Monthly Archives: September 2011

Break Away from Federal Government By States -Utah Monetary Declaration


—- Original Message —–

From: Ron Hera
To: John Rolls
Sent: Thursday, September 29, 2011 7:34 PM
Subject: IMPORTANT: States to Financially Break Away from Federal Government
 
John,

This is the most important message I have ever sent.  I urge you to read it and to share it with others.  There are absolutely no restrictions on this distribution.

Earlier this week I attended the Utah Monetary Summit in Salt Lake City, Utah.  As you may know, the state of Utah passed a Legal Tender Act earlier this year authorizing the use of federally minted gold and silver coins as money in the state of Utah.  Now, legislators in other states, many of whom attended the Monetary Summit, are evaluating similar legislation.

Among other things, this means the United States is approaching a Constitutional crisis because states are beginning to financially break away from the federal government.  This is no less serious than the American War of Independence or the War Between the States.  The Utah Monetary Declaration (below) is a financial declaration of independence whereby states are beginning to opt out of the Federal Reserve System.  A major confrontation seems inevitable.

The issues underlying this historic development include:

1.  The unsound condition of large U.S. banks, which have inaccurate and crumbling balance sheets along with $250 trillion in high-risk OTC derivatives contracts;

2.  The unstable nature of the U.S. and world financial systems, characterized by unworkable levels of sovereign debt and private debt and by over $600 trillion in OTC derivatives liabilities;

3.  The excessive levels of federal government debt and unfunded liabilities combined with falling federal tax revenues prior to the start of the double-dip recession that began in the second half of 2011;

4.  The radically inflationary monetary policies of the federal government and of the Federal Reserve, which promise high inflation or hyperinflation in the future;

5.  The worsening condition of the real U.S. economy outside of large banks, multinational corporations, and Wall Street firms, where federal government bailouts and Federal Reserve monetary easing (money printing) transfer wealth from proverbial Main Street to literal Wall Street;

6.  The rapidly escalating polarization of the distribution of wealth, which threatens not only the economic stability of the United States but also its social and political stability; and

7.  The current, highly inflationary monetary system is plainly unfair and fundamentally immoral.

As a consequence of these grave, ongoing and growing problems, which are being largely ignored by the mainstream news media, state governments must take immediate action to ensure the functioning of local economies and of state governments, should the federal government / Federal Reserve System break down.  Specifically, there is an urgent requirement for an alternative currency to the privately issued Federal Reserve Note, which is erroneously referred to as the “U.S. dollar.”

Replacing a stable form of money with ever expanding debt and inflation undermines capitalism and destroys jobs.  The monopolistic monetary system of the United States today is inherently inflationary because it must continually expand in order to prevent a deflationary collapse.  The underlying structure and root cause of the monetary system’s inherent and inescapable inflationary bias is the legal construction of money as debt with no direct link to real economic activity.  Debt levels in the economy and bank profits are simply out of line with reality.

In addition to the unsustainable and unstable nature of such a system, an inherently inflationary monetary system destroys savings by devaluing the currency.  Savings, which are the result of excess production, precisely define the term “capital.”  Replacing capital with debt, while highly beneficial for banks that create money out of thin air (through lending), is a deeply flawed concept responsible for the systematic and ongoing breakdown of capitalism in America.  This deep, structural problem is the absolute root cause of chronic, irremediable unemployment.  As a consequence, there will be no genuine economic recovery in the U.S. and jobs will not return unless and until the monetary system is fundamentally reformed.

An ultimately more important issue is also garnering attention among state legislators, prominent (non Keynesian) economists, religious leaders, political activists and voters.  Inflation, particularly if it is systematically understated by the federal government or Federal Reserve, robs savers of the proceeds of past labor and robs workers of the spending power of their wages, living standards and financial futures.  Inflation robs the elderly of their retirement and robs investors of their capital by facilitating taxes on alleged gains created solely by currency debasement.  Legal tender, created as debt, results in ever larger debt burdens thrust upon innocent future generations that will experience progressively lower living standards and reduced economic opportunity.  Generations to come will be born into debt bondage, thus the monetary system is at the center of a profound moral crisis.

The morally and literally bankrupt nature of the current U.S. financial system is transforming America into a dog-eat-dog society where every person seeks to live at the expense of someone else rather than by producing wealth, because production is systematically stolen by the federal government and by banks through the clever device of an inflationary monetary system.  The monetary system operates by exchanging fictitious “wealth” (debt based money created out of thin air by private banks) for the real wealth of borrowers, i.e., the proceeds of their labor.  In effect, the monetary system is a massive scam purported to be legal but lacking any demonstrable legal authority.  Specifically, there is no Constitutional or other legal basis upon which the federal government can force a private monetary monopoly on the states.  In fact, the Constitution of the United States explicitly establishes the exact opposite.

The oversized banking system and federal government have grown in an unholy alliance in lock-step and now consume so much of the U.S. economy that, together, they not only pillage the real economy but threaten to kill, once and for all, what is left of the free country founded by the Declaration of Independence.  The moral precedent and example set at the highest levels of the federal government and of the banking cartel is that profit, fame, success and wealth are (either directly or indirectly) rewards for immoral acts rather than for honesty in business.  Moral corruption at the top–embedded in the very structure of the monetary system–has slowly spread its gangrenous effect, undermining totally the founding principles of the United States of America, enshrined in the Constitution of the United States and in the Bill of Rights.  Rather than liberty, America’s legacy is fast becoming one of moral turpitude enshrined in financial injustice and oppression.

The challenge before our nation today–our moment in history–is not merely a financial or economic or political or legal / Constitutional crisis.  It is also, and primarily, a moral crisis that could literally destroy the United States of America and all that it has stood for in more than two centuries.  A stable society requires sound principles.   A moral society requires sound money.  Today, the United States of America has neither.

This message is a call to action.  In the words of poet Dylan Thomas, let us say for America “Do not go gentle into that good night / Rage, rage against the dying of the light.”

I am personally asking you to read the Utah Monetary Declaration (below), which I, among many others, signed on Monday evening, September 26, 2011, in the Post Chapel on the University of Utah campus at Salt Lake City, and to forward it to all, especially to your state officials.  Time is of the essence.  Although its duration and pace are as yet unclear, the crisis is already upon us.  Please act now and do not delay.

Ron  

Utah Monetary Declaration


WHEREAS, money, as a medium of exchange, a store of value, and a unit of measure promotes economic activity, growth and productivity by facilitating specialization and trade, the accumulation of wealth and its long-term investment, as well as accountability in setting prices, tracking progress, and settling accounts;

WHEREAS, natural money – precious metal coin – by virtue of its inherent qualities of recognizability, measurability, uniformity, divisibility, durability, portability and scarcity has reliably retained its purchasing power, notwithstanding periodic fluctuations, over the centuries and millennia of human history, serving as an effective medium of exchange and store of value often without any governmental declaration to require, legitimize or perpetuate its adoption and operation as such;

WHEREAS, sound money, by retaining stable purchasing power over time, best serves societal needs by substantially reducing the uncertainty of inflation risk for creditors and deflation risk for debtors as well as encouraging saving and investment among the general populace and benefiting the economic zone in which it circulates by stimulating the economy and by attracting foreign capital and commerce to the region;

WHEREAS, history attests that monopolistic monetary systems frequently engender currency debasement, resulting in serious consequences such as lost purchasing power, inequitable wealth redistributions, misallocation of productive resources, and chronic unemployment, and that, as the cornerstone of a free market and society, the right to choose, whether between suppliers of goods and services, political parties and candidates, or between alternative media of exchange, effectively promotes the general welfare;

WHEREAS, for the equal protection of all people, rich and poor, the open circulation of complementary and competing currencies should be fostered and promoted by every sovereign state, including those of The United States of America pursuant to their monetary powers (expressly reserved in article 1, § 10 and in the 10th amendment of the United States Constitution) to monetize gold and silver coin as an alternative, voluntary medium of exchange, and as an effective check and balance against debasement of the national currency by the national government which is constitutionally precluded from demonetizing state legal tender, through disparate tax treatment, discriminatory regulation, the threat of suppression and seizure, or otherwise;

NOW THEREFORE, we the undersigned hereby declare and affirm that:

1.     As an essential element of true liberty and of the pursuit of happiness in a free society, all people enjoy the inherent and unalienable right to lawfully acquire, hold and use as a medium of exchange whatever form or forms of money they may prefer, including especially gold and silver coin.

2.     All free and sovereign states bear the moral, political and legal obligation not only to refrain from debasing their own currencies (except under the most exigent circumstances) and from erecting barriers to the unfettered circulation of monies issued under the authority of their sovereign trading partners, but also to affirmatively defend and protect against fraud, counterfeiting, uttering, passing off, embezzlement, theft or neglect by requiring full transparency and accountability of all state chartered financial institutions.

3.     No tax liability nor any regulatory scheme promoting one form of money over another should apply to: (a) the holding of any form of money, in a financial institution or otherwise; (b) the exchange of one form of money for any other; or (c) the actual or imputed increase in the purchasing power of one form of money as compared to another.

4.     Except in the case of governmentally assessed taxes, fees, duties, imposts, excises, dues, fines or penalties, the authority of government should never be used to compel payment of any obligation, contract or private debt in any specific form of money inconsistent with the parties’ written, verbal or implied agreement, or to frustrate the intent of contracting parties or impair contractual obligations by invalidating the application of a discount or surcharge agreed to be dependent upon the particular medium of exchange or method of payment employed.

5.     The extent and composition of a person’s monetary holdings, including those on deposit with any financial institution, should not be subject to disclosure, search or seizure except upon adherence to due process safeguards such as requiring an adequate showing of probable cause to support the issuance by a court of competent jurisdiction of a lawful warrant or writ executed by legally authorized law enforcement officers.

We hereby urge business leaders, educators, members of the media, legislators, government officials as well as judicial and law enforcement officers to use their best combined efforts to reinstate and promote the legal and commercial framework necessary to establishing and maintaining well-functioning, sound monetary systems based on choice in currency.


The signatories hereto concur in the general principles expressed in the foregoing declaration notwithstanding specific reservations some may have as to how such principles should be interpreted and applied in practice.

 

Ron Hera

Bin Laden’s Spy In America


 

A Wave of Destruction Will Destroy America’s East Coast


Around this time of the year many Britons look towards the Canary Islands for a sunshine break. What most don’t know, however, is that on one of the Canary Islands lies a major global catastrophe in the making, a natural disaster so big that it could flatten the Atlantic coastlines of Britain, Europe, North Africa and the United States of America and cause enormous damage to London and other UK cities. Scattered across the world,s oceans are a handful of rare geological time-bombs which, once unleashed, create an extraordinary phenomenon, a gigantic tidal wave, called a Mega Tsunami. These are able to cross oceans and ravage countries on the other side of the world. The word Tsunami derives from the Japanese for harbour wave. They are normally generated by offshore earthquakes, sub-marine landslides and undersea volcanic activity, and range from barely perceptible waves to walls of water up to 300 feet high.

 

Recently, scientists have realised that the next Mega Tsunami is likely to begin on one of the Canary Islands, off the coast of North Africa, where a wall of water will one day race across the entire Atlantic Ocean at the speed of a jet airliner to devastate the east coast of the United States, the Caribbean and Brazil.

 

Dr Simon Day, who works at the Benfield Greig Hazards Research Centre, University College London*, says that one flank of the Cumbre Vieja volcano on the island of La Palma, in the Canaries, is unstable and could plunge into the ocean during the volcano’s next eruption.

 

Dr. Day says: “If the volcano collapsed in one block of almost 20 cubic kilometres of rock, weighing 500 billion tonnes – twice the size of the Isle of Wight – it would fall into water almost 4 miles deep and create an undersea wave 2000 feet tall. Within five minutes of the landslide, a dome of water about a mile high would form and then collapse, before the Mega Tsunami fanned out in every direction, travelling at speeds of up to 500 mph. A 330ft wave would strike the western Sahara in less than an hour.”

 

Europe would be protected from the fiercest force by the position of the other Canary Islands, but the tsunami would still bring 33ft waves to Lisbon and La Coruña within three hours.

 

After six hours it would reach Britain, where waves up to 40 ft high would hit southwest England at 500 miles per hour, travel a mile inland and obliterate almost everything in its path. Even Britain’s more sheltered shores, in the North Sea and Irish Sea, will be struck by smaller but still significant swells, causing widespread flooding in major coastal cities.

 

“We need better models to see what the precise effects on Britain will be.” Dr. Day said. However, it is likely that London could suffer sever inundation as the Thames Barrier’s ability to cope with such a dramatic rise in water levels exceeds its design specifications.

 

“The Thames estuary is already subject to major tidal surges,” says Dr. Day, “and the Mega Tsunami could raise water levels by as much as 20 feet, with the surge travelling up the river at some 200 miles per hour.” Devastation along both banks of the Thames would be huge, with many parts of the City and areas along both the north and south banks of the river as far as Putney Bridge and beyond experiencing severe damage. The effects on the London underground are hard to imagine, but the entire network would become flooded and the consequent loss of life would be immense.”

 

Indeed, parts of London would be uninhabitable for perhaps months and the cost of repairing and rebuilding the damage would be astronomical. Imagine, if you will, what effects such a massive inundation would have on some of our major public buildings near the Thames; The Houses of Parliament, Westminster Abbey, Canary Wharf, Buckingham Palace, The Tower of London, and the South Bank are only a few of the many London landmarks that would be severely damaged, as indeed would the entire City of London.

 

However, the destruction in the United Kingdom will be as nothing compared to the devastation reeked on the eastern seaboard of the United States. Dr. Day claims that the Mega Tsunami will generate a wave that will be inconceivably catastrophic. He says: “It will surge across the Atlantic at 500 miles per hour in less than seven hours, engulfing the whole US east coast with a wave almost two hundred feet high ” higher than Nelson,s Column ” sweeping away everything in its path up to 20 miles inland. Boston would be hit first, followed by New York, then all the way down the coast to Miami, the Caribbean and Brazil.” Millions would be killed, and as Dr. Day explains: “It’s not a question of “if” Cumbre Vieja collapses, it’s simply a question of “when”.

 

Merkel tells Netanyahu new settlement plans ‘raise doubts’ Israel is serious about new talks


September 30, 2011

BERLIN – German Chancellor Angela Merkel says Israel’s decision to green-light new Jewish housing units in east Jerusalem has “raised doubts that the Israeli government is interested in starting serious negotiations” with the Palestinians.

Merkel’s spokesman, Steffen Seibert, said in a statement Friday that Merkel has called Israeli Prime Minister Benjamin Netanyahu to tell him “it is now necessary to dispel those doubts.”

Seibert says Merkel told Netanyahu it is important to start negotiations “as soon as possible” on a two-state solution and that in the meantime both sides must refrain from “provocative acts.”

The Palestinians condemned the settlement plan after it was announced Tuesday, and the U.S., EU and U.N. all swiftly expressed their disappointment.

Read it on Global News: Global BC | Merkel tells Netanyahu new settlement plans ‘raise doubts’ Israel is serious about new talks

US Army to leave behind 313 million dollar equipment in Iraq to save shipping costs


http://colonel6.com/2010/04/26/leaving-iraq-logistics-move-staggering/

Friday 30th September, 2011

The US Army will handover military equipment worth millions of dollars to Iraq rather than ship the hardware to its home country, as 45,000 American troops prepare to withdraw from Iraq by December 31.Pentagon planners estimate that 3.47 million equipment pieces worth 313 million dollars would be handed over to the Iraqi Government, Fox News reports.

US Forces spokesperson for Iraq, Major General Jeffrey Buchanan said it would be expensive to carry these supplies to the home country along with the troops.

He, however, said the US military would not relinquish any weapons, humvees, tanks or heavily armored vehicles.

“It seems to me we really have three choices. We can either leave the equipment to whoever may find it, basically abandon it as we transition the base, or we can pay the millions of dollars it would take to move this equipment back to the United States,” he said.

“Or we can maintain complete accountability of it and transfer it to the government of Iraq, who may still be able to get some use out of it, ” he added.

Military officials estimate that American taxpayers will save 600 million dollars by leaving behind the equipment in Iraq.

Also, it would be more cost-effective to leave behind equipment in Iraq rather than to carry it back to the US in the wake of looming budget cuts.

The most valuable equipment, which comprised 1.5 million items, has already been shipped home in the past 12 months. (ANI)

@ColonelSixx

“The mistakes are all waiting to be made”
Savielly Grigorievitch Tartakower (1887-1956)

FBI Plot to Blow Up Pentagon and Capitol with Model Planes


 

 

 

http://colonel6.com/2011/09/29/documents-reveal-that-fbi-openly-targets-the-innocent/

 

http://colonel6.com/2011/09/29/the-f-b-i-gets-criminials-the-old-fashioned-way-they-make-them-up/

 

Kurt Nimmo
Infowars.com
September 30, 2011

The homegrown terror narrative took a bizarre turn this week when the government arrested an American on charges he planned to blow up the Pentagon and the U.S. capitol with a model airplane.

Rezwan Ferdaus, a U.S. citizen from Ashland, Massachusetts, was duped into thinking a harmless substance provided by the FBI was C-4 plastic explosives. FBI agents also gave Ferdaus six AK-47 assault rifles and three grenades. None of the weapons worked.

Ferdaus bought a model airplane for $6,500 and kept it secreted away in a rented storage facility in Framingham, Massachusetts. The FBI gave their dupe the money to buy the toy. He had plans to buy other military-style model aircraft.

He also allegedly provided agents with cell phones rigged to act as electric switches for improvised explosive devices, intended to be used to kill U.S. soldiers.

“The person was never really a threat,” a nameless law enforcement official told CNN.

“There is no information to indicate he was connected to a foreign terrorist organization. It appears he was radicalized watching videos on the internet. He was given the opportunity to back down, but he never wavered” from his intention – thanks to FBI encouragement – to carry out the attacks, the unidentified source said.

Despite this, Ferdaus will be charged with attempting to provide material support and resources to al-Qaeda.

Ferdaus is another dupe in a long line of FBI patsies tricked into participating in absurd terror attacks cooked up by the federal government in order to propagandize a “homegrown” terror threat.

It does this because there is virtually no homegrown terror in the United States, even though the feds tell us there is and they hold hearings to scare us into supporting spending billions on Homeland Security and its tireless efforts to bring intrusive sexual molestation pat-downs to the local football stadium and mall.

Not long after the corporate media launched its predictable and lame homegrown terror mantra this week, civil liberties groups began complaining about FBI entrapment.

“It deeply concerns us. It is another in a pattern of high-profile cases. Would this person have conceived or executed this plot without the influence of the FBI?” asked Heidi Boghosian, president of the National Lawyers Guild.

“There is a big, big difference between a plot initiated by the FBI and a plot initiated by a suspect, and it seems this might have been initiated by the FBI,” said Ibrahim Hooper, director of communications for the Council on American-Islamic Relations.

The government’s affidavit against Ferdaus mentions a person identified simply as “CW” who had a criminal record and served time in prison. CW met Ferdaus in December 2010 and began recording his conversations. After CW made contact with Ferdaus, the FBI stepped in and began goading him into committing a terrorist attack. They gave him money to scout targets and provided him with disabled weapons.

It is a familiar pattern. The FBI dispatched a criminal to hunt down a mentally deranged Muslim and get him talking about the fantasy of jihad and al-Qaeda. Next the FBI dispatched agents who posed as terrorists and they gave the mentally impaired person disabled weapons and fake explosives. It is not a stretch to assume they also thought up the crackpot model airplane idea and planted it in Ferdaus’ mind.

“The US has a vast and very expensive Homeland Security bureaucracy with nothing to do. There hasn’t been a terrorist attack in America since 2001,” writes Paul Craig Roberts. “As very few, if any, real terrorists have turned up, the FBI has resorted to creating terrorists by soliciting Muslim-Americans and appealing to them with schemes to aid ‘jihadists’… Like the police who find it easier to frame people than to convict them on the evidence, the FBI will find it easier to manufacture ‘terrorists’ with entrapment than to catch real terrorists.”

The Ferdaus case is anther example of this. Since there is virtually no terror threat in America, the government has to create it in order to keep their bogus and wasteful war against manufactured terrorism alive.

How else are they going to get our consent to invade small defenseless countries and roll out their high-tech surveillance grid in the homeland?

The Danger and Consequences of an EMP attack


 

28 September 2011

Not only extreme Solar Flares /CME / “geomagnetic storming” can cause power outage, damage radio and satellite telecommunications or other technological systems, but also an EMP burst.

An electromagnetic pulse (sometimes abbreviated EMP) is a burst of electromagnetic radiation. The abrupt pulse of electromagnetic radiation usually results from certain types of high energy explosions, especially a nuclear explosion, or from a suddenly fluctuating magnetic field. The resulting rapidly changing electric fields and magnetic fields may couple with electrical/electronic systems to produce damaging current and voltage surges.

In military terminology, a nuclear bomb detonated hundreds of kilometers above the Earth’s surface is known as a high-altitude electromagnetic pulse (HEMP) device. Effects of a HEMP device depend on a very large number of factors, including the altitude of the detonation, energy yieldgamma ray output, interactions with the Earth’s magnetic field, and electromagnetic shielding of targets.

An electromagnetic pulse (EMP) over the United States could end modern life in America overnight. Whether caused by an enemy attack (a nuclear device detonated above the atmosphere) or by a natural phenomenon (a geomagnetic storm), an EMP can cause entire regions of the country to lose electricity—permanently.

A wave of EMP creates three chaotic effects.

First, the electromagnetic shock can disrupt electrical devices.

The second effect is similar to lightning—a power surge that would burn circuits and immobilize electronic components and systems.

The third is a pulse effect that flows through electricity trans­mission lines, damaging distribution centers and fusing power lines. Any of these can cause irreversible damage to an electronic system.

The result of a massive EMP event could be devastating. Communications would collapse, transportation would halt, and electrical power would simply be nonexistent.

Not even a global humanitarian effort would be enough to keep hundreds of millions of Americans from death by starvation, exposure, or lack of medicine. Nor would the catastrophe stop at U.S. borders. Most of Canada would be devastated, too, as its infrastructure is integrated with the U.S. power grid. Without the American economic engine, the world economy would quickly collapse Earth would most likely recede into the “new” Dark Ages.

Most Americans do not know this. A nation that does not know how to live without technology would be almost entirely stripped of it at that point. Yes, this could really happen.

An EMP attack is America’s “Achilles heel”

The U.S. is completely unprepared and everyone around the world knows it.  It is only a matter of time before someone uses an EMP weapon against the U.S.

EMP attack: Only 30 Million Americans Survive

 

Life after an EMP Attack: No Power, No Food, No Transportation, No Banking and No Internet

Report of the commission to access the threat to the United States from Electromagnetic Pulse (EMP) Attack 

Before the Lights go out: A survey of EMP preparedness reveals significant shortfalls

Is the United States prepared for a ‘Black Swan’ Disaster Event?

 

 

 

Mega Tsunami and catastrophic effects if CUMBRE VIEJA VOLCANO Palma Canary Islands Collapse


 

Mega Tsunami and catastrophic effects IF CUMBRE VIEJA VOLCANO Palma Canary Islands Collapse..

Large-scale mass wasting is a natural part of the evolution of volcanic islands, where deformation and indications of flank instability, such as large-scale faulting and seismic and aseismic slip are common. The Cumbre Vieja volcano on the island of La Palma (Canary Islands) provides an ideal setting to address fundamental questions about the structure, evolution and stability of island volcanoes. Read full article HERE

Scientists discover how huge blocks of volcanic rock can slide off a land mass into the ocean through heat and water pressure.

There is a potential for a devastatin­g Tsunami on the East Coast of the United States, having its genesis in the Canary Islands.  If this event were to take place, it would devastate vast areas of the East Coast of America.  According to experts, it’s not a question of IF this occurs, but WHEN… Read full article HERE

Mega tsunami is meant to refer to a tsunami with an initial wave amplitude (wave height) measured in several tens, hundreds, or possibly thousands of meters. La Palma is currently the most volcanically active island in the Canary Islands Archipelago. It is likely that several eruptions would be required before failure would occur on Cumbre Vieja. However, the western half of the volcano has an approximate volume of 500 km3 (5 x 1011 m3) and an estimated mass of 1.5 x 1015 kg. If it were to catastrophically slide into the ocean, it could generate a wave with an initial height of about 1,000 metres (3,281 ft) at the island, and a likely height of around 50 metres (164 ft) at the Caribbean and the Eastern North American seaboard when it runs ashore eight or more hours later.

Potential collapse and tsunami at La Palma, Canary Islands

 

Physical Silver Shortages Growing, Premiums Rising


September 29, 2011 By Patrick A. Heller Leave a Comment
In my Numismaster column (http://www.numismaster.com/ta/numis/…rticleId=24149) earlier this week, I discussed some facts about what led to the sudden sharp drop in gold and silver prices, then speculated on some possible events that might be occurring behind the scenes. I concluded that the drop in prices represented a bargain buying opportunity instead of being an indication that the gold and silver markets were past their peak.

The last sentence of the column noted that delivery times on physical silver were backing up. In the two days since, there has been a significant slowdown in deliveries. Further, premiums are on the rise. The reason for these trends is that virtually everyone is a buyer of physical silver and not a seller at this week’s lower prices. Not only are people buying, but they are buying right away rather than taking time to “think about it.”

The product experiencing the longest delay right now is Johnson Matthey 100 Ounce silver ingots. Buyers will have to wait for new product to be fabricated. The end of the line, as I type this in the early afternoon on September 29, is about 7 weeks delay. By the time this is published, the delay will almost certainly be longer.

For most sizes of silver ingots, US American Silver Eagles, and Canadian

Occupy Wall Street Joined by NYC Transit Union


30 September 2011

New York City labor unions are preparing to back the unwieldy grassroots band occupying a park in Lower Manhattan, in a move that could mark a significant shift in the tenor of the anti-corporate Occupy Wall Street protests and send thousands more people into the streets.

The Transit Workers Union Local 100’s executive committee, which oversees the organization of subway and bus workers, voted unanimously Wednesday night to support the protesters. The union claims 38,000 members. A union-backed organizing coalition, which orchestrated a large May 12 march on Wall Street before the protests, is planning a rally on Oct. 5 in explicit support. And SEIU 32BJ, which represents doormen, security guards and maintenance workers, is using its Oct. 12 rally to express solidarity with the Zuccotti Park protesters.

“The call went out over a month ago, before actually the occupancy of Wall Street took place,” said 32BJ spokesman Kwame Patterson. Now, he added, “we’re all coming under one cause, even though we have our different initiatives.”

The protests found their genesis not in any of the established New York social action groups but with a call put out by a Canadian magazine. While other major unions beyond the TWU have yet to officially endorse Occupy Wall Street, more backing could come as early as this week. Both the New York Metro Area Postal Union and SEIU 1199 are considering such moves.

Jackie DiSalvo, an Occupy Wall Street organizer, says a series of public actions aimed at expressing support for labor — from disrupting a Sotheby’s auction on Sept. 22 to attending a postal workers’ rally on Tuesday — have convinced unions that the two groups’ struggles are one.

“Labor is up against the wall and they’re begging us to help them,” said DiSalvo, a retired professor at Baruch College in her late 60s who has emerged as a driving force in the effort to link up labor and the protests. DiSalvo is herself a member of the Professional Staff Congress, which represents teachers at the City University of New York.

Recent anti-labor actions like Scott Walker’s in Wisconsin “really shocked the unions and moved them into militant action,” DiSalvo said, and the inflammatory video of a NYPD deputy inspector pepper-spraying several protesters on Saturday also generated union sympathy.

“There’s a lot of good feeling. They’ve made a lot of friends,” said Chuck Zlatkin of the postal union.

When a band of about 100 protesters showed up at a postal workers’ rally featuring Rep. Jerrold Nadler (D-N.Y.) on Tuesday, complete with purple hair and big drums, “they went a long way towards touching people and making connections,” Zlatkin observed.

If unions move to support the protests in a major way, that could mean thousands more people marching in Lower Manhattan. Thus far the protesters have not managed to come near the 10,000 or so who attended the unrelated May 12 march on Wall Street. The Strong Economy for All Coalition, which receives support from the United Federation of Teachers, the Working Families Party, plus SEIU 32BJ and 1199, previously helped put together that demonstration. Now they will be rallying for the grassroots group.

“Their fight is our fight,” director Michael Kink said. “They’ve chosen the right targets. We also want to see a society where folks other than the top 1 percent have a chance to say how things go.”

Asked if the union support could dilute the message of the Occupy Wall Street protesters — which has itself been dismissed as incoherent — organizer DiSalvo said the rag tag group’s stance would remain unchanged.

“Occupy Wall Street will not negotiate watering down its own message,” she said, union support or not.

@ColonelSixx
 In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot.
Mark Twain