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California starting to Squeeze its citizens.
We just returned from the CPA’s office after submitting our tax information for 2011.
The bottom line is we will be paying more of a percentage of our income to the State. The CPA said California is turning all the rocks in search for more money and their sights are on all of us.
Next year all properties in our area will be reassessed by the State and the result will be higher property taxes next tax period.
It’s not too difficult to imagine that the bartering process as a result of all of this will get kick-started into high gear.
SQUEEZE THE PEOPLE
In the paper this morning they are speaking of “Oil Fracking In State Gets Little review.”
In other sections of the country, The Rocky Mountain West and the Northeast toxic chemicals have been found in drinking water from oil fracking.
Lawmakers, seem little interested in requiring industry to disclose the chemicals they are putting in the ground that will taint water supplies.
Our environment and public health are being threatened while regulators look the other way.
It’s the same old story, grease my palm and we’ll stay out of your hair.
While China looks to the future with increasing renewable energy output, it could depend on 25% of their energy requirements from this source by 2020, we insist on investing in fossil fuels with no long term plan in place.
Isn’t it interesting that corporate boards are adding more public members to insure no hanky-panky goes on concerning shareholders while the boys in Sacramento do whatever suits them in protecting and expanding their incomes.
Recently it was announced by an exiting Goldman Sachs VP that certain employees refer to their clients as muppets. I would venture to guess that the folks in State government refer to us as their know-nothing-captives with a checkbook.
There is something that might be good for mining, but might stop mining again like President Roosevelt did. Should the United States consider gold as a Stratigic resource for defense then there is a very good possibility that federal funding would be forth comming for its extraction, but with sale to the Federal Government only. President Obama has just issued an Executive Order: http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness, this allows all natural resources critical to National Defense to be controlled by the government, to include the resource development needs.
The E.P.A. has inspected water resources back east and confirmed that the water was not contaminated form the fracking process as claimed by those who own the wells.
Water wells are not very deep, only about 200 ft. to 300 ft..
The gas and oil wellls are usually deeper than 4000 ft. seperated by impermiable hard rock strata.More from the International Forecaster:
California Tax Revenue Plunges by 22%.
Compared to last year, State tax collections for February shriveled by $1.2 billion or 22%. The deterioration is more than double the shocking $535 million reported decline for last month.
__________________________________________________
Did anyone really miss why all these regulations were put in place?
SQUEEZE THE PEOPLE
From this mornings International Forecaster:
We need to end the orgy of rule making in America (John Stossel)
“If you have 10,000 regulations,” Winston Churchill said, “you destroy all respect for law.” …But Churchill never imagined a government that would add 10,000 year after year. That’s what we have in America. We have 160,000 pages of rules from the feds alone. States and localities have probably doubled that. We have so many rules that legal specialists can’t keep up…
People are registering their displeasure with the rampent desire of state government to raise taxes, by changing their tax donation to the minimum required by law. To take the money away from those who are to enforce the multitude of regulations. This is how you stop abusive government policy.
so that is why most of the highway patrol are parked on the side of the road with their customers.
Increase your knowledge
Comments from a contributor at jsmineset.com.
Hi Jim,
This Bloomberg op-ed on California’s municipal financial woes supports your recent observation that the bankruptcy of Stockton will be the first of many more.
As one writer noted, “In nearly every [California] municipality, employee pensions are being prioritized over libraries, parks, street maintenance, health care and public safety.”
In spite of this, the chanel replica handbags unions are fighting pension reform tooth and nail.
California is a major disaster waiting to happen.
Respectfully,
CIGA Black Swanfrom jsmineset.com today:
Many of life’s failures are people who did not realize how close they were to success when they gave up.
–Thomas EdisonJim Sinclair’s Commentary
There will be many more to follow as many are sitting directly on the go/no go decision
Stockton to Take Steps Toward Bankruptcy, City Manager Says
February 24, 2012, 5:22 PM EST
By Alison Vekshin and Michael B. MaroisFeb. 24 (Bloomberg) — Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week because of burdensome employee costs, excessive debt and bookkeeping errors that misrepresented accounts, city officials said today.
The Stockton City Council will meet Feb. 28 to consider a type of mediation that allows creditors to participate, the first move toward a Chapter 9 bankruptcy filing under a new state law. The council will also weigh suspending some payments on long-term debt of about $702 million, according to a 2010 financial statement.
The draft proposals for dredgeing are out, close of public comment is a few days away, please go to western mining alliance’s website and check it out. Big Al
http://westernminingalliance.org/Josephine County, Oregon. Sheriff Gil Gilbertson has been researching the constitutionality of the actions of the federal government, his ten page document is well worth reading and passing on. http://politicalvelcraft.org/2011/12/16/breaking-oregon-sheriff-gil-gilbertson-continues-stand-against-federal-government-in-his-county/
California State Senator Noreen Evans from the 2nd District just got another reminder that she has failed, again, to address my concerns relating to the Central Water Board’s persecution of our family’s investment in the Original Sixteen to One Mine.
This is short and to the point in regards to keeping the faith:
My son was told, by a dealership mechanic, that a 2004 Civic Honda just left ahead of him after being serviced in Las Vegas with 1,200,000 miles on it. It has been used as a courier service between Las Vegas and and Los Angeles.
Of course, it has been run on synthetic oil, no sludge.
And then I started thinking about our State bureucrats and all the sludge they shovel our way. All we have to do for the Mine is get rid of the delutional muckrakers who are bleeding our resources and fouling up our operation. Politicians, at the most, produce nothing but their own waste.
Tombstone Austerity & The John Brown Moment
The MF Global scandal of stealing from the public is now approaching $1.6 billion. Where are our representatives? Who has the money? It seems to point in J.P Morgan’s and Jamie Diamond’s direction. In the midst of this disgracement failing of government, Mr. Jamie Diamond has the gull to say that the banking industry is “over-regulated.” Take Take Take…..Greed gone wild is why the world’s financial structure is “coming apart at the seams” as the politicians remain as complacent as usual.
Our politicians only have to look towards Greece in the up-coming March elections when they all get thrown out of office to grasp the simple fact that they are all expendable at the people’s will.
The following article by Martin Armstrong spells out the MF Global fiasco.
http://www.martinarmstrong.org/files/MF%20Global%20Continues/index.htm
Excellent commentary, Mike.
And still, it begs the parallel question: “Where is the Water Board?” since water is cited as an issue.
The inequitable application of “justice” once again shows its blattant head.
This story is citeable in the record…we should!
This story is fraught with questionable statements. The land owner appears as stupid as the phony gold miners on TV, who are working in Alaska. The unidentified authorities in El Dorado seem arrogant in saying this is one of the most blatantly illegal gold mining operations ever seen in California. Another unidentified authority believes the property yields up to three ounces per ton. This is a regulatory hype to gain something (don’t know what) and is a blatantly irresponsible statement for an authority to make. The unidentified nearby resident’s statement of finding “plenty of gold flakes and nuggets weighing up to an ounce” must be related to a point in time. Did this happen in the 1970’s when the modern gold rush began? I doubt that no one is finding plenty of nuggets today or when the landowner lost his mind and began mining. Yes, today even a gravel operation must conform to Surface Mining Reclamation Act regulations if the size of the operation meets the threshold. He screwed up.
I hate to see the press treat this as if Mr. Hardsty (owner) is a gold miner. The mining industry has an uphill battle for educating the public about the benefits of natural resource extraction and its effect on the environment. I would like to ask the chief investigator, who is quoted that “the amount of gold they can pull out of there is astronomical” if he would put his credentials behind those words. Wow, a miner could use his statement to support financing the project (security laws, etc.), provide some blue collar jobs, increase our GDP and create a positive cash flow for the El Dorado community.
Maybe the last line of the story is the meat and potatoes of this whole story. “All the people up here are paranoid about it.” Fear and ignorance continues to run rampant in AP stories like this. If the “people up here” knew about a serious gold mining or gravel classification project coming to their community or more subdivisions, home construction, shopping malls and other city type industries, they may choose to do what a few planners realize. A well-conceived and managed gold mine/gravel plant may be a superior choice to protect the quality of life of California.
My industry finds it difficult to attract AP reporters or other news or story writers to dig into the issues of natural extraction in California’s Sierra Nevada Mountain gold belt. These want-to-be sensational stories are the ones that reach the newspapers, tabloids or internet. Truth, like gold, lies at the bottom.
Here is one of the websites with the story.
http://www.newser.com/story/139397/californian-busted-for-lucrative-ilegal-gold-mine.htmlToday, listening to the news flagship in Sacramento, AM 1530, I caught a glimpse of a story headlined as “gold mine president shut down for opperating without a permit” and fined $990K….and by the time I got to the radio close enough to hear, the story was almost over….by then I wasn’t able to take notes.
No, it wasn’t us.
I didn’t take notes of who or where, but is was someone local on some local river branch…shut down and cited for “opportating an illegal gold mine.”
Did anyone else hear about this? Was it dredging? Was it a hard rock venture?
I’d love to hear the back story and investigation that led to it….Mike? Any clue?
The county Sheriff is the law and he must be supported to defend our rights.
Check out more to believe it can be done:
http://www.bobchapman.blogspot.com/
Check out the titled interview: “Ron Paul Will Get Nowhere at this point.”
The little guys are rallying, check out Western Mining Alliance
http://westernminingalliance.org/“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
~ Thomas Jefferson ~
Sunday, January 29, 2012
From King World News,
Gerald Celente speaks his mind:http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/29_Gerald_Celente.html
Sunday, January 29, 2012
From King World News,
Gerald Celente speaks his mind:http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/29_Gerald_Celente.html
January 27, 2012
TORONTO — The Honourable Joe Oliver, Minister of Natural Resources, spoke today to the Economic Club of Canada about the importance of Canada’s natural resource sectors to economic growth and stability. The Minister noted the importance of an efficient regulatory environment to Canada’s ability to attract investment.
An excerpt from that speech:
“The natural resource sectors underpin Canada’s economy. In 2010, the energy, mining and minerals processing, and forest sectors contributed $140 billion to Canada’s gross domestic product. These sectors employed over 760,000 Canadians in communities throughout Canada, including remote and Aboriginal communities. Last year, Ontario’s natural resource industries employed a total of 276,000 people”
Sacramento’s status quo mentality concerning the State’s untapped resources is as stupid as it gets.
“The recent incident with Senator Paul being detained by TSA guards who specialize in harassing 6 year old little girls, is just the tip of the iceberg. The American tourist Trade has suffered a loss of $600 billion and should exceed $1 trillion very soon – the entire cost of the Iraq War. So while our Backroom Bureaucratic Dictatorship cannot sleep at night unless a TSA guard looks under your bed at night, they are systematically destroying the economy and world trade. Those 19 guys and a camel accomplished more than taking down the World Trade Center – they discovered the real way to destroy Western economies – unleash the Backroom Bureaucratic Dictatorship and they will take down society faster than Superman.”
Martin Armstrong 1-25-12
re:
“Gold Still Attracking Investors Despite Recent Declines” – Sacramento Business Journal
STILL ATTRACTING INVESTORS???
Yes, still investing in gold, especially on declines, is the proven way to go.
First, Mike in the article gives us a great deal more smarts than the writer: you have to be careful with mining companies, especially with all the fraud in forcing them lower with naked short selling.
If you desire to be really educated go to and invest some of your precious time at:
1) bobchapman:blogspot.com
2) martinarmstrong.com
3) jsmineset.com
Basing your decisions upon the media is a “real loser.”
What the article doesn’t educate you on is, where the great percentages lie for your future security(or profits) versus your continuing loss of purchasing power along with the continuing debasement of our currency against gold. The story failed to acknowledge the biggest factor is gold’s continuing expected rise and that is China.
I see China currently in the market as buyers for about the next five weeks or so and then they will sell some lower to control its advancing too fast, all within their long term plan of accumulating it in a slow and methodical manner to where it represents 10% of their current official reserves. With available information, China has today in the excess of 1% of gold in their reserves.
Martin Armstrong states that gold closing above $1680.10 this Friday will be important if gold phases out of its current broad resting period and starts a new short term move higher within its continuing bull market or begins weakness.
While Armstrong remains slightly bearish over the short term, I believe the odds of the trend turning higher by passing $1680.10 and closing above it by Friday are slightly better than Martin currently feels based on his studies. I guess we’ll just have to wait for this pivotal weekly period to pass to see if gold goes into a new up phase or surrenders by continuing lower within its current resting period from the above $1900 highs.
World industrial demand for silver could reach a record 665.9 million ounces in 2015 versus 487.4 million in 2010, according to a Gold Fields Mineral Services (GFMS) study for The Silver Institute, released in early April(2011).
This is a grand Forum. Often stellar visionary entries are trumped to the next one to chime in…in this case, mine. Sorry about that…
MIKE!! (And please alert Scoop along the way)…. let’s consider a new Forum format to keep essential news and posts in a parallel area, so that your posts don’t get replaced by the next one to come along. We all want to comment, and it is difficult sometimes knowing that what should be on top of the Forum page disappears and gets replaced.
Regarding how best to keep our state parks going, check topic Empire Strikes Back for another view. One thing we all will agree…keep ’em open and in great condition.
Leaseing out State parks to private management is a good idea.
The federal government has been doing it for years.
As for the Pension funding only new employees of the state could recieve a new pension plan, as the existing pension system is locked into the present employee benifit plan by law, and they would always be grand fathered in for the benifits they have earned.THE DEBT BUBBLE
“The longer we postpone political-economic reform, the worse the problem is becoming. We are standing on the edge here about to commit suicide. We cannot hunt down everyone for taxes. That will reduce the VELOCITY of money and cause the hoarding of wealth instigating an economic implosion. We must STOP this insane policy of let’s just worry about today with no long-term planning. For unless we address this problem soon, there will be no tomorrow to worry about.
When Rome fell-the Romans were still laughing. As Sinatra’s hit song, Send in the Clowns so poignantly stated, don’t bother-they are already here. This is what the Sovereign Debt Crisis is all about.”
Martin Armstrong
The Water Board is no more than a paper pushing band of administrative goofballs. With our environment under attack by the oil and gas, these guys do little of anything productive but stick it to us to pay their salaries and support their pensions with no intact recognition of intelligence or fair play.
When Jason Burke explained the facts of life to them they just acted stupid and arrogant and got away with it. This is a common theme among the servants of the State of California. These servants at the Board are just environmental racketeers. If their heart and souls were really in protecting the environment they should all get a real job and donate their free time to cleaning up the real offenders, the oil and gas industry of the State. The following linked article clearly states what’s happening to our in-the-round water supplies.
Waste Water(From the oil and gas industry): America’s Hidden 60 Million Barrel A Day Industry
Rick knows what he’s talking about in the entry below.
The State’s servants, all of them, don’t have the guts to take a reduced eventual payout on their penions. Ever since the glory days of the go-go dot-coms when the servants all jacked up their pensions, no moves yet have been made for restructuring with the current economy.
THE SERVANTS ARE IN CHARGE WHILE ROME BURNS.
Just received today’s comments from a State Senator over the possible privatizing of our parks. Are these fools going to sell everything, possibly, even to foreign interests to protect their pensions? Jerry Brown took away their State cell phones and we’re still in a mess. Jerty needs to cut into the funding of those lucrative pensions. We hear about what Goldman Sachs did to Greece to cripple it but truth be told, California is in worse shape than Greece as we are just not told about it.
Dear Constituents,
The State has begun the process to privatize our parks!
The State Public Works Board and the California Department of Parks and Recreation want to solicit proposals from private organizations, including for–profits, to operate concessions (campgrounds, food services, etc.) at many of the state parks slated for closure. The proposal would allow for–profit and private organizations to operate concessions at eleven state parks–six in our district (Sugarloaf Ridge State Park, Russian Gulch State Park, Hendy Woods State Park, Westport Union Landing State Park, Austin Creek State Recreation Area and Standish–Hickey State Park) –with very low returns to the state. These agreements would undercut current negotiations with local non–profits to sign agreements to operate many of these parks – agreements that depend on the revenues that concessions would bring.
Not only does this proposal undermine local efforts to keep parks open, it’s questionable if low rents paid to the state will be sufficient to economically sustain our parks. I see these concession agreements as a major step toward privatization of our state parks.
There are two things you can do to stop this ill–conceived proposal:
1. Join me in speaking out against this plan at the State Public Works Board meeting at 10 am, Thursday, January 19 in Sacramento. The meeting will be held in the State Capitol building, Room 3191.
2. Answer this brief survey so that I can share your positions: Click Here for the Survey
Noreen Evans
California State Senator
Second Senatorial DistrictIf the Water Board were really after environmental results, ask the simple question: how would the water in Kanaka Creek change if their fraudulent attempts actually came to fruition?
The water wouldn’t change, can’t change, and never will change because the Water Board and all their cronies can’t play God well enough to actually affect anything. I’ve repeatedly pointed out, in fact pointed out in front of the California Regional Water Quality Control Board in person, that ambient levels as measured have been consistent long before the Original Sizteen to One Mine ever existed, upstream as well as downstream.
They know this, and refuse to admit it. It is criminal.
Imagine this: we’re paying (as tax-payers) for these A-holes.
New York banks have been stealing from investors but there are and have been champions of the people that are “hot on their heels.” Thank you Martin Armstrong and belatedly, Mark Pittman.
The failure of a prominent U.S. regulator beckons the question, WHY DO YOU ALLOW THIS?
http://www.martinarmstrong.org/files/Judge%20Rakoff/index.htm
http://www.martinarmstrong.org/files/Rakoff%20Part%20II/index.htm
http://www.martinarmstrong.org/files/Rakoff%20Part%20III/index.htm
Visit http://www.jsmineset.com and check out Jim Sinclair’s thoughts on who really owns your gold stocks,
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