This “Military” submarine that Iran is showing is a real side buster….it appears to be around 60 feet in length, a real lousy choice of color to hide it in the water and if you compare it to our Military subs then this is the size of a mid sized “research” sub…ours are two football fields in length..over 600 feet….I am sure our aircraft carrier and destroyer Captains are shaking in the boots…from laughter…
Monthly Archives: November 2012
Spanish cultural officials allowed a first peek Friday at some of the 16 tons (14.5 metric tons) of shipwreck treasure worth an estimated $500 million that a U.S. salvage company gave up this year after a five-year ownership dispute.
Only a tiny portion of the haul from the Nuestra Senora de las Mercedes, a galleon that sank off Portugal’s Atlantic coast near the straits of Gibraltar in 1804, was shown to the media: 12 individual silver coins, a block of encrusted silver coins stuck together after centuries underwater, two gold tobacco boxes and a bronze pulley.
Authorities who have been inventorying the treasure since it was flown from Florida to Spain in February said it will be transferred later this year from Madrid to the National Museum of Underwater Archaeology in the Mediterranean city of Cartagena. Displays are expected to start next year, with some items put on rotating temporary displays at museums across the country.
Though previous estimates have put the value of the treasure at $500 million, Spanish officials said they weren’t trying to determine an amount because the haul is part of the nation’s cultural heritage and can never be sold under Spanish law.
“It’s invaluable,” said Elisa de Cabo, the Culture Ministry’s deputy director of national heritage. “How would you put a price on the Mona Lisa?”
Spain took possession of the treasure after courts rejected arguments that Florida-based Odyssey Marine Exploration was entitled to all or most of the treasure. De Cabo said Spanish authorities are still trying to convince a judge in Tampa that the American company should also be forced to pay Spain’s legal costs.
Officials said Friday that the weight of the treasure was not the 17 tons reported during the legal fight because that included a ton of sea water used to help preserve many of the silver coins in storage containers.
The inventory counted 574,553 silver coins and 212 gold coins.
Odyssey had argued that the wreck was never positively identified as the Mercedes. And if it was that vessel, the company contended, then the ship was on a commercial trade trip — not a sovereign mission — at the time it sank, meaning Spain would have no firm claim to the cargo. International treaties generally hold that warships sunk in battle are protected from treasure seekers.
Odyssey lost every round in federal courts as the Spanish government painted the company as modern-day pirates. The company has said in earnings statements that it has spent $2.6 million salvaging, transporting, storing and conserving the treasure.
The metals were mined and the coins minted in the Andes, from places that are now in Bolivia, Chile and Peru.
Spain overcame a last-minute effort by the Peruvian government to block the transfer of the treasure back to Spain. Peru did not gain its independence until 1824, but the country’s lawyers argued it was more than a simple colony at the time because it was the local seat of the Spanish crown when the ship sank.
Spain’s Queen Sofia promised in a visit to Bolivia several months ago that some of the treasure would be loaned to the country for display in museums.
Armed men dressed as police boarded a fishing boat Friday in Curacao and stole about 70 gold bars worth an estimated $11.5 million, police in the southern Caribbean island said.
The boat’s captain was struck in the head in the early-morning assault before the thieves made off with the gold in three cars, police spokesman Reggie Huggins said. Authorities believe there were six men involved in the heist. No suspects are in custody.
The captain and three crew members were from the South American country of Guyana, he said.
Huggins declined to say who owned the boat or to provide any details about the possible source of the gold.
The boat, by its appearance, would seem an unlikely place to stash that amount of gold. The “Summer Bliss” is a fishing boat with rust streaks on its white cabin and no visible security.
A crew member who gave his name as Raymond Emmanuel told The Associated Press that they left Guyana four days ago and arrived early Friday in Curacao. He said they were delivering the gold to a company in Curacao but said he did not know the name of the business. He referred questions about the source of the gold to the captain, who was meeting with authorities on the Dutch Caribbean island and not immediately available.
Emmanuel said the gold was locked away when the thieves boarded the vessel. “They took everything,” he said.
The crew member said neither he nor anyone else on the vessel was armed. “This is normal,” he said. “We never carry arms. Since I started working here, I’ve transported gold once before, and this is the system.”
Colin Sparman, executive secretary of the Guyana Gold and Diamond Miners Association, said legal shipments are typically made by air under heavy security. But gold smuggling is common to avoid taxes and royalty payments on the precious metal.
Curacao, just north of Venezuela, is primarily known as tourist destination, particularly for divers, but it is also an offshore financial center, particularly for people from South America.
Books 1 and 2 are interesting, fun and thought provoking…try them today
For my December Book promotion if you buy either of my books entitled American Rebellion Book 1 of the Revolution or American Rebellion Book 2 of the revolution available at amazon.com or at the links to the left of this blog post you will receive the following bonus items.
1 – My eternal gratitude.
2 – Even more of my eternal gratitude.
3 – Still more of my eternal gratitude.
I am working on the third book in the series so feel free to purchase books 1 and 2.
Okay, enough shameless pandering on my behalf lol 🙂
It is very simple……House Republicans alone have it in their power to kill Obamacare, cut $1 trillion in borrowing and spending and start the nation’s return to constitutionally limited government with one vote.
That vote is a rejection of raising the debt limit – thereby denying Obama the funds he needs for Obamacare and “a thousand other programs that are wasteful, unconstitutional, immoral and about to take the country off the fiscal cliff.”
Americans need to rise up in big numbers and demand it of them,” “Republicans have it in their power. They only need an injection of courage.”
Want to own your very own Batmobile? The original car from the “Batman” television series is going up for auction and is expected to fetch a seven-figure sum, auctioneers Barrett-Jackson said on Thursday.
The two-seater car was featured in the live-action “Batman” show starring Adam West that aired from 1966 to 1968.
“The Batmobile is true Americana and it’s hard to put a dollar figure on something like that,” Craig Jackson, chairman and CEO of automobile auction house Barrett-Jackson, said in a statement.
“We expect plenty of enthusiasts and fans to come out and wouldn’t be surprised if the car sold for multiple millions.”
The 1955 Lincoln Futura, of which only one was made, was a hand-built concept car developed by the Ford Motor Co. featuring a bubble top. It was bought in 1965 for $1 by owner George Barris, who customized the 19-foot (5.8-meter) car for the television series.
The one-off Futura symbolized space-age design of the 1950s with a push-button transmission and exterior microphones that piped in the sounds of traffic to its occupants.
The car will be auctioned on January 19 in Scottsdale, Arizona, along with Clark Gable’s personal 1955 Mercedes-Benz 300SL Gullwing Coupe sportscar.
It is not uncommon for notable cars in entertainment history to be sold for large sums at auction. The 1964 Aston Martin DB5 used in the James Bond films “Goldfinger” in 1964 and the following year’s “Thunderball,” fetched $4.6 million at auction in 2010.
American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.
Vending machine operators have long championed the use of $1 coins because they don’t jam the machines, cutting down on repair costs and lost sales. But most people don’t seem to like carrying them. In the past five years, the U.S. Mint has produced 2.4 billion Presidential $1 coins. Most are stored by the Federal Reserve, and production was suspended about a year ago.
The latest projection from the Government Accountability Office on the potential savings from switching to dollar coins entirely comes as lawmakers begin exploring new ways for the government to save money by changing the money itself.
The Mint is preparing a report for Congress showing how changes in the metal content of coins could save money.
The last time the government made major metallurgical changes in U.S. coins was nearly 50 years ago when Congress directed the Mint to remove silver from dimes and quarters and to reduce its content in half dollar coins. Now, Congress is looking at new changes in response to rising prices for copper and nickel.
At a House subcommittee hearing Thursday, the focus was on two approaches:
—Moving to less expensive combinations of metals like steel, aluminum and zinc.
—Gradually taking dollar bills out the economy and replacing them with coins.
The GAO’s Lorelei St. James told the House Financial Services panel it would take several years for the benefits of switching from paper bills to dollar coins to catch up with the cost of making the change. Equipment would have to be bought or overhauled and more coins would have to be produced upfront to replace bills as they are taken out of circulation.
But over the years, the savings would begin to accrue, she said, largely because a $1 coin could stay in circulation for 30 years while paper bills have to be replaced every four or five years on average.
“We continue to believe that replacing the note with a coin is likely to provide a financial benefit to the government,” said St. James, who added that such a change would work only if the note was completely eliminated and the public educated about the benefits of the switch.
Even the $1 coin’s most ardent supporters recognize that they haven’t been popular. Philip Diehl, former director of the Mint, said there was a huge demand for the Sacagawea dollar coin when production began in 2001, but as time wore on, people stayed with what they knew best.
“We’ve never bitten the bullet to remove the $1 bill as every other Western economy has done,” Diehl said. “If you did, it would have the same success the Canadians have had.”
Beverly Lepine, chief operating officer of the Royal Canadian Mint, said her country loves its “Loonie,” the nickname for the $1 coin that includes an image of a loon on the back. The switch went over so well that the country also went to a $2 coin called the “Toonie.”
Rep. Bill Huizenga, R-Mich., affirmed that Canadians have embraced their dollar coins. “I don’t know anyone who would go back to the $1 and $2 bills,” he said.
That sentiment was not shared by some of his fellow subcommittee members when it comes to the U.S. version.
Rep. Lacy Clay, D-Mo., said men don’t like carrying a bunch of coins around in their pocket or in their suits. And Rep. Carolyn Maloney, D-N.Y., said the $1 coins have proved too hard to distinguish from quarters.
“If the people don’t want it and they don’t want to use it,” she said, “why in the world are we even talking about changing it?”
“It’s really a matter of just getting used to it,” said Diehl, the former Mint director.
Several lawmakers were more intrigued with the idea of using different metal combinations in producing coins.
Rep. Steve Stivers, R-Ohio, said a penny costs more than 2 cents to make and a nickel costs more than 11 cents to make. Moving to multiplated steel for coins would save the government nearly $200 million a year, he said.
The Mint’s report, which is due in mid-December, will detail the results of nearly 18 months of work exploring a variety of new metal compositions and evaluating test coins for attributes as hardness, resistance to wear, availability of raw materials and costs.
Richard Peterson, the Mint’s acting director, declined to give lawmakers a summary of what will be in the report, but he said “several promising alternatives” were found.
Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public.
Treasury Secretary Timothy Geithner shuttled among congressional leaders yesterday with a plan to trade $1.6 trillion in tax increases for $400 billion in unspecified entitlement program cuts, Republican congressional aides said.
Republicans complained that the offer was little more than a rehash of old budget proposals, setting the stage for more contentious negotiations over the next several weeks as the year-end deadline approaches for more than $600 billion in spending cuts and tax increases to kick in.
“If the president is going to lead on this critical issue, he has to propose a plan that can actually pass,” said Republican Senator Roy Blunt of Missouri. “This is simply not a serious proposal.”
Geithner’s offer, as described by two Republican aides, is based on Obama’s fiscal 2013 budget and his 2011 proposal to the deficit-cutting supercommittee, which last year didn’t come up with a plan all sides could accept.
It would raise taxes for top earners by $1.6 trillion over the next decade with higher rates on income, capital gains, dividends and estates, along with limits on tax breaks. It would call for about $400 billion in cuts to entitlement programs, which Republicans have deemed insufficient.
The plan would either extend or replace a payroll tax cut that is set to expire at the end of the year, according to the Republican aides. It would protect millions more people from having to pay the alternative-minimum tax and defer by a year the federal spending cuts set to start taking effect in January.