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



	September 7, 2010 Tuesday

Forum
Topic:
Miscellaneous

By bluejay
02/14/2010 10:05PM

CNNmoney.com reports that beginning July 1th, the start of the State's fiscal years, 900,000 of their employees will be released. I guess if you work for the Water Board and can write tickets to save your job. Those positions may be a bit more secure from the regular State folks who can't write revenue producing demands for water infractions based upon fantasy. If Californians were aware of the extended injustices this body has directed towards the Sixteen to One heads would roll.

On a recent returning mid-week trip from Reno on I-80 there were more CHP flashing lights for infraction stops than ever seen before. The "squeeze the people" State agenda apparently is now in full speed ahead.

Just like Hillary Clinton recently stated, "We're going to tax anything that moves" clearly exemplifies the government employee's attitude towards their constituents to cover their expanded financial requirements for all the mistakes and those of the big banks.

The general criticism of government keeps expanding on a daily basis. Gold is a free person's hedge against fumbling leaders. As the growing massive problems behind the curtain find the light of day it will become apparent to everyone that our elected officials and their appointees were clearly out of their league as is witnessed by all their cover-up arrogance and evident monopolistic corner on ignorance.

The growing job losses of the States are living proof of government's incompetence and all the State governments, no one is more shameful than California. This trend should continue well into 2016 with higher and higher long term gold prices as educated people protect themselves and their families.

By bluejay
02/12/2010 5:35PM

What do Hammurabi, Plato, Charlemagne, Dante and Queens Mary and Elizabeth have in common? They all condemned, outlawed or regulated the charging of interest on loans. In fact, until the early 1900s interest rates in the United States were kept at or near 10%. And until 1979, loan laws provided some interest rate cap in every state. Then everything changed. Governments and banks put profits before people. And now the lending industry is spiraling out of control. (From Wikipedia)

An excerpt from the 79.9% interest rate story from Yahoo.com today:

A national bank charging 79.9 percent interest on a credit card is legal -- as long as the issuer fully discloses the terms as required by the federal Truth in Lending Act. Still, the high rate has been met with shock across the country because it is so much higher than prevailing APRs and penatly interest rates. The CreditCards.com Weekly Rate report national average for bad credit credit cards was 14.15 percent on Feb. 12.

The money paid to banks for credit card interest expense never finds it way into the general economy. When Paul Volcker collared inflation in the early 80's by increasing interest rates usury charges passed 10% to never return below there again. The bankers are sucking us dry and setting the nation up for another financial panic which the big ones usually benefit from. It's an old game that's been going on throughout our history.

They are turning us all into paupers all over again while our elected representatives care only about themselves. Is there any wonder that a recent survey indicated that the great majority of Americans have no interest in re-elected their representatives?

By bluejay
02/10/2010 8:56PM

A parallel here with the beginning of the decline of Rome?

From today's Casey's Dispatch:

Obama’s total proposed annual military budget is nearly $1 trillion.

To understand the immensity of one trillion dollars, one would have had to start spending $1 million daily soon after Rome was founded and continue for 2,738 years until today.

This [Obama’s proposed budget] includes Pentagon spending of $880 billion. Add secret "black programs" (about $70 billion); military aid to foreign nations like Egypt, Israel and Pakistan (including bribes); 225,000 military "contractors" (mercenaries and workers); and veteran’s costs. Add $75 billion (nearly 2.5 times France’s total defense budget) for 16 poorly functioning intelligence agencies with 200,000 employees who keep tripping over one another.

The Afghanistan and Iraq wars ($1 trillion so far) will cost $200–$250 billion more this year, including hidden and indirect expenses.

Obama’s Afghan "surge" of 30,000 new troops will cost an additional $33 billion – more than Germany’s total defense budget.

The Pentagon colossus now accounts for half of total world military spending.

China and Russia combined spend only a paltry 10% of the U.S. on defense.

There are 750 U.S. military bases in 50 nations and 255,000 service members stationed abroad, 116,000 in Europe, nearly 100,000 in Japan and South Korea.

By bluejay
02/05/2010 4:53PM

Lying and More Lying From The Government

In this morning's financial section it was reported that unemployment unexpectedly dropped from 10% to 9.7%.

ShadowStats.com reports the following today:

1.36 Million Jobs Knocked off December Payrolls;

Depression’s Job Loss Increased by 19%

- January Unemployment: 16.5% (U-6), 21.2% (SGS)

- Serious Jobs and Unemployment Deterioration in Months Ahead

During the Depression some of the best factual reporting comes from Mike from east Texas on Sunday nights on KRLD(available over the Internet). Go to audio and select Charley Jones. Re-broadcasts for the previous Sundays are available.

If you enjoy straight talk, then east Texas Mike is for you. A word of caution, Mike is not fond of gold but otherwise, calls a spade a spade.

By bluejay
01/29/2010 7:28PM

More bad news coming from Patrick.net concerning tomorrow's home values.

Because there is a massive and growing backlog of latent foreclosures. Millions of owners have simply stopped paying their mortgages, and the banks are doing nothing about it, letting the owner live in the house for free. If a bank forecloses and takes possession of a house, that means the bank is responsible for property taxes and maintenance. Banks don't like those costs. If a bank then sells the foreclosure at current prices, the bank has to admit a loss on the loan. Banks like that cost even less. So there is a tsunami of foreclosures on the way that the banks are ignoring, for now. To prevent a justified foreclosure is also to prevent a deserving family from buying that house at a low price. One day, those foreclosures will wash over the landscape, decimating prices, and benefitting millions of families which will be able to buy a house without a suicidal level of debt, and maybe without any debt at all!

By bluejay
01/25/2010 7:11PM

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Ludwig von Mises

By bluejay
01/25/2010 2:11PM

From jsmineset.com today:

Unbelievable.

The FDIC is going to offer OTC derivatives to save the banking system that has been brought to its knees by OTC derivatives.

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

What more needs to be said in proving total incompetence in Washington?

By bluejay
01/20/2010 6:53PM

The court system - Can it be fixed?

It would appear from Martin Armstrong's letter to Congress that the system has been twisted to abuse his rights. We need a public elected panel to review judge's decisions when it becomes obvious that some of them have apparently lost their marbles, for one reason or another.

http://www.martinarmstrong.org/legal/Complaint-Document-3.pdf

By bluejay
01/16/2010 8:55AM

"There is an ancient Indian saying that something lives only as long as the last person who remembers it.

My people have come to trust memory over history.

Memory like fire is radiant and immutable while history serves only those who seek to control it.

Those who would dose the flame of memory in order to put out the dangerous fire of truth, beware of these men for they are dangerous themselves and unwise.

Their false history is written in the blood of those that might remember it and of those who seek the truth."

Anonymous

By bluejay
01/15/2010 5:48PM

Rick

I thought of you when I saw this quote at jsmineset.com.

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

–Joseph Goebbels

By bluejay
01/13/2010 2:08PM

Immoral Hazzard

Who's doing your thinking for you?

http://immoralhazard.housingstorm.com/2010/01/12/video-proof-that-ben-bernanke-should-be-fired-immediately/

By bluejay
01/12/2010 4:07PM

America Slides Deeper Into Depression As Wall Street Revels - Ambrose Evans-Pritchard

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6962632/America-slides-deeper-into-depression-as-Wall-Street-revels.html?source=patrick.net

By bluejay
01/09/2010 2:53PM

Another public embarrassment by a person representing the people in Washington:

http://www.youtube.com/watch?v=M5Y9X5ggxzA

By bluejay
01/07/2010 7:08PM

Comments today from the Casey Dispatch. All I can say is, no surprise here.

Goodbye, Geithner?

You have likely seen the story out this morning that the New York Fed, at the time under Timothy Geithner’s leadership, actively encouraged AIG to hold off revealing the payments the insurer had made to Goldman Sachs and other big banks on their credit default swaps.

As has already been revealed, the failing insurance company used a large amount of the billions provided by taxpayer bailouts to pay off the big banks in full on their default swaps, rather than negotiate a more favorable settlement.

Whether those 100% payoffs should have occurred is not really the issue in this chapter of the saga; in our view, AIG should have been allowed to tank and its creditors then required to follow normal channels and procedures to collect what they could from the smoking ruins. Rather, it is that Geithner’s operation deliberately encouraged AIG to hide the extent of the payoffs in its public disclosure. In order, most likely, to avoid revealing that the NY Fed didn’t do much of a job of negotiating, a revelation that would have attracted unfavorable public attention and charges of blatant favoritism.

Goldman Sachs: “Okay, so AIG is broke and can’t pay us the money it owes us. What do you suggest we do about it? ”

Geithner: “Listen, the financial markets are in ruin and investors are losing hundreds of billions, trillions even. And we recognize that you thought AIG was an upstanding firm and all that. Obviously, your analysts got that wrong. So, how about we use taxpayer funds to pay you off in full?”

Goldman Sachs: “In full, as in 100 cents on the dollar?”

Geithner: “Yep.”

Goldman Sachs: “Is that the best you can do?”

Geithner: “Sorry, but I just don’t think I can go any further out on a limb than that.”

Goldman Sachs: “Okay then, I guess it will have to do.”

Geithner: “Glad we could see eye to eye. Whom should I make the check out to?”

As the economy continues to hit turbulence and the government’s soaring deficits continue to soar, Obama is going to have to find a scapegoat – and, with this latest revelation, I don’t think he’ll have to look further than Geithner to find one.

By bluejay
01/05/2010 2:20PM

A General Pension Crisis Approaches

http://www.kitco.com/ind/fekete/jan042010.html

By bluejay
12/31/2009 11:53AM

From the Casey Dispatch:

8 Things You Didn't Know About Silver (That Could Help Make You Rich)

1) Every year for the last 60, more silver has been consumed than produced

2) Approximately five times more gold exists in above-ground supplies than silver

3) There are fewer years' worth of silver in known underground deposits than gold

4) Silver is the best conductor of electricity -- all cell phones, computers, TVs, refrigerators, etc. have it

5) Tomorrow's high-performance, next-generation batteries increasingly rely on silver alloys

6) In many places, silver is now governmentally mandated to replace lead in all types of applications

7) Its antibacterial properties make silver essential for pharmaceuticals and medical equipment

8) Around 700 tons of silver are in use at any given moment for the production of plastics

By Nose 4 Gold
12/23/2009 9:30AM

Concerning Emgold, do you also believe in the tooth fairy??

By bluejay
12/23/2009 7:32AM

Emgold's primary focus in 2010 will remain on continuing the permitting process for its main asset, the Idaho-Maryland project in Grass Valley, Calif. The Idaho-Maryland mine was the second largest underground gold mine in California, producing 2.4 million ounces of gold at an average grade of 0.43 ounce per ton. It is adjacent to and contiguous with the historical Empire mine, Newmont Mining Corporation's first operating gold mine and historically California's largest gold mine, which produced 5.8 million ounces of gold. The Idaho-Maryland project has a National Instrument 43-101-compliant measured and indicated resource of 472,000 ounces of gold and an inferred resource of 1,002,000 ounces of gold. In October, 2007, the preparation of the environmental impact report (EIR) for the Idaho-Maryland project commenced. The draft EIR was published in October, 2008. The company expects to revise the draft EIR, complete the final EIR and obtain the conditional mine use permit for the project in 2010.

By bluejay
12/20/2009 10:13PM

The Rape Of A Nation

http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout/print?source=patrick.net

By bluejay
12/03/2009 8:46PM

Published: Friday December 4, 2009 MYT 9:00:00 AM
US court blocks huge gold mining project in Nevada

RENO, Nevada: A federal appeals court has temporarily blocked construction of a massive gold mine project in northeast Nevada that critics say would harm the environment and ruin a mountain several tribes consider sacred.

The 9th U.S. Circuit Court of Appeals reversed part of an earlier decision denying a preliminary injunction sought by conservationists and tribal leaders.

The groups had sought the injunction to force Barrick Gold Corp. to postpone digging a 2,000-foot (610-meter)-deep open pit at the Cortez Hills mine 250 miles (400 kilometers) east of Reno.

The 17-page ruling issued Thursday in San Francisco said the U.S. Bureau of Land Management failed to adequately analyze the potential for the mine on Mount Tenabo to pollute the air with mercury emissions and dry up scarce water resources. - AP

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