Wednesday, December 31, 2008

FROM THE DAILY RECKONING DEC 31, 2008 EMAIL

Economies are not machines. Instead, they are organic, natural phenomenon in which the principal actor – man – is subject to fits of brutal sanity, interspersed by long periods of hallucination in which he is trying to get something for nothing. Fundamentally, it is a ‘moral’ system, not a mechanical system. When people make mistakes they have to pay for them.

HAPPY NEW YEAR, GOLDBUGS!

This should be a very good year for us. Unfortunately, for the World, it will be disasterous. Use what you know wisely. Work harder than ever to prepare for what's coming. You will be on your own, no matter how many people you go through it with. Learn to say no to people that won't prepare for themselves. The wisest thing you can do is take care of yourself first, and your children second. Without you, they don't have a chance. Once again, Best Wishes in the year to come, and those that follow. GT

FROM RON PAUL'S CAMPAIGN FOR LIBERTY

Everybody, Somebody, Anybody, And Nobody This is a little story about four people named Everybody, Somebody, Anybody, and Nobody. There was an important job to be done and Everybody was sure that Somebody would do it. Anybody could have done it, but Nobody did it. Somebody got angry about that because it was Everybody's job. Everybody thought that Anybody could do it, but Nobody realized that Everybody wouldn't do it. It ended up that Everybody blamed Somebody when Nobody did what Anybody could have done.

Tuesday, December 30, 2008

THIS WAS SENT TO ME BY MY NEIGHBOR, THE TRUCKER

I am passing this on to you because it definitely works, and we could all use a little more calmness in our lives. By following simple advice heard on the Dr. Phil show, you too can find inner peace . Dr Phil proclaimed, 'The way to achieve inner peace is to finish all the things you have started and have never finished. So, I looked around my house to see all the things I started and hadn't finished, and before leaving the house this morning, I finished off a bottle of White Zinfandel, a bottle of Bailey's Irish Cream, a package of Oreos, the remainder of my old Prozac prescription, the rest of the cheesecake, some Doritos, and a box of chocolates. You have no idea how freaking good I feel right now. Pass this on to those whom you think might be in need of inner peace.

Monday, December 29, 2008

MONDAY EVENING 6:00PM PST

Well folks, Today has become eventful here in the Pacific Northwest. We have had another storm that dropped another foot plus of powdery snow on top of all the previous snow we have received. My neighbor, a long distance trucker out on a delivery, called and asked me to clean off the awning on his fifth wheel trailer, which he had not bothered to roll up, or tilt to allow the snow to be easy to sweep off. About noon today, after a much needed mid morning nap, I put on my Carharts, Elmer Fudd hat, snow boots and gloves and stepped out the door to go clean his awning. There was at least a foot of powder that had filled everything I had just cleared the day before. His awning couldn't be lowered enough to clean but the front part of it, which I did, and then, because the snow was high enough to be a pain to walk through, I got my snow blower out and cleared his driveway and in front of his awning, and then went to clear all around my area. This took at least and hour or more. I then started cleaning my entire area, which is extensive, which took lots of time and energy. When I went back to finish his awning, his girlfriend (a middle-aged woman who knows everything), who had come home, had attempted to push the awning from below, or some maneuver that managed to rip the awning completely from side to side along the roll up tube. To be fair, the awning was already ripping, but anyone with a brain should have know it took a different plan to clean the snow off of it. She didn't even come out of the trailer to say anything, even though I was making lots of noise. Nevertheless, I cleaned off the snow that had fallen off the awning to the porch, which I had previously cleaned, and I put the awning back in the proper position to keep it from being an obstruction. But the residual part of the awning was now hangin from the top of the trailer over the front door. It can be trimmed and repaired, but first you have to remove the hardware of the awning to be able to remove the remaining awning from the groove that secures it to the side of the trailer. After all that snow clearing and shoveling, I was pooped and thoroughly wet with sweat, so I decided it was time to quit and get dry. I went into my RV and stripped off my Carharts (now like getting out of a sweaty straight jacket) and put all my wet clothes into the dryer, but still had on my 'tighty whities' and my snow boots. I went into my bedroom in the front of the RV and was trying to pull off my first boot when the whole front of my RV fifth wheel front support jacks collapsed and the trailer dropped over a foot in the front and my cats went vertical. Apparently the weight of the snow and ice on the roof was too much for the pins that secure the extendable part of the jacks beyond the stable part that is gear driven. I had been just a few minutes away from jumping into my hot tub, which is along side the RV by the front door, above which had been hanging about two feet of snow and ice cornice completely around the RV. It was all now on top of the hot tub where my head would have been. Big chunks of ice the size of cinder blocks that were too heavy to lift off the tub with my snow shovel and had to be picked up by hand. I am now typing this to you as I sit in my business chair which is trying very hard to roll across the living room because of the angle of the trailer. I have to wait until tomorrow to get a local to bring a front end loader to lift the RV by the hitch and to jack it up and put in more substantial pins in the front jacks. I will never go under this RV again without it being securely jacked up with blocks. I have been under it to put heat strips on my sewage lines so they don't freeze up. There is no extra room under that part of the trailer and I would be squashed and die a painful freezing death if the trailer ever fell on me. Oh, every time I go outside to do something the damn gold market takes off and I lose the opportunity to make more than enough to fix all these problems and take a trip to Fiji. So, sometime tomorrow I will be on top of the RV clearing off the snow and ice and hoisting this monster back up to the proper position, hopefully before my back goes out from sitting at an angle trying to trade the market tomorrow morning. I don't think I will roll out of bed, but the cats are beginning to look at me strangely. Live and learn.

Saturday, December 27, 2008

SHOE THROWER MAY GET RICH, HE'S ALREADY A HERO TO MANY

Man to win millions for Bush shoe attack Tue, 16 Dec 2008 11:19:37 GMT In Iraqi culture, throwing shoes at someone is a sign of contempt. Iraqis bashed the statue of Saddam with their shoes after US marines toppled it to the ground following the 2003 invasion of their country. People from around the world have rejoiced in the glory of a frogmarched Iraqi reporter and vow to make him rich and eternally famous. http://www.presstv.ir/detail.aspx?id=78628§ionid=351020201

THROW A SHOE FOR FUN, LINKS TO SOME GAME SITES IN THIS ARTICLE

Bush Shoe-Throwing Games Spread Across Internet By Robert Dougherty, published Dec 16, 2008 This weekend, President Bush sought to end his term by traveling to Iraq for a final show of solidarity with the Iraqi government. Instead, one final bizarre incident occurred to define his Presidency. An Iraqi reporter threw two shoes at Bush, which he managed to duck. While the man remains in custody by Iraqi forces, not only has the shoe throwing won approval from anti-American groups and some small pockets of Americans, but it has also spawned some new online games at that. http://www.associatedcontent.com/article/1308550/bush_shoethrowing_games_spread_across.html?cat=15 LINKS TO GAMES: sockandawe.com

SOME GOOD LINKS TO SURVIVAL SITES HERE

Last updated December 1, 2008 9:01 a.m. PT Americans turning to survivalists for advice By NICHOLAS K. GERANIOS THE ASSOCIATED PRESS COEUR D'ALENE, Idaho -- The Armchair Survivalist believes the nation is falling into chaos, and he wants to help. He offers practical advice for dealing with riots, wars, natural disasters and food shortages, which he says are imminent because of the worldwide economic meltdown and the incoming Obama administration. "Too many things are occurring at the same time. It's upsetting people," said the Survivalist, whose real name is Kurt Wilson. http://seattlepi.nwsource.com/local/390140_survivalist02.html

Tuesday, December 23, 2008

PEACE ON EARTH TO ALL

WHITE TRASH CHRISTMAS VIDEO: www.andycouch.com/whitetrashxmas DON'T LET THIS HAPPEN TO YOU! Take this Christmas Icon
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DAN NORCINI'S COMMENTS ON DECEMBER 23, 2008

FROM JSMINESET.COM Hourly Action In Gold From Trader Dan Posted: Dec 23 2008 By: Dan Norcini Post Edited: December 23, 2008 at 4:13 pm Dear CIGAs, We had gold prices going one way today and mining shares going the other way once again in a repeat performance of yesterday’s play only this time it was the mining shares going up while the gold itself was going down (or should I say the paper gold). Considering the weakness in the broader equity markets, the mining shares performance at this point looks pretty impressive especially given the fact that Comex gold was knocked down quite a bit today. Trading was lackluster today at the Comex as was expected with reports from the pit stating that traders were sitting around working crossword puzzles. Holiday trade is here without a doubt as volume was so anemic yesterday that I had to do a double take when I first saw the numbers thinking that it might have been a reporting error by the wire service! The next thing you know we will be getting reports from the pit telling us that traders are betting on cockroach races. That is why you cannot read too much into price action this time of year – there simply is not enough liquidity to get a real price discovery mechanism in place. Most of the trade consists of pit locals just shoving prices around in the path of least resistance hoping to pick off a few stops or to scalp a few ticks out of the market to buy their kids that GI Joe with the Kung Fu grip. Air space both above the below the market is the current weather forecast. Technically gold is chopping in a range. Another way of saying this is that it is consolidating and marking time. The top of the range is near the $850 level while the bottom is near $830. A point of interest – the spread between the December gold contract and the April gold contract is a mere $2.00 which is pretty tight. It is only a bit over a $1.00 between the Dec and the February. If anything changes further in this regard I will let us know but for now the tightening is quite interesting. I think that the spreads will actually tell us more about gold this time of year than the outright price action in the lead month to be honest. Bonds floated higher today but remain below their recent peak. It is when the deflationary mindset eventually gives way that the bonds will break with a vengeance. When that occurs is anyone’s guess but it most certainly will. The Central Banks dread deflation more than anything else and will do everything in their power to slay that dragon no matter what the longer term consequences might be. Count me out of the group that believe that the mortals manning the helm at the Fed will be able to withdraw all the liquidity that they are injecting into the system to prevent a huge surge in inflation in the future and a loss of confidence in the Dollar. On the delivery front, another 59 contracts were assigned in the December gold contract bringing the total for this month to 13,325 or 1.33 million ounces. There are only 413 contracts left open in the December so internet chatter about a short squeeze in that month have been proven to be unfounded. Bear in mind that we have never advocated, “busting the Comex” at this website. We have advocated serious gold buyers who are looking to obtain the metal to go to the Comex and take delivery so as to reduce the amount of registered gold available and level the playing field by making this market an honest one. Those who insist on playing the paper game with the bullion banks will never win unless they force the shorts to respect the fact that they might be required to make good on deliveries. That is the only way to prevent these parasites from preying on the unsuspecting dupes that actually believe the Comex is a freely traded market. Like I have said many times, the hedge funds are not known for original thinking, being unable to wean themselves from their computer algorithms like the mindless droids that they are. If they spent a mere fraction of the money that they use in purchasing long positions at the Comex and actually rode enough of those longs into delivery, they could give the shorts a trip to the woodshed that they would never forget. The question is do they have the savvy to do so and the will to actually stop relying on their black boxes to do their thinking for them. I seriously doubt it but perhaps I might be surprised. At this point it does look to me like the index fund redemptions and most of the hedge fund deleveraging trade has finished up with only pockets of that sort of selling remaining. We will have to see what they do with the advent of the new year. Obviously the fate of the Dollar will be the determining factor in nearly all of the commodity markets moving forward into 2009. The grains should be quite interesting as the low prices have many farmers in the position of having gone from what could be considered boom times to almost bust times in the matter of 4 months. That being said, it still looks to me like they have bottomed out which bodes well for the entire commodity sector. So far the verbal intervention by the Japanese monetary authorities last week seems to have succeeded in shoving the year away from its lofty levels. It will be interesting to see how the yen fares early next year. I should note here that if the yen were to rally back up to its recent highs, especially next week, with liquidity being so low, the monetary authorities could inflict all kinds of damage on it should they choose to do so. The particularly could get a lot more effect from any actual intervention when the volume is so low. Crude oil basis February broke below the $40 level yesterday paving the way for a move down to $35 or even $30. Keep in mind that many projects that were originally profitable when crude was trading above $75 - $80 are no longer so and those projects will never see the light of day at current levels. Oil companies are not going to punch holes in the ground to bring out oil and lose money on it. They will simply idle the drillers. The old adage that the best cure for low prices is low prices will hold true for crude oil. Eventually the excess supply will get mopped up and crude prices will recover.

Sunday, December 21, 2008

JOHN DEAN ON PROSECUTING TORTURE

John Dean: 'Serious consequences' if Obama doesn't prosecute torture David Edwards and Muriel Kane Published: Friday December 19, 2008 Vice President Dick Cheney's admission that he authorized waterboarding has focused attention on possible Bush administration war crimes, and former Nixon White House counsel John Dean believes there will be "serious consequences" if the Obama administration tries to avoid singling out those involved for prosecution. "I would be surprised if Cheney really wants to test the law," Dean told MSNBC's Keith Olbermann on Thursday, "but he's getting out there pretty close to it. I think most of the people who might be involved are trying to stay below the cover and hope that the statute of limitations ... will pass." Olbermann asked Dean why Democratic leaders like Sen. Carl Levin have been proposing a special commission to investigate allegations of torture, "rather than the incoming attorney general, Mr. Holder, just sending somebody out to arrest these guys before they leave the capital." "There is a degree of conventional wisdom that suspects that Mr. Obama really doesn't want to take this issue on," Dean replied. "It's not a unifying move." Olbermann noted that the problem with bipartisan special commissions, like the one created after 9/11, is that they are "almost openly dedicated to not pointing fingers." "Don't we have to point fingers?" he asked Dean. "Is that not the way justice works?" Dean agreed, saying that if those involved in war crimes are not singled out, "this is going to really reflect terribly on the entire country, not just on the Bush administration which has engaged in these activities, but it really will reflect on the Obama administration for its refusal to pursue them and prosecute them." "I think there's serious consequences if they refuse to point fingers," Dean stated. Olbermann asked what Dean saw as the best and most realistic outcome, and Dean replied that it "would be if Mr. Obama, indeed, does exactly what he said during the campaign -- that he will, indeed, when his attorney general is seated, have him instructed to immediately look and see if these offenses have been committed, if they are prosecutable ... and then report to him and the nation to make it very clear that this is not the policy of the Obama administration or the United States." When Olbermann then asked what he thought was the "most likely outcome," Dean laughed and replied, "Given ... the heat [Obama's] going to take on Rick Warren, he's going to take an awful lot more heat if he doesn't do something to honor his campaign commitments." Use this link to view video: http://rawstory.com/news/2008/John_Dean_Serious_consequences_for_not_1219.html

ANOTHER ONE FROM SORCHA FAAL

[Ed. Note: This report should be read from its website location at http://www.whatdoesitmean.com/index1179.htm as this email copy does not contain the links embedded in the original report.] December 19, 2008 Iran Warns Of Bilderberg Plot To Plunge World Into Total Chaos By: Sorcha Faal, and as reported to her Western Subscribers Iran's official news agency IRNA is warning today of a Global plot hatched by a 'secret society of Freemasons' known as the Bilderberg Group to plunge our World into 'total chaos' in order to destroy all religions and independent Nations in order to establish a planetary wide single system of government. According to the articles published by Iranian reporter Amir Taheri on this plot, "The alleged conspiracy was finalized at a secret meeting of the group in June 1999 in Caesar Park Hotel in the Portuguese resort of Penha Longa." Taheri further states about this Bilderberg Group: "Strictly speaking, there is no such thing as the Bilderberg Group or Masonic lodge. What we have is an annual private meeting of influential individuals, mostly from Europe and the United States, designed to generate free discussions on a range of issues without a pre-set agenda and according to the so-called Chatam House rules under which there are no reports of the proceedings and none of the participants could be quoted by name. The first meeting was held at Hotel de Bilderberg near Arnhem in Holland in 1954 at the invitation of Prince Bernhard, the husband of the then Queen Juliana. The number of guests was fixed at 130 and initially only limited to politicians, academics and business people from member countries of the North Atlantic Treaty Organization (NATO). Later, the meeting extended its reach and started inviting personalities from all over the world, according to which countries happened to be in the news. The invitations were designed to include two representatives from each country, one liberal and one conservative. Over the past half a century, almost anybody who was somebody in international business or politics has made at least one appearance at the group's annual meetings. Thus, if this were a gathering of conspirators we would have to assume that virtually the whole of the global leadership elite consists of Masonic plotters. Last June, for example, Senators Hillary Clinton and Barack Obama both attended the Bilderberg meeting along with more than 60 other political figures from across the globe." American dissident researchers writing about the Bilderberg Group further warn that this organization is, in fact, a 'shadow government' having great power over all of the World's governments and that its meetings are banned by US propaganda media organs from reporting on them to their citizens. Russian intelligence reports on the Bilderberg Group state that it is one of the six German Nazi based 'Illuminati' governed organizations that comprise what is loosely referred to as the Round Table that seeks total Western control over our entire Earth and its resources and has been directly responsible for both World War's I and II, and which have left over 500 million dead in the past 80 years alone. In our December 12th report titled "Council On Foreign Relations Warns Of United States Collapse By Summer, 2009", we had reported on one of the other members of this Round Table wherein Russian Foreign Ministry sources had warned about these groups agenda for our World and which includes: Global manipulation of the prices of oil, natural gas, zinc, iron ore, nickel, copper, platinum, gold, corn, wheat and rice to 'stratospheric heights' to be immediately followed by their, likewise, engineered collapse. Manipulation of the Global economy through the flooding into financial systems of 'unlimited' credit to be immediately followed by an engineered contraction of the money supply thereby collapsing the entire World's banking system to leave the West's powerful Central Banks as the sole survivors, and defacto owners of the West's industrial output. Dissolution of the North American and European Nation States which are then to be 'reformed' into 'Global Trading Blocs' centrally governed by unelected emissaries to a new 'One World' governing body. The 'forced destruction' of all other Nation States on Earth, to include, Russia, China, the Middle East, South and Central America and Africa, whereupon they too will be able to become a part of the 'new' One World ruling structure. The forced relocation of the Earth's entire population into urban 'environments', with the United States, Canada and Mexico to be the first Nations to implement this policy among its citizens, by 'force' if necessary. Though there are growing signs that the American people are beginning to awaken from their decade's long slumber which has seen their freedoms and economic power stolen from them by these insidious power blocs, it may be 'too little' and 'too late' for them to reverse their catastrophic plunge into the abyss, and as we can read as reported by the World Tribune News Service in their report titled "Doomsday: U.S. report warns of 'strategic shock' leading to massive unrest", and which says: "The United States could be sleep-walking into its next crisis, a military report said. The report by the U.S. Army War College's Strategic Institute, said that a defense community paralyzed by conventional thinking could be unprepared to help the United States cope with a series of unexpected crises that would rival the Al Qaida strikes in 2001, termed a "strategic shock." "Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security," the report, authored by [Ret.] Lt. Col. Nathan Freir, said." Reports from the United States are showing that their War Leaders are heeding these warnings as the US Military is preparing to unleash upon its citizens another 11,500 American Troops that they say will protect their Nation upon their new President's inauguration. Being lost upon these American people, however, is that the Military Forces they will soon be confronting are not there to protect them, but are instead being deployed to protect the ruling American elite classes who have robbed their people of their entire wealth and intend to leave them as nothing more than economic slaves and prisoners in their vast urban concentration camps and vast prison network which has made them the most jailed people our World has ever known. What is feared most by these American War Leaders is that their citizens will awaken to the plans being made for their slavery like the peoples in Greece who are now violently engaged against these Western monsters in order to free their Nation from its planned destruction. Russian Military Experts state in their reports that unlike Europe, the Middle East or the Eastern Nations of the World, the American people are not expected to rise up in mass against their planned destruction as their physical and mental states have been nearly totally destroyed by the forced drugging of them through their genetically modified foods, fluoridated water and psychotropic medical supplies, all of which are based upon eliminating these peoples as serious threats as they have become the most obese, most depressed and most mind controlled human beings our World has ever seen. As astonishing as it is to believe, it is nevertheless true that the American people remain the only peoples on our entire Earth who still do not know that microwave prepared foods have all of their nutrients destroyed leading to obesity and diabetes, that the Aspartame ingredient contained in all of their diet foods and drinks to 'control' their obesity is outlawed in nearly every other Nation on Earth as it is nothing more than a poison, and that the violent video games they buy for their children have all been funded by their Military to overcome in these young minds the strongest human taboo there is..killing another human being. But, to the greatest danger of all facing these people is their belief that warnings such as this one are the 'conspiracy', instead of their knowing that the truest, and darkest, conspiracies are those of their own government and propaganda media organs who continue to tell these deluded people not to listen to anyone other than them as they lead these poor souls into the pits of their final destruction. © December 19, 2008 EU and US all rights reserved. http://www.whatdoesitmean.com/index1179.htm -- Sorcha Faal sorchafaal@fastmail.fm

IN REGARDS TO THE MW ARTICLE: Divorce rates drop as couples realize it's cheaper to stay together

FOR A GOOD LAUGH ABOUT DIVORCE WATCH THIS SHORT VIDEO: http://www.youtube.com/watch?v=tZ42ChFJiaw

WERNERFUL'S BEACH

JIM SINCLAIR COMMENTS ON MANIPULATION

FROM JSMINESET.COM Signs Of The Evil Pretenders – How To Recognize Manipulation Posted: Dec 21 2008 By: Jim Sinclair Post Edited: December 21, 2008 at 7:28 am Filed under: General Editorial Dear CIGAs, Manipulation of price, a criminal, regulatory (if the regulator cares to regulate) and commercial crime of fraud subject to civil litigation and criminal law is today the major means of what funds consider trading. It is not trading but rather criminal activity with both criminal and civil law remedies. It takes the form today primarily of pool short selling or naked short selling as a civil and criminal conspiracy to defraud. Manipulation is both on the short as well as long side. It does not matter if the direction is welcome to you, both up and down is the practice of market sociopaths. Now it is most prominent as a pounding pool short selling conspiracy, making offerings not to trade but to scare buyers and late hour or after hour computer trades where you trade with two different names - a camouflaged trading scheme with yourself. Let’s look at a few common sense rules: 1. No one throws money away on purpose. No one sells large blocks of shares at deep discounts off the price of closing on one exchange or another. Usually a computerized trading platform is the single manipulator, trading with himself via the conspiracy of another called “Pool Short Selling" or "Parking.” This can occur when a situation is running hard towards the old high with a big illegal short interest attempting to save itself. It can also occur when a major interest is a buyer who sells in a most disorderly manner to shake out some weak longs that have followed in the footpath of the buyer buying now in front of the major interest. This is called “Shaking the Tree.” 2. Generally in the commodity world, certainly in gold and silver, the ‘Bombastic Bastards” enter the market. These traders enter the market generally with the same intentions as number one, committing the same crimes as number one that are subject to civil, regulatory (if there are any or any willing to enforce them) and criminal remedies. Equity traders they are somewhat more sophisticated in the sense that these dastardly cowards hide behind the bushes operating from the shadows for what they think is security in their misbehaviour. First the Bombastic Bastards take their position, such as selling into a rising market that is stretched out. Now enters the BBs hitting all the small bids. As the buyers begin to fade, they offer huge amounts knowing there are no buyers. As a result the price wilt or vaults to their advantage. The civil, regulatory and criminal event here is to move a price without taking real risk, as there is never any intention of selling the large amount offered. It is proved by same similar patterns over time. 3. The final is dirty tricks. You remember the hatchet job that was done on Royal Gold. You also remember how low it got and how high it went after that. I have always believed that RGLD has an $80 target on it. I believed that then and now. Let me tell you about another dirty trick. Say we exaggerated beyond belief the cost of mining for a company trying to color an entire area the same. Cash costs of mining today is plus or minus the profit or expense of the short of gold derivative taken for that exact project. International GAAP now demands that the short of product derivative taken must be identified when taken to the project for which it is taken. Then the profit or loss of the short of product derivative must be credited or debited to the appropriate project DIRECTLY. To falsely define a social or political event as it applies to a company is another manipulative supporting strategy. When a company has a problem with the locals in a country known for its friendly and welcoming behaviors, you can be sure that company did something really bad and deserves it. The key here is EXAGGERATE. This is common to anti global, anti corporate, pro-socialism organizations and follows the same exact script from one exaggeration to the next exaggeration. I know, as I was Chairman of Sutton Resources and Kahama Mining when such an alleged event occurred. You can review that by reading the publication, “The Men Who Moil for Gold” found on the net at the site of the University of Toronto publications. What the paid NGA (Non Governmental Agency) anti globalism organizations do is multiply the number of people and damages, all with a splash of violence for color. Next the manipulator using the NGA gets a paid friend to get the nonexistent or grossly exaggerated story on a wire service or into some publication to benefit the manipulator’s position. This is known as “Dirty Tricks.” Know that the long side manipulator is as much a criminal as is the short side manipulator. To say otherwise is to prostitute my principles.

Thursday, December 18, 2008

MY HARLEY IS UNDER THAT MOUND

My Harley has a Deluxe Cover over it, plus a good quality silver tarp, so I'm not too worried about the snow getting to it.

MY TRUCK

That's at least three feet of snow on top of the truck

IT JUST WON'T QUIT SNOWING

After three hours of snowthrower work, it's still snowing and just won't stop. This is a record snowfall for the Spokane area. The old record for this day was 13 inches. So far we're up to 19.6 inches where they measure in Spokane, our nearest major city. Here in North Idaho, in my little town, we have had at least four feet of snow since yesterday mid morning.

HERE'S A GOOD ONE FROM HPLOVECRAFT OUT ON THE MW THREADS TODAY

The IRS decides to audit Grandpa, and summons him to the IRS office. The IRS auditor was not surprised when Grandpa showed up with his attorney. The auditor said, 'Well, sir, you have an extravagant lifestyle and no full-time employment, Which you explain by saying that you win money gambling. I'm not sure the IRS finds that believable.' I'm a great gambler, and I can prove it,' says Grandpa. 'How about a demonstration?' The auditor thinks for a moment and said, 'Okay. Go ahead.' Grandpa says, 'I'll bet you a thousand dollars that I can bite my own eye.' The auditor thinks a moment and says, 'It's a bet.' Grandpa removes his glass eye and bites it. The auditor's jaw drops. Grandpa says, 'Now, I'll bet you two thousand dollars that I can bite my other eye.' Now the auditor can tell Grandpa isn't blind, so he takes the bet. Grandpa removes his dentures and bites his good eye. The stunned auditor now realizes he has wagered and lost three grand, with Grandpa's attorney as a witness. He starts to get nervous. 'Want to go double or nothing?' Grandpa asks 'I'll bet you six thousand dollars that I can stand on one side of your desk, and pee into that wastebasket on the other side, and never get a drop anywhere in between.' The auditor, twice burned, is cautious now, but he looks carefully and decides there's no way this old guy could possibly manage that stunt, so he agrees again. Grandpa stands beside the desk and unzips his pants, but although he strains mightily, he can't make the stream reach the wastebasket on the other side, so he pretty much urinates all over the auditor's desk. The auditor leaps with joy, realizing that he has just turned a major loss into a huge win. But Grandpa's own attorney moans and puts his head in his hands. 'Are you okay?' the auditor asks. 'Not really,' says the attorney. 'This morning, when Grandpa told me he'd been summoned for an audit, he bet me twenty-five thousand dollars that he could come in here and pee all over your desk and that you'd be happy about it!'

Wednesday, December 17, 2008

THE LAST THREE BOB CHAPMAN ARTICLES

I've gotten behind on posting Bob Chapman's articles from his International Forecaster, probably the most straight-forward, honest site available to WARN YOU ALL, about what is coming...THE END OF YOUR LIFESTYLE AS YOU HAVE KNOWN IT! Read all the articles you haven't read so far. Failure to do this, is AT YOUR OWN PERIL! http://theinternationalforecaster.com/

STATISTICS VS LIES

FROM THE SOVEREIGN SOCIETY A-LETTER EXERPT: There are Lies, Damned Lies, and then there are Statistics Today's comment is a special lies report from A-Letter Editor Matt Collins, as a complement to Chairman John Pugsley's full lies report Are you ready for the best thing you'll hear all day? You can ignore the numbers. That's right, you heard me. The charts, the graphs the statistics, just forget about them. If they don't make sense to you, and even if they do, you should be skeptical about what they're saying and whether they're telling the truth. But that old saying is popping into your head, "numbers don't lie." Well that statement's an even bigger lie than the numbers, and today you'll find out why. Besides there's another saying. And being that this one comes from Mark Twain, I'm more inclined to believe it. On the topic of lying, Mark Twain paraphrased Benjamin Disraeli. He said "There are three kinds of lies: lies, damned lies, and statistics." No statement on the topic could ever be truer. Busting the Myth of Statistics Let's start with a simple example. We'll say that I'm doing a study, and in this study I've made a basic assumption that there's a relation between blue jeans and car crashes. Sounds strange but stick with me. So I do a study across a wide range of people and places. I complement this study with a graph that shows two lines - for blue jeans and car crashes - and as the sales figures for blue jeans increases, so does the occurrence of car crashes. But what if the two have nothing to do with each other? At what point does my graph answer that question? Well, it doesn't. It could be that one person is buying an enormous amount of blue jeans (more and more each day) and that the occurrence of car crashes is going up for other reasons entirely. Now I know this is a strange example, but it proves at least one thing. It proves that our two variables - blue jeans and car crashes - may be totally unrelated. Something that the graph (the numbers) wouldn't even lead you to consider. Instead, the numbers, the graph, they make my weak argument - that blue jeans cause car crashes - seem more legitimate. After all, the numbers can't lie, right? Wrong. A Frighteningly Real Example Now we're going to move onto something a little bit scarier. And that's how our government calculates inflation. What's scary here is that the inflation statistics that are circulated by the government, are acknowledged to be some of the most legitimate statistics out there, and they're used by major businesses to make market-shaping decisions. But what we'll find here is a situation that makes the previous example look like child's play. Indeed, these numbers are subject to some of the most sophisticated tinkering in the financial world. A process called ‘hedonic pricing' is used in determining statistics like inflation and the Consumer Price Index. Hedonic pricing is a way to adjust values for the progression of time. Sound confusing? Well it is, and hedonic pricing is something that can be directly manipulated to produce the desired statistics. For example, I bought a TV five years ago. And it was cheap. And good. It was a wonderful TV and I still use it today. But this past year I decided to treat myself, and I bought a fancy new HDTV. This new TV cost me US$400 more than my old TV. But - thanks to hedonic pricing - it'll actually be treated as though it was cheaper than my old TV. Why? Well, since the new TV has a better picture and better sound, I get greater enjoyment out of it (at least as far as hedonic pricing is concerned) and therefore it's of greater value. At least that's what hedonic pricing says. They can use hedonics and attach an arbitrary value to that added enjoyment - let's say they go with US$450. Since I get US$450 more value from my new TV, it's actually written into the Consumer price index as being cheaper than the old TV. That's how they can use hedonics to make consumer products seem cheaper and inflation lower. So they can use hedonic pricing to a very real extent in order to shape the results they get. Still think numbers can't lie? What You See Depends on where you Stand We'll go from that example to a much bigger problem with Statistics. And that's the fact that they're made by people. Don't get me wrong, I think people are great. But I also realize the fact that everyone sees the world in his or her own personal way. And how they see the world depends largely on where they stand. For example, Martin Hennecke, Senior Manager of private clients at Tyche, doubts that inflation is as low as the government reports. He cites the fact that if you used the 1983 formula to calculate inflation, then the result is currently between 10-11% (twice as much as the official numbers.) But Mike Shedlock, a Global Economic Analyst from Sitka Pacific Capital, disagrees completely. He cites the fact that the government uses a formula known as Owners' Equivalent Rent (OER) as the housing component in the CPI and their calculations of inflation. We won't get into OER here, but let's just say that it's as easy to manipulate as hedonics. Shedlock tries instead to calculate inflation using the Case Shiller Index, a statistic he sees as more honest than the OER. By his calculation, we've currently got a negative rate of inflation...that is, deflation. So What do You Do? First, you should relax. Knowing that most statistics are meaningless should free you from worry, not introduce more. What you know now will make you less likely to be swayed by a weak argument sporting a handful of pretty pictures. You'll be more likely to ask questions about statistics, and not just accept them. You should decide whether they make sense to you or not, and then just worry about why. Remember that every graph, chart and statistic is not an objective presentation of the facts. Rather, someone is always trying to prove a point or support an argument. Don't ever be lured in by weak arguments that use complex math to prove a point that fundamentally doesn't make sense to you.

PETER SCHIFF VIDEO TEN MINUTES

CREDIT TO CSPANJUNKIE FOR THE LINK http://www.youtube.com/watch?v=8PIEGK0IbA4 RON PAUL IS COMPLETELY VINDICATED BY THE RECORD OF HIS WARNINGS TO US ALL. But our Federal Idiots still won't admit they caused this mess and DON'T KNOW HOW to fix it. but ONLY MAKE IT WORSE AND WORSE, just by waking up and getting out of bed each morning. Could their wives or girl friends (or male lovers) PLEASE.... Suffocate them all while they are sleeping?

Tuesday, December 16, 2008

BUSH GETS THE BOOT...HOORAY!

December 15, 2008 Finally, A Journalist We Can Look Up To! A Hero of Our Time: Muntadar al-Zaidi By DAVE LINDORFF http://www.counterpunch.org/lindorff12152008.html When Iraqi journalist Muntadar al-Zaidi heaved his two shoes at the head of President George W. Bush during a press conference in Baghdad, he did something that the White House press corps should have done years ago. Al-Zaidi listened to Bush blather that the half-decade of war he had initiated with the illegal invasion of Iraq had been “necessary for US security, Iraqi stability (sic) and world peace” and something just snapped. The television correspondent, who had been kidnapped and held for a while last year by Shiite militants, pulled off a shoe and threw it at Bush—a serious insult in Iraqi culture—and shouted “This is a farewell kiss, you dog!” When the first shoe missed its target, he grabbed a second shoe and heaved it too, causing the president to duck a second time as al-Zaidi shouted, “This is from the widows, the orphans, and those who were killed in Iraq!” I’ll admit, listening to Bush lie his way through eight years of press conferences, while pre-selected reporters played along and pretended to get his attention so they could ask questions which had been submitted and vetted in advance, I have felt like throwing my shoes at the television set. Al-Zaidi, who paid for his courageous act of protest by being brutally beaten by security guards, is a hero of the profession. He stopped taking the president’s BS and called him what he is: a murderer and a criminal, with the blood of perhaps upwards of a million Iraqis on his hands. Al-Zaidi used what was supposed to be a staged photo-op for the president as an opportunity to speak up for those whose lives have been ruined by this president—the ones our suck-up journalists routinely ignore. I’m not suggesting that journalists should routinely leave presidential press conferences in their stocking feet. We have different ways of expressing our sentiments to people we feel have insulted our intelligence than throwing shoes at them, but it would be nice to see a journalist or two flip the president the bird when he lies so blatantly to them. Or they could all get up and just walk out, leaving him standing alone at the presidential lectern. It’s time for the press corps to stop treating presidents like royalty. If he accomplished anything at all in eight years in office, President Bush has demonstrated that, to the contrary, the president is a very ordinary—and in his case a rather less than ordinary—man. The office of president deserves no more respect than that of the mayor of Detroit, or of Wasilla. My suggestion is that the press corps use the remaining five weeks of the Bush administration to develop a new relationship with the presidency—one in which they drop all the phony propriety and tradition and start acting like boisterous newshounds of old, barking questions, laughing cruelly at inane answers, demanding follow-ups when they are given the run-around, and, where necessary, walking out, or perhaps tossing the occasional shoe. The journalism profession was a full-blown disaster and an utter disgrace during the Bush administration, and with all the crises facing the country and the world, in part because of that failure on their part, we cannot afford to have them continue that failure into the Obama administration. With the Bush administration reduced to a running joke at this point, it gives the journalism profession a chance to redeem itself by using these few remaining weeks to establish a new tradition for presidential press conferences and photo-ops—one that can continue on into the new presidency. Meanwhile, I’m suggesting that my alma mater, the Columbia University Graduate School of Journalism, hire al=Zaidi to teach a class in press conference journalism techniques. They should make it a multi-year appointment, because if he left after just one year, his would be difficult shoes to fill. NOTE: Speaking of shoes and the White House, Skip Mendler of Honesdale, PA has a great idea. He suggests that everyone who is disgusted with the outgoing Bush/Cheney administration send a shoe to the White House. Just imagine a pile up of a million smelly old running shoes in the White House mailroom! I think he's got something. Spread the word! DAVE LINDORFF is a Philadelphia-based journalist and columnist. His latest book is “The Case for Impeachment” (St. Martin’s Press, 2006 and now in paperback). His work is available at www.thiscantbehappening.net

Monday, December 15, 2008

ANOTHER ONE FROM SORCHA FAAL

[Ed. Note: This report should be read from its website location at http://www.whatdoesitmean.com/index1177.htm as this email copy does not contain the links embedded in the original report.] December 15, 2008 American People Warned To Prepare For Financial Armageddon By: Sorcha Faal, and as reported to her Western Subscribers Deputy Economics Minister Andrei Klepach in issuing his stark warning to President Medvedev that the Russian economy is now in recession has stated in even more catastrophic terms that the United States is facing nothing less than a total 'Financial Armageddon'. Klepach's warnings also echo those of the American researcher Michael J. Panzner who in his book titled 'Financial Armageddon' had tried to warn his Nations peoples about their coming collapse, none of whom listened to his warnings though while their was still time to protect themselves. More directly, however, Klepach's warnings were based upon the collapse of the buyout for Canada's phone giant this past week which he states is the 'beginning of the end' of American financial hegemony over the World, and as we can read: "The collapse of what would have been the the largest leveraged buyout in history has some private equity executives fearing a financial "Armageddon," The Financial Times reported. On Wednesday night, the $50 billion takeover of BCE, parent of the phone giant Bell Canada, by a consortium of private equity firms collapsed, bringing the recent era of blockbuster corporate buyouts to an end." The 'domino effect' of this buyout collapse is reverberating through all of the World's finance ministries and markets today with one of the United States largest hedge funds now informing its depositors that they can no longer access their money, and as we can read: "Citadel Investment Group, the hedge fund firm run by Kenneth C. Griffin, halted year-end withdrawals from its two biggest funds after investors sought to take out $1.2 billion, according to a letter sent to clients. The Kensington and Wellington funds, which together manage about $10 billion, have lost 49.5 percent of their value this year through Dec. 5. Withdrawals may resume as early as March 31, said the letter, signed by Mr. Griffin and sent to investors on Friday, Bloomberg News reported." Adding to the woes associated with this Global economic collapse is the just released World Bank report warning that we are now entering a time not seen since the Great Depression, and as we can read: "The world could go through its worst recession since the Great Depression as a massive financial crisis has slashed global investment and sharp drops in commodity prices severely hurt poor-country exports, the World Bank warned. The global development bank slashed its previous estimates for global growth to 2.5 percent in 2008 and 0.9 percent in 2009, well below the three percent rate typically considered the dividing line between global growth and contraction. "The financial crisis is now likely to result in the most serious recession since the 1930s," said the World Bank's chief economist Justin Lin, as the group released its annual report on the global economy." To the catastrophic fate awaiting the American people however, is the collapse of their currency, and as we can read is already occurring: "The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a four-month, 24 percent rally. The currency weakened 5.9 percent measured by the trade- weighted Dollar Index after strengthening between July and November as investors bought the greenback to flee riskier assets and repay dollar-denominated loans from lenders reining in credit. Ever since peaking on Nov. 21, the dollar fell against all 16 of the most-widely traded currencies, according to data compiled by Bloomberg. U.S. policy makers are flooding the world with an extra $8.5 trillion through 23 different plans designed to bail out the financial system and pump up the economy. The decline shows that the increased supply of money may be overwhelming investors just as the government steps up debt sales, the trade and budget deficits grow and de-leveraging by investors slows. "The dollar will go to new lows as the U.S. attacks its currency," said John Taylor, chairman of New York-based FX Concepts Inc., which manages about $14.5 billion of currencies." In an even greater affront to the American people about the trillions of dollars being 'unleashed' upon the World by their government is that they are not allowed to even know who is receiving these staggering amounts of money, and as we can read: "The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression." Even worse for these American people is their not even realizing that the current financial chaos enveloping them is just beginning and is nowhere near seeing its ending point as another giant wave of home foreclosures is about to erupt and which is being termed as a 'Foreclosure Storm' getting ready to hit them as the new year begins and Jim Rogers, one of the World's most prominent International investors, is warning that most of the largest US banks are "totally bankrupt". In an even more bitter indictment of the American people, who many Russian economists have already labeled as 'insane', Klepach points out in his reports that these deluded people are actually still paying great portions of their monthly wages on home mortgages, auto loans and credit card bills which have already been taken off the books of their already failed banks as 'uncollectible' debts as all of these people will fall into bankruptcy by the end of 2010. One can only wonder as to why these people are paying anything at all to anyone other than their own family's survival. It is as if they actually believe they will 'somehow' return to the spendthrift days of their past where they cared not one wit for the future as they, even now, continue plunging into the abyss. We can only guess as to whether these people deserve our scorn or sympathy as they themselves appear to be living their lives in continued denial of the monstrous future being planned for them. © December 15, 2008 EU and US all rights reserved. http://www.whatdoesitmean.com/index1177.htm -- Sorcha Faal sorchafaal@fastmail.fm

HOMELESSNESS/HUNGER INCREASING

DO YOU HEAR ABOUT THIS ON THE NEWS...OF COURSE NOT! US homelessness, hunger rising: A survey cited by AFP says homelessness and hunger increased in an overwhelming majority of 25 US cities in the past year, driven by the foreclosure crisis.. http://www.presstv.com/detail.aspx?id=78276§ionid=3510203

MONDAY MORNING REPORTS

Empire State index Industrial production Homebuilders' index

Sunday, December 14, 2008

OPEN YOUR MIND AND JUST READ AND GET PREPARED

December 12, 2008 Council On Foreign Relations Warns Of United States Collapse By Summer, 2009 By: Sorcha Faal, and as reported to her Western Subscribers Russian Foreign Ministry sources are reporting today that the United States Council on Foreign Relations organization has presented to its Western allies attending this weeks contentious European Climate Summit a secret report that summarizes that the American Nation, indeed all of North America, will 'totally collapse' by the Summer of 2009. The Council on Foreign Relations (CFR) describes itself as "an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing the United States and other countries." Russian Intelligence sources, on the other hand, describe the Council on Foreign Relations as the defacto 'shadow government' of not just the United States, but the entire Western World since its founding in 1921, and which the World War I American President, Woodrow Wilson, spoke of by stating: "Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." To the CFR's latest warnings, these reports state, is the dire confirmation of the US Pentagon's 2004 classified report to President Bush on the catastrophic Global changes due to climate change currently occurring and which only Britain's Guardian Newspaper reported on, and as we can read from their article titled "Now the Pentagon tells Bush: climate change will destroy us": "Climate change over the next 20 years could result in a global catastrophe costing millions of lives in wars and natural disasters.. A secret report, suppressed by US defence chiefs and obtained by The Observer, warns that major European cities will be sunk beneath rising seas as Britain is plunged into a 'Siberian' climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world. The document predicts that abrupt climate change could bring the planet to the edge of anarchy as countries develop a nuclear threat to defend and secure dwindling food, water and energy supplies. The threat to global stability vastly eclipses that of terrorism, say the few experts privy to its contents. 'Disruption and conflict will be endemic features of life,' concludes the Pentagon analysis. 'Once again, warfare would define human life." To the most chilling parts of this CFR report it outlines the West's 'survival plan of action', and which includes in part: Global manipulation of the prices of oil, natural gas, zinc, iron ore, nickel, copper, platinum, gold, corn, wheat and rice to 'stratospheric heights' to be immediately followed by their, likewise, engineered collapse. Manipulation of the Global economy through the flooding into financial systems of 'unlimited' credit to be immediately followed by an engineered contraction of the money supply thereby collapsing the entire World's banking system to leave the West's powerful Central Banks as the sole survivors, and defacto owners of the West's industrial output. Dissolution of the North American and European Nation States which are then to be 'reformed' into 'Global Trading Blocs' centrally governed by unelected emissaries to a new 'One World' governing body. The 'forced destruction' of all other Nation States on Earth, to include, Russia, China, the Middle East, South and Central America and Africa, whereupon they too will be able to become a part of the 'new' One World ruling structure. The forced relocation of the Earth's entire population into urban 'environments', with the United States, Canada and Mexico to be the first Nations to implement this policy among its citizens, by 'force' if necessary. [Note: It is interesting to note that in this section of the CFR's report that no plans are made for the taking of weapons from these people, rather the price of ammunition for citizen owned weapons is first to be raised so to make it virtually unaffordable, to then be followed by mass engineered shortages and, finally, to be banned from being sold altogether.] To the effectiveness in the CFR's implementation of their plans for our World's economy there is no doubt; and as we can read as reported by the International Herald News Service: "The world economy is on the brink of a rare global recession, the World Bank said in a forecast released Tuesday, with world trade projected to fall next year for the first time since 1982 and capital flows to developing countries forecast to plunge 50 percent. The projections are among the most dire in a litany of recent gloomy prognostications for the world economy, and officials at the World Bank warned that if they proved accurate, the downturn could throw many developing countries into crisis and keep tens of millions of people in poverty. Even more troubling, several economists said, there is no obvious locomotive to propel a recovery." But, to the very real, and catastrophic, dangers facing the United States to which the CFR is preparing for, and as warned of by the Pentagon in their secret report, we can read as reported by the CNN News Service: "Drought has returned to the United States, and some warn that more tough days are ahead. The value of water is starting to become apparent in America. Over the past three years a drought has affected large swaths of the country, and conflicts over water usage may become commonplace in the future, climatologists say. "Our focus is oil, but the critical need for water is going to make water the most significant natural resource that we're going to have to worry about in the future," says Larry Fillmer, executive director of the Natural Resources Management & Development Institute at Auburn University in Alabama. At least 36 states expect to face water shortages within the next five years, according to a report from the U.S. Government Accountability Office." Even more important to note is that the very subject of the once too taboo to mention 'One World' government is now being broached by one of the West's most prestigious and influential newspapers, London's Financial Times, and as we can read: "I have never believed that there is a secret United Nations plot to take over the US. I have never seen black helicopters hovering in the sky above Montana. But, for the first time in my life, I think the formation of some sort of world government is plausible. A "world government" would involve much more than co-operation between nations. It would be an entity with state-like characteristics, backed by a body of laws. The European Union has already set up a continental government for 27 countries, which could be a model. The EU has a supreme court, a currency, thousands of pages of law, a large civil service and the ability to deploy military force. So could the European model go global? There are three reasons for thinking that it might. First, it is increasingly clear that the most difficult issues facing national governments are international in nature: there is global warming, a global financial crisis and a "global war on terror". Second, it could be done. The transport and communications revolutions have shrunk the world so that, as Geoffrey Blainey, an eminent Australian historian, has written: "For the first time in human history, world government of some sort is now possible." Mr Blainey foresees an attempt to form a world government at some point in the next two centuries, which is an unusually long time horizon for the average newspaper column. But - the third point - a change in the political atmosphere suggests that "global governance" could come much sooner than that. The financial crisis and climate change are pushing national governments towards global solutions, even in countries such as China and the US that are traditionally fierce guardians of national sovereignty." To the worst aspects of this report however, is that the plans being implemented by the CFR and their allies conclude that the American people are to be the first to be annihilated as they currently are the most 'psychically medicated and media controlled' of all the Earth's peoples and unlike their counterparts in, for example, Greece and Thailand are not feared to protest against their rulers as their way of life, indeed their very Nation, is completely destroyed. Though one could find it hard to intellectually argue against the CFR's goal of uniting our entire Earth against the dire catastrophes we face as a human species, one could, indeed, find great exception to the methods they are using to achieve their goals. If the end result, no matter how noble, does justify the means to achieve them then no argument against the CFR can be made. If, however, the treatment of human beings to achieve these end results relegates us to being nothing more than chattel to our new masters than one can only determine to stand against those who seek to rule over us, to even destroy us, to keep us from destroying ourselves. And for the Americans? According to the CFR 'master plan' their destruction has already begun and the summer of 2009 will be more horrible than any of them can realize. © December 12, 2008 EU and US all rights reserved.

Saturday, December 13, 2008

DECEMBER COMEX GOLD SQUEEZE COMING?

http://www.gata.org/node/6990 Comex said warning brokers about December gold squeeze Submitted by cpowell on Sat, 2008-12-13 04:11. Section: Daily Dispatches From "Midas" Commentary by Bill Murphy LeMetropoleCafe.com Friday, December 12, 2008 I received a call this morning from a commodities broker who told me that the Comex is alerting various futures firms about the potential of a squeeze on the December contract and is advising the $840 December shorts to exit their positions. That is the remaining open position. There have been 12,636 notices of delivery. The shorts have until December 31 to make delivery. Normally they deliver early to take in cash and earn the interest. They must be delaying. As I understand the situation, that represents about 40 percent of the gold available at the Comex, and of course someone could enter the scene late, buy February gold, and then spread into December, which would stun the shorts. My broker friend said his back office said this sort of alert is highly unusual and that the concern is real, not only for gold, but for other commodities too, like copper and palladium, as there is a good deal of talk of taking deliveries there too. But gold is the one for which the advice to cover went out. This is an extremely productive development and could spur the price of gold up quickly as word spreads. As we all know, buying Comex gold and silver (the cheapest way to buy precious metals) makes all the sense in the world in this financial environment.

JAMES TURK: More on Gold Backwardation

AGAIN, LINK FROM CASEY RESEARCH: http://www.kitco.com/ind/Turk/turk_dec122008.html

Silver investigation: CFTC does U-turn

LINK FROM CASEY RESEARCH: http://www.investegate.co.uk/invarticle.aspx?id=68374

Dialectical materialism

You all need to have a grasp of this concept and the terms "thesis" "antithesis" "synthesis" and "dialectical" Excerpt from WorldReports.org article below: "Perpetual conflict and tension ... are the necessary prerequisites for 'fruitful' manipulation of the dialectical process (Thesis, Antithesis, Synthesis), with successive dialectical cycles occurring until (in theory) such time as the pre-intended 'Synthesis' is achieved. But of course, as all this is the work of the Devil, that never actually happens: hence the use of the word 'Revolution', meaning going round and round in circles. The word 'reactionary' was developed as a label to be used against all who oppose going round and round in circles, with the completely illogical connotation that those who prefer standing still and not getting dizzy by going round in circles, are boring stick-in-the muds who can be dismissed as beyond their sell-by-date. The use of twisted semantics is an important revolutionary tool." Just read it and you will see how it relates to much of what is going on and what is said in the WORLDREPORTS.ORG article below quite a way down in the article under the heading: CRIMINAL INTELLIGENCE INCOMPATIBLE WITH GOOD GOVERNANCE where he describes the two political parties as being 'thesis' and 'antithesis' and how they are now being manipulated by the intelligence community that has been thoroughly penetrated by new nazis. (nazi means National Socialist) Go to this Wikipedia link: http://en.wikipedia.org/wiki/Dialectical_materialism

"CONSPIRACY NUTS"...Not so "nuts" after all.

This is a MUST READ, article. It is a bit long and can seem to be a bit difficult to read due to the author's writing style. Just keep reading and IT WILL ALL BECOME CLEARER TO YOU! THE TRUTH OF OUR SITUATION CANNOT BE EXPLAINED IN A FEW WORDS. See 'DEFINITIONS' below: I have chosen a few vital words and phrases from the article that you might ordinarily skip over, rather than GOOGLE, to clearly understand them. DON'T EVER DO THIS AGAIN! How else are you ever going to improve your vocabulary and understanding of the World if you keep skipping over words and things you don't REALLY know the meaning of? When I first discovered this website, I thought the Website (WORLDREPORTS.ORG) might be run by a bunch of LOONIES! due to its style. But it appears that all those people who have been criticized for being "CONSPIRACY NUTS" about the 911 event, and this Financial Event of Destruction are gradually being JUSTIFIED for their skepticism about what the MASS MEDIA and Guv'mint itself tells us is "THE TRUTH" about what is, and has been, going on. You have to understand the Illuminati, Freemasons, and Mystery Babylon to understand the enormous Power Play that has been ongoing for many, many decades (or centuries) and perpetrated by the true "Elite" power crazed criminals that have ruled humanity during its evolution since man became "civilized". You will have to start studying those on your own...Just use GOOGLE and get ready to be amazed and challenged at the work you will have to do to understand what these evil people have done, and are now doing, to achieve their ONE WORLD ORDER and complete control of all World Assets and turn the world's populations into SERFS to be eliminated when they are of no further use as free labor. Here is the link to the article: http://www.worldreports.org/news/183_washington_exposed_as_secretly_financing_al-qaeda BE SURE TO READ IT ALL! THEN...click on HOME (at the top) and see the most current articles. *********************** DEFINITIONS: Misprision of Felony Statute (Wikipedia) "Misprision of felony" is still an offense under United States federal law after being codified in 1909 under 18 U.S.C. § 4: Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both. This offense, however, requires active concealment of a known felony rather than merely failing to report it.[6] Deutsche Verteidigungs Dienst (DVD), Dachau: GOOGLE the term or go to: http://tribes.tribe.net/infobunker/thread/59b9a2b1-50cd-4753-8b85-614d03f94d6e Deutsche Verteidigungs Dienst (DVD) is an idiom that doesn't translate well. German Defense Agency is the literal translation, but those within the European Intel community know it as the Black Nazi Intel Continuum. Nazi Abwehr: Abwehr From Wikipedia, the free encyclopedia The Abwehr was a German intelligence organization from 1921 to 1944. The term Abwehr (German for defence) was used as a concession to Allied demands that Germany's post-World War I intelligence activities be for "defensive" purposes only. After 4 February 1938, its name in title was Foreign Affairs/Defence Office of the Armed Forces High Command (Amt Ausland/Abwehr im Oberkommando der Wehrmacht). Despite its name implying counterespionage, the Abwehr was an intelligence-gathering agency and dealt exclusively with human intelligence, especially raw intelligence reports from field agents and other sources. The Chief of the Abwehr reported directly to the High Command of the Armed Forces (Oberkommando der Wehrmacht, or OKW). Intelligence summaries and intelligence dissemination were the prerogative of the Operations Branch, (as distinct from the Intelligence Branch), of the OKW, and through it to the intelligence-evaluation sections of the Army (Heer), the Navy (Kriegsmarine), and the Air Force (Luftwaffe).[1] The headquarters (HQ) of the Abwehr were located at 76/78 Tirpitzufer, Berlin, adjacent to the offices of the OKW.[2] Queen Melusina: (The author uses this term to describe Hillary Clinton) Melusina is a mythological female character that is half woman and half snake. For further study of the European myth...see: http://www.pitt.edu/~dash/melusina.html

Thursday, December 11, 2008

DAN NORCINI'S COMMENTS ON DECEMBER11, 2008

FROM JSMINESET.COM Hourly Action In Gold From Trader Dan Posted: Dec 11 2008 By: Dan Norcini Dear CIGAs, Gold shot through another level of overhead resistance in convincingly fashion before it was capped near the $830 level. The selling at that level was quite incongruous with the massive upside move in the Euro and the nearly $6.00 move higher in crude oil. With the Dollar falling completely out of bed as wave after wave of speculative sell stops were touched off, it made the obvious defense of $830 in gold by the bullion banks all the more laughable. Gee fellas, nothing like being discrete is there? Then again, they do not even bother to trying covering their footprints any more. Anyone with a lick of chart reading knowledge can see their handiwork Seriously, no amount of paper gold market shenanigans by these people can change the fact that the market seems to be coming to grips with the near infinite amounts of dollars which the feds insist on throwing at any business entity that can afford to hire enough lobbyists to endlessly recite why it is too big to fail. The rush into Treasuries, creating one of the biggest bubbles I have seen in that market and probably will not see again, has dropped yields to zero and in some cases below zero. With that kind of backdrop, it makes perfect sense for investors looking for a safe haven to move into gold considering that dollars are going to be dropping out of the sky. It should be noted that the move higher in gold is not confined specifically to gold priced in Dollar terms alone. Gold priced in euros, or Euro-Gold as I prefer to call is, came in solidly above the 600 level today at the PM Fix with the price set at €624.011. Gold priced in pound sterling set another new all time high being fixed at 554.495. I will try to get some gold charts priced in various currencies up later today if time permits. When you have gold moving higher in terms of all the major currencies plus the mining shares moving higher, it is always a positive. Keep in mind that tomorrow is Friday and after a move of the magnitude that gold has shown us this week, it is not to be unexpected that some profit taking by short term oriented longs will occur as they see the bullion bank selling appear. Open interest saw a very good increase in yesterday’s big upmove; something which is technically friendly. We just might have finally bottomed out in the open interest after dropping from nearly 594,000 contracts to a low point of 261,000. That is one helluva market flush. We need to see a steady increase in this number to support any upside trending move. I have no doubt that a good number of those funds who had chased momentum lower and were selling into the weakness are now effectively out of the market after yesterday and today. Their buying helped propel prices higher as it was the sell stops that they had in place that were touched off. Fresh buying now must carry the load against what we all know will be the endless paper selling by the banks. Don’t forget – the best way to deal with these people is to continue taking delivery of physical gold and taking the gold OUT of the warehouses. I think it important to note that the selling of the Dollar was broad based today in a fashion that we have not seen for some time now. What I mean by this is that we have been accustomed to seeing the Dollar and the Japanese Yen basically moving in sync. They go up as risk aversion rises and they go down as the appetite for risk returns. Today, they went in totally different directions. The Yen was higher along with all the rest of the major currencies while the Dollar was beaten with the proverbial ugly stick. Whether today’s balance of trade numbers sparked the whipping that the Dollar took is unclear but it sure did not help matters any to see the deficit shoot sharply higher, much higher than just about anyone was expecting. It should not have come as a surprise however given the weakness in crude oil and the strength in the dollar. The last thing that US export related businesses want to see, especially in the ag sector, is a higher dollar. It is already seriously choking off agricultural commodity export business. Expect to see more political pressure arising from the US against China on the issue of the yuan and its valuation. Then again, how does one expect to deal with the fellow who loans you all the money with which to feed your profligate spending habits? The bonds continue in their bubble – no doubt a lot of the support in that market is guys continuing to front run expected purchases by the Fed against the longer end of the curve as they work to push down interest rates to try to jump start the real estate sector. That is why dips continue to be bought. At some point guys will realize that they are throwing their money into a rat hole but for now, the trend is their friend. The question is how long does “for now” last? The price of spot gold climbed above the price of platinum today for the first time since 1996. I will not be writing a commentary tomorrow or Monday as I have some other engagements that call me away but should be able to get some comments or charts on Tuesday of next week. If I can get anything together over the weekend I will.

FROM JSMINESET.COM

Fear triggers gold shortage, drives US treasury yields below zero The investor search for a safe places to store wealth as the financial crisis shakes faith in the system has caused extraordinary moves in global markets over recent days, driving the yield on 3-month US Treasuries below zero and causing a rush for physical holdings of gold. By Ambrose Evans-Pritchard Last Updated: 9:26AM GMT 11 Dec 2008 http://www.telegraph.co.uk/finance/economics/3703565/Fear-triggers-gold-shortage-drives-US-treasury-yields-below-zero.html "It is sheer unmitigated fear: even institutions are looking for mattresses to put their money until the end of the year," said Marc Ostwald, a bond expert at Insinger de Beaufort. The rush for the safety of US Treasury debt is playing havoc with America's $7 trillion "repo" market used to manage liquidity. Fund managers are hoovering up any safe asset they can find because they do not know what the world will look like in January when normal business picks up again. Three-month bills fell to minus 0.01pc on Tuesday, implying that funds are paying the US government for protection. "You know the US Treasury will give you your money back, but your bank might not be there," said Paul Ashworth, US economist for Capital Economics. The gold markets have also been in turmoil. Traders say it has become extremely hard to buy the physical metal in the form of bars or coins. The market has moved into "backwardation" for the first time, meaning that futures contracts are now priced more cheaply than actual bullion prices. It appears that hedge funds in distress are being forced to cash in profits on gold futures to cover losses elsewhere or to meet redemptions by clients. But smaller retail investors – and perhaps some big players – are buying bullion in record volumes to store in vaults. The latest data from the World Gold Council shows that demand for coins, bars, and exchange traded funds (ETFs) doubled in the third quarter to 382 tonnes compared to a year earlier. This matches the entire set of gold auctions by the Bank of England between 1999 and 2002. Peter Hambro, head Peter Hambro Gold, said the data reflects a "remarkable" shift in the structure of the market. The rush to safety reflects a mix of fears about the fragility of world finance and concerns that the move towards zero interest rates could set off an inflationary surge further down the road, and possibly call into question the worth of some paper currencies. The near paralysis in the "repo" markets may prove to be no more than pre-Christmas jitters as banks square their books. However, there are some signs that extreme monetary stimulus by the US Federal Reserve and other banks is starting to have unintended consequences. The Bank of Japan is it is reluctant to cut its rates to zero again because of the damage this causes to the money markets, which serve as a key lubricant of the credit system. The US is now starting to face the same dilemma.

Wednesday, December 10, 2008

DAN NORCINI'S COMMENTS ON DECEMBER 10, 2008

FROM JSMINESET.COM Hourly Action In Gold From Trader Dan Posted: Dec 10 2008 By: Dan Norcini Dear CIGAs, Gold caught one heck of a tailwind this morning knifing through one resistance level after another as if they did not exist. It is evident from the ferocity of the climb that the shorts were squeezed in a big way with a plethora of buy stops being touched off in the relatively low volume trading conditions. Here is another example of that lack of liquidity I have been referring to over and over again with the declining open interest creating huge pockets of air both above and below this market. A few well placed orders, either on the buy side or the sell side, and the cascade or upside catapult ensues. One look over at the currency boards and it is easy to see why the gold shorts were in trouble this morning. The euro took off to the upside, the euro-yen cross soared, crude oil moved up and away from the $40 level and back came the “risk” trades. The “risk aversion” trades were reversed or halted as traders latched onto the auto bailout news and attempts by the Central Banks globally to inject liquidity as a signal to plow back into the commodity sector. Nearly every single commodity quote on my board was once again in blue. Even if anyone did not understand the exact nature of the computer algorithms that these black box hedgies are employing, it does not take much in the way of observation to grasp the fact that those things are geared to movement in the dollar and the equities. That is why the signals always produce the exact same effect in the markets. They are all basically using the same computers to do their thinking for them. Hedge funds are basically mindless traders and if they are all using the same signals, then the result will be that they plow into and out of markets all at the same time. Nowadays this is referred to in the investing world as “genius”; that is, until the hedge fund goes belly up and shuts its doors. Suffice it to say that today is the “reflation trade” – Nonetheless, gold has had an undeniably strong technical performance. It is trading well above its 50 day moving average and peaked today right on its 100 day moving average. That level is very close to the downsloping trendline of the recent wedge formation on the daily chart. Should gold be able to muster the strength to take out the 100 day and then horizontal resistance from late last month near $830 - $833, it has the very strong possibly of beginning a trending run. Keep in mind that levels of open interest are low and the market is relatively illiquid so we will still want to see new fresh buyers coming in and not short covering alone. Light support moves up to near the $790 level followed by stronger, more substantial support near $770. I am a bit hesitant to say with complete confidence that the mining shares as indicated by the HUI and the XAU have completed a complete separation between themselves and the broader market but they gave the first solid hint of that yesterday. Today they furthered the amicable divorce. Even as the broader market indices came off their best levels of the session, the HUI and the XAU seemed very hesitant to give up their gains. Yesterday the HUI and the XAU managed their second consecutive close above the 50 day moving average. That is generally enough to turn the technical posture into a bullish one. Sure enough the shorts began running today with indices easily breaking through their respective horizontal resistance levels at the late November highs. That translates to roughly the 250 level in the HUI and the 101-102 level in the XAU. To give you an idea how improved the HUI chart has become, the 100 day moving average on its daily chart comes in near 277. That is less than 20 points away from today’s session high. The grains are looking more and more like they are forging a bottom although so far that cannot be confirmed with certainty. They are meeting up with selling resistance near the 10 day moving average in the corn and the beans. I still have my eye on this complex as I will feel much better about the overall commodity sector once the grains bottom. So many prices have been beaten down to levels that I believe were not justified fundamentally but went there nonetheless in a technical washout from the hedge fund deleveraging trade and the index fund redemption related selling. Just like that crowd overdoes things on the upside, they do the same on the downside. The trick is trying to figure out when enough is enough. Just about the time you are convinced that the blind selling is over, another outbreak of selling appears and down it goes once again. What I keep looking for is the time when traders are paying attention to supply/demand factors that are particular to each commodity market instead of just wave after wave of selling. That will tell us that informed traders and big money is moving back in to take advantage of “value”. I believe we are seeing that in gold but I want to see it in more than one market but would prefer to see it across several of them. Up until recently, no one, and I mean no one, has been willing to step in front of the fund selling and take on any serious long positions. That makes sense since if you are inclined to buy, why not wait until you can get it even cheaper. When you see the prices have fallen to the point where others besides yourself are licking their chops in anticipation of the deal, then you begin moving in as well. But you have to know that you have some reinforcements on your side to take on the hedgies who are busy throwing everything out the window without looking at what it is. Incidentally, I heard some reports about guys in the oil patch buying the front month futures contracts, taking delivery of the crude and storing it in empty tankers with plans to sell it next year because of the degree of contango in the futures markets. The selling has knocked the front months down to levels that are out of whack with the premiums that the board is giving the back months. Those that know the oil patch very well and know where relative value is are taking steps to make a nice tidy sum of money thanks, once again, to the mindless hedge funds. Too bad we all don’t have some spare supertankers hanging around our back yards. For a while it seemed as if the bonds were going to drop and drop hard. Yet, like they have done time and time again recently, they bounded up from their lows. That thing sure seems to me to be setting itself up for one heckuva fall but fighting the trend can be quite expensive unless you are very, very nimble.

JIM SINCLAIR'S COMMENTS ON THE RUMOR OF BIG GOLD SALES DROPPING THE PRICE

Jim’s Mailbox Posted: Dec 09 2008 By: Jim Sinclair Filed under: Jim's Mailbox Dear Jim, Can you comment on the rumor published on reliable sites that the IMF is going to pummel the gold market down to the $455 levels tomorrow at 12:22 PM? CIGA Arlen Dear Arlen, That rumor is nothing more than RAVING BULLSHIT! Jim

Tuesday, December 9, 2008

UNIVERSAL DECLARATION OF HUMAN RIGHTS 60TH ANNIVERSARY DEC 10, 2008

The Universal Declaration of Human Rights (UDHR) was adopted by the UN General Assembly on December 10, 1948. It was the first time the fundamental freedoms and rights of all persons were set forth in detail by the international community. When World War II ended, despite wide variations in ideological, cultural and political contexts, the 58 Member States of the UN laid out a common vision—a vision for a world where every person is entitled to equal justice, opportunity and dignity without discrimination. FOR MORE: http://ccrjustice.org/udhr-60th-anniversary%3A-celebrating-human-rights-standards-have-been-set-and-fighting-accountability

TED BUTLER ON THE CFTC AND GOLD SHORTS

Delaying Tactics and Interview By: Theodore Butler and James Cook http://news.silverseek.com/TedButler/1228768232.php Here’s a quick follow-up to last week’s comment about the CFTC sending out form letters to me and many of you asking for specific evidence about a manipulation in silver prices. A number of you asked me how to respond. Before you respond, it is important to understand what the Commission is trying to accomplish with their notifications. They are not looking for specific evidence. They are looking to buy time. They are stalling. All the evidence the CFTC needs is already known to them. Specifically, the evidence is in their August Bank Participation Report which indicated that one or two U.S. banks held a concentrated net short position equal to 25% of the annual world mine production of silver. Such a degree of concentration, on either the long or short side of any market, is manipulative, in and of itself. If not, then the CFTC should simply explain why such a large concentrated position should not be considered manipulative and put the matter to rest. No taxpayer funded, long drawn-out investigation, just an explanation.

What is the Hegelian Dialectic?

It's best to read this short article from the website to be able to use the LINKS within the article. Use this URL: http://www.crossroad.to/articles2/05/dialectic.htm Introduction: Why study Hegel? "...the State 'has the supreme right against the individual, whose supreme duty is to be a member of the State... for the right of the world spirit is above all special privileges.'" Author/historian William Shirer, quoting Georg Hegel in his The Rise and Fall of the Third Reich (1959, page 144) In 1847 the London Communist League (Karl Marx and Frederick Engels) used Hegel's theory of the dialectic to back up their economic theory of communism. Now, in the 21st century, Hegelian-Marxist thinking affects our entire social and political structure. The Hegelian dialectic is the framework for guiding our thoughts and actions into conflicts that lead us to a predetermined solution. If we do not understand how the Hegelian dialectic shapes our perceptions of the world, then we do not know how we are helping to implement the vision. When we remain locked into dialectical thinking, we cannot see out of the box. Hegel's dialectic is the tool which manipulates us into a frenzied circular pattern of thought and action. Every time we fight for or defend against an ideology we are playing a necessary role in Marx and Engels' grand design to advance humanity into a dictatorship of the proletariat. The synthetic Hegelian solution to all these conflicts can't be introduced unless we all take a side that will advance the agenda. The Marxist's global agenda is moving along at breakneck speed. The only way to completely stop the privacy invasions, expanding domestic police powers, land grabs, insane wars against inanimate objects (and transient verbs), covert actions, and outright assaults on individual liberty, is to step outside the dialectic. This releases us from the limitations of controlled and guided thought. When we understand what motivated Hegel, we can see his influence on all of our destinies. ... Hegelian conflicts steer every political arena on the planet, from the United Nations to the major American political parties, all the way down to local school boards and community councils. Dialogues and consensus-building are primary tools of the dialectic, and terror and intimidation are also acceptable formats for obtaining the goal. The ultimate Third Way agenda is world government. Once we get what's really going on, we can cut the strings and move our lives in original directions outside the confines of the dialectical madness. Focusing on Hegel's and Engel's ultimate agenda, and avoiding getting caught up in their impenetrable theories of social evolution, gives us the opportunity to think and act our way toward freedom, justice, and genuine liberty for all. Today the dialectic is active in every political issue that encourages taking sides. We can see it in environmentalists instigating conflicts against private property owners, in democrats against republicans, in greens against libertarians, in communists against socialists, in neo-cons against traditional conservatives, in community activists against individuals, in pro-choice versus pro-life, in Christians against Muslims, in isolationists versus interventionists, in peace activists against war hawks. No matter what the issue, the invisible dialectic aims to control both the conflict and the resolution of differences, and leads everyone involved into a new cycle of conflicts. We're definitely not in Kansas anymore. For a visual concept, see this simple chart of the Hegelian Dialectic and Marx's Dialectical Materialism, posted by the Calverton Private School.

BOB CHAPMAN'S DECEMBER 6, 2008 ARTICLE

The Purpose Behind The Financial Crisis Posted: December 6 2008 Rich working to Bankrupt the Middle Class, world economic system now infected with toxic waste, golden parachutes for some and hyperinflation for others, a better plan would be to give a cheque to everybody, plans to help people wont really be implemented, credit problems thicken. We were hit with the greatest act of terror in our nation's history on 911, an intelligence failure of the highest magnitude, and no one got so much as a hand-slap while many even got promoted. Now we have the world's greatest financial failure, and not only do we not see anyone getting a hand-slap, we see each of the very people responsible for this debacle getting golden parachutes and bonuses in the tens of millions of dollars as they resign in disgrace, and few are fired other than the hard-working employees who had little or nothing to do with making the big decisions that brought about the ruination of their companies. There is no such thing as responsibility or accountability anymore for our leaders in government and business. http://theinternationalforecaster.com/International_Forecaster_Weekly/The_Purpose_Behind_The_Financial_Crisis

DAN NORCINI'S COMMENTS ON DECEMBER 9, 2008

FROM JSMINESET.COM Hourly Action In Gold From Trader Dan Posted: Dec 09 2008 By: Dan Norcini Dear CIGAs, Not much time today gang – I apologize for the brevity – these markets are getting to the point where you can hardly look away from the screen for even a moment… madness is too kind of a word to describe what they have become of late. Gold was able to shrug off pressure from the weakness in the Euro-Yen cross and close higher for the pit session which is quite an achievement. It is holding support at levels shown on the chart near $765 or so. Resistance remains at $780 followed by $790. Open interest went up yesterday but that is a bit misleading because it was all concentrated in the June 2009 and December 2009 contracts. The gains in the HUI and the XAU are turning the chart patterns friendly especially give the inability of the broader stock market to maintain rallies. The HUI is trading above the 50 day moving average. If it can maintain its gains and this level going into the closing bell, it should spark some further short covering among technically oriented shorts. The 10 and 20 day moving averages are heading higher and the 40 day looks like it is also turning up. That would signify the trend is now higher for the shorter term. The 50 day would need to turn up to bring the intermediate trend to up. On the delivery front – Fortis was the largest seller issuing 30, 16 of which were taken mainly by the largest stopper HSBC. That brings the total to 12,449 for the month.

SOMETHING TO THINK ABOUT

CREDIT TO FASTGT FOR THE LINK Horrific gold 'dump': Is this guy for real? – ThomWatch12/8/2008 11:24:52 AM | Thom Calandra http://www.stockhouse.com/Columnists/2008/December/8/Horrific-gold--dump---Is-this-guy-for-real-Thom HERE IS JIM SINCLAIR'S COMMENT ABOUT THIS ON DEC 10, 2008 Jim’s Mailbox Posted: Dec 09 2008 By: Jim Sinclair Dear Jim, Can you comment on the rumor published on reliable sites that the IMF is going to pummel the gold market down to the $455 levels tomorrow at 12:22 PM? CIGA Arlen Dear Arlen, That rumor is nothing more than RAVING BULLSHIT! Jim

Sunday, December 7, 2008

THE AMERICAN WAY

A CHRISTMAS STORY

COURTESY OF GOLDMELTER A Christmas Story for people having a bad day: When four of Santa's elves got sick, the trainee elves did not produce toys as fast as the regular ones, and Santa began to feel the Pre-Christmas pressure. Then Mrs Claus told Santa her Mother was coming to visit, which stressed Santa even more. When he went to harness the reindeer, he found that three of them were about to give birth and two others had jumped the fence and were out, Heaven knows where. Then when he began to load the sleigh, one of the floorboards cracked, the toy bag fell to the ground and all the toys were scattered. Frustrated, Santa went in the house for a cup of apple cider and a shot of rum. When he went to the cupboard, he discovered the elves had drunk all the cider and hidden the liquor. In his frustration, he accidentally dropped the cider jug, and it broke into hundreds of little glass pieces all over the kitchen floor. He went to get the broom and found the mice had eaten all the straw off the end of the broom. Just then the doorbell rang, and irritated Santa marched to the door, yanked it open, and there stood a little angel with a great big Christmas tree. The angel said very cheerfully, 'Merry Christmas, Santa. Isn't this a lovely day? I have a beautiful tree for you. Where would you like me to stick it?' And so began the tradition of the little angel on top of the Christmas tree.