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Captain Hook @ 10:03, Maddog @ 10:56

Posted by ipso facto @ 11:38 on May 12, 2020  

Trudeau makes me nauseous. The globalists sure aren’t letting this “opportunity” go to waste.

Some big changes happening … and not mostly for the better. A good time to get out of the city and retreat to somewhere where the effects will be less, maybe plant a bigger garden. Thomas Jefferson must be rolling over in his grave.

Ipsofacto

Posted by Maddog @ 10:56 on May 12, 2020  

Re Trudeau

He ain’t alone, the Bozo gu’mint has just published a 50 page guide on their latest abject thinking about Bat Clap and among the dross, is this pearl of 24 carat idiocy.

UK Govt: Coronavirus Is Terrible, But on the Upside the Country’s Carbon Footprint is Falling

https://www.breitbart.com/europe/2020/05/11/uk-govt-coronavirus-is-terrible-but-on-the-upside-the-countrys-carbon-footprint-is-falling/

Plus heavy rumours that a major Green stimulus package will be produced, to stimulate the economy…..

Moment of Truth

Posted by Buygold @ 10:48 on May 12, 2020  

Do we get hit with the SM or do we get stronger?

USD getting beaten a little, rates down on the 10 yr. a bit

Never know, there seems to be a buyer in gold somewhere in the $1680-$1700 range propping things up.

Alex Valdor @ 8:02 re ARSE for SARS, I like your sense of humor. :)

Posted by Mr.Copper @ 10:48 on May 12, 2020  

It’s a gift—W.C Fields

Posted by Richard640 @ 10:15 on May 12, 2020  

Trump tweeted something psitive about negative interest rates-I think that spiked gold–shouldn’t last long

Posted by Richard640 @ 10:04 on May 12, 2020  

As if gold needed anothe “macro” reason to go up….it should already be $2500 at least…instead its fighting for its life trying to hold the $1700 line…pathetic!

Trump Says US Should “Accept” Negative Rates: “It’s A GIFT”

“As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the “GIFT”. Big numbers!”

ipso facto @ 9:50

Posted by Captain Hook @ 10:03 on May 12, 2020  

What you would expect from a known globalist.

Gotta pay for world domination somehow.

Chuckle

Canada will be just like Cuba 5 years from now once they take all the guns away.

Then this new universal basic income will go from $2000 a month to $30 too.

Have a nice day.

Oh Canada

Posted by ipso facto @ 9:50 on May 12, 2020  

Trudeau makes Covid-19 aid intended to ‘save Canadian jobs’ conditional on meeting climate change goals

“In addition, recipient companies would be required to commit to publish annual climate-related disclosure reports… including how their future operations will support environmental sustainability and national climate goals.”

Asked whether the aid would be given to oil and gas companies, Trudeau said the government expects them to “put forward a frame within which they will demonstrate their commitments to reducing emissions and fighting climate change,” and that many have already made commitments to net-zero emissions by 2050.

https://www.rt.com/news/488393-canada-covid-climate-change/

Gold miners’ profits ‘set to explode’, but companies persist with no-premium mergers

Posted by ipso facto @ 8:58 on May 12, 2020  

https://business.financialpost.com/commodities/mining/gold-miners-profits-set-to-explode-but-companies-persist-with-no-premium-mergers

Do the Chinese think that Australia is a vassal state? Evidently

Posted by ipso facto @ 8:34 on May 12, 2020  

Futures Slide After China Punishes Australia Over Coronavirus Origin Probe, Bans 35% Of Beef Imports

https://www.zerohedge.com/markets/futures-slide-after-china-escalates-trade-war-australia-imposes-beef-import-ban-over

aufever … can you log in now?

Posted by ipso facto @ 8:14 on May 12, 2020  

Mr. Copper : re SARS

Posted by Alex Valdor @ 8:02 on May 12, 2020  

I had a better acronym to describe the guy who came up with the term SARS ;
Acute Respiratory Syndrome Epidemic ….ARSE !

GLD & SLV still not tracking

Posted by Buygold @ 7:45 on May 12, 2020  

today however they are trading higher than the spot price – go figure.

Works for me, turnaround Tuesday? Back above $1700?

Captain Hook 24:42

Posted by goldielocks @ 3:06 on May 12, 2020  

Hope they don’t get the money. Besides a violation of the 4 th Amendment they’re using this virus to fund themselves. Be vaccine manufacturers, grouping like WHO that was useless and bias they are a network trying to monopolize while using this to trample on our privacy, choices, economy to undermine Trump and liberties. Next will come the mandatory vaccinations or else. Oh and you pay for it which pretty sure a lot of that money will be going into back pockets.

Sidestepping TRX for WPM was the best move I ever made

Posted by eeos @ 1:54 on May 12, 2020  

Uncle Jim flopped with this one. He did a good job destroying it, what a train wreck

TRX nice move today !

Posted by Ororeef @ 1:41 on May 12, 2020  

trx-nice

Cop and special forces vet who stood up for the constitution fired.

Posted by goldielocks @ 21:22 on May 11, 2020  

The brown shirts including the Governor fired him for encouraging other officers to not violate the constitution and extort money from citizens just because someone said so. That they are not committing crimes for letting their kids play on play ground or earning a honest living so what are you even charging them with? They ordered him to take it down and would force him to admit to violating policy’s and he respectfully declined. Policy’s of tyranny? They protect the dirty cops fire the good cops.
Luckily a friend of his wife put go fund me page going a getting a few hundred to a 1000 every 2 minutes. I hope he gets a million just to spite the Governor and administration doing the corrupt bidding. He has three kids.
https://www.gofundme.com/f/support-officer-anderson

Hawaii Virus Stats

Posted by Maya @ 19:41 on May 11, 2020  

Total cases: 634 (2 newly reported)
Hawai’i County: 75
Honolulu County: 410
Kaua’i County: 21
Maui County: 117†
Pending: 0
Residents diagnosed outside of Hawai‘i: 11
Required Hospitalization: 81‡
Hawaii deaths: 17
Released from Isolation: 561§
Cumulative totals as of 12:00pm, May 11, 2020

Two new cases in Honolulu.

@Ororeef – Jim Sinclair

Posted by commish @ 19:06 on May 11, 2020  

Everybody should give a watch to the interview. Sinclair at the age of 79 still has his wits about him.  Connecting the virus and the thought of the monetary destruction that was bound to happen.

Update with Jim Sinclair

Posted by Ororeef @ 16:56 on May 11, 2020  

Jim Sinclair https://youtu.be/RDZQoQ61RrY

Ororeef

Posted by goldielocks @ 15:50 on May 11, 2020  

Great to see dad out there teaching the kids. I was the only girl back when they’d let play on the boys little league as a teen but only practice games not official. Only difference than girls softball was they threw faster overhand and so fast it made it harder for me to hit a home run which I was famous for pulling the Babe Ruth telling them where it’s going. The resistance at that speed made it harder to counter when you swung the bat actually. I never told them where it was going either they had enough edge.
He’s teaching the boys just that. To go get it and don’t stop but follow through.

From 2007 Real Estate Crash “Credit Crunch” Joe Six Pack Screwed The Banks and Bond Holders

Posted by Mr.Copper @ 15:43 on May 11, 2020  

Huh? Credit crunch??? Totally wrong terminology, s/b ‘because some Americans stopped paying’ their bills.

The stupid media kept warning us about the huge damage China would cause the US economy if they rotate their reserves away from US bonds, right?

The media said it would be terrible, it would drop the dollar and raise rates, bla bla bla, and ha ha ha, it didn’t happen and here we are with loads of damage.

Here it is, right under our noses, a few of our own US citizens stopped paying their loans, and presto, a calamity unfolds, far worse than China’s threat.

We KNOW it’s a calamity because one of the dumb as stump monetary authorities said they would NOT drop unless there was a calamity and a week later we have a banker caused calamity. Not China. They just poison us and put us out of business. 🙂

Anyway they dropped a half point, because loans can’t be had, and the stock market crashed and the bond market froze up.

The same or worse results as the China threat causing high rates, and a damper on borrowing.

They always redirect the people’s attention to the wrong place.

Nobody said a WORD, not ONE word, not one warning, about a disaster from within the US economy simply because a growing number of the US population is getting poor and can’t pay their bills.

The bankers KNEW the people were poor, that’s why they lowered the loan standards, so unqualified borrowers can get money.

And the real injustice is, lots of the loans were transferred FROM banks to innocent public share buyers.

The Next Good Run?

(Mr.Copper) Aug 19, 19:34

I suspect the stagnant rates were actually acting as rising rates. Bogging us down. They should have never raised them in the first place.

They lowered them to 1.25% to get the “top spinning” real good, and while the top was spinning and gaining some sub prime momentum, they were able to RAISE the rates without the slowing affect because of time lag.

Well last week time caught up to them, and we got a real good hint that the situation has changed or reversed and rates will start dropping again. They’ve got only 5 and 1/4 points to work with now, jerks that they are boxed themselves in. 🙂 So now, the question is, how fast will they drop their pants?

They’ll probably panic again because they waited too long. And the next run will begin. Imo of course.

@SeattleMan @Mr.Holbroke

(Mr.Copper) Aug 19, 19:58

Roger on those responses from last night.

Another thought on the prior post. When those innocent unfortunate people stopped paying on their loans?

What they unwittingly did, TO the Fed, was the exact same thing as raising the rates on the US economy all by themselves, without the Feds blessing or permission.

I can’t stop smiling here. 🙂 Now the fed has to fight the victims’ actions. If this wasn’t a sucker punch, right in the Feds kisser, I don’t know what is.

They are on the defensive and getting punch drunk.

 

Here’s Another From 2003 SARS Epidemic

Posted by Mr.Copper @ 15:33 on May 11, 2020  

SARS, Another example of misleading terminology.

(Mr.Copper) Apr 08, 21:10

This one wasn’t mine, and I was very surprised to find it in my newsletter.

“Severe Acute Respiratory Syndrome” Why “severe acute”? Wouldn’t one of those words do well?

“Acute” might sound too cute, and “severe” doesn’t quite describe how lethal this new virus is.

Viruses are normally named from where they originated, but it would be politically incorrect to call this ”Chinese flu.”

Chinese authorities suppressed information in it for three months.

We don’t like the name SARS, and instead intend to call it “Killer Pneumonia”

I’ll make it one better… “Chinese Killer Pneumonia” CKP Virus

ZH=As U.S. Slides Into Depression, Consumers Have Never Been More Bullish On Stocks

Posted by Richard640 @ 15:26 on May 11, 2020  
Well, Economist David Rosenberg, you should have turned bullish because since April 6 – when you tweeted this and when consumer expectations for higher stock prices hit a record high for the first time  – stocks are up 18%!
Of course, since everything is now batshit insane thanks to the Fed, and designed to make trading so easy, 5 year old children can literally outperform hedge funds, this was precisely what we warned would happen one month ago:
Oh David, “since when” do you still think that anything you observe in this economy or market, both stuffed to the gills with trillions and trillions in freshly printed fiatscoes, matters or makes sense. And to answer your question: bear markets end when the Fed says so, and proceeds to do to stocks what it did to IG bonds – and start buying directly. 
Continuing our address to the bearish bond strategist, we also said “David, you may want to reasses your nothing can beat deflation thesis. Albert Edwards already has, and has said farewell to his “great ice age” thesis that defined his work for the past 30 years.” Also read Paul Tudor Jones’ latest letter which laid it out best: “We are witnessing the Great Monetary Inflation (GMI)—an unprecedented expansion of every form of money unlike anything the developed world has ever seen.”
We ended our rhetorical address to Rosenberg by asking “how long it will take you to realize that we now live in a time of helicopter money and that markets – by any definition  – no longer exist, and what comes next it a tsunami of debt and money much of which will finally make its way, kicking and screaming into the broader economy.”
Ironically, what this career economist, reformed bear (who can forget the brief period in Rosie’s career when he turned bullish in his early years at Gluskin Sheff before returning to his bearish roots) and widely-respected bond strategist still can’t grasp is by now all too clear to every Joe and Jane Sixpack on mainstreet, that the only thing that matters is this:

How About An Old Post From 2003???

Posted by Mr.Copper @ 15:25 on May 11, 2020  

Anybody notice how they make things sound better on the news?

“Lots of money on the side-lines” How about, lots of DEBT on the sidelines?

Another one, “double dip” are they trying to remind us of an ice cream cone, while talking about a bad economy?

How about “sub prime loans” instead of risky-dead beat loans. Why is the word ‘prime’ there? To remind us of steak?

Even the word “inflation” to make it sound like something is getting bigger instead of saying the dollar getting smaller.

I would love to meet the people who are paid to come up with miss-leading terminology. Why don’t they speak English?

 

@CNBC, Why don’t you guys speak English

(Mr.Copper) Oct 27, 12:29

I’m starting a collection of evasive, miss leading, ridiculous, sugar coated, terminology heard on the media.

If you guys can think of any others, please let me know.

#1 “double dip”

#2 “stealth bull market”

#3 “non-performing” (loans.)

#4 “sub-prime” (borrowers.)

#5 “accounting irregularities”

#6 “creative financing”

#7 “cook the books”

#8 “corporate shenanigans”

#9 “pro-forma earnings”

#10 “market-disconnect”

#11 “pre-rally decline”

#12 “negative growth”

#13 “negative outlays”

#14 “growth recession”

#15 “Paralysis by analysis”

#16 “chapter 11” (s/b xyz corp, is not paying their bills is better)

#17 “relief rally” (s/b dead cat bounce)

#18 “economic soft spot” New 11/14/02 posted

#18 “Waning optimism”   New 3/4/03

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