Mayascribe's  Instablog

The below link will take you to the latest emails that were hacked from the CRU:

http://www.ecofactory.com/news/climategate-leaked-climate-scientist-emails-expose-manipulation-112009

Don't miss this hilarious Climategate music video!

http://newsbusters.org/blogs/noel-sheppard/2009/11/24/minnesotans-global-warming-mock-climategate

The Wall Street Transcript interviews James J, Puplava, who advises investors toward agricultural and precious mineral stocks. Article below:

http://www.investorsobserver.com/email/11-19-09_ips.html

Update: On November 23, 2010, around 2:15 PM, CNBC did a segment on the various forms of US debt, including putting the below website up on an apropos huge screen. The below article was written November, 16, 2010. CNBC commented that they may, "Spend a whole hour on the US Debt Clock." Likely they will as giddy as Steve Leisman and Erin Bernette were as they examined the clock. 

On August 16, 2009, I first wrote about how US debt is spinning out of control. Since exactly 3 months have passed, I thought it would be a perfect day to revisit the exploding debt (again, this article was written on November 16th)  

These numbers are taken from: 

 usdebtclock.org

Below is a link that explains the purpose of the Debt Clock:

http://usdebtclock.org/about.html

This study is admittedly a most inexact science. No one knows what further stimulus plans are in the works, nor, the exact timing for when the current US stimulus plans will go into effect.  No one knows when the US will slow printing money, nor when sizeable inflation will commence, which will devalue US assets. Tracking the below statistics is, though, one method to measure how debt is exploding. 

Since the August 16, 2009 column, several categories have been dropped from the Debt Clock, most notably, "US Actual Unemployed," which was considerably higher than "US Officially Unemployed."

--US National Debt:  On 8/16 was $11.65T, today (11/16/09) it is $11.996T; and increase of $316B.  Extrapolation of the data has the US National Debt on 8/16/10 at a total of $13.380T.

Note:  This figure is arrived to by multiplying the previous three months increase of $316B times 4, which equals $1.264T, and then adding the current debt of $11.996T to equal $13.380T, giving a simplified year out projection.  All projections in this column will use the same formula. 

--US National Debt Per Taxpayer:  On 8/16/09, Debt Per Taxpayer was $38,091. Today it is $38,954 per taxpayer, an increase of $863 during the past three months. Multiply $863 times 4 to get $3,452.  Add $38,954 plus $3,452 to arrive at a projected debt per taxpayer of $42,406 by this time next year

--US Spending:  On 8/16 US Spending was $2.427T.  Today, $3.235T, and increase of $808B, times four would increase US Spending by $3.232T

If the above projection proves true, the US Spending will almost double by this time next year, bringing total US Spending to $6.467T 

--US Spending Per Person:  This category is no longer available. On 8/16 the figure was $8,027. On Sept. 1, 2009, it was $8,620.  Taken from the US Census Bureau, the current US Population is 307,949,734.  Dividing US population into $3.235T equals roughly $10,505.00 per person.  Projections show that in one year debt per person will equal $21,010 per person

Largest Budget Expenditures:

--Defense/War: On 8/16, $407.37B.  Today, $557.93
--Social Security: On 8/16, $400.9B.  Today, $594.78B
--Medicare/Medicaid: On 8/16, $388.34B.  Today, $658.82B

Note: The above three categories are not extrapolated, as Defense/War is too unpredictable.  Social Security and Medicare/Medicaid will be addressed later in this column.

--Interest Payment On Debt: On 8/16, $294.77B, Today, $335.99B.  Interest payment on debt is compounding.  Factors unknown such as a national emergency, acts of God, war, more stimulus, or how much the FED "invests" in Treasuries, makes predicting Interest Payment on Debt by this time next year a task for the grandson of a Grey Computer.  It will be interesting to revisit this figure three months and one year from now.

--Officially Unemployed: On 8/16, 14,611,776. Today, 15,799,029, and increased of 1,187,253.  The "Actual Unemployed" has been removed. The Actual Unemployed figure on 8/16 was 18,747,467

--Oil Purchased From OPEC: On 8/16, $60B.  Today, $101.533B
--All Oil Purchased: On 8/16, $145B.  Today, $251B

--Loss of National Household Wealth was discontinued:  On 8/16, the figure was $12.11T

--Currency and Credit Derivatives:  On 8/16, $644.520T.  Today, $626,464, a drop of $18.056T

--Unfunded Liabilities:  Discontinued.  On 8/16, was $58.9T (see below)

--Unfunded Liabilities per person:  Discontinued.  On 8/16, was $192,000/person (see below)

--Unfunded Medicare/Medicaid Liability:  On 8/16, $39.36T.  Today, $73.635T.  Unfunded Medicare/Medicaid Liability has risen by $34.275T, nearly doubling during the past three months.  Extrapolation out 12 months projects unfunded Medicare/Medicaid to reach $210.735T Simply an impossible number! And I most certainly disagree with my own simplified method of extrapolation in this particular case. Yet...examine how the past three months have soared.            

Note:  The above projection is the estimated "future cost" by this time next year, out into the distant future.

--Social Security Liability:  On 8/16, $10.7T.  Today, $$13.995T

--Prescription Drug Liability:  On 8/16, $8.56T.  Today, $14,517T

Note: Social Security and prescription drug liability are estimated future costs. 


Some other statistics I will begin tracking here forward are (statistics taken at market close today, November 16, 2009):

--Food Stamp Recipients: 37,502,582
--Private Debt per Citizen: $54,274


US Balance Sheet:

Small Business Assets                                $4.97T
Corporation Assets                                     $13.115T
Household Assets                                       $56.198T

Total National Assets                                  $74.284T

Assets Per Citizen                                       $241,220


Social Security Liability                                $13.995T
Prescription Drug Liability                            $18.517T
Medicare Liability                                         $73.635T

Total US Unfunded Liabilities                       $106.147T

Total Liabilities Per Citizen                           $344.690T

(Less) Total Assets Per Citizen                   ($241.220)

Assets minus Liabilities Per Citizen              ($103,470)



In summary, it appears that the only good news about the various forms of US debt are in US Currency and Derivative debt. 


       
   


    

This is my second attempt to crack the secret of an e-tease where an e-letter claims one can make ten or twenty times their money if one forks over a weeks pay to learn "the secret!"

My first attempt to out sleuth the taunters, they being  Monday Morning was about The Third Element of which Monday Morning, claimed that, "One company...will save the world 146 billion barrels of oil...siphoning of $10.4 trillion in oil revenues! That early-in investors could turn every $10,000 invested into $294.000!"

That secret company that Monday Morning was touting is American Lithium Minerals (AMLM). I made a nice chunk of change off of busting that e-letter wide open, and then getting out. Below is the scary chart of (AMLM) since I started receiving those taunting e-letters:    

http://stockcharts.com/h-sc/ui?s=amlm

What Monday Morning does not tell the suckers is that American Lithium Minerals needs somewhere between $100.000.000 to $200.000.000 to get the mine up and running.

Onto the next sleuthing, but this one is legit:

I highly recommend for everyone to watch the below video about the promising future of commodities, especially gold. The interview is with Dr. Stephen Leeb, who lays out a convincing argument for the promising future of commodities. Just ignore the solicitation at the end of the video, because yours truly has figured out Dr. Stephen Leeb's secret stock.

Here is the link to the interview: http://www.leeb.tv/node/70?sid=200478
  
Hat tip to OptionsGirl for providing the above link.
 
Toward the end of the outstanding video, Dr. Stephen Leeb states (paraphrased and condensed), "In a year or two, your investment advisor will be adding another class of investments. Now there are three; stocks, bonds and cash. Soon there will be a forth, precious metals. One small company in particular, not going to name it, has massive gold, silver and copper deposits. This small company has investment major partners, Barrick has a big investment, as does Teck [Cominco] and Rio Tinto." 

Okay, so what's the "small company?" First thought is that this small company is not yet a producer. Two come to mind. Northern Dynasty Minerals (NAK) and the other, Nova Gold (NG). Both of these companies fit the profile, both have "massive" in-the-ground assets and both have yet to begin harvesting those assets.

From Northern Dynasties I learned this:

http://www.northerndynastyminerals.com/ndm/NDP.asp


Nope, not (NAK). Because Dr. Stephen Leeb doesn't say AngloAmerican has a 50% stake.

So let's check out Nova Gold.

Mid way down the following link, there is a bullet titled "Experienced Partners: With senior partners contributing their construction and operating expertise..."

Well, who are these mystery partners?

Ah! Another website has this:

http://blog.redchip.com/index.php/2009/headline/novagold-extraordinary-value-extraordinary-leverage/

Ah hah! There it is! Mid way down the above link you will notice "Experienced Partners" that lists Barrick Gold and Rio Tinto.


Case cracked. We all just saved $995.00!

But wait, I almost made a mistake. This time it's $997.00!

If you want to give Dr. Stephen Leeb $997.00, here's the pitch; the taunt:

http://leebsrealworld.com/

And here's the cost:

https://leebsubscriberservice.com/RWI/LRWOF0309A/order.php

The Britts unveil a plan today to build ten nuclear power plants.

They also plan to up their 3 percent of renewable energy to 30 percent by 2020.

Story below:


http://www.msnbc.msn.com/id/33821302/ns/world_news-washington_post/

Half ton of gold missing from the Royal Canadian Mint?

Stories on Comex, GLD, India, China, and much more.

http://www.marketoracle.co.uk/Article14818.html