September 19, 2020 
 Saturday 
 
 

Forum
Topic:
Miscellaneous

       

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 | Page 15 | Page 16 | Page 17 | Page 18 | Page 19 | Page 20 | Page 21 | Page 22 | Page 23 | Page 24 | Page 25 | Page 26 | Page 27 | Page 28 | Page 29 | Page 30 | Page 31 | Page 32 | Page 33 | Page 34 | Page 35 | Page 36 | Page 37 | Page 38 | Page 39 | Page 40 | Page 41 | Page 42 | Page 43 | Page 44 | Page 45 | Page 46 | Page 47 | Page 48 | Page 49 | Page 50 | Page 51 | Page 52 | Page 53 ]

 By bluejay

05/18/2010  10:44AM

The ever changing face of major banks.

The general business of big banking today has significantly changed from lending out depositor's money to using those same funds for market speculation. If that wasn't bad enough, the government is allowing them to falsify their net worth with relaxed accounting guidelines plus they are illegally hiding their write-downs.

Future generations will look back upon this system simply, as just being fraudulent. Is there any wonder that New York State Attorney General, Andrew Cumo, is investing eight big banks for providing the ratings agencies with false information concerning mortgage securities? The problem with keeping your money at the big banks is that they don't operate under the moral guidelines of fair play.

People generally have confidence in the FDIC to insure their money, or is it money? It's just representative of how many bills you have to part with to exchange them for gold. If your banks fails where is it written, when you actually get your bills back? Gold is constant with what it buys, the money or what's believed to be money, the Federal Reserve Notes, historically depreciate in purchasing power and are not constant. The Constitution defines money as gold and silver.

The Federal Reserve was created by bankers as a vehicle to bail them out at the public expense. Who bails us out? Got your gold?

The following linked article entitled U.S. Banks Illegally Hide Write-Downs by Jeff Nielson of bullionbullscanada.com clearly spells out what the banks are up to these days and what people need to know.

http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=11844:us-bank-fraud-illegally-hides-write-downs&catid=47:us-commentary&Itemid=132

It appears to be a "no-brainer" today in not trusting the big banks with your hard earned Federal Reserve Notes.
 By bluejay

05/12/2010  10:21PM

Dear Jim(Sinclair),

Here comes the litigation you warned about years ago. It looks more like fraud than mismanagement and the accounting firms seem to have helped every step of the way (just like Enron and Arthur Anderson). This is going to end badly (and already is). Every book of every corporation in the West is now suspect. My God, what have these people done?

Regards,
CIGA Pedro

Former Iceland bank chief hit by $2bn lawsuit
By Andrew Ward in Stockholm
Published: May 12 2010 14:20 | Last updated: May 12 2010 14:20

One of the main figures behind Iceland’s banking boom and bust has been hit by a $2bn lawsuit that accuses him of a “fraud” that contributed to the collapse of Glitnir Bank.

The rest of the article is available at jsmineset.com.
 By bluejay

05/03/2010  11:22AM

The fiat money bosses are getting really concerned lately as more and more people are putting their savings into gold and silver and dumping the fiats. What to do? As the politicians and their string pullers think it over. One new angle is to tax the producing companies and break the confidence of their shareholders who are hedging their exposure to paper money with share ownership. Another unspoken one could possibly be the encouragement of a few select banks to naked short all the mining shares.

And now the article below that makes a fruitcake-case for why gold will have to return to $800 an ounce.

Gentlemen: We are in a major bull market in gold. warning: Fight with it as you may, this big daddy of a bull will not be taking hostages.

From Jon Nadler's(the perennial gold bear) recent commmentary at Kitco.com:


Speaking of price corrections, at least possible future ones, Michael Crook, VP & Strategist at Barclays Wealth (the UK’s largest money manager with nearly a quarter-trillion in assets under management) made a stunning (for some) prediction on TheStreet.com that aired yesterday. Warning: not for the squeamish.

Mr. Crook argued that once the current crisis is over and gold starts to reflect its ‘fair, adjusted for monetary policy (post liquidity extraction) price.’ That price is about $800 per ounce in Mr. Crooks’ opinion. Yes, not the $7,000 per ounce price TheStreet.com was offered last week by one of its rip-roaringly perma-bullish guests. Mr. Crook is thus shorting the GLD. Period. Buying Jan. 2012 puts, to be precise. He also sees platinum and palladium (bullion and ETFs) as the ‘winners for the next decade.’
 By bluejay

05/03/2010  10:42AM

If you have it, they will tax it(or attempt to steal it).

Mine our resources? Then pay the taxman

Australia to impose 40% tax on resource companies’ profits
by BLOOMBERG
05:55 AM May 03, 2010

CANBERRA – Australia will impose a 40-per-cent tax on the profits of resource companies like BHP Billiton and the Rio Tinto Group to pay for infrastructure, retirement and company levy changes, as part of the broadest overhaul of its tax system since World War II.

The government, responding to Treasury Secretary Ken Henry’s 10-year tax plan, said the resource tax would start in 2012 and raise A$12 billion ($15.2 billion) in its first two years.

The move is to better tap the nation’s mining boom fuelled by commodities demand from China and India, and comes as Prime Minister Kevin Rudd prepares for an election later this year.

"This will use super profits on resources owned by all Australians," Mr Rudd told reporters, saying he was prepared for a backlash. "This will help convert Australia’s strong economic position today into enduring prosperity."

The changes set up a potential clash between Mr Rudd and resources companies that make up 9 per cent of the economy and which last week warned that a 40-per-cent levy and double taxation with state royalties would threaten some US$108 billion ($148 billion) worth of planned investment.

"If implemented, these proposals seriously threaten Australia’s competitiveness, jeopardise future investments and will adversely impact the future wealth and standard of living of all Australians," BHP’s chief executive officer Marius Kloppers said yesterday. The company’s effective tax rate will increase to 57 per cent from 2013, from 43 per cent now on its Australian earnings, it said.

BHP – the world’s biggest mining company with 51 per cent of its assets in Australia – will have earnings cut by 19 per cent as a result of the tax, Merrill Lynch said in an April 27 report. Rio Tinto, the world’s second-largest iron ore exporter, which has about one-third of its assets in Australia, would see a 30-per-cent earnings cut.

The government said it will compensate companies for the state royalties they have paid. But the critics were vocal.

The government runs the risk of "taking away from Australia the strongest industry we have and the one that saved us from the global financial crisis", said Mr Keith De Lacy, chairman of Brisbane-based Macarthur Coal, the world’s largest producer of pulverised coal.

Mr Rudd’s Labour government commissioned the tax review two years ago to create a simpler and fairer system to meet the needs of a growing and ageing population.

The government will use the resource tax revenue to create an A$5.6-billion infrastructure fund, cut company taxes to 28 per cent in mid-2014 from the current 30 per cent, and boost retirement funds, now worth A$1.3 trillion.
 By bluejay

05/01/2010  10:42PM

From the AAA's Travelers's Companion, via - May + June 2010:

"But for all the gold in safes and jeweley shops and Fort Knox, plenty is still in the ground. The U.S. Geological Survey estimates that 33,000 metric tons--nearly 1.2 billion ounces--awaits discovery in the United States, mainly in the west."

From the article, Eureka! Gold In The West. Author: Chris Woolston
 By bluejay

04/30/2010  9:47AM

Dave, it sounds like help is on the way, or is it?

The current outstanding OTC derivatives have the potential to completely burn down our financial house, many times over. Currently, there are enough of these garbage type contracts, if ever to be settled, that represent per person $190,000 each on the planet, or for a total $1,144 trillion as of December, 2007. The real scary news is that financial entities just keep increasing that size.

http://www.globalresearch.ca/index.php?context=va&aid=12753

These derivatives are basically insurance vehicles with no collateral behind them but many contracts are just used as betting devices, no different than the wagering that took place in the bucket shops during Jesse Livermore's days.

Chris Dodd has sponsored a new financial regulations bill in the Senate, debate is continuing. Isn't Chris Dodd the same guy that took financial favors from lending institutions without disclosing it? Remember Phil Gramm? He was also a supposedly, "do gooder."

What Gramm was instrumental in accomplishing, along with two other sponsors, was the passage of the Gramm-Leach-Bliley Bill in 1999 that gathered support from Clinton, Rubin, Greenspan and a cast of other "do gooders" in the murdering of the Glass Steagal Act that was originally set up to contain banker's greed and protect the people from that excess. The bankers tactical lust for more and more money was always with the same approach: Get them over-leveraged and then drop the boom. The end result was always the same, pain for Americans. Citizens got so incensed that they actually dragged bankers out of their offices in NYC following the panic of 1907 and hung many of them until federal troops arrived.

Is Chris Dodd another "do gooder?"

Derivatives are a complicated subject, few understand them. You just have to have Jay Leno interview passer-by's on Hollywood Blvd. to prove this point.

I'm not too sure what you're speaking of when you say, general banks and market banks. How would this effect, as a few examples, Goldman Sachs and J.P. Morgan, they drive on both sides of the street(investment and commercial banks) in financial circles as a result of the Gramm-Leach-Bliley Act?

I certainly hope there is an ever lasting fix for all the trouble these banking institutions have caused us all. But let's get real, this sector is always handing out money to the so-called last resort regulators in Congress and Senate. The question is following this media circus to pacify the furious people of this land: Will we still be used as a conduit from someone else's wealth into the coffers of the bankers, meaning the likes of Goldman Sachs and J.P. Morgan?

We all require leadership and someone to fall back on during trying times as we interact domestically and internationally with other countries and people. So far, our leaders have let us down as well as our representatives in governement.

Will they fix the gigantic derivatives mess? Their poor track record of failing to insure our well being(Social Security??) on a regular basis in the past strongly suggests otherwise.
 By Dave I.

04/30/2010  12:07AM

Listening to congress on C-span, they had the Commodities exchange type S.E.C. in for an inter view in front of the Senate. There will be a contract exchange clearing house set up to monitor the Derivative Market contracts. To provide full disclosure for review of contract exchange, and underlining value of the product. This market will not allow General banks to participate only market Banks.
 By bluejay

04/29/2010  7:23PM

Some comments from Jim Sinclair at jsmineset.com tonight concerning our over-paid and incompetent representatives in Washington(not to forget our own):

"I actually heard a major personality in the legislative say that the old derivatives could be fixed by new legislation. That it total world class crap. These guys making laws do not have a clue what they are doing. No standards means there cannot be a fix. An OTC derivative that is listed is no longer and OTC derivative, it is a listed derivative. What these guys do not know could fill a massive void of space."
 By Maverick

04/28/2010  12:28PM

Gold is the only answer. Maverick, aka Don Jones P.S. We both love Rae so we can't be all bad. "Those who cannot remember the past are condemned to repeat it"
 By Maverick

04/28/2010  12:18PM

Hey Rick, I'm not arguing with you experts - after 86 years of experiencing history, including the Great Depression, 3 1/2 years in a Real war and several times around some bumpy blocks(even a little gold mining), I finally realize that I can't solve any International problems and, in fact, not even my own! At this point I don't give a damn if the greedy people inhabiting this little blob in space file for bankruptcy, (as the scenerio unfolds) - this will just be another little blip in history as far as I am concerned.
 By bluejay

04/28/2010  11:33AM

More gold uncovered at the past producing Haile Gold Mine in South Caroline located within the Carolina Slate Belt of southeastern, U.S. The Carolina Slate Belt runs from Virginia to Alabama.

A company by the name of Romarco Minerals has been drilling the property for about the last 18 months with previous finds less spectacular than their currently reported "best ever" of 11.9 G/T gold across 60.7 meters. Romarco says they have 2.2 million ounces of gold as they continue to proof up more with further drilling.

Even here in California New Gold, operating close to the Mexican border, is proving up more gold in their newly acquired Mesquite Mine plus increasing gold production. Expect California's gold production to start increasing again with Mesquite's contribution.

The Mesquite Mine is currently an open-pit low grade operation. One wonders what hurdles New Gold had to jump over to get their permits? California is an intermationally known anti-mining state. The well known 29 year experienced Mickey Fulp, mercenary geologist, has stated on different occassions that California is anti-mining and should be avoided by investors.

The South Carolina gold rush started soon after a farmer brought in a large gold nugget for sale to a jeweler in 1802 from a stream on his farm that his son had found around 1795. For the preceding years the dirty nugget had been used as a door stop.

South Carolina's gold rush was America's first, reaching a fever pitch in the 1820's through the 1830's.

I continue to write my State representatives accusing the Water Board of evoking their powers out of self-interest to insure that funds are available for their payroll checks from demands for that money from corporate California via their improperly and shamefully imposed assessments.
 By Rick

04/28/2010  8:42AM

Dave, there is a vast difference between racial-profiling and national-profiling.

I do have mixed feelings about it, to some degree. Apparently there is some question about 'probable cause' being part of the equation. I definitely DO NOT endorse random profiling.

Dave...what then, should we do?

It is rather telling when federal over-regulation rams its authority into business, and then completely ignores its obligation to secure our borders (and boarders.)

The congrats that I wrote to the people of Arizona was not to endorse incarceration and deportation (or anything of the kind seen in Germany)of an ethnic group. It was meant to show the contrast between states rights and federal apathy in security, while federal over-regulation never
goes away.

Also to point out that the lack of border enforcement by the current administration is, by design, an attempt to add voters to its cause which will manifest itself when 'immigration-reform' results in more recipients of social-program dollars, more dependency and the inevitable cycle.

This directly will affect all of us, including the Mine, when, when power in Washington reaches into our pockets and regulates and fines private enterprise out of existence.
 By Dave I.

04/27/2010  10:53PM

I disagree with you Rick, I like other opinions of yours, but I think Arizona has gone to far in this racial profiling policy. It is akin to a police state similar to Nazi Germany during the Second World War, as they used such policy to challenge there Jewish Population.
 By Rick

04/26/2010  6:41PM

Congratulations to the People of Arizona for taking stock of the duty our Federal "government" has seen fit to ignore.

New focus in Washington....Deflect the argument: focus on immigration, out of the blue. RUN TO THE NEWEST CRISIS POTENTIAL!!!

This is what they are doing in Washington to eventuate the enrollment of new voters. Gotta buy new votes, right? Bring in the color / race card.

(Sorry, I don't disagree with anyone's color, the president's included, instead I disagree with the policy statements issued by the 'president' that suggest questions of citizen illegality, the sovereignity of our borders, are somehow 'mis-guided.'

Huhhh????

This directly relates to our Mine...because the same forces buying votes from potential voters are the same forces are attempting to derive their funding and sob-story-base via thug hold-em-up theft in the name of...wait, Mav, keep reading....

REGULATION.
 By bluejay

04/26/2010  11:57AM

Last on gold is $1154.10 as the $1160 area has attracted paper gold sellers on the Comex, some call it the Crimex. These guys are round- numbered-sellers, so it's better for buying coins when prices are reacting from these number plus zero areas rather than when they are approaching.

The SEC and the CFTC are inept organizations. It's a shame for there are some respectable people in employment there but they will always be subject to their handler's orders just to feed their families.

The government's blank check policy concerning national security is being used against Americans to steal their wealth and so-called freedoms in supporting a faltering fiat currency system. A current example is the CFTC ignoring testimony at recent hearings concerning proof of the manipulation in the gold market presented by Bill Murphy of Gata(available by searching youtube). This government sponsored suppression scheme has cost our company dearly.

Restraining gold as much as is possible keeps some attention off the debt ridden greenback. Watching youtube broadcasts of the recent hearings clearly demonstrates what clowns some of these CFTC representatives really are. Can't imagine the stuffed shirts in Sacramento being much different.

The SEC isn't any better, wanting more power for more regulation thus creating more disfunction in the economy. Regulations have their place in society but over regulation just fouls things up Big Time which the government has proven to be the case over and over again. Martin Armstrong said it all in his last article at http://www.martinarmstrong.org.

It was shocking to learn that senior SEC staffers were watching hours of porn on their computers while our financial system was melting away in 2008. Maybe they watch it all the time, as it took them up to 10 years to prove their simple case against Bernard Madoff.

Most government employees are utter disgraces to the memories, mentioning just a few of them, of the men and women who sacrified their lives defending our freedoms on Iwo Jima, Midway and Bataan.

THe SEC and porn:

http://www.foxnews.com/politics/2010/04/22/sec-workers-accused-watching-porn-instead-policing-financial/
 By bluejay

04/24/2010  12:24PM

Peter Schiff spoke intelligently yesterday concerning rules and regulations and the proposed new ones that Congress seems intent on signing into law. The link to yesterday's inverview is at the bottom of the page.

As a side note, the Water Board is destructive to private investment and produces absolutely NOTHING but trouble. How can an economy grow with these fellas orchestrating fines and penalties as they continue to annihilate our hopes of partially returning back to a healthy economy supported by full employment at the mine?

These guys should have a little self-respect for themselves and learn a trade so they can produce something real for the economy other than leaching off of it.

These imbeciles are nothing less than public servant thugs. Their pursuit of the status quo in the State Legislature in mandating these attack vampires along with the private sector source of their income from imposed fines and penalties is casting a dark shadow on this body concerning their responsibilities in keeping the State economy healthy as opposed to vandalizing it and shrinking their very own revenues in the process. It is beyond me how these representatives can care more about their own skins and not the people that they were elected to protect. Rick is right, this out of control environmental obssession is just a grab for more power to satisfy their sociopathic hungers. It will never stop until a new crew comes aboard, considering the State doesn't sink before that time.

No one cares more about environmental safeguards than employees of our company and its loyal shareholders. We absolutely don't need these carpetbaggers rearranging Sierra Country's economy for the worst while gold is at $1157.50 and on the move again.
A higher gold price will help the County's economy tremendously. It would have been better if working in the steams wasn't outlawed by the fools which summons the question: Why is the State meddling so much in the affairs of a tiny County by California standards which may have less than 4,000 people living in it?

The Water Board's grasp to tax businesses to support their mortgages while producing nothing but trouble is plain and simply, tyranny. Vote every loafer out of California government when its your turn.

http://www.ronpaulforums.com/showthread.php?s=1f0374397ef951fbebbbcbe5ed92f5ce&p=2660982#post2660982
 By Dave I.

04/23/2010  10:20PM

I also agree with Rick.
 By bluejay

04/23/2010  10:00PM

Mav, by 2016 our number one standing will be given up to China, period. Already an exodus has begun led by graduating PHD's according to Gerald Celente. Even foreigners who migrated here for economic opportunities are returning home. Our years of economic dominance will end in six years according to Mr. Armstrong.

Rick speaks of history, he has it right.

Our dislocated economy would have a chance according to Martin Armstrong if it were not for the SEC and Congress. Even Obama who speaks with such spirit and conviction is off track. The following is a paragraph from Mr. Armstrong's latest commentary, http://www.martinarmstrong.org/files/The-Paradox-of-Solution-4-18-10.pdf

"It is one of the strangest paradox event of all time when the solution to the immediate crisis became restoring the very system that created the previous crisis. Yet there is a serious problem lurking behind regulation changes both circulating in Congress and now those proposed by the SEC. There is simply a complete lack of understanding of how the global economy system even functions. Those who are proposing these regulations are clearly lost and remain clueless even about the evolution of the entire financial system that has in fact brought us to the point of no return. We are about to commit economic suicide and that seems simply unstoppable."

I learn and acquire an improved ability to think and reason thanks to Mr. Armstrong's uncanny ability to teach. If you elect to acquire more financial and monetary knowledge, accessing the provided link would be a great start.
 By Rick

04/23/2010  6:48PM

Maverick has it wrong, again.

The purpose of new government regulation is to constrain the private sector into submission, not a re-building under a new cloak of environmental glory. Bam and his plan to 'change' ultimately sweeps in to take over themselves when regulation can't be fought.

Bully-on-the-playground-crap-with-a-large-dose-of-deception-to-those-without-history thrown in. We have enough laws. When NEW government regulations are implemented by non-elected boards, everyone with a backbone of Constitutional knowledge needs to stand up and take notice (or grow some xxs and actually read it.

We need to invoke our Constitution to protect what it stands for (read into that every implication they meant when they wrote it.) Regulation is a disguise term for control. Willing sheep won't notice, Mav. Anyone who doubts this should wonder why acgtual contibuters to the growth of our economy are scarce, and where and how government presumes to exist without private sector funding.

(For the record...ANY new government-sector job-holder would, by definition, will need to pay 100% income tax to justify the job. Math is intrinsic. Think about it.)

Hint: the private sector's support of the public money to the treasury is systematically being regulated out of existence. This is by design. This is by design because the ONLY place public government money originates comes from a regenerating source.

SO WHY??? So why would I suggest that this new regulation confiscatory model of depleting the private-sector golden-goose cash-cow is is in place? AGAIN, it is by DESIGN, so that when nothing is left standing, only the A-holes with totalitarian authority step in.

And non of us will be able to stop it.

History shows us this over and over and over, and studying history would go a long way to informing you, Mav. The blattant conclusion that I draw is that you are intentionally ignoring it. WHY?

The simple model is seen in many western movies...it's that silly of a script. But when enough people believe that it's good how a corrupt sheriff is in control for THEIR own good, the sheriff's sitting there with all his croney thugs and guns...

It's remotely possible that I have this wrong. But I seriously doubt it. Look at what is happening to our mine here.

And instead of being ignorant and naiive, wake up, unless you also want this to happen.

The crowd who thinks thinks NEW Government regulation is actually good for everyone, has an a diabolic design.

My second, third and fourth paragraphs above make this pretty clear.
 By Maverick

04/23/2010  4:23PM

Since FUBAR Bush practically destroyed our standing as number one nation in the world maybe we should give a new voice at least four years to regain some of our lost glory before we give him the boot.

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 | Page 15 | Page 16 | Page 17 | Page 18 | Page 19 | Page 20 | Page 21 | Page 22 | Page 23 | Page 24 | Page 25 | Page 26 | Page 27 | Page 28 | Page 29 | Page 30 | Page 31 | Page 32 | Page 33 | Page 34 | Page 35 | Page 36 | Page 37 | Page 38 | Page 39 | Page 40 | Page 41 | Page 42 | Page 43 | Page 44 | Page 45 | Page 46 | Page 47 | Page 48 | Page 49 | Page 50 | Page 51 | Page 52 | Page 53 ]

 

  
 
© 2020 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

Phone:   
Fax:
E-mail:
 
(530) 287-3223      
(530) 287-3455
corp@origsix.com
 

      Gold Sales:  


(530) 287-3540

goldsales@origsix.com
 



Design & development by
L. Kenez