A Turdless A2A

93
Thu, Jun 22, 2017 - 10:50am

For your listening pleasure and to pass the time while we watch miners show a bit of strength this morning.

A conversation between two weary metals investors, Pining for the Fiords and Dr. Jerome:

Click here to if the youtube link does not work...

Pining & Jerome

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fluxplus
Jun 23, 2017 - 12:30pm

@Canary

Is it possible that specs shorting and commercials buying ?

NUGTCALLSteveW
Jun 23, 2017 - 12:25pm

Schizophrenic

I refuse to play in a market that JPM controls the card deck, JPM can deal from the bottom, reshuffle and can see what is coming next. I think that silver is the play after gold breaks out ~> 1310 with volume, then JPM will not be able to stop the momentum. I would not touch silver until Gold gives the all clear sign and then I think silver will give the better return although it is all relative.

Angry Chef
Jun 23, 2017 - 12:17pm

Martin Armstrong & Rob Kirby

Somewhere there is an interview ( maybe here in Turdville ) where Rob say's the reason Martin was thrown into jail was because Martin blabbed about having proof that the Banks were manipulating the Gold price. Does anybody recall ?

From the above post by Tyberious:

"The country is essentially run by the N.Y. FED office and the big private bankers. Armstrong was beating the pants off the N.Y. bankers and they tried to destroy him.
Armstrong has now divulged and licensed Socrates. He had $ 3 trillion under management when the banks sent him to jail. If "everybody" had access to Socrates, it would be impossible for the bankers to screw the muppets. It wouldn't be long before all investing was done for rational reasons. It would be impossible to blow a bubble ".

PoundWize
Jun 23, 2017 - 12:16pm
SteveW
Jun 23, 2017 - 12:13pm

Schizophrenic

So we are all preparing for something we hope will never happen.

What's wrong with silver today? It's up 1%, if this keeps going it will regain a 17 handle.

Angry Chef
Jun 23, 2017 - 12:13pm

Traitors Push Both Economic and Military Operations To Stop....

....Trump’s Effort to Build Relations with Russia and China

https://www.roguemoney.net/2017/06/22/dcswamp-russiairansanctions-sabotaging-trump/

Apparently you didn't win the War of Independence. You've got a Central Bank and there traitors inside your Government.

tyberious
Jun 23, 2017 - 12:11pm

Danny B

Recession predictors

It is said that all money is debt-money and that; if all loans were paid off , there would be no money left in circulation. Triffin's Dilemma" states that bad money chases good money into hiding. A dollar in hand is always better than a dollar in the bank. A dollar is an unregistered bearer bond. All other monetary instruments are registered. All transactions are recorded. 50% of all transactions are in cash, by number., not value.
Naturally, the State does not like cash. In a debt collapse, paper money will be the only thing standing.
Russia is trying to facilitate the use of cash, https://sputniknews.com/science/2017...berbank-drone/

Obummer got the FED to crank up the money machines so that he could look successful. There always seems to be a hangover after a 2 term (faux) president.
"Crunching 107 years worth of data, he showed the U.S. economy enters or is in a recession every time a two-term president vacates the throne:"
"Since 1910, the U.S. economy is either in recession or enters a recession within 12 months in every single instance at the end of a two-term presidency… effecting a 100% chance of recession for the new president."
"Maybe it takes two terms for presidential mischief to work its way into the economic machinery.
One-term presidents just can’t heave enough sand in the gears."

"over the past five decades, each time commercial and industrial loan balances at U.S. banks shrank or stalled… a recession was either already in progress or would start soon. There has been no exception since the 1960s. Last time this happened was during the financial crisis."
"Overall though, Malinen says the relationship between negative credit flows and recessions holds true since 1948."
https://dailyreckoning.com/100-chanc...thin-7-months/

6/21 America is now a ‘second tier’ country – Bloomberg
6/21 We are inches from a new World War, and Clintonists are to blame – Medium
6/21 US seems keener to strike at Syria’s Assad than to destroy ISIS – Independent

6/21 Why is US ‘taking military actions that benefit ISIS?’ – WND
6/22 Oil drops to 10-month low; biggest first-half slide in 20 years – Reuters
That will just drive the financials down even lower.

Falling oil,, rising debt,,, Armstrong movie

6/22 Oil drops to 10-month low; biggest first-half slide in 20 years – Reuters
That will just drive the financials down even lower. Things certainly are moving fast.
Oil is down 16% from it's price of just a month ago. Fracking was fired up by accessing the junk-bond market. The oil majors recently spent 86% of their profits to service debt. Russia and Iran have cut back a little but, not enough. There is just too much oil for the diminishing demand. When the oil producers lost margin, they pumped like crazy to make up the difference on volume. The debt <15%> is still growing but, prices are falling.
Warning: the Oil Crash Is Just Days Away From Triggering a Debt Crisis | Zero Hedge

I expect the carbon industry to go through a bankruptcy and restructuring. While the neocons would like to blow Iran to kingdom come to take their oil off the market, I don't think it will happen. Iran WILL destroy both Saudi and israel. Attacking Russia would rate as EXTRA-STUPID. The hildebeest wanted that, so, you know that it is both bad and stupid.
Russia proved very well that their new jamming system can stop ALL electronics.
Here is some propaganda vids from youtube,
Russia boasts it can WIPE OUT entire US Navy with 'electronic bomb' as war fears grow - DAILY NEWS
US unveil 'devastating' SUPER WEAPON that ‘nothing can survive’ to smash Russian


"If it were not for the “meddling” in the 2000 Russian election blackmailing Yeltsin not to run and install Berezovsky as President to control the natural resources of Russia, Putin would never be in charge to begin with today. Berezovsky fled to Britain where he supposedly hung himself "

There was a movie made about the life of Martin Armstrong. He got effed REAL bad by the banks. The movie could not be shown in America. Evidently, there is a LOT of interest in the subject. They are now making a much bigger production.
" All I know is they are doing private funding. Most movies go to the banks for funding. For obvious reasons, that will not be the case here."
https://www.armstrongeconomics.com/i...sian-election/

The country is essentially run by the N.Y. FED office and the big private bankers. Armstrong was beating the pants off the N.Y. bankers and they tried to destroy him.
Armstrong has now divulged and licensed Socrates. He had $ 3 trillion under management when the banks sent him to jail. If "everybody" had access to Socrates, it would be impossible for the bankers to screw the muppets. It wouldn't be long before all investing was done for rational reasons. It would be impossible to blow a bubble.

As far as I'm concerned, the liberal-world-order is just re-painted socialism. There is worry that it is coming to an end.
Schaeuble Warns US Pullback Could "End Our Liberal World Order" | Zero Hedge
"A federal budget would help benefit the euro-area’s weakest economies, like Greece, Portugal and Italy" Yep, that is the debt-union that the Marxists want So bad.

All that free-money had to flow somewhere. Much of it flowed into residential RE. Home ownership has crashed and people are very unhappy. Albert Edwards thinks that these people are going to eventually hang the central bankers.
Albert Edwards: "Citizens Will Soon Turn Their Rage Towards Central Bankers" | Zero Hedge

SteveW
Jun 23, 2017 - 12:09pm

Coconut oil

Well my wife uses it topically as recommended by her physio.

AIJ
Jun 23, 2017 - 11:54am

Gregory Mannarino says buy Gold and Silver derivatives

....what a change because when talking to Turd he said he never touches the paper side of Gold and Silver

" In the video below, I talk about how now is the time to pounce on the paper derivatives of both gold and silver. I also believe that the US dollar is about to get slammed. "

Video unavailable
AIJbenque
Jun 23, 2017 - 11:41am

So Benque

If Bitcoin was a million dollars a coin and I sent you one Bitcoin in remembrance of our enduring friendship would accept it or reject it?

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