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- in reply to: Miscellaneous #5423
Well, of course, Freedom is our driving force. Freedom to independently survive as individuals and develop independent goals we create with worthy partners.
Our mine is the pinnacle of free ambition, freedom from oppression, and when we find ourselves oppressed, we are the expressed definition of FREEDOM!
This isn’t righty-lefty politics, although the ugly head of regulation does have an affiliation with one perspective…and we recognize the roll of regulation in its true intent (I won’t get distracted here…simply move along acknowledging the obvious roll of true law-enforcement needs we all agree upon). Rest assured that FREEDOM is imperical, in all of our souls.
Yet FREEDOM! is under attack by our nemisis…unfettered crap regulation, etc, etc, etc. We know the drill…
The whole reason I’ve just started this topic is to focus…we need to preserve the freedom we’ve been so fortunate to have.
November is critical.
in reply to: Gold Enters Major Bull Market #5420Gold $1691.30 DOWN $4.90
Silver $32.21 DOWN $0.15There are always rumors flying around the marketplace concerning where all the physical gold is coming from, especially over the past weeks as gold has moved higher and traded above $1700 for an instant yesterday.
Most likely western nations have been leasing out their gold in increasing numbers as soverign debt problems continue to swell. The only question that might remain is, will they be able to get it back? With paper products representing physical that is certainty not behind these instruments, it seems like a collapse of the paper market and the leasing market could take gold much higher, well beyond most people’s imaginations.
The following countries, more than likely, have been buying the leased gold(does the U.S. really have any physical gold left?):
China – Russia – Bangladesh – Philippines – Saudi Arabia – Thailand – Belarus – Venezuela – India – Sri Lanka – Mauritius – Mexico – Bolivia – Colombia – South Korea – Turkey – Kazakhstan – Tajikistan – Serbia – Ukraine – Mongolia – Malta – Greece – Argentina.
in reply to: Miscellaneous #5421Wisdom in our eyes,
Wisdom in our eyes,
Wisdom in the vision,
Yeller below.Wisdom in our call,
Wisdom in our falls,
Wisdom in our faith and vision,
Wisdom: yeller shows!Inside, inside.
Deep inside we strive.
Strength of wisdom inside,
Strength when yeller shows.Drill deep, drill deep,
Drill our vision’s reap.
Inside, upside, inside, up,
Strength where yeller shows.Banter above,
Faith below,
Faith in both the visions.
Banter above,
Faith below,
Faith where yeller flows.in reply to: Miscellaneous #5419I’ve placed my finger on the delete button for this topic more than once, moving its entries to Miscellaneous. But it survives another day, Labor Day. Daniel Webster penned a little ditty about labor:
“Labor in this country is independent and proud. It is not to ask the patronage of capital, but capital solicits the aid of labor.”
Longfellow wrote this short poem:
“Let us, then, be up and doing,
With a heart for any fate;
Still achieving, still pursuing,
Learn to labor and to wait.”Twenty years ago I saw the personification of the labor force at the Sixteen to One and created a photo essay usually called a calendar. Printed for 1992, my mistake was not allowing adequate time to sell them. Many remain in their boxes unopened. The time was our “Go for the Gold” crew of twelve. The Company had just purchased the assets from our lessee, Royal Gold. I added some of its miners to our crew and off we went. The photographs are great shots with each miner underground at work; I saw the emblematic representation of an abstract quality by a human figure wearing a hard hat and cap light. I wrote 28 thoughts to represent mining gold in this unusual mine and honor our labor.
Here are two: “Exciting and dangerous, underground gold mining has long been a tradition in California. Miners are acutely aware of the risks which constantly surround them. They drill holes in solid rock 2000 feet beneath the earth’s surface. Those holes are filled with explosives, ignited, and then the surrounding hard rock ore is blown into bits. Mining combines high risk, pure chance and skill. We would not have it any other way.”
“Gold in the right hands is a peace keeping element that preserves freedom and the legacy of mankind. It is abused by man. In time, its strength reaches those who maintain responsibility for goodness.”
Abe Lincoln sure walked the blade edge of reason when he wrote, “By some it is assumed that labor is available only in connection with capital – but nobody labors unless somebody else owning capital, somehow, by the use of it, induces him to do it. But another class reasoners . . . holds that labor is prior to and independent of capital; that is; that, in fact, capital is the fruit of labor and could never have existed if labor had not first existed.”
Abe was a lawyer and a wise man.
in reply to: Miscellaneous #5418I do not favor the idea of returning to a gold standard as it existed in the past. It will be ripe for manipulation. As a gold producer and a gold mining activist for 37 years, I favor the present free market pricing of gold. I like it and breathlessly await the time our small gold producing company regains its proven, gold mining operation. The current sales price for an ounce of gold is beyond my expectations. Actually, thanks to a splendid board of directors during the 1990’s, I have no expectations for the future price of gold. My belief in an outstanding future of Sixteen to One mine is grounded in its amazing gold deposit. We operated when gold was $300 per ounce, $450 per ounce, and its former long-time high of $810. Under the sage advice of Director Lee Erdahl, I copied his answer to the question, “What do you think the price of gold will be?” He said, “Well, there is one thing I know for sure. It will either go up or it will go down.” Thank you Lee, I have used that answer many times.
I do believe that an individual, household or business should have some gold or interest in a respectable gold mining company. The amount can be as little as a pennyweight. Even if it is only a token of one’s wealth, you will gain a benefit by knowing that you’re in-the-game. I know that most of our shareholders are not feeling that their shares will bail them out when the dollar is inflated. However, I know that those of you out there with an equity stake are walking a little taller as all this talk about currency, bank misconduct, Wall Street skullduggery, gold (as a financial savior and touted to reach $5,000 an ounce) continues. Our day will come. I remember what a Silicon Valley banker told me after he turned down an offer to check out our company (many years ago). He said, “Mike, you run a trailing edge business not a leading edge like most around here are familiar with. You run patient capital.”
While I don’t have expectations, I have hope.
in reply to: Miscellaneous #5417I think realastate is a good investment, along with gold. By low as it is now. and just wait. It will go back up.
in reply to: Miscellaneous #5416If you have doubt about our system
arrange to buy gold bars either
refined or unrefined from Origsix
and stash them in a secret spot
but don’t forget where you put them.in reply to: Miscellaneous #5415Save Yourself
From this morning’s International Forecaster:
7 Yummy Trillions –by Bob Rinear
Last week I made a lot of waves when I suggested that the recent Sentinel court ruling is the door opener for financial institutions to co-mingle customer funds with their proprietary trading desks and if they lose your money… “too bad”. I said pretty much straight out that the appeals ruling makes it easy for Wall Street to play cowboy with your money and if they lose it, they are not on the hook. All they have to say is that they used your money to make you even more, but it went bad and it was lost. No fraud, no illegality.
As one might imagine, my inbox was flooded with people that asked if 1) I was serious and 2) if I believed that, why was I still in the market and 3) why would the court come out and basically open the floodgates for institutions to co-mingle your money with others?
So the answers are… 1) yes I was dead serious, 2) I’m still in the market because we make our living investing/trading stocks and options. We do this in our accounts, unlike the Sentinel and MF Globals where you pay someone else to invest. I think the hedgies and fund managers that have billions under management are where this will continue, and 3) Why would the court go along with what was obviously criminal? It’s all about the money folks. With over 7 trillion dollars sitting in pension funds and 401K’s, that’s about 50% of our deficit just sitting there. If they can get their hands on it, they will.
So, lets dive into this concept a bit and see where it all started. The Court usually doesn’t go along with criminal rulings out of the clear blue. No, they do that sort of thing after being summoned by the powers that be, to clear the road for their plans. But then… what were/are the plans? We have to go all the way back to 2007 through 2010 to start to understand all this.
The Government was broke, the banksters had taken down the financial system and they were looking everywhere for money. Day after day the Unions would come to Obama and tell them that they were underfunded in their pensions. The market crash had taken a lot of people from hero to zero in a very short time period. So the calls went out to find cash, any way they could. Well they found it. At the time it amounted to 6 TRILLION dollars. It was the 401k’s and Roth IRA’s around the country, many sitting there…almost forgotten. But the question was, how would we get our hands on it?
Vice President Joe Biden floated the idea, called “Guaranteed Retirement Accounts” (GRAs), in the February 2010 “Middle Class” report. I remember reading it and going ballistic in that weeks issue of our Newsletter. These people were seriously dreaming up ways to force you liquefy your retirement money into a Government run MANDATORY plan.
In conjunction with the report’s release, the Obama administration jointly issued through the Departments of Labor and Treasury a “Request for Information” regarding the “annuitization” of 401(k) plans through “Lifetime Income Options” in the form of a notice to the public of proposed issuance of rules and regulations.
Teresa Ghilarducci teaches economics in an outright socialist thinktank called the “new school”. She had written a book called “when I’m 64” and it was about a mandatory plan the citizens would belong to, where a Government run program administered by the Social Security service would be a “supplement” to Social Security. In November of 2007 she had written a paper which was presented to the Economic Policy Institute in Washington, for a project named (can you believe it) “Agenda for Shared Prosperity” In that paper she outlined her ideal plan for these “Guaranteed Retirement Accounts”.
In that paper, she proposes that our current system is failed, too few people are in 401K’s and taxes etc are straining the elderly. So, a “guaranteed retirement account” run by Uncle Sam where you are forced to donate to this program is her way of solving things. To quote a part of her paper on Contributions…which Biden and Obama attempted to say would be voluntary, please read this…
“Contributions. Contributions equal to 5% of earnings are deducted along with payroll taxes and credited to individual accounts administered by the Social Security Administration. The cost of contributions is split equally between employer and employee. Mandatory contributions are deducted on earnings up to the Social Security earnings cap”
Uhm… hello? See the word mandatory there? Of course it’s mandatory; it’s what they drool over. So here’s the Obama administration looking for cash, hiking taxes, desperate to save their union buddies and old Teresa here had already published out a Socialist “agenda for shared prosperity” book and paper about how to make giving Uncle Sam your money mandatory, and they took it even further and said “hey, we can do better than that, we can confiscate everyone’s pension/401K/IRA and “annuitize” it into this plan!
The problem as you might expect was that the republicans fought back hard and said “get lost, keep your hands off our people’s retirement money”. Well what do slimy politicians do when their first attempt fails? They find the back door. This is why I believe that the Sentinel Court case was not some off the wall, one time goofy, mistake. No, ever since February of 2010 when they first floated the idea of these Government sponsored retirement accounts, they’ve been fixated on getting that pool of money.
So if the Republicans won’t let them just take it without a fight, and the population doesn’t really trust Uncle Sam, but doesn’t much trust Wall Street either, you can see what they’ve decided to do. Let Wall Street rape the common man enough, and he’ll come to Uncle begging for safety. This is why the court found nothing wrong with Sentinel. This is why Corzine was allowed to take a billion customer dollars and roll the dice. This is why I know that there’s going to be more “co – mingling” of funds and more accounts vaporized. They want the 401K and Pension plans so afraid of being in the market, they rush to the safe arms of Uncle Sam.
Bernie madoff “made off” with billions and no one knows where it went? Sentinel uses customer funds that they stated over and over were segregated and safe, yet they used the customer funds and lost it all… court says fine. Corzine loses a billion in customer funds? Not a peep, in fact he now wants to open a hedge fund ( I kid you not) Knights algorithms, the flash crash, PFG Best, the LIBOR disaster, HFC money laundering, Gold and silver manipulation….do you see a pattern here? They’ve let the market go wild, so they can come out and declare that the average person should not have their money in a 401K where bad things can happen to it. Let Uncle Sam take care of you.
If Obama is re elected, they ARE coming straight for your 401K and your IRA. Mandatory participation in their plan. The paperwork’s already been created. The plan exists. Now all they have to do is get it implemented. Now you know exactly why we liquidated our major 401K plan in 2007 and went to physical gold and silver with it. I can’t be “co-mingled”. I don’t suppose you should be either.in reply to: Miscellaneous #5414Beware of the banksters
Citigroup settles shareholder CDO lawsuit for $590 million
By Jonathan Stempel
Thu Aug 30, 2012 4:30am EDT(Reuters) – Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis.
in reply to: Gold Enters Major Bull Market #5413From Jim Willie:
“Expect a price move toward $1800 very soon. Expect a Silver price move also, as it more clearly has broken out from the year-long consolidation, back over $30/oz. Moves in the two metals could come fast and furious. The Eastern world has consistently been big buyers, but now the Western world is seeking safe haven from the ruin in banks and bonds.”
in reply to: Gold Enters Major Bull Market #5411The Federal Reserve Is An Impotent Rodent – Gold Prevails
in reply to: Miscellaneous #5410Looks like the age-old addage is
applicable: “Don’t trust anybody
even your own father or family.in reply to: From the Sixteen to One Archives #5412Been thinking about this 100 year old company, its future and my role as it voice, planner and day-to-day manager. What am I doing that is right? What am I doing that is not right? I want my phone to ring and the voice on the other end says,”I’m coming to see the mine and have a conversation about this company. I have all necessary to move your vision.”
I know this web site has more information than any one person can assimilate, but this imaginary phone call I hope to answer clearly said, “to move your vision.” Five years ago I was asked by a man who claimed the ability to move my vision but first I must write it down. So, I did and later posted it here. Only the spelling of one word changed today.
While the turf has changed over the past years for the Sixteen to One and the gold industry itself, the vision remains much in tact. The crew has improved the mine, our archives and knowledge. The price and interest in gold’s future has improved. I’m told that technology towards building a better mouse trap, er, gold detector, has advanced considerably. Maybe I should post the vision again (developed five years ago) and see if the investment climate has changed:
ORIGINAL SIXTEEN TO ONE MINE, INC.
WHAT’S IN ITS FUTURE
A VISION
The vision for Original Sixteen to One Mine, Inc. (the Company) includes America’s natural resources but focuses on the plentiful natural resources of California. While the vision may appear to be rather explicit or narrow, it includes gold and other mineral products, timber and water. It encompasses their exploitation, management, development and marketing for maximum yield. No other public reporting company incorporated in the United States shares this focus.
This vision includes the social aspects of natural resources and the desperate need to protect the cultural as well as the physical environment of our precious natural resources. The Company combines all social sciences as well as most physical sciences into an operational program. It is an enlightened business plan of operation. The Sixteen to One’s past reveals a necessary approach of maintaining long-term assets with the short term needs of producing revenue. Its present status is demonstrative proof that a small natural resource company can address the demands of natural resource exploitation in today’s overly aggressive pro environmental outlook.
The Company can become known as the model for future natural resource development in California and the United States. Its operations will challenge the erroneous myths and prejudices of well meaning activists who hinder the sensible exploitation of our natural wealth. These beliefs have turned the omnipresent demands for raw materials to natural resource production in other parts of the world, a dangerous reality.
A primary ingredient for our vision and subsequent model to expand is an infusion of working capital. There has been a noticeable lack of interest from Wall Street or private investors in forest and mineral production. The modest attention of the stock market towards America’s natural resource companies hurts future generations both in the United States and the world. Some patterns of investment are predictable. Investors’ interest in specific industries continues to move from one sector to another. The Gold Sector is abstruse, removed from the usual way of thinking and difficult to comprehend. The forest industry follows closely in its mystic.
A movement into natural resource ownership or participation is overdue. Unlike banking, savings and loan institutions, automobiles, real estate, airlines, pharmaceuticals, computers, utilities and practically every part of the complex mixture of America’s democratic capitalism, the natural resource companies are ignored. Perhaps one simple
answer is that resource companies believe they must stay under the radar to function in today’s hostile anti-mining/anti-logging mentality. Perhaps a more likely reason is the pure misunderstanding that potential investment capital has about these small but vital industries.The Company’s dream foresees an awakening of Americans to the realization that we need and will benefit from a return to domestic natural resource productivity. For almost fifty years America has been bombarded with media blame for past degradation to the environment. Some of the blame is justified. Many extraction and harvesting methods, however, are no longer practiced and cannot be assumed as what to expect from future operators.
American industries have learned from the past and clearly are the most environmentally sensitive operators in the world. This is one reason to bridge the ignorance gap of the population and our leaders. The “not-in-my-back-yard” position is a short-sided myth! Vital and necessary minerals and other resource products come from countries without the sensible regulations that have evolved in the United States over the past hundred years. The consequences of this are global.
Even though population growth and physical development exploded during the twentieth century, the world-changing roll of the United States has taken a more dramatic turn. A counter cultural shift emerged. America was considered the can-do country. Democratic and capitalistic social ideologies opened the doors for an expanding middle class, especially from workers identified as “blue collar”. Our natural resources were developed and accessible. What changed?
Somewhat reluctantly America became a world power and responsible leader. The blue-collar worker of today is losing economic ground as our society turns more and more to the service industries. But the need for manufacturing contemporary products in America remains; and in order to produce, industry requires raw materials. America has them in abundance. America also needs the backbone of its labor resources to insure our freedoms.
The time has come to broadcast how to exploit our inherited resources in the 21st century. Original Sixteen to One Mine, Inc., a US corporation, has all the pieces to lead this renaissance except one. That missing ingredient is explained in its Executive Summary. The oldest American mining corporation operating needs a grubstake to turn its dream into a reality.
Leave them alone and they’ll come home wagging their tales behind them.
July 25, 2007
in reply to: Gold Enters Major Bull Market #5409Weekly closes
Gold $1670.70 UP $52.70
Silver $30.82 UP $ 2.72In the later part of the linked Max Keiser’s interview below a guest from London states that for the U.S. to pay off its $16 trillion debt with its supposed gold holdings that a price of $60,000 would have to be used.
In 1980 the equilibrium price of $850 would have done it for the same thing with a much lesser amount of debt.
The price of $1670 in the realm of the big picture is by no means expensive.
Gold is your best friend during these troubled times.
http://maxkeiser.com/
Select the “Debt Bomb.”in reply to: Miscellaneous #5407Just in from Jammes Corbett, an excerpt from today’s International Forecaster:
And this is the point to keep in mind: the game is rigged. No matter how we play, the banksters win. Sometimes they win big, sometimes they win small, but each time the roulette wheel is spun, the banksters will take their cut. And once again we find that the only way for the people to win this rigged game is not to play it. To remove our savings from their institutional financial framework and store it in precious metals. To help support the creation of local alternative currencies. To support local farmer’s markets and community-based initiatives. To simply remove ourselves from the system. In the end, this is the only thing that the banksters really fear, and the only way they can lose.
Maybe it’s time we started thinking big for a change.
in reply to: Miscellaneous #5408from jsmineset.com:
Customer Deposits Are Property of the Bank: Close Your Account NOW
Susanne Posel, Contributor
Friday, August 24, 2012In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”
These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM). This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”
Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.
When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft. The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, or depositors and retirees who hold accounts in banks. In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.
in reply to: Clips from Alleghany #5406I used to farm orchard in Sutter
County. I had an extensive junk
pile which sometimes literally
saved my “life”. A pile of junk
sometimes “Pays”.in reply to: Miscellaneous #5405Recent comments by Martin Armstrong:
It is true that one begins to wonder what is going to happen to the human race. Technology keeps on advancing with greater and greater power, either for good or for destruction, as government desires to eliminate all rights, privileges, and immunities. But this is part of the cycle that constantly repeats. Government is the enemy of the people. Historically it always has been. They seek only one thing, power over others. They will do anything to retain that power. For they cannot sleep at night worrying that someone has something they want or is doing something they do not approve of. This is part of a long cyclical process where government is always the great evil empire for it ultimately always seeks to dominate the people regardless of what form it has taken.
in reply to: Clips from Alleghany #5404Go to the Sixteen to One mine or to most mine sites and you are likely to see stuff: pipe stuff, wood and iron of various sizes, rusted equipment, parts for almost anything that moves and of course old trucks and cars. This spring Alleghany witnessed loads of stuff going to scrappers or the local dump from the sixteen to One. Many cheered (Scoop). Some thought the mine was going insane. Scoop was checking out the portal yesterday morning and dump pocket changes when Mike pointed out a small pile of scrap iron set off to the side. “See”, he said, “this pile has no value and it will be off to the scrappers in the next load.” Scoop was impressed.
Later that day we met at the post office. Mike shook his head and exclaimed, “What was I thinking during our cleanup project! Remember that useless pile of iron? It sat there for over six weeks and was ready to load up. Yesterday and today the ore cars kept derailing just outside the portal and the crew was figuring the best way to fix the problem. Raising one of the rails seemed better than lowering the other one. I walked over to that useless scrap pile of iron and found a dozen pieces to wedge under the rail. It sure beat rocks or dirt or wood.”
Go to any mine and you will see stuff, worthless stuff lying around. Maybe those miners have reasons to keep almost everything.
in reply to: Gold Enters Major Bull Market #5402Gold $1651.60 UP $13.00
Silver $29.83 UP $ 0.50Gold for the past few months has been etching out a bottom formation and now appears has gathered enough strength to attack the important $1651 and $1658 resistance areas as it flexes its muscle today. If the metal blasts through these levels it could indicate that expanded financial troubles are upon us. From purely a chart perspective, it is expected than gold and silver may be due for a little resting in here.
Nevertheless, the higher metal prices of the past few weeks should feel great, especially, for those who have a methodical bullion coin purchasing program in effect.
in reply to: Miscellaneous #5401This is certainly worth the read:
Written by Jeff Nielson Wednesday, 15 August 2012 11:50
http://www.bullionbullscanada.com/intl-commentary/25744-iceland-was-right-we-were-wrong-the-imf
For approximately three years; our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with “austerity” in order to continue making full interest payments to the Bond Parasites – at any/all costs.
Following three years of this continuous, uninterrupted failure; Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain, and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.
Now in what may be the greatest economic “mea culpa” in history, we have the media admitting that this government/banking/propaganda-machine Troika has been wrong all along. They have been forced to acknowledge that Iceland’s approach to economic triage was the correct approach right from the beginning.
What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail-out the criminal Big Banks – at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.
The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).
The bankers told us that our governments “could no longer afford” the same education, health-care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country “could no longer afford” was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after 3+ years of this absolute dichotomy in economic policy-making a clear picture has emerged (despite the best efforts of the propaganda machine to hide the Truth).
In typical fashion, the moment that the Corporate Media is forced to admit that it has been serially misinforming us for the past several years; the Revisionists are immediately deployed to rewrite history:
…the island’s approach to its rescue led to a “surprisingly” strong recovery, the International Monetary Fund’s mission chief to the country said. [emphasis mine]
In fact, from the moment the Crash of ’08 was orchestrated and our morally-bankrupt governments began executing the plans of the bankers I have written that the only rational strategy was to put People before Parasites. While I wouldn’t expect national policy-makers to take their cues from my own writing, when I wrote out my economic prescriptions for our economies I didn’t base my views on compassion, or simply “doing the right thing.”
Rather, I have consistently argued that it was a matter of simple arithmetic and the most-elementary principles of economics that “the Iceland approach” was the only strategy which could possibly succeed. When Plutarch wrote 2,000 years ago that “an imbalance between rich and poor is the oldest and most fatal ailment of all Republics” he was not parroting socialist dogma (1500 years before the birth of Socialism).
Plutarch was simply expressing the First Principle of economics; something which all of the modern capitalist economists who followed in his footsteps have based their own theories upon. When modern economists produce their own jargon, such as the Marginal Propensity to Consume; it is squarely based upon the wisdom of Plutarch: that an economy will always be healthier with its wealth in the hands of the poor and the Middle Class instead of being hoarded by rich misers (and gamblers).
So when Bloomberg’s Revisionists attempt to convince us that Iceland’s strong (and real) economic recovery was a “surprise”; this could only be true if none of our governments, none of the bankers, and none of the media’s precious “experts” understood the most-elementary principles of arithmetic and economics. Is this the message Bloomberg wants to convey?
What is even more disingenuous here is the congratulatory tone in this exercise in Revisionism, since nothing could be further from the truth. As I detailed in a four-part series one year ago, the campaign of “economic rape” perpetrated against the governments of Europe over the past 2 ½ years (in particular) has been expressly designed to take away “the Iceland option” for Europe’s other governments.
One of the reasons for Iceland being able to escape the choke-hold of the Western banking cabal is that it’s economy (and its people) still retained enough residual prosperity to tough it out — as the banking cabal tried to strangle Iceland’s economy as retribution for rejecting their Debt Slavery. Thus Austerity has been nothing less than a deliberate campaign to destroy these European economies so that the Slaves would be too economically weak to be able to sever their own choke-holds. Mission accomplished!
One can only assume that neither the Corporate Media nor their Banker Masters would have allowed this clear acknowledgment that Iceland was right and we were wrong to appear within its own pages, unless it felt secure in the knowledge that all the remaining Debt Slaves had been crippled beyond their capacity to ever escape this economic oppression.
Indeed, for evidence of this we need only look to Greece: the one other European nation where there had been “rumblings” (i.e. riots) aimed at toppling the Traitor Government which served the banking cabal. After two elections, the combination of fear and propaganda bullied the long-suffering Greek people into choosing another Traitor Government – which had expressly pledged itself to reinforcing the bonds of economic slavery. When the Slaves vote for slavery, the Slave Masters can afford to gloat.
Here, the purpose of this Bloomberg propaganda was not to praise Iceland’s government (when both the bankers and Corporate Media despise Iceland with all of their considerable malice). Rather, the goal of this disinformation was to manufacture a new Big Lie.
Instead of the Truth: that from Day 1 Iceland’s approach was the only possible strategy which could have succeeded, while our own governments chose a strategy intended to fail; we get the Big Lie. Our Traitor Governments were acting honestly and honourably; and Iceland’s success and our failure was yet another “surprise which no one could have predicted.”
We saw precisely the same Revisionism following the Crash of ’08 itself, where the mainstream media trotted out all their expert-shills to tell us they had been “surprised” by this economic event; while those within the precious metals sector had been predicting precisely such a cataclysm, in ever more-assertive terms, for several years.
The real message here for readers is that when an economic strategy of People before Parasites succeeds that there is nothing the least-bit “surprising” about this. As with all the remainder of the world around us, promoting the health of Parasites is only good for the Parasites themselves.
in reply to: Gold Enters Major Bull Market #5403Evening metal prices
Gold $1663.20 UP $24.60
Silver $30.17 UP $ 0.84Pushing through the $1658 area on gold, if it holds, is significant. It is technically significant as well as politically significant. When one considers how many paper obligations were entered into in holding gold down by the bullion banks as many big banks wobbled, it is a wonder gold was able to shake off the paper selling pressure. This action bodes well for more pent up energy being released in higher prices with the bettering of the important $1658 level.
The day is coming when the paper gold market totally implodes for its inability to caugh up physical gold which frankly, does not exist as a basis for those contracts. Paper gold contracts should have never been allowed to affect physical prices. Are there possible suits coming from gold producers who obviously have been robbed?
The bottom line is the bankers are selling paper contracts as they take delivery on the physical metal from physical sellers. In the end, it is speculated, the public will pay the cost of the losses in shorting paper gold while the bankers keep the gains and the physical on the expected appreciation . Why would anyone think it would be any different?
in reply to: How to Approach Thin Veins & Cost #5400Recently on a site near me here
where I live a rig was set up tp
explore for natural gas. At approx. 5800 ft. gas was found
in two locations, one small and none large. When the larger one
was brought in there surely was
gas but when the pipes were hooked there was an emission
but only in a small amount, ie
a “popper” So it can happen any-
where.in reply to: How to Approach Thin Veins & Cost #5399A little over three months ago I identified a gold mining project at the Sixteen to One and an invitation for people to join us by funding it. The proposal was printed two entries below. Have a look. There were no takers. I heard from no one. There were no inquires. It is in an area of the mine not far from the portal, which reduces the cost of mining significantly: no hoisting, short tram to get rock out of the mine, short travel time for the crew, utilities close by; all important considerations.
Later we took a closer look in the old stope and in three shifts took out $125,000 in gold. We stopped for other priorities and demands. Maybe there will be no more gold to find; maybe not. It is a complicated area and now remains as a future target. It could have been a bust but it wasn’t. Projections are difficult but this mine has a history that is spectacular, especially with gold prices over $1500 an ounce. There seems to be an aversion to risk. Even the great risk takers are slow to move into gold mining. Our industry’s colorful past has colored the present, which is too bad. The future looks inviting to me.
in reply to: Miscellaneous #5398From this morning’s International Forecaster:
In recent news Monsanto, the leader in genetically modified foods “GMO’s” has in the last week along with Dupont, donated around $6.8 million dollars in hopes of crushing the ability of activists in California to get a majority of voters to pass Proposition 37, which would require genetically modified foods to be labeled as such.
Monsanto itself has donated $4.2 million to serve its purpose in its pursuit to oppose the new law. The No on 37 spokesperson Kathy Fairbanks told the associated press that Prop 37 leaves consumers with an incorrect impression that there is something wrong with GE crops(hello).
We should take note that anytime multibillion dollar chemical companies with strong GMO ties, such as Dow Agrosciences or Dupont, join the forces in which cold shut down a bill such as Proposition 37 in which we as the public would be able to choose less genetically modified food as part of our daily diet, if the bill were to pass legally forcing food to be labeled as GMO, maybe Monsanto, Dow, and Dupont should eat their own genetically modified garbage as has been mentioned in an article not too long ago that the employee cafe at Monsanto intentionally has as few GMO products on the menu as possible per company request.
That in of itself has to say something about what they think about the benefits or lack there of in their own genetically modified foods.
in reply to: Miscellaneous #5397With regard to the hydraulic min-
ning litigation years ago, there was formed the “Calif. Debris
Commission” which functioned as
an “arm” of the Army Corps of
Engineers for formulating methods
to hold the dirt and sand from the
mountains being washed down by the big “monitor” hoses and nozzles.Two dams for that
purpose were built on the Yuba River: The first was Daguerre Point in the early 1900’s and then Englebright Dam in the 1940’s in Nevada east of Smartville. Also in his memoirs
Gen Douglas MacArthur mentioned
that he was assigned to the Calif. Debris Commission soon after his graduation from West
Point.in reply to: Miscellaneous #5396From the Telegrph
South African police say they were forced to fire on striking miners, killing 34
South Africa’s police were forced to open fire on striking miners with live rounds because they were charged by armed men and compelled to “defend themselves”, the national police chief said on Friday
in reply to: Miscellaneous #5395U.S. Government Debt Grows $10 Million a Minute
in reply to: Miscellaneous #5394South African riot police open fire on miners.
http://news.yahoo.com/south-africa-police-open-fire-miners-several-dead-141246673–finance.html
in reply to: Gold Enters Major Bull Market #5393More insight into the price suppression of gold and silver by Mike Maloney:
http://goldsilver.com/news/gold-and-silver-manipulation-high-frequency-shearing/
in reply to: Miscellaneous #5392in reply to: Miscellaneous #5390You should NEVER have anyone between you and your money.
Jim Sinclair’s Commentary:
This is an interesting position for all of you that believe assets held by your securities and commodity brokers are safe!
RED ALERT: It’s Open Season on All Customer Funds
“This ruling and precedent will be used by every brokerage, every bank, every insurance company and every pension fund to deny you your money when the financial system finally collapses, be it on Monday, or be it two years from now. DO YOU UNDERSTAND? You have GOT to GET OUT.”
by Ann Barnhardt, Barnhardt.biz:
The National Futures Association is collusion with the Banksters, government and judiciary and have achieved their goal. The entire concept of “customer segregated funds” is officially, completely, legally dead.
Guys, it is OVER. I know that many of you are still cowering in normalcy bias, unable to deal with reality, unable to face the world as it is, but you have GOT to snap out of it. The marketplace is DESTROYED. You CANNOT be in these markets. All legal protections are now officially gone.
in reply to: Gold Enters Major Bull Market #5389World’s 10 biggest gold mines:
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=156837&sn=Detail&pid=102055
in reply to: Miscellaneous #5391We should take a deep look into who are the responsible ones that allow this sad financial “Wild West” show to continue while it continues to drain the resources of society.
By Greg Hunter’s USAWatchdog.com
Dear CIGAs,
Professor William Black is an outspoken critic of Wall Street. Black, a former bank regulator and professor of law and economics, says, “Outright fraud caused the great recession, and they are able to do it now with impunity.” Not a single financial elite that caused the crisis has gone to jail. Because laws are not enforced and crooked bankers are allowed to do whatever they wish, Black says, “Each crisis is getting bigger by an order of magnitude.” Meaning, the next financial meltdown is assured to be much greater than the last. According to Professor Black, “Just the household sector lost $11 trillion, a trillion is a thousand billion.” He goes on to say, “You can get to the point where even the United States could be thrown into a long term collapse scenario.” When I asked, “Any day something could happen and we could be in another collapse?” The Professor unequivocally replied, “Yes.” Join Greg Hunter as he goes One-on-One with Professor William Black.
The above is an excerpt from an interview on youtube available at http://www.jsmineset.com.
in reply to: Gold Enters Major Bull Market #5385Comments by Bob Rinear as they appeared in Satueday’s International Forecaster:
Gold and silver aren’t priced by physical supply and demand. Their prices are set totally and wholly by paper trading. Futures. Derivatives. Forward leases. Swaps, Government interventions, etc.
While many roll their eyes and snicker at anyone that suggests that these markets are controlled and manipulated, the fact is that they are and they have been for decades. In Gold there was the “London Gold Pool” of the 60’s that set the price at 35 dollars the ounce and bought and leased gold daily to keep that price locked. You can’t exhibit a stronger case of “manipulation” than that. In Silver it really began being manipulated by the coinage act in 1965 and President Johnson himself stated that investors shouldn’t try and look for gains in silver because the US would “dis-hoard” their stockpile to keep the price down. In other words, our Government via the President of the United States declared flat out that they would manipulate the silver market. It doesn’t get much clearer than that.
After the London pool went under, and Central banks and Governments got more technology via communications equipment, the manipulations went from outright “open outcry” to underground. But it was and still is there. Yet not many understand how it works, and thus their attention is diverted in the wrong area. For instance JPM is usually the target of the silver manipulation crowd because on any given day they might be short a third of the entire silver production for a full year. In fact one silver trader Andrew McGuire went to the CFTC and forecasted that a manipulation would occur on a specific day, and “bingo” just like he said, the price moved to the levels he suggested and at the exact time. Obviously it was manipulation. Lawsuits flew. At one time I believe there were more than 4 separate suits about manipulation.
That is why there’s so much outrage over a recent Financial Times article that says they are close to shutting down the CFTC investigation into silver manipulation because after 4 years they’ve not found enough evidence of it. So who’s right? Are all the silver traders just nuts and there’s really no manipulation? Or…is the CFTC just covering for JPM? Is this an example of the foxes guarding the hen house? Yes and no. They see the manipulation, but they are not allowed to prosecute the perpetrators. Why? Because the perp is the Government.
in reply to: Miscellaneous #5388Have gangsters taken over the country?
by Richard J Behn
In his annual message to congress in December 1834, Jackson would write: “Free from public debt, at peace with all the world, and with no complicated interests to consult in our intercourse with foreign powers, the present may be hailed as the epoch in our history the most favorable for the settlement of those principles in our domestic policy which shall be best calculated to give stability to our Republic and secure the blessings of freedom to our citizens.
in reply to: Gold Enters Major Bull Market #5387The time is getting short to totally grasp what’s ahead.
From Martin Armstrong:
I have never been one to yell fire in a crowded movie. But this is getting absolutely ridiculous. The global economy is in such a tailspin and there is nobody with a solution no less even a hint of what is developing so rapidly before everyone’s eyes, it appears just hopeless to save society.
The HYPERINFLATIONISTS, presume that government will continue to just print, for they cannot see that government is turning aggressive against the people for the bondholders will not tolerate such a policy and demand austerity with higher taxes. This is a Monmouth battle that is being waged and then they fail to grasp that state and local governments cannot print money and are becoming very Draconian raising taxes and prosecuting anything they can to raise money.
The federal governments are not coming to the rescue of state and local because they know they cannot. There are always counter-forces at work that must be balanced. There is a substantial difference in trend between national governments worldwide and state as well as local municipalities. This can only end in real profound collapse.
This is the reason to buy gold – to survive the future.
in reply to: Miscellaneous #5386You think your money is safe with the big banks? Think again.
http://dailybail.com/home/jpms-150-billion-fdic-reality-adjustment-jamie-dimon-just-ad.html
in reply to: Stock exchange listing #5384The Pink Sheets are no different that a pawn shop operation.
The way the pawn shop profits is usually buying from an ignorant person or from someone needing a fast liquidation with little consideration for price(drug addict) and then waiting it out until a value buyer shows up.
You would think that stock and bond organizations under the supposed watchful eye of regulators would fear them for dropping a stock from 37 1/2 cents to one cent in a heart beat but then again, the SEC has lost their creditability with respected people in the industry long ago.
in reply to: Stock exchange listing #5380Someone managed to get 8100 shares yesterday for a penny.
From .375 down to a penny, any thoughts on why?
This stock should be at least .50 cents a share. - AuthorPosts
