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Mike, We know the reasons for the
turndown, among the various are:
There are still “quotas”; You
looked at them “crosseyed”;
the lenders are still hanging on
to their cash,literally, so the loans offered (but not made) are
for publicity purposes, purely;
The folks we need are like dec’d
former stockholder, Bernard Baruch.From Bob Chapman’s International Forecaster, June 15, 2011.
HB 1388 PASSED!!!!!! [While America has 22.4% unemployment.]
You just spent $20,000,000 to move members/supporters of Hamas, a terrorist organization, to the United States; housing, food, transportation, the whole enchilada.
HB 1388 PASSED
Whether you are an Obama fan, or not, EVERYONE IN THE U.S. Needs to know…..
H.R. 1388 was passed, behind our backs. You may want to read about it…
It wasn’t mentioned on the news… Just went by on the ticker tape at the bottom of the CNN screen.Obama funds $20M in taxpayer dollars to immigrate Hamas Refugees to the USA. This is the news that did not, and will not, make the headlines.
By executive order, President Barack Obama has ordered the expenditure of $20.3 million in “migration assistance” to the Palestinian refugees and “conflict victims” in Gaza.
The “presidential determination” which allows hundreds of thousands of Palestinians with ties to Hamas to resettle in the United States, was signed and appears in the Federal Register.Few on Capitol Hill, or in the media, took note that the order provides a free ticket replete with housing, transportation and food allowances to individuals who have displayed their overwhelming support to the Islamic Resistance Movement (Hamas) in the parliamentary election of January 2006.
Now we learn that he is allowing thousands of Palestinian refugees to move to, and live in, the US at American taxpayer expense.
These important, and insightful, issues are being “lost” in the blinding bailouts and “stimulation” packages.Doubtful?
To verify this for yourself: www.thefederalregister.com/d.p/2009-02-04-E9-2488 http://www.thefederalregister.com/d.p/2009-02-04-E9-2488%3E
Shovel Ready was the initial cry when the government announced it planned to release billions of dollars to excite the economy. The Sixteen to One was shovel ready. If you remember, I was negotiating a bank loan guaranteed by the US Department of Agriculture. My expectations of success in getting the loan rose after each meeting with the bank and federal people. Oops, the September 2008 crash effectively stopped our paperwork. The USDA affirmed its commitment, but I could not find a bank or other lending agency to make the loan even though it would be 100% secured. One banker said the reason why banks can’t loan is because of federal banking enforcement. I gave up looking for a loan. Part of the federal government wanted to create jobs and part of the federal government was a job killer.
Shovel Ready is the cry again. Jobs are necessary to turn our country around towards prosperity and fun. Yes, fun! The Sixteen to One is shovel ready but with perks unlike most other shovel ready projects. Jobs will produce gold, which is new wealth. New wealth is how prosperity increases. Gold also creates confidence in others to look at California’s serious mineral wealth. Come on you rich guys, have a little fun you’re your money. Go hunt for gold.
Twenty-five years ago California had a thriving mining industry. The wealth brought from the earth sifted through many hands. This industry spends money. If anyone doubts gold’s affects of society and individuals, please read some history.
We have an at or near spot market
at $1,500/troy oz. There should
be hordes of new investors climbing over themselves to get on the bandwagon with new monies for stock at that “spot” level.
Who would ever think it would get to such a level?We need investors
hopefully with VISION!!I guess they don’t like to talk about the $11 billion that was stolen from taxpayers in Iraq. It is the biggest cash holdup in the country’s history. It’s an old story, just before everything folds the Treasury is looted by those in power.
Correction:
$6.6 billion in reconstruction funds earmarked for Iraq was stolen, not $11 billion as reported earlier.
It must be nice for someone taking in all that drug revenue.
U.S., Afghan Officials Discuss Extending Military Presence for Decades
The Guardian newspaper reports U.S. and Afghan officials are locked in secret talks about a deal which could result in U.S. troops, spies and air force power remaining in Afghanistan for decades to come—well beyond the scheduled 2014 withdrawal. The talks come at a time of growing opposition to the war from both Republican and Democratic lawmakers. The Afghan war is already the longest war in U.S. history.
From http://www.dmocracynow.com today:
With gold at $1500, you would think that there is, at least, one creative mind in Sacramento that’s not asleep who could envision the benefit to the State for supporting and bringing back the gold mining industry.
It looks like Quebec has a well thought out plan to increase jobs and its revenue in the years ahead:
Quebec Premier Charest In New York To Promote Plan Nord, Seek Investment
14 June 2011, 5:24 p.m.
By Terry Wooten
Of Kitco News
http://www.kitco.com/New York – (Kitco News) — Quebec Premier Jean Charest pitched his Plan Nord for a comprehensive development of the province’s northern lands to U.S. investors Tuesday, outlined its details before the Foreign Policy Association, and was given the organization’s Statesman Award.
Charest launched the 25-year plan on May 9 and that he envisions it will generate more than $80 billion in investments and create or consolidate 20,000 jobs a year in Northern Quebec. Charest was in New York Monday and Tuesday to meet with investors. He said he plans to go to Europe next week for meetings in several countries.A trip to Asia to pitch the project in China and other Far Eastern countries will be scheduled later.
The premier said investor reception in New York was “positive” and he attributed the reaction to the preparation of the 25-year plan.
Charest noted Plan Nord should generate $14 billion in revenue for the government and for Quebec society.
The Bam admin today went on record saying that they “didn’t know what shovel-ready” really meant in today’s terms when they went on record touted shovel-ready jobs as the instant fix to the man-made over-extension (D) in housing derivatives….
Huh???
Remember their targeted ‘stimulus money’ ….that 6-8 billion $$s….twice….to fix things with shovel-ready jobs…..
Make no mistake…they knew they were siphoning our money through a slush fund towards public-sector unions in the name of “Shovel Ready” jobs.
Well, I’ve read a lot. And I’m pretty smart.
This is a very good time for us all to look closely into their motives….their definition of getting the shovel ready, and especially if you’re from Chicago.
Shovels for what??? Oh, yeah, there is that.
As for real REAL ready jobs for the shovel….this small town in Alleghany has a few shovels ready to go to work, if only the regulators and the non-freedom crowd get’s their asses off of ours.
The greatest risk of all is having a middleman between you and your money.
Bob Chapman comments from yesterday:
The world’s biggest bond fund is flat US securities and is short Treasuries. Commercial entities endowments, nations and individuals worldwide, are buying gold and silver to protect their assets. These moves are moves of no confidence and we believe they are correct.
They are afraid they will not be able to access their assets. Will they be able to remove their funds from banks anytime they want? Banks change the rules at will. They do what they want. Recently in France its biggest bank cut cash withdrawals by 50%. That can be done in America as well. There are laws that allow such restrictions. Do not forget the bank has loaned out your deposit and then some. The average bank today has lent 40 times its deposit base. That is called fractional banking and the historical lending rate is 9 to 1. As you can see banks are way over extended. They function by deceiving the public and there may soon some time when you can only get part of your funds or perhaps none at all. In the case of bankruptcy or major bank bankruptcies the FDIC would have to request funds from the Congress and Treasury; funds they do not have. Their only alternative would be to print money, which would cause more inflation and dilution. Purchasing power would fall as would the dollar and inflation would rise further. That means you only keep three months operating expenses in the bank and do not own CDs. Banks today are very vulnerable, as are other thrift institutions. Many are already bankrupt and are being kept afloat by the Fed. Many are keeping two sets of books. If you were to do that you would go to jail. Remember, that when banks fail and the FDIC pays off it is you the taxpayer that is bailing out the depositor.From Jim Sinclair’s website, http://www.jsmineset.com:
“Joe America is largely unfazed, however. Sure, there are pockets of hurt, and there are many, many people who have re-evaluated their personal situations and have embraced individual austerity. Yet in the aggregate, we’re back on the credit card.
It is hard to discern at this point whether the uptick in borrowing is for essentials or discretionary goods. Based on the anecdotal evidence, it is likely both. People have been trained to borrow, make minimum payments, and to live as a servant to the creditor.
When you think about it, the ‘money’ that has been used to create this servitude has been created from nothing, yet must be repaid with something very real – the sweat of one’s brow. Hardly seems like a fair deal to me, yet we not only accept it, we demand it. Have we really spent any time thinking about these matters?
It is almost funny when I look at the latest opinion polls regarding the national debt. The vast majority of Americans think that Congress needs to put the country’s fiscal house in order, yet most of those same people refuse to do it in their own backyard.
Money is like oil on water, the bigger the pond, the thinner the film. It is nice to have big onions. The expression of Rick has merit
A congressman (D) recently explained all this: “QE2, and what’s more, QE3 is no doubt the next absolute and necessary answer to our debt crisis, since once QE3 is passed, it will no longer be a crisis.”
HUH???
No, not a direct quote, but paraphrased from the guy that actually had the onions to say that there isn’t a problem since the Fed can print money to cover our debt.
HUH???
Bluejay, The one thing we do learn from history is that we don’t learn from history.
Martin Armstrong’s linked story of What Destroyed Rome is a great history lesson. Are we destined to repeat history?
http://www.martinarmstrong.org/files/What%20Destroyed%20Rome%2005-18-2011.pdf
Let’s change the focus to a discussion of documented corruption, on a local level to begin with.
The Corruption Of Law Leads To Tyranny
by Paul Craig RobertsKINGSTON, NY, 29 April 2011 — Remember when Secretary of Defense Donald Rumsfeld told the world that Guantanamo Prison held “the most dangerous, best-trained, vicious killers on the face of the earth” and gave assurances that nevertheless “we’re treating these people as if the Geneva Convention applied?” http://www.defense.gov/news The files on each prisoner, leaked by a US government whistleblower to Wikileaks and now available to the world, prove beyond all doubt that Rumsfeld was lying as was President George W. Bush and Vice President Dick Cheney when they repeated the lies.
The successor Obama administration in Washington, after the release of 607 of the “most dangerous men on earth” for lack of any evidence that represented any kind of danger at all, many after being tortured and abused, now claims that the remaining 172 are too dangerous to release, despite the lack of any evidence that would allow the government to try them.
Since the US government admits it was wrong in 78 percent of the cases, how do we know that the government is right about the remaining 22 percent?
Astonishingly, the government is afraid to attempt to try more than 40 of the remaining prisoners even in its special kangaroo courts – Military Tribunals – set up specially for the purpose of trying people with secret, non-declared evidence. That leaves 132 to be held in prison for their lifetimes without any evidence ever being presented against them–not even show trial “evidence.” Even Joseph Stalin’s victims got a show trial.
The Guantanamo prisoners were a collection of the most unlikely “dangerous people in the world.” How dangerous is an 89-year old villager suffering from senile dementia or a 14-year old boy who had been kidnapped?
Many prisoners were not even suspected of being al Qaeda, Taliban, or anything other than a possible source of information. One British citizen was held for years simply because he had been captured and imprisoned by the Taliban, and the Americans thought he could tell them about Taliban interrogation techniques. A cameraman for the Arab News Service, Al Jazeera, was held in order to question him about the news service, which is based in Qatar, an American puppet state. Most of the prisoners were simply people kidnapped by warlords and sold to the gullible Americans for the bounty that the US paid for “terrorists.”
Obviously, President Bush’s assurance (September 6, 2006) that “we have in place a rigorous process to ensure those held at Guantanamo Bay belong at Guantanamo” was just another lie.
It turns out that the only evidence that the Americans had of “dangerous men” were the inventions conjured up by men under torture or by men producing “evidence” against others in exchange for their own release. Having violated all known laws in order to hold the prisoners, the US government was desperate to produce evidence that the prisoners were dangerous men.
Yemeni prisoner, Yasim Basardah, invented information against 135 of the Guantanamo prisoners. Abu Zubaydah, described by the Americans as the third-ranking leader of al Qaeda, turned out to be a lowly car pool driver, but nevertheless produced “evidence” against 100 other prisoners after being water-boarded 83 times. Even the prison camp commander realized that the “evidence” was bogus.
The sordid truth of Guantanamo is that the US government needed examples to justify the massive “terrorist threat” that it declared with alert set on orange, one step below red, as a permanent fixture of American life. Like Stalin, earlier, who needed examples of “enemies of the people,” the US government conducted “street sweeps,” which was the way the Soviet secret police produced “enemies of the people.” The Soviet police would just go out in the streets and arrest everyone there. The Americans took people out of Taliban prisons, university libraries, and paid bounties for kidnapped victims. These people became “the most dangerous men on earth.”
The lawlessness and brutality associated with Guantanamo were pointless. The US government destroyed the reputation of the United States and the rule of law for nothing. It is a terrible experience to have years of one’s life stolen and to be tortured into false confession, but the price that Americans will pay will be much higher.
The Obama regime has endorsed the Bush regime’s violation of the US Constitution. It has made indefinite detention in concentration camps an enduring American institution. Habeas corpus, due process, and the right to an attorney are now dead-letter legal rights for anyone accused with or without evidence of being a “suspect.”
The rule of law has been murdered. The routine abuse of citizens by unaccountable powers – such as air travelers forced by Transportation Safety Administration to submit to radioactive scans or endure intrusive gropes – is seeping into all aspects of American life. The latest manifestation is the practice of state police downloading all information from motorists’ cell phones when they are stopped for traffic violations. http://www.businessinsider.com
A government based on fear of terrorism, whose executive claims power not limited by the Constitution or Congress for the duration of an open-ended “war on terror,” will create a state of tyranny.
Only a highly aroused people who refuse to submit can escape the coming tyranny.
Everything gets more clear by the moment:
Gov Regulation is the enforcement branch for the true reason: funding government isn’t the reason for taxation.
Again: (as the Bam admin sees it, and for that matter the cronies on the other side of the seating arrangement)…
Taxation in that mind-set isn’t about funding the government, but rather, using taxation dollars to redistribute, and BUY VOTES.
Case study: “Gov’s ging me $$$, let me vote to make sure I still get some.”
Back to the top of this post: Regulation has become the enforcement branch. Gestapo Vote Buyers.
Here is an interesting GOLD story
right in the “16-1” back yard. I
believe I may have related same
before. My wife’s grgpa came from
France around the “horn” to Calif.
in around 1848-49, came to the
goldfields and at one time mined
Kanaka Creek somewhere below the
Sixteen. On an occasion of prying up a big rock discovered
a relatively large nugget which,
according to our narrative,
weighed approx. 20oz troy. Well
the gentleman expressed the
nugget’s description in french:
BIGRE!! Of course, he wrapped it
in his handkerchief and hid it.
The gentleman eventually mined
enough to leave and go to San
Francisco and get into the meat
business. He later sold out and
went to Sonoma Co. and went into
the Winery business.Due to my departure in mid-March for Mexico, I missed the release of Martin Armstrong from Federal prision being put there on trumped up charges.
Mr. Armstrong’s latest report entitled, “The Other Side Of Inflation” is linked below. Mr. Armstrong, as usual, tells us about history that almost all of our schools saw fit not to teach us.
Squeeze The People
It’s wondered, how can the blood sucking Water Board members sleep at night? The folks that commit moral crimes against their own will in the end be victims of their own consciences. The only survivors from the Water Board tyrants will be the sociopaths. People who have dealt with sociopaths know: what goes around, comes around.
The following comments were made by Bob Chapman in yesterday’s International Forecaster:
“If you want to understand better why so many states from New York to Wisconsin to California are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government. It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers.
Answer to entry below: yes, it is related. On April 30, 2011, the mine property will be sold for back taxes; however, it is unlikely a sale will happen; however again, the company is looking for an investor to provide the money to pay the taxes. In return the investor will receive a good interest rate as well as exceptional security for the loan. The sooner this delinquent debt is paid, the sooner another corporate concern will end. Please contact me if you have money resting in a bank or other “investment” earning pennies. We could use your trust in the mine, the company and the crew.
Remember the Liberty Dollar? Well, its founder, apparently, is headed for some jail time on trumped up charges. How could a supporter of hard currency supported by our Constitution be declared a domestic terrorist by Fed prosecutors? It’s easy, it’s now their game and we’re no longer part of it.
I was on the Sierra County website, and noticed that the property at 505 Miners St
Alleghany was going up for bid for back taxes. That is very close to the Sixteen to One Mine. Is it related?No CDAA seen yet…because it wasn’t a Home Depot (my apologies) but rather a Staples.
Seems that the Water Bored should be there, though.
Tragically, I just learned on the KFBK news that a man working for a lighting company at a Home Depot, at 6:30 this morning, was crushed to death in the mobile elevator bucket he was operating alone (before his partner arrived) when he got sandwiched between the bucket and the arch of the building where the light was located.
With true respect for his family, I am still compelled to ask:
When will the CDAA show up and bring manslaughter charges against the Home Depot manager and the owner of the light company??
Rick, I’m just glad you didn’t ask, “How many CDAA attorneys does it take to screw in a light bulb?”
The following is from Tony Baker a friend of the Company:
With the turmoil in the middle east and rising oil and gas prices, it’s time to reflect.
Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY ….. during the Carter Administration?
Anybody? Anything? No?
Didn’t think so!
Bottom line: We’ve spent several hundred billion dollars in support of an agency…the reason for which not one person who reads this can remember!
Ready?? It was very simple . . . and, at the time, everybody thought it very appropriate.
The Department of Energy was instituted on 8/04/1977 TO LESSEN OUR DEPENDENCE ON FOREIGN OIL.
AND, NOW, IT’S 2011 — 34 YEARS LATER — AND THE BUDGET FOR THIS “NECESSARY” DEPARTMENT IS AT $24 BILLION A YEAR. IT HAS 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES, AND LOOK AT THE JOB IT HAS DONE! THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, “WHAT WERE THEY THINKING?”
A little over 34 years ago, 30% of our oil consumption was imported. Today 70% of our oil consumption is foreign imports. The good old Federal bureaucracy!!
WE HAVE TURNED THE BANKING SYSTEM, THE AUTO INDUSTRY, and now OUR HEALTH CARE OVER TO THE SAME GOVERNMENT?
Hello!! Anybody Home?
Tony Baker, Bluejay:
Only thinkers are even aware of the progressive creep. Since we are thinkers, and of sound practical mind, remember this:
It is all predictable, and has been: search the “coffee-cup” campaigne in the 50’s to hear Ronaldus Magnus speak precisely to this issue, 50 years ago. It is creeping over the edge, and still, we will throw it back overboard.
I think the sleeping giant isn’t sleeping inside the belly. I’ve not given up. In fact, I’m fired up.
The Feds sue to overturn Arizona immigration law. Justice Department lawyers argued that the state statute should be declared invalid because it has improperly preempted federal law.
The Federal Government set up laws and regulations for mining, too. They were in place (with a few updates) for over one hundred years. They have set acceptable limits for arsenic in mine discharge waters. There are safety rules to protect the miners. However, the State of California has been listening to terrorists and fanatics who do not have our wellbeing at heart. They have decided that the federal regulations are not to their liking. With the federal regulations, at least you knew where you stood and could plan your operation accordingly.
Now, the State is in dire financial difficulty. Maybe, we should go back to a time when we were prosperous. Look at why we were prosperous and do what we can to be that way again. That doesn’t mean that we can’t learn from our mistakes and do it even better the second time.
The link below to the article “Tipping Point” by Martin Armstrong is dedicated to Rick so that he may continue his education as he continues his efforts to wake up the people.
It’s appropriate that Mr. Armstrong’s computer that held the data for the history of the world which could easily predict long term cycle trends was named Socrates.
Politicians are incapable of caring for their people once they get a taste of the power. What they fear the most comes from orators of the truth. Socrates was a tragic casualty of those fears while Martin Armstrong pays the price, as well, for challenging these so-called public servants.
http://www.martinarmstrong.org/files/Tipping%20Point%202-3-2011.pdf
Bluejay, this is precisely why fiscally minded state-houses were voted into office in November. It will be GRAND to watch.
There seems to be a disconnect of understanding between those who see unions as universal, vs. those of us who know the difference between public and private sector unions. (Debating validity of private sector unions is another story for another day.)
The vast difference is stark. Somehow my discussion friends can’t see this. Hmmmm…
I just had a heated (albeit, good) exchange with a friend who cannot, for the life of him, see the difference. It always comes back to the tiresome disconnect of “Oh, okay, so the little guy gets screwed while the rich get richer…”
Such a vast distinction between public vs. private sector existence, and yet, it remains elusive to them.
Years ago, the dreaded word ‘communist’ used to be a rally cry for those of us defending the US Constitution. Now it is the banner cry for people who can’t distinguish the difference between freedom, individuality and self-determination vs. public sector community organizing.
Great…and now we have a Community Organizer for a president.
Is anyone watching the trend????
A consulting firm founded by economist Nouriel Roubini said there could be close to $100 billions of municipal-bond defaults over the next five years as state and local government-debt problems damp the U.S. economic recovery.
That figure would by most estimates represent a significant increase over defaults in recent history, but it doesn’t appear to be as dire as a prediction last year by analyst Meredith WhitneySilver closed $33.38 UP $1.27
Silver is in the process of adjusting to its unknown true value as the price suppression scheme has ended with monstrous losses for those who sold silver short and continue to remain short.
There have been reports that the current total short position in silver is equivalent to one year’s world mine production. This could be right around 800 million ounces or so.
Top 20 Silver Producing Countries in 2009
(millions of ounces)1. Peru 123.9
2. Mexico 104.7
3. China 89.1
4. Australia 52.6
5. Bolivia 42.6
6. Russia 42.2
7. Chile 41.8
8. United States 39.8
9. Poland 39.2
10. Kazakhstan 21.7
11. Canada 19.6
12. Argentina 17.1
13. Turkey 14.0
14. Sweden 8.7
15. Morocco 8.3
16. Indonesia 7.7
17. India 7.3
18. Guatemala 4.2
19. Iran 3.5
20. South Africa 2.6Silver is in short supply. The Royal Canadian Mint is having difficulty acquiring the metal.
The California Highway Patrol has invaded our town today. Motorcycle patrolmen have descended upon townsfolk like hungry locust picking our pockets left and right.
“Squeeze the People” is in full-force here. The financial affairs of the State are suspected to be in much worse shape than the politicians are willing to admit.
Anyone holding State Municipal bonds needs to have their heads examined.
Our State has to be a complete disaster based upon what Marc Faber says. One of Faber’s comments that struck me was that the worst world-wide investment managers are the ones running the State pension funds. Faber says, they buy at the peak and have sold at the bottom.
In addition, the civil servants are sucking us dry with their excessive salaries and benfits which they refuse to scale down. Their answer has ALWAYS been: either take our money in taxes or take our property.
It’s called, “Squeeze The People.” Today, the governor from Wisconsin is trying to break-up the civil servant’s unions for their past salary and benefit pressures that are sinking his State.
Mr Faber says, “we are all doomed.”
Check out Mr. Faber’s comments:
http://www.youtube.com/watch?v=mHsVCE0-smE&feature=player_embedded
Any pension fund, especially public union employees’, have their funds invested in stocks, bonds and generally, Wall Street.
These people must be stupid, un-educated, certainly devoid of rational thought, and think the rest of us are dumber than they are.
The investments of all the writers for Rolling Stone should check their own reality and remember why a private sector rag is still in print.
We’ll have to continue to wonder why the NYTimes is…
Matt Taibbi has an article coming out in the Rolling Stone Magazine dated February 16, 2011 entitled: Why Isn’t Wall Street In Jail?
The following link is a preview of the article:
http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216?page=1
We should have a new section titled “SQUEEZE THE PEOPLE”
In Italy a few months back a government agency there, while checking bank records, discovered many accounts in the names of U.S. Politicians including separate ones for the president, his wife and for their children. Is there something wrong with our banking system that the general populace is unaware of?
Obama Administration calls for 5% royalty on gross proceeds of mines
The Obama Administration has called for a hardrock mining royalty and a new hardrock AML fee, along with other fees and tax increases for coal mining.
Author: Dorothy Kosich
Posted: Wednesday , 16 Feb 2011RENO, NV –
President Obama’s Fiscal Year 2012 proposed budget calls for charging a 5% royalty on the gross proceeds of hardrock minerals mined on public lands including silver, gold and copper.
The President is proposing a number of new royalties and fees on both hardrock and coal mining, along with reductions on oil and gas subsidies, which he says will save the country $3 billion over the next 10 years.
The Office of Management and Budget (OMB) said the President’s budget “provides a better return to taxpayers from mineral development.”
“A number of recent studies by the Government Accountability Office and DOI’s Inspector General have found that taxpayers could earn a better return through more rigorous oversight and policy changes, such as charging appropriate fees and reforming how royalties are set,” the OMB said.
The President’s budget would also establish a new Abandoned Mine Land fee on hardrock mining, “so that the hardrock mining industry is held responsible in the same manner as the coal mining industry.”
The agency also suggested the budget “mitigates the environmental impacts of mining by dedicating and prioritizing funds to clean up abandoned mines and by strengthening the regulation of active coal mining.” The fee would be based on the volume of material that a mining company displaces.
Senate Majority Leader Harry Reid of Nevada, a longtime advocate of Nevada’s gold mining industry, said, “I’m willing to consider any proposal for mining reform that protects the mining industry, doesn’t kill jobs and shares revenue with the state.”
“I will carefully study the president’s proposal to determine whether it meets these criteria and ensures that one of the pillars of the state’s economy can continue to create jobs and strengthen the economy,” he added.
While Reid’s efforts have been successful in the past in stopping the Congress’ effort to levy new fees and taxes on the hardrock mining industry, this time Republicans control the House, which may also help U.S. mining.
Meanwhile the President’s proposed budget for the Environmental Protection Agency stresses coordinating federal water policy with state and local government, Native American tribes, industry and agricultural sector to achieve goals.
Among those goals are coordinating the actions of the EPA, the Department of the Interior, and the Army Corps of Engineers “to better address impacts of surface coal mining on aquatic resources.”
However, House Republicans have proposed cutting the EPA budget by 16% below what President Obama has requested.
Recent post to agoracom.com, a general mining and resource exploration forum in Canada.
NY Times’ article concerning gold mines reopening in California
posted on Feb 12, 11 01:54PM Use the IP Check tool [?]
California is run by a pack of environmental sicko freaks. Anyone that has a question about that should access the website of the Original Sixteen to One Mine Inc. at http://www.origsix.com to read about their horror story in the forum section. The State once attempted to convict the company and its president and mine manager of manslaughter charges for an accidental death in the mine some years back. Prior to the unfortunate accident, the fed’s were in the mine days earlier and deemed their operation safe by their standards.
The California Central Water Board is as unfriendly to these folks as they could possibly be for issuing numerous citations lacking intelligent justification. One reason for writing the mine so many tickets could be that their salaries at the agency are solely dependent on fees derived from so-called infractions of their rules book. Anyway, the story is on their website in detail.
Some time in the future, the bureaucrats in Sacramento will get-it that rejuvenating the gold mining industry is in their best financial interests. Holding up the Idaho Maryland Mine from reopening for so many years does not speak well for increasing the State’s revenues, getting people back to work and thus pumping in some additional money to a continuously contracting State economy where the State’s unemployment numbers far exceed the nation’s average.
The State needs to get educated on what is possible if they are to escape bankruptcy with some help being extended to them by supporting their own mining industry. The solution is to talk to the government in Quebec, follow their receipt for success in assisting mining companies to grow and prosper which has resulted in keeping a lot of folks working who in turn keep those local economies vibrant. There is no better example of what is possible than seeing how Agnico Eagle grew to such a large international company by the support provided to them and other miners by the Quebec government in making available a friendly mining environment combined with appropriate and intelligent environmental safegards.
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