OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

R640 post @ 21:58

Posted by amals @ 22:46 on December 9, 2019  

This is one of the things that really troubles me.  I see the reality of what’s been happening and wonder how long it can go on.  For about fifteen years I have believed we are headed for financial meltdown, and have preached it as a caution to family and friends.  This fiat expansion is unsustainable and has to collapse. Yet the game goes on.  And on.  And, according to the author of R’s post, on some more… ten years more.  Can it?  How will it end?  What will make it end?  A loss of confidence in fiat currency?  By whom?  The ones who are seeing their stocks rise and rise?  Not likely.  It’s so discouraging to be on the wrong side of a trade for such a long time simply because it shouldn’t be.  But it is, and continues to be.  I am one of the people in that post, ranting that it can’t be, all the while watching as it is what it is.  Are you one of those people, too?  Any thoughts about changing your position?

I’m about to go buy Zimbabwe bonds and JPM stock

Posted by Aguila @ 22:45 on December 9, 2019  

and the rest of it I’ll spend on FREON

Money is funny but I’m not laughing anymore

a copper colored dawn??

Posted by treefrog @ 22:34 on December 9, 2019  

copper stocks rising, on the cusp of a breakout…

copper (metal) prices rising…

copper has in the past, often been the bellwether of a commodities bull.

it may be too early to break out the bubbly, but there’s room for optimism.

Stocks, bonds have a foundational bid underneath them for the next decade=Peter Lynch meets Warren Buffet type equity analysis of yesterday

Posted by Richard640 @ 21:58 on December 9, 2019  
A ZH READER OPINES:
Only honest assessment of reality Team Tyler has posted in 10 years. 
As i’ve been writing for multiple years now’
The equity market is going higher. You dont have to like the reasons. But if you are a trader, you position correctly to the marketplace. 
And it is blowing you kids and these authors minds.
  • On one hand they acknowledge the global profligacy of fiat creation (inflation) by virtually every central bank
  • They understand that banks around the world (who the primary recipients of these inflated fiats) distribute these fiats via loans to govts, corps, small biz and consumers. (Bonds and equities..so there is an incredibly massive standing bid for these assets…to just deploy capital)
  • They comprehend that policy makers are the ones giving the money directly to the consumers via handouts and tax breaks, but this is markedly harder then it is for the CB’s to orchestrate
  • For 20 years now they see these kids have valued these companies on clicks, page-views and likes over traditional revenue GAAP metrics
  • And recognize HFT (which amounts to 80% of equities trading), has models that virtually ignore valuation metrics and are algorithmically looking at technical set-ups, trends and literally “tweets”
EVERYTHING i wrote above, they know about. 
  • And put that all together and you have tons of liquidity schloshing around the system, chasing assets, ignoring yesterdays valuation heuristics.
  • And yet, we continually get these articles blatantly ignoring the realities above, and reverting back to some Peter Lynch meets Warren Buffet type equity analysis of yesterday, in a world that has just inherited trillions of dollars in profligacy, sitting uninvested, and needing to be deployed…and they’re shocked??????? 
And it is blowing their minds apart. They cannot come to grips with it because to them, it “doesn’t seem right” or is “broken” or “fake”.
HERE’S THE NEWS FLASH: WE do NOT get a chance to have a meaningful say wether or not you agree with it. What any of you THINK really…. is absolutely 100% irrelevant. They CBs are printing in NYC, in Brussels and in China for a minimum of 15 years.. 
You play the cards you’re dealt. Stud Poker. 5 cards. Thats it. They’re profligate, and going to inflate fiat and debts for 15 years.
Many here,  see and comprehend what they’re doing (their hands), hate it, and are throwing your cards up in the air like children.
Do yourself a favor…go buy a CD and Cryptos and get out of the kitchen if you can’t stand the heat.
Stocks, bonds have a foundational bid underneath them for the next decade.

The article by Diane Francis in today’s Financial Post lays out the prospects for

Posted by Equisetum @ 20:11 on December 9, 2019  

the two-thirds of Canadian voters who carelessly gave temporary and illusory governing power to the unstable left-leaning side of the political spectrum in Canada ( namely, the Liberal Party of Canada, the New Democratic Party, the Green Party, plus a sizable contingent of newly-elected and left-leaning members of Parliament from Quebec) .  The Diane Francis article would not link for me to post here, but it can be accessed under the title “The inevitable Trudeau recession will ravage the West and the middle class”.  I hope you lefties sink the furthest into the economic hell-hole you have just set up for the rest of us.

Back to $gold talk

Posted by Samb @ 19:27 on December 9, 2019  

Despite all the important goings on, there is still the state of the gold market to consider. And despite the Friday  gold market debacle re: the blowout jobs report…All my signals remain GO, and I’m all in long. Perhaps a few days or even a week early but, I have now solid signals that we have entered a new intermediate long cycle.

Alex Valdor

Posted by Maddog @ 18:51 on December 9, 2019  

Re Horowitz…..no society can survive a two tier system, something will crack eventually.

Posted by Maya @ 18:39 on December 9, 2019  

stg120519_color

 

Well , the Horowitz report appears to be a coverup .

Posted by Alex Valdor @ 17:38 on December 9, 2019  

Very sad !

Volcker and buddies :

Posted by Alex Valdor @ 16:09 on December 9, 2019  

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Gold and Economic Freedom by Alan Greenspan 1966

Posted by Mr.Copper @ 14:44 on December 9, 2019  

Parts:

“With a logic reminiscent of a generation earlier, statists argued that the gold standard was largely to blame for the credit debacle which led to the Great Depression. If the gold standard had not existed, they argued, Britain’s abandonment of gold payments in 1931 would not have caused the failure of banks all over the world. (The irony was that since 1913, we had been, not on a gold standard, but on what may be termed “a mixed gold standard”; yet it is gold that took the blame.)

But the opposition to the gold standard in any form — from a growing number of welfare-state advocates — was prompted by a much subtler insight: the realization that the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state). Stripped of its academic jargon, the welfare state is nothing more than >>>a mechanism<<< by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

complete story:

https://www.cnbc.com/2019/12/09/paul-volcker-the-carter-reagan-fed

GS used to be smarter than this.

Posted by Maddog @ 11:26 on December 9, 2019  

Goldman Bails-Out Softbank With $1.75 Billion Loan To Bail-Out WeWork

https://www.zerohedge.com/markets/goldman-bails-out-softbank-175-billion-loan-bail-out-wework

Floridagold

Posted by Maddog @ 10:05 on December 9, 2019  

If u check out the Zerohedge eulogy about Volker, u can see that they are ex bond traders, as they call him the last great Central Bankers and all that have come since as trash, especially Greenspan !!!!!

Paul Volcker, the Carter-Reagan Fed chairman who beat inflation, dies at age 92

Posted by Floridagold @ 9:42 on December 9, 2019  
  • As Fed chief under Presidents Carter and Reagan, Paul Volcker helped tame inflation, but with 20% interest rates that also crunched the economy.
  • “Volcker set the table for the long economic expansions of the 1980s and 1990s,” former St. Louis Fed President William Poole said in a 2005 tribute.
  • After the Great Recession, Volcker inspired a namesake regulation, the Volcker rule, which sought to rein in commercial banks by prohibiting them from making risky investments in hedge funds and private equity firms.

https://www.cnbc.com/2019/12/09/paul-volcker-the-carter-reagan-fed-chairman-who-beat-inflation-dies-at-92.html

Great links , Maddog ! Thanks

Posted by Alex Valdor @ 9:08 on December 9, 2019  

Repo crisis explained……hint…..it ain’t technical and it sure ain’t good

Posted by Maddog @ 4:43 on December 9, 2019  

https://www.zerohedge.com/markets/fed-was-suddenly-facing-multiple-ltcms-bis-offers-stunning-explanation-what-really-happened

Imo….This is zerohedge at it’s best

More background on what Fall st is upto

https://wallstreetonparade.com/

Gold Train

Posted by Maya @ 1:52 on December 9, 2019  

rrflasher-copy

Railroading the Andes mountains
https://railpictures.net/photo/712326

 

Speaking of cars…

Posted by Maya @ 1:43 on December 9, 2019  

sub-mrz120619-color-1mb_orig

 

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