Weekly Charts

282
Fri, Jul 29, 2011 - 11:49pm

Presented without further comment. Turd tired. Turd need break. Regardless, Turd can't wait for Sunday 6:00.

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  282 Comments

Eric Original · Jul 31, 2011 - 11:37am

Ginger LOL

Mrs. O figures anytime I'm home hunkerin' down and bunkerin' down, that means I'm not out ramblin', gamblin', drinkin', and chasing skirts!! She'll take that deal anytime, and who knows, maybe I'm not crazy after all, and maybe all that ham, bacon, and Double Eagles will pay off someday!

Heading out for the day. Hey you guys!! Get away from your computer and spend some time outside with your families, OK? It's a beautiful day here in the land of milk and honey (that's Wisconsin to you!) cheeky

ginger · Jul 31, 2011 - 11:47am

Pouring RAIN here, EricO.

Pouring RAIN here, EricO. ....But that's MORE than OK..... ...we sure need the rain (and I love rainy days) ......Missed church this a.m. (BAD ME) ....but spending some quality time preparing my son for a math exam tomorrow. ...School starts this week and we are playing some catch up with our struggles with math. ...He comes by this challenge naturally. indecision

Have a great day All! ...I'm checking back in here at 6 tonight!

Eric Original · Jul 31, 2011 - 12:05pm

Yum yummmm

Needed to grab a quick bite anyway before heading out. You guys inspired my to pop open a ham!!

I'm mostly pretty simple with it. Slice it in quarter inch thick slices and quick fry it up in either butter or bacon grease. I'm just eating it straight up from there as we speak. Mmmmmmm.

 You could do whatever. Make a sandwich, get creative with toppings, make an omelet, whatever.

Just brainstorming/typing while I chew:

  1. Ham Fried Rice
  2. Add some to Pea Soup
  3. With Scalloped Potatoes (aren't there even some quick and easy package mixes for the potatoes?)
  4. Ham & Cheese Omelet
  5. Ham & Cheese Sandwich
  6. ???????
Tesla · Jul 31, 2011 - 1:01pm
Tesla · Jul 31, 2011 - 1:02pm

Suspect the monkey master is planning something?

If I were Blythe or 'the evil hand behind the curtain' if you will. I would take advantage of this Sunday news catalyst to trash PMs in the thin volume of trading just after the open... if so we will get a nice dip to buy just before reality and QE3 begins to turn the tide for a nice continuation of the run upward. I wonder if this will be the last chance to buy silver below 40 and gold below 1600 EVER?

Monedas Tesla · Jul 31, 2011 - 1:25pm

Busted !

I thought you were ignoring the Monedas 2011 ? kissCouldn't stay away ? I get a kick outta me, too ! 

Dr G · Jul 31, 2011 - 1:28pm

@Tesla

i suspect you are correct. Sham vote on the sham bill just concluded in the Senate. As Turd has said, buy this big dip that will be coming should this deal go through. Dip for a couple of days and then up we go. Edit: voting to end the debate on the bill. Once again, what a sham government. Lets vote to have a vote on voting.

Dr G · Jul 31, 2011 - 1:30pm

And the bill was blocked in

And the bill was blocked in the Senate.

Gramp · Jul 31, 2011 - 1:31pm

See u this evening folks!

like Eric O said, I'm getting out and about for this nice weather!... Question is... do i take a ride the the Coin Shop? ...

 To be continued... :)

Tesla · Jul 31, 2011 - 1:33pm

Should be an interesting couple of weeks

Coming up Dr.

Maybe it's time to try convincing more friends and family to pull heads out of the sand and begin to protect themselves! ?!

ggnewmex · Jul 31, 2011 - 1:56pm

Bill Blocked

Now that the Senate billed is blocked, obviously it cannot go to the House again in its present format. I really am amazed at how this all seems like such a waste of time. As so many have said earlier, fixing a debt problem with more debt is ludicrous!. 

I cannot even follow this circus anymore. Things keep getting tossed back and forth between both houses, and all that seems to happen is the one side blames the other. I thank God that there were people who talked to me about PM's ( in addition to those who taught me about faith in God and Christ which is where I find hope for what will surely be some difficult days and years to come) and was able to collect a few.

Should be a wild night tonight at the opens. "Eager" anticipation of 5pmCST for the open!

ggnewmex Dr G · Jul 31, 2011 - 2:01pm

but first

Before we can have a vote to vote on the voting, we need a meeting and consensus on what the rules will be for the voting to begin the voting will be. 

SERIOUSLY,,,,,, UGGGHHH

(I heard one person say, and I have to agree. Through all this foolishness, does anyone take the time to truly thank God and those who fought for our country that allows us to be able to witness the relatively peaceful discourse we see? Notice that there are no bombings, or shootings, or government take-overs? This is, while ugly, the essence of democracy, and for that I am grateful to live in the USA, even with its negative aspects!!!)

Peace all

Shill · Jul 31, 2011 - 2:01pm

Circus

.......................................................................

Dakini · Jul 31, 2011 - 2:11pm

Some of the Deficit Reduction Debate - Pelosi Yesterday

Just an FYI for those interested in more about why this is being so sharply debated.

https://www.youtube.com/watch?v=M5sUiE3800A&feature=player_embedded

daveyboy · Jul 31, 2011 - 2:13pm

Why is no one being

Why is no one being honest?

Either you don't understand how money is created, or you are being willfully ignorant.

It is the debt based system which has created this problem

The only way growth is achieved is through the expansion of the money supply i.e. more debt. As the person I quoted pointed out, you are being led up the garden path, either knowingly, or unknowingly.

The extra credit is either borrowed in the private sector, or is done so via government. Now, if you want a perpetrator for this, then you need to demand that the derivatives are written off.

1.5 quadrillion in derivatives, in fact as a percentage, the government debt is laughable. You are being led down this debate because you are now being sold on the idea that you should embrace cuts in basic benefits.

The austrian school of economics is a scam, a sham, a poisoned chalice. It says nothing about the debt based system of control, it deliberately ignores it.

They are akin to max keiser, railng against the system on the one hand, then telling you to embrace it on the other.

stoneeh daveyboy · Jul 31, 2011 - 2:34pm

daveyboy,

The Austrian school is obviously better than Keynesianism. I haven't closely studied it so I cannot comment on what you say. Let's take it a step further though and say interest based debt is the problem, because it is mathematically impossible to pay the interest back unless you increase the money supply. So inflation is baked in the cake as long as charging interest is allowed. Of course fractional reserve banking must go as well, since it is just a unnecessary, huge risk to the financial system. So of course are derivatives and other various "investment vehicles", or simply a great part of the schemes (if not all of them) that the bankers use to make money.

I highly recommend watching the Secret of Oz for an alternate point of view, although the conclusion that gold and silver should be legal tender are of course nonsense as well, since there are only 10-30 years of mining left for these metals and after that the entity that has the most gold or silver would simply rule the planet in this scenario. This is of course completely absurd and should never happen.

It's hard to say what the ideal money should be, but as long as we get rid of interest and the fractional reserve banking system most of the danger in the monetary system would already be removed.. after that, choosing a suitable form of money would/will be a comparatively easy task.

- Markus

Irene · Jul 31, 2011 - 2:42pm

Austrians

"The austrian school of economics is a scam, a sham, a poisoned chalice. It says nothing about the debt based system of control, it deliberately ignores it." daveyboy

Mises actually watched the Weimar inflation play out. Hayek wrote all about the business cycles as well as the foundations of Western civ. They both had plenty to say about systems out of control not only from the theoretical pov but also because they lived the f*cking thing. As for Austrians having nothing to say about debt based systems, clearly, you have not even bothered to read the titles of their most heralded books, let alone the contents. Just to start, check out wikipedia:

elaborating what later became known as the "Austrian Theory of the Business Cycle". In his Prices and Production (1931), Hayek argued that the business cycle resulted from the central bank's inflationary credit expansion and its transmission over time, leading to a capital misallocation caused by the artificially low interest rates. https://en.wikipedia.org/wiki/Friedrich_von_Hayek

Missed that, eh?

Before you go pointing your finger, please do us all a favor and check out what you're talking about.

daveyboy · Jul 31, 2011 - 2:57pm

On the contrary, where does

On the contrary, where does austrian economics specifically say we need to go to a non debt backed currency?

Your quote seems to just be suggesting the policy to continue inflating, or inflating too much.

In other words tinkering around with the system, maintaining this system while massively increasing interest rates will just serve to collapse everything too.

Whatever way you look at it, this is their system of control.

I highly recommend you watch money masters and money as debt

Monedas ewc58 · Jul 31, 2011 - 3:03pm

ewe58 ?

Isn't that just supermoist, summer air off the Pacific, condensing into clouds ? Seems to be happening everywhere as the air climbs over the mountains and cools off a bit ? Also, you get a Venturi effect for the extra distance traveled, and less pressure means less capacity to hold water in it's vapor state ! Monedas 2011 The volcano we should be worrying about is under the Capitol dome ! sad

Rui · Jul 31, 2011 - 3:11pm

@DAVEY You don't understand Austrian school

They advocate using gold and silver as money and relies on market-driven price discovery to set the price and money supply. Get your education here:

Austrian Economics versus Mainstream Economics | Mark Thornton
tpbeta · Jul 31, 2011 - 3:13pm

Here we go...

Debt ceiling agreement tonight.

PMs fall tomorow and next day before QE3 sends them back up again end of the month.

Gentlemen start your motors.

Irene · Jul 31, 2011 - 3:13pm

Daveyboy

Daveyboy,

If you want to point a finger, darlin', try the Keynesians. I think the Austrians are the last school of economic thought to be blamed for this mess. You have heard of Keynes, right? C+I+G and all that use of fiscal and monetary policies, etc. 

I don't need to show anything exactly about the Austrians because they're not the issue and never have been and I'm not going to do your homework for you.

How about you show Turd's world where EXACTLY you find Austrians in the US government or Federal Reserve or in positions of power ANYWHERE over the last 60 years (yes SIXTY) implementing their nefarious ideas of using government debt to prop up the economy and spread the wealth.

Go ahead big boy. Name one.

I Am The Unknown Comic Eric Original · Jul 31, 2011 - 3:14pm

Dessert

Eric O, don't forget dessert - sweet minced ham pie

ummm, I think we all have a LONG way to go on recipes...ha ha ha

daveyboy · Jul 31, 2011 - 3:15pm

You could say well the

You could say well the austrians want to govern the issuance of money by much gold we have. The problem is a) that can be manipulated at will

More importantly though...where are the autrians screaming out about the derivatives? where is the tea party on this?

Instead we have this mythological balanced budget which is being insisted upon

You just illustrated it above, a fluctuating supply of money based on anything, will lead to exactly the same volatility.

Woah I didn't say the austrians were to blame, I said their brand is just more of the same as it does not address the fundamental point of non debt backed currency.

Irene · Jul 31, 2011 - 3:16pm

Daveyboy

Wow, why are you so hung up about the Austrians? They aren't even a pimple on an elephant's ass from the pov of TPTB.

daveyboy · Jul 31, 2011 - 3:20pm

I am hung up as you put it,

I am hung up as you put it, because this is the alternative which is being offered and it's a false alternative. It's just a different flavour of the same servitude.

You can't have a balanced budget in a debt based currency, the whole thing is a fallacy.

Rui · Jul 31, 2011 - 3:25pm

@Davey Ever heard of Ludwig von Mises?

Probably not, otherwise you'd not miss this Austrian economist's precise analysis and call on how credit expansion in the 1920's caused the 1930's depression - "There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

Austrians understand the harm a credit-expansion boom could do to economy far better then you think they do.

Kumanari · Jul 31, 2011 - 3:34pm

wasted energy

Video unavailable
Shill · Jul 31, 2011 - 3:35pm

hmm

How about they reconsolidate the budget so we can worry about solvency of Social Security separately from the insolvency of the rest of the government.

Monedas daveyboy · Jul 31, 2011 - 3:38pm

Monedas can't believe it !

Socialist apologists weasel their way into every aspect of the rational thought process ! No praise for Freedom nor it's economic application in the Austrian school of economics goes unchallenged ! They don't understand it....but, they instinctively know to fear freedom ! Monedas 2011 They don't understand reality......but, that is no impediment to the their revisionist history ! Holiday recipe: Roast of Cat with a mouse in it's mouth and garnished with roasted turnips and rutabagas ! Mmmmmm !!!

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