December 11, 2018 
 Tuesday 
 
 

Forum
Topic:
Ideal Time for Facts

       

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 By martin newkom

11/25/2009  4:41PM

I've been informed today from
CNBC that the gold price went
up because India was thinking
of or may have bought more
gold, maybe another 200 tons
metric from the IMF today.
 By oakrockranch

11/25/2009  12:18PM

A 1 inch in diameter by 12 inches long rod of pure gold would be worth well over $150,000. I doubt there is much counterfeit gold plated tungsten around, but it would be well worth duping considering the added value for a thief. If you're worried, buy coins you are familiar with from dealers you trust.
 By Dave I.

11/24/2009  8:54PM

A rod of tungsten 1 inch in diameter by 12 inches long sells for $400 or $500 depending on being polished. To gold plate tungsten is a rip off of value, unless this is a plot to corner the market on this metal. Which is highly unlikely. I know of one tungsten mine in Nevada that closed down due to the low price of tungsten.
 By Rick

11/24/2009  4:46PM

I've been emailed from skeptic fringe survivalists about this purported fraud and the supposed vacant Fort Knox of true gold holdings.

Why isn't this same skepticism even aware of the most volitile and telling fraud surrounding the global warming hoax exposure, far more revealing in its monetary fraud potential.

Are you scratching you head? Google Nature.com "Storm Clouds Brewing Over Leaked Emails", or "Climategate", or best "CRU" to discover for yourself. Follow the money, whether it's gold or tungsten.
 By Michael Miller

11/24/2009  10:38AM

The report of counterfeit bullion bars made of tungsten then plated with gold lacks authority. Why would people spread this story? Take your choice: pro gold followers to show a weakness in supply or anti gold followers to discredit those who express sometimes wild ideas about monetary exchange rates for $$$ and bullion.

Simplifying the brains and abilities of those who actual deal in mining gold and making bullion into saleable products is a mistake. Never underestimate our knowledge about our product, especially with the large volume purported to be bogus. I have a variety of suspicions about the gold market but believing that over a million 400-ounce bars of tungsten worked their way into the treasure chests of gold holders is a stretch for me.

If wrong, I’ll laugh out loud.
“A fool and his money are soon parted”-English Proverb.
“A wise man will not reprove a fool. Better die than turn your back on reason”-Chinese Proverb
 By Michael Miller

11/17/2009  9:44AM

Aram Shishmanian is chief executive of the World Gold Council. On November 11,2009 he answered questions about gold’s record run and how investors can exploit high gold prices. One questioner asked, “What about gold reserves for miners? How much gold is there out there, how do we know and is it likely that we could ever run out?

Mr. Shishmanian answered, “Gold remains a very scarce resource. There have been few major gold discoveries in recent years and many of those finds are in more difficult areas, which is likely to mean higher costs of production. Global gold mine production has been in decline for some years and it is thought that over the longer term this trend will continue.”

It is gratifying when world leaders corroborate what we know from personal experiences.
 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

Rick

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

Mike
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!
Martin
 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.

http://www.jsmineset.com/wp-content/uploads/2009/02/martin.armstrong.pdf

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