Oldtent Archives 2010

I ran across this file while searching for another one.  I found it somewhere on the net but didn’t save the source.  If anyone can verify the source and the accuracy, I would appreciate it.  I haven’t a copy of his autobiography and don’t have time right now to research.

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Benjamin Franklin acted as an agent for Pennsylvania, Georgia, New Jersey, and Massachusetts. In 1757 (and again in 1764), he went to England and lived there for several years.

“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.”
- Benjamin Franklin autobiography

re: “Whatever it takes to get my HL to say $12-15, would love
to see the lil miners act like internut stocks of the late 90’s”

This should help.

Gold and Silver are only 3 months into the coming TEN YEARS+ of “deficit hell” as indicated by the chart below…

www.businessweek.com/news/2010-03-05/obama-budget-underestimates-deficit-over-10-years-cbo-says.html

(Bloomberg) — President Barack Obama’s budget proposal would generate bigger deficits than advertised every year of the next decade, with the shortfalls totaling $1.2 trillion more than the administration estimated, according to the Congressional Budget Office.
siliconinvestor.advfn.com/readmsg.aspx?msgid=26372918

….Incredible Stuff….

…..If He’s even a little right….It should be Something else…

….Greeny the Good Guy…who’d a Thunk it..

…..Who needs CSI ….we got some far greater Intrigue in the Gold Market !

….The Ultimate who dun it !

….I plan to go back and read all the links when I get time…

….Cartoons Yet !

I find it funny that one of the claims that they use to justify outlawing industrial hemp is that law enforcement can’t distinguish it from the marijuana varieties high in THC. Gimme a break!

what a story.

in myop, they are very badly tryin to stir up a revolt. Contained the story for years, and slammed all who tried to tell it. Now they give’m prime time spots. It is no accident. They want check mate and i think they need martial law to do it. Freedom is a choice, at this moment in this country. Martial law negates freedom. Those who have insured thier freedom beforehand will have a shot at keeping it. Strong on opinion and short on proof. OF course there was a time they’d look at ya like ya had 3 heads if you said the fed is foreign, the money is iou’s, and the bankers are using your credit: i was short on facts then too.

Excellent find - Thanks for posting it!

For you-all that love to squable over deflation or inflation or both    http://seekingalpha.com/article/192916-bernanke-s-dilemma-hyperinflation-and-the-u-s-dollar

http://www.freedomsphoenix.com/Article/066095-2010-03-11-competition-for-the-imfs-gold.htm

…why not …we know how many Govt Figures are pure fiction…!

…from the sounds of Bix Weirs Grand Thesis…Markets and Stats have been for Many Decades !

Many including JS and Dan Norcini have said that they have been guilty of that for a long-time.

I’m curious.
We all know how the Govt loves to fabricate figures/reports:
CPI, GDP, employment/unemployment, etc.
Well, how easy would it be for them to fabricate the bond auction figures?
They must know what ‘good’ and ‘bad’ results are, so, why not fudge a bit?
Maybe the figures come from an ‘independent’ source, but in this world,
I know of few places that are not at least dusted with some flavor of corruption.
I may be way off base here; will accept admonishment.

1) Most everyone who simply “ducks and covers” WHEN BUILDINGS COLLAPSE are crushed to death. People who get under objects, like desks or cars, are crushed.

2) Cats, dogs and babies often naturally curl up in the fetal position. You should too in an earthquake… It is a natural safety/survival instinct. You can survive in a smaller void. Get next to an object, next to a sofa, next to a large bulky object that will compress slightly but leave a void next to it.

3) Wooden buildings are the safest type of construction to be in during an earthquake. Wood is flexible and moves with the force of the earthquake. If the wooden building does collapse, large survival voids are created. Also, the wooden building has less concentrated, crushing weight. Brick buildings will break into individual bricks. Bricks will cause many injuries but less squashed bodies than concrete slabs.

4) If you are in bed during the night and an earthquake occurs, simply roll off the bed. A safe void will exist around the bed. Hotels can achieve a much greater survival rate in earthquakes, simply by posting a sign on The back of the door of every room telling occupants to lie down on the floor, next to the bottom of the bed during an earthquake.

5) If an earthquake happens and you cannot easily escape by getting out the door or window, then lie down and curl up in the fetal position next to a sofa, or large chair.

6) Most everyone who gets under a doorway when buildings collapse is killed. How? If you stand under a doorway and the doorjamb falls forward or backward you will be crushed by the ceiling above. If the door jam falls sideways you will be cut in half by the doorway. In either case, you will be killed!

7) Never go to the stairs. The stairs have a different “moment of frequency” (they swing separately from the main part of the building). The stairs and remainder of the building continuously bump into each other until structural failure of the stairs takes place. The people who get on stairs before they fail are chopped up by the stair treads - horribly mutilated. Even if the building doesn’t collapse, stay away from the stairs. The stairs are a likely part of the building to be damaged. Even if the stairs are not collapsed by the earthquake, they may collapse later when overloaded by fleeing people. They should always be checked for safety, even when the rest of the building is not damaged.

Get Near the Outer Walls Of Buildings Or Outside Of Them If Possible - It is much better to be near the outside of the building rather than the interior. The farther inside you are from the outside perimeter of the building the greater the probability that your escape route will be blocked.

9) People inside of their vehicles are crushed when the road above falls in an earthquake and crushes their vehicles; which is exactly what happened with the slabs between the decks of the Nimitz Freeway… The victims of the San Francisco earthquake all stayed inside of their vehicles. They were all killed. They could have easily survived by getting out and sitting or lying next to their vehicles. Everyone killed would have survived if they had been able to get out of their cars and sit or lie next to them. All the crushed cars had voids 3 feet high next to them, except for the cars that had columns fall directly across them.

10) I discovered, while crawling inside of collapsed newspaper offices and other offices with a lot of paper, that paper does not compact. Large voids are found surrounding stacks of paper.

Spread the word and save someone’s life… The Entire world is experiencing natural calamities so be prepared!

“We are but angels with one wing, it takes two to fly”

In 1996 we made a film, which proved my survival methodology to be correct. The Turkish Federal Government, City of Istanbul, University of Istanbul Case Productions and ARTI cooperated to film this practical, scientific test. We collapsed a school and a home with 20 mannequins inside. Ten mannequins did “duck and cover,” and ten mannequins I used in my “triangle of life” survival method. After the simulated earthquake collapse we crawled through the rubble and entered the building to film and document the results. The film, in which I practiced my survival techniques under directly observable, scientific conditions, relevant to building collapse, showed there would have been zero percent survival for those doing duck and cover.

There would likely have been 100 percent survivability for people using my method of the “triangle of life.” This film has been seen by millions of viewers on television in Turkey and the rest of Europe , and it was seen in the USA , Canada and Latin America on the TV program Real TV

tinyurl.com/ylgzmgl

 OK ,, I know this is just stirring the pot,, kinda like throwin rocks at a bee hive,,, This guy is saying some of what I was trying to convey a while back,,, Say’s alot more and stronger than I would,,, but here you go   http://granddelusion.wordpress.com/glenn-beck/

www.roadtoroota.com/public/department36.cfm

snip :

It was January 2007 when I first discovered the information released by the Federal Reserve Bank, Boston that changed my understanding of the gold & silver markets, the financial markets, the energy markets, the monetary system as well as the true essence of my country, the United States of America. My understanding of the way the world worked was blown to bits and replaced with a more unified theory on all things monetary… all things that lead us down The Road to Roota otherwise known as the Road to the Gold Standard.

The Road to Roota Theory postulates that there is a group of people in the United States as well as around the world that are working to remove and destroy the financial banking powers that have secretly controlled all aspects of our lives for hundreds of years. The original idea of this group sprang from the mind of Alan Greenspan and involved rigging markets with computer programs that he had invented in the 1960’s. The original articles can be found here:

Greenspan’s Golden Secret

www.roadtoroota.com/public/101.cfm

The Original Road to Roota

www.roadtoroota.com/public/120.cfm

The James Joyce Table
Midas du Metropole
Topic du Jour

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March 11 - Gold $1108 up 20 cents- Silver $17.14 up 14 cents

A Fascinating Time … Gold/Silver Bullish As Ever Following Gold Cartel’s Ploy

“The last duty of a central banker is to tell the public the truth.” - Alan Blinder, Vice Chairman of the Federal Reserve … stated years ago on PBS’s Nightly Business Report, and the quote of the day in this commentary on September 21, 2005

GO GATA!

Over the last many years we have witnessed The Gold Cartel going after gold with a vengeance numerous times … and they have blasted the price in short order. But NEVER have I seen them go after gold so repetitively like they have recently, especially this past week … and again right after Comex opened this morning:

Gold has constantly “acted well,” and come back from drubbings, yet a ticked off Gold Cartel then presses on the price even harder, causing the price to collapse in minutes. What makes their activity more noticeable than ever before is that the other markets are so quiet. In the past they would wait for the dollar to gain some strength and then move to bury the gold price. This is not the case at the moment. They are making their moves on euro strength as much as in weakness. The financial markets and general economic news has not been market moving to any major degree … except for gold and, to a lesser extent, silver.

What’s going on?

*The Treasury is petrified of losing control of their auctions. One, because of what it might lead to down the road as far as much higher interest rates. And two because of what higher interest rates will do to mortgage rates and the shaky US real estate market. As presented to the CFTC, we know of the Treasury/Fed’s understanding between gold and US interest rates, especially as far as perceptions go (Gibson’s Paradox by Larry Summers). Mission accomplished:

13:03 30-yr bond auction draws 4.68%, with 82.8% allotted at high
•Bid/cover 2.89vs. average of the last 8 auctions 2.48
•Indirect participation 23.9% vs. average 41.48%
•Following the results:
5-yr (3/32) to 2.33%
10-yr 2/32 to 3.63%
Dow 10559.32, (8.01)
* * * * *

Long-dated bonds turn higher after 30-yr auction

NEW YORK, March 11 (Reuters) - Long-dated U.S. Treasuries prices moved into the plus column on Thursday after a well-bid auction of U.S. Treasury bonds.

The market, narrowly lower before the 1 p.m. (1800 GMT) bidding deadline, shrank losses at the short and intermediate part of the curve while longer-dated 10- and 30-year securities moved into the plus column.

Thirty-year bonds were up 16/32 in price, their yields easing to 4.66 percent from 4.69 percent on Wednesday.

-END-

I believe I heard CNBC’s Rick Santelli use the word “barnburner” to describe these results.

*Behavioral Finance again, speaking of Lawrence Summers. The US financial markets are too quiet. Times like these have led to all out commotion down the road. While the Obama Administration is out there pep talking, and the PPT et al are managing the markets, the US real estate market stinks; the job market stinks; the commercial real estate market is gradually rolling over; many of our States are broke; and talk of sovereign debt problems continues to permeate the investment arena. It feels like the Obama gang has called a time out in attempt in order to figure out how to handle the situation. In the meantime, it’s SHOOT THE MESSENGER (gold) while they buy some time. A related note…

Hey Bill,
A friend in the commercial real estate space just forwarded me this article. Thought you’d find it to be interesting:

www.costar.com/News/Article.aspx?
id=51EADAF47AA8473244CAD9A0EBC81F18&ref=100&ii
d=172&cid=059206ACED3712371B4E2067016F579C

“It looks like the loan loss allowance to noncurrent loan ratio began declining in second half of 2006,” Fitzgerald noted. “Noncurrent loans and leases began increasing in second half of 2006, whereas loan loss allowances began increasing in second half of 2007. The average from 1992-2009 is 1.33, compared to 0.58 today.”

Put in dollars, that means that for the past 15 years or more, banks kept aside an average $1.33 for every dollar in bad debt they were carrying on their books. Today, banks have only 58 cents set aside.
Best,
Sasan

*In addition to those explanations, it is very possible The Gold Cartel is also petrified of what could happen if silver is called out of the Comex and they can’t make good on their major short positions. “Force Majeure” would be their worst nightmare as it would prove GATA’s case beyond a shadow of a doubt, as well as that of Ted Butler. It is why we included those words in our letter to the CFTC. We wanted to be on record that we told them what is coming if they don’t take corrective action.

Silver was starting to explode yesterday above $17.50. That’s when The Gold Cartel made their major move on gold, following the PM Fix. Gold went straight down and silver followed as traders were forced to dump their newly acquired long positions on the breakout and take hefty losses in minutes. There is some chance The Gold Cartel is all over gold in order to make it easier to cover their silver short positions. To do so, they need willing sellers to buy from so as not to drive the price to the moon. Thus, they have been bombing gold with lightning quick raids in gold in order to panic out silver spec longs. If I were them, that’s what I would be doing. They can never cover when silver is rocketing higher. Who would sell to them? Their positions are too large to do any meaningful covering in a sharply rising silver market.

The Comex’s reporting of open interest has become bizarre. They put out a preliminary estimate and then a final number later on. Get this:

*Preliminary numbers for yesterday – The gold open interest rose 11,251 contracts to 505,160 and the silver open interest rose 1891 contracts to 114,021.

*Final numbers - The gold open interest fell 2615 contracts to 491,264 and the silver open interest went down 1127 contracts to 111,003.

The difference in the numbers COMPLETELY changes the analysis for yesterday. In the first case, The Gold Cartel is going all out to bury the prices from where we are now. In the second, The Gold Cartel is engineering these incredibly sudden sharp drops in the price of gold in order to set off spec stops below the market, which allows them to cover their shorts.

Dave from Denver’s partner said yesterday he thought The Gold Cartel was bombing the market on rallies in order to induce spec long selling, so they could do just that, cover on the breaks. Today’s latter open interest numbers suggest he is correct. Dave:

“You see that drop in April o/i? The big roll is starting early for some reason. April has shed over 10% of its o/i in the past 3 days. The active “roll” period is usually the week leading up to 1st notice, which not until 3/31. The “rolling” has been spread evenly over Aug/Oct/Dec/Feb ‘11 for the most part. ”

If I were a conspiracy guy, I would say that the Comex purposely put out the large increases in gold and silver open interest to panic the specs out … which could have been another reason why gold and silver collapsed after the Comex open. I mean small open interest revisions are one thing. What they did today is beyond comprehension, unless you view it from a Planet GATA perspective

all the USA residents should get behind this one

An idea whose time has come
For too long we have been complacent about the workings of Congress. Many citizens have no idea that members of Congress can retire with the same pay after only one term, that they don’t pay into Social Security, that they specifically exempted themselves from many of the laws they have passed (such as being exempt from any fear of prosecution for sexual harassment), while ordinary citizens must live under those laws. Their latest move is to exempt themselves from the Healthcare Reform that is being considered…in all of its forms. That’s not right. We should not have an elite class that places itself above the law. I truly don’t care if they are Republican, Democrat, Independent or whatever –The self-serving must stop. A 28th Amendment has become necessary. It is an idea whose time has come.

Proposed 28th Amendment to the United States Constitution:

“Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States.”

If you agree, contact a minimum of 20 people on your email list. In turn, ask each of them to do likewise.

In three days, most people in The United States of America will have this message. This is one proposal that really should be passed around.

You better add ‘term limits’ to your proposal.

UNCOMMON COMMON SENSE

We’re either floating in the Sargasso Sea or stuck in the doldrums… I can’t figure out which.

stockcharts

I can’t believe how many people I have been in contact with this week that are being asked to make changes to their pension plans.  The new investment choices are mostly bond pools or combination of bonds and equities and the heavy slant on the equities is financials………………26%!  Looks like 2000 and the tech wreck all over again.  They are loading up pensions with this sector because it is going to blow and the average person is going to take it again!

I forwarded to RNO and Mo… I am leaving now for appt so cannot read right now..will do later..Also , if you read this post please e-mail me name of contact you are speaking  about if I don’t know them already in case it goes to spam ..tia

usually pleasant????  you know what riles me up ….  lol

tinyurl.com/y9×7cd3

ATHENS, Greece (AP) - Greek police fired tear gas to disperse protesters throwing rocks and firebombs outside Parliament as more than 20,000 people marched through central Athens during a nationwide strike against the government’s harsh new austerity measures.