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

Is that on the ballot?

Submitted by Marc Faber via GloomBoomDoom.com,

WHEN A POLITICAL SYSTEM AUTHORIZES PLUNDER AND WHEN A MORAL CODE ENCOURAGES IT, MORAL DEGENERATION FOLLOWS SWIFTLY AFTER.

Montesquieu opined already in the 18th century that, “There is no greater tyranny than that which is perpetrated under the shield of the law and in the name of justice.”

The economist Jeffrey Sachs, recently penned an article entitled, The age of impunity. Sachs explains that, “Impunity means that the rich and powerful escape from punishment even when their malfeasance is in full view. Impunity is epidemic in America. The rich and powerful get away with their heists in broad daylight.”

Dubious practices, fraud and embezzlement are common during financial bubbles, which are usually created by central banks’ loose monetary policies and by a poor supervision of the financial sector.

Currently, there is a wide gap between GAAP earnings and “adjusted” earnings, which are usually reported to investors. In the first quarter of 2016, according to FactSet, the companies in the DJIA that “adjusted” their earnings inflated them on average by 28.9% over their earnings under GAAP…. According to Wolf Richter, “no one wants to see it. Instead, everyone wants to believe the sweet fairy tale spun by Wall Street and Corporate America.” Richter calls this phenomenon, “Consensual Hallucination.”

The Swiss psychotherapist Carl Jung opined that, “The wickedness of others becomes our own wickedness because it kindles something evil in our own hearts.”

The flood of money that central banks are creating pollutes the Western capitalistic system and free markets, as well as democracy. The consequences are anemic economic growth, deep social discontent, a culture of cheating, and moral degeneration. At the same time, “the bureaucracy is expanding to meet the needs of an expanding bureaucracy” (Oscar Wilde). Hardly a recipe for sustainable economic growth and rising standards of living.

http://www.zerohedge.com/news/2016-05-31/marc-faber-warns-moral-degeneration-americas-consensual-hallucination

some residual selling from last weeks weakness has been done and now without the Scum as sellers, there are no other sellers.

Pierre Lassonde

Metanor Reports its Financial and Operational Results for the Quarter Ended March 31st, 2016

http://finance.yahoo.com/news/metanor-reports-financial-operational-results-203241943.html

Orvana Closes US$7.9 Million Loan Facility for Don Mario CIL Recommissioning

http://finance.yahoo.com/news/orvana-closes-us-7-9-220000432.html

Monument Reports Third Quarter Fiscal 2016 Results

http://finance.yahoo.com/news/monument-reports-third-quarter-fiscal-233024227.html

Centerra Gold Delivers Notice of Arbitration to Kyrgyz Republic Government

http://finance.yahoo.com/news/centerra-gold-delivers-notice-arbitration-022254535.html

Red Eagle Mining continues to advance construction of the San Ramon Gold Mine during Q1 2016

http://finance.yahoo.com/news/red-eagle-mining-continues-advance-090000376.html

ATAC Announces Positive Results of an Updated PEA at the High-Grade Tiger Gold Deposit, Rackla Gold Project, Yukon

http://finance.yahoo.com/news/atac-announces-positive-results-updated-113000486.html

Canada’s Centerra escalates Kyrgyz dispute to arbitration

http://finance.yahoo.com/news/canadas-centerra-escalates-kyrgyz-dispute-115852709.html

TomaGold Acquires the Obalski Property and Consolidates its Position in the Chibougamau Mining Camp

http://finance.yahoo.com/news/tomagold-acquires-obalski-property-consolidates-120000878.html

Premier enters into US$45 million financing arrangements with Orion with opportunity for up to US$400 million in acquisition or development financing

http://finance.yahoo.com/news/premier-enters-us-45-million-121600843.html

Silver Standard Completes Acquisition of Claude Resources

http://finance.yahoo.com/news/silver-standard-completes-acquisition-claude-123500032.html

Maya Gold & Silver Summarizes Activities of 2016

http://finance.yahoo.com/news/maya-gold-silver-summarizes-activities-130335597.html