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China Seizes Bitcoin Bank Accounts

Chinese police have frozen several thousand accounts of Bitcoin traders during an extensive crackdown on illicit activities, which includes transferring money out of the country as well as tax evasion. We must realize that the PRESUMPTION that we have free markets and that somehow a cryptocurrency is outside of the government fiat system is all the nice fluff used to sell them. But the closer we get to 2032, the government will NOT tolerate competition. Europe is already planning to eliminate all paper money. Do you really think they will allow people to have alternative accounts using cryptocurrencies when their objective is to force all money into the banking system with their Marxist agenda?

more https://www.armstrongeconomics.com/world-news/cryptocurrency/china-seizes-all-bitcoin-bank-accounts/

sometimes you’re the windshield.

sometimes you’re the bug.

1 bad in the SM and the TA picture in loads of PM stox turns into a horror story…..well not that bad, but a deeper correction looks on and anyone with dry powder is gonna get some great bargains….

Place yr bids..the scum will deliver great gifts.

My late wife told me long ago, ‘fantasy is always better than reality’, and ‘the longer the explanation the bigger the lie’, and she was right. I learned a lot from my wife, and many others over the decades, without having to go to Harvard or Yale. 🙂

parts:

“Phantasy is the mental expression of both libidinal and aggressive impulses and also of defense mechanisms against those impulses. Much of the therapeutic activity of psychoanalysis can be described as an attempt to convert unconscious phantasy  into conscious thought.”

“Fantasy, is the faculty or activity of imagining things, especially things that are impossible or improbable.”

Comment:

Like me and many others, “I KNOW this XYZ mining stock will skyrocket” 🙂 But lets face it, we have an educated guess because we know the Fed and US economy is bankrupt and some day Gold should skyrocket because of gov’t or Fed banker loss of ability to bash Gold, which seems to be a slowly evolving obvious trend.

Other subconscious gamblers desires to lose…

Landlord: “I know for sure this will be a very good tenant will he and pay the rent”.

Drinker: “I’ll buy that great looking younger girl a drink, and she’ll fall in lust with me”.

Captain Titanic: “We are making good time, and will get to NYC in record breaking time”

Home Loan Borrower: “I know this is a big loan, but both of us have very good jobs”.

Home buyer flipper: “The seller is an idiot, this house is a steal, and I will profit”

Fed head Powell: “We’ll just keep the rates low, bail everyone out, and the economy will recover”

Realistic Loan officer: “I don’t care if he can pay the loan off or not, I get my commission”

could turn out like my VXX trade and go to $200 to $500 a call–fUngers crossed as always…

yet their only tactic when the SM craters is to smash everything else, just like a spoilt 5 yr old child…….what hope is there.

Maddog- I also had the chance to dump the shares this am but I’m at work and this reversed quickly. Still 20% green on the year, but that can also disappear quickly. No reason to ride the trading account down, so I’ll see what happens in the last hour.

R640 – agree, if this continues into tomorrow, a Black Monday could be in the cards. In which case, all I want is cash and physical metals.

“Ninety percent of all people killed in our city — and 90 percent of all those who commit the murders and other violent crimes — are black and Hispanic. It is shameful that so many elected officials and editorial writers have been largely silent on these facts …

Instead, they have argued that police stops are discriminatory because they do not reflect the city’s overall census numbers. By that flawed logic, our police officers would stop women as often as men, and senior citizens as often as young people …

To do so would be a colossal misdirection of resources and would take the core elements of police work — targeting high-crime neighborhoods and identifying suspects based on evidence — out of crime-fighting … . The absurd result of such a strategy.

Comment: In my view Police are like soldiers, they are fighting their enemy, “its me or him” and most of the time they time they try to take prisoners. Unfortunately people die in the process, and soldiers are basically aloud to kill people and not liable. Sometimes they get a medal.

Above found below re black on black crime. Sometimes blacks move into white neighborhoods to get away from crime, like emigrants coming to USA to get away from shit hole countries. 🙂

Removed link because it created a lot of blank space. It was on www.hks.harvard.edu. black on black violence. FYI.

The REAL problem, is the majority of USA workforce in under paid. At $2.50/hour in the past we were OVER paid. Blacks dressed well in high school, bought expensive clothing in my town, and drove Caddys Buicks and Pontiacs.

By the way, everything we bought said “Made In USA”, we paid high for stuff but we paid our neighbors. Now we pay LOW to foreigners for their cheaper stuff, but pay our neighbors nothing. Except an alleged profit when they resell to their neighbors, an imported product.

Lets lot forget about the gov’t fake economists that kept under reporting cost of living inflation for decades.

Indices were climbing, oil and gasoline was climbing, the 10 year rate was inching up, (bonds prices started dropping) then Fed’s Powell shows concern out to 2022, and everything changed?? Maybe its all just a blip. 🙂

But if you think about it, the Dow SnP rally that started in April? Odds favor it may have just been a bear market rally. I think the same thing happened in 1929. All the indices except Nasdaq, have been looking questionable for a couple of years.

https://finviz.com/futures_charts.ashx?t=INDICES&p=m1

Defund the budgets of every state & city that does this..Stupid is as stupid does…The better off will simply hire Private Police Force and let the cities that de-fund have their way ! let them live with it…If blacks allow communists and anarchists to hi jack their grievances with Lawlessness the will get what they deserve..As machiaveli said “every people get the Government they deserve  ” The rest will buy a “Trump Edition”    .

Figure that one out. It shows the stupid ETF isn’t even doing what its supposed to do, track Gold lockstep. Instead its following in sympathy with the Dow.

Its amazing how the scum got away with creating those false and misleading dishonest crooked things. So if there is selling in the GLD ETF, then the managers are supposedly selling bullion to match the Dow’s sales of GLD.

But futures players are buying Gold. At the same time. Maybe if we didn’t have Dow people dumping GLD spot at COMEX would be higher. Who knows, who cares, all the numbers are false and misleading anyway.

Try to buy Gold at $1735. Try to buy Silver today at $18. It simply ain’t gunna happen. Silver Eagles are like $25/oz. Gold Eagles are $1842.

re your pats:

“The states budgets get out of hand , taxes will rise and people will leave for a better managed state.”

Comment: That trend has been ongoing

“JUST print enough money to aid in commerce , that’s how you control inflation and depression and you can END THE FEDERAL RESERVE ..The money supply controls it all.”

Comment: The aid in commerce made Americans buy imports. The start of the end of the old tired and worn out Federal Reserve has already started, with the crash of 2008, time to be happy watching them lose control.

“Its all a Power play for ego maniacs that want to tell you what to do. Communists..”

Comment: In that case I’m thinking, its the Media that has literally “raised” and “brought up” a huge proportion of the third generation of US population to be deranged and neurotic. I think it started by telling us what kind of light bulbs to use, and recently they want us to get rid of the Police Forces.

Those 3 finally have rolled over into the red but it was a struggle getting them to do so but they are still down peanuts…let’ s see by the close…I said this is an all or nothing market with no polite 2 or 3 percent pullbacks and them off to the races…so far this looks like a crash sequence has started…anything’s possible–but I kinda favor the idea of down tomorrow and then a Black Monday…and that doesn’t even factor in the idea of Trump not getting a 2nd term….wait till that sinks in to traders minds…I don’t wanna get all end of the worldish here…but a “FED failure” is happening today….once that is recognized, what sustaining fantasy will replace it for stock bulls? Certainly not the “improving economy…that’s been factored into prices 2 or 3 times over already

Should have sold all my stuff yesterday into that strength and sat this one out.

Whenever this lot looks great, the scum make sure misery is round the corner….

USD strengthening again, silver weakening. Shares need silver to move higher.

Doesn’t look like that’s going to happen.

Maddog – NEM is their favorite control mechanism, kinda thought it had a shot today before the bottom dropped out.

Now they’re coming for gold too. Should have sold all my stuff yesterday into that strength and sat this one out.

PS: YIKES!

Canada’s Silvercorp Metals (TSX, NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement they signed in April, it would have to pay the company C$9 million ($6.7m).

The Vancouver-based miner, which produces silver, lead and zinc from mines in China, originally offered C$105 million (about $75m) for Guyana Goldfields. It later improved it to C$227 million, as Gran Colombia Gold (TSX: GCM) submitted a separate, rival proposal.

Guyana said last week it had received yet another bid from an unnamed “foreign-based multinational miner”. Such offer valued the company at C$323 million ($240m), which was 35% higher than Silvercorp’s sweetened offer.

The Toronto-based miner gave Silvercorp five business days to match or improve the $1.85 cash-per-share new bid. It noted, however, that the fresh offer wouldn’t necessarily lead to a termination of the agreement with Silvercorp.

more https://www.mining.com/silvercorp-walks-away-from-bid-to-buy-guyana-goldfields/

U wonder when the management will call foul…..no normal shares get to trade like this.

If u look at the Vol on an hourly chart. u can see huge Vol spikes on down moves, where vast numbers are having to be sold to keep it down….management should demand to know how many are delivered..my guess is very few.

pretty much across the board.

Not so much the metals though.

That was pretty blatant

Third time a charm?

USD starting to lose steam again.

From what I’m seeing today, with pm’s actually sort of acting like they should, maybe there aren’t as many morons out there as we think?

Certainly I’d like to start seeing $50-$100 up days, but I’m just glad (and surprised) we’re not getting spanked with the SM.

$8900 sounds good to me.

People selling PMs in front of a massive inflation got to be either the cretins or ordinary morons!