OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

ipso, 18:05

Posted by treefrog @ 22:26 on July 15, 2018  

one of the important words there is “younger.”  as people get older, most of them drift to the right politically.

there is a demographic “bulge” – the babyboomers, who are getting older (and voting more regularly).  their age is pulling them rightward, and there are a lot of them.  the millennials are flirting with the left, but there are not so many of them (the birth control pill became common late ’60s and following).

how will all this work out?  near term – looks like slow rightward drift. intermediate?  long term?  we have to wait and see.  some of us won’t last that long – i’m 74.

 

ipso facto @ 18:09

Posted by Maya @ 20:25 on July 15, 2018  

Most people do not understand the prevailing attitude we have on this island about living with a volcano.  I adopted it early when I was stunned by the geology of this place… like nowhere else on earth.  I learned decades ago to respect the power of the volcano, and yes, I chose my location carefully.  Lower Puna south of the rift ridge are Pele’s lands, and I was always mindful of that when I explored there…. but I would not live there.  I stayed north of the rift zone.

There is nowhere completely ‘safe’ on the south half of the Big Island within the domain of Mauna Loa or Kilauea volcanoes. (Yes, we have TWO active volcanoes here!) Even the city of Hilo was threatened in 1984 when Mauna Loa erupted and sent a lava flow down to the outskirts of town before it stopped.

I have always had a kind of supernatural relationship with the volcano over the years.  Respectful from a distance, but Pele seems to like to display her power shows for me to enjoy.  Close, but not harmful to me, at least.   I enjoy her ‘fire in the sky’ every night from my home, and I could easily enjoy it for another 35 years!  🙂

 

PONZI WORLD–7-15- Unfortunately, the yield curve is not only right as always, but this time it’s inflicting far more damage than it would normally

Posted by Richard640 @ 18:22 on July 15, 2018  
One thing Wall Street and Fed have in common is that they believe they are smarter than reality. Unfortunately, the yield curve is not only right as always, but this time it’s inflicting far more damage than it would normally. Especially to banks…
 
 
 
 
By ignoring the yield curve, the Fed is over-tightening which means they are decimating yield plays, commodities, Emerging Markets and ironically now even banks. Normally Financials benefit from higher interest rates, however, when long-term rates stop rising due to economic deflation, the bank rally ends. 
 

Aside from three Tech stocks leading the market, there is no support, as late cycle Energy plays get crushed by Oil Wars 2.0.

As we know, the yield curve is merely the spread between long-term and short-term rates. Here we see why this cycle is “different” because long-term rates never rose as the Fed tightened. There was too much slack in the economy due to another decade of outsourcing:

http://ponziworld.blogspot.com

**************************************************************************

The end is nigh, brother, the end is nigh!

World markets are like a pie crust stretched across the roof of a volcano!

Fu Manchu is about to pull the lever to the trap door!

Warbucks signals the trusty  Punjab to cut the cords of the rope bridge!

Grease the skids! Happy tobogganing!

Maya

Posted by ipso facto @ 18:09 on July 15, 2018  

I guess if it’s not affecting your life … good job on choosing your house site. I’m sure you looked into things beforehand.

Perhaps a better grade of offering next year! 🙂

treefrog @ 15:23

Posted by ipso facto @ 18:05 on July 15, 2018  

Hopefully the Demos are moving away from what most people believe but there are also many younger people who think that socialism is a viable system. What we need is a No War No Empire Party.

ipso facto @ 10:10

Posted by Maya @ 16:50 on July 15, 2018  

RE:  Lava flowing for 35 years getting tiresome.

Actually, the lava HAS been flowing for the past 35 years, but it was from the Pu’u O’o vent.  That flow demolished the Royal Gardens subdivision in Kalapana in 1983, and continued to flow to the ocean until this year when the big earthquake caused all these changes in the volcano.  The old flow was within the national park boundary and didn’t come near any habitation areas… just wilderness out there.

The current lava flow is problematic because there are nearby subdivisions and homes that are adversely affected.  But I’m OK with it all as long as the flow channel stays stable and doesn’t spread into more habitable areas.  We all stay hyper-aware of any changes in the flow, but in it’s present form it has done about all the damage it can.  It could flow like this for another 35 years without causing too much more disruption.

We live on a volcano, and we all know that Pele is our neighbor and ulitmately these are Pele’s lands.

ipso,

Posted by treefrog @ 15:23 on July 15, 2018  

moving leftward is moving away from the center, where the majority resides.  sounds like a death spiral.

“we went left, and that didn’t work.  must be we didn’t go far enough…”

 

36905900_450355268770049_5747117849269239808_n

goldielocks

Posted by ipso facto @ 14:13 on July 15, 2018  

At the end of the day if you have to take time for yourself …

Demos moving to the left

Posted by ipso facto @ 14:11 on July 15, 2018  

Dianne Feinstein Loses California Democratic Party Endorsement To Upstart Progressive

The wave of far-left and socialist candidates triumphing over long-serving establishment figures continued Saturday night as former California state senate leader Kevin de Leon defeated Sen. Dianne Feinstein for the endorsement of the state Democratic Party, according to the Los Angeles Times. By winning, De Leon joins Alexandria Ocasio-Cortez and a handful of other left-wing candidates, many of whom were endorsed by the Democratic Socialists of America, in a wave of victories that are pushing the Democrats further and further left ahead of the 2018 midterms.

https://www.zerohedge.com/news/2018-07-15/dianne-feinstein-loses-california-democratic-party-endorsement-upstart-progressive

E-Mail Between on Long Island NY and a brother in California

Posted by Mr.Copper @ 13:20 on July 15, 2018  

NY

Maybe that’s why rents are so high here lately. I’m hearing things like…

 “The interest rates are so low, older people are emptying bank accounts, and buying houses cash for their kids or grand kids etc. or…”
Massive buying by foreigners with cash in NYC. They pay real high, and drive the native sellers out of NYC and buy on Long Island and pay too much and still have cash left over. One of them paid $469k next door to John in Bayshore. A $300 k neighborhood.
In some cases people are afraid of a financial collapse and buy houses instead of Gold for protection. Sometimes it looks like panic buying going on before interest rates go up. I spoke to a real estate lady recently and she sees problems ahead.
“In May went to Florida, everything was fine.” When she came back? Everything was different. “Nobody showing up at open houses”. I think while they tell us about all the deportations, at the same time there is mass migration into NYC.
Ca.
out here the foreigners are buying up LA…..not the suburbs where we live…Especially the Orientals…..seems like they’re used to the congestion and dont mind being crowed in the major cities….aaaannnnnd, they have money and buy cash many times..unlike LI , theres alot more city to choose from . So CAL IS HUGE and spread out…..many different directions to go. …not just east an west…Anyway, I dont plan on ever selling this house so the value isnt important, although the value has gone up since the crash. Market value presently about $600….I paid $725,000 put $75,000 in it .I suppose with the “right” buyer, I could get my money back only because the place is very unique and stunning.All the people that see it,….. you know, delivery people, workers, etc always remark about it I’ll stay put right here I like this place and it’s nice n private too……..
NY
Interesting. Not surprised. The media makes everybody think we are stopping and deporting immigrants, but in reality the USA is getting FLOODED with mass immigration. I took a ride yesterday to the Amityville beach with my new I-phone to take a few photos.
Fist thing I noticed, where the boat launch ramp is, only two people went out on the water. Years ago in the summer, on a Saturday, there would be 10-15 mariners out. A lot less use of boats. Then I noticed the parking lot near the beach. Maybe 10-15 cars? Years ago on a Saturday in the summer the lot is packed with cars.
So I walk to the end of that pier that goes out into the bay for photos looking back towards the beach and pavilion. A friendly guy there crabbing. He says “I’m new here, came from China, I live in Farmingdale” A few minutes later a friendly talkative young lady comes up too and starts chatting. “I’m from Morocco”.
Now I’m looking across to the other pier where the float with diving board is. I remember the first time I ever swam to that float was with you and Stephani by my side when we were kids. It was always crowded. There was absolutely nobody on it.
Now, I’m taking photos towards the beach, not many people, and I’m saying to myself, if I just saw 2 out of 2 foreign imported people on the pier, I have to assume the hand full on the beach are also foreigners.
Basically the fake money that Americans gleefully spent on imports (not me) all these decades is now in the hands of foreigners  (claim checks) hitting us in the face, buying the land and property from under our feet with fake money.

Mr Copper 11:25

Posted by goldielocks @ 12:35 on July 15, 2018  

What disgusting kind of people were they or him. We’re his ancestors slave owners or just criminals?
You can refer back to your previous post with that one and good point.
“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” (1933, Statement on National Industrial Recovery Act)

Ipso–Henry Ford had great insight…

Posted by Richard640 @ 12:33 on July 15, 2018  

Ipso

Posted by goldielocks @ 11:48 on July 15, 2018  

Here’s why your supposed to rest a couple of days, ice it and elevate it. RICE Yesterday it turned into a blistering hematoma. Two days work to go. Only other person who can take over has to pick up her elderly dad at the airport in another city. Lol He’s on limited income so that’s as far as he can get so asked his daughter to pick him up in San Francisco, heavy traffic there too. The Asians who though of daughters as unimportant probably never expected to get old.

True Story

Posted by Mr.Copper @ 11:25 on July 15, 2018  

Two guys I know, many years ago, had a small fuel oil delivery business, with only one employee. The employee asked them for a raise. They discussed it and said…

“There’s no sense giving him a raise, he’ll just spend it” 🙂

Business man to Congress…”Geez, we can’t give them raises, just give them loans.” 🙂

Big Banking and Big Business Caused The First Great Depression

Posted by Mr.Copper @ 11:05 on July 15, 2018  

To get out of the depression? After 1937?

F.D.R. Makes the Case for the Minimum Wage.

In the more than 75 years since Congress first enacted a federal minimum wage — at 25 cents an hour — lawmakers have increased it nine times, reaching the current level of $7.25 an hour in 2009. And with every increase the same objections have been raised.

Today, instead of dismantling these arguments on my own I decided to get a little help from President Franklin Delano Roosevelt, who had to fight Republicans, conservative Democrats, the Supreme Court and corporate leaders to pass the initial minimum wage in 1938.

Objection: Raising the minimum wage will hurt business and reduce employment.

“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” (1933, Statement on National Industrial Recovery Act)

Objection: $10.10 an hour is too much, maybe $9.

“By living wages, I mean more than a bare subsistence level — I mean the wages of a decent living.” (1933, Statement on National Industrial Recovery Act)

Objection: Once you add in public assistance and tax credits, $9 an hour is plenty, and business could survive that.

“Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company’s undistributed reserves, tell you – using his stockholders’ money to pay the postage for his personal opinions — tell you that a wage of $11.00 a week is going to have a disastrous effect on all American industry.” (1938, Fireside Chat, the night before signing the Fair Labor Standards Act that instituted the federal minimum wage)

Objection:   The minimum wage is a government mandate that interferes with the free market.

“All but the hopelessly reactionary will agree that to conserve our primary resources of man power, government must have some control over maximum hours, minimum wages, the evil of child labor and the exploitation of unorganized labor.” (1937, Message to Congress upon introduction of the Fair Labor Standards Act)

It took five years from F.D.R.’s first inauguration in 1933 to enact the federal minimum wage. The period encompassed “Black Monday” on May 27, 1935, when the Supreme Court invalidated the new labor standards in the National Industrial Recovery Act of 1933, and “White Monday” on March 29, 1937, when the Court reversed course by upholding the minimum wage in Washington state, setting the stage for passage of a federal version.

Today, with census data showing that one third of Americans are either in or near poverty, the arguments in favor of an adequate  minimum wage are still compelling. The difference is that the minimum wage has gone from being a bold advance  in labor law to a basic tool for broader prosperity, albeit one that Congress has failed to deploy fully. That is a shame. What F.D.R. said in 1938 about establishing a minimum wage is also true about raising it: “Without question it starts us toward a better standard of living and increases purchasing phttps://takingnote.blogs.nytimes.com/2014/03/07/f-d-r-makes-the-case-for-the-minimum-wage/owner to buy the products of farm and factory.”

Comment:

My view? High taxes, fake currency exchange rates, and globalization killed jobs. Allowing minimum wages to “melt away” after 1971, created more jobs. The less you have to pay each one? The more people you can hire. But they go on food stamps and can’t pat taxes spend money.

Letting minimum wages “melt away” created millions of jobs to over ride the loss of exported jobs. Basically the Gov’t (big business) gradually created a low pay subsidy, making it easy for new businesses to start up. If minimum wage was $3/hr today? I would hire three of them as servants.

But the masses gradually got poorer after 1975, so loans or credit limits were extended to maintain living standards, and then came the melt down in 2008. After 2008 a gradual reversal of the bad trends that started, but didn’t do much.

The Trump group seems to be in a panic mode to bring jobs back.

Richard640

Posted by ipso facto @ 10:52 on July 15, 2018  

Reminds me of Henry Ford … same strategy, pay your workers enough to buy the products they produced …

Concentrating the wealth in the hands of just a few is a recipe for trouble. I don’t think it could happen to such a radical extent as now without the use of fiat money. The tool of the magicians.

Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy

Posted by Richard640 @ 10:21 on July 15, 2018  

Three decades ago Lester Thurow, an MIT economist who passed away in 2016, explained today’s problem in a forward to the book by Ravi Batra, The Great Depression of 1990. Although Batra WAS A DECADE AHEAD of the 2000 financial meltdown, Thurow nailed the problem that was in store for the U.S. Thurow wrote:

“Depression is seen as a product of systematic tendencies for the distribution of wealth to become concentrated among a few. When this happens, demand eventually sags relative to supply and long cyclical downturns commence. Unlike some cyclical analysts, Batra believes that such cycles are not inevitable and can be controlled with social policies essentially designed to stop undue concentration of wealth from developing.

“Essentially, the economic problem is like that of the wolf and the caribou. If the wolves eat all the caribou, the wolves also vanish. Conversely, if the wolves vanish, the caribou for a time multiply but eventually their numbers become too great and they die for lack of food. Producers need consumers, and if producers deprive workers of their fair share of production income they essentially deprive themselves of the affluent consumers they need to make their facilities profitable. One could think of Batra’s argument as a kind of economic ecology where there is a ‘right’ environmental balance.”

http://wallstreetonparade.com/2018/07/these-charts-prove-its-time-to-break-up-the-big-wall-street-banks/

I’m hoping they come out of these meetings wearing rings with “the date” to be set!

Posted by ipso facto @ 10:16 on July 15, 2018  

Trump on Putin meeting: “I go in with low expectations”

https://www.cbsnews.com/news/trump-russia-low-expectations-putin-meeting/

Maya

Posted by ipso facto @ 10:10 on July 15, 2018  

The lava might flow for “35 years”

that would get a bit tiresome!!

goldielocks

Posted by ipso facto @ 10:08 on July 15, 2018  

Hope your foot heals fast! What a bummer!

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.