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Buygold-I am not thinking–at all–of a 29 crash–those were ZH readers comments–not mine

Posted by Richard640 @ 23:04 on September 20, 2020  

@goldilocks, Right, Fake Excuses To Off Shore.

Posted by Mr.Copper @ 18:32 on September 20, 2020  

But re cheap labor excuse, its really cheap Chinese Yuan result. $1 buys about 7 Yuan. So just mathematically and artificially, prices appear cheap. The Chinese labor costs are actually very generous. Our consumer dollars created at least 100,ooo new middle class just over there. The Dollar Yuan peg is still in place. The only way we can get even is to make $7 equal to 1 Yuan.

Then the multi national manufacturers harbored in Chinese, will move back here, use the artificially cheap USA labor, and make things here for export to well off Chinese consumers. Then they tell the Chinese people…”We are having things made in USA because of “cheap” labor. They can import very mathematically cheap from here and open retail stores and shut down factories like they did here.

After a while 40 some years, they will be flooded with retail stores and malls, as their middle class implodes over time without factories. They’ll be doing over head type jobs, of sales and service of  our US exports. 🙂  Just the opposite of now.

But that’s if everything goes well. As long as paper money keeps working all gov’ts can hand it out to people like candy. And live free in foreclosed homes for 6-10 years. Like here. But currencies are skating on this ice.

Mr Cooper

Posted by goldielocks @ 16:36 on September 20, 2020  

Your:
But neglected to say a falling dollar helps us export more, and makes imports more costly which is good, so we stop buying imported crap and make our own stuff cheaper at home. Home made is good. Strong dollar cheaper imports bad.

Right and the excuse they made for outsourcing too. Other wise it would cost more they say. People aren’t going to pick up and move to a communist country just to give you something cheaper. It’s cheaper labor, products and before Trump lowered it taxes and before Trump trade costs.
There should be some happy medium though.
Of the dollar is worth more then the prices even if made here with lower taxes and no overseas shipping costs anyways should not need to go up.

Richard640 @ 9:57 re Interesting Video, But Failed To Mention, $1 trillion Debt in 1980 Is The Same As $20 Trillion Debt Today

Posted by Mr.Copper @ 15:30 on September 20, 2020  

And the bank accounts shrinking value in the future would not happen if there was a deflationary trend in the housing or stock market or other things collapsing in price. He also mentioned how a strong dollar is good, and a falling dollar will make things cost more.

But neglected to say a falling dollar helps us export more, and makes imports more costly which is good, so we stop buying imported crap and make our own stuff cheaper at home. Home made is good. Strong dollar cheaper imports bad.

Because the whole country (like the big retail store on the planet) has been buying more than we are selling, for decades, like a store, we now have lots of inventory, and no money. So the author of the video made some very good points and nice charts, but in reality he’s just an author not up to speed on what happened why it happened when it started etc.

Way too deep to summarize, but if you can watch 30 minutes of this and then not watch the rest, you are in complete denial of what is taking place right before our eyes.

Posted by silverngold @ 15:21 on September 20, 2020  

One main point I will disclose, and that is that no one is going to save us from what is being done to us. We have to collectively wake up to what the real agenda is and band together to stop it. Together we can beat this but divided we are doomed. Once you “see” this, you cannot “unsee” it, so PLEASE, watch this and WAKE UP!

I have a new found respect for Jim Cramer – He calls Pelosi “Crazy Nancy” to her face in an interview

Posted by Buygold @ 12:36 on September 20, 2020  

it’s a beautiful thing, even though he apologizes…

So R640

Posted by Buygold @ 12:20 on September 20, 2020  

You got a few posts there. What are you thinking about now and the relationship with 1929?

Are you still thinking a crash is coming?

The big difference I see between now and then is that computers, unlimited data entered funds, and algorithims control the markets today. So, unless someone intentionally pulls the plug, it seems to me it’s virtually impossible to crash the markets for any significant length of time.

Timing it is virtually impossible.

This Video Will Get Donald Trump Elected! (you may have to click on the url for it to play)

Posted by silverngold @ 11:59 on September 20, 2020  

 

https://youtu.be/zR8Slr1b5NE

2020-09-20_08-56-50

If this has been posted already, my apologies! IMO this is all just a cover while they install 5G in preparation for the new world monetary system.

Posted by silverngold @ 11:33 on September 20, 2020  

Suddenly, Bill Gates isn’t so sure the FDA can be trusted with a COVID-19 vaccine

Image: Suddenly, Bill Gates isn’t so sure the FDA can be trusted with a COVID-19 vaccine

(Natural News) Can the FDA be trusted when it comes to the COVID-19 vaccine?

Many Americans have their doubts, and one high-profile voice expressing concern is Bill Gates. And if the Microsoft co-founder and passionate vaccine advocate is concerned, you know it must be really bad.

Of course, his concerns are probably coming from a different place than many of us. After all, he wants to see the vaccine administered to everyone on the planet, making statements about the Big Pharma companies developing the vaccine such as: “These companies are very professional and the benefits of the vaccine here are very dramatic. Thank goodness that we have this private-sector expertise that we want to shape into a global public good that gets to everybody on the planet.”

There’s also the fact that he has reportedly been funding the use of a special dye with nanocrystal quantum dots to be placed into the vaccines that emit near-infrared light that can be detected using smartphones to signify that a person has been vaccinated. It’s pretty clear we can’t trust Gates, either.

Gates said the FDA has lost credibility in his mind in recent years. In particular, he cited recent comments made by FDA Commissioner Stephen Hahn, who has been accused of exaggerating a Mayo Clinic study’s findings on the benefits of convalescent blood plasma as a coronavirus treatment.

“We saw with the completely bungled plasma statements that when you start pressuring people to say optimistic things, they go completely off the rails. The FDA lost a lot of credibility there,” he said.

Of course, he failed to mention an even bigger problem with Hahn, which is his insistence that hydroxychloroquine is causing harm to patients despite scientific and anecdotal evidence to the contrary from doctors who have successfully used this treatment. That’s probably pretty convenient for his mass vaccination agenda, so we won’t see him criticize anyone suppressing HCQ any time soon.

The FDA will have to approve any coronavirus vaccine before it can go to market. Gates told CNBC that of all the pharmaceutical companies working on a vaccine, only Pfizer has the potential to deliver one in a matter of weeks. Not surprisingly, the Gates Foundation owns shares of Pfizer.

Most Americans are skeptical of any coronavirus vaccine

Recent polls have shown that most Americans are concerned that the vaccine is being rushed. A CBS News poll found that two thirds of American voters said that should a vaccine be announced this year, their first thought would be that it had been rushed through with inadequate testing rather than considering it a scientific achievement that occurred quickly. Of that group, only 13 percent would be willing to get the shot as soon as possible.

People are also losing faith in the CDC. In March, 86 percent of voters said they trusted the CDC to provide accurate information about coronavirus; that figure now stands at just 54 percent. There have also been drops in those who trust their state’s governor, President Trump and the media for accurate information about the disease compared to this spring.

Meanwhile, when asked in a Gallup poll if they would be willing to a get a COVID-19 vaccine that had been approved by the FDA and was given to them at no cost, 35 percent of Americans said they would not.

As right as Gates is not to trust the FDA with this matter – or any matter, really – hearing this skepticism coming from him is a case of the pot calling the kettle black. The FDA might actually be slightly more trustworthy than Bill Gates on vaccines, but it’s a very low bar indeed.

A ZH reader=Share buybacks were found to be a cause of the 1929 crash and made illegal in the 1930s.

Posted by Richard640 @ 9:57 on September 20, 2020  
As a CEO, I can use the company’s money to do share buybacks, to boost the share price; get my bonus and top dollar for my shares.
What is there not to like?
Share buybacks were found to be a cause of the 1929 crash and made illegal in the 1930s.

 

What lifted US stocks to 1929 levels in 1929?
Margin lending and share buybacks.
What lifted US stocks to 1929 levels in 2019?
Margin lending and share buybacks.
A former US congressman has been looking at the data.
https://www.youtube.com/watch?v=7zu3SgXx3q4

 

Milton Freidman rehashed 1920s economics and managed to pass it off as something new.
He didn’t fix any of its major problems.

ZH reader

Posted by Richard640 @ 9:52 on September 20, 2020  
6 hours agoWAKEY WAKEY TIME
They had that problem the last time they believed in free markets.
At the end of the 1920s, the US was a ponzi scheme of inflated asset prices.
The use of neoclassical economics and the belief in free markets, made them think that inflated asset prices represented real wealth accumulation.
1929 – Wakey, wakey time

 

In the 1930s, they pondered over where all that wealth had gone to in 1929 and realised inflating asset prices doesn’t create real wealth, they came up with the GDP measure to track real wealth creation in the economy.
The transfer of existing assets, like stocks and real estate, doesn’t create real wealth and therefore does not add to GDP. The real wealth creation in the economy is measured by GDP.
Real wealth creation involves real work, producing new goods and services in the economy.
Inflated asset prices aren’t real wealth, and this can disappear almost over-night, as it did in 1929 and 2008.

A ZH reader…

Posted by Richard640 @ 9:42 on September 20, 2020  
13 hours ago
Many people I know that never touched stocks, have become degenerate gamblers in the past 6 months. 
Some already lost most of their money, one had the audacity to ask me to lend him money (which I don’t have anyway) because “now he figured it all out and he could make 100% returns using options”.
Most Casinos in the US are closed, maybe those gamblers moved to stocks as well. 
Right before the great depression you had the same thing happen. Everyone was gambling with stocks, banks were letting people trade on margin just like now.
The gamblers today don’t even care about what they invest in, all they do is look at a chart, they see at some point the stock was 70 and now its 40, they buy.

Bat Clap PCR test is worse than useless.

Posted by Maddog @ 2:57 on September 20, 2020  

Dr Mike Yeadon is the former CSO and VP, Allergy and Respiratory Research Head with Pfizer Global R&D and co-Founder of Ziarco Pharma Ltd.

Lies, Damned Lies and Health Statistics – the Deadly Danger of False Positives

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