Yes everybody knew that DAY they would collapse after hearing the sounds. What I meant, was, before that day they had no experience with hollow shell buildings imploding. The flooring in the buildings was the week link. The walls needed the floors “to live”. The floors were light duty and melted. New fangled anything is net experimental. Prototype.
Mr Copper
Copy that although as far as the Wtc they knew is was going to collapse withness said when warned by fireman when stopping to help others to get out fast as they could but sadly didn’t know how fast.
goldielocks @ 15:01 Globalization is in trouble and in reverse
Roger that. I just got home. I recently retired my cell ph from 1999, and started using a new fangled hand me down I phone # 5. Too difficult to post with it. I find it hard to trust any trend these days, with all the irrational break-outs and crashes in short times.
Globalization is in trouble and in reverse. Its ALWAYS harder to go in reverse after going forward, be it a car, boat, truck, gambling, smoking or abnormal centrally planned fake global economy. TPTB created World Trade Center build economy. It looked big and looked like a building, but it was a fake building.
Hollow inside. Like a big sand castle. New fangled construction, not built to 1910 codes. Building in the past never collapsed into a mound of debris because of a fire. That’s why so many firemen got killed. They never suspected the buildings would crumble like that
Maddog @ 13:22 re your “to inflate away the lousy assets”
That is one thing they don’t seem to understand. For a consumer that just bought a house, or a government that took on more debt, they BOTH need higher growing salaries to “win”.
The consumers monthly payment gets smaller as his wages climb, and same with gov’t. They need higher wages to clean more tax receipts to make their debt feel smaller. I knew decades ago that wages HAD to go up in EXACT unison to the climbing cost of living.
Good cost indicators to match would be property taxes, newspaper, car prices etc. They ignored the wages, and for one example, they had to increase car loans to 6 years instead of 3 years. And or RENT out cars so the consumer can buy only HALF the car and then give it back, or rent another. The car renter will never be able to own a car outright or ever be without a payment.
Home loans too. The banks HAD to “pay” people to buy houses, via 105% mortgages. They had no other choice. Nobody had a down payment saved up. Plus the under paid masses could not get afford to get into a rental. Three months up front. Its all welfare. Accommodation for low wages.
You can’t screw a land lord, but you CAN screw a big banking type corporation for humanitarian needs.
Someone woke the scum up
or they just backed of….anyway they smacked Au for $ 6.00 to ensure prices were well off their best….typical paint job….the Rig rules.
Alex
The bear..I saw it on TV back in the 80s. He didn’t look around didn’t see it coming. I’m surprised who ever filming it didn’t warn him unless he or she didn’t want to startle it. Some of these places you have to keep a gun on you everywhere you go. This bear even put his bear arm on the guys shoulders intently looking at the fish he brought in. I thought holy S..t that would of scared the heck out of me. The guy looked like I can’t believe I’m still alive look after the bear walked off with his fish.
Yes they’re terribly territorial.
Saw a video of two guys in a boat go down a river and there was a bear with two cubs. That bear was fast. Charged at them out of the woods into the water in like a second or two from about 75-100 yards away almost got them.
ipso facto
Re hui
amazing what happens when the scum ease up…..blindingly obvious there are loads of PM buyers, all being stuffed by the Rig.
Mr Copper
I wonder if it will bring up other companies who use the Al and steel?
Like PCP etc next. Infrastructure when it gets going as Trump will keep his promises and one was Steel and AL workers another is infrastructure.
Ps maybe I got my car just in time lol
Ipso
Wow shock.
Mr Copper
Crash from Trump announcing tariffs on steel thing Al too. Nucor was on saying how China was screwimg everyone.. Country on trade, manipulation, nafta on and on like dumping steel lower price to keep their workers working and forcing other countries to drop theirs on and on.
Think it’s putting drag on PMs too depending where their from.
US steels poped today maybe good buying op. I have a few shares of one of them.
X NUE AKS STLD all popped on news, al century aluminum all poped.
Maddog
LOL Keep an eye out for Deep State gatherings, lizards and such!
Ipsofacto
Nice “work” if you can get it.
1 of the bums from Macquarie Bank, just bought the house opposite for £ 1.25 million……barely ever there, as just one of a number of homes….another PoS Bankster is doing up a house in the village and it is a 23 month contract, with builders all over the place ….
Still at least I know where to relieve myself, if caught short on the way back from the pub !!!!!!
LOL … per @Highheat
[@Highheat] Jay Powell ” I was just kidding about the 4 rate hike thingy”
Wolanchuk 25 minutes ago
lets not get too excited yet….short term problems exist maybe todays action will clear that all up ….next week the clx chit shud provide the kinda wind we need till then …..pins n tweedles
scum must be getting lonely
Only buyers of SM and sellers of AU….
Maddog
I wish we were able to borrow millions and place it in dodgy investments and then when it blows up say: Oops you better make me whole.
Nice “work” if you can get it.
I guess letting 15 yr old quants run the financial world, might not be looking so clever as of today
Mr Copper
Good points……as u say we get deflation after an inflation ….This time around some say they want a ‘tame’ inflation, to inflate away the lousy assets they took in after 2007 and all the debt they now have. Hence this talk if no wage inflation yet, as they actualy want inflation, for once.
Of course no-one has ever created and managed a tame inflation, which is why the likes of Dalio are long Gold and bearish bonds….
I read that Book Fed Up by the Fed insider and it is way scary, as she confirms thay haven’t got a clue, it’s all theory and hope….the only thing that holds it all together, which she is silent on, is the Rig….take away the Rig and the wheels would have fallen off years ago.
Goldie – great bear story
Haven’t seen that video , but did see one by a guy on the bank above a river with bears taking fish from the run in the river , when a bear meanders up , just a few feet away , watches the other bears , then starts toward the guy making the video for a moment , and leaves again .
It looked like a grizzly , which are notoriously territorial , so the video amazed me .
In My Opinion The Mass Shooter Was A Closet Gun Hater And “Martyred” Himself
I’ll bet if they do an investigation they find out he hated guns, and purposely said and did all those bad things, then buys guns, shoots up the school, and purposely does NOT kill himself, because he wants to see the results.
The 19 Nine Eleven terrorists were not able to see the damage and results they caused. Ya know even that sandy Hook killer may have been a closet gun hater. He KNEW his mother was a shooting enthusiast and she was trying to get him interested, why else would these killers use AR 15s with 20 rd mags???
If news like this ever got out, that anti gunners are willing to KILL people to get their way, it would be the end of them. Bad publicity.
Maddog @ 10:11
Re your part:
“it’s the amount of money printed all round the world, that says Tangibles will go way up. ”
Comment:
What you say is logical but lets give it more thought. They say behind every inflation is a deflation. Look at 1929 deflation after the excess printing 1913 to 1929.
Loans that don’t get repaid is deflationary. Whenever the stock market collapses, lots of printed money evaporates to money heaven. Whenever the stocks and real estate prices go up, that also is like more printing without the printing.
I once heard Greenspan say, I’ll never forget, something like, “We never thought we would ever have a problem with deflation, because can print all we want”. That day I figured he was lying or ignorant. James Dines long ago said he knew Greenspan and he should be a plumber. 🙂
After the gold cut off in ’71 wages kept up with inflation, is many cases surpassed inflation. TPTB claimed wages were too high and causing the inflation. After ’80 the objective was lower inflation thru cheaper imports and union busting. Now here they are all in a panic mode about no wage inflation.
Besides all that, the climbing prices after ’71 was because of printing 1034 to 1971. After 1971 TPTB REVERSED printing. They raised rates ’70 to ’80 5% to 21% to SUCK money OUT of the system. By definition, removing money supply is deflation, increasing money supply is inflation. The pricing is another matter. Lag times between action and reaction.