June 27, 2017 



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 By bluejay

09/23/2012  5:04PM

It is expected that Mexico will produce more than 100 tons a year by 2017, as new projects ramp up to full production. Data from the Mexican Chamber of Mines showed that the country's production grew by 22% in the past year to 88.6 tons, making it the fastest growing country in terms of gold production.
 By bluejay

09/22/2012  11:02AM

The conclusion of the article written by James Corbett in this morning's International Forecaster is important to post here for all to get, totally, what's going on in Washington and Wall Street concerning your future as if you din't know already.

That's Neil Barofsky, aka the Voice of Reason. He's an NYU Law Professor, a former TARP Special Inspector, and the author of Bailout: An Insider Account of How Washington Abandoned Main Street While Rescusing Wall Street. Needless to say, he is not the head of the SEC, or the DOJ, or anywhere near any of the so-called government “regulators” who are supposed to stop this rampant criminality from happening in the first place...or at least prosecute it when it does take place.

And that's precisely the problem. The people in positions of power are naturally not going to press charges against anyone. That's how they get into the positions of power. Case in point: The top political donor to Chuck Schumer over the past 23 years? Goldman Sachs. Obama's largest contributor in his 2008 campaign? Goldman Sachs. Don't worry, though, if you're ready for change (and who isn't at this point?), you might be ready to vote Romney 2012. So is Goldman Sachs, who are now Romney's largest contributor. In fact, Goldman contributions to political candidates are double that of all contributions from the PACs.

But wait, here's the best part. After Goldman sells their MBS crud to their poor suckers clients, and after they then bet against those positions in the derivatives market, and after they earn back more money than they lost in the subprime collapse by shorting their own instruments, and after they and their bankster buddies bring the global economy to its knees, prompting trillions of dollars in bailouts from the Federal Reserve (backed up by the taxpayer), and after the world hovers on the brink of total collapse for year after year, what does Fed Chairman Ben Bernanke decide to do in order to 'boost the employment rate' (or so we're told)? He commits the Fed to turning on the printing press in order to buy $40 billion of mortgage-backed securities every month from the very types of institutions that created the entire mess in the first place. That's right, not content to let the banks literally get away scott free with the biggest financial fraud in the history of the world (well, until Libor, anyway), the non-Federal un-Reserve then promises to buy as much of that MBS garbage from those very same banksters as they can print, every month, for the rest of eternity (or until employment picks up, whichever comes first).

What other conclusion is possible? The system is bought and paid for. The candidates are controlled. The regulators are owned. The criminals are in bed with the investigators. The system is corrupt from top to bottom. But this is nothing that you don't already know.

Most people think that criminals are irrational. Mentally unhinged. Bumbling deviants whose actions are, for the most part, inexplicable. On the contrary. If anything, they are ultra-rational. After all, the most rational response to an irrational system may itself look fairly irrational, and if the so-called “regulators” have made it explicitly clear time and again that the only risk that the criminals will face for defrauding the public is a complete bailout, record bonuses, and entire programs designed to prop up the very system that was at the root of their crime, what else would a rational criminal do but commit ever more brazen crimes? In a system that has divorced itself from the rule of law, what separates the criminals from the law-abiding is not rationality, merely morality. And there is very little of that to be found in Washington or Wall Street when cold hard cash is so much easier to come by.

The principles are the same in all of the great financial heists of recent times. Take foreclosuregate. The list of crimes potentially committed by the banks is as lengthy as it is damning: accounting fraud, loan origination fraud, robo-signing, forgery, tax avoidance, perjury. No one knows how much money was made from the scams, because no one even knows (or will ever be able to trace) who owes what, or even who owns what. Rather than bring the perpetrators to justice for their blatantly, openly illegal actions, the Obama administration persuaded key state AGs to go along with a $25 billion settlement deal. Well, not really $25 billion. After credits for principal modifications (which come from the mortgages owned by investors) and refinancing money, only $5 billion will actually be paid out. But the banks agreed not to break the law again, right? So all's well that ends well. Unless you're one of the homeowners who had their contract rights flushed down the toilet in the process, in which case you may be entitled to receive a whopping $1500 to $2000 for the minor nuisance of having your home illegally foreclosed on, your good name and your credit rating tarnished forever, and your dignity discarded in the gutter. Nothing that a couple thousand dollars won't smooth over, surely.

Or take the Libor scandal, a.k.a. the largest financial fraud in history. It's so large that no one knows exactly how large it is. Estimates of the value of the instruments that are based on Libor rates (and thus affected by the rigging that has gone on in those rates for years) run into the hundreds of trillions. It all gets a bit hazy after that. And of course there's the question of exactly how much the rates were manipulated by, and on what days, multiplied by the millions of individual instruments affected by those rates. Given the variables involved, the problem of calculating how much money was swindled from lenders or borrowers on any given day (let alone over the life of the scandal) becomes literally insoluble. Sounds like the type of scandal that would lead to the trial of the century, right? The kind of event that would be reported on diligently by hard-hitting journalists and watched over closely by a concerned public. The kind of scandal upon which political dynasties would rise and fall, the details of which would be hotly debated across the land.

Fat chance. Barely a few months old, the scandal is already retreating into the back pages of the financial rags, and has all but disappeared from public view. Now it's emerging that the banksters have a plan for beating the rap on this investigation: waiting until it goes away. The idea is not as absurd as it sounds. Given statute of limitations clauses, all the Wall Street bigwigs have to do is put off the investigators until the clock runs out and they'll be off scott free, just like the Goldman gang with their MBS crud. In an attempt to head this off at the pass, the Justice Department is asking the banks to sign so-called “tolling” agreements to allow the DOJ to press charges after the statute of limitations runs out. One can imagine a similar scene in the prohibition era Chicago: “Oh, pretty please, Mr. Capone, won't you agree to let us prosecute you?” It would be funny if it wasn't so pathetic.

All of this raises the question of why regulators are focusing their investigations on individual traders, anyway, rather than the institutions and executives who necessarily knew about the scandal and (at the very least) let it proceed? And are the so-called regulators really just gearing up to offer another “no admission of guilt, slap-on-the-wrist fine” sweetheart settlement to the banksters who are funding their bosses' political campaigns? One might as well ask a bear if he is planning to defecate in the woods. Sadly, the ending to this saga is a foregone conclusion. Some will lose their jobs. Some will pay fines. Some will grandstand and make political hay out of their supposed role in supposedly sticking it to the bad guys. But in the end, no one will go to jail.

The worst part of all of this is not that the criminals are committing their crimes. It's not that the politicians and regulators are in the criminals' back pocket and justice is nowhere in sight. It's that after each and every scandal the criminals and their cronies are able to make the case to the public that it all happened because the regulators just didn't have enough power. If we could just give more power to the regulators, if we could just get the right guys into political office, if we could just get the criminals to cooperate, then everything would be better. Sadly, so much of the public believes this, and are willing to go along with “reform” after “reform,” each one strangely failing to keep the banksters/criminals in check, and each one proceeded by bigger and yet bigger financial crimes.

Oh, crime pays alright. It might cost a bit to buy out the regulators and smooth the gears of justice, but in the end the criminals come out ahead. And that (combined with a complete lack of morality) is why they do it, again and again and again, and it's precisely why they will continue to do it until the public finally realizes that there is no regulator or politician going to come from the heavens to save the day and put everything back it its place. Maybe then they will finally, fully withdraw all of their business and support from the Big Banks and their cronies.

Still, it's a long way from here to there and there are too many people who are happy to go along with the system as it is because it's the only one they've ever known. It's enough to make you wonder: Where's The Shadow when you need him?
 By bluejay

09/22/2012  8:56AM

I guess it's who you know and whose political campaign you have handsomely contributed to. What else are we suppose to think?

From this morning's International Forecaster:

If only life were like an old-time radio drama. Unfortunately in this age of liar's loans and mortgagegate, robo-signing and QE Infinity, too big to fail and too big to jail, any pretense that the globalist financial system is based on the rule of law has long since been jettisoned. In the current environment, crime not only pays, it pays handsomely. And just as Adolf Hitler outlined the old principle of propaganda that 'the bigger the lie, the more likely people are to believe it,' the banksters of our age seem to have discovered a corresponding principle in the financial realm: the bigger the fraud, the more likely they are to get away with it.
Take the SEC/Goldman Sachs debacle from earlier this year. Back in February, Goldman received a Wells Notice. For those not in the know, a Wells Notice is a type of courtesy card from the SEC letting an institution know they may or may not be facing enforcement action for their alleged crimes. The charge in this case? Goldman's role in the mortgage backed security scam in the subprime mortgage crisis that led to the housing collapse of 2007 and the near total destruction of the global economic system. You know, that little problem? Goldman's role in this debacle was not a matter of conjecture. A Senate inquiry into the MBS scam laid it bare. As Senate Permanent Subcommittee on Investigations Carl Levin put it in a statement from the inquiry:
“Investment banks such as Goldman Sachs were not simply market-makers, they were self-interested promoters of risky and complicated financial schemes that helped trigger the crisis. They bundled toxic mortgages into complex financial instruments, got the credit rating agencies to label them as AAA securities, and sold them to investors, magnifying and spreading risk throughout the financial system, and all too often betting against the instruments they sold and profiting at the expense of their clients.”
Those are some pretty heavy accusations. So what proof did the Senate have to back up those claims? Goldman's own words. “Sounds like we will make some serious money,” one senior Goldman manager emailed his colleague at the start of the crisis. “Yes we are well positioned,” his colleague responded, referring to Goldman's strategy to sell the AAA-certified toxic garbage subprime MBS to customers and cover their posteriors by betting against those very securities in the derivatives market.
Open and shut case, right? Surely this type of behaviour has to be made an example of. Surely the agency in charge of regulating the institutions at the core of the global financial system would not let this type of conduct go unpunished? Surely, even if the investigation was not to end up in the trial of the century it would, at the very least, result in hefty fines and crippling sanctions against the institutions that helped to bring about the mess. Surely, at the very very least, there would be an obligatory slap on the wrist after a lengthy, headline-grabbing show trial?
Surely not. Last month the SEC announced there would be no criminal charges at all against Goldman. The vampire squid was free to go about its business, sucking the blood from the real economy, wrapping its tentacles around the levers of finance and releasing its inky smoke trail to deflect any would-be prosecutors.
So what is a rational response to this irrational decision?
“On the sixth month anniversary of the announcement of the so-called financial crisis task force, the twin announcements yesterday that Goldman Sachs and its executives will not be charged by either the SEC or DOJ for conduct directly related to the toxic assets at the heart of the crisis is a stark reminder that no individual or institution has been held meaningfully accountable for their role in the financial crisis. And without such accountability, the unending parade of megabanks scandals will inevitably continue.”
 By Rick

09/21/2012  6:45PM

I'd never heard Rita Hosking sing before, a small pot-luck group-of-us pickin' in Joe-Bob's backyard.

Late in the evening, Sean suggested she sing one. She picked up a guitar and blew me away.

Wait...Rita sings? Okay, this'll be cool. Jay and Mary were there too.

I'd never heard a voice like that in my entire waking state, but had heard it in my dreams.

The longest most cherished years of my life, which amount to only two years there in a small mountain community below Hatchet Mountain, were the most impressive years of my life.

Rita's voice. Cutting, stark, beautiful, true, back porch.

She grew up just over the mountain.
 By Rick

09/17/2012  5:52AM

Crawling among the rubble with
Silence as my guide
Starkly more still
'Til I push the pile aside

Forever struck by the

Darker than dark when
I shut down the lamp.
Still. Silence.
Deep within this awesome mine!

Such times rarely come along
To stand among such glory
Of quartz and wet and rubble...
Yet beneath my feet
Quartz breaks the silence!
 By bluejay

09/16/2012  10:12AM

“If we have an economic crisis in the Western world it’s because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people’s freedom."

Marc Faber
 By bluejay

09/13/2012  11:45PM

Martin Armstrong voices his opinions concerning recent Fed actions and it's not pretty.

 By bluejay

09/09/2012  10:03AM

Comments by G. Edward Griffin at the recent Casey-Sprott Summit in Carlsbad, California along with a few others:

Griffin makes no secret of his conviction that the Fed is a criminal organization, engaged in the legalized plunder of the American population. Through excessive money printing and the ensuing inflation, the Fed is basically imposing a massive tax. It's a stealth tax, says Griffin – but as old Will so aptly stated, a rose is still a rose by any other name.

The public, says Griffin, has been completely hoodwinked as to what's happening, namely that they are being robbed on a massive scale. Since the gold standard was abandoned in 1971, the dollar has lost 80% of its value. If this kind of larceny had been done out in the open – say, by the government imposing an 80% income tax for 40 years – we would have had another "Off with their heads" French Revolution in Washington a long time ago.

If Griffin's arguments left any shreds of trust in the US government, they were swept away by the Hoover Institute's Peter Schweizer. Schweizer, author of the instant best-seller Throw Them All Out, demonstrated how members of Congress can arrive in Washington as middle-class citizens and leave a few years later with millions in the bank. Their "secret of success": due to convenient loopholes, it is perfectly legal for our nation's finest to act and trade on insider information they hear in closed-door meetings. Accordingly, the crash of 2008 that nearly bankrupted many ordinary investors, says Schweizer, made a lot of legislators from both sides of the aisle a fortune.
 By bluejay

09/07/2012  11:14AM

South African government senselessly out of control

 By bluejay

09/06/2012  10:35PM

September 6, 2012
The words of Jim Willie

"The Hippocratic Oath dictates never to do harm to the patient. The central bankers instead take the Hypocritical Oath that dictates to cripple the patient, to drain the blood, to preserve power by tightening the straps, to erode buying power from hard work, and to render life savings a weak shell, while whispering lies in the ears on blame for what went badly wrong, against the background din of endorsed war themes. The effectiveness of the latter oath is seen in the systemic failure of the USEconomy, whose financial and economic structure has been destroyed by bad economic policy, the poor paper financial foundation from the monetary system, corrupt bond market practices marred by $trillion frauds, and a marriage between the state and sanctioned large corporations whose only efficiency is seen in dark corners protected by criminal impunity. The Fascist Business Model showed itself in bold terms in the 1990 decade, in the strengthened links between state and major corporations, where inefficiency, favoritism, and corruption produce the bitter fruit of a sclerotic financial structure and weakened body economic. The Gold price responds to the systemic failure of the ruinous financial and economic policy, aggravated by the devoted ghoulish doctors and their perverse solutions that neither fix anything nor attempt to apply remedy."
 By Rick

09/06/2012  6:59PM

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.
 By bluejay

09/06/2012  11:29AM

Jim Sinclair’s Commentary

On the subject of wealth and spirit:

Earning wealth is one of the legitimate objectives of human endeavor, without a doubt. It is one of the four objectives of every human life, the four being – righteousness, earning wealth, desire and liberation. The order they are mentioned in, has a purpose too. Righteousness has to direct and control the process of earning wealth and liberation has to be the regulating factor for one’s desires. All wealth accruing through unrighteous means is to be treated with contempt as unworthy. All desires that do not subserve the one supreme need for liberation are to be given up as beneath one’s dignity. So the spiritual basis of righteousness and liberation must be the root of both the pursuit of wealth and fulfilment of other desires.
–SSB 1966
 By Rick

09/05/2012  8:55PM

Wisdom 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.
 By Michael Miller

09/03/2012  12:34PM

I’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.
 By Michael Miller

09/02/2012  9:53AM

I 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.
 By David I

09/02/2012  2:13AM

I think realastate is a good investment, along with gold. By low as it is now. and just wait. It will go back up.
 By martin newkom

09/01/2012  10:23AM

If 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.
 By bluejay

09/01/2012  8:21AM

Save 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.
 By bluejay

08/31/2012  1:58PM

Beware 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.
 By martin newkom

08/27/2012  10:39AM

Looks like the age-old addage is
applicable: "Don't trust anybody
even your own father or family.

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© 2017 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910

(530) 287-3223      
(530) 287-3455

      Gold Sales:  

(530) 287-3540


Design & development by
L. Kenez