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Mr. House:
Since this is a Dem on Dem thing, she probably forget she is a women. You know how Dems are about women knowing their proper place.
Trudeau has finally decided to build a new vaccine manufacturing plant in Quebec that will be ready to produce vaccines by early 2023. Late is better!
The nice thing about BLM, for the Dems, is they only burn and loot black neighborhoods!
An earlier version of the Dems, created the KKK.
Nice bunch of hypocrites!
After FDR died, congress passed a new law limiting future presidents to just 2 terms.
I have to wonder if congress was motived by their desire to prevent future presidents from being able to interfere with their corruption enriching schemes!
As for the Reddit/Robinhood crowd, their effect on silver ends with a whimper.
It is as if they never existed!It is really interesting to read some of the details of why their was military coup in Burma, yesterday.
In November 2020 Burma had an election. The ruling party won by a landslide! Yeah, just like obiden won 81 million votes! She was not very popular either. Sound familiar!
The military complained that there were over 8 million unexplained voting irregularities.
The military complained to the election commission, but the commission declined to look at the evidence! Sound familiar!
Guess what! Burma uses the same voting machines as the US does!
Yesterday the Burmese military did something about it!
Now we know why obiden and Dems support the disposed party leader because she used their voting machines to steal the election!
Now wouldn’t it be very embarrassing, to obiden, if the Burmese military releases a true audit of their election voting verses what their voting machines counted!
Under the category of “changing the rules in the middle of the silver game”, the CME has raised silver margin requirements 18% if you want to continue to play in their rigged silver paper sandbox!
And by-the-way, there is no shortage of paper silver (or paper gold)! That is what SLV holds! Same for GLD too!
Today I would say silver is up about $2 after surviving a $1 sell off by people booking profits. Not bad but hardly inspiring either when compared to GameStop.
Regarding buying silver coins. Don’t buy! At least not now! And beware of Chinese fake coins. Don’t buy any coins from China!
Why? Premiums being charged by coin dealers are currently insane!
Typically coin dealers are asking for $40 to $42 for an one ounce silver eagle. Silver is just under $29 now. That works out to at least a 25% to 30% premium, way over the typical 5% premium for coins.
The coin dealers say there is a shortage of physical silver. Yes, and No!
Yes, there is a shortage of minted silver coins. (The mints are having trouble sourcing large silver bars.)
No, there is not really a shortage of physical silver bars (the only shortage of silver bars is at a low price of $29! Anybody with silver bars will not sell their large silver bars at such a low price when they know silver is worth much, much, more!).
A few thoughts on Reddit/Robinhood “little guys” short squeezes.
First, the big guys have pushed their short positions to extremes (naked shorting) in particular stocks, creating the right conditions for an organized group of little guys to exploit. The big guys never thought this would ever happen in their rigged game! They were the sole organizing group!
The little guys are like hit and run bandits. All the little guys have to do, is “say” they are going to target a particular overshorted shorted stock to have an effect! They don’t actually have to put any money into it.
This is a form of asymmetrical warfare that the big guys find very hard to fight. The big guys have big money on the table but the little guys don’t have much, if any, money on the table!
So the logical thing for the big guys to do is to not short to the extremes (naked shorting) they are currently doing. This would reduce the opportunities available for the little guys to exploit, to nearly zero.
However, the shorting function in the stock market is critical to make stocks go up (bull market) through periodically forced bouts of short covering.
If the big guys become more conservative in their short positions, then bull market rallies will become weaker. However, in bear markets, bear market rallies will also become weaker too!
In the long run the little guys will force the insane behavior of the big guys to be just a little bit less insane!
No, honesty will still not return! The markets will still remained rigged against the little guy!
Rototillerman:
Be very wary of buying any coins online!
Many are Chinese websites selling fake gold and silver coins! They have unlimited supplies of coins!
Real coin dealers don’t have any stocks of coins and haven’t had any for months!
I would say right now it is already too late to buy silver coins!
So if someone says they have silver coins available they are likely fakes!
V. Arnold:
That is why I enjoy spending my summers at the family’s river island cottage. No internet!
So I can watch the world go down the drain (without them telling me about it!).
I have probably written this before but I come from a mining family. My Father was a mining engineer. I have worked in many mines all over the world. My brother has also worked in the mines. None do so now.
So naturally mining commodities have always interested me. It is in my blood!
And yes, I have been inside of a bullion bank’s gold and silver vault! Probably 100s of millions of dollars (today billions)! And no armed guards either! I was so disappointed! No fort knot! I was left to wander among the steel trollies loaded with tons and tons of bars!
My Father’s warning about not getting my fingers pinched beneath the gold and silver bars still rings in my ears! I still had a few close calls! Those small looking bars weighing close to 100 pounds!
I remember remarking to my Father, after we had left, that they really didn’t need any armed guards as the bars were too heavy to be easily moved!
Dr.D:
Regarding silver’s role in the fiat financial system, your arrow hit the bullseye! Robinhood would be proud!
The silver market is small compared to gold, so central banks, with their printing presses, find it very easy to manipulate the price of silver lower.
The earth’s natural ratio of silver to gold is about 15:1. Currently the ratio is about 70:1. A short time ago it was over 100:1!
So yeah, the proof of manipulation of silver prices downward is there for everyone to see, if they open their eyes and decide to actually look!
As for breaking the JP Morgan Bank, it isn’t going to happen! JP Morgan ain’t as stupid as the other 8 banks still short silver and gold. They knew this day would come and have prepared by building up the largest physical holdings of silver 1 billion ounces and gold maybe 200 million ounces in the world over the last 12 years or so. Right now JP Morgan couldn’t care less which way silver and gold prices go. They are covered whether things go long or short! They will make billions either way!
Right now the remaining 8 bullion banks still short of gold and silver, have been forced lately to “borrow” these metals from JP Morgan! So this is JP Morgan’s short position to complement their long position!
Yeah, that’s right! No honor amoung thieves! Naturally JP Morgan extracts their pound of flesh from these 8 bullion banks still short on gold and silver!As of 7 pm Sunday evening silver is up $1.50 from $27 to $28.50. Let the games begin! I have been waiting decades for this moment!
I see Bill Gates is upset about what folks are saying about him!
Poor guy! People are beginning to notice the differences between what he says and his actions!
In this case actions speak louder than words!
Yes, Mao and Staliin were very successful dictators. They died of old age.
Mao had a very nice collection of young girls to satisfy his needs 24/7. That is truly part of Leftist ideology!
GameStop is just another method of shearing the sheep before turning them into lamb chops!
When gambling if you don’t know who the mark is, it is you!
What the governing elite are really afraid of is if the steeple were to consider only silver and gold as real money.
Yes, the elite’s leveled up unstable “house of fiat” is deathly afraid of real money.
The Robinhood folks are simply attacking the levered up “house of fiat” using the same leverage!
They merely have to find the “straw” that breaks the “house of fiat’s” back!
The RINO republican mitch threw their senate majority to the Dems so he could return to selling repub votes to Dems.
However I am hoping the power hungry Dems reneg on the deal they made with the snake mitch and elect to go with simple majorities rather than the customery 60 vote senate rule.
It would serve the snake mitch right to be double crossed! Something he is good at.
I would like nothing more than see mitch the snake go down in history as the self serving snake who destroyed the corrupt RINO republican party as it now exist, for betraying republican voters!
Just as I predicted, the Dems are ratcheting up the RussiaRussiaRussia narrative which is the reason Julian must never be released alive because he would spoil their narrative.
As for the WitchWatch app, the good folks of Salen in 1692 didn’t need the internet to hang my ancestor, Bridget Bishop!
The first rule of the House of Wall Street is: “if you are losing, change the rules!”
That is exactly what they are doing!
The little people are not allowed to have yachts!
my parents said know:
I think it is pretty safe to say the coup plotters felt they needed military protection since they stole the election and were afraid of citizen blowback.
Notice they are keeping that protection around until March!
That says something, doesn’t it!
About this painting!
This artist’s ability to portray detail makes this a great painting in my view.
Obviously I am a minority in a sea of abstracts!
If you look at pictures of Justine’s 2 younger brothers, Justine is the odd one. The 2 brothers have more rounded shorter noses.
Trump Senate impeachment to fail.
Maximum of 55 senators to vote to convict, well short of 67 votes required.
It is a political farce!
Leon Black’s $158 million payment to Epstien is what financed Epstien’s deep dives into under aged girls for another 12 years after Epstien’s 2008 conviction.
Epstien sure must have had some really good blackmail pictures of Black!
Noirette:
Isn’t it a wonder that we have managed to survive such gross corruption in our country’s public health ministeries!
The WHO refusing to declare a pandemic because they had issued over $200 million in health bonds, the CDC saying masks don’t work and then banning doctors from using the cheap but effective drugs, the Canadian top health official saying masks don’t work, then seeing France’s health doing the same sh*t!
All of these health officials should be put on trial for crimes against their fellow humans!
John Day:
An interesting read the above link you provided.
The only real question I have is who in China gets to decide what and where infrastructure is built. That one person gets to commit tremendous resources leaving everyone else short of resources. That one person gets to decide what future resources are committed towards maintaining possible unlikable infrastructure. This system still has critical weaknesses built into itthat are not immediately obvious especially if mistakes are made.
An example of such a boondoggle was Canada’s Pierre Trudeau senior deciding to build a giant airport well north of Montreal with no way for passengers to easily reach Montreal. No airlines wanted to land there. They all refused to leave the airport on the island of a Montreal. No airline passengers wanted to land there either! The only way all the International airlines avoided being arbitrarily forced to move to the useless airport was their government’s threatened to do the same thing to all the Canadian airlines!
Today this airport barely operates as a trans cargo hub only. It is a huge big white elephant to central planning! The same Trudeau idiot tried to do the same thing in Toronto but was only stopped by kicking him out of office. You may notice that our current prime minister, the son Justine, looks a lot like Fidel Casto! Justine is so popular internationally, like his dad, that he doesn’t get invited to visit anybody!
TopCat:
Zero interest rates do indeed cull the herd! It destroys people’s “real” capital. Capital is instead replaced by newly printed money. That means capital now has no value!
Since existing capital cannot grow, it will shrink as people eat their capital just to survive.
Many people still don’t understand why the Russian communist hit the wall after 70 years in power. They simply ran out of other people’s money! The communist squandered all the wealth that had been acquired by the Russian people up until the revolution in 1919.
We in the west are doing our own “zero interest” version of communism! We are eating our existing wealth!
I agree “chickens and chainsaws” shouldn’t mix!
Not that I travel any more, can’t afford to, but airports losing constant CNN is a sure sign CNN could no longer afford such luxury. Of course, there were no longer any eyeballs watching either!
