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From part 2 of the Deep State’s War on Gold – This is what I’ve completely missed anticipating
Why? For four primary reasons: 1) To prevent the pension system from collapsing, which would bring down the entire economy and banking system with it; 2) To generate badly needed income and capital gains tax revenue; (Please keep in mind that most employee stock option gains are taxed as individual income, and result in top income tax rates being imposed; full, uncapped Medicare taxes being paid by both employee and employer; and, the Obamacare 0.9% Medicare surtax being collected. Therefore, such stock option gains represent a trifecta tax bonanza for the government. Additionally, capital gains over a minor threshold amount, which is not indexed to inflation, are now subject to the Obamacare 3.8% surtax, which the proposed “Repeal and Replace” House and Senate legislation never rescinded, evidence that the government is dependent upon the surtax revenue and will not let it go. As we can see, Republican legislators spoke with a forked tongue; while they said they hated Obamacare, they forgot to mention that they love its tax revenue and have no intention of parting with it); 3) To foster the “Wealth Effect,” and thereby stimulate consumer spending, which is critical to employment, corporate profits, corporate profit taxes and state sales taxes. In deliberately creating a consumer spending, as opposed to a production economy, the government and the citizens have become slaves to a low-to-zero savings, binge spending, consumer impoverishment economy, which is a Castle in the Air and a mirage that will fade; 4) To facilitate a high-intensity, big-dollar insider trading, front running and looting spree, via the dissemination of inside information to the elite regarding upcoming WCBD policy decisions and government economic reports, all of which move markets in predictable, sizable, and enormously profitable ways for those who can exploit them in advance. The surge in wealth inequality is not natural, and not an accident.
In addition to precious metals price controls and the legalization of bail-in banking, numerous other developments, such as the accelerated push to eliminate cash all suggest that the people are being elaborately set up for epic financial slaughter by the Deep State plunderers. The Deep Statists are intent on eliminating financial sanctuaries that are outside their bail-in dragnets. In past situations of this kind, gold has performed admirably in protecting wealth and, far more important, human lives.
mr copper
there are 12 ounces in a pound of gold or silver.
precious metals are weighed using troy weights.
there are 12 ounces in a troy pound.
there are 14.58 troy ounces in an avoirdupois pound.
there are 13.33 avoirdupois ounces in a troy pound.
this is only useful if you are dealing in franglais.
Silver Today $250 Per Pound, Gold $19,200 Per Pound
Assuming 14.58 Troy Equals one pound.
Ridiculously Expensive Versions Of Everyday Items.
http://canyouactually.com/here-are-17-of-the-most-ridiculously-expensive-versions-of-everyday-items/
Ororeef
Glad you made it back and not stuck somewhere. Got to admire those pilots in weather like that. I hard a hard time driving in a rain white out last night which naturally the windshield wipers were not working right in my line of vision and no instruments to guide the way. Cold air not good for a head cold.
That book by Bannon no one even really heard of before Trump is a Judah. Who would trust a man who would turn on their own friends for personal gain when he had really nothing to do with the voters decisions. Did he stop the libs from voting against Trump? Nope. He was for Trump is what people identified with but now they won’t trust him anymore. If I were to buy that book I’d only buy it to put with a collection of other stuff with notes for historic reasons but best to just make comment on the verses. People already came out who he said his quotes about their comments was fabricated.
Portugeezer 10:00
Lol We are now the forgotten man and women.
Bitcoin or Gold 2018
Ran across this website, seems OK
http://dystopiausa.com/safe-haven-2018-precious-metals-versus-bitcoin/
Hmmm
Foreigners are banned from buying property in New Zealand — Canada should do the same
Morning Portugeezer
Yeah, me too.
Maybe the Chinese opening the new Yuan/Oil exchange supposedly on Jan. 18th will help move things along.
Those charts of the TSX were interesting but hardly feels like a bull market started in 2016
Interesting charts, course doesn’t account for the rig but the author makes a good bullish case…
5 Must See Charts Showing Why Gold’s Going Higher In 2018 & Beyond