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smr4u, If you haven't already listened and have a few minutes, I highly recommend listening to this 40 minute podcast I posted a few days ago, Karl touches on the Medicare aspect as well. Post# 42174
Medicare will be insolvent within two years, and the way it is structured leaves no way out, there will be no dollars left for anything else after filling that hole.
Although I completely agree with that projection, that is 2025 at current rate. IMO our nation's financial system doesn't even have that long.
Senate Passes $1.9 Trillion Stimulus Package
So, I guess that means gold tanks on Monday.
"46 billion for testing and tracing." Bwa, ha, ha, ha !!!
Over 450 billion to blue states that intentionally destroyed their economies on bogus science.
https://www.zerohedge.com/markets/senate-passes-19-trillion-stimulus-package
No worries, it will be quietly bailed out at taxpayers expense and all the malfeasance will be buried by the media and authorities. After a name change, business as usual will be restored shortly.
The number of $10-$25 gold smackdowns every day all day is just astounding.
I've never seen the dollar and the 10 Year T climb so fast from a bottom, either the fed has lost control, something big is afoot or both. The fed chair actually said yesterday that an inflation spike was inevitable after years of repeatedly downplaying any and all inflation concerns, I was stunned! PM's at this point are being surprisingly resilient.
Gold, The Dollar, 10 Year T, Money Creation, Deficits, Hyperinflation, Deflation and where we are at, all touched on, great 40 minute listen.
Karl Denninger at the 12 minute mark:
https://retirementlifestyleadvocates.com/podcast/episode/2021-02-28-retirement-lifestyle-advocates-radio-w-karl-denninger
Gold taking off again today right at the London close, directly after the low of the morning, very suspicious.
Silver just dumped to 25.79, absolutely criminal!
Maybe those that mock are actually in on it in some way, one never knows with the anonymity of the internet.
I always get a kick out of uninformed "self professed experts" that mock others by saying there is no manipulation in PM's or anywhere else for that matter, when there are these daily multi-billion dollar waterfall smackdowns with no consideration for best price.
Your last post brings to mind these words of wisdom:
"It is better to be silent and be thought a fool, than to open your mouth and remove all doubt."
Quit twisting things around, muddying the waters with suppositions, the point is that it needs to be fair, balanced and non-biased, with no censorship or obfuscation by omission, they way our founders intended when they Constitutionally protected the free press.
Yep, more ignorance and apathy on display even from most conservatives....it's f***king everywhere, I'm sooo tired of it. This is what happens when the mainstream media (one of our a checks and balances) is subverted to the left and the rule of law devolves into a two tier legal system where the politicians and elites are no longer held to account.
Gold Catching a Bid Tonight As Australia CB Increases Bond Buying.
The rest of the world soon to follow in efforts to rein in the steepening yield curve (YCC).
Futures Soar, Yields Plunge After RBA Panics And Buys Double The Amount Of Bonds In Daily QE
On Thursday we reported that just three weeks after Australia's central bank announced on Feb 1 an extension to its QE program by a further A$100 billion (when it also said it doesn’t expect to increase interest rates until 2024) in the pursuit of the central bank's yield curve control (as a reminder Governor Philip Lowe had previously set the three-year yield target at 0.10%) that same day the RBA purchased a whopping (for Australia) A$3BN in three-year government bonds in the secondary market on Thursday – triple the amount it bought on Monday and the most since the bond market turbulence during the COVID-19 panic last March.
Unfortunately, the RBA's scramble to preserve both the Yield Curve Control target of 0.10% on the 3Y, and its credibility, fell short as "only" A$3BN proved insufficient and 3Y Australian bond rose to 0.13%, 3bps above the maximum YCC barrier (and the highest since December) which is why we said "Australia's Yield Curve Control Is On The Verge Of Collapse."
So fast forward to Monday morning when after the latest round of fireworks, the Aussie 10Y had blown out to 1.92% and threatened to unravel the local bond market.That's when the RBA officially panicked, and took emergency steps to show markets who's boss, by announcing an even bigger increase in bond purchases, aimed at the longer-term debt and in hopes of keeping the YCC dream alive.
Specifically, the RBA said it is buying A$4BN of longer-dated bonds, twice the usual amount. This was the first time since officials introduced the debt purchase program Nov. 3 that they bought more than the planned amount outlined by Governor Lowe, and follows the bank's unscheduled A$3 billion bond purchase operation Friday to defend its three-year yield target, which however also failed to stabilize the rout.
In knee-jerk response, 10Y Aussie yields - which we already down for the day - tumbled much as 32bps.
At the same time, amid expectations of even more coordinated central bank intervention, treasury futures were rising, with the 10Y yield down to 1.38% after hitting 1.61% on Thursday...
... and the closely watched 5Y yield tumbling...
... along with sliding yields in New Zealand and Japan.
And with the rout in bonds now seemingly under control, risk assets were heavily bid with Nasdaq futures up 1% in early trading...
... and with stocks seemingly set for a sharp reversal to Friday's rout and preparing to blast off in Monday's session.
Or, as BofA CIO Michael Hartnett is so fond of saying, “markets stop panicking when policy makers panic." As a reminder, Fed Chair Powell and several other U.S. central bankers are scheduled to speak this week, while the RBA has its monthly meeting tomorrow. And with BofA expecting the Fed to address markets "as soon as this week", there is no telling how high stocks can soar in the coming days as central bank panic goes to 11...
https://www.zerohedge.com/markets/futures-soars-yields-plunge-after-rba-panics-and-buys-double-amount-bonds-daily-qe
Our Government And Medical System, Murderous Pricks*
Go ahead, keep getting all your "facts", err propaganda, from social/mainstream media ant the TV, this is where that got us.
https://market-ticker.org/akcs-www?post=241685
For those still in the dark.
This article, plus comments including additional links, reasonably verifies what I've been saying for almost a year now, will anyone here or anywhere else listen to the evidence....probably not.
Is This Why "New COVID Cases" Are Crashing?
The scary red numbers are all going down. Check any newspaper or covid tracking website you want. Cases. Deaths. Hospitalisations. They’re all going down, sharply, and have been for weeks, especially in the US and UK.
https://www.telegraph.co.uk/global-health/science-and-disease/coronavirus-cases-falling-globally-big-question/
So, why would that be?
Pundits across the media world have made suggestions – from vaccines to lockdowns – but there’s only one that makes any real sense.
IT’S NOT VACCINES
The assumption most people would make, and would be encouraged to make by the talking heads and media experts, is that the various “vaccines” have taken effect and stopped the spread of the “virus”.
Is this the case? No, no it’s not.
The decline started in mid-January, far too early for any vaccination program to have any effect. Many experts said as much:
Dr. Wafaa El-Sadr, professor of epidemiology and medicine at Columbia University’s Mailman School of Public Health, said the falling case numbers can’t be attributed to the COVID-19 vaccine, because not even a tenth of the population has been vaccinated, according to the CDC.
https://www.usatoday.com/story/news/health/2021/02/06/us-covid-cases-falling-but-its-not-vaccine-yet-experts-say/4401778001/
Further, the drop is happening simultaneously in different countries all around the world, and not every country is vaccinating at the same rate or even using the same vaccine. So no, the “vaccines” are not causing the drop.
IT’S NOT LOCKDOWN EITHER
Another suspect is the lockdown, with blaring propaganda stating that all the various government-imposed house arrests and “distancing” measures have finally had an impact.
https://www.thescottishsun.co.uk/news/6699915/covid-cases-fall-two-thirds-since-january/
That’s not it either.
Sweden, famously, never locked down at all. Yet their “cases” and “Covid related deaths” have been dropping exactly in parallel with the UK:
Clearly, if countries that never locked down are also seeing declines in case numbers, the lockdown cannot be causing them.
So what is?
THE WHO PCR TEST GUIDELINES
Maybe for our answer, we should look at the date the decline started.
The global decline in “Covid deaths” starts in mid-to-late January.
What else happened around that time?
Well, on January 13th the WHO published a memo regarding the problem of asymptomatic cases being discovered by PCR tests, and suggesting any asymptomatic positive tests be repeated.
https://www.who.int/news/item/20-01-2021-who-information-notice-for-ivd-users-2020-05
This followed up their previous memo, instructing labs around the world to use lower cycle thresholds (CT values) for PCR tests, as values over 35 could produce false positives.
https://web.archive.org/web/20210120083427/https://www.who.int/news/item/14-12-2020-who-information-notice-for-ivd-users
Essentially, in two memos the WHO ensured future testing would be less likely to produce false positives and made it much harder to be labelled an “asymptomatic case”.
In short, logic would suggest we’re not in fact seeing a “decline in Covid cases” or a “decrease in Covid deaths” at all.
What we’re seeing is a decline in perfectly healthy people being labelled “covid cases” based on a false positive from an unreliable testing process. And we’re seeing fewer people dying of pneumonia, cancer or other disease have “Covid19” added to their death certificate based on testing criteria designed to inflate the pandemic.
Just as we at OffG predicted would happen the moment the memo was published.
https://off-guardian.org/2020/12/18/who-finally-admits-pcr-tests-create-false-positives/
https://www.zerohedge.com/covid-19/why-new-covid-cases-are-crashing
Whither Gold?
Money printing galore, dollar in the tank, everything rallying, except Gold. What gives?
https://www.zerohedge.com/markets/whither-gold
Our taxpayer funded oversight authorities have become nothing more than "pay to play" recipients.
Appreciate that Gio!
Alta is right next door, I skied there quite often as well, I think they were about $2 cheaper, when saving a couple dollars made a difference, especially on a military budget of $114 per week.
I hear ya, a Snowbird lift ticket was $7 the last time I skied there and gas was .58/gal.
Quite the contrary, I see conservatives still being the overwhelming majority in this country, it only appears to be the opposite due to the censorship in the MSM/big tech media and the populous afraid to speak up, we here at M+M alone know where we all stand ie; cork, giovanni, srm4u, rmepilot etc, you need not look any further than the progress of the COS happening in this country, hardly a lone wolf.
https://conventionofstates.com/
I was stationed at Hill AFB for 4 years in the 70's, my niece now lives in Salt Lake City, I loved the skiing, weather and countryside, still would love it, haven't been back since, so maybe I'll revisit the idea and check it out.
srm4u, do you reside in Utah?
It is, and 8 years of O'bummer along with California Governors Brown/Newsom and social media have accelerated the spread, I'm seriously considering relocating to ultra conservative western South Dakota once my Mother passes.
Yep, Texas has become unrecognizable from the great republic it once was just 10 years ago.
Since PM's are being slammed once again and nothing good worth noting is happening in the PM mining sector, I thought I would fill the void and post something current in regards to the coal mining sector's ongoing destruction and the unintended (or intended) consequences from the virtue signaling woke crowd.
So You Want Green Energy Eh?
You're nuts.
The Bidens and AOCs of the world are literally going to kill you.
You're seeing it right here and now across the nation, including in Texas.
Texas, like so many other areas, has put up windmills and solar "farms" for the last 20 years, shutting down older coal-fired plants and not modernizing and improving their "fossil fuel" energy production infrastructure. At the same time on a national basis the natural gas pipeline operators, in service to the woke green mob, have replaced fuel-fired pumps (that run on the gas in the pipe, therefore are failsafe so long as the pipe has something in it and is intact) with electrically powered booster pumps.
I remind you that natural gas does not freeze at other than cryogenic temperatures and as such the problem is not the gas freezing and as for machinery you have plenty of heat source in the pipe.
Winter in the south is when nuclear plants are typically taken down for maintenance as well -- since it's the middle of summer when the A/C is blasting away. But those NatGas peaking plants and coal-fired base load infrastructure, well.... it's not green enough, so let's turn that stuff off and rely on the windmills and solar panels -- and hope it doesn't get destabilized.
Of course the "Globull Warming" screamfest folks always and forever have prognosticated that it will forever get warmer, that wind levels will rise forever and thus both solar panels and wind will forevermore continue to yield more and more useful energy.
All of that got blown up this week.
Texas is seeing wind chills in negative (Fahrenheit) numbers along with single digit or below temperatures. That plus moisture = ice, and windmill blades are wings and not only suffer the same problem an airplane wing does when it gets loaded in addition they go out of balance and thus the windmill has to be shut down lest it destroy itself. At the same time ice and snow cover solar panels and reduce their output to an effective zero.
The problem with the power grid is that in the event you demand more of it than can be delivered it becomes unstable due to a number of factors including, in the case of A/C transmission, phase sag. If expected resources are not available -- such as when your wind turbines ice up -- then you have no alternative but to shed load (turn off people's power intentionally) because if you don't you will get an uncontrolled collapse and possible severe equipment damage. Further most nuclear plants cannot quickly load-follow -- if you need more power quickly you better have something else, and if a bunch of load drops off rapidly you better have some other generation source you can shut down. Go outside the operating parameters and a nuke plant will "trip" and if they do most of them cannot immediately restart due to a phenomena called "xenon poisoning"; if the fuel has some age on it you must wait until that bleeds off because the core does not have enough reactivity to go critical until it does, which can take a couple of days or even more.
That's exactly what happened.
So now we have literal third-world conditions in Texas -- rolling blackouts and shutdowns of indeterminate duration in the middle of a winter storm with life-threatening temperatures that preclude people from keeping their homes and business warm which brings into play not only severe property damage (e.g. frozen pipes, etc) but also the potential for death.
Germany is getting hammered with this too but unlike our nation they kept their coal-fired plants in place even though they were not operating. Their "renewables" are also worthless in the snow and ice but because they have the other infrastructure they still have it and are using it. Unfortunately the price of this is that their power cost is the highest in the EU and triple that of many areas of the United States and other EU nations; their residential power price has doubled since going "green" because they are paying to keep maintained, available and ready to produce generating capacity that is intentionally turned off. I suppose that beats "lights out and you die" in times of cold weather but in the US it would not matter because a huge percentage of our population could not afford the bill at double or triple today's cost and thus would freeze to death in the winter anyway.
Beware America. I've warned of this for over a decade; so-called "green energy" is not reliable and cannot be counted on for base load nor reliable load-following and as such you have two options if you go down that road -- (1) accept that when you need it you may not have it or (2) pay for the redundancy whether you use it or not, which means being able to cover the entirety of the shortfall which will always come at the worst possible time and at the highest possible level of demand. Texas did not provide for that capacity to be available and thus could not cover the shortfall.
The second choice -- making sure that redundant supply is there -- doubles your power bill and the first choice kills people and renders your region a third-world nation under adverse circumstances you can neither predict or control.
There are solutions but they require getting that damned "Green" garbage out of your head and paying attention to physics. We had a path forward on this in the 1960s and deliberately shelved it because it was not useful to the military. We could bring that back and finish the engineering work on it -- but not in a year, three or ten. If we start now we might be able to begin coming online with it in 10 years, and be permanently independent of outside resource in 20 or 30.
Maybe.
But if we instead go down the alleged "green" path what we will have is repeated and annual instances of what Texas and other parts of the nation are experiencing right now and it will kill people in large numbers along with doing critical economic damage and devastating those who are in the lower income brackets.
THAT, my friends is Joe Biden's vision for America.
https://market-ticker.org/akcs-www?post=241603
I saved this 4u:
https://market-ticker.org/akcs-www?post=241581
What a gift that was for NAK holders that were smart enough to get out at the highs.
From what I've read, novice traders were mistaking NAK for heavily shorted NAKD during the Reddit runup and continue to do so to this day. At the peak of the Reddit short squeeze NAK was run up from .45 to 1.09, I think some shorts are still covering, but Monday she'll drop back down for sure.
https://www.reddit.com/r/NAKDstock/comments/lj4uhq/nakd_it_appears_nakd_has_made_it_to_the_short/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
So now it is time to persecute/indict all the traitors, conspirators and turncoats who over the past 4 years trashed our Nation in front of the world and wasted hundreds of millions of taxpayer dollars on these never ending shams, committing countless instances of fraud using falsified documents and lies at the highest levels.
WHERE ARE THE HANDCUFFS AND PERP WALKS????
THEIR HEADS ON PIKES IS TO GOOD FOR THEM!!!
In that case, COS will number 48.
With another 10 months of the o'biden administration we'll probably have 44 states onboard the COS.
I concur 100%, actually the bottom portion looks like something I posted last year. Karl Denninger is a no BS kind of guy that backs up everything he writes, I posted something of his earlier today you may want to check out.
How do you figure we will get another 19 this year, that is a lot to hope for isn't it? It seems like it is a much slower process than that.
On another note, if all goes well, it looks like Montana will be the 16th state joining the COS, it's now on the docket for an upcoming vote.
Comical is a better word, did you catch my post from yesterday?
I appreciate your input, but you are citing mainstream media sources for your argument, IMO there lies the problem, Fauci was correct with his first recommendation until it became politicized. I prefer using an unbiased source (and there are plenty of them) including the decades of proven science behind why masks are ineffective.
https://www.aier.org/article/masking-a-careful-review-of-the-evidence/