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

GOP took Project Gunrunner investigation to Phoenix last week
Top GOP oversight officials say they took their investigation of the Justice Department’s “Project Gunrunner” – in which military-grade weapons were permitted to be smuggled into Mexico – to the Phoenix, Arizona last week and that transcribed interviews with key officials there contradict the agency’s official story.
Read More

By Jerry Seper

2:54 p.m., Friday, October 15, 2010

Drug smuggling gangs in Mexico have sent well-armed assassins, or “sicarios,” into Arizona to locate and kill bandits who are ambushing and stealing loads of cocaine, marijuana and heroin headed to buyers in the United States, the Department of Homeland Security has warned Arizona law enforcement authorities.

In a memo sent in May and widely circulated since, the department said: “We just received information from a proven credible confidential source who reported that a meeting was held in Puerto Penasco in which every smuggling organization who utilizes the Vekol Valley was told to attend. This included rival groups within the Guzman cartel.”

Joaquín Archivaldo Guzman Loera heads what formally is known as the Sinaloa Cartel, which smuggles multi-ton loads of cocaine from Colombia through Mexico to the United States. One of the most powerful and dangerous drug gangs in Mexico, it also is known as the Guzman cartel, which has been tied to the production, smuggling and distribution of Mexican marijuana and heroin and has established transshipment outlets in the United States.

The Vekol Valley is a widely-traveled drug smuggling corridor running across Interstate 8 between the Arizona towns of Casa Grande and Gila Bend, continuing north towards Phoenix. It gives drug smugglers the option of shipping their goods to California or to major cities both north and east.

The Homeland Security memo said a group of “15, very well equipped and armed sicarios complete with bullet proof vests” had been sent into the valley. It said the assassins would be disguised as “groups of ‘simulated backpackers’ carrying empty boxes covered with burlap into the Vekol Valley to draw out the bandits.” Once identified, the memo said, “the sicarios will take out the bandits.”

Read More

From azstarnet.com:

U.S. Border Patrol agents discovered a drug smuggling tunnel that ran from Mexico into the city of Nogales.

Border Patrol spokesman David Jimarez says the tunnel that was discovered on Thursday morning was located one-tenth of a mile from a port of entry. Read more here.

FOR IMMEDIATE RELEASE 
MONDAY, JUNE 28
NEWS RELEASE

Phoenix, AZ (JUNE 28) - U.S. Senate Candidate J.D. Hayworth (R-AZ) today released three videos on his website debunking charges made by Sen. John McCain this month.

“The Senator has spent most of this month and untold millions of dollars on television, radio and direct mail attacking me,” Hayworth said. “I thought it was about time his double talk was replaced by my straight talk.”

McCain, whose top political advisors are high-paid Washington, D.C., lobbyists, has attacked Hayworth for his one-time work for a friend who needed help with a problem in Congress.

McCain, who voted for $150 billion in earmarks last year, has criticized Hayworth for supporting projects that benefited Arizona.

McCain, who has taken more than $11,000 in political contributions from a shady businessman, has criticized Hayworth for a 30 minute video presentation he did for the same company and for which Hayworth has apologized.

“I hope voters will take the time to hear the truth directly from me by going to www.jdforsenate.com and not rely on the lies behind the slick, misleading campaign ads of Sen. McCain,” Hayworth said.

For more information, please visit http://www.JDforSenate.com or email info@jdforsenate.com.

The federal government is now telling American citizens to stay out of three southern Arizona counties. It is too dangerous because of armed smugglers from Mexico.

Pinal County Sheriff Paul Babeu: Quite frankly I’m telling you as a sheriff that we don’t control that part of the county. My county is larger than the state of Connecticut and we need support from the federal government. It’s their job to secure the border and they haven’t done it. In fact President Obama suspended the construction of the fence.

FOX News reporter: Would you like to see some of the president’s outrage about the oil spill and some of the butt-kicking that he’s talked about doing applied there on the border as well?

Sheriff Paul Babeu: Even with that, you say one thing and then you’re out at a fundraiser in California and you don’t go to the funeral of the people who died in the explosion. You know its one thing to say something slick on television in a ten second soundbite but we need action. And, it’s shameful that we as the most powerful nation on earth can win wars and liberate countries throughout history yet we can’t even secure our own border

http://www.thefoxnation.com/gulf-coast-oil-spill/2010/06/15/obama-gives-back-major-strip-az-mexico

By Donald A. Collins

June 06, 2009

Did you happen to catch Governor Terminator talking about Judgement Day in California? Mr. Schwarzenegger went on the tube this past week to tell us that “We can only spend what we have. That is the harsh but simple reality,” he said in the rare midyear appearance before a joint Legislature session. “Our wallet is empty, our bank is closed and our credit is dried up.”[Schwarzenegger sees opportunity in budget crisis, By Juliet Williams, Associated Press, June 2, 2009,]

Earlier talk of a Federal bailout was judged a poor idea by many, including the Washington Post in a May 24 editorial, just as General Motors went into bankruptcy with billions of our tax dollars as an inducement.

And just now, in responding to the Governor’s urgent message for cutting costs, the California Senate passed a bill to give driver’s licences to illegal aliens.

As if losing an average of almost 600,000 jobs a month in the US should mean we make it easier for the illegal aliens to stay here and to get to jobs American citizens don’t have.

 But then, of course, our helpful Federal government is bowing to strong business pressure and allowing over 100,000 legal aliens a month to come here to the US on various brands of work visas.

How many to California? Well here’s a bit of basic demography.

Since the 1965 changes in our immigration laws, we have added huge numbers of immigrants and their children to our national population. In 1970 California’s population was about 20 million. Today, that population is estimated at about 37 million. Of those, the Center for Immigration Studies estimates about 10 million are legal (7 million) and illegal (3 million) immigrants. 35% of all Californians are persons of Hispanic origin, principally Mexicans. Over 8 million Californians were born outside the USA.

Just on the sheer numbers alone, it is not hard to see why California is now bankrupt.

I am a long-time San Francisco Democrat, now transplanted to Washington D.C. So recently I wrote Congresswoman Nancy Pelosi to ask why we didn’t fix our broken immigration system. This was her June 5, 2009 email reply?

“I have long called for comprehensive immigration reform to address the growing disconnect between our nation’s immigration policy and the reality on the ground in cities and communities across our country. Our immigration system needs to honor the promise of America and recognize the enormous contributions immigrants make to our nation. We must enact immigration reform that is humane and honors our American tradition of being a nation of immigrants and a land of opportunity for all. At the same time, we must secure our borders, enforce our laws, and ensure the safety of the American people.

While immigration reform remains an unsolved challenge for our nation, we must recognize that America was built by immigrants, and the immigrant community continues to make significant contributions to our nation. The debate on immigration reform must be framed by our nation’s rich tradition of respect for our shared immigrant heritage. Please be assured that I will keep your comments in mind as I work with President Obama, leadership and the committees of jurisdiction to develop a strategy to advance immigration legislation that promotes our core American values.”

Can you imagine such chutzpah? You know her “comprehensive immigration reform” simply means “amnesty” for the 20 million illegal aliens here now and encouraging many more later. We know the fiasco that the 1986 immigration reform legislation proved to be.

And believe me House Speaker Pelosi is not alone. Senator Charles Schumer (D-NY) recently held very unbalanced hearings on “comprehensive immigration reform” which failed to give time to those opposed to the massive giveaway of American citizenships.

But it really gets much worse if one is trying to calculate the fiscal effect on California–and project what this means for America.

Folks, California is the biggest example of the famous canary in the coal mine theory ever. Remember, until 1986 in the U.K., canaries were regularly used in coal mines as an early warning system. The birds died in the presence of toxic gases. Because canaries tend to sing much of the time, they provided both a visual and audible cue.

California is certainly getting toxic budgetary news. It is killing the economy and all that this once-vaunted state had to offer in the way of education and environment, making it the envy of the world. The decline I have personally observed is obvious to so many I talk to, yet this fiscal death notice to California which has counterparts in other states, does not seem to worry other Americans—yet.

Fortunately, thanks to a careful and exhaustive research report by Steve Camarota, Director of Research at the Center for Immigration  Studies, entitled “Immigrants in the United States, 2007: A profile of America’s Foreign-Born Population” we learn that:

“Of adult immigrants, 31 percent have not completed high school, compared to 8 percent of natives. Since 2000, immigration increased the number of workers without a high school diploma by 14 percent, and all other workers by 3 percent.

“The proportion of immigrant-headed households using at least one major welfare program is 33 percent, compared to 19 percent for native households.

“The poverty rate for immigrants and their U.S.-born children (under 18) is 17 percent, nearly 50 percent higher than the rate for natives and their children.

“34 percent of immigrants lack health insurance, compared to 13 percent of natives. Immigrants and their U.S.-born children account for 71 percent of the increase in the uninsured since 1989.”

All this means more public costs, more demands on government resources.

How long will this madness continue? California Governor Pete Wilson tried long ago to get help from our Federal Government, but those elected officials knew better than to try to buck the industrial-military complex that now rules our former Republic. Those worthies (notice in what high regard our Congress is rated in the polls) handle immigration like a political popularity contest where the more cheap labor you support importing, the more money flows to re-elect you from the coffers of business.

Result: Just take a look at the bloated California budget. And then we learn that the City of Oakland, California will be soon joining San Francisco in giving all residents including illegal aliens ID cards. That can only serve to add to that city’s nearly $100 million deficit, as public services will now flow to illegal aliens and their anchor babies.

Of course the California voters don’t want to pay to fix this mess. In the May special election, voters rejected all five budget-related measures placed on the ballot by Schwarzenegger and legislative leaders. Revenue has continued to plummet as residents have reduced spending and unemployment has soared to 11 percent.

I predict that as matters get worse—and they surely will–Californians and all Americans will finally wake up to the fact that unchecked immigration, wanton use of the public trough and loss of expected public services will cause a revolt by voters.

But for now too many are sitting on their hands, fat, dumb and perhaps apprehensive but unwilling to take part in the political rough and tumble. Sad that corrective action will likely not happen before devastation to our culture, our traditions, our comity and the prosperity we have enjoyed.

California has had many recent internal signs of overuse and unsustainability. For example, the fish resources of the state have precipitously declined and the commercial salmon fishing season is now closed, while when reasonable new regulations to save the salmon have been proposed, Terminator Schwarzenegger has sided with the farmers who keep degrading the free water they abuse, so that renewal of this great resource is imperilled.

California is the Big Canary. It’s dying—and Americans had better take notice.

Donald A. Collins [email him] is a freelance writer living in Washington DC, and is Co-Chair of the Federation for American Immigration Reform’s (FAIR) National Advisory Board. His view are his own.

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