• Same story, different day...........year ie more of the same fiat floods the world
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  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

BarnacleBob

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Artificial financial engineering. Awesome as long as this party lasts. Like Scorpio says it is difficult to put the genie back in the bottle. Only one way to go and that is inflation. We have to figure out ways to get out of the bubble when and if at all it is deflated.

How many more months or years for this party? Certainly a blow off top would be one of the warning . The last time it lasted roughly 1 year and 9 months roughly in 1999. Is there any other indicators that one can keep an eye out for?
Signs, signs & signs???

Walmart is abruptly closing 63 Sam's Club stores and laying off thousands of workers

http://www.businessinsider.com/walmart-suddenly-closes-sams-club-stores-2018-1
 

Scorpio

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Remember who is in charge of that outfit, and how she made some statements that were detrimental,
chickens coming home

--------

On a more positive note, Gold and Silver picking up on the dollar weakness and showing some strength again this am.

This happened earlier this week also, but by end of day, the gains were muted or turned into red days.
 

BarnacleBob

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Beijing (AFP) - China on Thursday denied a report that it may slow or cease its purchases of US Treasury bonds, which sent the dollar falling.

Bloomberg News reported Wednesday that officials reviewing China's foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with the matter.

"We think this story could be quoting a mistaken source or it could also be a piece of fake news," the State Administration of Foreign Exchange said in a statement on its website.

Beijing is the biggest holder of US debt and the news was seen by some as a veiled threat to US President Donald Trump following his tough talk on global trade and, in particular, what he sees as China's unfair practices.

https://www.yahoo.com/news/china-denies-...nance.html
 

the_shootist

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Remember who is in charge of that outfit, and how she made some statements that were detrimental,
chickens coming home

--------

On a more positive note, Gold and Silver picking up on the dollar weakness and showing some strength again this am.

This happened earlier this week also, but by end of day, the gains were muted or turned into red days.
Nice little uptick today :2 thumbs up:
 

Scorpio

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FM,

My bad, I had assumed you were further along in your studies than that,

So I will have to spell it out, you believe the propaganda as written. Then you post up some world gold production figures to stand by it.

One major problem is garbage in garbage out. You are assuming those values released to the world are accurate.

That is kinda like believing the unemployment rate released here is accurate.

doesn't matter, you want to believe the nonsense, go ahead,

join sinclair and all the others that continue to trumpet nonsense
 

BarnacleBob

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Scorp, we are edging up to that $17.40 overhead resistance area you noted. Hopefully we violate $17.40 to the up very strong next week, then maybe we see some real action in the PM sectors. Its time to say good bye to this bear.
 

FunnyMoney

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FM,

My bad, I had assumed you were further along in your studies than that,

So I will have to spell it out, you believe the propaganda as written. Then you post up some world gold production figures to stand by it.

One major problem is garbage in garbage out. You are assuming those values released to the world are accurate.

That is kinda like believing the unemployment rate released here is accurate.

doesn't matter, you want to believe the nonsense, go ahead,

join sinclair and all the others that continue to trumpet nonsense

Thanks for the reply Scorpio, ... I'm not locked into any position and am all ears. I want to check more into where the gold's going. Most into jewelry they claim , and most of that to India. Last time I was there, few years back, the culture did reflect the gold history that's portrayed by the media. But you're right, I can go into an upscale mall there and look at the shoppers, but that doesn't get you hard figures. Going to China next year, but again, I wouldn't have a clue as to how to measure country wide gold sales or mining production numbers.

There's a ton of studies, but again, you're right, how do we know what is propaganda and what are actual numbers of real sales. One thing is certain, the improvements and the growth (including growth in the numbers of people in the middle class) has been outstanding in China (and India too). I've seen the changes, but in terms of where the gold is really ending up, we'll need the entire forum to help answer that question, if we even can.
 
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BarnacleBob

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note the dollar threatening to break below 90 on the index

US stock and bond markets closed today

fyi
U.S. Dollar Index - 43 Year Historical Chart

Interactive chart of historical data showing the broad price-adjusted U.S. dollar index published by the Federal Reserve. The index is adjusted for the aggregated home inflation rates of all included currencies. The price adjustment is especially important with our Asian and South American trading partners due to their significant inflation episodes of the 80s and 90s. The current dollar index as of December 2017 is 96.68.

(Note: The long term trend since the 1980 high has been cyclically lower lows and lower highs)


http://www.macrotrends.net/1329/us-dollar-index-historical-chart
 

Scorpio

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Government Motors announces a great 17, a greater 18, and a even greater projected 19

raising earnings guidance,

now for the kicker,

they are taking a 'NON CASH' $7 BILLION adjustment in their docs due to the tax plan. Meaning, that $7B is going to vaporize, and shareholders won't see a penny of it
 

BarnacleBob

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Government Motors announces a great 17, a greater 18, and a even greater projected 19

raising earnings guidance,

now for the kicker,

they are taking a 'NON CASH' $7 BILLION adjustment in their docs due to the tax plan. Meaning, that $7B is going to vaporize, and shareholders won't see a penny of it
"The sharpest pencil is greater than the strongest mind" -- Dotson Harrison
 

Uglytruth

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"Lies - damn lies - and statistics," still there are some easy figures the simplest must understand, and the astutest cannot wriggle out of.’ Lord Courtney
 

Silver Art

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Silver Art

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Looks like the DOW back off the 26,000 level after starting the trading day 280+ points. DOW 26,000 = resistance? Hmmm........................
 

BarnacleBob

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BarnacleBob

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Uglytruth

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Trump pres.
Dow at records.
Dollar falling.
Crypto's seem neutered / manipulated and getting bad press / fake news.
Metals stillllllllllllllllllllllllllllllllllllllllllll stagnant.
Record credit card debt.
Jobs are for working poor.
Tax changes are bringing raises & bonuses.
Message seems clear, put your money in the manipulated by tptb stock market, next stop DOW 30,000 then 40,000 then 50,000.............
NOTE Only the rich have extra money to put in the market. How soon to hyperinflation?
 

TAEZZAR

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From BB's link:
Chief Executive John Flannery has previously raised the idea of selling pieces of the largest U.S. industrial company, but went slightly further on Tuesday, saying GE is “looking aggressively” at a spin-off or other ways to maximize the value of GE’s power, aviation and healthcare units. and war machinery/equipment.

OOOOOOh poor babies, they don't want to pay "their fair share", I guess we need another big war to save their sorry asses.
 

BarnacleBob

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AU & AG are looking very good about now when compared to cryptos !

1 Bitcoin equals
9746.28 US Dollar
 

FunnyMoney

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Trump pres. Dow at records. Dollar falling. Crypto's seem neutered / manipulated and getting bad press / fake news. Metals stilllll stagnant. Record credit card debt. Jobs are for working poor. Tax changes are bringing raises & bonuses. Message seems clear, put your money in the manipulated by tptb stock market, next stop DOW 30,000 then 40,000 then 50,000.... NOTE Only the rich have extra money to put in the market. How soon to hyperinflation?
China, Europe and the USA will walk these babies down. China will own the world, they will decide how fast we walk or how poorly we run. They invented paper money, they understand fully how to control it. The leaders in America have sold out to them. Manufacturing and honesty don't return to the USA. Don't expect MAGA. Hyperinflation will be for the non-reserve status currencies.
 

BarnacleBob

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I disagree with that in toto,

We made them and we can unmake them,

They cease to exist without being able to extract from others,
Damn bears coming outta hybernation.... !!! What time is it? 55 days till next black swan would be my answer. Keeping an eye on HY credit to signal.
 

madhu

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Damn bears coming outta hybernation.... !!! What time is it? 55 days till next black swan would be my answer. Keeping an eye on HY credit to signal.
The mood in the work place is like that in the dirge. The first phase is denial. Hope the cryptos are artificially engineered to the stratosphere at least 20,000 before the denial turns into anger and rage at the work place. BTW the nurses are in glee because the stupid doctors have lost big time in cryptos.
(. Nurses think the damn doctors are the slave drivers).

BTW there are drug shortages under the radar. It's because the 340 b pharmacy program where the drug companies can charge a huge price and then they are allowed to kick back some profits to keep these rural hospitals afloat. Every hospital in America wanted in this program and scam the government.

Finally no money left for nobody. Now you can work and keep your hospital open and the government states that they have overpaid you for the last few years and they will deduct the overpayments to future services. Suffice to say after 2018 elections there will be a steady rumble of hospitals in distress.

A new breed of owners are popping up. They just buy the operations for Pennnys in the buyout or takeover behind closed doors. They don't want to touch the real estate. Too much money retrofitting for earthquakes. These buildings cannot be certified for the present city/ state codes.

https://www.ruralhealthinfo.org/topics/pharmacy-and-prescription-drugs/news
 

BarnacleBob

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Asset Class of Vintage Cars Drops More than during 2008/2009

"According to the Hagerty Market Index, prices of vintage automobiles that sold at private sales and at auctions fell 3% from a month ago, are down 7% for the year, and are down 17% from the all-time high in August 2015. This 17% drop from the peak is worse than the 16% drop from peak-to-bottom during the Financial Crisis."

https://wolfstreet.com/2018/01/16/classic-collectors-cars-drops-more-than-during-financial-crisis/
 

Uglytruth

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Why buy a car that won't be allowed on the road with self driving, self thinking, transportation pods?
 

pitw

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Why buy a car that won't be allowed on the road with self driving, self thinking, transportation pods?
I hope I'm around when some dumb SOB try's to tell me I can't drive my truck. I'd probably be tagged as a terrorist.
 

Scorpio

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quite interesting,

old companies, GM, IBM, AMEX, GE and more all announcing charges, stopping stock buybacks to build capital, etc, all since the tax law change.

we also remember the stories of how GE paid a low amount of corporate tax relative to others consistently.

seems as though there is a very direct undertow to this whole tax law thing as it cycles thru and hits companies books.

I have not done the research to pinpoint it, but it is becoming crystal clear that they were playing the old tax laws one way, and the new changed their accounting massively
 

BarnacleBob

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quite interesting,

old companies, GM, IBM, AMEX, GE and more all announcing charges, stopping stock buybacks to build capital, etc, all since the tax law change.

we also remember the stories of how GE paid a low amount of corporate tax relative to others consistently.

seems as though there is a very direct undertow to this whole tax law thing as it cycles thru and hits companies books.

I have not done the research to pinpoint it, but it is becoming crystal clear that they were playing the old tax laws one way, and the new changed their accounting massively
IFRS: New standards – Are you ready?
19 October 2017

https://home.kpmg.com/xx/en/home/insights/2015/07/new-standards-are-you-ready-ifrs.html

5 Steps To Prepare For The New Revenue Recognition Standards

http://www.digitalistmag.com/financ...or-new-revenue-recognition-standards-05195410

FIFO vs. LIFO accounting

In essence, the primary reason for using LIFO is to defer the payment of income taxes in an inflationary environment, FIFO is used in a deflationary/disinflationary environment.

https://www.accountingtools.com/articles/2017/5/13/fifo-vs-lifo-accounting
 

Area51

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China, Europe and the USA will walk these babies down. China will own the world, they will decide how fast we walk or how poorly we run. They invented paper money, they understand fully how to control it. The leaders in America have sold out to them. Manufacturing and honesty don't return to the USA. Don't expect MAGA. Hyperinflation will be for the non-reserve status currencies.
I don't see China as being the new superpower anytime soon - - if ever.

This is a country where the large majority still don't have electricity or running water. Very limited in terms of innovation. Their greatest strength is having a population that will work for pennies. If the Americans stop buying their plastic trinkets, what good is that cheap labour?
 
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FunnyMoney

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I don't see China as being the new superpower anytime soon - - if ever.
...If the Americans stop buying their plastic trinkets, what good is that cheap labour?
18% of their exports go to the USA, scorpio already posted a chart.
Over the last 3 decades they have moved about 200 million people from abject poverty into the middle class and this trend continues.
They have more bullet trains than the rest of the world and the stations make our subways and mass transit systems look like they're from a 1960's movie.
They are mining gold at a break neck pace and have been doing so since 2008 and this was in the works for a long time before that - it takes a while to build a gold mine. They also promote savings for their people in gold and silver.
They have a 90% monopoly on the rare earth metals and 99% monopoly on the processing of them.
They have a plan for widespread use of electric cars which rivals anyone on the planet.
They have a lot of people left in poverty aggressively seeking to move up the ladder and slowly those people are, while the American middle class is gutted.

We can't stop buying their trinkets because we don't manufacture those trinkets here anymore, Trump has refused to keep his promise about restoring America's manufacturing base - the root issues to do that are not even on his radar anymore.

They hold trillions of our currency and the derivative debt instruments. They are a creditor to the world while the rest of the world is in debt. They invented paper money thousands of years ago and know exactly how to negotiate from a position of power. Trump went over there and came back with nothing , nothing but his tail between his legs.