Posted by goldielocks
@ 13:25 on April 5, 2024
Nope not a sheep, I hope, I was one of those women. In my case I wanted to work though. Maybe not that many hours and not bankers hours or easy on child care, another deduction from your check. But look back at cost of living then plus they didn’t have medical insurance they had to pay part of it even workman’s comp then that I remember, 401k plans they also contribute to.
Oh yeah and paid vacation. So what these chains are doing in these kind of jobs don’t give them full time but like 6 hours shifts. Even at 20 a hour esp 6 hr shifts minus taxes, gas or maybe child care isn’t enough for cost of living here. So both employees and business and add on regulations are getting ripped off by the people causing the inflation to pay the government welfare gravy train for themselves.
Posted by Mr.Copper
@ 13:13 on April 5, 2024
Evidently, the ONLY reason the pizza chain got in business and survived, was with artificially LOW wages. Don’t you think the global deep state engineered the low wages to CREATE cheap replacement jobs to replace off shored jobs? They FORCED wives to enter the workforce. Doubled the workforce with half pay jobs.
Posted by goldielocks
@ 13:09 on April 5, 2024
Right, trading hasn’t been sane since it went mechanical. It should be outlawed.
If he doesn’t want to worry about the drop he could day trade or put in trailing stops but it is ridiculous. Like some game and it’s not a game, it’s people’s money they’re messing with like they’re fixing the numbers. That’s how they can get killed to when their auto trades go against them, especially if their short and market gets flooded with buys.
Posted by goldielocks
@ 12:59 on April 5, 2024
Yep a pizza chain immediately laid of I think over a 100 employees. Plus prices will go up again.
Posted by Mr.Copper
@ 12:54 on April 5, 2024
” and many fast food workers now are out of a job.” and yes “THOSE WHO RULE THE WORLD taking more and more of the wealth”
Try to understand what a transition is. Its like a change from square to round. The system is trying to right itself from 50-60 years of non sense decisions by idiots. Trying to spread US wealth around the globe. So the trend re wages is they are too low. So there will be pain as things change for the better.
These bozos that were able to even open a McDonalds was because of low wages. My friend opened 8 stores because of low wages. He created 65 retail jobs to replace manufacturing jobs. At the end of his life he had 26 houses. If he was FORCED to pay a livable wage, he would only have maybe 13 houses.
Same with McDonalds. The guy buys one, makes big profits and buys two more, before long he owns 26 McDonalds. If he was FORCED to pay a livable wage, he might own only 12 McDonalds. So its a survival of the fittest situation as things change.
In other words, the system can’t survive anymore. People only have one wife to send to work, no guys have two wives to send out. So the system NEEDS higher wages to eventually get wives OUT of the workforce. By the way, most well run businesses can afford to pay double or triple if they are FORCED to like in 1938.
What was the purpose of minimum wage in 1938?
among the several states.” FLSA was a comprehensive federal scheme which provided for minimum wages, overtime pay, record keeping requirements, and child labor regulations. The purpose of the minimum wage was to stabilize the post-depression economy and protect the workers in the labor force.
Posted by Richard640
@ 12:53 on April 5, 2024
When HFT bots sniff an uptrend and can ramp the NQ futures 100 points on tiny volume at lunch time….. this is the biggest problem….
When a market can’t have a reasonable correction and consolidation even intra fkg day – and just endlessly ramps – eventually the game of musical chairs / chicken with money comes to an abrupt end with a big rinse…
Its often the case that these rug pulls catch everyone out – the mechanics for them are entirely caused by trend following robotic pump so it makes sense that the down moves will be equally as nonsensical. All happy times when it’s moving up and total confusion when it finally fkg has a reasonable pull in.
If you turn all the bots off and all the nonsense of intraday mechanical inane trend following you will be able to have normal consolidation and normal corrections….
Otherwise enjoy the fkg ride !
Don’t get on a rollercoaster if you want a nice smooth freeway…
Posted by Buygold
@ 12:46 on April 5, 2024
Taiwan, now NY.
I imagine this is just the beginning of what we’re about to see.
Nice strength today, hopefully this is just the beginning as well. Nice to see the shares pick up steam.
Posted by goldielocks
@ 12:46 on April 5, 2024
They said it was felt across the states. The earth is shifting so especially costal states will get them. Have you ever seen a future map of what your state will look like hundreds of years from now?
It’s it’s still on Fox news now and has been non stop. There’s different kinds, shaking, rolling. The was shaking. Bigger shaking gets really loud and thunderous but if you get that you’ll be in a big one so if your by a door just get out fast and away from buildings, power lines or trees. If you can’t take cover. Rolling type is quiet.
That 4.7/8 they can’t decide is just like a trembler. I felt sorry for the woman doing sign language. They’re making a big deal about it because they never had one in their life time. The were naming all these names of different people, many names instead of this or that department and unlike most other things you can sign you have to finger spell out those names. When you see them moving their fingers all around those are letters. At home they can use the first letter of a person you know or relative but not one you don’t know. Well all I can say is that’s one thing they can do well, respond to earthquakes. However with those old buildings if the get a 6 or above it’s gonna be bad. Stay away from and walls that are to the outside in those high rises, they could collapse and you could fall out.
Posted by Mr.Copper
@ 12:42 on April 5, 2024
“based off previous bulls and how much room their long term indicators have to rise.”
I don’t know anything about the Adens. But by what you said, they don’t really know too much about the system. How can they use previous bull markets for a reference??
They don’t matter anymore. The old system in my view simply started ending long ago and its in a transition. The Fed power is ending and the system is in process of righting itself, its at the end of the trend.
I think Gold could hit $2,600 this year. It really belongs at $2800 today to adjust for inflation of $140 gold in 1974 times 20 which is $2800. Its trying to right itself.
Posted by ipso facto
@ 12:35 on April 5, 2024
The only problem with raising the minimum wage is that it causes unemployment … as seen recently in CA where they raised the min wage to $20 and many fast food workers now are out of a job.
I think much of the problem can be traced back to THOSE WHO RULE THE WORLD taking more and more of the wealth generated in the country. There is less and less for those in the bottom 80%.
Posted by Maddog
@ 12:28 on April 5, 2024
Re where will it go
The Adens have been calling for a PM bull mkt to last into 2026/7…based off previous bulls and how much room their long term indicators have to rise.
Posted by Mr.Copper
@ 12:04 on April 5, 2024
I don’t think Silver is the key anymore. Its been lagging gold a long time. If anything, I think gold going higher will drag silver up.
Re your “we’ve been on lockdown for the last 13 years” that trend bottomed in early 2016, and I called it back then at $1160. The next bottom $1622 I called it was around Oct 2022.
The most recent low was around $1845 in September October. and I called that bottom too. And that break out to $2150, convinced me Gold will continue higher above $2100 and we’ll probably never see it below $2000 ever again. Unless the idiots raise rates to 10% plus.
https://finviz.com/futures_charts.ashx?t=GC&p=m
Posted by Mr.Copper
@ 11:45 on April 5, 2024
Your: If they work and work 2 or 3 jobs and can hardly pay for food and rent and will never be able to afford a house isn’t that a lot like slavery?”
Yes sort of, but in reality slavery provided food medical care and a home. Minimum wage today does not. The young people did very well from 1945 until its peak in 1970. THEN all the IMPORTS started coming in. By 1975 I knew the future was going to be bad.
Minimum wage today needs to be $40 to $50/hr for entry level to move out of the home, buy a car and get married and have kids like I did after graduating high school in 1962. Anybody that bought imported cars was eating apples from the wrong tree.
Posted by Mr.Copper
@ 11:20 on April 5, 2024
From $250 per oz in 2000 to $2340 today is 10% per year. No property taxes or maintenance. Real estate only runs about 4% a year, plus expenses.
Posted by Mr.Copper
@ 11:12 on April 5, 2024
I’m about 100 miles east on the south shore of L.I. and it shook my place east and west, by looking at the tv.
Posted by ipso facto
@ 10:56 on April 5, 2024
If they work and work 2 or 3 jobs and can hardly pay for food and rent and will never be able to afford a house isn’t that a lot like slavery?
Posted by ipso facto
@ 10:50 on April 5, 2024
That seems to be a new grift for the Blackhawks of the world … buy up all the houses and rent them to the citizens (serfs) If they rent them to illegals on the taxpayers dime then that’s an added bonus.
Posted by goldielocks
@ 10:48 on April 5, 2024
That’s nothing but I guess they’re not used to it. If they get a strong one though they might have a problem with all those old high rises not built to code for earthquakes. All those people living in that little space is gonna be a big homeless problem and would take years to rebuild.
Posted by Maddog
@ 10:40 on April 5, 2024
Posted by goldielocks
@ 10:34 on April 5, 2024
That’s a good one.
I think the new squatters they’ve invited in might help solve the BlackRock and cohorts plans to buy up all the rentals and single family homes in the country. They might get the idea it’s too much trouble.
They pulled that on me once years ago. I waited till they left, took their stuff put it in my garage and locked the house up and left them a note they have 30 days to get their things out of my garage. They thought I was going to have to go through the court. They came back a month later got their stuff and left.
Posted by Buygold
@ 10:34 on April 5, 2024
in the spot market but buyers keep matching them blow for blow. Surprisingly strong.
Shares need to bust loose of the 260 HUI area.
For once I’d like to say about pm’s that they can go up longer than the banks can stay solvent. 🙂
Everything has always been about what the banks are doing. Be nice if that changed.
We’re up what 15% this year so far in gold? That’s nothing compared to what we’ve seen some stocks and Bitcoin do, and nothing compared to what gold did in 79-80 market. There’s so much money sloshing around out there that if we even got 1% of it, everything pm would go ballistic. There should be huge pent-up demand.
Wow, someone is covering right now. Beautiful.
Posted by ipso facto
@ 10:29 on April 5, 2024
Do aliens Reside on Earth in the Guise of Human Beings?
Yes (32%, 10 Votes)
No (32%, 10 Votes)
I don’t know (29%, 9 Votes)
Yes, I am one (6%, 2 Votes)
Total Voters: 31
Posted by goldielocks
@ 10:25 on April 5, 2024
Says here condensed that inflation isn’t going down so he better not cut rates and will consider doing so in 4 th quarter if inflation is under control.
https://www.reuters.com/markets/rates-bonds/feds-powell-repeats-there-is-time-deliberate-over-rate-cuts-2024-04-03/
Posted by ipso facto
@ 10:24 on April 5, 2024
Posted by ipso facto
@ 10:16 on April 5, 2024