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CBC - Brookvale Ski Park moves to mandatory helmets
Brookvale
Provincial Ski Park will introduce a mandatory helmet policy for all
users of the downhill facility for the coming ski season, says Heath
MacDonald, the minister responsible for P.E.I.'s provincial parks.
"We want to ensure that all users of Brookvale's downhill
facility enjoy their experience and at the same time have some level of
protection against head injury," said MacDonald in a news release. The province has previously balked at making helmet use
mandatory, saying there were no models approved for ski use by the
Canadian Standards Association. In 2011 it announced it was stepping up education campaigns.
The province noted very few
ski areas in North America have mandatory helmet policies, but recent
legislation passed in Nova Scotia, and new mandatory policies at another
hill in the region helped encourage the province to institute a new
policy at Brookvale.
The move comes as welcome news to Ken Murnaghan, president of the Brain Injury Association of P.E.I. "I think it's great, you know. It's something that we have been
fighting for, trying to enforce mandatory helmet use on Brookvale ski
hill," said Murnaghan. "I would have liked to see the government go a little further in
making helmets mandatory on all ski hills. It's not just Brookvale that
skiers go to to ski, you know, and tobogganing and whatnot." Still Murnaghan says the mandatory policy at Brookvale is a step in the right direction. Brookvale will invest in additional rental helmets ahead of the upcoming season.
U.S. Fuels War In Yemen, by Stephen Lendman (FULL SPECTRUM DOMINANCE v. ARAB SPRING)
September
20, 2015
Yemen
is Obama’s war – cold-blooded genocidal slaughter and mass destruction,
planned long before conflict began in late March, using Saudi Arabia,
UAE, other Gulf states and Egypt to do his dirty work. Terror bombing residential neighborhoods, hospitals, schools and other non-military related targets continues. US-Saudi enforced blockade prevents enough food, medical supplies,
fuel, clean water and other essentials from reaching desperate people in
need. Human Rights Watch said what’s ongoing “may amount to starvation
of civilians as a weapon of warfare” – genocide by deprivation. According to Save the Children’s Mark Kaye, “(a)t the moment we only
have enough fuel in the north and center of the country for the next six
weeks.” Hospitals still operating lack fuel to run to run generators
“for their work.” UN Under-Secretary-General for Humanitarian Affairs and Emergency
Relief Coordinator Stephen O’Brien calls the scale of human suffering in
Yemen “almost incomprehensible.” More than 20 million Yemenis may perish from hunger, thirst and/or lack of medical treatment for serious injuries and diseases. Western media are dismissive – largely ignoring an increasing
US-created holocaust. Near silence substitutes for what demands daily
headlines and condemnation of Obama’s latest imperial project – to
destroy Yemeni sovereignty and return US-controlled puppet leadership to
power, no matter the cost in lives lost, vast destruction and
unspeakable human misery. Official casualty numbers way understate the human toll. True figures
are multiples higher than reported. Victims suffer out of sight and
mind – mostly noncombatant civilian men, women and children in harm’s
way. Death and injury tolls rise daily. People are dying from lack of
enough food to eat, thirst and medical treatment for serious health
issues – likely many thousands already, maybe millions before conflict
ends. On September 15, UN Special Adviser on the Prevention of Genocide
Adama Dieng and Special Adviser on the Responsibility to Protect
Jennifer Welsh “expressed concern at the ever increasing impact on
civilians of the ongoing conflict in Yemen, and the virtual silence of
the international community about the threat to populations.” “Unless there is a serious commitment of the parties to find a
political solution to the conflict that will end the violence and ensure
humanitarian access to all populations, without discrimination, the
situation is likely to degenerate further,” they explained. Major crimes of war and against humanity are being committed daily. Civilians are indiscriminately being slaughtered. “The (UN) Special Advisers reminded national authorities of their
primary responsibility to protect the Yemeni population. (T)he
international community has a responsibility to protect populations from
genocide, war crimes, ethnic cleansing and crimes against humanity.” Ongoing mass slaughter and human suffering are largely ignored. The
appalling toll on Yemeni civilians increases daily – exacerbated by
Riyadh’s use of banned chemical weapons and cluster bombs. UNICEF reports eight children killed or maimed daily. The true figure
is likely multiples more, as well acute malnutrition taking a
devastating toll on millions Yemenis of all ages. Britain is complicit with Obama’s war – selling Saudi Arabia deadly
weapons like Washington. Days earlier, Oxfam CEO Mark Goldring said
Yemen “descended into a humanitarian disaster putting its people at risk
of famine, and the UK is materially involved through its export of arms
and military support to the bombing campaign.” “It is time the government stopped supporting this war and put every
possible effort into bringing an end to the carnage” it’s fueling –
“causing unbearable human suffering.” “The UK successfully lobbied hard over many years for a UN Arms Trade
Treaty to regulate the arms trade which came into being last year.” “This government has incorporated the treaty into national law, yet
at the first test of the new law it has turned a blind eye to mounting
evidence of potential misuse of its weapons and support.” Jeremy Corbyn chairs Britain’s Stop the War Coalition. It issued a
strongly worded statement last spring, shortly after US orchestrated,
Saudi-led terror bombing began, saying: “The Stop the War Coalition condemns the British government’s support
for the Saudi-led attack on Yemen. This war is a further destabilising
act of aggression in the Middle East, which risks embroiling the region
and its peoples in a still wider war.” “Saudi Arabia is now playing a leading part in almost every
anti-democratic development in the Middle East, including joining in the
current Anglo-American bombardment in Iraq, We repeat our long-standing
demand that Britain end its alliance with the dictatorial and
oppressive Saudi regime, and cease supplying it with arms.” “This present conflict in Yemen reflects the determination of both
Saudi Arabia and the western powers to destroy the democratic potential
of the Arab Spring in one country after another.” “Only the people of Yemen can resolve the crisis in that country and
decide their own future, and their independence and territorial
integrity must be fully respected.” Bernie Sanders supports Washington’s war machine – refusing to
condemn ongoing mass slaughter and destruction, ignoring the growing
holocaust in Yemen. Instead, he urges greater Saudi involvement in
regional conflict theaters – more slaughter, destruction and human
misery than already. All Republican and Democrat presidential aspirants support US
hegemonic ambitions – color revolutions and genocidal wars the main ways
to achieve it.
Volkswagen’s emissions scandal ballooned Tuesday as the automaker
said it affects 11 million vehicles worldwide and will require the
company to set aside 6.5 billion euro ($7.3 billion). The startling admission instantly makes the crisis one of the most expensive automotive scandals in recent memory. The crisis also threatens to upend the company on its rapid path to
becoming the world’s largest automaker. Volkswagen had seized the title
from Toyota for the first six months of 2015. “This could damage the Volkswagen brand globally for years to come,”
said former automotive marketing executive Peter De Lorenzo, blogger at
Autoextremist.com, in an interview. “Trust and belief in the brand has
been broken.” Read more
Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major
financial event in Germany could be imminent. Now when I say imminent, I
do not mean to suggest that it will happen tomorrow. But I do believe
that we have entered a season of time when another “Lehman Brothers
moment” may occur. Most observers tend to regard Germany as the strong
hub that is holding the rest of Europe together economically, but the
truth is that serious trouble is brewing under the surface. As I write
this, the German DAX stock index is down close to 20 percent from the
all-time high that was set back in April, and there are lots of signs of
turmoil at Germany’s largest bank. There are very few banks in the
world that are more prestigious or more influential than Deutsche Bank,
and it has been making headlines for all of the wrong reasons recently. Just like we saw with Lehman Brothers, banks that are “too big to
fail” don’t suddenly collapse overnight. The truth is that there are
always warning signs in advance if you look closely enough. In early 2014, shares of Deutsche Bank were trading above 50 dollars a
share. Since that time, they have fallen by more than 40 percent, and
they are now trading below 29 dollars a share.
It is common knowledge that the corporate culture at Deutsche
Bank is deeply corrupt, and the bank has been exceedingly reckless in
recent years.
If you are exceedingly reckless and you win all the time, that is
okay. Unfortunately for Deutsche Bank, they have increasingly been on
the losing end of things.
Prior to the “sudden collapse” of Lehman Brothers on September
15th, 2008, there had been media reports of mass layoffs at the firm.
To give you just a couple of examples, CNBC reported on this on March 10th, 2008 and the New York Times reported on this on August 28th, 2008.
When big banks start getting into serious trouble, this is what
they do. They start getting rid of staff. That is why the massive job
cuts that Deutsche Bank just announced are so troubling…
Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday.
That would bring the group’s workforce down to around 75,000
full-time positions under a reorganization being finalised by new Chief
Executive John Cryan, who took control of Germany’s biggest bank in July
with the promise to cut costs.
Cryan presented preliminary details of the plan to members of the
supervisory board at the weekend. A spokesman for the bank declined
comment.
Deutsche Bank has also been facing mounting legal troubles. The following is a brief excerpt from a recent Zero Hedge article…
The bank, which has paid out more than $9
billion over the past three years alone to settle legacy litigation, has
become something of a poster child for corrupt corporate culture.
In April, Deutsche settled rate rigging charges with the DoJ for
$2.5 billion (or about $25,474 per employee) and subsequently paid $55
million to the SEC (an agency that’s been run by former Deutsche Bank
employees and their close associates for years) in connection with
allegations it deliberately mismarked its crisis-era LSS book to the
tune of at least $5 billion.
But it was out of the frying pan and into the fire so to speak,
because early last month, the DoJ announced it would seek to extract a
fresh round of MBS-related settlements from banks that knowingly
packaged and sold shoddy CDOs in the lead up to the crisis. JP Morgan,
Bank of America, and Citi settled MBS probes when the DoJ was operating
under the incomparable (and we mean that in a derisive way) Eric Holder
but now, emboldened by her pyrrhic victory over Wall Street’s FX
manipulators, new Attorney General Loretta Lynch is set to go after
Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings
PLC, Royal Bank of Scotland Group PLC,UBS AG and Wells Fargo & Co.
Of course the legal troubles are just the tip of the iceberg of what
has been going on over at Deutsche Bank over the past couple of years.
The following is a pretty good timeline of some of the major events that
have hit Deutsche Bank since the beginning of last year. It comes from
a NotQuant article that was published back in June entitled “Is Deutsche Bank the next Lehman?“…
In April of 2014, Deutsche Bank was forced to raisean additional 1.5 Billion of Tier 1 capital to support its capital structure. Why?
1month later in May of 2014, the scramble for liquidity continued as DB announced the selling of 8 billion euros worth of stock – at up to a 30% discount.Why again?
It was amove which raised eyebrows across the financial media. The calm
outward image of Deutsche Bank did not seem to reflect their rushed
efforts to raise liquidity. Something was decidedly rottenbehind the
curtain.
Fast forwarding to March of this year: Deutsche Bank failsthe banking industry’s “stress tests” and is given a stern warning to shore up it’s capital structure.
In April, Deutsche Bank confirms its agreement to a
joint settlement with the US and UK regarding the manipulation of
LIBOR. The bank is saddled with a massive $2.1 billion payment to the
DOJ. (Still, a small fraction of their winnings from the crime).
In May, one of Deutsche Bank’s CEOs, Anshu Jain is given an enormous amount of new authority
by the board of directors. We guessthat this is a “crisis move”. In
times of crisis the power of the executive is often increased.
June 5:Greece misses its payment to the IMF. The
risk of default across all of itsdebtis now considered acute. This has
massive implications for Deutsche Bank.
June 6/7: (A Saturday/Sunday, and immediately following
Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce
their surprise departure from the company. (Just one month after Jain is
given his new expanded powers). Anshu Jain will step down first at the
end of June. Jürgen Fitschen will step down next May.
June 9: S&P lowers the rating of Deutsche Bank
to BBB+ Just three notches above “junk”. (Incidentally, BBB+ is even
lower than Lehman’s downgrade– which preceded its collapse byjust 3
months)
Are you starting to get the picture? These are not signs of a healthy bank.
What makes things even worse is how recklessly Deutsche Bank has
been behaving. At one point, it was estimated that Deutsche Bank had a
staggering 75 trillion dollars
worth of exposure to derivatives. Keep in mind that German GDP for an
entire year is only about 4 trillion dollars. So when Deutsche Bank
finally collapses, there won’t be enough money in Europe (or anywhere
else for that matter) to clean up the mess. This is a perfect example
of why I am constantly hammering on the danger of these “weapons of financial mass destruction”.
If Deutsche Bank were to totally collapse, it would be a
financial disaster far worse than Lehman Brothers. It would literally
take down the entire European financial system and cause global
financial panic on a scale that none of us have ever seen before.
On a personal note, I apologize for not posting anything last
week. I traveled to two very important conferences and was living out
of a suitcase for about eight days.
There has been a bit of a lull in the action over the past couple
of weeks, but I expect that to end very shortly. I believe that the
rest of 2015 is going to be incredibly chaotic, and we are going to see
some things happen that most people could not even conceive of right
now.
In the days that are directly ahead, I encourage people to keep a close eye on both Germany and Japan.
Big things are about to happen, and millions are about to be totally shaken out of their complacency.
(ANTIMEDIA) To comply with the 2005 Real ID Act,
which the U.S. government has been slowly implementing for the past
decade, citizens in a number of different U.S. states will now be forced
to obtain a passport if they want to board an airplane — even for
domestic flights.
The Department of Homeland Security and
representatives with the U.S. Customs and Border Protection have
declined to comment on why certain states have been singled out, but
starting in 2016, residents of New York, Wisconsin, Louisiana,
Minnesota, New Hampshire, and American Samoa will need a passport to fly
domestically. All other states will still be able to use their
state-issued driver’s licenses and IDs — for now, at least.
According to the Department of Homeland Security’s guidelines on enforcement of the Real ID Act,
“The Department of Homeland Security (DHS)
announced on December 20, 2013 a phased enforcement plan for the REAL ID
Act (the Act), as passed by Congress, that will implement the Act in a
measured, fair, and responsible way.
Secure driver’s licenses and identification
documents are a vital component of our national security framework. The
REAL ID Act, passed by Congress in 2005, enacted the 9/11 Commission’s
recommendation that the Federal Government ‘set standards for the
issuance of sources of identification, such as driver’s licenses.’ The
Act established minimum security standards for license issuance and
production and prohibits Federal agencies from accepting for certain
purposes driver’s licenses and identification cards from states not
meeting the Act’s minimum standards. The purposes covered by the Act
are: accessing Federal facilities, entering nuclear power plants, and,
no sooner than 2016, boarding federally regulated commercial aircraft.
Sheikh
Muhammad Ayed, a top Islamic cleric, gave a speech at the Al-Aqsa
Mosque in Jerusalem commanding migrants heading to Europe and America to
breed in overwhelming numbers. (Image: YouTube, MEMRI-TV)
A top Islamic preacher has come up with an idea on how Muslim
migrants can show thanks to Europe and America for taking them in: Breed
and conquer. Sheikh Muhammad Ayed ordered Muslims fleeing Iraq, Syria and northern
Africa to show the world what a fertile culture looks like. “They have lost their fertility, so they look for fertility in their
midst. We will give them fertility!” the imam said during a recent
sermon at Jerusalem’s Al-Aqsa mosque, the Blaze
reported Monday. “We will breed children with them, because we shall
conquer their countries – whether you like it or not, oh Germans, oh
Americans, oh French, oh Italians, and all those like you. Take the
refugees!” The sermon was translated by the Middle East Media Research Institute, or MEMRI, a nonprofit organization started in 1998 to monitor Arab media. “House
of War: Islam’s Jihad Against the World” conveys what the West needs to
know about Islam and the violent, expansionary ideology that seeks the
subjugation and destruction of other faiths, cultures and systems of
government “We shall soon collect them in the name of the coming caliphate. We
will say to you: These are our sons. Send them, or we will send our
armies to you,” Ayed said, according to the Blaze.
Watch
Video:
Secretary of State John Kerry said
Sunday the U.S. will take up to 85,000 Syrian refugees over the next
year and 100,000 by 2017, WND reported. “This step … is in keeping with the best tradition of America as a
land of second chances and a beacon of hope,” Kerry said. “[It] will be
accompanied by additional financial contributions [for the relief
campaign].” The United Nations High Commission for Refugees, or UNHCR,
tallies the number of displaced Syrians at 4,806,70 as of Sept. 17.
U.S. intelligence agencies fear Europe's handling of the situation will
allow national security threats to slip into western nations with ease. "We don't obviously put it past the likes of ISIL to infiltrate
operatives among these refugees," Director of National Intelligence
James Clapper said Sept. 9, according to the Associated Press. A top Iraqi intelligence official concurred with Clapper's concern,
saying terrorist groups will exploit the refugee crisis because it is "a
chance that will never be repeated," AP reported. Related stories: House GOP pushing back against Obama's U.N. refugee plan Muslim preacher: Migrants must breed and conquer
The medical community is outraged by a 5,500
percent price hike for Daraprim, after a big NY-based pharmaceutical
company purchased the patent for it. The drug has been on the market for
over 60 years, and can be essential to certain AIDS and cancer treatments.
The New York-based Turing Pharmaceuticals raised
the price of Daraprim from $13.50 to $750 per pill in just over a month
after buying the rights for the drug from Impax Laboratories.
The drug is used to treat toxoplasmosis, the
second most common food-borne disease that affects patients suffering
from AIDS and cancer. It has been produced since 1953 and is on the WHO
List of Essential Medicines. But now medical associations are beating
their drums about the sudden price hike and potential affordability of
Daraprim as a treatment.
The Obama administration is just weeks
away from imposing a new ozone particulate standard that manufacturers
say will cripple jobs and productivity in the U.S. and leave some firms
and industries clinging to life. The National Association of Manufacturers released a study suggesting
the standard would cost the U.S. 1.4 million jobs and $1.7 trillion in
productivity by 2040 if the standard is lowered from 75 parts per
billion to 65 parts per billion. The EPA could bring it as low as 60
parts per billion, which the study projects would be catastrophic. For business owners like Summitville Tiles CEO David Johnson, the
change would be devastating. The firm is based in Ohio, which relies
heavily on manufacturing for jobs and economic growth. Johnson recently wrote a column explaining what’s at stake if the Obama administration get’s it’s way. “We have 88 counties in this state and under this new ozone standard,
all 88 of these counties would be out of compliance, just by the stroke
of the pen of this executive order of the president,” Johnson said. In addition to burdening existing manufacturers, Johnson said the new ozone standard would stifle new business. “It would essentially stop any new projects from going forward unless
there were reductions in emissions in other plants in other areas,” he
said. “In other words, there’s a trade-off. If you’re going to add new
emissions, you’d have to reduce emissions somewhere else. So (if you)
shut down a factory or a company goes out of business, then and only
then would you have a permit to expand your particular operations.” According to Johnson, American manufacturing has never received a gut punch like this from its own government. “This is not a bill that’s been passed by Congress, hasn’t been
vetted, hasn’t been studied,” Johnson said. “It’s simply President Obama
and his EPA’s effort to combat what they believe is global warming. So
yeah, it would be the most expensive regulation in the history of
regulations.”
Listen to the WND/Radio America interview with David Johnson:
Johnson said the looming change is
especially maddening when the EPA admits ozone levels are vastly
improving over the past few decades. "By EPA's own public admission, concentrations of ozone have actually
declined by 33 percent from 1980 to 2013, during the same period of
time when the U.S. population had increased by 40 percent and the
economy had more than doubled in size," he said. Summitville Tiles has been in business for four generations and for
over a century. In recent years, however, Johnson said, a 700-member
workforce has been trimmed considerably just to stay afloat. The firm is
the only remaining member of its national trade association from the
ceramic tile industry because most cannot compete with cheaper materials
flooding the market from China and Mexico. Johnson said the ozone regulations are part of a looming double whammy that could leave manufacturing in dire straits. "This new Pacific trade agreement is a perfect example of another
whole new category of countries that will be given preferential
treatment to ship product into the United States to undermine and
undercut our products," Johnson said. He added, "At the same time, we're being hammered by these new regulations and those will be very costly to comply with." A public comment period is open before the ozone standard goes into
effect, but Johnson thinks voicing opposition to the EPA is a waste of
oxygen. He said the only way to fight back is at the ballot box. "Another four years of Obama thinking could do irreparable harm to
this country's ability to compete and its ability to provide jobs,"
Johnson said. He said 2016 must be a change election for the sake of American jobs. "I urge people to get involved in this next election and make sure
that there's a change in the White House," he said. "That's where it's
coming from. This is government by fiat, not government by deliberative
democratic process."
...here's the opening blurb for Ben Fulford's report for this week. The full report will be posted after a few days' embargo:
=====
Will big UN love-fest just turn into attempt by cabal to look nice and keep in power
The next few weeks should reveal if radical changes in how this planet
is run are going to be announced or if it will be the same old
criminals trying to keep in power by putting on a nice face. The
interesting event to watch in the near future is the lunar eclipse on September 28th. That is because the cabalists who have been running this planet
claim to time their manipulation of geopolitical events to the
movements of the heavens. This sounds like crazy talk until you realize
that Presidents Xi Jinping of China, Vladimir Putin of Russia, Barack
Obama of the United States, Francois Hollande of France, Hassan Rouhani
of Iran etc. are all due to be speaking at the UN on that date. The
question is will they be announcing the birth of a world government or a
new age, or will they simply spout platitudes before going back to
business as usual?
If the leaders simply say nice things but fail
to act, you can be sure bloody revolution will become inevitable. The
fact is the current world system and its leaders have presided over the
destruction of 40% of all life on land and 49% of all sea life.
Furthermore, the pace of destruction is continuing to accelerate. Not
only that, the system that is destroying life on this planet is also
sucking away wealth from all humans except for about 0.01% of the very
top elite. The fact is we are facing a planetary emergency of the sort
not seen since the dinosaurs were wiped out 65 million years ago. The
creator (be it God or Nature) might well be wondering if it is time to
do to humans what was done to the dinosaurs. Maybe this time the
cockroaches will be given a chance to see if they can do better.
Our best hope lies in the growing signs a world
revolution is continuing to remove the vicious, incompetent Khazarian
mafia cabal that has been responsible for so much of this planet’s
suffering.
The biggest and most chaotic activity continues
to be seen in Europe and the Middle East. The flood of millions of
refugees into Europe and the threat of tens of millions more arriving
has prompted serious infighting in Western power structures.
The German government has commandeered community centers, sports
facilities, parks and the like to accommodate millions of refugees,
according to British MI6 intelligence. This prompted Martin Dempsey,
Chairman of the Joint Chiefs of Staff at the Pentagon, to ....
Former
vice president Dick Cheney believes that a terrorist attack even worse
than the destruction of the twin towers on September 11, 2001 is
probable before the end of the decade.
Cheney appeared on Hugh Hewitt’s radio show on
Tuesday and was asked if he thought the United States would ‘get through
this decade without another massive attack on the homeland.’
‘I doubt it,’ Cheney said. ‘I think there will
be another attack and the next time I think it’s likely to be far
deadlier than the last one. You can just imagine what would happen if
somebody could smuggle a nuclear device, put it in a shipping container,
and drive it down the beltway outside Washington D.C.’
Former vice president Dick Cheney appeared on
Hugh Hewitt's radio show on Tuesday and was asked if he thought the
United States would 'get through this decade without another massive
attack on the homeland'
Former vice president Dick Cheney appeared on
Hugh Hewitt's radio show on Tuesday and was asked if he thought the
United States would 'get through this decade without another massive
attack on the homeland'
Hewitt wondered if the government could continue in such a scenario and Cheney recalled a Cold War era plan for constitutional government in the event of a nuclear attack.
‘Basically, it involved having a government in
waiting if you will ready to go in the event of nuclear attack on the
United States so that we could always maintain the constitutional-based
governmental authority,’ he explained.
The
price of gold and silver is set to explode according to one of the most
well known CEO’s in the precious metals mining space.
Keith Neumeyer, the CEO of one of the world’s
lowest-cost primary silver producers, says that the negative headlines
surrounding history’s most trusted monetary instruments will soon give
way and the smart money, including the likes of George Soros and Carl
Icahn, is taking massive positions ahead of the breakout.
Neumeyer, who has created two billion-dollar
companies and recently founded the mineral bank investment firm First
Mining Finance, argues that the fundamentals are simply too great to
ignore.
It’s really what you pay for stuff that creates
value. If you’re buying stuff at the top of the market you’re destroying
value. You never really know when the exact top of the market is and
you never really know when the bottom of the market is. But, I know
we’re around the bottom or are close to the bottom… But I don’t really
care because I’m a long-term fundamental investor and I know that we can
make a lot of money buying assets at these prices that we’re paying
today.
I
do believe that markets ultimately prevail. I do believe that supply
and demand will ultimately prevail. I’m confident that we will see that
occur...
The fact there are some very substantial new
players coming into the sector and taking positions in gold and silver… I
think that’s showing that things will change and I think things are in
the works as we speak.
Neumeyer recently sent an open letter
to the Commodity Futures Trading Commission slamming the rampant
manipulation of precious metals paper markets, going so far as to call
on global producers to withhold silver deliveries in an effort to bring
balance to markets.
As he notes in his interview,
that prices of silver are currently trading at around $15 per ounce is
counter-intuitive given that demand today is significantly more than it
was at the height of silver’s rise to nearly $50 in recent years.
Moreover, the price at which mining companies are able to acquire
precious metals assets in the ground has collapsed significantly from
just a few years ago:
Generally speaking the average price that a
mining company would pay for gold ounces that are drilled in the ground
is about $50 an ounce. That number did go over $100 and there were some
transactions that went through in the 2011 time frame that were much
higher.
But I am just using generally speaking over the
last thirty years… $50 is the normal one that we use as mining companies
in the industry… so if we’re buying ounces today at $10 an ounce… and
it’s actually lower that that… we’re paying $7 to $9 an ounce… that’s
five times less than a normal market.
...
The silver market is extremely tight. Unfortunately you don’t see it in the price.
When silver was $45-$50 per ounce the demand was
a little bit less than it is today. That’s a surprising statement. The
demand today at $15 silver is greater than it was at that $45-$50
silver.
It goes to my earlier point about headline news
and the hate on the mining sector, the hate on resources, the hate on
metals… That’s what is causing prices to be where they are today.
I do believe that the street will wise up to
that supply and demand fundamentals story and see that silver is
actually a strategic metal.
The question, of course, is when? When will prices of silver and gold finally respond to widespread global demand?
While we can’t time the markets, if we take
Neumeyer’s advice it doesn’t really matter. The long-term fundamentals
are strong and the manipulation is clearly evident.
I think the supply/demand fundamentals for
silver are the best of any metal. Of course gold is interesting because
of the money printing that’s going on by governments. That’s why I am
very much focused with First Mining on buying gold assets.
I think gold is going to start moving in the
next six to eighteen months and I think gold will be driving the rest of
the metals much higher.
I do believe that silver will outperform gold.
The ratio currently is 75-to-1. I wouldn’t be at all surprised to see
the ratio go down to 20-to-1.
...It’s not that inconceivable and that’s going to put silver in triple-digit categories.
The reality is that silver paper markets trade
about one billion ounces daily. The entire yearly production of silver
is about 800 million ounces. At some point that disconnect will be revealed for the sham it really is.
When that day comes we can expect gold and
silver to rise precipitously as mainstream financial pundits look on
with bewilderment.
The White House is currently being pressed
to look into Veteran’s Affairs eagerness to punish and silence
whistleblowers, while failing to adequately discipline employees for
endangering the health and safety of veterans.
For example, following a food services manager with the Department
of Veterans Affairs in Philadelphia blowing the whistle on a fly
infestation, he was reassigned to cleaning a morgue and they attempted
to fire him for eating $5 worth of old sandwiches.
“This is a pattern where whistleblowers who
disclose wrongdoing often face trumped-up charges but where employees
who put vets’ health at risk or engage in misconduct that endangers vets
are going unpunished,” Special Counsel Carolyn Lerner told the
Washington Post. “The bottom line is, you can’t discipline
whistleblowers for coming forward but not discipline those who have done
wrong.”
A senate hearing on VA whistleblowers set to take place on Tuesday
will feature testimonies from Lerner as well as several whistleblowers. One of the whistleblowers set to speak is Brandon Coleman, a decorated veteran from the VA Hospital in Phoenix, Arizona.
During the course of one week in January 2013, five suicidal
veterans left their emergency room without receiving any help. When
Coleman reported the alarming information to his supervisor, he was
suspended from his job.
“The lack of accountability in these cases stands in stark
contrast to disciplinary actions taken against VA whistleblowers,”
Lerner said in a letter to the White House. “The VA has attempted
to fire or suspend whistleblowers for minor indiscretions, and often
for activity directly related to the employee’s whistleblowing. While
OSC has worked with VA headquarters to rescind the disciplinary actions
in these cases, the severity of the initial punishments chills other
employees from stepping forward to report concerns.”
The VA told the Washington Post in a statement that they are
committed to creating a work environment where employees feel safe
sharing what they know, whether good or bad, without fear of reprisal.
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