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April 12, 2016
1970 The prospect of HONDAS & TOYOTAS Was The gravest threat to America
The Bottom Line Cause Of All Our Economic Problems, And You All Contributed.
Forty Years Ago The prospect of Free Trade Was The gravest threat to America
NAFTA GATT OPEN BORDERS, DOLLAR GOLD DE PEG
The prospect of Larry Summers being president is the gravest threat to America
I remember that a’hole Summers, Roger Altman, Robert Rubin etc from ’92 to ’00’s “strong dollar policy” killed millions of jobs, NOT a high minimum wage. Strong dollar killed Gold too, down to $250/oz, Remember? Silver $4. Steel? Practically free, 20 cents/lb retail.
Globalization and phony environmental hype, along with regulations killed jobs too. Lets not forget all woman that entered the WORKFORCE after 1975, and diluted the VALUE of labor. One salary was enough, then after a while TWO salaries were needed.
UNLESS you are employed by tax payers.
The Scum tried to lean on the shares into the close…but
even though the selling was awesome, it was taken…buyers used the Scum to load up and even ramped prices a few ticks !!!!!
Scum are record short and while the SEC is only worried about whether their copy of Debbie does Dallas arrives on time, anything can happen…but we have serious buyers out there.
Hey Maddog
Larry is part of the elite club and we ain’t in it.
They are just flat petrified of Trump because it means the end of the neocon/bankster/mic/media/big gov’t gravy train that has shredded the US middle class and taxpayer. He is a legitimate threat to the oligarchs. Saw him on FOX with Hannity last night and he was great. We here in the US need to go isolationist.
We are being run by the modern day Bolsheviks, the same folks like Larry Summers that destroyed the Russian peasants.
Maybe I’m overly optimistic
but I’m not sure this is the beginning of a big correction, USD has snapped back the last couple of days, silver is still firm, and the miners aren’t getting crushed all that bad. I guess we’ll see what happens if they push the HUI back to 185, but I’m not sure a big smash is imminent. Just sayin’
Larry Summers: The prospect of Donald Trump being president is the gravest threat to America
http://finance.yahoo.com/news/larry-summers-trump-imf-inversions-taxes-globalization-225551552.html
Talking at the IMF….didn’t fat Larry bankrupt his University and Le Garde effectively bankrupted France when Head of the Treasury….they sure know what they are talking about.
Fat Larry at work
http://www.alternet.org/economy/larry-summers-federal-reserve
In for a penny in for a pound
Deutsche Bank Admits It Also Rigged Gold Prices, Agrees To Expose Other Manipulators
Well, that didn’t take long.
Earlier today when we reported the stunning news that DB has decided to “turn” against the precious metals manipulation cartel by first settling a long-running silver price fixing lawsuit which in addition to “valuable monetary consideration” said it would expose the other banks’ rigging having also “agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement” we said “since this is just one of many lawsuits filed over the past two years in Manhattan federal court in which investors accused banks of conspiring to rig rates or prices in financial and commodities markets, we expect that now that DB has “turned” that much more curious information about precious metals rigging will emerge, and will confirm what the “bugs” had said all along: that the precious metals market has been rigged all along.”
This was confirmed moments ago when Reuters reported that Deutsche Bank has also reached a settlement in US litigation alleging the bank conspired to fix gold prices. In other words, hours after admitting it was rigging the silver market, it did the same for gold.
We didn’t here too much about this on main stream media.
Should send this to Trump.
Another mess caused by OBAMA giving a global free for all invitation to illegal immigration. When they went to Florida last time crime got so bad it created open carry to protect themselves.
Cuba blames US for instigating surge of migrants from
http://bigstory.ap.org/article/f6901a836a9c4535ba10f5793c294e9a/costa-rica-proposes-humanitarian-corridor-cuban-migrants
EXCLUSIVE: The refugee crisis caused by Obama – thousands of Cubans flee Castro over fears US open door policy will end but are now stuck in Central America, penniless, ill and blaming the White House
http://www.dailymail.co.uk/news/article-3384207/New-Cuban-refugee-crisis-thousands-flee-Castro-regime-hope-getting-stranded-Central-America-penniless-blocked-getting-Mexican-land-border.html
U.S. Pays to Feed and Shelter Cuban Migrants Stranded in Costa Rica
http://mobile.nytimes.com/2016/03/05/world/americas/us-pays-to-feed-and-shelter-cuban-migrants-in-costa-rica.html?referer=&_r=0
If They Want To Create More Jobs They Have To LOWER The Minimum Wage
What the hell. If they drop it to $2/hr and I’ll hire five people for yard work to rake leaves etc and clean the house. 🙂
Auandag
China, I wonder how that’s going to keep them honest when they devalue their currency on a whim based on their own economic needs. Guess we’ll see.
Samb and Mr Copper
Weiss was saying the dollar would crash years ago to buy gold. Since then the dollar has gone up and gold went down. He had the right idea including  mismanagement but his analysis of the outcome as of now anyways was wrong.
Edelson follows Armstrong but as you know Armstrong can change his forecasts based on current events but Edelson seems to get stuck on one thought and stays there. The fact is the market doesn’t want people to know what they’re doing. They want to continue using our money to enrich themselves. Once too many know about something it changes. The more big money and retirement money is in something the safer it is although nothing os safe long term due to rinse and repeat. I don’t know too many retirement funds that invest in either ETFs or PMs making them a easier target for manipulation and outright theft. Best defense is charting and stick with realistic targets and if something  turns against you get out and don’t let these guys lose your money. It kinda reminds me of a train coming down the road and you yell get off the tracks and a guy says what train its not due yet.
Portugeezer @ 12:05
Way too many pop-ups for me, all advertisements. Normally when I google a headline, various other places have the exact same story by the invisible unknown “Tyler Durdan”. Go and google search…
“Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks”
And see what I mean. A bunch of different sites reporting the same story and same unknown authors.
Mr Copper @ 12:01
I tracked Edelson from his public comments in 2009 and 2010. I have the data on a failed HP notebook caused by a bad cooling fan. A B..ch to replace but, it is only a $10.00 part. Anyway, good old Larry had his subscribers go short and puts in 3x ETF’s and refused to change his opinion as Gold and the HUI rocked up! Weeks turned into months. He kept saying that his master indicators were never wrong. Any subs that followed his advice were easily wiped out with successive margin calls. At the end of this many month debacle, good old Larry said that his master indicator occasionally gets it wrong in the short term but, never in the long term. He wiped his subs out and never bothered to say that he was dead wrong…never apologized either.
You can tell zerohedge is a fraud
By simply looking at the number of followers they have. Â There’s less than 400,000 people following. These follwers are all Debbie downers and gold bugs probably. The end of the world is near crowd. If this informatiob were reliable, millions of people would listen.
Do they print news of interest? Â Yes. Any site can do that
EEOS on PM bash for no reason
The bash is a result of the O I being over 500K. Typical take down range. Will it ever stop? Who knows? If I had the dough, would had bought some insurance to profit from it. Gonna be a wash and rinse kinda day or three.
eeos
3 reasons.
1st is they will run out of physical.
2nd is the whole financial system is a joke, only held together by 24/7 manipulation….it can’t last, as it is no longer anything but a gigantic parasite sucking the life out of the economy, rather than the facilitator of growth.
3rd People all over have had it, hence Saunders and Trump in US, Marie le Pen France, Farage UK….even if they are stopped by the Scum, someone else will turn up, or they will be elected eventually….short of canceling Democracy, the Scum are doomed.
In the Matter of WEISS RESEARCH, INC., MARTIN WEISS, AND LAWRENCE EDELSON
SECURITIES AND EXCHANGE COMMISSION
Parts:
Weiss Research’s Selective Statements About Profitability
12. During the relevant time period, Weiss Research disseminated advertisements prepared by Martin Weiss, Edelson, and others that gave examples of the profits those subscribers who followed the recommendations in Weiss Research’s premium services newsletters could earn. These solicitations were designed to attract new subscribers to Weiss Research’s premium services and persuade existing subscribers to subscribe to additional premium services. These advertisements, however, selectively highlighted profitable trades, omitted specific references to unprofitable trades, and presented an unrealistic picture of Weiss Research’s investment success.
13. Weiss Research, in promotional materials prepared by Martin Weiss, Edelson, and others, sometimes used selective, outdated, and/or hypothetical examples of specific returns that subscribers might have realized on individual trades had they followed Weiss Research’s recommendations, without advising that the overall return was or might not be profitable. For example, Weiss Research, in promotional materials disseminated until July 2003, claimed that subscribers “who followed our recommendations scooped up 400% profits,”
and also “bagged profits like 400% … 39% … 217% … 100% … 374% … 66% … 171% … 222%.” In other advertisements, Edelson told potential subscribers, “I cannot guarantee profits. This is a speculative service for your speculative money. But as you can see from the penny gold shares I’m eyeing right now, it’s not an understatement when I say you could make back the cost of the subscription fee 30…40…even 50 times over.” Because this publication carried a maximum subscription rate of $5,000 per year, this claim indicated that subscribers could profit by as much as $250,000 by following Weiss Research’s recommendations.
14. The overall performance of Weiss Research’s premium services did not support these profit claims. In fact, during the relevant time period, many subscribers who followed each Weiss Research trading recommendation – as Weiss Research encouraged its subscribers to do – experienced overall returns that were substantially lower than Weiss Research’s profit examples and most actually lost money. Although Weiss Research disclosed to subscribers that losses are possible, it did not include information on specific losing trades or disclose that, for the most part, its premium services newsletters had not been profitable for subscribers.