Our Thanksgiving Message
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Contrary to what some folks think, we actually do have an awful lot to be thankful for. In the case of all of us here at KER, we are especially thankful for all of our “family” that listen to what we have to say and provide us with valuable input!
This audio is a rough cut of the first segment of the Weekend Show.
Best to all!
Good thinking LPG
Well stated, LPG — my gut tells me you’ll be right.
Thanks for your input/response Chris.
Best to you,
LPG
I am sure you are right and everything is going right by design. This is what politics for. One question is whether the shale oil and oil sands are to be sacrificed. I guess if this last long enough.
Lawrence,
Personally, I’d tend to think “the US” actually asked KSA (to convince OPEC) to not cut output.
I also asked myself the same question about shale oil and oil sands… and my conclusion is that the big boys are gonna survive it, while the small ones will likely die – as always. So in the long run, the big players will actually be happy as this will purge the playing field and make them “bigger”/more sizeable when prices will go back up.
I think it’s the same reason why large PM companies are accused by some people to be in bed with large banks/institutions to keep the prices of the metals down…IMHO, they are indeed in bed, and they want a purge of the sector as they think they can survive it but many smaller players can’t -> less supply going forward, higher prices in the long run ?
My 2cents.
Best,
LPG
Exactly my thought. There are several motivators to lower the international oil price for now. One is what you said and the other might be causing Putin some headache. In the 80s, the prices was kept low long enough to speed up the disintegration of former USSR. In the late 90s, the price was kept down to get over Asian flu. However, US oil/gas suffered huge losses in the 80s and could not recover for the next 20 years. But cost is justified to defeat USSR. However, this time the loss is much bigger and North America might deviate from the course of energy self reliance.
As Matthew labels fellow Americans, the Sheeple, the Ignorant in masses who by the way have always been ready to serve their country while the likes of CFS can outline all that’s wrong with America as he leaves for another country, fine bugger off!….but don’t piss on those that still believe in a better America. Leave and shut-up!
I’m very thankful the ignorant masses, the sheeple stood their ground on so many issues during the last 100 years not only in America but all around the world defending their homeland instead of leaving and complaining!
Spoken like the little collectivist that you are. Team America! Rah rah! Did you ever use the word “homeland” before 9/11 and FOX? Lol.
America is done thanks to the ignorant masses. If you weren’t one of them, thankful is the last thing you would be. Ignorance really is bliss.
Your ego Matty has no limits, you must be a Us government worker, politician or a law enforcement agent…(most likely a security guard at the local mall)…we the masses, we the ignorant….wow aren’t you F’n special looking down on us mere sheeple blaming all that’s wrong in the US on the ignorant….the same kind that you call “your type” didn’t give up when their country called them to arms….its scum like you that those who lost their lives fighting for a better America was wasted on….make America better, don’t run and point fingers at those you look down upon…..WTF
Scary stupid, jj.
Gentlemen (Matthew and original jj)
Obviously you two have a strong difference of opinion on this issue.
Thanks for your commentary as we addressed it in Segment 6 of the Weekend Show.
I am not American and have no loyalty to US. However, if poeple are not vigilant to the government and masses are obedient to the elites, the country will be lost to a selected few. All monarchy societies have proven it. So I always question whether it is right when government does anything to the country. What you said is truly scary.
Lawerence…Agreed …Reading the above treads , & being Irish & living in the UK & having lived & worked in Germany , Holland , & France & for many years studied what goes on in the US….then sorry JJ…I must agree with Matthew’s point of view.
I’d like to ask all those folks taking up arms to defend our liberty why we are losing so much of it.
cmc, liberty never existed.
A person needs to be asleep to see this “American dream”
All these ideas are solely intended to get people to die for banks and the elite.
jj you’re beginning to remind me of Birdman with your invective.
lol Rev ! Good one !
Hope all’s well.
Best to you,
LPG
Thanks LPG – all’s well., A
Well it works Rev, using the vocabulary of the Sheeple, the Ignorant has one getting labeled very quickly by those who are so righteous….I don’t look down on Americans as sheeple or ignorant….I guess you do?
Ignorance feeds evil. I look down on it wherever it is found, myself included.
I don’t look down on any man who is ignorant from lack of education, real evil is found at the level of highest education, just look at the global politicians, bankers and alike…very well educated but evil towards the sheeple
That kind of evil REQUIRES ignorance in order to survive. Their actions are met with sheeple inaction or worse, help. Did the elite force everyone to embrace debt and deficit spending as a way of life? No. Could the elite carry out their unconstitutional agendas (or the Patriot Act or the NDAA) without the help of the stupid? No. The most successful tyrannies are horizontal, not vertical, as they’re built like a fortress on the stupidity of the majority and its willingness to police itself. Everyone is ultimately kept in check by their neighbor —Soviet style.
Luckily, since “good” ideas are sound and “bad” ones are unsound, all societies based on collectivism have the seeds of their own destruction built-in. The problem is that they can last far longer than any of us has time for.
https://grrrgraphics.files.wordpress.com/2011/01/tsa_cartoon.jpg?w=640&h=499
“The social psychologist of the future will have a number of classes of school children on whom they will try different methods of producing an unshakable conviction that snow is black. When the technique has been perfected, every government that has been in charge of education for more than one generation will be able to control its subjects securely without the need of armies or policemen.” —–Bertrand Russell quoting Johann Gottlieb Fichte, the head of philosophy & psychology who influenced Hegel and others – Prussian University in Berlin, 1810
Well said. As Chinese, we have painful memory of the elites exploiting the masses. Currently, people are very vigilant about the government. Regardless right or wrong, people naturally oppose government and evade taxes. When something happens to them, some people will carry out revengeful acts to the government. In a sense, government fears the people. So stability is the number one goal on the government agenda for decades. Government is forced by public opinion to deliver some good things.
jj Visited a guy in prison this pm who’s a sex offender who’s charged with a sex offence, and thus deemed to be the lowest of the low in most Brits’ eyes. For myself I’m proud to call R my friend: Not because of what he may or may not have done, but because he’s honest about himself while seeing rabid prejudice for what it is.
….Typo: charged with a sex offense should read charged with raping his girlfriend even after they continued seeing each other.
Another take on Thanksgiving surely?
http://www.paulcraigroberts.org/2014/11/25/americans-celebrate-thanksgiving-day-paul-craig-roberts/
Violent crime by the citizenry is down, but violence through undeclared bankers wars have been on the rise. The numbers of dead in the twentieth century alone were in the tens of millions compared to the hundreds of thousands in ancient times. What hasn’t changed is most of the carnage is by Democide, (death by Government, or to be precise, the policy decisions and prevarications of power brokers in control of Governments). The good news, (for lack of a better term) is that the modes of death are quicker and perhaps more merciful, (by the gun and not the sword). Good try, Al. But the real good news is that an informed public is rising up, seeing through the hat trick that all wars are Banker’s wars: https://www.youtube.com/watch?v=5hfEBupAeo4
Cheers!
R.John
Its a good thing people are starting to realise that wars are for nothing more than profit.
Long way to go yet, In Canada the government approval goes up (if poles are to be believed) when we enter military situations.
oops Polls.
Latest from Tom McClellan on the GOFO squeeze – fwiw:
http://www.mcoscillator.com/learning_center/weekly_chart/gofo_squeeze/
Best,
LPG
We are living in a time of unbelievable change that is speeding up more as time progresses. The World needs a strong America that works with the all countries.
If America would bring it’s troops home and close it’s foreign bases, they could concentrate on fixing the economy and becoming the leader it once had been. The US foreign policy has been a disaster since Vietnam, what we all want is peace so we can live our lives in harmony and prosperity. To quote John Lennon” it’s time to give peace a chance.”
DT….How very true…..But the truth is the US has being the biggest treat to the rest of the world since the BIRTH OF THE “FED”…..The world will never be at piece while the “FED” & the Zionist bankers exist .
Law and technology has put a damper on mass participation in violence but that just means that war is being done with smaller groups of specialists using higher tech weapons, terror and small attacks more often. Nuclear weapons and extreme levels of legislation have made war and vendetta the preserve of government and corperate forces competing with each other. It is not a mass activity like it was in past centuries.
Spot on Steven.
Stephen, like I always tell my wife the robots are coming and the humans are going.
‘Giving Thanks For The Oil Collapse: It Reveals The Phony Recovery And Speculative Rot Beneath’
BOB…..The oil price is all do do with propping up the Dollar , The Saudis’ must do what their bodyguards..(the US ).tell them what to do…If America was to stop protection them tomorrow the Saudi royal family would not exist in a months time.
Tony, things in life only last until they are mutually beneficial to both parties, what was relevant in the past is no longer, this is the dilemma that we are constantly faced with, can we change.
Low oil price benefits China in a big way. China is now buying like mad. There full of oil tankers to China. This deal may back fire. It ends up boosting the rival with a lot of damage to US drillers and shale play.
Lawrence…..China is gaining from the stupidly of the west…low oil prices..Buy , Buy , BUY……… China gets it….How long before China starts selling it back to some western countries because Russia has cut them off.
DT…Can we change…..Not until the people wake up & discover & recognise those who have been shafting them for decades. But even then will the lazy bastards respond ?.
List of wars currently going on in the World up until November 7th, 2014.
A word of advice to all you decent American people who are totally pissed off with whats going on in your country at the moment…If you can afford it…GET OUT while you still can…..pick a country…any country Even Russia would be a better place to be…….The US right now is half way around the waste pipe.
Al thats an insane statement…violence… indicative of what….???
Go Bitcoin!
Gold lease rates clearly in backwardation:
Article from Bullionvault:
https://www.bullionvault.com/gold-news/london-gold-112720142
Martin Armstrong must be reading the banter between matthew and jj. His latest blog is calling for a pop in gold next week. The distrust in government has started.
Is he counting on ECB QE next week?
I sure hope none of you guys are getting shaken out today!
You got galls? Then you have balls..1179/1180 was and is the line in the sand. 1170 would be the lowest I would tolerate. I expect a turn if not today then next week. We are in an ICL. All these gurus who follow marty were wrong not because of marty but because they miss read his print/timing of events. I told ya so will happen next week. At 68/69wti miners are headed up. wti is headed 57/61 first target.
I am very glad that we at least got one gap filled. The MACD “reset” is just what we needed, too.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=0&dy=0&id=p24244773055&a=378247309
You beat me to the punch matt..Gaps from 19th look like they got filled?Im ok with that if we plan on going down next summer.
GDXJ has retraced 50% of its move off the low which happened to coincide with the bottom of what may be a new uptrend. Such a quick 9% plunge should be sufficient to get most bulls to doubt themselves —which is a good thing.
Am buying GDXJ calls…
Good job matt. Buy when its red and bleeding.
Me been nibbling today…
Richard/Doc style 🙂
I may try to get some oil stocks. Hope Conoco Philips make sense.
lawrence id wait but nibbling is ok 🙂
I set a bid $3 below the current price. I need some US oil stocks.
LPG
nibble nibble and build a base 🙂 That a way!
Considering changing “LPG” for “Pacman” 🙂
If we close at 1180 today or above, we have conformation we are headed higher. Im seeing a merry merry christmas.
Today is the last day before Swiss election. Silver is hit hard. I heard a lot of contracts are waiting delivery. This is also the last chance to shake out more people.
Let’s see. I can imagine today should be a bad day.
Someone back me up and help me push this 1183.20 level. I think i can get it to budge before 1pm. Matt jump in and help push. Doc,gary,al,cory etc push me from behind.
Nice one Glen !
🙂
do you want push ,up the hill, or just a push………
up the hill im staggering lol
like franky , told me,,,,,stay off the booze……………..
Too much booze.You guys pushed me in the wrong direction.
Gold is putting up a fight. That’s all i can ask. The breakdown/retest is still in play. We need to start moving soon. Like what im seeing.
this is just a game on low volume…….holiday times are always easy push around….
Told ya guys miners will get murked over the break. It just happened.
stewie good call.
I bailed out on my trading positions once we broke 1176..Hui looks like it’s headed lower to cover all gaps. Everyone is waiting for sunday.
Markets clearly did not have OPEC decision fully priced in. Not related, biut I fear the swiss vote may also not be fully priced in. If 1180 does not hold up, then I wonder if the big computer dummy traders will do a ‘get me out now at any price’ routine Sunday night and gold falls hard. To sleep better, I think at close I might lighten up my holdings some. However, I am somewhat encouraged that twice today gold climbed back above 1180 after very brief stints below. I suggest caution here because I think the computers are watching the 1180 area
Good way to put it, “putting up a fight” — doing well, with much bigger losses just about everywhere else.
The White House released the menu of President Obama’s Thanksgiving menu as he dined with his family at the White House.
The dessert menu included six kinds of pie: banana cream pie, coconut cream pie, pumpkin pie, apple pie, pecan pie, and cherry pie.
May the Emperor…..
What is this fill in the blank…………….?
There is a little “pitchfork” support there (red):
http://stockcharts.com/h-sc/ui?s=$CDNX&p=W&yr=5&mn=3&dy=0&id=p97590902950&a=370749134&listNum=1
Thanks
Interesting thoughts gentlemen,
On a side matter, I just can’t help thinking that OPEC’s decision today is a step toward some sort of QE for the Fed or AT LEAST postponing rate hikes.
Let me elaborate quickly:
1) weaker yen = lower imports costs = can be twisted into “deflation risk” – CHECK
2) weaker yuan = lower imports costs = can be twisted into “deflation risk” – CHECK
3) lower oil prices = lower input costs = can be twisted into “deflation risk” – CHECK
I can’t imagine the Fed’s gonna raise rates in a few months will all of this currently going on (although I understand the situation in a few months might be different).
But if the Fed ever wanted an excuse to not hike rates, OPEC just gave them a great one.
And I can imagine the future spin of the FOMC: “although unemployment has now reached low levels due the gradual improvement in the economy, market participants inflation expectations remain anchored at low levels and are now incompatible with the FOMC previous consideration to start raising rates in 2015” bla bla bla… and “we remain data dependant”.
What do you gents think, esp. Chris, if I may ask ?
Thank you & Happy Thanksgiving to all,
LPG