About 35 minutes in to above Willie piece, he says physical gold on Comex/Lbma about all gone.

Thanks CFS

Listening to Jim Willie always gives me the willies.

WILLIE ALSO SAID………RUSSIA HAS ABOUT 20,000 TONS OF GOLD……….

HEY bb…….Did you hear that;;; 20,000 tons…………..thought you would appreciate…., heard anything else from Karen H…………….

Nope, but I don’t follow her.
Nobody has disproved her yet tho.
Just accusations.

I herd about that 20000t of gold in Russia awhile ago, maybe its true, and maybe China has the same amount, wouldn’t it be funny to find out the U.S. has 20T when they sit down to negotiate the next world reserve?

I suppose w will find out when its determined we should know.

I will add the link since I just tuned in and listened. Comments on gold start at the 9:30 mark. It was interesting that Rick said discouraged investors in gold should exit the market unless they have a long term outlook and know why they are investing in the sector.

Rick Rule Commentary of February 15 2015
http://kingworldnews.com/rick-rule-broadcast-interview-available-now/

Shouldn’t he have said that in 2011?

I disagree with you Mathew, the whole point of Bill Still (and others Ive read recently) is you need honust government.

I actually thought I was making a ludicrous point, and I understand that printing is taxation so is inflation etc etc

You and I are about as likely to agree on Bill Stills excellent observations and conclusions as Bird and I are on Israel.
Not gonna happen Mathew lol

Funny stuff there, bb. There is, and never will be, a lasting example of “honust” government. Even if such a government were possible, it wouldn’t matter because honesty would hardly guarantee economic or monetary literacy on the part of the politicians or the voters. As a group, voters NEVER demand sound spending policies from their candidates anyway. On the contrary, they consistently vote against such policies.

I thought you made a great point in your first post bb. What is money anyway as long we all believe its money? The trick is to have mechanisms to shift it around and achieve social equity. The problem with gold is that it fixes wealth into a few hands and stops flowing which thus breaks the feedback loop and impoverishes the very people you need to have shopping and spending. If anything, the central ideas of a highly liquid fiat system need further refinement to allow the distribution of wealth to where capital is needed. But that takes management and a consensus view from the top and lately those kinds of solutions seem further and further off in the future. I think that electronic formats of currency can resolve some of the dilemma if the mechanics of distribution can be hammered out and resolved. Gold is like death and Kryptonite to achieving more equitable social engineering.

Well Bird, since you mentioned you thought highly of M Armstrong I have watched a few of his opinions.
Very interesting indeed. He really shouldn’t be scaring goldbugs as he sees gold rising, just for different reasons, altho goldbugs could argue their point was correct all along.

Round and round economics goes, I actually liked a statement from one writer I read (sry forge the name) economics is 95% common sense, after that, argue which of the 9 schools applies to where a person lives.

I agree that we go to a digital currency, I just don’t think the time is right yet, nor do I see a totally digital system, but who knows?

This idea of just print no need for tax, isn’t mine, I think it ludicrous, but Im an Austrian thinker, confidence comes into play, and if people don’t have a clue, why not?

Mathew, I agree, we don’t have a lasting example of honust government, unless it be monarchy, dictatorship etc (very honust, do as I say or I boil you alive).

But I do agree, which is why we need to come up with a completely new system of government. Whatever that may be.

Hmm, not real Austrian of you to take Bill Still seriously.

You might be right Mathew, maybe I mix Austrian and capitalism.

But I don’t see either as requiring a specific currency.

I understand austrian to mean that a person runs into trouble when he spends more than he earns, capitalism to mean, save “capital” then invest it for a return on the investment.

Robert Kiosaki would disagree entirely of course and as he is a gazilionair his argument might be pretty good.

Since tally sticks and paper money are the result of state force, not markets, only the confused or disingenuous Austrian would support either.

Tally sticks…………never used as a median of exchange……per the article that Matthew provided.

One thing I don’t agree with Stockman et al. is that I don’t see a big crash, I think it is more like everything melt up in a volatile way. Government will go all in to save the system and dilute every to extreme. In the old days, government could still clean up the system after the crash but we cannot do it anymore. So printing money to solve all the problems is the only way. Eventually, government or FED may end up actually owning everything.

Bird, I guess you mean as long as PTB holds the system in the current state for long enough time, people will accept it. I think it is true, but we know majority loses.

I said, “fiat.” All fiat currencies fail because they are fiat.

Wayne, tally sticks were fiat. for 700 years they were fiat.
This is actually a good point in the argument that gold is not the best fiat currency.
When people like Casey reaserch or Maloney say all fiat crumbles they are mistaken, they should be saying most fiat currencies fail.

Actualy Wayne, when these guys say fiat fails, they miss the point, they should be asking why did they fail.
300 years of Chinese paper currency, and the greenback was boght by the government, neither went to zero, heck, how about the pig tusks of Vanuatu? I spelled that wrong Im sure, anyway, lots of examples of fiat currencies not failing, they did get replaced as they went longer than their usefulness.

And those examples are only europian thinking, how about Aztec,inca or myan?
We are also only mentioning those within “Christian” history but there were many prior to Christian records as well.

When gold dealers or those that make their living in the gold indusrty say stuff about PMs, sometimes it needs to be verified.

BB, I don’t think China ever have 300 years of paper currency. I love history so I read history books and novels of ancient China. Except a few short periods, the country always used silver with copper for small denomination. Only significant time I can think of using fiat was Yuan dynasty of Kublee’s time, but that dynasty lasted less than 60 years after unified the country and most of times it used silver as well. It is why Chinese silver and money is interchangeable. You can say spend money or spend silver. The current fiat current started from 1949 and might be the longest in history. In a Qing dynasty (from 1640-1910), people used silver certificate, which people stored silver in bank vaults and carried paper around. What I want to say is, I never know there has been long enough period in China only fiat money was used.

Lawrence, I recall being wrong one other time, I remember as it was a foggy day.

LIAO 916 – 1125 A.D. Paper money issued by the army.
NORTHERN SUNG 960 – 1127 A.D. Private credit notes issued.
SOUTHERN SUNG 1127 – 1279 A.D. Government credit notes issued.
WESTERN HSIA 1038 – 1227 A.D. Issued paper money.
CHIN 1115 – 1234 A.D. Issued paper money.
YUAN 1271 – 1368 A.D. Profuse issuers of paper money

Maybe the issue is the term fiat, fiat is merely government decree, gold/silver can be fiat, anything can be.

oops forgot Ming that’s about 300 right there.

MING 1368 – 1644 A.D. Excessive issues led to discontinuance of
paper money for the next 400 years.

I don’t know if you should know better than to make such a point, but Armstrong should.

Yes, governments can wave their magic wands and declare gold and silver to be money and attempt to take credit for something they had nothing to do with, but that is not what people mean when they refer to fiat currency. Unlike gold and silver, unbacked paper is never chosen by the market to function as money. Paper must, at least initially, be FORCED on the market by government decree or fiat. The same is not true of gold or silver.

Now Let Us Celebrate Tally Sticks … or Not
http://www.thedailybell.com/printview/params/id/4149/Now-Let-Us-Celebrate-Tally-Sticks-or-Not/

You maybe have a point, it also should be considered what society.

Central and south America for example, before europians arrived, how come there was so much gold/silver just waiting to be picked up?
Remember, these societies built cities, had schools, professions and tradsmen, but they didn’t use gold/ silver, that’s why there was so much for the Spanish to mine.
Gold/silver had an entirely different meaning to them.
How about 10,000 years of North American aboriginals? They didn’t us gold/silver either, not until europians arrived. Heck they went thru beaver pelts as curency first, until the beaver died off of course.

We don’t NEED gold/silver as currency, and in time moving to digits will again prove that I think.

Examples
Word Origin Fiat
noun

1. an authoritative decree, sanction, or order:
“a royal fiat.”

Synonyms: authorization, directive, ruling, mandate, diktat, ukase.

2. a fixed form of words containing the word fiat, by which a person in authority gives sanction, or authorization.

3. an arbitrary decree or pronouncement, especially by a person or group of persons having absolute authority to enforce it:
“The king ruled by fiat

Meanings of words do change, but at this point this is what I understand the meaning to be, so if someone means something else. I would have to be told what they actually mean.

LET IT BE DONE………….fiat……….LATIN…………….

For those who missed it the first time I put it up, here’s G. Edward Griffin on Bill Still:
http://www.freedomforceinternational.org/freedomcontent.cfm?fuseaction=meetstill

Tally sticks ………never used as a median of exchange…………per above article.

History of Money xat,org

THE TALLY STICKS (1100 – 1854)

King Henry the First produced sticks of polished wood, with notches cut along one edge to signify the denominations. The stick was then split full length so each piece still had a record of the notches.

The King kept one half for proof against counterfeiting, and then spent the other half into the market place where it would continue to circulate as money.

Because only Tally Sticks were accepted by Henry for payment of taxes, there was a built in demand for them, which gave people confidence to accept these as money.

Maybe we need to find someone that was there?

BB, thanks for the research. Among the states you listed, they were all in the same period in Chinese history. Among them Liao, Chin, Yuan, Western Xia were all northern barbarian states which broke away from former Tang dynasty. My ancestors lived in these areas. Except Western Xia, which was located in the poor western region, all the rest set their capital in Beijing. I could see memorials in a few places around Beijing still. From the books I read, Yuan did issue paper currency and the other must have done it too due to lack of silver. Their economy was fairly backward. I think most was be bartering. History book said that they used silver and other rare stones as the trading currency. They were warrior societies. They live on horses and die on horse. One way or the other, they were very backward in culture and their economies were marginal compared to Sung to the south. The big dream they had was to invade the south and rob women and wealth. South and North Sungs were very prosperous states but they lost north half to Chin and later all to Yuan due to their incapability in the war or you can say the great warring strength of the northern states. Yuan ruled most of Eurasia at one time and Europeans called them Mongolians. Yuan was their Chinese dynasty name after Kublee announced he was the emperor call Yuan Grand Emperor. I am 100% sure Sungs used silver and copper as currency since all the books I read mentioning people bought stuff with silver bullion and copper coins. I never read they bought anything with paper currency. Silver could buy a lot during those times and for average people, one ounce is enough for several month’s living. So they were using copper coins for most of daily life. As for the giant Ming and Qing dynasties, they definitely used silver. It was recorded that Ming emperor personally accumulated 40-50 million ounces of silver in his personal vault just in case he needed to pay the army. However, people did use paper called YinPiao (Silver Certificates). This paper was issued by banks. Banks took the silver and store it, then they issued the certificate for the easiness of carrying. They had to store 100% otherwise they would be beheaded. Counterfeiting was punished severely. So I would not consider it was fiat currency.

There is a lot of misconception on the greenback and currency as a equal trading tool, used for trading one piece of paper for a product or service. The greenback during the civil war , was not always accepted , and particularly for exchange for silver or gold. The demand dollar, printed by the US TREA.(but really printed by American Printing company), was for the debt of the Civil War, and payments to the soldiers. AS a further note , during all wars, there has been species of payment to the soldiers, as military voucher printed to replicate the amount of dollar worth that the species can be traded for at the px or canteen.(check out military payment vouchers or notes) Since, some of these notes actually incurred interest payments on the debt of the US govt. the circulation of these note were issued because there was a lack of gold and silver at the time in the US GOVT. treasury,..to fund the war,…..which issued these notes. The notes were in theory a debt of the public. and circulated only as a means of to cover the lack of funds available at the treasury. These notes were not always redeemed for the face value, but, were sometimes reamed for much less.
To suggest that the currency of the greenback, was equal and traded equally as a base of exchange for like kind, is not factual. This so called currency did not always do what the founders intended, except to fleece the public into thinking that the exchange would be fair and equal. The green back was later done away with.
Pieces of paper, denoted as green backs did not offer the recipient the option to redeem the note or piece of paper, the luxury of receiving coin of gold and silver, which was the means of fair exchange at the time. Prior to the Civil war and the act of 1862, currency was printed by local banks, which had on deposit gold or silver coin. Check out obsolete currency, and you will see there are thousand of bank notes, of every kind , color and shape. There is a complete history of bank notes, and how these bank note were accepted or rejected by the people at the time.

J my point about the greenback was that it didn’t go to zero, the treasury ended up giving them to banks for bonds at 90%. National Banking act feb 1863. I understand it was doubtful to get gold for them and they were not accepted in California at all. The greenback was created to counter the banks and their interest. They may not have had enough silver too.
Back to a gold standard in 1866.

I guess the Chinese paper eventually hyperinflated so got dropped, that could be argued it went to zero.

Interesting the term cash came from China.

This short summary is about the monetary system of Ming. It said the system was based on silver and copper. It did issue paper currency to circulate with metal together but the trades were mostly done with copper.

The metal was called money qian and paper was called chao， I think it means paper money.

It also said paper was used mostly at the beginning of the empire. Ming is the most researched dynasty by historians and there were many reasons why it fell but I don’t recall the paper currency is one of it.

http://wapbaike.baidu.com/view/508891.htm?fr=aladdin&ref=wise&ssid=0&from=844b&uid=0&pu=usm@0,sz@1321_2001,ta@utouch_1_7.0_3_537&bd_page_type=1&baiduid=A751B5D3702B22861DDB4927AB4FD221&tj=Xv_1_0_10_title

The summary also said that the paper money was at the beginning of the dynasty and quickly abused and led it to become worthless quickly so people dumped it. I guess it was a failed experiment.

bb…….look up DEMAND NOTE…..AND US NOTE…..two different currencies, but still issued during the time of the CIVIL WAR. The DEMAND note carried the 6 percent interest, as a bond commitment , where as the US NOTE , was full faith of the govt. This is were the difference in the common term GREENBACK gets confusing for some who are not familiar with currency,or paper FIAT.

Lawrence, my calculations have the ming paper currency lasting aprox 40 years then inflating. I was wrong to say it lasted 300, to get 300 you would have to add them all together I think.
And yes, there was metal backing in varying degrees for some and not others etc, looks to me the paper experiment went on in a few places, check Js stuff about the states or Birds in Canada.

What I find interesting different places around the world were doing the same thing independantly, a natural progression?, maybe a clue we go digital?

Just a point, Canadian currency hasn’t been asset backed for about 40 years, kinda makes a guy feel all warm and fuzzy inside. lol

J, I have read all about different currencies who issued them and what was backed with what where,and by whom and why, I am no expert of course, check Birds link, Its full of the same kinda stuff. interesting if your curious.
My only point was the greenback didn’t go to zero, that’s it.

I have already been doing that for 20 years…….I AM A CURRENCY COLLECTOR….

bb, pure fiat currency never lasts. The debt based fiat currency seems last longer due to the fact people restraint from lending it out. The really bad problem is it enslaves the general public. Pure paper currency goes to zero so you don’t have anything you don’t owe either. But if you look at the debt level now, I am sure the wealth of most people is negative. So a very few controls so many. People become debt slaves without knowing it. It is quite an evil system in the long run. I feel currency does not have to be precious metals but it has to have a slow growth rate. The other way to do is to separate means of exchange and store of value. Use gold as store of value and use something else as medium of exchange. We can revalue currency against gold ( or whatever hard money) every year and government is not allowed to create volatility in hard asset so people’s saving is not easily lost.

True…either way the standard of living for most folks will not be going up any time soon and that is what counts. I think if we don’t see a dramatic decrease in the standard of living for most due to some collapse we will continue to see the standard of living erode for perhaps a generation or two.

Just saying it comes in at that time, usually I don’t get to it till Sunday afternoon:
Lol, funny guy.
What’s your number encase you miss your alarm.

A true Korelinite wakes up at 3 AM for the email, Peter. 🙂

…funny guy.

Yes, that’s what the men in the white coats tell me.

+1 for the advice to BM. A big thumbs down on the rest of the nonsense.
Birds of a feather… 🙂

Personally, I’ll observe that tobacco, whiskey and chocolate bars have proven to be just as effective as money as have precious metals and mos other substances.

The main problem most people have with discussing money is they have forgotten its role. It is not a be-all and end-all in itself. It is simply a means of exchange, with the purpose being much like what Vortex simply explains.

-1
Yes, chocolate bars and even hot potatoes can work as currency, but they are terrible stores of value.

Tobacco, whiskey and chocolate are suboptimal units of account, or numeraires because each varies in quality and therefore value —like diamonds. They lack fungibility.

Tobacco, whiskey and chocolate are also not very portable or convenient. But more importantly, each is a terrible store of value and has a low value for the space it takes up making each unsuitable for savings.

“Gold has worked down from Alexander’s time… When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.”
— Bernard Baruch

“it is simply a means of exchange”per Temple…….should say……FAIR AND EQUAL MEANS OF EXCHANGE.

Temple is right, there was an article a few days ago about a person that really did live thru tshtf scenario, what he said was gold was only good for the first short while, then lighters, antibiotics, food, ammo and alcohal became valuable.
Another thing he said was that anyone on their own ended up dead eventually, people needed to stay in groups to survive.

Ridiculous bb. Those are items that can act a little like money during extreme situations, much like cigarettes in prison, but they hardly possess the characteristics that naturally make gold the best money.
Those who had gold in Hungary in the 1940s will tell a different story than the person in your scenario.

Mathew, that’s what he said, ammo,alchohal,lighters and antibiotics became the most valuable thing, next to food.
You might think its rediculas but to me its very logical.
What I personally got from it was the importance of antibiotics.

Take from it what you will.
The article was on zerohedge or silver doc if you want to go read it.
I think his personal experience has merit.
Just me I guess.

Also, I am aware that gold can get people out of desperate situations.
This guy obviously had no way out, so he lived thru it.
Bit of a difference there I would say.

Do you remember what country he was talking about or if he even owned any gold to begin with. “Personal accounts” are a lot like eyewitness testimony in that they are not nearly as reliable as most think.

Bosnia maybe, cant swear to it tho, somewhere around there.
Read the article if your interested, was just a day or so ago, cant be that many pages to go thru.

He didn’t say if he had gold or not, just that it lost value pretty quickly, other things were more in demand.
Necessity I would imagine.

Chris,

Thanks so much for being apart of the daily commentary. Al really did well in picking you, Doc, Gary and Rick as regular contributors.

Respectfully

V

The gold standard that Jennings railed against was not the same as the Constitutional bi-metal standard that had existed before. He was against the new system, probably not gold itself.

I think it’s obvious that the best system for all is no official system. People should be able to deal with one another freely.

Those who have no confidence in free markets simply haven’t studied much on the subject. Even worse, most have swallowed a lot of propaganda.

Bingo, Matthew…even Ron Paul has come off his one-time dogmatic advocacy of a gold standard, and is more likely to be heard these days arguing for the markets (i.e. – people) to choose their own form(s) of money, free of the Fed and otherr top-down dictates.

J, there are many once pieces with multiple dollar values on them, they been doing it for years. Gold coins with different face values get smaller too.
Apperantly you can get “face” value for them but they are really for collecters.
A person is much better off with maples.
If you go to the mint site you will see what I mean, Waaay overcharge for these coins gold or silver.
The mint makes a mint on them.

FIND ME ONE oz. SILVER with a face value of $50

I am referring to a GOVT. MINT………….no bogus pretend mints ….LIKE FRANKLIN MINT

Good greif J, just go to the royal Canadian mint website and see what they are selling, maybe its 50 this month maybe not, no idea, all I am saying is this stuff has been going on for years. they got 20s 10s 5s even 100s on occasion I believe. These coins are for collecters. Heck, you can even get them with gems or coloured glass imbedded.

It doesn’t mean we are about to revalue silver to $50 an once.

GOOD GRIEF..bb…….I went to the Canadian Mint as you suggested….
the only ONE OZ SILVER COIN with $50 printed on the coin, was the 2014 owl, and 2015 beaver…….So, the thought of the govt. revaluing one oz. of silver is still in play, since all the other coins one oz. silver coins have $25 or less printed on the face.

Your right about the average guy not being well informed if theyre paying $60 an once.
But as I said to J, these are for collecters, on kijjijji there is a community that trades and sells them to each other to fill collections.

Have never heard of the mint selling confiscated anything much less jewelry, that’s a new one on me.

Just thinking DT, are these things sold because the police took them due to criminal activity, they confiscate cars, property etc and auction them off.

bb, it’s not the mint selling these coins, the one once maples (that say $5) are sold on a CDN Federal Government website and are auctioned off with a minimum bid. They are confiscated, and they tell you that. They also sell furniture, scrap metal, or a myriad of other items that they no longer want including aircraft, cars, boats, tractors you name it they have it.

Oh IC DT, makes sense.
Could be some neat stuff.

bb………I have some great Canadian LARGE CENTS I would like to donate , have anyone in mind…….

I think those pennies are neat, a museum maybe?
I have 1 left, 1917, I keep it in my pocket, no value to it.

DITTO…Doc and Matthew!

You might wanna go look at that again. The consumption dropped in 09 when the oil price doubled.
And so what happened this year?

Doubled from what? The price reached 147 in the summer 2008 and I think the highest price in 2009 was less than $90. The price was way oversold due to financial panic in 2008 and then it recovered to reflect more realistic price. Depending where you pick the price it may mean nothing. In short term the price is what the other guy willing to pay at that moment. Fundamental only plays a role in long run, I hope I don’t have to state this,it is basic investment knowledge.

Hope you know about oversold and overbought concepts. Price follow the supply and demand but it may change due to other reasons in short term, like now.

If you want to know what happened this time, you can find out the talks by Saudi prince and Obama.

I bet the price is going much higher this time next year. Unlike gold, it is very difficult to store oil.

Lawrence,

I already know what happened and told you. It’s that simple.

You know that everything has been manipulated by derivatives and fiat currency, and then when the price drops you somehow change the tune saying ..now… It’s a supply and demand thing…? Cause CNBC and bloomberg script readers say so?
Heh heh, knock ya self out..

I never say it is supply demand for oil. I said there are other factors. There are a lot of manipulations. The price of PM says it all. It is more difficult to manipulate something like oil which is important but does not have high value per unit volume. But there is manipulation in relatively shorter periods, they could manipulate it down (like now) and can manipulate it up (like 2008) but they cannot push it in one direction like for PM. There is simply no above ground supply. Paper PM can make investors happy but paper oil cannot be used as energy.

However, anything said above does not justify your oil demand cutting to half since 2008 assumption. You have to prove it before claiming it.

Lawrence,

Fair enough. If you look at trucking and shipping, it was cut drastically. Don’t know the percentage, but didn’t claim 50% either!
Your point is an Abbot and Costello skit. Who’s on first?!

I’m not saying it’s speculation and I’m not saying it’s supply and demand?! ( you ain’t saying squat! )

You are making me laugh Chartster!

The miners have bottomed the miners have bottomed….

Yeah

You might want to have a good marinade for that crow, Glen.
Lol

charts you couldn’t hold my water bottle yet alone try and show credibility on here! Your tune is a lost one my friend. Now that deserves a big fat lol.

your on the ignore now..

asta la vista.

HH……1 JOHN 4………..good one for today…………..thanks for asking, I am doing great ……………….

J……thanks …read John 4. I love the New Testament.

and yes many false prophets.

Looks like an all out war is developing between US and Russia.

NATO will start Armageddon. Everything is playing out just as
God said it would. Still, many are not going to believe until its
too too late.

The closer it gets, the less they believe.

Ding…ding…ding…. : )

HH…………..I was thinking of …………..1 JOHN 4 : 6…….

Always glad to share,,it is dang hard to find anyone to listen, or even know what one is talking about……always glad to hear from you…………….have a blessed day………….j……….

Thanks J….you too.

However, no one is listening because we live in the final hour.

God Bless you for fellowship that is true doctrine. Very rare these days.

Do you think you are good ???

Listen at the 18.00 minute mark.

http://www.youtube.com/watch?v=IF9MhJlmRxY

plus in the USA..it is illegal to send cash through the mail…………..

What a country……….no wonder CFS left………………….

on the large cent…….it says penny………..dates are 1900 to 1936 I think , have not seen them in awhile…..I am going to go search for them…..I can not remember which tree I buried them under……heck they may be in the koi pond, to dang cold to go swimming for them now……………………….lol ……………………….jootb

IT is your lucky day DT,,,,,, On my way to the outhouse, I ,knocked over one of my honey hole jars, and found some 1895, 1896,…..1900’s………little musty, but, some fine XF’s…….will send them as soon as they air out………………..jootb.

I THINK zerohedge’s article says it all…………THE LENDER IS HOOKED, and is the lenders problem……..The lender made false statements in order to lend the money and the money is gone, and that is it.

The Greeks need to tell the GERMANS STICK IT IN YOUR EARS,,,,

By the way; the market is hardly moved and I suspect most do not even care. There is confidence an acceptable deal will be struck once the parties have stared each other down. Look at the Volatility index. Down on zero fear.

the Greeks need to start raising some veggies and start fishing, there is plenty to eat around the island………….get off their high horse and think simple, and stop begging.

the only players in the market is wallsteet junkies……….and they are off today…

Jerry, markets move heaviest on low volume thin trading days. If nothing is happening now then its pretty unlikely anything big will happen tomorrow when the players are back. This is a test of the markets nerves and they look pretty steady so far.

You mention some great item,,,……..Fuel, should not be coming to the usa to begin with, we had renewables. Flat screen TV’S,,I do not watch TV. Game Boys, I have better items to play with. Clothes are better made in America. All this promotes buying and not SAVINGS……….You sound like a women,,,buy, buy , buy,,,,shop till your drop…….We do not need anymore fricking crap from CHINA, JAPAN, or GERMANY

Sorry,,,,just joking with you…..how is your day going…………..j…….

I was just playing around too, Jerry. Just bored lately is all.

OK…OK..OK… many will be deceived in the last days. Scoffers and mockers
will be the accusers. You are the great majority and they are always wrong.

Few will inherit The Kingdom Of God…..FEW !!!!!!!!!! The road is narrow.

Your soul is in great peril. You have been deceived.

Sorry Bird…you are going to make a eternal mistake forever. : (

Bird….stop being so tough, we know you are a pussy cat………………lol……….j

Bird,,,the next time you use OMG………..think about it…………..

Nah, I don’t think so Heavy. Only god knows my fate…… And you are not God so please shut up.

Bird…you can’t tell me to S.U. OK…

MAKE ME !!!!!!!! Something you are incapable of accomplishing.

God knows. Give you credit. Don’t tell me that your soul is not in
peril denying The Word.

Armageddon is part of his word. DEAL WITH IT !!!!!

Time to repent.

You repent first. I’m out of here. Ciao baby.

God is rich and abundant in mercy, grace and forgiveness.

However, if you don’t ask, you don’t receive forgiveness.

That’s the problem with the world today. They like living
a sinful life but never ask for Forgiveness.

This is why we are entering perilous times right now.

You refuse the truth how Armageddon will cleanse the
world.

Its coming soon. It must and will. GET READY. ..repent !!!!!

Save your soul !!!! Its your choice to live eternal or spend it in Guyana.

hh you ever consider that the Christian god is a dictator, and should you not do as he tells you he will burn you forever?
Its just he doesn’t sound like a nice guy to me.
The record books concerning him as far back beginning with the jews even say genocide torture pedophilia slavery is all ok if you worship him.
Ive always wondered how this can be reconciled by people that talk about love.
Other than twisted, dillusional or distorted logic I mean.

Seriously, how can this be reasoned?

Sorry bb….you have decided to shoot from the hip
when it comes to Gods Holy Word.

Until you become more acquainted with Gods Word
like most try and decide without knowing what God
says is just wrong.

That takes an investment in time. Its not about guessing.

So no answer, I understand.

SEEK AND YE SHALL FIND……………………..

John 3 :16

BB…your answer is to invest time in study of Gods Holy Word.
Until you do that your confusion will only increase. I Suggested
you consult with your Christian nephews who are in ministry.
To constantly to go to and fro knocking around bits and pieces
of Gods Word is just not going to help you whatsoever.

HH, I asked YOU how YOU reconcile.
I didn’t ask for your answer from your literature.

bb…..it would be easy to answer your question if you knew more about the time line of biblical history, and the dispensations, and the time period and dispensation period we are in…………….Not all the bible is written to a Christian, a Christian is a person who confesses with their mouth , that JESUS CHRIST IS LORD, and ask for forgiveness, and wants to change their life of sin. I said before, JESUS and ONLY JESUS is your way out, because he DIED FOR YOUR SINS, AND EVERYONES SIN ON THE CROSS., DIED for sins..PAST , PRESENT AND FUTURE.., NOW, all you have to do is confess, and accept., it is that simple.

IF you have an issue of past situations, and why GOD, chose the Jews as his people to begin with, and why the Jews have been set aside, …..and the Gentiles, are now being given a chance to save themselves…..you are going to have to do some extra reading, and study to show yourself approved……like a baby given milk, a baby can not handle meat. And until you desire the information , SEEK AND YE SHALL FIND….as it is written. , I think this is why HH indicated the same……………respectfully……..j

Please accept this as a friend….and in no way do I write this with any disrespect….

Doesn’t make sense J.
To many things I completely disagree with in those books, contradictions, misstranslation etc
I ask HH for HIS thinking, not what he is told from literature.
Was a simple question really, how does he reconcile, he couldn’t answer, that’s ok, I understand.

Probly shouldn’t have asked in the first place.

bb…..sounds like some of the things you disagree with, ,,HAVE nothing to do with you TODAY……..

TODAY…………WE ARE IN A PERIOD OF………..GRACE.

IF , you are not a JEW, you must be a GENTILE…..if you are a GENTILE, you are under GRACE., …..has nothing to do with before the CROSS., when Jesus died for all.

SUGGESTION………….stop trying to confuse all parts of the bible, as being written for this TIME PERIOD…..

BB….you said how do I reconcile.

Its the other way around. You need
to educate yourself instead of falling
ignorant to Gods Word.

I could always host a bible study here
on youtube a few times a week. : )

BB….here’s a good place to start. Highly recommended by J.
My endorsement as well.

http://www.lesfeldick.org/

Sorry HH and J, I have no intention of beginning a study of any religious literature.

Maybe some day one I havnt read before but no plans at this time even for that.

BB….its OK….but why do you ask then.

Anyway, think about bible study but do it soon.

Before Armageddon…..coming maybe within weeks

Or even days.

HH, I asked for YOUR thoughts, and asking was pointless.
I understand that now.
Best.

BB…my thoughts in few posts.

Your kidding right !!!

You need counseling. Talk to your nephews.

??????????????????????

Man his ears are closed…………

bb….you are the one who asked and questioned……..you give up to easily……. I gave you the clues if you would go back and reread what I wrote………….respectfully j

J, first, I didn’t ask you, I asked HH how he can reconcile……
not 1 independent thought did he respond with.
Only literature and religious rhetoric, I asked simply how he (HH) reconciles….

All he has done is shown me he doesn’t have his own opinions, only his religion, or, what he is told to think, but not his own thinking.

This has gotten silly J, lets drop it, I already stated I made an error in asking.

GREAT GREAT GREAT PERIL.

SUPER HUGE !!!!!!!!!!!!!!

BB……picking a date is like putting a gun to your own head.

Now if we can understand that I will continue. OK : )

LETS GET REAL ..BB… I believe we could be in Armageddon
within a few weeks. Or at the latest Oct. 2015.

I warn you it could happen anytime and its guaranteed due to
NATO in Ukraine.

BB…..NATO can’t occupy Ukraine without a nuclear war.

For damn sakes why is everyone so dumbed down. This board
and everyone out in the real world.

I wrote a whole blog that weekend and nothing has changed
but the crisis is just that much closer to Armageddon.

Prepare yourself BB…emotionally and spiritually.

I WARN YOU !!!!! how many times must I say its getting late too.

Also BB….I predicted this event over a year ago On this board.

NATO occupies Ukraine kiss all your arses good bye.

OK. Oct 2015, I give you the leeway of Oct 31/15

We have a bet?
When it doesn’t happen you quit with the we all gonna die repent or burn BS? if it does I convert?
We have a bet? You believe what your saying or not?

NO MAN KNOWS THE TIME……………

IF , it was that simple, everyone would sin until that time, then repent……

BB…..I’m also highly educated in legalities.

That’s an illegal wager. Just so you know.

We will not participate in such activities. OK.

LOL, I thought so, J you even use a saying from your books,
OK, HH, you don’t actualy believe what your saying and You don’t want the embarrassment of having the world understand its all BS.
Fair enough.
No bet then, but don’t say I didn’t give you the opportunity to put up or (the part you don’t like) shut up.

Heck, you could have even had a converted soul, imagine the bonus points.

No offese intended anywhere, to each his own and all.
I hope the best for you HH
Im sure it will all work out for you.

bb….I use sayings……..because we are not to add nor subtract from the written word.

Thats OK…BB

I deserve some abuse. I don’t keep score but maybe I do
owe you a few. I think you enjoy the interaction.

Sign we are getting old..BB…

Charter membership in …OLD GUYS RULE CLUB.

Nothin fancy BB…no pins to wear or certificates.

Just a head bangin time.

thanks HH………I know enough to be dangerous…..there are a lot of sharp guys on this site, including you and Marc.

Jerry, you hang out with me long enough you will become dangerous.

Maybe even terrifying : )

remember even Paul only had one , who stuck with him until the end.

Jerry, today is no different.

All you have is traitors and no loyalty.

Etc. Etc. Etc. Back bitters …yeeee haaaaa

remember……….when two or more are gathered………..

this reminds me of going to Turkey,and visiting one of the temple ruins…At the temple ruins…. ….the Christians had chiseled into the street markings indicating a meeting spot….On the street any Christian that wanted to talk about anything concerning scripture, they would meet at the sign, and discuss their Christian views or anyone passing by and stood on the sign, could hear scripture from anyone standing on the chiseled sign on the street……. The pagan knew not what the sign indicated, for the sign was only recognized by the Christians….for at that time they were in hostile territory. SO, they would meet and be comforted by each other, and time past on…..as well as the message…and it is the same message today………….

Great comment Jerry.

Everything I ever claimed you are, is true.

You are wise in more ways than the world
and know a lot about a lot of things.

Amen to your message. It holds true today.

Man you are way to kind ..thanks……and AMEN………

Amen to your company. : )

Fellowship is priceless. Especially going into perilous times.

No doubt in my mind. This world is ready for convulsions.

man we are singing to the choir…………………

All the signs are now in. We will know the season be sober and watchful Jesus said.

No, its here. I don’t know the day or hour but we are months away.

1948 changed everything. Ezekeil 38 and 39 predicts this war.

Its about to happen anytime. Armageddon…

Yep…singing to the choir. ..no doubt.

The times we live …few realize what time it really is.

can you play bass fiddle…………………

Thanks Skeeta!

Bird, all your opinions are very much identical to all those who post here.
With the exception of some deviations but still on the same coarse.

That makes you part of the great herd all going in the same direction.

Like I said. ..the herd is always wrong. This board is wrong more often
than not. This time will be no exception. Not only that the majority is
a historical high percentage. 98 percent ?? One big herd of cattle.

Just saw where this posted, that was Birds post I was talking about.

Many thanks bb. All the best to you too.

My “sell gold and buy oil” thesis is holding up really well so far. So its a happy thing even when nobody but you had any faith in the idea from the outset.

Ya, but my oil stock didn’t go up. oh well, I expect to hold it a couple of weeks for drill results.
poe

As I said, I am wrestling with Armstrongs opinion that everything moves together.
From what Ive seen he is right, other than spikes here and there by specific companies, which he mentions actually.
This oil stock kinda was just more evidence of that, even with oil moving up.
I am starting to see more projections for even lower gold, well, lower everything actually. other than independent stocks here and there.
Maybe we are witnessing a deflation, some people will say …”duh” of course.

You say homework. You’re going to need a lot more than that.

You don’t even understand who your opponent is. Definitely
not what you think and apparently way over your head.

Your hopeless. How can you assume you can beat such corrupt
circumstances and events in the near and distant future.

You got to be kidding. You can type up a book filled with impressive
content but it’s not taking me in.

You actually believe the world is not changing for the very worst
and these thugs running things will allow you to profit.

Your defeated before you are even off the run way. Think its tough
now. You won’t stand a chance in 6 months from now.

You will be dumbed down. That’s the plan. NWO. plans.

No one is factoring in lawlessness that will increase 100 fold.

Get out your history books Bird.

Instead of referring to the last several hundred years.

Go back 500 years. Thats the new paradigm. For many reasons.

Those are the times we are entering and much worse.

But the herd insists we will overcome these disparities and recover
like we always have. Not going to happen.

Bird, unfortunately you are just part of the herd.

Anything optimistic right now is judgment that is completely
misplaced.

Tough times have arrived but far worse than imaginable.

Progessively going to increase dramatically.

Surprised you have overlooked the reality of things to come.

BM I agree with you. If HH carries on much longer I shall blow a fuse! A

Thanks Reverend. You know, he is blocked most of the time but for some reason the guys here let his posts through periodically to jazz up the site. Not sure why. He is not really even a Christian as far as I can tell (despite all the Christian rhetoric he spews). Nobody I know talks or behaves like him except those trying to get attention and create distractions. Mention it to Al maybe…..

Andrew (REV), I agree with you completely.

That gastly persona cannot exit this site soon enough in my opinion.

The only solution to it is…………………………….please do not feed it!

Peace REV.

V

The agnostics just keep scoffing and no nothing else.

The truth offends this little world that surrounds them
in a forum bubble. Like this is all you have.

Is that it. lol ..nothing better to do. But feed
off the world that is controlled by satan the
father of all lies.

Don’t worry I know the company here. Enjoy the
world while you still can before it gets real hot.

The rest of you. Who’s that Bird. You.. Andrew and V.

YOUR NOT EVERYONE. Who do you think you are.

You lost the debate and now upset. It was a debate.

Thats all. Thats what forums do.

Bird,

I get the impression that the board generally really does not want to rock the boat with this situation. Thats why I’ve kept quite on the matter.

I’m all for one speaking their mind, even if that person is unpopular, but this is getting really old.

Most of the daily tirade’s are just complele and utter nonsense. Seriously the shock value of the world is coming to an end ran its course a while back.

We all already understand that the world is not perfect and needs fixing, thats why most of us are here to begin with.

V

Likewise, I generally support freedom of speech. And yet….there is a limit to my patience and maybe the board is being taken advantage of for a single repetitious viewpoint that seems to just be a circular confusion of noise.

Who are you to judge that nuclear war is not a threat.

It certainly is. You people seem so complacent its highly
likely. If you were concerned there wouldn’t be any danger.

What scares me is you believe everything will be safe and
nothing to fear. Great contrary indicator.

Armageddon doesn’t scare me its the complacency of people
thats frightening. They predict outcomes but ignore the signs.

I debated the subject and no one wants to discuss it anymore.

That’s fine but after the debate I had you walk away upset.

Lets face it, its unthinkable but the threat is real. Total denial.

You people just don’t know anything and don’t want to know either.

The truth hurts. It must, you get upset. Like I said total denial.

BB….Bird….I don’t disrespect him.

Right now he has nothing to do with this.

Bird, we had a debate and you got upset.

I was fine with it. No big deal.

Your judgment for optimism is misplaced.

I can’t agree with you. You need to accept it.

When west Germany took over east and paid heavy price, Germans had no problem. They even voted a East German their chancellor. We should see the difference. Being one country is love and commitment. You can not have best of both world.

I will have a busy day. Sorry no more responses.

Learn your history my friend. Canada was once made up of regions that thought they were separate countries too. The disparities, languages, cultures and political differences could not have been greater. And yet despite those differences all the provinces were brought into Confederation one by one. Please read the article I am linking for a primer on the subject. And while you do that I want you to consider that there were forces during those times where the idea of nationhood was threatened by French intransigence, British domination, threats of annexation by the Americans, social unrest and divisive political splits between rivaling classes of the mixes of people and their allegiances to homelands and cultural /political views. That is not to even touch on the question of how Native Canadians fit into the equation. And they had indeed become a force to reckon with during the latter stages of country building. The Chinese were there then too Lawrence. So were the Japanese. And they all played a role in how the country was ultimately formed……so no friend…..this is not a trick. It is history and it is what makes your adopted country great.

Confederation, The Case For a Country. —– The Canadian encyclopedia
http://www.thecanadianencyclopedia.ca/en/article/confederation/

Agree totally. Country either are born with crisis or because of conquest. History is not what I am lacking. I know well how Canada was formed.

Hope you are not suggesting Germans and Greece are making a country. Otherwise there is no comparison

Yes Lawrence, I am indeed suggesting that the Euro project is ultimately about creating much more than just a common currency and a body of regulations that all parties live under. It will never be Canada or the USA of course and we don’t expect them to form a true “United States of Europe” but I do think that in time the various countries will come under a better fiscal and sharing structure if the idea of unity is to survive. It really all comes down to the force of will of those who would be part of the union but are at a disadvantage. Their needs come ahead of the demands of the wealthier states. But the leadership of Germany above all must now come to the fore because the track they are now on will otherwise lead to the impoverishment of everyone in the group.

And I would encourage you to at least consider refraining from pretending that you know what you’re talking about. It’s embarrassing. While you’re at it, you can stop putting words in people’s mouths and coming to conclusions based on your assumptions.

But I do know what I am talking about my friend…….You, not so much.

Behold 1203 gold my friend….and you said it would not happen! Where is your 1550 now?

This one is just for you buddy. The Surfaris from 1963 …….WIPE OUT!!!
https://www.youtube.com/watch?v=TsjcyKQpMKk

I did not say that it would NOT happen. That’s the kind thing you do. I know better than that.

No, you don’t know better. I have taken the trouble incidentally to copy and record your charts and graphs with all the up-sloping lines and optimistic forecasts for gold. So you see Matthew….two can play this copy-paste game. And soon enough I am going to unleash all your bullish crap back on you and teach you a lesson that everyone here will understand with clarity. Your judgement of gold ain’t worth snot.

Did you also copy the post in which LPG was a seller above 1300 and I said that he was acting professionally and that I hoped people were paying attention? Further, did it ever register with you that I am always buying weakness and selling strength? I’ve been mostly a buyer for the last week and am happy about it.
I almost never recommend buying after a rally or into strength even if I am of the opinion that something is heading higher.

You are completely illiterate when it comes to charts but that doesn’t stop you from pontificating, does it?

You have been buying into losses for the past three years since we first met online and gold went through a massive puke in declines. I cannot believe you are still solvent. Maybe your wife subsidizes your playtime.

Just admit it Matthew….you got beat again (for the fourth weekend in a row). Give the Bird a stroke because he was right and made a good call. You are really so arrogant sometimes.

🙂 🙂 🙂

I told you elsewhere that I’ve been mostly buyer for the last week (miners!). Are you trying to change the subject?

Getting back on track, Mises was also 100% correct when he asserted that: “The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.”

Not that it would bother someone like you to “acquire by force.”

You are always full of quotes from famous people….but there is precious little content from you. We all notice it Matty. You cover your inconsistencies and weaknesses by relying on the words of others to paper over the obvious deficiencies. No problem man. Just so you know though….people here see that you come up with nothing on days like today as you cloak yourself in the words of others more bright and more famous than yourself.

What a vacuous comment. At least it’s about one-tenth the length of your others.

I am trying to keep it simple just for you…kisses!!

😉 …… 😉 …… 😉 winky eyes for you!

Then can you explain today’s drop?

Sorry, I am speaking of silver as I don’t care much about gold anyway.

BM is clearly in one of his Manic Meltdown Modes when he brings up my wife or refers to gold investors as retards.
Thanks to this footage from one of my contacts, we now know what kind of bird the Birdman is.
https://www.youtube.com/watch?v=IfX08j69oZI

HH You’re WAY too kind! Blessings as always, A

You to Andrew. Thanks for offering the love to everyone on this forum.

I think Big AL ..is a great mentor as the good example here too.

Well, he really is The God Father here in this family Forum.

Have a blessed day !!!! : )

Ha Ha! Funny stuff you talking about wattage. Ha Ha Ha!!! 🙂

You should offer some evidence of what you are claiming CFS. I am not going to say you are a liar but if you make accusations like you are making then maybe offer something of substance to back it up. A YouTube video perhaps….a collection of quotes from newspapers….a link to a scholarly article.

Please don’t just do the the usual blah blah blah. that is merely hot air. And hot air is also what comes out of peoples asses.

I see smoke from you Bird.

A burning out old flame.

Wrap your mind around Armageddon.

Lets get this over with. Armageddon is real.

Capitulate….

Funny stuff right there!

That you talking? Or is it a quote?

Please use quotation marks next time! 🙂

Here is your “funny stuff” by the way….just to prove to everyone that virtually everything you write is actually some other persons work. What a joke you have become, copy boy. Not an original thought in your head. Sorry to have to say it. All dead air space between the ears.

Now that’s funny stuff right there…
https://mandrellmadness.wordpress.com/now-thats-funny-stuff-right-there/

And like I said, you do not post any of your own actions (with the exception of one when you claimed to have gotten short gold and then it rallied to 1308 immediately afterward!). Luckily for your wallet, I don’t believe you really made that bet either!

Cute Matthew. I put my numbers up weeks ago and you still can’t accept them even after I have been proven 100% correct in the assessment. Your stupidity is beyond redemption.

So you’ve flip-flopped yet again. Are we going to 968 after all?

That’s good CFS. Glad your okay. Good laugh too. Elephants skin !!!!

Come on CFS, I only asked you to back up what you wrote. You are a scholar and an educated person. Make the effort because everyone who reads these remarks is waiting for you to come through with the goods…..otherwise just apologize and move on. We can all accept when another person is wrong becasuse we have all had that experience.

So no big deal if you just come clean and admit you have nothing.

Birdman, if you don’t understand why Marxism does not work, I do not have the time to try to explain.
Neither is it so much a question of economics, but rather a question of psychological motivation of what drives a person to strive for greater achievements at the expense of loss of free time, etc.
The carrot of reward for effort has always proven more productive than the stick of compulsion or the “pie in the sky” reward of helping humanity.
Free market capitalism is better than societal compulsion Marxism.
e.g. South Korea vs. N. Korea

Present China vs. Mao’s China
Russia vs. Soviet Union.
Etc.

You might want to cut the mercury from your diet. My response had nothing to do with bragging since the board’s resident psychopath said I “screwed up royally” and should eat my losses.