Main Street, Town Square, Turdville

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Tue, Feb 3, 2015 - 7:39am
Gold Dog
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King Spartacus

As I write this I am sitting om my lanai watching the sun come up....just closed out my last trade of the day. (Short AG from 17.68 to 17.57.) I trade most mornings from about 4:00 AP* time until 7 or 8. Afternoon naps become a habit, even on the links!

Life has been just great since every day turned into Saturday. I have been checking in here but not posting much, took me until this morning to figure out where everyone went.

Since it's Saturday I guess it's time for me to ride around the joint on my velocipede.

See you later,

Your friend,

Dog

* America's Pecker- some older maps refer to it as "Florida".

"Gold will be master or slave."- Horace
Tue, Feb 3, 2015 - 7:51am
Spartacus Rex
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@ Gold Dog Afternoon Naps?

Knock that crap off before you really get old and decrepit!

Try swimming, and get a real bicycle for crying out loud, lest we hear how overweight, with high blood pressure, diabetic and suffering from dementia you are getting

Oh look, time to go work and accomplish something and the Sun hasn't even come out yet.

THAT's how you stay '29'

Cheers, S. Rex

Tue, Feb 3, 2015 - 9:27am
Hammer
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US gold output fallsLower

US gold output falls

Lower Nevada mine grades were the main factor in an 8% decline in US gold production in 2014, official figures from the US Geological Survey show.

https://www.mining-journal.com/world/north-america/us-gold-output-falls/

"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, Feb 3, 2015 - 2:16pm
abguy4
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just spreading Democracy and Peace....no doubt

Tue, Feb 3, 2015 - 3:11pm
zman
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Gold/Oil Ratio

Looks like the Gold/Oil ratio is finally coming back down to earth, after hitting near 30 a few weeks ago, the ratio looks to be moving down hard very fast, now at 24.

Tue, Feb 3, 2015 - 7:14pm
SilverRunNW
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Russia, India & China

Another shot across the bow at the Anglo-American powers. Did they just call us fascists? Huh.

https://www.scmp.com/news/china/article/1699900/india-russia-back-call-new-world-order

"Russia and India added their voices on Monday to China's call for a new world order and endorsed Beijing's plans to mark the 70th anniversary of the end of the second world war.

The foreign ministers of the three nations met in the capital for talks just a week after US President Barack Obama made a high-profile trip to India." ......

...... "We will be celebrating the 70th anniversary of the UN and the world's victory against fascism. This provides a great opportunity for countries in the world to cherish history and look forward to the future," Wang said.

Lavrov and Indian External Affairs Minister Sushma Swaraj backed the call, with Lavrov saying the world needed to be on alert for fascism. "We must remember the tragic lesson of the events of those years," he said.

Is this just blustering that fits the script for opposition to western banking powers, or is it a legitimate threat? While I do think that there are puppet masters controlling the strings of power, I'm not sure the individual players are either aware of their strings being pulled or that they are actually knowingly aligned with the puppet masters.

Tue, Feb 3, 2015 - 7:20pm
SilverRunNW
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Silk Road

Chinese 'Silk Road' Initiative to Diminish US Role in Eurasian Region

By welcoming India and Russia to participate in its "One Belt, One Road" project, Beijing dealt the final blow to Washington's idea to create a US-controlled New Silk Road in Eurasia.

Tue, Feb 3, 2015 - 7:45pm
Hammer
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S&P to pay $1.4bn to

S&P to pay $1.4bn to regulators in sub-prime debt case

https://www.bbc.com/news/business-31115174

makes you wonder where Standard and Poors got a billion or so in loose change to pay this from really ?

"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, Feb 3, 2015 - 8:02pm
Hammer
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Oil has absolutely shot up

Oil has absolutely shot up. Now at 52 bucks from the low 40s.

"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, Feb 3, 2015 - 8:09pm
Hammer
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It's on like Donkey Kong

It's on like Donkey Kong !

Greece's rock-star finance minister Yanis Varoufakis defies ECB's drachma threats

'I will tell Mr Schäuble that we may be a Left-wing riff-raff but he can count on our Syriza movement to clear away Greece’s cartels and oligarchies,' says Yanis Varoufakis

https://www.telegraph.co.uk/finance/economics/11388263/Greeces-rock-star-finance-minister-Yanis-Varoufakis-defies-ECBs-drachma-threats.html

Yanis Varoufakis, the emerging rock-star of Europe’s anti-austerity uprising, said the European Central Bank is straying into murky waters by openly stating that it may cease to act as lender-of-last resort for the Greek financial system.

“These threats are perfectly illegitimate. They are trying to asphyxiate us with arbitrary deadlines,” he told The Telegraph during a lightning tour of EU capitals to drum up support.

A string of ECB officials have said in recent days that the institution would no longer accept Greek debt as collateral in exchange for loans after February 28, if Greece refuses to cooperate with the EU-IMF troika and walks away from its bail-out deal.

The move would cut off up to €54bn of liquidity currently keeping Greek lenders afloat. Syriza's leaders are fully aware that this would trigger a banking collapse, full-blown default and ejection from the euro within days. Greek officials grumble that the ECB is acting as a political enforcer without treaty authority. Frankfurt has full discretion over how it sets its own collateral rules and can change them at any time regardless of what the rating agencies say.

Watch where the money goes......straight out of Greece.......but at least they get their country back...........

"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, Feb 3, 2015 - 8:12pm
Hammer
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Little Oligarch Gone Wild –

Little Oligarch Gone Wild – Paris Hilton’s Brother Yells: “I Will F*cking Own Anyone on This Flight; They Are F*cking Peasants”

Michael Krieger | Posted Tuesday Feb 3, 2015 at 4:51 pm

“If you wanna square up to me bro, then bring it and I will f*cking fight you,” he allegedly said as well as, “I am going to f*cking kill you. I will f*cking rip through you,” and “I will f*cking own anyone on this flight; they are f*cking peasants.”

“I could get you all fired in 5 minutes,” he reportedly said while grabbing a flight attendant’s shirt at one point during the incident. “I know your boss! My father will pay this out. He has done it before. Dad paid 0k last time.”

– Conrad Hilton on an international flight

The reason I often use the terms “serfs” and “plebs” when referring to the American masses is not to insult the less fortunate; rather, it is to hammer in the fact that the oligarchs running American society see the unwashed masses as useless peasants. Naturally, they will never admit this publicly, but every now and again one of them slips up and what they really think becomes abundantly clear. Enter Conrad Hilton, Paris Hilton’s brother, and serf-master in training.

He has just been arrested for an outburst on an international flight that occurred last July. The Daily News reports the following:

Looks like daddy couldn’t save Conrad Hilton from “peasants” this time.

https://libertyblitzkrieg.com/2015/02/03/little-oligarch-gone-wild-paris...

"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, Feb 3, 2015 - 8:15pm
Hammer
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The pitchforks are coming for us plutocrats

It makes perfect sense if you think about it: If a worker earns $7.25 an hour, which is now the national minimum wage, what proportion of that person’s income do you think ends up in the cash registers of local small businesses? Hardly any. That person is paying rent, ideally going out to get subsistence groceries at Safeway, and, if really lucky, has a bus pass. But she’s not going out to eat at restaurants. Not browsing for new clothes. Not buying flowers on Mother’s Day.

https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-comin...

"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, Feb 3, 2015 - 8:22pm
Hammer
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COMER vs BoC

COMER vs BoC

update COMER VS BOC Jan 2015
"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, Feb 3, 2015 - 8:26pm
Hammer
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Nomi Prins is renowned

Nomi Prins is renowned journalist, author and speaker. Before becoming a journalist, Nomi worked on Wall Street as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, as well working as a strategist at Lehman Brothers and an analyst at Chase Manhattan Bank. In her latest book All the Presidents' Bankers: The Hidden Alliances that Drive American Power, Prins writes about an elite group of men that has transformed the American economy and government throughout the 20th century. The books spans from the Panic of 1907 and the creation of the Federal Reserve, through two World Wars, as well as the question of whether American financial power today is in decline, which is where I want to start. Nomi, welcome to Financial Myth Busting.

https://www.digitaljournal.com/pr/2458511

PRINS: The reason I think it's going to be worse is because the Great Depression and even the financial crisis, part one, that we are still going through, were based on a clash of assets and liquidity and banking confidence and derivatives and all sorts of things that were mixed together, but what all of those things which still exist behind the scenes are having now, is this additional multi-trillion dollar subsidy program by central banks throughout the world; so $4.5 trillion from the Federal Reserve, $2.5 trillion from the European Central Bank which is Europe's version of the Fed. China has come in with reducing rates and finding ways to put money into the market. You have a coordinated effort of central banks. They really just throw fabricated money into the financial system which goes first to the largest banks and then into the market, and that we didn't have before. So you have all this extra artificial money plastering over problems that haven't been solved

"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, Feb 3, 2015 - 8:28pm
Hammer
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The Big Lie: 5.6%

The Big Lie: 5.6% Unemployment

Feb 3, 2015

Here’s something that many Americans -- including some of the smartest and most educated among us -- don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

https://www.linkedin.com/pulse/big-lie-56-unemployment-jim-clifton

"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, Feb 3, 2015 - 8:35pm
Hammer
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This country has just

This country has just canceled poor people's debt

https://www.cnbc.com/id/102388026


The large and unprecedented measure was endorsed by Croatia's left-wing government on January 15. Under the measure, citizens earning no more than 1,250 kuna ($184) a month, rent their property and are unable to pay off their debts will have liabilities worth up to 35,000 kuna ($5,146) wiped off. Power companies, banks, loan companies and telecom operators are included in the scheme.

"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, Feb 3, 2015 - 8:41pm
Hammer
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Obama's 10 new

"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, Feb 3, 2015 - 8:48pm
Hammer
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Bessarabian rebels take

Bessarabian rebels take Ukrainian patrol hostage and burn call-up papers in the village square

https://fortruss.blogspot.jp/2015/02/bessarabian-rebels-take-ukrainian.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 !!!
Tue, Feb 3, 2015 - 8:51pm
Hammer
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This Is What Gold Does In A

This Is What Gold Does In A Currency War, Australian Edition

by John Rubino on February 3, 2015 · 3 comments

Australia just fired a serious shot in the currency war by cutting its overnight lending rate to a record-low 2.25%.

With the aussie as a result tanking, local holders of bank accounts and cash are quite a bit poorer than they were at this time last year. But owners of gold are doing just fine. While the metal is falling again here in the US (which is at the moment trying to withdraw from the currency war), it’s up about 20% in the past three months in countries like Australia that are on the offensive.

https://dollarcollapse.com/currency-war-2/this-is-what-gold-does-in-a-cu...

"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, Feb 3, 2015 - 8:54pm
Hammer
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US version

Gold closed down $16.50 on the Comex today at $1259.70 moving lower as tensions in Europe subside on the shorter term. Gold saw a low today of $1255.80 and seems ready to retest the low ($1254.00) seen last Thursday.

Looking at the Gold Moving Averages is important – 50 DMA ($1223.00) – 100 DMA ($1214.00) and the 200 DMA ($1252.00). Even with today's weakness we are still trading above all 3 averages – but we are closing in on the important 200 DMA ($1252.00). Just like the test last week gold must hold above $1252.00 or we will see another round of technical selling.

So why is gold moving lower? There are a number of moving parts here but the underlying reason is that it can't gain any technical strength. Before you laugh think about it – the market has been hapless since the failure to move higher than $1300.00.

https://www.cnigolddealer.com/home/2015/february/gold-moves-lower-as-gre...

"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 !!!