Main Street, Town Square, Turdville

5825 posts / 0 new
Last post
Sun, Oct 18, 2015 - 2:18am
Spartacus Rex
Offline
Joined: Apr 13, 2013
5935
13992

John Hathaway

Tocqueville Gold Strategy Investor Letter

Third Quarter 2015

https://www.tocqueville.com/insights/tocqueville-gold-strategy-3Q15

Sun, Oct 18, 2015 - 2:20am (Reply to #4601)
Spartacus Rex
Offline
Joined: Apr 13, 2013
5935
13992

@buz

Glad to see that you are still among the living and us mortals laugh

Cheers,

S. Rex

Sun, Oct 18, 2015 - 10:46pm
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

Russia is running out of

Russia is running out of money. President Vladimir Putin is taking a strategic gamble, depleting the Kremlin's last reserve funds to cover the budget and to pay for an escalating war in Syria at the same time. The three big rating agencies have all issued alerts over recent days, warning that the country's public finances are deteriorating fast and furiously. There is no prospect of an oil revival as long as Saudi Arabia continues to flood the market. Russia cannot borrow abroad at a viable cost. Standard & Poor's says the budget deficit will balloon to 4.4pc of GDP this year, including short-falls in local government spending and social security. The government has committed a further $40bn to bailing out the banking system. https://www.telegraph.co.uk/finance/economics/11937348/Russia-retreats-t...

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Tue, Oct 20, 2015 - 3:46am
Spartacus Rex
Offline
Joined: Apr 13, 2013
5935
13992

Greg Hunter - Charles Nenner

Charles Nenner-The Whole Economy is Turning Down

Charles Nenner-The Whole Economy is Turning Down
Wed, Oct 21, 2015 - 6:52am
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

The official starting gun has

The official starting gun has been fired....this is the gov and the royals stating officially where their future lies financially......or at least a much much bigger part of it.

How UK’s shift to China affects US | FT Comment
"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Wed, Oct 21, 2015 - 7:41pm
buzlightening
Offline
-
Oakley, UT
Joined: Jun 16, 2011
749
3634

We all have trouble with faith.

It's our nature to want know the end from the beginning with no doubts. Faith is not to have a perfect knowledge but to hope for things which are true but unseen. One thing about hope coupled with faith, it always turns to action. Never have hope without backing it with a plan. I have faith I'll eat breakfast tomorrow morning but lets hope I do my part and take the fixens out of the cupboard and do my part to bring my hope to pass. I could wait around for breakfast to fall out of the sky and it would by the grace of God should it be necessary. We're saved it is certain by the grace of God but after all we can do. You've got faith enough if you're stacking and taking necessary precautions against the gov goon squad. They'd like to spoon feed us all to hell. I hate crowds so expect to take the higher road or one less traveled. Favorite of mine is those who follow the crowd get lost in it. gov goons crowding the faithful! I feel for those who haven't a clue the life boats from the FINANCIAL USS TITANIC are lowering and hitting the cold dark waters. All the holes drilled in the bottom, by the more debt floats a BOAT CROWD, has run it's course. LET INTELLIGENCE CLEAVE TO INTELLIGENCE AND TO HELL WITH THE REST. 

Thu, Oct 22, 2015 - 6:42am
Wy So Lo
Offline
-
OZ SA
Australia
Joined: Oct 4, 2015
1096
1807

Speechless

Just a reminder https://www.youtube.com/watch?v=JTD_7ZfXpLE China soars

Sun, Oct 25, 2015 - 12:59am
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

Monetise your idle

Monetise your idle gold

Through GMS one can earn interest on accumulated gold

BS Reporter | Mumbai October 24, 2015 Last Updated at 00:25 IST

Tiny URL Add to My Page

Monetise your idle gold

With the Reserve Bank of India issuing guidelines on Thursday to launch a gold monetisation scheme (GMS), those with such accumulation can look forward to turning their idle stock into an interest earning instrument.

Most financial planners believe that even if the instrument offers one to two per cent annually, it will still make sense for retail investors. “Many people buy gold coins, either systematically or in spurts during the festival season, which does not earn any income. Instead of keeping these at home, they can now give it to banks and earn interest on it,” says a financial planner.

The interest rate being paid will be key. To encourage holders to part with assets, most financial planners say banks will have to give an attractive rate.

https://www.business-standard.com/article/pf/monetise-your-idle-gold-115...

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Sun, Oct 25, 2015 - 3:16am
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

Offshore Shell

Offshore Shell Games

https://www.scribd.com/doc/284003162/USP-ShellGames-Oct15-1-3

In short, 500 US companies are keeping 2.1 Trillion ($2,100,000,000,000) in cash in foreign offshore tax havens.

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Sun, Oct 25, 2015 - 5:15am
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

Not bad for a young un !!!!!

Not bad for a young un

!!!!!

FINGERS Mitchell Cullen Freedom Rides Denmark Markets 2012 Australian Tour Steam Roller
"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Sun, Oct 25, 2015 - 5:24am (Reply to #4612)
Wy So Lo
Offline
-
OZ SA
Australia
Joined: Oct 4, 2015
1096
1807

Albany does well

Thanks Hammer i had not heard him before.

Sun, Oct 25, 2015 - 5:45am
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

Austrian Chancellor Werner

Austrian Chancellor Werner Faymann cautioned against the collapse of the European Union amid thousands of undocumented migrants arrive in European states.

MOSCOW — On Sunday, a refugee summit is expected to be held in Brussels to discuss the enormous migrant crisis and the ways to solve it.

“Now the speech is about either a common Europe or about a quiet collapse of the European Union. One path is burdensome, difficult and supposedly long and the other one would lead to the chaos,” Austrian Chancellor Werner Faymann told the Austrian Kronen Zeitung newspaper on Saturday.

https://sputniknews.com/europe/20151025/1029067261/austria-faymann-warns...

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Sun, Oct 25, 2015 - 8:31pm
DeaconBenjamin
Offline
-
AR
Joined: Mar 30, 2013
3334
9361

Anti-Russian Poles win majority in parliament

WARSAW, POLAND — Poland took a decisive turn to the right in its parliamentary election Sunday, tossing out the centrist party that had governed for eight years for a socially conservative and Euroskeptic party that wants to keep migrants out and spend more on Poland’s own poor. An exit poll showed the conservative Law and Justice party winning 39 per cent of the vote, enough to govern alone without forming a coalition.

Kaczynski credited his late brother, former Polish President Lech Kaczynski, with the party’s strong showing. His brother was killed in the 2010 air crash in Russia that claimed the lives of the president and many of Poland’s top leaders.

If the exit poll results are confirmed, the Law and Justice will take 242 seats in the 460-seat lower house of parliament and 58-year-old lawmaker Beata Szydlo will become Poland’s next prime minister.

A victory by Law and Justice gives the party a chance to implement a brand of politics that is strongly pro-NATO but also somewhat Euroskeptic. The party opposes adopting the euro currency and is strongly anti-migrant, positions that are expected to have a broader impact on the 28-nation European Union, of which Poland is a member.

According to the exit poll, for the first time in Poland’s post-communist history, no left-wing forces appear to have won enough votes to enter into parliament.

https://www.thestar.com/news/world/2015/10/25/euroskeptic-party-wins-pol...

Sun, Oct 25, 2015 - 8:36pm
DeaconBenjamin
Offline
-
AR
Joined: Mar 30, 2013
3334
9361

Barclays computer glitch affects customers

Some Barclays customers had trouble getting money from their accounts and making payments as the bank carried out maintenance work before the clocks went back last night.

Barclays said a glitch occurred in its computer system on Saturday before planned adjustments to coincide with the end of British summer time.

The bank said the work related to the clocks changing did not cause the problem but that it meant systems took longer to be restored on Sunday.

The bank said: “We can confirm that customer services are now recovering from the outage we experienced [on Saturday]. We apologise to customers for any inconvenience caused.”

Barclays tweeted around midday on Saturday that it was investigating technical problems. The bank then notified customers about the work related to the clocks changing that evening.

https://news.search.yahoo.com/search?p=barclays+glitch&fr=uh3_news_web_g...

Sun, Oct 25, 2015 - 9:13pm
DeaconBenjamin
Offline
-
AR
Joined: Mar 30, 2013
3334
9361

Lebanon's Hezbollah takes aim at Saudi Arabia on Ashura

BEIRUT, Oct 24 (Reuters) - Supporters of Lebanon's Iran-allied Shi'ite group Hezbollah chanted "Death to the Saud family" as their leader railed against Sunni-led Saudi Arabia on Saturday in a sign of deepening hostility towards the U.S.-allied kingdom.

Speaking on Ashura, the day on which Shi'ites commemorate the death of Prophet Mohammad's grandson, Hezbollah leader Sayyed Hassan Nasrallah listed the Saudi leadership alongside traditional enemies Israel and the United States.

Nasrallah condemned what he called the "U.S.-Saudi aggression" against Yemen. Thousands of black-clad supporters responded "Death to the Saud family! Death to the Saud family!". The chant is mostly reserved for Israel and America. On the war in Syria, Nasrallah forecast victory for Assad and his allies. "Syria will not fall," he said.

Lebanon has also been an arena for Saudi-Iranian rivalry between Hezbollah and its Christian and Shi'ite allies on the one hand, and a rival alliance led by Sunni politician Saad al-Hariri, who is backed by Riyadh, on the other. Nasrallah warned rival Lebanese politicians against waiting for Saudi Arabia and Iran to broker an end to a standoff that has paralysed government and prevented the election of a new president. "Don't wait for Iranian-Saudi dialogue. Matters in the region are getting more complicated," he said. "Don't await an American or Western initiative. Lebanon is beyond the concerns of foreign states. Lebanon is today left to its leaders." 

https://en-maktoob.news.yahoo.com/lebanons-hezbollah-takes-aim-saudi-ara...

Sun, Oct 25, 2015 - 11:38pm
Mon, Oct 26, 2015 - 12:08am
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

4 Trillion in 4 weeks

Cor blimey governor. That’s a cool $4 trillion added to the worlds stock market values in the last four weeks. I must thank @Groditi for supplying me with these natty representations of global market cap.

Any one who though that the Fed were solely guided by asset prices would be thinking that hey can now raise rates. But that would not be the cleverest thing for them to do because in doing so they would be telling the market that al they care about is asset prices. Which they don’t. If they did they would have raised rates in July.

The ECB appear to have lit the blue touch paper on and if it wasn’t august but December right now I’d say it was groundhog 9 months. The market has reached for its Jan 2015 play card and hoovered up European equities, bonds and everything ZIRP. At this rate even Bitcoin is becoming a carry trade vs Euro. But then so is sand, dust, old plastic bags, dirty needles and anything else with zero yield. The ECB rally has knocked on to all global assets as the ECB is now seen as the cash water-cannon quelling the globes financial riots. If that wasn't enough China has cut rates this weekend.

https://polemics-pains.blogspot.jp/2015/10/first-wave-new-paradigmers-rarely-win.html

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Mon, Oct 26, 2015 - 7:33am
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

Million Dollar Shack

Million Dollar Shack

Million Dollar Shack: Trapped in Silicon Valley's Housing Bubble
"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Mon, Oct 26, 2015 - 12:36pm
Spartacus Rex
Offline
Joined: Apr 13, 2013
5935
13992

Michael Savage

https://www.breitbart.com/big-government/2015/10/26/michael-savage-unlea...

"The reason migrants are fleeing war in Syria, contends Savage, is “probably because they are coming here to start one.” He pointed out that news outlets like the Associated Press and Reuters always show pictures of migrants with women and children. Savage suggests that you look at candid pictures from Breitbart and you will see that they are mostly all men. “Breitbart has the best pictures by the way,” he stated. Savage remains puzzled that no opposition or outrage currently exists from Republicans or the American people regarding this potential Syrian migrant disaster." "

Mon, Oct 26, 2015 - 6:19pm
Hammer
Offline
-
Somewhere over the rainbow
Joined: Jun 14, 2011
5503
16208

The end of Europe

Portugal has entered dangerous political waters. For the first time since the creation of Europe’s monetary union, a member state has taken the explicit step of forbidding eurosceptic parties from taking office on the grounds of national interest.

Anibal Cavaco Silva, Portugal’s constitutional president, has refused to appoint a Left-wing coalition government even though it secured an absolute majority in the Portuguese parliament and won a mandate to smash the austerity regime bequeathed by the EU-IMF Troika.

He deemed it too risky to let the Left Bloc or the Communists come close to power, insisting that conservatives should soldier on as a minority in order to satisfy Brussels and appease foreign financial markets.

This is the worst moment for a radical change to the foundations of our democracy.

President Cavaco Silva

Democracy must take second place to the higher imperative of euro rules and membership.

“In 40 years of democracy, no government in Portugal has ever depended on the support of anti-European forces, that is to say forces that campaigned to abrogate the Lisbon Treaty, the Fiscal Compact, the Growth and Stability Pact, as well as to dismantle monetary union and take Portugal out of the euro, in addition to wanting the dissolution of NATO,” said Mr Cavaco Silva.

https://www.telegraph.co.uk/finance/economics/11949701/AEP-Eurozone-cros...

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
randomness