Loading ...
goldielocks @ 16:45 on September 21, 2020
Susan Collins needs an ass kicken or get booted ,she has no principles and checks to see which way the wind is blowing on any vote.Trump needs to tell her if you dont support me ,I wont support you ,in fact Ill run a Trump candidate to split your vote and get rid of you..your more trouble than your worth .So its going to be either way you lose if you cause me to lose a Supreme Court nominee because thats more important than you are…
Gold miners insist they won’t splurge despite price surge
(Reuters) – The world’s top gold miners sought to reassure investors on Monday that they’re not going on a spending spree despite surging gold prices boosting their shares and free cash flow.
This about sums it up from a complat
This time with Mc Cain gone they’re betting on Collins to continue the game. She seems to be a bit nervous about it too.
Mr Copper
Yeah I know and in the beginning it was meant well but fell into crooked hands at the cash register and crooked politicians that wouldn’t draw the line as it never ends and the money starts running out. Just like this defund the police and taking millions off the table giving it to something else they couldn’t fund. It was a way to get the focus off them and out of paying their obligations while pretending to go along. Steal from Peter to pay Paul.
I agree with your product theory once but now everything is made out of the country even if it’s a American name. If it it made here fine and that’s what Trump is working on snd trying to do fairly.
What they do is have two names many times.
One in China for instance in a Chinese name and one here in a American name. That way to America at tax time they can claim their a foreign maker and to China they’re a American maker. That must have its own name it’s not capitalism less gone rogue and not socialism either.
@Goldilocks, I thank you for the comeback.
Re your “it would drive cost up to consumers across the board to everything” The opposite of driving costs down with imports after 1970. No pain no gain to reverse and break that bad cheaper import habit.
Re your…”the young wanting socialism will make things worse” Goldilocks, I like that you are a thinker, and wish you lived near by, but socialism came here a long time ago. And we are WATCHING the slow motion failure of global socialism before our very eyes. That’s why we have all the problems you described. Socialism failing. There is no capitalism here anymore.
Hopefully the system will totally crash, and that may be unfolding, and after that a return to capitalism will be the ONLY option. All of us that bought imported products gleefully contributed to global socialism.
northern dynasty…
…an island of green in a sea of red. 🙂
Dow down a million! ……………………………….. Just joking it’s only down 769
It’s grabbed onto the PMs on the way down.
deer79 @ 12:41
I wouldn’t put it past them. For sure it’s in their bag of dirty tricks. They’ll do anything to get elected!
Mr Copper
We shouldn’t have to create inflation in the dollar to keep jobs by lowering the value of the dollar to equal the yuan. It would be counter productive anyway because it would drive cost up to consumers across the board to everything. People are already struggling now.
In fact I believe it’s behind people especially young wanting socialism because they think it’s going to help costs.
The older know it won’t and will make things worse along with destroying any chance of getting ahead and changing things for the better along losing sovereignty and open borders.
However we’re heading that way anyways which has something similar in common, the rich get richer the poor get poorer while the middle class get pushed on the poor side eliminating most of them to just the rich and the poor.
When wages improved with Trump both by lowering tax of payroll and raises in many jobs everything went up with it taking it right back by greedy I don’t have a equal description sobs.
Housing cost rising by the month.
One told me on a few years her rent went from 700 to 1200.
Another told me in just a few years a town house apt she rented before for 1200 went to over 2000. My daughter in law told me that there places in the better part of Oakland that are 4000 a month. Meanwhile a Asian friend told me that her daughter who moved from that better part of Oakland leaving the Bay Area was robbed by gun point by a black male while going to her car to work as a computer person. My friend said it changed her mind about BLM and were coming from the bad part of town to rob people. I’m just glad she wasn’t injured. I worked in a town near a bad part of town and almost got hijacked in a hospital parking lot by a BLM lol I wasn’t gonna take him anywhere and only defense was some keys between my fingers and me. Luckily he was being chased and took off just when I knew we were gonna fight cuz I found out that he had a gun and just robbed a store.
Creating poverty creates even more crime even though there’s crazies and losers who do it anyways.
Yes it’s a demo state eliminating the middle class but heard other states things are going up too. Maybe because of all the people from demo states moving out.
I know a nurse divorced who was living with her mother who just died who lived in a 500,000 house with a house she lived in the back. Besides losing her mother yesterday she will have to move and apparently fast because her mother could no longer live on her income and had to get a reverse mortgage where the payment had already stopped.
People used to inherit in the US and was basically planned from one generation to the next but that is going too. The place she is accustomed to living is no longer affordable.
Inflation should just make all this worse.
As far as houses I don’t know why anyone would be happy. One it might be harder to sell, two taxes go up and unless they leave the state if they sold the next place will be expensive too.
Trump has been working his bottom off getting jobs back and well as medical and medicine cost down while the left is priming riots and trying to impeach. He stayed a bunch of jobs at a energy plant recently that were being forced to train their replacements. Surprisingly except those mostly coming from India replacements were coming from Canada, and Europe. They asked for Trumps help and got it. Would Hilary or Biden or should I say Kamila do that? Even if they weren’t corrupt they wouldn’t have the brain power.
Now just heard he’s bringing back jobs to Puerto Rico in drug manufacturing bringing it back home after corruption taxation drove them out.
A big part of the problem now is the cost of living. Yet the states that make it worse they still vote for them and you can see how it benefits those getting rich off it like corporate housing groups buying property up everywhere driving prices up and democrats outsourcing or insourcing for multi nationals or wanna be multi nationals doing it here.
Even if the dollar was on par with China the tax and regulation system mostly by demos and demand for higher wages because their drowning in debt due to higher cost of living would drive them off.
Plus they would just then look at another country.
Deflation as you know would bring another set of problems. Wasn’t that what was going on when Roosevelt confiscated gold to bring up the dollar during the depression?
An observation
I very well could be wrong with my thinking, but IMHO could the stock “market” be used as a political weapon? I know Trump continually touts the level of the markets as a reflection of the health of our economy. Couldn’t the Never Trumpers also make a concerted effort to pummel the DJIA 40+ days out to use as a political message?
@ipso facto, Right On That, “break up the big banks into a hundred smaller ones.”
We should also break up their Lap Dog Media. LOL. Its all going to happen over time. The global 100 year pendulum swing into left side nonsense has gone way past its limits. Banker Bernie Madoff was the first one to be reversed. One by one, all the nonsense will reverse.
Ya know? Maybe we can make a nice day trade today on something that is way down. TGB? I see EQX is up 2.4%.
Today’s market commentary
Eff!!!
I think I’ll go back to bed.
Mr.Copper
We should break up the big banks into a hundred smaller ones. Make it so no bank is too big to fail, no executive is so powerful that he can avoid prison. I think that would take care of a lot of the problems.
HERE WE GO AGAIN, :) LOL I just Turned On My Schwab Software, What happened?
I’m glad a took some off the table recently, everything I sold is lower. Now I’m wondering. Buy them back today? Or sell the others that are in the money. What are you guys thinking?
Lets face it, we all knew when the TV told everybody gold hit $2050 and some bank said $23-2500 gold soon, then Buffett bought in late and high. Nobody EVER, EVER comes in late and high and gets a small dip.
@ipso facto, re your “The banks sure do think they can do anything they want”
Exactly right. I always thought the Banks were the real actual global socialist gov’t. we refer to as “they”. Whoever controls the money controls everything else in a round about way. Until it backfires. 🙂 They have been redistributing wealth all around the world with managed currency exchange rates. For example before WW II $1 was about equal to ONE Japanese yen.
After the war they (global socialist banks) made $1 equal to 360 Yen. Similar to a 360% discount if we buy Japanese products. If we try to sell to them? They have to pay a 360% tariff. So in reality the so called banks redistributed US money via US consumers, to pay for rebuilding all of Japan and Europe etc.
“They” also have the ability to tax people thru the “invisible tax” of 100 years of inflation, higher living costs. For decades they were purposely under stating the real inflation rate. calling it 2% when there were plenty of 7% years.
Maddog @ 8:51
The banks sure do think they can do anything they want. Legal, illegal it doesn’t really matter. Occasionally they get a hand slapped but that’s about all. Rarely does anyone go to jail. The 2008 debacle was a huge tell. All sorts of illegal acts and the bankers remained untouched.
It’a all pretty sickening.
ipsofacto
Re Banks…the drop is down to that and the increase in the lockdowns……but on the Banks, it is a bit strange as all the banks report pretty much all money movements as suspicious, that way they never get accused of missing one. !!!!
On Lockdowns….Europe is persuading itself we are about tho have the 2nd wave, our crew are forecasting 50,000 cases/week unless we lock down Now !!!
The mad man Ferguson from Imperial is still out and about and still advising the government….God help us.
I guess a lot of today’s drop has to do with the banks getting caught with their hands in the cookie jar
European Banks See Biggest Drop In Months After Massive FinCEN Leak
https://www.zerohedge.com/markets/european-banks-see-biggest-drop-months-after-massive-fincen-leak