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Shoulder To The Wheel

Commentary on the present World situation light hearted and on point.

Re James Woods

He is pretty much blacklisted out of Hollywood, but gives a damn, because he bought a load of Apple shares, way back in time and is now more than stinking rich.

Fed Chair Powell Telegraphs the Perfect Storm for Wall Street’s Megabanks: Rapid Rate Hikes Hitting $234 Trillion in Derivatives

Heroes come in all sizes. pic.twitter.com/x0L4FC5aIM

— James Woods (@RealJamesWoods) April 17, 2022

I heard they wanted to have 9 and since there isn’t enough time for that they’re going to double up to .50 from .25 pts
At the same time there gonna keep printing. Wether they stick to that plan after this market drop plus their wars somehow bringing the dollar up I don’t know. From open out of control border invasions to brain dead economics anything to bleed the country.

Re the idiots and 21 % rates

exactly…they wanna give the impression that they can go there again, so all is hunky dory….but at even 5 % the debt repayment rates go mental….

All they can do is shove the mkts around to make it look OK…just like today…..but that cannot last. As u say their chickens are coming home to roost.

Good points. Maybe communism comes from poverty first? Maybe its “engineered” by big money. In one of the many economic books I read in the 1970s, it was mentioned that the Bankers or whoever, helped or supported the Bolshevik Revolution in Russia.

Because they wanted Russia to be a communist country. Evidently, the nomadic money was planned to build up the USA, (like they did with China) and they didn’t want Russian competition with the USA.  1913 was the start of global investment in the USA. We were the only capitalist country on a socialist planet at that time.

After 1913 the USA was gradually weaned of real money and real capitalism. There is no more unfettered business activity, and no more real money. How can we have capitalism if the money or capital is fake? And in a sense, the “system” took away private owned businesses and “moved” them where they were needed to raise living standards. Ours were too good.

Remember @Seattle Sun? He called it. If you own a business in the USA you had two choices. Shut it down go bankrupt, or move it off shore. Lets not forget the EPA.

https://www.washingtonpost.com/us-policy/2022/04/25/ukraine-finance-minister-aid/

Good points….Agree with Maddog’s insights as well…

No one stole those apartments. A better analogy would be if the communists came to power, seized the apartments without compensation and put the landlord into the streets.

We’ll see how fast we bounce back. If we’re down for months … that’s not so good.

Maddog talked earlier about the Fed’s game. They can’t really do what they say they can, but how quickly will this be perceived?

Its bad, its dirty pellets, but things change. Cuba nationalized all the casinos in Cuba. I’m not the bad guy. I’m just watching the game. PS North Vietnam nationalized foreign owned property too. Lets not forget Indonesia, they on occasion give trouble to FCX.

Decades ago, I lived in an apartment 1 of about 9 in three big old houses, that the land lord lived far away, and never raised the rents. It was 1979 when a new land lord took over. I spoke to him, he mentioned, these rent prices are from the 1960s. He raised them all like double.

Thats the same thing. The long term tenants “were getting away with something” and the new landlord reneged, and “nationalized” the apartments.

So very hard to be involved in this industry…..another kick in the teeth….

The communists are the ones who go back on their agreements and seize property which doesn’t belong to them.

Without foreign capitol most of those mines would never be built.

A strong dollar puts “big tariffs” on foreigners’ that want to import things we export. It kills sales. At the same time, the Strong Dollar policy creates huge discount prices on anything we IMPORT from foreign nations. That kills or shuts down domestic American producers.

Heads foreign countries win tails Americans lose. LOL. Bottom line.  The USA does not have a pro American gov’t of its own. But the future says, mechanically speaking, they can’t get away with all that old that anymore. Unless they want to shoot even more bullets into the dying American dream and kill it totally.

They worry about the consumer’s gasoline prices, pain at the pump. What about pain at the thermostat? This winter cost me $4,000 for heating oil. And all the truckers that need diesel fuel.

The idiots with low rates and gov’t backed loans like to and PROMOTE high house prices to promote or cause high property taxes and high rental prices. Tell me what good is that?

Thats another example. Anglo American a foreign based company “can’t get away with it anymore” harvesting from foreign nations. You could say its like the end of slavery. Or when woman were not allowed to vote. “They can’t get away with it anymore”.

Add to it, manipulated foreign exchange currency values, under stated CPI numbers. A reversal of the past is a good thing, because the past was a long down hill ride for profitable US production businesses and US citizens

https://greatmountainpublishing.com/2020/11/15/covid-19-is-a-smokescreen-for-5g-radiation-poisoning/

HUI should have a little support here but any support has been blow out of the water the last few days.

This is all about showing the World how big and tough the CB’s are …no matter the problem they can crush it…..it is probably their final hurrah, as soon they will be looking like the useless idiots they are, as inflation makes fools of them.

Obviously, the idiots think they can raise rates to 21% like what Paul Volker did during the 1970s. Unfortunately, it can’t work because US businesses and consumers were a lot better off financially back then.

All the wealth producing tax paying manufacturing businesses gradually went away, off shore. All replaced with tax absorbing wealth absorbing sales and service overhead jobs. Bottom like the whole country is actually poor now and can’t afford the old ways.

I’m sticking to my thoughts after the 2008 financial crisis. Way too many square pegs were shoved into round holes for decades. All the things they did that were not kosher, like looking the other way with Bernie Madoff, illegal immigration, strong dollar policy, off shoring production jobs, no doc liar loans, etc etc culminated in 2008.

Bottom line: “They can’t get away with the old ways anymore”. People and businesses and governments, and NGOs.

3 down days = 50 pts. in the HUI

Some of these juniors are just getting crushed.

HUI should have a little support here but any support has been blow out of the water the last few days.

The entire move we are seeing and suffering here, is a pure scum play, to make it look like the CB’s have it all under control, ie they can raise rates enough to stop inflation and get the economies back on an even keel….just like that.

Which of course is just dream land, there is no way they can raise rates enough to curb inflation, which is now starting to flourish a bit,…..so far we have seen nothing and considering the amount of pump priming already done, we have way more to come.

Therefore at some point as real inflation refuses to die, the CB’s ability will be questioned, as inflation grows and grows and then the rush to physical metal will really start…..as the mkts take off in a 3 rd wave .

The above fits an Elliot wave diagnosis of PM’s…this fall is a C wave…hard, big and nasty…but when it burns out we get a 3rd wave up…. v powerful and v large.

A Chilean environmental regulator has recommended that global miner Anglo American’s Los Bronces copper project not be granted an extension permit involving a planned $3.3 billion investment, the company said on Saturday.

Anglo American said Chile’s Environmental Assessment Service had issued the recommendation although a firm decision on the mine’s life extension would only come next week.

Chile recommends denying extension for Anglo American copper mine

Newmont Sees Gold Production Recovery After First-Quarter Shortfall

https://finance.yahoo.com/news/newmont-sees-gold-production-recovery-165042900.html

Wesdome Announces Filing of Technical Report for the Eagle River Complex

https://finance.yahoo.com/news/wesdome-announces-filing-technical-report-214500361.html

Jayden Completes its First Exploratory Drill Program at Storm Lake, Confirms Property Scale Gold Footprint, Defining Multiple Drill Targets

https://ceo.ca/@thenewswire/jayden-completes-its-first-exploratory-drill-program

Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake

https://ceo.ca/@newsfile/metals-creek-drills-264-gt-gold-over-2790-meters

Radius Gold drills 11.8m @ 450 g/t silver and 1.31 g/t gold and continues to expand El Cuervo Target, Amalia Project, Mexico

https://ceo.ca/@thenewswire/radius-gold-drills-118m-450-gt-silver-and-131

ABUNDANT VISIBLE GOLD PANNED NEAR HISTORICAL WORKINGS OF MINERAL MOUNTAIN’S NEWLY ACQUIRED KING OF THE WEST DEPOSIT

https://ceo.ca/@newswire/abundant-visible-gold-panned-near-historical-workings

Goldhills Closes Definitive Agreement to Acquire a 100% Interest in the Siguri Gold Project in Central Guinea

https://ceo.ca/@newsfile/goldhills-closes-definitive-agreement-to-acquire-a

Ophir Gold Corp. Announces 2022 Exploration Program – Emphasis on Newly Discovered High-Grade Gold and Silver Mineralization

https://ceo.ca/@newsfile/ophir-gold-corp-announces-2022-exploration-program

Noble Minerals Acquires a Copper-Precious Metal Prospect near Hearst, Ontario

https://ceo.ca/@thenewswire/noble-minerals-acquires-a-copper-precious-metal-prospect

Trevali Announces Mine Rehabilitation and Dewatering Progress at Perkoa Mine in Response to Flooding Event and Provides an Update on Search and Rescue Efforts

https://ceo.ca/@newswire/trevali-announces-mine-rehabilitation-and-dewatering

Eskay Mining Closes Final Tranche of Non-Brokered Flow-Through Private Placement

https://ceo.ca/@accesswire/eskay-mining-closes-final-tranche-of-non-brokered-flow-through

Steppe Gold Discovers Multiple High Grade Zinc Zones Below ATO Gold Deposits

https://ceo.ca/@newsfile/steppe-gold-discovers-multiple-high-grade-zinc-zones

Paycore Minerals Intersects 4.5 G/t AuEq over 28 m and 5.3 G/t AuEq over 23.9 m from near Surface Oxide Target, and Commences Trading on the TSXV Under Ticker Symbol “CORE”

https://ceo.ca/@newsfile/paycore-minerals-intersects-45-gt-aueq-over-28-m

Kinross announces sale of Chirano mine in Ghana

https://ceo.ca/@nasdaq/kinross-announces-sale-of-chirano-mine-in-ghana

Galway Metals Clarence Stream Resource Update Indicated: 922,000 oz at 2.31 g/t Au, up 136% Inferred: 1,334,000 oz at 2.60 g/t Au, up 382%

https://ceo.ca/@accesswire/galway-metals-clarence-stream-resource-update-indicated