vangoat
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pipefit, you are not up on your Robert Louis Stevenson on the gold confiscation question, because “them as has can hide!” and “Them as wants gotta find!”
Stoneleigh, I think you are grabbing the CDIC by the wrong end.
The problem with holding ones cash under CDIC is not that that insurance will not be paid out but that one may not be able to access one’s cash in a timely maner. The last thing any government wants to see is a bank run and they will pay even if they have to do it in physical cash from an ink jet printer. My worry would be, for instance, in a case of systemic collapse, when one would not be able to use ones money to buy good assets before they became too expensive.
First a minor detail in the abbreviation CoL do you mean Cost of Living or do you mean Cult of Luna? Would you mind for the sake of new readers and as well the older, tired of remembering lists of acronyms, ones?
On Iran and Israel, my impression is that the main bone of contention for the US is in what currency or currencies petroleum is to be priced with nuclear weapons merely a useful straw man.
As long as stability or net balance in the derivative market can be maintained then printing will continue until trust in the US dollar fails. How long this can continue is as guess but when it happens it will be very sudden and deflation as it occurs will be measured in nanoseconds and no use to anyone foolish enough to be holding any form of fiat.
First a minor detail in the abbreviation CoL , I imagine you mean Cost of Living and definitly not Cult of Luna? Would you mind, for the sake of new readers and as well the older, tired of remembering lists of acronyms, ones to preface them in full?
On Iran and Israel, my impression is that the main bone of contention for the US is in what currency or currencies petroleum is to be priced, nuclear weapons are merely a useful straw man.
As long as stability or net balance in the derivative market can be maintained then printing will continue until trust in the US dollar fails. How long this can continue is as guess but when it happens it will be very sudden and deflation as it occurs will be measured in nanoseconds and no use to anyone foolish enough to be holding any form of fiat.
I think in the last election, the Owners favored Obama …
I think it is like football or hockey club owners where it might make some substancial monetary and prestige difference to the owners about which team wins, for the dweeb sports fan all he is gets is to pay the freight and a hangover. The same as goes for the dweeb electorate. (of course he coud put a few dollars with the bookie so it isn’t a total waste)
From sidebar https://jessescrossroadscafe.blogspot.com Jesse’s Cafe
Fed Playing Favorites With Wall Street in Secretive Bond Deals: Mortgages
“Goldman Sachs held onto almost all of the bonds the New York Fed sold to it for at least a day, rather than mainly fulfilling client orders as Credit Suisse did last month, based on data from Trace, the transaction reporting system of the Financial Industry Regulatory Authority.
Goldman Sachs told some investors who bid on the bonds through the bank that, while they had offered the best prices on individual securities, the firm had bought the debt for itself, according to three money managers with knowledge of the matter. Goldman Sachs then offered the securities for sale to the investors, they said. The prices were between 1 and 3 cents on the dollar higher, said one of the people, who declined to be identified because the transactions aren’t public. “
Galinazo
With the election upcoming I would think there will be every effort made by the current occupant to keep markets humming along, printing and making cash seem foolish to hold, for instance, the current talk of costs to be placed on holding money market funds. If Markets are weak leading to the election I would look for a bookie and start placing some serious money on the other guy and make my dough that way instead:)
Jal
I too have a question! Where are the hosts of this site? Has the SHTF without us knowing it and they have gone to earth?
VV
Off topic OT
unfortunate website, just lost many readers, can’t access the discussions. what a shame.
This is a much better structured forum for discussion and most readers will soon get over the shock of the new.
@ MR166
It is about time that the progressives come to grips with the fact that an unproductive society cannot be supported by the “Rich”. Socialism just does not work!!!!!
so·cial·ism
noun
1.
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.As I understand the situation, Greece entered the Eurozone with some economic book-cooking done by Goldman Sachs (GS) whom, as far as I know, have nothing to do with socialism ( see definition above). I think GS could be referred to as a type of Mafia-style economic association. I believe some of their associates have been known to shake down large governments and are definitely not productive in any sense that concerns main-street economies. Greeks, on the other hand, apart from their politicians, I would say produce real goods and so true wealth.
“Russia will enjoy yanking Europe’s chain from time to time in order to make sure that power is well understood..”
Would you say to Iran’s enjoyment as well? B)
Hi Nicole, good you have yesterdays site problems solved but one problem I have is that the greyed comments are hard for these old eyes. Any chance you can do them in solid black. If there is a need to differentiate between the article and the commentary possibly the use of Italics or a font change for one? Thanks.
