Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...I think it’s safe to say the Scum have sat on Gold.
Semand for Gold is gonna go ape if Saudi melts down and it has to be pretty close……all those brave Camel Jockeys, are gonna run for the hills, as soon as any sniff of trouble comes round the corner and they will need gold, as pretty much anything else can’t be trusted…..least of all Dollars if ur a Saudi .
This time could be very different.
The DXD-double short DOW–has only 20 or so calls traded in the 3 at or near the money strikes in the Nov16 and jan 17 options–the Nov16 $18 call traded 2 or 3 days ago at $45 a copy–U can buy all u want at $50 as I write–can u believe it? with all what’s going on?
Thanks for the reminder. I’m going 100% short gold in 3, 2, 1….
“slow” … it’s youze.
We could send em to Syria to fight the jihadis. 
Zero Hedge said there’s a “panic for dollars” in Europe–this is an exact replay of the 2008 crash…in WHOM gold fell along with paper–yet dollars were cherished–I can scarcely believe it…
the site is slow today, no? Or izzit me?
any selloff tooth and nail. The SM is the last man standing – no way, no how, can they let the SM die it’s rightful death.
What does that even mean? We need some of Wanka’s hemp!
“the credibility of all the wall paper is in question”
My good friend wants to know how they made it through the Van Allen Belts? He also says, okay maybe once someone was able to get through these belts, but not 6 times (actually 12 times there and back).
He’s a real smart guy and he was recently at the Smithsonian in DC and he says the lunar craft “replica” (I saw it when I was a kid) is a piece of crap and there’s no possible way it made it to the moon. A nice link on the fact. Good comments at bottom too
I would have thought that the VETO override on Saudi Arabia would have had a greater effect on the stock and bond markets. So far it’s been a non-issue, I’m pretty sure the Saudi’s own a lot of treasuries and stocks that they had previously threatened to unload.
Maybe there’s some back door deal to keep them from selling. I’m sure I’m like you and don’t trust anything that comes out of D.C.
Wells Fargo To Be Sanctioned By DOJ For Improperly Seizing Soldiers’ Cars
CNBS now has Deutsche Bank trading in the bottom right corner of the screen.
Last time I saw that was in 2008 when they had AIG and LEH shown on the screen
DB of course coming out with a statement that everything is fine, well capitalized etc. Never herd that before.
Fed has tried to goose the SM once successfully off the lows, let’s see what they can do in the last hour.
Deer79 – agree about tomorrow, could be very volatile if the SM here tanks in the last hour.
Trouble in paradise before they try to get Hillary elected…
Hey how was your trip to the jungle?
We have a different jungle here. It’s a money jungle with lots of predators roaming about.
Because the money printed loaned out and or circulating, is FAKE. Only paper. On a Gold standard, GOLD would be loaned out, and repayment back in Gold very important. But that’s not the case.
The replacement or substitute “money” is REAL ESTATE. This is what the tax pigs want. Because you can’t move it or hide it. Everybody knows how much “substitute money” you have by looking at the market value of your property.
The above is why TPTB are so protective of real estate. The banks are up to their asses in real estate loans. If real estate collapses in value, its a net CONTRACTION of substitute money supply.
After market values drop, you are entitled to lower property taxes also. At least the real estate is an object that can’t disappear. Stocks and bonds, also money substitutes, made of paper, IOUs, are a different story.
So, the only thing that matters, is the ability of gov’ts to collect taxes. And so far, they are having partial trouble because of abnormally low wages in the tax payer private sector.
The Unionized tax absorber public sector gets paid more, but they are tax neutral, taxes THEY pay are gleaned from taxes PAID by the tax payers. When tax absorbers pay taxes, they are paying taxes to themselves, and should be considered an illegal “kick back”.
The above story does not include public service civil service, or gov’t vendors that live of tax payers. And or all the various occupations that are supported by gov’t. Like real estate, medical, airlines, accountants, auto mechanics check engine lights etc.
Redneckokie….tks for the grain info…
Cheers
But Monday is a bank holiday in Germany, so there may be a little volatility that rears it’s head tomorrow……..
That was easy !!!!!!
Some of the derivatives are being moved! What derivatives are being left? Doushbank is going to be holding the bag for a mountain of bad paper. The good stuff is already gone somewhere else . Nobody will have to take a dime out to cause the capital to vanish. When a very small percentage of derivatives are triggered, Doushbank is gone!
How much longer are taxpayers and depositors going to finance the casino? How many more bail ins and bail outs are available?
A lot of Germans may go to bed Friday in good financial condition and wake up Tuesday flat broke.
The American grain markets are holding up well while staring at huge crops in the field. Ending stocks report is tomorrow. Somebody is buying grain outside the normal market parameters. That somebody may be exchanging fiat for something that will at least be a store of value. Bankers and politicians have bought grain before every currency devaluation.
rno
give it some time….but that was my point..it’s a steal here.
It’s the end times and gold’s up pennies.
Get news and boy oh boy are they giving the PM’s away here…..This is end times stuff folks….Saudi in melt down and DB being thrown of the bridge….Saudi’s will be buying PM’s with all they have, as they will likely be ultra rich refugees very soon…but cannot trust any banks etc…who is solvent etc .
Gotta hand it to Obummer he sure has f***ed up the ME a treat…no-one will ever rival him for worst President ever.
Congress voted to override Obama’s veto that families of those killed in the terror attacks on 9/11 would not be allowed to sue Saudi Arabia. This is the first time he has been overruled. This will open the courts in New York to some very interesting court battles, but Saudi Arabia will most likely sell off all US assets to prevent any US court from freezing their assets. If they take everything out of the USA, then they can ignore the courts and not defend at all exposing themselves to discovery rules that will be very intrusive.
Saudia Arabia to Sell All US Assets as Congress Overrides Obama Veto
