Saturday, June 26, 2010

GOLD in the IMF

The IMF holds a relatively large amount of gold among its assets, not only for reasons of financial soundness, but also to meet unforeseen contingencies. The IMF holds 103.4 million ounces (3,217 metric tons) of gold, worth about $83 billion as of end-August 2009, making it the third-largest official holder of gold in the world.

The IMF's Executive Board recently approved limited sales of gold. Learn more about Gold and IMF.


BP Oil Spill - 16 Burning Questions

BP Spill - 16 Burning Questions


http://theeconomiccollapseblog.com

The following are 16 questions about the Gulf of Mexico oil spill that we really need some answers to....

#1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used "as
needed" by state governors. So what are all of these National Guard troops going to be doing exactly? Are the troops going to be used to
stop the oil or to control the public?

#2) Barack Obama has also announced the creation of a "Gulf recovery czar" who will be in charge of overseeing the restoration of the Gulf
of Mexico region following the oil spill. So is appointing a "czar" Obama's idea of taking charge of a situation?

#3) Because it is so incredibly toxic, the UK's Marine Management Organization has completely banned Corexit 9500, so if there was a major
oil spill in the UK's North Sea, BP would not be able to use it. So why is BP being allowed to use Corexit 9500 in the Gulf of Mexico?

#4) It is being reported that 2.61 parts per million of Corexit 9500 (mixed with oil at a ratio of 1:1o) is lethal to 50% of fish exposed to it
within 96 hours. That means that 1 gallon of Corexit 9500/oil mixture is capable of rendering 383,141 gallons of water highly toxic to fish. So
why was BP allowed to dump 1,021,000 gallons of Corexit 9500 and Corexit 9527 into the Gulf of Mexico, and why aren't they being stopped
from dumping another 805,000 gallons of these dispersants that they have on order into the Gulf?

#5) If these dispersants are so incredibly toxic to fish, what are they going to do to crops? What are they going to do to people?

#6) If the smell of the oil on some Gulf beaches is already so strong that it burns your nostrils, then what in the world is this oil doing to to
wildlife that encounter it?

#7) Is it a bad sign that birds from the Gulf region are flocking north by the thousands?

#8) Why is BP being allowed to use private security contractors to keep the American people away from the oil cleanup sites?

#9) Why is BP openly attempting to manipulate the search results on sites like Google and Yahoo?

#10) Why has the FAA shut down the airspace above the Gulf of Mexico oil spill? What don't they want the American people to see?

#11) Senator Bill Nelson of Florida says that there are reports that there are additional ruptures in the sea floor from which oil is leaking. If
there are quite a few of these additional ruptures, then how in the world does BP expect to completely stop this oil leak?

#12) Why are scientists finding concentrations of methane at up to 10,000 times normal background levels in Gulf waters?

#13) At some testing stations in the Gulf of Mexico, levels of benzene have been detected at over 3000 parts per billion, and levels
of hydrogen sulfide have been detected as high as 1192 parts per billion. Considering that these levels would be highly toxic to humans,
why hasn't the general public been warned?

#14) Why are so many Gulf oil spill disaster workers showing up at local hospitals complaining of a "mysterious illness"?

#15) If "70% or 80%" of the protective booms are doing absolutely nothing at all to stop the oil, then what is going to stop the millions of
gallons of oil in the Gulf from eventually reaching shore?

#16) It is being reported that the deepsea oil plumes are creating huge "dead zones" where all creatures are dying as they are deprived of
oxygen. If this oil spill continues to grow could the vast majority of the Gulf of Mexico become one gigantic "dead zone"?



Comment:

BP dumps 1,021,000 + 805,000 = 1,826,000 gallons of Corexit into the ocean

One gallon of Corexit poisons 383,141 gallons of water.

Therefore 1,826,000 gallons of Corexit poison 1,826,000 * 383,141 = 699'615'466'000 gallons of water

1 gallon U.S. equivalent to 3.79 liters.

699'615'466'000 gallons of water = 2'651'542'616'140 liters of water

therefore: BP poisons 2'651'542'616'140 liters of water

in that amount of water 50% of the fish exposed to it will die within 96 hours

List of the Top 20 Silver Producing Countries

Top 20 Silver Producing Countries in 2006
(millions of ounces)
1. Peru 111.6
2. Mexico 96.4
3. China 75.4
4. Australia 55.6
5. Chile 51.5
6. Poland 40.4
7. Russia 39.6
8. United States 36.7
9. Canada 31.2
10. Kazakhstan 26.1
11. Bolivia 15.2
12. Sweden 8.6
13. Indonesia 7.7
14. Morocco 7.6
15. Argentina 6.1
16. Turkey 6.0
17. Iran 3.2
18. South Africa 2.8
19. India 2.7
20. Uzbekistan 2.3

http://www.silverinstitute.org/supply/production.php

FEB 27 TH 2008 NUMBERS - PERU still # 1

Value Investor Charles De Vaulx Loves Gold

Famous value investor Charles De Vaulx loves gold vs fiat currencies. When asked if gold is going up based on the "great fool theory," De Vaulx says that those buying paper that can be printed endlessly are the greater fools.

 

Bob Chapman on G20 Internet Control Police State and The Financial Meltdown - Alex Jones Show 25 June 2010

Bob Chapman on The Alex Jones Show 25 June 2010




Mr. Robert Chapman also known as The International    Forecaster  is a 74 years old. He was born in Boston, MA and attended    Northeastern  University majoring in business management. He spent three    years in  the U. S. Army Counterintelligence, mostly in Europe. He   speaks  German  and French and is conversant in Spanish. He lived in   Europe for  six  years, off and on, three years in Africa, a year in   Canada and a  year  in the Bahamas.

Mr.  Chapman became a stockbroker in  1960  and  retired in 1988. For 18 of  those years he owned his own  brokerage  firm.  He was probably the  largest gold and silver  stockbroker in the  world  during that period.  When he retired he had  over 6,000 clients.
Bob Chapman : you got to remove these  people from the    government
Starting in 1967   Mr. Chapman began  writing  articles on business, finance, economics  and  politics having  been  printed and reprinted over the years in over  200  publications.  He owned  and wrote the Gary Allen Report, which had   30,000  subscribers. He  currently is owner and editor of The   International  Forecaster, a  compendium of information on business,   finance,  economics and social and  political issues worldwide, which   reaches  10,000 investors and brokers  monthly directly, and parts of his    publication are picked up by 60  different websites weekly exposing  his   ideas to over 10 million  investors a week.
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