Labor force participation rate falls to 37-year low
Together with a much below-consensus “job creation” figure announced this morning of 126,000 net new jobs added to the economy in March, we likewise learned that the number of Americans 16 and over not even in the labor force hit a new record…over 93 million people.
It stands for Bureau of LYING Statistics
What about BLM ??
Bureaucratic Land Misappropriators
I knew you could do it. Excellent’e Chris. : )
HA…What I thought of was a real dud.lol
And before you ask, the next one, Heavy, the F.D.I.C. really stands for the Fraudulent and Deceptive Instillers of Confidence
Chris, I need a special subscription from you for
all my “lines” on the blog.
You da man. I’m getting in back of the line. : )
BS…oh, no DT….we are REACHING ESCAPE VELOCITY to a full-fledged recovery…:)….yeah, right….Happy Easter and Passover to all my fellow Korelinites out there!!! Peace to all~!
US Futures fell sharply on the news – wonder how the markets will open next week?
Whatever stocks do, one trend will be strengthened…the continued downward direction of interest rates. Seems someone on the KER keeps harping on that…
In as much as lowering interest rates has done nothing for increasing employment and the Fed must realize this by now, is there any point in going negative in interest rates?
Negative interest rates merely serve to further reduce pathetically small savings. Even Keynesian morons must recognize the need for savings.
They won’t go to negative interest rates but the banks will soon start charging for any cash you have in them – which is effectively the same as negative interest rates.
The central banks will love that as it will mean more of taking money from Joe Public and giving it to the banks.
Which surely means that the conventional stock markets will now go to the Moon?
So what if the coming quarter results are poor – where else are you going to put you money?
THE BLS LIE AND DISTORTIONS OF FACTUAL NUMERICAL DATA IS NOTHING NEW.
DECEPTION CONTINUES IN THE FED RESERVE, THE OVAL OFFICE, AND EVERYWHERE IN GOV. I BELIEVE WE HAVE BEEN IN GROWING STAGES OF A DEPRESSION FROM A YEAR OR TWO, AND IT IS INCREASINGLY GAINING HIGH MOMENTUM. I BELIEVE THE
MARKET WILL COLLAPSE THIS YEAR, LIKELY SEP-DEC IN THE LIKES OF SOMETHING WE
NEVER IMAGINED POSSIBLE. MY SUGGESTION IS PRAYER, PRAYER, PRAYER, FAITH, FAITH, FAITH THEN SILVER AND SOME GOLD.
CELEBRATE OUR RISEN LORD AND DON’T BE AFRAID!
‘simply said’
wyn
The BLS statistics are as accurately determined as possible. They do not lie.
The problem is that the Press, being stooges of politicians focus on the wrong reported figure. The U6 number represents a real unemployment number and still hangs in around 11%.
More worry is the Black unemployment number at 9 million, which seems, at least, to indicate a partial displacement of black employment by under-cutting by cheaper immigrant wages.
“Accurately determined as possible.” Really? So the fact the biggest miss in years and the downward revisions to January and February just happened to occur on the one report issued on a day all major markets are closed was a complete coincidence? Here’s my theory, January and February the data was deliberately reported higher knowing they could used the good Friday release to bring everything back down and closer to reality over a holiday weekend. At this point I’m to jaded to believe anything else. #theemperorhasnoclothes
Amen. May the blessings from this post come to all that read it.
Realize the hour in which we live. 11:59.
Thank you Wynn but no thank you. I am not interested.
Wynn ignore Bird. He’s having a bad day.
He needs prayer.
I am having a good day. Keep Jesus to yourself you nut.
Birdman….ditto…..
Cheers Gator. They pollute the site daily and there is really no stopping them.
That’s very nice of you Bird.
God loves you regardless and
you too Gator.
God Bless both of you for your
persecution that gives us all a
major sign that The Kingdom
Of God is close at hand.
Our Father who art in Heaven, hollow
be thy name, thy Kingdom come, thy
Will be done, on earth as it is in Heaven.
Amen, and Blessed be his Holy name
Jesus.
Hello Gator………..watchout Bird does not like dittos……..lol
Wyn,
I personally celebrate our Risen Lord every single day.
Could this be the start of a black swan event? Continued poor #’s going forward.
The BLS also decreased jobs created in Jan. and Feb. by 69,000. We continue to see declining earning projections and weak ISM and manufacturing data. Productivity is decreasing and wages are starting to creep higher. This is worst of all worlds for the FED due to their tool box being depleted with a weakening economy and increasing wage pressures. So we have secular stagnation with the potential of stagflation on the horizon. Anyone got gold?
Surely this just confirms what most of us have felt for some time – that the US Fed cannot raise interest rates?
If they can’t raise interest rates then don’t we simply get more of what we have had for the past 5 or 6 years – a rising conventional stock market and gold/silver heading lower???
DOW 20,000 by November?
It will be interesting to see what Janet Yellow and the rest of the bankster criminals have to say about this. So much for a rate hike in June.
More proof we have a very weak and unhealthy economy. Very discouraging news. Well Chris, maybe you could interview this person to take our minds off the bad news. 🙂
http://www.coasttocoastam.com/article/interview-with-3-headed-human/
What happens if stock prices start to decline the speculators will need cash to prop up their positions, but if they start the presses how can they be sure that the money will go to what I used to call legitimate business purposes. Might this drive up interest rates if there is a pinch in the money supply. Which way to the egress. DT
Ol’ blue eyes to bring a little Easter perspective on us all.
How can we be sure that the dollar will go much higher when they can manage it by announcing poor job performance, it’s not odd that this has happened prior to The possibility of a Grexit on April 9th, otherwise the dollar might move much higher.
They will have put the interest rate hike on hold to support the market and buy stock futures & major stocks which have fallen below the 50 and 200 day averages in some cases.
NUGT and UWTI gonna be on the climb on Monday! $$$ So how is that hope and change working out for you?
Greatest recovery ever! Summer of Recovery 7 coming right up!
LOL! I pick up your sarcasm and agree with it. Hard not to be sarcastic after hearing “Lift off” is right around the corner for almost five years now and interest rate hikes only 6 months away for over two years. #theemperorhasnoclothes
Don’t forget your sunglasses and sunscreen. I hear this year’s Summer of Recovery is going to be very very very very very very very very very very very strong because of cheap oil.
Well, like our government likes to say. these individuals are funemployed now. It could be worse-during the Depression people entered dancing marathons and danced for days on end for the chance to receive a meager sum. Here: https://www.youtube.com/watch?v=-1VBLYRki74
BTW, the above movie is “They shoot horses, don’t they?” It stars Jane Fonda and Michael Sarrazin. Great film. Pick up the novel by Horace McCoy if you can. One of the greatest Depression-era novels.
Yes, but Steinbeck’s ”Grapes of Wrath” still rules the roost.
—LFP
This more my style:
https://www.youtube.com/watch?v=JJ_8TWQlug4
Looks like we ain’t even gonna get to a “1 and done” rate hike – it just is done!
1930’s were also called “The Hungry Years”, people weren’t fat in those days like they are now, if we see those times again it will really shock the public. I just looked up my depression shopping list, a wool suit could be had for $3.98, a 1930 Studebaker new cost $200, and a brand new Ford was $57.50, dental filling $1.00, modern house, 6 rooms 2 car garage, Detroit, $2800, (that hasn’t changed), Rib roast .22 per lb., Dining room set, 8 piece $46.50.
And how high were the salaries back then, Dick? Did you take the time to figure that into your inflation?
HERE IS “TWO” MAJOR SIGNS EVERYTHING IS GOING TO BLOW UP.
(Sharing this info at this time as we are getting very close )
BLOW UP = All or most of the banking system completely collapses. Major
civil unrest everywhere in all nations …majority of them. Most likely wars
in the streets with heavily armed gangs forming of 50 to 100 men within
2 weeks of the infliction point.
1. When you see a major European country default, it will be South America
next, then Mexico and will hit the United States 2 weeks after the first European
default. Greece looks like it’s going to default. Why I post this and bring this up.
2. When you see the oil fields in the Middle East go up in flames. You will know
it because it will be a major event. Within 2 weeks as stated above everything will
collapse.
Please be aware, this is not defintely certain but is very likely scenario.
Well, when you see these signs get out of highly populated areas.
Remote places the best. And have your armor of God on.
Oh, lots of luck doesn’t hurt either. Personally, when I see it. I will be the
Easter Bunny on steroids to a very remote place. No one will ever find me.
The very good news….is : ) ….YOU WILL NEVER SEE ME AGAIN.
Its good Friday and very good news. Indeed it is ..huh..Bird. ..come on..toot your horn !!!
Why don’t you leave God out of the conversation for a change.
I’m sorry but only mentioned his name one time in the post.
God is love. Lets not reject ouy Heavenly Father.
Amen…OK…..and Amen again ..God loves you Bird. : )
This jobs number changes nothing, in my opinion. I’ll stick with my view that stocks will not crash but will enter a new cyclical bear market (within the ongoing secular bear). Martin’s melt-up scenario is not coming soon.
Whew! Totally wrong Matthew. What leads you to the conclusion you just posted? Martin who happens to be a very bright analyst has identified capital flows and sovereign (bond) defaults as the reason stocks will be bid up. He is absolutely 100% correct in my view. The money has got to go somewhere. The thesis he has put forward states that there will be a shift from public to private as confidence is lost in so-called safe assets like debt. This is after all the end of the credit / debt cycle. We have nearly peaked just as interest rates have bottomed. You need to look back in history and see what happened the last time the same set of circumstances arose to appreciate why he is correct.
“Totally wrong?” And you wonder why I think you’re a jackass? Decent people who aren’t suffering under delusions of grandeur would say “I believe you will be wrong” or something similar.
If you can tell me I’m “totally wrong” before I really am wrong, how do you explain this BS:
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&st=2013-06-09&en=2013-09-06&id=p30821737119&a=372175914&listNum=1
Better yet, why aren’t you embarrassed?
It’s pretty poor form to call names when there was no offense to you other than a rejection of your flippant and poorly thought out opinion-based idea. Where is your substantiation that Martin will be wrong? Based on what? Your whacky weed ideas?
Too funny man! We can all say stupid stuff all day long but if you don’t show me why your conclusions are better then you are just another of the arm-chair bloggers with no insight whatsoever. Such a burden to carry pushing a gold agenda with no substance.
Hey Matthew!….how about this: The sky is orange with pink polka dots.
Are you convinced by that, smart guy? Your assertions are in the same vein of useful information.
Ha Ha Ha Ha!!!!!!!!!! 😉
Did I say Martin is wrong or did I say his scenario won’t happen soon? How about a little more precision and a little less “speaking from the heart” 😉 🙂
You frequently say that Martin is wrong and does not know what he is talking about. There is a long record of your posts on that subject. You have regularly expressed a distaste for his commentary that is quite frankly more insightful and intelligent than your own.
As I’ve stated before, for such worshiped guy, Armstrong makes some incredibly idiotic assertions and then makes no effort to prove them. He knocks the hell out of anyone with an opinion and then proceeds to shower his readers with his own. Doesn’t anyone see the humor? It’s no wonder that so many of his most vocal and loyal followers are obviously illiterate when it comes to money.
FYI, “gold pumping idiots” are STILL way ahead of Dow pumping idiots since stocks put in their REAL peak in 1999-2000.
Post some examples that we can discuss like adults. Otherwise your words are empty.
Silver is up 18% from its bear market low while gold is up about 6%. Not surprisingly, silver is leading technically, too. This is bullish for the sector. However, very short term, gold looks stronger and should catch up a bit.
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=1&mn=0&dy=0&id=p77559188934&a=400521788
The gold-silver ratio could briefly see 73.5-74 again.
If a dead cat bounces were equal to “up” in the real world then you might be correct. But what you are actually seeing is just another good opportunity to sell into ongoing weakness and get the hell out before even deeper lows are seen.
Do you actually think we have bottomed on gold and silver? Please man!!!!
Funny, it wasn’t long ago that you thought they had bottomed. As I’ve said before, I believe silver has bottomed even if gold hasn’t.
Refresh my memory copy-boy. Link the post where I said that.
Final bottom may happen next summer in 2016 at around 700 to 800 with around 1000 this summer.
Everyone thinks so…
And you? Make a bold call for once in your life you chicken sh*t.
tweety that is not nice.
Here’s a chart that I drew on the 26th. You can see that silver is following my expected path, so far (I left my arrows in their original place).
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=1&mn=1&dy=22&id=p86534254136&a=400668210&listNum=1
Really? And what is your expected path?
Up I suppose. But that’s not all that impressive because you ALWAYS call it UP.
Matthew, you have NEVER yet made a call on a decline. Yet I caught virtually all of them. So that leads me to conclude that while you may be clever with some charting you are still the worst analyst on this site.
Totally one sided.
Let me put a finer point on this, friend. Your track record stinks. It is all bull calls even during a decline that some say is almost historic for how long it has lasted. It is improbable you made any money despite all your bullshit and bluster. And you refuse to admit to any mistakes. Hows that nurse feel about you losing all her money.
Your wife must be a blow-up doll to put up with you. If not, well… I’ll bet she’s “special.”
Like I said, how’s that nurse feeling after working a hard 12 hour shift and coming home to an empty bank account (again!).
As usual, you couldn’t further off the mark. But then, if accuracy mattered to you, you wouldn’t make all the assumptions that you do, would you? Just keep speaking from that NPD heart of yours. Lol……
I can hear her freaking out all the way over to Africa.
Here’s a thought, (politicaly incorrect I.m sure) if a person gets an Islamic sex doll would it blow itself up?
Ha Ha! That’s pretty funny bb.
For those who can see a monthly chart:
http://stockcharts.com/h-sc/ui?s=$SPX&p=M&yr=15&mn=0&dy=0&id=p08445860304&a=362100642
That’s not a market that I want anything to do with from the long side.
Matthew,
Please dont waste anymore precious energy fighting against an angry brick wall…..it will piss you and the wall off!….hahaha!!….keep up the great work Matthew!
I wish this site had a block feature so I wouldn’t even know the nut is responding to me. I thought it was a pretty benign opinion I gave that got him started.
I would be VERY selective in the stocks to own in the conventional market. I believe we’re finally approaching a potential change in sentiment. Greece may be the first developed nation ever to not pay the IMF back. Our economy is weakening and I believe the last 2 absolutes in life were death and taxes—-not the absolute that the FED will have your back and conventional markets can go up in perpetuity as long as they maintain a loose posture. There’s a point in time when confidence could go south and nothing will hold up the conventional markets. Then John Exeter’s belief in gold as the final arbiter will hold true. We’ll see a correction very soon but whether it’s the final big one is anyone’s guess.
This is a crucial week re Greece with the Greek Easter starting next Thurs and the Greek Easter holiday going from Thurs through till next Tues – just the right time to default.
Now that’s an interesting piece of info.
Yep, and Thurs is the day when Greece is supposed to pay back a huge sum to… well, to whoever… EU, IMF, whoever…
Greece basically shuts down on Thursday as the Greeks prepare for evening food celebration and mass which goes from late evening through past midnight. The Friday, Saturday, Sunday and Monday are all Easter holidays.
If the Greeks are going to default then anytime now over the next 10 days is the time for them to do it.
WELL WELL SAID DOC!
BTW,
Did you have Brochitis…?? I had to go to emergency with a REAL NASTY chest infection – URI…I mean nasty…thank the Lord for modern medicine..I mean CIPRO didnt even stop it…had to get steroids and another more power anti-biotic…plus inhaler meds…I MEAN -DOC…..YIKES!!
That makes two of us Marc. Some of these bugs are pretty serious. They call them multi-drug resistant and they seem top be getting more common all the time. Seems its just a matter of waiting before a bug shows up and there is no answers for most of us.
We are experiencing a growing problem with drug resistant tuberculosis in parts of Africa right now. It does not get a lot of press. Not like Ebola did anyway. There is no cure for many people if it has been contracted and as a result it has become the number one killer in some countries.
I have known of two in my area who died just this year. Oddly enough, I have tested immune. Only God knows why.
World could face outbreak of ‘virtually untreatable’ TB — Mail Online 2013
http://www.dailymail.co.uk/news/article-2277177/World-face-outbreak-virtually-untreatable-TB-deadly-strain-discovered-South-Africa.html
Thanks for the link Greg. This is not incidentally an African problem as this new drug resistant TB is widespread across the globe now. The World Health organization publishes statistics on the countries where new TB infections are most prevalent. (linked below).
China, rather surprisingly is on that list but this may have more to do with rural poverty than other factors. In general people should not be too fearful if they are in good general health as the illness seems to attack those hardest whose immune systems have previously been compromised.
The highest levels of mortality are being seen amongst those who had already contracted HIV prior to the onset of DR-TB and so this perhaps explains the higher incidence in Africa. Poor diet, lack of access to medical care, poverty and low levels of education all play a role as do background health conditions.
Still, it is worth noting that in the hardest hit countries it is now the number one killer and takes as many as one in six of the lives of the affected. So this is a very serious illness and treatment is difficult once an infection has been confirmed.
Multi-Drug Resistant TB statistics for “high burden” countries
http://www.tbfacts.org/tb-statistics.html
For the benefit of new visitors to this site, here’s a glimpse into the mind of the real Birdman:
On June 28, 2014 at 10:04 am,
Birdman says:
Honestly, at current grades we should not even be mining gold anymore. It is utterly destructive of the environment on so many counts and the grades are so pathetically low it is really a wonder any government permits it to happen anymore. Would anyone here really care if all gold mining came to a halt worldwide (by international convention)? Serious question. It has little manufacturing merit. We just dig it up and store it in vaults. Don’t we have enough to squabble over already?
On June 29, 2014 at 2:33 pm,
Birdman says:
What about we don’t mine gold anymore? You really need more gold? Does it improve anything? You think the world is better for it? Maybe we need to put more in the vaults. Maybe it is good to leach heaps and poison the shit out of the soils and water and waste resources so we we can all sit around and masturbate about how WUNDERFUL gold is for our lusty sexy pleasure and all get rich together. Or maybe we ban ALL gold mining since the industry is just a bunch of shit and thieves and liars. How about that you idiot?
Both those comments are 100% valid. What is your point?
My point is that you don’t understand sound money or its value to society beyond monetary value AND that you don’t understand how miniscule the environmental impact of gold mining really is overall.
Why don’t you explain sound money then, Matthew. Floor is yours. This should be really interesting in a Neanderthal sort of way. Go ahead, enlighten everyone (this is not just for me you know…there are all the newbies out there just dying to hear your thoughts). So don’t let us all down.
Waiting…waiting….waiting…
Oh why bother. You won’t attempt to make a case for sound money because none of it makes sense and it is far too easy for anyone with a brain to pick apart the arguments and feed them to the goldfish.
I am so sure you won’t respond to the challenge that I hereby declare myself the winner of this debate before it has even begun. That’s seven for Bird….zero for Matthew.
They are not valid. Try making that argument to those buying coins or the billion Indians receiving it as gifts or me with to big chunks in my mouth or Apple. I get where u r coming from but your argument is not based in reason as the majority would see it as unreasonable.
Another +1
I agree about the environmental impact being too great. Diminishing returns.
Thanks Paul. We have quite enough gold above ground already.
What the world really needs instead are more socially conscientious companies that raise funds to start tree farms and focus on renewables which are growing scarcer by the day.
Of course, trees do not offer a fast payoff. So nobody does it. Everybody is quite sure of how to cut a forest but nobody seems to have the brains to plant one. Look at Afghanistan, most of Europe, the Middle East and North Africa as examples.
Every war zone we see on TV is nothing more than a rocky desert wasteland (ever notice that?) that exists primarily due to deforestation practices of the past. Personally. if it were up to me I would put a moratorium on all gold mining worldwide and I would do it by convention. Enough already.
Lets start putting scarce resources to better use for a change and trying to make the planet more liveable instead.
Birdman, you should start a tree farm after all you’ve got lots of brains! LOL!
Maybe I will Dick. I plant trees as a hobby already. Is that really a problem for you?
Bird, personally I’m all for your moratorium on all gold mining worldwide. Of course, I’m being selfish when I say that.
Thanks Richard. if only we knew where to start. Gold would rocket higher of course 🙂 but nobody here cares about that!
BLAH, BLAH, you’re idea of planting a tree is getting somebody else to do it because you have spoken. LOL!
No man, I really do plant trees as a hobby. Our workers help out. Its for the exercise mostly. Somebody needs to do it. Don’t you think?
Your workers help out, so you are the nabob who sits on his McMansion, just as I thought. DT
It is not a crime to have servants. My wife employs as many as she needs.
That is an idiotic comment.
Correct! At least someone gets it.
Increasingly, so do I. Also why, related, I’m ever more in favor of nuclear and solar energy rather than oil, etc.
Thank you Chris. I am baffled why this is even a point of disagreement here. All of us know that gold adds almost no real value to what we already possess. As Warren Buffet might say (paraphrasing here)….if an alien came from outer space and saw what we were doing they would think it insane. We dig up gold, refine it and then lock it in vaults with security posted night and day. Almost none is used. So it ends up being as useless as if it had just stayed in the ground in the first place.
Of course you’re baffled. You don’t understand that limitless, debt-based fiat money and artificial interest rates are FAR more destructive to the environment than all the gold mines put together. This system allows billions of dumb sheeple to spend decades of future prosperity TODAY. It has made it possible for McMansions to pop up everywhere they shouldn’t —like up the side of the rocky mountains, for example.
VERY few understand that gold is the greenest money there is. But then, even fewer know how to think, much less think things through.
Apparently the “very few” are quite literally everyone since nobody uses gold for any day to day transactions anymore and the odds that gold will ever be used that way in our lives again is about as slim as a Melba Toast.
Maybe we should bring back buggies and whips too, Mr Smarty Pants.
While we are at it we can go back to darning our socks too! Ha Ha Ha!!!!
Illogical as usual. “Very few” is correct. Don’t you think it would be more than VERY few if all those (usually socialist!) tree-huggers understood that gold is the environmentally friendly money?
You sound just like your programmers at FOX or CNN with that “go back to” talk. Of course, it’s no surprise that you consider fraud and theft to be modern, progressive, and BETTER.
You gold bugs would have us all in the dark ages if it were up to you. The gold standard is a relic of our past that is merely representative of our low-level development at an earlier time. it is akin to a straight jacket on an economy and a limitation on development and progress. With such a system it is almost impossible for modern commerce to exist and capital formation to take place outside of each small community. I am totally against such a system ever coming into being again. We need to go fully electronic and expand and what we have already learned, not return to the stone age of barter and simple trade.
You’re spewing more of you’re programming. The best indoctrination is the kind it’s victims will defend to the death.
asking people to stop valuing gold. Brilliant. While u r at it why don’t u end religion. No value there. It doesn’t cure cancer or contribute to renewable enedgy. Only causes wars.
Sounds good to me Peter. It is what the division between church and state was all about in the first place. It’s why schools went non-secular and removed the Lords Prayer from morning routines. There is no place for religion in either schools or government. I would not ban religion but nor would I participate.
Look, don’t get me wrong here. I have no problem with God, Jesus, Moses, Abraham, Mohammed or anyone else. The bible itself, both Old and New Testaments are beautiful pieces of writing and I know them well. What I have a problem with is organized religion and the people behind it.
They are shutting down thousands of Mosques in Egypt for good reason. They have become the breeding ground of discontent, radicalism and even terrorism. The leadership is stumping out the messages to all who will follow. So God and the messages of the books have become little more than tools of indoctrination of political agendas.
The guns-n-gold, God loving white supremacists in the US are no better for their hardened racism and lack of understanding of others. These guys just have a mental block to anything outside their little sphere of programming.
Nothing ever changes.
It’s simple guys, gold mining will stop when it is no longer profitable. In other words, when it SHOULD stop.
Wrong. Gold mining will stop when humanity comes to its senses and rejects this industry for what it really is….one of the worst examples of a business that degrades the environment for false profit. Most of these mines are barely holding on as it is. They should be shut down and forgotten. Look you crass fool, the grades coming out of the ground anymore are measured in small grams per tonne. This is not the old days with big easy surface finds. And some of the biggest mines are pure strip pits covering thousands of hectares, wrecking rivers and streams, breaking down wildlife refuges and adding absolutely nothing of value to the legacy of human efforts on this planet. Open pit should be banned outright. I cannot beleive what a moron you are.
You heard that right Matthew. I can call names too. You are a MORON.
YOU pioneered the name-calling here, ya damn psychopath.
Really? Find the first post and put it up. And then I will link the one before that to show you started it all. The filth that comes out of your keyboard directed at me is beyond belief, man. Shall I post a short compendium of the worst insults on a special thread? I have them all saved if you care to know and they number in the many hundreds.
All of them were disgusting. You should be totally ashamed of yourself. Humiliated too.
Hi Bird , Question ?..You are a MORAN , Were you looking in the mirror when you said that.
Problem with your reading or your spelling Tony? Maybe you ought to join Matthew in that select little club since you don’t have anything to offer in the discussion of the value of gold mining but only to add insults to support your boy.
Was that too harsh?
Moran
The last name Moran derives from a variety of Irish surnames. Many people tend to relate the pronouncement of the name to sound like the word,”moron.” A common misconception…well, sometimes.
Ironically in retrospect, the name has been translated most as meaning,”Descendant of the Great One.”
IT, birdbath has always had a twist in his pants.
Thanks Irwin. In that light, I guess I owe Bird a “thank you.”
In light of Bird’s recent comment, “Descendant of the Great One” does make more sense.
On March 28, 2015 at 11:47 am,
Birdman says:
I will tell you this though (and keep it to yourself), Matthew is an asset to the site and despite my frequent run-ins with him he offers a lot of insights that I appreciate.
Matthew, you are so facetious but I love it. DT
Me, DT? 🙂
Btw, note that I said I “owe” him a thank you. I don’t intend to deliver one though. Being the fan of central banking that he is, I’m sure he’ll understand.
You get class credit for sticking to the topics Matty and making an effort to discuss gold, silver and the economy. Unlike the retards here who only want to talk about thermonuclear war and Jesus. But you get a failing grade for being such a jerk most days.
bird……if you get enough gold……you can trade with the devil, for a week off…just kidding……………..lol…………..
Irwin…Well thanks a lot , I know the history of a lot of Irish surnames &I was hoping to throw that back at the DODO when he came back at me with an insult…Never mind I will get him the next time.
Don’t wait Tony. Please! Jump right in. The thread is hot. If you delay it won’t have any impact later on. Errrr….cat got your tongue maybe? Or maybe you can’t think of anything pithy to say. No problem. I can understand that.
Dear MR Birdman. What could a mere Retard like me say to appease such an intellect as you ?
BTW . Another question for you. When you moved to Africa , were you running away from something , or looking for something ? I get the feeling you are not happy there , & that’s why you take your frustration out on some members of this forum , I would even go as far as to say , I don’t think you have any friends…But with your attitude I am not surprised ….But I will end with , not an insult , but wish you all the best.
Tony, you are right he went to Africa to run away from his past, a thought that has crossed my mind as well. DT
All the best to you too, Tony. Just don’t expect me to cut you slack when you take sides against me and join the camp of hard money bugs with all their dark ages agendas and limited common sense.
Totally wrong DT. I came here because my wife’s father was seriously ill ad she wanted to be with him at the end. He passed away this last month.
As much as I disagree with Birdman on gold , he does make some valid points. Gold is a very beautiful metal and it has unique qualities besides jewelry.
Land would suffice as a suitable replacement for gold but that may be an additional incentive to invade and conquer.
Until someone comes up with something better than gold and silver, I think were stuck with it. Besides its traditional.
Also the name calling is lightweight and not very impressive trash talk even for grade school, but both made interesting and thought provoking points.
The reason we’re “stuck” with gold and silver is because we’re also stuck with human nature; in this case, dishonesty.
Land would not suffice and is vastly inferior to gold for monetary use. I realize that that statement doesn’t make it so, but I’m not going into the reasons now.
Gold being traditional is the understatement of the day. Is there anything more traditional amongst so many cultures and religions. Would love to know so I can invest in it. Again stopping gold mining and eliminating golds value would be a close second to stopping people from believing in God. Much more positive to come from stopping people from believing in God so let’s focus there. A great deal of positives come from mining a very few and arguably no sustained negative environmental damage. Bird. If u have not noticed earth is pretty resilient. Mining is a joke compared to the types of events earth has experienced over the last 5 billion years.
+1
Re: ” Mining is a joke compared to the types of events earth has experienced over the last 5 billion years.”
Exactly
Peter, maybe you didn’t read my posts. It is not mining I have an issue with but rather open pit strips and leach heaps as two examples. We all need resources. Nobody questions that. And most mining is beneficial. It is gold mining though and some of the methods that are incompatible with a little more enlightened view of our planet. Are you not aware that most of the gold ever mined is still above ground and stored in vaults? Does it not occur to you that maybe we have enough already since almost none is actually used except as storage? Why don’t we just trade the deeds and rights to good deposits instead and not even bother digging it up if its that damned important?
You understand that I meant “money backed by land”. And the best reasoning for it is you can’t make any more land. So money supply would have to stay stable.
Yes, I understood what you meant, but that “best reasoning” is far from good enough since all land is far from equal (or fungible, in monetary terms). Location, location, location…
How would one redeem their currency? If the currency is not redeemable, what would stop the creation of infinite paper claims against said land? And if the paper were somehow redeemable, your “money” would still not be portable or private. It would also have counterparty risks like arbitrary taxation and confiscation.
Then there’s economic risk. The value of real estate is correlated to the economy that it sits in while gold is the least correlated to the economy of any major asset. The U.S. (and the rest of the West) is becoming increasingly totalitarian. (Contrary to popular belief, this means that it is becoming increasingly lawless.) Do you expect property rights to strengthen from here or continue to weaken?
You blew holes in land as a substitute. Great points. That’s my best shot at what could be as good as gold and silver. Tulips? Water? food? Oil? I can’t think of anything else. So ….. I’m good with gold and silver.
Smart man. Always use the best tool for any job.
Bird,
Your comment that gold has no real value is hilarious. I can’t believe you actually said that.
Here’s Birds daily commentary Chartster…
Just incase you missed it. This is from his
own office that he operates out of with all
his very bright associates discussing the
markets. Enjoy !!
That is because I did not say that Chartster. What I wrote was “All of us know that gold adds almost no real value to what we already possess”. And what that means is that adding more at the margins to our existing massive stockpiles numbering several hundred thousand tonnes is fairly pointless. There must be better uses of capital don’t you think?
Lets put this another way. Most of you here object to war and militarization. That is not a good use of money in your opinion. Most also object to social programs and taxation because you would claim that is stealing from the working class and giving to others who are taking handouts.
And yet none of you sees a problem with open pit mining in the developing world. Of course, none of you lives here either and most have no idea of what the workers go through to pick grains of gold out of mountains of mud to support your speculations.
I am just saying, try to be a little more consistent.
Unless you meant it is falsely undervalued
I did not comment on the value of gold but rather on the value of increasing stocks above ground.
Good nite….all…. peace on earth and goodwill toward mankind!!….Gold and silver will have its day and then some…..honest money….ALWAYS COMES BACK TO THE FOREFRONT……..YES BIRD…….ALWAYS….and faster than you can pull up your britches after sitting on the throne…sipping your tea and ordering your workers around…..:)…:)…:)
Happy Easter to all.
My specially-bred variety of Easter Bunny [non-GMO, of course] delivered the eggs in advance, so I’d like to share them with all you nice people.
[In all honesty, I also admit I’ve been wanting to test the so-called ” 1-link limit ” for this site, as I may have found a ”hack” for it (”white-hat”, not ”black-hat”)]. 🙂
1.
April 02, 2015 – Atlanta Fed Is Making Washington Fed Look Out of Touch on the Economy
wallstreetonparade.com/2015/04/atlanta-fed-is-making-washington-fed-look-out-of-touch-on-the-economy/
2.
April 01, 2015 – 5 Truly Crazy Assertions in the Jamie Dimon Cover Story in Barron’s
wallstreetonparade.com/2015/04/5-truly-crazy-assertions-in-the-jamie-dimon-cover-story-in-barrons/
3.
March 31, 2015 -Why Is the Fed’s Stanley Fischer Tilting at Windmills?
wallstreetonparade.com/2015/03/why-is-the-feds-stanley-fischer-tilting-at-windmills/
4.
March 30, 2015 – Paranoia Reigns in Congress Over an International Financial Cabal
wallstreetonparade.com/2015/03/paranoia-reigns-in-congress-over-an-international-financial-cabal/
5.
March 26, 2015 – What If Janet Yellen Is Dead Wrong on the Strength of the U.S. Economy?
wallstreetonparade.com/2015/03/what-if-janet-yellen-is-dead-wrong-on-the-strength-of-the-u-s-economy/
Cheers to all
—LFP
Good work LPG….so you just drop the http and everything posts no problem.
@ Birdman
Y’ah caught the play, coach.
Hello Birdman,
LFP is NOT LPG – and vice-versa 🙂
Best to you & wishing you a good WE.
LPG
Of course! Wink!
@ LG
Thank you for rectifying that, ” LPG ”. 😉
—LFP
You are making me laugh, Man!
@ Birdman
Y’ah caught the play [once again], coach.
HEY, some more Bunny humour; hurry, offer expires at midnight, Easter Sunday.
This one IS funny!
d1w116sruyx1mf.cloudfront.net/ee-assets/gsd/funnies/150403Easter_Bunny.jpg
—LFP
YAY – DONE !!!!!!!
—LFP
Golds a good conductor. It’s sure in the hell is not required to run an economy. I agree with Bird on mining and in the poorer countries their polluting the hell out of the environment.
We just need the Fed to die and keep the M3 to the growth of the economy.
See Bill Stills as most have. It would seem most here are wait g or voting for US to crash or the dollar to melt down. I thnk Gold bug are absolute clueless clowns or scamers. Yup gold is pretty though.
HOW TO BEAT INTERNET TROLLS……………zerohedge Sat. APRIL 4
BLS=Bureau Of Labor Statistics, which really means BS!