November 22, 2017 
 Wednesday 
 
 

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Topic:
Miscellaneous

       

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 By bluejay

06/10/2010  8:30PM

The blow-out in the Gulf, at the hands of ignorant and money thirsty British Petroleum, will prove to be the most catastrophic event against the environment in all of world's history. Even Obama has shown he is no leader by failing to take complete charge by just naively supporting one of his large campaign contributors.

I hold our government responsible for the continuing and pending destruction of the entire Gulf, the Atlantic Ocean and along with all of their inhabitants plus the sea birds that are suffering and dying a slow death being laden with crude.

The following is an interview with an elderly gentleman well experienced in the oil business. At the end of the interview his final comment of the atrocity against nature is garbled out. I ask, for whose benefit?

http://www.msnbc.msn.com/id/21134540/vp/37560013#37627680

We are living in another disgraceful period in world history where out-of-control corporate power not only is stealing our money via New York investment banks but now, it is destroying our planet.

How ironic it is that the flat-lander Central Water Board is chasing a ghost in the mountains with their their little rules book attempting to destroy shareholder's wealth when, in fact, there has been no damage at all.
 By Rick

05/30/2010  6:10PM

Visiting with Rita and Sean yesterday, and the energy is still flowing!
 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  7:32PM

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

05/12/2010  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 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

05/01/2010  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

04/30/2010  9:47AM

Dave, 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.
 By Dave I.

04/30/2010  12:07AM

Listening 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.
 By bluejay

04/29/2010  7:23PM

Some 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."
 By Maverick

04/28/2010  12:28PM

Gold 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"
 By Maverick

04/28/2010  12:18PM

Hey 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.
 By bluejay

04/28/2010  11:33AM

More 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.
 By Rick

04/28/2010  8:42AM

Dave, 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.
 By Dave I.

04/27/2010  10:53PM

I 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.

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