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Welcome, fellow Conspirators!
Big thanks to everyone who joined us tonight as we generally celebrated three years of gathering to conspire for freedom! It's around the date of our third anniversary (I just approached it as "GO" and never really kept track of the day) and we got to dig into MANY big news stories, thanks to the work of great journalists. - Join us, m-f 6 pm on Rumble, X and check out my Substack for Daily News - Best, to all! Here are some of the key stories we investigated tonight!
Share
Subscribe now
WARAGAINST YOU - The state always is in a state of war against civilians, because it only can exist by threatening you, creating embargoes against your free trade, silencing you, and demanding that you pay for it. But it just got more evident to those who want to look. General Gregory Guillot of U.S. Northern Command last week told a US Senator on the Armed Serviced Committee that he will fire on Americans whom he considers “domestic terrorists”. LINK
VENEZUELA - It appears that Trump has hit docks in VZ. More to come…
UKRAINE
-Trump is offering Ukraine 15 years of “security guarantees” (read: 15 years of contracts for US military and corporate cronies) as part of a “peace” plan. It sure is great to be forced to be part of his plans, isn’t it? LINK
Immediately after Zelenskyyyy met with Trump at Mar-a-Gogo, Ukraine evidently used over 90 drones to attack Putin’s home in Novgorod, which brings forth two major questions:
ONE - Why would Zelensky do this, if he is asking for concessions from Putin to end the war? This signals to Putin that he should increase the pressure inside Ukraine, hitting more infrastructure, moving westward even more rapidly, leaving Zelensky in a WORSE negotiating position than if he had not engaged in this attack. It’s utterly insane and suicidal.
TWO - One might want to ask Mike Pompeo (he of the infamous boastful statement about US Intel groups “we lie, cheat, steal…” etc. and of the dancing-with-Israeli-murderer-soldiers video) if the drones Ukraine used were made by the Ukrainian drone manufacturer that recently named him to its “advisory board.” LINK
MEANWHILE, UKRAINE and NATO just engaged in more “alliance theatre” conducting military exercises together. LINK
-Please note the shell-game Trump is playing against the US citizens, as he claims that the US is no longer going to supply the weapons to Ukraine it has been (this, despite the fact that the NDAA contained $400 MILLION more in weapons for Ukraine, and he didn’t veto it). The shell game comes via the primary mechanism for NATO allies purchasing US-made weapons for Ukraine, which is called the Prioritised Ukraine Requirements List (PURL) initiative, launched in July. PURL allows NATO members and partners to fund and procure critical US equipment, such as air defense missiles (e.g., Patriots), artillery ammunition, and other systems, for rapid delivery to Ukraine. Total commitments under PURL have reached approximately $4-5 billion for 2025, with over 20 countries participating, though some like Italy have paused involvement amid ongoing Russia-Ukraine peace talks.
Here’s a chronological summary of key updates:
December 16, 2025: Montenegro, Denmark, and New Zealand announced contributions to PURL for purchasing US weapons for Ukraine (specific amounts not detailed in reports).
December 4-5, 2025: Canada, Germany, the Netherlands, Norway, and Poland pledged a combined $1 billion for PURL-funded US arms. This includes Canada’s additional $200 million (bringing its total to $890 million, focused on air defense like Patriots), Germany’s extra $200 million for weapons and ammunition, and the Netherlands’ €250 million for air defense and F-16-related equipment.
Overall, 21 countries had joined PURL by this point, with commitments hitting $4 billion.
December 3, 2025: Italy suspended its participation in PURL, citing it as “premature” amid ceasefire discussions, marking a shift as it was initially considering joining. This drew criticism, with Ukraine requesting an additional €1 billion in PURL deliveries for winter defense.
December 2-10, 2025: NATO reported over $4 billion in PURL commitments, with deliveries ongoing. Pressure mounted on under-contributing allies to share the burden more evenly for US-sourced equipment.
Relative to total NATO “defense spending” ($1.59 trillion): PURL represents ~0.25–0.31% — a negligible fractional increase.
What is important to note is that the US supplies 60-66% of NATO’s “military” funds.
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ISRAEL-GAZA-ISRAEL-IRAN
Trump met with Netanyahu (who was looking particularly gnome-like today) to emerge from the Swipe-Hype House to say that he was ready to attack Iran again. Totally moral, and very, very, very, very “constitutional” - right? (wink) LINK You’ll notice in this clip that the questioner doesn’t distinguish between Iranian nuclear power refining and any weapons development (which Iran has not been doing). Trump implies that if Iran engages in ANY nuclear refining, he will attack.
-Trump calls for disarmament of Hamas, which is precisely what Netanyahu wants, to facilitate complete ethnic cleansing, “from the river to the sea” as Netanyahu oft says. This would be Hamas, which Netanyahu made sure was funded to the tune of tens of millions of our tax dollars. LINK
-This is a very good conversation re the meeting and the US-Israeli threats against Iran, thanks to Glenn Diesen and Prof. Seyed Mirandi LINK
- This, Iran saw coming, so the leadership there declared over the weekend that they already see the US in a state of War against them. LINK
Rubio is rolling out his parallel rhetoric as the Trump Admin tries to cajole Somalia to take the bulk of the population of Gaza. Rubio wants a “peace overseer” gang — in the occupied zone. See how that works? Totally moral. LINK
Annnnd, here is the latest on the US-Israel attempt to move Palestinians to Somalia, as Israel runs against international “law” and recognizes Somaliland as independent. Now, we also can see a triangulation to leverage Somaliland in order to pressure Yemen, and the Houthis therein. This is incredibly devious and dark. LINK Here is Dave DeCamp, of Antiwar-dot-com on the moves. LINK
How can one expect privacy and individuality to remain intact when, in fact, they already have been destroyed by the collective claiming to include you in its plans and as one of its sources of funds? Here is the tale of the NY Subway, which now will be taking people’s money via e-means, and it claims this will be the only way… LINK
IMMIGRATION POLICE STATECatholic leaders are slamming the Trump ICE kidnapping actions. LINK
-More nightmares for families, businesses, employees, customers. LINK
-To carry this over, from the Sunday News Assembly, Trump’s H1B visa (no “authority” in the Const for that, and no authority for any polis, in the first place) sees a biiig backfire, as companies hire… offshore. LINK
Yep. More, as Marsha Blackburn pushes to make the federal strangulation even worse, far worse than what even Trump’s recent EO claims to do. LINK
Share Gardner Goldsmith
US ECONOMYAs one watches the FOX chattering class offer their evidently uninformed opinions on the economy, one sees a member of the panel make bold claims such as his expostulation that “entrepreneurship is at a record high.” LINK What he doesn’t dig into is what the word “entrepreneurship” means (it’s utterly malleable, clay, in the hands of the government and parrots such as many on television), and why these “entrepreneurs” are adding new hours of work to their lives… I suspected the category of Trump’s “entrepreneurs” actually includes vast numbers of people taking side jobs, part-time jobs, and gig work, which blowhards such as this FOX commentator try to liken to small business entrepreneurs in the great American tradition. This is not the case…
A significant portion of this surge in “entrepreneurship” statistics does indeed stem from the growth of the gig economy, side hustles, and independent contracting—activities like driving for Uber, freelancing, or part-time gig work. These are often captured in key datasets as nonemployer businesses (sole proprietorships without payroll employees), which the US Census Bureau explicitly links to the “gig economy” in its Nonemployer Statistics, showing continued expansion in gig-related industries. Research using US tax returns and other data confirms that gig workers, including those on platforms like Uber and Lyft, are included in broader entrepreneurship metrics because they operate as self-employed individuals, and but, in reality, they are not supposed to be defined as “formal entrepreneurship” which entails investment in space, time, energy, insurance, input and output lines, overhead, loans, and much more. In 2025, over 70 million Americans (about 36% of the workforce) are involved in gig work or freelancing, contributing to the elevated numbers in business formation stats. This broader inclusion can make traditional entrepreneurship appear more robust than if one focused only on scalable, high-growth ventures.
The 72.9 million p-t and gig workers cited for 2025 by the BLS (without stats from October and half of November) is 200K higher than 2024, and the percentage of U.S. workers fully or partially employed in part-time or gig work was approximately 45% in 2025, which is 4.3 percentage points higher than in 2022 (when it was 40.8%). That’s not good, especially since UNemployment has risen this year, from 4.0 percent in January to 4.6 % in November. As the Tenth Amendment Center noted this morning, this line, from OVID, is pertinent to the US experience and degradation.
GOLD, SILVER
-Following up on our coverage of the ever-weaker US Federal Reserve Note and the standard phenomenon of precious metals retaining their value, combined with the new Chinese overseas export controls on silver (see yesterday’s Sunday News Assembly), we see this news from Italy. LINK What’s going on in Italy? Here is the headline: “Italy parliamentary panel approves ‘people’s’ claim on central bank’s gold” and here is another article on it LINK ‘An Italian parliamentary committee has made a major decision when it approved an amendment to next year’s budget. According to the amendment, the gold reserves held in the vaults of the Italian central bank belong to the Italian people. “The gold reserves managed and held by the central bank belong to the Italian people,” reads the text approved by the upper house of parliament’s budget committee. This wording further clarifies that it is not legally superior to European Union rules protecting the independence of central banks. The bill’s proponents argue that the initial ownership of the gold reserves belongs to the state, acting on behalf of the Italian people, in order to ensure that foreign entities among the central bank’s shareholders cannot claim the treasure. The European Central Bank criticized the draft amendment, but Italian Economy Minister Giancarlo Giorgetti said the issue had been resolved after a meeting with Christine Lagarde and other ministerial colleagues in Brussels. “We believe that the matter can be considered resolved,” the minister told parliament, adding that the executive branch has no intention of using central bank gold to finance public spending, as this would violate EU regulations.’
-And that “internet” thing is buzzing with rumors and unconfirmed claims that JP Morgan has “flipped” on its position on long-term prospects for silver, even to the point that JP reversed from a 200 million ounce short to a 750 million ounce physical long position in silver by December 16, 2025, marking the largest such flip in market history.
This maneuver, absorbing approximately $4.875 billion in unrealized losses as silver prices spiked above $80 per ounce due to industrial demand surges in solar and AI sectors, suggests JPMorgan anticipates prolonged supply constraints, including China’s export licensing regime effective January 1, 2026, which controls 65% of global refining.
HOWEVER!!!! No SEC 8-K filing existed by December 27 —a Saturday—with the latest from December 8 unrelated; so this narrative likely stems from CFTC data and speculative videos. HOWEVER (x2!!) - Acquiring an understanding of the prospect of such a flip likely is valuable. Let’s consider a generic situation and get a grasp of the terms and what such moves represent…
JPMorgan long has held one of the largest short positions in silver futures contracts on the COMEX exchange. A short position bets on the price falling: the bank sells silver contracts it doesn’t own, hoping to buy them back cheaper later for profit. This has fueled years of accusations (and past fines) that JPMorgan and other bullion banks suppressed silver prices through concentrated paper shorts. According to circulating (UNCONFIRMED!!) reports in precious metals communities (e.g., from analysts tracking CFTC data, vault flows, and market commentary), sometime between mid-2025 (June–October) and late December:
JPMorgan closed out its massive ~200 million ounce net short position in paper silver futures.
It then shifted to a massive net long stance, allegedly accumulating ~750 million ounces of physical silver (actual metal in vaults, not just contracts).
This would make JPMorgan the holder of the largest private physical silver stockpile in history—roughly equivalent to a full year’s global mine production.
The “flip” means going from betting against silver (short, profiting if prices fall) to betting on it rising (long, profiting from higher prices and holding physical metal amid supply shortages). Why would JPMorgan, after 15+ years on the short side, suddenly absorb billions in losses (e.g., the rumored $4.875B unrealized hit from closing shorts as prices rose) to switch sides? It suggests they anticipate sustained higher prices due to factors like industrial demand (solar, EVs, AI), structural deficits, and upcoming China export restrictions.
Important Caveats:
This is not officially confirmed by JPMorgan, the CFTC, or SEC filings — CFTC reports aggregate bank positions anonymously (no individual bank names), and specific attributions to JPMorgan come from market analysts interpreting data trends, vault reports, and historical patterns.
Some sources call it speculation or exaggeration, as exact per-bank holdings aren’t public.
Silver prices did surge dramatically in 2025 (doubling+ to highs around $70–$80/oz before volatility), driven by real supply-demand imbalances, but the exact scale of JPMorgan’s role remains debated.
In short: “Flipped/switched” = from bearish (short) to ultra-bullish (massive long physical), signaling JPMorgan expects silver’s rally to continue or accelerate.
HOWEVER!!!! - BREAKING*******- IT DOES LOOK LIKE THE FED IS INJECTING EMERGENCY CASH INTO BANKS THAT SHORTED ON SILVER AND BANKS THAT HAVE TO PAY HIGHER RETURNS ON ETFS! LINK LINK LINK More, this focusing on Bank of America’s silver shorts. LINK That’s a LOT of prospective LOSS. This injection comes ATOP the lowering of interest rates, meaning, more inflation of the money supply LINK
US BANKRUPTCIES - Large bankruptcies - the highest this year since 15 years ago. This is the third consecutive annual increase. LINK
-GUESS WHAT? Remember when White House Economic Advisor Kevin Hassett (on the short list for becoming next Fed Chair?) claimed that purchasing power for Americans had increased? In this video chat, he tacitly admits that said claim was false, because he says that purchasing power is poised to get better… Curious. LINK
-VEGAS - Revealing even WORSE economic data re tourism. LINK
-MORE TRUCKING PROBLEMS - Great Dane mid-month announced its intention to lay off 164 employees at its facility in Elysburg/Ralpho Township, Northumberland County, Pennsylvania (with an estimated $12 million in annual wages effected).
The company filed a WARN (Worker Adjustment and Retraining Notification) notice with the Pennsylvania Department of Labor & Industry around early December 2025.
-JOHN DEERE CUTS MORE AMERICAN JOBS LINK
-THE US, CANADA, in massive trouble. LINK While the Canadian govt early this month pledging more cash to Zelenskyyyy LINK
That’s it for tonight! Join us, m-f 6 PM, cool cats!
MANY, MANY thanks for supporting freedom, and for sharing the links! And remember, you can back us here by becoming a paid subscriber if you would like, and feel free to watch Liberty Conspiracy LIVE on Gardner’s X @gardgoldsmith and on Rumble! Spread the word! Thanks, again! Please feel free to SHARE the links, and join us every M-F at 6 PM on Rumble, and my X @gardgoldsmith — and you also can donate to help the Liberty Conspiracy, itself! Just visit PayPal to help out! You also can mail GG at:
Gardner Goldsmith
PO Box 581
Amherst, NH, 03031 :)
Subscribe now
Leave a comment
By Gardner GoldsmithWelcome, fellow Conspirators!
Big thanks to everyone who joined us tonight as we generally celebrated three years of gathering to conspire for freedom! It's around the date of our third anniversary (I just approached it as "GO" and never really kept track of the day) and we got to dig into MANY big news stories, thanks to the work of great journalists. - Join us, m-f 6 pm on Rumble, X and check out my Substack for Daily News - Best, to all! Here are some of the key stories we investigated tonight!
Share
Subscribe now
WARAGAINST YOU - The state always is in a state of war against civilians, because it only can exist by threatening you, creating embargoes against your free trade, silencing you, and demanding that you pay for it. But it just got more evident to those who want to look. General Gregory Guillot of U.S. Northern Command last week told a US Senator on the Armed Serviced Committee that he will fire on Americans whom he considers “domestic terrorists”. LINK
VENEZUELA - It appears that Trump has hit docks in VZ. More to come…
UKRAINE
-Trump is offering Ukraine 15 years of “security guarantees” (read: 15 years of contracts for US military and corporate cronies) as part of a “peace” plan. It sure is great to be forced to be part of his plans, isn’t it? LINK
Immediately after Zelenskyyyy met with Trump at Mar-a-Gogo, Ukraine evidently used over 90 drones to attack Putin’s home in Novgorod, which brings forth two major questions:
ONE - Why would Zelensky do this, if he is asking for concessions from Putin to end the war? This signals to Putin that he should increase the pressure inside Ukraine, hitting more infrastructure, moving westward even more rapidly, leaving Zelensky in a WORSE negotiating position than if he had not engaged in this attack. It’s utterly insane and suicidal.
TWO - One might want to ask Mike Pompeo (he of the infamous boastful statement about US Intel groups “we lie, cheat, steal…” etc. and of the dancing-with-Israeli-murderer-soldiers video) if the drones Ukraine used were made by the Ukrainian drone manufacturer that recently named him to its “advisory board.” LINK
MEANWHILE, UKRAINE and NATO just engaged in more “alliance theatre” conducting military exercises together. LINK
-Please note the shell-game Trump is playing against the US citizens, as he claims that the US is no longer going to supply the weapons to Ukraine it has been (this, despite the fact that the NDAA contained $400 MILLION more in weapons for Ukraine, and he didn’t veto it). The shell game comes via the primary mechanism for NATO allies purchasing US-made weapons for Ukraine, which is called the Prioritised Ukraine Requirements List (PURL) initiative, launched in July. PURL allows NATO members and partners to fund and procure critical US equipment, such as air defense missiles (e.g., Patriots), artillery ammunition, and other systems, for rapid delivery to Ukraine. Total commitments under PURL have reached approximately $4-5 billion for 2025, with over 20 countries participating, though some like Italy have paused involvement amid ongoing Russia-Ukraine peace talks.
Here’s a chronological summary of key updates:
December 16, 2025: Montenegro, Denmark, and New Zealand announced contributions to PURL for purchasing US weapons for Ukraine (specific amounts not detailed in reports).
December 4-5, 2025: Canada, Germany, the Netherlands, Norway, and Poland pledged a combined $1 billion for PURL-funded US arms. This includes Canada’s additional $200 million (bringing its total to $890 million, focused on air defense like Patriots), Germany’s extra $200 million for weapons and ammunition, and the Netherlands’ €250 million for air defense and F-16-related equipment.
Overall, 21 countries had joined PURL by this point, with commitments hitting $4 billion.
December 3, 2025: Italy suspended its participation in PURL, citing it as “premature” amid ceasefire discussions, marking a shift as it was initially considering joining. This drew criticism, with Ukraine requesting an additional €1 billion in PURL deliveries for winter defense.
December 2-10, 2025: NATO reported over $4 billion in PURL commitments, with deliveries ongoing. Pressure mounted on under-contributing allies to share the burden more evenly for US-sourced equipment.
Relative to total NATO “defense spending” ($1.59 trillion): PURL represents ~0.25–0.31% — a negligible fractional increase.
What is important to note is that the US supplies 60-66% of NATO’s “military” funds.
Share
Subscribe now
ISRAEL-GAZA-ISRAEL-IRAN
Trump met with Netanyahu (who was looking particularly gnome-like today) to emerge from the Swipe-Hype House to say that he was ready to attack Iran again. Totally moral, and very, very, very, very “constitutional” - right? (wink) LINK You’ll notice in this clip that the questioner doesn’t distinguish between Iranian nuclear power refining and any weapons development (which Iran has not been doing). Trump implies that if Iran engages in ANY nuclear refining, he will attack.
-Trump calls for disarmament of Hamas, which is precisely what Netanyahu wants, to facilitate complete ethnic cleansing, “from the river to the sea” as Netanyahu oft says. This would be Hamas, which Netanyahu made sure was funded to the tune of tens of millions of our tax dollars. LINK
-This is a very good conversation re the meeting and the US-Israeli threats against Iran, thanks to Glenn Diesen and Prof. Seyed Mirandi LINK
- This, Iran saw coming, so the leadership there declared over the weekend that they already see the US in a state of War against them. LINK
Rubio is rolling out his parallel rhetoric as the Trump Admin tries to cajole Somalia to take the bulk of the population of Gaza. Rubio wants a “peace overseer” gang — in the occupied zone. See how that works? Totally moral. LINK
Annnnd, here is the latest on the US-Israel attempt to move Palestinians to Somalia, as Israel runs against international “law” and recognizes Somaliland as independent. Now, we also can see a triangulation to leverage Somaliland in order to pressure Yemen, and the Houthis therein. This is incredibly devious and dark. LINK Here is Dave DeCamp, of Antiwar-dot-com on the moves. LINK
How can one expect privacy and individuality to remain intact when, in fact, they already have been destroyed by the collective claiming to include you in its plans and as one of its sources of funds? Here is the tale of the NY Subway, which now will be taking people’s money via e-means, and it claims this will be the only way… LINK
IMMIGRATION POLICE STATECatholic leaders are slamming the Trump ICE kidnapping actions. LINK
-More nightmares for families, businesses, employees, customers. LINK
-To carry this over, from the Sunday News Assembly, Trump’s H1B visa (no “authority” in the Const for that, and no authority for any polis, in the first place) sees a biiig backfire, as companies hire… offshore. LINK
Yep. More, as Marsha Blackburn pushes to make the federal strangulation even worse, far worse than what even Trump’s recent EO claims to do. LINK
Share Gardner Goldsmith
US ECONOMYAs one watches the FOX chattering class offer their evidently uninformed opinions on the economy, one sees a member of the panel make bold claims such as his expostulation that “entrepreneurship is at a record high.” LINK What he doesn’t dig into is what the word “entrepreneurship” means (it’s utterly malleable, clay, in the hands of the government and parrots such as many on television), and why these “entrepreneurs” are adding new hours of work to their lives… I suspected the category of Trump’s “entrepreneurs” actually includes vast numbers of people taking side jobs, part-time jobs, and gig work, which blowhards such as this FOX commentator try to liken to small business entrepreneurs in the great American tradition. This is not the case…
A significant portion of this surge in “entrepreneurship” statistics does indeed stem from the growth of the gig economy, side hustles, and independent contracting—activities like driving for Uber, freelancing, or part-time gig work. These are often captured in key datasets as nonemployer businesses (sole proprietorships without payroll employees), which the US Census Bureau explicitly links to the “gig economy” in its Nonemployer Statistics, showing continued expansion in gig-related industries. Research using US tax returns and other data confirms that gig workers, including those on platforms like Uber and Lyft, are included in broader entrepreneurship metrics because they operate as self-employed individuals, and but, in reality, they are not supposed to be defined as “formal entrepreneurship” which entails investment in space, time, energy, insurance, input and output lines, overhead, loans, and much more. In 2025, over 70 million Americans (about 36% of the workforce) are involved in gig work or freelancing, contributing to the elevated numbers in business formation stats. This broader inclusion can make traditional entrepreneurship appear more robust than if one focused only on scalable, high-growth ventures.
The 72.9 million p-t and gig workers cited for 2025 by the BLS (without stats from October and half of November) is 200K higher than 2024, and the percentage of U.S. workers fully or partially employed in part-time or gig work was approximately 45% in 2025, which is 4.3 percentage points higher than in 2022 (when it was 40.8%). That’s not good, especially since UNemployment has risen this year, from 4.0 percent in January to 4.6 % in November. As the Tenth Amendment Center noted this morning, this line, from OVID, is pertinent to the US experience and degradation.
GOLD, SILVER
-Following up on our coverage of the ever-weaker US Federal Reserve Note and the standard phenomenon of precious metals retaining their value, combined with the new Chinese overseas export controls on silver (see yesterday’s Sunday News Assembly), we see this news from Italy. LINK What’s going on in Italy? Here is the headline: “Italy parliamentary panel approves ‘people’s’ claim on central bank’s gold” and here is another article on it LINK ‘An Italian parliamentary committee has made a major decision when it approved an amendment to next year’s budget. According to the amendment, the gold reserves held in the vaults of the Italian central bank belong to the Italian people. “The gold reserves managed and held by the central bank belong to the Italian people,” reads the text approved by the upper house of parliament’s budget committee. This wording further clarifies that it is not legally superior to European Union rules protecting the independence of central banks. The bill’s proponents argue that the initial ownership of the gold reserves belongs to the state, acting on behalf of the Italian people, in order to ensure that foreign entities among the central bank’s shareholders cannot claim the treasure. The European Central Bank criticized the draft amendment, but Italian Economy Minister Giancarlo Giorgetti said the issue had been resolved after a meeting with Christine Lagarde and other ministerial colleagues in Brussels. “We believe that the matter can be considered resolved,” the minister told parliament, adding that the executive branch has no intention of using central bank gold to finance public spending, as this would violate EU regulations.’
-And that “internet” thing is buzzing with rumors and unconfirmed claims that JP Morgan has “flipped” on its position on long-term prospects for silver, even to the point that JP reversed from a 200 million ounce short to a 750 million ounce physical long position in silver by December 16, 2025, marking the largest such flip in market history.
This maneuver, absorbing approximately $4.875 billion in unrealized losses as silver prices spiked above $80 per ounce due to industrial demand surges in solar and AI sectors, suggests JPMorgan anticipates prolonged supply constraints, including China’s export licensing regime effective January 1, 2026, which controls 65% of global refining.
HOWEVER!!!! No SEC 8-K filing existed by December 27 —a Saturday—with the latest from December 8 unrelated; so this narrative likely stems from CFTC data and speculative videos. HOWEVER (x2!!) - Acquiring an understanding of the prospect of such a flip likely is valuable. Let’s consider a generic situation and get a grasp of the terms and what such moves represent…
JPMorgan long has held one of the largest short positions in silver futures contracts on the COMEX exchange. A short position bets on the price falling: the bank sells silver contracts it doesn’t own, hoping to buy them back cheaper later for profit. This has fueled years of accusations (and past fines) that JPMorgan and other bullion banks suppressed silver prices through concentrated paper shorts. According to circulating (UNCONFIRMED!!) reports in precious metals communities (e.g., from analysts tracking CFTC data, vault flows, and market commentary), sometime between mid-2025 (June–October) and late December:
JPMorgan closed out its massive ~200 million ounce net short position in paper silver futures.
It then shifted to a massive net long stance, allegedly accumulating ~750 million ounces of physical silver (actual metal in vaults, not just contracts).
This would make JPMorgan the holder of the largest private physical silver stockpile in history—roughly equivalent to a full year’s global mine production.
The “flip” means going from betting against silver (short, profiting if prices fall) to betting on it rising (long, profiting from higher prices and holding physical metal amid supply shortages). Why would JPMorgan, after 15+ years on the short side, suddenly absorb billions in losses (e.g., the rumored $4.875B unrealized hit from closing shorts as prices rose) to switch sides? It suggests they anticipate sustained higher prices due to factors like industrial demand (solar, EVs, AI), structural deficits, and upcoming China export restrictions.
Important Caveats:
This is not officially confirmed by JPMorgan, the CFTC, or SEC filings — CFTC reports aggregate bank positions anonymously (no individual bank names), and specific attributions to JPMorgan come from market analysts interpreting data trends, vault reports, and historical patterns.
Some sources call it speculation or exaggeration, as exact per-bank holdings aren’t public.
Silver prices did surge dramatically in 2025 (doubling+ to highs around $70–$80/oz before volatility), driven by real supply-demand imbalances, but the exact scale of JPMorgan’s role remains debated.
In short: “Flipped/switched” = from bearish (short) to ultra-bullish (massive long physical), signaling JPMorgan expects silver’s rally to continue or accelerate.
HOWEVER!!!! - BREAKING*******- IT DOES LOOK LIKE THE FED IS INJECTING EMERGENCY CASH INTO BANKS THAT SHORTED ON SILVER AND BANKS THAT HAVE TO PAY HIGHER RETURNS ON ETFS! LINK LINK LINK More, this focusing on Bank of America’s silver shorts. LINK That’s a LOT of prospective LOSS. This injection comes ATOP the lowering of interest rates, meaning, more inflation of the money supply LINK
US BANKRUPTCIES - Large bankruptcies - the highest this year since 15 years ago. This is the third consecutive annual increase. LINK
-GUESS WHAT? Remember when White House Economic Advisor Kevin Hassett (on the short list for becoming next Fed Chair?) claimed that purchasing power for Americans had increased? In this video chat, he tacitly admits that said claim was false, because he says that purchasing power is poised to get better… Curious. LINK
-VEGAS - Revealing even WORSE economic data re tourism. LINK
-MORE TRUCKING PROBLEMS - Great Dane mid-month announced its intention to lay off 164 employees at its facility in Elysburg/Ralpho Township, Northumberland County, Pennsylvania (with an estimated $12 million in annual wages effected).
The company filed a WARN (Worker Adjustment and Retraining Notification) notice with the Pennsylvania Department of Labor & Industry around early December 2025.
-JOHN DEERE CUTS MORE AMERICAN JOBS LINK
-THE US, CANADA, in massive trouble. LINK While the Canadian govt early this month pledging more cash to Zelenskyyyy LINK
That’s it for tonight! Join us, m-f 6 PM, cool cats!
MANY, MANY thanks for supporting freedom, and for sharing the links! And remember, you can back us here by becoming a paid subscriber if you would like, and feel free to watch Liberty Conspiracy LIVE on Gardner’s X @gardgoldsmith and on Rumble! Spread the word! Thanks, again! Please feel free to SHARE the links, and join us every M-F at 6 PM on Rumble, and my X @gardgoldsmith — and you also can donate to help the Liberty Conspiracy, itself! Just visit PayPal to help out! You also can mail GG at:
Gardner Goldsmith
PO Box 581
Amherst, NH, 03031 :)
Subscribe now
Leave a comment