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

Will probably be gone tomorrow going down the line on how the Democrats and some of the RINOS are compromising our country and throwing our money out the window while mothers can’t find formula.
Now there going after West Point with their anti white woke generals. Eventually they’ll make a lot of people money when they start suing them. It’s all a tactic to steal the individuals identity in mass and make them their surf.

https://youtu.be/orY2mRscs6c

Well that was the past. Abundance brings competition and prices down. Remember VCRs were pricy until they went to DVDs

Now will the young ever have those experiences or freedoms for that matter?
Will they be able to “afford” find their passion in life be walking away and putting money last or needing it first. Or will they just take the path of least resistance, follow the money, crowd and fads and go along with up is down, down is up even when you know it isn’t. Like someone said to me today it’s not theft until it’s over 100 dollars lol
People can choose their own path but there was a time when we could laugh at things ie what we all remember here a Irish in a Tutu and not have to take everything so seriously. From keeping up with the Jones to keeping up with the latest pronouns and feeding into “ reaffirming “ other people depressions, delusions, ego or power trips.
Freedom or equality. Without freedom there is no equality. M Friedman

Can’t argue with that!

Back in the day when Americans were well off they could afford $300 (same as $6000 today) plane tickets. We had a massive middle middle class with one worker families. Middle class today is at least $200,000, $3,850/week, is what you can afford for a months rent or mortgage.

Maybe the happy good times and prosperity ’45 to ’75 after WW II were an accident.  But that era is my datum line. Base or reference point. A brand new 1950 Chevy was $1,000. The decent quality 1960s cars were in the $3,000s. Times 20? $60,000 is about right.

And those old 1950s cars were high quality body on frame construction, and high quality steels, still in service in Cuba, and SOOOO simple to fix. Gee, didn’t westerners get tossed out of Cuba too? LOL.

I think that was the story we were told decades ago. So that means the USA off shored some of our wheat production? And all the other shortages created in Ukraine that they’ve been blabbing about? Used to be made here?

To me that means there was an agenda long ago for global businesses to invest in, develop and wealthy up Ukraine.  (like they did with China) That would explain all the foreign born people fleeing the Russian sandbox. And explain the bombing of buildings that the Russians didn’t build.

Just like Afghanistan. A bunch of “illegal aliens” from Europe and USA etc barging in for profits, and the natives there chased them out. Now the outsiders are getting chased out of Ukraine. Who are the next outsider investors or global citizens to get evicted next??  Westerners bedded down in S. Korea? Taiwan?

South Vietnam was another place that tossed out a bunch of outsiders. One by one, the “globe trotters” are getting discriminated against by the natives. We have already seen some PM miners having trouble in other peoples sand boxes. The world is changing, and the status quo idiots should just face reality.

What was, isn’t what is, anymore. A reversal of open borders globally? Eventually a reversal of a monopoly money system back to a commodity based currency.

On the positive side, some will shut down production, and create a shortage of gold, like the lack of refining capacity causing shortages and higher gasoline prices. Who knows, the whole system is in flux, all kinds of strange things can happen.

The oil company’s took on the cancel culture wanna be bully’s and made them yell uncle so it was Putin’s fault again. The only good thing about these prices hurting so many people is watching them get slammed by their own base. They didn’t build anything and it isn’t better.
He mentioned something about making better battery’s for solar back up when there’s no sun. How long does a battery last, one day?

I’m sure the cost of diesel is affecting the miners profits these days (open pit miners more so than underground) but the miners profits with some exceptions have been mediocre for numerous quarters. JMO

I guess Covid caused some shortfalls …

the miners consume alot of energy. No doubt if they have profits, they are eroding. The only solution is much higher metals prices.

Coincidence I just warned someone “ a young professional doctor “ who’s taking a American air to Texas next month. Gives her time to pre plan if she gets stuck at a airport.
I’m sure the government supports air travel and not just for the citizens if they even think about them but for the millions of government workers who also get discounts. Not only that we pay fir TSA.
Even more so Amtrak.
Still housing in Ny doesn’t set the travel costs can vary depending on gas prices, how soon you book and what time of the year you travel. Also there are generally no less than 100 people and usually more depending on where your going and that’s not to mention business or first class so double they for each seat.
Even if it had say 102 and 10 first class “ double the price not worth it for domestic flights so times two 20 thats 122 they don’t need
times your 6000 732,000 to take these people from LA to NY. Even if gas costs them 20k that’s a bit greedy don’t you think? You can take a zero off that and they’ll still be doing good if you multiply all their flights.
Those that did get another flight out because they had to be somewhere had to pay double the price, one because it was short notice and they should of been happy they booked and not charged more two because the gas prices were probably double from what they were when they booked the flight and getting closer to summer. Prices going up by the month.
Another person told me due to connections could of flew to Southern California RT for 6 dollars but even with gas prices she didn’t want to deal with the airport and they drove. She was glad she did they had a lot of fun.
Back in 2021 my cost to fly to Miami Florida was 200 dollars Rt. Year before one in Aug one in September to Orlando to take a daughter to Disney and Universal. I went I can’t remember what it was in 2006 same place Miami and boy was it foggy from a tropical storm heading to Aruba. That was in June if I remember.
With gas prices what they are now I’m sure prices are up.

Maybe the high cost of diesel and other business costs are doing something. But my guess is they are being dragged down in sympathy with the general Dow SnP stuff. You know, they all go up or they all go down. By the way, They are in a classic long term Rhino Horn Formation, I’ll post the chart.

Back in 2001 the Dot com busted March ’01 and dragged everything down, but we went opposite up, we bottomed in ’01 they were topping in ’01 and its similar these days. They went down hard for three years as we were climbing nice the following three years and maybe gave confidence to the others? In other words maybe we led the regular market up.

SnP Rhino Horn Formation: untitled (mrci.com) Note the March ’00 crash and the ’07 crash. Note the roll over 2014 2015 on a stale old bull market. And the Trump Rally in 2016 4 more good years, way way over priced. You can even see the Covid bust.

You could refer the chart to runaway inflation like what was happening with AU and AG in the 1970s that they had to fight. In a sense the Fed might be looking at the SnP like they looked at Silve going $1 to $50 in the ’70s.

The Bozos had to get rates up to 21% before it finally worked by 1980. After that a 20 year deflation in commodities into March 2000. Gold $250, Silver $4, Copper .46 cents etc USD at 120. Thats when I stopped working. I Knew they had to drop the high dollar.

Look at Dow same thing untitled (mrci.com) hit 36,000. Adjusted for constant value dollars, it should be around 20,000 today. It still way too high.

Look at Gold in the $200 area, untitled (mrci.com) times 20 is $4,000/oz. on lows. Look at the rally to $600 area, thats like $12,000 in todays funny money.

Look at the Dollar after 9/11/01 untitled (mrci.com) Three descending peaks and descending lows. Also lets keep in mind they made Gold a tier one asset last June?

Bottom Line: With this mess they created, literally anything crazy can happen.

I sure hope the miners start making better profits. A lot of them aren’t making zip even at $1800 plus.

Remember over at Vronsky’s site we all thought we’d be rich at $500 gold! Come to think of it the miners were doing better back then too.

https://twitter.com/i/status/1539581635154350081

Biden’s violin playing sucks!

Looking forward to a blue bloodbath in the midterms!

You can give us the real skinny.

Safe travels!

What you are saying, is Airlines are NOT supported by gov’t policies to create jobs. And NY to LA at $184 is normal. Or NY to Fla for $80 is normal and a cab 20 miles to the airport for $80 is normal.

Truckers are getting KILLED with diesel fuel prices. Jet fuel costs even MORE. The airlines are not complaining about fuel. Think about that. Airplane rides were expensive and a thing you did on rare occasions years ago. There were zero frequent flyers. They were not used like a bus ride to spread covid and share US dollars all over the planet.

Lets just get some popcorn and watch the new show, fantasy abnormal economics. I gotto go too.

Bloomberg has always been an establishment puppet….when it wasn’t Bloombergs harem, so they say….

I don’t know where you come up with your numbers lol I can see it now if they raised prices like that. In the end the people have a say in the prices. Airlines lower the prices get more flyers. If they raised it to 6000 and like comparing apples to oranges with housing in over populated areas getting worse with open borders vs transportation no one would fly.
I have to check out of here soon, somewhere to go.

Oh yes they still vaccinate for polio starting first few weeks of life but by injection here and virus not live.

That’s what caused the outbreak was the polio vaccine. There saying it was a traveler who from the Mid East.
Someone who took the oral live virus and now mutated acting like a wild virus.
Viral shedding and why it’s not safe for anyone who’s not vaccinated to be even around them especially if they are immune compromised. Something for travelers not vaccinated to think about.
Better sanitation , water filtration. Plumbing and waste management helped eliminate a lot of things in industrial countries anyways.
Anyways it was caused by vaccine shedding from a foreign National they said.

Did you see Biden blame Putin for gas prices. That’s why I posted that data showing prices a years plus before Biden and the war in when Ukraine broke their treaty. Prices going up by the month in 2021 and the war didn’t start till Feb 2022.
So Bidens playing the violin, would you rather have lower gas prices or help Ukraine. Are we sending gas to Ukraine?

why gold is not an inflation hedge…I just saw a Bloomberg headline that said Canadian gold stocks have been dropping because of inflation…

I was referring to sectors or industries where the Gov’t has ways of holding down prices, like they’ve done with so many commodities. Or rigging the system to enable cheaper imports etc. I often posted charts of Copper going back to the 1970s $1/lb with no increase in prices until after 9/11. Then it zigged zagged up to $4/lb for example. Where you can see the gov’t losing the ability to get away with that.

As for older people when we were kids in the 1970s, we were doing very good with inflation, it was easy to get raises, every three months for me where I worked. We were making everything here and the boss had to just make less profit. We other young couples with good incomes moved into apartments, and priced out the older folks. Probably on fixed incomes. So sure older people may have been eating cat food?

Re your: “Airlines were definitely cheaper. I remember as a student I could fly for 50 dollars round trip. ”

We bought two tickets NY to LAX $500 in 1979. It was like 3 moths rent. My 1 bedroom apartment rent was $135/mo with utilities. A 1 bd apartment today is like $2000 X 3 the tickets were like todays $6000. The apartment was below market, and tickets prices were normal and affordable for the times.

These days the tickets have been held back. Hell the 9/11 day those planes only had 40 on board, loads of empty seats. How can airlines afford that without gov’t help. 40,000 planes in the sky at one time?? Even today, too cheap, zillions of people are or can afford to be frequent flyers, so much so not enough pilots lately. Why can’t prices be what they are supposed to be? Supply and demand setting the prices. Thats capitalism.

Not today. The artificial PRICE sets the demand an supply. Look, they screwed everything up, it all crashed in 2008, and ever since the system is trying right itself, as the central planners keep trying to fight the symptoms of change and reversal. The Game is ending, and they are resisting that end or reversal. The fake unit of account keeps changing. The chart below shows the boom and bust prices net flat until 2004, clearly see they can’t get away with it anymore. Most other charts look the same.

untitled (mrci.com)

Tks

Gonna be in France…first time in 3 yrs, as now allowed to travel….at long last..though still need a negative Covid test……be interesting to hear what they have to say, as the place looks like it is slowly falling apart…from here..

death by a thousand cuts. Whatever gains we made yesterday are erased, at least in my accounts.

USD fighting all the way back. Still, this is a really shitty day.

ESG has officially collapsed its 1st economy.

Sri Lanka hastily pivoted away from essential fertilizer in the name of ESG and watched its crop yields plummet.

Now the country can’t pay for imports and the PM is declaring a complete collapse.

Virtue signaling is dangerous. pic.twitter.com/TOxEZMU3w7

— Marty Bent (@MartyBent) June 22, 2022

Have some fun!

We’ll have the market higher for you when you get back.

KOW