Loading ...That tells me they are prepared to ‘compensate’ shareholder value at the bottom ( if that ) , and foresee a brighter future for the resources than for their CB currencies . The same in Canada could turn Turdeau into a hero instead of a lump of ‘merde’ if played right , but at the cost of Bay Street (Toronto’s Wall Street) support .
RNO
Buffet isn’t stupid and knows how to be patient and many times getting in at the lows. He probably knew this whole attack on energy thing was irresponsible and doomed to fail. If it wasn’t for this war in Ukraine they started and Russia pulling the plug on them and yeah the prices are up but it would probably be worse. They’d still be trying to shut down even more energy resources with a let them eat cake attitude as long as it didn’t affect their town and even manipulate the markets with green data on who’s producing the most emissions. Looks like Buffet has been accumulating coal and other energy resources for quite a few years.
Blaming Putin for energy crisis, they got it partially right, but in the futures market when he took their way out away from them. Now there going to the Saudis.
M Copper 13:23
This may not be absolute but makes a point as far as whether it’s IQ or more likely sanctions. There’s no bad followers, just bad leaders.”
@ ipso facto re Cuba
I myself don’t think its as bad there as our fake news media tells us. Because one time I was researching about all the vintage American cars they have down there. Saw some videos. They looked like fun loving people, taking pride in their old cars. The streets and traffic looked clean and orderly; people well dressed etc. It didn’t look like Detroit.
And I saw little factory units with those people with amazing ingenuity fabricating metal parts and keeping those cars going. And no “check engine” lights LOL. Lets face it, there are poor people in every country. It may be a lack of brains or sanctions? Geez, if Trump regained our independence, the UN would put sanctions on the USA too.
The people that screwed Trump all those years, and rig election, also rig the news. So I don’t believe anything they say or imply. In fact I reverse everything they say. They will never praise Cuba or say anything good about the place because the won independence. And the bad guys don’t like pockets of independence.
Coal
Check out who bought all the coal mines after Biden destroyed their market. None other than Warren Buffet. Pennies on the dollar.
silverngold @ 22:57
Trudeau has lots of bad genes! Commie genes! 
Mr.Copper @ 21:19
I guess they’re happy if they love poverty. Living standards very low there … although to be fair there were a lot of poor people there before the revolution. You don’t see any people fleeing the US to go there, only the reverse.
ipso facto @ 20:15 IMO it Worked out good for Fidel Castro FWIW!
Somewhere along there and then IMO he helped to create Canada’s current dictator Prime Minister. Not so good for Canada though! All IMO but WTHDIK?
@ ipso facto, Cuba? I Don’t Know.
I guess the people that stayed there are happy. They threw the outsiders of their sand box and been getting flack ever since. Not so much lately, kind of quiet. Vietnam, Afghanistan, same thing, “hey you, get out of our sand box.” I heard there is enormous natural resources wealth in those Afghan mountains. The worlders would LOVE to do some metals harvesting over there. Maybe some are?
Outsiders are like the Spaniards that harvested all the gold from the Inca or Astec Indians. I heard they brought so much Gold back home it caused inflation for a while.
The Arabs must be smart, didn’t they create the alphabet? I don’t think there are too many outsiders harvesting from the USA. But I think South Africa bought our Stillwater Mining PGMs mine. But then again they all harvest US consumer dollars, hard currency. Dollars go very far in other nations.
Mr.Copper
Reminds me of Cuba. How’d that work out?
@ ipso facto, We Are Watching Deglobalization In Slow Motion
I just call it all a major reversal of trends that evolved over the past 100 years. I think a lot of countries are having financial problems, causing mass immigration to better countries, or taking back their natural resources, not sharing. A matter of self survival. Trump wanted to take back our country too. No more sharing, stop the USA from being a chump. Look at Rusia, taking back land too. I heard in Alaska they produce and sell oil, and each citizen get a payment.
For real?
Chile Constitutional convention votes to nationalise mining
Chile’s Environmental Commission of the Constitutional Convention has approved a rule for inclusion in the new constitution to nationalise the exploitation and exploration companies of strategic assets, which includes lithium, copper and precious metals assets. The norm would result in, “passing to the national domain all the assets of said companies and their subsidiaries related to their activity in national territory. … The exploration and exploitation mining concessions constituted in favour of these companies will cease immediately once the nationalisation takes effect,” the document reads.
Maddog
If that guy Andy is right we could have a real shit show on the horizon.
I’m guessing watch your alternatives as well as gas companies being shipped to you and coal plants this mid summer like August to October before winter and rationing hits as far as investing.
If electric is stable you can use small heating fans in every room and get them early saving energy in rooms your not using. I think I’d buy some extra to donate to family’s with children and infants if needed cuz there pretty cheap in summer.
With all the fires here last year and before every summer air purifiers sold out or the costs went way up. Same with air conditioners.
https://theconservativeview.com/germany-faces-struggles-with-russian-gas-cuts/
Seems to be a common theme of this administration.
Lacking common sense. What constitutes the word” social “ vs people and common values and interest.
Can you see either here? People make social ,social is not special interest and avoidance of qualifications at the expense of society and national security.
Today, Sam Brinton works as a top official within the Nuclear Energy office of the Department of Energy. Despite landing a high-level role in the federal government, Brinton’s stirred up a fair amount of controversy.
Many Americans take issue with Brinton’s previous defense in 2015 of the website Rentboy. As the name alludes to, this website centered around the prostitution of minors, thereby causing it to be closed down altogether.
Additional behaviors from Brinton that many people view as red flags include his college campus speeches about graphically suggestive proclivities and various comments about roleplay.
A salary of this magnitude overshadows what many other federal government workers bring in. $178,000 per year is also many times higher than what the average American makes after working 40 hours per week.
The Mystery Surrounding Brinton’s Hiring
Brinton was hired to work for the Energy Department back in January 2022. Although the details surrounding his hiring have raised questions.
For instance, one whistleblower connected to the Energy Department alleged that “irregularities” were permitted throughout the process of hiring and onboarding Brinton.
In a letter, this whistleblower also appeared to imply that Brinton lacked genuine qualifications to work for the Energy Department and was merely hired to fulfill a political and social quota.
Brinton’s hiring not only gave him a top-level salary, but also provided him with elite, Q-level clearance that grants access to sensitive data.
https://informingamerica.com/biden-energy-aides-salary-is-making-headlines/
SNg 19:58
We know the jabs are poison. I believe that the snakes on medicine from memory back as a teen in nursing that it meant turning poison into medicine. Now we got incompetent and corrupt greed turning medicine into poison.
But we can’t throw everything in the same category which would equate previous time of something happened to someone but gather the immediate information first.
Like Mrs Trump found at the bottom of the stairs. Your check for injuries before you move them.
She didn’t die from the jab she died from injuries from falling down the stairs.
My question is especially since she had money to find the bests doctors why didn’t they find I’m guessing the hip problem which is common as well as other joint problems and address it before she fell. Also advice on measures and equipment like electric chairs to prevent falling down the stairs she could afford.
I worried about that getting home from the air trip from hell as I could barley walk so resolved to if I fell over just drop down and don’t stiffen your legs to try to catch yourself as the fall will be worse. Luckily I recovered and could walk again. A nurse friend picked me up for lunch thought was a miracle lol asked how I did it but not that normal lol. Still could be a risk of not paying attentions.
She needed rapid attention because she with hip issues in her case was was also a define fall risk. Her death was preventable.
Since my friend could speak Japanese she told me what happened to Abe she first thought was the media.
It was a nut case. She said ito shorten it was a church sucking money out of peoples to the point of their last dime. It ruined the suspects mother put her in poverty. Long story but he though Abe was involved with this church but he had nothing to do with it.
M Copper
This isn’t just about trade. Trade in a perfect world would be better assuming other country’s were honest but that’s not what going on in China. If other country’s don’t have money selling their goods they can’t buy ours. But we have a backward system of bribed and compromised bureaucrats who do the opposite or don’t represent us.
High tariffs hurt our exports, high dollar hurts our exports, at home bureaucrats with regulations that interfere with productivity and growth, and tax’s “ think clowns like “ AOC” driving jobs away or the other scarecrows of business.
We could be producing chips right. Now if not foe Pelosi and the left.
It’s not just about trade that China did weaponize with not just honest competition but spys still going on and no protection from current administration even to our children, theft , sending drugs to Mexico like Fentanyl and a agenda, and is now world wide. They also make our medicine now.
With things are here aforementioned what’s to stop business from going elsewhere like Mexico and Germany instead of these greedy clowns here who as you see DONT care about “ people” or jobs. Even the border before weren’t bad when people actually came to work and help the economy. But that was before it turned into a welfare state coming for the wrong reasons your supposed to pay for and special interest by weak or misquoted politicians allowed to happen to compete against Americans.
It may do absolutely nothing for us as it could go elsewhere because of the mess we have in politics.
It’s besides the point. It’s about war not trade. You hear people say instead of a nuclear war what else could they do first? Cut off communication? Hack the system in some way which then would be retaliation.
Or create their own currency exchange, cut off supply’s, transportation, cause inflation drive the interest rates and dollar up to try to bring it back down with high debt and then destroy the dollar with a default.
@ Goldilocks re part “ He believes China is weaponizing Covid as a excuse to slow supply’s causing inflation. ”
If the entire supply chain from China was cut off tomorrow it would put the USA back on the old road as the most prosperous nation on the planet.
The resulting higher prices would cause millions of factory start ups here that can do it cheaper. A hundred million jobs easy. Buying imported products was rat poison for the USA. The proof of that is all obvious these days.
Did you listen to the Biden speech in Arabia? My impression after seeing our oil shut down creates wealth opportunity for Arabia, then they buy defense weapons from us.
Sounds good at first, but people buying gasoline are subsidizing or welfare for the USA defense industry jobs in a roundabout way. The whole global and domestic system is full of welfare.
You got to listen to this video
I ran across this guy, haven’t seen him before but I’m glad I decided to stop
and watch it. He’s a GB I’m guessing and comparing the scenario to the 70s and making some sense.
He brought up a scenario that very well could happen and I wasn’t aware that oil was running with the 10 yr treasury.
He believes China is weaponizing Covid as a excuse to slow supply’s causing inflation. Also as the imposter and chief uses up and sells our oil “ reserves” to China aiding them while their working against us “ I threw that part in” Russia could cut off oil while China the supply’s at the same time causing mass inflation.
It goes on…
COT Report
still in the right direction but all the price action happened Wed., Thurs. so who knows what happened on those days. The funds continue rake in the bucks.
Maddog 13:39
I know it’s very strange.
The S&P spy broke through technical resistance 3800 for shorter term position plays and the market all acting like it’s having a recovery but it’s not out of the woods yet.
I mentioned coal too earlier. Im surprised you missed that one when Europe is having to fire up their coal plants right now. lol
They want zero carbon but this cut in gas is showing they were doing nothing about it except moving money around but yet demanding other country’s do that resulted in a catastrophic decline in their economy and farming with green fertilizer that didn’t work that was totally unnecessary. They don’t know know how it works and what their doing.
A ex Fed came out here saying the current Fed was talking about social justice and climate change instead of paying attention to the scope of their duty’s. Where did they get their degrees. .. but then that whole administration is a disaster. There getting a taste of their own social justice. What ever there supposed to do there doing the opposite.
Ipso
Yep I agree.
goldielocks
Manchin is more of a Republican than many actual Republicans!