Peccable reflections

If the Jackasses were pure as the driven snow, why wold some of there be dirty footprints be in those drifts.

Not ‘noticed’ behind all the histrionics…from Rico

Here’s a little bit of “news” that was not really ‘reported’ by the MSM (doesn’t fit the ‘narrative’) and is otherwise quite ‘lost’ behind all the whining, wailing, gnashing of teeth, and rending of garments by the collective Leftards is this:

Another Swamp Creature has Run Away

A very senior FBI executive (he reports to Dir FBI Wray) heading the Task Force ‘investigating’ Russian Interference in US Elections has resigned.
– After 18 years in the FBI* Jeffery Tricoli has abrubtly gone to Commiefornia to be a ‘stock broker’ leaving a significant and ‘plum’ Gummint job. Makes sense to me.

*If you are unaware of how Federal retirement works, by resigning before 20 years of service this guy took a yuge ‘monetary hit’ by way of a significant reduction in his future retirement pay. Maybe that seemed better than getting swept-up and arrested in a raid by US Marshalls one of these fine days?

Gittin’ while the gittin’ is good? The statute of Limitations has a long reach.

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Mélange

A short collection of historical precedent and contemporary bulls#!t.

Was this Treason?

 

Stupid is as stupid does!

 

The current batch in Congress need some encouragement.

The State Owned Media at work.

Question

What should we do about all

the individuals collecting

government money but

refusing to work?

 

Lets toss them

out of Congress!

Observations

Paul has been calling for the sky to fall for some time. He’s been wrong so far BUT…

…all he has to be is right ONCE!

This is the ‘biggest bubble in the history of mankind and it’s going to burst,’ Ron Paul says

Look to the stock market and you’d assume Wall Street was doing just fine. The S&P 500 has come back to March highs, the Dow is back to positive for 2018, and the Nasdaq is at fresh records.

It’s all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul.

This market is in the “biggest bubble in the history of mankind,” and when it bursts, it could cut the stock market in half, he told CNBC’s “Futures Now” Thursday.

“I see trouble ahead, and it originates with too much debt, too much spending,” Paul said.

This isn’t the first time Paul has made such dire warnings. During a “Futures Now” appearance in August 2017, he predicted a 50 percent drop in the market, a call he has doubled down on a number of times since. Since that appearance, the S&P 500 has rallied 15 percent. [snip]

Paul isn’t alone in his critique. A number of politicians have voiced concern over ballooning deficits, including current House Speaker Paul Ryan, who raised a warning on the nation’s debt in 2012.

The Congressional Budget Office estimates that federal deficits will average $1.2 trillion a year from 2019 to 2028, according to its April economic outlook. Its 2018 deficit estimates rose by $242 billion over previous forecasts made in June 2017. The federal agency said the revision was mainly owing to lower projected revenues tied to tax reform. [snip]

“The government will keep spending, and the Fed will keep inflating, and that distorts things,” said Paul. “When you get into a situation like this, the debt has to be eliminated. You have to liquidate the debt and the malinvestment.”

Paul reiterated his call on Thursday for a potential 50 percent sell-off on the stock market.

One item that can exacerbate the hardship of a sell-off is the amount of investing has been done on margin. That is what caused Oct 29th, Black Friday, to be so bad. When the stocks dropped and the calls to cover margin went out, investors were forced to sell to raise that money. Selling dropped the stock values to fall further with each sale.Oddly enough not all stocks dropped; only those high fliers those shooting up in share price were hit. But that was a large amount of cash value lost.

Ponder this

It is a truism that almost any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.

~ Robert A. Heinlein

Ponder this

Don’t ever become a pessimist… a pessimist is correct oftener than an optimist, but an optimist has more fun, and neither can stop the march of events.

~ Robert A. Heinlein

Collectivist Banking

If you are going to buy gold, watch for this manipulation and get a better price. DON’T BUY PAPER “GOLD.”

Gold Gunfight at the COMEX Corral…from Rico

CME’s COMEX has been manipulating the ‘spot’ price of Gold for years by dumping massive amounts of “Paper Gold’ naked shorts at strategic times (like O’my God it’s early, say 3:00 am before anyone is awake and trading) and seemingly on cue (NFP Fridays, FOMC, etc). This, combined with a chronic shortfall of physical metal that can be delivered to cover redemptions of paper contracts, has meant that as the price of physical Gold gets moved around the plate of the Bullion Banks, the only thing used to ‘settle’ these Paper Gold contracts has been unredeemable FRN’s (aka USD).
– The game appears to have changed suddenly.

Of late, the spot price of Gold has been moving in seeming correlation with the USD/CNY exchange rate instead of the COMEX. This suggests China has increasing influence over setting the Gold spot, while COMEX has decreasing influence.
– I’d suggest watching the USD/CNY exchange rate in future. Gold could reach $1400 if the US revalues to below 6 Yuan, and it could reach $1600 @ 6.25 Yuan if China revalues Gold to the Yuan.

Either way, owning COMEX Paper Gold is a lot like bringing a picture of a gun to an actual gunfight, and right now China-Russia-India have the real/physical Gold, COMEX does not.
– Decide for yourselves which you’d prefer to hold when this gets ugly. Paper is infinite, but the ability to pay with paper is not; on the other hand, physical is finite, but the ability to pay with physical is not.

Paper or physical?
– Now, just as an exercise in fun, consider the USD priced in Gold and then answer the above question.