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Agreed trying to sell bullion to Americans is like asking the prom queen to be your date the day of the dance.
Half the global mining production is un-profitabe. Price Asset dislocation and market backwardation has made this a losing proposition for most new participants
Yup
And Obama dismantled the F-22 because it was too expensive and too much plane for the pilot.
Highly unlikely but if rates do move up they will be short lived and followed up by a final round of monetary stimulus.
The the USD will truly be done
Is Turkey Trying to Distract the World From its Debt Crisis Shooting Down a Russian Plane?
Posted on November 24, 2015 by Martin Armstrong
There is something not quite right about this entire incident of Turkey shooting down the Russian fighter jet and then attacking the rescue helicopter. Sorry, but Turkey is way out of line when they KNEW that Russia had no intention of attacking Turkey. A argument that Turkey will defend its borders implies there is a threat to Turkey, not simply a drive-by. There was plainly no reason for Turkey to take such action. They assume they are a NATO member and thus Russia cannot fire back without starting World War III. This is a totally reckless incident and unimaginable conduct of Turkey under these conditions when they clearly knew they were NOT under attack from Russia no less a single fighter jet.
Even if it were true that the Russian jet strayed into Turkish airspace, at best there should have been a scramble of jets to “protect” its airspace without provoking war. This has been standard operational procedures between USA and Russia for years. It is not some coincidence that a Turkish film crew captured the incident. They were most likely tipped off to be at the right place at the right time.
This entire incident raises serious questions if the economic conditions in Turkey, being on the brink of a economic meltdown, did not deliberately try to provoke war to distract the world from its debt crisis. Turkey is being watched for many see it as the FIRST domino to fall in the Emerging Market Debt Crisis. This raises many, many serious questions about the motive behind this entire incident.
What is truly astonishing is that in a letter to the U.N. Security Council, Turkey openly stated that it had shot down the jet while in Turkish air space. It then even admits it also shot a second plane on a rescue mission – the helicopter as if that was some major threat. These actions make it appear that Turkey is praying for war because its government could collapse with its debt.
An armoured police vehicle drives through a barricade on fire during a demonstration in Istanbul
Putin rightfully said “We will never tolerate such crimes like the one committed today.” What Turkey did was unimaginable and the entire incident appears to create a diversion from its pending economic meltdown. There have been major demonstrations against government corruption in Turkey for the past few years.
NATO has called for Turkey and Russia to show restraint, the alliance’s Secretary-General Jens Stoltenberg said, “we stand in solidarity with Turkey and support the territorial integrity of our NATO ally”. This is reminiscent of precisely how World War I began because of treaties. Then Obama also said similar confrontations could be avoided if Russia stopped attacking “moderate” Syrian rebels who are battling forces loyal to the government of President Bashar al-Assad.
Obama is way out of line here for the US is totally responsible for ISIS since they funded these people to try to overthrow Assad in Syria. All of this for a pipeline to compete with Russia to get gas from Saudi Arabia to Europe. World leaders are full of shit and pretend this is about a dictator when in fact the overthrow of Syria was precisely what ISIS wanted. This mess lies squarely in the hands of the Obama Administration and then to have the audacity to pretend Turkey had a right to defend its airspace when not being attacked is just too much. These people NEED war to distract everyone from the Sovereign Debt Crisis that is causing the collapse of governments for a system of borrowing year after year with ABSOLUTELY no intention of ever paying any debt off.
The Japanese attacked Pearl Harbor. That was a viable attack. One plane flying close to the border and claiming it was 1km in your airspace giving you the right to shoot down a Russian plane is pure insanity. The fact that a film crew was there makes this seem to have been a deliberate act to cover up the economic meltdown of Turkey.
http://www.armstrongeconomics.com/archives/39792
Of course it will be renamed to something like TBTC
"Too Big Too Count"
As long as America is sending its gold to the Asians there will be no legitimate spot price. Not until all the available phyzzz is in stronger hands and of the west.
Then the USD's can come home
If it hasn't been filed it needs to be or they risk losing their reporting status.
When a qtr tick of interest roughly equals a half trillion more dollars to service that debt I don't think the Fed is eager to pull that trigger again. Care to take a guess at what the mathematical equivalent of the late 70s hike would be today?
It's quite a bit more than the qtr tick being proposed today.
One would think right?
Yup sooner being the operative word per the CEO. I will trade the SpY index if I want to accumulate USDs but with Banro I am here for the long run. USDs like all fiat have a back end erosion problem with its purchasing power
100 years can wipe out a currency underneath the noses its own citizens. BAA
Lefty? Everything ok?
Its possible $UPERMAN and if it does it will likely happen in good old fashioned SLV order. Overnight when it's well past most American's witching hour. What little phyz is available for delivery will be bought up by the large Asian buyers imo
Maybe time to breakout the Little Orphan Annie decoder rings?
That would be a bingo Bert hope all is well!!
That would interfere and possibly stifle this epic bloviating we have seen to date. Good money says its business as usual tomorrow.
BAA
Not to mention the production quality of the video. It's likely standard operating procedure for the company but why bother? It's not like WSJ made any effort to bring a balanced argument? I don't know why they released the hit piece. It's a waste of resources if it was done under some fraudulent attempt at "journalism"
Just my honest opinion. BAA
I don't know what to think of Bitcoin but if I were in a developing market I'd be a buyer. The Chinese will soon have some influence over the spot price of gold and silver. I don't know what that means in terms of market price but spot currently discounts the premium in physical metals.
Not to mention the wait times to take delivery
“Gresham’s law, observation in economics that “bad money drives out good.” More exactly, if coins containing metal of different value have the same value as legal tender, the coins composed of the cheaper metal will be used for payment, while those made of more expensive metal will be hoarded or exported and thus tend to disappear from circulation. Sir Thomas Gresham, financial agent of Queen Elizabeth I, was not the first to recognize this monetary principle, but his elucidation of it in 1558 prompted the economist H.D. Macleod to suggest the term Gresham’s law in the 19th century.” (Encyclopedia Britannica)
Historically every currency to date has died and the USD will not be an exception. You hoard prices of paper thinking your rich but economic law says differently. You don't have to believe me just look at three thousand years of monetary history. Folks have learned (sometimes the hard way) that gold is finite and is the accounting measure for all currencies not to mention a place to protect wealth from back end inflation due to bad monetary policy
Do an image search on "USD yield purchasing power" it explains everything. GLTY chasing worthless pieces of paper you may just end up with the most
Your assessment discounts the global demand for gold bullion but it is consistent with the West's naive optics and understanding of the yellow metal itself
I am wondering if someone is taking delivery of the actual metal. Not everyone can but there are large holders that are both "eligible and entitled"
I didn't see anything about "free wifi or haters" so it's probably a wise move for the U.S. Nobody will know how to do this in a few years anyway and at least this way the Asians can begin building equity out of the industry practice
Don't worry Bert pretty soon the U.S. Is going to have the most modern and lethal Politically Correct "Online" Military Fighting Force ever. It won't do squat in the reality but it will shame someone or something with the best of em via social media
It's the best we get when the our is President constantly subordinates to Russia and China.
No but I enjoy the conversation while knowing there are those that will need those shares to square their trades.
BAA
My lowest buy of BAA was at .14 and I'd like to pick up some more. Do you think there will be enough shares? Maybe I will set multiple buy orders just in case there's too much buying pressure at that level
"In a buyout nobody pays full price and the common share holders usually get screwed"
Times are changing the Petro Dollar ain't what it used to be
Maybe currency?
A JV would be a strong move for Banro lets see if these guys can make a deal. Lots of moving parts and very tricky but it can be extremely lucrative for BAA shareholders if they can make it happen.
Lots of eyes on the DRC
It's a great interview indeed. I'm accumulating shares of his new company
It's also the erosion of the USDs Yield Purchasing Power. Just google the term and do an image search and its self explanatory . There's a reason average families could raise children and pay a mortgage on one salary but the 50s and 60s are long gone and today families borrow just to keep there head above water
Like a leveraged ETF the dollar too is programmed to go to zero.
So all it took was some bubble gum and a gratuitous reach around from the Chinese to get this done?
Here's to Hope and Change
Meant the live streaming data
I feel ridiculous for supporting this garbage application known as Ihub. It used to be better imo and the live data is becoming less and less useful when compared to other options. Slow and buggy at best
BAA
I agree but at the end of the day everything must be run through legal first.
You were right it ended up being PR worthy
Hahaha yup
"not unusual for blackhawks and apaches to be over the house all night long, they just loiter all up and down I5 here at night but not F16's or 18's or anything like that. "
I'm pleased to hear you don't have to deal with fighter planes in your neighborhood. The other day I saw one run out of gas and it made an emergency landing on a metro bus as it cruised in for light repairs and a quick wash.
Lol this is messed up we shouldn't have to deal with any of this unless we live on or near a military base.
That's just it. Since the government demonetized gold in the mid 70s there's been no need to to teach to it as a financial asset in Business Schools. Is it ironic that gold was taken out of the B-School curriculum in the 70s as well?
Whether it it be circumstantial or deliberate it makes no difference the majority of Americans do not own any PMs whatsoever. Mission Accomplished???
Banro has advocates that will get the information out. Another poster mentioned liability and he's correct its better someone else toot their horn. In this case the lawyers will play it by the book imo
http://www.sec.gov/answers/form8k.htm
PRs are typically aligned with regulatory filings. This information while positive does not warrant a filing. Another outlet may pick it up and report on it which is very likely imo. BAA