Saturday, April 25, 2009
http://www.theatlantic.com/doc/200905/imf-advice The Quiet Coup The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time. by Simon Johnson
My two good friends, very healthy, robust people, just flew to Las Vegas and drove to other areas nearby. They got very sick with a Flu virus and are still recovering. They more than likely got infected on the plane flight. Read this article and the links within it to become more informed. April 25, 2009 Mexican Drug Cartel Linked With al Qaeda Unleashes Pandemic By: Sorcha Faal http://www.whatdoesitmean.com:80/index1227.htm KEEP YOUR HANDS CLEAN DON'T TOUCH SENSITIVE MEMBRANE AREAS WITH DIRTY HANDS (mouth, nose, eyes, and you know where else!) WEAR A GAUZE MASK IF YOU TRAVEL ON AN AIRPLANE AND PUT SOME ANTI BACTERIAL OINTMENT IN YOUR NOSE HOLES STAY OUT OF CROWDS AS MUCH AS POSSIBLE AND WASH YOUR HANDS AT EVERY OPPORTUNITY DO THE SAME FOR ANY YOUNG CHILDREN, AS THEY TOUCH EVERYTHING AND THEN PUT THEIR HANDS IN THEIR MOUTH AND NOSE ALL THE TIME.
Friday, April 24, 2009
Thursday, April 23, 2009
GOLD ANALYSIS NARROWING SPREADS Central Bankers cannot prevail in war against gold - Jim Sinclair A personal view on the latest machinations in the gold market from Tanzanian Royalty Exploration's Jim Sinclair. Author: Jim Sinclair Posted: Wednesday , 22 Apr 2009 http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=82310&sn=Detail MASSACHUSETTS - The vast majority of those who read this site are fully aware of the shenanigans of the bullion banks over at the Comex and how they continue to bamboozle the hedge funds whose automaton-like response to momentum trading prevents them from beating this group at the paper game by standing for delivery in size. Additionally, their allegiance to system-trading and computer algorithms prevents them from thinking creatively and learning to take advantage of their enemies' tactics against them. Good traders learn to adapt to changing market conditions and modify their strategies when confronted by successive losses - the hedge funds, however, when it comes to gold, do no such thing. Keep in mind that the name of the game in gold, as far as the monetary authorities are concerned, is deception. By artificially suppressing the price of gold, for much the same reason as the Fed has been artificially attempting to suppress long term interest rates by a deliberate policy of quantitative easing, the money lords hope to cloud the signals that free market prices would generate to the investing public. Remember when gold prices first spiked above $1,000.00 and all the coverage that was received on both the financial cable shows and the internet news sites? That is the last thing any Western Central Banker wants to see because it is in effect a condemnation of the policies and practices that they have embarked upon. So what to do? Simple, confuse the issue and distort the signal by working over the gold price to dampen down any potential excitement, not to mention attempting to kill a rival. When one looks at the present price at the Comex as of today and the short term technical chart pattern, it is not particularly encouraging for the bulls so you could say that Central Bank efforts in conjunction with their favored insiders at the bullion banks have been somewhat effective of recent weeks. However, there is one thing that no amount of market intervention and price manipulation can succeed in doing and that is in changing the basic structure of the futures market as evidenced by the relationship of the front month contracts to the later dated contracts. In trading terms, we refer to the "spread" between the front month and a back month/months or the difference in price between the two, as a gauge of demand for that particular commodity. As a general rule, when the front month trades at a discount to the next month or to a later-dated month, the structure of that particular commodity futures market is normal or in contango. A market in contango will see those distant month contracts trading at enough of a premium to the front month to account for any storage charges, insurance against loss and interest rates. Simply put, a seller has to be recompensed for his/her expense in storing a commodity while they wait to sell it into the market at some point in the future. Whenever a market begins to see this "spread" between the front month and the next month or more distant months begin to tighten or narrow, then something is beginning to change regarding the demand/supply picture in that particular commodity. Why is this? Because the market is ratcheting up the front month price and attempting to send a signal to potential sellers that demand is increasing and that they are better served by selling sooner rather than later. Economically speaking, the incentive to store the commodity, pay all those storage costs, insurance costs, etc, is not worth the increased cost that they might hope to receive at some point in the future. "Sell it to us now and we will pay you more for it than if you try to sell it later", is the message the market is sending. When markets begin moving in this direction, narrowing the spread, they are said to be moving towards a condition known as, "backwardation". True backwardation occurs when the front month moves to a PREMIUM over the next month and particularly over the next set of three or four different contract months ( a note here - generally a market will not go into backwardation more than a few distant contracts out because it is assumed that the increased demand will result in increased production at some point and induce producers of that particular commodity to increase production on out into the more distant future bringing the demand/supply picture into more of an equilibrium. That will serve to bring the market back into a more normal structure of contango). Backwardation is a powerful signal of very strong demand that is attempting to send a signal to the market that it needs more of that commodity to satisfy existing levels of demand. While market price manipulation can be somewhat effective short term for fogging signals generated from a rising price in gold for example, it is generally unable to affect the spread structure of the entire set of futures contracts listed on the board at any given time. With this in mind, take a look at the April 09 Comex gold contract and its spread between the June 09 Comex gold contract. Notice the narrowing of the spread, or the move in the direction of backwardation. It is not there yet but the fact that this particular spread has narrowed so significantly is more than noteworthy. It is a mere $0.60 from moving into backwardation after having traded as wide as $6.50 at one point. To show that it is not just an April/June phenomenon, but rather one that is beginning to characterize the structure market of the Comex gold contracts, please note that the EXACT same thing has been occurring in the April 09/Dec 09 Comex gold spread. It too has narrowed quite significantly. While nothing is foolproof in this day and age of managed markets and official sector shenanigans, the timeless spread charts are telling us a story that even the best efforts (or worst efforts if you prefer) of the Western Central Bankers and their unending war on gold is drawing to a close in which their policies have all but ensured their defeat at the hands of the "barbarous relic". Short term they can win many battles but long term they cannot prevail in the war against gold. The above article was sent to Mineweb by Jim Sinclair's gold exploration and royalty company - Tanzanian Royalty Exploration - www.tanzanianroyaltyexploration.com
Wednesday, April 22, 2009
Napolitano Declares Propaganda War On Americans Dear Concerned Citizen, Did you know that your government considers you to be a "rightwing extremist?" IT'S TRUE! - Homeland Security Secretary Janet Napolitano on Sunday portrayed veterans as victims - not perpetrators - of right-wing extremism as she sought to combat the political controversy arising out of an April 14 Homeland Security memo warning that returning soldiers could be ripe for domestic terrorism participation. Napolitano has insulted all veterans who serve honorably and is creating fear of military veterans by insinuating that they would betray America by calling them terrorists. Fire Napolitano NOW - Her Irresponsible Data Figures Are Lies: TELL CONGRESS TO CONDEMN THIS GOVERNMENT ATTACK ON GUN OWNERS AND VETERANS: SEND YOUR FAXES NOW! Napolitano's irresponsible actions disqualify her to be in charge of DHS. It's perfectly clear, she must be fired and Obama must apologize to America's veterans and all patriotic Americans that believe in the right to bear arms. She cannot be allowed to resign and slink away she must be fired. Senators Coburn, Brownback, DeMint, Burr, Murkowski, Inhofe, and Vitter sent the following letter to DHS Secretary Napolitano yesterday concerning the DHS conservative hit job: While we agree that we must fight extremists who are both foreign and domestic we are troubled by some of the statements your department included as fact in the report titled above, without listing any statistical data to back up such claims. First, your report states that "Returning veterans possess combat skills and experience that are attractive to rightwing extremists..." without listing any data to support such a vile claim against our nation's veterans. Second, the report states that the millions of Americans who believe in the Second Amendment are a potential threat to our national security. Why? Do you have statistics to prove that law-abiding Americans who purchase a legal product are being recruited by so-called hate groups? Thirdly, the report states that those that believe in issues such as pro-life legislation, limited government, and legal versus illegal immigration are potential terrorist threats. We can assure you that these beliefs are held by citizens of all races, party affiliation, male and female, and should not be listed as a factor in determining potential terror threats. A better word usage would be to describe them as practicing their First Amendment rights. Also, you list those that bemoan the decline of U.S. stature and the loss of U.S. manufacturing capability to China and India as being potential rightwing extremists. We would suggest that the millions of Americans who have lost their jobs in the manufacturing industry to foreign countries are not potential terror threats, but rather honest Americans worried about feeding their families and earning a paycheck. Suspending Civil Liberties - The Reichstag Fire Burns Again? On February 27, 1933 the message went out in Germany about the national congressional building "The Reichstag is on fire!" The government turned a blind eye to the terrorist attack because they knew what government officials have known throughout history - that during extreme national emergencies, people are most scared and thus much more willing to surrender their liberties in return for "security ". The day after the fire a decree was issued entitled, "For the Protection of the People and the State." Justified as a "defensive measure against Communist acts of violence endangering the state," the decree suspended the constitutional guarantees pertaining to civil liberties: NOW DHS DECLARES THAT SECOND AMENDMENT SUPPORTERS ARE "RIGHTWING EXTREMISTS": TELL CONGRESS TO CONDEMN THE REPORT! According to news reports, the Department of Homeland Security is warning law enforcement officials about a rise in "rightwing extremist activity," labeling citizens opposed to new firearms restrictions, returning veterans and conservatives as "rightwing extremists" and associating them with white supremacists and violent antigovernment groups. You read that right -- it appears that the Obama Administration, and especially the DHS under Janet Napolitano, is trying to demonize political dissent. And it's no big surprise who's directly in their crosshairs: supporters of the Second Amendment, including veterans and gun owners. Who is funding this kind of nonsense? Well, YOU are. Why would your government spend your money attacking YOU, instead of spending your money PROTECTING you? This calls for grassroots action, on a HUGE scale! TELL CONGRESS TO CONDEMN THIS GOVERNMENT ATTACK ON GUN OWNERS AND VETERANS: SEND YOUR FAXES NOW! The report also says that Congressional debates about immigration and gun control make extremist groups suspicious and give them a rallying cry: "It is unclear if either bill will be passed into law; nonetheless, a correlation may exist between the potential passage of gun control legislation and increased hoarding of ammunition, weapons stockpiling, and paramilitary training activities among rightwing extremists," the report said. Why are they worried? Because since November, more than 7 million people have applied for criminal background checks in order to buy weapons. And as far as the Obama administration is concerned, buying guns equals "weapons stockpiling," buying ammo equals "hoarding of ammunition," and expressing concern about Congress passing gun control legislation qualifies YOU as part of an "extremist group." Therefore, you and I are now being viewed as dangerous rightwing extremists that law enforcement officials need to be watching out for! This is OUTRAGEOUS! TELL CONGRESS TO CONDEMN THIS GOVERNMENT ATTACK ON GUN OWNERS AND VETERANS: SEND YOUR FAXES NOW! This report was released "hot on the heels" of another (state) government agency report in February: the Missouri Information Analysis Center (MIAC) report titled, "MIAC Strategic Report: The Modern Militia Movement." In this horrific "law enforcement sensitive" secret police report, Governor Jeremiah (Jay) Nixon; John Britt, Director of the Missouri Department of Public Safety; James Keathley, Colonel, Missouri State Highway Patrol; and Van Godsey, Director of MIAC categorize certain citizens as being potential violence-prone "militia members." According to the MIAC report, if you oppose any of the following, you could qualify for being profiled as a potential dangerous "militia member": Gun Control The Income Tax The United Nations The Ammunition and Accountability Act The New World Order The violation of Posse Comitatus A possible Constitutional Convention Universal Service Program Radio Frequency Identification (RFID) Abortion The Federal Reserve Illegal Immigration The North American Union Well, there you have it! You see? You ARE a dangerous rightwing extremist! As ridiculous as that report seems, it was distributed to law enforcement officials across the state of Missouri. And it wasn't until the state government was FLOODED with protests from patriotic Americans across the country, that they finally came out and denounced and retracted the MIAC document. Now, it's happened again -- but this time, at the Federal level! Our own government is turning against us, and unless there is a HUGE outpouring of outrage from every part of this nation, it will just keep getting WORSE! TELL CONGRESS TO CONDEMN THIS GOVERNMENT ATTACK ON GUN OWNERS AND VETERANS: SEND YOUR FAXES NOW! Interestingly enough, no left-leaning political ideologies were identified. No Islamic extremists. No environmental extremists. Only people holding "conservative" or "right-wing" philosophies were identified in BOTH the MIAC report AND the Homeland Security "assessment." This shouldn't be too surprising: both of these reports are similar to several other reports currently circulating around various State police agencies, courtesy of DHS-sponsored "Fusion Centers." MIAC is one of those Centers, sponsored by the DHS! So now, even veterans are targets of our own government: The Homeland Security assessment specifically says that "rightwing extremists will attempt to recruit and radicalize returning veterans in order to exploit their skills and knowledge derived from military training and combat." PLEASE, don't think we're making a "big deal" out of nothing! Homeland Security spokeswoman Sara Kuban specifically told the press, "This is nothing unusual," and added that the Homeland Security Department did this "to prevent another Tim McVeigh from ever happening again." The authors of this assessment are pushing an "Us against Them" philosophy. You and I are being marginalized -- labeled as fringe kooks, "rightwing extremists," so that it will be easier to violate our liberties and take away our right to keep and bear arms in the future. The only thing that will put a STOP to this nonsense is a huge public outcry opposing it. If we do nothing, however, it will soon be too late to do anything. We either stop it NOW, or it will grow into an out-of-control monster that will monitor and control the personal opinions and speech of every man, woman, and child in this country. As patriotic Americans, we need to DEMAND that this outrageous report be CONDEMNED by our Representatives in Congress, and RETRACTED by the Obama administration -- NOW. They, along with Secretary Napolitano, owe every conservative American, every veteran and every gun owner who supports limited government an apology. Please, SELECT HERE NOW (https://secure.conservativedonations.com/usjf_demand/?a=226) to send Blast Faxes to EVERY SINGLE MEMBER OF CONGRESS, telling them to take action against this report TODAY! Sincerely, Alan Gottlieb Chairman Citizens Committee for the Right to Keep and Bear Arms
People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess. ~ Nassim Nicholas Taleb: Ten principles for a Black Swan-proof world
Tuesday, April 21, 2009
GT sez: If you don't pay your credit card bills, the BIG Banks will have to declare BANKRUPTCY. And even if the guv'mint continues to bail them out with more 'funny money', that will only speed up the hyper inflation that will hit us all soon. Use your money to buy gold, bullets and survival supplies. FUCK THE BANKS AND THE present GUV'MINT OF THE UNTIED (sic) STATES OF AMERIKA! YOU'RE GOING TO DIE ANYWAY! SO DO IT WITH SOME DIGNITY! It's only a matter of time before NOBODY will be able to pay ANY of their bills. Here's the link to Arianna's article: http://www.huffingtonpost.com/arianna-huffington/my-late-night-visits-from_b_189275.html
Monday, April 20, 2009
GO TO WHITEHOUSE.GOV (not dot com or you get a porn site) and see what subject headings they allow you...simply outrageous!) GT's email to O'Bomb'a: "What limited subject headings you have provided, starting with 'congratulations?" What kind of ego maniac are you? It has taken you only three months to further destroy the Office of the Presidency with your stand on torture. You may be a silver tongued devil, but you don't stand a chance against the millions of people that will rise up against you as our economy collapses under the weight of the criminality and corruption in all areas of our political and financial (and judicial) arenas in our dying culture. You chose to take on the job...and are a complete failure as you attempt to skirt the truth of what is unfolding by the use of words rather than necessary actions, such as the prosecution of those who have caused this debacle. I have no sympathy for you whatsoever. You have earned every bit of the dishonor that is about to befall you."
Exxon Mobil tops Fortune 500: Exxon Mobil (XOM, Fortune 500) was the top selling-company in 2008, with nearly $443 billion in revenue, a jump of almost 19% from the prior year. The Irving, Texas-based oil giant was also the most profitable, with earnings of $45.2 billion. http://money.cnn.com/2009/04/15/news/companies/fortune500/
Bailout Indignation How about a test of your injustice barometer? By Ralph Nader You might think that the reckless, avaricious, giant corporations, having shrunk the economy, cost millions of jobs and then demanded that taxpayers be dunned for years into the future for multi-trillion dollar bailouts, would show contrition, regret, or self-restraint of their power over Washington. http://informationclearinghouse.info/article22457.htm
READ THESE ARTICLES TO BECOME MORE INFORMED: GT sez: If you're wondering why our leader and his compatriots would choose this path... it's because, if they expose all the treasonous war criminals involved, O'Bomb'a would be assassinated by the 'real' powers that control this world economically...just like Kennedy was for wanting to eliminate the Federal Reserve. How Obama Excused Torture by Bruce Fein (THIS ARTICLE IS TWO PAGES LONG, SO DON'T MISS THE SECOND PAGE) http://www.thedailybeast.com:80/blogs-and-stories/2009-04-17/how-obama-excused-torture/ BARACK OBAMA, TORTURE ENABLER by Ted Rall http://www.uexpress.com/printable/print.html?uc_full_date=20090409&uc_comic=ru AND LAST, BUT NOT LEAST: Will Obama Wash Bush's Dirty Laundry? "President Obama, You Are Wrong" By Keith Olbermann: MSNBC's Keith Olbermann's "Special Comment" Takes on President Obama's decision not to prosecute CIA Interrogators for torture. http://informationclearinghouse.info/article22460.htm
CREDIT TO FLARPH FOR THE INFO. COUPLE THIS INFO WITH THE GEAB ARTICLE JUST BELOW AND YOU DON'T NEED TO BOTHER MAKING ANY OF YOUR PAYMENTS TO THE BANKS ANYMORE...THEY ARE BANKRUPT, ALONG WITH OUR GUV'MINT. JUST PAY YOUR UTILITIES.(Better yet, get independent with solar power and your own well water if possible) STOCKPILE FOOD AND WATER RIGHT NOW! LOTS OF WATER AND A WATER PURIFICATION SYSTEM. I USE A KATADYNE PORTABLE FILTER. SEE BAPRODUCTS.COM LEAKED! Bank Stress Test Reults ! (from the Turner Radio Network)-- The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA. The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship. When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be made public. That bickering continues to this very day as evidenced by this "main stream media" report. The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below. 1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. 2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. 3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding. 4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses. 5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks. 6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! 7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts! The debt crisis is much greater than the government has reported. The FDIC`s "Problem List" of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter. Put bluntly, the entire US Banking System is in complete and total collapse.
Summer 2009: The international monetary system’s breakdown is underway http://www.leap2020.eu/GEAB-N-34-is-available!-Summer-2009-The-international-monetary-system-s-breakdown-is-underway_a3129.html Also posted recently on JSMINESET.COM THIS SUMMER the whole thing is going to come apart at the seams. YOU HAD BETTER BE AS PREPARED AS YOU CAN GET AS FAST AS YOU CAN GET THINGS DONE. THIS MEANS DOUBLE TIME MARCH