Non Socialist

 We would first like to quickly correct a small typo in our last alert. The third sentence in the eighth paragraph should have read, “It is amazing how absolutely nobody in the mainstream media is accusing Corzine of doing anything wrong, when $600 million in funds is still missing weeks after MF Global filed for bankruptcy.” We mistakenly used the word “excusing”, when we meant to say “accusing”.

 A major development took place today related to two of NIA’s stock suggestions, including our latest stock suggestion Mines Management Inc. (MGN).

 NIA’s previous stock suggestion Revett Minerals Inc. (RVM) today announced that it has received an affirmative decision from the United States Court of Appeals for the Ninth Circuit relating to the Endangered Species Act (ESA) appeal filed by the Rock Creek Alliance and other environmental groups. The Court affirmed “the Fish and Wildlife Service’s determination that the mine would entail “no adverse modification” to bull trout critical habitat and would result in “no jeopardy” to grizzly bears was not arbitrary, capricious, or in violation of the Endangered Species Act.”

NIA first suggested RVM on March 22nd, 2010, at $1.9975 per share. In our initial report about RVM, we told you in regards to their Rock Creek project that “if the judge issues a negative decision, we could see a short-term sell off in the stock.”

Just one week later on March 30th, 2010, RVM announced that “the Forest Service’s decision to approve the Rock Creek Mine Project is vacated, and the 2003 Record of Decision and 2001 Final Environmental Impact Statement are set aside and remanded to the Forest Service for further action consistent with the Court’s forthcoming opinion.”

On March 30th, 2010 after this negative news, RVM dipped to a low of $1.50 per share, but we told you “the odds are in RVM’s favor that the project will eventually proceed” and that RVM’s temporary decline in share price was a “blessing in disguise for NIA members.”

Today, after RVM’s very positive court ruling, which makes it likely that their Rock Creek project will proceed like NIA predicted, RVM gained 26% to $5.35 per share. RVM reached a high today of $5.90 for a gain of 195% from NIA’s suggestion price!

This news is also very significant for NIA’s brand new stock suggestion Mines Management Inc. (MGN). In fact, MGN started to rally after RVM’s announcement. MGN finished today up 11% to $2.13.

MGN’s Montanore Project is located right next to RVM’s Rock Creek project! If RVM is able to proceed with Rock Creek it makes it very likely that MGN will be able to proceed with their Montanore Project as well!

MGN’s Montanore Project has a resource base of more than 230 million ounces of silver and nearly 2 billion pounds of copper! MGN, to the best of our knowledge, has the lowest valuation per ounce out of all publicly traded silver exploration companies in the world today!

MGN has $21.98 million in cash and no debt. With only 28.74 million shares outstanding, MGN’s market cap at $2.13 is only $61.22 million. If you subtract MGN’s cash from its market cap, MGN has an enterprise value of only $39.24 million.

With an enterprise value of only $39.24 million and a resource base of 230 million ounces of silver, that equals a valuation of only $0.17 per ounce! Silver is currently $34 per ounce, meaning that MGN’s silver resource base is currently being valued at only 1/2 of 1% the price of silver! No other public silver company we are aware of has a silver resource valuation that is anywhere close to MGN’s low valuation!

RVM gained from our suggestion price of $1.9975 to a high today of $5.90 for a gain of 195% and we believe MGN has the potential to make similar gains from our recent suggestion price of $1.92!

NIA’s two most recent new stock suggestions before MGN were OPTT and MGP, and they made gains as high as 135% and 151% respectively from NIA’s suggestion prices. NIA will not be releasing any new stock suggestions until MGN rises to substantially higher levels.

NIA’s suggestion of MGN is completely unbiased. NIA does NOT own a stake in MGN. NIA is NOT being compensated in any way for its suggestion of MGN.

NIA is not an investment advisor. This email is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This email is meant for informational and educational purposes only and does not provide investment advice.

Additional legal disclaimer information: http://inflation.us/ legaldisclaimer.html

For Release: August 8, 2011
Contact: David Almasi at (202) 543-4110 x11 or (703) 568-4727 or dalmasi@nationalcenter.org
or Judy Kent at (703) 759-7476 or jkent@nationalcenter.org

Washington, D.C. - Black activists with the Project 21 black leadership network are are the rebutting assertions made by rabid supporters of President Barack Obama that the recent downgrade of the nation’s credit rating is the fault of the tea party movement.

“Our country is at a crossroads, and I’m proud to stand with patriotic tea party activists who are concerned about the future of our nation,” said Project 21 fellow Deneen Borelli, a frequent speaker at tea party events across the country. “The tea party movement burst on the national scene as a spontaneous reaction to government gone wild — outrageous spending, growing deficit and exploding debt. Since its inception, the tea party movement has been a positive force for reducing the size and scope of government.”

In the wake of Standard and Poor’s downgrade of America’s credit rating from AAA to AA+ — a historic first downgrade of its kind in American history — defenders of the Obama Administration are seeking to pin the blame on tea party activists for holding politicians’ feet to the fire against excessive spending. Such pressure helped force a compromise by the White House in the recent elevation of the nation’s allowable debt ceiling.

“The credit downgrade is just another example of this president and his administration’s failure to lead,” said Project 21 spokesman Cherylyn Harley LeBon (LeBon will be guest-hosting the syndicated G. Gordon Liddy show on August 9). “One can hardly point to the tea party for the credit downgrade. The debt problem could have been addressed when it arose in the fall of 2010 when the liberals still had a majority in Congress. Instead, Obama took a pass — as he has done with so many issues — and lays blame with others.”

Senator John Kerry (D-MA), Obama campaign operative David Axelrod and Fox News commentator Jehmu Greene, among others, call the nation’s lowered credit rating “the tea party downgrade.” Former presidential candidate and ex-Democratic National Committee Chairman Howard Dean claimed “right-wing splinter groups” kept Republican lawmakers from offering a debt compromise more to the White House’s liking that Dean implies would have averted a downgrade. On “Fox News Sunday,” however, David Beers, the head of Standard and Poor’s government debt-rating unit, said: “[T]his is not really about either political party… [T]he underlying debt burden of the U.S. government is rising and will continue to do so…”

Tea party activists — represented by many different groups and affiliated with no political party — have been almost uniformly consistent in calling for less government spending and not raising the debt ceiling without significant spending cuts and a framework to cap and control future spending. Obama, who has not offered a comprehensive plan for easing debt or controlling spending, said in his August 8 statement on the downgrade: “No matter what the credit agencies say, we will always be a AAA country.”

“The credit downgrade is a consequence forced upon the American people by a president who has consistently demonstrated no regard to the fact the Constitution grants no right to Congress to subsidize private interests,” said Project 21 spokesman Stacy Swimp, a tea party organizer in Michigan. “Corporate welfare, record spending and contempt towards the Constitution from liberals created the condition which ultimately has led to the downgrade. Tea party activists have consistently and correctly condemned the aforementioned fiscal irresponsibility.”

Project 21, a leading voice of black conservatives since 1992, is sponsored by the National Center for Public Policy Research (http://www.nationalcenter.org).

August 3, 2011· Vol. 6, No.31

by Newt Gingrich

I was struck by two conversations I had in Iowa on Saturday.

At the Mitchell County Fair a farmer told me about the dramatic increase in corn production per acre over the past few decades. In his lifetime science has increased the yield from 73 bushels per acre in 1970 to 162 bushels per acre in 2009.

The same day, a county commissioner in Decorah, Winneshiek County told me the sheer weight of the corn harvests have been beating up the roads and bridges. He was faced with a crisis because the cost of building roads and repairing or building bridges had gone up dramatically (and even had doubled in some cases).

The county commissioner said two major roadblocks to improving the infrastructure are the huge layers of state and federal red tape and the failure to develop new productivity-increasing, cost saving materials and techniques. We still build most roads and bridges the same way we have for decades.

Here was a contrast between scientific progress raising productivity and the standard of living while bureaucracy and red tape raised costs and drove down the standard of living.

This contrast between scientific progress and government failure led me to reflect on the implementation phase of the new debt ceiling deal.

The lesson is that this can’t be just more of the current incompetent, inefficient, and job destroying bureaucracy.

There are three questions Washington offices should ask every morning for the next six months as they work to implement the debt ceiling agreement:

First: Will this change increase jobs or kill jobs?

We are in danger of an even deeper depression with even greater unemployment. As I wrote recently, we face the possibility of 10 percent of Americans officially unemployed, with a full 20 percent unemployed, underemployed or no longer looking for work.

There are clear steps Washington can take to stop killing jobs. Repealing the destructive Dodd-Frank and Sarbanes Oxley Acts, creating a 21st century Food and Drug Administration,  replacing the EPA with an Environmental Solutions Agency, and launching an American energy plan are all vital steps to creating jobs and increasing revenues through economic growth. Historically a growing, larger economy has been the most powerful method for reducing the debt-to-GDP ratio. The first question in Washington every day should be what to do to create jobs.

Second: How can government be more effective as well as more efficient?

Strong America Now, led by Mike George, argues that applying the Lean Six Sigma method for dramatic cost cutting could yield $500 billion in savings a year.

That would be the biggest reform to bureaucracy since the civil service movement of the 1880s.

We don’t just want less of a failing, inefficient bureaucracy riddled with corruption and waste.

We want a smaller but much more modern and effective system.

Companies today survive in the world market through a relentless focus on being more productive and more innovative. That is the opposite of the spirit of our federal bureaucracies. Washington must ask what it is doing to create an agile, honest, and accountable system.

Third: What do we need to do to keep America safe?

Our competitors and our enemies will not wait for us to sort out our fiscal problems.

The Chinese work every day to modernize their economy and their military. Our enemies among radical Islamists work every day to acquire dangerous weapons and other methods of defeating us. The Mexican drug cartel and its war inside Mexico remains a serious threat along our border.

Our leaders have to think through new strategies for ensuring our safety.

The most expensive defense is the one that fails. There is a grave danger that we will come out of the fiscal exercise with a dramatic increase in our vulnerability to our enemies. Washington must ask with every decision whether it is making America safer or more vulnerable.

These three questions could turn the next six months into one of the most creative periods in American history. By January 2012, America could be on a path to a better economy, more jobs, and a better, more effective and smaller government and a safer future.

Or, mindless cuts could leave us even deeper in depression with even more inefficient bureaucracy and growing vulnerability to threats from our opponents.

America’s future depends on getting Washington to take these questions seriously.

Your Friend,

Newt

P.S. Look who stopped by our office last week. We think you’ll be seeing more of Ellis soon!

Greetings!

Gabrielle Giffords has reached page 1 of her Liberal Attack Manual, scare seniors about Social Security.

Here is the truth: Jesse Kelly wants to protect Social Security for current retirees. We will fully honor our commitments for those now receiving benefits. Those who have been paying into the system should also receive their full benefits.
Jesse will protect current retirees while giving
future generations ownership of their retirement accounts.
We need a long-term solution that ensures funds paid into the system will be there when people retire. Younger workers should have the choice of allocating a portion of their contribution into a personal retirement account in their name. Individuals could choose from a range of appropriate retirement options: a blend of guaranteed savings accounts, investment grade bonds, and blue chip equities. Americans should have the same options that Giffords, as a member of Congress, has through the Federal Thrift Savings Plan.

Representative Giffords has no plan to deal with the long-term challenges facing our current retirement system. Giffords’ failure to take action is pushing the Social Security program closer to collapse. We must not allow Giffords to bankrupt the system. Southern Arizona deserves a representative who is willing to take on tough issues and find good solutions. Jesse Kelly is that person.

Fundraiser with Congressman Kevin McCarthy (CA 22). Join the campaign for a special event with Congressman McCarthy this Thursday afternoon, September 2nd. Please contact Stuart McDaniel at (520) 349-5600 or stuart.mcdaniel@votejessekelly.com to RSVP or to get more details. Congressman McCarthy serves as the Chief Deputy Whip and is a Vice-Chairman of the National Republican Congressional Committee (NRCC).

Early Ballots: There will be several lengthy propositions on the General Election ballot. Voting early allows you to read over these ballot measures at home and make an informed decision. Please contact your county recorder to request an early ballot:

Cochise County, (520) 432-8354 or (520) 432-8358

Pima County, (520) 740-4330

Pinal County, (520) 509-3555 or (888) 431-1311

Santa Cruz County, (520) 375-7990

Thank you for your support. You are an important part of Victory this November.

401(k) withdrawals spike.

NEW YORK (CNNMoney.com) — Hardship withdrawals from 401(k) retirement saving plans rose to the highest level in 10 years during the second quarter, Fidelity Investments said on Friday, in the latest sign of a dismal economy.

Fidelity reported that, as of the second quarter, 2.2% of all 401(k) participants had made a hardship withdrawal at some point over the preceding 12 months. That’s up from 2% in the prior year, and was the highest level in 10 years.

American Thinker: No One’s Capital Is Safe in Obama’s America.

Posted on Thursday, July 01, 2010 6:59:52 AM by SeekAndFind

The Prague Post – Opinion – Growing optimism.

The landslide victory of Fidesz in Hungary’s elections creates excitement for the first time in years; too bad most international analysts are easily distracted

Despite the skeptical and in some cases hostile reaction by most of the international media toward the recent political changes in Hungary, most Hungarians are optimistic and content. After years of the “doing nothing” policy of the Socialist party – during which the country sank into deep economic and moral morass – it is finally over. <snip>

For the first time in a long time, things are looking up – not that the international press seems to have noticed.

- The author is the online editor for the Hungarian weekly magazine HVG. He was formerly editor of the World Bank’s Transitions newsletter and a John S. Knight Fellow at Stanford University. 

Richard Hirschler can be reached at
features@praguepost.com