Original Sixteen to One Mine, Inc. - Forum Topic: "Miscellaneous"



	September 7, 2010 Tuesday

Forum
Topic:
Miscellaneous

By Michael Miller
05/29/2010 12:35PM

Rita , husband Sean and daughter Cora accompanied by Eric Rice, a well known Blue Grass aficionado, spent a long afternoon underground in the Famous Ballroom. There voices and instruments were recorded without any amplification by Steve O'Neill. The acoustics defy words.

Several wishes for the Ballroom persists. We hope to broadcast a live performance on KVMR FM radio. If you take a moment to go to the NEWS topic, page three and scroll down to March 21, 2002, you will find the big wish. Maybe the thrust of "Who Will Sing for the Miners" will come true. It is long overdue.

By Rick
05/28/2010 7:35PM

Yes, most of us know that Rita Hosking recorded songs in the mine this month! Googling Rita 48,000 hits arrived....

I remember the first time I heard her voice...at a Joe Craven picking-party backyard, and was floored by one of the most unique voices I'd ever heard.

I follow Rita on FaceBook and recommend the same, as well as listening to KVMR, especially her web-page. Rita's new album is awesome.

By Rick
05/21/2010 7:26PM

When law enforcement prosecutes, intent is an essential element to its focus.

Law enforcement is essential to our society, accountable to a vibrant society, essential for the good of all citizens.

A lawless, unaccountable, un-elected thug should not have the blank slate to cripple and KILL a vibrant fiber of our Constitutional right to be free in this country.

On the roceord.

By bluejay
05/18/2010 7:47PM

Here's the link to the mentioned article below:

http://www.martinarmstrong.org/files/Greek-Debt-Crisis-The-Preview-of-What-is-to-Come-5-6-10.pdf

By bluejay
05/18/2010 7:32PM

You're absolutely correct. You can add a few more scumbags that had their fingers in repealing Glass-Steagell like Phil Gramm and Robert Rubin. I'm sure the "brilliant" Larry Summers was putting his two cents in as well if he could spare any time away from demeaning women.

Why Obama chose Summers to be his economic adviser is beyond me as Summers cost Harvard $1.8 billion with his sassy and confident financial advice.

Anyway, these are the guys along with the ones Rick mentioned that will be responsible for bringing down the house. Oops, almost forgot Greenspeak. It's comes so easily to think of politicians as, simply, inept but it goes past that: most are just greedy persistent uneducated people and look to voters as a means to their end. The free lunch. They act just like the pesky squirrels at the bird feeder until they've ravaged everything, then they move on.

Tonight, it was originally intended to alert everyone with one of Mr. Armstrong's recent articles but I just couldn't resist sticking it again to Rothchild's boys and their paid hacks in government.

On May 6, 2010, Martin Armstrong made available on the Internet the article, The Debt Crisis - The Preview of What Is To Come.

It's well worth the read because it will effect you and it's not good news.

Mr. Armstrong concluded the article by saying: "Watch closely the events in Greece. It is a road map to what lies ahead. Our own politicians will do nothing. So collapse is impossible to prevent. Hang on. It's going to get nuts."

Got your gold?

By Rick
05/18/2010 4:56PM

For those of us who don't know:

When the Glass-Steagall Act was repealed and signed by the Clinton administration in 1999, the banking world was turned loose, like a kid in a candy store. Look it up for yourselves. (Always the best way to fact-check my stuff.)

All was done with the "feel-good-vote-buying-method" assuring "affordable housing" for all who couldn't afford what they want. Socialist parade. Sounds great when you get stuff and don't have to pay....like getting a credit card with no baqck-up plan.

"Hey, they gave it to me, so what's the problem...you mean I actually have to pay it back?"

"No, no really, just wait a while while we sort it, but be sure to vote for us again, since we really want you to have afforable housing. Don't let those rascal Rebulicans take your housing away!"

Blah, blah, blah.....

This whole house of cards started with this notion, manifested by Freddy and Fanny and nobody in the television media is able to look into the mirror because it would break on impact.

By design, I mention again, because once endentured, always dependent.

Consider the dependent-on-government-household....why would they ever vote away their gift, their cash-from Obama's-stash, their ugly dependency??? Never. Vote buying on parade.

Back to the repeal of Glass-Steagall Act: it was the enabler to this crap. Prior, while the Glass-Steagall Act was in place (over 50 years, look for yourself please), mortgage banks interests were by law separate from investment houses...hence the risk management of mortgages was in check by the marketplace. To wit: you couldn't recieve a house mortgage from an investment bank, and visa-vera, an investment bank couldn't issue you a mortgage, hence insuring the housing market's reality.

The repeal of the Glass-Steagall act by Bill Clinton's administration changed all that, and the political doors were open to the gullible masses....

"You mean I can buy this for nothing down? Don't have to prove my income? Well, bless the Democrats!!! I'll vote for them forever!!"

And then when the ess hit the fan, they still want the candy to come back.

WAKE THE EFF UP!!!!!!

We have the Barny Franks, Chris Dodds, Bill Clintons, B-Bams to blame for the entire mess.

Our parents taught us: "You can't get something for nothing."

And I'll add a new one: "Stop thinking and voting that way."

By bluejay
05/18/2010 10:44AM

The ever changing face of major banks.

The general business of big banking today has significantly changed from lending out depositor's money to using those same funds for market speculation. If that wasn't bad enough, the government is allowing them to falsify their net worth with relaxed accounting guidelines plus they are illegally hiding their write-downs.

Future generations will look back upon this system simply, as just being fraudulent. Is there any wonder that New York State Attorney General, Andrew Cumo, is investing eight big banks for providing the ratings agencies with false information concerning mortgage securities? The problem with keeping your money at the big banks is that they don't operate under the moral guidelines of fair play.

People generally have confidence in the FDIC to insure their money, or is it money? It's just representative of how many bills you have to part with to exchange them for gold. If your banks fails where is it written, when you actually get your bills back? Gold is constant with what it buys, the money or what's believed to be money, the Federal Reserve Notes, historically depreciate in purchasing power and are not constant. The Constitution defines money as gold and silver.

The Federal Reserve was created by bankers as a vehicle to bail them out at the public expense. Who bails us out? Got your gold?

The following linked article entitled U.S. Banks Illegally Hide Write-Downs by Jeff Nielson of bullionbullscanada.com clearly spells out what the banks are up to these days and what people need to know.

http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=11844:us-bank-fraud-illegally-hides-write-downs&catid=47:us-commentary&Itemid=132

It appears to be a "no-brainer" today in not trusting the big banks with your hard earned Federal Reserve Notes.

By bluejay
05/15/2010 1:57PM

The following paragraph is from John Williams' shadowstats.com updated 2010, from the original article entitled: Hyperinflation Special Report - Number 263 - December 2, 2009.

"Ralph T. Foster (hereinafter cited as Foster) in Fiat Paper Money, The History and Evolution of Our Currency (see recommended further reading at the end of this report) details the history of fiat paper currencies from 11th century Szechwan, China, to date, and the consistent collapse of those currencies, time-after-time, due to what appears to be the inevitable, irresistible urge of issuing authorities to print too much of a good thing. The United States is no exception, already having obligated itself to liabilities well beyond its ability ever to pay off."

By bluejay
05/14/2010 9:55PM

Good educational flick.

http://inflation.us/videos.html

By bluejay
05/13/2010 6:49PM

More from the free press, the Internet. The following is from the jsmineset website:

Stat of the Day: California now in top ten for highest government default probabilities in the world
Posted by Edward Harrison on 12 May 2010 at 4:16 pm

With the liquidity crisis surrounding the rollover of Greek debt subsiding, the probability of default for that country has plummeted from nearly even odds to just over one in three.

Last Week’s Numbers: 11 May 2010

The current top 10 in the world to default - probability percent.

Venezuela 50.79%

Argentina 44.83%

Pakistan 36.51%

Greece 34.01%

Ukraine 31.77%

Dubai/Emirate of 25.56%

Lativia, Republic of 20.44%

California/State of 20.07%

Lebanon 19.56%

Sicily/Region of 19.45%

By bluejay
05/12/2010 10:21PM

Dear Jim(Sinclair),

Here comes the litigation you warned about years ago. It looks more like fraud than mismanagement and the accounting firms seem to have helped every step of the way (just like Enron and Arthur Anderson). This is going to end badly (and already is). Every book of every corporation in the West is now suspect. My God, what have these people done?

Regards,
CIGA Pedro

Former Iceland bank chief hit by $2bn lawsuit
By Andrew Ward in Stockholm
Published: May 12 2010 14:20 | Last updated: May 12 2010 14:20

One of the main figures behind Iceland’s banking boom and bust has been hit by a $2bn lawsuit that accuses him of a “fraud” that contributed to the collapse of Glitnir Bank.

The rest of the article is available at jsmineset.com.

By Rick
05/04/2010 9:20PM

The word from Janet Nopollyanal, we are all safe. From Day One.

Congratulating themselves for the SUV bomb not blowing up, but breaking for cover since it didn't turn out like they'd planned, how they hoped they could fabicate evidence that some right-wing-nut-case-tea-party-bomber was piss-off about the new Health-Care mandate(suggested by New York mayor-magesty-himself)....

The word from the Homeland Security Chief Herself: "Don't worry, and if you see it, report it!"

Now, that's a sound policy.

Except if you are in Arizona.

By bluejay
05/03/2010 11:22AM

The 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.’

By bluejay
05/03/2010 10:42AM

If 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, 2010

CANBERRA – 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.

By bluejay
05/02/2010 3:22PM

Jim’s Mailbox
Posted: May 01 2010 By: Jim Sinclair Post Edited: May 1, 2010 at 6:19 pm

Filed under: Jim's Mailbox

Thought For The Day

Greece and Goldman hog the news as 33 US states head for bankruptcy.
--------------------------------------------------------------

Is Goldman and their likes going to take everyone down with them, like Greece? Is California one of these States? In Lloyd Blankfein's testimony before the Senate he said, about a 100 times or so, we're just market makers. Basically, we see, hear and do no evil. Really?

Were these proclaimed market makers not the same ones selling out the firms's position of suspect mortgage related instruments and then setting up and maintaining a short position after their junk was cleaned out of their cabinet to their unsuspecting clientele?

It was apparent while Blankfein was testfying on Capital Hill that not once did he draw reference to all his company's diseased derivatives that were transfered off their books to the public.

Ever try in-and-out-trading of stocks for profit? The greater the activity the greater the potential for judgment mistake and eventual loss. Martin Armstrong said that the big boys, like Goldman, won't enter into a trade unless they know they can sell it for a profit. Doesn't this sound like not asking a question in court unless you already know the answer?

Bill Laggner said that 90% of all of Goldman Sachs' daily trading is for a profit. Now, how do they do that? It's an old trick, access to first hand information. You can take that in any direction you wish and probably be right.

Old Nathan Rothschild in 1815 improved his family's wealth 20 fold by accessing information ahead of it being received by official sources in London concerning the outcome of the Battle of Waterloo. This is called inside information no matter how it was obtained.

How did he gather this information ahead of others? Through a network of agents through-out Europe. His system employed using fast boats, coded letters, and carrier pigeons.

How did he actually make the money? Everyone in London knew he had his ways. Maybe he and the family as well, made money trading 90% of the time, too. First he created a panic by selling British government bonds as interested parties waited for news from Waterloo. When people saw Nathan selling, they immediately reasoned that France was victorious. As selling volume on the bonds swelled, Nathan took an about face and started buying everything in sight.

So what Nathan did was use a combination of first-hand information that France was actually defeated along with croud trickery to line his pockets with pieces of silver as the non-informed were financially gouged and separated from their money.

This example brings memories of the slam-dunk that three or so large banks(Goldman Sachs, J.P. Morgan, Morgan Stanley???)did on the price of silver and gold in the later part of 2008 with some wondering: who bought all that cheap silver and gold along with the precious metal related shares that tanked so heavily? Well, it wasn't the public, they were selling.

Deception, it's an old game or was it just the banks performing regular market making chores?

Currently, the Department of Justice is involved in investigating J.P. Morgan's possible involvement in manipulation in the silver market. This is big news considering the SEC has recently charged Goldman with fraud.

What goes around, comes around.

By bluejay
05/01/2010 10:42PM

From 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

By bluejay
05/01/2010 9:23PM

Some Mother-Lode history:

Amador County was the most productive of "The Mother Lode" counties. This county produced approximately 6,500,000 ounces of placer gold and 7,700,000 ounces of lode gold. Mining continues today. The richest area in this county is about 1 mile wide across the west central part of the county from the south to the north. The Old Eureka Mine had the deepest shaft in America at 1,3500(?) feet deep and it was the largest producer in the mother lode in the early days. The Kennedy, Argonaut and Keystone Mines were also large gold mines in the same area.

By bluejay
05/01/2010 7:43PM

Excellent educational interview by Eric King of Bill Laggner - co-founder of Bearing Asset management.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/1_Bill_Laggner.html

By bluejay
04/30/2010 6:53PM

Oh, what'a another $100 billion?

Thought For The Day

The cost for a Greek bailout to the citizens of the US via the IMF will be $100 billion.

Now there is a nice addition to the Federal Budget Deficit.

-----------------------------------------

My comment: Charity begins at home, especially when you don't have to borrow it from others without their consent.

By bluejay
04/30/2010 2:48PM

Are you prepared?

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/4/30_Faber_-_The_Ultimate_Crisis_Will_Destroy_Everything.html

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