Let’s not forget, the people in the early 60’s weren’t paying 70% of their income in taxes and healthcare.

Then Lyndon Johnson came along with his wonderful programs…

I’ve noticed over the decades, that Central Banks are like one big global welfare communist government. Think about it. If you can’t think of any reasons, ask me and I’ll explain the logic.

Osisko Reports First Quarter 2016 Results

http://finance.yahoo.com/news/osisko-reports-first-quarter-2016-191500810.html

Franco-Nevada Reports Strong Q1 2016 Results and Increases Quarterly Dividend

http://finance.yahoo.com/news/franco-nevada-reports-strong-q1-200000392.html

Golden Star Reports First Quarter 2016 Results

http://finance.yahoo.com/news/golden-star-reports-first-quarter-204200592.html

Gold Resource Corporation Reports First Quarter Results

http://finance.yahoo.com/news/gold-corporation-reports-first-quarter-204758075.html

Yamana Gold Announces First Quarter 2016 Results

http://finance.yahoo.com/news/yamana-gold-announces-first-quarter-205500614.html

Dundee Precious Metals Announces 2016 First Quarter Results

http://finance.yahoo.com/news/dundee-precious-metals-announces-2016-215922894.html

Ely Gold closes acquisition of Nevada Mineral Properties – Files NI 43-101 on Weepah property

http://finance.yahoo.com/news/ely-gold-closes-acquisition-nevada-220000196.html

Thompson Creek Reports First Quarter 2016 Financial Results

http://finance.yahoo.com/news/thompson-creek-reports-first-quarter-221400698.html

Orvana Reports Second Quarter Fiscal Results and Provides Operational Update

http://finance.yahoo.com/news/orvana-reports-second-quarter-fiscal-223000212.html

re “but a 50 % increase in SOC SEC payments would do the trick”

Comment:
I have one BETTER. Because older people already have everything they need or want. They don’t spend in late life. They are SELLERS of cars houses clutter etc, because they are running out of time.

It’s the YOUNG people, fresh out of high school that have NOTHING, and need EVERYTHING. And they LOVE to spend and enjoy the THINGS they want and need, if only they had money to spend.

When I and all my friends came out of high school, in 1962, minimum wage was so HIGH, that we were all buying new cars and houses. I had a new 63 Pontiac LeMans. Five of us all hade the same “cousin Vinnie” car, 265 Hp V-8, stick shift, posi axel, under 3,000 lbs. etc different colors.

Others had bought other muscle cars (three year loans) like GTOs, Corvettes, Firebirds, Camaros, 442s etc. Moving out of parents home and getting an apartment, ($125/mo) and a new car ($2800) was no big deal. Some young couples actually bought new or used houses. $8,000 to $17,990 new. 20% down was required. People had savings accounts.

The reason for all the prosperity? The USA produced all its own needs and consumer products. No imports. Shortage of labor. Plenty of over time too. Minimum wage was $1.25/hr, times a factor of 20 for inflation, we were getting $25/hr. in todays money.

After a few years acquiring experience and skill, $2.50/hr. was common. $50/hr. in todays money. With Minimum wage at $8/hr. todays money? That would come out to .40 cents per hour back in the day when it was $1.25/hr.

Because of understated CPIs, the real adjusted minimum wage has been devalued by two thirds over 54 years. Soc Security checks today are also 1/2 to 2/3 what they should be.

Bottom line.
#1 Under stating inflation rates for 50 years by the Dept of labor NO GOOD.
#2 Imports of consumer products no Good.

…….but so far this is only a back test of the breakout, plus closing a daily gap in the process. Click the chart to enlarge.

With Jamie Dimon as Lex Luthor!

Love it !!!!!!

With Jamie Dimon as Lex Luthor!

Huge buying in PM shares…but all seen off by the Scum, no matter how large the bid, they sold it all, then offered through.

Scum are on full attack here, as they have yet again “Created” a false break out in Gold, by taking prices back below 1281 break out.

Lets see what happens o/n…but the Scum have to get it all back under control, hence the massive attack on the shares, otherwise people will think that money can be made in something other than FANG shares….an idea that is Kryptonite to the Scum.

Quaker Oats sued over glyphosate found in its ‘all natural’ oats… the truth is starting to come out about widespread glyphosate contamination of the food supply

http://www.naturalnews.com/053897_Quaker_Oats_glyphosate_instant_oatmeal.html#

NO COMMUNIST COUNTRY has ever invested money in itself…..!   In Cuba the bullet holes are still in the walls since the revolution nobody will invest a cent in repair ..   The government confiscates US DOLLARS and other foreign currency from tourists and replaces it with CUBAN PESOS  worthless PAPER they print themselves for use inside CUBA …The CASTRO bros stash foreign currency billions in SPAIN away from CUBA…. and the poor have no idea since they never see the foreign currency !      Communists are users and abusers of the Poor !   Venezuela does the same !   Chavez gave 2.5 million gallons of OIL to the US Liberal Kennedys   for FREE  and they LAUNDERED it for him through JP KENNEDY III  ENERGY Company ! in Massachusetts   Where did the money go ?  ask Chavez & Maduro   its probably in Spain or Switzerland….  Liberals stick together and ROB the POOR everywhere !

“your talking about a theoretical concept it has no application in ITALY !”

This doesn’t look so “theoretical!”

License To Steal: Italy’s Highest Court Rules “Theft Not A Crime If Hungry”

your talking about a theoretical concept   it has no application in ITALY   !

Do you remember the post about the Italian BUS driver(posted Here) that was robbed by a North african who stuck a knife in his face  …He stopped the BUS ,dragged his ass off the bus and beat the crap out of him !

http://www.tfmetalsreport.com/blog/7605/comex-gold-open-interest

Reports are he is out of the race.

I’m talking about the concept! This is what I thought you were doing … or do you think this would be great for Italy but not for the US?

in ITALY    ?    Its not the US your talking about  !      INNER CITY   REALLY !    in ITALY !  haha  your dreamin !

YOU CANT JUDGE THE REST OF THE WORLD BY US    LIBERAL NONSENCE     !    You obviously have NO insight into the Italian mindset !  thats so funny I cant stop laughing !

I repeat NOBODY will Starve in ITALY   and they will deal with cheats very quickly !    without Government interference !  you watch !

I lived in an Italian neighborhood in NJ ,I am of Italian desent .I never saw a policeman in the neighborhood in 20 years I lived there ,We didnt even need to lock our doors ..!    Believe me they will deal with it !  It wont be a government issue !   hehe  thats so funny !

Ted Cruz Was Among the Smartest Students I’ve Ever Taught

here’s a fun scenario: november… libertarians (under gary johnson?) take a few small states – maybe 20 electoral votes. the heffalumps and the jackasses split the rest evenly (or close to even), neither getting an electoral college majority.
the election goes immediately to the house of representatives, each state delegation getting one vote (re-read the constitutional provisions on the election of a president).
the heffalumps, holding control of the most state delegations in the house, will prevail.
results:
a) the donald is elected president
b) THE LIBERTARIAN PARTY BECOMES A REAL POLITICAL FORCE.
c) the jackasses go home and pout.
from where i sit, it looks like an intriguing possibility.

I’m sure the grocery and restaurant owners won’t like it one bit. After an “incident” how are they on the spot to ascertain if the guy was so hungry he was starving? Are we to provide government officials to decide? How is this going to work in the inner city? Incredibly bad idea!

if he’s on the Donalds list of Supreme Courts appointees  ..He knows the LAW.He has argued several cases before the Supreme Court and WON !

He will make Scalia look like a moderate (which he was)and I suspect other Liberals might opt to Retire   !

Dont underestimate the Italians ability to discern who’s genuinely hungry and who’s trying to take advantage  !  Nobody will die of starvation in Italy !

and the abusers will be dealt with quickly…..Have no fear …let them deal with it and dont take the news reports at face value its sensationalism to sell newspapers..just like the US….Its the news reporters that need to be punished ,not the hungry..

http://www.zerohedge.com/news/2016-05-04/war-paper-currency-officially-begins-ecb-ends-productionissuance-eu500-bill

I agree …. if you’re starving go ahead and steal food. The problem is if a judge makes stealing food legal then anyone who is hungry can go and steal food with no consequences. The guy should have gotten a slap on the wrist instead of making theft legal. IMO