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

I can believe Reagan was pretty much a puppet.
As they all were, excluding JFK, except Trump, as you noted.

illuminatibot
@iluminatibot
·
Nov 8
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I pretty much agree re Reagan ’81 to ’89 the jobs FLEW away. But I suspect it was his vice president Bush and his crew that was responsible. Because when Reagan was campaigning, and looking good, he was approached and told they would finance his campaign if he took Bush as a running mate.

So Bush had 8 years running the ship, then he won after Reagan and got four more years 12 total. After that, TPTB (Fed Res?) wanted to switch over to democrats, no sense giving Bush another 4 years or 16 years total.

So, they abruptly raised the rates and caused the “Bush Recession” so he lost, and right after that they abruptly lowered the rates. Generally the past presidents were best at doing the talking and getting the votes. The bribed “crew” was leading. Not with Trump though. He’s leading the “crew”.

I have never understood the fascination with Reagan.
He greatly encouraged and paid manufacturers to move our production overseas during the 80s. He oversaw the gutting of Made in America, and was a traitor in my opinion.
The one good thing that I know he did is facilitate the production of Gold Eagles. See the post below.

The legal ability for U.S. citizens to own gold was established when President Gerald Ford signed a law in 1974, which became effective on December 31, 1974. This act ended a four-decade ban on private gold ownership that had been put in place by President Franklin D. Roosevelt.

The Gold Bullion Coin Act of 1985

The origins of the Gold Bullion Coin Act are both political and economic. In part, the Act was a response to the rising popularity of foreign national coins, like the South African Gold Krugerrand and the Canadian Gold Maple Leaf.

In 1984, “more than $600 million worth of Krugerrands were marketed in the United States,” however, sales plummeted in mid- to late 1985 as a reaction to “growing racial strife in South Africa and a mounting worldwide protest against apartheid,” reported the Los Angeles Times in October 1985. Per the L.A. Times, South Africa derived half of its foreign exchange earnings from Krugerrand sales, and the U.S. was its biggest market.

Perceiving the Krugerrand as a symbol of apartheid, President Reagan banned imports of the coin effective October 11, 1985, “formally denying South Africa its most lucrative market for gold coins” and punishing the “white-run Pretoria government for its racial policies.”

While the Canadian Gold Maple Leaf Coin stood to fill the supply gap created by the Krugerrand ban, the U.S. wanted to join the national gold coin business, too, which is where the Gold Bullion Coin Act of 1985 enters into the picture.

The details of the Gold Bullion Coin Act
During the 1980s, the state of the world economy and political scene made for favorable demand for gold bullion coins. Relations between the U.S. and Russia were rough, American unemployment was on the rise, and Social Security was on the rocks—to name a few factors.

In 1984, reports Coin World, “the Krugerrand still held about two-thirds of the gold bullion coin market worldwide. By early 1986, that distinction belonged to the Maple Leaf.”

The Gold Bullion Coin Act, however, paved the way for the U.S. to compete with the likes of the Canadian Maple Leaf. It required that the U.S. Mint start producing a family of 22-karat gold bullion coins in one-half, one-quarter, and one-tenth denominations and it defined everything from the coins’ diameters to their design.

In short, the Gold Bullion Coin Act of 1985:

Directed the Secretary of the Treasury to mint and issue gold coins in $50, $25, $10, and $5 denominations
Mandated that the specified gold coins be issued in quantities sufficient to meet public demand
Required the gold for such coins to be mined from natural deposits in the U.S. or in a U.S territory, within one year after the month in which the ore was mined
Prohibited the Secretary from paying more than the average world price for gold
Allowed gold to be used from U.S. reserves in the absence of available supplies of such mined gold at the average world price
Required any profit from the sale of such coins to be deposited in the Treasury and applied towards reducing the national debt
This legislation offered support to American miners, eventually led to the establishment of the American Eagle Gold Bullion Program, and in 1986 the production of one of the world’s most popular gold bullion coins: the Gold American Eagle.

Source:
https://www.usmoneyreserve.com/news/coins/gold-bullion-act-1985/

Vote! Vote!

Thanks for your vote.
Since my rebate is unlikely, and I didn’t qualify my offer, do you like Taco Bell? Lol

Re your “What a f*cking country we’ve become,”

The decline started after Silver coins stopped being produced in 1965, then the gold backing was removed from the US Dollar in 1971. After 1971 the idiots created the EPA for wealth absorbing jobs versus wealth producing jobs.

After 1981 the off shoring picked up speed. Then back around 1989 they moved the factories from Japan etc all to China.

Also the decline started after 1969 when the Americans gleefully started buying imported cars, then in 1984 no more American TV sets.  No more American tools machinery or even our clothing. The leaders gave away our factory.

Global Markets Investor
@GlobalMktObserv
·
Nov 9
🚨Almost NEVER in the history of the US economy has consumer sentiment been SO DEPRESSED:

US consumer sentiment fell to 50.3 points in October, the 2nd-lowest EVER.

https://x.com/GlobalMktObserv/status/1987518670021505271

There’s joy in Mudville! 🙂

So what happens when millions of people especially young people can’t find jobs on account of AI and other factors? Which way do you think they’re gonna vote? Who is going to promise more? Obviously the socialists …

After the usual selling at the SM open. Good volume in the shares but in particular the small caps I watch.

This could be the beginning of the next leg higher. HUI back above 600. Would like to see silver above $50, but if this is the next leg we should be looking at $50 in the rear view window pretty soon.

The only thing I don’t like is that the SM is so strong.

just showed up….

Dog

You’re right, shorts have to be stunned right now and don’t know what’s hitting them.

Looks like it will be up to Crimex to stop the runaway train. $4100 and $50 gone. Wow.

edit: Crimex on overdrive. Immediately take G & S below the round numbers. They are still a force to be reckoned with, unfortunately

We are still under /above some major long term trend lines, which we have recently hit and failed to break….looks like we have to build the power to break them by trading under/above them, fore a while….which suggests , this new up move will get back to recent Hi’s and then maybe fail, mor maybe not….but what this new up move does show, is that we almost certainly do not have a major top in…..

and backed off, hopefully just the first strike. Shares are flying premarket. Looks like Friday was a good tell.

Spent some time on the east coast of Florida this weekend, over at Ft. Pierce and then Patrick AFB with some old mates.

You are right though, I wouldn’t qualify, not being a native, but I’d still vote for the penalties for wayward New Yorkers. 🙂

Looks like the metals are all of a sudden back in short supply in the overnights.

There’s a bit of a celebration across all markets that the gov’t. will re-open now that the Demons finally caved on the CR. Might be the first time in history the Repubs didn’t crater to media pressure.

A bit odd that everything is in rally mode given that rates are up 5 bips and the dollar is a little higher.

Did you see that Trump is trying to undermine the Supreme Court’s decision on tariffs by promising “we the people” a $2K dividend from the tariff revenues? The Supreme Court has no business weighing in on the tariffs in the first place, it’s Congress’ job, but they will anyway because they are the Globalist’s captured court. What a f*cking country we’ve become, we’ve turned the country over to a bunch of corrupt lawyers and a corrupt judiciary.

Hopefully the rally lasts into tomorrow.

Cliffhanger
https://www.railpictures.net/photo/889158/

I don’t think he has posted since Friday morning

I think people want sustainability in the market good or bad today not looking at the future so they can invest accordingly no matter what happens to the country.  Even if it leads to eliminating people for robots…A dead end.

3 days ago.