Mr.Copper
Gee I wonder if “asset purchases” would benefit the 1%?
Ipso 10:30
re The Fed should use its asset-purchase tools.
Comment:
These buffoons would be better off just giving the money in weekly paychecks to people earning under $30,000 a year. They would spend it. Or give it to people with big credit card balances to pay down the debt.
Another option, my favorite, put $100 bills in with the circulars, rubber stamp them: “Not to be deposited, saved or invested, for spending only” and put an expiration date on them.
Production of goods is so efficient with robotics etc, TPTB will NEED all the under paid and high debt people.
There is talk lately that the gov’t will eventually have to just give people a minimum weekly salary.
A made a post many years ago about….What if one man had a machine that produced all our needs. WE could all retire.
Linux Ubuntu new SPY terms just like the Video GAL said yesterday
They log your keystrokes,sell your info ,but so generously allow you to opt out if you bother to read the terms
This is the SAME policy that WINDOWS 10 implimented
YOU THOUGHT WINDOWS 10 WAS FREE ? …… BEWARE OF GEEKS BEARING GIFTS !
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WANKA @ 10:34
Roger that. He once e-mailed me way back that I had 5,000 followers/
Not a surprise
A boardroom coup at Mineral IRL
Executive Chairman Daryl Hodges voted out by an overwhelming majority of shareholders at the company’s AGM.
http://www.mineweb.com/news/gold/a-boardroom-coup-at-mineral-irl/
Gold Surges On NIRP Hint
Gold Surges On NIRP Hint
Tyler Durden’s pictureSubmitted by Tyler Durden on 08/28/2015 09:45 -0400
The Fed’s ultimate dove has been unleashed and this time he means business. Faced with the inevitable rate hike, Kocherlakota has come out swinging to explain how cataclysmic inflation is and why The Fed should use its asset-purchase tools and lower interest rates further… i.e. to negative… Gold reacted instantly…
*KOCHERLAKOTA SAYS FED HAS ASSET-PURCHASE TOOLS
*KOCHERLAKOTA: THERE ARE WAYS TO LOWER INTEREST RATES FURTHER
more http://www.zerohedge.com/news/2015-08-28/gold-surges-nirp-hint
Joe Sixpack learned a lesson in 08
Fed Up Investors Yank Cash From Almost Everything Just Like 2008
Mom and pop are running for the hills.
Since July, American households — which account for almost all mutual fund investors — have pulled money both from mutual funds that invest in stocks and those that invest in bonds. It’s the first time since 2008 that both asset classes have recorded back-to-back monthly withdrawals, according to a report by Credit Suisse.
Credit Suisse estimates $6.5 billion left equity funds in July as $8.4 billion was pulled from bond funds, citing weekly data from the Investment Company Institute as of Aug. 19. Those outflows were followed up in the first three weeks of August, when investors withdrew $1.6 billion from stocks and $8.1 billion from bonds, said economist Dana Saporta.
“Anytime you see something that hasn’t happened since the last quarter of 2008, it’s worth noting,” Saporta said in a phone interview. “It may be that this is an interesting oddity but if we continue to see this it could reflect a more broad-based nervousness on the part of household investors.”
Withdrawals from equity funds are usually accompanied by an influx of money to bonds, and an exit from both at the same time suggests investors aren’t willing to take on risk in any form. While retail investor sentiment isn’t the best predictor of market moves, their reluctance could have significance, Saporta said.
“It might suggest households are getting nervous about holding investments, and that could lead to some real economic implications including cutting back on spending,” she said. “Should the market turn lower again, it will be interesting to see if we have the traditional move back into bonds or if households move to cash.”
After an 11 percent plunge in the Standard & Poor’s 500 in the past week, investors are searching for signs of strength in the U.S. economy in the face of slowing growth abroad. The S&P 500 gained 2.4 percent Thursday as data showed gross domestic product rose at a 3.7 percent annualized rate, exceeding all estimates of economists surveyed by Bloomberg.
While the flows out of mutual funds suggest retail investors — who held 89 percent of U.S. mutual fund assets last year, according to ICI — may not have faith in financial markets, recent economic data show the average American is spending more. Sales at U.S. retailers rose 0.6 percent in July and the prior two months were revised up, according to Commerce Department data on Aug. 13.
Good morning Oasis
Freeport-McMoRan Statement Regarding Carl Icahn Filing
http://finance.yahoo.com/news/freeport-mcmoran-statement-regarding-carl-204200057.html
First Majestic and SilverCrest Announce Receipt of Interim Order and Mailing of Meeting Materials
http://finance.yahoo.com/news/first-majestic-silvercrest-announce-receipt-204529708.html
Batero Gold Corp. Acquires Common Shares of CB Gold Inc. in the Open Market
http://finance.yahoo.com/news/batero-gold-corp-acquires-common-215032859.html
Treasury Metals Announces Updated Resource Estimate at Goliath Gold Project: “Measured” and “Indicated” Resources Totals 1,165,800 Gold and Gold Equivalent Silver Ounces (AuEq)
http://finance.yahoo.com/news/treasury-metals-announces-updated-estimate-140000765.html
Silver Train
They have put us in a deep, cold hole,
but don’t worry. We will roll out of this.
http://www.railpictures.net/viewphoto.php?id=543537
@Wanka re V-Ster
Just stopped by yesterday, and saw your handle in a few places, I think of you down there occasionally, and just wanted to say hello my friend.
Re V-Ster? My son John said to me once, that V-Ster name is phony. He took it from the Deer Hunter movie. Robert De Niro’s part Michael Vronsky. He just added a I in front.
I. M. Vronsky.
Coffee Time
Cool Story …..
Floor safe …… Nice !
They say most old safes found in homes are empty.
Someone was stacking cash …… No coins though, fifty grand in gold and silver would have been worth a lot more ! 🙂
http://aplus.com/a/couple-finds-money-bourbon-in-old-safe
Winedoc
Moggie
Have you ever seen Henry ” on-ree” le chat.
He is a French version of Garfield but with more culture.
WANKA @ 19:48
Dang! Now I gotta find a new place to park that flatcar load of gold bars!
Puptent
Kids aren’t exactly germ bags or carriers of disease but they have a immature immune system and being in close contact with the public including shopping malls, movies, whatever they can catch things easier so they’re most vulnerable and if they get sick their immature immune system can’t fight it off as well and can pass it on easier basically where a adults immune system will immediately kick Im and not make it as volatile to pass. That’s how they developed a stronger immune system though. Also kids just vaccinated can sometimes shed the virus to others for a time. That’s what some suspect happened at Disneyland. Also ironically only a small percent wernt vaccinated. I and some of my family were there around that time had no problems although I’m naturally immune. It also seems strange to me that since they started pushing all these flu vaccines kids are getting the flu every year where it used to be only once or twice at most during childhood. I don’t even remember any Flu epidemics where kids or my siblings out with it. Now it’s common and more frequent especially if they have siblings.
Ironically what I noticed in hospitals that people with COPD did well during epidemics. People could be dropping like flys around them and they were hanging in there most times untouched. I’m talking about the adults not kids but it seemed to be a pattern. Upper respiratory issues though much care to try not to pass it or treated immediately if showing symptoms because it makes it 50 times worse if they get it, even a cold. Although vitamins appeared to help prevent something’s along with their own immune system.
wanka ..wish we had a like button
I was a rt for 21 years….my advice stay away form the grandkids…now they are back in school..they are all germ bags ..now that they are around all the other kids…
cheers
mjl
Late Train
Yeah… OK… I missed the morning commuter train. I’m catching up after hours on a Gold DoodleBug with mixed freight behind.
Who had all the gold bar baggage??
http://www.railpictures.net/photo/540325
Commish: LOL! Wanka? Trouble?! ….naahh
For those who may not know, Wanka is the reason we are all gathered here. It was his vision back in those ‘troublemaker’ days to have an open forum like this. Over the years he and us ragtag bunch of pirates have made it here. And still we persist…. God only knows why.
WANKA
glad you are post…you were miss by all….where does the name wanka come from.
Copper, Gold and Oil … Carl’s rolling the dice
Icahn targets struggling miner Freeport-McMoran with 8.5 pct stake
Aug 27 (Reuters) – Activist investor Carl Icahn disclosed an 8.5 percent stake in miner Freeport-McMoran Inc, saying the company was undervalued and needed to address several corporate governance and capital issues.
In a filing with the U.S. Securities and Exchange Commission, the billionaire investor said he intends to speak with Freeport’s management and board and may seek board representation.
Icahn also said in the filing that he also plans to discuss “executive compensation practices and capital structure as well as curtailment of the Issuer’s high-cost production operations.”
The disclosure came on the same day that Freeport said it would slash its mining budget by 25 percent and cut 10 percent of its U.S. mine staff, as the miner and energy producer suffers through a slump in copper prices.
Freeport’s shares have plunged nearly 60 percent this year.
http://finance.yahoo.com/news/icahn-targets-struggling-miner-freeport-203251156.html
Auandag
I’ve had Jpegs that wouldn’t post before. They weren’t too big, I never did figure out why they wouldn’t post. Try a different picture?