Sunday, December 8, 2013

FOR THE LOVE OF GOLD

Four mortuary vans for 32 bodies were ordered to the Lonmin mine by Police just hours before 34 were killed
Let's not dwell on how the sausage is made. On the other hand...let's. Inspired by the recent "debate" on the MSM over the "filth" demanding a higher "minimum" wage increase, I thought I might show how one of the sectors that I invest in deals with these type of "wage demands". Some of you are familiar with the "Blood Diamond" controversy and how manipulated that controversy is used to protect the diamond cartel, but some of you may have missed some of the "developing World's" issues with gold mining by the cartel. An order was placed just before the raid in August 2012 by the South African Police Colonel for 4000 rounds of R5 assault ammo. 

The current investigation is now in the "hearing" phase, but at least arrests were made.....270 colleagues of the slain miners were arrested and charged with their deaths under an apartheid law called 'common purpose'. These actions effectively ended the strike on the gold mine. "Thank Gold" we were able to prevent these parasites from closing down a mine for that "barbarous relic". If anyone followed this massacre, they will duly note these were not white on black events but instead they are about Power, Control, and Class.....the age old game of the "Money of Kings". 

Just a note to those that believe these events are isolated to the developing countries may want to reconsider what the coming Supercycle deflationary wave may bring to many developing countries. The wealth disparity being created by bankers will begin to cause cracks within the fragile relationship of the haves and have nots. Soft marshal law is being incrementally implemented by many Western Governments in anticipation of social breakdown. Will similar scenes occur here if Wal Mart employees become more militant? More and more stress will develop withing the fabric of the "middle class" as stagflationary forces push families to the brink. The Affordable Health Care act is estimated to push health care costs for many families up by over 40%. Of course this will not show up as "inflation", but it will show up on the "stress" scale.

Militarization of local police departments will continue as "federalization" of law enforcement goes into overdrive. "Peace Keeping" will take an entirely new meaning as we go deeper into the drive to save CONfidence. Just remember your programming. Precious metals are not significant, even though we have had the gold bullion confiscated from at least 4 Middle East countries in the last 4 years. Even though India has implemented four separative directives to stop the flow of gold from the West into their borders. Someone thinks this relic is important enough to murder 34 miners fighting for wanting a living wage. 





59 comments:

  1. http://www.zerohedge.com/news/2013-12-08/japan-press-china-japan-war-break-out-january#comment-4227746

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  2. Why do you think they are celebrating the death of the of the murderous ANC butcher on all MSM channels. Not only did he kill countless innocents brutally by the necklace, but sold out the people once he and his party came into power.

    As for China and Japan, a little gift from the North Korean proxy near Fukishima will make Japan uninhabitable for the next 10,000 years along with making the West Coast radioactive for the next few hundred. They need an excuse for the collapse from the market top.

    The elites bunkers will not protect them you still need ventilation even deep underground.

    The cold weather will put a slight damper on shopping.

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    1. This is true. Their strongest ally was the Soviet Union.They would have released him from prison anytime he would have agreed to stop terrorism. Thanks for the reality check red. I hope you saw my post about "my" lieutenant who died in Vietnam in 1966. He was a spook! Looking back, I was so young and had no clue the meaning of all of it.

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  3. http://finance.yahoo.com/news/rising-riches-1-5-us-080438335.html

    Bud maggots. Hehehe

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    1. Inlet,
      What "bugs" me about the article is the reference that $250,000/year is now "rich" and they even made reference to over $100,000/year as being wealthy.
      The income level for "rich" keeping dropping with time, even though the purchasing power of those dollars drop as well.

      If you use the CPI inflation calculator, those earning $250,000 in 1990 would need to earn $447,000 in 2013 just to be even.

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    2. Doc, it is location, location, location - as with real estate location matters. In smaller metros or rural south $250k is very well off. In Central America it is rich... In NYC $250k is barely surviving.

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    3. I don't make anywhere near $250k and live quite comfortably and it's definitely due to location as you say. That and avoiding debt as much as possible and not buying every new shiny thing that comes about.

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    4. I agree, but it still bothers me is how the definition of "rich" has been lowered with time. Martin Armstrong had a graph showing this--I will have to see if I can find it when I have some time.

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    5. Congrat's Doc you finally made it!

      Hehehe but you right $250k in NY is a Just comfortable up by you and a little better than getting by down by me....

      Oh and thanks for the reminder Inlet, btw we are adjusting our sights a bit further south, hope you folks are friendly to Carpet baggers ;)

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  4. they're bleeding all classes but particularly the middle class.......if you think you are rich at 250K/y.....HAHAHAHAHAHAHAH

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  5. furthermore once reserve currency status is lost then dollar demoninated assets will be CRUSHED and very quickly. More than likely an overnite reset will occur first with new currency/SDR

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  6. Interesting take on the "rich" when one year in a private college is now $61,000 excluding living expenses such as clothing, any entertainment, travel. That is AFTER taxes. That happened really fast as when my "children" graduated merely 20 yrs. ago it was about $15,000-$20,000. That is 300-400% in 20 years.

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    1. But just think about how much more they're learning these days. I have two kids at a major university and I feel good about it. Did I say feel good? I'm sorry, I meant I feel like an idiot. Anything for the children. :(

      I do enjoy it when my son sends me pictures from his class of the professor captioned, "liberal douche."

      I know I've taught him well and know that he, and my daughter, cannot be indoctrinated into the mindsets of these academic morons.

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  7. Also Rambus calling for the possible "annihilation phase" in the miners specifically, the HUI) from now until May. We'll keep a sharp eye here I'm sure.

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  8. "Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves."

    "Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized."

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  9. hehe... all you guys talking about making $250K.... I can't even get to $100K

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    1. You ain't alone chief :) But if I recall correctly we're both relatively young.

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  10. know a number of 7 figure/y boyz in NY and last time I was in town they all were wondering "how they were going to make it".......their "carrying costs" are enormous and they truly are in trouble...........so it does not matter your income if you don't control your "outgoing"

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    1. Biggest secret to wealth right there. Get your outgoing costs as close to zero as possible and it doesn't take much to save up a nice nest egg over some time.

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  11. yes indeed Hubz.....but you are conditioned to spend and become debt slaves and its very effective for the sheep.....once that treadmill stops all hell breaks loose for the "economy" and the ponzi........here's a little secret they know........its already stopped

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  12. I followed Sy Hersh for years and he's NO conspiracy theorist

    https://hppuniversity.litmos.com,http://blogdogcicle.blogspot.com/2013/12/corporate-media-ignores-evidence-cias.html

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  13. Looks like the LIESman is back at it

    http://www.zerohedge.com/news/2013-12-10/steve-liesman-get-ready-here-it-comes-december-taper

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  14. btw this would catch a lot of money trying to hold positions for LTCGs..........so it would be perfect if they tank it

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  15. Phil Davis wrote today about being in cash.
    With so many bulls expecting an end-of-the-year run, perhaps they will tank it.
    Bernacke is still the chairman until the end of January, so, we could have a mini-crash now (Inlet's charts support this) and then still have a bullish run in January to make Ben look good as he hands off to Yellen.

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  16. noticeable move in PMs off this area.......I won't sniff at this one

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  17. More "filth" ...they must like it this way.......sarcasm off

    http://theeconomiccollapseblog.com/archives/the-most-homeless-children-in-new-york-city-since-the-great-depression

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  18. random thoughts......."just how much bullion are they prepared to lose to maintain the status of the fiat ponzi?" ..... China may now have over 8000 tons >>>India and Middle East are loaded now as this insane beatdown continues. So HOW LONG are they prepared to maintain the illusion. Without a military conflict they lose everything..........

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  19. What is rich? You pay the bills, fund savings (retirement, college) and have $s left over at the end of the month. Of course it has to do with income and controlling spending. Using that as a guideline - I feel well off (rich? probably not) with a heck of lot less that $250K a year income. I have no mortgage or auto payments. School bills are history. Saving for retirement is history. Supporting others is history. Yeah I made over 6 figures some years when I was working. Health insurance and copays for meds are my largest expense. So as you can see - for someone like me - I wouldn't know what to do with an income of $250k a year. Hehehe

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    1. Exactly........ "What is Rich"?

      I really believe "Wealth" is a state of mind, I've had a number of great years, yet I at the time I was not content and always looking for more. Life's luxuries, those I believed that were "necessary" at the time always seemed out of reach, bigger house, better car, fancy clothes ect.... It was a maddening cycle at least for me but in hindsight I never realized that I had more then I needed and had I behaved more prudently then and moved South sooner well life would be a little bit less stressful then it is now.

      Making a lot of coin is always good but doesn't always bring happiness (just look at what Kli said above about those folks making 7 figures, chit you would think a few years like that and you would be one happy camper) and for some reason most folks ALWAYS spend up to their income, trust me I know!!!!

      Sure do wish I could take a Mulligan on a few things in life but hey as the old saying goes "I am where I am because that's where I am".

      What is nice is not always necessary and what is necessary is always nice!





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    2. Barron's had a definition years ago for "Are you rich". Basically, it was $2 million in liquid assets (cash, stocks, etc.) and all other expenses fully funded. So, home paid for, cars, college costs, etc. all fully paid for or funded.
      Now, that definition was perhaps 7-10 years ago, so I suspect that $2 million in liquid assets in now higher.
      Next Fall, I will have two in college and is that fully funded already?? Uh,...No

      Sounds like you're doing great Inlet.

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    3. To finish my point, I do make less BUT I'm no longer reaching for needless "Stuff", have a whole lot less debt and believe or not I'm more content, that is until my third hit's college....... Ditto Doc :)

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    4. Doc - when you got Bud giving you SNAP benefits, section 8 housing, and yes even a cell phone life is good!!! Now if I could get Bud to pay these health care expenses. Hehehehe I crack me up.

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    5. Do you live in Murrell's Inlet? If so you are right down the road from me...I should know this, sometimes I'm brain dead. Do you know Pat Farlow?

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    6. Have a townhome in MI. Winter time leaves off the trees I can see the Inlet from the upstairs window (so about 2 blocks back from the Inlet shore line. Love my favorite place early in the morning looking across the Inlet toward Huntington Beach State Park (no houses to be seen that direction). For health reasons every morning (6:30ish) I start my morning walk of at least 4 miles This time of year not many tourists around.

      Lived in Charlotte late 80s early 90s across from UNCC, but Charlotte is a mid-sized city with big city ambitions (so not small enough, but not large either). Looking to buy some acres down near Spartanburg/Greenville by spring if I have no new health problems. Then I have to decide do I keep the place in MI and rent it out or sell it.

      Do not know Pat.

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  20. Just my opinion but if you hopped in some gold moves the past day or so you might think about cashing out and going to the sidelines here. See if that gap fills from this morning.

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  21. the traders on the pumps have made the money this year that's for sure Hubz..........and one day those gaps won't be filled

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  22. Well, spent the afternoon at the mall and other smaller shops. There was literally almost no one there except Patrick Ewing and someone with him. He is hard to miss. My friend and I were amazed that 2 wks. before Christmas, no one is shopping.

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  23. http://www.caseyresearch.com/articles/the-correction-isnt-over-but-golds-headed-to-20000

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    1. So glad you posted this. Long, but worth the read. Also in line with Martin Armstrong's timeline for gold.

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  24. http://news.goldseek.com/GoldSeek/1386774600.php

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  25. Tom wrote,"Think, I'd be interested in what your suggestions would be for "getting involved", I have tried locally and let me tell you I didn't make too many friends hehehhee. Your banging your head up against a "System", not necessary people. It's funny one on one you can get pretty much anyone to see your view point on matters but put a few together and suggest removing an small element of the punch bowl that could cause their constituents to get a bit grumpy, well that doesn't work to well.....

    Laws on top of Laws, Regulations designed to protect the status quo all managed by folks that have only their best interest at heart along with their donors of course, oh and did I mention an addiction to debt.....

    If the Article V Constitutional Convention being talked about grows some legs we might have a shot but I ain't holding my breath....

    Local, State or Nationally its a fkn mess.

    Sorry it is what it is......

    First off, I am involved in as much as I can so I only get a day or so every week or so totool around the interweb, so sorry about not responding earlier to you. All your points have merit, so, as with many things, it pays to do some research. I am involved a fair amount so I can go on about this, but I'll say a few things. Other than reviewing the video about house-mom Daphne earlier, start really local---just show up every so often at city council or county board and see what they're up to. Soon you'll find out if some or any see things more or less the way you do. Those are where to start. People, even small fry politicians like to feel validated, so go validate them on a few things. You might even know some of them, even by a degree of separation or two. Then ask them questions, not telling too much, just listening. They may ask you questions, fine. But ask them about a variety of political views on local or state or national or international issues. See what they're doing about those things, they may point you to other like-minded citizens, efforts, groups or higher up politicians.....

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  26. You can do this with state legislators as well. But do your research---look at districting. Legislators in dense industrial or urban centers may be under the thumb of various interests bigger than you and might be a waste of time. But they won't want to be in the minority or the wrong side of an issue, so find the districts that are pretty generic or more residential agricultural and have specific issues to discuss when you schedule a meeting in the office. Interestingly, this targeted approach even works on the national level---the House of Reps are determined by districts and some are from pretty quotodien districts and many of these reps are pretty close to regular folks and you will be able to find out where they stand and what they are working on. You can volunteer to help. Keep in mind many are NOT big shot career politicians and have other lives, which again may connect to you or someone in common. These are just places to start breaking ice, savvy?

    Aside: There's been a lot of stuff on this site and from others about how national politicians/electians are a waste of and false choices and distraction puppets, blah blah blah. That may be true to a certain extent for the presidential election, but not all the politicans. Again, just look at the testimony a week ago in committee hearings with that guy from the CATO institute. I said somebody invited him there for a reason. If the Reps asking him the right questions are your reps, great, if not, so what? they don't have to be your rep for you to speak to them to see how you can get YOUR rep to open their eyes. You can also see in the hearings who is bought and paid for and who spent the hearing saying what a waste of time and saying "there's nothing to see hear."

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  27. So some will be obvious an obvious waste of oxygen and flabby flesh.

    In any case, you can go to your state capitol and find something to volunteer in or attend some event (find bulletin boards) or become active somehow. Daphnee lee showed up at various committee meetings and you are allowed to go put in your 2 cents, even if the comments have nothing to do with the subject of the committee meeting. Or you can work in a few of your pet subjects/soapbox issues in a discussion not otherwise overtly related. The best thing is to do it with some others who share your interests. Politicians like anecdotes, but a group (whether it's 2 people or 2 million) is better. Plus it's better to have company when plodding around public edifice. Whatever the case, remember, more flies with honey than vinegar. If you've been steaming about all the drive-you-insane shit going on, you can lose your patience pretty quick. But you need to find a way to morph into a shit-eating possum at times. This is the way they play, so learn to play it. Then break all the dishes when you get home. Anyway, I can go on for hours, but if you try something, ANYTHING, you'll run into others like you, feel a bit better, and your direction will become more obvious based on your particular situation. (I don't know if you are a doctor, lawyer, accountant, butcher, baker, candlestick maker, business man, what business you're in, what your knowledge base/expertise is....)

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  28. That's what you and I are OBLIGED to do as Americans. It is our civic DUTY. It's more than most do and as much as most people can expect. If nothing else, you will tell your kids you didn't stand by playing the fiddle while their futures burned.

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    1. Think,

      Thanks for the response and your path is spot on (if you believe, I no longer do) and I love your enthusiasm, it may surprise you I have tried most with the exception of getting involved in Albany Politics/Corruption and running for local office.

      A few years ago I was very involved in a budget advisory committee where I live and did in fact learn quite a bit about the “The System”. One would think when approaching such matters as budgeting/funding/spending, it would be cut and dry, similar to any “Private” business, hehehehe not so much in the “Public” sphere….

      I learned rather quickly “How things Work” and it was nothing what I expected, you know addressing and correcting structural issues, attracting Business for growth, promote local job opportunities and enhance the Commercial Tax base, addressing inefficiencies, eliminating redundancies, eliminating dead wood, increase productivity ect…. Hey at least that’s what I learned in the Corporate/Small Business World and when you get right down to it, it’s really nothing but “Common Sense” but anyway, what I actually did learn was the preferred method of doing business in the Public sphere was “Covering your Ass” & “Kicking the Can”.

      Again all this at a local level and don’t kid yourself it’s no different as you climb the ladder the only difference is the amount of money that influences the “Representative” as well as the “Party” apparatus.

      Now that’s not to say your local "Pol" is not a nice person and many have run to effect "change" but in the end the only "change" that happens is to the "Pol" and I have witnessed this with a number of my local “Representatives” of which some are friends.

      The deal is either you play along to get along or you don’t and you’re out. I was asked at one point to run but I respectfully turned it down because I will not serve the system that’s what is required and that’s what you do or like I said you’re out, it’s that simple.

      “THE SYSTEM” is designed in such a way in NY that there is no way to address the structural issues at a local level, so much of the spending is baked in via legacy costs and contractual obligations, so the little discretionary spending that is in their control is very little. The funny thing is the little spending they actually have control over is fought over by the few voting blocks that can swing an election and at times do, if they don’t get their way.

      I have had more success blogging locally and bringing attention to local matters and have in fact actually got them not to bond and cancel a couple of proposed projects that we cannot afford but I can assure you that to comes with a price, hehehehehe!!!!!!

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    2. part II

      The frustrating part of the entire thing is most people just don’t give a chit to spend the time to get involved and when presented with issues they really don’t care but they love their “Representative” just don’t ask them what happened at the last Board Meeting……. Hehehe and the issues that you try to shine light on and inform those that don't give a chit, you get chit on by the supporters of said issues.

      It’s not like I’ve “not” done my “Civic Duty” locally, actually I’ve done more than most but after a while, banging your head against the wall and pissing in the wind only leaves you soaking wet with a head ache!!!!!

      Frankly I’m done with NY and it’s time to move on and simplify life, do you read Karl Denninger’s “Market Ticker”? At this point I’m more inclined to agree with his course of action although I don't have his resources but I can simplify……

      As for the two party system, it's a FKN fraud..... CATO Institute, Phhhaaaalease!!!! hehehehe same with the Heritage Foundation, Open Society Institute all the same lead the "Representatives" around by their member 's lobbying think tanks... Money, Money, Money!!!!!

      I will admit I was hopeful with the beginnings of the “Tea Party” but that as you know that was short lived, unless the Article V Constitutional Convention can really get a head of steam and we can turn this ship back towards “The Constitution” and “The Rule of Law” than maybe but I ain't holding my breath, I’m sorry but unfortunately I believe we are passed that point and I truly hope I'm wrong but we are currently on the path to fked and that’s not “doomer” talk it’s reality……….

      Just my thoughts for what it's worth...... :)

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  29. I'll give those who believe that the politicians are a waste of time.........and its within EACH AND EVERY ONE OF US......STOP supporting the big box corporate stores and go local for your consumer buys. This will become the real battleground for change. Its called starving the beast. Information/word of mouth/links/blogs informing the pleebs. Just 20% of the population informed destroys this ponzi. Inform your local politicians especially sheriffs of your concern and ask them what THEY are doing about it. I have given thousands to higher level politicians and will NEVER GIVE ANOTHER DIME. STARVE the BEAST. Each one of us can do it.

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    1. I believe it was Catherine Austin Fitts that advised working at your local level, especially the sheriff. Trying to influence government at the Federal & State level is a waste of time at this point. Improve the community around you--start there.

      Agree with avoiding the big corporate box stores too.

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    2. Yes she did and so have other "insiders"......they know the only avenue left is at the lowest level. I agree with thinkthenact it is your DUTY to pick a way to affect change. Being active in the two party system I firmly believe is a waste. "The lesser of two evils" is their greatest fraud.

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  30. taking miners to the woodshed and will retest gaps.........hehehheee....one day Hubz.......one day

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    1. It touched the gap from above damn near perfect, gotta keep trading it til it doesn't work :)

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  31. Even find a vulnerable or vacated seat and run for office yourself

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    1. You'd be surprised what districts can be up for grabs. Had a friend that is heavily involved in politics in my area and does consulting, asked me if I would be interested in running for what he thought was a district I lived in. Told him no way in hell, and like I said ended up not being a district I was eligible for anyway but he basically told me he could get me elected due to the seat being so vulnerable and probably nobody else with a brain was gunning for it and they didn't want the "other" party to get it :) heheheh what a game. I can't stand politics though and told him so. But maybe I am wrong and it's worth a shot at making a change instead of just sitting around and bitching.

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  32. Good points about the sheriffs, local business, local banks (although my local bank sold out to pinnacle in the past year after promising for years to always be local and never sell out). Definitely agree about avoiding large corporate stores (especially the political patsy front named starbuck's) Don't forget sheriff is an elected office.... Sheriff Tom? Sheriff Kli? I like it.

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    1. Yeah, remember when I was growing up and aware that the Sheriff kept crime under control (He ran it). No different than any political office - he stayed in office through passing out favors (knowing when to look the other way). Local, state, national politics is all about money and control....

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  33. Agree local is best. Also, starve the beast. Not much help, but I continue to write, write, write my politicians as I know if enough people do it they at least somewhat listen. Many people I know what to know why our government is doing this to us. I say, just look at the Fed Reserve and see what you come up with. :)....this has Never Occurred to them!

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  34. Kudos for writing in, Sister. Despite the opinions that we matter nothing and make no difference, overwhelming constituent feedback kept us out of Syria and humiliated O. Hate see our Pres look a weak fool, but that was a long ways from the first time (or last) and couldn't possibly happen to a more deserving individual. But do you think those letters put us on all the black lists? Is that why I never get a warning----always a damn ticket?

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