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- in reply to: Gold Enters Major Bull Market #4264
The major gold bull is alive and well.
After hitting an all-time high today of about $1234 gold is currently taking a breather in after hour’s trading with a last of $1228.
Following a tentative fix to the Greek problem over the week-end, the bullion banks with aid from the Plunge Protection Team tried to pull the rug out from beneath gold before NY markets opened but it miserably failed, even after their foolish pre-opening sales were made all the way down to $1185.
The bullion banks are short and hurting. There is no sympathy here for them. These are the same people who are responsible for keeping pressure on its price and burdening gold mining companies that depend on a good price for their product to pay their bills. Currently, the major gold producers are working with a $200 plus profit margin due to high operating costs and for the smaller producers, they are lucky to show a modest profit at all.
The shorts in gold are hurting so much that they are squealing to other banks like Barclay’s and Societe General to talk it down by making crazy projections each for $800 an ounce by the end of the year. What desperate foolishness.
The banks in general are like spoiled little brats, always insisting on having it their way by resorting to crying out like little babies over spilled milk wanting someone else to always bail them out. It’s an old, pathetic and tiring story to endure.
Isn’t it enough for the banks to have the GAAP’s changed for their benefit and have their competition reduced where in this country now six banks control 60% of the action according to east Texas Mike from the KRLD radio show last Sunday night? Who knows the dollar amount that they got bailed out for with our money that was funneled through the IMF for the Greek bonds they were holding following the recent $1 trillion bailout. Enough is enough. The banksters are like the persistent squirrel at the bird feeder, taking what was not intended for them. Stealing is the first word that comes to mind.
Now, on to more positive thoughts from Martin Armstrong from his March 23, 2009 essay, Destroying Capital Formation – Economic Suicide:
(Concerning gold)
“The next technical barrier will be slightly above the current high(1040), forming at the 1100 to 1200 area. Once we begin to see gold above the 1200 level, then we should start to see the Phase Transition type move that will carry it upward to about $2500. It is still entirely possible for gold to even reach $5000. That is the extreme projection that would signal serious decline in Public Confidence in government as a whole. Reaching $2500 is a normal stage of market development.”
Mr Armstrong’s empirical analysis is straight and does not have an axe to grind like the cry babies do, he calls it the way he sees it.
in reply to: Gold Enters Major Bull Market #4260Last on gold is $1199.40 recovering from a $1185 low overnight in London.
On Thursday the DOW dropped more than 1000 points within 10 minutes. The media explained this an order entry mistake, nothing could be further from the truth.
The following link to a KRLD Dallas radio show late last night gives you the facts that will, more than likely, frighten you.
http://www.krld.com/topic/play_window.php?audioType=Episode&audioId=4640594
in reply to: Water and Arsenic: which came first? #4261Very important letter below, which needs to stay on top of this Forum page.
in reply to: Water and Arsenic: which came first? #4259California Regional Water Quality Control Board
Central Valley Region Sacramento, CAPlease process and take notice of the most recent water tests performed by Original Sixteen to One Mine, Inc, hereafter called (“the company”). A copy of the laboratory report is attached to this notice. Additional comments about the relevance of the water testing data are included.
The status of the company permit remains unclear. The company has performed what was asked by the water agency in submitting its application and paid the fee under protest. Is a permit in place or pending? If pending, what is holding its process? Other than fees are the requirement unchanged? The company ceased milling ore in 1998 thereby eliminating the use of water for processing ore. It has repeatedly written the agency annually informing the agency of the change in operation. The water agency continues to ignore the company’s request to modify testing requirements.
The company undertook the lab/ testing action in April once again to demonstrate that the effects of surface water seeping through its property has no deleterious effects on plants, animals, aquatic insects or people. This belief is substantiated according to the results by Basic Laboratory on April 27, 2010.
There were seven sample locations identified by numbers one through seven. The locations are:
1. Above the 21 Tunnel
2. Below the 21 Tunnel
3. At the 21 Tunnel
4. Happy Jack portal
5. Kanaka Creek at Hour House dam site
6. Above the 21 Tunnel
7. At the 21 TunnelPlease incorporate the following observations into your evaluation of the impact that the company’s properties have on water related concerns. The company demands a fair review by responsible parties in your agency with adjustments to settle the contentious lawsuit initiated against it.
1. Samples one and six came from the same distance above the 21 Tunnel. One was near the left bank of Kanaka Creek and six was near the center of Kanaka Creek. The results vary by almost 300%.
2. Sample three and seven were taken from the same location but about fifteen minutes apart. They vary by almost 2%.
3. Sample four is from a discharge about six hundred feet above Kanaka Creek. It is higher than the arbitrary limit, but the water agency ignores this discharge because Sierra County is responsible for leaking toxic substances onto the company property.
4. Sample five is about seven miles downstream from the company. It is below the arbitrary limit set by governments.
5. Sample two is about four hundred feet upstream from where Kanaka Creek exits the company’s property. It is below the arbitrary limit used by the water agency for enforcement.The results prove that there is no negative evidence to support a theory that surface water and arsenic passing over or under the company’s property is a nuisance, detrimental to the health and well being of anything alive or dead. Both above and below the 21 Tunnel arsenic is present below the arbitrary limit. The Hour House test site also has arsenic below the arbitrary limit. Once again the company asks your staff to reconsider its onerous position about alleged toxic discharges contaminating Kanaka Creek that are directly related to the company’s operation in Sierra County. There is no evidence to support this claim.
Testing for elemental arsenic has proven to be an inexact science. Measuring in parts per billion has proven to return different numbers from samples gathered at the same source. Also it is clear that Cranmer Engineering, the only local laboratory conducting water tests, was not a reliable lab. It no longer will process tests for arsenic that are demanded by government agents. Basic Laboratory appears to have a higher level of performance. Even though this may be true, results for the same water sample sites have varied.
A greater concern of the company is how laboratories prepare the water for analysis. Artificial chemicals are added to the samples that do not exist in Kanaka Creek or anywhere in the Sierra Nevada Mountain watershed. The laboratories inject caustic acids into the sample that dissolve non-harmful arsenic into potentially harmful arsenic. The whole method of testing for arsenic has no value for determining a natural element that occurs throughout the earth and its potential for concern.
The company awaits your reply.
Michael M. Miller, president
May 8, 2010in reply to: Gold Enters Major Bull Market #4257Last on gold is $1209.50.
It appears there is tinkering in place with all precious metal related items as recently gold bettered the $1200 level.
In the past two days silver and been beaten down with paper products on the Comex but that can only last for a short period as the primary trend is up and has many years to run. Today, potential silver buyers thought it through and concluded this is nothing but miscreant drama and elected to gather up cheap silver driving prices ahead over $1 at one point while hitting $18.70 from early morning lows of $17.50. That’s a pop of nearly 7%.
What is concerning is the amount of naked short selling that is humbling the gold and silver shares with higher metal prices. The clearing corp. for stocks is about the same as the accounting standards board: they rewrite the the rules to appease their handlers thus keeping the public in the dark concerning what is.
It’s a real saver’s tragedy that banks are permitteed to value their garbage derivative holdings at whatever price they choose and have them applied to their official reserves and somewhere along the way earnings and net worth get skewed big time. It’s a real tragedy.
It’s clear and simple aside from the misguided regulators: selling shares that are not owned or borrowed is simply, FRAUD. Why the SEC gives the right by doing nothing to the naked short sellers to increase a company’s outstanding issued amount of shares and hurt companies and their shareholders by this criminal activity currently brought to excess in preventing the shares from going higher and in many cases driving them lower, is beyond moral reason.
You can’t really say that employees at the SEC haven’t been taught better in their college days concerning morals and that crime doesn’t pay, or does it?
in reply to: Gold Enters Major Bull Market #4258Gold closed out the week at $1208.00.
Check out:
This is the real news.
California’s financial mess that we don’t hear or read much about is 4 times as grave as is Greece’s, Jim Sinclair at jsmineset.com reports.
The promised entitlements for the California teacher’s union is $540 billion in the hole.
Giant protests are due for Sacramento once the public gets fed up enough to take to the streets.
in reply to: Gold Enters Major Bull Market #4255Last on gold is $1207.70. It would be nice this time for it to stabilize above $1200, we’ll see.
I think what we’re witnessing here is that western central bankers have totally lost control of the gold price.
What tools they have left to keep confidence in these dying fiats is more BS for the press along with big naked selling of the gold stocks and now forcing silver lower. In the end they’ll be trapped with using these levers like they are with the current gold price.
Silver has been pressured lower in the past two days. If the miscreants can’t find anymore gold to sell with paper products expected to be called for delivery sooner than later, why not throw a bunch of non-backed silver paper contracts around in the silver pits? These people are becoming desperate and are now just frustrated want-to-be’s.
in reply to: Gold Enters Major Bull Market #4256Gold is drifting back after today’s run with a last of $1200.50.
The following is the link to an educational interview between Eric King and Jim Sinclair that took place just prior to the stock market’s close concerning gold, currencies and the stock market which, at one point today, was down 1000 points.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/6_Jim_Sinclair.html
in reply to: Risk Management Strategies #4254It is good to see in the News-Column that a portable, underground rock-screening device has delivered promising first results.
This is exactly the type of low-cost exploration activity that seems indispensable before money can be raised to start drilling and blasting again.
Manage and minimize exploration risk. Manage and minimize production risk. Good luck!
in reply to: Gold Enters Major Bull Market #4253Gold was temporarily weak this morning trading below $1160 until buyers came rushing in taking out offerings left and right. The last on gold is $1175.10
The linked article below was written by Greg Hunter explaining what’s happening to your currency.
in reply to: Clips from Alleghany #4252Congrats to Rae “Ma” Bell on her
recovery. I hope the old bones
are still in good shape, all things considered.in reply to: Gold Enters Major Bull Market #4251Gold after swinging between $1193 and then down to $1166 is attempting to stablize itslf in the $1170 area.
Gold has been working on a bottom over the last 5 months and just recently pushed above key resistance at the $1160 level. The result was additional negative responses adding to the ones that started up about three weeks ago from the peanut gallery like, gold is going to $800.
It would not be a surprise to see gold taken down below $1160, temporarily, in an attempt to negate this recent positive chart event. So be prepared, just in case.
It’s amazing how the paper shuffling at the Comex effects physical gold priceswhen there is basically no physical metal behind these products. The cartel sellers would be better off trading coupons at Safeway for the risk they face these days. The idea these paper products represent gold that is just not available is a ticking time bomb that will eventually and completely destroy the miscreants in the end, once and for all.
Maybe then, our company can receive a more realistic value from our gold sales and be better prepared to deal with our future without having to go around hat in hand always looking for funds.
The following is an excellent article by Darryl Schoon an historian and one who clearly sees the handwriting on the wall as it relates to our future.
in reply to: Miscellaneous #4250The fiat money bosses are getting really concerned lately as more and more people are putting their savings into gold and silver and dumping the fiats. What to do? As the politicians and their string pullers think it over. One new angle is to tax the producing companies and break the confidence of their shareholders who are hedging their exposure to paper money with share ownership. Another unspoken one could possibly be the encouragement of a few select banks to naked short all the mining shares.
And now the article below that makes a fruitcake-case for why gold will have to return to $800 an ounce.
Gentlemen: We are in a major bull market in gold. warning: Fight with it as you may, this big daddy of a bull will not be taking hostages.
From Jon Nadler’s(the perennial gold bear) recent commmentary at Kitco.com:
Speaking of price corrections, at least possible future ones, Michael Crook, VP & Strategist at Barclays Wealth (the UK’s largest money manager with nearly a quarter-trillion in assets under management) made a stunning (for some) prediction on TheStreet.com that aired yesterday. Warning: not for the squeamish.
Mr. Crook argued that once the current crisis is over and gold starts to reflect its ‘fair, adjusted for monetary policy (post liquidity extraction) price.’ That price is about $800 per ounce in Mr. Crooks’ opinion. Yes, not the $7,000 per ounce price TheStreet.com was offered last week by one of its rip-roaringly perma-bullish guests. Mr. Crook is thus shorting the GLD. Period. Buying Jan. 2012 puts, to be precise. He also sees platinum and palladium (bullion and ETFs) as the ‘winners for the next decade.’
in reply to: Miscellaneous #4249If you have it, they will tax it(or attempt to steal it).
Mine our resources? Then pay the taxman
Australia to impose 40% tax on resource companies’ profits
by BLOOMBERG
05:55 AM May 03, 2010CANBERRA – Australia will impose a 40-per-cent tax on the profits of resource companies like BHP Billiton and the Rio Tinto Group to pay for infrastructure, retirement and company levy changes, as part of the broadest overhaul of its tax system since World War II.
The government, responding to Treasury Secretary Ken Henry’s 10-year tax plan, said the resource tax would start in 2012 and raise A$12 billion ($15.2 billion) in its first two years.
The move is to better tap the nation’s mining boom fuelled by commodities demand from China and India, and comes as Prime Minister Kevin Rudd prepares for an election later this year.
“This will use super profits on resources owned by all Australians,” Mr Rudd told reporters, saying he was prepared for a backlash. “This will help convert Australia’s strong economic position today into enduring prosperity.”
The changes set up a potential clash between Mr Rudd and resources companies that make up 9 per cent of the economy and which last week warned that a 40-per-cent levy and double taxation with state royalties would threaten some US$108 billion ($148 billion) worth of planned investment.
“If implemented, these proposals seriously threaten Australia’s competitiveness, jeopardise future investments and will adversely impact the future wealth and standard of living of all Australians,” BHP’s chief executive officer Marius Kloppers said yesterday. The company’s effective tax rate will increase to 57 per cent from 2013, from 43 per cent now on its Australian earnings, it said.
BHP – the world’s biggest mining company with 51 per cent of its assets in Australia – will have earnings cut by 19 per cent as a result of the tax, Merrill Lynch said in an April 27 report. Rio Tinto, the world’s second-largest iron ore exporter, which has about one-third of its assets in Australia, would see a 30-per-cent earnings cut.
The government said it will compensate companies for the state royalties they have paid. But the critics were vocal.
The government runs the risk of “taking away from Australia the strongest industry we have and the one that saved us from the global financial crisis”, said Mr Keith De Lacy, chairman of Brisbane-based Macarthur Coal, the world’s largest producer of pulverised coal.
Mr Rudd’s Labour government commissioned the tax review two years ago to create a simpler and fairer system to meet the needs of a growing and ageing population.
The government will use the resource tax revenue to create an A$5.6-billion infrastructure fund, cut company taxes to 28 per cent in mid-2014 from the current 30 per cent, and boost retirement funds, now worth A$1.3 trillion.
in reply to: Miscellaneous #4248From the AAA’s Travelers’s Companion, via – May + June 2010:
“But for all the gold in safes and jeweley shops and Fort Knox, plenty is still in the ground. The U.S. Geological Survey estimates that 33,000 metric tons–nearly 1.2 billion ounces–awaits discovery in the United States, mainly in the west.”
From the article, Eureka! Gold In The West. Author: Chris Woolston
in reply to: Miscellaneous #4244Listening to congress on C-span, they had the Commodities exchange type S.E.C. in for an inter view in front of the Senate. There will be a contract exchange clearing house set up to monitor the Derivative Market contracts. To provide full disclosure for review of contract exchange, and underlining value of the product. This market will not allow General banks to participate only market Banks.
in reply to: Miscellaneous #4245Dave, it sounds like help is on the way, or is it?
The current outstanding OTC derivatives have the potential to completely burn down our financial house, many times over. Currently, there are enough of these garbage type contracts, if ever to be settled, that represent per person $190,000 each on the planet, or for a total $1,144 trillion as of December, 2007. The real scary news is that financial entities just keep increasing that size.
http://www.globalresearch.ca/index.php?context=va&aid=12753
These derivatives are basically insurance vehicles with no collateral behind them but many contracts are just used as betting devices, no different than the wagering that took place in the bucket shops during Jesse Livermore’s days.
Chris Dodd has sponsored a new financial regulations bill in the Senate, debate is continuing. Isn’t Chris Dodd the same guy that took financial favors from lending institutions without disclosing it? Remember Phil Gramm? He was also a supposedly, “do gooder.”
What Gramm was instrumental in accomplishing, along with two other sponsors, was the passage of the Gramm-Leach-Bliley Bill in 1999 that gathered support from Clinton, Rubin, Greenspan and a cast of other “do gooders” in the murdering of the Glass Steagal Act that was originally set up to contain banker’s greed and protect the people from that excess. The bankers tactical lust for more and more money was always with the same approach: Get them over-leveraged and then drop the boom. The end result was always the same, pain for Americans. Citizens got so incensed that they actually dragged bankers out of their offices in NYC following the panic of 1907 and hung many of them until federal troops arrived.
Is Chris Dodd another “do gooder?”
Derivatives are a complicated subject, few understand them. You just have to have Jay Leno interview passer-by’s on Hollywood Blvd. to prove this point.
I’m not too sure what you’re speaking of when you say, general banks and market banks. How would this effect, as a few examples, Goldman Sachs and J.P. Morgan, they drive on both sides of the street(investment and commercial banks) in financial circles as a result of the Gramm-Leach-Bliley Act?
I certainly hope there is an ever lasting fix for all the trouble these banking institutions have caused us all. But let’s get real, this sector is always handing out money to the so-called last resort regulators in Congress and Senate. The question is following this media circus to pacify the furious people of this land: Will we still be used as a conduit from someone else’s wealth into the coffers of the bankers, meaning the likes of Goldman Sachs and J.P. Morgan?
We all require leadership and someone to fall back on during trying times as we interact domestically and internationally with other countries and people. So far, our leaders have let us down as well as our representatives in governement.
Will they fix the gigantic derivatives mess? Their poor track record of failing to insure our well being(Social Security??) on a regular basis in the past strongly suggests otherwise.
in reply to: Miscellaneous #4243Some comments from Jim Sinclair at jsmineset.com tonight concerning our over-paid and incompetent representatives in Washington(not to forget our own):
“I actually heard a major personality in the legislative say that the old derivatives could be fixed by new legislation. That it total world class crap. These guys making laws do not have a clue what they are doing. No standards means there cannot be a fix. An OTC derivative that is listed is no longer and OTC derivative, it is a listed derivative. What these guys do not know could fill a massive void of space.”
in reply to: Gold Enters Major Bull Market #4242Gold is warming up in after hours trading with a last of $1173.70.
For the past two weeks or so gold has been closely watched, witnessing the attacks on it by the cartel and also the bullish understone in it showing the miscreants being repeatedly slapped in the face with good daily run-ups following periods of crooked engineered weakness.
What’s changed? In recent testimony submitted to the CFTC in hearings it was stated by reputable market participants that the gold and silver markets are PHONY with accompanying proof. Of course, this did not get reported in the media. Sounds like the news blackout on the protests on Wall Street when the big banks got all of our free Tarp money.
The key here is that it was reported that there are paper products outstanding for 100 times more physical gold that is available. Silver has also been rigged not to go higher with the same products. J.P. Morgan shame on you.
It is being predicted here that the jig is up. The gold and silver train is in the process of leaving the station, All Aboard! Your ticket for the ride is owning physical gold and silver or gold and silver companies with the metal in the ground.
Make no mistake about this, THIS IS THE REAL THING.
in reply to: Technology #4240Please go to the NEWS section of this site for a news release about our latest activities with Ground Penetrating Radar. Andrew Yeiser, who is a director candidate for the upcoming year, is leading the project. Shareholders will vote for directors at the June 26, 2010 annual meeting in Alleghany.
in reply to: Miscellaneous #4239Gold is the only answer. Maverick, aka Don Jones P.S. We both love Rae so we can’t be all bad. “Those who cannot remember the past are condemned to repeat it”
in reply to: Miscellaneous #4238Hey Rick, I’m not arguing with you experts – after 86 years of experiencing history, including the Great Depression, 3 1/2 years in a Real war and several times around some bumpy blocks(even a little gold mining), I finally realize that I can’t solve any International problems and, in fact, not even my own! At this point I don’t give a damn if the greedy people inhabiting this little blob in space file for bankruptcy, (as the scenerio unfolds) – this will just be another little blip in history as far as I am concerned.
in reply to: Gold Enters Major Bull Market #4237Last on gold is $1168.90. As more and more countries and economic blocs bail out sovereign debt failures, the higher and higher gold will go.
The most important reason for buying gold is a vote against the government and a vote for your future.
It was heard the other day that following a poll it found that 85% of those polled expected a decline in the gold price. Standing alone as a contrarian, this is a buy signal. The time to sell a little is when the opposite is true.
Don’t know if anyone heard this one but the bankruptcy filings were up 46% in California for 2009 and the current unemploment in the State stands at 24%. This whole thing is coming to a head. Are you prepared for the fallout?
The fallout will equate to a much lower dollar and a much higher gold price along with the State coming to us to remedy their brazen ignorant and selfish failures with stipulations under law(more stealing) with legal requests(orders) for a bigger share of our family’s net worth. Had enough yet?
Where would the State Water Board employees get a job if their division were eliminated? Vote the government bums out that condone the rape of corporate California and the families that rely upon it for work.
in reply to: Miscellaneous #4236More gold uncovered at the past producing Haile Gold Mine in South Caroline located within the Carolina Slate Belt of southeastern, U.S. The Carolina Slate Belt runs from Virginia to Alabama.
A company by the name of Romarco Minerals has been drilling the property for about the last 18 months with previous finds less spectacular than their currently reported “best ever” of 11.9 G/T gold across 60.7 meters. Romarco says they have 2.2 million ounces of gold as they continue to proof up more with further drilling.
Even here in California New Gold, operating close to the Mexican border, is proving up more gold in their newly acquired Mesquite Mine plus increasing gold production. Expect California’s gold production to start increasing again with Mesquite’s contribution.
The Mesquite Mine is currently an open-pit low grade operation. One wonders what hurdles New Gold had to jump over to get their permits? California is an intermationally known anti-mining state. The well known 29 year experienced Mickey Fulp, mercenary geologist, has stated on different occassions that California is anti-mining and should be avoided by investors.
The South Carolina gold rush started soon after a farmer brought in a large gold nugget for sale to a jeweler in 1802 from a stream on his farm that his son had found around 1795. For the preceding years the dirty nugget had been used as a door stop.
South Carolina’s gold rush was America’s first, reaching a fever pitch in the 1820’s through the 1830’s.
I continue to write my State representatives accusing the Water Board of evoking their powers out of self-interest to insure that funds are available for their payroll checks from demands for that money from corporate California via their improperly and shamefully imposed assessments.
in reply to: Miscellaneous #4235Dave, there is a vast difference between racial-profiling and national-profiling.
I do have mixed feelings about it, to some degree. Apparently there is some question about ‘probable cause’ being part of the equation. I definitely DO NOT endorse random profiling.
Dave…what then, should we do?
It is rather telling when federal over-regulation rams its authority into business, and then completely ignores its obligation to secure our borders (and boarders.)
The congrats that I wrote to the people of Arizona was not to endorse incarceration and deportation (or anything of the kind seen in Germany)of an ethnic group. It was meant to show the contrast between states rights and federal apathy in security, while federal over-regulation never
goes away.Also to point out that the lack of border enforcement by the current administration is, by design, an attempt to add voters to its cause which will manifest itself when ‘immigration-reform’ results in more recipients of social-program dollars, more dependency and the inevitable cycle.
This directly will affect all of us, including the Mine, when, when power in Washington reaches into our pockets and regulates and fines private enterprise out of existence.
in reply to: Miscellaneous #4234I disagree with you Rick, I like other opinions of yours, but I think Arizona has gone to far in this racial profiling policy. It is akin to a police state similar to Nazi Germany during the Second World War, as they used such policy to challenge there Jewish Population.
in reply to: Miscellaneous #4232Last on gold is $1154.10 as the $1160 area has attracted paper gold sellers on the Comex, some call it the Crimex. These guys are round- numbered-sellers, so it’s better for buying coins when prices are reacting from these number plus zero areas rather than when they are approaching.
The SEC and the CFTC are inept organizations. It’s a shame for there are some respectable people in employment there but they will always be subject to their handler’s orders just to feed their families.
The government’s blank check policy concerning national security is being used against Americans to steal their wealth and so-called freedoms in supporting a faltering fiat currency system. A current example is the CFTC ignoring testimony at recent hearings concerning proof of the manipulation in the gold market presented by Bill Murphy of Gata(available by searching youtube). This government sponsored suppression scheme has cost our company dearly.
Restraining gold as much as is possible keeps some attention off the debt ridden greenback. Watching youtube broadcasts of the recent hearings clearly demonstrates what clowns some of these CFTC representatives really are. Can’t imagine the stuffed shirts in Sacramento being much different.
The SEC isn’t any better, wanting more power for more regulation thus creating more disfunction in the economy. Regulations have their place in society but over regulation just fouls things up Big Time which the government has proven to be the case over and over again. Martin Armstrong said it all in his last article at http://www.martinarmstrong.org.
It was shocking to learn that senior SEC staffers were watching hours of porn on their computers while our financial system was melting away in 2008. Maybe they watch it all the time, as it took them up to 10 years to prove their simple case against Bernard Madoff.
Most government employees are utter disgraces to the memories, mentioning just a few of them, of the men and women who sacrified their lives defending our freedoms on Iwo Jima, Midway and Bataan.
THe SEC and porn:
in reply to: Miscellaneous #4233Congratulations to the People of Arizona for taking stock of the duty our Federal “government” has seen fit to ignore.
New focus in Washington….Deflect the argument: focus on immigration, out of the blue. RUN TO THE NEWEST CRISIS POTENTIAL!!!
This is what they are doing in Washington to eventuate the enrollment of new voters. Gotta buy new votes, right? Bring in the color / race card.
(Sorry, I don’t disagree with anyone’s color, the president’s included, instead I disagree with the policy statements issued by the ‘president’ that suggest questions of citizen illegality, the sovereignity of our borders, are somehow ‘mis-guided.’
Huhhh????
This directly relates to our Mine…because the same forces buying votes from potential voters are the same forces are attempting to derive their funding and sob-story-base via thug hold-em-up theft in the name of…wait, Mav, keep reading….
REGULATION.
in reply to: Miscellaneous #4231Peter Schiff spoke intelligently yesterday concerning rules and regulations and the proposed new ones that Congress seems intent on signing into law. The link to yesterday’s inverview is at the bottom of the page.
As a side note, the Water Board is destructive to private investment and produces absolutely NOTHING but trouble. How can an economy grow with these fellas orchestrating fines and penalties as they continue to annihilate our hopes of partially returning back to a healthy economy supported by full employment at the mine?
These guys should have a little self-respect for themselves and learn a trade so they can produce something real for the economy other than leaching off of it.
These imbeciles are nothing less than public servant thugs. Their pursuit of the status quo in the State Legislature in mandating these attack vampires along with the private sector source of their income from imposed fines and penalties is casting a dark shadow on this body concerning their responsibilities in keeping the State economy healthy as opposed to vandalizing it and shrinking their very own revenues in the process. It is beyond me how these representatives can care more about their own skins and not the people that they were elected to protect. Rick is right, this out of control environmental obssession is just a grab for more power to satisfy their sociopathic hungers. It will never stop until a new crew comes aboard, considering the State doesn’t sink before that time.
No one cares more about environmental safeguards than employees of our company and its loyal shareholders. We absolutely don’t need these carpetbaggers rearranging Sierra Country’s economy for the worst while gold is at $1157.50 and on the move again.
A higher gold price will help the County’s economy tremendously. It would have been better if working in the steams wasn’t outlawed by the fools which summons the question: Why is the State meddling so much in the affairs of a tiny County by California standards which may have less than 4,000 people living in it?The Water Board’s grasp to tax businesses to support their mortgages while producing nothing but trouble is plain and simply, tyranny. Vote every loafer out of California government when its your turn.
http://www.ronpaulforums.com/showthread.php?s=1f0374397ef951fbebbbcbe5ed92f5ce&p=2660982#post2660982
in reply to: Miscellaneous #4230I also agree with Rick.
in reply to: Miscellaneous #4229Mav, by 2016 our number one standing will be given up to China, period. Already an exodus has begun led by graduating PHD’s according to Gerald Celente. Even foreigners who migrated here for economic opportunities are returning home. Our years of economic dominance will end in six years according to Mr. Armstrong.
Rick speaks of history, he has it right.
Our dislocated economy would have a chance according to Martin Armstrong if it were not for the SEC and Congress. Even Obama who speaks with such spirit and conviction is off track. The following is a paragraph from Mr. Armstrong’s latest commentary, http://www.martinarmstrong.org/files/The-Paradox-of-Solution-4-18-10.pdf
“It is one of the strangest paradox event of all time when the solution to the immediate crisis became restoring the very system that created the previous crisis. Yet there is a serious problem lurking behind regulation changes both circulating in Congress and now those proposed by the SEC. There is simply a complete lack of understanding of how the global economy system even functions. Those who are proposing these regulations are clearly lost and remain clueless even about the evolution of the entire financial system that has in fact brought us to the point of no return. We are about to commit economic suicide and that seems simply unstoppable.”
I learn and acquire an improved ability to think and reason thanks to Mr. Armstrong’s uncanny ability to teach. If you elect to acquire more financial and monetary knowledge, accessing the provided link would be a great start.
in reply to: Miscellaneous #4228Maverick has it wrong, again.
The purpose of new government regulation is to constrain the private sector into submission, not a re-building under a new cloak of environmental glory. Bam and his plan to ‘change’ ultimately sweeps in to take over themselves when regulation can’t be fought.
Bully-on-the-playground-crap-with-a-large-dose-of-deception-to-those-without-history thrown in. We have enough laws. When NEW government regulations are implemented by non-elected boards, everyone with a backbone of Constitutional knowledge needs to stand up and take notice (or grow some xxs and actually read it.
We need to invoke our Constitution to protect what it stands for (read into that every implication they meant when they wrote it.) Regulation is a disguise term for control. Willing sheep won’t notice, Mav. Anyone who doubts this should wonder why acgtual contibuters to the growth of our economy are scarce, and where and how government presumes to exist without private sector funding.
(For the record…ANY new government-sector job-holder would, by definition, will need to pay 100% income tax to justify the job. Math is intrinsic. Think about it.)
Hint: the private sector’s support of the public money to the treasury is systematically being regulated out of existence. This is by design. This is by design because the ONLY place public government money originates comes from a regenerating source.
SO WHY??? So why would I suggest that this new regulation confiscatory model of depleting the private-sector golden-goose cash-cow is is in place? AGAIN, it is by DESIGN, so that when nothing is left standing, only the A-holes with totalitarian authority step in.
And non of us will be able to stop it.
History shows us this over and over and over, and studying history would go a long way to informing you, Mav. The blattant conclusion that I draw is that you are intentionally ignoring it. WHY?
The simple model is seen in many western movies…it’s that silly of a script. But when enough people believe that it’s good how a corrupt sheriff is in control for THEIR own good, the sheriff’s sitting there with all his croney thugs and guns…
It’s remotely possible that I have this wrong. But I seriously doubt it. Look at what is happening to our mine here.
And instead of being ignorant and naiive, wake up, unless you also want this to happen.
The crowd who thinks thinks NEW Government regulation is actually good for everyone, has an a diabolic design.
My second, third and fourth paragraphs above make this pretty clear.
in reply to: Miscellaneous #4227Since FUBAR Bush practically destroyed our standing as number one nation in the world maybe we should give a new voice at least four years to regain some of our lost glory before we give him the boot.
in reply to: Miscellaneous #4226Bluejay, We are on the same side of this issue. I do not support the over intrusive regulating authority of the E.P.A.. I think Senator Reid has already lost his reelection. He has lost support.
I am looking forward to a republican land slide in November to throw the Democrats out. So keep up the good fight.
When a democrat is a good president is when he has to deal with a Republican controlled Senate, and House. Remember what happened to Clinton after 2 years of a majority.in reply to: Miscellaneous #4225From the 4-22-10 daily Casey Dispatch:
Hard Times for Hardrock Miners – Postponed
By Donald Grove, Casey Research Washington Correspondent
No surprise, but I just wanted to pass on my observations on Jeff Bingaman’s (D-NM) Hardrock Mining and Reclamation Act introduced in the Senate last year. This bill, like the hardrock mining bill passed by the House in 2007, would “reform” the General Mining Act of 1872 with the net effect of constraining hardrock mining in the U.S.
The consensus from mining state congressional offices, where I recently asked about the status of hardrock mining reform, is that the legislation will not proceed in this Congress, in large part because of the difficult reelection battle Senate Majority Leader Harry Reid (D-Nev) is facing. Reid, who hails from a key mining state, will not risk letting hardrock mining reform come to the Senate floor with mid-term elections looming, despite support for mining reform from the Obama administration.
David again. At this point, the best we can hope for is that the Democrats lose their strong majority in the November elections, so that the nation can move back to the political gridlock that is so effective at throwing legislative roadblocks in front of counterproductive new laws. It’s the best one can hope for in a degraded democracy.
in reply to: Clips from Alleghany #4223My Dr. appointment went well. The bone is 3/4 filled in as far as thickness goes and the Dr. said that is good. When I asked him if I can drive yet he said I have to call my insurance co. and DMV!
I start physical therapy next week.
in reply to: Gold Enters Major Bull Market #4224Rick and Dave and others, there is hope on the way if Peter Schiff gets elected to the Senate. Check out his words on youtube.com:
in reply to: Gold Enters Major Bull Market #4222Hi every body,
A proposal of a value added Tax, which is a sales tax proposal. This type of tax is more disruptive then income tax. I know that many states that do not have sales tax will not support a national sales tax. Evidence of that is from historical blarney of congress.
Also V.A.T. is not constitutional, and would require an amendment to the constitution.
A value added tax requires people to have money to pay it.
If you do not make enough money, then it is not necessary to pay income tax. Also, if I had a bucket full of earned money and when I spent it with a value added tax, I would be taxed twice on the same money. I think we nee another tea party.in reply to: Gold Enters Major Bull Market #4221Last on gold is $1144.70 as negative attack dogs appear anemic.
Better get your gold or add to your holdings now, as here comes Uncle Sam with his VAT tax:
in reply to: Miscellaneous #4220From the 4-21-10 Daily Casey Dispatch:
Dear Reader,
As you know only too well, I am against the choking tangle of government dictates and regulations that hinder the free flow of entrepreneurial blood in this nation, any nation.
At this crucial moment in American history, a moment that may lead to the end of America’s monetary hegemony and much worse than that, the nation’s leadership should be cutting back the regulatory tangle, and not piling it on as they are.
Which brings me to an initiative out of the EPA that is enough to bring a sane person to their knees: a government-sponsored contest whereby the citizenry are being encouraged to make short videos in favor of federal regulation.
Please don’t read this unless you are sitting…
As explained in the EPA press release announcing the contest, the purpose of the videos will be to remind the public that federal regulation touches “almost every aspect” of their lives and to promote how important those regulations are.
“The contest will highlight the significance of federal regulations and help the public understand the rulemaking process. Federal agencies develop and issue hundreds of rules and regulations every year to implement statutes written by Congress. Almost every aspect of an individual’s life is touched by federal regulations, but many do not understand how rules are made or how they can get involved in the process.”
… “With a short 60 to 90 second video, citizens should capture public imagination and use creativity, artistic expression and innovation to explain why regulations are important to everyone, and motivate others to participate in the rulemaking process.”
The videos must both educate viewers on the government’s regulatory process and encourage them to become more involved in it. The videos must remind viewers that regulations are laws written by the executive branch.
“Federal agencies write laws called regulations or rules,” the contest’s information guidelines states. “When Congress writes a statute and the President signs it, it usually doesn’t have enough detail for it to be put into effect. So, federal agencies fill in the details by issuing regulations.”
The videos must also remind viewers that regulations are the law and that they actually outnumber laws passed by Congress on the order of 10-1.
“Regulations have the power of law. Breaking them can result in fines and even jail time. Regulations outnumber Congressional statutes. For every statute passed by Congress and signed into law by the President, federal agencies create about 10 regulations, each of which have the force of law.”
(Source: CNS News) Full article here.
David again. You can watch a helpful video from the EPA that explains how you, too, can create your video entry.
I could make a number of comments in response to this latest government initiative, but all would be predictable and rude. As I prefer not to be either predictable or rude, I will leave it by saying that whatever emotive response you had to reading that entry, I probably had as well.
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