Thank you for your input. Your remarks lead me to believe that you were not in PM’s back in the early 2000’s. If you were you would see the difference that ETF’s (IMO) have made in the PM sector shares.

For example, in November 2001 I had a deversified portfolio of junior miners with a few explorers thrown in and worth $70,000. 6 months later, in May 2002, that portfolio was worth $781,000 for over a 1100% gain…. and the PM bull was still in its infantsy with silver about $5 and gold about $300 at the time.

This same kind of performance was repeated, after consolidations, in 2003 and again in 2006. Then the ETF’s were introduced and the record is plain as print from that time to this. Many of my juniors of 2002 are worth less today than in 2002, with gold up 400% and silver up nearly as much.

This is why I am not thrilled over the PM shares performance from the lows of 2008 to present. Juniors that survived the 2008 carnage….and many did not…. are  still lagging badly….so until I see the kind of performance that I have described above repeat itself. I will remain of the belief and opinion that the ETF’s have pretty well killed this PM Bull, and they will continue to do so unless investors wake up. It’s pretty bad when the enemy is us.

Brisbane’s about 1.3m pop’n, another 800k+ on the Gold Coast, 500k on the Sunshine Coast - lots of different types of property, different climates, loads of dentists ……

I like it! Gold Eagles as explosive material, what a great viewpoint, and how true it will be.

Because NZ comprises two largeish islands, we get a temperate climate, with very variable weather - often windy, and regular rain. I’m in the North island, about an hour south of Auckland. Temp ranges from 10 - 30 C during the day, depending on season, with about 22 -23C here today. A pleasant summer day for us. Saw snow on distant ranges last winter - first time in about 10 years. Green grass everywhere.

I see pictures of North America and Britain on earth observatory. Man that snow is everywhere!

Insurance companies are behind it, eh? I hadn’t heard that one, but those bastards would get behind anything.

“……sounds like enormous pent up demand”

You’re right about that, and there will indeed be a frenzy when that demand kicks in. Maybe soon, too.

….Its minus 22 and dark (nite) here in this God Forsaken Tunda….6 PM and its ben dark for a half hour…

….I guess its Sunday Morning in Paradise for you !

..what is your climate like ..where are you in NZ?

…ferret….your climate sounds great….anything for sale in your town ?

….If I move there we could be like the Hatfields and the McCoys

After it rains, always.  Winter, one or two frosts at the farm but usually 5 or 6 at night, 20 in the day.  No frosts in the town for the last five years, though.

…or maybe they were allwearing dentures … LOL

I’ll pass those suggestions on to Mum

…is it humid ?

….where are you North or South ?

…..what temps do you getint the Winter ?

but back up to 28 in the day so that’s fine.

…..Maybe they just had better tans than the locals…

….or maybe the soldiers were all Black …

…darker skin makes the teeth look whiter…

…or maybe they were all wearing dentures …

Firstly, I can hardly believe how much I am in agreement with you this year GR. Who changed ? Or was it the Blue Moon : - ) I don’t mind.

I’d say you have nailed it as far as Another’s ‘burnings’ go. The paper trading of gold (and probably oil, silver, commodities) has never been a place I would put money, because intuitively there is no real value there. Just a lotto, much like FX. And unbacked fait currencies to a lesser degree. There is some value there, simply because the majority consciousness believes there is, and so it is !! (Some) pollys of course know differently and know how to exploit the common misconception. But while one entity will trade a piece of fait for hard goods or service, the fait has value. I like your concept of periodic re-sets of currencies with ‘gold backing’. Rinse and repeat. Those guys are good at their job !!

Cutting to ‘the fear’. To me a fear is a talisman of where an entity needs to evolve. A fear is something to be faced, and so often when we do face it we find the horrific beast that so threatened us was in fact an illusion…… “…….. then one day we all laugh at ourselves.” Exactly. And wasn’t your daughter clever to seek advice form you !!

Now that we have sorted the ‘burnings” out, I have a question for you, and the forum of course:

During WWII hundreds of thousands of US GI’s were stationed in NZ, training prior to attacks on Japanese held islands (’over fed, over paid, and over here’ the disgrunted kiwi blokes were heard to mutter more than a few times). The thing that struck my mother and aunts was how WHITE the American’s teeth were. They still talk about it !!

whitening is commonplace now, but I don’t believe it was then. I have postulated NZer’s drank tea, while the Americans drank coffee (predominantly) and that tea may cause more staining - making local; teeth more yellow, rather than the Americans being ‘more white’. Any theories?

Cheers

…its minus 22 here….

…Hows it there ?

Rather than what is popular.  He was ten years too early.  There is no more money, that’s what the dopes of California won’t realise yet.  That whole article was one big (obnoxious) whinge, without one iota of consideration as to what might be done.

This piece masquerades as “journalism”, whereas it is really whipping people up to hate.

Im afraid if I put my computer in safe mode that it will block me from logging on. That happened once and I had a heck of a time getting out of safe mode after. I think I better take it to someone.

Campaigning during the voting period !

is infected by a something which disallows anti virus/ anti spyware or outside help to work. Give this a try if you havent’ already done so.

Boot up in SAFE MODE. Click the F8 key repeatedly as your computer starts.

There will be several ways to check out your computer. I’d suggest Safe Mode with internet connection. Then, run ALL your personal antivirus programs, or download them if not already installed.

Safe Mode should allow you to get rid of the Trojan/Virus ……..

I think he’s right.  IMO the two biggest shoes to drop are commercial real estate and China.  You cannot believe any figures coming from the Chinese.  Even the boom in Asia is down to the Chinese increasing imports from Taiwan, Japan, Thailand, Korea etc., as well as now becoming Australia’s biggest trading partner.  When either of these two go, the deflationary dive will continue.

Yep and most people have no clear understanding of what goals they are trying to obtain in the current ones. Its more of a internal or seems to me fighting which reminds me of the TET offensive in Viet Nam.

Arnold Schwarzenegger Goes Off The Deep End

by: Robert Cruickshank

Fri Jan 08, 2010 at 12:19:41 PM PST

Arnold Schwarzenegger has released what is, mercifully, his final budget. It is a shocking “fuck you” to the people of California, a brazen hostage taking that proposes to eliminate basic social services unless the feds pony up $7 billion dollars. Even if they do so, Arnold plans to propose the same cuts that were rejected by the voters and the courts in 2009. This budget, more than any other proposal he has offered since he became governor in late 2003, shows the massive contempt Arnold Schwarzenegger has for his fellow Californians.Although we may seem used to this kind of thing, the full details show just how horrifying and thuggish this governor and his budget are. It is a budget designed to protect the wealthy by making everyone else suffer, by driving the economy deeper into recession and strangling what little economic recovery we have witnessed.

• Massive cuts to (and essentially, the elimination of): CalWORKS, IHSS, Healthy Families. The IHSS cuts were done last year and have been blocked by the courts; Arnold’s contempt for the law continues to know no bounds

• However, if the feds come through with $7 billion, the above can be spared. The other cuts described below, however, would happen anyway

• Changing gas tax to an “excise tax” to enable state to make further cuts to public transportation, part of Arnold’s war on public transportation and his desire to shackle Californians to their cars, to rising oil prices, and to his oil company buddies - and would force $2 billion in further cuts to schools under Prop 98

• Raiding Prop 10 and Prop 63 funds even though voters rejected this in May 2009

• Approving the Tranquillon Ridge offshore oil drilling project and giving the funds to state parks, partly to block the ballot initiative to raise the VLF to fund parks

• $1.2 billion cut to school administrators. Before you say “but admin is bloated” - most school administrators are making $50K-$60K if that, and are basically solidly middle-class folks looking to make ends meet

• 14% pay cut to 200,000 state workers, though their furloughs would end

• $1.2 billion cut to prison medical care, even though the federal courts have said this is not possible

• No Medi-Cal benefits to legal immigrants who have been in the US less than 5 years, Healthy Families eligibility slashed to 200% FPL, elimination of adult health daycare

• No new taxes, and preservation of the indefensible corporate tax cuts made in the 2008 and 2009 budget deals

And a host of other things that have likely not yet come to light.

This budget is Arnold’s parting shot - literally - to the people of California, his effort to prove that he really is, as David Dayen put it yesterday, “the worst, absolute worst chief executive in national history.”

In the wake of Arnold’s State of the State address, most legislators made silly and obsequious statements to the effect of “we like what Arnold had to say, we can work with him!” One of the only legislators to give a proper response was Ted Lieu, who equated the prison privatization plan to Blackwater and pointed out that many groups, including religious groups, are vehemently opposed to private prisons.

Will Sacramento Democrats fold in the face of this crappy budget? Or will they follow Ted Lieu’s lead, and House Speaker Tip O’Neill’s lead from the 1980s, and declare Arnold’s budget DOA? Refuse to even consider it?

There may be signs that the Sacramento Democrats have found their spines. According to Capitol Weekly Senate President Pro Tem Darrell Steinberg’s response was “you have got to be kidding” and “we are going to take a different approach.” That’s a start, but Steinberg needs to reject this out of hand.

Progressives and Democrats across the state will be watching their legislators very closely and carefully in the coming weeks and months to ensure they take a strong, firm stand against this reckless and insane budget. California Democrats will have a very, very difficult time motivating their base to show up in November if they yet again give in to Arnold’s thuggery. It’s time they stood up and said “no” in a firm, loud, and collective voice. Robert Cruickshank :: Arnold Schwarzenegger Goes Off The Deep End

http://calitics. com/diary/ 10886/arnold- schwarzenegger- goes-off- the-deep- end

  

“How people treat you is their karma; how you react is yours.” Wayne Dyer

AMERICA: Land of the Free, Home of the Incarcerated

New Gold (NGD) was a bargain to buy when the Mexican Court shut down it’s mine recently.  I posted notice here on the tent as a “fire sale” and picked it up then at $3.60. It’s got more mainstream institutional attention now and I expect that we will hear much more about this stock in the future. Kinda celebtated it last night,LOL.

Too simplistic I know. Faced with an invading force the IDF went into action. No questions about ‘why are we doing this?’, just simple survival, and relatively fast outcome (6 day war for example).

Wars that support puppet governments (Vietnam, Afganistan) on the other hand drag on because the will and popular support of the governing entity has insufficient to overcome opposing national forces without outside help (if popular support was there the outside help wouldn’t be required in the first place). So the entity helping out, and it’s often been the USA in recent decades, draws an intrinsically weak hand. With fractured support Stateside the will to win, morale, declines. Long, miserable wars against entrenched insurgents/patriots, depending on your view.

Will paste one of them cuz of this virus I have don’t want to send links.

Send a Tea Bag with your Tax Return

goldtent.net/wp_gold/wp-admin/img/avatar.jpg” />

Posted by TheCrowman on 04/14/09 06:50 AM
Last updated 04/14/09 07:19 AM
addthis_pub = ‘CampaignForLiberty’;  

Have read the blogs and e-mails telling everyone to send a tea bag to your congressmen and senators but why not send a tea bag with your tax return to the IRS. Plus today APR 14th and tomorrow the 15th at the Tea Party demonstrations have tea bags to hand out to people as they go into the post office to put in the envelops as they mail their returns to the IRS. This could greatly expand the number of tea bags that are received by our Gvt. servants and send an even stronger message.

I’d like to take the time to also give a little history lesson. In the first 140 years of this country the private citizen had no obligation and paid no income taxes to the Fedral Gvt. except during the two years after the War of 1812 and the 6 years following the Civil War to pay for the cost of those two wars and the tax collected was apportioned to the states as required by the Constitution. Otherwise the FED Gvt. was finaced by tarriffs, duties, excise taxes and the 10% it receieved from the coining of real money in gold and silver. When the 16th Amendment or so called Income Tax Amendment was passed in 1914 it was a tax on corporate profit not personal wages. I have a copy of my grandmother’s income tax return from 1932 that shows she paid income taxes on the profit she made from the sale of a piece of property and there are no reported wages on the return. In 1942 with the passage of the War Tax Act to fund WW II this was the first time wages had ever been withheld directly to the FED Gvt. which was and still is in violation of the Constitution. By law at the time the expenses of WW II were paid for the withholding should have been ended as it was after the War of 1812 and the Civil War but once the greedy politicions realized they had a cash cow in place and the people conditioned to expect to have withholding routinely taken out of their pay checks, why discontinue it. Obviously the people who were being taught in the public fool system had no idea of the past history and were the ones who dropped the ball by not demanding that things be returned to the status quo. So here we are.

A little history lesson on Deficit spending. Other than during times of war and Roosevelt’s New Deal the FED Gvt. had been somewhat fiscally responsible and lived within the annual budget that it set until the Lyndon Johnson adminstration when we were experiencing a recession and  the topic of adding deficit spending to the budget was heavily debated as to whether it should be allowed. Unfortunately that year it was allowed and either $2 or $4 Billion in deficit spending was allowed and once they opened Pandora’s box the amount of deficit spending has gone up along with the national debt, with the exception of the second Clinton term when the taxes being collected from the dot.com boom gave us a surplus and paid down the national debt from $5.5 trillion to $ 5trillion dollars. The only time it has ever been reduced in 40 years.

The truth about the national debt and can it now be reduced with current tax revenues, the answer is NO! If you can recall during the Reagan administration he had an investigation of the General Accounting Office done to see just exactly how our tax payers’ dollars were spent. This report was called the Grace Commission Report and you may remember uncovered such fraud as the over billing to the Gvt. for such items as $100 for a hammer and $200 for a toilet seat, etc. Also the final conclusion of the report was that before one cent was spent on the services people expect from their Gvt. that their taxes are being paid to support, every bit of the Fed. personal income tax collected was consumed by the interest on the national debt and at that time it was only $3.5 Billion dollars. So at the current $10.5 Billion the personal income taxes collected is only covering maybe 1/3rd of the interest on the national debt. But what has changed since Johnson? At that time when the FED Gvt. needed the extra money it went to the FED Reserve who created it out of thin air when they signed the check to give the Gvt. My suspicion as to why all the meetings about the financial crisis this past fall were behind closed doors is that if the truth were known, the FED Reserve which has never been audited iself is not in the best fiscal shape as the practice of the Gvt. borrowing money from the FED has ended years ago because we have bled them dry and is why we have had to shift our financing of the deficit out to third world countries. Who if they realized we could only get by with paying the interest on the national debt in ’80’s at $3.5 billion would never loan us any money with the expectations of getting it back and especially with interest.  The FED needs to be audited but when it is I believe we can expect the worse when the truth about it’s financial stability is revealed. Bottom line is deficit spending has never worked in the long term and has only put the burden for the irresponsibility on the backs of the next generation.

What we can do about it. A French statesman in the 1700’s said that short of a physical revolution the only means by which a people have to force a government to respond to their demands was to withhold their taxes. A little history of where we are in that movement. In 1990 after twenty years of implementation of the computer system at the IRS they were finally able to compare W-2’s to the W-4′ and 1099 forms and 1040 returns and discovered that there were 30 million people who were not filing. In 2005 when the IRS commissioner appeared on C-SPAN for the compliance scare talk before APR 15th he used the figure that $60 million people had stopped filing. The next year the congressman who spoke along with the IRS commissioner used the figure of $65 million people had stopped filing. An increase of $5 million in just one year. For the past three years now, as just yesterday when the IRS commissioner spoke to the the National Press Club on C-SPAN, they have dispensed with divulging just how many people are joining the ranks of the non-compliant as I’m almost certain the number has continued to grow and is an indication of the reason why there is discussion about going to a simpler flat tax or national sales tax. But the bottom line on a national sales tax is it would be unconstitutional and is why it has never been implemented. Plus the truth still is that it would not generate sufficient revenues to cover the interest on the national debt at $10.5 trillion dollars. I hope you enjoyed the read and will pass this along to everyone.

The Crowman