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

….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.

Nice post on how to bury some more Govt Bonds–what about activating that

more than capable brain of yours and working out how the precious metals leap in value by about

900% and be quick because we’re running out of time !

come back a little bit, finish down $.50 or so. I guess tough with the dollar coming back. Gold not horrible.

Unreal how much they brought NVDA back.

Dollar coming back. Bitcoin losses cut in half

Amazing

Oddly enough, it looks like we’re tied to the QQQ’s

I guess that’s OK for the moment while they’re coming back. ?

…….there’s definitely no question as to what the algorithms will do to the metals and miners…..

Everything bid except pm’s, although pm shares getting a small bid.

Dollar bid, bonds selling off. Bitcoin bid. QQQ’s have cut their losses in half.

Amazing what an endless supply of fiat can do.

What a fake reality we live in.

has Aladdin chipping away at the QQQ’s. I think pretty soon Blackrock will own everything.

Looks like some professional covering going on in the pm market too. Hard to tell though if it’s just tied to the SM coming back. Almost seems like everything trades together anymore.

and the moves continue to get larger.

Things are going to look a bit different at the close.

Could just be gas though…

Could be. Everything that has worked for over the last decade isn’t working right now. Kind of have to wonder how everyone will be able to unwind their positions at once.

Might be to our advantage that no one holds pm’s anymore.

We’re off the lows a bit. I know we’ll never be allowed to come all the way back, but it does appear there’s some buying/short covering going on in the last half hour.

I wonder if the Plunge Protection Team opened their doors this am? They haven’t had to be active since maybe Covid. Have to like where we are relative to 2020 with Covid. We should be in a much stronger position. “SHOULD BE” 🙂