Original Sixteen to One Mine, Inc. - Forum Topic: "Miscellaneous"



	May 24, 2019 Friday

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Topic:
Miscellaneous

By bluejay
09/29/2011 4:17PM

More Bank Subsidies On The Way?

Candice Choi, AP Personal Finance Writer, On Thursday September 29, 2011, 5:16 pm

NEW YORK (AP) -- Will a monthly debit card fee soon be the norm? Bank of America said Thursday that it plans to start charging a $5 monthly fee when customers make debit card purchases. The fee will be rolled out starting early next year.

---The fact of the matter is that when Bank of America took over Countrywide Reality they under-estimated all the toxic waste that went with it. Bob Chapman says that if major US banks realisticlly priced their toxic waste it would become known that they are, actually, insolvent.

So one way or the other, the consumer continues to bail out the banks.

There are 520 million issued debit cards. $5X12mosX520million= $31.2 billion in new yearly proposed bank charges coming if BOA gets their way and all the other banks join into taking for themselves $5 each a month from our checking accounts.

The reason the economy stinks is all the money being sucked from us via loans and high interest credit cards payments to banks is NOT BEING RECIRCULATED back into our local economies. Think about it: we don't need fancy worded stimulus plans, we need lower interest payments to lenders so our local economies can be well greased with the fruits from our labor.

In the early 80's the lid on the general usuary law was lifted by Paul Volker. Who has the guts in Washington to get the big bankers back in line???? Or, just let the parasitic block suckers fold and let the chips fall where they may.

By bluejay
09/21/2011 8:34AM

Director of Agnico Eagle(NYSE) with strong Wall Street connections becomes president of Sutter Gold. Sutter Gold's main asset is their Lincoln Project located between Amador City and Jackson which is preparing for gold production.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSGM-1882052&symbol=SGM®ion=C

By Kit Carson
09/18/2011 6:37PM

Please see my message in the 'Technology' topic. The mining men that I am affiliated with in Reno are good people. My partner would be glad to introduce an experienced negotiator/attorney to you guys if you are willing to share some of your correspondence about your legal prolblems. I fear you are facing a stacked deck. But then again I am new to this mining idea and what do I know?

By bluejay
09/18/2011 11:24AM

Check out this Max Keiser video, "Flaming Banks, Burned-Out Economy." This video in particular is a blockbuster. It clearly shows, along with an outstanding presentation by Aaron Krowne, how Americans are getting ripped-off over and over again by financial institutions while the government watchdogs with all their regulatory agencies do little to nothing in preventing this ongoing fraud.

http://maxkeiser.com/category/max-keiser-videos/

By SCOOP
09/17/2011 9:43AM

Bigsbkahuna, if someone offers you the Brooklyn Bridge to buy, refuse. Since most of the regulars know how to respond to your silver nuggets purchase but out of respect remain silent, Scoop must reply.

No silver nuggets have ever been found in the Sixteen to One mine. An educated guess is that no mine in the Alleghany district sports silver nuggets. Write eBay and report a fraud. Are you sure your nuggets are steel balls?

Scoop knows that the Webmaster will move your interesting purchase to the miscellaneous topic. Write again. You have had a most unusual experience.

By bluejay
09/16/2011 11:47AM

Kissinger, the Bush's and Bill Clinton all should take the dubious honor of destroying the working class in this country. The only person standing up for the U.S. worker's security was Ross Perot, a proven businessman, during the 1992 presidential debates and, overall, the minority in Congress.

Mr. Perot said all NAFTA would do was create a "Giant Sucking Sound" (of U.S. jobs) and NAFTA was only "A One-Way Street." Bush and Clinton said this was not true. This is just more proof that politicians have no idea how their decisions effect their constituents, or do they?

Bob Chapman recently stated that 8,000,000 U.S. jobs have been lost to free trade globalization. To whose benefit? Big U.S. corporations increased their profits by employing cheaper labor abroad which led to off-shore accounts and tax evasion. There maybe 2 to 3 trillion dollars of U.S. corporate money on deposit abroad in an attempt to circumvent IRS tax codes. And the U.S. is seeking to locate individual foreign tax payer's holdings with a requested 35% hold on them to the benefit of the IRS? How about U.S. corporate foreign deposits?

With the shrinking U.S. job market, people have been forced to cut-back on their living expenses. Many folks have been lured to Walmart type stores because of their competitive pricing just to survive. Who is Walmart's big supplier? Why China, of course.

Cheap products flowing into this country from China have given the Chinese a huge trade surplus with us, thanks Kissinger. As a result of the government's failed attempts with massive debt expansion to jump start a faltering economy because of production loss and failed gambling endeavors by the big banks, the integrity of the U.S. dollar has greatly dimished.

Now, China is looking to buy into U.S. assets with their questionable Treasury holdings. Thanks, Kissinger and all your supportive cronies who lick the boots of big U.S. corporations at the huge expense to American families.

Ambrose Evans-Pritchard has an excellent article linked below depicting the China situation with their U.S. Treasury holdings. China seems interested in an acquiring an equity position in Apple and Boeing. China has already purchased farm land in the U.S.

What's next, Kissinger. What other long term deals did you make in your 1974 meeting with them?

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100011987/china-to-liquidate-us-treasuries-not-dollars/#.TnHqEnD-LkY.email

By Bigsbkahuna
09/16/2011 10:28AM

Just bought some natural silver nuggets on eBay that were said to come from the 16-1 ?
Silver and platinum would be in some formations, right?

Love to buy some stock.
Matthew Kramer
Santa Barbara, ca

By bluejay
09/14/2011 11:13PM

Sound familiar?

The following are some recent thoughts from Martin Armstrong:

During the Bonus Army march upon Washington in 1932, the government sent in troops and tanks against veterans and their families using the label “criminals” to justify the government strong-arm tactics. History repeats for today the same labels are appearing rolled out once again for England and Greece.

Government blames society for breaking down into single parents and then there is the school discipline issue to blame. Of course what also emerges is the Marxist view that instantly attacks the rich, bankers, Wall Street, and the overall materialism/capitalism.

This justifies higher taxes, more regulation (as if the sea of agencies actually have prevented anything), and the general witch-hunt to imprison
those on the periphery and never any real culprits who are part of the oligarchy feeding the elections of some of the corrupt politicians. Prosecuting anyone produces the impression it is NOT those in government that have screwed anything up.

By REAP
09/06/2011 8:04PM

Dear Mike,
I hope you had a great Labor Day weekend! Thank you for your reply to my posting. I very much appreciate the thought you put into it. Clearly you are a well-spring of knowledge and experience in both mining and the Kinky idiosyncrasies of California government. I know that you have most of the answers I'm looking for, and I will also search this site studiously. Naive as I am, I really did expect to hear the hills alive with the sound of music from air compressors and happy miners singing “Hi Ho! Hi Ho! It’s off to work we go!” REALLY I DID! But I learned that this isn’t the case, so I felt a need to explore the Topic which heads this blog. Let me explain why I did this.

(Beware! This is a long post)

My business experience has been Management Consulting in Strategy, primarily Competitive and Marketing, in “production based” industries. However, now my focus has shifted almost totally onto gold mining. This is because I recently became the owner of a gold mine with patented claim which has been an important producer in Sierra County gold mining. The mine has had excellent historic production, and I hope great future potential. And so my Task One is, as you recommend, to conduct my “Due Diligence”, learn about the industry and the specifics of my property.

My research is still preliminary, but if gold mining was like Hi-tech, at the current prices, companies and mines would get snatched up like corn cobs in a tornado! Clearly this is not the case, so I am trying to understand why. The structures of “normal production based” industries are determined by relative cost position and the nature and strength of the internal competition. In mature industries, those with very strong competition and low friction, such as semiconductors, the top 3 competitors own 80% of the market. The top competitor sets standards and controls the product/market definition. Production cost is proportional to cumulative volume. The industry price is generally set by the cost structure of the #3 competitor. This produces stability and lets all 3 make acceptable returns on investment.

My current understanding is that resource based industries follow a different pattern. Some of the difference is that resource assets differ in quantity and quality from company to company. Cost is based more on the character of these assets rather than on total cumulative volume. Buying resource assets is easier but much more risky than buying manufacturing facilities. And seemingly, Government Regulation may be the most important variable in determining profitable production. Until now, my only direct experience with a resource based industry was aluminum production with Kaiser Aluminum & Chemical. But in this global industry the controlling resource was not the ore, but rather the availability and cost of the energy needed to refine it. To get into the aluminum business all you needed was a hydroelectric dam, or lots of cheap coal.

Government Regulation seems like a Great Black Pall which hangs over the whole resource industry in California. It sounds like this is currently the dominant force, an inconsistent and inescapable force, and one that I need to understand. On the international stage mergers, acquisitions, and joint ventures are becoming more common as gold price increases. Large companies are using this as a quick way to obtain ready assets to compensate for the depletion from operations. I don’t know if this is or will become important in California.

One thing that I do know well…..I know how to do research. There is a wealth of information on the Sixteen to One website that I am working through. I am also taking mining and geology courses through the University of British Columbia, studying USGS surveys, and hunting on Google. I would greatly appreciate any direction you other experienced members of the Forum might give me. And especially THANK you for reading through this long post.

Ron Pacholec

By bluejay
09/04/2011 10:01PM

From the Casey Daily Dispatch

A sub-species of particularly stupid and destructive capuchins in the California legislature appear poised to pass a bill that will effectively put an end to hiring an adult babysitter or anyone seeking casual employment doing odd jobs.

Historically, the producers of the real wealth and the revenues for the State have been the hard working farmers and the hard working miners. Now we have a herd of buffoons in Sacramento unable to learn from simple high school history doing what they do best, suffocate and restrain the folks who want to work.

By bluejay
09/04/2011 2:27PM

This following below is an outstanding description of the big problem faced by miners in California. Although intended for the malfuction-junction group in Washington, it can equally be applied to the political gang in Sacramento.

Comments by Martin Armstrong:

Politicians just don’t get what is going on. They are living in a dream world where they are so wrapped up in themselves that they fail to realize (1) they are the problem, and (2) the emperor truly has no clothes. They said Nero fiddled while Rome burned. They are jousting for position only to be able to blame the other party for the next election and to HELL with our future.

The majority of politicians are so wrapped up in themselves they are completely disconnected from the people. They rant and rave over pointless dogma but are clueless to how the real world actually functions. They must be living under a rock because they are completely void of any common sense whatsoever and are oblivious to the future.

They assume that government is exempt from EVERY law and economic principle and can actually manipulate their way out of anything. Some are just lining their pockets and getting theirs before it is too late."

By bluejay
09/04/2011 12:46AM

Retired in silence the glorious past producers continue to await the magical unknown gold price that will rejuvenate the District which is needed to surpass the heavy negative factor of regulation.

For the moment, mindless career politicians continue to rape and squeeze the companies and people of California. In order to start mining, near curent gold prices, these immoral vampires will have to be purged.

By Michael Miller
09/02/2011 3:27PM

Dear REAP (see below),

A modest mining man has the answers to your questions, many of which are scattered throughout this FORUM in almost every topic on the FORUM and headings listed to your left. Let’s begin with the first question, “What has been the response to this situation in Sierra County?” Growing interest based on phone calls, traffic in the mining areas and correspondences.

In California the response seems to be wonderment as to why the hills aren’t alive with the sounds of music from air compressors and happy workers; however everyone is scared away by the threat of lawsuits or time delay in beginning production.

No signs of new investment can be found. Every now and then people with an interest materialize. None have conducted a thorough inquiry.

Varied and detailed development plans based on history, geology and the present are published on this web site, well thought out and designed to “Get as much product to market as fast as possible”. Others may have plans also.

Significant consolidations of mines in the Alleghany Mining District occurred. Large companies fail to recognize the benefits from investment in small vein, underground, high-grade gold mines. Frankly, these operations are not suited for their corporate style.

Ah, the culture of “Crystal Ball” exercises about gold, a favorite or up-and-coming pastime of those who mine, those who wish and those who dream; sometime (rarely) someone does all three. You ask about the future structure of mining in the county. The structure will be similar to those that have taken place for 150 years: one company dominates (that company has changed over time); partnerships will form (General and Limited); associations may give it a try (most will fail); stock promotion companies will sneak into the county (most will fail); some really smart businessmen with the spirit and understanding risk/reward ventures may make an important contact and conduct his or her “due diligence”. (This would be refreshing.)

However, California has festering inside its governmental bowels some misinformed career employees that continue on a path of destruction for gold mining and other natural resource extraction industries. They are succeeding, which frightens away one of three ingredients for success in mining gold. The Central Valley water board staff currently leads a list that has hurt Californians much more than people realize. Tied for second are the “Attorney General” staff and the staff of the department of conservation.. They have swarmed like flies on shit. Instead they should be embracing all serious programs to utilize California’s splendid natural resources. They could be swarming like bees on honey. All Californians would reap the benefits of Sierra County’s gold.

I do not have a crystal ball to gaze into and see the future. I do run a gold mining company. I know that the future of Sierra County, California and the United States is understanding the past in tandem with predicting the future. Gold’s historical truth in social and cultural evolutions is undeniable. Like gold, truth lies at the bottom. One company may overcome the obstacles in Sierra County and California. It has an unusual name, Original Sixteen to One Mine, Inc. I have a personal stake in its welfare and treatment. A litigious government, working to selectively enforce and selectively prosecute any person or entity is at work in Sierra County to destroy this company. The drivers work in Sacramento. Their actions hurt every person in America except those who financially benefit from the present prosecutions.

“Many reasons may be assigned for the amazing economic development of the United States. The abundance of our national resources, the freedom of our political institutions, and the character of our population have all undoubtedly contributed. But in my judgment the greatest factor has been the fact that by the happenstance of good fortune there was created here in America the largest area in the world in which there were no barriers to the exchange of goods and ideas.” Gold helped bring about this happenstance of good fortune.

By martin newkom
09/02/2011 10:18AM

Back in the days when Bernard
Baruch was a stockholder things
were a lot easier going with capital a lot easier to come by. Mr. Baruch was always a "dead serious" investor and gold was rather cheap. Now with the price very high in the sky we have to wade thru some unbelievable opposition. But
with the assurance that we have
an unbelievable "lode" under our feet there is only one choice: "Go for it Boys".

By REAP
09/02/2011 9:54AM

Gold is rising like a Saturn 5 rocket on its way to the moon! The rocket fuel: the global economy, debt, financial and currency problems will be with us for the long term. In addition, buying by central banks, frightened investors, and flight from fiat currencies is predicted to increase, or at least remain stable in the near time. This will keep demand strong, at least for now. In this kind of an environment, which could change quickly by political will or investor preference, traditional Competitive Strategy says “Get as much product to market as fast as possible”. What has been the response to this situation by gold mining companies in Sierra County, or California in general? Are there significant new investments being made or planned for exploration, development, maintenance, and Especially for bringing dormant mines with significant, potential, back online? Consolidation through acquisition, merger, and joint venture is often the favorite Corporate Strategy in an industry in which current asset prices are low and potential is high, but which might change quickly. Do we expect there to be consolidation in mines and mining companies in the County? Are there any indications for M&A, or that major investments are being considered by larger financially stable companies in smaller pocket and dormant mines? In brief, what might be the future structure of mining in the County? Anybody have an opinion or a "Crystal Ball"?

By martin newkom
08/30/2011 9:25AM

Right on, Bluejay. By the way
A.P. Gianini was not born in Italy
He was born in San Jose, Calif.
MY wife's grandma knew the wife
as a customer in the store her
family had in San Francisco.

By bluejay
08/29/2011 8:17PM

Hi Martin

This is what I know, according to a man, Bob Chapman, that claims he's 98% right with his projections and facts:

"The Bank of America has become a dumping ground for toxic debt the past three years. The Bank of America is upside-down to the tune of $500 billion."

The sad thought is, I'm sure, that this mess wouldn't have happened under Mr. Giannini.

By martin newkom
08/27/2011 2:21PM

In 1927 there was a "run" on the
Santa Rosa CA. Bank of America.
The branch listed 3mil in de-
posits but only had 300,000 to
pay out. Cash had to be brought in
from San Francisco and Healdsburg
to cover the demand.
every body that requested their funds got paid. A.P Gianinni was
the President of the Bank then,
what would he do now and any
different?

By bluejay
08/26/2011 10:39PM

My grandfather retired from Wall Street as a partner in a brokerage house and moved his family to West Hollywood, California in 1923. He later bought into the local Sherman Bank and became its vice president.

On the day of the famous run on the banks in 1929, employees put aside cash that the owners had on deposit. When my grandfather arrived at the bank, wading through lines of people seeking their money, he was told his deposited funds were safe. It was at that time he ordered employees to unsegregate his share and make it available.

Knowing the man my grandfather was and knowing how bankers operate these days leaves little to be desired of them. In addition, it is beyond my imagination why anyone would rent their money to the banksters for the going rate of 1% when the current inflation rate is 11.2% according to John Williams of Shaddowstats.com of Oakland, California.

Below are some of today's related comments from Martin Armstrong:

"I wrote in the Rise & Fall of the Euro an example of DIRECT intervention rather than INDIRECT that would mitigate the decline and would have helped to actually stabilize the economy and real estate markets.

As always, we benefit only the lobbyists and the expense of the economy as a whole. “In the US Mortgage Crisis, government ONLY concerned itself with the bankers, and not the borrowers. Lending money to the bankers FAILED to restart the economy because it was one-sided. The solution would have been easy.

Revalue all property, shave 25% off the mortgage price, use the funds to accomplish that end, which would have left the majority of people in their homes reducing the supply of real estate coming to market, and thus stabilize the two ends and the economy.

The political solution was motivated ONLY by the bankers and this created the propaganda of “too big to fail” implying that they somehow were more important than the economy.”

By David I
08/24/2011 4:45AM

Martin Armstrong's statement is an anthem in its self. It is good to here the cry out for the soul of freedom so eloquently stated.

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