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Well it looks like Buffet got what he ask for. Pretty sure he said to Obama he pays less taxes than his secretary. Of course there were only Carrear politicians then so with their loopholes the only thing higher taxes would do is hurt small businesses. At the same time according to a England bank he was getting special treatment because he escaped being labeled too big to fail. No personal vendetta to Buffet but just saying.
Then on the other side we got Soros. Now rumors coming out he was helping the caravan of people coming to the border from Mexico. If so how low will that pos go.

Lava there moves slow, just creeps along.
Maya very good link. There are people now praying for the people of Hawaii.

Cool photo.   What are we seeing?  I assume lava breaking up through the ground, but it doesn’t look like it’s flowing.  Or is it, but caught in stop-action?

Interesting posts as you keep us up-to-date.  Not sure I’d be as nonchalant living so close to that kind of activity.

Berkshire is said to be due to a new rule that mandates the reporting of unrealized gains or losses in stock investments as net income. As a result, Berkshire was required to report a $6.3billion loss in investment income from January to March, making the first quarter of 2018 the first time that Berkshire has had a net loss since 2009,

Comment: It all sounds like Mark to Market to me. I used to have do it every year before filing the tax return. Profits and losses have to be tallied up. Like taking inventory. Even if you are sitting on a nice fat unrealized profit, you have to declare the profit, as if you sold it. Losses can be deducted against other income. Plus no wash sale rules.

$1.1BILLION down! Warren Buffett’s Berkshire Hathaway which has firms including Dairy Queen, Duracell and GEICO reports its first net loss since 2009

http://www.dailymail.co.uk/news/article-5695167/Warren-Buffett-reports-1-1BILLION-net-loss-Berkshire-Hathaway.html

Your boy Marx has won the game – that’s how

Happy Birthday Karl: Top 10 Goals Of Marx’ Manifesto Accomplished In America

In America, the goals of the communists have crept their way into society with little fanfare. Many people have no idea that public schools, the graduated income tax, and even a central state-controlled bank (like the Federal Reserve) were tenets of the Communist Manifesto…

from USGS

Earthquake video tweet. Maybe she should of said anyone wishing to use it 500 each. Look at the note of all the news asking her to use it.

https://mobile.twitter.com/Allieb1792/status/992534402151235584

That’s what I asked awhile back but was so tired I said lava level instead of zone of where the proximal areas being affected. I just looked it up later.
Yes I know there are zones but was wondering if they knew the risks of being in direct path plus get the well it hasn’t happened in a long time. Yes the insurance is expensive and if memory serves comes from England. Plus if you are in those higher risk zones you might even have trouble financing. I thought about it for 6 months out of year but I didn’t like the thought of not having insurance then you mentioned it’s impossible to get a reasonable medical supplemental insurance as well which in these days of imported doctors, corporate protocol “do least as possible” that can lack common sense and more your limited on choices without it. It makes me wonder if it’s related to active volcanos too.
You need more active political there to help maybe.
They say one day it will break off and a new Island will form.

The Big Island is divided into ‘Lava Risk Zones’ that are published and must be disclosed at a real estate deal.  Major insurers will not write homeowners insurance in the high risk areas.  The state sponsors a fire insurance program thru a local insurance agency that will provide risk insurance in lava areas, but it is horribly expensive and most cannot afford it.

Leilani Estates was built right atop the high risk rift zone of the volcano… lava zone 1… where the ground could crack and erupt at any time.  It is a stupid place to build and live.  But those people were NOT ignorant of the risks.  It is well known and published and disclosed.  You pays your money, and takes your chances.  Many would say “It hasn’t erupted in years.  We will be OK”

…or not.   The Hawaiians say you don’t mess with Pele.  She goes where she pleases.  This is her land, and she will take it back at any time.

Still trembling today.  The number of small earthquakes seems to have increased.  This is a major geologic change in the volcano, and we just wait and watch to see what comes next.

I don’t know about always lol and I don’t blame anyone from trying to save their money in a melt down but flaunting influence for his own benefit is another especially if it hurts others. He was also a outside advisor to Obama. He would praise his bailouts.

You beat me to it. Very well said – as always.

Buffett is an insider crook.

My bet is that silver might spike right back up to the $17.35 level, probably pretty fast.

Maybe I’ll be wrong as usual.

I wonder how Buffet’s number would be if he invested in Sears, GE, Enron, etc. He’s a helluva stock picker, gotta give him that, I’m sure none of it had to do with inside info – his bet on Goldman Sachs went really well after 2009 – really smart to invest in a company the US taxpayers had to bail out.

During the crash of 08 Buffet hid behind the very kind of companies that brought the economy down. Why, because he knew they would get a bail out and in effect so would he while everyone else suffered.

For example, Buffett pumped $5 billion into Goldman Sachs shortly after Lehman Brothers collapsed, a massive boost of confidence in Goldman that shored up its stock price. Buffett bought $5 billion in preferred shares, and as part of the deal won warrants for an additional $5 billion worth of common shares.
In 2011, Goldman bought back the preferred stock for $5.64 billion, and handed Buffett a $500 million bonus. Then last week, Buffett exercised the option on 13.1 million common shares for a value of about $2.07 billion.

http://theweek.com/articles/459166/how-warren-buffett-made-10-billion-during-financial-crisis

Californian Senator Richard Pan pushing to outlaw parental rights in all medical decisions

Son of immigrants that seeks to usurp the constitution. He even wants to over step other doctors about vaccines because he knows better than them. Also wants to stop free speech conserving information about the adverse effects of vaccines.
Now going after homeschoolers in a round about way to force vaccinations on them.
One dumb district in Sac voted him in. Hope they wake up this time.
https://www.naturalnews.com/2017-01-12-californian-senator-richard-pan-pushing-to-outlaw-parental-rights-in-all-medical-decisions.html

Holmzee sez gold needs a new area discovery like Nevada to get moving….he’s pushing his GAU

https://www.financialsense.com/frank-holmes-gold-stocks-have-never-been-cheap

Cause Zero Hedge has had very few articles lately calling for am imminent  collapse or bear mkt. I just checked their site–there are currently zero articles.

https://www.zerohedge.com

The filth negated the first report…but the fact that the commercials are back again so soon reducing their silver shorts could be a sign that “something’s cooking”…anyway, I’m keeping my cajones crossed!

Unfortunately, it’s Buffett who is totally missing the point:

ZH: The Real Story Is the Ongoing Emerging Markets Rout

“the big story remains the recent surge in the dollar and the accelerating rout in Emerging Markets, where a bevy of currencies, including the TRY, ZAR, INR, IDR and especially the Argentina Peso most recently, have all gotten crushed, in many cases sliding to all time lows, prompting some to ask if another 1997-style EM crisis is on the horizon”


These are the things that don’t like tax repatriation:

I wonder if those poor people knew their house was build on a volcano path. People will sell you anything for money.Due to the high cost of almost non existent insurance in that area how many had insurance. Maybe they have a law suit if they were not informed. One man on TV said he moved there form Calif. to get away from fires. I think he lived in Leilani.

earthquake on the Big Island.  Had a 7.2 back in 1975.   This is not a plate-fault earthquake, where stress is ‘relieved’.  This is an active volcano moving around underground.   So just because we had a big one does NOT mean the stress is relieved.  There is magma under pressure, and we could have another big one at any time.

Part of the stress and uncertainty.  The summit has deflated.  Pu’u O’o has collapsed and deflated.  All the magme flowed down the rift and is now fighting to escape from the weak spot it finds.  The cracks will get larger, and more earthquakes will rearrange the underground plumbing.   Pele goes where she pleases… something we all live with here.

But I am happy with the house.  It’s built on a slab which tends to float in one piece in an earthquake, so it keeps the house together.  No fears of sleeping in it now.  I may need a gas mask though, if the fumes come this way.

When the juice is dead, you need a diesel to keep folks moving!
http://www.railpictures.net/photo/655437/

They had a 6.9
https://www.nbcmiami.com/news/national-international/Hawaii-Volcano-Eruption-Evacuations-481707861.html