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This will be the ultimate trade and the best traders won't even be a part of it once it's done. Yes to your point every monetary fiat vehicle or currency ever in existence with the exception of gold and silver has died.
" It will be the ultimate transfer of wealth mankind has ever seen and it's better to be years too early than 5 minutes too late"
~Mike Maloney
That's exactly right and those with the most $USDs can walkpaper their bathrooms until their hearts content. But unfortunately for them not even the blind squirrel will trade its gold and silver for some former wannabe petrodollars with no value whatsoever
These same people tell me today they see no intrinsic value in gold whatsoever. Lol ok
"If your holding your own physical" is the operative phrase imo. Folks trying to buy phyzz with $USDs down the road might be in for a rude awakening
Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will disappear from circulation.
If it's a choice to put money into negative yielding cash or use it as tax to get into a bull market I'd say the answer is quite simple .
Your post reminds me of an old Metallica tune "Creeping Death" :
"So let it be done
I'm sent here by the chosen one
So let it be written
So let it be done
To kill the first born pharaoh son
I'm creeping death"
I also thought your choice of words were rather appropriate considering the global economic landscape
I think the Chinese will end up owning Banro at some point. They spent billions of dollars on infrastructure from east Africa straight into the Congo. I'm pretty sure they didn't do that for a tax break but rather to secure their presence as the largest gold owner in the world for the next 100 years.
Timed right I think they'd be happy to give up a premium in fiat for an African Gold producer like Banro. Just my opinion
Very soon imo nobody will be following these reports other than a handful of traders and someone's bot executed algo. The liquidity is drying up in the equity markets and that likely leaves managed money and retirement.
Both of these groups use a "guy" to manage their money. Once this goes to "cash" I fear they won't be able to get out of those money funds and that's when the equity markets will finally take their last bow
Then it will finally be time to recapitalize the currency on the backs of its citizens. Got gold? Got Silver?
I figured there was no affiliation and I'm with you it speaks volumes of FBs maturity and lack of effort to be taken seriously. Security Analysis has no place on a school yard with a bunch of bed wetting wannabes.
I thought Ihub was bad I should be grateful I don't waste anytime on that ridiculous clown show. BAA
If that person works for or represents Banro in any official capacity then they should be fired or released immediately.
Passing along that kind of information ahead of earnings is a big no no. Even if the person is a moron all the more reason they need to go imo
Amateur Hour
Trump was right the wife wasn't allowed to say anything on stage imo
I agree there's been no wage inflation since the Federal Reserve Act but cost inflation is rampant: Healthcare; Student Loans; equity bonds and housing markets; groceries etc etc etc
I'd say we have about 1% yield purchasing power on the $USD before she goes bust
"Banzhaf said it was the view of “virtually all constitutional professors who have written on the topic” that Khan was wrong.
“First of all, it is legal under current law for the president – by himself, without even getting the consent of Congress – under current law, Title VIII, Section 1182, to prohibit – well, I’ll read it.” He read, “‘Any aliens, or any class of aliens, into the United States would be detrimental to the interests of the U.S.'” Therefore, he said, “He doesn’t have to provide any reason for doing it. If Congress joins him, it makes it even stronger, more likely to be constitutional.”
Maybe Mr. Khan should re-read his Constitution and spend less time lecturing the American people on something he clearly knows nothing about. This is irrespective of his son's sacrifice for our country and the two should not be conflated imo
Indeed
Students are ranked at a lot of these schools vs pass fail. Often the hardest part is being accepted but thankfully "Pocahontas" was able to successfully lie about her Native American background.
Fair enough ;)
Didn't Banro retain a group of engineering consultants a few weeks back? I apologize if I'm beating a dead horse but I don't remember what it was for. Refinancing???
Unless the execs are jumping before a transaction I was not happy to see this either. Like all things this too shall pass imo BAA
Wow maybe the political speak was better after all. Thanks for sharing BAA
That's truly sad
So true my friend and there's a generation of voters that believes it's their God given right to do and get whatever they want whenever they want. How far we have fallen from the greatest generation and a time when most many would have given their last nickel for God and Country
Today it's Pokeman and free wi-fi
Seriously Is there anyone moderating this board? Enough of the political speak there are two boards that warrant this discussion: Economic Collapse and Revolution 2.0 both are entertaining and appropriate.
http://investorshub.advfn.com/boards/terms.aspx
The Coward in Chief has to take his orders from someone and we know he's not listening to the American people. Why not listen to his own people?
Loo that's awesome
I had to look that one up thanks for the new word ;).. Anyway I thought he was very Presidential direct and compassionate toward the American people.
Well the ones that are spare supposed to here anyway
Ditto he crushed it imo
Anyone that is currently not familiar with that app is missing out and in Donald Trump's words "Big League". Even if one dislikes Trump it's an app worth having, For as little as selling out your Rolodex one can have real time data in select commodious, Precious Metals, currencies and global indexes
It's a steal imo. FFMGF
Thank you I will pass it along but she's feisty and opinionated and frankly I happen to agree with her. .30 no chance
Roger that on the syrup and yes AJ and I will both there with bells on for the .30 handle Grand Ball. She will dazzle you with her presence and throw flapjacks at those that step out of line.
GLTY
You have grandma I have Aunt Jemima both are as unsubstantiated as the other. Only one will be right and I put my money on the science and engineering
Btw history tells this story with statistical certainty. If you don't know where to look all you have to do is ask for help and I'm sure someone will point you in the right direction, Five Thousand years is a lot to catch up on fyi
GLTY
Smart money will bet on the gold in the ground before it entertains your .30 pps. That's a fact
I thought the greatest lie ever told was " I am from the Government and I'm here to help"
With a cost average of ~$20 oz they could recapitalize the $USD if those half billion oz's of silver were allowed price discovery. Either way they stand to make $billions +
Read the Ascent of Money and you'll be more informed than 99% of Americans. You can also read the Creature at Jekyll Island if you want learn about the creation of the Federal Reserve
Both should be required reading with every B-School curriculum imo
Exactly
Thanks the video Seeker just posted is good too. Imo Mike Maloney and his site are an excellent source for information education etc for those folks that want to know what's really going on with the $USD
http://www.economicreason.com/usdollarcollapse/world-reserve-currencies-what-happened-during-previous-periods-of-transition/
"The table below shows the transition of each reserve currencies (every 100 years or so) and the events that were carried out during each transition. Every transition was a period of great suffering marked by economic hardships, revolutions, and wars."
It will they all do every one of them with a 100% certainty. History tells the story it always does and there's 5k years of it to support this fact.
Once this Keynesian nut house of an experiment has run its course and its failure is complete a new monetary system will replace this one.
Your friends at the DUST board have said the same thing for months now and well the tape tells the real story now doesn't it. As far as "The GOLD Pig" goes you sound awfully emotional to be trading and your forecast is going to amount to a big zero my friend
But place your bets and dig deep as there's lots of leverage to apply as I have done the same and only one of us will be correct.
The fact that your here and not on a leveraged inverse security speaks volumes. At least your friends on the DUST board have put there money where there mouths are
GL on your short position Shaark. FFMGF
Yes the second will outperform the first imo. The metal is scarce and the market is tiny not to mention everything electronic solar panels mirrors etc all use silver.
Oh and JPM accumulated 500M oz at an average price of $20 oz.
Once the gap closes she will head back up. Pennies at this level are notorious for this kinda stuff. She will head up soon very soon imo
GLTUA