July 6, 2022 



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 By Michael Miller

06/15/2011  12:35PM

Shovel Ready was the initial cry when the government announced it planned to release billions of dollars to excite the economy. The Sixteen to One was shovel ready. If you remember, I was negotiating a bank loan guaranteed by the US Department of Agriculture. My expectations of success in getting the loan rose after each meeting with the bank and federal people. Oops, the September 2008 crash effectively stopped our paperwork. The USDA affirmed its commitment, but I could not find a bank or other lending agency to make the loan even though it would be 100% secured. One banker said the reason why banks can’t loan is because of federal banking enforcement. I gave up looking for a loan. Part of the federal government wanted to create jobs and part of the federal government was a job killer.

Shovel Ready is the cry again. Jobs are necessary to turn our country around towards prosperity and fun. Yes, fun! The Sixteen to One is shovel ready but with perks unlike most other shovel ready projects. Jobs will produce gold, which is new wealth. New wealth is how prosperity increases. Gold also creates confidence in others to look at California’s serious mineral wealth. Come on you rich guys, have a little fun you’re your money. Go hunt for gold.

Twenty-five years ago California had a thriving mining industry. The wealth brought from the earth sifted through many hands. This industry spends money. If anyone doubts gold’s affects of society and individuals, please read some history.
 By martin newkom

06/15/2011  9:50AM

We have an at or near spot market
at $1,500/troy oz. There should
be hordes of new investors climbing over themselves to get on the bandwagon with new monies for stock at that "spot" level.
Who would ever think it would get to such a level?We need investors
hopefully with VISION!!
 By bluejay

06/14/2011  8:35PM


$6.6 billion in reconstruction funds earmarked for Iraq was stolen, not $11 billion as reported earlier.
 By bluejay

06/14/2011  7:34PM

It must be nice for someone taking in all that drug revenue.

U.S., Afghan Officials Discuss Extending Military Presence for Decades

The Guardian newspaper reports U.S. and Afghan officials are locked in secret talks about a deal which could result in U.S. troops, spies and air force power remaining in Afghanistan for decades to come—well beyond the scheduled 2014 withdrawal. The talks come at a time of growing opposition to the war from both Republican and Democratic lawmakers. The Afghan war is already the longest war in U.S. history.

From http://www.dmocracynow.com today:
 By bluejay

06/14/2011  7:04PM

With gold at $1500, you would think that there is, at least, one creative mind in Sacramento that's not asleep who could envision the benefit to the State for supporting and bringing back the gold mining industry.

It looks like Quebec has a well thought out plan to increase jobs and its revenue in the years ahead:

Quebec Premier Charest In New York To Promote Plan Nord, Seek Investment

14 June 2011, 5:24 p.m.
By Terry Wooten
Of Kitco News

New York - (Kitco News) -- Quebec Premier Jean Charest pitched his Plan Nord for a comprehensive development of the province's northern lands to U.S. investors Tuesday, outlined its details before the Foreign Policy Association, and was given the organization’s Statesman Award.

Charest launched the 25-year plan on May 9 and that he envisions it will generate more than $80 billion in investments and create or consolidate 20,000 jobs a year in Northern Quebec. Charest was in New York Monday and Tuesday to meet with investors. He said he plans to go to Europe next week for meetings in several countries.A trip to Asia to pitch the project in China and other Far Eastern countries will be scheduled later.

The premier said investor reception in New York was “positive” and he attributed the reaction to the preparation of the 25-year plan.

Charest noted Plan Nord should generate $14 billion in revenue for the government and for Quebec society.
 By bluejay

06/14/2011  10:42AM

I guess they don't like to talk about the $11 billion that was stolen from taxpayers in Iraq. It is the biggest cash holdup in the country's history. It's an old story, just before everything folds the Treasury is looted by those in power.
 By Rick

06/13/2011  8:00PM

The Bam admin today went on record saying that they "didn't know what shovel-ready" really meant in today's terms when they went on record touted shovel-ready jobs as the instant fix to the man-made over-extension (D) in housing derivatives....


Remember their targeted 'stimulus money' ....that 6-8 billion $$s....twice....to fix things with shovel-ready jobs.....

Make no mistake...they knew they were siphoning our money through a slush fund towards public-sector unions in the name of "Shovel Ready" jobs.

Well, I've read a lot. And I'm pretty smart.

This is a very good time for us all to look closely into their motives....their definition of getting the shovel ready, and especially if you're from Chicago.

Shovels for what??? Oh, yeah, there is that.

As for real REAL ready jobs for the shovel....this small town in Alleghany has a few shovels ready to go to work, if only the regulators and the non-freedom crowd get's their asses off of ours.
 By bluejay

06/12/2011  11:33AM

The greatest risk of all is having a middleman between you and your money.

Bob Chapman comments from yesterday:

The world’s biggest bond fund is flat US securities and is short Treasuries. Commercial entities endowments, nations and individuals worldwide, are buying gold and silver to protect their assets. These moves are moves of no confidence and we believe they are correct.
They are afraid they will not be able to access their assets. Will they be able to remove their funds from banks anytime they want? Banks change the rules at will. They do what they want. Recently in France its biggest bank cut cash withdrawals by 50%. That can be done in America as well. There are laws that allow such restrictions. Do not forget the bank has loaned out your deposit and then some. The average bank today has lent 40 times its deposit base. That is called fractional banking and the historical lending rate is 9 to 1. As you can see banks are way over extended. They function by deceiving the public and there may soon some time when you can only get part of your funds or perhaps none at all. In the case of bankruptcy or major bank bankruptcies the FDIC would have to request funds from the Congress and Treasury; funds they do not have. Their only alternative would be to print money, which would cause more inflation and dilution. Purchasing power would fall as would the dollar and inflation would rise further. That means you only keep three months operating expenses in the bank and do not own CDs. Banks today are very vulnerable, as are other thrift institutions. Many are already bankrupt and are being kept afloat by the Fed. Many are keeping two sets of books. If you were to do that you would go to jail. Remember, that when banks fail and the FDIC pays off it is you the taxpayer that is bailing out the depositor.
 By David I

06/11/2011  6:02PM

Money is like oil on water, the bigger the pond, the thinner the film. It is nice to have big onions. The expression of Rick has merit
 By Rick

06/11/2011  4:44PM

A congressman (D) recently explained all this: "QE2, and what's more, QE3 is no doubt the next absolute and necessary answer to our debt crisis, since once QE3 is passed, it will no longer be a crisis."


No, not a direct quote, but paraphrased from the guy that actually had the onions to say that there isn't a problem since the Fed can print money to cover our debt.

 By bluejay

06/11/2011  10:16AM

From Jim Sinclair's website, http://www.jsmineset.com:

"Joe America is largely unfazed, however. Sure, there are pockets of hurt, and there are many, many people who have re-evaluated their personal situations and have embraced individual austerity. Yet in the aggregate, we’re back on the credit card.

It is hard to discern at this point whether the uptick in borrowing is for essentials or discretionary goods. Based on the anecdotal evidence, it is likely both. People have been trained to borrow, make minimum payments, and to live as a servant to the creditor.

When you think about it, the ‘money’ that has been used to create this servitude has been created from nothing, yet must be repaid with something very real – the sweat of one’s brow. Hardly seems like a fair deal to me, yet we not only accept it, we demand it. Have we really spent any time thinking about these matters?

It is almost funny when I look at the latest opinion polls regarding the national debt. The vast majority of Americans think that Congress needs to put the country’s fiscal house in order, yet most of those same people refuse to do it in their own backyard.
 By wlkirk

05/20/2011  9:28AM

Bluejay, The one thing we do learn from history is that we don't learn from history.
 By bluejay

05/20/2011  8:20AM

Martin Armstrong's linked story of What Destroyed Rome is a great history lesson. Are we destined to repeat history?

 By Rick

04/30/2011  7:23PM

Let's change the focus to a discussion of documented corruption, on a local level to begin with.
 By bluejay

04/29/2011  9:08AM

The Corruption Of Law Leads To Tyranny
by Paul Craig Roberts

KINGSTON, NY, 29 April 2011 — Remember when Secretary of Defense Donald Rumsfeld told the world that Guantanamo Prison held “the most dangerous, best-trained, vicious killers on the face of the earth” and gave assurances that nevertheless “we’re treating these people as if the Geneva Convention applied?” www.defense.gov/news The files on each prisoner, leaked by a US government whistleblower to Wikileaks and now available to the world, prove beyond all doubt that Rumsfeld was lying as was President George W. Bush and Vice President Dick Cheney when they repeated the lies.

The successor Obama administration in Washington, after the release of 607 of the “most dangerous men on earth” for lack of any evidence that represented any kind of danger at all, many after being tortured and abused, now claims that the remaining 172 are too dangerous to release, despite the lack of any evidence that would allow the government to try them.

Since the US government admits it was wrong in 78 percent of the cases, how do we know that the government is right about the remaining 22 percent?

Astonishingly, the government is afraid to attempt to try more than 40 of the remaining prisoners even in its special kangaroo courts – Military Tribunals – set up specially for the purpose of trying people with secret, non-declared evidence. That leaves 132 to be held in prison for their lifetimes without any evidence ever being presented against them--not even show trial “evidence.” Even Joseph Stalin’s victims got a show trial.

The Guantanamo prisoners were a collection of the most unlikely “dangerous people in the world.” How dangerous is an 89-year old villager suffering from senile dementia or a 14-year old boy who had been kidnapped?

Many prisoners were not even suspected of being al Qaeda, Taliban, or anything other than a possible source of information. One British citizen was held for years simply because he had been captured and imprisoned by the Taliban, and the Americans thought he could tell them about Taliban interrogation techniques. A cameraman for the Arab News Service, Al Jazeera, was held in order to question him about the news service, which is based in Qatar, an American puppet state. Most of the prisoners were simply people kidnapped by warlords and sold to the gullible Americans for the bounty that the US paid for “terrorists.”

Obviously, President Bush’s assurance (September 6, 2006) that “we have in place a rigorous process to ensure those held at Guantanamo Bay belong at Guantanamo” was just another lie.

It turns out that the only evidence that the Americans had of “dangerous men” were the inventions conjured up by men under torture or by men producing “evidence” against others in exchange for their own release. Having violated all known laws in order to hold the prisoners, the US government was desperate to produce evidence that the prisoners were dangerous men.

Yemeni prisoner, Yasim Basardah, invented information against 135 of the Guantanamo prisoners. Abu Zubaydah, described by the Americans as the third-ranking leader of al Qaeda, turned out to be a lowly car pool driver, but nevertheless produced “evidence” against 100 other prisoners after being water-boarded 83 times. Even the prison camp commander realized that the “evidence” was bogus.

The sordid truth of Guantanamo is that the US government needed examples to justify the massive “terrorist threat” that it declared with alert set on orange, one step below red, as a permanent fixture of American life. Like Stalin, earlier, who needed examples of “enemies of the people,” the US government conducted “street sweeps,” which was the way the Soviet secret police produced “enemies of the people.” The Soviet police would just go out in the streets and arrest everyone there. The Americans took people out of Taliban prisons, university libraries, and paid bounties for kidnapped victims. These people became “the most dangerous men on earth.”

The lawlessness and brutality associated with Guantanamo were pointless. The US government destroyed the reputation of the United States and the rule of law for nothing. It is a terrible experience to have years of one’s life stolen and to be tortured into false confession, but the price that Americans will pay will be much higher.

The Obama regime has endorsed the Bush regime’s violation of the US Constitution. It has made indefinite detention in concentration camps an enduring American institution. Habeas corpus, due process, and the right to an attorney are now dead-letter legal rights for anyone accused with or without evidence of being a “suspect.”

The rule of law has been murdered. The routine abuse of citizens by unaccountable powers – such as air travelers forced by Transportation Safety Administration to submit to radioactive scans or endure intrusive gropes – is seeping into all aspects of American life. The latest manifestation is the practice of state police downloading all information from motorists’ cell phones when they are stopped for traffic violations. www.businessinsider.com

A government based on fear of terrorism, whose executive claims power not limited by the Constitution or Congress for the duration of an open-ended “war on terror,” will create a state of tyranny.

Only a highly aroused people who refuse to submit can escape the coming tyranny.
 By Rick

04/18/2011  6:35PM

Everything gets more clear by the moment:

Gov Regulation is the enforcement branch for the true reason: funding government isn't the reason for taxation.

Again: (as the Bam admin sees it, and for that matter the cronies on the other side of the seating arrangement)...

Taxation in that mind-set isn't about funding the government, but rather, using taxation dollars to redistribute, and BUY VOTES.

Case study: "Gov's ging me $$$, let me vote to make sure I still get some."

Back to the top of this post: Regulation has become the enforcement branch. Gestapo Vote Buyers.
 By martin newkom

04/18/2011  2:28PM

Here is an interesting GOLD story
right in the "16-1" back yard. I
believe I may have related same
before. My wife's grgpa came from
France around the "horn" to Calif.
in around 1848-49, came to the
goldfields and at one time mined
Kanaka Creek somewhere below the
Sixteen. On an occasion of prying up a big rock discovered
a relatively large nugget which,
according to our narrative,
weighed approx. 20oz troy. Well
the gentleman expressed the
nugget's description in french:
BIGRE!! Of course, he wrapped it
in his handkerchief and hid it.
The gentleman eventually mined
enough to leave and go to San
Francisco and get into the meat
business. He later sold out and
went to Sonoma Co. and went into
the Winery business.
 By bluejay

04/13/2011  9:23PM

Due to my departure in mid-March for Mexico, I missed the release of Martin Armstrong from Federal prision being put there on trumped up charges.

Mr. Armstrong's latest report entitled, "The Other Side Of Inflation" is linked below. Mr. Armstrong, as usual, tells us about history that almost all of our schools saw fit not to teach us.

 By bluejay

04/07/2011  8:49AM

Squeeze The People

It's wondered, how can the blood sucking Water Board members sleep at night? The folks that commit moral crimes against their own will in the end be victims of their own consciences. The only survivors from the Water Board tyrants will be the sociopaths. People who have dealt with sociopaths know: what goes around, comes around.

The following comments were made by Bob Chapman in yesterday's International Forecaster:

“If you want to understand better why so many states from New York to Wisconsin to California are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government. It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers.
 By Michael Miller

03/30/2011  10:05AM

Answer to entry below: yes, it is related. On April 30, 2011, the mine property will be sold for back taxes; however, it is unlikely a sale will happen; however again, the company is looking for an investor to provide the money to pay the taxes. In return the investor will receive a good interest rate as well as exceptional security for the loan. The sooner this delinquent debt is paid, the sooner another corporate concern will end. Please contact me if you have money resting in a bank or other “investment” earning pennies. We could use your trust in the mine, the company and the crew.

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