Posted on August 23, 2016 by Ed G. Mann Ps.D
Gambit or Prelude?
$1.25 Minimum Wage?…from Rico
It was difficult not to ‘notice’ the body-slam delivered to the Silver bullion spot price by the wiseguys today (8/22).
It IS difficult to know whether this was merely a “gambit” by the usual suspects prior to the Silver option expiry on the CRIMEX…..er, COMEX this coming Thursday 8/25 or instead a prelude to a significant price rise ahead.
– The same thing was done by the same crooks to Silver Wheaton, driving their share price down to $10 before it rose to $30.
Then there are the expected ‘antics’ by the crooks preceeding the annual FED Jackson Hole to consider…
The FED and the USG should be ‘thanked’ for the inflation we do not have (well, that’s what they tell us…no inflation, no COLA… would they lie?).
– Here is an example of their ‘inflation creation’ for you to consider:
Five Silver quarters (pre-LBJ, pre-1964) with a face-value of $1.25 contain ~$20.00 worth of Silver today.
– Why even debate a paper fiat Federal Reserve Note “minimum wage” of $15.00 when a Silver-based “minimum wage” of $1.25 would yield $20 in purchasing power today?
Now forget about ‘flipping burgers’ for a moment and think about what this would mean to the entire US economy.
– It’s one helluvofanargument to END THE FED right now! The thieving bastards……….
Do you still wonder WHY they hate Silver and Gold bullion so much?
– THIS is exactly why they “rig” the spot markets.
Filed under: Collectivist Banking, Daily Insanity, Squealing Lefties | Tagged: Bare face liars, Congress, Democrats, Economy, Enlightenment, Federal Reserve, Gold, Silver or Dross, Losers, Progressives | Leave a comment »
Posted on June 9, 2016 by Ed G. Mann Ps.D
George Soros has to be one of my least liked persons. what he did as a youngster working with the Nazis and is politics now bring new meaning to the word ‘Vomit’. As an investor, one has to pay attention to what he does. He’s not always right but anyone that amasses the amount of money he has, isn’t wrong very often.
Loon Watch has been a believer in accumulating negotiable metals as protection against idiot governments.
Problem: BREXIT, the EU
and Central Banks
A Bearish George Soros Is Trading Again
After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles.
Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.
Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors often view gold as a haven during times of turmoil.
The moves are a significant shift for Mr. Soros, who earned fame with a bet against the British pound in 1992, a trade that led to $1 billon of profits. In recent years, the 85-year-old billionaire has focused on public policy and philanthropy. He is also a large contributor to the super PAC backing presumptive Democratic nominee Hillary Clinton and has donated to other groups supporting Democrats. [snip]
Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis, continuing challenges in Greece and a potential exit by the United Kingdom from the EU.
“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,” he said. Still, Mr. Soros said recent strength in the British pound is a sign that a vote to exit the EU is less likely.
“I’m confident that as we get closer to the Brexit vote, the ‘remain’ camp is getting stronger,” Mr. Soros said. “Markets are not always right, but in this case I agree with them.” [snip]
We shall see. the question is who will be sitting around until the financial quake hits.
Filed under: Uncategorized | Tagged: Economy, Elections, Enlightenment, European Union, Fascism, Federal Reserve, Gold, Silver or Dross, Marxists, Progressives, Taxes | Leave a comment »
Posted on May 17, 2016 by Ed G. Mann Ps.D
When Central Banks dump paper metal to knock down the prices of gold and silver, you know that they need fiat money to go on a bit longer. Perhaps so they can extricate themselves from some tangled positions before the collapse, or to close out long currency holdings and get into metals at lower prices.
Why isn’t going to matter, the fact that it is happening should be a cause of alarm for those of you aware of the arriving end game.
Click at period to connect.
The end game is becoming a socialist utopia with debased currency and no economy: Venezuela North.
As the chart shows, there were 18,000 contracts dumped in a ten minute span (about $2.3 billion in paper gold)
Silver contracts were dumped also
Any country that is on a standard (gold, silver or any other metal) cannot manipulate it’s currency to cover debt. It cannot have debt for it cannot print money that isn’t covered by whatever standard it is pegged.
That is why Progressives want the fiat dollar; it allows them to spend with abandon. Look at all of the large economies engaged in the fiat currency: China, India, the EU the USA, Russia, South American Countries. All are in some economic stress, most in a severe condition. Of those only India China and Russia are buying up gold.
Filed under: Collectivist Banking, Government, Prevaricators | Tagged: Bankers Gnomes & Trolls, Congress, Economy, Federal Reserve, Politicians, Progressives | Leave a comment »