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



	September 18, 2018 Tuesday

Forum
Topic:
Miscellaneous

By bluejay
05/14/2013 10:52AM

How safe are our government pensions?

This is what was done to Japanese pension holders in 1989.

The biggest fund in the world was the Japanese Postal Savings Fund in 1989. When we were called in to create a hedging program about 6 months before the high, it was Japanese Ministry of Finance who picked up the phone and asked that they did not do that for if they sold, they would make the Nikkei go down. The portfolio was US$1.2 trillion. No individual fund ever reached that level again. The hedge was not put on and the fund lost untold amounts of money. By 1999, I stood up in our Tokyo seminar and announced that that fund was insolvent. The government used that fund to try to support the markets until nothing was left and redemption became liabilities of government.

Martin Armstrong

By bluejay
05/13/2013 6:40PM

It strongly appears that the past Idaho-Maryland mining property has zero chances of reopening with the last sale on EMGOLD at 2 cents a share. This is another serious blow at reaping California's past producers.

The Washingon Mine outside of Redding is attempting to get reopened by a private concern, we'll see.

Down in the Mother Lode Sutter Mining is still working on opening up for gold mining, we'll see.

If gold continues lower both these projects might just shut down as well.

The Sixteen to One continues to have positive economics just as long as gold is found here and there with a chance of a sizable lode being found

By bluejay
05/10/2013 11:08AM

Are you prepared for the end game?

The likes of Bill Gates and his buddy Warren Buffett are supporting the destruction of commerce with taxing the rich to support a corrupt system that is doomed. It is easy for them to say yes tax the rich even more when you are talking about income. How would they respond to the confiscation of assets? Why do they not donate everything they have keeping just enough for a middle class lifestyle and give it all to government? They would never be where they are had taxes been much higher when they were trying to get started. The assumption is that government is being properly run and the problem is always the individual. They have their’s so the hell with everyone else. Turn it all in if you want to advocate such fiscal-irresponsibility. Neither has to worry about Social Security and how that has been taking more in taxes from people than income tax with no refunds.What is the end game? They obviously are ignorant of history for this can only lead to one place. If they tax 100% of the “rich” who are defined as household income $250,000 or more not billionaires, government will ALWAYS spend more. It never stops until it collapses.

http://www.huffingtonpost.com/mobileweb/2011/10/31/bill-gates-says-he-supports-taxing-the-rich_n_1067079.html

Martin Armstrong

By bluejay
05/09/2013 9:36PM

J.P. Morgan-Chase playing illegal hardball with folks in trouble with their charge cards.
California sues J.P. Morgan Chase Illegal Practices

Posted on May 9, 2013 by Martin Armstrong

The NY Banks are use to controlling the courts in NYC so much so that they forgot the rest of the world does not accommodate everything they do. California’s attorney general filed suit Thursday, alleging that JPMorgan Chase & Co. used illegal tactics in its efforts to collect debts from more than 100,000 credit card holders between 2008 and April 2011.

The number one tactic used is to get rid of lawyers to prevent a defense or go after people who can not afford lawyers to ensure victory. JPMorgan Chase used this famous NY strategy in California. The complaint read:

“At nearly every stage of the collection process, defendants cut corners in the name of speed, cost savings, and their own convenience, providing only the thinnest veneer of legitimacy to their lawsuits.” It further alleges that JPMorgan Chase sued borrowers “based on patently insufficient evidence — betting that borrowers would lack the resources or legal sophistication to call defendants’ bluff.”

JPMorgan Chase engaged in what has become called ”robo-signing” where they churned out lawsuits that was a practice which became widely used during the mortgage foreclosures until it was outlawed. Banks were forging signatures and pretending they had titles when the did not. JPMorgan Chase was one of the five major banks that settled with California and other states after the housing market meltdown for such practices.

This time the lawsuit concern debt-collection where once again officials similarly signed legal documents that included sworn declarations without reviewing the related files and bank records or even reading the documents. Anyone else would get 5 years in prison for such antics. JPMorgan Chase actually filed 469 debt-recovery lawsuits in a single day day alone. The company’s in-house lawyers filed an average of 100 lawsuits a day for each day the courts were open while its outside counsel filed yet another 20,000 lawsuits.

California is now seeking a permanent ban on the allegedly illegal practices as well as damages for borrowers who were harmed as the company rushed to obtain court judgments and wage garnishment orders without properly checking documents. They also are seeking a $2,500 for each violation of state law, and an additional $2,500 for every lawsuit that involved a senior citizen or disabled person.
http://www.latimes.com/business/money/la-fi-mo-california-ag-files-suit-against-jpmorgan-chase-alleging-debtcollection-abuses-20130509,0,6695376.story

By bluejay
05/02/2013 2:08PM

Jim Sinclair’s Commentary

A friend of mine in the legal community warns that there is legal precedent for "Bail-Ins" in the USA. (Bail-Ins are justification for the banksters stealing depositor's money . The bottom line: you are at an increasing risk in trusting your funds to the big banks)

(1) The Uniform Commercial Code, Article 4 governs the legal rights between a bank and its customer. I’ve attached the table of contents for that article. The UCC does not, however, define the relationship. The UCC has been enacted in 49 states and in D.C. Our friends in La. Declined to adopt it back in the 50s.
(2) Spizizen v. National City Corp, a very recent case out of the 6th Circuit. I’ve highlighted the holding, which states: "The relationship between a bank and its depositor is one of a debtor-creditor," citing Michigan case law. This case also cites to Article 4 of the UCC, which I’ve highlighted.
(3) AmEx Travel v. Sidamon-Eristoff, another recent case, this one decided by the 3rd Circuit in New Jersey. I’ve highlighted that section in which that court has cited earlier U.S. Supreme Court cases which hold: "Since the bank is a debtor to its depositors…."

By bluejay
04/22/2013 8:34AM

Napoleon Bonaparte’s contribution to government structure & politics:

“If you wish to be a success in the world, promise everything, deliver nothing.”

From Armstrong Economics

By bluejay
03/30/2013 3:29PM

Politicians will ONLY make decisions that protect their vested positions. It is NEVER about representing the people, what is best for the nation, just for their own survival. Change will ONLY come when there is no choice.

I would never trust these people to wash my clothes. It would be way too complicated with all the colors and what-not for them to make a decision.

Martin Armstrong

By bluejay
03/23/2013 6:33PM

From King World news:

ric King: “You have warned recently that the IMF cannot afford to make a misstep or the West would be faced with unprecedented financial destruction and massive bank runs.”

Sinclair: “If Lagarde and the IMF sustain their position that the Troika has the right to tax, confiscate, or haircut the depositor, whatever you want to call it, then what the Troika has announced to the world is that the sacrosanct nature of deposits no longer exists.

This puts the entire concept of ‘insurance’ on deposits in question. This will mean that deposits of size in banks will move to seek other areas of safekeeping because the banking institutions will purely be seen as houses of confiscation.

The dream that no depositor would be hurt by the collapse of the financial world, based on fraudulent over-the-counter-derivatives, triggered by the flushing of Lehman, will be exposed as an absolute and total lie. This will trigger tremendous runs on banks any time that a bank or that system has any financial pressure.

This has the potential to create a revolution. A misstep by Lagarde and the IMF here could do far more damage than what the world witnessed after the collapse and liquidation of Lehman. That is what is at stake here.

The seriousness of this upcoming decision by the IMF, should they in fact decide to steal from depositors, I firmly believe that Mrs. Lagarde and the IMF will go down in history as causing far more financial devastation than the flushing of Lehman.

The story in Cyprus right now is not about capital controls, that was an obvious side effect of this disaster, the story will be this upcoming decision by the IMF. God help us if Mrs. Lagarde and the IMF make one of the greatest mistakes in history.”

By bluejay
03/20/2013 8:40AM

Forced loans and abandoning the rule of law

http://armstrongeconomics.com/2013/03/20/m-f-global-1st-cyprus/

By bluejay
03/02/2013 1:52AM

History stands as witness that it should be AGAINST the law for politicians to ever BORROW. This is the way ALL governments perish. It is the triumph of hope over experience. It is like the person who gets married after the 10th divorce. When will we ever learn – (1) term limits to restore real representation, and (2) no borrowing. Anyone who buys government debt deserves to lose everything. They are the ultimate fools. You do not even get a penny on the dollar when government goes broke. Even clients at M.F. Global got something back.

Martin Armstrong

By bluejay
02/01/2013 9:18AM

Gold Production Cliff

http://business.financialpost.com/2013/02/01/gold-production-cliff-ahead/

By bluejay
01/27/2013 11:04AM

From http://www.jsmineset.com

Hi, Jim,

I thought you might like to share a poem I wrote with your readers. I’ve got more. I find that poetry helps explain things in a better perspective sometimes.

CIGA Matthew

CHAMELION’S GOLD:

When Jefferson spoke of money
Our gold was brightly seen

A lighthouse across the pond
That escaped the English Queen

200 years of bankers lanterns
Makes fogs of gray cloud minds

Guiding the lost with promises
Of a new and better kind

The promise of the bankers note
Was filled with lies and spin

Jekyll Island and the Federal Reserve
Was the beginning of the end

Just bring the note in lightly with ease
Walk out with gold and silver to spend

But what happened to the promise when it vanished from the note?
The old devil told the new one, "Haha, I told you this works well!"

Divide and conquer by deceit
For centuries the game is played this way

They hire a crew in Congress and News
Talk in spades and false arguments
While lobbying those who should lobby for you

The founders knew well- for years we’ve been told
That to keep your money from scoundrels
Everything green must be gold

Jim Sinclair’s Commentary

When surrounded by the mean and awful of today’s financial world, a spontaneous act of kindness clears away the crap.

By bluejay
01/24/2013 4:50PM

From http://www.jsmineset.com:

Dear Jim,

The president is going to announce that Mary Jo White will be the new chairman of the SEC. Here is a little background info on Ms. White:

She is currently chair of the litigation department at Debevoise & Plimpton.

Of which lists the following as clients: AIG, American Airlines, American Express, AXA, BNP Paribas, The Carlyle Group, Clayton, Dubilier & Rice, The Coca-Cola Company, CNN, Delta Air Lines, Deutsche Bank, Gap, Goldman Sachs, Hasbro, International Paper, JPMorgan Chase, Kelso & Company, MetLife, National Football League, National Hockey League, NBC, The New York Times Company, Providence Equity Partners, Prudential Financial, Polyus Gold, Siemens, Shell Oil Company, SONY, Universal Music Group, Verizon, Yahoo!.

The more things change, the more they stay the same.

CIGA Sarah

By bluejay
01/22/2013 6:55PM

Switzerland issues every adult a gun and trains them how to use it. Switzerland has the lowest gun related crime rate of any civilized country in the world.

By bluejay
01/18/2013 1:58PM

Personal message to corporate America, UP YOURS!

Should we have to work until 70? These CEOS say yes
Bertha Coombs , CNBC

Executives of the Business Roundtable are urging Congress to raise the Social Security and Medicare age eligibility to 70, from the current 67, and to adopt means testing for wealthier retirees, in order to keep the entitlement programs solvent longer-term.

"When you look long-term at the U.S. fiscal health, you have to look at these questions," said Business Roundtable President John Engler during meeting with reporters in Washington Tuesday.

The idea is not likely to be popular. The Simpson-Bowles deficit reduction committee saw opposition when it suggested lifting the retirement age to 69. The Roundtable executives argue that raising the level gradually for those less than 55 years of age now will provide substantial long-term savings to the entitlement programs, while still giving Americans time to adjust to the new requirements.

"It’s the power of compound savings here," said Randall Stephenson, chairman and CEO of AT&T, and vice chair of the group’s health and retirement committee. "If you start to save now, it really adds up."

The Roundtable executives contend older workers will still be able to access subsidized health care through Affordable Care Act known as Obamacare, which begins in 2014. What’s more, they say, the economy will need older workers to remain in the labor force.

By bluejay
01/14/2013 1:51PM

Support your local Sheriff

From jsmineset.com

Kentucky Sheriff to Feds: ‘You Are Never Going to Pull Guns Out of Jackson County’
by AWR Hawkins 13 Jan 2013, 4:46 AM PDT

As I wrote on Jan. 11, Jackson County Kentucky Sheriff Denny Peyman has made it clear that gun laws which violate the United States Constitution or the Kentucky Constitution will not be enforced in his county.

On Jan. 12, he followed this up with a press conference in which he explained that a Sheriff’s powers are predominant over the powers of federal and state agents. When he says these things he drives gun-grabbers batty because he says them with the conviction that rests on knowledge, and he has no intention of backing down.

During the press conference, he took time to explain his powers as sheriff:

I am responsible for the people inside this county. I am the highest elected official in this county, and this is the only opportunity the people have to speak for themselves and say ‘this is what we want.’

I can ask federal people to leave, they have to leave. I can ask state people to leave, they have to leave. …[And] it doesn’t matter what [new laws] Obama passes, the sheriff has more power than the federal people.

He said that if federal gun-grabbers don’t understand this, then "they need to go back and study it," because Kentucky "is a commonwealth."

Peyman says he has been approached by liberals within the gun-grabbing world since he made his original promise of no gun control in his county, and he told them plainly: "You are never going to pull guns out of Jackson County."

By David I
12/24/2012 4:27PM

Merry Christmas to all of you enjoying a White Christmas stay well and healthy, and may God be with you for the up comming year and lots of success to all.

By Rick
12/23/2012 5:40PM

We are blessed with opportunity at every moment! Miracles happen, too. When we least expect, with faith in this, our meager human existance melts away and the most amazing things happen.

By Rick
12/19/2012 5:33PM

Howdy! Another big Sierra storm comin' on, big-time....and inside the portal will be perfect place to be.

My re-curring dream is actually reality: to be inside this Grand Mine when stuff is happening outside, is where I am. Fortunately I've been there in many times, underground, down to below 3000 when we could....and the dream is real.

It'll be SO GRAND to do it again!

By bluejay
12/08/2012 6:19PM

"Everything comes, sooner or later" Anonymous

American's wealth is on a downward slope with no apparent end in sight. Americans need a reliable partner during the coming suspected storm and that partner is gold and silver.

American Households Hit 43-Year Low In Net Worth
The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.
According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.

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