Robert Kiyosaki : The four things that make people poor every single month are number one taxes , number two is debt , car payment mortgage payment number three is inflation the price of gas is going up food is going up and number four is Retirement plan , so those are the four things that made the average middle class person poor they are the very same things that make guys like me rich if you have financial education I can make millions of dollars and pay zero dollar in taxes by using debt to get rich not poor , I use debt to get rich I use inflation to get rich I invest in gold oil and copper and I do not have a retirement plan ....
there are four basic asset classes , number one is a business the richest people in the world own business like Bill Gates the second is real estate third is stock bonds and paper assets and the fourth are commodities so i own all four but I am a student of all four , if you do not have any education you will lose money at any one of them ...trying to get rich is like flying an airplane so you do not just plan to take off because you will crash ...how I do it is : if it does not cash flow I do not buy it ...I only buy real estate where there is jobs
Friday, December 24, 2010
Rich Woman - The Art of a Deal
Rich Woman - The Art of a Deal
Kim Kiyosaki introduces an up coming event she will be attending and participating in titled The Art of a Deal. This event features Wayne Palmer as he describes and teaches some of his creative financing techniques. This event is not to be missed!Silver refining
A micro-scale experiment explaining some principles related to the refining process of silver.
Some Questions and answers:
-Why use such a small container? =Because the larger the container the more solution of silver nitrate is required, which means that more of your silver is trapped in there.
-What are those small spots on your skin? =As you can imagine, it is due to silver nitrate splashes that landed on it. It is not so tragic, I tell everyone that I refilled a printer ink cartridge.
-Dude, how can you know that the silver content is 70% ? =Well, I know what went into that jar, that's why.
-Could you build a much better power supply? Theoretically I could, out of two transformers. But I have not found the right types yet. Actually anything that can supply (DC current) a voltage between 1,5 and 3,5 V and lots of Amps (goes anywhere from 10A to 800A) is suited for the job. Plating rectifiers do the job, but they cost a lot.
-Didn't your @1,5V time lapse take too long for producing almost nothing? =The batteries were already a bit consumed, I didn't measure it but I guess the current was much smaller than 0,28A. Theoretically each battery can supply at least 2000mAh which means that each battery can plate out 8,048g of pure silver.
-70% of 25g makes 17,5g, you only got 16,9g of fine silver, where is the rest of it? =The rest of the silver is in the first solution where I left the copper tube in, a small part is in the electrolyte solution because it had a bit of free nitric acid.
-Where do I get nitric acid from? =Good question, depends where on this planet you live at. In some countries you cannot buy nitric acid but you might get it through friends who work at a synthesis plant. In others, like Germany, you go to the pharmacy and buy some. Either way, you still have the option to make your own, I recommend watching Nurdrage's videos on how to make some.
-Why not edit the song so it won't need repeating itself? =Since I do not own the song I guess it is fair to at least not modify it, with respect to the artist.
Disclaimer: I AM NOT RESPONSIBLE FOR, AND EXPRESSLY DISCLAIM ALL LIABILITY FOR,DAMAGES OF ANY KIND, INJURY OR DEATH, ARISING OUT OF USE, REFERENCE TO, OR RELIANCE ON ANY INFORMATION CONTAINED WITHIN THIS VIDEO..
Song: Delerium - Prophecy (Album Syrophenikan 1990)
Rich Woman - Kim Kiyosaki's First Investment
Rich Woman - Kim's First Investment
Kim describes her thoughts, decisions and fears of her first investment purchase. Listen in as she talks about the time it took to find the property and her fears of making a bad investment.
Real estate is not a safe investment as we have seen with the subprime loan bubble bursting. For you, you got to enjoy the bullmarket of the roaring 80's. This is 2010, and we must wait until the housing bottoms out first. See Japanese deflation, and we will have to wait until the Elliott wave brings the markets to the bottom. You cant short houses like stocks.
Kim describes her thoughts, decisions and fears of her first investment purchase. Listen in as she talks about the time it took to find the property and her fears of making a bad investment.
Real estate is not a safe investment as we have seen with the subprime loan bubble bursting. For you, you got to enjoy the bullmarket of the roaring 80's. This is 2010, and we must wait until the housing bottoms out first. See Japanese deflation, and we will have to wait until the Elliott wave brings the markets to the bottom. You cant short houses like stocks.
Gold Tragic Dividend - Barrack Gold in northern Tanzania
Dec. 23 (Bloomberg) -- Bloomberg's Cam Simpson reports on his visit to northern Tanzania where he spoke to villagers searching among waste rock for tiny flecks of gold in a community where where almost half the people live on less than 33 cents a day. Security guards and federal police allegedly have shot and killed people scavenging the gold-laced rocks, according to interviews with 28 people, including victims' relatives, witnesses, local officials and human-rights workers. (Source: Bloomberg)
Barrack Gold is shooting villagers. Barrack Gold is owned by the Queen and other Illuminati s they don't have to obey the law because they are the law
Barrack Gold is shooting villagers. Barrack Gold is owned by the Queen and other Illuminati s they don't have to obey the law because they are the law
How to Test Gold using TRi Electronics GXL-24Pro?
The GXL-24PRO GOLD TESTERTM is a high technology professional digital instrument, developed by Tri Electronics, Inc. for efficient, non-destructive determination of gold karat values from 6 to 24 karats.
The GXL-24PRO GOLD TESTER determines platinum and the gold karatage in the 6-24 karat range in alloys commonly used in the jewelry industry.
Besides determining the karatage of gold, the Gold Tester is also able to distinguish gold plated and gold-filled items.
The GXL-24PRO GOLD TESTER determines platinum and the gold karatage in the 6-24 karat range in alloys commonly used in the jewelry industry.
Besides determining the karatage of gold, the Gold Tester is also able to distinguish gold plated and gold-filled items.
Germans huge appetite for buying silver and gold
This video shows an interview between silver bug David Morgan of http://silver-investor.com and Jan Kneist of http://goldseiten.de, organisor of the annual International Precious Metals and Commodities Show held 5-6 November, 2010 in Munich, Germany. This event was first organised in 2005. They discuss the monetary system, gold and silver investments and the reason why many Germans are so interested in buying gold and silver.
The Secrets Of The Rich - Robert Kiyosaki
Robert Kiyosaki - Secrets of The Rich , : you do not want to own anything in your name you use corporation LLCs limited partnership etc... in order to save your assets , it is not money that makes you rich it is financial education that makes you rich
Invest in GOLD - You could double your money every 6 months
Invest in GOLD - You could double your money every 6 months
Invest in GOLD - You could double your money every 6 months ...
http://cash2gold.com
As gold topped $1000 recently, the news became front-page across the country, and radio and TV financial programs led off talking about the price of gold. Invariably, all noted that gold had reached nearly a two-decade high. Yet it is doubtful any of the reporters assigned to the story really grasped the importance of gold topping $1000.
Further, few reports dared suggest that the price of gold could climb still higher. Gold stands a good chance of seeing higher prices before the inevitable price correction, which always follows such a strong move.
Most reports saw $1000 gold as a novelty, not the ominous sign that something is drastically wrong with the state of financial affairs in the United States. The truth: gold is responding to profligate spending in both the government and the public sectors. Further, gold is rising because of the massive inflation by the Federal Reserve under Alan Greenspan. Let's take a brief glance at only one reason for gold's jump above $500: federal spending.
The federal government now has more than $8 trillion in official (on the books) debt. Only three years ago, gross public debt stood at $6 trillion. For those calculating, that is a one-third debt increase in only three years. The United States took 226 years to run up a debt of $6 trillion. In three years, an additional $2 trillion was tacked on.
According to The Privateer, present projected spending will push the official debt to $11 trillion before the end of Bush's second term. If this becomes reality, in only eight years the official federal debt will have nearly doubled. Additionally, there are the "off-books" liabilities.
Unfunded U.S. government liabilities—Social Security, Medicare, Medicaid, military pensions, federal workers' pensions, and other promise such as picking up the tabs for bankrupt corporate pensions—will reach $50 trillion by the end of the year and climb to $70 trillion by the end of Bush's second term.
The official debt is the accumulation of years of federal deficit spending. This fiscal year's deficit (October 1, 2005 thru September 30, 2006) is projected to be $521 billion. Deficit spending looks to get worse.
Pulling statistics from the respected Congressional Budget Office's January report on the federal budget and economy, Citizens for Tax Justice show annual deficits under Bush policies skyrocketing to $1.164 trillion by 2015. These projections are seven times the Bush administration's numbers because the White House assumes, among other things, that current tax cuts "sunset," that Iraq and Afghanistan expenditures will suddenly end, and that federal appropriations will "plummet" as a share of the economy.
The Congressional Budget Office forecasts that by 2013 "the government is likely to be spending more to pay interest on the debt than on all domestic appropriations put together." Any wonder the price of gold topped $1000?
It appears unlikely that the problem of deficit spending will be addressed any time soon in Washington. Sadly, our lawmakers do not yet even see it as a problem. While it is true that Democrats never miss an opportunity to carp about Bush's refusal to "roll back" his tax break for "rich Americans," the Democrats would be as quiet as church mice if the deficit spending were for welfare programs. Either way, the results would be the same: continued deficit spending.
The way gold topped $1000 was a big deal because the price of gold is the thermometer for the health of a nation's currency. A rising price for gold suggests a fever is building. However, the reporting suggests that few reporters understand the United States is infected with a deadly virus, not a common cold.
Invest in GOLD - You could double your money every 6 months ...
http://cash2gold.com
As gold topped $1000 recently, the news became front-page across the country, and radio and TV financial programs led off talking about the price of gold. Invariably, all noted that gold had reached nearly a two-decade high. Yet it is doubtful any of the reporters assigned to the story really grasped the importance of gold topping $1000.
Further, few reports dared suggest that the price of gold could climb still higher. Gold stands a good chance of seeing higher prices before the inevitable price correction, which always follows such a strong move.
Most reports saw $1000 gold as a novelty, not the ominous sign that something is drastically wrong with the state of financial affairs in the United States. The truth: gold is responding to profligate spending in both the government and the public sectors. Further, gold is rising because of the massive inflation by the Federal Reserve under Alan Greenspan. Let's take a brief glance at only one reason for gold's jump above $500: federal spending.
The federal government now has more than $8 trillion in official (on the books) debt. Only three years ago, gross public debt stood at $6 trillion. For those calculating, that is a one-third debt increase in only three years. The United States took 226 years to run up a debt of $6 trillion. In three years, an additional $2 trillion was tacked on.
According to The Privateer, present projected spending will push the official debt to $11 trillion before the end of Bush's second term. If this becomes reality, in only eight years the official federal debt will have nearly doubled. Additionally, there are the "off-books" liabilities.
Unfunded U.S. government liabilities—Social Security, Medicare, Medicaid, military pensions, federal workers' pensions, and other promise such as picking up the tabs for bankrupt corporate pensions—will reach $50 trillion by the end of the year and climb to $70 trillion by the end of Bush's second term.
The official debt is the accumulation of years of federal deficit spending. This fiscal year's deficit (October 1, 2005 thru September 30, 2006) is projected to be $521 billion. Deficit spending looks to get worse.
Pulling statistics from the respected Congressional Budget Office's January report on the federal budget and economy, Citizens for Tax Justice show annual deficits under Bush policies skyrocketing to $1.164 trillion by 2015. These projections are seven times the Bush administration's numbers because the White House assumes, among other things, that current tax cuts "sunset," that Iraq and Afghanistan expenditures will suddenly end, and that federal appropriations will "plummet" as a share of the economy.
The Congressional Budget Office forecasts that by 2013 "the government is likely to be spending more to pay interest on the debt than on all domestic appropriations put together." Any wonder the price of gold topped $1000?
It appears unlikely that the problem of deficit spending will be addressed any time soon in Washington. Sadly, our lawmakers do not yet even see it as a problem. While it is true that Democrats never miss an opportunity to carp about Bush's refusal to "roll back" his tax break for "rich Americans," the Democrats would be as quiet as church mice if the deficit spending were for welfare programs. Either way, the results would be the same: continued deficit spending.
The way gold topped $1000 was a big deal because the price of gold is the thermometer for the health of a nation's currency. A rising price for gold suggests a fever is building. However, the reporting suggests that few reporters understand the United States is infected with a deadly virus, not a common cold.
Why Gold sales in China are exploding ?
Gold sales in China surges , Even though Gold has hit $1,300, gold sales in China is not slowing down. On the contrary, it is surging
The price of gold has been surging on the global market recently but gold prices in China haven't follow the global trend due to the recently appreciating Chinese currency. And investors are taking advantage with gold sales in the country surging.
In Hangzhou in eastern China, gold stores say their business increased by around 50 percent during the Mid-Autumn holiday. Some products even sold out. Yang Chaohong, Zhejiang Store Manager of China Gold Group said "Sales of gold jewelry increased by 50 percent, and sales of gold bars surged by 100 percent. One customer even bought 10 kilograms of gold at once."
In Shanghai, gold is also a hit with customers. Branch Manager of Shanghai Laofengxiang said "Our sales are good. During the three-day holiday, we sold around 3 million yuan worth of gold every day."
Gold products are usually purchased for special occasions, like weddings. But surging global gold prices are also driving Chinese investors to snap up what they can.
Brilliant, absolutely brilliant. You are right. I have been reviewing documents about which central banks of which countries are buying gold now. China has made the biggest and most surreptitious moves of all such countries. It also appears to have made the biggest moves in the last 5 years of any country, although Russia has made more noisy moves. The brilliance of getting its populace to buy gold by running TV ads is stunning and don't let the world know the central bank is hoarding it. Chinese will not buy gold when its own currency rises faster than the rate of gold. Unless they have unrestricted access on US dollars or other currencies, but that will not happen. So this will happen when chinese yuan have rised high enough to remain stable or on the risk of collapse.
BUY GOLD NOW - BIGGEST INVESTMENT EVER - CHINA SECRET PLAN
Courtesy: flaskofcoffee
It is very well known that the EVIL ILLUMINATI [Senior Freemasonry] New Labour Prime Minister of the UK helped to destroy the PUBLIC sector UK Gold Reserves - Who was to benefit? the PRIVATE sector [Rothschilds]...
In CHINA the People's Republic of China "PRC" Government is wise and astute... it is encouraging its 1.3 Billion [1,300 Million] population to invest in hard appreciating GOLD... that does NOT affect Inflation of the economy...
Whilst EVIL politicans of the US & UK betray its people [who are largely ignorant of its DECEITS - like the
"911" "Event" through the very expensive PRIVATE Media linked indirectly to the US, UK & EU Central Banks]... the politicans of China understand how the economy works and have a Secret Plan to ensure its population buy into Gold - the best rare metal to buy into...
NEVER ever trust a DECEIVING POLITICIAN... but understand the Markets...
It s no coincidence that as RUSSIA is hit very hard economically by the US Geopolitical policy to attack the "Stans" around the Caspian Sea, Iraq, Afghanistan, Turkey, Iran, Pakistan [to destroy the Muslim belief & its people - through US Secular policy of the Zionist Freemasonic Agenda] & causing major Terror attacks through entities like "Blackwater" private mercenaries - in places like Mumbai, India, giving the US forces of terror, a certain legitimacy to follow through with the so-called "War on Terror" against no identifiable enemy... through the US mercenary corporations [ALL paid for by US taxpayers] - initiated through the 911/2001 Lie/the purported "Reason" -Russian Roman Abramovich ["the Russian mafia?" owner of the yacht: "Le Grand Bleu" who is supported by Vladimir Putin - the absolute despotic ruler of Russia?] has recently bought into a disused Gold mine... this should tell us volumes...
As the RUSSIAN population [142 Million] & life expectancy rate in Russia tumbles (62 male and 73 female)... the politicians live in the greatest of obscene opulence - no different then to the absolute rulers that were the wealthiest Tsars of Russia...
As for the CHINESE population [1.3 Billion] increases significantly & its life expectancy rates increase (71 male 75 female)... the politicians in China never ever looked too kindly on its vast population... but treated them with absolute contempt... and as the biggest threat to their power, control, authority...
COMMUNISM was always a highly flawed political ideology - but most people do not tend to realise that it was carefully funded & covertly put in place by the very architects of the US Central Bank of Wall Street
[Read the excellent books authored by the late Professsor Anthony C. Sutton: "Wall Street and the Rise of Hitler" and "Wall Street & the Bolshevik Revolution" - both explain how Communism was carefully but secretly funded & nurtured by Wall Street Bankers... to destroy its society from within... Deviously Clever...]
So POLITICIANS the world over ABUSE their POWER & [invariably tend to] ABUSE THEIR TRUST... [As George Orwell reminded us (in "Animal Farm" & in "1984") - as if we ever needed reminding...]
Interesting that European & "Western" countries have the highest Life Expectancy rates of the World... [not surprisingly linked to GDP]...
[In the UK the Life Expectancy: 77 male and 82 female]
[In the US the Life Expectancy: 76 male and 81 female]
[In Japan (the Highest) the Life Expectancy: 79 male and 86 female]
Most people of "the West" do not tend to realise that many of the serious problems visited on other Sovereign countries were in reality designed in the US/UK to secure our best interests...
Remember that fact before criticising other hapless governments and their Duplicitous Deceiving Politicians...
The price of gold has been surging on the global market recently but gold prices in China haven't follow the global trend due to the recently appreciating Chinese currency. And investors are taking advantage with gold sales in the country surging.
In Hangzhou in eastern China, gold stores say their business increased by around 50 percent during the Mid-Autumn holiday. Some products even sold out. Yang Chaohong, Zhejiang Store Manager of China Gold Group said "Sales of gold jewelry increased by 50 percent, and sales of gold bars surged by 100 percent. One customer even bought 10 kilograms of gold at once."
In Shanghai, gold is also a hit with customers. Branch Manager of Shanghai Laofengxiang said "Our sales are good. During the three-day holiday, we sold around 3 million yuan worth of gold every day."
Gold products are usually purchased for special occasions, like weddings. But surging global gold prices are also driving Chinese investors to snap up what they can.
Brilliant, absolutely brilliant. You are right. I have been reviewing documents about which central banks of which countries are buying gold now. China has made the biggest and most surreptitious moves of all such countries. It also appears to have made the biggest moves in the last 5 years of any country, although Russia has made more noisy moves. The brilliance of getting its populace to buy gold by running TV ads is stunning and don't let the world know the central bank is hoarding it. Chinese will not buy gold when its own currency rises faster than the rate of gold. Unless they have unrestricted access on US dollars or other currencies, but that will not happen. So this will happen when chinese yuan have rised high enough to remain stable or on the risk of collapse.
BUY GOLD NOW - BIGGEST INVESTMENT EVER - CHINA SECRET PLAN
Courtesy: flaskofcoffee
It is very well known that the EVIL ILLUMINATI [Senior Freemasonry] New Labour Prime Minister of the UK helped to destroy the PUBLIC sector UK Gold Reserves - Who was to benefit? the PRIVATE sector [Rothschilds]...
In CHINA the People's Republic of China "PRC" Government is wise and astute... it is encouraging its 1.3 Billion [1,300 Million] population to invest in hard appreciating GOLD... that does NOT affect Inflation of the economy...
Whilst EVIL politicans of the US & UK betray its people [who are largely ignorant of its DECEITS - like the
"911" "Event" through the very expensive PRIVATE Media linked indirectly to the US, UK & EU Central Banks]... the politicans of China understand how the economy works and have a Secret Plan to ensure its population buy into Gold - the best rare metal to buy into...
NEVER ever trust a DECEIVING POLITICIAN... but understand the Markets...
It s no coincidence that as RUSSIA is hit very hard economically by the US Geopolitical policy to attack the "Stans" around the Caspian Sea, Iraq, Afghanistan, Turkey, Iran, Pakistan [to destroy the Muslim belief & its people - through US Secular policy of the Zionist Freemasonic Agenda] & causing major Terror attacks through entities like "Blackwater" private mercenaries - in places like Mumbai, India, giving the US forces of terror, a certain legitimacy to follow through with the so-called "War on Terror" against no identifiable enemy... through the US mercenary corporations [ALL paid for by US taxpayers] - initiated through the 911/2001 Lie/the purported "Reason" -Russian Roman Abramovich ["the Russian mafia?" owner of the yacht: "Le Grand Bleu" who is supported by Vladimir Putin - the absolute despotic ruler of Russia?] has recently bought into a disused Gold mine... this should tell us volumes...
As the RUSSIAN population [142 Million] & life expectancy rate in Russia tumbles (62 male and 73 female)... the politicians live in the greatest of obscene opulence - no different then to the absolute rulers that were the wealthiest Tsars of Russia...
As for the CHINESE population [1.3 Billion] increases significantly & its life expectancy rates increase (71 male 75 female)... the politicians in China never ever looked too kindly on its vast population... but treated them with absolute contempt... and as the biggest threat to their power, control, authority...
COMMUNISM was always a highly flawed political ideology - but most people do not tend to realise that it was carefully funded & covertly put in place by the very architects of the US Central Bank of Wall Street
[Read the excellent books authored by the late Professsor Anthony C. Sutton: "Wall Street and the Rise of Hitler" and "Wall Street & the Bolshevik Revolution" - both explain how Communism was carefully but secretly funded & nurtured by Wall Street Bankers... to destroy its society from within... Deviously Clever...]
So POLITICIANS the world over ABUSE their POWER & [invariably tend to] ABUSE THEIR TRUST... [As George Orwell reminded us (in "Animal Farm" & in "1984") - as if we ever needed reminding...]
Interesting that European & "Western" countries have the highest Life Expectancy rates of the World... [not surprisingly linked to GDP]...
[In the UK the Life Expectancy: 77 male and 82 female]
[In the US the Life Expectancy: 76 male and 81 female]
[In Japan (the Highest) the Life Expectancy: 79 male and 86 female]
Most people of "the West" do not tend to realise that many of the serious problems visited on other Sovereign countries were in reality designed in the US/UK to secure our best interests...
Remember that fact before criticising other hapless governments and their Duplicitous Deceiving Politicians...
A Haunted Housing Market?
Dec. 22 2010 | Fannie Mae's bullish outlook for the housing market may have buoyed hope for 2011, but rising mortgage rates could impact the recovery, with Joe Murin, former Ginne Mae president and president & CEO of Oakleaf Waste Mgmt.
Why Gold is the Best Money - Understanding Money
Understanding Money - Why Gold is the Best Money
Gold with Silver are the only monetary precious metals , this documentary explains in simple terms why gold is the best money why gold and silver were used as money for centuries , Gold and Silver are real money the only real moneyIntroduction - The Gold Standard Institute part 1 : The Origin of Money Part 2 - The Functions and Requirements of Money Part 3 - The Stability of Gold Part 4 - Money in a Modern Economy
The Secrets of Gold
Shown on Travel Channel, Discovery explores gold's properties and history as the most coveted of precious metals.
The glitter of gold defines prized works of art, ornaments of royalty and coinage, as well as tools and devices essential to modern life. Explore fascinating stories and remarkable properties that make gold the most coveted of precious metals.
The glitter of gold defines prized works of art, ornaments of royalty and coinage, as well as tools and devices essential to modern life. Explore fascinating stories and remarkable properties that make gold the most coveted of precious metals.
Suriname New Gold rush
A massive jump in gold prices is causing a goldrush in countries like Suriname.
A Canadian corporation, IAMGOLD, is the only company with mining rights in the tiny Latin American nation's rain forest.
But some of the locals who live on that land are racing to get their own share of the gold, before it is all gone.Al Jazeera's John Terrett reports from Brokopondo, Suriname.
A Canadian corporation, IAMGOLD, is the only company with mining rights in the tiny Latin American nation's rain forest.
But some of the locals who live on that land are racing to get their own share of the gold, before it is all gone.Al Jazeera's John Terrett reports from Brokopondo, Suriname.
Bob Chapman : The US Government wants a second Korean War
FFw/JB Radio Show : Bob Chapman (12/23/2010)
Bob Chapman, The International Forecaster, discussed a variety of topics during the first hour of the Thursday December 23, 2010 episode of the Freedom Files with James Burns Radio Show.Bob Chapman : The US Government wants a second Korean War
Blowout: Is Canada Next ?
On April 20, 2010, BP's Deepwater Horizon rig exploded unleashing 5 million barrels of oil into the Gulf of Mexico. It has been nothing short of catastrophic, causing extensive damage to marine and wildlife habitat, as well as to the Gulf's fishing and tourism industries. In May 2010, Chevron began drilling Canada's deepest well off the coast of Newfoundland, begging the question: Could an oil spill of the same magnitude happen in Canada?
Blowout: Is Canada Next? , is a documentary that tracks the aftermath of the worst oil spill in U.S. history, and transposes the oil spill to Canada's Grand Banks. By documenting the latest scientific findings in the Gulf, Blowout: Is Canada Next? builds a picture of what an offshore drilling disaster would look like on Canada's East coast.
Just weeks after the Deepwater Horizon blowout in the Gulf, Chevron began drilling Canada's deepest oil exploration well off the coast of Newfoundland. Located 430 kms from shore, the Chevron well is twice as deep as BP's Deepwater Horizon well, six times further out to sea, and in much rougher seas. In the event of a blowout, it would take 11 days for emergency response ships to even reach the spill. An oil blowout off the coast of Newfoundland would decimate the world's last remaining Atlantic cod fishery, along with several species of whales, seals, turtles, coral habitats and seabirds that feed in the basin. These rich and fertile seas are the backbone to Newfoundland's tourism industry. An oil spill would create dead zones within the ocean and potentially devastate this economic mainstay that brings in over 1 billion tourist dollars annually.
Canada has entered the race to drill oil in deeper and deeper waters, but safety procedures and cleanup techniques have not kept pace with the petrochemical industry's pursuit of oil. Is it only a matter of time before an oil catastrophe happens in Canada?
Silver market manipulation
Informing the wolrd about the COMEX silver manipulation and the potential of physical silver investing
People must wake up to the reality that the whole monetary system is a ponzi scheme. We need currencies backed by gold and silver and a free market system, not socialism and fascism and all the "isms" which translate to gov't control and corruption. The media forgets that that the bankers in Wallstreet and London couldn't have created this mess without the governments complicity. Even now the government is continuing the treasonous act of bailing out their criminal bankster friends.
People must wake up to the reality that the whole monetary system is a ponzi scheme. We need currencies backed by gold and silver and a free market system, not socialism and fascism and all the "isms" which translate to gov't control and corruption. The media forgets that that the bankers in Wallstreet and London couldn't have created this mess without the governments complicity. Even now the government is continuing the treasonous act of bailing out their criminal bankster friends.
BIS show 87$ billions of paper silver were created in six months!
BIS statistics shock.During Dec 07 -June 08 ,87$ billions of precious metals(excluding gold ) derivatives were created .This is about 10 times the whle COMEX open interest!!!
I am pro-silver and and agree that physical holdings is a must. Obviously the market is somewhat manipulated. However, it is inaccurate to consider this $87B number as a figure representing money that could have been invested in physical silver, it is simply not the same thing. Did you see on the report there is hundreds of billions of otc derivatives in agricultural commodities such as wheat. Is the wheat market manipulated, with hundreds of billions diverted from physical wheat investment?
I am pro-silver and and agree that physical holdings is a must. Obviously the market is somewhat manipulated. However, it is inaccurate to consider this $87B number as a figure representing money that could have been invested in physical silver, it is simply not the same thing. Did you see on the report there is hundreds of billions of otc derivatives in agricultural commodities such as wheat. Is the wheat market manipulated, with hundreds of billions diverted from physical wheat investment?
WHY IS SILVER THE BEST INVESTMENT NOW? Mike Maloney
"...they don't make any money off the gold and silver... they tell you that it's dangerous... don't put any more than 10% in your portfolio as a hedge... what a bunch of crap! Gold was $35 an ounce in 1971... for the DOW to have had the same performance over that period of time it would have to be over 26,000 points." - M. Maloney
GOLD is the money of the KINGS, SILVER is money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
GOLD is the money of the KINGS, SILVER is money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
Silver Shortages Accelerate - Wholesale Supplies Plunge
Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0
http://www.zerohedge.com/article/silv...
Submitted by Tyler Durden on 11/22/2010 10:42 -0500
Is the Kriger/Keiser "Short Squeeze JPM to Oblivion" plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that "as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated." Over the weekend we noted that even at the smaller, retail level, Silver American Eagles sold by the US Mint, have surged to a 2010 high in just the first three weeks of November. Is America now fully intent on ending Jamie Dimon's domination over the precious metal space?
http://www.zerohedge.com/article/silv...
Submitted by Tyler Durden on 11/22/2010 10:42 -0500
Is the Kriger/Keiser "Short Squeeze JPM to Oblivion" plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that "as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated." Over the weekend we noted that even at the smaller, retail level, Silver American Eagles sold by the US Mint, have surged to a 2010 high in just the first three weeks of November. Is America now fully intent on ending Jamie Dimon's domination over the precious metal space?
James Turk and David Morgan on the silver price and CFTC
In this timely video, David Morgan of Silver-Investor.com and James Turk discuss current high silver prices and the CFTC's investigation. Recorded on November 6, 2010.
A massive increase in short position of non-US banks has increased almost 1000% from 614 contracts in July to 6,329 contracts in December + 5,715. This offset the decline in the short position of the US banks over the same period which has reduced from 31,803 contracts to 26,332 contracts (delta -5,471 contracts). Which non-US bank(s) has increased its short position? What is relationship to the US Bank mega-shorts, JPMorgan and HSBC? Adrian Douglas I think we have seen the asian physical bulls (sovereign or not) take control of the market for the most part. Silver has shaken a a bit of it's outright correlation with gold while the GSR is in a major downtrend. QE2 will likely be $1.5 trillion + not including any swaps. QE3 has been mentioned already.
There is no stopping the technical trend without a fundamental change, not considering volatile short term price movement.
Thank you Jim and Thank you David. All the Best.
A massive increase in short position of non-US banks has increased almost 1000% from 614 contracts in July to 6,329 contracts in December + 5,715. This offset the decline in the short position of the US banks over the same period which has reduced from 31,803 contracts to 26,332 contracts (delta -5,471 contracts). Which non-US bank(s) has increased its short position? What is relationship to the US Bank mega-shorts, JPMorgan and HSBC? Adrian Douglas I think we have seen the asian physical bulls (sovereign or not) take control of the market for the most part. Silver has shaken a a bit of it's outright correlation with gold while the GSR is in a major downtrend. QE2 will likely be $1.5 trillion + not including any swaps. QE3 has been mentioned already.
There is no stopping the technical trend without a fundamental change, not considering volatile short term price movement.
Thank you Jim and Thank you David. All the Best.
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