Oldtent Archives 2009

Insurers actually only pay on average 9% of the amount billed by Hospitals.    They pay an average of 40% of the amount charged by Doctors.

Death of the dollar explained

The death of the dollar has been a 3-level event. First, in 1913, we get the FED-coup led by the 3 richest men in the world, Rockafella, Rothchild and JP Morgan. Fast forward 50 year to 1963. The number 50 is also important because it represents the year of Jubilee whereby all debts are resolved.

JFK issues E.O. 11110 which effectivly eliminates the FED and he goes to a Constitutionally mandated form of money and issues Silver backed notes which the Treasury prints. Now, 11110 is more representative of a binary string and converted to decimal it equals 15. JFK was murdered on 11-22-63, add those numbers together and you get 15. I could not make this cleaner if I
tried.

The occult driven PTB are big on numbers and dates. The 1st thing LBJ did was to recall all 4 billion of those notes. Furtheremore, 1964 was the last year Silver was minted into our coinage so Silver was forever removed from our money.

The last thing that cemented the deal was Nixon cut the tie of Gold to the dollar in 1971 making it a pure fiat currency. We are now at the last stage which is FED buys its own debt leading to hyper-inflation and the demise of US Empire. The only difference between fiat and its demise is time.
Joe M.

” Auandag @ 9:27 am.
Can you imagine the Saudis selling oil in exchange for sand, or Eskimos selling fish in exchange for ice, or Paul McCartney selling an apartment in London in exchange for a Beatles poster autographed by himself? Yes, you think those examples are funny, don’t you? So why not have a big fat laugh at a central bank selling its gold for the funny paper it produces in infinite quantities?”

Well said Auandag! Appreciate the links to Hamilton’s article and while I enjoyed giving it a quick read it appears to self that he leaves out an important point or three. Mostly I believe that the selling of Gold by Central Banks has nothing, nada, zero, with raising paper/digiital dollars as they claim. No sir, I think it is a way to move the Precious from one hand to another ‘friends’ hand. And will continue to think that way until the Central Banksters publish just who is secretly ‘purchasing’ those tons, and for what amount of fiat?

Lets see here…CB’s ’sell’ tons of gold, but wont say to whom, or what amount. ( I doubt the ‘Official Comex gold price is anywhere near what folks are really paying for the real deal. ) Bernake and Giether refuse to tell the American public, or even one of those secret Congressional comminities how much, and where they are spending those trillions. There has been no audit of Ft Knox and the Peoples Gold for how many decades now?? And a building blocks away from the airplane crashes on 9-11 just implodes for no apparent logical reason. Hmmm….?? And oh yeah, Team Obama is all bent out of shape that a few folks are upset about his National Health Care bill that even ‘messhia himsself, does not know the details of how this ‘Miracle’ is going to work.

Its a good evening to own a few ounces, just in case things ever get crazy(er)…(grin)

Best, and kudos for some other fine posts you have made of late, Best, Farmboy

theres no place like home

follow the yellow brick road

GOLD/SILVER

Chinese Government Encouraging Buying Silver

Bill,
The rather surprising news last week that China is encouraging its citizens to buy silver struck a chord with me

news.silverseek.com/SilverSeek/1249958982.php

A few years ago I was travelling to Beijing and on the plane from Hong Kong to Beijing I was sat next to a Chinese gentleman. I had printed off some precious metal articles and material to read on the plane. The man next to me saw what I was reading and struck up a conversation by asking if I was involved in the gold business. I told him I was an investor but that I also had a keen interest in studying the gold market. I spoke to him about GATA and the suppression of the gold price and he listened quite intently. He told me he was in the banking business but didn’t tell me what he did and I didn’t ask. At one point in the conversation I mentioned how I thought silver would be an even better investment than gold. He said quite curtly that China has not forgotten how its silver was stolen from her in the past. I was quite taken aback by the comment. I kept the conversation to gold.

This gentleman was obviously referring to the Opium Wars. In the 19th Century Britain was importing many Chinese goods such as silk, tea, spices etc. The only thing that China would accept as payment was silver. That is quite interesting because Britain was on a gold standard at the time. I have not studied Chinese history so I don’t know why they didn’t want gold. The other problem was that China didn’t want to buy any goods from Britain so there was a massive trade imbalance as goods were exported and China accumulated massive reserves of silver that drained Europe of silver as Britain was obliged to sell gold to buy silver for trade settlement.

Britain needed desperately to find something that China would want to import to eliminate the trade imbalance and the silver drain. Opium at the time was legal in Britain but was banned in China. Britain arranged for Opium to be illegally shipped into China with the intention of causing an addiction and as a result to generate a strong import demand for Opium. The plan worked however China’s outrage at the growth of this illegal trade but the British ambition to protect it led to the Opium Wars. China was defeated and forced to sign the Nanjing Treaty which ceded Hong Kong to Britain and required war reparations to be paid in silver. The treaty forced China to tolerate the Opium trade and soon the trade balance was returned in favor of a surplus for Britain and silver flowed back to Britain.

The fact that the Chinese government is coercing its citizens to buy silver to me is more than just happenstance. I don’t know if the views of the gentleman I spoke to several years ago is representative of the Chinese people in general that there is a raw nerve with respect to silver and the Opium Wars that still remain today (and that would be totally understandable!) How many governments actively encourage their citizens to buy precious metals? The Chinese government could itself buy all the silver it wants. It has enough dollar reserves to buy all the silver that is in above grounds stocks in the world AND it could buy each and every silver mine on the planet and still have plenty of dollars left over. In mobilizing its citizenry it almost seems like it is deliberately settling this vendetta from bygone ages because the British targeted the Chinese people to instill an addiction to opium which resulted in the export of silver or that China’s silver was stolen as my acquaintance out it! What’s more if the Chinese people accumulate silver it can hardly be viewed as a provocative act as would the accumulation of a massive amount of silver by the government itself.

I think this new initiative on the part of the Chinese Government for its citizens to buy silver is very, very significant and will have explosive implications for what is already a market in tight supply. Furthermore I suspect there are deep rooted political motivations behind it and so for that reason alone the importance should not be underestimated.
Cheers
Adrian…

This time it was on the Health care “crisis”.   Very educational.

Anyone care to guess what percentage of the initial Hospital bill the insurers actually wind up paying??

Clarificatons
One line North of Okie
I have much respect for V and W, just think they need a kerr hound.

WE’RE BEING ROBBED BLIND – AGAIN, YET, STILL

The Federal Reserve recently announced that it will purchase $300 billion in Treasuries by the end of October, 2009. Recently 10 year bonds have been paying 3.65% interest. At that rate, the Fed will “earn” $10,950,000,000 ($10.95 billion) interest per year on these securities. That’s a pretty huge number to get a grip on it so let’s look at it in simpler terms.

We’ll be paying the Fed $600,000 interest per day on the $300 billion the Fed will create out of thin air!

This is in addition to interest on $1,372,692B in U.S. securities already purchased by the Fed1. Estimating interest on these at the same 3.65% rate, we’re paying the Fed $50,103,258,000 interest every year on these securities. Again, in simpler terms

we’re already paying the Fed $137,269,200 every day on money it has created out of thin air!

We’re also paying interest on billions worth of U.S. securities purchased by other governments, including $2,032,395,000,000 the Fed holds in “custody for foreign official and international accounts.” If the average interest on these securities is calculated at 3.65%, we’re paying $74,182,417,500 interest each year on them. To simplify once again

we’re paying these foreign governments $203,239,500 interest every day on securities most of them purchased with money they too created out of thin air.

Combined,

we’re paying $341,108,700 interest per day on these securities.

As staggering as these amounts are they do not include interest on securities the Fed does not hold for foreign governments or interest we’re paying banks, pension plans, mutual funds or other investors.

Eventually, we’ll have to redeem all these debt based securities with dollars we cannot create out of thin air.

Caleb S. Atwood

1. Source: “Factors affecting Reserve Balances” in the August 13, 2009 Federal Reserve Statistical Release.

The global recession is now over
Bill,
The IMF chief economist Olivier Blanchard says the recession is over!

www.marketwatch.com/story/recovery-beg
ins-but-recession-leaves-scars-imf-2009-08-18

This has earned him a nomination for a 2009 MOTY! I think Blanchard lives up to the old adage that it is only 99% of economists that give the other 1% a bad name! What is he smoking? Unemployment is still rising, the housing market is seeing record foreclosure rates, banks are still failing and the failing banks are increasing in size. It is astonishing that he should not hedge his bets by saying things are stabilizing instead of categorically saying “it’s over”. So what is going on here? My read on this is that the dollar is on the precipice of a destructive nose dive. Nothing the cabalists have done recently have given it any traction. I think the US Government is in dire straits. If the dollar falls significantly there will be a massive rush for the exits and the game will be over. If the dollar becomes a pariah instead of the world’s reserve currency the US credit cards are effectively declined and the empire crumbles. This in my opinion is behind this ridiculous declaration that the recession is over. Unfortunately for these clowns and their behavioral economic advisors it backed fired. The dollar fell on this revelation!
Tick, Tick, Tick,
Cheers
Adrian

About that alarm clock…(lol), reminds me of Ole Grandpa Buck’s barn. Went into it once, and wont do it again. Buck hates rats. No matter what size, or color, he really hates those rodents. His barn has more trips, bait, traps, and what not that he uses in attempts to outsmart the four legged creatures. Every now and then he actually kills or captures one. Mostly, we like seeing the rodents continue to outsmart ole Buck and his various homemade contraptions. (grin)

Anyway, will try to get Buck to take a look at that Alarm Clock you posted. Might give him some new ideas.

Thanks for passing that along. And Thanks for keeping us up to date with the latest news items.

Best, Farmboy

goldtent.net/wp_gold/2009/08/18/an-email-i-received-this-morning/

Appreciate the kind words and the shout out from you. Good to see you have not forgotten how to peck on those keys. Hope you are doing well and staying out of the heat these days.

Things are getting a little more goofy around these parts. A friend, and Viet Nam vet (Ex Spec Forces) who is half Cherokee got a personal visit from a couple Homeland Security folks last week. Seems he signed a petition going around the Native American community where they are asking for some of the land back. (Actually part of some court battle that has been ongoing for awhile)

From the talk I am hearing, seems some Native Americans are getting as restless with the Gubberment as some of us Tea Party folks. Lots of ‘windstorms’ seem to be brewing in the weather these days.

Best, Farmboy

…Glad to see you can finally remeber your password…..

…another Okie …Welcome

….Wanka please do the honours at the locator

FRANKFURT -(Dow Jones)- The Eurosystem’s reserves of gold and gold receivables remained unchanged at EUR232.118 billion in the week ended August 14, the European Central Bank said Tuesday.

-END-

Over the last month the European central banks have barely sold any of their gold reserves … when they could be selling tens to hundreds of tonnes based on their quota in the Washington Agreement. The fact they are not selling confirms the notion that the “sheeple’ bankers do not want to be seen squandering what they have left of their country’s gold in this financial environment. This greatly complicates the task of The Gold Cartel to come up with available central bank gold to meet the growing yearly supply/demand deficit.

The Gold Cartel and officialdom continues to hold supposed IMF gold sales (400 tonnes) over the market as a price dampener, which they would do no matter what the gold sale advocates say. However…

*There is the potential a buyer like the Chinese could contract for all of it, which would send The Gold Cartel forces into a tizzy.

*Even if they sell 200 tonnes per year, it will be less than what the ECB had been selling for years.

*Should the ECB banks continue to withdraw from the market, the official announcement of IMF gold sales could actually be a bullish event … as it represents The Gold Cartel’s last grasp for supply outside of the US itself.

*Should the IMF gold sale not get approved for some reason, we would have an immediate price explosion.

The gold open interest fell 8204 contracts to 377,758. As happens time and time again, the specs are dumping while The Gold Cartel raiders begin covering their shorts and taking their profits. The fleece worked again. The silver open interest also fell, dropping 4718 contracts to 104,411, which is still relatively high in its recent range. Odds are more specs must be flushed out before we can make a sustained gain. Silver almost NEVER turns right around after a bombing like yesterday (with spec long interest so high) and goes right back up. One day it will. When it does, the precious metals world will be changed for a decade or so.

The US dollar has traded in a range between 78 and 82 for many months. 80 was a key support level and when it failed to hold, the dollar broke down. However, since then it has recovered, but has yet to seriously challenge that 80 breakdown point….

Sep dollar
futures.tradingcharts.com/chart/US/99

If the U.S banks take a 3 or 4 day break….especially in this now fast paced world of ours..it would be quite the shocking event..to the people who depend on day to day living on atm’s and debit cards…..not to say the imbalances that would be created in the financial system as a whole……IMHO it may very well happen and soon…

Glad to have you posting instead of just reading!

Perhaps you could elaborate more about this historic stuff.

Well …I may go off here soon..there is actually a slight grinding noise coming from the left side of my laptop…all I suspect is that it cannot be good…..
Keep the charts …boats and good info coming guys…..love ya all….
What may occur in a few days will be historic …if some of these fellas have decent info that proves out …well….hang on to the phyz and hang on to the tent…..the flaps will be blowing….
Cash,phyz,certs, food, and let it rip…tenters will get through the first wave….then we see what we maybe should do during the EYE..of the Storm …..
opps ..yes hello EZ….Rno is a good anchor to hold on to in a bad blow….

Thanks for the welcome. North of redneckokie

 Another Woodstock performer. Not really, she never played there.

www.youtube.com/watch?v=ZgMEPk6fvpg

Welcome aboard. What area of the world are you from?

Surely you intend to bring all of us with you, no?

I stand corrected. Thought he was buying shares already public. My apologies.

www.youtube.com/watch?v=aiGPQVUJqq0

It is good to see all familiar. Cream rises……, does it not?

Thanks for letting me on board.

It is nice to see the wide range of posts, in congenieal manner, with class, uninhibited by transparent and transient termination boundaries:but, on the other hand, ambiguous rules are of necessity, in a pseudo-honest, agenda manipulated environment.
When a farmer looses his chickens and eggs to varmits vermin and weasles: The farmer needs a great pyrenes (or just a good’ol kerr hound, no use bringin in the heavy artillery just for varmits) to exterminate the above, without which he will loose all his chickens and have no eggs. (Seems like a pretty simple fix to me)

Anyway,
Hats Off to your labor and the fine fruit thereof. In honest sharing the rules are simple, say what ya say;with respect. This forum is an exemplary and “Golden” example of integrity based in the pursuit of truth: Seasoned, Humored, Patient, Resolved.
(I say the above with proof, been readin ever since I forgot my password)

Congratulations, and Salute To All

ez