Posted by eeos
@ 10:10 on February 17, 2018
but I tell you what, I think we have a mental and pharmaceutical problem in the USA. These people are messed up. Denial will only lead to more incidents. I have kids, frightens the hell out of me. There’s not a good answer.
Posted by goldielocks
@ 0:42 on February 17, 2018
There was no one who saw more than one shooter. They could think there was more than one. I can only assume that if there was far more students would of been killed.
Cruz pulled the fire alarm the second time because he knew the drill, driving the kids straight to him.
With all the kids if it were fake they’d be talking.
As far as the girl she could of saw him like she said after the shooting stopped because he ran out with the students.
There were other photos taken of the victims that were deleted people saw.
I think people are trying to play detective or can’t get their head around these school or other shooters. This is a big mistake. They need to be protected.
Kids need to learn to talk.
So many kids knew he’d do something like this and all they did was bar him from going to school with a back pack.
It’s not politically correct for them to speak up it would be insensitive.
One man did when he saw his post about becoming a school shooter and FBI did not follow through.
The church shooter the military did not follow through.
It seems if enough of this happens instead of taking off no gun zones to a few responsible to have weapons and trained to use them.
That perhaps they want to wear the population down with fear and they use it a lot to get what they want to violate our rights. Privacy, Mandatory Vaccines, Guns next.
This has been going on for awhile and still no changes. The only changes will probably be going after speech next as it will go into over kill next. They will detain anyone who is perceived as a threat because of something they said.
Just because they ignored it when it was a real threat.
Sorry that’s not gonna do it. Scary to think these people are making the decisions for the rest of us. Meanwhile the likes of MS 13 and other criminals are driving across the border.
Posted by Richard640
@ 23:50 on February 16, 2018
The S&P just tagged .618, so wave 3 down can begin any time…
Posted by joe12pack
@ 23:43 on February 16, 2018
Posted by goldielocks
@ 23:07 on February 16, 2018
Yes that’s true, tax absorbers are making more than most of the general public. However being a cop now is risky business. Not only that they need to keep raising taxes to pay all their pensions added on to new ones coming in. All retirement be SS or Pensions should be privatized not burdens on those who don’t even get pensions or SS used as a slush fund by the white shoe boys who don’t even consider how hard people had to work for that money and their life line. What really gets me is their mismanagement of it then acting like it’s a entitlement while they get how much of tax absorber money when they retire for losing others money?
In these over crowded sanctuary states especially it’s driving prices of housing so high that people can’t retire on what they get.
Trump working on taxes but still only putting a dent in the bottom line of non tax absorbers. Something has to be done about prices but that won’t happen as long as there is more demand for housing than housing.
They have build ” some ” affordable housing but from what I heard besides not enough is that gang bangers hook up with young women with kids in family type housing taking advantage and turning the places into high crime ghettos. But yet they want to keep letting them come across the border.
Posted by redneckokie1
@ 22:57 on February 16, 2018
Thousands of people who are retiring from high wage, high retirement states are moving to the southwest. They can replace 1.2 million dollar homes with $250,00 homes and their retirement pay is 3 times what working people here make. There are many places in rural Oklahoma, Texas and Louisiana where $3,000/mo is a very comfortable living. People sell their houses where they just get by every month to having a much larger house, new cars, boats, motorcycles, airplanes and other trappings of luxury they never had before. They also like the low crime and fewer drug problems.
These are the very same people who stand to lose everything they have if they have not started a second career. Those very same retirement systems that pay out huge sums must take huge risks to generate enough income to keep the plan solvent. Their only saving grace is that the smart ones are totally out of debt when they move to their new areas because of selling their old house and the high incomes from their retirement.
The “Grapes of Wrath” in return is seeing many California Okies moving back to where there grandparents originated. In some instances , the old home place was never sold and was rented out for decades. Some now have producing oil and gas wells generating thousands per month. The fickle finger of fate has indeed smiled on some while saddling others with insurmountable debts and hardship. The perfect storm keeps brewing with no end in sight. Nothing but a total reset is going to straighten this mess out.
rno
Posted by Mr.Copper
@ 22:08 on February 16, 2018
Back in the ’40s 50s and 60s the USA was temporarily known for its MASSIVE middle class. Annual earnings of $5,000 was common, to $10,000 per year you were well off. Everybody and their uncle these days knows the middle class gradually got a lot smaller after 1975.
I know of many ex-middle class baby boomers in their 60s these days that don’t have a pot to piss in. They stopped paying their mortgages long ago. In the NY area today, middle class needs $175,000 to $200,000 before taxes. We have unionized village and county cops making $175,000 to $200,000 plus generous benefits.
Regular working class people these days in my area make $50,000 each, a working couple makes $100,000 as per a real estate broker friend. The tax absorbers make more money than the tax payers. There lies the problem, that Trump and company are trying to fix. Higher wages.
Its going to take YEARS for higher non union wages at this pace. The gov’t itself in 1967 used to be the “union” rep for the non union workers, by demanding employers pay a livable taxable wage of $1.40/hr equal to $26/hr today. (which is the average wage today)
Posted by redneckokie1
@ 21:27 on February 16, 2018
I have mentioned occasionally since gold eagle days about the fed being in the box on retirement plans. With baby boomers coming on strong into retirement, plans are being stretched to stay solvent. Most actuaries agree that a plan must earn 8% throughout the life to be fully funded. Many plans today are less than 70% funded. That means the late retiring baby boomers will get shafted. The fed has to figure out a way to get interest rates back up so the funds can exit the stock market and get back into the bond market without crashing the stock market and the housing market. A very thin tightrope! Inflation may be the only way out of the trap. Living standards will continue to decline as wages and benefits begin to stagnate worldwide to inflate away the debt. I can’t believe the ponzi scheme has lasted this long but all ponzi schemes continue until somebody wants to make a withdrawal that the money holders can’t cover.
Aguila, Tom glad to see you back. Carpio asked about you a couple of weeks ago.
rno
Posted by Mr.Copper
@ 20:59 on February 16, 2018
The question. Can we see how many total contracts are on hand? Owned BEFOR the stated adjustment?
Re your: GOLD
“*The large specs decreased their long positions by 21,968 contracts and reduced their shorts by 6,697 contracts.”
For example, did the large specks already have 100,000 contracts long and 100,000 contracts short on hand and THEN make the adjustment?
If they decreased the existing 100,000 longs by 21,968 leaves 78,032 long on hand.
If they decreased the existing 100,000 shorts by 6,697 it leaves 93,303 short on hand.
Making them net short. Without knowing how many existing contracts on hand, how do we know if they are total net long or net short?
I don’t play futures, so I may be asking a very stupid question.
Posted by Richard640
@ 19:41 on February 16, 2018
Dave with an encore…
The Fed Targets Stock Prices – Here’s Why
February 16, 2018 Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals,U.S. EconomyFed intervention, SOMA account, stock bubble, stock crash, Turd Ferguson
The week before the Dow/SPX quickly plunged 10%, the Fed had reduced its SOMA account (the SOMA account is its “QE” account) by $21 billion. Just as quickly as the stock market dropped, it has sharply recovered more than half of its losses from the previous week. As it turns out, the Fed added $11 billion back to its SOMA account. That’s an $11 billion injection of cash directly into the banking system. Clearly the Fed’s actions were a large factor in the 10% plunge and the subsequent bounce.
The Federal Reserve is targeting stock prices with it’s monetary policy because, if it did not, the financial system would collapse led by collapsing pension funds and the housing market. The pension collapse alone would run into the trillions of dollars.
I have a good friend/colleague who works at big public pension fund. He did a “stress test” study with the data available to him on all big public pensions. He concluded that, based on the current stated amount of underfunding at every big pension fund, if the Dow/SPX declined 10% or more over a sustained period of time – where “sustained period” is defined as 3-4 month – every public pension fund in the country would collapse.
You’ll note in the graphic above that the three 10% drops in the Dow since August 2015 were followed with sharp, “V” recoveries. Each one encompassed 10% drawdowns which were remarkably brief. The latest 10% plunge has been met with an equally forceful recovery, with the 10% decline allowed to persist for less than three trading days.
Craig Hemke – aka “Turd Ferguson” – invited me to discuss the the massive financial pressures building in the U.S. financial and economic system. It’s 2007 before the de facto financial system collapse on steroids. The factors discussed explain why the Fed will not let the stock market sustain a meaningful sell-off visit TF Metals for the podcast.
***
Posted by Richard640
@ 19:32 on February 16, 2018
The Commitment of Traders Report
Silver
*The large specs increased their long positions by 1,087 contracts and increased their shorts by 8,916 contracts.
*The commercials increased their longs by 4,771 contracts and decreased their shorts by 3,922 contracts.
*The small specs increased their longs by 521 contracts and increased their shorts by 1,385 contracts.
************************************************************************
GOLD
*The large specs decreased their long positions by 21,968 contracts and reduced their shorts by 6,697 contracts.
*The commercials reduced their longs by 7,803 contracts and reduced their shorts by 18,718 contracts.
*The small specs increased their longs by 2,510 contracts and reduced their shorts by 1,846 contracts.
Interesting to see the large silver specs get more short.
Posted by Buygold
@ 18:45 on February 16, 2018
Great life and great story and experiences. So good to hear truth and real life on the internet.
I think all of us hardened goldbugs are poor now, I know that I am working again after being retired for a long time.
I’ve never had to endure what you have with loved ones though, so I need to count my blessings.
An honor to know you Alex.
Posted by Alex Valdor
@ 17:24 on February 16, 2018
I needed that today after being stomped…again .
It seems I’ve had an angel on my shoulder in life .
Too many doors were opened for me that I can’t say I deserved – more than coincidence.
Example : I was on an interview trip for just one day in the mid-70’s and saw the most beautiful woman I had ever seen , on an escalator for a few seconds . Never forgot her . Ten years ( and two continents ) later I was in the midst of a divorce and a colleague at work started pestering me to meet his wife’s cousin . I put him off for close to a year , then finally relented . We were to meet at his home . When I got there and she turned around , it was the woman from the escalator . We married and spent the next 20 years together . You already know the story of her death . The only way I could turn my grief around , was to be thankful that I had been married to the woman of my dreams for 20 years .
At present I am poor , but happy , and healthy as a horse – not bad for someone pushing 80.
And I can add , married very happily for the past ten years to a very sweet Colombian woman , who is also a ‘looker’ ( beautiful ) . She ,unfortunately, is sliding into dementia , but can count on me to do all I can .
Posted by Buygold
@ 16:44 on February 16, 2018
I forgot to tell you how much I appreciate your posts and especially your life experiences in sharing what’s happened along the way with your wife and your life. You have such a great perspective on things.
I’m grateful to have you here.
Posted by Alex Valdor
@ 15:56 on February 16, 2018
The timing is too obvious .
Posted by Buygold
@ 15:52 on February 16, 2018
The bottom line is that they’ll never let us make money in pm’s. You get one decent day out of every 30 days. Especially with the shares – they are a complete joke.
Call it backing and filling, call it whatever fits the narrative, it’s still a joke.
Nothing has changed except the shares are weaker than they were the last time G & S were at this level.
If there were something worse than pm shares, I’m sure I’d own that too.
http://www.cftc.gov/dea/futures/deacmxlf.htm
Posted by goldielocks
@ 15:31 on February 16, 2018
Right, power corrupts and I would definitely not trust China either even though they manage their economy better. They can get away with it because they are not the core currency. China doesn’t even trust China with their currency except maybe big businesses.
I don’t think they would want deflation and costs for everyday necessities or housing prices to skyrocket like it did here either on the other end of the spectrum corruption we see only swings from one extreme to the other.
Don’t think they would want to be having to protect others on their dime worldwide or having to get into wars either that aren’t theirs.
Posted by Richard640
@ 15:23 on February 16, 2018
Posted by deer79
@ 15:21 on February 16, 2018
I guess the cretins had to make sure the 1350 call options expired worthless.
Posted by ipso facto
@ 15:09 on February 16, 2018
Posted by ipso facto
@ 14:15 on February 16, 2018
Posted by goldielocks
@ 13:45 on February 16, 2018
Good quote.
WH just came out they’re indicting a bunch of people concerning the elections. Apparently there were Russians posing as Americans that were working for ” not with” both Bernie and Trump. At one point they started a rally one for Trump one against him on the same day to cause discord. That it didn’t affect the outcome of the elections.
Posted by ipso facto
@ 13:16 on February 16, 2018
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
Alexis de Tocqueville
Posted by ipso facto
@ 13:12 on February 16, 2018
Posted by ipso facto
@ 13:10 on February 16, 2018
“I think it’s China’s turn to be “blessed” with reserve currency”
It’ll be a long time coming. Although I don’t know if the nations of the world will put so much trust in fiat money anymore esp after the debt of the USA sinks it.