OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.


Posted by goldielocks @ 23:47 on March 4, 2015  

I have to agree on children having at least some basic teaching in religion. If for anything false profits. However religion has harmed people through time as it has been its own politics in past times that can suppress human rights and freedoms of choice and start wars.
I’m actuality the framers slight to separate religion from government for those reasons.
It appears under the idea absolute power corrupts.
To teach children to respect the basic rights of others separate from their personal beliefs and what our constitution demands. Of all who choose to live here. To not just take what they say on blind faith but to question things. That if they try to suppress that it is a red flag.
“The legitimate powers of government extend to such acts only as are injurious to others. It does me no injury for my neighbor to say there are twenty gods or no god. It neither picks my pocket nor breaks my leg.”
― Thomas Jefferson
I never considered a difference of opinion in politics, religion, in philosophy, as a cause from withdrawing from a friend. Thomas Jefferson
“Our civil rights have no dependence on our religious opinions any more than our opinions in physics or geometry…”
― Thomas Jefferson, The Statute Of Virginia For Religious Freedom
“Difference of opinion is advantageous in religion. The several sects perform the office of a Censor morum over each other. Is uniformity attainable? Millions of innocent men, women, and children, since the introduction of Christianity, have been burnt, tortured, fined, imprisoned; yet we have not advanced one inch towards uniformity. What has been the effect of coercion? To make one half the world fools, and the other half hypocrites. To support roguery and error all over the earth. Let us reflect that it is inhabited by a thousand millions of people. That these profess probably a thousand different systems of religion. That ours is but one of that thousand. That if there be but one right, and ours that one, we should wish to see the 999 wandering sects gathered into the fold of truth. But against such a majority we cannot effect this by force. Reason and persuasion are the only practicable instruments. To make way for these, free enquiry must be indulged; and how can we wish others to indulge it while we refuse it ourselves?”
― Thomas Jefferson, Notes on the State of Virginia

( They can use religion as a tool against those rebelling against wars, taxes, suppression, against others that did us no harm, injustice or inhumanity to those with differences in opinion or have something they want.)

“We took the liberty to make some enquiries concerning the ground of their pretensions to make war upon nations who had done them no injury, and observed that we considered all mankind as our friends who had done us no wrong, nor had given us any provocation.

The Ambassador [of Tripoli] answered us that it was founded on the Laws of their Prophet, that it was written in their Koran, that all nations who should not have acknowledged their authority were sinners, that it was their right and duty to make war upon them wherever they could be found, and to make slaves of all they could take as Prisoners, and that every Musselman who should be slain in battle was sure to go to Paradise.

{Letter from the commissioners, John Adams & Thomas Jefferson, to John Jay, 28 March 1786}”

Taking things in literal form blindly ignoring logic.

Religion. Your reason is now mature enough to examine this object. In the first place, divest yourself of all bias in favor of novelty & singularity of opinion… shake off all the fears & servile prejudices, under which weak minds are servilely crouched. Fix reason firmly in her seat, and call to her tribunal every fact, every opinion. Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason, than that of blindfolded fear. You will naturally examine first, the religion of your own country. Read the Bible, then as you would read Livy or Tacitus. The facts which are within the ordinary course of nature, you will believe on the authority of the writer, as you do those of the same kind in Livy and Tacitus. The testimony of the writer weighs in their favor, in one scale, and their not being against the laws of nature, does not weigh against them. But those facts in the Bible which contradict the laws of nature, must be examined with more care, and under a variety of faces. Here you must recur to the pretensions of the writer to inspiration from God. Examine upon what evidence his pretensions are founded, and whether that evidence is so strong, as that its falsehood would be more improbable than a change in the laws of nature, in the case he relates. For example in the book of Joshua we are told the sun stood still several hours. Were we to read that fact in Livy or Tacitus we should class it with their showers of blood, speaking of statues, beasts, &c. But it is said that the writer of that book was inspired. Examine therefore candidly what evidence there is of his having been inspired. The pretension is entitled to your inquiry, because millions believe it. On the other hand you are astronomer enough to know how contrary it is to the law of nature that a body revolving on its axis as the earth does, should have stopped, should not by that sudden stoppage have prostrated animals, trees, buildings, and should after a certain time have resumed its revolution, & that without a second general prostration. Is this arrest of the earth’s motion, or the evidence which affirms it, most within the law of probabilities? You will next read the New Testament. It is the history of a personage called Jesus. Keep in your eye the opposite pretensions: 1, of those who say he was begotten by God, born of a virgin, suspended & reversed the laws of nature at will, & ascended bodily into heaven; and 2, of those who say he was a man of illegitimate birth, of a benevolent heart, enthusiastic mind, who set out without pretensions to divinity, ended in believing them, and was punished capitally for sedition, by being gibbeted, according to the Roman law, which punished the first commission of that offence by whipping, & the second by exile, or death in fureâ.

…Do not be frightened from this inquiry by any fear of its consequences. If it ends in a belief that there is no God, you will find incitements to virtue in the comfort and pleasantness you feel in its exercise, and the love of others which it will procure you… In fine, I repeat, you must lay aside all prejudice on both sides, and neither believe nor reject anything, because any other persons, or description of persons, have rejected or believed it… I forgot to observe, when speaking of the New Testament, that you should read all the histories of Christ, as well of those whom a council of ecclesiastics have decided for us, to be Pseudo-evangelists, as those they named Evangelists. Because these Pseudo-evangelists pretended to inspiration, as much as the others, and you are to judge their pretensions by your own reason, and not by the reason of those ecclesiastics. Most of these are lost…

[Letter to his nephew, Peter Carr, advising him in matters of religion, 1787]”
― Thomas Jefferson, Letters of Thomas Jefferson

One of the smartest man I never met.

Your comment on how we would feel if Russians started patrolling the borders of Mexico concerning Ukraine.
We are not annexing Mexico which I’ve been told they want their warm water ports.
In fact we should be sending troops there instead it is Mexico that is annexing us and they are using the weakness of the current government. Medicos president has the audacity to address out president complaint about how their handling his citizens crossing here illegally. Instead of putting him in his place and telling him we will handle anyone who crosses our borders illegally as we see fit although more humanely that he does our citizens in their jails. That in fact he is in encouraging this behavior and that the United States IS NOT the other Mexico.
That if he handled his economy better they would not be wanting to leave in the masses they are and risking their lives to do it. That he needs to handle his own affairs and failing economy before judging ours and he has no power or authority here, That if he needs any help with his economy in doing so let us know.
But what do we have but a wimp worse than there’s instead takes the path of least resistance and caves giving them amnesty and doing it illegally or just contempt for the American people.( Mexico just looking at his own elections looking good to his people and fan boss around ours.)
But then he wants to come in as a tough guy and annex borders of Ukraine while he can’t even secure the U.S. borders while putting these same citizens in harms way protecting those of another. And they wonder why he’s is seen as a push over to other powers.

Thanks winedoc

Posted by ipso facto @ 23:36 on March 4, 2015  

Now I just have to schmooze the ole lady a bit. :mrgreen:


Posted by redneckokie1 @ 22:42 on March 4, 2015  

rednecks have long known that from the air, okra looks amazingly similar to the golden herb. I always have a couple of rows. I live next o a very busy general aviation airport so I get a lot of attention.


Ipso:22:17. I used Emeril Legasse’s Recipe

Posted by winedoc @ 22:37 on March 4, 2015  




winedoc @ 21:44

Posted by ipso facto @ 22:17 on March 4, 2015  

That looks delish! Would you share the recipe with your goldbug buddies?

Buygold @ 21:36

Posted by ipso facto @ 22:15 on March 4, 2015  

Good post!

Someone who is as nuts as I am

Posted by Buygold @ 21:47 on March 4, 2015  

World Headed for a Meat Grinder-Rob Kirby

By Greg Hunter On March 4, 2015 

http://usawatchdog.com/wp-    </P>  <B><P>Rob Kirby</P>  <P>By Greg Hunter’s </B><A HREF=USAWatchdog.com

Rob Kirby gives what he calls “proprietary macroeconomic research” to people around the world with billions of dollars to manage. What are his connected sources telling him? Kirby says, “People whose opinions I respect the most tell me that the world is headed for a meat grinder, and that is putting very bluntly. This does not make me happy to say this, but we are headed for some very, very difficult times. The people that are in charge of and are maintaining the status quo of dishonest commerce in our world today are extremely committed to the program. I have referenced them before; they are the globalists. These people have contempt for humanity. These people, as a group, believe the world’s population needs to be reduced from its current roughly 7 billion to around 500 million people. They refer to that as a sustainable model for the earth going forward. I don’t share that view . . . but this is the path they have decided to take us down.”

On the wars and rumors of wars in the Middle East and Ukraine, Kirby says, “The whole talk about Israel and Iran is a side show. What is going on in Ukraine, I view to be another side show. . . . The underlying root problem is that our financial system is failing, and history tells us when the financial system tanks, governments take us to war. That’s why we are on a war footing, and that’s why we are hearing this rhetoric and inflamed talks about how we need war, and war is imminent and how war is going to be unavoidable. It’s an age old thing, when the financial system craps, the elites take us to war. End of story.”

It is looking like a much wider war breaks out this year. Kirby contends, “The reason for that is the financial system is showing signs of severe stress and severe weakness. The money printing around the world has accelerated and gone into a warp drive or warp speed of money and credit creation. We got the European Central bank talking about their own QE program. We’ve got Japan printing money like blazes. And listen, I think it was David Stockman that said there was over 2 trillion dollars of sovereign debt in the euro system trading at negative interest rates. This is not sustainable. This is why we have the burners turned up in the march to war. The system is showing severe signs of systemic stress. You can’t have 2 trillion dollars of sovereign trading at negative interest rates for a long time and have it be sustainable.”

Kirby goes on to say, “It all boils back to the money. And it all boils back to the notion we don’t have honest money because when you have honest money, these excesses don’t occur. Things cleanse themselves, and that is the virtue and the merit of the old relic, the gold standard, because it is honest commerce. When you have honest commerce, generally people are peaceful and get along with each other on a fair basis. Equal value for equal value for exchange of goods, not one country with the God given right to print money to buy the world’s output with freshly created out of thin air fiat money. It’s dishonest commerce. Dishonest commerce is at the root of all the problems we are facing in the world.”

So, what do we get first, war or collapse? Kirby predicts, “My gut tells me they are going to incite or create the basis for a war, and then, they will blame the crackup on the war. You look at the math that is involved with fiat money and compounding interest. The life cycle of that system shows that money is created in its early life that is slow and gradual upward to the right. At some point, it inflects and it grows vertically. We are on the vertical part of the curve now. Things that go straight up are not sustainable. . . . what we will experience at some point, and I believe this is a mathematical certainty. We will have a crackup–boom. There will be a hyperinflation, and that outcome is guaranteed. It’s a sealed fate.”

Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com.



Happy Hour ….. Caldo Gallego

Posted by winedoc @ 21:44 on March 4, 2015  

Portugeezer might set me straight …….. but ……. I had Caldo Gallego  for the first time last night at my favourite Pub ……  and I just had to try and copy the recipe

With a little Rioja Reserva

Meanwhile …….. Silver Maples are looking sweet for stacking ……..




I’m not just talking about it …….




In the immortal words of Hitlery, what difference does it make?

Posted by Buygold @ 21:36 on March 4, 2015  

The Way It Is


The constant pressure on gold and silver, combined with the constant support for stock markets in the U.S. and around the world, is taking its toll on investors’ psyche in the precious metals sector. Silver will soon have been trashed, and constantly bombed, for four years in another month. Gold has been hit over and over again for 3 ½ years. That is a long time. Meanwhile, stock markets go up and up.

By most accounts, monetary easing has been a major factor in the rise of stock markets. Historically, easing that we have seen would have also have been cited as a major factor in the rise of gold/silver prices. Instead, the opposite has occurred … at least as far as investors in the U.S are concerned. The price of gold in many other currencies, such as in Canada, has come back quite nicely … with currency debasement the name of the game.

All rallies in the markets are bought, while all rallies in the precious metals are sold. We are all sick of it. The longer it goes on, the harder it is to deal with … mostly because there is no end in sight and no way to gauge the market action from traditional fundamental and technical market analysis. In rigged markets they don’t mean much in the short term.

What makes it worse is that there is no rule of law in the markets. It is so bad that The Gold Cartel, and those suppressing the gold/silver prices, don’t even care anymore how it looks, or how obvious it is. It is getting so absurd and obvious that even Jim Cramer and his sidekick were talking about various markets being rigged on CNBC this morning. They even mentioned gold after mentioning LIBOR, currency rigging, etc. Those “sloppy bankers” can’t help themselves.

The real story is that there is nothing sloppy about what THEY have been doing. It has been very calculated for a very long time. The only change is that it is becoming so ridiculously obvious that the subject is actually receiving the most minimal of coverage because of the scandals, charges, fines, and blatant nature of it all.

And that is the point of this generalization today. What we are dealing with is beyond egregious, but it goes on and on. And it will stay that way until The Tipping Point is finally reached. None of us know when that point will be reached and everything will change. Probably overnight. Until then, all we can do is hold the fort and appreciate what is coming down the road and understand the ramifications of what all this market manipulation is leading to. The day after day nightmare of the moment is leading to exhilaration down the road for paying the price of staying with the inevitable. Because of the chaos which is coming, exhilaration is probably not quite right, but SATISFACTION for “getting it” will be WAY up there.

After yesterday, gold and silver never had a chance today. Lean, lean, lean. Nothing else to report except to say the “algo traders” appear to be foaming at the mouth in wait for the U.S. jobs report on Friday. They know what the precious metals do most of the time regardless what the report really means.



Posted by Buygold @ 21:31 on March 4, 2015  

I know you’re not a permabear. That rise on your calls couldn’t have instilled upside confidence because it sure wasn’t much. There is a lot of straight down with pm’s but not much straight up. Good on ya. I mean that sincerely.


Posted by ipso facto @ 21:10 on March 4, 2015  

No excuses! Slacker! 🙂

Silver Train

Posted by Maya @ 21:03 on March 4, 2015  

I’ve been erasing 498 Gigabytes of free space on the hard drive for the last two days, so in answer to MacroMan’s question…. NO… the train was not on time this morning.  Got a bare naked like-new Mac and now I gotta figure out what all was lost, restore apps, bookmarks, everything from scratch.   Lost the long list of trains ready to post, too, so now I gotta dig and scratch for more.


Silver Train.. in frosty Silver New Mexico!


Buygold @ 19:50

Posted by ipso facto @ 20:55 on March 4, 2015  

Yeah that’s some pretty fantastic stories about the Aliens disabling the nukes … but the thing is the people who made these reports are all very reputable, pilots and officers and such, makes me think there’s something to it. That’d be great if they stop us from destroying ourselves … via nukes anyway … we’re working on different methods.


BG1 @19:50

Posted by Samb @ 20:45 on March 4, 2015  

I was in CALLS from early Nov. all the way up thru late Jan. 2015. It was only then that I shifted to puts. That last up cycle was trickier then hell with the stall out at $1200 for so long. I am either in some puts or in some calls with very little flat time between them. For whatever reason it seems to be that my put positions  draws your interest. I’m not a perma bear.

samb, Ipso

Posted by Buygold @ 19:50 on March 4, 2015  

samb – yes you did say to buy puts and you were proven right. I don’t think there has been many times in the last few years when you couldn’t make money buying puts and holding them in anything pm. I don’t think it has anything to do with T/A or cycles or anything other than “stay short, make money”. When was the last time anything pm has had a six week run to the upside? Been awhile. Good on ya, keep making money, you’re a lot smarter than I am.

Ipso – I agree. That’s a good thing that they’ve disabled nuke capabilities. Question is what do they have in mind? What do they want? Another question is why for example Netanyahoo would be so worried about Iran having nukes, surely he knows the truth? We live in the matrix.

You’re about to get mandatory vaccines shoved down your throat!!

Posted by silverngold @ 19:34 on March 4, 2015  

What a bunch of one sided crap from MSM and their liars…..basically talking over the top of parents who believe vaccines are a danger to their kids and trying to make those parents feel guilty they refuse vaccines. I could feel my blood pressure going up as I watched this one sided push for vaccinations. They say there is no basis in fact for parents to fear the vaccine might cause autism or other life altering complications….but there is also no evidence that vaccines do not cause these issues, especially when there are so many children that showed none of these problems until immediately after their vaccination…..and also the autism rate has gone from about 1 case in 1500 in the 1980’s when a child only received 7 vaccines to age 5, to one case of autism in about 40 today and climbing and they want to give a child 49 vaccines today. Okay you smart assed bought and paid for doctors and vaccine pushers. If vaccines are not responsible for this HUGE rise in autism, what is????

THIS REALLY PISSED ME OFF!! …………….Silverngold


I’d expect this to help us

Posted by ipso facto @ 16:56 on March 4, 2015  

CNH Tracker-Shanghai-Hong Kong gold link-up may offer new regional benchmark

Feb 26 (Reuters) – China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West.

While China is the world’s largest consumer of the precious metal, having surpassed India, daily trading of gold in financial centre Shanghai is small compared with London.

The move to develop gold trading comes as more trade flows to Asia and is in line with Beijing’s efforts to open up its domestic markets to foreign investors. China wants more market players to use its yuan currency when settling trade contracts and for making investments.

“We will cooperate with the Shanghai Gold Exchange and set up a link this year, making it a platform for market participants in Hong Kong to enter mainland China’s gold market,” Chan Sheung Chi, president of Hong Kong’s Chinese Gold & Silver Exchange Society said this week.

Chan offered no details on how the gold connector would work, but said the launch time could be as early as in June.

The Shanghai Gold Exchange is the world’s biggest physical gold exchange, and all buying and selling of spot bullion in China has to happen through the exchange.

Precious metals and commodities are areas where Beijing has been eager to promote yuan usage, but so far progress has been slow compared to its use for settlement in cross-border trade.

The Chinese Gold & Silver Exchange Society, which was founded in 1910 and has 171 member firms, introduced gold bar contracts denominated in yuan in 2011. China’s Bohai Commodity Exchange also launched cross-border spot trading of iron ore and natural rubber in yuan in Hong Kong in 2013.

Potential for the yuan’s internationalisation via gold trading is huge as China is among the largest consumer of many commodities, including coal and copper. Shanghai’s pilot free trade zone also launched an international board for gold trading last year

more http://www.reuters.com/article/2015/02/26/markets-offshore-yuan-idUSL4N0VY0OX20150226

Good luck with that … “with the gov take around 51%” what an notportunity!

Posted by ipso facto @ 16:42 on March 4, 2015  

Ecuador, seeking investment, buffs up mining sector image


A Salvo in the Battle for the Gold Standard

Posted by eeos @ 16:38 on March 4, 2015  

I wrote what I thought was a fairly simple article for Forbes on Tuesday. I noticed that some people really got it, and they were very excited. However, others were skeptical or asking questions that went into the weeds. The former tells me that I said something important, but the latter says that I said it in a way that not everyone could relate to.

I started with the observation that many people argue (vehemently) that money should be defined as the medium of exchange. In the US, the dollar is used to purchase everything. Therefore the dollar circulates as the medium of exchange. Therefore the dollar is money. Q.E.D.

The catch is that the dollar only circulates because the government forces it to circulate, and forces gold not to. This means that the very concept of money is under the control of the government.

Ayn Rand noted that force is not essentially about a physical push, or a bullet hitting flesh. She said, “Force and mind are opposites…” She added, “To force a man to drop his own mind and to accept your will as a substitute, with a gun in place of a syllogism, with terror in place of proof, and death as the final argument—is to attempt to exist in defiance of reality.”

She showed that force is an attack on the mind. Literally, the gun takes away your ability to see reality clearly and use logic to arrive at the best possible outcome. Instead, you must think and do as you are told. The insidious process she described is at work with the concept of money. The very concept of money has been perverted.

In most cases, people can see that government has no power to change reality, or alter the laws of physics. But in this case—by the leverage of a broken concept—many people assume that government has indeed the power to make concepts into what it wishes.

George Orwell once wrote about this.

Debt paper is not money, no matter who issues it. The government has no power to transform water into wine, or debt paper into money. I don’t think anyone is explicitly arguing that it has this power. I think their error is to gloss over why the dollar circulates, and just insist that, “well, it circulates therefore it is money.”

Thus, the government is granted the power to turn paper into gold, though the mind skitters away from openly admitting this conclusion.

The consequence to accepting the dollar as money is to think that gold goes up. As I often say, in reality, gold is going nowhere. It’s the dollar that is going down. But if the dollar is money, then the prices of all things are measured in dollars. And so, we think gold goes up. Because that’s the only way to frame it if the dollar is money.

If gold goes up, then one has made a profit. That’s right, one makes money for doing nothing, just holding a lump of metal. Where does such a free lunch come from? No time to explore that contradiction today. Let’s stay focused.

It may not be fair, but we have a capital gains tax that applies when an investment, commodity, or asset goes up. If you buy something for $1,000 and sell it for $1,500, then you have a $500 profit. You must pay tax on that income. There are no exceptions that I am aware of: antique Ferraris, stocks, bonds, bitcoin, copper, houses, etc.

And this is where the concept of money gets real.

The government has several ways of forcing gold not to circulate, of making us use their debt paper as if it were money. One of them is the capital gains tax on gold. You see, if you barter—remember, gold is not money, just a commodity—gold for a car then the government considers that to be a sale of gold at the current market price. If that is higher than what you paid when you bought, then you owe capital gains tax.

This tax makes it far too expensive to use gold in transactions, not to mention the ledger you would have to keep. So gold is forced out of circulation (and into private hoards). Gold is for holding, not for using as money.

I have been arguing that this bad tax provision ought to be repealed. And that’s the crux of the problem.

Am I just a crony, like every other crony, asking the government for a special favor and preferential treatment? Is the whole point of repealing the tax on gold so that gold speculators can make moremoney on their gold trades?

This was essentially the allegation of one Arizona legislator, who asked why gold should be treated differently than other investments.

If the dollar is money, then there is no good answer to this question.

To advocate for special privileges that benefit one’s own purse is to fight for cronyism (also known by its older name, fascism). This is not a principled position. Nor is it a sympathetic one. Everyone has a mental picture of a fat cats, seeking to engorge himself as public expense. Once we’re into that box, once we’re perceived that way, we’re doomed. No matter what “blah blah blah” comes out of our mouths, it will be seen as self-serving and hypocritical. And rightfully so.

Huh? Rightfully so?!? Yes. If we concede that the dollar is money, gold is a commodity, and if we concede that gold is going up, which means we make a profit, and if we demand not to be taxed on that profit, then we are no different than any other special interest group seeking favoritism. We are no different than any other rent seekers.

What is a principled free marketer to do? Well, if you cling to the notion that the dollar is money, then you are disarmed. You have to concede that gold should be taxed just like other assets. You can lobby to eliminate all capital gains tax, but that’s about it. Good luck with that. I will cheer you, but don’t expect victory any time soon.

I remind you of two things. One, tax keeps gold from circulating. In other words, the gold tax is the key to socialized money. We can never have a free market in money if gold is penalized with a tax every time the dollar loses value. Two, as Ayn Rand showed, the moral is the practical. Your belief in this bad definition of money is what keeps you from effectively fighting for a free market in money.

There is much more to say about the topic of money and credit, to support the case that gold is money. In this article, I just wanted to focus on this one issue, because I think the error is an important one. I expect gold’s enemies, as they begin to mobilize and organize, will be cunning enough to see the vulnerability and go for the jugular.

If we want to win, we will need to be armed properly for the fight. This is a battle for ideas, and the most important weapons we can wield are concepts. Preferably razor sharp concepts. Let’s get it right, starting with a clear understanding of the dollar and of gold. source

eeos- what the author forgets to mention is that you can avoid capital gains and inheritance taxes by simply going underground to sell or pass forwards.

Ororeef @ 15:13

Posted by ipso facto @ 16:35 on March 4, 2015  

I’ve made good money on SLW in the past. They’re one of the blue chips of the mining universe IMO. Their management must be doing something right!

NZ Herald; Snowden files expose NZ’s part in America’s spy network

Posted by silverngold @ 15:33 on March 4, 2015  


How NZ spies on its Pacific friends and sends data to US

EXCLUSIVE: Leaked Snowden files show GCSB collects phone calls, emails and internet data from NZ’s closest and most vulnerable…

Fine the Banks and Balance the Budget

Posted by Ororeef @ 15:23 on March 4, 2015  

Who needs to raise Taxes?     Oblabla been doing that for years ..500 mil here and 3 billion there and pretty soon its adds up to real money !

Gubberment turns its head as Banks rob and plunder ….then the Gubberment comes along and FINES (Robs) the Robbers  ..The Banks have become the  TAX collectors in a recession ….where the people have no income to tax…  They learned it from drug runners in Florida where LOCAL  police release drug runners after a few days in jail so they can capture them again in a few weeks and fine them again ..they were financing their BUDGETS doing that !

ipso facto @ 13:05 SLW

Posted by Ororeef @ 15:13 on March 4, 2015  

Its not so bad a deal,since it puts a floor under the price  of $20.55 and puts the Banks in a position where its in their interest to support that price ..

Its puts the Banks on the Companys side for a change ! I’ve been buying it for seversl years at that price and selling as it gets to cycle peak  for a $20 % trade every year .

Buy it back in June and ride it again till Feb for a second  ride….

JPMorgan Chase to Reimburse 25,000 Homeowners Over Faulty Bankruptcies

Posted by silverngold @ 15:07 on March 4, 2015  


JPMorgan Chase Bank N.A. will pay more than $50 million to more than 25,000 homeowners

JPMorgan Chase to Reimburse 25,000 Homeowners Over Faulty Bankruptcies

© Flickr/ Steve Rhodes

04:47 04.03.2015(updated 05:05 04.03.2015)

US Department of Justice stated that JPMorgan Chase Bank N.A. will pay more than $50 million to more than 25,000 homeowners currently in bankruptcy as part of a settlement with the US government for having issued faulty bankruptcy documents.

WASHINGTON (Sputnik) — JPMorgan Chase Bank N.A. will pay more than $50 million to more than 25,000 homeowners currently in bankruptcy as part of a settlement with the US government for having issued faulty bankruptcy documents, a US Department of Justice statement said.

“The Department of Justice’s US Trustee Program (USTP) has entered into a national settlement agreement with JPMorgan Chase requiring Chase to pay more than $50 million… to over $25,000 homeowners,” the statement, issued on Tuesday, said.

“Chase acknowledges that it filed in bankruptcy courts across the country more than 50,000 payment change notices that were improperly signed,” the statement added.

The settlement stipulates Chase will provide $22.4 million in credits and second lien forgiveness to around 400 homeowners; $10.8 million to more than 12,000 homeowners in bankruptcy; $4.8 million to more than 18,000 homeowners who did not receive accurate and timely statements; $4.9 million to more than 8,000 homeowners whose payments Chase applied in an inconsistent manner; and $7.5 million to the American Bankruptcy Institute’s endowment for financial education and support for the Credit Abuse Resistance Education, according to the statement.

Additionally, the settlement stipulates that the Morvillo LLP attorney Amy Walsh will oversee Chase to verify it complies with the Justice Department settlement, the statement said.

The US Trustee Program is the component of the Justice Department that was established to oversee case administration and litigating to enforce the nation’s bankruptcy laws.

Read more: http://sputniknews.com/business/20150304/1019028618.html#ixzz3TRuti1JD

Anybody want to dispute this move against this world peace lover???

Posted by silverngold @ 14:53 on March 4, 2015  

In “Unprecedented Move” Nobel Peace Prize Chairman Demoted For Decision To Give Obama 2009 Award

Tyler Durden's picture

Back in 2009, just months after his swearing in, president Barack Obama was crowned with an unexpected glory: he won the Nobel Peace Prize for 2009 due to “his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.” Back then there was little indication that just a few years after his crowning achievement of “ending the war” in and returning US troops from Iraq, he would send US troops right back in Iraq for the 3rd US invasion of the country in three decades, but also send out US troops across the globe, and launch the second cold war, pushing the world to the brink of another “large scale war.” Those who wish to read Obama’s teleprompted and ghostwritten acceptance “speech can do so here.

At the time the White House, and the fawning media, was delighted by this crowning, if premature, achievement of the progressive president.

Which is why don’t expect much coverage of the inevitable aftermath: earlier today, in what France24 dubbed an “in an unprecedented move“, the controversial head of Norway’s Nobel Peace Prize committee was removed Tuesday and demoted to the rank of mere member.

Thorbjoern Jagland, a former Norwegian premier, drew criticism after becoming committee chairman in 2009 for awarding the prestigious Nobel to newly elected US President Barack Obama. He will be replaced by current Deputy Chair Kaci Kullmann Five.

More from AP:

The Nobel Peace Prize awarding Norwegian Nobel Committee on Tuesday elected a new chairman to replace Thorbjoern Jagland, whose six-year tenure has been lined with controversies.


Jagland will remain a member of the voting panel but was a contentious leader, attracting criticism for his dual role as committee chairman and head of the European Council when the prize was awarded to the European Union in 2012. His leadership also was clouded by the decision to give the prize to Barack Obama in 2009 after he had just been elected president, and the 2010 prize to the jailed dissident Liu Xiabo drew fury from China.


The former labor politician was replaced by the panel’s deputy chairman, Kaci Kullmann Five, a former conservative party leader. She denied that Jagland’s ousting had anything to do with pressure from China, which froze diplomatic ties to Norway after the 2010 award.

She did not deny that his ousting had anything to do with Obama who has since the aware become a neo-con warhawk, who has put some of the most bloodthirsty republicans to shame, and whose actions (and lack thereof) have led to not only global conflict intensity spiking To a 7-year high, but have generated untold riches to the shareholders of the military industrial complex.

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