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

From a ZH poster tonite

Posted by Richard640 @ 23:12 on June 20, 2017  
This subject is probably too deep and I’ve probably had too much to drink tonight to tackle this but….. ah, what the fuck?  Here’s the abbreviated version:
“Currencies” are old hat.  All of them are in decline.  FX rates don’t capture it because they’re all arbitraged to go down roughly at the same pace, so compared to eachother they are “stable”.  Gold standard was abandoned long ago.  So what’s the new standard under a fiat system??  The only yard stick avaiable is the value of PRODUCTIVE ASSETS.  That is to say, corporations.  How do you express the value of a corporation?  By it’s stock price.  
Central Banks abandoned gold as their underlying “anchor” asset long ago when they all went pure fiat.  Slowly, they are substituting the only other tangible value that can replace it.  Stocks of productive corporations.
If you disagree with that, I understand.  I’m pretty much 3 sheet to the wind at this point, so don’t take this as some kind of manifesto on my part.  

Maybe you should drink more (or I should drink less), because that seems pretty damn insightful to me.
I would add that the largest corporations and banks de facto control the governments of the West, meaning that they are essentially the “economy.”

The cult (Trine) did this by virtue of a very simple scam. It interjected itself between the state and its people by creating the medium of exchange (money) as an interest-bearing debt to itself. Money creation is something the State is perfectly capable of doing itself, without incurring any debt nor paying any interest.
This fundamental fraud is the explanation for almost everything that has gone wrong with the world. 
In order to distract society from the real enemy gnawing at its heart, the central bankers have always created a series of phony enemies and unnecessary wars. 

Yes Way to stick it to corruption

Posted by goldielocks @ 22:36 on June 20, 2017  

ATLANTA – Karen Handel defeated Jon Ossoff Tuesday night in metro Atlanta’s 6th congressional district.
http://www.11alive.com/mb/news/politics/elections/ballot/race-to-replace-tom-price-polls-open-at-7-am-today/450354092

Maya @ 20:47 The Kid Looks Like Mr. Bean

Posted by Farmboy @ 21:50 on June 20, 2017  

mr-bean

Democrats Outspent 7 to 1

Posted by commish @ 21:37 on June 20, 2017  

dcxgyszuiaa1fgk

passing the halfway point on precincts reporting…

Posted by treefrog @ 21:18 on June 20, 2017  

georgia heffalump karen handel is opening up her lead to about 10k – 5% over jackass ossoff.

Uncle Clint Hoax News

Posted by Mr.Copper @ 21:14 on June 20, 2017  

http://en.mediamass.net/people/clint-eastwood/deathhoax.html

Farmboy

Posted by Moggy @ 21:02 on June 20, 2017  

I sure hope you are right, Eastwood is a legend.

Oh, PEE WEE !

Posted by Maya @ 20:47 on June 20, 2017  

jo

 

Moggy, It Appears The Eastwood Death Story Is a Hoax

Posted by Farmboy @ 20:34 on June 20, 2017  

so say some websites and I could not find any other news to confirm. Lets hope its just a hoax.

Breaking News: Clint Eastwood passed at 87

Posted by Moggy @ 20:10 on June 20, 2017  

https://www.youtube.com/watch?v=kRu3Zwu0nGc

georgia election, early results

Posted by treefrog @ 20:03 on June 20, 2017  

karen handel (heffalump party) holding an early three percentage point lead over jon ossoff (jackass party).

 

jon ossoff and pee wee herman?  were they separated at birth?

Farmboy

Posted by Maya @ 18:49 on June 20, 2017  

Were you the cause?   Have you considered DeCaf & Nic Patches?

Moggy @ 17:36

Posted by Maya @ 18:45 on June 20, 2017  

Yes, a 5.1 quake 20 miles away will rock your world!  (Speaking from recent experience)  🙂

The ranch here is built on a flat slab on gravel over lava rock.  It has endured 45 years of some pretty nasty ‘shakers’ because the whole slab ‘floats’ together without ripping the house apart.  Many homes here are build above ground on post & pier settings, effectively giving the house ‘legs’ to stand on.  These frequently ‘walk’ off their foundation piers and tear the house apart in a good shaker.

Maya @ 14:28 All Is Well Here

Posted by Farmboy @ 17:59 on June 20, 2017  

coffee-shake

Thanks Maya, I wanted your feedback.

Posted by Richard640 @ 17:42 on June 20, 2017  

Maddog=Thanks! i agree that the shares are diverging in a bullish manner.

Posted by Richard640 @ 17:40 on June 20, 2017  

Maya @ 14:28

Posted by Moggy @ 17:36 on June 20, 2017  

That EQ might be in Farmboy’s neighborhood but Augusta is much too far away for it to affect me, I’m only a few miles from the N.C. state line and FB is a good 80 miles south of me.

Some years ago there was a 5.1 EQ along the East TN/West NC border about 20 miles from me and boyo, did it rock my mountain.  That is the EQ fault that will make me sit up and take notice, not the one way south of my home.

R640

Posted by Maddog @ 16:28 on June 20, 2017  

May is politically ‘brown bread’….rhyming slang for Dead…rarely has there been a more cloth eared politician, she should never have had the job…..I think they ( the Remoaners in the Tory party) gave it to her because they thought she might screw up Brexit…but that has backfired big time. the next leader has to be a solid Brexiteer, or the Tories will be slaughtered electorally.

As for the average true Brit, we know the Van driver should have a medal…and that mass civil unrest may well come,……unless we vote in politicians who will do the necessary.

I see Gold Hui in a C wave down, of a 2nd wave dn….but shares are beginning to out perform metal big time, which suggests a major turn is not far off.

Seriously… Read This!

Posted by Maya @ 15:11 on June 20, 2017  

It might be hopeless, but “We the People” need to make a bunch of noise about draining the swamp, and our bought-and-paid-for politicians that only represent special interests.  George Ure has a great idea.

http://urbansurvival.com/coping-launch-www-americanvoterboycott-org/

 

What’s shakin’ in Georgia?

Posted by Maya @ 14:28 on June 20, 2017  

Not just the election stirring things up.  Had a 3.2 earthquake down in Farmboy & Moggy’s neighborhood.

…or did Farmboy just get one of those vibrating beds??

Sorry I’m late.  I had some actual contract work I got well paid for overnight.   And still nobody makes coffee…. (sigh)

eqcof

 

Richard640 @ 13:28 –

Posted by Maya @ 14:23 on June 20, 2017  

Again, Bitcoin ignorance reigns supreme.  When a BTC transaction is started, the ‘buying’ party software sending out BTC is able to set an amount of ‘reward’ (usually a few fractions of BTC) for the first node that catches the new transaction and confirms it.  Then it propagates to other nodes for more confirmations of transaction.  But there is ‘payment’ to the network node that first confirms it.

Also, when I dealt with an exchange, they DID charge a small sum for the transaction.

So the whole ‘theory’ of that article is completely bogus… ignorance.

Digital currencies-I dunno if this is correct…

Posted by Richard640 @ 13:28 on June 20, 2017  
  • Alleged “exchanges” have no clean business model.  A valid exchange must exist solely on fees charged for transactions.  The problem is that a distributed authentication model, which is what makes “blockchain” work, inherently has no means for the validating nodes to charge back the work of validation to the transacting parties.  This results in those nodes having to exist via some other means (e.g. mining), and that means is usually speculating on the coins themselves!  If you want to know why these exchanges seem to have a record of absconding with your coins (or “losing” them), this is the reason — they have no legitimate business model to otherwise pay for the continuing daily costs of validating and transacting between parties.

  • ALL such “digital currencies” are by design and intent a means to separate you from wealth and give it to whoever founded said “currency.”  They are for this reason all effectively a pyramid scheme.  This will inevitably lead to the seizure and closing of all such systems — if and when governments figure it out.  The reason is simple: With a finite and ever-more-difficult means of mining each successive coin the effect on value for participants is exactly the same as it is in any pyramid scheme.  Since nothing of physical existence is created or dug out of the ground there is no utility value and thus no floor price, unlike gold or silver (both of which have industrial value due to the metallurgical properties.) The person who “invents” such a system gets to “mine” many coins at very low cost (in electricity or whatever.)  He then watches the “value” of said coins escalate as each one becomes harder to “mine” and as hype takes over, and can convert that “wealth” into some other form, whether it be a fiat currency, real property or otherwise.  The founder always makes a grossly outsized “profit” in this fashion with the available profit dropping exponentially and ratably in every single case simply based on the number of participants.  At the beginning recruiting others who also make money is easy because mining the coins is easy.  However, over time recruiting others becomes harder and harder. This is exactlyidentical to what happens in a traditional pyramid scheme — the founder gets a cut off all the sales from everyone under him.  The next layer who all find the field “unmowed” with lots of customers make a lot of money too, but always less than the first group and so on.  But since the number of customers is finite, just as is the number of coins, with each successive layer of participants it gets harder and harder to find others to transact in sufficient volume to turn a profit because the acquisition of each new (coin or customer) becomes exponentially more-difficult.  It is thus impossible on a mathematical basis for any such design to be self-sustaining since it relies on an exponentially more difficult act in a finite world.  ALL such systems are inherently ponzi schemes whether we are talking about digital currencies or the alleged sale of products.
https://market-ticker.org/akcs-www?post=232141

eeos,

Posted by treefrog @ 13:15 on June 20, 2017  

in case you were wondering what happened to all the rain that didn’t fall in that desert, i found it.  it has been raining – lots – for a couple weeks here at treefrog manor.  there’s rain in the forecast every day for the next ten days.  that’s as far out as weather underground goes.  that’s o.k. frogs like it wet.  i’ve been wet before.  i was born wet.

Buygold, Have Never Seen The Markets So Screwed Up !

Posted by Farmboy @ 12:34 on June 20, 2017  

Which is worrisome. Most ‘Indicators’ are useless. If there is any ‘Good News’ is that Gold and Silver prices are not being slaughtered as in past days. Is that indicative of PM strength, or just more manipulation? I cant get a ‘read’ on these markets at all. Time to go to phiz and ground? I am lost as to what to trade. I better figure out this mess soon, or just go to all Phiz and sit it out. From the ‘news’ headlines, to …you name it… I admit I am completely in the fog. These ole eyes see so little of anything that ‘makes sense’.

The vote in Georgia today may be the clue. Some kid (in his early 30’s) is probably going to win an election in a race normally Republican. The amount of money pumped into this kid (democrat) from outside the State is unbelievable. 90 % or better of his campaign contributions have come from outside Ga, mostly from California (Pelosi) coffers !

The Republican running against him has towed the ‘Traditional Repub” line. Not supporting of Trump or his policies, but running on what the Republicans ‘think’ the people want to hear. Typical campaign rhetoric all around. No substance, all BS. The republicans deserve to lose this one. And if this is the sign of things to come in the 2018 elections, the Dems are going to Win Big Time !!

OK, rant off, I need to follow the advice I gave eeos the other day and figure out how to make a profit in the trading account regardless. No excuses, just finding a way to do it. Its a mess out there !

Those juniors I mentioned yesterday

Posted by Buygold @ 12:11 on June 20, 2017  

as being outperformers  – MUX, AXU, GPL are all getting bitch slapped today. No volume of course, but just because they can.

I guess since the USD is pretty strong today I should probably be grateful gold and silver aren’t getting creamed….

but I’m not…

MCLEAN, VA-  July 11: Alana "Honey Boo Boo" Thompson attends the "How to Honey Boo Boo: The Complete Guide" Book Event at the Barnes and Nobles on July 11, 2013 in Mclean, Virginia.  (Photo by Kris Connor/Getty Images)

MCLEAN, VA- July 11: Alana “Honey Boo Boo” Thompson attends the “How to Honey Boo Boo: The Complete Guide” Book Event at the Barnes and Nobles on July 11, 2013 in Mclean, Virginia. (Photo by Kris Connor/Getty Images)

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.