No need for commentary - in reference to Obama's response to the illegal Press taps that it's his job to "balance" national security and the 1st Amendment:
"That's what every president says. Every president, whether it's Nixon with the Pentagon Papers or George W. Bush with the NSA wiretapping story, every president exerts, 'I'm doing this to keep you safe.' A lot of people in the public, they say that's enough, and they believe it, but the truth of the matter is that it's not enough of an answer in and of itself. That's why there is Congressional oversight of the executive branch. It's not enough just to say we're doing it to keep you safe, because the moment the American people cede that territory, then presidents can do whatever they want."
Here's the CNN video: LINK
"Give me liberty or give me death" - Patrick Henry, a Founding Father
and signor of the Declaration of Independence
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/sp_en_6.gif)
We have apparently reached a point in this country where far too many people who can't even spell 'vote' have been allowed to vote.
ReplyDeleteIlliteracy empowers the empowered class. I wish Obamma could spell "Bill of Rights" and "Rule of Law." Apparently he decided to skip those classes and go smoke some weed and shoot hoops the boyz across the bridge in West End.
DeleteThe Central Banks’ Gold: A Story of Silent Expropriation. Part II
ReplyDelete6. They are not only stealing their own gold, but other people’s as well
The mysticism disappears if we remember that the central banks of certain countries are not only using their vaults to store gold listed on their balance sheets, but also gold belonging to foreigners (primarily to the central banks and treasuries of other countries). However, their storage services are also used by private structures, first and foremost by major banks. In connection with the story of Germany’s plans to repatriate their gold from other countries, we found out that of the total volume of this country’s official reserves, equalling approximately 3,400 tonnes, more than two thirds is held outside of the country. Exactly 1,536 tonnes are in the vaults of the Federal Reserve Bank of New York, 374 tonnes are in the vaults of the Bank of France and 450 tonnes in the vaults of the Bank of England.
We will now attempt to look at the issue of foreign gold from the other side – from the point of view of those countries playing the role of «guardians» or «storekeepers». There are a few of these major «guardians» in the world. These are the same old USA, Great Britain, France and Switzerland. Moreover, in the last country in this list, the role of «guardian» is not just played by the central bank (the National Bank of Switzerland), since Switzerland is also home to the Bank for International Settlements (BIS). In this short list, the lion’s share of all foreign gold is accounted for by two countries – the USA and Great Britain (see the table below).
Gold reserves held in the USA and Great Britain (as of 1 October 2012, tonnes)
USA Great Britain USA and Great Britain together
1. Own gold 8,133.50 310.30 8,443.80
2. Foreign gold being stored 6,200.50 5,067.70 11,268.20
3. Together: own + foreign gold 14,334 5,378 19,712
4. The percentage of foreign gold in the total amount of gold being stored 41.1 94.3 57.2
In order to continue their game with gold, the monetary authorities of the «golden billion» countries needed to dive their hand not just into their own reserves of the precious metal, but also the gold reserves entrusted to them by other countries.
http://www.globalresearch.ca/the-central-banks-gold-a-story-of-silent-expropriation-part-ii/5335353?
Dave, do you think other markets are also manipulated, especially the commodity markets like crude oil and copper? Since the beginning of Oct 2011, like PM, crude oil and copper have been down too. Is it a reflexion of the fundamentals( we know that the global economy sucks) or simply manipulation to control inflation expectation?
ReplyDeleteWe are witnessing the death of Liberalism. And I welcome it.
ReplyDeletehttp://insightsur.com/2013/05/16/socialism-leads-to-toilet-paper-shortage-in-venezuela/
ReplyDelete"The Venezuelan government was forced to begin importing 50 million rolls of toilet paper this week, due to massive shortages in consumer goods, and food in the country.
Venezuela has found itself in a downward spiral of increased crime, and a struggling economy, after more than a decade of rule by it’s socialist president Hugo Chavez. His hand picked successor, Nicolas Maduro, took over after 14 years of Hugo Chavez’s self styled “Bolivarian revolution” which he described as “Socialism of the 21st Century.”
Maduro has attributed the shortages to a “dark plot” by opposition forces. Under his direction, Venezuela will be importing 760,000 tons of toilet paper to quell the shortages."
http://www.dailypaul.com/285670/the-experiment-begins-cashless-society-arrives-in-africa-biometric-natl-identity-smart-card
"As part of the program, in its first phase, Nigerians 16 years and older, and all residents in the country for more than two years, will get the new multipurpose identity card which has 13 applications including MasterCard’s prepaid payment technology that will provide cardholders with the safety, convenience and reliability of electronic payments...
The problem with a cashless society is that the state can terminate your electronic financial lifeline if anything were to happen within the country, for example any form of protests, economic downturns, a war or if a financial institution such as MasterCard were to go bankrupt. There are many other reasons that the state or its’ corporate backers can decide to turn off the RFID chip. When you a have a powerful financial institution issuing payments electronically with a government that is supported and controlled by Washington, unlimited control of the populace becomes inevitable. 70% of Nigeria’s population is living below the poverty line as of 2010. How can MasterCard and the Nigerian government benefit millions of Nigerians who are living in abject poverty? Is MasterCard going to offer low interest rates on its credit cards in a country that has a more than 70% of the population in poverty with many living with less than a dollar a day?"
http://www.vice.com/en_ca/read/11-governments-are-meeting-in-peru-to-figure-out-how-they-can-control-the-internet
"11 countries—Canada, America, Mexico, Peru, Chile, Vietnam, Singapore, Japan, Brunei, Malaysia, Australia, and New Zealand—are having a secret (no members of the public and no press) meeting in Lima, Peru to figure out what can be done about copyright offenders who transmit Hollywood’s precious content over the interweb’s tubes without paying for it.
The meeting is held under the banner of the Trans-Pacific Partnership (TPP) Agreement. They’re looking to sign an international treaty that will create world government-esque laws to handle anyone who downloads an early leak of Iron Man 3 illegally.
The Electronic Frontier Foundation is calling this the “biggest global threat to the internet since ACTA.” If you remember, ACTA (the Anti-Counterfeiting Trade Agreement) is an international, internet-policing treaty that was shut down by the European Parliament with a 92 percent nay vote. Luckily for Europeans, no EU country is anywhere near the TPP negotiations in Peru right now—and European politicians are now quick to distance themselves from the policies that ACTA is trying to ram down the world's throat.
But in North America, the ACTA movement is still very much alive. Prime Minister Stephen Harper’s government passed a bill in March that makes Canada more ACTA-friendly by allowing customs officers to destroy counterfeit goods and ratcheting up the criminal penalties against copyright offenders. And the United States has seized hip-hop blog domains without warning or trial, because they were alleged to host pirated material."
[This is what Socialism produces: restrained liberties, diminished freedoms, and toilet paper shortages.]
Dear Jim,
ReplyDeletePlease find below a notice I received today from Scottrade that I thought might interest you. Unless one opts out, any and all cash balances will automatically be swept into FDIC insured bank accounts at unnamed banks at the broker’s discretion. So if those banks go under, one’s cash position of their brokerage account could possibly be "bailed in" to save an unrelated financial institution unbeknownst to the brokerage customer. I’m sure this happens at other brokerages as well. See note below.
Also, this article gives "Zombie Banking" new meaning.
Hi Jim,
Three days ago something very bad happened to me. The manager from my US Bank branch left me a voice message telling me that my accounts were frozen until I called her and answered some questions. I called back and was told that I had a number of suspicious transactions and because this was a brand new account she was compelled to investigate. Specifically she informed me that I had two large wire transfers from Peru and two payments to American Precious Metals Exchange. She asked me to explain the nature of these transactions. I asked her if this was part of Patriot Act Compliance and she said that it was. She acted surprised that I even was aware of this process. I told her that I thought this was outrageous and that I would not give her this information. She told me that if I didn’t, that they would likely close my accounts. Having worked on Patriot Act Compliance in the past myself, I also understood that reporting would be sent to the IRS regarding “suspicious” activity regardless of whether I responded to her questions or not. I decided to cooperate and told her that the incoming wires were payment from my employer – a major mining company that is in feasibility stage for a large copper project in Peru. Then she asked me what I purchased from APMEX. I said that she could probably figure that out based on the company name. She said that wasn’t good enough and insisted that I needed to tell her what I had purchased. I said coins and that satisfied her.
Obviously, this left me in shock, but it gets worse. One day later my wife gets a notice delivered by UPS from US Bank. She has a different last name and the bank is a different branch. She has had the account open for almost 20 years. The notice said that they must speak to her immediately. She called them today and found out that her account had already been frozen and that they need to know why she had received a check from me for $6,000 and why she had written a check to APMEX. Just like me she was asked to tell them what she had purchased from APMEX and she told him. She was also asked why I had written her a check for $6,000 and she told them it was to pay bills. For the record, my wife voted for Obama twice and she is a hardcore Liberal. She is also public school teacher. She was almost crying as she related what had happened to her.
http://www.jsmineset.com/2013/05/16/jims-mailbox-1258/
Nevada Assembly Taxation Committee votes to remove mining tax caps
ReplyDeleteJim Wadhams, a longtime mining lobbyist whose clients include Newmont Gold, told reporters Thursday, “The people voted the tax increase in 1989. They may well reverse that in 2014.”
Waiting in a legislative committee is Senate Bill 400 which revises provisions governing the taxation of mines and mining claims and provides for the taxation of certain items related to mines, mining claims, mineral deposits and extracted minerals. In summation, the bill introduced by Sen. Tick Segerblom, D-Las Vegas, would tax gold and silver deposits still in the ground.
The tax would be implemented only if voters approve SJR15 in 2014.
http://mineweb.com/mineweb/content/en/mineweb-political-economy?
Ecuador pushing ahead with reforms to lure mining investors
http://www.theglobeandmail.com/report-on-business/international-business/latin-american-business/ecuador-pushing-ahead-with-reforms-to-lure-mining-investors/article11979571/
which country is moving forward....which backward?
There's a big "tax-mining-more" yelling going on as a "rescue" to the mismanagement of finances here. It's lead by #1 Education - the biggest "hog" if there ever was one. I used to worked at the University and it wastes taxpayer's monies worse than a cocaine addict and it could care less cause it has the right to and the right to DEMAND MORE cause it's special; it's education! (that's why college kids are so screwed up by their professors cramming their ideology into them by piggy-backing it on top of their study lectures).
DeleteThe second is casinos who are losing badly due to dying tourism and want mining to take on more of the tax burden.
The third is state legislators who are no longer able to "milk" the system for their own financial benefit without an increase in revenue.
Fourth is the state workers who have taken pay cuts and are demanding them be removed while not taking into consideration that many in the private sector have homes underwater and are still taking major cuts or have no job at all.
I was at Lowe's and they had 2 cashiers standing in front of their cashier asle, looking and waiting for customers. Never seen this in all the 35 years I've been here.
Governor Jim Gibbons had it right in his approach in being an asshole to everyone but he knew what he was talking about when it came to the serious problems this state still faces. He wanted severe cuts but both parties fought him.So his affair with another woman was used against him and liberal sandoval got elected.
Mining - if it wants to - can easily shut down and wait it out till Gold goes back up in price. This, of course, would send the state into a tail-spin. The only other thing bringing in revenue is the power company and that's from doubling the utilities in Southern Nevada (Las Vegas, Henderson, etc).
Senator Lindsey Graham LICKS BOOTS of Pentagon Brass — But Sen. Angus King Calls It “Astoundingly Disturbing”: Obama Administration Claims Power to Wage ENDLESS WAR Across the Globe
ReplyDeleteA Pentagon official predicted Thursday the war against al-Qaeda and its affiliates could last up to 20 more years. The comment came during a Senate hearing revisiting the Authorization for Use of Military Force, or AUMF, enacted by Congress days after the attacks on Sept. 11, 2001. At the hearing, Pentagon officials claimed the AUMF gives the president power to wage endless war anywhere in the world, including in Syria, Yemen and the Congo. “This is the most astounding and most astoundingly disturbing hearing that I’ve been to since I’ve been here,” said Independent Sen. Angus King of Maine. “You guys have essentially rewritten the Constitution here today.” We play an excerpts of Thursday’s Senate hearing and our recent interview with Jeremy Scahill, author of the new bestseller, “Dirty Wars: The World is a Battlefield.”
http://youtu.be/pCZV3Dy43tU
Judd Gregg Redefines "Revolving Door" - From US Senator, To Goldman Sachs Advisor, To Head Of SIFMA
ReplyDeleteBehold the definition of a "revolving door" - Judd Gregg: from US Senator, to Goldman Sachs advisor, to SIFMA head, all in under two years.
http://www.zerohedge.com/news/2013-05-20/judd-gregg-redefines-revolving-door-us-senator-goldman-sachs-advisor-head-sifma