BullMarketRun.ca

October 10, 2012

21 Comments

1. 

   Editor’s note: Sherrilyn A. Ifill is a professor at the University of Maryland School of Law and the chairwoman of the U.S. Programs Board of the Open Society Foundations. She is the author of “On the Courthouse Lawn: Confronting the Legacy of Lynching in the Twenty-first Century.”

   (CNN) — Mitt Romney’s strong debate performance and his apology for his callous remarks deriding 47% of the American public appear to be moving his poll numbers up in some states. But Romney’s reinvigorated campaign is unlikely to move black voters.

   Black support is at 0%, according to a NBC/Wall Street Journal poll (PDF) reported in late summer. The reasons for this may have powerful implications for the future of black political strength in presidential elections.

   It’s worth recognizing that the unwillingness of black voters to offer any measurable support for the Republican presidential candidate is unprecedented. It’s not enough to say that blacks are voting for President Obama because he’s black and that racial solidarity trumps politics. Or to note that black voters are overwhelmingly affiliated with the Democratic Party.

   Sen. John McCain and vice presidential candidate Sarah Palin ran against a considerably more charismatic and untarnished Obama — who was still black in 2008. McCain received 4% of the black vote. Black voters offered measurable levels of support to George W. Bush, 8% in 2000 and 11% in 2004; Ronald Reagan, 11%; and even Richard Nixon, 18%.

   Opinion: Romney’s foreign policy twilight zone
   Sherrilyn A. Ifill
   Sherrilyn A. Ifill

   One of the reasons African-American voters do not support Romney is that they see the Republican Party’s treatment of Obama, from the first weeks of his presidency, as an assault on a kind of racial collective dignity. This includes remarks such as GOP trash-talker John Sununu’s description of the first black president of the United States as “lazy” after his poor debate performance.
   Sununu stands by welfare criticism
   Mitt Romney speaks with Wolf Blitzer
   Stacey Dash on Romney and Twitter
   Burton: Race hasn’t fundamentally changed

   It may seem like a long time ago to most Americans that Obama gave his first post-State of the Union speech before a joint session of Congress. But for many African-Americans, it seems like yesterday that the shaky credibility of the Republican Party began its final downward slide. What we now know as the “you lie” moment, when Republican Rep. Joe Wilson actually heckled the president of the United States, will one day be remembered as a watershed moment in racial politics.

   Only the immediate, fierce and united Republican condemnation of Wilson could have possibly mitigated the effect of that moment on millions of African-Americans. That kind of condemnation did not happen.

   At its very core, racism has always been experienced as an attack on dignity. Whether it was referring to a black man as “boy” or to black women by their first names, exiled to the back of the bus or to a separate water fountain, racism was a daily indignity for many early 20th-century blacks. Segregation itself was an attack on dignity. The idea that the very presence of blacks would sully white schools, lunch counters or hotels struck at the dignity of blacks as human beings and fellow Americans.

   The civil rights movement worked to bring about economic and political power, to be sure. But at the core of those rights was that people be treated with dignity and respect. So when the Harvard-educated, eloquent, high-minded first black president of the United States is heckled in front of his wife by a member of Congress during a nationally televised speech, it is a game-changing moment for millions of blacks.

   Rather than an isolated event, the Wilson affair was followed by other affronts, both big and small. Republican leadership’s priority of ensuring Obama’s failure in office. The refusal of formerly moderate Republicans to stand by positions they had advocated in the past in order to isolate the president. Parental protests against Obama’s desire to send a message about studying and working hard to schoolchildren before the first day of school in 2009.

   Arizona State University refusing to give the Columbia and Harvard-educated president of the United States an honorary degree. The rise of the tea party and the Republicans’ cowardly refusal to call out racist elements in the movement. The video image of a tea party advocate apparently spitting on a black congressman. Tea partiers and others who bring weapons to events marked by vitriolic anti-Obama rhetoric. The entire “birther” movement and the ongoing attacks on Obama’s legitimacy and nationality. The bumper sticker that reads “Don’t Re-Nig.”

   Opinion: Romney’s sorta-kinda call to arms

   Each of these affronts was directed at Obama — but was experienced viscerally and personally by millions of black voters.

   The phenomenon is not easily reversible, at least not in the short term. It could even get worse: National Republican Party strategists might ramp up racial appeals to increase white voter turnout, efforts such as Romney’s “welfare president” TV campaign and the party’s crude efforts to suppress the black vote with voter I.D. laws.

   In effect, having fully alienated black voters, the Republican Party may now see its only option as doubling down in an effort to increase the voting strength of white voters. It’s a cynical ploy, to be sure, but it explains Karl Rove’s recent assessment of the vote in Indiana. And it may explain why the chairman of the Republican Party insists on invoking the image of Obama as a stick-up kid who “stole” millions of dollars from Medicare “to fund Obamacare” and whom Republicans should “prosecute.”

   The ironic result is that the election of the first black president may well have moved us further back in removing race from politics than forward. What will this mean?

   For the immediate future, we should expect Republican partisan politics to be fronted by an increasingly no-holds-barred use of racial appeals, particularly in places where Rove and like-minded strategists believe that working-class whites can still be manipulated by race. This will also mean stirring up hostility to policies that have been successfully racially identified in the minds of many working class white, male voters. These include welfare, criminal justice reform, support for cities and for public schools.

   Until Election Day, we won’t know whether the Republican Party assault on the president’s dignity will translate into passionate black voter turnout for Obama. But what is certain is that black voters have collectively cut ties with the “Party of Lincoln.” Instead, for blacks, the 21st-century Republican Party may one day be remembered as the party of Joe Wilson.

   Comment by Bert — October 10, 2012 @ 7:36 am

2. 

   db – Yes, the hit by nhk was steller, almost as good as gqc. I am surprised at the trading action on it today, all though the day is still young. The manipulation on the venture leaves one to wonder. Just look at gsr. It is definitely not the market I played back in 05 and 06.

   In regards to many of yesterdays posts, I try not to be critical of BMR at all, but I always post my honest thoughts, all though many may think I am way out in left field.

   I mentioned that RBW assays would not come out till November and some felt I was crazy. I still think it will be November. Time will tell. We have 15 trading days left to November 1st. glta

   Comment by dave — October 10, 2012 @ 7:42 am

3. 

   @bert. Really????? Who cares????

   Comment by Heath stockford — October 10, 2012 @ 8:08 am

4. 

   Jeb Handwerger recommended Liberty Silver recently, which is now embroiled in an investigation with the SEC. Sometimes I wonder where these “analysts” get their info, and how easy it is from them to get fooled by these companies.

   Comment by Fred — October 10, 2012 @ 8:08 am

5. 

   dave i think its because its the last set of holes so imvestors will be sitting waiting on results for sometime…

   Comment by db — October 10, 2012 @ 8:32 am

6. 

   GSR- bought some in mid 40s hoping for dead cat bounce….as of yet that cat had no bounce in her…

   Comment by db — October 10, 2012 @ 8:41 am

7. 

   Wow, not a very good few days for the venture. Its taking a beating

   Comment by Tony T. — October 10, 2012 @ 8:44 am

8. 

   @ Tony

   My take is the CDNX is still trading within a consolidation pattern.

   This will be broken to the downside only if there is a confirmed close below the 1294 level.

   Comment by John - BMR — October 10, 2012 @ 9:15 am

9. 

   Fred, I wonder how easy it is for investors to get fooled by these analysts/newsletter writers.

   Comment by OldMan — October 10, 2012 @ 9:22 am

10. 

    This market is seriously bored me to an absolute oblivion – I cannot wait to get out of the ventures – my gosh I’ve been holding RBW for almost a friggn year and I’m back to square one give or take a penny. If they don’t hit, see you later!!! Totaly not worth the risk – so many shares on the Dow have doubled in the past 4 months – literlly a handful at best have done that on the ventures.

    Pretty ridiculous. I had to vent sorry people – but rest assured if ever some volume resumes here, I am out in a flash.

    It’s gotten to wayyyyyyyy past ridiculous valuations and if by November index is still at 1300, then the ventures are clearly broken.

    Comment by tim — October 10, 2012 @ 1:36 pm

11. 

    We should see a breakdown in the Venture I would imagine in the next couple of weeks. I think we’re going to see some downward pressure in the next month or two with a rebound come mid-December after some tax loss selling similarily to last year.

    One confirmation of this is the breakdown from support in many of Venture leading gold stocks and no confirmation of a breakout from the venture along with ATC taking no part in the market upside in recent weeks. ATC has been a leader in market upsides and recently has consolidated.

    Unfortatenly, I think there’s a greater risk the in the short term this is merely a bear market trap for now. I think Q1 2012 will be a great month for the Venture.

    Back to hibernation.

    Comment by Andrew M — October 10, 2012 @ 5:06 pm

12. 

    Curious if you plan to comment on today’s deal with AUQ selling one of their mines in Mexico?

    Comment by Michael — October 10, 2012 @ 5:12 pm

13. 

    Bert: and all I can add is that Romney dissed Big Bird. National tragedy.

    Comment by Leo — October 10, 2012 @ 5:42 pm

14. 

    Swiss Study Shows 147 Technocratic “Super Entities” Rule the World
    Susanne Posel Oct 10th, 2012 0 Comment
    Susanne Posel
    Occupy Corporatism
    October 10, 2012

    The Swiss Federal Institute (SFI) in Zurich released a study entitled “The Network of Global Corporate Control” that proves a small consortiums of corporations – mainly banks – run the world. A mere 147 corporations which form a “super entity” have control 40% of the world’s wealth; which is the real economy. These mega-corporations are at the center of the global economy. The banks found to be most influential include:

    • Barclays
    • Goldman Sachs
    • JPMorgan Chase & Co
    • Vanguard Group
    • UBS
    • Deutsche Bank
    • Bank of New York Melon Corp
    • Morgan Stanley
    • Bank of America Corp
    • Société Générale

    However as the connections to the controlling groups are networked throughout the world, they become the catalyst for global financial collapse.
    James Glattfelder, complex systems theorist at the SFI explains: “In effect, less than one per cent of the companies were able to control 40 per cent of the entire network.”

    Using mathematic models normally applied to natural systems, the researchers analyzed the world’s economy. Their data was taken from Orbis 2007, a database which lists 37 million corporations and investors. The evidence showed that the world’s largest corporations are interconnected to all other companies and their professional decisions affect all markets across the globe.

    George Sudihara, complex systems expert for SFI claims that this phenomenon is a common structure that could be found in nature. Comparing the manufactured reality of the financial markets to the ecosystems of the planet, Sudihara says that although the 147 corporations that rule the world through influence and interconnectedness are no more harmful than the natural cycles of our weather or animal kingdoms.

    Yet because of the facts presented in the study, the financial crash of 2008 can be traced back to these tightly-knit networks. Future disasters can also be projected based on this analysis because of the “connectedness” of these influential entities which are only 147 corporations.

    It is suggested the global capitalism could be a useful tool to make the markets more stable by simply acquiescing to control by the technocrats. The world’s transitional corporations (TNCs) guide the flow of all economies through influence and manipulation which created a structure of economic power. Most corporations are guided by the shareholders who use the companies to wield incredible power over the shift of economic consciousness. And the behavior of the system reflects the direction taken by those who fund the super entities.

    Assumed by many that there was a complex architecture to the global economic power that caused financial systems to ebb and flow or crash and burn is not a scientific fact as evidenced in this study.

    As the banking cartels force countries in the EuroZone into sovereign debt, there is a weakening of the many multi-national corporations around the world. Wells Fargo and JPMorgan Chase have financially gained while stocks are being unloaded in other markets.

    This sovereign land-grab by the central banking cartels across Europe is mirrored in a recent Goldman Sachs report: “The more the Spanish administration indulges domestic political interests … the more explicit conditionality is likely to be demanded.” In other words the technocrats working for the Zionists are acquiring each country in the EuroZone.

    The European Central Bankers agreed to give any nation in the Euro-Zone a bailout if they agreed to hand over the country to them under the guise of “new rules and conditions when applying for assistance.”

    As America drifts downstream toward economic implosion, the Federal Reserve headed by Ben Bernanke has chosen a different approach. They unveiled QE3 last week as a pump and dump scheme to prop up the US dollar by printing cash that is backed by nothing, while purchasing the mortgage-backed securities from the same banks that created the scandal and acquiring land in a massive land-grab; the likes of which have never been seen in the US.

    Simultaneously, the BRICs nations (Brazil, Russia, India and China) are buying gold to back their fiat currencies to avoid being caught up in the destruction of the technocrats as they march toward one world currency. BRICs have become the anti-thesis to the banking cartels of the Zionist regime.

    As these nations pair with Middle Eastern countries like Iran to trade gold for petrol instead of the US dollar as the global reserve currency, the Obama administration has begun a propaganda campaign against China involving a manufactured cyber-threat.

    In Iran, the terrorist factions that do the bidding of the Zionists to topple governments by inciting fake revolutions have been deployed to Iran to stir-up trouble and blame the failing Ra-il which is being strategically destroyed by sanctions placed on the nation by the US. The American Israeli Public Affairs Committee (AIPAC) coerced the US Congress to pass HR 1905 which further tighten the economic noose around Iran for the benefit of the Zionist-controlled Israeli government.

    In April of this year, the BRICs nations met to agree upon a strategy that would liberate the countries of the world from the grip of the technocrats. The BRICs countries are pushing for peace, but not through force and occupation of other countries to obtain this goal.

    Vladimir Putin, President of Russia had this to say about the United Nations and their obvious attempts at global governance through usurpation of powers over countries. “One of the priorities of BRICs for the years to come should be the strengthening and key role of the UN’s Security Council in maintaining international peace and security. And also ensuring that the UN is not used as a cover for regime change and unilateral actions to resolve conflict situations.”

    A joint BRICs bank was discussed with vigor. It would serve as an alternative to central banks that abuse their power at the expense of nations worldwide. They hope to replace the International Monetary Fund (IMF) and the World Bank. The IMF and World Bank are alarmed by this move and highly disapprove of it.

    This is not shocking, considering that the central banks play a game of printing fiat that has no precious metals backing the paper.

    Over 180 countries have signed onto the BRICs agreement as evidenced in their declaration. While the global Elite still hold power over the G5 countries, the rest of the world is standing up, severing their ties and making plans for a new world without them.

    Tags: banks, corporations, globalists, new world order, the fed

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    Comment by Heath stockford — October 10, 2012 @ 7:16 pm

15. 

    Richmont Mines Inc. A reply from Richmont.
    The CAN$10 million debenture was an investment made by Mr. Bob Buchan and two members of his family, and was tied to Mr. Buchan joining our Board of Directors. When Richmont decided to retire this debenture early, without penalty, Mr. Buchan decided to withdraw from the Board.

    Comment by Alexandre — October 10, 2012 @ 7:20 pm

16. 

    Should be mentioned thst there was a pic that went with thst article that I cannot copy from phone but basically says that banks tee mafia and Vatican are the controlling body

    Comment by Heath stockford — October 10, 2012 @ 8:02 pm

17. 

    News will be released from RBW today :

    Le 11 octobre 2012 à 00:03, David Johnston a écrit :

    > Sylvain your timing is excellent. There should be a news release out this
    > Thursday. (October 12, 2012.)
    >
    > David Johnston
    >
    > Sent from my iPhone
    >
    > On 2012-10-10, at 8:24 PM, Sylvain Lepage
    >
    > > >
    > > Hi Mr. Johnston,
    > >
    > > You are probably very busy but I have some inquiries regarding the
    > > company…..
    > >
    > > We are still waiting for promised news since last week…
    > >
    > > Is it something coming soon ?
    > >
    > > It’s so long to have something released that it looks like RBW didn’t
    > > have good news to launch…..can you reassure me in a way or an other ?
    > >
    > > Thank you for your understanding

    Comment by Sylvain — October 10, 2012 @ 8:48 pm

18. 

    Thursday is the 11th

    Comment by Stephan — October 10, 2012 @ 10:05 pm

19. 

    Leo – Bert: and all I can add is that Romney dissed Big Bird. National tragedy.

    Bert – A touch of sarcasm i assume, but still worth posting, because it did
    bring a smile to my face, so early in the morning. Actually, i should
    have requested a response from the children… R !

    Comment by Bert — October 11, 2012 @ 1:48 am

20. 

    Good work, Stephan There’s obviously news on the way and I can add a little more information that I gleaned yesterday afternoon on a couple of fronts which provides additional insight/clues. First, Johnston has booked an interview with BMR for Monday. More importantly, I think, I learned from my street travels yesterday that he has done the same with Stanlie Hunt, and he’s not free. What’s significant about that is that companies normally don’t book with him unless they’ve got something very good to report, and that has certainly been the case with RBW previously. So we know there’s news coming and I’m speculating based on that, plus what was stated at the conference in Toronto a couple weeks ago, the news could be stellar, especially if Johnston is going to be making the rounds in Vancouver. If that’s the case I would hope that they would be smart and wait until Monday morning to get the word out.

    Comment by Jon - BMR — October 11, 2012 @ 3:15 am

21. 

    Thank you Jon, I am also rather hoping for Monday news.

    Comment by Stephan — October 11, 2012 @ 9:46 am

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