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Correspondence from the President of OAU

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 By Michael Miller

03/18/2019  5:37PM

Words for this federal gift to ignite unproductive capital are on the move: Sacramento Bee, New York Times, Motley Fool and now you. Following is an engine for profit and Alleghany is a top place for serious participation. Help make it happen here in Sierra County.

United States Senator Tim Scott (R-SC) leads a bipartisan, bicameral letter to Treasury Secretary Steven Mnuchin encouraging clarity about the Department of Treasury’s proposed Opportunity Zone regulations. Senators Booker (NJ), Portman (OH) , Young (IN), Ernst (IA), Moore Capito (WV), Gardner (CO), and Representatives Mike Kelly (PA), Kind (WI), Delbene (WA), Kilmer (WA), Sewell (AL), Collins (NY), Sensenbrenner (WI), Smith (MO), and Stivers (OH) all joined Senator Scott (SC). It allows investors to defer capital gains taxes for up to a decade if they invest their cash in rural and small-town communities largely left behind in the recovery from the Great Recession. REPORT IS ON OSTO LETTERHEAD





Draft: Opportunity Zones
February 1, 2019
March 16, 2019 updated

The state must create one million more such jobs according to political and business leaders. To
expand California’s skilled workforce, promote rural economic development and make every California community more resilient has been talk, talk and more talk. Action is required and the federal government set a plan of action with Opportunity Zone to excite a flow of capital onto a new path. Sierra County qualifies as an Opportunity Zone.

This is recent federal legislation. Stated goals are: “to better align state and local government, urban and rural economies and resources from public and private sectors. These cross-cutting efforts will push for adoption of a statewide regions-up prosperity strategy, promote resiliency models for fire-impacted communities, advance new approaches to rural economic development, and capitalize on the potential of new, federally-designated Opportunity Zones.” Will these just be words? Or will politicians, capitalists and investors grab the idea and turn it to concrete?

“The voice from the vast expanses of rural California is small. Our once thriving natural resource based economies are still transitioning. This initiative gives us a way, but it will require deep partnerships with urban areas—we cannot do it alone.”
Kathleen Moxon, Redwood Coast Rural Action

To be competitive with other states, California has a narrow window in 2019 to take advantage of the potential of new, federally-designated “Opportunity Zones.” Recent tax changes have made 3,500 low-income census tracts in the state—home to more than three million people—eligible to benefit from billions of dollars in new private investment. Benefits to the investment participants are substantial.

The Federal Tax Cuts and Jobs Act of 2017, provides a new tax incentive to spur private investments in low -income areas designated by states as Opportunity Zones. This new incentive provides a deferral, reduction, and potential elimination of federal capital gains taxes. This new pool of private capital can help transform underinvested islands of poverty into thriving communities —but only if communities and the state organize to take advantage of this new flow of capital.

Opportunity Zones is not a grant program; it is a new investment tool. Private investors will be looking for community investments that yield real returns —in areas from business and housing to community infrastructure. It is vital that the State of California, along with its community governments organize project planning to develop an investable pipeline of attractive projects that will allow the state to effectively compete for new investment capital.

With over 8,000 approve d Opportunity Zones nationwide—with 890 Zones in California—competition for this investment is high. The potential amount of capital gains eligible is estimated at $6 trillion; the challenge is to attract investors to place the maximum potential in
communities of need (Alleghany qualifies). This framework focuses on several key issues: ensuring communities are “Opportunity Zone ready” to attract these investments (Alleghany is ready); identifying how the state can align programs to support local project implement action and reduce state and local regulatory barriers to make eligible investments entitlement ready.
Our community determined what result it wants from Opportunity Zone investment and what it has to offer. These new funds create an opportunity to connect private capital to projects that meet community needs and provide social impacts that increase the economic well -being of the community, streamline regulatory process and develop a local project pipeline. Investment eligibility is expansive providing there are public purposes and job increases. Original Sixteen to One Mine, Inc. is committed.

Original Sixteen to One Mine, Inc. recognizes the value and importance of this new approach for development. It is a high priority for our attention. This is an exceptional winning enterprise.


Sincerely,
Michael Meister Miller
Director and President
mmeistermiller@gmail.com
 By Michael Miller

02/12/2019  2:12PM

Just received below from Aram Shishumanian (CEO) of World Gold Council, a publication I trust and enjoy reading for many years. The current report has a dozen headings. After review I’ll summarize for the FORUM.



12 February, 2019

In January 2009, the world was in the grip of the Global Financial Crisis. Markets were in turmoil, economies were falling into recession, policymakers were panicking. That was when I became CEO of the World Gold Council, a time when attitudes towards gold as an investment asset were just beginning to shift.

Ten years later, as I prepare to step down as CEO, the world is in a very different place. But the repercussions of a prolonged period of stagnant economic growth still linger. Interest rates, while slowly starting to rise, remain at record lows. The US current account deficit is at an all-time high. Traditional assets are volatile, after an extensive bull run. And China’s influence is significantly greater than it was.

In such an environment, gold’s unique attributes as an investment have become increasingly apparent. Increased interest in gold comes amid a growing focus among asset owners on sustainable investment. Today’s investors are keen to understand whether and how companies are responding to climate change. The gold industry is under scrutiny too but, as we explain in Gold’s role in a low-carbon economy, the impact of gold on investment portfolios is rather different from initial expectations.

Aram Shishmanian
 By Michael Miller

10/01/2018  3:46PM

In January of 2018, I mail the following letter to our State of California appointed water board. It follows the required information, which included a notice to the Central Valley Regional Water Control Board (CVRWQCB). Our splendid attorney, Klaus Kolb, and I spoke at a CVRWQCB meeting in Rancho Cordova addressing allegations and misinformation presented to the seven board members by staff. Staff, in this case, are well meaning and poorly prepared youthful attorneys working as “the prosecution team”. Strange, I know, but indicative of how certain public servants are taught their job. (Follow the money to find the power and objectives.)

You will find Original Sixteen to One Mine response to our treatment (also sent to the State Board) on the Forum under topic “Water and Arsenic: which came first?” submitted 01/26/18. My position as president required it; however as a Californian I have the right to be heard and wrote the following as a Concerned American. You should be concerned as well.


State Water Resources Control Board January 8, 2018
1001 I Street
Sacramento, CA 95814


Dear Members of the Board,

The Porter Cologne Act passed in California legislation as solutions of water quality, conservation, control and utilization. What water issues troubled elected officials, industries and businesses in the 1960’s? Fundamental observations, conditions, predictions and downright speculations contributed to this law. It was justified according to give and take actions by Californians for the benefit of Californians: protected for use and enjoyment by the people of the state. The Legislature declared regulations shall be reasonable, considering all demands made on our water quality and considering the total values involved, beneficial and detrimental economic and social, tangible and intangible. Development projects were growing in scope and size; however the law specifically cites factors of precipitation, topography, population, recreation, agriculture, industry and economics shall apply.

The law established a State Board and regional boards. They shall conform to and implement the policies of Chapter 1, (policy) at all times of the Act. Water quality objectives mean the limits or levels of water quality constituents or characteristics which are established for the reasonable protection of beneficial uses of water. The first item listed for a water quality control plan is: (1) Beneficial uses to be protected. The intent of the Legislature is unequivocal: waste or contamination must create a hazard to the public health through poising or the spread of disease.

One key in the Legislative and administration process was science. Science began and drove concepts and words that eventually were passed by our Senate and Assembly. Science, after all, is knowledge, understood facts or principles. Knowledge is gained by systematic observations, experiment, and reasoning; knowledge is coordinated, arranged, and systematized. Its goal is the prosecution of truth thus known, both in the abstract and as an historical development.

What John Stuart Mill wrote 160 years ago holds true today: “Since all phenomena which have been sufficiently examined are found to take place with regularity, each having certain fixed conditions, positive and negative, on the occurrence of which it invariably happens, mankind has been able to ascertain the conditions of the occurrence of many phenomena. The progress of science mainly consists in ascertaining these conditions. Science is nothing but the finding of analogy, identity in the most remote parts of the subject.” There is no science involved with the enforcement of the current CVRWQCB in Rancho Cordova, California.

In science, you must not talk before you know. In art, you must not talk before you do. In literature, you must not talk before you think. In government all three apply to our public agencies, public employees, elected and appointed officials. Science persists with the knowledge of things, whether ideal or substantial. Art works the modification of substantial things by our substantial power. Literature brings to the mind the modification of ideal things by our ideal power. All are lacking with the Prosecution Team, the Administration Team, most of the Board members and the Executive Team.

The work of the true masters of Science is a perpetual striving after a better and closer knowledge of their environment from the planet on which their lot is cast and the universe in the vastness of which our planet is lost. CVRWQCB execution of the Porter Cologne act has become an illegal taker of life, liberty and the pursuit of happiness with no sense of support from Science, Art or Literature. It’s good and worthwhile intent turned into a sham, nothing more than a trick put upon the public. It has become evil that lacks any bearing on its expectations. The people should fear the destroying of long standing public and private benefits of our water. If the environment is sought to be defended or pressured for the safety and benefits of Californians, some advocates and some enforcers twist, ignore and lie. It is a sham and the goodness we know and expect will be lost for future generations. The actions I witnessed at the December 8, 2017, public CVRWQCB hearing will alarm Californians as I was alarmed.

Porter- Cologne Water Quality Control Act is the law. It preempts all other plans, such as the Valley Basin plan. Its importance in Californian’s behaviors patterns the relationships between the Constitution of the United States of American and the Constitution of the State of California. Law has definitions: recognize shame answers, sham defenses, and sham pleas. The entire agenda item on December 8, 2017, was so clearly shameful, in fact, presenting no substantial issue. It is make believe to assert that natural waters traveling through the Alleghany aquifers, above and underground, produce harmful conditions to public health. An historical mantra holds true here in Sacramento: “We must have a case that we do not sham fallacies upon the people for current reason.”

Fear of this material (natural elements for life) and native water precipitating high in the Sierra Nevada mountains is a pretense for highjacking industrial freedom and rights, justify employment for the prosecutors, fatten self-serving appetites, and is illegal, immoral and against both State and Federal Constitutions. “Truth, like gold, lies at the bottom.”

In reference to the degree of specialization on display during this public meeting, the sciences may be arranged as follows:
(A) Mathematics, the study of relations of the parts of hypothetical constructions, involving no observation of facts, but only of the creations of our own minds, having two branches – (1) pure mathematics, where the suppositions are arbitrary and (2) applied mathematics, where the hypothesis as simplifications of real facts – and branching again into (a) mathematical philosophy, as the theory of probabilities, etc. (b) mathematical physics, as analytical mechanics, etc. and (c) mathematical physics, as political economy.
(B) Philosophy, the examination of and logical analysis of a general body of fact is a science in which reason and history precedes successful dealing with special elements of the universe – branching into (1) logic and (2) metaphysics.
(C) Nomology, the science of the most general laws or uniformities, having two main branches – (1) psychology and (2) general physics.
(D) Chemistry, the determination of physical constants and the study of the different kinds of matter in which these constants differ.
(E) Biology, the study of a peculiar class of substances, the protoplasms, and of the kinds of organisms into which they grow.
(F) Sciences of organization of organisms, embracing (1) physiology, the science of the working of the psychical structures of organs and (2) sociology, the science of psychical unions, especially modes of human society, including ethics, linguistics, politics, etc.

No science was on display by the Prosecution Team, the Advisory Team or other public employees. My wonderment is that the seven board members voted six to one in support of the staff with so little knowledge of what they were voting for. Science is nothing but the finding of analogy, identity in the most remote parts of the subject: water. “The work of the true man of Science is a perpetual striving after a better and closer knowledge of the planet on which his lot is cast, and of the universe in the vastness of which that planet is lost.” –J.N. Lockyer. What science triggers the serious efforts across the spectrum of living in our Golden State? What is the duty of water?

Terms contain some qualification to denote that it must not be excessive are to be based in science. The buzz ‘word’ has become ppb. The word "reasonable" being considerably used in law is not used now in science: reasonable in care and diligence, reasonable in economic evaluations (cost/benefits), reasonable unavoidable. This board lacks an understanding of reason because the staff either fails to know or withholds important information (exculpatory evidence or statements which tend to clear Original Sixteen to One Mine, Inc. from alleged fault or guilt). The duty of water is found not to be a constant factor for all places but varies with the character of natural surroundings, climatic conditions, diversification of environments and various other conditions.

Kanaka Creek does not present a water quality problem for fish, plant life or aquatic insects. No one suffers a beneficial loss downstream from the ancient 21 portal. During the meeting the question, “What is the full definition of serious?” was brushed aside by staff. The proper action for the Board to take at this meeting was to table the topic and send it back to staff for review and clarification on the issues raised by Operator. The insistence that it could not take this action is weak.

I am aggrieved by the action at the December 8, 2017 CVWQCB meeting.

I file this petition for review with the State Water Board.
I hereby attach to this petition by reference the three attachment filed by Original Sixteen to One Mine, Inc. as support for my request for the petition. I have suffered great financial losses due to the ongoing behavior if CVRWQCB in the Kanaka Creek watershed. I have suffered great mental strain and harassment.

Required Information:
Michael Meister Miller
PO Box 941
Alleghany, CA 95910
(530) 287-3224
mmeistermiller@gmail.com

A copy of this request is given to the US Postal office in Alleghany today, addressed to the CVRWQCB in Rancho Cordova. Presenting new and accurate information and delivering true and scientific information regarding the issues under review by CVRWQCB in order to preserve, protect and enhance the regional environment both naturally and socially are not a choice but a right and a public responsibility.

Sincerely,
Michael M. Miller

END OF LETTER

The State Board scheduled a closed meeting this week. Any predictions on the outcome?

...

 

  
 
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