December 1, 2015 



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 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.
 By bluejay

08/25/2012  2:21PM


Customer Deposits Are Property of the Bank: Close Your Account NOW

Susanne Posel, Contributor
Friday, August 24, 2012

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”

These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM). This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”

Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.

When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft. The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, or depositors and retirees who hold accounts in banks. In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.
 By bluejay

08/25/2012  11:56AM

Just in from Jammes Corbett, an excerpt from today's International Forecaster:

And this is the point to keep in mind: the game is rigged. No matter how we play, the banksters win. Sometimes they win big, sometimes they win small, but each time the roulette wheel is spun, the banksters will take their cut. And once again we find that the only way for the people to win this rigged game is not to play it. To remove our savings from their institutional financial framework and store it in precious metals. To help support the creation of local alternative currencies. To support local farmer's markets and community-based initiatives. To simply remove ourselves from the system. In the end, this is the only thing that the banksters really fear, and the only way they can lose.

Maybe it's time we started thinking big for a change.
 By bluejay

08/24/2012  10:41AM

Recent comments by Martin Armstrong:

It is true that one begins to wonder what is going to happen to the human race. Technology keeps on advancing with greater and greater power, either for good or for destruction, as government desires to eliminate all rights, privileges, and immunities. But this is part of the cycle that constantly repeats. Government is the enemy of the people. Historically it always has been. They seek only one thing, power over others. They will do anything to retain that power. For they cannot sleep at night worrying that someone has something they want or is doing something they do not approve of. This is part of a long cyclical process where government is always the great evil empire for it ultimately always seeks to dominate the people regardless of what form it has taken.
 By bluejay

08/22/2012  11:00AM

This is certainly worth the read:

Written by Jeff Nielson Wednesday, 15 August 2012 11:50

For approximately three years; our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with “austerity” in order to continue making full interest payments to the Bond Parasites – at any/all costs.

Following three years of this continuous, uninterrupted failure; Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain, and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.

Now in what may be the greatest economic “mea culpa” in history, we have the media admitting that this government/banking/propaganda-machine Troika has been wrong all along. They have been forced to acknowledge that Iceland’s approach to economic triage was the correct approach right from the beginning.

What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail-out the criminal Big Banks – at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.

The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).

The bankers told us that our governments “could no longer afford” the same education, health-care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country “could no longer afford” was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after 3+ years of this absolute dichotomy in economic policy-making a clear picture has emerged (despite the best efforts of the propaganda machine to hide the Truth).

In typical fashion, the moment that the Corporate Media is forced to admit that it has been serially misinforming us for the past several years; the Revisionists are immediately deployed to rewrite history:

…the island’s approach to its rescue led to a “surprisingly” strong recovery, the International Monetary Fund’s mission chief to the country said. [emphasis mine]

In fact, from the moment the Crash of ’08 was orchestrated and our morally-bankrupt governments began executing the plans of the bankers I have written that the only rational strategy was to put People before Parasites. While I wouldn’t expect national policy-makers to take their cues from my own writing, when I wrote out my economic prescriptions for our economies I didn’t base my views on compassion, or simply “doing the right thing.”

Rather, I have consistently argued that it was a matter of simple arithmetic and the most-elementary principles of economics that “the Iceland approach” was the only strategy which could possibly succeed. When Plutarch wrote 2,000 years ago that “an imbalance between rich and poor is the oldest and most fatal ailment of all Republics” he was not parroting socialist dogma (1500 years before the birth of Socialism).

Plutarch was simply expressing the First Principle of economics; something which all of the modern capitalist economists who followed in his footsteps have based their own theories upon. When modern economists produce their own jargon, such as the Marginal Propensity to Consume; it is squarely based upon the wisdom of Plutarch: that an economy will always be healthier with its wealth in the hands of the poor and the Middle Class instead of being hoarded by rich misers (and gamblers).

So when Bloomberg’s Revisionists attempt to convince us that Iceland’s strong (and real) economic recovery was a “surprise”; this could only be true if none of our governments, none of the bankers, and none of the media’s precious “experts” understood the most-elementary principles of arithmetic and economics. Is this the message Bloomberg wants to convey?

What is even more disingenuous here is the congratulatory tone in this exercise in Revisionism, since nothing could be further from the truth. As I detailed in a four-part series one year ago, the campaign of “economic rape” perpetrated against the governments of Europe over the past 2 ½ years (in particular) has been expressly designed to take away “the Iceland option” for Europe’s other governments.

One of the reasons for Iceland being able to escape the choke-hold of the Western banking cabal is that it’s economy (and its people) still retained enough residual prosperity to tough it out -- as the banking cabal tried to strangle Iceland’s economy as retribution for rejecting their Debt Slavery. Thus Austerity has been nothing less than a deliberate campaign to destroy these European economies so that the Slaves would be too economically weak to be able to sever their own choke-holds. Mission accomplished!

One can only assume that neither the Corporate Media nor their Banker Masters would have allowed this clear acknowledgment that Iceland was right and we were wrong to appear within its own pages, unless it felt secure in the knowledge that all the remaining Debt Slaves had been crippled beyond their capacity to ever escape this economic oppression.

Indeed, for evidence of this we need only look to Greece: the one other European nation where there had been “rumblings” (i.e. riots) aimed at toppling the Traitor Government which served the banking cabal. After two elections, the combination of fear and propaganda bullied the long-suffering Greek people into choosing another Traitor Government – which had expressly pledged itself to reinforcing the bonds of economic slavery. When the Slaves vote for slavery, the Slave Masters can afford to gloat.

Here, the purpose of this Bloomberg propaganda was not to praise Iceland’s government (when both the bankers and Corporate Media despise Iceland with all of their considerable malice). Rather, the goal of this disinformation was to manufacture a new Big Lie.

Instead of the Truth: that from Day 1 Iceland’s approach was the only possible strategy which could have succeeded, while our own governments chose a strategy intended to fail; we get the Big Lie. Our Traitor Governments were acting honestly and honourably; and Iceland’s success and our failure was yet another “surprise which no one could have predicted.”

We saw precisely the same Revisionism following the Crash of ’08 itself, where the mainstream media trotted out all their expert-shills to tell us they had been “surprised” by this economic event; while those within the precious metals sector had been predicting precisely such a cataclysm, in ever more-assertive terms, for several years.

The real message here for readers is that when an economic strategy of People before Parasites succeeds that there is nothing the least-bit “surprising” about this. As with all the remainder of the world around us, promoting the health of Parasites is only good for the Parasites themselves.
 By bluejay

08/18/2012  10:15AM

From this morning's International Forecaster:

In recent news Monsanto, the leader in genetically modified foods "GMO's" has in the last week along with Dupont, donated around $6.8 million dollars in hopes of crushing the ability of activists in California to get a majority of voters to pass Proposition 37, which would require genetically modified foods to be labeled as such.

Monsanto itself has donated $4.2 million to serve its purpose in its pursuit to oppose the new law. The No on 37 spokesperson Kathy Fairbanks told the associated press that Prop 37 leaves consumers with an incorrect impression that there is something wrong with GE crops(hello).

We should take note that anytime multibillion dollar chemical companies with strong GMO ties, such as Dow Agrosciences or Dupont, join the forces in which cold shut down a bill such as Proposition 37 in which we as the public would be able to choose less genetically modified food as part of our daily diet, if the bill were to pass legally forcing food to be labeled as GMO, maybe Monsanto, Dow, and Dupont should eat their own genetically modified garbage as has been mentioned in an article not too long ago that the employee cafe at Monsanto intentionally has as few GMO products on the menu as possible per company request.

That in of itself has to say something about what they think about the benefits or lack there of in their own genetically modified foods.
 By martin newkom

08/18/2012  9:37AM

With regard to the hydraulic min-
ning litigation years ago, there was formed the "Calif. Debris
Commission" which functioned as
an "arm" of the Army Corps of
Engineers for formulating methods
to hold the dirt and sand from the
mountains being washed down by the big "monitor" hoses and nozzles.Two dams for that
purpose were built on the Yuba River: The first was Daguerre Point in the early 1900's and then Englebright Dam in the 1940's in Nevada east of Smartville. Also in his memoirs
Gen Douglas MacArthur mentioned
that he was assigned to the Calif. Debris Commission soon after his graduation from West
 By bluejay

08/17/2012  9:17AM

From the Telegrph

South African police say they were forced to fire on striking miners, killing 34

South Africa's police were forced to open fire on striking miners with live rounds because they were charged by armed men and compelled to “defend themselves”, the national police chief said on Friday
 By bluejay

08/16/2012  11:59AM

U.S. Government Debt Grows $10 Million a Minute
 By bluejay

08/16/2012  11:33AM

South African riot police open fire on miners.
 By bluejay

08/14/2012  11:50AM
 By bluejay

08/13/2012  8:18PM

We should take a deep look into who are the responsible ones that allow this sad financial "Wild West" show to continue while it continues to drain the resources of society.

By Greg Hunter’s

Dear CIGAs,

Professor William Black is an outspoken critic of Wall Street. Black, a former bank regulator and professor of law and economics, says, “Outright fraud caused the great recession, and they are able to do it now with impunity.” Not a single financial elite that caused the crisis has gone to jail. Because laws are not enforced and crooked bankers are allowed to do whatever they wish, Black says, “Each crisis is getting bigger by an order of magnitude.” Meaning, the next financial meltdown is assured to be much greater than the last. According to Professor Black, “Just the household sector lost $11 trillion, a trillion is a thousand billion.” He goes on to say, “You can get to the point where even the United States could be thrown into a long term collapse scenario.” When I asked, “Any day something could happen and we could be in another collapse?” The Professor unequivocally replied, “Yes.” Join Greg Hunter as he goes One-on-One with Professor William Black.

The above is an excerpt from an interview on youtube available at

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