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

The U.S. Debt Clock reveals that the dollar to silver ratio is $1,004 per ounce and the dollar to gold ratio is $9,080 per ounce.  A very Merry Christmas to us.

http://www.usdebtclock.org/

My wife just told me yesterday that she had heard on the MSM news in Canada that the average credit card debt in Canada is $22,000 per household. I just questioned her again but that is the only statistic she remembered. This is also scary but I have no backup for the info so it’s FWIW!!

Your report of 125% car loans is reminding me of the 125% loans against real estate back about 2006 – 2008 (as I recall). They were advertising refinance your home for 125% of appraised value. Having a real estate background in a past life I was sure questioning that one…..and we all know how that one ended!!

snip

Federal debt has climbed 8% annually since 2000,128 but who cares because we have the reserve currency, can print the garbage at will, and are assured by the highest authorities that inflation is good and high inflation is even better. Meanwhile, friend and market maven Grant Williams has created a masterpiece of analysis of our debt problems.129 In the absence of a deflationary collapse, debt is reconciled to the downside at a geologic pace; it almost never happens. (Supposedly the Brits did it in the mid-nineteenth century.130) The problem is exacerbated by an inherently inflationary banking system that requires monotonically rising debt to survive. Where do you think the interest paid on savings comes from (when there is interest, that is)? Despite the current calm—possibly the eye of the storm—there are newsworthy events in the world of debt.

The consumer is stretched by having no savings and gobs of debt—huge net debt (Figure 13). An estimated 35% of Americans have debt that is more than 180 days past due.131 They are now buying used cars with 125% loans,132 presumably to cover the negative equity from their previous loan and help pay for repairs. The used car market is priced poorly owing to the overdeveloped credit machine created to sell the trade-ins from rentals.

One of the most oppressive of all debts, high-interest credit card debt, now exceeds $16,000 per household.133 The $2500 per annum interest payments are a death spiral for the average consumer earning less than $30,000 per year. The collective tab is nearing $1 trillion.134 Larry Summers blames the high debt-to-income ratio for the stagnant consumer.135 He may be missing the superimposed realization that they have no pension either (vide infra).

A lot more http://www.zerohedge.com/news/2016-12-23/dave-collums-2016-year-review-and-then-things-got-really-wierd

from Montgomery Texas   ..Il be here till January

http://www.kitco.com/news/video/show/Gold–Silver-Outlook-2017/1454/2016-12-23/The-Stars-Predict-THIS-For-Gold-Silver-in-2017—Mahendra-Sharma

They’re Back: Foreign Central Banks Quietly Unleash A Treasury Buying Spree

After a year and a half of one-way selling, the Treasury holdings in the Fed’s custody account have jumped by $60 billion in the past month, suggesting that central banks are once again back and aggressively buying US Treasuries.

Quiet Since WWII, Japan Begins $44 Billion Re-Militarization To Confront China

http://www.zerohedge.com/news/2016-12-23/

“Hope” What’s that?

Snowing here right now. Not sticking much though. We’ve got Evergreen State College nearby so we’ll never run out of delicate snowflakes.

A very Merry Christmas to you and yours!

… and Merry Christmas to all here at the Oasis as well!

It is funny eh? We’ve had a lot of snowflakes here lately but it’s the cold kind. 🙂

Expecting a lot more over the next few days.

Really glad I was wrong about a big slam today in pm’s, first time in several years we haven’t gotten crushed on Christmas Eve. Almost gives me hope. 🙂

Thin week next week so we’ll see what happens.

Hope you and your lady have a wonderful Christmas!

Also very appropriate since she is wearing a silver and gold necklace and pendant.

Merry Christmas and Happy New Year to you and everyone from Silverngold!!

Gold DRD EGO, Silver SLW GPL CDE, Diversified NAK HCLP, Precious Metals SWC

Hilarious!

Your a good grandparent.

France Is Paving More Than 600 Miles of Road With Solar Panels

http://www.smithsonianmag.com/smart-news/france-paving-more-600-miles-road-solar-panels-180958035/#kDt6r3pZtJwO2BAa.99

Whining about what others can do and say while collectively they are the biggest and rudest offenders and ” thin skinned” people around. Now we have some gallery who wants Ivanka to take her art down. Anthony Bourdain who refuses to cook for inauguration which I was surprised by that one. Thought he was although open minded about all countries a American first.  Well guess they wouldn’t want to be served sour grapes anyways. And they talk about Thin Skinned.

Something Wicked This Way Comes

The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths.”

http://www.zerohedge.com/news/2016-12-22/something-wicked-way-comes

Centerra Gold and Premier Gold file technical report on the Hardrock Project

http://finance.yahoo.com/news/centerra-gold-premier-gold-file-200000114.html

SEMAFO Awarded Mining Permit for Natougou Project

http://finance.yahoo.com/news/semafo-awarded-mining-permit-natougou-203000493.html

Americas Silver Corporation Announces Share Consolidation Towards U.S. Exchange Listing

http://finance.yahoo.com/news/americas-silver-corporation-announces-share-221445704.html

K92 Mining Inc. Reports Technical Disclosure Review

http://finance.yahoo.com/news/k92-mining-inc-reports-technical-221500565.html

Integra Gold SEDAR Files NI 43-101 Technical Report for the Lamaque Resource Estimate

http://finance.yahoo.com/news/integra-gold-sedar-files-ni-222707556.html

AuRico Metals to Acquire Kiska Metals

http://finance.yahoo.com/news/aurico-metals-acquire-kiska-metals-000600205.html

Dundee Precious Metals Announces C$43.7 Million Strategic Equity Investment by the European Bank for Reconstruction and Development

http://finance.yahoo.com/news/dundee-precious-metals-announces-c-003400601.html

The Gold Report Examines How an Uptick in Brucejack Resource Estimates Bodes Well for Pretium Resources

http://finance.yahoo.com/news/gold-report-examines-uptick-brucejack-140000291.html

Brio Gold Becomes Standalone Public Company with Closing of Purchase Rights Offering

http://finance.yahoo.com/news/brio-gold-becomes-standalone-public-140000432.html

https://www.youtube.com/watch?v=Bmx–WjeN7o