguished sources (the awards they have come from one another) as silver enters (visible) crisis phase in 2002 and triggers earthquakes and lightening also in gold and platinum. This subversion consists mainly in what they have failed to tell the public---that these markets are manipulated, and a crisis is unavoidable. What little is said about silver is mostly falsehoods---there are few new uses for silver, demand is falling, and the fundamentals are poor or weak. Commodity analysts, almost to a man except Butler and Morgan, have nothing to say concerning the deficit and how leasable supplies are rapidly running out! Of the hundreds of thousands of media employees in America, is it possible that none of them have read the Butler series on silver? Media is aware of the situation but will say nothing! Did the National Press Club merely overlook the silver account chronicled by Butler on the Internet? Could it be the media lack resources to investigate the situation, yet those with vastly smaller funds have succeeded in discovering essential truths about the metals markets? This is like saying---a tricycle can hit ten miles per hour faster than a racecar! Yellow journalism at its worst is a blackout of sensitive topics; therefore, the yellow background color here shows their real colors! Napoleon Bonaparte understood who his victorious opposition, the Duke of Wellington, functioned on behalf of when his forces were defeated at Waterloo, Belgium, on June 18, 1815---not so much England or its allies, but the people who took over most of the shares on the London Stock Exchange following the engineered crash there as word was falsely spread of the defeat of the Duke of Wellington. As Napoleon said, what is history but a fable agreed upon? Another of his sayings was, four hostile newspapers are more to be feared than a thousand bayonets! There are fables circulating in the silver market, and our heroic media has done nothing to dispel these fables; rather, they are the source of them, or relay these fables from others with influence. Investors Business Daily said in an April 2002 edition, the underlying fundamentals for silver are poor! (The paper is owned by Data Analysis Inc---ever hear of them?) The June 14 issue on the front page has an article discouraging purchase of silver and gold mining shares and physical metal, calling it fools gold and saying there is little in the way of fundamentals to support those markets! Take advice from such sources; expect to be throwing pennies around like manhole covers later! What I smell is, there is a coordinated effort to get little people to hold the bag for those in the right circles, as they bail out of stocks before the next round of ruination (as in WorldCom putrefying from $90 to $0.06!) To hear such sources tell it, silver deficits mean nothing; naked short sellers will supply the world with silver at $4 an ounce for the next 1,000 years! For long months, and until the founding of Silver Investor, Theodore Butler has been almost the ONLY voice agitating for transparency in the silver market, with regard to leasing, naked short positions, the users association and bullion banking. Then along came the Gold Anti-Trust Action Committee. Have you read any references to GATA in the national press? Mostly these are dismissive, and make fun of so-called conspiracy theories. Of 5 news reports on GATA at their website, 4 make reference to conspiracy theorists. Dear friends, be assured---this world is run by conspiracies---call them manipulations if that disturbs you less, for special interests always seem to have their way. This is nothing new. The forces of exploitation have realized they must control the news received by the public since before the time Leland Stanford (Central Pacific and Southern Pacific Railroads, Stanford University) was a U.S. senator (1885-1893) and threw $20 gold pieces to reporters to get favorable coverage for his activities and those of his associates. The blackout of coverage of the silver manipulation and nearing crisis is deliberate. When the silver earthquake shakes world markets, it will be impossible to continue the blackout, but we can very assuredly predict a distortion campaign from the media---the shortage is the fault of the longs, and unhedged silver companies are greedy profiteers for not giving their metal away! Returns of 160 to 1 and 300 to 1 realized from silver mining in centuries past (National Geographic, September 1933, pages 255 and 261) may seem slim compared to coming results, and media will convulsively rave how evil this is. We wait for them to speak to the evil of silver supposedly owned by people of various nations being looted with central bank complicity, being evil! And the coming profitable years of silver mining must be averaged with the many long years of unprofitability to get a fair perspective! How many investigative reporters for national news magazines or large metropolitan newspapers have conducted exposes of the engineered long-term bear market in gold and silver, to culminate in shortages and emergencies? I know of none; and the reason is clear. Media interests are interlocked with short selling interests, as we shall proceed to explore to sufficient extent to demonstrate. As the computer said in Colossus, The Forbin Project (1969), THIS IS THE VOICE OF WORLD CONTROL! MORE LIES THAN GRAINS OF SAND IN THE SAHARA! Beginning with names mentioned by Butler as probable naked short sellers of silver (JPMorganChase; Citigroup; Goldman Sachs; HSBC Group) we will now consider some of the interlocks with boards of directors of media conglomerates. What we find covers more territory than current relationships alone suggest. For example, Lewis T. Preston, who was a member of the executive committee of J.P. Morgan & Company from 1976-1990, then became president of the World Bank in Washington, D.C. in 1991, married Gladys Pulitzer on April 17, 1959, of the Saint Louis newspaper publishing family who still run 14 newspapers; according to Hoovers Company Capsule, the family owns nearly 90% of the enterprise. (Will I be nominated for a Pulitzer Prize for this commentary, or Butler for his editorials on the silver market? No, we are censorship and blackout targets!) So here they are interlocked by marriage with the J.P. Morgan interests (as Ferdinand Lundberg said in Americas 60 Families, 1940, page 37, the total extent of Morgan power in American industry and finance defies statistical measurement; with a $24 trillion derivatives position, we see confirmation of Lundbergs claim generations later!) With the merger of J.P. Morgan & Company, powerhouse of finance (historian John Morton Blum called J.P. Morgan, almost lord of creation) and Chase Manhattan bank, we have the uniting of super-powerful interests dating to the days of the robber barons of North America. Indeed, the same forces that suppressed silver in 1872-1873 and 1893 are behind the suppression today; like father, like son! As if a moral commentary on their roots, J.P. Morgan traced his ancestry to Henry Morgan, 17th century Caribbean pirate, and named his yacht the Corsair in his memory (Lundberg, page 5). The Senate Banking Committee reported in 1933 that J.P. Morgan & Company gave valuable stock options to assorted members of the journalistic media in 1927 through 1929 (Lundberg, page 294). Current chairman of JPMorganChase, Douglas Warner III, is a director of General Electric Company (as was Henry S. Morgan, son of J.P. Morgan; Preston was also a G.E. director). The billions and megamillions are inherited and married into, exactly as in feudalism! General Electric owns NBC, National Broadcasting Company. This is why they ignore voices like Ted Butler and GATA! Mr. Warner is also a director of Anheuser Busch Company (another old-line wealthy family), possibly someone hopes for us to be lit on beer and watching sports teams owned by big operators rather than looking into relevant situations. Frank Bennack, another JPMorganChase director, was chairman of the Newspaper Association of America in 1992 and 1993, and currently also president of the Hearst Corporation with its 26 newspapers (including Houston Chronicle; San Antonio Express News; San Francisco Chronicle; and Seattle Post), 33 magazines in over 100 nations (including Esquire, Popular Mechanics and Smart Money); 27 TV stations reaching 17.5% of U.S. households (Albuquerque; Baltimore; Boston; Cincinnati; Honolulu; New Orleans; Pittsburgh; Tampa and elsewhere) and 11 cable TV networks, including ESPN and History Channel (remember Napoleons comments about history). Lundberg mentioned Securities and Exchange Commission reports revealing the obligations on the part of William Randolph Hearst for huge loans from Chase and National City Bank (now Citigroup.) Gilbert Maurer, a Hearst director, was chairman of the Magazine Publishers Association from 1979 through 1981 and has been a trustee of the Whitney Museum of American Art.