"If someone strangles the canary, does that mean that the mine is now completely safe and risk free?
Neo: What does that mean?
Cypher: It means fasten your seat belt Dorothy, because Kansas is going bye-bye."
This chart shows the US is following a Xerox Interest Rate Policy: an almost flawless copy of the interest rate policies of Japan, delayed by about 16 years. The blue line is the Japan T-bill rate and the red line is the US T-bill rate. Japan had a last gasp interest rate hike in the early 1990s, while the last gasp in the US came in 2007. Since the mid-1990s, Japan has been at zero, with the corpse twitching a couple of times before coming back to rest at zero. The US has been at zero since 2008 without even a twitch, but we might expect a small one if we are maintain XIRP. Based on the theory that Japan has led all western nations into the financial abyss, we can expect at least another 15 years with the US T-bill rate at zero.
This is not investment advice, but it might be interment advice. --from the Dollar Death $piral blog--you don't really need the chart but if you want to see it, it is there.
You don't say lakebubbler? Although I am not at all surprised--remember the bankstas at the Trashury are still just that!!! They are simply bankstas wrapped in the flag--kinda like pigs in sacred blankets. I wonder if you would care to share your experience and probably not here, but possibly on the Illusions of Prosperity or Tipswatch websites. The blog keepers there are both advocates of various Trashury instruments and maybe you could wake 'em up to this. You'd have a wider audience to share with. Needs to get out for sure.
Perhaps Calgacus was anticipating the rise of the predatory financial class and their Banks. They seem to be almost unparalleled in their global power and reach, as well as their lack of self-awareness, and arrogance.
Gold and silver bounced back a little today, but from the charts it is clear that they are now working once again on an important overhead resistance level that marks a key 'neckline' in a series of inverse head and shoulder formations.
We may see quite a bit of sideways chop for the month of March, in anticipation of the next active delivery month of April.
Friday is another Non-Farm Payrolls report, which is often a magnet for market antics. If the big trading desks cannot shove the price of gold lower, then we might have some indirect confirmation that the shortage of physical bullion from the huge transfer of bullion to Asia is starting to bite into the cartel's ability to shove the paper markets around with their position size and leverage. --Jesse's Cafe Americain
"Plunderers of the world, when nothing remains on the lands to which they have laid waste by wanton thievery, they search out across the seas.
The wealth of another region excites their greed; and if it is weak, their lust for power. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich.
Robbery, rape, and slaughter they falsely call empire; and where they create a desolate wasteland, they call it peace."
Tacitus, Calgacus' Speech from Agricola
I thought the Lord of the Dark Matter said it quite well in his research note from today:
"When a weak president keeps talking nebulously about red lines and consequences, then allowing people to cross them without consequences, strong leaders -- no matter how odious and distasteful they appear to us -- like Putin are always going to take advantage of his weakness."
This is not a political comment, it is just a fact. The conflict in the Ukraine is liable to be with us for some time, because there is no way Putin is going to back off. He is going to do exactly what he wants, which is most likely take the Crimea and pull Ukraine back into his orbit. That process will be messy and produce headlines that people don't like in various markets.
From a strategic point of view, we continue to expect the dollar to test the lower range of the index as it did during the pivot in monetary posture in 1994-1995. The biggest risk to the bottom rail of support would be that the index becomes influenced at a major technical bearing by two major forces: deflation in the euro-zone and the potential traction of demand at home to the significant monetary reserves accumulated over the past five years. Similar to the lagged influence on the US dollar in the early 80s, the inverse might be true as traction is found in the economy. While we would never expect a downside move commensurate with the upside break in the 80s, we do believe a boisterous third choir would show up and do their part to encourage their respective inflationary interests.--more at Safehaven--Breaking Bad--by Eric Swarts--great charts there including a long tem US Dollar (Uncle Bucky) chart.
All Barber dimes ever minted added up to 487 million dimes compared to just the production from one mint from each of the years above.
Dimes obviously had more value during the Barber years and coins tended to be well used, whereas later with the onset of the Fed and inflation, they tended to spend considerable time in change jars :). Note also some of those 64D dimes were struck in 1965--of course the US mint went to clad in 65 and Gresham's law took hold--how many times have you found a pre 65 silver coin in your change lately!!! (Hint--never)
I've been putting together some USA dime sets for my granddaughter and wondeedr why I was encountering some more difficulty when getting together the Barber (also know as Liberty) dimes minted from 1892-1916 compared to the later Mercury and Roosevelt series.
For each year of the 25 that Barber dimes were minted they averaged 19.5 MILLION per year over all mints per year.
This average was dragged down some by the fact that in the years 1893-1897, mintage averaged only 5.6 million per year over all mints per year. Barber dimes were struck at 4 different mints during the series, Philadelphia,Denver, San Francisco and some in New Orleans (O mint mark) and the year averages are for total coins struck OVER ALL the mints for the year.
To compare here are some mintage amounts for later dimes, just for the mint facility indicated per year
1916P= 22 MILLION (Mercury dimes minted at Philadelphia mint--Barbers were also struck that year)
1917P= 55 MILLION
1941P= 175 MILLION
1944P= 231 MILLION
1946P= 225 MILLION
1963D= 421 MILLION
1964D= 1.357 BILLION (D is the Denver mint)
In the meantime and in between time, ain't the bankstas got fun as they whittle away at your money with fees of all kinds.
BTW--what ever happened to that free 5% passbook account (LOL).
The “greatest buried treasure ever unearthed in the United States” is about to be hit by the tax collector.
According to Kathleen Pender, a columnist at the San Francisco Chronicle, the couple who found in cans buried on their property more than 1,400 rare gold coins worth more than $10 million will probably owe close to half of that sum in federal and state income tax, whether or not they sell the coins.
She quoted a 2013 tax guide in which the IRS stated: “If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is in your undisputed possession.”
That means the couple, who found the gold-coin treasure on their own property, may owe tax on the estimated value of the coins by this April 15, Pender quoted Leo Martinez, law professor at UC Hastings College of the Law, as saying in her article. The couple apparently found the coins in February of 2013.
Most of the money will be subject to the top federal tax rate of 39.6%, which starts at $450,000 in joint taxable income, the article said. In California, where the coins were found, the top state rate on joint income over roughly $1 million is 13.3%, and taxpayers generally get a federal deduction for state income tax paid, which reduces their effective federal rate.
That puts the total amount going to state and federal tax at about 47%, the article said.
Frank Willis owns Pioneering Mining Supplies, in Auburn, and has dealt with treasure hunters in the area for many years. He says that the couple are in danger of having their haul taken away if they make their identity public.
‘Why do you think they’re remaining anonymous? It’s the treasure trove laws. They can’t say a thing, as if family members come forward, and say it’s grandpa’s money or whatever, then they may have to handover the cash, or even worse, the state will make a claim for it.’--UK Daily Mail
Yes be good comrades and hand over the stash--don't you know everything belongs to the state, comrades?--signed his honorable spaceman, Gov. Jerry Brown
The coins that Dimmick stole were never found, leaving some to now wonder if the Saddle Ridge Hoard is the very same set of lost coins.
There is certainly compelling evidence to link the two bounties. According to 1901 reports, 500 coins were stolen by Dimmick - only 73 coins less than the 1,427 discovered at Saddle Ridge.
The dates on the coins fit the time frame and the type and denomination of the coins match too.
According to U.S. treasure laws, the anonymous couple could have it taken away from them.
The law on finding treasure that is on your property but belongs to someone else is vague.
The treasure trove rule was first given serious consideration by the Oregon Supreme Court in 1904 in a case involving boys who had discovered thousands of dollars in gold coins hidden in metal cans while cleaning out a hen-house and they were allowed to keep their stash.
In subsequent years the legal position became unclear as a series of English and American cases decided that landowners were entitled to buried valuables.
The face value of the Saddle Ridge Hoard, as they’ve called it, added up to about $27,000, but some of the coins are so rare that experts say they could fetch nearly $1million apiece.
The couple went public with their amazing discovery on Tuesday, and treasure enthusiasts have been quick to suggest that the coins could be the same ones stolen by Walter Dimmick, an employee of the San Francisco Mint in the late 1800′s, reports Altered Dimensions.
Dimmick began working at the mint in 1898 and by 1901 was trusted with the keys to the vaults – until an audit revealed a $30,000 shortage in $20 Double Eagle coins, six bags in all.
He quickly became the prime suspect as he was the last person to see the missing gold coins and had already been caught practicing how to forge the Superintendent’s name.
After a month-long trial, Dimmick was convicted of stealing the coins and sentenced to nine years at the San Quentin prison in California.
26 FEBRUARY 2014
SP 500 and NDX Futures Daily Charts - Ghosts of Bubbles Past
The New Homes Sales number came in much higher than expected this morning, and so stocks reversed from their initial slump. They rose to challenge the overhead resistance once again, only to fall back down in the afternoon.
Rinse, wash, repeat.
Be careful, because this is a piñata market, shaped like the bubbles past, an elevated construction with the consistency of papier-mâché, at which a crowd of those with the mentality of children are taking a swing, trying to release their prize.
But, alas, this one comes with a plague of Pandora's woes inside.
Have a pleasant evening.--Jesse's Cafe Americain
Saddle Ridge Hoard of Buried Gold Coins Authenticated by PCGS
by DARRIN LEE UNSER on FEBRUARY 25, 2014 ·
One of the gold coins from the Saddle Ridge Hoard
19th century gold coins estimated at a value of more than $10 million were discovered last year buried on private property in California.
These same coins were recently authenticated by the Professional Coin Grading Service (PCGS) with a portion of the treasure to make a public debut at the upcoming ANA National Money Show in Atlanta.
1,427 gold coins were found in February 2013 by a couple as they were walking on their property near a hill they had named Saddle Ridge. They contacted David McCarthy, senior numismatist at Kagin’s Inc of Tiburon, California, who did an initial evaluation and inventory.
The "Saddle Ridge Hoard" was found to contain well over a thousand coins dated from 1847 to 1894, the majority of which were $20 Liberty Double Eagles struck at the San Francisco Mint.
"This is the proverbial pot of gold at the end of the rainbow," stated Don Kagin, President of Kagin’s. "What’s really significant about this find is that this treasure combines a great quantity of pristine coins along with a great human interest story."
The find, touted as "one of the greatest buried treasures ever unearthed in the United States," has been authenticated, graded and certified by PCGS.
Of the graded coins, more than a dozen have been classified as either the finest known or tied as the finest known examples in the PCGS Population Report.
"What is really special about this discovery is the incredible quality of many of these coins," commented David Hall, PCGS Co-Founder and Collectors Universe, Inc.
"I’ve always called rare coins ‘history in your hands’ and the Saddle Ridge Hoard is a historical time capsule of immense numismatic importance."
As opposed to the days of the Rothchilds when it was all about information, now the financial markets are not about information, but about investors' expectations of such information.