For those who may be interested, an hour or so with Jim Willie.

He’s pretty much on track, and not shouting himself hoarse,

covers so many relevant topics.

if you click, go to about 13 min in to get to the meat.

Tokyo Speed demon
https://railpictures.net/photo/845828/

The weaponized tendrils of the deep state now have Tulsi Gabbard under surveillance for her conservative views. Four federal goons follow her on her flights, unbeknownst to her!
https://www.zerohedge.com/political/federal-air-marshal-whistleblowers-report-tulsi-gabbard-actively-under-surveillance-quiet

CO2 has ticked up by 50% since the year 1800. And sea levels have moved by ……. ? Can’t claim to have noticed much difference, but I haven’t been around that long. However, places that have long, continuous records like Liverpool show no change. A report from the Chinese of the Indian and Pacific Island groups that are raking in $$$$ to stop flooding (how?) showed that the overall land mass had increased. Curiously google earth data for these islands is many years out of date.

However, we are out of the mini ice age. The earth is greener than we have ever recorded, and producing more food than ever. I’m not sure this is a good thing, as it is supporting population growth – when the climate cools and the situation reverses, the famines will be catastrophic. but almost certainly not in my lifetime, or that of my grandkids.

….I agree that certain shares have been holding up here fairly well. But the ones I look at ( junior explorers; Elero, Lion One, Irving Resources, Eskay etc.) are getting absolutely decimated. And now these shares are continuing to get drubbed on extremely low volume ( Elero went down almost .07 today on one thousand shares).

The scum have succeeded in keeping interest in the junior PM stocks at very low levels. I should just completely write these things off, but it’s very hard to see them go to zero. End of rant.

HUI back above 285, which should be support if you believe support is actually possible in pm’s?

Trying hard to hold $2400.

Have to think the bears are reloading in the SM today, yesterday was too violent to just go away quietly.

the sooner all these things come together, the better.

They’ve done a heck of a job papering over yesterdays’ mess around the globe. The QQQ’s are barely down now over the last two days.

They’ve done a good job keeping people out of pm’s. Endless losses have a tendency to do that I suppose.

War is coming. Chaos is coming. Financial turmoil I suppose is coming. Things can’t go on like they are. Everything is coming to a head and it has to be soon. They want war both here and abroad and will steal another election (or worse) to make it happen. (Hope I’m wrong!)

I don’t think gold will save us brother. The stakes are much bigger than just money now. This war is being fought here on earth, but the real battle is in the heavens, the dimensions that reside outside the 3 1/2 we live in, and it seems we are powerless to stop it. The best thing we can do is get our spiritual houses in order.

Jim Quinn of the “Fourth Turning” has a really good article on ZH. He is on the mark and describes what’s happened and what’s coming, but he leaves the spiritual out.

Jim Quinn: Everybody Knows

… no that’s Minesota … soon to be the USA if the commies get their way.

Breaking: Kamala Harris Picks White Bread Minnesota Governor Tim Walz as Her VP Pick for Some Reason | The Gateway Pundit | by Jim Hoft

Very predictable.

Let’s hope they don’t steal the election again.

That would not be good.

America would likely not survive.

Armed Migrant Gangs Stalk UK While Government Cracks Down On Native Brits

Nobody knows how far this will go in the US with the public still well armed – but they will try.

Best to fight for your country and future before it gets to this point.

Cheers all

Good to hear.

But it looks like the storm in debt won’t be so easy to get over if the breakout in credit spreads over the past few days is any indication.

ICE BofA US High Yield Index Option-Adjusted Spread (BAMLH0A0HYM2) | FRED | St. Louis Fed (stlouisfed.org)   This is the correct link

This has been a key missing ingredient in keeping investors out of PMs since trouble started brewing for some time now.

Open interest on both gold and silver futures is holding steady despite falling prices, which is a negative, so PM prices may not respond positively right away, but it’s coming once the stars become aligned – again with a huge missing support pillar for the sector – credit spreads – starting to show concern.

Metals Daily Exchange Volume & Open Interest – CME Group

And it’s unlikely they will be able to smash them back down like they do with other indicators they don’t like.

Not this time of year and not under present conditions.

Cheers

Sorry, just saw your post. Yeah, all good here for me and mine.

House and pool cage held like champs, thanks to the Lord. Power was out for a couple of hours, no big deal. The wind surprised me, we had some 90 mph gusts come through.

Hope you didn’t get too much rain there.

shares aren’t horrible premarket, so maybe we’ll catch a bid as the day goes on

I guess the dollar matters today.

….it looks like Silver is the tool for the scum to stem the flow of positive momentum and to get Gold to follow along to the downside…..

Didn’t know the carbon had ticked up a tenth. 🙂

I agree with your previous post to Ipso as well. I’ve never understood why the people from Israel and the US somehow cornered the “semitic” term.

Many so-called Jews are not Jews at all, in fact a very high percentage are atheists. They are either Israeli’s or Americans. They might practice Judaism and be Jewish Israeli’s or Jewish Americans but to be Jewish implies they practice Judaism. But I digress. Your point that words can be changed to mean anything they want them to mean is so true. Whatever fits the current narrative.

Kunstler believes the Demonrats will be blamed for the whole mess, but by who? The media certainly won’t blame them, in fact they’ll twist things to blame it all on Trump. They are unbelievable in their deceit. We just had an assassination attempt on Trump that was obviously a govt. hit. There’s zero accusations of that. Just a propaganda arm of the Government.

Disgusting.

I am stuck house/dog sitting for a friend in hospital . He has no cable so no Internet . I am in the community clubhouse using the guest site for just a few minutes . I hope your place is okay . Just copious rain in Volusia county . I won’t be online again for a few days .

Can’t say I’d disagree with any of that …

Only would add that it’s the fiat currency system that is the heart of many of the injustices, inequalities of the system. The rich benefit from inflation much more than those who can’t afford assets. Cheap money at the top of the pyramid enables the friends of the Fed to amass much more property than they would be able to otherwise. Thinking Blackrock buying up single family homes as an example. With a gold backed money system corruption would be greatly reduced. IMO

I think Kunstler’s article is very good – I’ve printed it out for future reference. And that includes his comment that this isn’t like 2008. But 2008 wasn’t like 2001. 2001 wasn’t like 1998 – remember 1998, and LTCM? Greenspasm said that if selected banks hadn’t injected $3.5bn to rescue LTCM then the global economy would have collapsed. Even in 1998 $3.5bn (yes, billion) was an utterly insignificant amount of money, but it allowed the transfer of wealth to those banks. The lies were no smaller then than they are now. Each time they find a different way out of the collapse. Each time sees the redistribution of wealth upward. The republicrat party always survives the scandals. The sheeple become dumber and dumber, the intellectuals more idiotic, everyone more accepting as to what is placed in front of them. The easy way is the one always taken. Definitions are changed to suit the times. Words mean whatever people want them to mean. If you are against the jews you are anti-semitic. Whoever says that is an idiot. Semites are a language group, not a race or a nationality. It includes people who speak hebrew, arabic, maltese, amharic etc. Just because a german idiot tried to make a name for himself 150 years ago with the phrase doesn’t mean the sheeple have to do the same. As a start for getting back to sanity let’s commence by using the right words. Anti-Israeli, or maybe anti-zionist. Herd immunity can be obtained from exposure to the disease. Capitalism is an economic system based upon capital, and we have never had a capitalist society in recorded history, any so-called capitalist economy is based on debt, often called ‘loan capital’ to make it sound right. We live in a debtist economy, and that’s where all the problems stem from.

You understand this can’t play out like it did in 2008-9. The authorities are out of tricks and out of fake money. They can try the emergency interest rate cut, but it won’t change what is actually happening: the epic revaluation of everything humans make and own — with much of it losing value and quite a bit losing all value because it never really had any. The spooky catch is that there will be an attempt, in this wild and terrifying process, for certain devious, unprincipled parties to take possession of many things shaking loose — what remains of collateral. . . real things. . . commodities. . . facilities. . . properties. . . chattels. . . artworks. . . and, of course, whatever securities still have a relationship to realities of production.
This brings a sharp end to the current political sitcom, especially the situation of the Democratic Party. They will get blamed for the economic carnage left behind by the shattered money system. They lied about everything for years, every number, every index, every supposed “policy”.

Kunstler

Words fail me–you are very generous-great reply and all true !

0.04%. And yes, at 0.02% it’s game over for all the plants as they don’t have enough food.

Yes. Carbon content in the atmosphere currently sits at 0.3%. Very low. If it drops to 0.2% we start an ice age.

All of it is a lie. Every bit of it.

Back in early 1998, maybe late ’97, so before Robina, a few guys were gathered at our place studying graphs of US debt that we’d downloaded from a 56kb dial-up connection. Hillary was in the White House and the debt was rocketing, over $4tn and going hyperbolic. There’s no way it couldn’t not reach $6tn by the end of her term and we’re telling each other how totally unsustainable it all was, collapse was imminent, the EOTW was nigh, SIX TRILLION DOLLARS!!! Must buy gold. And I did, a bit, also partly as Y2K insurance (how many of you are now feeling old, 56k, Clintons, Y2K, US debt only petty cash ….).

LOL.

Then 2001, 2008, 2020. Crisis after crisis. Liquifaction after liquifaction. We bought a house in 1998 for $195k. It’s a better house, bigger block than the one next door that’s just sold for over $1.2m. And yet, when we bought the house, gold was AUD440. The house has increased by c. 520%, and gold by 740%. Even if it was an investment property, gold has outperformed after rental income, property taxes, insurance, repairs and renovations, income tax, capital gains tax, horrible tenants etc. are taken into account.

So gold has done alright, especially in the last five years (in AUD), even as people continued to knock it. In addition to all the old canards that we yarned about in the early noughties: Fort Knox emptied, rehypothecation of leased gold, US$100,000 per ounce if all dollars were backed by gold, spike cornering the silver market etc; we now have China as a big buyer, other central banks building up their reserves, some serious conflict in the world with either Ukraine or Israel as triggers for WWIII, debt now 900% higher than 1998 (funny you picked 900%!); so really not much has changed. The potential for gold is still there, but you have to ask yourself, in a crash – who will buy? Not the mum and dad investors; I think we’re looking to the CBs to propel it “to da moon”.

Can they kick it down the road again? Will be having the same conversation in 2035? 1998, 2001, 2008, 2020, 2024, 2030 and now 2035? I dunno, spike, nobody knows, we knew nothing twenty years ago and I think we know less now.

But for the moment, as goldilocks always said, “give me volatility or give me death”!! Not that I’m trading anything other than popcorn futures.