Loading ...A friend’s daughter went to the Univ. Colorado. Before sending her off to college he told her: “You’re going to meet a lot of crazy people with crazy ideas. Don’t believe them all. I taught you to think for yourself.” She has now graduated.
Mass population reduction?
Is 5G Worth The Risks?
From Jesse’s site
“Ordinarily, the financial risk in a market, and hence the risk to the economy at large, is limited because the assets traded are finite. There are only so many houses, mortgages, shares of stock, [bars of gold], bushels of corn or barrels of oil in which to invest.
But a synthetic instrument has no real assets. It is simply a bet on the performance of the assets it references. That means the number of synthetic instruments is limitless, and so is the risk they present to the economy. Synthetic structures referencing high-risk mortgages garnered hefty fees for Goldman Sachs and other investment banks. They assumed an ever-larger share of the financial markets, and contributed greatly to the severity of the crisis by magnifying the amount of risk in the system.
Increasingly, synthetics became bets made by people who had no interest in the referenced assets. Synthetics became the chips in a giant casino, one that created no economic growth even when it thrived, and then helped throttle the economy when the casino collapsed.”
Carl Levin, US Senator
Treefrog
I’m wondering if they are trying to hold off on the next Dow all time high till after the elections because after there will be a consolidation or a fall. Any fall will be blamed on Trump. I don’t know how they can drag it out that long less they have a decline prior.
richard640, @ 18:47
i like it! but i’ve seen:
…This insurance is now so artificially depressed that natural forces alone will cause the price of gold to rise rapidly…
…and this is overdue to unwind…
…will create a massive move to the upside…
…that’s when gold goes parabolic…
and similar raves by maguire, butler, et al for quite a while now. i’m sure it will all happen. what i’m not sure of is when? will i still be alive when it does?
i’m still alive today, so that’s good enough so far.
The pain on the downside is proportional to the excesses during the preceding boom
In my 30 years of studying Bubbles, a few things have become clear – I would argue indisputable: They always burst. During the Bubble, virtually everyone dismisses Bubble analysis, instead believing the boom is well-founded and sustainable. The pain on the downside is proportional to the excesses during the preceding boom. Tremendous damage is inflicted during the final “Terminal Phase” of excess.
The China Bubble has altered global inflation dynamics – it has fundamentally changed geopolitics and the world order. It has certainly played a prevailing role in a global backdrop promoting asset inflation at the expense of wages – in the process exacerbating inequality. And, increasingly, China’s ascendency on the world stage has spurred an extraordinary Arms Race in everything technology, industrial, military and geopolitical. In short, China has become the Global Poster Child for Unsound “Money” – with incredibly far-reaching consequences.
http://creditbubblebulletin.blogspot.com/2019/05/weekly-commentary-transitory-histrionics.html
Big Train
The ‘Big Boy’ lives! Union Pacific 4014 was
resurrected and rebuilt. This is the largest steam
locomotive ever built. Essentially two locomotive
driver sets on one long frame.
https://railpictures.net/photo/695983/
https://railpictures.net/photo/695982/
https://railpictures.net/photo/695987/
WE have pulled back 50 % on many leading Gold stocks
we should move higher from here ..I see a botttom in JNUG