an educated man is unfit to be a slave
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Selwyn, right?... Stay strong, looks like we've just entered a financial catastrophe...
"The End of an Empire Always Comes when its Currency is Destroyed" Ron Paul, 2008
Congress still has the power to audit the central bank.
They also have the power to restore consitutional money.
Unfortunately, the majority of them wipe their ass with the U.S. constitution.
Welcome to a socialistic dictatorship. The bank controls the country, not we the people (or the politicians).
>>> RE: Federal Reserve Act of 1913 <<<
Amschel Mayer Rothschild once said "Permit me to issue and control the money of a nation, and I care not who makes its laws."
***$GOLD $811.60 (+33.90) & $ILVER 11.09 (+.64)***
*Banks/Insurers/Etc. collapsing are long fiat debt and short $GOLD & $ILVER...
78.84 -.21
***MARKET CRASH PREDICTED WELL IN ADVANCE***
*Connections to the Pope, Rome, and Opus Dei?
*Organization of elitist CEO's cashing in checks no later than September 14th, news leaks of insider trading at major firm, and Lehman goes belly up!... wow
*Read reinhardt's comments! - In unrelated news, why was this guy banned off of the google blog's?
http://finance.google.com/group/google.finance.983582/browse_thread/thread/aad550b590f931bf
Doubt it, there's usually huge premiums on jewelry, especially rings...
Search pawn shops or coin dealers in yellow pages to find a local dealer near you... You can always call around ahead to see what prices are at. Being that you know what it's trading at on the market (just under $11 the ounce), you can always negotiate and find the lowest price.
Bailouts Will Push US into Depression: Manager
*off-topic, but check out the date + time this article was released!... This looks like end-game folks, economic terrorism by the global controllers... time to HUNKER DOWN!!!
Bailouts Will Push US into Depression: Manager
By CNBC.com | 11 Sep 2008 | 09:11 AM ET
The end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.
"We expect a depression in the United States. We expect a depression, very possibly, also in Europe," Hennecke said on "Worldwide Exchange."
The estimated $300 billion cost of the Fannie/Freddie bailout will probably be considered as a loss that the government will have to take, therefore passing it on to taxpayers, he explained.
"We already have $3 trillion of debt, as far as the U.S. government is concerned. These debt figures across the U.S. economy are rising very sharply."
When the government can no longer pass the United States' "immense debt" on to taxpayers, it will turn to the holders of U.S. dollars, leading to the eventual downfall of the currency, Hennecke said.
"Definitely, it (the dollar) is not a safe place to be invested in, as real inflation is closer to 10 or 11 percent than the actual inflation numbers given by the U.S. government," Hennecke said on "Worldwide Exchange".
LINK: http://www.cnbc.com/id/26656750/
Dow futures down 351, has anyone ever seen this before? I know I've never seen it down this big the night before trading...
***DOW FUTURES -351, WHAT WILL TOMORROW BRING?***
This is so much worse then what the global banking cartel did to this great country in 1929 with the issuance of debt, at least back then, they didn't have computers where they could add in as many zero's as they wanted!...
http://money.cnn.com/data/premarket/index.html
Lehman Brothers files for bankruptcy
***HUGE BREAKING NEWS!***
Negotiations on Lehman Brothers in New York this weekend included leaders of the Treasury, the Fed and the SEC. (Bloomberg News)
Lehman Brothers files for bankruptcy
Lack of a guarantee deters white knights
Patrice Hill
Monday, September 15, 2008
Wall Street titan Lehman Brothers filed for bankruptcy Sunday after potential buyers Barclays Banks of Britain and Bank of America backed away citing the Treasury's refusal to guarantee Lehman's toxic mortgage portfolio.
In weekend-long negotiations at the Federal Reserve Bank of New York, leaders of the Treasury, the Fed and the Securities and Exchange Commission sought to persuade the two banks, as well as other top Wall Street firms, to step forward and acquire all or part of Lehman to avoid a major downturn that could be triggered by a Lehman collapse when stock and credit markets reopen Monday.
With no takers, the once-powerful Lehman appeared likely to have to file for bankruptcy after 158 years in business, possibly as early as Sunday night. In anticipation of that happening, Wall Street firms conducted an unusual Sunday trading session in the $62 trillion credit-derivatives market to try to unwind sensitive credit-insurance deals backed by Lehman and forestall a potentially monumental crunch in the credit market on Monday.
Securities and Exchange Commission Chairman Christopher Cox said customers of the brokerage are protected from losses on their investment accounts under a federal insurance program. He urged any investors requiring help retrieving their money to contact the SEC.
"For several days, we have worked closely with regulators around the world, including to coordinate our actions in the interest of orderly markets," he said. "We are committed to [reducing] the potential for dislocations from recent events, and to maintain the smooth functioning of the financial markets."
The Fed also made an adjustment in its loan program for Wall Street firms to accommodate Lehman and other investment banks that are struggling to cope with mounting credit losses. It said it would accept lower-quality loans and mortgages as collateral on the loans. Previously, the Fed would accept only the highest-rated securities in exchange for the loans.
The federal involvement appeared minimal, aimed mostly at facilitating the liquidation of Lehman. Federal officials and Wall Street leaders were at loggerheads all weekend over the critical issue of government involvement in the transactions. Treasury Secretary Henry M. Paulson Jr. was adamantly against providing any guarantees on Lehman's money-losing assets like the guarantee the Fed provided on $29 billion of Bear Stearns mortgages in March to facilitate Bear's takeover by J.P. Morgan.
But Wall Street executives had little reason to put their own scarce capital into saving a competitor or backing its bad loans. In addition, political and financial leaders have been calling on the Treasury to draw the line and let the Lehman investment house fail to prevent any further unnecessary losses for taxpayers after the Treasury's massive bailout of Fannie Mae and Freddie Mac only a week ago.
Former Federal Reserve Chairman Alan Greenspan told ABC's "This Week" Sunday that not all major financial institutions can be saved and some are certain to fail in what he said may be the biggest credit crisis in a century.
"This is a once in a half-century, probably once in a century type of event," he said. "We shouldn't try to protect every single institution. The ordinary cost of financial change has winners and losers.
"What they are trying to do with Lehman is find a way in which there is no government money involved in this particular set of negotiations," he said. "If they can't, they have to make a very key decision as to whether they allow it to liquidate or support it."
Mr. Greenspan said the government should do what it can to ensure Lehman's failure is orderly and does not cause great turmoil to financial markets.
"There are certain types of institutions which are so fundamental to the functioning of the movement of savings into real investments in an economy that on very rare occasions, and this is one of them, it's desirable to prevent them from liquidating in a sharply disruptive manner," he said.
Public opinion has come out strongly against another massive bailout only days after the government took responsibility for Fannie's and Freddie's gigantic debts.
Democratic presidential candidate Sen. Barack Obama said he is opposed to any government intervention to save Lehman and advocates a private-sector solution. Republican presidential candidate Sen. John McCain has not taken a public position on the Lehman matter.
In the clearest sign that Lehman is headed for the bankruptcy courts in what would be the biggest Wall Street financial failure in decades, the International Swaps and Derivatives Association called for a special session Sunday to try to purge the intricately interconnected credit-default swaps market of insurance deals that would become worthless if Lehman goes bankrupt.
"The purpose of this session is to reduce risk associated with a potential Lehman Brothers Holding Inc. bankruptcy," the association said. But should bankruptcy be avoided, it added, any deals done during the Sunday session would "cease to exist."
How the markets would react to Lehman's failure is the subject of much debate. Most analysts feared it could cause a major disruption in the credit-insurance market, which is the reason behind Sunday's special session.
Because the government failed to provide any financial backing for Lehman, the broader stock and credit markets also may react negatively. The one certain thing is that Lehman's own stock will plummet, erasing what little value it had at the end of trading on Friday, when it closed at $3.65 a share.
One loose end from the fruitless weekend negotiations was the fate of an estimated $85 billion in bad loans Lehman has on its books. The company sought to separate those out and sell them, but found no buyers, and the government was unwilling to make them more salable by providing a guarantee.
Some analysts fear that if the loan portfolios are sold at fire-sale prices in bankruptcy proceedings, that will lead to further steep write-downs of similar loans on the books of nearly every other U.S. bank and financial institution, possibly triggering another round of deep losses and bank failures.
But many other Wall Street analysts have concluded that a Lehman bankruptcy can be absorbed by the financial system without great damage.
"Six months after Bear, regulators should have ensured that a smallish investment bank could go under without systemic damage," said Richard Beales, analyst at BreakingViews.com. "If Hank Paulson and company feels the need to step in, it suggests that years of deregulation have locked in a government backstop for Wall Street's risk-taking."
"Lehman has a negative net worth," said Peter Morici, business professor at the University of Maryland. "Most other banks need all the cash they have to cover their own bad securities, and any money they put into a crippled holding company would likely just be lost.
"It is time to toss in the towel on Lehman, unwind the counterparty trades and march it through Chapter 7," he said.
LINK: http://www.washingtontimes.com/news/2008/sep/15/lehman-files-for-bankruptcy/
Lehman Brothers files for bankruptcy
***HUGE BREAKING NEWS!***
Negotiations on Lehman Brothers in New York this weekend included leaders of the Treasury, the Fed and the SEC. (Bloomberg News)
Lehman Brothers files for bankruptcy
Lack of a guarantee deters white knights
Patrice Hill
Monday, September 15, 2008
Wall Street titan Lehman Brothers filed for bankruptcy Sunday after potential buyers Barclays Banks of Britain and Bank of America backed away citing the Treasury's refusal to guarantee Lehman's toxic mortgage portfolio.
In weekend-long negotiations at the Federal Reserve Bank of New York, leaders of the Treasury, the Fed and the Securities and Exchange Commission sought to persuade the two banks, as well as other top Wall Street firms, to step forward and acquire all or part of Lehman to avoid a major downturn that could be triggered by a Lehman collapse when stock and credit markets reopen Monday.
With no takers, the once-powerful Lehman appeared likely to have to file for bankruptcy after 158 years in business, possibly as early as Sunday night. In anticipation of that happening, Wall Street firms conducted an unusual Sunday trading session in the $62 trillion credit-derivatives market to try to unwind sensitive credit-insurance deals backed by Lehman and forestall a potentially monumental crunch in the credit market on Monday.
Securities and Exchange Commission Chairman Christopher Cox said customers of the brokerage are protected from losses on their investment accounts under a federal insurance program. He urged any investors requiring help retrieving their money to contact the SEC.
"For several days, we have worked closely with regulators around the world, including to coordinate our actions in the interest of orderly markets," he said. "We are committed to [reducing] the potential for dislocations from recent events, and to maintain the smooth functioning of the financial markets."
The Fed also made an adjustment in its loan program for Wall Street firms to accommodate Lehman and other investment banks that are struggling to cope with mounting credit losses. It said it would accept lower-quality loans and mortgages as collateral on the loans. Previously, the Fed would accept only the highest-rated securities in exchange for the loans.
The federal involvement appeared minimal, aimed mostly at facilitating the liquidation of Lehman. Federal officials and Wall Street leaders were at loggerheads all weekend over the critical issue of government involvement in the transactions. Treasury Secretary Henry M. Paulson Jr. was adamantly against providing any guarantees on Lehman's money-losing assets like the guarantee the Fed provided on $29 billion of Bear Stearns mortgages in March to facilitate Bear's takeover by J.P. Morgan.
But Wall Street executives had little reason to put their own scarce capital into saving a competitor or backing its bad loans. In addition, political and financial leaders have been calling on the Treasury to draw the line and let the Lehman investment house fail to prevent any further unnecessary losses for taxpayers after the Treasury's massive bailout of Fannie Mae and Freddie Mac only a week ago.
Former Federal Reserve Chairman Alan Greenspan told ABC's "This Week" Sunday that not all major financial institutions can be saved and some are certain to fail in what he said may be the biggest credit crisis in a century.
"This is a once in a half-century, probably once in a century type of event," he said. "We shouldn't try to protect every single institution. The ordinary cost of financial change has winners and losers.
"What they are trying to do with Lehman is find a way in which there is no government money involved in this particular set of negotiations," he said. "If they can't, they have to make a very key decision as to whether they allow it to liquidate or support it."
Mr. Greenspan said the government should do what it can to ensure Lehman's failure is orderly and does not cause great turmoil to financial markets.
"There are certain types of institutions which are so fundamental to the functioning of the movement of savings into real investments in an economy that on very rare occasions, and this is one of them, it's desirable to prevent them from liquidating in a sharply disruptive manner," he said.
Public opinion has come out strongly against another massive bailout only days after the government took responsibility for Fannie's and Freddie's gigantic debts.
Democratic presidential candidate Sen. Barack Obama said he is opposed to any government intervention to save Lehman and advocates a private-sector solution. Republican presidential candidate Sen. John McCain has not taken a public position on the Lehman matter.
In the clearest sign that Lehman is headed for the bankruptcy courts in what would be the biggest Wall Street financial failure in decades, the International Swaps and Derivatives Association called for a special session Sunday to try to purge the intricately interconnected credit-default swaps market of insurance deals that would become worthless if Lehman goes bankrupt.
"The purpose of this session is to reduce risk associated with a potential Lehman Brothers Holding Inc. bankruptcy," the association said. But should bankruptcy be avoided, it added, any deals done during the Sunday session would "cease to exist."
How the markets would react to Lehman's failure is the subject of much debate. Most analysts feared it could cause a major disruption in the credit-insurance market, which is the reason behind Sunday's special session.
Because the government failed to provide any financial backing for Lehman, the broader stock and credit markets also may react negatively. The one certain thing is that Lehman's own stock will plummet, erasing what little value it had at the end of trading on Friday, when it closed at $3.65 a share.
One loose end from the fruitless weekend negotiations was the fate of an estimated $85 billion in bad loans Lehman has on its books. The company sought to separate those out and sell them, but found no buyers, and the government was unwilling to make them more salable by providing a guarantee.
Some analysts fear that if the loan portfolios are sold at fire-sale prices in bankruptcy proceedings, that will lead to further steep write-downs of similar loans on the books of nearly every other U.S. bank and financial institution, possibly triggering another round of deep losses and bank failures.
But many other Wall Street analysts have concluded that a Lehman bankruptcy can be absorbed by the financial system without great damage.
"Six months after Bear, regulators should have ensured that a smallish investment bank could go under without systemic damage," said Richard Beales, analyst at BreakingViews.com. "If Hank Paulson and company feels the need to step in, it suggests that years of deregulation have locked in a government backstop for Wall Street's risk-taking."
"Lehman has a negative net worth," said Peter Morici, business professor at the University of Maryland. "Most other banks need all the cash they have to cover their own bad securities, and any money they put into a crippled holding company would likely just be lost.
"It is time to toss in the towel on Lehman, unwind the counterparty trades and march it through Chapter 7," he said.
LINK: http://www.washingtontimes.com/news/2008/sep/15/lehman-files-for-bankruptcy/
Yes, get it as cheap as you can. The best buy is probably the "junk silver" - the pre-1964 U.S. 90% silver coins. Cause the premiums on the silver american eagles is sky-high right now which proves to me that this drop was highly manipulated by the same banks currently on the brink of collapse...
Please put me down with New England, thanks alot!
Nice hammer today gentlemen:
CDE $1.80 (+.06)
HI-HO SILVER !!!
Might see $5 at this rate!
Check this out bro, you get what I'm saying with the projection (below)?
Hey guys, hope you all are enjoying your Labor day weeekends. There's a high pressure that is going to slow it down regardless of where it hits. The irony of it all, is these are right where all the oil rigs are!
HI-HO SILVER !!!
***Just yesterday, this was projected to hit Florida and go out to sea... this is a crazy projection, just what we need for the Labor Day Holiday, unbelievable!
HI-HO SILVER !!!
Hey frenchee,
Not many stocks are looking attractive here.
The safest bet to me is inflation-adjusted bonds.
I like (physical) silver a whole lot, especially with the recent dip, even though dealers don't seem to be lowering their prices just as much. Silver stocks to keep an eye on include CDE, SSRI, and SIL among others.
Palladium now under $300 seems like a really great buy as well. With PAL & SWC back near longer-term support levels, they could be worth a look.
The market looks like it's in trouble to me, with that said, any stocks must be able to hold up when the Dow breaks 11,000 and even 10,000...
Home prices fall 7.6 percent from year-ago: report
*2008 is on pace to post the largest statistical drop in our countries' history! At least since statistics have been kept on it!!! The amount of money being lost is by far and unquestionably the biggest, trillions vanishing!!!
Home prices fall 7.6 percent from year-ago: report
Thu Aug 14, 2008 10:22am EDT
WASHINGTON (Reuters) - The value of existing U.S. single-family homes in metro areas fell 7.6 percent in the second quarter compared with the same period in 2007 with homes in the West tumbling 17.4 percent, the National Association of Realtors said on Thursday.
The quarterly survey of metro region prices also showed that prices fell in 115 of 150 metropolitan areas with several California cities seeing deep, double-digit drops in prices.
A metro region including parts of Los Angeles and Long Beach saw home price declines of 29.5 percent while Riverside-San Bernadino measured a 32.7 percent drop from the year-ago quarter.
Several Florida regions that saw big price gains during the recent housing boom have fallen sharply with the Gulf Coast city of Ft. Myers clocking a 33.1 percent drop in values. Tampa-St. Petersburg saw prices decline 18.8 percent in the second quarter.
The trade association said that about one-third of home transactions are distress sales that either take place through foreclosure or 'short sales' where the holder of the mortgage agrees to take a loss.
(Reporting by Patrick Rucker; Editing by Tom Hals)
LINK: http://www.reuters.com/article/ousiv/idUSWEQ00010120080814
HI-HO SILVER !!!
***$GOLD $794.70 (-11.30) & $ILVER $12.79 (-1.35)***
USD Index 76.84 (+.03)
*This $GOLD & $ILVER drop is incredible!!! Happening in August, is this a tall-tale sign of future orchestration within the global economy of all the globally-tied and PRIVATELY-owned central banks? Orchestrating the Great Depression Part Duex has always brought up a good debate within the inner circles of the all-seeing eye of the global hierarchy. Some have argued against it, others 100% in favor of it!
*Based on what $GOLD & $ILVER have done thus far in 2008, the 2 sides are certainly beefing. In the end, their stranglehold on the innovation of mankind will come to a screeching halt as their cannibalistic mentality will ultimately be their downfall!
*Why are dealers not lowering their asking price by the same amount that $GOLD & $ILVER are falling!?!?!?
*Why are their more stores buying $GOLD & $ILVER now, even going as far as to advertise and open up their own store within a large public mall?
*Why are their commercials attempting to brainwash the retired community to send all their "unused" $GOLD jewelry in for cash?
*Think people... think!
*Why is the "average" corporate raise more closer to 3% then it is to the "government's" reported 17-year high inflation rate of 5.6%? We tend to round numbers up, it's very troubling when the "true" inflation rate more than twice exceeds the average employee's raise in corporate America! This means there is a war against 'middle-class' & hard-working Americans folks!
They say you can put a frog in a pot that slowly starts boiling and they won't notice, has America yet noticed what is taking place around them? Have they? Home prices drop basically 8% and inflation goes up 6%. Do people even know the consequences of this trend continuing?
This is serious, very serious...
HI-HO SILVER !!!
My, how the mighty have fallen, judging by the recent volume, shorts (market makers) are covering here imo.
Hi Len, you sure I have ZYXI? I think you mistaken me for the guy below me, FRANKVALUE >>>
HI-HO SILVER !!!
Wow you really added some color to the board, great post!!! Got any other clever insight for us???
*CDE is another one, reeks of straight manipulation to panic retail holders, buy when there's blood in the streets!!!
$1.69 low of the day... wow!>>>
Nice gap-fill higher towards $2.50 => Ez-money...
HI-HO SILVER !!!
*Enjoy your glory, we all remember DKAM when you brought it at $3, it's at 30 cents now... with that said, I thought you had a reputation to uphold!
***$GOLD $823.50 (-32.00) & $ILVER $14.66 (-.61)***
*Despite $ILVER's near $3 drop over the past week, the price that $ILVER American Eagles is selling for has not budged as noticably. This is the "panic" dip due to a dollar/Dow rally that must be bought with conviction! While the charts look like a breakdown due to the support at roughly $16.50 folding, it is not, just further manipulation with massively-printed fiat. We will see $ILVER at all-time record highs in this generation above $50. Buy the panic, and buy even more when blood are in the streets... and that's what the $ILVER market seems to be headed near.
USD Index at 76.13 (+.07) - Bear market rally!
Bush administration projects record 2009 deficit
*$GOLD & $ILVER have never looked more attractive! This is the most LIBERAL spending administration ever in the WORLD!!! The real shame of it is, most of the money isn't even being spent at home but OVERSEA'S! Isn't it expensive to shove their version of "democracy" down the throats of the rest of the world!?!?!? Especially as our freedoms at home erode, not only from a failing economy eating away at the middle class but corrupt legislature as well!
Bush administration projects record 2009 deficit
Monday July 28, 12:13 pm ET
By Andrew Taylor, Associated Press Writer
Government officials: 2009 deficit will reach $482 billion, record driven by economy sag
WASHINGTON (AP) -- The next president will inherit a record budget deficit of $482 billion, according to a new Bush administration estimate.
A Bush administration official said the deficit was being driven to an all-time high by the sagging economy and the stimulus payments being made to 130 million households in an effort to keep the country from falling into a deep recession. A $482 billion deficit approaching billion would easily surpass the record deficit of $413 billion set in 2004.
Government officials confirmed the $482 billion figure Monday on condition of anonymity because the new estimate had not been formally released. Administration officials were scheduled to do that at a news conference later in the day.
The new figure actually underestimates the deficit, since it leaves out about $80 billion in war costs. In a break from tradition -- and in violation of new mandates from Congress -- the White House did not include its full estimate of war costs.
White House press secretary Dana Perino had no comment on the new deficit number. But she told reporters that the White House and lawmakers acknowledged months ago that they were going to increase the deficit by approving a short-term boost for the slumping economy.
"Both parties recognized that the deficit would increase, and that that was going to be the price that we pay," Perino said.
In fact, the White House had included cost estimates for an economic stimulus bill in its earlier projections, so the new figures represent a considerable deterioration in the government's fiscal health.
The White House had predicted in February that next year's deficit at $407 billion, which puts the increase in the projections since at $72 billion.
Figures for the 2008 budget year ending Sept. 30 will actually drop from an earlier projection of $410 billion to $389 billion, the officials said.
The numbers represent about 3 percent of the size of the economy, which is the deficit measure seen as most relevant by economists. That's considerably smaller than the deficits of the 1980s and early 1990s, when Congress and earlier administrations cobbled together politically painful deficit-reduction packages.
Still, the new figures are so eye-popping in dollar terms that it may restrain the appetite of the next president to add to it with expensive spending programs or new tax cuts. In fact, pressure may build to allow some tax cuts enacted in 2001 and 2003 to expire as scheduled at the end of 2010, with Congress also feeling pressure to curb spending growth.
The deficit for 2007 totaled $161.5 billion, which represented the lowest amount of red ink since an imbalance of $159 billion in 2002. The 2002 performance marked the first budget deficit after four consecutive years of budget surpluses.
That stretch of budget surpluses represented a period when the country's finances had been bolstered by a 10-year period of uninterrupted economic growth, the longest period of expansion in U.S. history.
In his first year in office, helped considerably by projections of continuing surpluses, Bush drove through a 10-year, $1.35 trillion package of tax cuts.
However, the country fell into a recession in March 2001 and government spending to fight the war on terrorism contributed to pushing the deficit to a record in dollar terms in 2004.
House Budget Committee Chairman John Spratt, D-S.C., said the $490 billion figure confirms "the dismal legacy of the Bush administration: under its policies, the largest surpluses in history have been converted into the largest deficits in history."
The figures to be released later will paint a picture of the financial health of the government that President Bush's successor will inherit, as well as updated predictions of the health of the economy.
White House budget director Jim Nussle and Edward Lazear, chairman of the president's Council of Economic Advisors, were scheduled to release the administration's updated forecasts at an early afternoon news conference.
LINK: http://biz.yahoo.com/ap/080728/budget_deficit.html
***$GOLD $930.10 (+1.70) & $ILVER $17.37 (+.03)***
*Bankrupt USD Index at 72.63, -.25
*I like $ILVER very much here on dips from now on, it could very well be on its way right to $35-$50 once $20 goes, especially with the way the economy and the dollar look right now, not just in our country but globally!
HI-HO SILVER !!!
***$GOLD $920.40 (-6.10) & $ILVER $17.11 (-.30)***
*Time to buy this dip with open arms, this could be the great last dip before a tremendous upsurge that will leave many on the sidelines and keep the rest offguard!>>>
***BANKRUPT USD INDEX - 72.83 (+.01)***
HI-HO SILVER !!!
***$GOLD $924.60 (+$5) & $ILVER $17.45 (+.$09)***
***$PALLADIUM $385 (+$4)
Buy $GOLD $925 and have the opportunity to sell it later on at $1345.
Impeachment hearings start on Bush jr Friday. This is a rallying call for the U.S. constitution to be upheld to its fullest.
Rally behind Article I Section 10 and restore constitutional currency in which we hold the value too.
Not illegal "Lord Rothschild" banking institutions set to control populations.
We are not their slave as much as they want us to be.
$ILVER $ALE, get all the U.S. American Eagles you can for under $19.98 a piece!!!
If $GOLD & $ILVER were valued based on how many Federal Reserve Notes they have flooded not only the United States of America with but the entire world, $GOLD & $ILVER would be at prices many can't even fathom!
Just seen a story about couple who claims Wachovia Bank gave them fraudulent money!!!
This is REDICULOUS FOLKS!!!
***WHY DID A REPRESENTATIVE FOR A MAJOR "CURRENCY" TRADER HANG UP ON ME WHEN I ASKED IF THEY TRADED CURRENCIES AGAINST $GOLD!? AT THE TIME, $GOLD WAS MUCH LOWER, MAYBE $500 THE OUNCE!!!***
***BANKRUPT USD INDEX AT 72.78 (-.02)***
HI-HO SILVER !!!
Category 2 Hurricane Dolly
*Looks like it's about to make landfall at 100 MPH/Category 2... right above Brownsville, TX
Category 2 Hurricane Dolly
Tim Ballisty, Meteorologist, The Weather Channel
1:00 p.m. ET 7/23/2008
As landfall nears, Hurricane Dolly has strengthened and is now packing maximum sustained winds of 100 mph; a category two hurricane.
With its slow movement over the Gulf of Mexico, the center of Hurricane Dolly remains just barely offshore allowing it to further intensify this morning. The center of Dolly's eyewall is expected to make landfall north of S. Padre Island this afternoon however the western eyewall is currently punishing the South Texas coastline.
As of 10 a.m. CDT, the center of Hurricane Dolly was located about 30 miles east-northeast of Brownsville, Texas. Dolly has slowed even more; moving to the northwest at just 7 mph. The storm's pressure, measured by the Air Force Reserve Hurricane Hunter reconnaissance plane, has now fallen to 964 mb.
Nasty squalls of tropical downpours, tropical storm-force sustained winds, and hurricane-force gusts from Hurricane Dolly are now rotating onshore along the far South Texas coastline. Conditions will only continue to deteriorate through the afternoon as Dolly's center of circulation approaches.
Locations along the immediate coast such as Port Mansfield, Laguna Vista, Arroyo City, South Padre Island, and Port Isabel are all taking a pounding. Other cities such as Brownsville, Harlingen, and Raymondville are also feeling the wrath of Dolly. All power is reported out on S. Padre Island while power lines and power poles are down in Brownsville, Harlingen, and Port Isabel.
A 72 mph wind gust was measured earlier this morning at Port Isabel, Texas. An unofficial observer east of Matamoros, Mexico recorded winds of 65 mph with gusts to 119 mph. Brownsville record a gust of 67 mph around 12 noon CT.
Waves are growing in height (generally 10 to 20 feet) as Dolly churns just offshore; crashing and punishing the shoreline. Because of Dolly's stubborn movement, severe beach erosion is becoming a major concern.
The expected storm surge, from Corpus Christi south to South Padre Island, is forecast to range from 3 to 5 feet.
The intense winds of Dolly will be damaging and in some cases destructive. Power outages and structural damage are likely especially for poorly-constructed houses and buildings. In fact, power outages are already occurring. However, because of the very slow forward movement of Dolly, it is quite possible that the most life-threatening impact from Dolly will eventually be the flooding rainfall.
Forecast amounts are expected to be in the 6 to 12 inch range in locations south of Corpus Christi through Brownsville and into northern Mexico. A few spots, especially in the northern Mexican mountains, could get as much as 15 inches. Flooding is almost a guarantee for several locations impacted by Dolly. The estimated 24-hour rainfall for extreme South Texas is already nearing 6 inches.
Hurricane warnings are in effect from Rio San Fernando in Mexico northward to Corpus Christi, Texas. Tropical storm warnings surround the hurricane warning area, with tropical storm warnings in effect in Mexico between Le Pesca and Rio San Fernando (where a hurricane watch is also in effect), and between Corpus Christi and Port O'Connor, Texas.
If you live in or are visiting a beach area of south Texas, heed the advice of local officials with regard to evacuations. Preparations for tropical storm force and hurricane force winds along with flooding rains should already be complete.
Elsewhere in the Atlantic, a well-developed tropical low, that emerged from the African coast just east of the Cape Verde Islands, is being monitored. The low has the potential for further development as it moves westward over the next couple of days.
Cristobal has become extratropical and weakening in the north Atlantic.
In the eastern Pacific, Tropical Storm Genevieve has maximum sustained winds of 65 mph. Genevieve is located 415 miles southwest of Manzanillo, Mexico, and is expected to very gradually strengthen today as it moves to the west. It may reach minimal hurricane strength later today orThursday as it churns just south of cooler water churned up by former Hurricane Fausto. For the latest on the tropics, stay tuned to The Weather Channel or view updates here on weather.com.
LINK: http://www.weather.com/newscenter/hurricanecentral/update/index.html
Tropical Storm Dolly Slowly Moves Over Mexico's Yucatan Peninsula
Tropical Storm Dolly Slowly Moves Over Mexico's Yucatan Peninsula
By Diane Smith
15:44, July 21st 2008
A tropical storm warning was issued and is still in effect as Tropical Storm Dolly moved over Mexico's Yucatan Peninsula.
Authorities in towns and cities from the Mexico-Belize border northward to the city of Campeche, on the opposite side of the Yucatan Peninsula, are on their toes as they expect the tropical storm to hit the area. The tourist resort of Cancun is also under alert.
According to expert meteorologists, the tropical Storm Dolly it’s on its way towards the Gulf of Mexico where it could become a hurricane on Tuesday, U.S. National Hurricane Center informed.
Meteorologists forecasted that Dolly will march across the southwestern Gulf and hit the South Texas coast near the Mexico border in about three days. Monitors showed that Dolly was moving northwest at nearly 15 miles per hour and is expected to turn to the west-northwest today. The storm’s maximum sustained winds were of about 50 mph with higher gusts. Forecasts show that Dolly will most likely gather additional strength when its center moves into the Mexican Gulf.
Dolly was about 150 miles (240 kilometers) east of Progreso, Mexico, at about 5 a.m. ET today (Monday). The tropical storm could turn into a hurricane according to the hurricane center.
The National Hurricane Center also issued advisories regarding the Tropical Storm Cristobal which is currently about 30 miles east of Cape Hatteras, North Carolina. However, it appears that Cristobal is turning away from land. Storm warnings issued for the North Carolina coast were lifted Sunday night. The Atlantic hurricane season began June 1 and ends in November.
LINK: http://www.efluxmedia.com/news_Tropical_Storm_Dolly_Slowly_Moves_Over_Mexicos_Yucatan_Peninsula_20681.html
***Cheers to that, have a good weekend!
*Now we need a President like Thomas Jefferson or Andrew Jackson, someone with the courage to get rid of the bank that is looting our country...
By the way, people are receptive if you tell them the history of the Fed and what they have done, how to get rid of them, and without them we were the most prosperous nation in the world. With them, we are another banana republic.
HI-HO SILVER !!!
*I'm glad you understand that, don't be shy, tell your friends.
Active tropics
*I'm keeping an eye on that low pressure below Haiti:
Active tropics
M. Ressler, Lead Meteorologist, The Weather Channel
11:20 a.m. ET 7/18/2008
An area of low pressure, nearly stationary just off the Georgia Coast, will continue to be monitored. Most of the heavy rain is on the east side of the circulation. Environmental conditions will slowly become more favorable for this to become a tropical depression, assuming it is able to remain over open waters while drifting slowly north and northeast.
Regardless of tropical development, this low pressure will produced numerous thunderstorms around northeast Florida, southeast Georgia, and the eastern Carolinas. Flash flood watches have been posted for the coastal counties of Georgia and South Carolina.
Heavy downpours, along with onshore flow and high astronomical tides could also bring costal flooding to parts of the area, including areas such as Savannah, Georgia and Charleston, South Carolina.
Elsewhere in the Atlantic basin, two other areas continue to be monitored.
Tropical Storm Bertha, over 700 miles northeast of Bermuda, was beginning to accelerate off to the northeast. Bertha will transition into a strong extra-tropical North Atlantic storm but remains no threat to land.
An area of low pressure over the south-central Caribbean continues to bring squally weather to the area while moving west-northwest. Upper-level winds are forecast to become more favorable for tropical development, and this could become a tropical depression by tonight. As the system moves toward the Yucatan over the next 3 days, the rain threat will increase for Jamaica and the Cayman Islands.
A broad area of low pressure in the western Caribbean has moved inland over Central America, bringing squally weather and possible flooding and mudslides to Panama, Nicaragua and Honduras. Given the low is now inland, tropical development is not likely.
Meanwhile, in the eastern Pacific Basin, Elida has been downgraded to a tropical storm and was located about 1200 miles west-southwest of Cabo San Lucas, continues to move west and weaken; it is of no threat to land.
Hurricane Fausto (75 mph), close to 500 miles southwest of Manzanillo, Mexico, is moving west-northwest away from the west coast of Mexico. Fausto will continue to strengthen over the next 2 days before cooler waters begin the weakening process. Its only impact to the western Mexico Coast will be 12-to-18-foot high surf.
LINK: http://www.weather.com/newscenter/hurricanecentral/update/index.html?from=hp_news
Rain turned off for 'perfect weather' Beijing Olympics
*Read this, for all the skeptics who believe it's 100% mother nature...
Rain turned off for 'perfect weather' Beijing Olympics
by Ben English | July 17, 2008 09:04am
They already have done all they can to control humans at the Games. Now China's Olympics organisers have turned their attention to the weather.
Scientists are primed to launch rockets to stop it raining on the opening ceremony parade on August 8.
"Meteorological departments will consult the Beijing municipal government whether or not to change the city's weather, should there be any unfavourable weather on August 8," China's Meteorological Administration vice director Chen Zhenlin said.
Mr Chen said meteorologists have planned possible weather changes since 2003, especially on reducing rainfall but admitted the technology has limitations.
"Artificial weather modification could be useful when a drizzle occurs," he said.
"But in case of a heavy rainfall, no one ca n help."
That is by no means unlikely.
August in Beijing is among the wettest months, typically about 180mm of rain and a downpour every three days.
China leads the world in "weather modification" - particularly in the practice of cloud-seeding.
That involves shooting various chemicals, including silver iodide, salts and dry ice, into clouds.
They spawn larger raindrops, sparking a downpour.
Chinese scientists, however, are convinced they have perfected a method that cuts the size of raindrops, postponing showers until they move on.
China's Bureau of Weather Modification is a sprawling department with enough arsenal to put our army to shame: 30 aircraft, 4110 rocket launchers and 6781 anti-aircraft guns.
China's anti-algae army, meanwhile, finally has cleared the Olympic sailing venue of a foul-smelling weed.
"The sailing event, which will be held in more than 20 days, will not be threatened by the algae," sailing committee vice president Wang Wei said.
More than one million tonne of bright green algae has been cleared after it invaded the Qiangdao coast last month.
It covered 32 per cent of the sailing venue at its peak.
LINK: http://www.foxsports.com.au/beijing_olympics/story/0,27313,24033489-5014107,00.html