Loading ...That Yellen said “we need to take emergency measures by January 13th in order to make the debt payments.”
I haven’t seen this on ZH yet, but it looks like they’ll throw everything but the kitchen sink at Trump before he takes over.
treefrog @ 9:48
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.
Dumber than a bag of hammers … chuckle.
Wow! Like Eskimos running out of snow! Have some more of that communism.
Cuban Communists Fumble Economy So Badly That They Now Import Sugar… At $25 Per Pound
Newspaper from 1921 Tesla
Feee energy from the ether
See the article here top middle
https://chroniclingamerica.loc.gov/lccn/sn84020558/1921-08-28/ed-1/seq-22/
If you’re not up to speed on what is planned for your immediate future, and why I have gone to hard assets and physical Silver and gold, this 15 minute video will go a long way towards bringing you up to speed.
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.
FYI Something I Noticed, At 3:00 pm GLD Took a Dip,
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.
ferrett
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’ !!!!!!
Buygold
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.
Goldie
Sounds like a good strategy, can’t go wrong there.
NEM popped green
SSRM too. That’s odd.
They aren’t kidding around with tech, it’s a wholesale dump fest.
For once we’re not even outperforming to the downside. Wow.
Buygold
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.
Everything down today
SM, even tech is weak. They have a habit of bring it back though, so we’ll see.
Even the dollar is down a little, but that won’t help us if they decide to sell everything.
Morning Deer79
“I truly believe that evil ( perhaps the Devil himself) is using Soros, Schwab, AOC, Pelosi and others to do his bidding….”
I think that’s a true statement. I think some of them know it and some don’t, but are being used nonetheless. Look at the P. Diddy mess, Epstein, 350K children missing from the border, the woman being burned to death on the subway. Seems pretty clear that evil has a foothold in this dimension.
Eph 6:12
“For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.”
The GOP better not mess up the certification
Especially with that disaster Harris involved in the House.
But even if a speaker is not elected in time for Jan. 6, multiple congressional and legal scholars told CQ Roll Call that the clerk – if both parties agree — could potentially swear in all House members because the Constitution grants the chamber exclusive authority to organize itself.
While there is no precedent in U.S. history to guide House members through such a scenario, they likely have the authority to, as Smith put it, “make up a precedent.”
https://rollcall.com/2024/12/24/protracted-gop-speaker-fight-could-complicate-electoral-college-count/
JUST IN – China has launched the world’s largest amphibious assault ship, in the latest demonstration of how Beijing’s industrial capacity is strengthening its military power — FT
Gee I wonder what place they’d like to assault?
Their ship, it looks like they built it and found out they didn’t have enough room so they built a big shed on the flight deck! D’oh!