Silver Wheaton Corp. Message Board

Former Sens. John Breaux, D-La., and Trent Lott, R-Miss., a pair of rainmaker lobbyists, pleaded for extensions on behalf of a powerful lineup of clients.

General Electric and Citigroup, for instance, hired Breaux and Lott to extend a tax provision that allows multinational corporations to defer U.S. taxes by moving profits into offshore financial subsidiaries. This provision -- known as the "active financing exception" -- is the main tool GE uses to avoid nearly all U.S. corporate income tax.

Liquor giant Diageo also retained Breaux and Lott to win extensions on two provisions benefitting rum-making in Puerto Rico.

The K Street firm Capitol Tax Partners, led by Treasury Department alumni from the Clinton administration, represented an even more impressive list of tax clients, who paid CTP more than $1.68 million in the third quarter.

Besides financial clients like Citi, Goldman Sachs and Morgan Stanley, CTP represented green energy companies like GE and the American Wind Energy Association. These companies won extension and expansion of the production tax credit for wind energy.

Are nearly ALL the politicians in the Federal Government PURPOSELY destroying the country?

The question arises because even as prosperity is increasing in Asia, it is decreasing in the United States. We all know that this prosperity is leading to increased military capacity in China. Certainly the politicians in Washington also are aware of this, yet their destructive tax policies, continuing wars, wealth transfers to non-productive parts of the economy, failures to address massive fraud in the financial sector and attempts to disarm the citizenry make their intentions highly suspicious and with all the earmarks of being intentional. Most mass media pundits tend to define “conservative” opposition to such destructive policies as mere cowardice. But is it more likely sympathy towards the policies of their political “opposition”? Add to that the brainwashing of those in the public school system through teachers belonging to unions combined with growth in the public sector workforce even as the private sector contracts and the conclusions of what will transpire in the future are inescapable.

Failure to end the Federal Reserve, undo things like the Income Tax and go back to the Founders vision of having US Senators appointed by the state legislatures with changes that would circumvent the arguments that brought about popular election of them in the first place brings forth the conclusion that the financial elite that run the banking systems, large corporations and thus governments, are determined, as succinctly supported by David Rockefeller’s statements, to install a socialist system of world government that will make all of mankind/womankind subservient to whatever future dictators rise to power.

The current depressed prices in the PM markets present an opportunity to protect many who perceive it as an opportunity to buy in at lower price levels. We do not seem to have reached a bottom as of yet. Many economists that are outside the sphere of influence of government double-speak are suggesting we have never left the recession, and are headed for one that will be even deeper.

The price of silver, in particular because of its industrial value, will be negatively affected by reduced economic activity creating a great opportunity to benefit when it becomes evident to many more people that its monetary value will rescue them from currency values defined to be hyper inflated. Hyperinflation, according to most well recognized pundits outside the mainstream, will never happen. But given what has been stated above, how many really trust that conclusion? Is that just more wishful thinking because it would lead to currently unbelievable future social turmoil?