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Deniers should put up or shut up

Stacy Herbert

Stacy Summary: I believe that the fiat currency and debt system will collapse, that’s why I buy silver and gold. Those who believe the opposite is true are selling me silver and gold and some are shorting silver or gold. Those who take the opposite side of the trade are putting their money where their mouth is; they aren’t shrieking on forum boards around the world about mysterious conspiracies involving tens of thousands of humans in on some bizarre scheme to tax their paper dollars. They put up and shut up.

The markets will decide (and are deciding) who is right. I also believe that drought and other climate change related catastrophes will continue to cause havoc in global agricultural markets and have placed my bets accordingly. You can shriek all you want but your hysteria has not convinced me at all that my bets are wrong; in fact, they’ve made me more certain that my bets will continue to pay off. Until I see you putting up and shutting up, I will hang on to my positions. Investors poured $702 million into commodity funds in the week ending May 25th on bets that climate change will continue hitting agricultural output from Kansas to France to Russia and Pakistan. If you truly believe climate change is just a vast conspiracy by scientists to impose a carbon tax, then this is the mother of all shorts being handed to you on a silver platter. It’s the equivalent of buying silver when JP Morgan has such a large short position.

http://maxkeiser.com/2011/05/30/deniers-should-put-up-or-shut-up/

May 30, 2011

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