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

Paul Craig Roberts Rages “Free Financial Markets Are A Hoax”

http://www.zerohedge.com/news/2015-05-28/paul-craig-roberts-rages-free-financial-markets-are-hoax

http://investmentresearchdynamics.com/bullish-news-for-precious-metals-and-goldsilver-get-paper-smashed/

After stopping for drinks at an illegal bar, a Zimbabwean bus driver found that the 20 mental patients he was supposed to be transporting from Harare to Bulawayo had escaped. Not wanting to admit his incompetence, the driver went to a nearby bus-stop and offered everyone waiting there a free ride. He then delivered the passengers to the mental hospital, telling the staff that the patients were very excitable and prone to bizarre fantasies. The deception wasn’t discovered for 3 days.

Plus a steep fine and charges for any costs involved in the matter. Locked in a cage away from society and nature. Why they haven made it a nation wide felony with rewards for finding these subhumans is beyond me.

http://www.examiner.com/article/north-charleston-dog-found-with-her-muzzle-tightly-taped-may-lose-her-tongue

People you know dressed in drag. Obama Bush Kimmy.

http://capitalismisfreedom.com/world-powers-dressed-as-drag-queens/

is a brand of toilet paper.  http://drudgereport.com

spoke to an old oil hand tdy….can’t understand why oil ain;t going bananas with the ME in such turmoil..

and further to yr post……Obummer is giveing the bad guys a green light in Iraq.

White House: US won’t be ‘responsible’ for ‘security situation’ in Iraq

http://www.foxnews.com/politics/2015/05/28/white-house-isis-strategy/

https://youtu.be/MxSTmcwP4QI

IMPACT Silver Announces First Quarter 2015 Financial and Production Results

http://finance.yahoo.com/news/impact-silver-announces-first-quarter-161649479.html

Thank you for the college education I didn’t get when I went to school. Nice to be reminded how things work

The Founders did not arise from the Poor,but from the Rich who sought to be protected from those demagogues that would confiscate their wealth .Putting the Poor in charge as this country has done is stupid as they can not even take care of themselves ,but squabble among themselves for crumbs.The Founders sought only to protect PRIVATE PROPERTY & Liberty .Thats why they gave us a Republic not a democracey .Hamilton wanted a MERITOCRACY .Thats what was the incentive for WORK and being able to keep the fruits of your own labor.WE have come full circle back to Demogogues running things squabbling over what they can steal from the productive ones .They are like FLEAS on a dog if not kept in control will kill the Host from disease and blood loss.DEMOCRACY is like voting among two wolves and 1 sheep about what to have for dinner…Hamilton was right and “THE BILL of RIGHTS ” was the solution.
NO votes wanted or needed there !

The Saudis will turn to Israeli for Security….Asia will turn to China, Russia will sign alliances as is their custom ..Europe will inherit the Poor..Maybe the US will be ignored ..if we are lucky…! WE are big enough to be left alone as prior wars have demonstrated ..the world has learned not to awaken that sleeping Dog.

Sorry BG. I’m a real bastard. 🙂

Financial Insanity Grips The World

Tyler Durden’s pictureSubmitted by Tyler Durden on 05/28/2015 08:52 -0400

Via Dr.Sircus.com,

Rare is the person who is a realist. We collectively live in a world of pretend and extend. Every one of us wants our present civilization to continue, though for countless millions the world has already turned upside down as unemployment has soared and war and terrorism proliferate. The very structure of life in our world is threatened because madmen have undermined the financial system through the creation of debt instead of wealth. We have collectively borrowed against our children’s future until their very future is in doubt.

Dr. Paul Craig Roberts, former Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal thinks that insanity grips the western world. I have to agree and no one who reads the news would disagree. In the “The Sane Society” prominent psychotherapist Erich Fromm suggested that Western society as a whole was lacking in sanity; that the inequities and disharmonies of the entire society were pathological, not just the mental illnesses of people therein.

The newest mirror of financial insanity are the negative interest rates. Today if you are a manager of other people’s money, like a pension fund manager, you are forced to lend out hard-earned money at a loss, to buy worthless paper, issued by governments who only pretend they will be in any position to pay back. Bloomberg writes, “Negative interest rates are an odd fish in the world of finance given that they basically wreak havoc on a central tenet of investing; that investors will be compensated in some way for, you know, investing in things.”

The Secular Investor writes about this saying, “Who is going to save money then? Not a single soul, of course. People will start to create debt en masse, because it is the better and cheaper option. The resulting investments will rise in value, moreover, when an increasing amount of people take on debt in search for returns. Things cannot get a lot crazier than this. If this is how the system ends up working, we fear that the effects will be irreversible. It is like a black hole that sucks in more and more matter – read: capital – and never lets go. This financial black hole story will also end with a sudden implosion, a flash of light and a big bang, just like in space, and those who do not own hard assets at that point in time could lose every bit of wealth they’ve ever accumulated.”

“The negative interest rates are oppressing the elderly, robbing them of their dreams. They were told to save for retirement, but now they face negative interest rates after paying a lifetime of taxes……There is so much cash around and nothing to invest in, that we see companies buying back their own stock,” writes Martin Armstrong. “In the hunt for apparently “safe assets”, investors have thrown caution to the wind, and collectively determined to pay governments for the privilege of lending to them,” writes Jeremy Warner.

Pater Tenebrarum, writing about the new war against cash, says, “As the modern day fiat money system inevitably cruises toward its final denouement, individual rights will come increasingly under attack as the world’s ruling elites and centrally directed banking cartels begin to batten down the hatches.” “There is only one conclusion that can be drawn from such an anti-cash sentiment. Your property is no longer your own. This fundamental attack on the value of money should erupt in national outrage,” writes James Hall.

Many people are worried for good reason. If US inventories, already at record high levels, and with the inventory to sales rising to great financial crisis levels, had not grown by $121.9 billion and merely remained flat, US Q1 GDP would not be 0.2%, but would be negative 2.6%.Things are not looking good for America and the rest of the world economy. Human activity in the real world is deflating (contracting) at an accelerating rate.

The scenario (worst case) that I am betting my money on is presented by Gary Christenson, who writes, “Financial or economic collapse occurs. If credit collapses and businesses aren’t paid for products and services, the distribution system could temporarily shut down. Contemplate empty grocery shelves, empty gasoline stations, electricity and water outages, empty ATM’s, and EBT cards that don’t work.” This is exactly what to expect when our present financial system burns down to the ground.

Ambrose Evans-Pritchard writes, “The slump in the annual growth rate to 0.2pc in the first quarter does not convey the full horror of it. Once you strip out a surge in inventories – often a pre-recession warning – the economy contracted sharply. Investment in business buildings and factories fell 23pc. “A whiff of panic is in the air,” said theEconomic Cycle Research Institute.”

Charles Hugh Smith writes, “All the “saves” have done is guarantee the financial system will burn down in a conflagration ignited by a seemingly trivial spark somewhere in the vast global system of phantom collateral.”

more http://www.zerohedge.com/news/2015-05-28/financial-insanity-grips-world

You are a feelings hurter you are!

Bottom end of the range, maybe even $1175. We’ll have to see if it holds again.

If so, might be good for a “buy the dip” trade.

Who knows? The USD is on an e-ticket ride up.

Pricks

… there I said it before BG.

Well it’s tough to get away from a breakfast like Portugeezer puts up, but I’ve got lunch covered for everyone.  The Filmore & Western lunch train on the old
SP Coast line at Filmore, CA
http://www.railpictures.net/viewphoto.php?id=530574
http://www.railpictures.net/viewphoto.php?id=530573

Thanks for the coffee. I will skip my brew and head to the Inn to share yours.

Goldsource Announces Construction Update at Eagle Mountain Gold Project

http://finance.yahoo.com/news/goldsource-announces-construction-eagle-mountain-120000537.html

But for many Americans, household finances remain fragile: 47% said they wouldn’t be able to cover a $400 emergency expense or would have to borrow money or sell something, and 31% said they went without some form of medical care in the last year because they couldn’t afford it.

One in five said their spending exceeded their income over the last year, just 63% said they saved any money at all over the past 12 months and 31% of nonretirees said they had no retirement savings or pension.

“The survey results reveal a lack of economic preparedness among many adults,” the Fed said in a news release. Article

Why is it these inhumaine Industrial chicken  and turkey farms are getting the flu when these places are a distance from another and heard no  domestic chicken owners having a problem as far as I know. Are they purposly destroying food like they did long ago to bring the prices up even more?

http://www.usatoday.com/story/news/2015/04/21/poultry-turkey-avian-flu-crisis/26100287/