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emory Lane From 7/24/07

Posted by Mr.Copper @ 21:37 on July 29, 2014  

Affordable Jobs, Fed Screwed, Like The ‘20’s
Good Afternoon All And Vronsky Too
(Mr.Copper) Jul 24, 13:00
Just heard CNBC mention “affordable” health insurance.
I remember the first dumb media statement, starting years ago was a need for “affordable” housing.
What next do we need, that these idiots that write what’s told to us? We need?
“Affordable” gasoline. “Affordable” heating oil? “Affordable” food?
“Affordable” auto repairs? “Affordable” taxes? “Affordable” public employees? “Affordable” defense spending?
I think what we really need is an “affordable” honest currency that holds it value, and or affordable jobs. 🙂
Can you imagine a squirrel hoarding acorns for the winter? And the acorns get smaller while they sit there?
The poor little guy will need to work twice as hard and need twice as many acorns. It will also make him look greedy.

@HalfMonty 11:16
(Mr.Copper) Jul 24, 13:11 <<>>
Re your:
“As for the broad market, I agree that a crash would reflect a systemic hit and perhaps would be something akin to 1929.”

I have similar thoughts for the present situation. The Fed’s roaring ’20’s inflation caused a contraction.
Naturally they blamed “protectionism”, not excessive easy money creation. I read they had 90% margin on stocks back then.
Everybody sustained losses, even people with bank accounts lost money. Today’s “bank accounts”? Real Estate.
Everybody will be affected by these uninsured losses. I also read all immigration was banned in 1934, just like today.
I think TPTB know what we know but don’t let on. Watch what they do, not what they say. 🙂

@CMH
(Mr.Copper) Jul 24, 13:20
That Dummy/Dollar keeps teasing us. I’m waiting, not patiently, to see it in the 70 area.
Maybe an interesting news item will push it over the edge soon.

Mr Cooper
(SeattleSun) Jul 24, 15:48
I have seen this movie before.
Exited my trading position in PM equities today.
SS

@SeattleSun 15:48
(Mr.Copper) Jul 24, 17:02 <<>>
Roger that SeattleMan, we’ve certainly seen this before many times.
I sold 3 s/t Uran positions when 2 of 3 went under water. Held my s/t MDG, MNG, NTO Gold positions. Took the RNO out on the 19th.
Its just another annoying time delay. Five steps forward and 3 steps back. Sooner or later the dumb as a stump Fed WILL drop rates and propel us imo.
Especially if they see people losing money in the stock market again. Big investor losses after march ’00, and now real estate losses building up.
They MUST be sweating this out. They usually “tap” the brakes (with words lately) on running markets.
If the brakes “lock up” on their own, the idiots WILL probably panic and drop rates.
But really, what good would it do? Buy a little more time? 🙂

@HalfMonty 11:16
(Mr.Copper) Jul 24, 17:19 <<>>
Re your:
“As for the broad market, I agree that a crash would reflect a systemic hit and perhaps would be something akin to 1929.”

I have similar thoughts for the present situation. The Fed’s roaring ’20’s inflation caused a contraction that could not be over ridden by more immigrants, like now, since they already had too many from prior decades.
Naturally they blamed “protectionism” and the Gold standard for the depression, not excessive easy money creation. I read they even had 90% margin on stocks back then. Geez what idiots, just like today with houses 110% margin.
Everybody sustained losses after the ’29 crash, even people with bank accounts lost money. Today’s “bank accounts”? Are Real Estate.
Everybody will be affected by these heavy uninsured losses. I also read all immigration was banned in 1934, just like today.
Immigrants are inflationary and deflationary at the same time. Drive up rental food tax costs etc, and drive down general wages.
I think TPTB know what we know but don’t let on. Watch what they do, not what they say. 🙂
So far they are maintaining the status quo US trade deficit with China. They’ve done exactly nothing since day one in that regard, so they MUST want that to go on until the last retail store closes up. 🙂

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.