December 17, 2017 
 Sunday 
 
 

Forum
Topic:
Miscellaneous

       

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 By bluejay

06/02/2012  9:10AM

A few words from Martin Armstrong:

So here we are decades later and we still have a fragmented regulatory system that has yet to prevent anything. The CFTC is so corrupt, they will protect the likes of MF Global and knew all along that firms trade with client’s money and have NEVER stopped anyone from doing so. The SEC is just as bad and the two agencies will fight each other and never share info because they are competing against each other in Congress for power. Each has its own lobby pool. So for those who think that government is capable of doing anything, are just dead wrong!

There is so much bickering between parties and agencies, it takes a crisis to being about any solidarity and then it is done in a sweeping manner with no review. When they get together on the Hill today, it is politics first. How do we get more seats. That is the question. It is not what to do with the seats you have now. It is always about getting more power. Why. Who knows. They pass absurd laws and rubber stamp whatever the bureaucracy says its needs. They never reform the SEC or CFTC. They always hand them more power with each crisis to the point we will have absolutely nothing
 By bluejay

06/02/2012  8:55AM

Amen, brother.

related video:
http://www.martinarmstrong.org/files/When%20Will%20the%20Corruption%20Stop/index.htm

I have recently been doing business with Apmex.com out of Oklahoma City. These guys are professional, all the way. I have never had a problem. Their inventory seems to be the best around. Golddealer.com out of Inglewood, Ca. is another excellent choice as a retailer, Again, I have never had a problem with their people or receiving merchandise.

The miscreants I suspect will try and hold gold from rising too much more in and around the $1626-$1630 area. If this level is convincingly bettered, I would suspect that serious cracks in someone's financial structure would soon follow infecting over some amount of time all internationally connected banks.

It seems that Fed chief Bernanke has painted himself into a corner out of desperation where there is no- way-out. There is a limit on how many "uppers" in reality a system can take before the body just gives up and dies.

Got your gold?
 By Rick

06/01/2012  5:54PM

A strange feeling and a good calm...I put my order in today to divest at Dow 12K, not that it amounts to much, that's not the point.

Now, with a cash position, I'm looking for the best way to hold physical gold. Bluejay, you've pointed to a good resource before...any updated opinion?

There are three exceptional factors that contributed to my decision, all three are foundations to the forth leg on the piano-stool, which cannot stand without the other three legs, lest the concerto become a heap of crap:

1) Greece's June 16-18 election considering its austerity objective (or not, depending on the 50.1% sappers) which will impact not only Greece but also instantly all of the Euro-zone;

2)The uncertainty of our Supreme Court's decision on O-crap-care...(although, this may actually become a positive sign for the economy, hence a buy-in-point, should the court rule properly to remove shackles to potential business via the un-Constitutionality of the O-crap); yet the uncertainty of it all contributes to the non-private-sector-growth concern;

And of course, the winner: 3) the election in November.

By the way (hint-hint)...how about that gold price today, when the fake job numbers were released?? and gold responded properly....

Here's another clue for you all: the Walrus is sitting in the Whitehouse, and the Fed, and the Senate....and has no fat, just a huge appetite for power.
 By bluejay

06/01/2012  8:16AM

Quebec government invests in and provides funds to support mining industry.

http://www.kitco.com/reports/KitcoNews20120531AL_stornoway.html

An ironic turn in Quebec compared to California: millions being invested in roads to get to new discoveries for future production while in California roads are mostly in to its goldfields but with too many regulations in place hindering job growth.

State politicians remind me of a pack of silver and brown tailed squirrels never content with Mother Nature's providing them with acorns but feeling compelled to consistently steal from the birdfeeder and the family cherry tree.

Such is life in California these days unlike Quebec, who look forward to collecting additional tax revenues based on their intelligent planning to support job growth.

Don't forget, we put our lawmakers in office. We also perpetuate letting them stay there. Your normal operating funds will be slashed in the months ahead to help pay off yesterday's bonds along with the government vested lucrative pensions payments that they gave themselves during much better times.

California is all messed up and getting worse as the covered wagons are being loaded up and are dispersing in different directions.
 By Michael Miller

05/29/2012  11:34AM

Over the past four decades when Americans could once again own investment gold, gold was projected by its followers as a” hedge against inflation”. True then it is still true today; however the international financial chaos presents a novel twist in predicting the values of gold in other currencies. MY life’s experiences with gold suggest that the players and plays never exactly repeat.

I like gold for an additional reason that is unrelated to my job of finding it and digging it out of the ground: peace of mind. Just as we get comfort from those outrageous insurance policies Americans love to own even a modest ownership in some type of gold asset calms the great unknowns of financial choice.
 By bluejay

05/29/2012  8:15AM

Rick

It sound like you have become your own central banker. Holding physical gold is a complete disconnect from the banksters who would like to believe that they control our financial destiny.

The reason behind government hating gold is that gold is real money and independence away from their fiat system where they thrive on it for stealing the public's wealth through the inflation process and for maintaining control over us.

This is the big reason that the so-called official inflation numbers NEVER reflect what our currency's true purchasing value is. The whole banker's money game supported by regulators is designed to slowly and methodically steal from us in a manner most people don't understand.

Holding physical gold takes us safely away from their scheming clutches. Remember 2008? It was the bankers that that destroyed gold and silver prices that year and they are at it again this year. Their obvious intention is to hurt the folks who took their funds out of the system and went into the gold and silver.

As inflation slowly eats away at our wealth, we must be vigilent in slowly acquiring, during periods of major banker concocted selling phases, all the gold we can afford.
 By Rick

05/27/2012  5:48PM

I told myself in 2009 that if the Dow market index rebounded to 10K, I'd get out and re-tool into gold-in-hand.

Here I sit with the Dow perched half-way between 13 and 12, with Greece's June 16 austerity vote looming.

Anyone want to guess what my plan is???
 By bluejay

05/27/2012  5:36PM

Squeezing the people continues:

http://www.martinarmstrong.org/files/ComingToTakeYourMoneyAway/index.htm
 By Rick

05/26/2012  4:31PM

Okay, another urging for you'all to write one:

Within the mountain beats
the heart of discovery,
anticipation and leap
of my heart thumping.

Within the mountain beats
my heart with a blessing,
my eyes seeing first
the blessing from months
of pull.

Yester's round rang true.
 By Rick

05/25/2012  6:36PM

We should have some positive fun under this Forum Topic: write a new prose (poem) to encourage and/or comment! Granted, it'll be better to encourage, but some sideways prose will make the grade:

I offer this first one in the "sideways" catagory:

Gov's gotta plan,
Jerry of Old,
Gov's gotta plan
That can't be sold.

Gov's gotta plan,
Jerry of Old,
What's he thinkin'?
Thinks the wise out here
Are wakin' up blinkin'.

Gov's gotta plan,
Don't look inna mirror!
Jerry's gotta plan,
Big ass posterior.

Gov's gotta plan,
Play by the rules,
We honor the rules,
Just make 'em true.

Make rules true
to our Constitution,
We'll make it true
to a real solution.

Gov's gotta plan,
But doesn't seem right,
With caltrops and lawsuits
thrown down with spite.

Effem! We say,
We'll lead the way out,
.........
 By bluejay

05/21/2012  12:23PM

Greece could be the preview.

Check out the video concerning our debt in the YouTube presentation at http://www.jsmineset.com
 By Rick

05/19/2012  9:40PM

There is a curious force heard underground when rock is being broken...it is echoing through our hearts, and the hearts of the miners underground...I'm not a miner, yet I know of this force:

Optimist for yester's round,
White quartz with yeller,
Tommyknockers knockin',
White quartz with yeller.

Slabs ahangin' overhead,
Traprocks under foot,
Tommyknockers knockin'
White quartz with yeller.

Tommyknockers knockin'
Reggers bent on effin'
Miner's lamp aglowing bright,
White quartz with yeller.

Drill deep, drill strong.
Drill until the dawn.
Drill with visions in the glow,
White quartz with yeller.

Reggers throwin' down,
Effers throwin' down,
Stop the mine, there's no WAY!
White quartz with yeller.

Visions will always point to
The truth we all know
Strength will always win,
White Quartz With Yeller.
 By Rick

05/18/2012  6:24PM

My mention below of Glass-Steagall has roots here on the Forum, directly relative to the viability and assault of our mine:

Regulation's validity is relative to the purpose...and its practical application has been lost, usurped by opportunist criminal gov entities. Glass-Steagall was on of the valid regulations: it kept investment houses separate from banks (banks, the simple holders of money and depending on risk assessment, allowed home-loans to be issued, inbedded with a small margin predictable to the outcome of risk.

In short, it kept the crap out of risk, and home-loans were granted based on the recipient's true ability to stay true to the contract.

HOW is this discussion even remotely connected with the Original Sixteen to One Mine?

Regulation, when its purpose is truely to protect all sides, is valid. Glass-Steagall prevented leverage beyond collateralization...

Regulation, when its purpose is designed to controll outcome rather than mediate, is dangerous.

HERE's what's even worse: REGULATION without a basis of Constitution, without a basis of accountability is akin to allowing a crook into your home.
 By martin newkom

05/18/2012  3:11PM

According to the Wall Street
Journal some months ago, it was
disclosed that J.P. Morgan Chase
knew about the Madoff Ponzi caper.
 By Rick

05/16/2012  8:40AM

The root of all this mess started when Glass-Steagall was repealed by the Clinton administration, with urging by the political machine.

99%? 99% of the the citizens in our country haven't even heard of it and have no idea what, why, who started the colapse of the housing market and the subsequent fall of portfolios.

"Everyone should be able to afford a home...it's only fair" cries the left (hi Barney) and derivatives were born. Never mind that those 'home-owners' receiving uncollateralized loans couldn't afford them to begin with.

What was Glass-Steagall?? Banks and brokerage houses were separate entities....(longer)....insuring solvency for both. Risk was mediated; stability insured.

Why was it reversed? Politics dictated emotion rather than practical outcome, and hurt those it perported to help.

Re-instatement of Glass-Steagal would be the single most productive way to restore stability
 By bluejay

05/15/2012  5:58PM

Following JP Morgan's surprise announcement recently of a $2 billion derivative loss here is an oldie but goodie that Jim Sinclair at jsmineset.com ran concerning JM Morgan that was written 8-30-02 by the respectful Ira Harris:

"Well, U.S. bankers have done it again. The best of the breed,JPMorgan and JAMIE DIMON, was blindsided by a large loss in its “hedging” operation. It is amazing how, since the REPEAL OF GLASS-STEAGALL, we have seen story after story of bank trading operations bringing the global financial system to the edge of a“SYSTEMIC CLIFF.” Since the repeal of the Glass-Steagall, the international system teeters on the precipice of a calamity. Now if COMMERCIAL BANKS want to be aggressive and trade like the proverbial hedge fund, then BANKS that are holding companies have to surrender their FDIC INSURANCE and pay for the use of people’s money."

It's absolutely amazing why regulators do not have a realistic pulse on what the banking industry is doing with other people's money. Keeping your money on deposit at the banks is a risky game.
 By bluejay

05/15/2012  1:06PM

Another hush hush tax you don't even know about:

http://www.youtube.com/watch?v=uBnlXGvA1Wk&feature=youtube_gdata_player
 By Michael Miller

05/14/2012  6:12PM

In this topic on 05/11/2012, a good friend of the mine commented on the new beginnings of a Sierra Nevada mine. I know the history of this mine well and wish its operators great successes. Martin’s observation, however, is why I am writing. Much of media is purchased, especially by start-up gold mines. I bet that this operation will have a good relationship with the local media, as does the Sixteen to One. It is never a problem for the Sixteen to One mine to get coverage in local papers, which include the Sacramento area.

Origsix owns a mine and is operating its mine according to the available resources (money). It truly knows how to operate both with and without money, having sustained itself for over 100 years. It has not diluted its current owners when money is in short supply to survive. Money is directly related to the mining of gold (many junior and some major gold companies find their money from the public or others and sell their gold forward of production).

Our operation suffers not because it is not mining due to permits but because of lawsuits and the perception that these lawsuits have merit. The lawsuits scared people, people who lacked the moxie to even conduct a due diligence enquire. The CDAA criminal case was pure bunk! Anyone who spent any time reviewing the law and the facts surrounding it knew it to be bunk. The recent SMARA lawsuit was just a pain in the butt! Time and money and the real hardship it created for our future prompted me to give in to their extortion. (History, the law and the facts were also on our side), which brings us to the last remaining legal issue: California’s irresponsible water board and its staff.

Nothing should stop competent, serious and well-funded adventurers from checking out our plans for increasing mining and building this company. Now, since we are just a bunch, a small bunch of friends looking at the FORUM, I tell you this: If my moxie were grander, I would complete our due diligence regarding the remaining lawsuit advocated by the Central Valley Regional Water Control Board and file a lawsuit with eight causes of action, seeking damages for its unlawful conduct.

Let’s hope that someone in state government, be it the Governor’s office, the water regulators or the legislative politicians finally conducts their due diligence and approaches the litigants with a responsible settlement outline.
 By bluejay

05/14/2012  8:50AM

How really safe are the banks?

Recently, JP Morgan announced that they had a $2 billion loss in derivatives. Following is an excerpt from Greg Hunter of http://www.USAWatchdog.com:

The only way JP Morgan could “bring down the entire space” is if the entire space was leveraged in ways similar to JP Morgan. Of course, no U.S. bank has more derivative exposure than JP Morgan.

According to the Comptroller of the Currency, JP Morgan has a little more than $70 trillion in total derivative exposure. (4th quarter 2011 OCC report) The next 4 banks have a combined $150 trillion (approximate) in total derivative exposure. I am sure the banks will tell you that this is all hedged (bilaterally netted) to minimize any losses, but we all know how well that strategy worked with AIG, Lehman and MF Global.
 By bluejay

05/11/2012  10:04PM

When the bankers pushed to get their hands back on investor's money by getting Clinton to sign off on dismandling the Glass Steagall Act it set the stage for unbridled banker greed.

An excerpt from the today's Casey's Dispatch:

"Yesterday, after the market close, JPMorgan announced that a series of synthetic credit trades done by its Chief Investment Office had gone terribly wrong and caused a $2 billion loss.

A "synthetic" trade is another name for a derivative trade, most likely some type of credit default swap. The bank claims that this Chief Investment Office's job is to hedge the bank's overall credit exposures, but that can't be all that it was doing. This office had to be making huge bets on the market in what is nothing more or less than a form of proprietary trading."

This is not what banks were chartered to do.

John Corsine at MF Global decided to take a big position on sovereign debt using margin and took a bath. When it was time to caught up the money for his losses he took customer money that was entrusted to him and gave it to JP Morgan to cover those losses.

New York City is a cesspool of bankers fiddling with public markets and financial corruption.

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