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Hot off the wire this morning from the International Forecaster.com:
You might ask why did all this happen in Tunisia and Egypt? It was a distraction pure and simple and an expensive one. The elitists behind the scenes are trying to find a way to deal with the eminent collapse of the municipal bond market as hundreds of municipalities choose bankruptcy. Newt Gingrich, neocon Bilderberger, wants to pass legislation to allow states to go bankrupt. That would allow the states to dispense with all or part of their pension and benefit obligations changing their financial obligations dramatically. The concept is horrible for people(“squeeze the people”) who worked all their lives for a pension.
The freshmen “Tea Party” representatives have just given the elitists a staggering blow; this group defeated the permanent passage of legislation to make the Patriot Act permanent. Obviously the elitist money machine was unsuccessful in buying them off. We at last see a glimmer of hope that the people’s voices will be heard. Washington may be changing, but we’ll have to see what the future brings.
The Fed continues to buy all the new Treasury bonds and others in circulation. This is a policy that cannot continue indefinitely because it will lead to hyperinflation. Europe has similar problems. The healthier countries have pledged $1 trillion to rescue the spend thrifts. There is a problem, as we sited last May, and that is that they are going to need $3 trillion plus to accomplish rescue – a sum that will bankrupt solvent European states and bring depression to the entire region. Yes, China and Japan have ridden to the rescue in an effort to dump Treasuries and buy the euro bonds of Greece, Portugal and Spain. This is an exercise in futility. Do the Chinese and Japanese intend on coming up with $2 trillion? We don’t think so, and if they did, by selling treasuries, the US dollar would collapse. Another short-term stopgap measure doomed to failure.
I see that the New York Times has a story on the reopening of California mines (http://www.nytimes.com/2011/02/11/us/11gold.html?_r=1&emc=eta1), but sadly no mention of the Sixteen to One.
….because, if they were serious, they would tell the real story of why a REAL gold-mine is being assaulted by illegal actions by politically appointed courst. Hmmm, let’s see….
Nope. It’s still the New York Times.
Here’s a headline that should be slapped onto the front page instead:
“Private Sector California Gold Mine Target Of Fraud.”
And now, a serious response. HURRAY for http://www.agoracom.com for posting and noting the absolute crap we’re enduring down here. The horror stories of unbridled railroading, illegal, spurious, slanderous, criminal attacks of the Original Sixteen to One Mine by EU-type un-elected scandocrats and just down-right insider juris-non-prudence by California’s politically-appointed spurious rulings spewed from so-called “courts” are now cited in an international journal.
Welcome aboard, new readers. Read all about it, pleae! And spread the word.
There is a world of injustice to explore here. I invite you to read all Forum entries, and become aquinted with the absolute CRAP this gem of a true mine has been enduring for at least a decade.
The most positive thing to derive from it all: this is the highest-grade mine in all of California, surviving amidst the onslaught. Highest-grade in not only gold, but in SPIRIT, and one that will NEVER submit to the crap cited above.
Welcome aboard. Read all about it. Smile! (Crap sinks to the bottom, as will those who keep trying to use politics and unfunded identities afloat by assaulting the private sector for their funding…truth wins every time is used.
My wonderment about articles like the recent NY Times gold story centers on the reporter. Then wonderment moves to the editor, publisher and finally the owners. With such inane reporting what is the rest of the paper’s usefulness or credibility? To research, write and publish about the great California Sierra Nevada gold belt and not expose the reader to mining in the Alleghany Mining District is silly to say the least and vacuous to tell the truth. Does a venerable newspaper such as the NY Times condone this quality of story telling?
With the Discovery Channel portraying gold miners and a gold operation on national TV as serious, it is no wonder that America is not interested in gold mining, production of America’s bountiful natural resources located in California. Today the Sixteen to One mine I proven to be one of the most reliable, precious and much needed industries in Earth. So, why are gold miners portrayed as greedy, buffoons or uncaring rapists on mother Earth?
How could any serious professional reporter or organization not uncover the Alleghany during discovery and due diligence? I am baffled.
Bluejay…that is the most amazing and important news to hit our country in 30 years. OMG, what will we do???????
The International Forecaster says that vegetable prices will be higher at the grocery stores due to a big freeze hitting Mexico.
Tomatoes up 200%
Green Bell Peppers up 30%
Colored Bell Peppers up 50%
Green, grey and yellow squash were the hardest hit.
If anyone is still wondering how genuine the political machine touting “Environmental Concerns” is, look no further than the rejection from both the entrenched machine in Washington of the Bam admisnistration’s lack of response to the Original Sixteen to One Mine president Mike Miller’s open letter to engage deregulation, to next, the entrenched political machine in Sacramento snipping the gut from a request to state-regulated-PG&E’s ability and therefore deliberate refusal to engage in independent energy development in our rural community in Sierra County.
WHY? (Read below to get caught up to speed.)
Allow me to bring the new reader up to speed in a short synopsis:
As recently as the first of this year, the Obama administration (BAM) decreed an alledged allegience to “De-regulation” in a spurious attempt to mask such a decree with a pseudo-face-of- concern to all entities affected.
HUH?? (Yes, but is was all crap rhetoric…)
So, in good spirit supporting the administration’s announcemnet, Mike Miller wrote a classic, heart-felt and truly genuine letter to the President (posted beloe for everyone to read) engaging such discourse, asking specifically for the current Administration to please engage with the Original Sixteen to One Mine in this endeavor by assigning an Emissary to the task, to work in the directive specifally addressed by the administration. Hopes were high. In the name of the administration following through on its promisary decree and actually to make headway against the ongoing oppresive regulation imposed by unnecessay regualation literally stifling jobs, specifically in a remote rural county in which jobs are essential to the small guy, the answer was…..
wait, there’s more….
SILENCE.
No response. Nada.
Likewise, an overture to CA state-regulated utilities in which Mike Miller on behalf of the Original Sixteen to One Mine to develop a pelton-wheel independent electric energy source, akin to the oft environmentally aware concerns of those who promote wind energy…were summarilly dismissed by PG&E due to the imposition of regulatory fees (ahem, excuse me which I choke)…and the net result is a blattant and predictable outcome:
No. Nope. Nada.
HOW OBVIOUS CAN IT BECOME?
Sacramento has ruined it for everyone
From Saturday’s International Forecaster:
In California, Governor Moonbeam Jerry Brown, wants to raise taxes like Illinois has, but those terrible Republicans are blocking him from doing so because any tax increases must be approved by the taxpayers. As you are aware Fed Chairman Bernanke has ruled out bailouts for state or local entities. In addition, elitist Newt Gingrich is pushing for legislation to allow states to go bankrupt. That means all or part of pensions and benefits will be wiped out. If such a bill looked like it was being passed, munis and state bonds would again collapse for fear of default or partial default.
“Yeah, taxpayers suck. All they ever do is get in the way of letting our government take care of us. Especially the rich…all they want to do is make us poor people poorer while they by more yachts and private jets and stuff. It’s a good thing that Obama and Jerry Brown are in there. At least they have their stash. Republicans suck.”
Thanks, Rick for the notice of the old topic. All entries are back in the right miscellaneous.
What the public knows very little of is clearly explained in a short 4 minute YouTube video concerning the screw job that the FDIC and the banks are giving everyone.
Go the http://www.jsmineset.com, scroll down about 40% and select the submitted video by CIGA Lorrick in Jim’s Mailbox.
When do you suspect that enough is enough?
The Water Board is like the SEC for its ineptness, go after the little fish and let the sharks swim away.
“Laws and restrictive regulations are imposed that are so convoluted and impossible to navigate that the little guys are strangled in endless red tape. But the bigs slip through specially designed loop-holes or are politically protected and left alone.”
Gerald Celente – The Trends Journal
Winter Issue – 2011“Screw the People”
Today, the Fed continues in ruining the value of our money like it has always done since its inception in 1913. The Fed is a private banking organization that has been gutting America’s wealth for nearly 100 years led by its largest shareholder, J.P. Morgan Chase.
One champion in the defense of the American people was Lewis T. Mcfadden. Learn more of what Mr. Mcfadden thought of the Fed in his speech to Congress in 1932:
A 100 ounce gold nugget found near Washington last year, south of our Plumbago Mine, is going up for auction in Sacramento in a few months.
http://www.aolnews.com/2011/01/05/100-ounce-gold-nugget-found-in-california-could-fetch-400-000/
Just discovered this website, http://www.coininflation.com which provides real time metal values of all U.S. Coins. Below are values some folks might be interested in:
Description Face Value Silver Value
1942-1945 Nickel * $0.05 $1.6440
1916-1945 Mercury Dime $0.10 $2.1137
1946-1964 Roosevelt Dime $0.10 $2.1137
1916-1930 Standing Liberty Quarter $0.25 $5.2843
1932-1964 Washington Quarter $0.25 $5.2843
1916-1947 Walking Liberty Half Dollar $0.50 $10.5687
1948-1963 Franklin Half Dollar $0.50 $10.5687
1964 Kennedy Half Dollar $0.50 $10.5687
1965-1970 Half Dollar (40% silver) $0.50 $4.3214
1878-1921 Morgan Dollar $1.00 $22.6002
1921-1935 Peace Dollar $1.00 $22.6002
1971-1976 Eisenhower Dollar (40% silver) ** $1.00 $9.2403
These are the cold hard facts that the managers of our current fiat system do not want you to be aware of.
The pennies that were minted from 1909 to 1982 which are 95% copper and 5% zinc are today worth 2.8 cents each. This difference might not seem much but $1000 worth of them is valued today at $2,807. Stephen Leeb some months back projected the copper price into the future to increase by 10 times. Today, copper is $4.25 a pound.
I have to agree. These Alaskans are real Wankers. I have worked with miners for over forty years and never met someone so stupid.
I have been intrigued by the new series on discovery channel called “Gold Rush”. While watching, I have noted that these TV personalities are that pursuing the dream of finding placer gold in Alaska are pretty much wreckless in their ways. My question is: how can they broadcast these idiots completely destroying this land, wrecklessly shooting local wildlife and aimlessly digging these huge holes with no active plan or assessments to locate pay dirt. Seems like Mr. Miller is consistently and repeatly abused by are “wonderful” state for things (water tests-Kanaka creek) that occur naturally yet these guys in Alaska have no rules. Hmm!
The biggest scam in government today is of regulation. This gives it the lever to outright steal from companies, not their buddy-buddy bankers and the connected industry giants, but mainly from the populace.
Government today represents a crime syndicate.
The following is the real news:
$2tn debt crisis threatens to bring down 100 US cities.
Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery.
Nor are European cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble
Elena Moya
guardian.co.uk, Monday 20 December 2010 17.58 GMTMore than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned.
Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.
“Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy,” Whitney told the CBS 60 Minutes programme on Sunday night.
“There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.”
New Jersey governor Chris Christie summarised the problem succinctly: “We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.”
More…
(The access to the full story can be obtained from http://www.jsmineset.com)
Got your gold?
Bluejay is spot-on. Please read his post below, as this is relative to that.
At the bottom, Bluejay shows us the elephant in the room, and is bold enough to say it. There is a blattant attempt to re-fund the broke California government’s economy (NOTE: not the economy in general, their BOOKS) by seizing private assets through state-sponsered corruption, harassment, politically motivated lawsuits and thug-pressure; and it is all being supported by a corrupt judicial system. THIS IS SERIOUS and no longer just speculation.
The Original Sixteen to One Mine is a convenient target, since the powers in the state government already know that a corrupt bench is in place, aka the previous CDAA crap.
They are forging ahead, figuring no-one will stop them. All my comments (on the Which-came-first topic) regarding the fact that suing this company will do nothing more than shut it down, is the direct evidence. Make them prove what they are charging the mine with is something they won’t do.
They know $millions won’t do crap to change anything in the watercourses up in the Allegany district. They also know that the mine has no money…so putting everything together, we can only arrive at one conclusion: THEY ARE BANKING ON A CORRUPT JUDICIAL OUTCOME.
One way of stopping them is to of course publically expose their motives…but best to put in place a motion in advance (in legal-ease there must be a term for it…lawyers please help out here) that will mandate that if a judgement is corruptly rendered in the A-hole’s favor, that they must adhere to the constraints they are insisting upon. Since they won’t be able to, they will have no grounds to procede.
In other words, prove the specious nature of their actions. Even the State of California can’t change geology.
The question for California is, how much longer can lawmakers keep kicking the can down the road until they have to face reality? There will become a day when the life will be choked out of their ability to continue borrowing to save their precious little jobs.
When debt can no longer be serviced the State will be on its way to imploding requiring massive layoffs foreseen in 2011, just to start. Did these overpaid incompetents along with their overzealous regulatory bodies stacked with their friends ever think that their absorbitant incomes and benefits from sucking the financial blood out of the companies and citizens of California would ever end?
Of course not! They just wanted the money party to go on forever. Well, now they’re going to get what they deserve while forcing citizens to pay along with them. These people are clearly the real terrorists and they should justifiably be looking over their shoulders when California is ultimately forced into bankruptcy with severe deflation and depression to follow.
The worst investment for a person to hold or imagine buying into is California Municipal bonds. If a person has a financial death wish, this is for you.
In the end, unservicable debt will be the match that lights the fire, BANKRUPTCY. A new system or a new currency, historically speaking, will require a gold backing to get started again. Is there any wonder that the State is licking their chops at the thought of stealing the gold assets from the shareholders of the Original Sixteen to One Mine, Inc.?
Their plan has been in effect for a while now. Attacking owners of gold assets in the State is part of it. Closing down the waterways to gold sluicing was another. This is on-going confiscation with stopping others from getting their hands on the gold with more for them later.
It seems that there’s someone with a little smarts behind the curtain in Sacramento that has figured this all out: Gold has to be in the final equation to pull California out of the cinders following its expected financial bust or even, Washington’s. Who knows, will things get so bad that States break away in groups and form their own regions or countries? If this happens, California’s in the ground gold becomes that more important for its future rebuilders.
Think it can’t happen? Think real hard again. Expanding debt has aleady passed the point of no return. The only real question that remains
is, when will the implosion take place and how SEVERE will it be.Got your gold?
Where are we headed?
Below are comments from Doug Casey and a few from Richard Russell on the second day of the Casey’s Gold and Resource Summit held in Carlsbad on October 3, 2010.
After talks by Bud Conrad and Eric Sprott, it was almost comic relief to hear Doug Casey speak on “Stupidity, Evil and the Decline of the U.S.”
Doug began by making a distinction between America, which came into being as a wonderful, liberating idea, and the United States, which is just another country – formerly known as the land of the free. But now there are regulations on everything. So much so that, as Doug puts it, “everything not obligatory is prohibited.”
To help make the point visually, and to the enormous delight of the attendees, Doug calmly extracted a cigarette from his pocket and lit up. In public! You can guess whether anyone dared tell him to put it out.
He boiled the serious side to his presentation down to this: Planet America is being circled by the twin moons of evil and stupidity and neither is conducive to healthy politics or economics.
The reasons for such a state of affairs are threefold, in Doug’s opinion:
1. We’ve lost our philosophical anchor. We no longer exhibit courage and initiative, nor are capable of producing more than we consume.
2. Concurrently, we’ve developed a reflexive belief in the power of government to solve all our problems.
3. Fear is the driving emotion among our middle class, which is shrinking, desperate to hang onto what it still has, and prey for any demagogue who comes along and speaks in the right kind of code.There is no quick fix for this.
But the market cares nothing for fixes, quick or otherwise. It imposes consequences on the actions people take. Party for decades like there’s no tomorrow and there will be a hangover when tomorrow finally comes, as it must.
Just ask another investment legend, Richard Russell, who also spoke today. Richard began publishing his top-ranked newsletter in 1958. Since then, he’s seen it all. And he described our collective tomorrow with a single word: austerity.
“Get used to it,” Richard advised. ”And if you want to survive it, get some gold.”
From the Drudge Report, government bonds take a big hit:
In addition, it is being circulated that some of our own States are in worse shape than some of weakest countries in the European Union. Is there any wonder that the incompetents who got us into this mess from Sacramento, acting behind the curtain, now have plans in the makes to steal money from some of the State’s financially strapped companies with assets?
Lower bond prices mean higher interest rates the next time the failing State’s have to come to the market for more funds, just to pay the interest due on their prior issued municipals. This merry-go-round of debt and more debt has to stop sometime. California is coming for your money. Is it any shock to you that 100,000 people a week leave the US for other countries?
It is a fact that 5% of the hundred million people that live in Mexico are Americans and Canadians.
The growing ranks of regulatory agencies in California are ruining the lives of fellow Californians. There should be an independent International tribunal organized to try the government in Sacramento for financial terrorist crimes against the law-abiding citizens of California.
http://www.ft.com/cms/s/0/e550f996-0304-11e0-bb1e-00144feabdc0.html#axzz17Zo3dNGI
Europe has a new emerging freedon fighter in the likes of Niguel Farage. We hope a similiar figure surfaces here in America. To learn of Nigel’s deep passionate convictions towards his fellowmen, his interview with Eric King from kingworldnews.com is linked below.
lishttp://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/12/1_MEP_Nigel_Farage.htmlten to the following interview of him by Eric King of
The systemic contagion has begun. Do you have your gold?
Hungary Follows Argentina in `Nightmare’ Pension-Fund Ultimatum
By Zoltan Simon – Nov 25, 2010 4:37 AM MT
Hungary is giving its citizens an ultimatum: move your private-pension fund assets to the state or lose your state pension.
Economy Minister Gyorgy Matolcsy announced the policy yesterday, escalating a government drive to bring 3 trillion forint ($14.6 billion) of privately managed pension assets under state control to reduce the budget deficit and public debt. Workers who opt against returning to the state system stand to lose 70 percent of their pension claim.
“This is effectively a nationalization of private pension funds,” David Nemeth, an economist at ING Groep NV in Budapest, said in a phone interview. “It’s the nightmare scenario.”
Every new law is a restriction of previous freedom, by definition. Read that again.
Why do new laws need to be passed, every effing day?????
What we are witnessing is a complete melt-down of our sovereinty…our ability to manage ourselves, our freedom to exist without the shackles from Gov’ment a-holes who wake up every morning with the sole purpose to regulate, design, propose, pass new laws every effing day.
STOP!!! We don’t need new laws, every day, every minute, every chance they can.
Has the definition of a Constitutional Representative been so denegrated to now be defined as “someone who can go to Washington and pass new laws?”
STOP PASSING LAWS!!!!!
Yesterday we woke up with yesterday’s laws. Why do we need new ones????
Yes, I know, we don’t. So let’s get those a-holes out of there, ASAP.
Can we hire Mr. Nigel Farage, British politician and leader of the UK Independence Party, to come over here and speak to our knot-heads in Congress?
seen some destruction
[url=http://undercabinettvsite.com/]under cabinet TV[/url]
As Tacitus pointed out in the second century, the more numerous the laws, the more corrupt the state.
Above the law? Not this one.
Jury convicts Tom DeLay in money laundering trial
AUSTIN, Texas – The heavy-handed style that made Tom DeLay one of the nation’s most powerful and feared members of Congress also proved to be his downfall Wednesday when a jury determined he went too far in trying to influence elections, convicting the former House majority leader on two felonies that could send him to prison for decades.
Capitalism, a system of credit and debt that produced 300 years of growth is now dying. The bankers’ debt-based money has created such levels of debt that not even 0% credit can no(any) longer induce growth. In the endgame, the problem is not the lack of credit — it’s the excessive amount of debt. – Darryl Schoon
…sooner or later, too much credit always turns into a giant debit as borrowers crumple under the burden of escalating payments ..Melchior Palyi, economist 1892-1970
The above quotes tell us everything, DEBT. The government facilitates the bankers and the elected officials use us as their power base. In the process we have our wealth detached from us and in the case of the latter, the detachment of our liberties.
Will the majority ever get it? That is the real question. A person can only do so much in a day to unvail these injustices, then go to sleep at night and try, again, tomorrow.
If a person seeks to re-educate himself or herself, I suggest making the two sites below your daily routine:
Bluejay, yes! Spot on exchange…but how do we awaken the sleeping public?
I’ve been struggling with this forever. All of us aware of the “silent” fog descending upon free-America are screaming from the mountain-top, and yet, the fog advances.
We’ve been swaping perspectives and visions from this base-of-virtue for a while now, and yet when I look around me and see the vacuity blank-looks on people’s faces with: “What? Isn’t his about Hope?”…I am astounded that they are consumed in the fog, and all I say is “Nope.”
We need to enact a strategy.
The lawmakers in Sacramento have financially destroyed the State.
From today’s International Forecaster, written by Bob Chapman:
Municipal bonds have plummeted in recent days, as investors have suddenly focused on huge state and city budget deficits that there’s no easy way to fix.
Nowhere has this collapse been more visible than California, which faces a massive $25 billion shortfall and red ink for as far as the eye can see.
After years in which every looming financial crisis has been met with a government bailout, you might think that the same solution awaits California, as well as all the other states that have huge obligations that they can’t afford to meet.
But this time that may not happen, says Chris Whalen, a financial industry analyst and Managing Director of Institutional Risk Analytics.
In fact, Whalen thinks that California will default on its debt–hammering all the pension funds and other investors who have loaded up on apparently safe state bonds.
The state won’t immediately default, Whalen says. It will start by issuing the same sort of IOUs that it issued to by itself time during its budget crisis last year. But, eventually, the debts will have to be restructured, and this will result in those who own California’s bonds receiving less than 100 cents on the dollar.
Why won’t California just get a bailout?
Because the Republicans now control Congress, Whalen says. And also because, if California gets bailed out, dozens of other states will immediately line up with their hands out. The public is fed up with bailouts, Whalen says–and eventually, the country will be forced to face up to its bad debts and write them off.
Of course, if Whalen is right, the country could have a major crisis on its hands. California is hardly the only state in trouble (click here to see the worst ones), and pension funds and other “safe” investments that Americans depend on will get hammered if states begin to default.
Fixing state and local obligations will also require the renegotiation of pensions and salaries that government workers have long since taken for granted. And they certainly won’t give those up without a fight.Check out a daily chart of California Municipal Bonds. This is the proof in the pudding that things are just not right, and its financial future is being seriously questioned by the market.
http://stockcharts.com/h-sc/ui?s=PCK&p=D&b=5&g=0&id=p78958660858&listNum=1&a=214327313
Here’s what I found online today: “The EB-5 visa for Immigrant Investors is a United States visa created by the Immigration Act of 1990. This visa provides a method of obtaining a green card for foreign nationals who invest money in the Unites States. To obtain the visa, individuals must invest at least $500,000 creating at least 10 jobs”.
I do know that in the past we had some individuals from Saudi Arabia who were interested in investing in the mine on this program, but it fell through. Perhaps we should look into a way of getting people to “sign up”. There is a large list of companies that already offer this, so I’m not sure how successful it would really be. Nor can I tell from what I saw on the North Bay website whether or not the Ruby Folks actually already have investors or whether they are just requesting investors at this time. Maybe I missed something. Anybody?Who or what is EB-5 and who can
explain the Ruby Gold project.
Looks to me like an “end around”
attempt to do the inevitable.What’s going on here? Can we get a piece of the pie, too???
North Bay Resources Inc. (PINKSHEETS: NBRI) (“North Bay” or the “Company”) is pleased to announce that Northern California Regional Center, LLC (“NCRC”), a USCIS-designated Regional Center under the federal EB-5 Program, has agreed to expand its scope to include mining projects in the counties of Sierra and Nevada in Northern California, and together with ACG Consulting, LLC (“ACG”), has agreed to sponsor North Bay’s application to obtain $7.5 million for North Bay’s Ruby Gold Project in Sierra County, California, through the EB-5 Program.
Seems unethical and un-equitable…so, and but, do we want to become beholden to the keepers of the public troughs?
The following is from the November 10th, 2010 International Forecaster written by Bob Chapman:
China and Russia Join Germany in Scolding(Bernanke’s QE-2); Obama Defends Move as Pro-Growth.
The G-20 summit that begins Wednesday night in Seoul is shaping up as a showdown between exporting powers, such as Germany and China, and nations such as the U.S. that are struggling to emerge from recession and high unemployment…
On Monday, China’s Vice Finance Minister Zhu Guangyao said the U.S. isn’t living up to its responsibility as an issuer of a global reserve currency…
QE-1 and QE-2 are smoke-screens, supposedly for jobs, but it’s the banks that are really getting the money for building up their reserves because the reserves they really carry on their balance sheets really stink. The banksters aren’t putting the money into the economy as few of them are making loans. The money gets funneled into trading markets for speculation, driving up commodity prices and costing us dearly at the supermarket.
I went into Safeway today to get some sugar and was shocked at the sugar prices and dismayed to discover that C & H Sugar had cut the size of their 5 pound bag to 4 pounds. It wasn’t more than 4 or 5 months ago that Dove Ice Cream cut their 4 bars in a box to just 3 bars in each.
Our currency is slowly being debased. If you don’t hold gold and silver for protection against this debasement then the supermarkets will be continuing in steadily requiring you to part with more and more of your money for the same thing.
I’ve seen enough. It’s time to purchase the Costco plastic boxes and duct tape for rice, dried beans and such plus, stocking your shelves with other staples that you require. We could well be at the very early stages of hyper inflation thanks to the banker’s influence over the Fed.
Bluejay, your post on 11-2-10 is the BEST of the BEST of all time! (below)
Nice to read prosaic words from a usually very direct, objective writer of things absolutely spot-on (pun-intended)….that one is the best! I’m going to make a point to read it over and over, print it out for a convenient chance to share, and re-read and read again. Cracks me up, how true it is.
Regarding your mention of meddling, interference, limitations and obstructions….Let’s all ask a simple question:
“Why do we need new laws tomorrow that we don’t have today?”
Stop passing laws! Enough already anymore, all right? We don’t need a tighter noose around our necks…in fact, let’s cut the noose and get rid of them.
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