October 25, 2021 



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 By bluejay

11/10/2012  8:34AM

From this mornings International Fotecaster:

The debt is too great to be repaid.

The official national debt is $16 trillion—about $50,000 for every man, woman and child. Technically, that debt might be paid in full, but only after Americans were subjected to at least five years of austerity and Greece-like riots.

However, John Williams (Shadowstats.com) calculates that an honest measure of the national debt may be $85 trillion—about $275,000 for every man, woman and child. That debt can’t ever be paid in full, or even by half. Common sense sez there’s no way to squeeze $275,000 out of each American (over $1 million from the average family of four)—simply because the people don’t have sufficient assets to pay such bills.

If I had to bet, I’d predict that at least 80% (and perhaps 90%) of that debt can’t be paid and therefore won’t be paid. If so, at least 80% of the current value of existing treasury bonds will be repudiated. Those holding US bonds will lose their assets.

The Congressional Budget Office (CBO) has calculated that the entire funded and unfunded national debt is about $202 trillion—about $650,000 for every man, woman and child. If it’s impossible to pay the national debt as calculated by John Williams, it’s doubly impossible to repay the national debt calculated by the CBO—and doubly certain that those holding paper debt-instruments are going to lose their assets.
 By bluejay

11/09/2012  9:02AM

Jim Sinclair’s Commentary from http://www.jsmineset.com

The most substantial development hides in Weed.

The national egg is slowly cracking, a heads up, from David Madisonstyle.

Remember the Russian economist that predicted the USA would break down into various United States versus the US Central Government? How could that happen? Well, here are the seeds planted for the conflict called nullification.

If the central government passes a law that exceeds its ceiling of power as described in the Constitution, the individual states have a right to refuse to obey it. Claiming rights today is a very dangerous act. Claim the right of Warrant and see what happens to you when the local or federal swat guys come through the door. By the way they are trained that the first thing they shoot are your dogs.

What many have feared for so long is developing right in front of your eyes.

by Jon Rappoport
November 8, 2012


Okay, so we saw Obama and Romney go head to head and grab the headlines Tuesday night. Clown puppet A beat clown puppet B. The real winner was big federal government, and that was a foregone conclusion before a single vote had been cast or rigged.

Big gov was going to come out on top either way. We knew that.

But at the state level, six things happened that are cause for celebration. Six states told the federal government to take a long walk on a short pier. They passed ballot measures which directly contradict federal law and, in three cases, the US Supreme Court.

The egg is slowly cracking.

It’s called Nullification. If the central government passes a law that exceeds its ceiling of power as described in the Constitution, the individual states have a right to refuse to obey it.

A continuation of the article can be accessed at http://www.jsmineset.com
 By Big Al

11/08/2012  5:29PM

Mike, you might want to check out this page of the American Mining Law forum
Big Al
 By bluejay

11/03/2012  10:27AM

More on Frankenstein foods

The following was submitted by James Corbett in this mornings International Forecaster:


Intended meaning: The modification of living organisms by scientific processes for the benefit of humankind.

Actual meaning: The use of technology to tamper with the genomes of plants and animals in order to create hybrid monstrosities for the benefit of well-connected corporations like Monsanto, Syngenta, Cargill and other seed monopolists. Funded and promoted by the Gates Foundation, the Rockefeller Foundation and other billionaires (who also happen to be heavy investors in the Svalbard doomsday seed vault project), GMOs and other examples of biotech are supposed to reduce farmers' reliance on pesticides, increase crop yields, and create foods that are perfectly safe for humans to consume. In reality, GMOs increase reliance on pesticides, produce no gain in crop yields, and are consistently shown in independent testing to have disastrous health consequences including increased cancer rates and sterility. They are, however, perfect for helping a very few companies to concentrate more and more of the world's food supply in the hands of fewer and fewer individuals, and have so far been spectacularly successful in accomplishing that very goal.
See also: Genetic engineering
 By bluejay

10/17/2012  2:39PM

Excerpt today from a Jim Willie letter:

The deadly decline in California state sales tax receipts, down 40% from July 2011 to July 2012, in my view serves as the most deadly of highly visible signposts. The land of rotten fruits and bitter nuts is being racked by gasoline shortages.
 By bluejay

10/12/2012  11:31AM

An important quote from Canada's Prime Minister, Stephen Harper:

“We cannot allow valid concerns about environmental protection to be used as an excuse to trap worthwhile projects in reviews-without-end,”
 By bluejay

10/11/2012  10:16AM

Sutter Gold cranking up for production:

 By bluejay

10/10/2012  4:31PM

Jim Sinclair’s Commentary

To be right and very patient is the key to making major money in this financial world when playing it straight.

Stealing is the more popular way now used by the Western world financial entities, used by almost every one of them.

To know how to wait. It is the great secret to success.
–Joseph de Maistre
 By bluejay

10/08/2012  8:34PM

Gerald Celente puts his two cents in:

Past is Present With angry, destitute and starving
populations outraged and rising in protest against the
financial mobs, business monopolies and powerful politicians,
history was repeating itself in 2012.

The names and times had changed but the fundamentals
were essentially the same: a few people with a lot, in
control of everything – and a lot of people with very little,
going out of control. The Panic of ’08, and pre-1st Great
War of the 21st Century, were near-mirror images of post-
Crash of ’29 and pre-World War II.

For the general public and all of the media, even the
most obvious parallels were not being made. Ironically, as
economically ravaged Spain was being reduced to Francoera
poverty, so the stage was being set for a new Spanish
Civil War.

This time the civil war would not be cast, as it had been
in the 1930s, as a struggle between Fascism and Freedom.
In fact, it was just that. Back then it was championed by
Republican sympathizers as a struggle between “tyranny
and democracy,” while opposing Nationalists painted it
as a struggle between “communist/anarchist hordes” and
“Christian civilization.”

This time around the government would paint the war
as a struggle between the righteous forces of national security and stability and a rabble of anarchists, socialists,
malcontents, separatists and home-grown terrorists.
However, for the tens of millions of unemployed and
newly destitute who had lost everything and had nothing
left to lose, it was a struggle between themselves and
the criminal banking cartel, business monopolies and a political Mafia that controlled their money and their lives.
 By bluejay

10/08/2012  1:37PM

The following youtube reports on current events that don't seem to make our news:

 By bluejay

10/06/2012  8:08PM

In a recent lucheon engagement Senator Rand Paul stated he is working to curb the out-of-control E.P.A.

It is felt that environmental regulators can be easily influenced by greedy politicians with an ax to grind against companies that are competition to the companies that helped put them in office with all their direct and indirect gifting.
 By bluejay

10/05/2012  9:09AM

12,000 South African miners lose their jobs while striking for fair wages and working conditions:

 By bluejay

10/04/2012  5:19PM

Too bad California doesn't have the same mentality to create jobs, growth and prosperity so its residents so they can get off welfare and produce tax revenue for the State. Sacramento is a freak show full of over-stuffed corn fructose and GMO wheat heads.

This is good news for Tanzania and Canada.

PM announces agreement to protect Canadian investors in Tanzania
October 4, 2012
Ottawa, Ontario

Prime Minister Stephen Harper today announced the conclusion of negotiations toward a Foreign Investment Promotion and Protection Agreement (FIPA) between Canada and Tanzania. The announcement was made during an official visit to Canada by Jakaya Kikwete, President of Tanzania.

“Our Government is focused on creating jobs, growth and long-term prosperity, and to creating the right conditions for Canadian businesses to compete internationally,” said the Prime Minister. “This new agreement with Tanzania will encourage investment between our two countries and better-protect Canadians that do business in Tanzania.”
 By Michael Miller

10/01/2012  3:54PM

 By bluejay

09/29/2012  7:07PM

James Corbett from this mornings International Forecaster has a few words concerning the UN annual meeting now taking place in NY:

Ahmadinejad's speech was surprising, but not in the way his speeches at past meetings have been surprising (or inflammatory). In fact, this year the consensus is that the fiery Iranian leader was surprisingly sedate. Rather than dwelling on the existential threat coming from the Israeli-American nexus and their sanctions, their ongoing cyberwar, their covert campaign of bombings and terror, and their constant threats to bomb all suspected nuclear sites to smithereens (and potentially irradiate the entire region in the process), he instead decided to talk about how “social relationships are guided by respect, kindness and love” and wax philosophic on how “the world over, people are kind and loving.” Naturally, the U.S., Israel, Canada and all the other right-thinking sensible nations couldn't bear to hear such rhetoric so they walked out in protest, as every year.

Exactly as expected, all of these speeches, and the many others that have been made in the past several days, have made good use of the typical buzzwords, platitudes and concepts that play well to the globalist crowd who are gathered for the festivities: “Rule of law.” “Community of nations.” “International legitimacy.” In other words, the kind of globalist claptrap that underlies the whole United Nations charade. It's easy enough to laugh this sort of rhetoric off as the insincere musings of a self-serving political class looking to bank some goodwill from the more naive sections of their local electorate. It is very disturbing, however, to realize they are deadly serious.

Take this news from the latest session: the United Nations is back at the drawing board, once again trying to create a new excuse to get its foot in the door with the first-ever global tax. It doesn't really seem to matter what the ostensible reason for the tax is. A tax on billionaires, a tax on currency speculation, the so-called Tobin tax on financial transactions, taxes on carbon emissions, taxes on airline tickets, royalties for any minerals dredged up more than 100 miles offshore of any nation's territorial waters. All of these ideas have been floated in recent months, and they will all be on the agenda at the 67th General Assembly.

This is nothing new, of course. There has been talk of taxes like these for years. But with each fresh round of discussion, the idea of a global, UN-administered tax becomes that much more normalized, as if it weren't the thin edge of the wedge of the rise of a truly global government. Of course, it's coming couched in feelgood terminology about “development” money to address “global problems” and to “meet needs in developing countries.” Who could argue with that? It would be like arguing with those sensible and reasonable congress critters who instituted the income tax on Americans in 1913 at the reasonable rate of 1%. Surely you can chip in 1% to help out your fellow man. It'll never get bigger or incentivize the political class to continue growing government as much as possible, we swear.
 By bluejay

09/24/2012  8:12PM

The Decline of California as folks pack it up for Texas, Nevada and Arizona.

 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.

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