Nice to see Fortuna Silver (FVI.v) getting a positive mention.

8/8/09
Brent Cook interviewed
Nice to see Fortuna Silver (FVI.v) getting a positive mention.
The South America Swine Flu Sweepstakes Update Aug 8
Here's the updated chart, as at August 8th:

Another snippet from the Argentine health ministry this week said 53% of death had no previous health complication (no obesity, no high blood pressure, no chronic illnesses etc), so that's another mythbuster with three months and counting for the northern hemisphere winter.
Meanwhile, deaths in Brazil have shot past Chile's total and into second place at 132, mostly reported in the cities of San Pablo (50), Paraná (25) and Rio de Janeiro (19).
Chile's fatalities break into three figures, with 12,030 registered cases.
8/7/09
The Friday OT: Harvest Moon by Cassandra Wilson
A song that reminds happily married people just how fortunate we are.
When we were strangers I watched you from afar
When we were lovers I loved you with all my heart.
But now its gettin late and the moon is climbin high
I want to celebrate see it shinin in your eye.
Because Im still in love with you I want to see you dance again
Because Im still in love with you on this harvest moon.
Trading Post (kill the wabbit edition)
Chariot Resources (CHD.to) up 10% at $0.33 on great volumes again. Really happy about the way this thing has picked up and run.
ECU Silver (ECU.to) down 1.8% at $0.54; hahahahaahhahahahaahhaaaaaaa!!! And y'know what longs? There's worse to come. It's called "the quarterly report" and it's coming to depress you soon, suckaz.
MAG Silver (MVG) (MAG.to) down 2% at U$4.81 and news from the board of directors is that they've started selling their stock again. What's the excuse this time, Jones? More tax to pay? This dog has a great asset for sure but the wrong, wrong, wrong people on top of it. Up a pathetic 6% since Fresnillo offered their offer at the bottom of the market. Dead money, nuff said.
Gleichen Resources (GRL.v) up 63.6% at 90c and there's probably more to come on Monday after watching the action closely this morning.
Troy Resources (TRY.to) (TRY.ax) up 5.5% at C$1.52 and volumes have been nothing short of excellent in Australia since the D&D presentation. Oh you know it's true, blue.
US employment figures: Jack Crooks of Black Swan Capital said it best this morning
I ask now: will the jobs report really tell us anything? I mean, will it tell us anything besides the fact that fewer jobs were lost this month than last month? It’s like telling a car accident victim before the paramedics arrive that he lost less blood this last minute than he did the previous minute.
Maple Energy (MPLE.L): When a country's pension funds rely on exploration-stage oil companies
On Thursday it announced that its drilling program had hit nothing special and has lucked out. The price of the stock dropped like a stone, of course. Hey, this is the way with small O&G companies...if they don't deliver the goods they dive hard. It's always been this way and it always will be.
But the funniest thing about this is the stupidity of the people that run the Peruvian stock exchange the BVL. When MPLE.L decided to quote on the local bourse last year the idiot suits were so pleased they finally had an O&G listing to play with that they made it a major part of their headline indices. Right now MPLE is a tad under 7% of the whole General Index (IGBVL) and as such is a major part of the whole country's pension funds, as the money tucked away by prudent Peruvians was being gambled (no other word for it) on a tiny oil explorer as part of the stock market indexing of funds....with official approval by the experts that run the exchange!
So when the pension contributors get their statement next month and ask "hey, where's my money gone, dude?" the answer will be "oh....err...this tiny oil company missed on three drills and we lost the whole country 14 squillion because of it". I'd call them dumbasses but that would be an insult to people I've called dumbass in the past, even the delicate flowers of the Motley Dumbass. True financial stupidity for all to see, courtesy of the arrogant suits that mismanage Peru.
There will be more profound talk on MPLE.L in this weekend's IKN Weekly, as subscribers know it's not the first time this company has been mentioned in the Weekly.
testimonial
The rest was totally unsolicited testimonial and very gratifying to read at this end. If you'd like to read some more unsolicited testimonials, drop me a line and I'll organize my inbox and send a few over (personal info cut out of course, but all kosher).
".....(about) PEZ.to, I have been scratching my head lately about why it's still so cheap (realizing of course that it carries some risks, though nothing unusual). It seems to be one of the few gold stocks following the usual summer doldrums. Is it all just the lack of news flow?
Anyway, Monday and Tuesday I found myself buying, ended up tripling my position. Hopefully that won't bite me in the ass but it just seems so cheap, and the Mexican peso seems to be one of the few currencies which won't likely get too stronger against the dollar (so their costs shouldn't escalate too much on currency alone). You probably saw that Mickey Fulp wrote up PEZ.to recently, which carried some weight with me. As you know, in many of my investments I evaluate to a large extent using the opinions of others (maybe I'm better at assessing people than small miners) so a straight shooter like Mickey is good to "invest with."
Speaking of good to invest with, how about that TRY.ax? I have been holding, it might even be my largest position at this point. What can I say but MIL GRACIAS. It has so much going for it and no big weaknesses. With its recent spate of great news and rising price daily, I won't even cry over the fact that, having massively overweighted it earlier (against all diversification rules), I rotated some from TRY.ax into other miners just prior to the latest ramp. I fear my timing is as bad as you claim yours to be.
Still loving the letter, always chock full of good info and analysis. And you must realize it's far more creative than the usual investment letter / report standard, which makes it more valuable and highly readable besides.
Bagua: Lambs to sacrifice
By ANDREW WHALEN (AP) – 6 hours ago
LIMA, Peru — Relatives of police officers killed during a government crackdown on Amazon Indian protesters are seeking criminal charges against Peru's former interior minister and three police chiefs, a lawyer said Thursday.
Ten civilians and 23 policemen were killed June 5 when a small, heavily armed troop of officers cleared a highway blockade where nearly 5,000 Indians were protesting development on their ancestral lands. Another officer is missing and presumed dead, while 200 civilians were wounded, 82 by gunshot, according to Peru's ombudsman's office.
Amnesty International has called the government's investigations into the violence imbalanced, because no police have been implicated or arrested for their roles in the violence. More than 100 Indians are charged with crimes including murder and sedition.
Families of the dead police officers are now questioning the bloodshed as well.
We "are asking for justice and for the trial of those truly responsible on the highest political level," said Flor Montenegro, widow of one of the killed officers, Capt. Miguel Montenegro.
The lawyer for the families, Antonio Salazar, told The Associated Press that he is filing a criminal complaint with the state attorney's office against former Interior Minister Mercedes Cabanillas, former national police chief Gen. Jose Sanchez and two regional police chiefs. The families are asking that they be charged with negligence and abuse of authority, crimes that carry up to eight years prison time in Peru.
The government says the Indians instigated the violence. Indian protest leaders say police opened fire on the protesters, who then fought to take guns from the police.
Montenegro said at a news conference that political leaders should have found a peaceful solution to the protests, which began in early April.
"They had more than enough time to resolve it in two months but they did not have the tact or the intelligence," she said.
Rony Garcia, brother of deceased police officer Jose Alberto Guzman, also criticized Peru's leadership for ordering police to confront the Indians. "They sent them like lambs to sacrifice," he said.
8/6/09
Petaquilla (PTQ.to) recommended closed by Panama's Ombudsman
The report published by the Ombudsman can be found on this link right here (Spanish only) so link-thru and knock yourselves out, but in a nutshell it takes into account 23 (yep twenty-three) different considerations of illegal or reportedly illegal activity by PTQ.to and makes seven resolutions, the main three of which being directly significant to PTQ.to are:
1) The Ombudsman states that Petaquilla Minerals has violated Panama's constitutional right of a healthy environment by proven acts of pollution, non-compliance with laws and abuses of rights (I mean hey...why mess with breaking a piffly law or two when you can go the whole hog and violate the country's constitution, right?).The ministries now have 30 days to get their acts together and move on this. It explains why the company says it's finally commissioning its mine but the stock has done nothing despite the BS pump PRs and ridiculous cheerleading from corrupted Panamanian websites that try to part expats from their retirement lump sums (and are seemingly unwilling to run today's news on Fifer's craphole...what a surprise, Don Wanker).
2) The Ombudsman recommends to the Ministry of Commerce (MICI) and the Ministry of the Environment (ANAM) that they take steps via some precise and existing laws to stop all activity at the mine immediately.
3) The Ombudsman recommends to the Ministry of Commerce (MICI) that it moves to rescind the contract of Petaquilla Minerals under the law of "Substantial Non-Compliance" that's part of the Pananamian statute.

Solidarity with Censored Blog 'Que Te Pasa Clarín'

It's worth pointing out at this point the Clarín is Anti-Kirchner and the blogger behind QTPC is highly critical of the newspaper and its editorial line. Also, from when the blog kicked off in early April to today it has been severely critical of Clarín and often publishing embarrassing secrets that Clarín simply didn't want out in the public field. You can still access all 140 posts at QTPC at this Google search link, but instead of going to the page you need to click the 'CACHED' button of each entry. Those of you who do Spanish can find out all the juicy details that the shits at Clarín wanted to suppress.
IKN voices its total support for the blog QTPC and roundly condemns the bullyboy actions of Grupo Clarín, an enormous, monopolistic, publicly quoted media company (GCLA on the London Stock Exchange) that would be the first to scream blue murder if it were the object of press restrictions itself.
UPDATE: The story I linked to above on the first link ("been gagged by court order") was a specific report in Argentina's 'Critica' daily, but now it seems the story has been pulled and the linkgoes to the website's home page...no report anywhere on the site. Looks like Clarin has managed to gag its rival, too. Wowsers, what fascists! Here's a report on the closure from a site in Spain.
Must see video on China's economy
Taking it like a man
A refreshing change to see someone that can stand up and take it like a man. Trevor Turnbull, I salute you. Good form shown.
Lest We Forget
But there were other touches, too, that spoke of Mr Patch’s earnest belief that fighting can never be the right way to solve disputes. During the service a chorister sang the 1960s peace anthem, Where Have All The Flowers Gone: the order of service said that the song had been chosen by his grandson “to reflect Harry’s view of the futility of war”.
Equally symbolically, the coffin was escorted by six other pallbearers, including two soldiers from the German army. Dr Eckhard Wilhelm Lubkemeier, charge d’affaires of the German Embassy, who read a lesson from the Bible at the service, said: “We really appreciate the generous gesture on the part of Harry Patch because he explicitly wanted his former enemy to be represented at his funeral service.
“It is a great honour for us and we really appreciate the opportunity of being here and honouring a great man.”
Strange Meeting (Wilfred Owen, 1893-1918)
It seemed that out of the battle I escaped
Down some profound dull tunnel, long since scooped
Through granites which Titanic wars had groined.
Yet also there encumbered sleepers groaned,
Too fast in thought or death to be bestirred.
Then, as I probed them, one sprang up, and stared
With piteous recognition in fixed eyes,
Lifting distressful hands as if to bless.
And by his smile, I knew that sullen hall;
With a thousand fears that vision's face was grained;
Yet no blood reached there from the upper ground,
And no guns thumped, or down the flues made moan.
"Strange, friend," I said, "Here is no cause to mourn."
"None," said the other, "Save the undone years,
The hopelessness. Whatever hope is yours,
Was my life also; I went hunting wild
After the wildest beauty in the world,
Which lies not calm in eyes, or braided hair,
But mocks the steady running of the hour,
And if it grieves, grieves richlier than here.
For by my glee might many men have laughed,
And of my weeping something has been left,
Which must die now. I mean the truth untold,
The pity of war, the pity war distilled.
Now men will go content with what we spoiled.
Or, discontent, boil bloody, and be spilled.
They will be swift with swiftness of the tigress,
None will break ranks, though nations trek from progress.
Courage was mine, and I had mystery;
Wisdom was mine, and I had mastery;
To miss the march of this retreating world
Into vain citadels that are not walled.
Then, when much blood had clogged their chariot-wheels
I would go up and wash them from sweet wells,
Even with truths that lie too deep for taint.
I would have poured my spirit without stint
But not through wounds; not on the cess of war.
Foreheads of men have bled where no wounds were.
I am the enemy you killed, my friend.
I knew you in this dark; for so you frowned
Yesterday through me as you jabbed and killed.
I parried; but my hands were loath and cold.
Let us sleep now . . ."
x
Those Peruvian intellectuals and powerbrokers
El Comercio prides itself on being the serious newspaper, the one that all the bizpeeps and ABC1s read. So when I noticed the list of "the most read stories" today it made me laugh. Here's the copypaste, check out the page here
Las más leídas
- 16:02 | Actriz de 'High School Musical', desnuda en fotos
- 10:50 | Jessica Alba se luce en bikini en playa de Malibú
- 09:45 | Conozca a ‘clones’ peruanos de los cracks de Europa
- 12:44 | Evo Morales pide disculpas a todos menos al Perú
- 13:01 | Actriz Sharon Stone posa semidesnuda para revista
These translate as
- 16:02 | 'High School Musical' actress naked in photos
- 10:50 | Jessica Alba in a bikini on Malibu beach
- 09:45 | Meet the Peruvian clones of European football stars
- 12:44 | Evo Morales apologizes to everyone except Peru
- 13:01 | Sharon Stone poses half-naked for magazine
So these are the most popular stories in Peru this morning, folks. Three naked women from Hollywood, some story about soccer-hangers-on and the usual paranoid obsessions about Evo (probably cos the chattering classes and idiot schoolboy bloggers can't stand the fact that Bolivia is doing better than Peru). That's the quality of intellect that purports to running the Peruvian economic miracle, folks. The funniest thing is that these people take themselves seriously. We're laughing at you, dumbasses.
Minefinders (MFN) puts in a poor quarter
Today the company reported its second quarter and the numbers are not good. Far from the "steady state gold and silver production at model rates" we were promised in the February 2009 company presentation, the cruel reality is a $552 per ounce cash cost, a full $255 higher than that "model rate" they talked about just six months ago. Also included in the report are a range of "it's not our fault" stuff and excuses that looks petty as a whole that just makes you go humph.
Disclosure: No position in MFN.
Chart of the day...
...tempts a little hubris, but WTH...the dude deserves what's coming anyway.

Trevor: Epic, epic fail. Just shows what happens when your analyst loves his qualifications more than actually doing some work. So Trevor Turnbull MBA MSc, for the obviously pisspoor research you did on Troy Resoures (TRY.to) (TRY.ax) and the amazingly bad timing of your 100% incorrect advice, you win this week's coveted award. Enjoy, dumbass.

Related link: Taking it like a man

8/5/09
The IKN Kaption Kompetition: Winnah Winnah Chikkin Dinnah
Twobreakfasts: "Gringo military bases for him, cocaine kickbacks for me...life is good!"
El Narco: "You don't know the half of it, fat guy."
Superb Silver Medal goes to Locojhon who caught the same drift as the winner and made me laugh:
TB--"So now that we've finished breakfast, what else shall we eat?"
AU--thinking--"What do you mean, WE? The SOB ate mine too."
Alan: "Asi de grande es la mentira que Pastor les dijo a la ONU"
Uribe: "espera no mas que te investigen, mis falsos positivos quedaran chiquitos"
Aha! Peru's Growth Miracle Explained
Narcotrafficking a Twenty Two Billion Dollar Business in Peru, 17% of The Country GDP
Narcotrafficking in Peru generates profits of U$22Bn (17% of country GDP), an increase of between U$3Bn and U$4Bn in the last five years, the Peru anti-drug czar, Rómulo Pizarro said Wednesday.
This surge is due to the increase in consumption and demand pressure, most of all from the European market, said Pizarro, head of the National Commission for Development and Life Without Drugs (DEVIDA)
"Five years ago this figure was calculated at U$18Bn, that is to say that we're talking of an approximate increase of between U$3Bn and U$4Bn." CONTINUES HERE
Oh wow! English language media is starting to get the picture about Peru, too.

LIMA (Dow Jones)--Peru's economic recovery will continue to be subdued, although a "mild" rebound is expected in the second half, Intergroup Financial Services Corp.'s (IFS.VL) chief financial officer said Wednesday.
"We are still not seeing strong signals of a recovery," said Jose Antonio Rosas in a conference call with analysts, adding that increased government spending will help boost growth.
Peru's gross domestic product rose close to 10% last year, while in the first five months of this year GDP has expanded by only 0.83%. CONTINUES HERE

For the record Intergroup is the holding company for Interbank, a pretty decent Peruvian high-street banking chain. So what this is is the start of a bit of reality, not much more. My eyes popped out on seeing the adjective "only" as regards Peru's GDP, cos it's the first time I've seen even a mildly derogatory comment about Peru's lop-sided, socially disgraceful "growth" in five years of MSM-watching. So suddenly the voice of English language mainstream media has changed from "Peru Economic Miracle" to "Peru flat for year", so what are they going to say when the next GDP figure comes out way, way negative?
The fruitfly analyses continue in other places however. RGEMonitor (the Roubini place full of the dumbasses in suits that you call economists) is still peddling the party line, as found in my inbox this morning:
A couple countries in Latin America have thus far been able to weather this crisis better than their neighbors. Brazil and Peru stand out for their relatively healthy fundamentals and financial systems. Both countries have benefitted from being relatively closed economies and from having diversified export markets and products.
This is BS. Brazil has an internal economy, but Peru is wholly dependent of the rest of the world and metals prices. The crap spouted by S&P last year wasn't confined to AAA ratings on US financial roadkills, as I still recall the day I guffawed non-stop about its call on the "surging internal economy of Peru" as it justified the worst ever 'investment grade' rating in the history of developing markets. Peru's single major export market is the gold that gets sent directly from Chicama and Yanacocha to vaults in Switzerland. Then comes copper to Asia and that's all she wrote, its about as diversified as the recipe for hotdogs. Not long now til the emperor is shown in his birthday suit and the arrogant know-alls at RGE eat their words, side order of crow. Short the Nuevo Sol.

Related Post: Will Spongebob Carranza resign in disgrace as Peru slips further into recession?
Amarillo Gold (AGC.v): Somebody likes his own stock..
Robert Landis is the name, and Amarillo Gold (AGC.v) is the stock
Amarillo Gold Corporation (AGC) | As of August 4th, 2009 | ||||||
Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
Aug 04/09 | Jul 31/09 | Landis, Robert Kumler | Indirect Ownership | Common Shares | 11 - Acquisition carried out privately | 200,000 | $0.700 |
Aug 04/09 | Jan 09/07 | Landis, Robert Kumler | Indirect Ownership | Common Shares | 00 - Opening Balance-Initial SEDI Report | | |
Aug 04/09 | Jul 31/09 | Landis, Robert Kumler | Indirect Ownership | Common Shares | 11 - Acquisition carried out privately | 40,000 | $0.840 |
And don't say I didn't warn you.
Par for the course from the sophists at Colossus Mineral (CSI.to)
2. Scream "WOW!! WOW!! LOOK!!" at the sheep that can't see further than core grades.
3. Sell into the headless chicken buying frenzy.
4. Wait for people to realize that there's nothing significantly new in the press release.
5. Watch patiently the next day for the drop back to pre-announcement levels then buy back position and keep the 10% cash.
Today's chart challenge
Troy Resources (TRY.to) news

This one, which is the new company presentation (read for yourself why you should own this company).
And this one, which tells that capex costs for Casposo are down to U$45m.
When this thing goes above $2, remember who screamed at you all through 2009 from 84c upwards, yeah?
Chart of the day is.....
- Their net worth jumped 158% in the period 2007 to 2008
- Their net worth jumped 562% in the period 2003 to 2008
- Assets stand at P$65m, including P$32m in bank deposits (mostly in dollars) and P$17.5m in shareholdings.
- Debt stands at P$19m, including a brand new P$8.83m loan from Banco de Santa Cruz, the bank run by their pally pal Eskenazi who was recently handed the keys to a large slice of oil company YPF on easy payment terms.
8/4/09
Honduras coupmonger photoshop, part two
OH NOES! It Kaption Kompetition Time
Colombia's Alvaro Uribe started his whistle-stop tour of South America today by visiting Twobreakfasts over in Peru. The idea is to explain to heads of state on a one-on-one basis just why he's going to let a shitload of US soldiers set up camp in his country (for a better and more serious analysis of things, check out Plan Colombia and Beyond, cos it's a better blog than here).
Anyway, Uribe does Peru today then flies on to chat with Evo in Bolivia later tonight. Then he takes in (and I think this order is correct) Chile ('Chelle), Paraguay (Don Juan), Uruguay (Tabaré), Argentina (Klishtina, and apparently these two get on really well) and finally Brazil (where Yoda has already mentioned that he's pissed about the whole idea). Amazingly enough he's missing out on Venezuela (some guy called Hugo) and Ecuador (The Muffin). Uribe's also too chicken to go to next week's UNASUR summit in Ecuador where the other 10 heads of state are gatherng.
BUT NO MATTER! What we want from you guys are captions for this photo:

Pleeease John Enders..PLEEEASE
Trading Post (Benny Lava edition)
IMA Exploration (IMR.v) up 7.9% at $0.34, a move that won't surprise IKN Weekly readers.
Castle Gold (CSG.v) down 4.7% at $0.61 and for the record I picked up a few at 63c today on a short term trading play. DYODD on this one and know what you're buying....and why...and for how long...and don't blame me. IKN Weekly readers, again, should know what I'm talking about here.
Chariot Resources (CHD.to) up 4% at $0.26 on good volume and the beat goes on. Blackmont upgraded this thing last week and slapped a 55c target on it, too.
Corriente Resource (CTQ.to) (ETQ) down 2.8% at C$6.32 and might even become a buy soon at these levels. Management are now paying for all that "Any minute now folks!!!" BS pump that flatters to deceive.
Peru: Will Spongebob Carranza resign in disgrace as Peru slips further into recession?


"The Economics Studies Service of BBVA Banco Continental projects a fall in June GDP of between 2% and 2.4% after the poor performance (figures) of the primary and manufacturing sectors."


"... Twobreakfasts says it's going to be 5% this year, and Carranza says 5% this year, and the Central Bank says 5% this year, and the IMF says 5% this year. I mean, why on earth should you listen to me and ignore all those utterly reliable and impartial sources?"

Still obsessing on copper.....

This one shows the futures curve at the LME, with traders unafraid to be net long.
All imho, dyodd, dude.
News Roundup (rummaging around, seeing what's been thrown out and recycling)
In Ecuador, this time next week a eport from the government media people is set to crack down on 34 radio and TV stations (out of 195 they found operating illegally). Correa says that some 'sacred cows' will have to close. English media have gone waaaay over the top about "state grabbing media" and freedom of speech stuff, so for a more balanced report check out this El Telegrafo report in Spanish language that tells it how it is. All the same, expect a bunch of white-handed students to march through Guayaquil.
Peru saw a nasty Sendero terrorist attack in which three police and two family members were killed. Not good at all.
8/3/09
Doe Run Peru declares insolvency
Peru, you've been had as a bunch of suckers. Welkome to kapitalism komrades, now clean up the mess.
What's hot and what's not in Bolivia

Bottom of the pile? Yep you guessed it, that nest of vipers known as the national congress. Y'see, Bolivia isn't all that different to chez vous after all.
Trading Post (civic edition)

My you frosties sure pack in those days off work, dontcha?
S&P500 up 1.31% at 1,000.41. Hooray, it got there. Now what? Hey dudes, why stop at 17X? Shall we go for 18X PE in the middle of a recession? 20X? Isn't this fun??
Freeport (FCX) up 7% at U$64.53 and having a great day at the office. PCU up 5.5% at U$27.18 and along for the ride, too. The reason is spot copper, of course, up at $2.70/lb. Who needs supply and demand anyway?
Fronteer (FRG) up 4.8% at U$3.94 on middling volumes and a taste of things to come for tomorrow in Toronto.
Petrobras (PBR) up 5.3% at U$43.43 as crude crosses U$70/bbl again. All Bovespa stocks having a great day, in fact. All South American indexes, as it happens.
Lithium Juniors = Snake Oil, part 63
Ken Stanborough, 47, from Liverpool, dropped his 11-year-old daughter Ellie’s iPod Touch last month. “It made a hissing noise,” he said. “I could feel it getting hotter in my hand, and I thought I could see vapour”. Mr Stanborough said he threw the device out of his back door, where “within 30 seconds there was a pop, a big puff of smoke and it went 10ft in the air”.
The fuel of the future my ass. Said it before and will say it again, just looking at lithium junior miners is bad enough but actually thinking they're decent investments means your personal mental imbalance demands the stuff ingested.
The Monday OT: My loony bun is fine Benny Lava
- My loony bun is fine Benny Lava
- I see the nuns are gay
- Who put the goats in there?
But there are so many more. Hit that play button, kind reader. Guaranteed enjoyment.
Charts of the day are...
....Peru's top 50 mining companies by 2008 sales.

Click on either chart for nice big versions that read easily.
I know at least five people who read this blog that need to get this free white paper
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A normal Bolivian wedding present: A house
"The state will provide a house to any couple that gets married."
"This will be our (social) program and the government is obliged to attend this need."And don't think for a minute that he won't come through on this one, because the other five social programs and payments launched by his government so far have been resounding successes, including the old age pension, payment for meals for schoolchildren, the pre-/post natal payments for mothers who attend hospital during their pregnancies and make sure their young babies get all the necessary care until the age of two, and one-off payments for ex-soldiers who saw combat in the Chaco war. Bolivia runs an annual average of 22,000 marriages per year. Something tells me that we're about to see an acceleration in that statistic. Meanwhile, what has your government done for you lately, blue-eyes?
8/2/09
Speak loudly and carry a big stick
