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Posts Tagged ‘earth’

Nonferrous Metal, Rare Earth, Silver, Tin

February 8, 2012

David Morgan, Morgan Report “Beyond Silver: The Advantages of Thorium” Video Interview Vancouver Resource Invest Conf 2012

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David Morgan is a precious metals aficionado with degrees in finance and economics as well as engineering, and created the website. He founded The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals. SNNLive met up with David Morgan at the Vancouver Resource Investment Conference 2012.

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Although Mr. Morgan is known for his love of silver, in this Wall Street View, he discusses a different resource: Thorium. He begins by giving his 2012 outlook on Silver, where he states, “I’m looking for silver to take out the nominal high, which is around $48, which was established around May 1st, 2011. And, once that base moves up into that level, I think we can see $60 by the end of this year. I’m pretty bullish. I think you get a double out of silver, but I think it will take at least a year to do that.”

In the January issue of The Morgan Report, David wrote an article about the Rare Earth Element, Thorium. He claims that Thorium is, “a huge energy solution, it doesn’t cost that much money, and you can build a plant in a cookie cutter fashion so you can actually make the manufacturing of a nuclear power plant using thorium, and take a cut out and do it again and again…and gets things started a lot faster.”

Mr. Morgan advises that what you want to look at for Thorium is the Energy Flux Density, or the rate of return on investment energy-wise, “where you want to get as efficient as possible, and the only way to get over the hump, as far as I’m concerned, is to get a lot more electricity cleanly and efficiently, thorium is part of the answer for that.” He concludes by saying, “Thorium will actually be able to eat up bad nuclear waste that already exists.” For more information about or to subscribe to The Morgan Report and, check out his website., and you can follow David Morgan on Twitter @SilverGuru22. Enjoy this SNNLive Wall Street View with David Morgan.

Gold, Silver, Tin

January 16, 2012

Provisions Shortage Sparked Arab Spring

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Richard (Rick) Mills

Ahead of the Herd

As a general rule, the most successful man in life is the man who has the best information

In 1798 32 year-old British economist Malthus anonymously published “An Essay on the Principle of Population” and in it he argued that human population’s increase geometrically (1, 2, 4, 16 etc.) while their food supply can only increase arithmetically (1, 2, 3, 4 etc.).

“The power of population is indefinitely greater than the power in the earth to produce subsistence for man”. Thomas Robert Malthus

It is estimated that the population of the world reached:

  • One billion in 1804
  • Two billion in 1927
  • Three billion in 1960
  • Four billion in 1974
  • Five billion in 1987
  • Six billion in 1999

The second half of the 20th century saw the biggest increase in the world’s population in human history. Our population surged because:

  • Medical advances lessened the mortality rate in many countries 
  • Massive increases in agricultural productivity because of the “Green Revolution”

The global death rate has dropped almost continuously since the start of the industrial revolution – personal hygiene, improved methods of sanitation and the development of antibiotics have all played a major role.

You can view the rest of the article here…

Gold, Nonferrous Metal, Silver, Tin

January 12, 2012

Where is the Dutch gold?

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 Klaas KnotGold serves as the basis of the global monetary system for the simple reason that it exists as a finite, physical store of value. And unlike every issuance of debt or piece of printed money, there is no counter party risk – unless, of course, you don’t actually have the physical gold in your possession. Then it’s no more a basis of one’s reserves than all of the digital money created with a keystroke.

Hugo Chavez understands this and that’s why he ordered all of Venezuela’s gold to return home. He’s also not a particularly popular guy in the West which works to his advantage in this case. He’s not afraid of upsetting the fractional gold apple cart by pulling 100% of his country’s gold deposits. It’s not nearly so easy for European countries, who are under intense pressure to leave their gold in the possession of the United States and the Too Big to Fail banks.

Take the case of the Netherlands. After much inquiry from the Dutch citizens about the details of their gold, the president of the Dutch Central Bank Klaas Knot admitted that a full 90% of the country’s gold reserves were not in their possession. Gold is the fallback in the case of a worst case financial crisis, but what good is it in that scenario if you don’t posses it?  Knot claims that this arrangement saves on shipping if they ever want to sell it. But why on Earth does the Dutch government need to be poised to sell 90% of its gold on a moment’s notice?  It doesn’t make sense.

The London Gold Pool was an arrangement of eight central banks and several European countries to pool their gold in the United States during the 1960′s for the purpose of defending the $35/ounce price of gold. Could the real reason the Dutch and so many other European countries keep their gold in the US be an unofficial version of the London Gold Pool? It would certainly explain why these countries continue to give away their best financial insurance in what promises to be an epic financial storm of either debt destruction or currency debasement.

Here’s an interesting article from last October The Dutch Central Bank Answers Ten Questions about its Gold which led up to this latest admission.

Gold, Nonferrous Metal, Silver, Tin

August 1, 2011

Roger Altman’s flawed economic theory: more stimulus

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Roger AltmanFor his latest piece over at Financial Times, Roger Altman fires up the economic fallacy machine and throws it into overdrive:  The economy needs more stimulus to recover; recessions must be avoided; we’ll solve our debt problem with more debt; and don’t worry, higher prices are temporary.

Let’s begin with this notion that a recession is a bad thing. Yes it’s certainly painful, like rehabilitation after an injury, but necessary in order to heal. A recession is a contraction in the economy due to the closing of failed businesses and the liquidation of bad investments. The process of clearing the market of these impediments is essential to growth. Critical capital tied up in these failed endeavors must be freed before it can be reinvested in more productive areas. It is these new investments that ultimately create new jobs and form the basis for future economic growth.

When government steps in to prevent this from happening, it only prevents the economy from repairing itself. The problems will continue to fester until they become so great that no amount of government interference can prevent the inevitable correction. When confronted with a looming recession, the cries should be not for the government to do something, but rather demands that it do nothing at all.

Stimulus spending is a political tool used to camouflage economic statistics in the short term. Temporary make-work programs do nothing to foster long term economic growth. Nor do they necessarily benefit individuals who have lost their jobs due to a failed business. The more troubling problem results from the fact that government has no wealth of its own. When government engages in artificial stimulus spending, it does so by plundering the private sector. Productive individuals are no longer able to employ the money that they have earned. The net result can only be positive if you believe that the government can allocate capital more efficiently than the free market. History and common sense tells us that this is not the case.

It makes no difference whether the source of this plunder is direct taxation, issuance of debt, or simply money printing. All is paid for in full by the private sector. The latter method is the most insidious as it steals the purchasing power from wages and savings. This is the source of the “temporary” higher gasoline prices Mr. Altman mentions. Does he believe that the 97% loss in the value of the dollar over the last one hundred years is also temporary?

In the end he leaves us in a conundrum where debt is threatening the future economy, yet still we must continue to rack up more, lest we threaten that same economy. In other words, the last stimulus failed to fix our problems, so let’s do it again.

Why on Earth do otherwise intelligent folks keep lobbying for failed policies? The answer is simple: Policies that are harmful to the economy as a whole are extremely beneficial to a select few. Fallacies are the means by which this select few convince the greater population to go against their own self interests.

I’ll leave it to the reader to decide for themselves whether Mr. Altman is one of the select few that benefits from the fallacies that he pushes.  Two good places to start would be the GM bailout and the Whitewater scandal.

Update: Further googling reveals that he is also a member of the Council on Foreign Relations and a regular attendee at Bilderberg.