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Posted by Captain Hook
@ 11:49 on December 28, 2024
Yup … commies are generally dumber than a bag of hammers.
Cuba was getting free oil from Russia since the 50’s. So, like a good commie they went the easy route where the power grid is still 90% oil. Now that Russia is under attack financially, they can no longer send the free oil. So, they are broken now with no way to diversify even if they wanted. Expect the US to move in not too long now.
They have been getting some from Venezuela, but they too can’t keep it up forever.
And they have been getting some from Mexico too, but Mexico has its own budding problems as Cantarell is nearly dry, and the commies in charge haven’t bothered to replace their reserves even with spending billions on a new national refinery under Obrador. Talk about wasted money as they now/soon will have to import oil to refine. It will take years to find new reserves assuming they can figure out they need to do that.
Posted by silverngold
@ 19:30 on December 27, 2024
It’s again BlackRock and Aladdin with TPTB. This is no time to close your eyes and rely on what worked for you before. It’s time to get prepared for what is coming.
And at the exact same time, pretty much every stock I looked at dropped at the same time. They must be using some kind of electronic machines to price all these things.
Re Diamonds…….50 % of the planet human life form….will still want real Diamonds….or they will just transfer their affection to another stone….anyway just try and getting them back from the other half …as they ‘are worthless’ !!!!!!
Posted by goldielocks
@ 11:53 on December 27, 2024
Yeah considering what he started out with way before we were thought up compared to where he’s at now.
Besides growth stocks he reinvested all those dividends, and the kind of blue chip stocks that continued to pay dividends even in a economic down turn. He said once something about if he sold every time someone talked about a crash is imminent and waited for it to happen he would of missed out on all those gains that would include dividends and wouldn’t be where he was today.
So it’s unusual for him or rumor has it he sold 2/3 rds of his apple stocks in the face of big tech and AI hoopla no less other than it’s all over bought and don’t know what it’s PE or other ratios to take out so much cash on the side and heard him mention something about having cash on the side. Unless the thought the disaster Harris was going to win and coming taxes and ” unrealized gains taxe.” Is not his norm.
I’m more focused on other things right now like Trumps transition so he can get busy day one while the demos are doing as much damage to this country as they can.
But I looked at Warren Buffett because gold bugs are gold bugs. The reason is if your going to look at someone’s track record and portfolio look at a multi decade winner not a looser. There’s doers and talkers that don’t do much of anything but talk and have a thousand excuses for not doing. Buffett’s a doer. Besides buying up things like railroads I’m looking to see where he’s putting his money to see what he expects to happen as he pulled out a lot of cash but still buying other things or adding to things he has. I could be wrong but the stocks are the kind that will do good or survive a recession or even stagflation to a point, better than others that would take a big hit.