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



	September 19, 2020 Saturday

Forum
Topic:
Miscellaneous

By Michael Miller
11/25/2011 11:13AM

The Canadians realized the value of the exploitation of their native and natural resources decades ago. With cooperation between governments from Canadian provinces, the federal government, the paper producing private sector and the actual mining people, a great institution emerged, which continues today. The industry has not always been stellar. The provincial brokerage fellows used the stock market as a money making paper mill with questionable truths guiding investments in the stock markets. Many suffered financially due to lax or misleading reporting.

As others in and out of government realized that the negative impacts this hyper sensitive “game” was killing the industry, rules were established for protection. Who was being protected is questionable? Usually the greedy or ignorant public is identified as the component to protect. The paper pushers always seem to escape unscathed; however as I follow this thirty-six year progression, I believe the least important components to protect are the actual mine and its miners.

How did these interactions between members in the natural resource exploitation industry progress? The article below tells a good story about why Canadians support the exploitation of natural resources… mining creates wealth. Greed determines who wins the most and who are the losers. Nothing new here. But during the 1975-82 global rush for gold, stock brokers, stock players, gold analysts, promoters and many actual miners found it more profitable to mine paper than ore. Are we heading for a re occurrence of those heady days as gold continues its bullish trend?

Canada eventually changed the rules of its stock markets. How successful those rules are protecting the public from hype is worth pondering. I read disturbing corporate reports all the time from companies listed on one of the Canadian exchanges. The US stock markets continue to make it very difficult for start-up or junior gold mining companies to compete.
Good, solid governmental intervention still prevails in Canada which encourages natural resource exploitation. The tax benefits or rules favor taking a risk in a mining venture. Why is this successful government policy ignored in the United States? I used to think that we Americans were so smart. We would mine everyone else’s natural resources and when the world ran out of minerals for industry, America would become the haven for richness. I do not think this way today. I think our public and private movers and shakers have lost their way towards making and keeping America a haven of richness. A rebirth in the development of our natural resources accomplishes two important views that are expressed by both extremes of social thought.

I use the word exploitation with pride. It is the process of winning or producing from the Earth the oil, gas, minerals or rocks that have been found as the result of exploration. When man exploits he turns a natural resource to economic account. America’s rebirth of exploration and exploitation of the Earth creates wealth in America and a greener Earth. Why a greener Earth? The United States demands that our industries do their thing under fair, just and equitable environmental considerations. Our industry is one of the least harmful environmental heavy industries (and many “light” industries) on Earth.

These are some reasons to rebirth America’s road to reform and prosperity through the exploitation of its natural resources. There are others. For labor, our industry is safer than skiing. In California a miner is healthier and safer than a roofer. Our industry pollutes less harmful stuff than shopping malls. Our industry thinks locally and acts globally. Our industry is sustainable because the world’s civilizations must have natural resources to survive. This will never be reversed. Enjoy your “Black Friday”. It would not be possible without the global miner. Let’s bring him back to America.

By bluejay
11/24/2011 11:46AM

The following data is an comparable Canadian example of what could part could be possible if the incompetent politicians in Sacramento looked to mining to help balance our State's pathetic balance sheet.

An excerpt of a November 22, 2011 speech by the Canadian Minister of Resources, Mr. Joe Oliver.

In 2010,
 mineral production contributed $35.1 billion to our GDP;

 Canadian mineral production was valued at $41.2 billion;

 Canadian mineral exports accounted for $84 billion; and

 21% of our total exports came from minerals.

If you ask me, that last number may be the most impressive.

Mining and mineral processing are directly responsible for the jobs of well over 308,000 Canadians. Thousands more work in related industries.

You of course know these facts, but I am talking to a broader audience. So, you won’t mind if I let them know as well.

The industry contributes billions of dollars in taxes and royalties to government every year – $35.1 billion in 2010 and $18 billion to our trade surplus for example. These funds support everything from education, to infrastructure, to health care.

By bluejay
11/19/2011 10:53PM

The Chicago Mercantile Exchange(CME) who owns the Comex where gold futures are traded in New York City have really lost creditability with trends forecaster Gerald Celente and is he mad.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/17_Gerald_Celente_files/Gerald%20Celente%2011%3A18%3A2011.mp3

By bluejay
11/19/2011 4:26PM

Another good example of a malfuctioning Congress.

From Saturday's International Forecaster:

The concentration of elite legislative power in America is well under way today as the new “supercommittee” is working on an end-run around Congress to put together a “secret farm bill” that would prop up failed agricultural policies with yet more billions in taxpayer dollars.

The “supercommittee” is the newly-formed (and utterly illegal) committee of 12 members of Congress who engineer new debt-related legislation that’s only allowed an up or down vote by the full Congress. This bypasses the traditional debate process by elected representatives, effectively concentrating the power to shape laws in the hands of a mere dozen members of Congress. The very structure is elitist from the start, and it directly contradicts the United States Constitution.
Because the committee concentrates yet more power in the hands of the few, it is being heavily lobbied by various groups and industries that want more government handouts. The farming industry, of course, is lined up at the trough of government slop just like everyone else, and this secret farm bill could cost taxpayers billions of dollars in government subsidies that are tied to commodities prices (which are extremely volatile and could unexpectedly rise).
Bypassing representatives to concentrate power with the elite.

What this latest move demonstrates is that the supercommittee will now be used as a way to bypass the rest of Congress with yet more bloated government spending legislation that puts America further into a debt hole that increasingly appears to be headed toward total financial collapse.

That this is all being done without open debate in Congress, and without any public scrutiny of the actions of the 535 members of Congress is yet another disturbing sign that the very fabric of power in America is being deliberately destroyed and re-concentrated into the hands of the few — the “global elite” who now consider themselves kings who rule over the slave masses.

America needs hemp farming, not more bailouts for growing low-value crops. Of course, the ultimate farm bill for America would be the legalization of industrial hemp farming — a move that would unleash a whole new era of agricultural abundance across the nation.
Presently, the USA imports thousands of tons of hemp products each year from Canada, China and other countries. These products include hemp seeds, hemp fibers, hemp clothing and hemp oils. Why on earth is it illegal for U.S. farmers to grow these products when we import them from Canada anyway?

If anybody in Washington could pull their head out of the clouds, they would legalize hemp farming for American farmers. So instead of farmers earning pennies a bushel for growing corn or soybeans, they could earn dollars a bushel for growing hemp. This would put hundreds of millions of dollars back into the economy and create new jobs in farming, agriculture and hemp products. Legalizing hemp farming is the ultimate “jobs bill.”

Better yet, hemp grows without pesticides and requires little to no chemical fertilizers, either. It’s environmentally friendly, it makes money for farmers, and the demand for hemp products is absolutely huge.

The U.S. Constitution is written on hemp. Sails and ropes from the ships that brought America’s original explorers were made out of hemp, and the earliest renditions of the U.S. flag itself were also made out of hemp. Ever wonder why? Because hemp lasts! It’s more rugged than cotton and far easier to grow and harvest.

So why isn’t hemp legal in America? And why is the supercommittee in Congress secretly scheming behind closed doors to spend even more taxpayer money propping up a failed agricultural subsidy system that traps farmers in financial slavery while denying them the freedom to grow a crop that’s just begging to be met with additional supply?

The answer is simple: Because the U.S. government doesn’t want Americans to have economic freedom! And the DEA, in particular, doesn’t want to give up its tyrannical power over everything related to marijuana. Yet another reason to rise up against tyranny and government oppressio.

If the People of America are to have any hope of restoring their freedom to farm, freedom to garden, and freedom to consume plant-based medicine, they are going to have to take those freedoms back (with protests and Free Speech, not with violence) and remind the government that it has no right to tell the People what they can or cannot grow on their own land, with their own hard work.

Heck, the U.S. military is in Afghanistan right now helping the locals grow heroin crops! This is on the record. So why is the U.S. government guardian (of) opium farms in Afghanistan while criminalizing industrial hemp farming in America?

Because Washington is insane, of course. Agricultural policies are set not to help the American farmer, but to centralize power in Washington and either criminalize or financially enslave as many American citizens as possible. It’s all about stripping power away from the People and delivering it to the hands of the few.

Once again, the only man who takes a consistent stand against all this insanity is Rep. Ron Paul. If you support the legalization of hemp farming, the legalization of food freedom and the ending of the ludicrous “war on drugs” and all the millions of innocent people rotting in our prisons today for merely growing and selling a medicinal plant, then your only logical candidate is Ron Paul. [We warned you of this when this Committee was set up. This Committee is a mirror image of the Enabling Act of 1933 by the National Socialist (NAZI) party, that made Adolph Hitler a dictator. This is what is going to happen to the US. It supposedly was set up only to deal with debt reduction under the debt extension and we told (you.XX) it would be used for everything to by-pass Congress. Instead of working on budget deficit they were working on a secret farm bill. Bob]

By bluejay
11/16/2011 10:50PM

Excerpt from a Sacramento Bee story by Stephen Magaguini in 1998 entitled, "Chinese Transformed Gold Mountain(California):" Part 3

In 1863, California's 25,000 Chinese miners enjoyed their best year, pulling gold out El Dorado, Placer, Amador, Calaveras, Butte and Trinity counties. But by 1868, nearly all had left the mines. Some joined the new wave of Chinese immigrants who came to build the western leg of the transcontinental railroad, completed in 1869.

They were hired by Charles Crocker, who figured if their ancestors could build the Great Wall over mountains and tundra, they could lay track over the Sierra Nevada.

Chinese later played a huge role in California's agricultural development, building Delta levees based on the Pearl River Delta in Kwangtung province, planting orchards and raising potatoes, onions and asparagus.

A smattering of East Indians, Malays and South Sea Islanders also made it to the Gold Rush.

Chief among those were the "Kanakas" (native Hawaiians), great sailors who worked on many of the schooners that came to California. John Sutter, who sailed to Sacramento from Honolulu with a crew of 10 Hawaiians, said "I could not have settled this country without the aid of the Kanakas."

By Rick
11/16/2011 5:57PM

Well, if the judgement is a sucker-punch, we will gather our resources and spirit anf fight back via appeal....

My gut tells me that we will survive before that crappy bad-dream ever becomes plausible. I am an optimist, the nature of why we chase our dreams with such passion, determination and vision.

Let's focus on the future underground.

By bluejay
11/15/2011 10:17PM

Who is really trying to steal some of our properties with this bogus miscarriage of justice started by the Water Board?

Who stole $700 million from MF Global? Its head Jon Stevens Corzine, the past governor of New Jersey and past U.S. Senator, went crazy with all the financial exposure he put on the backs of Global's customers. Currently, the heads of the SEC and CFTC can't figure out where the money went. Maybe it's suppose to stay that way with American pockets getting picked again.

MF Global is a brokerage house. Some of their accounts had commodity positions and evidently their CME positions don't exist any more. The CME is suppose to insure their members accounts against fraud but they say, they'll only cover 50% of them.

Both Global's Corzine and the head of the CFTC, Gary Gensler, held prominent positions at Goldman Sachs during the late 1990's.
Did any Water Board members or State officials ever work for Goldman Sachs?

I heard one of the newly appointed Prime Minsters of either Greece or Italy use to work for Goldman Sachs. At the end of the linked article below is the translation of a European editorial voicing negative opinions concerning Goldman.

Mary Shapiro's integrity as the head of the SEC is being questioned by both Bob Chapman and Marrtin Armstrong. The SEC was one of MF Global's regulators. In the linked article "SEC's Lack of Regulatory Authority" written by Martin Armstrong, he points the finger at its head, Mary Shapiro.

http://www.martinarmstrong.org/files/Shapiro%20Corzine%2011-15-2011.pdf

By bluejay
11/13/2011 11:03AM

The SEC, the Master of Euphemisms

From the Autumn Trends Journal:

The S.E.C. Faults Credit Raters, but Doesn't Name Them

The spin: "An examination of credit ratings agencies found repeated instances of the companies failing to follow their own procedures or to manage conflicts of interest adequately."

The spin un-spin: The rating agencies twisted their own rules to allow their clients to defraud the public. And it was more than just the rules being twisted. The entire client.rating agency relationship had been turned upside down. In the old days, the clients of agencies were investors who purchased corporate debt. Today, it's not the buyer of debt(investors) who pay the rating agencies to rate the investment, but rather the firms that issue the debt.

The spin: Several inquiries found that the agencies had issued inaccurate reports, failed to report or manage conflicts of interest and appeared to put generating revenue ahead of rigorous financial analysis.

The spin un-spin: "Inaccurate reports" = Lies. "Failed to report or manage conflicts of interest" = Fraud. "Appeared? It didn't appear, it was! "Generating revenue ahead of vigorous financial analysis." This is Econo-Waffle! It makes it sound as though there was a regrettable lapse in otherwise high professional standards, rather than a bunch of ruthless crooks complicit in deliberately ripping off billions from investors who trusted their ratings.

The spin: "For the investing public, however, the S.E.C.'s report is likely to be of limited value because the commission did not name the agencies at which it found deficiencies. Instead, it described its findings as having occurred either at one or more of the three large agencies - Moody's Investor Services, Standard & Poor's and Fitch Ratings - or at one or more of the seven smaller ratings firms."

The spin un-spin: "Investing public" - victims of the fraud. "Limited value" = worthless and useless. "Did not name the agencies" = refusing to divulge to both the investing and non-investing public the names of the crooks. "Deficiencies" = Lies, Frauds, Misrepresentations.

The spin: "The S.E.C. also said the procedures at one of the large ratings agencies "appeared" to allow for limited dissemination of a pending rating action in some instances prior to public dissemination."

The spin un-spin: Kept new ratings hidden from the public so that their cronies could cash in on the inside information. In other words, giving the bookie the inside tip on the winning horse.

These are just a few of the examples that Gerald Celente published with their statements and his take on what they had to say.

By bluejay
11/13/2011 9:51AM

From the Autumn Issue/2011 of Gerald Celente's, The Trends Journal:

Benjamin Franklin summed it up pithily, more than 200 years ago, in his much-quoted but seldom heeded observation, "He who trades liberty for security, deserves neither and will lose both."

By bluejay
11/08/2011 3:15PM

Could a Brenton Woods II save the world economy from imploding? Martin Armstrong explains a two sided world as we approach financial armageddon:

Everyone knows something is wrong. Not everyone can put their finger on it, but they just instinctively know something ain’t right. One participant of the Occupy Wall Street movement across the street from me in Philadelphia holds up a sign saying “too many grievances to list”. Others just assume we have a White Knight in shining armor ready to charge in and save the day. There is certainly no shortage of optimists that just want to believe everything will be alright. They argue we will “grow” our way out of trouble like we always have done. This group stands in contrast with those calling for the end of the world turning gold into a religion and get angry if you say there will be even just a brief pause in the price advance.

Gold is the perfect hedge against a Sovereign Debt Crisis. However, it is a matter of TIME and the majority does not see it that way. Nonetheless, this is what makes the Business Cycle function. It requires two opposite extremes that refuse to consider any other alternative. In this sense, these two extremes are like the optimist who falls off of the top of the Empire State Building and as he passes the 4th floor says: “Well so far so good.”

Both are entrenched in their ideas beyond discussion. On the one side, some refuse to think that civilization can ever collapse as it has done many times in the past. At the other extreme the Gold advocates who argue only gold is money and all fiat is evil without any realization that to create a world with absolutely no fiat is to return to the Dark Ages when there were no banks, no financial markets, no leveraging, no credit, and no jobs – just serfdom.

If M3 shows a money supply of $6 trillion and the total market cap of NYSE stocks is $15 trillion, guess stocks by law should not be allowed to trade above the total money supply since this too would be fiat! According to Wilshire Associates, the total U.S. market cap of US stocks was about $15.35 trillion at the peak in 2007 compared to the world at $51.23 trillion.

The only time that existed without some sort of fiat system in 6000 years was the Dark Ages when money itself was rare and you were most likely a serf. Then there is the academic crowd who only focus on the domestic economy and ignore the global economy. While everyone screams at each other, the real economic nuclear bomb keeps ticking away on a global scale with a countdown to an international Financial Armageddon - debt.

By bluejay
11/07/2011 9:49PM

Chances seem to be moving towards another big US bank fiasco with their growing involvement in selling billions more worth of CDS insurance contracts thinking the Greek tradegy is fixable. Remedying weekly Eureopean debt problems with more extended debt to its weakest countries only works in their dreams.

The following appeared Saturday in Bob Chapman's International Forecaster:

While Europe tries to sort out its problems US banks have bet heavily on a solution. The money center banks have increased sales of insurance against credit losses to holders of Greek, Irish, Portugal, Spanish and Italian debt in the event of default. These are figures from the BIS, the Bank for International Settlements. The numbers leaped from $80.7 billion to $518 billion almost all of which are CDS, credit default swaps. New York banks, which in great part own the Federal Reserve, obviously are going for broke. That means in the last three months they added $350 billion in exposure. All we can say is that they must have a death wish.

As events change from moment to moment regarding Europe’s problems, predictions are difficult due to the machinations and irrationality of the elitists and the governments they control. How conceivably can governments’ bent on world government and the bankers who control them come up with solutions for the Greek euro and other EU problems? They cannot, of course, because they have an ax to grind. These are the same incompetents that created unregulated derivates, CDO’s, CDS, ABS and MBS, plus were the driving forces behind QE 1 and 2 and stimulus 1 and 2, all of which did not work.

By bluejay
11/05/2011 1:41PM

Greek Prime Minister George Papandreou barely survived a confidence vote with a slim margin of 153-145. This pretty much guarantees needed funds for Greece in continuing to make interest payments on its growing debt burden. Their potential financial powder-keg explosion just got moved back in time some with the pushing back of some burning brush, that's all.

It seems bankers who have sold CDS's insuring against debt failures just got a big reprive until the expected general election in February.
The problem with CDS's is that experts believe the banks who wrote the CDS's, for buyers insuring their long positions on the Greek debt, won't be able to pay-up if the country defaults thus causing a major world financial crisis in addition to the expected damage to the Euro that would result.

A credit default swap (CDS) is similar to a traditional insurance policy, in as much as it obliges the seller of the CDS to compensate the buyer in the event of loan default. Generally, the agreement is that in the event of default the buyer of the CDS receives money (usually the face value of the loan), and the seller of the CDS receives the defaulted loan (and with it the right to recover the loan at some later time).(Wikipedia)

By Rick
11/02/2011 4:29PM

The repeal by the Clinton Administration of the Glass-Steagal Act is the genesis, along with the JReno Justice Deptartment (ahem) in collusion with Dem-led Congress (ahem BFrank) all is the direct cause of the huge mess.

The poor miss-informed Occupy crowd, as we know, has been duped...

Apparently Major Blooom finally admitted it today.

Let's see, here you go:

"You can buy a house for nothing down, and all you have to di is sign here....ahem, yes, on the line that says Democrat Party."

"What do I have to do? I can't pay the rate in four years! I can pay it now, but what then??"

"No worry....just sign where it says 'you get a new house!' and be sure to vote Dem, or else your new house will be, well, maybe in jeopardy of being repossess by the evil Wall-Street crowd, and the evil Repubs."

"Gosh, thanks, Mr. Barny! We couldn't do it without you!!"

Never mind that the poor people who could never afford them in the first place had to be the pawns.

WHAT A SCAM!!!!

All the $$ ending up back in the Dem piggybank. VOTES purchased.

By bluejay
10/31/2011 7:17PM

Welcome To The Age Of Bank Failures

The Age of Bank Failures

19 October 2011

By Greg Hunter’s USAWatchdog.com

The U.S. stock market surged yesterday on news the European Union (EU) would deploy a two trillion euro rescue fund to help get its sovereign debt crisis under control. This news was so good even battered Bank of America stock jumped more than 10%. Crisis averted? Hold on, not so fast. Some big French banks are in trouble because they are up to their necks with sovereign debt. Naturally, President Nicolas Sarkozy wants action now. Yesterday, the Financial Times (FT.com) reported the French leader said, “. . . an unprecedented financial crisis will lead us to take important, very important decisions in the coming days.” Raising the sense of urgency, the French president added: “Allowing the destruction of the euro is to take the risk of the destruction of Europe. Those who destroy Europe and the euro will bear responsibility for resurgence of conflict and division on our continent.” (Click here to read the complete FT.com story.)

Jim Rickards of Tangent Capital says you have to distinguish between the bonds, banks and the euro. He said recently in an interview on King World News, “The bonds are definitely going to crash and burn. The bonds are toast. . . . The banks own the bonds, and if the bonds are toast, the banks are toast. . . . But that doesn’t mean the currency is toast.” (Click here for the complete King World News interview with Mr. Rickards.) Rickards expects the euro currency will survive, but many banks will not.

Reggie Middleton of Boombustblog.com says the reason for the coming bank failures is simple—high debt loads. Middleton says many European banks have 40 to 1 leverage. He recently explained how dangerous this was by saying, “I take a dollar and I borrow $39, and I go out and buy something with it. All you need is a 2% move to totally wipe you out—100%. And we all know a lot of sovereign bonds have moved a whole lot more than 2%.” (Click here to see more of Middleton on the Boombustblog.com.) Middleton is expecting more European bank runs as the crisis picks up speed.

Dr. Martin Weiss of MoneyandMarkets.com is also predicting “European megabanks will collapse.” In a recent post, Dr. Weiss said, “Sovereign debt defaults will trigger more bank failures. More bank failures, in turn, will precipitate more sovereign debt defaults. This vicious cycle will cut off the flow of credit to businesses and households, sink the global economy into a depression, and perpetuate the vicious cycle. Ultimately, we will see an extended period of great economic hardship for billions of people on every continent.” (Click here for the complete Moneyandmarkets.com report.)

The risks associated with the European sovereign debt crisis are not overblown. Some of the top government financial officials know all too well the real world consequences of a daisy chain of out-of-control debt defaults. Just last month, Bloomberg reported Treasury Secretary Tim Geithner’s warning to the EU. The report said, “. . . Geithner pressed European policy makers to intensify their efforts to end the 18-month sovereign debt crisis and avoid the “threat of cascading default, bank runs and catastrophic risk.” In his strongest public push yet for Europe to step up its crisis-fighting, Geithner said strains in the euro-area’s budgets and banks are the “most serious risk now confronting the world economy.” (Click here for the complete Bloomberg report.)

The EU can’t save all the banks, but that is not going to stop them from printing money to pick and prop up winners. As we all know, every bank cannot be a winner. The problem is so big that European banks are allowed to lie about the value of their assets to project the image of solvency. The same is true for American banks. When European banks start failing, there is no way U.S. banks will be able to avoid being sucked into a vortex of default. For anyone who thinks this crisis can be resolved with a pain free plan—forget it. Welcome to the age of bank failures.

By bluejay
10/23/2011 7:23PM

From the Mountain Messenger under "The Sixteen To One Mine In The Crosshairs from 9/30/11:

"No matter, declared the AG. The case, the prosecutor argued, is not about the deficiencies or crimes of the government: it is solely about the missing documentation. The justice of the situation doesn’t matter. Only the $2 million is at issue, which must be imposed immediately."

"The justice of the situation doesn't matter? Only the $2 million is at issue, which must be imposed immediately."

Give me a break, Mr. AG. One wrong doesn't make a right! If a judge can't see where you are coming from then we're all destined to be robbed by the State. If a $2 million assessment is ordered against the Mine it will just be the beginning of an extreme tyrannical power play to fix the out-of-balance incompetent management of the State's financial affairs.

"The $2 million must be imposed immediately?" Immediately, yes I would suppose it would have been better to submit the reports and then later protest but just look at all the expense in the past just to get the attention of the Water Board to understand that the mill was closed. The money that was to be used for the in question water tests was used up in time and expenses just to get the Board's attention that the mill wasn't open any longer which they refused to recognize over and over again.

What were we suppose to do, sell body parts to pay for the tests that proved that a closed mill wasn't operating anymore?

It's fairly obvious what's going on here: The Water Board has a personal agenda against the Mine's president and his staff along with a AG that has been probably ordered by the Legislsture to go find some money with the added benefit to him that a conviction and big settlement would be great for his overall batting average.

The conviction rate of Federal prosecutors is near to 99%. At whose expense? It's a fact that part of those convictions put folks in jail who were innocent people, who were not criminals. Martin Armstrong reports that it was these innocents who were the great majority of suicides while in captivity.

I hope the judge has some compassion for the potentially many shareholders that will be financially affected over a trivial matter that began with the Sixteen To One officers and staff showing the Water Board how incompetent they really were following many face to face hearings.

No one likes to be wronged, not even the Sixteen To One Mine, but when the Water Board gets personal and vindictive its time for higher authorities to reassess what truly their responsibilities are and determine if there are grounds for disciplinary action that have brought the office of the AG into an unjust action in which could turn out to be an embarrassing incident for the State.

By bluejay
10/23/2011 3:50PM

Is the root of evil for us at the Water Board resulting because we never passed stuffed envelopes under the table to them but instead, just asked them to do their job?

"What truly exist(s) are corrupt corporations paying bribes to government for favorable treatment. End lobbying, pay for all elections and then you will eliminate the influence that has corrupted society. Those who run for office (1) cannot use their own funds to retain that office or run for election, and (2) install one term only rule. Make politics once again an honorable position, not a profession.

Do that and gut the regulators and courts and you will see the light of FREEDOM shine once again and return government to the people."

Martin Armstrong

By bluejay
10/15/2011 4:25PM

/More from Bob Chapman/

Most of these corporate miscreants are technology and pharmaceutical giants, who need a tax break like they need a hole in the head. This is 2004 all over again, but this time the number is $2.2 trillion not $350 billion. Back then they were supposed to create jobs. They created very few and took the funds to buy their stock to push up the price, so officers of these corporations could cash in their options and make hundreds of billions of dollar(s). This time they’ll do the same thing and make trillions, as Americans suffer in the worst depression since the 1930s.

fact these corporate titans laid off thousands of workers the last time around.
The revenues being lost by government would have accrued to the people over the next ten years, but the elitists cannot wait. They want their money now.

They are Apple with $12 billion, Microsoft with $29 billion and Goggle with $17 billion for starters. These are not corporate derelicts. Politicians cannot agree on a debt extension, but they have no trouble agreeing on a redistribution of the people’s taxes upward to the very rich. This is really what Occupy Wall Street is all about.

Last time around we saw the same lobbying and the return on their investment 22,000%. There was no domestic investment, no more jobs, just less and no R&D. Shareholders of the stocks of these companies made out like bandits. It is a fact these companies laid off some 21,000 workers after they received their largess. Pfizer, which repatriated $35.5 billion, then laid off almost 12,000 employees.

Compensation for the officers of these firms jumped almost 30%. Are you getting the message?
If nothing else this is totally unpatriotic. The average American suffers, as the rich get richer. They want to laugh all the way to the bank again. It is no wonder people are enraged.
What will happen again is no one will be hired, corporate share buybacks and dividend payments will increase and our deficit will widen, as tax revenue spikes downward.
This can only happen in America, the most corrupt country in the world.

By bluejay
10/15/2011 3:33PM

In today's International Forecaster, written by Bob Chapman:

America’s corporate criminals are not satisfied with depriving 11.7 million Americans of their good paying jobs, but now they are pushing for a repatriation tax holiday for $2.2 trillion they hold in tax havens offshore and pay little or no tax in the process.

The momentum is underway by transnational conglomerates that have hired hundreds of lobbyists and others to cajole and pay off politicians to get their legislation passed, which will screw American taxpayers out of $787 billion in tax revenue. This cannot be called anything else but a tax giveaway to multinationals who along with Wall Street, banking, insurance and Parma companies that control our country by buying off these same politicians. It is just like another travesty, the Import Export Bank that guarantees US investments in foreign lands at taxpayer expense.

A bill has been introduced by Senator John McCain and Senator Kay Hagan to lower the repatriation tax to 9%. Eight years ago they pulled this and had a 5-1/4% rate. There is a similar bill in the House, as Senator Charles Schumer brings Democrats in line for their payoffs for expediting the corporate payoffs. Only in America!

This is a redistribution of wealth to the rich. A corporate subsidy – corporate welfare as American unemployment hangs at 22.6 and inflation hovers at 11.4%. This is the total corruption of the political system, and the apex of corporate greed and Congress could care less, as long as they are paid off.

By Rick
10/12/2011 6:42PM

California AG Kamala Harris should prioritize:

How about waking up and prosecuting the CDAA, the Regional Water Boards and do some actual meaningful prosecuting.

I'd love to see the robo-signatures that rubber-stamp the rogue behavior of these crooks.

By bluejay
10/11/2011 11:42AM

California pulls out of 50-state foreclosure talks

By DON THOMPSON

SACRAMENTO, Calif.

California Attorney General Kamala Harris says she will not agree to a settlement over foreclosure abuses that other state attorneys general are negotiating with major U.S. banks.

Harris' announcement Friday is the latest to undermine a settlement that had been in the works between the banks and attorneys general in all 50 states. Other states including New York also have expressed reservations.

The agreement was supposed to settle claims of poor mortgage and foreclosure practices, including document fraud known as "robo-signing."

Harris says in a letter to state and federal negotiators that the pending settlement is "inadequate" and gives bank officials too much immunity.

She says California will go it alone in negotiating a settlement.

Iowa Assistant Attorney General Patrick Madigan says the multistate effort will continue.

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