October 21, 2018 

Ideal Time for Facts


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 By Rick

09/10/2009  8:23PM

Let's all remember our chemisty, our history and especially remember our adversaries.

All elements present in our environment pre-date humans.

We mortal animals shouldn't try to spin it any other way. Otherwise, we'll look like idiots. After all, compared to 4.6 billion years......
 By chuck2251

09/10/2009  7:53PM

Fact Sheet on Mercury Pollution from Coal-Fired Power Plants in Kansas

Prepared by Kansas Chapter, Sierra Club - 10-06-06

Summary. Coal fired power plants are currently the largest single source of airborne mercury emissions in the United States. Airborne mercury emissions travel tens to hundreds of miles before depositing, primarily in rainfall, into lakes and streams where it accumulates in fish that may be eaten by people. This adds to uptake via seafood consumption. The EPA recently announced that 1 in 6 women of childbearing age in the US have blood mercury levels that could be harmful to a fetus. Fish mercury levels in Kansas lakes have been increasing.
 By Rick

08/06/2009  7:16PM

Who is John Galt???
 By bluejay

08/06/2009  3:26PM


Past civilizations have one thing in common, their politicians were mostly all just looking out for themselves and not for the interests of the people who elected them.

Most of our "so called" representatives are attorneys. What does that tell you? It tells me that they know better than anyone how to abuse our rights and steal from us.

One just has to be aware of what our politicians have allowed to happpen to us with all these recent bank bailouts. Where did the money come from and who got it? The so-called over-extended weak banks should have been allowed to tank but, oh no, they were the politician's friends.

Until the people put a stop to all of this mismanagement and corruption we'll continue going down this road in becoming another banana republic and ANOTHER failed civilization, eventually.

Politicians are notorious for ruining past civilization's currencies. I just finished viewing on youtube many accounts of locating sunken ships that went down in the 1700's. There were no signs of anything positive that the politicians accomplished from those days aboard, only gold and silver produced by the miners and other relics. What does that tell you? It tells me that the politician's accomplishments can't survive the test of time but gold and silver do.

Ahoy mates! Our current day pirates are the politicians who indirectly manufacture all of the fiat Monopoly money plus trample on our rights.

What would you prefer digging up in your backyard, a chest full of 1700 currency issued by a defunct central bank run by rank politicians or 1700 mined gold and silver?
 By Rick

08/05/2009  4:26PM

I'm dying to know....was my question so simple and the hypocricy of the Water Board so great that nobody wants to say anyhting???
 By Michael Miller

08/05/2009  7:52AM

Yes, please spread this to the people who can shatter ignorance or make changes. The Sixteen to One mining gold is the finest way (as are others) to improve GDP. Gold production creates new wealth and as importantly and socially, it spreads the new wealth initially to the workers, you know, those blue-collar guys who really need jobs. The miners will pass this newfound “money” around the rural communities, eventually reaching the cities. Each passing will get taxed, so a ppm will find its way to the coffers in Sacramento and Washington D.C. until it all disappears into services. BUT as the mine keeps on producing, its gold production becomes “sustainable wealth”, which continues to increase America’s GDP. Pretty simple economic concept for those folks in power to realize and support.
 By Rockroby

08/05/2009  6:39AM

Sorry to read the mine is still getting harassed,Is it ok if I print this out and take it down to some of my elected officials?
Good news is people are getting feed up with whats going on & it seems their is a movement to vote some of these people out of office.
Stand tough their are people pulling for the Sixteen to One
 By martin newkom

08/04/2009  2:36PM

All this regulation as herein
described creates jobs for the
governmentally inclined and
thereafter tightens the gov't
regulatory control "noose".
 By Rick

08/03/2009  8:10PM

(First off, Mike, re-post your message right after this.)

Deaf dumb and blind....refers to the public. All of you out there who are asleep.

It also is a perfect description to what the pathetic public officials who sit on the CRWQCB expect you to be....sum it up and they expect everyone to be not only deaf dumb and blind (that would be a compliment)...no, they want you to be STUPID.

We're not stupid, and anyone else who takes the time to recognize the answer to this simple question isn't either...

"If the levels of natually occuring elements are the same upstream as downstream from the mine in Kanaka Creek, what's the problem?"
 By bluejay

06/23/2009  9:08AM

It seems with California falling apart that it would make some sense to support an industry like gold mining that continues to have a bright future in order to create some jobs in order to shore up a crumbling taxpayer base.

One only has to look to Quebec to see what is possible in building up a taxpayer base with incentives to the mining industry.

I was unable to link the following report concerning today's miserable economic condition in California. So, here it is in its entirety:

California collapsing. US Economy Next
posted on Jun 23, 09 01:21AM
src="http://www.truthin2008.org/debtclockwidget.swf" type="application/x-shockwave-flash" height="120" quality="high" width="350">
Monday, June 22, 2009
California collapsing. US Economy Next
California Collapsing

by Martin D. Weiss, Ph.D. 06-22-09

Washington and Wall Street seem to be treating California as if it were a sideshow in the financial circus of these turbulent times.

It’s not.

California is home to the largest manufacturing belt in the United States and to Silicon Valley, the nation’s largest high-tech center.

California is America’s most populous state with 38 million people. Its GDP of $1.8 trillion is the largest in the U.S. Its economy is bigger than those of Russia, Brazil, Canada, or India.

And it’s collapsing.

Major California counties are ground zero in the continuing mortgage meltdown:

Los Angeles County with 5.32 percent of mortgages 90 days past due … Monterrey County, 8.02 percent … Imperial, 8.13 … San Bernadino, 8.66 … Madeira, 9.21 … San Joaquin, 9.53 … Riverside, 10.2 … Merced, 10.57 … and more!

California’s inventory of foreclosed homes is skyrocketing. Home prices are plunging. And the impact of surging unemployment is just beginning to show up in the data …

Worst Unemployment in 64 Years

The state’s unemployment rate has surged to 11.5 percent, the worst since World War II.

Last month, California lost 68,900 jobs. And since July 2007, it has lost 859,000 jobs, including 739,500 just in the past 12 months.

Even if the economy recovers, an unlikely scenario in my view, economists agree that California will continue to be slammed by layoffs, at least through the end of this year and probably well into 2010.

And even assuming a national recovery, UCLA’s Anderson Forecast projects an average unemployment rate of 12.1 percent from this fall through next spring.
What about without a national recovery? California’s jobless could go beyond 15 percent.

Worse, if you include part-time workers seeking full-time work plus workers who have given up looking entirely, it could reach 25 percent, exceeding the worst national unemployment levels of the Great Depression.

“Our wallet is empty.
Our bank is closed. And
our credit is dried up.”

These are not the words of a Dr. Doom in New York or a forlorn banker in Georgia. They represent the confession of Governor Arnold Schwarzenegger before a rare joint session of the California legislature … and with no exaggeration!

The state faces a stunning $24.3 billion budget deficit, even assuming no significant deterioration in the economy from this point onward. And the state has lost virtually all hope of President Obama declaring, “California is too big to fail.”

California State Treasurer Bill Lockyer tried to make that argument to Washington, and did so with great vigor. But he was rejected. After the long line-up of failed companies with hat in hand in recent months — on the steps of Congress or the White House lawn — some folks in government finally appear to have learned how to just say “no.”

“You’re on your own,” is the message from the president to the governor. “Beyond your share of the stimulus package, that’s it! No more!”

Result: The inevitability of massive state cutbacks, including large numbers of state jobs getting axed — all while the California jobless rate is already 11.5 percent.

How many state jobs are in jeopardy? Right now, Schwarzenegger is proposing laying off 5,000 state employees, as well as slashing education and social welfare programs. But the Anderson Forecast projects that Schwarzenegger’s budget cuts will eventually result in 64,000 job cuts from state government plus countless private-sector and local government jobs.

Massive Downgrades Coming

California’s credit rating is already the lowest among all U.S. states.

But with Moody’s, S&P, and Fitch still greatly influenced by massive conflicts of interest, it’s not nearly low enough.

And sure enough, on Friday, Moody’s tacitly admitted as much, announcing that it may have to cut California’s rating by several notches in one fell swoop!

Standard & Poor’s put California on watch for a possible downgrade a few days earlier. Fitch did the same May 29.

The big problem: Once downgraded, California’s rating is likely to fall below the minimal level legally required for most money market funds, forcing these funds to dump California paper posthaste.

Moody’s wrote:
“If the Legislature does not take action quickly, the state’s cash situation will deteriorate to the point where the controller will have to delay most non-priority payments in July. … Lack of action could result in a multi-notch downgrade.”

But lack of action is precisely what Sacramento is now becoming most famous for. In fact, in their latest scuffle, Democrats proposed a budget that would raise $2 billion from cigarette taxes and oil companies. But the governor promptly vetoed the plan. So now Sacramento is in a new, escalating battle over the deficit just weeks before the state is expected to run out of cash to meet payroll and other bills.

State officials continue to insist that a state default is unthinkable … much like GM executives said their bankruptcy could never happen.

In my view, there is a very HIGH probability that California will default.
It’s obvious its debt merits a junk bond rating from every Wall Street rating agency.

And it’s equally obvious that the ratings agencies are artificially inflating the rating, stalling downgrades, and grossly understating the risk to investors.

My recommendations:

1. If you wait for Moody’s or S&P to act, it could be too late. Even if you can’t get what you might consider a good price, sell all California paper now!

2. Seriously consider dumping all tax-exempt bonds. I know the income is better than equivalent Treasuries. But if California defaults, it could set off a chain reaction of bond price plunges and defaults throughout the municipal bond market.

3. Don’t underestimate the impact California’s depression is having — and will continue to have — on the rest of the U.S. economy. At $1.8 trillion, the state’s GDP is so large, any further deterioration could wipe out every so-called “green shoot” in the national economy seen to date.

4. Stay safe, with a big portion of your nest egg in cash, tucked away in short-term Treasury bills … and with a very modest portion in gold, as an insurance policy against a dollar decline.

Good luck and God bless!
 By Rick

06/16/2009  5:00PM

Somehow I knew when I wrote that, I wasn't referring to the readers of this web-site. It is why the spirit is strong, despite the crap. Dave, you've stated it more concisely that I did, direct and to the point.

Foremost is the challenge: how to awaken those who willingly drink the coolaide.
 By Dave I.

06/14/2009  10:28PM

No we are not a sleep, but it is a responsibility of those who see the attempt at a communistic take over of our society, to challenge and expose the threat for what it is. To slow it down till the next election of Congress and use the threat of the communistic threat as the need to replace the present representatives.
 By Rick

06/14/2009  8:37PM

Ayn Rand's 'Atlas Shrugged' is timeless. Everyone should go find it, buy it and at the very least start reading it for the exact parallel written in 1957 for what is unfolding in front of us in 2009. An astonishing parallel and warning.

Written when the Eastern Socialist-Communist block was becoming an established force....it is a mirror to today:

Evidence as soon as the 20th page of this 1169 page realty check is so stark, it confirms that the "worry" from 52 years ago is an immediate reality threat to our freedom today, and everyone seem to accept it and is asleep.

Get a copy and read it.

I'll personally send a copy to anyone who can't find one, just ask.
 By bluejay

06/10/2009  3:18PM

The provided link below is to an educational article by Martin Armstrong of Armstrong Economics entitled, The Coming Great Depression, Why Government Is Powerless.

 By Michael Miller

06/09/2009  11:43AM

I currently find snippets in articles about investments that brings back memories of the fourth global American gold rush and the only one during my lifetime. The first great gold rush (1849) to the newly discovered California wilderness united our vast continent under one rule, language and currency. Historians claim it was the largest human non-warring migration (figures as high as 200,000).

Alaska was the site of America’s second major gold rush (1986-1899). What a struggle it must have been.

President FDR drove the politically initiated third American gold rush (1934). Writers always report that was when the fixed price of gold rose from $20.67 to $34.00 per ounce. Output production records rather than a mass movement to “discover” fresh gold deposits for exploitation best defines the rush. WWII killed the gold mining industry and post war inflation smothered its return to pre war conditions. What no one remembers and what I never learned in school also happened with the 1934 legislation. Americans were prohibited to own gold other than gold in coinages. Even as an Economics major at UCSB, that tasty item of western free market capitalism was ignored.

The fourth American gold rush was based on the politically driven decisions of 1934. President Nixon did not arbitrarily increase the “value” of an ounce of gold; the government cut the shackles of restrictive ownership by our citizens. In other words gold was set free to reach an exchange value with dollars and it quickly surged to new heights.

Bingo! Our local papers, the Downieville Mountain Messenger and the Grass Valley Union featured the spot price of gold on its front pages…with every edition. It was big news because this is gold country. Grass Valley is the location of California’s largest gold producer, the Empire Mine. Sierra County is the home of the Alleghany Mining District with the oldest gold Company and longest producing mines. Everywhere people gathered the biggest topic of conversation was gold. The year was 1975 and the rush lasted through the early 1980’s. Manic investors, miners and con men tromped north and south along the 200 mile California gold belt in the Sierra Nevada Mountain range. It was exciting.

One of my favorite recollections that depicts a prevailing attitude during America’s awakening to the value of gold happened in Alleghany. The Sixteen to One was looking for working capital. A Sacramento bank president drove up to see the mine. During our conversation the price of gold came up. He wanted to know my opinion. Will it go up or down? I don’t know the answer to that question. He said something about the all time high in 1980. “Those in gold production thought it was an anomaly, an over zealous feeding frenzy”, was my reply. I vocally wondered who were the buyers during the January spike. Well, he told me that he was one and bought gold at its high. He waited for months, hearing about gold, watching it steadily increase in price and jumped in at the top. Was he an anomaly or does he represent the bankers and other cautious investors?

The stage is set for another rush. Think about it. What will it take for serious people to test their mettle with gold. Maybe it is mining the stuff or speculating on its present/future price. Maybe it will be viewed as a safe haven for previously acquired wealth. Some will just gamble, an act that neither others nor I who deal in gold production practice. Risk takers and gamblers are different.

The latest reason an investment guru says for putting ten to twelve percent of your investment into gold was this. Gold does not return interest. Banks and government investments now earn low interest. Jean-Marie Eveillard told Bloomberg news today why his fund is about 10% invested in gold and gold mining securities. “It’s insurance to protect against the fact that current policies by American government and the FED are potentially wildly inflationary.” (Nothing new and exciting here.) His novel idea is gold pays no interest and banks pay nearly no interest. You can print money but you cannot print gold. So, you don’t lose because of gold’s non-interest bearing condition. I’m not saying this will launch gold into a buying frenzy but somewhere the president of some bank is watching gold, waiting on the sideline before he jumps in…at the top.
 By bluejay

06/09/2009  9:17AM

Gold Bugs At Last Have Their Perfect Trinity

China has doubled its bullion reserves and left us in no doubt that it will spend more of its $40bn monthly surplus on hard assets rather than the toxic paper of Western democracies.

By Ambrose Evans-Pritchard
Published: 9:36PM BST 23 May 2009

The world's top hedge fund manager John Paulson has built a gold position of at least $5.5bn, the biggest such move since George Soros and Sir James Goldsmith bet on Newmont Mining in 1993.

Britain has become the first of the Anglo-Saxon "AAA" club to face a downgrade. As feared, the cancer of bank leverage is spreading to sovereign cores.

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Gold: longest losing streak since AugustGold prices tend to slide in late May and languish through the summer, because of the seasonal ups and downs of jewellery demand. The trader reflex would be to short gold at this stage after its $90 vault to $959 an ounce over the past month. They may think again this year.

Paulson & Co has bought $2.9bn in SPDR Gold Trust, the biggest of the gold exchange traded funds (ETFs), which now holds 1106 tonnes − three times the Brown-gutted reserves of the United Kingdom.

Mr Paulson has also built up a $2.3bn holding of Anglo Ashanti, Goldfields, Kinross Gold, and Market Vectors Gold Miners. The fact that he is launching a "Paulson Real Estate Recovery Fund", reversing the bet against sub-prime securities that made him rich, tells us all we need to know about his thinking. This is a liquidity-reflation play.

He may be wrong, of course. In his early fifties, he belongs to the baby-boom cohort most psychologically vulnerable to the 1970s "paradigm-error". And perhaps he has never lived in Japan.

It is striking how many of those most alert to the deflation danger are either veterans of Japan's Lost Decade or close students of it: Albert Edwards at Société Générale, Russell Jones at RBC Capital, Nobel laureate Paul Krugman, the Fed's Ben Bernanke, and Athanasios Orphanides, who helped draft the Fed's study on the Japan trap. "People always thought Japan's bond yields had to rise, but they kept falling and Japan is still not really out of deflation," said Mr Edwards. Indeed, 20 years after the Nikkei peaked at over 39,000 it stands today at 9,280. Interest rates are 0.01pc. The yield on two-year state bonds is 0.34pc. Still there is not a whiff of inflation.

A number of readers have written to me in tones of polite reproach asking why I fret about deflation when governments everywhere are spending and printing as if there was no tomorrow. I admit to being tortured by self-doubt, like others grappling with this extraordinary situation.

What we know is that inflation is already negative in Ireland (-3.5pc), China (-1.5pc), Thailand (-0.9pc), Korea (-0.5pc), US (-0.7), Japan (-0.3), Switzerland (-0.3, Spain (-0.2pc). The eurozone may be negative by July. Alistair Darling said Britain's retail RPI inflation used to set wage deals will be minus 3pc by September.

Does this constitute deflation in a meaningful sense? Not yet, perhaps. But it is moving too close for comfort in a world stretched by extreme leverage. The economies of the US, Japan, the eurozone, and Britain have been contracting in "nominal" as well as "real" terms – which smacks of the 1930s.

The "yen GDP" of Japan has shrunk by 10pc in one year; the "euro GDP" of Germany has shrunk 6.2pc, and Italy's by 4.7pc ; the "dollar GDP" of the US has shrunk 3.3pc. Debts are not shrinking, however.

GMO's Jeremy Grantham says in his latest note, Last Hurrah And Seven Lean Years, that the market value of equities, houses and commercial property in the US reached $50 trillion in the boom. This "perceived wealth" sustained $25 trillion of debt.

The crash has cut this wealth to $30 trillion, but the debts are still there. America's debt-gearing has exploded, as it has in the UK and Europe. This looks awfully like Irving Fisher's "debt deflation" trap of 1933. It will be a long slog for households to bring their debt-to-wealth ratios down to manageable levels.

You can argue – as do UBS, Merrill Lynch, ING, and Capital Economics, to name a few – that massive global stimulus is merely struggling to off-set a massive deflationary shock.

So how will gold fare in a "Japanese" stalemate world where neither inflation nor deflation gets the upper hand? The eight-year rally that has lifted gold from $254 to $959 may lose momentum for a while.

"The air is getting thin up here," said John Reade, precious metals guru at UBS. "Rich investors are no longer rushing out to buying gold bars as they did after the Lehman collapse. Still, we think it is highly significant that both China and Russia – two of the biggest holders of foreign reserves – are both buying gold," he said.

Personally, I remain a gold bug out of fear that the most corrosive phase of this crisis lies ahead. There are two more boils to lance: Europe and China. As the IMF keeps telling us, Europe's banks are still covering up their vast toxic debts. Nor has the G20 begun to address the root cause of the global crisis, which lies in excess exports from East (aided by currency manipulation) to an over-spending West. China is putting off the day of reckoning with its crisis response, which is to build yet more plant to flood the world with yet more over-capacity.

For "political bears" the risk is that the EU polity fragments under strain, and that governments restrict basic markets to defend themselves – whether by imposing exchange controls to stop bond flight, or shutting derivatives markets used as hedges, or putting up trade barriers. We will find out if and when unemployment hits 10pc in America, 12pc in Germany, and 20pc in Spain, or if migrant workers rampage in Shenzhen.

Some call this the "Armageddon case" for gold. That is going too far. However, gold has outperformed Wall Street's S&P 500 index by 500pc so far this century, as if able sniff out trouble in advance. Such runs tend to finish with a "parabolic" blow-off before they die. Mr Paulson may yet make another fortune, whatever his reason.
 By martin newkom

05/28/2009  1:26PM

Two great sayings:
Yoga Berra: When you come to
a fork in the road, take it.

It aint over until it's over.

Best of "BIGRE!"(fr) nuggets to all.
 By Dave I.

05/25/2009  1:53PM

I regret to inform that Sb 670 is alive and well, I believe there is a sense in the state Legislature to get even against the people for voting down their pay raise. Is this a new concept for California of Government against the people?
 By Rick

05/22/2009  7:55PM

Thanks for chiming in again, everyone.

What are we going to do? Here're some thoughts.

I've decided to engage any of friends who have a big glass of cool-aide in front of them to think twice. Currently I have a few ongoing email discussions with political adversaries who have written to me listing their "fears" of conservative takeover and "concerns" for un-caring policies of the freedom wonks.

Yes, there is actually a profile offered on FaceBook that allows one to take the "Test: what kind of Republican would you be?"


And everyone is having a big hoot about which idiot republican they would be, based on their answers.

Yesterday I read one that referred to "That nebulous thing called freedom."

I'm serious. There is actually a group and groundswell of modern neo-statists who are considering "freedom" something to laugh at.

Go look for yourself. Pull up a Google search for 'FaceBook, What kind of Rebublican would you be'...and see what happens.

Cool-aid city.
 By Michael Miller

05/22/2009  11:31AM

An insightful piece of writing, thank you Bluejay, for finding it. It brought a smile to my face and hope in my soul that our precious company in one of the world’s highest-grade high-grade deposits will become of interest to people about gold. An understandable (not necessarily true) outtake on the junior gold companies was that the exploration phase of mining has the sizzle and potential huge stock appreciation over the gold producers. Gold investment writers’ touted exploration would lead to a take over by major, sending stock prices through the roof. It developed into a belief that once a company began production, financial forecasts became dull and predictable.

The flaws in this opinion are obvious: evaluate the risk/reward for dollars spent; start up time and infrastructure costs befitting the proposed deposit, corporate overhead is usually hidden from the grade of ore/cost of mining analysis, dependence on others and mobility.

Ray Wittkopp has great stories about some of the gold mining capitalists he worked with in Nevada that followed the behavior of industry heroes. Move quickly, cut the check, the future is ahead and the past instills wisdom. The big mining companies have been bogged down for years, successful but few of their leaders have the spirit of what made mining a proud and vital industry. I don’t see significant changes even though the article below takes a reader along the path to the future.

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