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

But if you do get the bad for of it it’s gonna be living hell, or worse for those over 65.
I’ve been telling people to just don’t go out less for fresh air if they don’t have to and watch gas handles when getting gas. A vector for community spread.

Funds’ Exposure will be reduced from 300% to 200%

NEW YORK, March 20, 2020 /PRNewswire/ — Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.

In consideration of the best interests of shareholders, the Board of Trustees of the Direxion Shares ETF Trust has approved changes to the names, investment objectives, and investment strategies of 10 leveraged ETFs (each, a “Fund” and collectively, the “Funds”), based on the recommendation of the Funds’ adviser, Rafferty Asset Management, LLC.

Effective May 19, 2020, each of the Funds’ names will be changed as follows:

 

Currently, each of the Fund’s investment objectives is to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% (for the Funds with Bull in their names) or -300% (for the Funds with Bear in their names) of the performance of the Fund’s respective underlying index. Effective May 19, 2020, each of the Fund’s investment objectives will be changed to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200% of the performance of the Fund’s respective underlying index, as shown below:

A low probability of catching COVID-19

A growing body of evidence indicates that COVID-19 transmission is facilitated in confined settings; for example, a large cluster (634 confirmed cases) of COVID-19 secondary infections occurred aboard a cruise ship in Japan, representing about one fifth of the persons aboard who were tested for the virus. This finding indicates the high transmissibility of COVID-19 in enclosed spaces

“If you have a COVID-19 patient in your household, your risk of developing the infection is about 10%….If you were casually exposed to the virus in the workplace (e.g., you were not locked up in conference room for six hours with someone who was infected [like a hospital]), your chance of infection is about 0.5%”

“Transmission by fine aerosols in the air over long distances is not one of the main causes of spread. Most of the 2,055 infected hospital workers were either infected at home or in the early phase of the outbreak in Wuhan when hospital safeguards were not raised yet,” she said.

“We have never seen before a respiratory pathogen that’s capable of community transmission but at the same time which can also be contained with the right measures. If this was an influenza epidemic, we would have expected to see widespread community transmission across the globe by now and efforts to slow it down or contain it would not be feasible,” said Tedros Adhanom, Director-General of WHO.

Common transmission surfaces

• COVID-19 be detected on copper after 4 hours and 24 hours on cardboard.
• COVID-19 survived best on plastic and stainless steel, remaining viable for up to 72 hours
• COVID-19 is very vulnerable to UV light and heat.

COVID-19 will likely “burn off” in the summer

@ Maund re 21:44

(Mr.Copper) Nov 28, 22:43

Part: “The United States is a country that has been living way beyond its means for a long, long time, and has been able to get away with it until now because of the dollar’s reserve currency status, and also because of the curious appetite of foreigners for US assets and securities.”

ans. I can’t buy that statement, because the US lost numerous tax paying industries and jobs to other countries who depend on their livelyhoods by selling to the United States. It’s the rest of the world that got away with something imo.

Part: There is another dimension to the dollar crisis now almost upon us that should not be overlooked or underestimated, and that is the effect of the tremendous loss of esteem and respect from the rest of the world that the United States once enjoyed,”

ans. Of course they had respect while they earned their living, and made a killing selling to the US. Now they see their picnic is ending and don’t like it. 🙂

Part: “The rest of the world are the US’ creditors and therefore have a lot of power. The rest of the world hold a lot of US dollars and US dollar denominated assets, and might just decide to sell them, fast. This is, I believe, a potent factor that will greatly exacerbate the dollar’s decline and lead to a much more serious dollar crisis.”

Ans. All they did is hold our interest rates down below the inflation rate, and who needs that?

You could even look at the world’s creditors like a credit card company that keeps extending your credit line for unsecured loans. It’s the creditors problem, not a US problem imo.

They rented out their money just like a landlord rents out a house. They gave up their rights to the property. The tenant, or borrower has possesion, which is 9/10th of the law. 🙂

I see no way but up for the US after the final “whatever”. The world will have to fend for themselves. The international dollar was in their favor anyway as they devalued against it.

How long did they think they were going to get away with that? (Trade deficit) Draining our industries profits and taxes to such a point that the debts got too big for the US taxpayer, and can’t be paid off until we start exporting into a surplus.

 

@MrCopper Much of what Mr Maund has said is correct.

(AuAg_Tsunami) Nov 28, 23:00

Is it that maybe your being bit too thin-skinned? Let’s not forget who stepped up to the plate in first place.The US chose to be the world’s dominate economy.

The US has been living the high life for many decades by exporting it’s inflation to the rest of the world so it’s citizens can drive gas guzzling cars.

Don’t start me!

 

Mr. Copper

(ColonelKrueger) Nov 28, 23:07

I think you have a point on the US recovery. The one asset the US has is the mind set of the average American. They believe there isn’t any thing they can’t do. They just need to loss their jobs to get motivated to start business.

 

(AuAg_Tsunami)(ColonelKrueger)

(Mr.Copper) Nov 28, 23:40

Hi guys, I hope you’re not made at me. Just my observations, or view.

You know, I don’t think the US wanted to fight in WWII, which ended with us as having the only standing factories, so yes we were exporting to the world and living good for a while, until 71′ thanks to fed fiat.

I don’t understand how the US exports inflation, the Fed maybe? Anyway I heard a dollar goes very far in a other countries but not here.

If you consider the US a land mass only, then YES, the US absorbed the worlds stuff and left it’s own stuff in the ground for later use. Stuff to stuff the US is ahead.

If you consider the US a group of taxpaying people? then NO because their tax dollars did a lot to help other people throughtout the world, no?

Many American businesses and people have a declining living standard would be better off with a trade surplus.

Would you agree that a countries people are better off with a trade surplus? Imo, the country who dies with the biggest surplus wins.

The country with the biggest deficit loses. Thats’s the US, we already lost no? Should I get a lobotomy? Am I getting false beliefs? Hey I admit I could be wrong in my thinking. I do not have a phd in anything. 🙂

 

mr copper 23:40—i disagree…you have a phd in the school of ‘life’…gtv500/10 my li ny friend

(WANKA)

 

 

Re Gas Guzzling Cars

(Mr.Copper) Nov 29, 00:05

Imo, if you live in a high tax socialist country you can’t afford to drive a V/8.

If you live in a lower tax capitalist country you can afford to drive a V/8.

I’ve been driving one since I was an entry level kid, and I REFUSE step down now. It’s a standard I want to maintain. 🙂

My observation is as the US is gradually getting socialest, I see more and more Americans forced to stepping down to small economy cars and rishing their lives.

Most people I know with gas guzzlers don’t use them too much. The people who drive a lot use economy cars, and in reality they burn more fuel than the V/8 people, because they work far from home.

Maybe tptb should mandate a maximum comute distance. Anyway I do not believe anything the cabal media says or implies, and you have to assume tptb (international business) want cheap fuel and energy for themselves,

so they want us little people to ride a moped if they had their way and they use the media to bad mouth SUVs etc.

It’s the factories and jet aircraft and ships that are gas guzzlers imo.

 

(WANKA)

(Mr.Copper) Nov 29, 00:08

Roger that Wanka, you’re a real gentlman. Have to shut down now so have to say good night. 🙂

 

Mr.Copper……………..A doctorate?…………………

(goldrunner) Nov 29, 00:23

Mr. Copper, I have my doctorate, but I learned most everything I know from a bunch of coal miners and farmers. They are my heroes. You are my hero, too, along with Wanka, Ment, FLgold, and so many others.

And has anyone run into Roger Babson, anywhere? I think we need some more train(ing).

GR

 

@ Mr Copper Of course I ain’t mad.

(AuAg_Tsunami) Nov 29, 00:29

Don’t take too much notice of me. I tend towards being a bit too vocal sometimes.

Your comments are proof that your more intelligent than you admit to yourself.

At the end of the day though, the US has needed the rest of the world almost as much as the rest of the world has needed the US. The US has undeniably offered so much to the world in a variety of ways, particularly as you suggest post WWII as well as during.

If it wasn’t for the efforts of the US Fleet most of the Pacific would have been consumed by the Japanese. Not to mention their direct effort in seriously shortening the length of the conflict in Europe.

As far as exporting inflation you are so close you have virtually answered your own question.

When the US decided to become the world’s reserve currency it also made the decision to take on all the responsibility that comes with such a role.

Discarding the gold standard gave the US Fed an open ticket to inflate as much as they like.

Under normal circumstances Central Bank can only print for a limited period before inflation creates a crisis of confidence.

However the Fed had the advantage of having the wold’s reserve currency.Thus they had a huge market to continue exporting their dollars to the rest of the world.

This is fine as long as the rest of the world was prepared to accept them.

For so long the appetite for USD’s has been huge,BUT due to the irresponsible and one would have to say arrogant actions of the US Fed,most of those USD are now about to come flooding back home.

The ramifications of what is now unfolding will have a lasting impact for decades to come,not just in the US but the whole world.

 

 

Mr Copper

(ColonelKrueger) Nov 29, 00:45

I consider you among the greats of this site, or I wouldn’t have post what I did. I have a PhD too. But I cheated, it took 5 army clerks with Selectric II type writers to do the Disortation. After reading most of my post you know why it took so many.

 

@Mr.Copper: re: your 00:05 post. . .

(TheBox) Nov 29, 04:22

@Mr.Copper: . . .apropos your comment about jets as fuel guzzlers. Everyone knows that hybrid vehicles, bio-diesel, & fuel-cells, et al are viable alternatives for land-based vehicles/buses, etc. What, pray tell, is a legitimate future viable alternative for petroleum-based jet fuel?

I apologize if I posted this querry B4, but your previous post provoked me to respond with this theoretical perplexity. TIA, TheBox. Appreciate

 

I’ve been away a long time……………….

(Bodie) Nov 29, 22:15

A while back, i felt it necessary to stand back and observe only. A person tends to back his theorems once published, right or wrong. I have seen tremendous profit by watching. Guilt or ego, i’m not sure which, causes me to write tonight.

As some here know, i have been at this for many years. Gold and silver are a passion, maybe even a problem. Gold is truth. Period. Gold is money. Period. Gold is a liability of no one. Pure truth. I recognized this 20 years ago. Converting fiat to gold is easier than convering water to wine. It just is. For many here, it is only about profit and loss. I’m so

sorry. It is about so much more. We are surely entering a period of time which will test your resolve beyond mere money.

Ment is onto this but so few listen. Mr. Copper is on to this but so few see. We are on the cusp of a new order. A day from now, a week from now, a month from now, a year from now. Impossible to know. But the new order is obvious if you will open your eyes.

The intelligence on this forum is awe-inspiring. I am no match for the day to day, week to week, or month to month offered here. But i am able to see. And the future is clear. Very, very clear. Gold will win out. Always has, always will. Truth my friends. Truth. May sound corny. But truth wins in the end. Its the timing we disagree about.

I have waited for this moment for 20 some years. I always knew it would come. It is upon us now. Right now. I feel the need to write this forum as time is drawing short. There is only one protection for you and your family. Gold and silver. Position yourself as you see fit. But position yourself. We are about to embark on times you read only in a history book.

Hope this didn’t sound too weird or corny. I know in my heart it is so.

Bodie

 

@(coupdegrace) Mystery of the dollar (exchange rates) 21:37

(Mr.Copper) Nov 29, 22:38

Part or art from Omaha World-Herald regarding how the US should support the dollar.

“There is one other step the United States could take, and it would be a sound one: Encourage more savings (and thus reduced consumption) by Americans. Many economists have noted the need for Americans to make this shift.”

What I want to know is how these silly articles get in the newspaper. Most of the story was informative but when I got to that part shown above I said whaaat?

The Americans will do what the Federal Reserve (founded by some bankers from England and foisted onto the dumb American representatives in 1913) wants them to do.

In 1980 the buffoon Paul Volker et al wanted us to stop spending and save money, so they raised rates to 21%, and it worked fine.

Everybody dumped inflation hedges and bought CDs paying 18% and T-Bonds paying 16%. A 999% no brainer.

Recently the Fed decided they want Americans to SPEND money so they lowered the rate to 1% for savers and 5% for borrowers to spend money. It worked fine. The entire consumer market is over bought.

Now these media idiots want us to SAVE money now? At 1-2% no less? People aren’t that stupid, so they’ve been putting excess funds into real estate and stocks.

Why don’t they just admit the situation is like a tangled up fishing line because of fiat money and manipulation.  What made the bankers think they could do a better job managing the economy than the “Invisible Hand” of capitalism. 🙂

 

Mr. Copper, 22:38, you are a genius

(AAA) Nov 29, 23:28

That is the whole supply demand issue in nut shell. Left to it’s own devices mother nature and the invisible hand take care of things. Intervene and you get a mess. There are always winners and losers and the whole idea is to be ready before the storm hits.

Great insight as always. Love your posts.

 

 

 

Good job. He’s fortunate to have you guys around and vise Versa.
My brothers one year after death anniversary today. Sister and law and especially his daughter having a hard time because they can’t even get together because of this virus.

Memories from way back and I simply love them. I guess that I’m one of the few that has pleasant memories of chats with Goldrunner. Liked him then and I like him now. We can chew anybody up whenever we want but, try taking them on point by point..then you might just find a bit of sweat coming down your brow.

https://www.zerohedge.com/health/covid-19-evidence-over-hysteria

Maya I did a search but I only found one sentence, in a post from goldrunner, at the end of a post from I think 2004 shown below.

Mr.Copper……………..A doctorate?…………………

(goldrunner) Nov 29, 00:23

Mr. Copper, I have my doctorate, but I learned most everything I know from a bunch of coal miners and farmers. They are my heroes. You are my hero, too, along with Wanka, Ment, FLgold, and so many others.

And has anyone run into Roger Babson, anywhere? I think we need some more train(ing).

GR

Oh yes I know the symptoms of a stroke.  After Papa got out of the hospital for his fall, one day he was sitting in the garage and his speech was slurring and drooling out of one side of his mouth.  We immediately got him to the ER.  We are considered a rural healthcare system on this island, but Hilo medical center has a neurology dept. and several cardiologists… and damn few other specialists on the island.  They got an MRI of his head and found the hematoma and they got his blood pressure down.  They were ready to fly him to Honolulu to drill the hematoma to relieve the pressure, but it wasn’t needed after they got his pressure down… his speech recovered in a matter of hours.  Just pressure on the brain in the speech areas were causing the symptoms.  Gave us all quite a scare, but he recovered nicely.  So now we keep his pressure below 140 with meds and the hematoma is slowly resorbing.

I love ES and own CEF

He is on our team……. for sure

I just always wondered why, if the silver market is so tiny and he had the resources why he didn’t try to take a huge delivery of physical on the comex  and see if the Phyzz is really there for settlement

I dont pretend to understand much about paper vrs phyzz

I will never understand the “COT” reports

Im just the Winedoc ………..

and ………   Its happy hour

Everyone stay safe and healthy

Winedoc

You can do as much as a nurses aid probably know as much or more.
Yeah afib puts them at risk so best for you all know symptoms of a stroke. That can include a bad headache and then check pupils in his eyes and rom of both extremities if one not working as well as facial droop on one side and if he can repeat a sentence or numbers. He can pass some still having a stroke. There is a window to get help and make sure they send him to a neuro hospital. I guess on a island they don’t have different hospitals for different things which they do sometimes. What happens is they’ll say their okay when they’re not less a lot of pain because they don’t want you to call a ambulance.

If I do end up with a bunch of change, at the super market where I use the credit card, I ask them to credit me for the change, then use the card for the rest. Thanks for the info, I’ll search my old posts for your old handle.

I carry a ‘fanny pack’ bag that has my wallet, checkbook, and a zipper pouch in front where I dump all my change.  Periodically I will sort thru it when it gets too heavy, and then aggressively start dispensing exact change for purchases to get the weight back down.  I get some stunning finds sometimes.  Just a few weeks back I found a bright red, uncirculated condition penny from the 1940s!

Lets see…. back on Vronsky’s forum I was “Roger Babson”.  He was an economist back in the 20’s that correctly called the 1929 crash.  I have one of his books entitled “If Inflation Comes…”  that I inherited from my dad.

In a way maybe he does.

The Sprott Funds – PSLV; PHYS; SPPP and CEF all promise to hold “fully allocated & unencumbered physical metal”.

Assuming that this is the case, these funds all take ounces away from the criminal COMEX & LBMA exchanges.

Check them out here:  https://www.sprott.com/investment-strategies/physical-bullion-trusts/

Eric Sprott has spoken on the subject many times and IMO he is on the side of Gold & honest money.

I could be certainly be wrong, but I trust that he is on the up & up.    I own shares of his funds, but please DYODD.

None of us has more than Social Security and a modest pension that we do not owe taxes on.  So no tax deductions on the 1040SEnior form.  We had a social worker and RN visit the home after he got out of the hospital for a fall.  We got all the grab bars in the shower and toilet, he’s got a walker and cane (that he never uses and doesn’t really need).  I think we would be required to be a certified nursing assistant to get paid by the state here for caring for him.   But we do it for love, because we are family.  We do stay over at the house because he should have 24 hour monitoring.  He has an AFIB condition that is somewhat controlled by heart meds, but he cannot have blood thinners due to hematoma on the brain from his fall last year.  So he is at risk for stroke or heart attack.  We monitor his pulse rate and blood pressure regularly and adjust his meds as needed, under his physician’s direction.

We love him, but he is a tough and independent old soul.  One granddaughter planned for six months to take him to Las Vegas and he was looking forward to the trip.  He loves to gamble.  So just as the virus was breaking in the US, they went to ‘Vegas the first week of March, before everything shut down.  Granddaughter took good care of him and he had a lot of fun.  They returned unscathed and healthy, thankfully.  Now just a few weeks later that would not be possible.  Both airlines and ‘Vegas are shut down now.

Thanks for the comeback. I agree on all that. Yes I also noticed as I was collecting them after a while you learn to spot them real easy. A bolder strike and thicker rim, different color etc. I have ammo cans full, $10 face value in zip lock bags. I think about $600 face value, maybe 400 lbs. 🙂 Crazy me. I have enough and stopped.

One time at a garage sale a lady had a big old glass 5 gallon drinking water bottle, with pennies about 2 inches deep.  She wanted $25. I had $17 in my pocket and she took it. I counted it all $53 in pennies. 🙂 And a free vintage jug in a wooden crate. Naturally  I separated the copper. They were more abundant back then, maybe 1 copper out of 3-4 zinc.

I used to take then out of the “have a penny take a penny” cups at cash registers. I don’t see them lately and use credit card mostly. I hate change in my pocket. Lets say I buy a bottle of wine with cash and its $12.18. I ask the cashier, can you absorb the 18 cents? $12 even? (I don’t was .82 cents) Normally they say ok. If they don’t? I take out the credit card to avoid the change in my pocket. 🙂 And the store has to pay the credit card company maybe 50 cents?

Did you have the same handle on Vronsky’s place? What a shame that site died. He had culled a really good group of people, a few of which are here.

 

Notice as far only the blue states are pulling martial law on his citizens.
Only medicine food those who still work.

The hospitals running out of gowns can gather up patient long sleeve gowns and wash them separately 24/7 and or get big plastic bags.
If masks continue to be a issue they might have to resort to reusable too than risking no protection.

Part:

Inside a shed next to his house, Henry has orange tubs filled with 200,000 pennies, and he spends hours sorting through roll after roll of the coins. But it’s not just any and all pennies, Henry is only interested in those that are dated from 1982 and earlier because those are the coins made with 95 percent copper. A copper penny is worth more than other pennies.

It’s illegal to melt pennies an there is an obscure federal law that makes it illegal to transport more than $5 in pennies out of the country.

Penny hoarders know this of course, but they also know something else. In what could be the biggest legislation to hit the U.S. Mint in 50 years, officials are now looking at the composition of pennies and nickels and considering an overhaul.

If the laws change and the mint decides to abolish the penny, people would be free to melt them down for the copper.

https://abcnews.go.com/Business/laws-change-penny-hoarders-cash-thousands-dollars/story?id=15076522

I remember way back on vronsky’s forum you talked about saving the real copper pennies (‘cents’, actually) and what the ratios were being found.  The real copper slowly disappears from circulation as the crappy zinc cents take over.  I started collecting copper cents back then and have several large jars of them now.  I still check my change and I can spot a real copper by the color and depth of the strike.  The new bimetal zinc stuff is an electrolytic battery that dissolves when wet, so the new cents look blotchy and rot fast.  The strike design is much flatter also, and the image of Lincoln looks like a flat etching, not a strike with any depth.

Anyway, I can spot ’em fast in a handful.  Now finding one in every 20-30 of the new crap, or there about.  I thought about melting ’em… but you’re not supposed to.  But if I ever put together a forge and needed some material, well…

Nice to know there are bags of ’em trading.  Maybe someday I’ll be “Rich Uncle Pennybags”.

But these slimeballs in RE also would tell you to stay put and don’t panic and this could be the frog in a boiling pot of water analogy too. Hold still little froggies. He also conveniently avoids talking about Gold and Silver, those relics. You can’t live in a coin people, oh BS.

https://zoom.us/rec/share/9fJbKLHL8j9LXNLv4lHPRPYeB72ieaa81SQcrKUMz4QG2_OQc1eIycTC1JzVI7M

Credit Bubble Bulletin

https://www.gold-eagle.com/article/gdx-morning-star-offers-hope

You just have to wrinkle them up a little to soften them up. They are washable too, and then you can redeposit them or just throw them out. A US Dollar is equal to 4 slices of bread. So not a big cost.  A Silver backed US Dollar used to but ten loaves of bread. A silver Dime for a loaf of bread.

A decent loaf of bread today is $4.00 so realistically your old 1964 and before silver dimes are worth $4 each or 40 times face value. But the fake silver prices of today those dimes have a $1 melt value, or 10 times face value. Lately I hear there is a big premium cost over the fake price of $12.63 Friday.

Now for the fake Copper price. On Friday the price was $2.15 a pound. How ever if you search cost of 1 oz Copper rounds they are selling $1/oz or $16/lb for the true cost of Copper.

Now, if you have 140 pennies or $1.40 worth of pre 1982 copper pennies you will own 1 lb of 95% pure Copper worth $16, and only cost you $1.40. We’re not allowed to melt them down though. I have seen copper penny bags selling 5 times face, a nickel each.

“Since 1977, the Federal Reserve has operated under a mandate from Congress to “promote effectively the goals of maximum employment, stable prices, and moderate long term interest rates” — what is now commonly referred to as the Fed’s “dual mandate.”

Comment: The “maximum employment” part? They left out the inflation adjusted pay scale. Who needs “maximum employment” with inadequate pay? And the “stable prices, and moderate long term interest rates”?? We all know that didn’t happen either, and nobody, not even Trump talking about these things.

 

 

Hospital staff know all to well this kinda stress especially when they get overwhelmed. Stress can kill.
Dehydration can do that and that also raises the heart rate so stay hydrated.
If it stresses people with all the fear mongering non stop Trump recently lashed out on a moron journalist for, turn it off. Exercise, it releases endorphins. Hard to feel depressed after you exercise. Normally anyways. Eat healthy as you can. Get enough rest, your mind needs it as much as your body.
Most important right now is family’s don’t stress so much they start to fall apart. To put on their survival hats and figure out their priorities. Not a time to buy steak on a hamburger budget. What they have to do to get through this.
Those with more can look out for those with less.