Tuesday, April 19, 2011
The Truth about silver and inflation
Silver futures surged today to a new 31-year high of $42.80 per ounce. Silver is up 146% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. All we need is for silver to rise by another 15.5% and silver will reach its all time high set in 1980 of $49.45 per ounce.
Keep in mind, silver's high of $49.45 per ounce in 1980 would equal about $140 per ounce in today's dollars adjusted to the consumer price index and about $400 per ounce in today's dollars adjusted to the real rate of price inflation. Despite silver's huge gains in recent months, we have yet to see silver rise by $2 or more in a single day. When we start to see a true "silver mania" with investors around the world rushing out of their U.S. dollars and panic buying silver, we expect to see silver gain by $5 to $10 in a single day on more than one occasion.
Back in February of last year when silver dipped to below $15 per ounce, we sent out an alert saying, "NIA believes this is a once in a lifetime entry point for those wishing to go long silver at a bargain basement price". NIA suggested silver call options in February of last year that ended up gaining over 1,000%. NIA's latest silver stock suggestion is currently up 175% from our profile price.
In NIA's top 10 predictions for 2010, we predicted a major decline in the gold/silver ratio, which was 64 at the time. The gold/silver ratio declined in 2010 down to 46, and in our top 10 predictions for 2011, we predicted another major decline in the gold/silver ratio and projected for it to decline this year to 38. NIA has been the most bullish organization in the world on silver, yet recent gains in the price of silver have surpassed even our short-term expectations. The gold/silver ratio is now down to 35 and we believe it will decline to at least 16 this decade, and possibly as low as 10.
The artificially high gold/silver ratio of the past century will be looked back at as an anomaly caused by the silver price suppression scheme of the Federal Reserve, which was in cahoots with Bear Stearns and now JP Morgan. NIA's President Gerard Adams exposed this scheme in NIA's critically acclaimed documentary 'Meltup', which has now been viewed by over 1 million people with an overwhelming 96% of its viewers giving it a thumbs up, a world record for an economic documentary. According to Mr. Adams, the Federal Reserve chose to bail out Bear Stearns and not Lehman Brothers, because Bear Stearns was the holder of a massive naked short position in silver that they were on the verge of being forced to cover.
It is not a coincidence that Bear Stearns failed on the very day silver reached its then multi-decade high of $21 per ounce. Bear Stearns was on the verge of being forced to cover their naked short position, which could have sent silver from $21 per ounce to $50 per ounce overnight. By bailing out Bear Stearns and allowing JP Morgan to acquire Bear Stearns' assets with the promise to cover any losses derived from them, JP Morgan was able to continue managing the silver short position and orchestrate a manipulative take down in 2008 from $21 per ounce down to $8 per ounce.
Only ten times more silver has been produced in world history than gold and from the years 1000 to 1873, a period of 873 years, the gold/silver ratio remained between 10 and 16. In fact, the Coinage Act of 1834 defined a gold/silver ratio of 16. The gold/silver ratio started to rise after silver was demonetized in 1873. Despite silver being demonetized, we saw the gold/silver ratio return to 16 on three occasions during the past century: in 1919, 1968, and 1980.
It was only ten months ago in June of 2010 that the gold/silver ratio was 70. With the gold/silver ratio now at 35, it means that silver investors have seen their purchasing power double over the past ten months, while those with their savings in U.S. dollars have seen their purchasing power decline by 20%. That's right, forget about NIA's silver call option that gained over 1,000% and forget about NIA's most recent silver stock suggestion that is currently up 175%; the simple act of following NIA's most basic suggestion of getting rid of your U.S. dollars and buying physical silver means that over the past ten months, your purchasing power has doubled while non-NIA members with U.S. dollars lost 1/5 of their real wealth.
The Federal Reserve can claim all they want that there is no inflation, but as we write this article we are eating Ben & Jerry's ice cream that we just bought at Quick Chek for $5 a pint. Three years ago, the same pint of Ben & Jerry's ice cream at Quick Chek cost us $3. Three years ago, one ounce of gold would have bought 295 pints of Ben & Jerry's ice cream and it still buys 295 pints of Ben & Jerry's ice cream today. Three years ago, one ounce of silver would have bought 5.7 pints of Ben & Jerry's ice cream and today it buys 8.5 pints of Ben & Jerry's ice cream.
Americans with their savings in U.S. dollars can today only afford 3/5ths of the ice cream that they could have bought three years ago, but those with their savings in gold have maintained their purchasing power, and those with their savings in silver have greatly increased their purchasing power. NIA is 100% sure that the gold/silver ratio will decline to at least 16 within the next few years, and that will mean those with silver will once again more than double their purchasing power. Considering that the gold/silver ratio overshot to the upside and was as high as 100 in 1991, we fully expect it to overcorrect to the downside and possibly reach a low of 10 this decade. That would mean a more than tripling of ones purchasing power from the current ratio of 35.
When silver rose to $49.45 per ounce in 1980, the government said that the rise was due to the Hunt brothers "cornering" the silver market. The truth is, silver reached $49.45 in 1980 due to the massive inflation that was created by the U.S. government during the 1970s, and the Hunt brothers were used as a scapegoat. The Hunt brothers were accumulating silver in order to protect themselves from a collapsing U.S. dollar, just like NIA has been encouraging its members to do in a countless number of articles and videos over the past two years.
When the Hunt brothers were accused by the U.S. government of "cornering" the silver market and trying to manipulate silver prices higher, they only owned a concentrated long position of approximately 100 million ounces of silver. JP Morgan today has a concentrated naked short position in silver of approximately 122.5 million ounces, but the U.S. government doesn't seem to have any problem with it.
The problem with the Hunt brothers' strategy of accumulating such a large concentrated long position in silver is that after silver prices rose, their position was simply too large for them to ever sell without causing silver prices to crash. With silver reaching $49.45 per ounce in early 1980, the world was about to lose confidence in the U.S. dollar, which would have caused an outbreak of hyperinflation. In a desperate attempt to save the U.S. dollar and prevent hyperinflation, the CBOT raised margin requirements and limited traders' positions to only 3 million ounces of silver futures. The COMEX also limited traders' positions to 10 million ounces of silver futures. Not only that, but the COMEX and CBOT only had a total of 120 million ounces of silver in inventory, and the COMEX was likely going to default from futures contract holders requesting physical delivery. The COMEX was forced to go into "liquidation only" mode, ending all silver futures contract buying.
Combined with the Federal Reserve rapidly rising interest rates, silver prices began to plunge and the Hunt brothers were hit with massive margin calls. On one single day in March of 1980 when the Hunt brothers were forced to liquidate a large part of their position, silver lost 1/3 of its value, declining by over $5 to $10.80 per ounce. That represented a total decline of 78% from its high two months earlier.
NIA has been receiving a countless number of emails asking if now is the time to sell silver, and if silver could crash by 78% once again like it did in 1980. The fact is, while the Hunt brothers' 100 million ounce concentrated silver position was on the long side, JP Morgan's 122.5 million ounce concentrated silver position is on the short side.
While the Hunt brothers' long position was impossible to sell without causing silver prices to crash, JP Morgan's naked short position is impossible to cover without causing silver prices to explode to the upside. Being that the CFTC was so quick in 1980 to support the position limits that were then imposed by the CBOT and COMEX, NIA believes it would only be fair for the CFTC to mandate similar position limits today. This is unlikely to occur because the U.S. government believes JP Morgan's silver manipulation to be a good thing, since it is giving the phony appearance that the U.S. dollar still has purchasing power. The free market will ultimately win in the end and silver prices will soar through the roof to where they belong based on supply and demand fundamentals.
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Food supply contaminated by Fukushima
(NaturalNews) The US Environmental Protection Agency (EPA) continues to release new data showing that various milk and water supply samples from across the US are testing increasingly high for radioactive elements such as Iodine-131, Cesium-134, and Cesium-137, all of which are being emitted from the ongoing Fukushima Daiichia nuclear fallout. As of April 10, 2011, 23 US water supplies have tested positive for radioactive Iodine-131 (http://opendata.socrata.com/w/4ig7-...), and worst of all, milk samples from at least three US locations have tested positive for Iodine-131 at levels exceeding EPA maximum containment levels (MCL)
As far as the water supplies are concerned, it is important to note that the EPA is only testing for radioactive Iodine-131. There are no readings or data available for cesium, uranium, or plutonium -- all of which are being continuously emitted from Fukushima, as far as we know -- even though these elements are all much more deadly than Iodine-131. Even so, the following water supplies have thus far tested positive for Iodine-131, with the dates they were collected in parenthesis to the right:
Los Angeles, Calif. - 0.39 pCi/l (4/4/11)
Philadelphia (Baxter), Penn. - 0.46 pCi/l (4/4/11)
Philadelphia (Belmont), Penn. - 1.3 pCi/l (4/4/11)
Philadelphia (Queen), Penn. - 2.2 pCi/l (4/4/11)
Muscle Shoals, Al. - 0.16 pCi/l (3/31/11)
Niagara Falls, NY - 0.14 pCi/l (3/31/11)
Denver, Colo. - 0.17 pCi/l (3/31/11)
Detroit, Mich. - 0.28 pCi/l (3/31/11)
East Liverpool, Oh. - 0.42 pCi/l (3/30/11)
Trenton, NJ - 0.38 pCi/l (3/29/11)
Painesville, Oh. - 0.43 pCi/l (3/29/11)
Columbia, Penn. - 0.20 pCi/l (3/29/11)
Oak Ridge (4442), Tenn. - 0.28 pCi/l (3/29/11)
Oak Ridge (772), Tenn. - 0.20 pCi/l (3/29/11)
Oak Ridge (360), Tenn. - 0.18 pCi/l (3/29/11)
Helena, Mont. - 0.18 pCi/l (3/28/11)
Waretown, NJ - 0.38 pCi/l (3/28/11)
Cincinnati, Oh. - 0.13 pCi/l (3/28/11)
Pittsburgh, Penn. - 0.36 pCi/l (3/28/11)
Oak Ridge (371), Tenn. - 0.63 pCi/l (3/28/11)
Chattanooga, Tenn. - 1.6 pCi/l (3/28/11)
Boise, Id. - 0.2 pCi/l (3/28/11)
Richland, Wash. - 0.23 pCi/l (3/28/11)
Again, these figures do not include the other radioactive elements being spread by Fukushima, so there is no telling what the actual cumulative radiation levels really were in these samples. The figures were also takentwo weeks ago, and were only just recently reported. If current samples were taken at even more cities, and if the tests conducted included the many other radioactive elements besides Iodine-131, actual contamination levels would likely be frighteningly higher.
But in typical government fashion, the EPA still insists that everything is just fine, even though an increasing amount of US water supplies are turning up positive for even just the radioactive elements for which the agency is testing -- and these levels seem to be increasing as a direct result of the situation at the Fukushima plant, which continues to worsen with no end in sight
Water may be the least of our problems, however. New EPA data just released on Sunday shows that at least three different milk samples -- all from different parts of the US -- have tested positive for radioactive Iodine-131 at levels that exceed the EPA maximum thresholds for safety, which is currently set at 3.0 pico Curies per Liter (pCi/l).
In Phoenix, Ariz., a milk sample taken on March 28, 2011, tested at 3.2 pCi/l. In Little Rock, Ark., a milk sample taken on March 30, 2011, tested at 8.9 pCi/l, which is almost three times the EPA limit. And in Hilo, Hawaii, a milk sample collected on April 4, 2011, tested at 18 pCi/l, a levelsix times the EPA maximum safety threshold. The same Hawaii sample also tested at 19 pCi/l for Cesium-137, which has a half life of 30 years (http://www.naturalnews.com/031992_r...), and a shocking 24 pCi/l for Cesium-134, which has a half life of just over two years (http://opendata.socrata.com/w/pkfj-...).
Why is this milk contamination significant? Milk, of course, typically represents the overall condition of the food chain because cows consume grass and are exposed to the same elements as food crops and water supplies. In other words, when cows' milk starts testing positive for high levels of radioactive elements, this is indicative of radioactive contamination of the entire food supply.
And even with the milk samples, the EPA insanely says not to worry as its 3.0 pCi/l threshold is allegedly only for long-term exposure. But the sad fact of the matter is that the Fukushima situation is already a long-term situation. Not only does it appear that the Fukushima reactor cores are continuing to melt, since conditions at the plant have not gotten any better since the earthquake and tsunami, but many of the radioactive elements that have already been released in previous weeks have long half lives, and have spread halfway around the world.
The other problem with the EPA's empty reassurances that radiation levels are too low to have a negative impact on humans is the fact thatthe agency does not even have an accurate grasp on the actual aggregate exposure to radiation from all sources (water, food, air, rain, etc.). When you combine perpetual exposure from multiple sources with just the figures that have already been released, there is a very real threat of serious harm as a result of exposure.
The EPA and other government agencies are constantly comparing Fukushima radiation to background and airplane radiation in an attempt to minimize the severity of exposure, even though these are two completely different kinds of radiation exposure.
No safe level of radiation from nuclear falloutBackground and airplane radiation is an external emitter of radiation, while Fukushima-induced radiation in food and water is an internal emitter. The former, which is considered "normal" radiation, hits your body from the outside, while the latter goes directly inside your body and into your digestive tract. It doesn't take a rocket scientist to see the immense difference between the two, and the much more severe consequences associated with literally ingesting radiation verses having it hit your skin.
In reality, there really is no safe level of radiation. No matter how many times the EPA and others repeat the lie that radiation levels are too low to have any significant impact, the statement itself is patently false. Many experts, including Jeff Patterson, DO, former President of Physicians for Social Responsibility, have stated that radiation exposure at any level is unsafe, and they are correct.
"There is no safe level of radionuclide exposure, whether from food, water or other sources. Period," said Patterson. "Exposure to radionuclides, such as Iodine-131 and Cesium-137, increases the incidence of cancer. For this reason, every effort must be taken to minimize the radionuclide content in food and water."
And now that radioactive levels in some areas have actually exceeded EPA maximums, Patterson's statement is even more chilling. So while the mainstream media continues its near-total blackout on Fukushima, the situation is actually becoming more severe than it has ever been. Time will tell how severe the long-term effects of this disaster will be, but one thing is for sure -- Fukushima radiation cannot and should not be taken lightly.
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Homosexuals burned alive in Iraq
GOD hate the homosexuality
But GOD loves the sinner and want everybody to repent and find salvation through Jesus.
This video is shocking and it's what Islam is about.
Romans 126For this cause God gave them up unto vile affections: for even their women did change the natural use into that which is against nature:
27And likewise also the men, leaving the natural use of the woman, burned in their lust one toward another; men with men working that which is unseemly, and receiving in themselves that recompence of their error which was meet.
28And even as they did not like to retain God in their knowledge, God gave them over to a reprobate mind, to do those things which are not convenient;
Be aware that are crude images
Here is the link:
http://creepingsharia.wordpress.com/2011/04/09/homosexuals-burned-alive-in-iraq-video/
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Wells Fargo tests Microchips for globetrotting Card Clients
Wells Fargo & Co. (WFC), the U.S. bank with the most branches, is testing microchip-embedded credit cards with frequent travelers to address complaints of customers who have trouble using their cards abroad.
The pilot program announced today marks the first effort by a major U.S. bank to deploy Visa Inc. (V) credit cards with so-called EMV-chip technology, which has become a standard in Europe and much of the rest of the world, according to San Francisco-based Wells Fargo.
“It’s not an infrequent message from our customers of the acceptance challenges they have when they go overseas,” Eric Schindewolf, vice president of product development for Wells Fargo’s consumer credit-card unit, said yesterday in a phone interview. “We want to remain top-of-wallet, wherever our customers are.”
The lender is preparing to notify 15,000 customers it identified as frequent travelers, including college students and clients of its private bank, that they’ve been invited to participate in the pilot. The cardholders will receive the EMV cards in the middle of the year.
The U.S. is among the last developed nations whose payment system relies primarily on cards with magnetic stripes and hasn’t yet adopted EMV. Standards for the technology are managed by EMVCo, which was formed in 1999 by Europay International, Mastercard Inc. (MA), based in Purchase, New York, and San Francisco- based Visa. American Express Co. (AXP), the biggest U.S. credit-card issuer by purchases, is also an EMVCo member.
‘Widespread Consensus’“There’s a widespread consensus around the world that it’s a more secure” payment technology, said Gwenn Bézard, an analyst at Aite Group, a Boston-based research firm.
The EMV chip creates a “dynamic cryptogram” that prevents the use of fraudulent or cloned credit-cards, Schindewolf said. Wells Fargo’s EMV cards still will carry magnetic stripes for use in the U.S., which leaves the embedded data more exposed to a type of fraud known as skimming.
Almost 10 million U.S. consumers experienced credit-card acceptance problems abroad in 2008, costing about $4 billion in lost transactions for merchants and $447 million in revenue for card issuers, according to a 2009 study by Aite.
A common problem facing U.S. consumers is that some merchants abroad are unfamiliar with magnetic-stripe cards and may refuse to accept them, Schindewolf said. Some self-serve kiosks outside the U.S. aren’t equipped to accept payments with magnetic-stripe cards, he said.
Expanding ProgramThe Wells Fargo program represents a “half-step” in catching up with payment technology ubiquitous in the rest of the developed world, said Brian Dodge, spokesman for the Arlington, Virginia-based Retail Industry Leaders Association, a trade group for the retail industry.
“The system used in the United States is similar to that used in North Korea,” Dodge said. “Any system that reduces fraud is a win for consumers and a win for retailers.”
The United Nations Federal Credit Union was the first U.S. lender to roll out EMV when it sent 5,000 cards to its most affluent members in October. The Long Island City, New York- based firm plans to expand the program to 75,000 members within the next year, said Merrill Halpern, assistant vice president of card services.
Canada is converting to EMV technology. All cards and automated teller machines must be compatible with the technology by Dec. 31, 2012, according to Catherine Johnston, president and chief executive officer ofACT Canada, which represents banks and payment networks.
U.S. consumers will see more banks testing the market for EMV-ready cards over the next year, Bézard said. “You’re going to see more small steps like that.”
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Fukushima issues 6-9 month containment plan
The operator of the damaged Fukushima Daiichi nuclear power plant has announced a schedule for getting the crisis under control in 6 to 9 months.
Tokyo Electric Power Company chairman Tsunehisa Katsumata explained the plan at a news conference on Sunday.
He said a two-stage process is scheduled. In the first stage over the next 3 months, TEPCO aims to cool the Number 1 and 3 reactors in a stable manner. It plans to cover fuel rods with water by injecting water into the containment vessels. The company also plans to purify contaminated water and return it to the reactors. It will set up heat exchangers to remove heat from the reactors.
TEPCO says it will contain the radioactivity leakage from the Number 2 reactor by patching the damaged section. Then it will take the same measures as at the Number 1 and 3 reactors.
In the second stage, TEPCO plans to lower the temperature of the fuel in the reactors to below 100 degrees Celsius to stabilize its condition.
Regarding the release of radioactive substances, it will set up water purification facilities to tackle highly contaminated water.
TEPCO also plans to put giant covers over the reactor buildings to prevent the release of radioactive substances into the air.
Regarding environmental monitoring, in the first stage, TEPCO will increase the number of monitoring points within the government-set evacuation areas. In the second stage, it will carry out decontamination to reduce radiation levels in the area.
University of Tokyo graduate school professor Koji Okamoto says officials must approach the work flexibly, be prepared for unexpected situations, and be sure to release plenty of information as they make progress.
NHK
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