Loading ...Thanks Maddog. I’m going to look into that. 🙂
The FED
will kill any President that tries that again (printing Treasury NOTES).
That is the SOLUTION to the Nations Debt….Print “Treasury Notes directly from the TREASURY just as the FOUNDERS did and planned to do…! Only after 1913 to that idiot Wilson allow a Private entity to print money and charge the citizens 6 % interest to do it.
(Someone asked Ben Franklin how they managed to prosper ..his answer was “we print our own money” and manage it so it was sufficient to cover all goods and services …not more,not less….)
The Federal Reserve is a money machine for the “money changers” and coupled with fractional reserve Banking made everyone SLAVES to the “money lenders” ..
It has legalized SLAVERY ..! NOW its reached its limits because the Interest cannot be printed with that system because ALL money enters the system via a DEBT arraigement .. So when a contraction occurs theres a scramble dog eat dog for cash until it ALL comes crashing DOWN .It was guaranteed to happen ,its built in ! Its a flawed system ! The “Money Changers ” were driven from the Temple and will get the Guillotine after the NEXT CRASH ….deservingly so !
No reason they can’t take it to 200-300 times
Comex On The Edge? There Are Now A Record 124 Ounces Of Paper Gold For Every Ounce Of Physical
Submitted by Tyler Durden on 08/03/2015 14:27 -0400
Over the weekend, we got what was merely the latest confirmation that when it comes to sliding gold prices, consumer of physical gold just can’t get enough. As the Times of India reported over the weekend, India’s gold imports shot up by about 61 per cent to 155 tonnes in the first two months of the current fiscal “due to weak prices globally and the easing of restrictions by the Reserve Bank. In April-May of the last fiscal, gold imports had aggregated about 96 tonnes, an official said.”
This follows confirmations previously that with the price of gold sliding, physical demand has been through the roof, case in point: “US Mint Sells Most Physical Gold In Two Years On Same Day Gold Price Hits Five Year Low“, “Gold Bullion Demand Surges – Perth Mint and U.S. Mint Cannot Meet Demand“, “Gold Tumbles Despite UK Mint Seeing Europeans Rush To Buy Bullion” and so on. Indicatively, as of Friday, the US Mint had sold 170,000 ounces of gold bullion in July: the fifth highest on record, and we expect today’s month-end update to push that number even higher.
Ipso-facto re Speed
Here u can download and then burn a disk, which u can then use to either Boot from ie start the Computer off the DVD drive or .. …..that way you can see what is in the Software…basically an Operateing System plus every other software u need like Office, File Managers, photo shop, music/Video players etc….at least one of everything. Or it will ask you if you wish to Install MX-14…if you do that it will see Windows on ur Hard drive and ask you if you want to partion ie split ur HArd drive….say 30 % MX-14 70 % Windows…depending on how big ur drive is and how much free space u have….Windows is a space Hog….
All the help you’ll ever need is out on the Web. MX-14 is based off Debian, the same as Ubuntu…so Ubuntu solutions work on MX-14
My PC boots from cold in @ 40 seconds !!! on MX-14.
The major diff with Linux apart from the fact that it is Free, is that it only uses the Programmes that u open, so as of now all I have is my Web Browser, whereas Windoze has loads of programmes running all the time, in the background, even if you fine tune it, otherwise they would take ages to open as well…but running ’em all slows everything else down.
Cheers
Another Big Problem For The So called Global Economy>> The Unstable Dollar Value
The media keeps suggesting a possible rate increase, I think, to make people think, the economy is strong and can withstand higher rates. But the rates on bonds are LOWER.
Dollar climbing chart:
http://schrts.co/Jaaqis
Interest rates falling chart:
http://schrts.co/7Cv19f
In one respect the deflation sounds like a lack of spending money, with many people, pushing prices lower, and in another respect, it looks like excess unneeded income is plowing into savings, pushing rates lower.
Falling interest rates and a less climbing dollar?? Something is way out of whack.
Hmmm
Space crab? Mars object in NASA pics totally thrills red planet fans
Portugeezer @ 13:14
You hit upon a Major DETAIL ,you are correct ..They never printed the Money to pay the interest with ….The only way they can do that is to print “TREASURY NOTES” and enter the system by passing the FED ,instead of “Federal Reserve NOTES” John Kennedy tried that and you see what happened to HIM !
Barring that it means they have a ZERO SUM GAME for everyone that does find the money to pay interest ,that leaves that much LESS for the NEXT GUY and soon they have a CRASHING money Supply !
Thats the FEDS dilemma and the higher interest go the FASTER it happins and the Higher the DEBT goes the faster it happins ..
Thats exactly why a DOLLAR was as good as GOLD during the DEPRESSION …very scarce ..contracting money supply ,,very FAST …
Its NEVER good when the Dollar is as good as GOLD…its stops circulating and becomes a store of value instead of a circulating medium ..
The medium of exchange needs to be plentiful ..when it contracts its very painfull ……Thats why Milton Friedman called his book
“THE GREAT CONTRACTION” ……now you know !
puerto rico speaks greek
misses $58,000,000 payment. largest default in united states history – so far.
The Whole System Is Like The Construction Methods Used At The World Trade Center
Huge, cheap skate, flimsy, shoddy constructed, hollow shell buildings, but very vulnerable to collapse into a small pile rubble if they have a fire. Those structures were not built to 1910 standards. Before that day, nobody ever saw a building implode because of a fire.
A steel pro that watch the construction said…”Gee, there is practically no steel in this building”. Those buildings were only as strong as the floor boards holding the walls upright. The weak link of the chain.
That’s our economy. A big hollow shell. Vulnerable.
re Gold Down Dollar Up
Gee, that means there is a severe shortage of dollars circulating. I knew decades ago, after the 1975 1980 era, the primary gov’t/business objective was to lower the extremely high wage costs in the private tax paying sector. No such objective required or mandated in the tax absorbing civil service sector. (at that time low wage high benefit)
There was always ongoing inflation, and said to myself…..All prices including labor prices all have to go up in unison to make sense. Allowing all prices to rise, but NOT allowing wages, minimum wage, and Social Security increases to rise in unison with the others would be a big problem in the future.
And here we are…IN THAT FUTURE. The low wages are bringing down (deflation) the whole stupid man made artificial game of a financial system.
TPTB are SCRAMBLING to get wages higher, too little too late. If when this DEFLATION gets far worse, Gold should fly because people will see the result or proof of mismanagement of the financial system.
Doubling tripling and quadrupling of the workforce, combined with computerized labor reducing technology has created a very interesting situation.
I once made a post about what if one man had a machine that produced and did everything. What would happen? Would he be obligated to provide for everyone?
It shows that the printing of economic indicators is nothing but theater. There is absolutely no rational market explanation that the market traded flat to up WHEN the past 4 years of growth was adjusted downward
The Tide has Turned and These Charts Predict the Next Stop
by Thad Beversdorf • August 2, 2015
Tweet about this on TwitterShare on FacebookShare on LinkedInPrint this pageEmail this to someone
What we saw with the latest GDP reports is something truly remarkable. A market that was explicitly told the past 4 years of economic growth had been overstated simply shrugged off the news. That is, absolutely no price recalibration took place. This really evidences beyond any doubt that there is no relationship between the economy and the market. It further evidences the Fed’s increased proficiency in directly guiding the market.
Now I know this is not shocking to many of us. But to watch the market’s blatant irreverence toward a report that, with the flip of a switch, removed 12% of the presumed economic growth from the past 4 years did strike me as remarkable. It shows that the printing of economic indicators is nothing but theater. There is absolutely no rational market explanation that the market traded flat to up on the day when current GDP missed estimates and the past 4 years of growth was adjusted downward, all in the midst of one of the worst seasons for YoY deteriorating corporate revenues/earnings.
But more realistically what it suggests is the only player left in the market is the ‘buyer of last resort’, i.e. the Fed and its minion entities. Certainly nobody wants to aggressively short the market in the face of a clear long only strategy by the Fed, but just as certainly no major money managers are longing this market. Volume has simply dried up.
Equisetum
Lots of good properties in that area!
I don’t own Pretium but it looks it will be a successful project. Grade is King in these days of low gold prices.
RIP Golden Triangle
Gold – The More Hate, The More Bullish We Become
Gold – The More Hate, The More Bullish We Become
Taki Tsaklanos
August 3, 2015
After gold’s breakdown on Sunday July 20th, we have seen an avalanche of negative commentaries.
Admittedly, the breakdown does not bode well from a chart’s perspective. We have to get that straight. The technical breakdown is going to lead the price of gold in US dollar terms towards $1,000 /oz, potentially lower.
But if we compare this breakdown with the one in April and June of 2013, we would say the one from last week is a small dip on the long term chart while the one of 2013 was a real collapse. However, the negativity that was triggered by the latest small price drop is much stronger.
Consider the following mainstream media headlines of the last week:
“Let’s Be Honest About Gold: It’s a Pet Rock” by the Wall Street Journal
“Gold is Doomed” by the Washington Post
“Gold Is Only Going to Get Worse” by Bloomberg
“Two Reasons Why Gold May Plunge to $350 an Ounce” by Market Watch
“Gold’s tumble is far from over” by CNBC
“Deutsche Bank says gold’s fair value is $US750 an ounce” by AFR.com
“Wall Street Bets Gold Drops Below $1,000” by Barron’s
“Are There Any Reasons to Own Gold?” by Bloomberg
From those articles, we selected the three most impressive quotes:
“Gold is a weird relic of antiquity.”
“Gold won’t just drop below $1,000 an ounce but, eventually, to a far, far lower price as well.”
“Gold is out of fashion like flared trousers: no one wants it.”
News headlines are a great way to gauge sentiment. And they are simply telling a ‘hate story’ currently.
In particular, that one last quote of the ones above is very interesting: “no one wants it.” Really? Nobody? As in, “this time must be different?”
Let’s face it. Markets can become extreme, but markets do not remain endlessly at extreme levels. They also do not trade endlessly in one and the same direction.
Along the same lines, sentiment as measured by statistical methods is simply confirming what we see in the news headlines. Sentimentrader’s optimism index for gold stands at 12 on a scale from 1 to 100 (the latter being the highest value). And guess what, gold has currently the lowest reading from all assets (including currencies, commodities, stock market sectors).
ipso_facto @ 10:15. May he rest in peace. If Golden Triangle were still posting here,
I think he would have appreciated your news posting about the golden triangle mining region in British Columbia. The Brucejack mine site is located in the Central Stikine Arch in the southern third of the golden triangle.
In search of behemoth porphyries in British Columbia’s Golden Triangle
Final permit for new $750m BC gold mine
Shares in Pretium Resources Inc (TSE:PVG) enjoyed a nice bump on Friday after the company received final provincial and federal approval for its Brucejack mine in northwest British Columbia.
By the close the Vancouver-based company was trading at $6.53, up 4.5% on the Toronto Stock Exchange, down from a 7.5% advance shortly after the opening of trading.
A higher than usual 346,000 shares in the $865 million company changed hands on the day.
With all necessary federal approvals, a provincial environmental assessment certificate and Mines Act permit now in place, construction of the new Brucejack mine is expected to get underway in 2015, the BC mines ministry said in a statement on Friday.
Pretium pegs capital expenditure for the Brucejack underground operation located about 65 km northwest of Stewart at just less than $750 million with targeted commercial production in 2017. The company received a $81 million investment from China’s Zijin Mining in December for a stake just shy of 10%.
more http://www.mining.com/final-permit-for-new-750m-bc-gold-mine/
Maddog
I’d love to have a faster machine!
I don’t know all the terms you’re using but it sounds like your puter will do a smoking 1/4 mile. 🙂
South African union rejects 13% pay hike; president threatens strike
The union representing about a third of nearly 100,000 gold miners in South African labour talks, has rejected an offer of a 13-percent pay rise.
The Association of Mineworkers and Construction Union (AMCU) hinted that a strike may be the next step in the long-suffering negotiations for a fair deal for employees and gold companies.
“If we need to go march at their offices we will,” AMCU President Joseph Mathunjwa told thousands of workers who gathered at the stadium next to a mine shaft about 300 kilometers (186 miles) south of Johannesburg, according to a Sunday post on Bloomberg
more http://www.mining.com/south-african-union-rejects-13-pay-hike-strike-may-be-imminent/
No let up
even at these low prices the Algo’s pound the GLD/Hui spread lower.
I wonder if anyone in the Oil patch is wondering why Oil is falling apart….
ipso-facto
Re Linux…..most distro have a tool that lets you split yr hard drive, so you can dual boot, ie choose whether you want to run Windoze or Linux…if you do you will see just how fast a linux machine is…I run MX-14 on a 9 yr old PC and it flies, as it is a stripped down version of Linux…Ubuntu is getting fat ???
I’m about to put MX-14 on an i5 quad core laptop…that should really fly!!
A wider war
U.S. to defend Syrian rebels with airpower, including from Assad
The United States has decided to allow airstrikes to defend Syrian rebels trained by the U.S. military from any attackers, even if the enemies hail from forces loyal to Syrian President Bashar al-Assad, U.S. officials said on Sunday.
The decision by President Barack Obama, which could deepen the U.S. role in Syria’s conflict, aims to shield a still-fledging group of Syrian fighters armed and trained by the United States to battle Islamic State militants — not forces loyal to Assad.
But in Syria’s messy civil war, Islamic State is only one of the threats to the U.S. recruits. The first batch of U.S.-trained forces deployed to northern Syria came under fire on Friday from other militants, triggering the first known U.S. airstrikes to support them.
U.S. officials, speaking on condition of anonymity to confirm details of the decision, first reported by the Wall Street Journal, said the United States would provide offensive strikes to support advances against Islamic State targets.
The United States would also provide defensive support to repel any attackers.
U.S. officials have long played down the idea that Assad’s forces – which have not fired on U.S.-led coalition aircraft bombing Islamic State targets in Syria – would turn their sights on the U.S.-backed Syrian rebels. But they cannot rule out the possibility, perhaps in an unintentional clash.
The Pentagon and the White House declined to discuss the decision on rules of engagement or confirm comments by the unnamed U.S. officials.
more http://www.reuters.com/article/2015/08/03/us-mideast-crisis-syria-usa-idUSKCN0Q803Y20150803
Here’s a quote many of us can relate to:
“Where go the years? Down what tunnel of time are poured the precious days? We are young and the fires within us burn bright. All the world lies before us and nothing is too great to be done, no challenge too awesome. Then suddenly the days are no more, the years are gone, and the time that remains is little indeed.”
Louis L’Amour…..To The Far Blue Mountains……Chapter 30.
Sounds like a goldbugs lament, at least to me……. All the Best…… Silverngold
It’s on account of the “strong” economy doncha know
ISM Manufacturing Slumps To 3-Month Lows Led By Plunge In Employment
Tyler Durden’s pictureSubmitted by Tyler Durden on 08/03/2015 09:28 -0400
It appears ISM Manufacturing data has been ‘leaked’ early and is reportedly printing 52.7 in July, down from 53.5 prior and missing expectations. This is the weakest print since March as the Q2 bounce is now officially dead. Both imports (lowest since Jan 2013) and new export orders (lowest in 3 years) declined as employment tumbled. In fact every subcomponent fell aside from new orders, production, and supplier deliveries with order backlogs at their lowest since Nov 2012.
more http://www.zerohedge.com/news/2015-08-03/ism-manufacturing-slumps-3-month-lows-led-plunge-employment