Commentary - 08/10/2006

Today's Devouring
NovaGold Resources Inc. vs Barrick Gold Corp.

Today's example of the Money Kings' devouring is currently a legitimate, thriving mining corporation. The largest gold company in the world, Barrick Gold Corp., has made a hostile takeover bid for NovaGold Resources Inc. It would truly be in NovaGold's interest to remain independent and to continue to capitalize on its successful business of mining metals. It has successfully managed to stay unhedged, and in today's economic environment, that's the right thing to do.

However, these companies and those like them want it all. That is what I mean when I say "Snakes in Suits," as sociopaths never, ever, have enough. Even when they own the whole world, they will quote Cecil Rhodes and say "It is a pity that we cannot annex the stars."

But if they had a conscience, then they would quote Matthew 16:26 : "What good will it be for a man if he gains the whole world, yet forfeits his soul?" Because they don't have a conscience, I'm sure they could care less.

Here's a quote from the Great Red Dragon: "Woe to the men who are operating in a line of business which these Money Kings desire to monopolize: they at once envelop the feeble rivals in the folds of their capital, and crush and devour them. They now have sufficient capital to seize upon and monopolize all the business of the earth. And they are rapidly doing it. "

You need to remember that to control any large corporation, you only need 10 to 20%. The rest of the shares are usually so dispersed that the corporation can be easily manipulated. By controlling other investment groups, using the same principle, control of our US corporations can rapidly be narrowed down to a small group.

The other problem for the smaller shareholders is that they are easily whip-sawed. Only the controlling mob knows what's really going on, when they sell, when they buy. That's how the minor shareholders get robbed. Nothing makes sense because of the manipulation. Doesn't matter whether it's good news or bad, it only depends on when the controlling group sells or buys.

I think it matters little WHO the actual players are of this small group, since there's always someone waiting to take their place when possible. Gee, talk about having to look over your shoulder, and all the time, too. Their own hell, if you will. I wouldn't trade places for a moment. I'm happy to be the nobody. Very few care where I go, what I do, how I dress or where I eat, and those few are the only ones I care about, anyway.

The reason I bother with this rant is that corporate lying, stealing and murdering directly affects me, my family, my relatives, my neighbors and my country. Instead of our country getting better over the last 40 years, it's gotten progressively worse. If we can identify the "snakes in suits," then we can avoid doing business with them. This will help us to avoid the quicksand, and gives us a chance to get our own lives and country back under our own control.

Okay, enough ranting. Here's the data. Decide for yourself!


BARRICK GOLD CORP. (ABX)
CAPITAL RESEARCH AND MANAGEMENT COMPANY
CAPITAL GUARDIAN TRUST COMPANY
NWQ INVESTMENT MANAGEMENT COMPANY, LLC
Barclays Global Investors UK Holdings Ltd
LORD ABBETT & CO
MERRILL LYNCH INVESTMENT MANAGERS GROUP LTD
12.63%
2.20% (Total of 14.83%)
7.38%
3.47%
2.79%
1.87%

Interesting side notes: Lord Abbet & Co. is linked to the Bush family via "Uncle Bucky" Bush. The uncle of our president is on the board of directors. Little else is known of the private company other than it is the 10th largest shareholder in Halliburton. "Uncle Bucky" is also a director of Wellpoint, which just happens to be the US's largest health insurer. And guess who owns them.

March 2, 2005 - It's a Family Affair - Uncle Bucky Makes a Killing By JEFFREY ST. CLAIR
Visit here, too.

NOVAGOLD RESOURCES INC. (NG)
NEUBERGER BERMAN, LLC
NEUBERGER & BERMAN GENESIS FUND
11.03%
4.89% Total of 15.92%

Its largest holders include Lehman Brothers Company, [LEH], whose largest holders are:
Legg Mason, Inc., [whose largest holders are AXA and Barclays.]
Barclays Global Investors UK Holdings Ltd
State Street Corporation

ROYCE & ASSOCIATES, INC.
ROYCE LOWER PRICED STOCK FUND
ROYCE MICRO-CAP FUND
ROYCE VALUE PLUS FUND
3.09%
1.28%
0.75%
0.61% Total of 5.73%

Affiliate of Legg Mason, Inc., whose largest holders are AXA and Barclays.

SPROTT ASSET MANAGEMENT INC.4.65%

Founded in August 2000, Sprott Asset Management Inc.
(SAM) is a private independent fund company, owned by its employees.

SNYDER CAPITAL MANAGEMENT, LP3.78%

Subsidiary of IXIS Asset Management Advisors Group, or IXIS Advisor Funds.
IXIS is owned by two French companies, Group Caisse d' Espargne and Caisse des Depots.
Groupe Caisse d' Espargne is owned by the French Government.
Caisse de Depots is also owned by the French Government.

NWQ INVESTMENT MANAGEMENT COMPANY, LLC
NUVEEN NWQ MULTI-CAP VALUE FUND
3.04%
0.53% Total of 3.57%

Now owned by Nuveen Investments. Three of Nuveen's top twelve investors are T.Rowe Price which is Barclays, Goldman Sachs which is Barclays and Barclays itself. The combined assets of these three make for outright control and then some of NWQ.

WELLS FARGO & COMPANY
Wells Fargo Advantage Small Company Growth Fd
2.61%
0.53% Total of 3.14%

Its largest holders include Capital Research and Management, Barclays, and State Street[STT]. State Street's largest holders include T. Rowe Price Associates, Capital Research and Management and Barclays. Largest holder of T. Rowe Price is Barclays, too.
BLACKROCK INC.
Blackrock Funds-Global Resources Portfolio
1.81%
0.78%

Its largest holder is Merrill Lynch [MER], whose largest holders are:
State Street Corporation (see Wells Fargo & Company)
Barclays Global Investors UK Holdings Ltd
AXA - Barclays, JPMorgan Chase, Smith Barney, etc.
Legg Mason, Inc., whose largest holders are AXA and Barclays

Barclays Global Investors UK Holdings Ltd1.71%

SALEM INVESTMENT COUNSELORS, INC.1.56%

With more than $930,000,000 under management as of December 31, 2005, Salem is one of the largest private financial counseling firms in the Southeast.


The Capital Group Companies
Capital International : Capital Guardian
Capital Research and Management : Capital Bank and Trust : American Funds
Assets managed by Capital Research and Management (American Funds) now total more than $750 billion;
Capital Guardian Trust Company and the Capital International companies now total approximately $300 billion.
Capital Research and Management. It has been said that it is a private company obsessed with secrecy. It is one of the largest fund companies in the world and no one knows who the vast majority of its 300 shareholders are. It has been known to intervenes in employees' divorce cases to guard secrets.
2006 by Edward Ulysses Cate

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