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BP Coverup and the Criminal Pursuit of Profit: Deepwater Horizon Workers knew of Problems before Explosion

July 23, 2010 - Two internal Transocean reports obtained by The New York Times shed further light on the criminal negligence of both BP and Transocean in the lead-up to the April 20 explosion aboard the Deepwater Horizon oil rig, which killed 11 workers and set off one of the most devastating environmental catastrophes in human history. The reports reveal that Deepwter Horizon workers were well aware of mechanical and safety problems aboard the rig, but they feared reprisal should they speak out. The documents also strongly indicate that BP and Transocean knowingly disregarded basic safety and maintenance. The first, a 33-page report, details confidential surveys of at least 40 workers aboard the rig, carried out by a third party and commissioned by Transocean, the owner of the Deepwater Horizon rig. The surveys, conducted from March 12-16—just one month before the blowout—reveal serious concerns among workers about safety procedures and the reliability of rig equipment.. » read more

GOLDMAN SACHS VS. SACKS OF GOLD

TIME TO TRADE IN GOLDMAN SACHS FOR SACKS OF GOLD! One Sold Fool's Gold; the Other Is Real and Reliable By Craig R. Smith, Chairman, Swiss America Days before debate on a major Democratic bill to further control financial institutions was to begin, the Securities and Exchange Commission charged Goldman Sachs with civil fraud. The SEC accused this giant investment bank of marketing dodgy mortgages bundled with help from a hedger who made a billion dollars betting that these investments would lose value. Goldman Sachs clients lost at least $1 billion and, along with stockholders, might now sue the company. The SEC action is part of a populist campaign to demonize banks and Wall Street as Democrats try to regain independent voters and the far left.. » read more

The Search for a Reserve Currency

Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of fidelity, whether positive or negative. At present, the US dollar, which had experienced a gradual rise during the 20th Century to the position gained well into the Cold War of being the trading world’s reserve currency. It had the mass, in terms of volumes of available currency; it had the backing of an indisputably wealthy national asset base to move away from the gold standard; it had stable governmental backing. All of that is evaporating.. » read more

Think gold is expensive? Think again! -Joseph Farah

Why $1,150 Gold is Still Cheap! Swiss America Special Alert ~ April 2010 A decade ago, a few of us sensed the beginning of a change in this country; a slow but steady swing like a pendulum. It was clear our nation was returning to morality and a love of liberty--qualities of substance. Fittingly, there was a growing shift to the most substantial asset of all: Gold. Over these ten years, gold has proven itself once again to be the best universal asset for safety and growth. Now, after months of price consolidation, the gold rush of 2010 is on the horizon.. » read more

BOMBSHELL – Whistle Blower Comes Forward With Solid Proof The Price Of Gold And Silver Is Being Manipulated By Major Financial Institutions (with videos)

For a long time many of us have had very serious suspicions that the prices of gold and silver were being highly manipulated. But now, thanks to the mind blowing testimony of one very brave whistle blower, the blatant manipulation of the world gold and silver markets is being blown wide open. What you are about to read below is absolutely staggering. Once the American people learn how incredibly corrupt the world financial system is, it is going to change everything. The government that we are all trusting to guard the integrity of the financial system is failing to do that job.. » read more

The Coming Precious Metals Short Squeeze

With the gold price suppression scheme apparently breaking open — see this article and this interview — the question becomes when, not if, holders of futures contracts will start demanding physical delivery. Most will discover that the metal isn’t there, which will, ahem, unsettle the commodity and currency markets. This impending bullion bank disaster is a victory for GATA and its allies, who have been tilting at this windmill for what seems like forever. The Collapse of the Dollar, for instance, contains a long chapter titled the “The Great Central Bank Short Squeeze” in which James Turk, writing in 2004, lays out the evidence for central bank gold manipulation and makes some predictions about what we’re likely to see when the scam is exposed: One question which I haven’t yet addressed is why central banks would bother with gold’s exchange rate in the first place. Here’s why: Because gold is money, it is one of the yardsticks by which the world’s currencies—and the central banks which manage them—are measured.. » read more

WALL STREET FIXES GOLD PRICES

A leading precious metals watchdog group says it has compelling proof the prices of gold and silver have been manipulated for years by Wall Street firms, and it is demanding government regulators take action. The Gold Anti-Trust Action Committee (GATA) was formed in January 1999 to expose and oppose the manipulation and suppression of the price of gold. Its frustrated efforts to expose manipulation in the gold market parallel Harry Markopolos’s seven-year quest to expose the Madoff ponzi scheme to the Securities and Exchange Commission. What it has learned over the past 11 years is of great importance to the Commodity Futures Trading Commission’s (CFTC) forthcoming hearings regarding position limits in the precious metals futures market. GATA’s chairman, William Murphy III, says, “GATA has evidence there are enormous physical short positions in the gold and silver markets that cannot be covered.. » read more

SILVER to $436/oz and Beyond. Here's Why:

Esteemed economist John Williams from shadowstats.com and Peter Schiff discuss the merits of owning precious metals. Gold and silver as a hedge - as an insurance policy - against the increasingly certain, impending economic apocalypse. Williams cites $7,500 as being the CPIU inflation adjusted actual value of gold TODAY. $436/oz.. » read more

Gold Cartel Acting like a Cornered Rat

Things are coming at me at a whirlwind pace, but I just wanted you to know how maniacal, blatant, and dangerous the Gold Cartel (read: US Gov’t) is getting as it gets backed into its final corner. As you know, on Thursday the CFTC had its sham meeting to discuss position limits on COMEX metals trading, basically in response to years worth of inquiries by gold and silver investors. The panel was chock full of liars, thieves, and general Cartel sympathizers, with only three exceptions, one being Bill Murphy, the head of GATA (Gold Anti-Trust Action Committee) and basically the global leader in the fight against gold/silver manipulation (think Martin Luther King Jr., Gandhi, etc.).. » read more

House approves Hart’s proposal to allow Idahoans to pay taxes with silver

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