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Silver (2008) Took the Stairs to $21, Silver (2010) Takes the Elevator to $29
By Robert Singer
Headline today November 9, 2010: Gold and Silver Soar amid New Debt Woes and Gold Standard Talk
The last time the precious metals were in the news was March of 2008.
The Future of Silver, According to Adam Smith (1723-1790) was my attempt at humor after I began my lucrative Internet writing career.
David Morgan (www.silver-investor.com, one of the most respected newsletters in the industry) publishes an in-depth and comprehensive look at the micro and macro economics of the precious metal markets, read The Future of Silver and “thought my humor was terrific--.”
What follows is pure Unadulterated Unverified Mogamboism (UUM) and reflects my views on the future of silver and the planet. Any resemblance to real persons, living or dead is purely coincidental. Since Adam Smith or the Silver Smarty Pants (SSP) never agreed to a Mind-ray scan, neither of them could endorse these views, which may or may not prove to be correct. This was my attempt at humor released December 2008.
[Breaking News: November 9, 2010: 'JPMorgan traders bragged about manipulating the silver market' (in 2008), informant says is discussed in this article.
Robert Singer, proclaimed a Junior Mogambo Ranger (JMR) in 2008 interviews Adam Smith, telepathically.
I got out my new Matrix Mind-ray Scanner, delivered before The Sharper Image and our way of life filed for bankruptcy and Googled “who is the founding father of economics”.
Results: Richard Cantillon, Alexander Hamilton and Adam Smith.
I never heard of Cantillion and Hamilton is the father of Crony Capitalism.
I selected Adam Smith and set the device on “Interview”:
Adam: I hear the Commodity Futures Trading Commission (CFTC) is finally taking the Silver Smarty Pants (SSP) seriously.
The Money Party Deficit Reduction Scam and Social Security
Michael Collins
President Obama announced the new National Commission on Fiscal Responsibility and Reform on February 18 to address astronomical federal budget deficits. There has been considerable speculation that this commission will target current and future benefits for Social Security recipients to achieve its goals.
Why would this be the case? We need look no further than the treatment of major retirement funds over the past 20 years to get the answer. When the mob needed cash, it looted the Teamsters retirement fund. When large corporations or government entities get in trouble, they effectively borrow from their employee retirement funds by delaying required payments or otherwise gaming the programs. This provides a source of ready cash, a quick vehicle to cover management errors, or jack up their bonuses.
Think of the Social Security Trust Fund (trust fund) as the most lucrative retirement fund in the country, the ultimate pot of gold, and you'll immediately understand why it is that for decades, big business has plundered the trust fund. How does this happen?
The Parcel Bomb Plot—Al-Qaeda’s Gift to Israel
Maidhc Ó Cathail
While Al-Qaeda in the Arabian Peninsula (AQAP) may have claimed responsibility for the parcel bomb plot, it’s worth considering how this latest Yemen-linked terror scare has been a gift to their avowed enemies.
A mere two weeks before the discovery of mail bombs addressed to “two places of Jewish worship in Chicago,” Rupert Murdoch sounded prescient as he received an award from the Anti-Defamation League for his support of Israel. “The terrorists continue to target Jews across the world,” declared the media mogul in his acceptance speech. “But they have not succeeded in bringing down the Israeli government—and they have not weakened Israeli resolve.” Equating criticism of Israel with anti-Semitism, the Fox News owner smeared the growing worldwide condemnation of Israel’s rogue behaviour as an “ongoing war against the Jews.”
A good science fiction book expands the mind: Tobias Buckell
Interview by Kourosh Ziabari
Born in Grenada in the Caribbean, Tobias Buckell is a New York Times Best-Seller science fiction and speculative fiction author. Having lived in Ohio since 1995, Buckell started submitting his writings to magazines and newspapers since he was in high school. He sold his first short story in an early age and continued selling stories to the American magazines since then. He has published four novels of which the most prominent ones are "Crystal Rain" and "Sly Mongoose". He has also written several short stories including "On The Eve of the Fall of Habesh" which was published in November 2010. Buckell is a professional blogger who writes on different issues concerning science fiction literature. In 2008, he donated his book archive to the department of Rare Books and Special Collections at Northern Illinois University.
Tobias joined me in an exclusive interview and answered my questions on his career as a science fiction author, the characteristics of a successful author and his motivations for working on science fiction literature.
Jack DeCoster's Salmonella Touch: Another massive egg recall
By Rady Ananda
Food Freedom
Another massive egg recall, another tie to scofflaw Jack DeCoster.
Nearly 300,000 eggs have been recalled, affecting eight states, after Cal-Maine Foods, Inc. got word on Friday from the FDA that eggs from one of its suppliers, Ohio Fresh Eggs, tested positive for Salmonella Enteritidis (SE). Cal-Maine processed and packaged 24,000 dozen eggs in its Green Forest, Arkansas facility under the Sunny Meadow, Springfield Grocer, Sun Valley and James Farm labels.
Cartons bearing plant number P1457 with Julian dates of 282, 284 and 285 are being recalled. The Julian date follows the plant number, for example: P1457-282.
Israeli Banks Profiteering from Occupation
by Stephen Lendman
Wall Street does it. Other Western banks do it. They all exploit markets, often ripping off customers illegally. Why not Israeli banks also in their own back yard, easily in expanding settlements.
The Coalition of Women for Peace (CWP) includes 10 feminist organizations and non-affiliated activist women in Israel. Founded in 2000, it advocates "radical social and political change," and is "a leading voice against the occupation, committed to feminist principles of organizing and Jewish-Palestinian partnership in a relentless struggle for a just peace."
The child soldier and Gitmo's kangaroo court
Mary Shaw
In October, a U.S. military tribunal at Guantanamo Bay sentenced Omar Khadr to 40 years in prison. A plea deal reduced his sentence to eight years. Under the deal, Khadr pled guilty to five charges, including murder and conspiracy to engage in terrorism.
What sets this apart from other terrorism cases is that Khadr was only 15 years old when he was arrested on an Afghan battlefield. He is also a Canadian citizen.
Because of his young age at the time of his arrest, Khadr has been recognized as a child soldier by the United Nations. As such, international standards prescribe that he be protected and rehabilitated, not prosecuted and abused.
Bring me the head of Silvino Herrera
By Daniel Patrick Welch
"Us versus them" and other "modern" myths of war and civilization
Against the background of the leaking of the USA?s secret Iraq war crimes files by the whistleblower website WikiLeaks, Daniel Patrick Welch peers beneath the West's self-proclaimed cultural and moral superiority in the face of atrocities against innocent people all over the world.
"When we peel away all the layers of burning flesh, all the carefully constructed fiction of human progress and benefits of science and technology, we must face a reality perhaps even more grim. There simply is no 'us versus them'. The side claiming to represent progress has done more and done worse, using as low-tech and brutal methods as any on either side of the technological and cultural divide."
QuantItative Easing: Elixir or Poison?
by Stephen Lendman
Ahead of the November 11 - 12 G-20 meeting in Seoul, South Korea, the Fed announced QE II, another $600 billion between now and end of June 2011, a flexible figure to be raised or lowered freely, the Fed saying it will:
"....regularly review the pace of its securities purchases and the overall size of the asset-purchase program in light of incoming information and will adjust the program as needed to best foster maximum employment and price stability."
The Democratic Party Debacle and the Demise of the Left-Center Left: A Worldwide Trend
James Petras
Introduction:
The November 2, 2010 electoral debacle of the Democratic Party in the US cannot be solely ascribed to the failed policies of President Obama, the Congressional leadership or their senior economic advisers. Nor is the demise of what passes for the American “center-left” confined to the US – it is a world-wide pattern, expressed in countries as diverse as Greece, Portugal, Spain, Great Britain and Japan.
The central question is why the left-center left governing parties are everywhere in crisis and will be for the foreseeable future?
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