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

I lived fat, dumb, and happy….had a wonderful life until I sold my ranch and moved back into society at about age 55. Boy, did I get a wake up call then. Kinda like being in a coma for 20+ years and then waking up on a different planet. ;o(

There is so much crap going down. that it can be overwhelming. The first 50 years of my life, my only concern was providing for my family. Ignorance is indeed bliss!

I’ve been enjoying the show, ever since Joe Sixpack, in 2008, stopped paying off his debts. the first ones butt slammed were the bankers. I knew that day, China, Europe and all those blood sucking socialist communist countries sucking off the USA were going to go down, one by one. Simple logic. Less American consumer dollars available to prop up the other nations.

“Socialism is fine, until you run out of other people’s money to spend” Margaret Thatcher quote. We finally got the big crash in ’08 that I was expecting since 1980. Global socialism (globalization) is finally failing, after 2008. Redistributing American’s consumer and investment dollars to other countries since 1975, has peaked in summer ’08.

The USA was in a “stealth” depression since 1980 to March 2009. Covered over in various ways, with tax payer dollars and higher credit limits until it got uncovered. China is next to get wealth siphoned off for the next 30 years, they can afford it now, we can’t. We are now like China was in 1979.

I’ve noticing the gov’t media pushing a lot of “higher wages needed” hoopla. Back in ’75 just the opposite, lots of “UAW auto workers wages too high ruining the country” hoopla.

Higher wages for hamburger flippers, will automatically raise all other occupation wages accordingly. Pecking order of occupations. The deflation (or wages lagging inflation) in tax payer sector, has been dragging everything down.

Ultimately, all foreign gov’ts, and global corporations depend on the taxes and wages and the best wherewithal of the USA masses. Greed has finally caught up to Robin Hoods, that were sucking the USA dry.

Take a bow, before the next 1914 gets rolling.

CAFR (Comprehensive Annual Financial Report) Collateral Accounts:
Taxes And Government Fraud Against Citizens Around The World

“Greek Drama” is like a PLAY where each player Struts and Frets his hour upon the Stage,Full of Sound and Fury…signifying Nothing…

Greece printing euros would instantly wipe out the value of the debt denominated in euros as well as wipe out most of the value of savings and purchasing power of earnings i .e. Greece would effectively be printing money to inflate its way out of the crisis and thus the Greek inflation rate would soar.

The reason why this is so dangerous is because contagion would be immediate in that German Euro notes would be deemed as being the most valuable and those of the PIIGS nations being marked down in value as each Euro note serial number is marked with the country of origin prefix as the following Italian euro note illustrates that is identified by S –

List of Euro country of origin prefix:

Belgium Z
Germany X
Estonia D
Ireland T
Greece     Y
Spain     V
France     U
Italy     S
Cyprus     G
Luxembourg 1
Malta F
Netherlands P
Austria N
Portugal M
Slovenia H
Slovakia E
Finla

keep your eyes on China !   If they turn to GOLD as their Stock Market crumbles and if THEY impose Currency Controls all HELLS going to break loose…Gold, Silver, Bit Coins BIT GOLD et AL..

they showed the Greeks how to do it..  The Mericans made bad loans to Mortgage payers who couldent possibly pay them back didn;t they ?  The gubberment forced the banks to do it “you cant deny a mortgage loan to anyone “just because they cant pay it back” you Racist Banksters you !

Whats different from that and the Greeks ?

https://www.youtube-nocookie.com/embed/zuVsHt3rBnc?rel=0

Playing “Good COP,Bad Cop” with Germany and IMF

..now the Good Cop can make a deal with Germany and IMF..

If NOT ! Greece can print its own “YOU OWES”  look a LIKE Euros  with a Little “Y” added on to identify them from the rest…HaHA ….Then they can devalue the Euros with the little “Y” added ….If that dont work they can sell entry to Europe for all of Africa and China  for a fee of coarse…hehe.  In the end they will renew all Greek loans with a proviso that they pay back on a regular schedule with 10 % of previous loans to satisify IMF and German Banks so they dont have to write off anything ..its all a bookkeeping entry of coarse because they will get enough new loans to pay back old loans plus interest .If NOT Deutschbank is busted because their net Capital is equal to the Greek Loans also American Hedge Funds and Mutual Funds Hold 70 % of Euro loans because it pays more interest because of the higher risk..hehe..So Merica is in that sinking boat toooo.Zero interest in Merica caused them to “invest” in Europes “HIGH RATE” Bond MArkets to get Yield…hehe

You think Merica is immune from Greece problems …think again…hehe

Bit Coin and BIT Gold here we come !

JADE HELM: THE HARD CORE TRUTH FINALLY EXPLAINED!

https://youtu.be/K4310XOz4tc

re Greeks

The World that the Banksters have created for themselves is one that effectively has no consequences, so far only they and Politicians have enjoyed that priveledge….One can argue that the Greeks have decided to join in….so once again are in the forefront of Society…and may yet cause the downfall of FIAT money, that has no basis.

For once the No Consequence Priveledge becomes widespread, no paper has value.

Hongcha

NO. We are at all-in costs but that will be busted to mine the rich vein of stop losses and to set up bankruptcies so the cartels can swoop in and buy assets for pennies on the dollar. And the mines will not stop mining if the spot stays below costs. The mines will need the cash flow and will operate at a loss rather than shutter operations – setting up no shortage of inventory – which a lot of PM bulls are counting on to self-regulate the spot price.

PM is a dead market at this time. I will look again at silver at ~ $12, and gold ~$1050.

The Greeks insist on living the 20th century deluxe industrial age lifestyle, complete with 24/7 electricity, cheap groceries, cushy office jobs, early retirement, and plenty of walking-around money. They’ll be lucky if they land back in the 1800s, comfort-wise.

What happens in the case of untenable complexity is that it tends to unravel fast and furiously. That’s exactly why avalanches and earthquakes happen all at once, not stretched out over a six week period. The global financial scene not so different. It’s just another matrix of linked mutually-supporting relationships that can implode if a few members weaken.

One question worth reflecting on is whether the implosion is actually well underway on-the-ground in real economies, with just the scrim of illusion to make the surface appear intact. That surely seems to be the case in the USA, where the so-called economy has already avalanched into a rubble heap of part-time scut jobs, defaulted college loans, underwater mortgages, and groaning pension funds — with an overlay of pointless and endless motoring.

Over in Euroland, the Greek “no” also implies that every other sovereign nation wallowing in deep financial shit will demand a haircut (and a disinfectant shower). Italy, Spain, Portugal, Ireland, and even France cannot possibly meet their debt obligations. Their citizens are being taunted with currency controls, too, and they have every bit as much potential to go ape-y as the Greeks. Notice you haven’t heard much from their leaders and financial ministers in recent weeks. They are all standing on the sidelines watching the Greeks go through the wringer — but you can be sure they are all making plans of their own.

The failure of the European experiment will be extremely demoralizing to the hopeful citizens of that continent, who emerged from the bloodbath of the early 20th century to become the world’s premier peaceful tourist theme park. I don’t know that they necessarily have to go back to fighting each other on battlefields with things that blow up and destroy human flesh, but they surely have to decentralize and re-fashion some kind of simpler, local way-of-life if they expect to remain civilized.

It’ll happen everywhere. The Japanese are next, of course, and they may be the most fortunate, since they retain more than a few shreds of memory for exactly that mode of life: the Tokugawa shogunate (the Edo period, 1600 – 1853), a manner of high pre-industrial economy and culture that might have persisted indefinitely had not Commodore Perry come knocking on their door, so to speak, in his “black ships.”

Ukraine is about halfway back to being medieval with excellent potential to overshoot even that. The Euroland PIIG(F) nations don’t have the energy resources to extend Modernity, even if the banking system wasn’t terminally ill, and then on top of that they have the ethno-demographic quandary of creeping Muslimization — plus the additional flotillas of desperate boat people arriving daily.

America, count your blessings. Tattoos, obesity, drug use, and shiftlessness are all basically behavioral choices. You don’t need a finance minister or a central banker to overcome those problems.

http://www.silverdoctors.com/former-us-mint-director-clueless-on-gold-in-fort-knox/

Great words…..so how can America continue to support and condone a president who is making, or has made, a patriot into a domestic terrorist because he wishes to protect and defend the Constitution???????? Isn’t it way past time to clean house and take America back??????????

Is lost to the West!

The only way to stop the bleeding is to cut it off
and cauterize the wound, or not.

If you let it degenerate to germinate to gangrene –
the outcome is not Greece for itself – IT will be
the IMF and consorts will try to cull the Greek
“misfits” once and for all (who Needs a few Million
paupers?), their government tries to get a life?
A new life, costing their life! Ha their hero, the
former Minister of finance has already seen the light
of reality and “was asked”to resign! Huh just one
Little “s” between reign and ist Counterpart resign!

Poor guys; As you can’t still stand up to the
criminal Forces of the ……. put in your own
favourite monstrosity and try to tell yourself
it’s a bad dream … come true – and you, who
have seen it coming construe an untrue history
of undue FED and GOV to screw everything day
and night … until their might is only,though
together with the “Troika” forfeit.

As it seems the Greek financial Troubles are
in limbo, or akimbo.
Not knowing if defaulting officially or just
for the fraudulent keepers of a Western off(ic)al
monetary System based on fraud. Better, based on
debt only!Nowadays on derivatives in notional
values up to quadtrillions with absolutely no
counterparties beneath our Milky Way.

Let’s hope, we may be soon able to
to maroon these political, monetary and other
eco criminal goons to the moon,
and even farther.

rip
frr

Welcome to Blackswansville

W hile the folks clogging the US tattoo parlors may not have noticed, things are beginning to look a little World War one-ish out there. Except the current blossoming world conflict is being fought not with massed troops and tanks but with interest rates and repayment schedules. Germany now dawdles in reply to the gauntlet slammed down Sunday in the Greek referendum (hell) “no” vote. Germany’s immediate strategy, it appears, is to apply some good old fashioned Teutonic todesfurcht — let the Greeks simmer in their own juices for a few days while depositors suck the dwindling cash reserves from the banks and the grocery store shelves empty out. Then what?

Nobody knows. And anything can happen.

One thing we ought to know: both sides in the current skirmish are fighting reality. The Germans foolishly insist that the Greek’s meet their debt obligations. The German’s are just pissing into the wind on that one, a hazardous business for a nation of beer drinkers. The Greeks insist on living the 20th century deluxe industrial age lifestyle, complete with 24/7 electricity, cheap groceries, cushy office jobs, early retirement, and plenty of walking-around money. They’ll be lucky if they land back in the 1800s, comfort-wise.

more http://kunstler.com/clusterfuck-nation/welcome-to-blackswansville/

Iran has successfully repatriated this week 13 tons of gold as part of a package of sanctions relief provided by the U.S. and other five global powers, the head of the country’s central bank (CBI) announced.

The bullion was transferred from South Africa, which had been holding onto the assets due to sanctions meant to pressure Tehran to rein in its nuclear program.

The head of Iran’s central bank, Valiollah Seif, noted the gold had not been transferred to Tehran before “because of illogical problems created under the pretext of sanctions,” Tasnim News Agency reports.

more http://www.mining.com/iran-brings-13-tons-of-gold-back-home-after-latest-round-of-nuclear-talks/

Unstable ground conditions are proving to be a major hindrance for Iamgold at the Westwood gold mine, in the Doyon-Bousquet – LaRonde mining camp in Quebec.

Seismic issues – mostly mining-related – at underground mines in the region are nothing new and can require extensive monitoring and management.

But, after a couple sizeable rock bursts, Iamgold is now having to peddle back on projections and reconsider how much gold it can produce at the mine.

Back in January four Iamgold workers were stuck, briefly, underground after a rock fall blocked access. Then, in a similar incident in May, nine workers were again blocked by a rock fall.

The latest incident forced a hefty production cut with guidance falling from 110,000-130,000 ounces gold (oz) to 60,000 to 75,000oz in 2015 at Westwood. Iamgold reported the revised outlook for 2015 last week, noting mining could not go ahead on one level, and that the extent of the issue was more serious than management previously thought.

more http://www.mineweb.com/news/iamgolds-troublesome-mine/

[I dunno how Zero Hedge-Durden-knows this but that’s what he wrote]

Gold failed to hold onto early gains and trended lower overnight, before consolidating in negative territory in early European trade, amid the ongoing concerns over growth prospects in China. The drop in gold is due to further central bank intervention, this time by the BIS’ FX and gold trading desk under the auspices of Benoit Gilson. At the same time, the risk averse sentiment weighed on the energy complex, with WTI and Brent Crude futures trading lower.

http://www.zerohedge.com/news/2015-07-06/tumbling-futures-rebound-after-varoufakis-resignation-most-china-stocks-drop-despite

http://finance.yahoo.com/news/sandspring-announces-proposed-acquisition-pno-130000998.html

Did you see where the Chinese are going to allow margin debt in the stock market to be backed with real estate? So … one leveraged investment is going to be supporting another leveraged investment. That can’t end well!