Loading ...We are watching the failure of global socialism, combined with big greedy global corporations, “getting their way” for decades. They called it “globalization”. It was a mistake from the start, but not apparent.
Hello Farmboy, the best writer on the Internet. I saved many of your old stories.The classic one about Farmboy going to the tax assessors office on a hot humid day to straighten them out.
Meanwhile as Gold rallies the offers in GDX, and NEM Increase !!!!! Thus keeping them @ their lows.
Thats what happens when you elect a communist ..very predictable ! We are now a third world country …
HISTORY shows ….The only way you get them out of office is FEET FIRST ..because poor people have votes …..
To: rogermci® who wrote (103110) 1/20/2016 11:07:52 AM
From: da_cheif™ 1 Recommendation Read Replies (5) of 103118
87 08 were uglier but each c wave came at ever higher prices and led to monster advances
the uglier the decline the better….all declines are conducted for one reason only ……for purposes of preparing inventories for the coming advance….all big advances were preceded by declines….the uglier the decline the bigger the advance….it has allways been thus
Hi yeah Farmboy,
Hanging in there but rate of speed I travel depends on what’s going on around me.
Watching the Dumbo debate almost had to go by a nausea a pill. Hillbilly seems awful sure of her self like the elections are in the bag. All they talked about was typical demos how to micromanage the economy when they have no clue how to do that other than finding ways to generate money for themselves.
Sanders raising taxes saying but but well decrease this that ” for now.” This that unconstitutional mandatory HC dictatorship for instance changing numbers around that’s all. Never mind costs went up not down.
Never mind the shadow Corp gov of health insurance behind it. Using war on terrorism they funded and allowed to turn into a monster as a platform. All and all sickening.
A Christian in Afghanistan sent me a message last night that a university at that time was being attacked by four terrorists. He can’t get out and doesn’t look good for him or his family but muslims are getting the red carpet.
I contacted christian groups but guess their concern is not christians either when you call them on it. He can read write and skilled wants to work while they are letting in un-hirable useless eaters and criminals there for welfare.
My dog been sick for awhile and didn’t help when she was as tipping point where she would eat some not much but enough to get medicine down with food by day care while I’m away for long hours didn’t think about putting medicine in food so by the time I got her back three days later wasn’t eating or drinking. So minus 260 plus 50 health care plan saving me 260 plus get free visits including emergency which is good thinking well now IVs sheesh. Fortunately was able to get medicine down using a large syringe without trying rectally with fluids and about half hour later eating. She’s older now 11 for a pit is older so risk for complications of dehydration like young old people is high.
So luckly for today anyways and persistence shes showing some improvement.
Now wondering at what point do I give up and hope she will be able to tell me in some form.
I don’t know the history of the exchange rate of NZ or Australia per USD but maybe check there to see if it’s going up or down and if it has been correlating with the pog.
If it is try to get some insight on whether it will continue on that path and aprox timing, say a year two years. See if it’s correlating with USD because there is a ” chance” dollar could rise more and in your dollars pog could follow. Is NZ going down against dollar past year or up?
In that case it would likely cost more NZ dollars to pog driving pice up in your dollar terms.
Also check bank rates. See if it has any influence.
New Zealand Interest Rate
The Reserve Bank of New Zealand cut its key rate by 25 basis points to 2.5 percent in December, as policymakers voiced concern about softer economic growth and weak inflation rate, despite highly stimulatory monetary conditions. The bank also said it was ready to cut its benchmark interest rate further if necessary. The decision was widely expected by markets. Interest Rate in New Zealand averaged 7.87 percent from 1985 until 2015, reaching an all time high of 67.32 percent in March of 1985 and a record low of 2.50 percent in April of 2009. Interest Rate in New Zealand is reported by the Reserve Bank of New Zealand.
Silver Wheaton (SLW) now on the hook for up to $575m in back tax
As your humble scribe waits patiently for a modern jet aeroplane that’s decided to be three and a half hours late this evening (we thank the airline company for the complementary “evening meal”, a chicken sandwich and a coffee), news arrives as to how the Canadian tax people (CRA), already after Silver Wheaton to the tune of $265m in back tax from the 2005-2010 period, are now after SLW for a potential $310m extra for taxes in the 2011-2013 period.
Which gets me thinking about tax. SLW’s set-up, the reason it says it doesn’t have any bill to pay, is that it runs all its revenue through its wholly owned subsidiary in the Cayman Islands. As it’s zero percent income tax there, we’re all good and right, right? Not so says the CRA, these tricky fools are pulling a fast one on us all and they should pay tax on their earnings just like any other Maple Leaf waving corporation. They need to pay their fair share. It’s not fair otherwise. They’re depriving the good honest Canadian taxpayers of funding for (etc)
Well, maybe. And I found myself dwelling on that idea of ‘fair’, of equality or even justice. Because as far as I can see on this issue what SLW did when setting up its corporate structure wasn’t particularly fair in terms of paying its wedge to Canada, but it was perfectly legal and inside the law.
re IMF…..The IMF is run by that vile hag Lagarde, who lest we forget bankrupted France, when Finance Minister. In a normal world she would still be inside and everything she said, treated with total contempt.
Instead no doubt she is swanning around Davos, still talking total bollocks and scheming up new ways to line her bottomless pockets, with our money.
Athens, Greece – Hundreds of Greek gold miners and technical staff are preparing to stage “powerful demonstrations” against the left-wing Syriza government, unions told Al Jazeera. Their employer, Canada’s Eldorado Gold Corporation, announced days ago that it would lay them off and utilise a key mine in northern Greece after years of government obstruction.
“We’re not going to take this lying down,” the miners’ union chief, Yiorgos Hatzis, told Al Jazeera.
“Everyone is against the government, which won’t let us work. This indignation has gone on for a year. Everyone understands that it is this government that stands between our bread and us,” Hatzis said.
Eldorado will dismiss all but a handful of the 688 people working on its Skouries mine in the Kassandra peninsula in northern Greece at the end of the month because, for three years, the Greek government has delayed issuing a building permit for the gold processing plant there. A further 500 workers would have been hired to build the plant.
TORONTO (miningweekly.com) – In another potential financial blow to precious metals streaming firm Silver Wheaton, the Canadian Revenue Agency (CRA) has notified it that it would be reassessing the company’s international transactions covering the 2011 to 2013 taxation years, potentially placing the company on the hook to pay another $310-million in tax for the period.
TORONTO (miningweekly.com) – Ring of Fire (RoF) development company KWG Resources has signed a memorandum of understanding with China Railway First Survey & Design Institute Group (FSDI) that establishes the terms for mutually proceeding with a feasibility study for the design and financing of a railroad that will link the emerging RoF mining camp with global markets
not sure it was true…as just now we saw a large bid into SM and Dollar, while the PM shares like Nem, GG and Paas, all were hit simultaneously, as was Gold.
Soon as O man is out of a job, figure he will be looking for a golf partner. You interested? Did ya hear about the big flap over the weekend at the Clinton household? Seems Bill and Hillary discovered they both had the same lover. Has to be some kind of karma thing don’t you think? What goes around comes around.
Enjoyed this perspective on Donald Trump and have passed it on to some friends. Thank you. Just a heads up should he win the GOP nomination. The Democrats are waiting in the wings with his multiple bankruptcies to try and shred his image to pieces. Bankruptcies are court filings and thus public information and the ‘hit squads’, those purveyors of all things nasty and dirty, are digging through those court filings with gusto. Be sure they will paint the picture of how Trump closed down those companies and threw the workers out on the street. He is in for a fight but the good news is I have a feeling he can exchange tit for tat with the best of em. In fact, the ‘dirtier’ the Dems play, the more he will reveal their little closet secrets to the public. Should be entertaining to watch as all this plays out. Trump may be no saint, but perhaps the American Voter has learned its lesson about looking for a Saint. Seems Obama the Messiah has not fulfilled or kept the many promises he made while seeking the Oval Office. Have a popcorn company you want to recommend purchasing stock in this year? Going to be a hell of a show if ya ask me. Thanks for the video.
They’re doing us quite a favor! How many ounces does a $50 million house represent?
By Ambrose Evans-Pritchard, in Davos
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned.
“The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).
“Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief,” he said.
“It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something,” he told The Telegraph on the eve of the World Economic Forum in Davos.
“The only question is whether we are able to look reality in the eye and face what is coming in an orderly fashion, or whether it will be disorderly. Debt jubilees have been going on for 5,000 years, as far back as the Sumerians.”
Lots of dreams trampled in the dust on the way here, but I think we’re on the right track. Hopefully the rewards will be commensurate with all the grief we’ve been given.
Thanks for the BDI chart. I don’t think they’ve figured out how to game that one yet!
Once again … good to see you here! 🙂
I know what you’re saying my friend.
I’m waiting for the change of tide. It’s coming.
Randgold Resources Limited – Booming Kibali Boosts Exploration Investment in DRC
http://finance.yahoo.com/news/randgold-resources-limited-booming-kibali-163512700.html
St Andrew Goldfields shareholders approve Plan of Arrangement with Kirkland Lake Gold
http://finance.yahoo.com/news/st-andrew-goldfields-shareholders-approve-180000935.html
Klondex Announces 2015 Production of ~128,000 GEOs; 2016 Production Guidance Increased ~16% From Prior Year
http://finance.yahoo.com/news/klondex-announces-2015-production-128-220000249.html
Silver Wheaton provides update on CRA dispute
http://finance.yahoo.com/news/silver-wheaton-provides-cra-dispute-021500242.html
Indonesia to give Freeport divestment verdict in March -official
http://finance.yahoo.com/news/indonesia-freeport-divestment-verdict-march-084955124.html
Continental Gold Announces Filing of Updated Environmental Permit Amendment Application
http://finance.yahoo.com/news/continental-gold-announces-filing-updated-113000931.html
SEMAFO Achieves 2015 Guidance; Provides 2016 Outlook
http://finance.yahoo.com/news/semafo-achieves-2015-guidance-provides-120000429.html
New Gold exceeds guidance with record 2015 gold production and provides 2016 operational outlook
http://finance.yahoo.com/news/gold-exceeds-guidance-record-2015-124500572.html
Sabina Gold & Silver Announces 2016 Budget and Work Plans
http://finance.yahoo.com/news/sabina-gold-silver-announces-2016-132930124.html
Seems loads of dodgy dosh has been laundered/parked in top end real estate and now the US is closeing the door…others will follow, as no doubt they wish to seize any dodgy housing, seeing as they are all flat broke.
The bad boys/girls will have to park that dosh somewhere and bullion/diamonds will be 1 st choice.
However, as we detailed here, just like Swiss bank accounts lost all their anonymity shortly after the Global Financial Crisis, and led to massive fund outflows from Switzerland (and ironically, into luxury US real estate), so after many years of us explaining how the ultra luxury segment of the US real estate market was being used as a money laundry vehicle, the US government has finally decided to crack down on these “secret” buyers.
As the NYT reports, “concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties.”
Ps and the wonderful irony will be that the Scum will sell them the Gold/Silver !!!!!!!!!
Just like they just have, knocking $ 3.5 off the price, as they desperately try to stop 1100 being taken out…..how much more obvious can they be….still now they have to find enough real metal, to absorb a huge chunk of the Worlds Black money and that has to be multi Trillions !!!!!!!!!
