Jim Sinclair’s Commentary

So few can take over so many when their leader does exactly what the terrorist opposition wishes him/her to do. The wish is to transmute Musharraf's image internationally into that of a terrorist with Muslims fighting Muslims until the entire thing implodes.

I would imagine with the Pakistan constitution suspended there cannot be an election. However, in this situation election or not the downward spiral has started for control of a nuclear capable country with delivery systems.

In the geopolitical sense, Musharraf has fallen into a trap and put fire to the fuse that will in time blow him and Bhutto out of power.

This is only one of the ingredients of the Shock and Awe that the West is going to experience in a few years from now. The US dollar is really headed deeper and deeper into the tank. Gold is headed up, as the only honest money that will correctly reflect the gamut of events now only starting to take shape. By 2012 all of the bits and pieces will be assembled but you will have insulated yourselves by the simple directions I have given you.

Allow me to add that when your electronic financial organization assures you that they have no derivatives, no CDO and risk there from be sure to inquire if they own within their corporate family any banks or mortgage arms. Anticipate lawyer talk to keep the business. Learn from the recent British failure. Internet sites fail when demand overwhelms their servers. That leaves you holding the begging bowl.

Be careful even of those that speak our language. An Internet financial entity lives in cyberspace. Computer programs fail or the electric plug gets pulled and you are left down or out. There never are enough telephone employees to take all the incoming calls when the system fails. Even the good ones will suffer from this.

CNN this Sunday morning had a hint of what is to come on their special investigations reporting. The fact that CNN, media significantly influenced by the Authoritarian, aired this during prime time is quite amazing.

This is it! It will come in chapters with each chapter topping the previous. The next OTC derivative to melt is the Credit Default Derivative in which Merrill is a top player.

Pakistan under martial law

ISLAMABAD, Pakistan (CNN) -- Hours after declaring a state of emergency Saturday, Pakistani President Pervez Musharraf ordered troops to take a television station's equipment and put a popular opposition leader under house arrest.

Musharraf also suspended the constitution and dismissed the Pakistan Supreme Court's chief justice for the second time.
On Sunday, police arrested the Javed Hashmi, the acting president of ex-Prime Minister Nawaz Sharif's opposition party was arrested, along with 10 aides, The Associated Press reported. Hashimi was arrested when he stepped outside his house in the central city of Multan, AP reported.

The country is at a critical and dangerous juncture -- threatened by rising tensions and spreading terrorism, Musharraf said in a televised address to the nation after declaring martial law.

As Pakistani police patrolled the streets of the capital, Islamabad, Musharraf said his actions were "for the good of Pakistan."

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Jim Sinclair’s Commentary

North America is the greatest place of political risk to mining than anywhere else. If it isn’t a spotted owl or bog turtle it is gross operating revenue royalty so over the top that those who structured this bill have no clue.

It is better to be where government desires and invites you than where you are treated like this bill indicates, a pariah.

House Easily Passes Mining Royalty & Clean Up Bill
By Erica Werner
Associated Press
Thursday, November 1,2007

WASHINGTON -- Not long after the Gold Rush, Congress passed a law meant to settle the West by letting prospectors stake claims and mine gold, silver and other minerals for free. It's survived essentially unchanged for 135 years.

A bill passed by the House on Thursday would change that by forcing the hard-rock mining industry to pay royalties on minerals extracted from public lands. Coal mining and the oil and gas industries already pay such royalties.

The bill, which passed 244-166, also would put new environmental controls on hard-rock mining, set up a cleanup fund for abandoned mines and permanently ban cheap sales of public lands for mining.

Under current law, public lands can be sold for mining for as little as $2.50 an acre, although Congress has enacted annual prohibitions on that in recent years.

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