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GOLD AND SILVER, ECONOMIC NEWS, COINS, 2018

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  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    The decline from democracy to tyranny is both a natural and inevitable one.

  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    @derryb said:
    expoundination #1

    expoundination #2

    The official unemployment rate should accurately reflect how many workers that want full time employment do not have it. Of course you believe that it does, but you are once again wrong. As with most official government data one must realize that figures lie when liars figure.

    I think you meant_ expoundation_rather than expoundination. B)

  • derrybderryb Posts: 36,116 ✭✭✭✭✭
    edited May 13, 2018 10:07AM

    There's a pension crisis?

    Coming soon to a state near you.

    FED says Illinois should raise property taxes to tackle the unfunded pensions

    "This means that homeowners with homes worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000."

    Maybe Illinois should should just reduce the salaries and the pensions of the state politicians who provided high retirement incomes to state employees. Or, maybe they can sell back the votes they bought with those pension promises.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    Yup...some states will have to raise taxes and cut benefits. This isn't anything new. Knowns are knowns.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    Glad to see you finally realize that current debt levels are a problem. Now you know.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited May 14, 2018 7:36PM

    @derryb said:
    Glad to see you finally realize that current debt levels are a problem. Now you know.

    I said pension benefits are too high. You still dont know. Did you attend Trump University?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    Good thing there are over 6 million unfilled jobs out there.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited May 15, 2018 4:20AM

    @derryb said:
    expoundination #1

    expoundination #2

    The official unemployment rate should accurately reflect how many workers that want full time employment do not have it. Of course you believe that it does, but you are once again wrong. As with most official government data one must realize that figures lie when liars figure.

    So you post articles from 5 and 6 years ago that time has obviously proven to be incorrect. Congrats!! I give you an A for proving yourself wrong...again.

    Now, you ready for your lesson? You have stated on several occasions and even your articles state that you believe U-6 should be the "official" unemployment rate. So what do you really know about how todays U-6 rate compares to history? Well, fortunately there are not a lot of data points to trip you up. The BLS started using U6 in Jan 1994 so there have been 292 monthly computations since. Todays rate is 7.8%. Do you know have many months in the last 24 years have posted lower numbers?--28. Only 28 of the last 292 months has unemployment been lower. Think about that. Just a measly 10% of the last 1/4 century has seen better employment numbers. Dang man, dat be purty good, no?

    So whats that really mean...92.8% of folks are gainfully employed. Only 8 out of 100 aint workin. 8!! Im sure you know 100 people, and probably at least 8 of them dont even know how to use a shovel. They are not employable.

    If anything, you should be complaining that the economy is too good, not too bad. So go figure.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited May 16, 2018 9:39AM

    Remarkably, the book is available through Amazon for less than $11

    Remarkable indeed.

    Houses in this development are heavily manipulated.. you should buy one. And buy my book too!!! Seriously, who the he'll would do that?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,116 ✭✭✭✭✭
    edited May 16, 2018 4:12PM

    One day you might learn enough to write your own book instead of publishing for free to an idiot readership.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • PerryHallPerryHall Posts: 45,301 ✭✭✭✭✭

    @derryb said:
    One day you might learn enough to write your own book.

    :D

    Worry is the interest you pay on a debt you may not owe.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    @cohodk said:

    Good thing there are over 6 million unfilled jobs out there.

    Lack of skills, desire to not relocate and unemployment benefits tend to do this. The demand for workers should drive up wages, but only if employers are serious about filling openings.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    Good thing there are over 6 million unfilled jobs out there.

    Lack of skills, desire to not relocate and unemployment benefits tend to do this. The demand for workers should drive up wages, but only if employers are serious about filling jobs.

    Sounds like personal problems, not economic. Employers will not pay more for workers' shortcomings. Don't want to move here, can't use a shovel, want 2 months vacation.....ok....we'll build robots instead.

    So how did you support your argument of a lousy employment picture?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited May 17, 2018 7:00AM

    @derryb said:
    One day you might learn enough to write your own book instead of publishing for free to an idiot readership.

    Writing fiction has nothing to do with knowledge as you know so well.

    Knowledge and truth are free.

    BTW---it's always the evil villains looking to extol a price...Superman's work is pro bono. ;) or maybe Ironman. Yeah, I'm more like Ironman. Lol

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    I haven't read John Williams lately, but I give him more credibility than BLS.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited May 21, 2018 5:43PM

    Thats a GREAT example. Thanks for posting!!!

    As for that stock market rally, it’s a temporary blip. Investors should be reminded that the stock market peaked on Jan. 26, 2018, and is down about 10% since then notwithstanding occasional one-day rallies

    Well, truth be told the Russell 2000 is at an all-time high.

    I'll fix his comment ..Investors should be reminded that the silver peaked 7 years ago, and is down about 67% since then notwithstanding occasional one-day rallies

    Why does that guy hate so much?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    I contend that the stock market is an artifact of the bond market, and that the bond market is the biggest risk in play.

    Who knows, maybe they can keep this smoke & mirrors financing gig going for a long, long time.

    I was in Best Buy tonight and it's interesting to see how the merchandise offerings keep changing. Every device wants to track you.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • coinpalicecoinpalice Posts: 2,435 ✭✭✭✭✭

    Trump cancels Singapore summit with Kim Jong Un , gold up 16.20

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    12 Indications That The Next Major Global Economic Crisis Could Be Just Around The Corner

    "Global central banks have been able to buy a few extra years of time by engaging in unprecedented levels of intervention, but now they are almost out of ammunition and events are beginning to escalate at a very frightening pace. We shall see if they can pull another rabbit out of a hat in 2018, but I wouldn’t count on it…"

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    I turned 5 in '69 so my memories are scarce. Penny candies at the neighborhood drug store and 15 cent bottles of pop do ring a bell. And our dog had puppies again but that happened at least twice a year it seemed. She was very popular.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    Record 95.9 Million Americans Are No Longer In The Labor Force

    While the unemployment rate declines a record number of Amercicans are unemployed. Go figure.

    ". . . in May, the number of people not in the labor force increased by another 170K, rising to 95.915 million, a new all time high. Adding to this the 6.1 million currently unemployed Americans, there are 102 million Americans who are either unemployed or out of the labor force (and it is also worth noting that of those employed 26.9 million are part-time workers)."

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited June 3, 2018 7:32PM

    A record 161.5 million Americans are in the labor force

    https://data.bls.gov/pdq/SurveyOutputServlet

    You baby boomers gotta stop retiring (how dare you leave the labor force!!)...you're making liars figure (see previous post. ;) ) And you know what else? The longer we all live, the more of us that wont be in the labor force. Oh, the humanity!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    Both charts are simply the result of a record number of people.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    Trade War Becomes a Currency War

    “Eventually, what’s going to happen is it’s going to be the demand for those dollars is going to collapse, not the supply. And when the demand for dollars collapses, then the price of the dollar collapses. You get massive inflation. That is what is coming.”

    The decline from democracy to tyranny is both a natural and inevitable one.

  • dcarrdcarr Posts: 7,936 ✭✭✭✭✭

    @Wingsrule said:

    @VanHalen said:

    Ford announcing they are canceling all sedans has me down. :'(

    Will be interesting to see what happens when gas prices spike the next time. Whether that’s 3 months or 3 years down the road is beyond my little brain.

    It was a little less than 3 months ;)

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited July 4, 2018 8:25AM

    @dcarr said:

    @Wingsrule said:

    @VanHalen said:

    Ford announcing they are canceling all sedans has me down. :'(

    Will be interesting to see what happens when gas prices spike the next time. Whether that’s 3 months or 3 years down the road is beyond my little brain.

    It was a little less than 3 months ;)

    A 2018 Ford Escape gets better fuel economy than a 2008 Ford Taurus.

    2008 Ford Explorer 14-20 mpg.
    2018 Ford Explorer 19-27 mpg.

    I don't know about you, but I don't like sitting 6 inches off the ground and seeing a bumper at eye level at a stop light. And it ain't so easy getting up and out of those low cars.

    My 5400 pound crew cab pickup gets 27 mpg.....why would I want a car?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    @cohodk said:

    @dcarr said:

    @Wingsrule said:

    @VanHalen said:

    Ford announcing they are canceling all sedans has me down. :'(

    Will be interesting to see what happens when gas prices spike the next time. Whether that’s 3 months or 3 years down the road is beyond my little brain.

    It was a little less than 3 months ;)

    A 2018 Ford Escape gets better fuel economy than a 2008 Ford Taurus.

    2008 Ford Explorer 14-20 mpg.
    2018 Ford Explorer 19-27 mpg.

    I don't know about you, but I don't like sitting 6 inches off the ground and seeing a bumper at eye level at a stop light. And it ain't so easy getting up and out of those low cars.

    My 5400 pound crew cab pickup gets 27 mpg.....why would I want a car?

    In the land of SuperSizeMe why would anyone?

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭
    edited July 6, 2018 6:21PM

    My 5400 pound crew cab pickup gets 27 mpg.....why would I want a car?

    Because...............cars go zooooom…...

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    Global Debt now at $247 trillion. 318% of Global GDP.

    global-debt-increased-8-trillion-q1-year-rising-record-247-trillion

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    What? Me worry? :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,116 ✭✭✭✭✭
    edited July 11, 2018 8:48AM

    The decline from democracy to tyranny is both a natural and inevitable one.

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    That's a good chart to take under consideration.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    The U.S. Dollar: A Victim of Its Own Success

    "While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @derryb said:
    The U.S. Dollar: A Victim of Its Own Success

    "While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."

    Quite impressive for something you've repeatedly said is worthless.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    @cohodk said:

    @derryb said:
    The U.S. Dollar: A Victim of Its Own Success

    "While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."

    Quite impressive for something you've repeatedly said is worthless.

    I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:
    The U.S. Dollar: A Victim of Its Own Success

    "While the U.S. was bullying the world with dollars, the world was quietly preparing a new nondollar system. The U.S. wanted diplomatic and military clout and it got it with the dollar."

    Quite impressive for something you've repeatedly said is worthless.

    I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.

    When?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    President Trump is making note of the fact that the Fed is raising rates after years and years of ZIRP, that it is a political move, and that it will affect the economy. This will get interesting, I think.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @jmski52 said:
    President Trump is making note of the fact that the Fed is raising rates after years and years of ZIRP, that it is a political move, and that it will affect the economy. This will get interesting, I think.

    Is he looking for a scapegoat?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.

    When?

    A wee, wee bit each day.
    Maybe no one will notice.
    Very few have.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    After having wealth wiped out 3 times for most Americans I am surprised others don’t see these truths. Held rates down too long. They are trying to correct let’s all hope it works out.

    Best place to buy !
    Bronze Associate member

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    @cohodk said: Is he looking for a scapegoat?

    If he is correct, is it a scapegoat or an accurate assessment?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @jmski52 said:
    @cohodk said: Is he looking for a scapegoat?

    If he is correct, is it a scapegoat or an accurate assessment?

    Scapegoat. 3% interest rates won't kill the economy.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:

    I have always argued that as a geopolitical weapon it is successful. Now we will see if fail in two areas.

    When?

    A wee, wee bit each day.
    Maybe no one will notice.
    Very few have.

    Folks have certainly noticed.....I read tales of woe on this forum everyday.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited July 20, 2018 5:25AM

    @Kkathyl said:
    After having wealth wiped out 3 times for most Americans I am surprised others don’t see these truths.

    3x? Gold and silver have only lost most of its value 2x in the last 40 years. ;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭
    edited July 20, 2018 8:43AM

    @cohodk said: Scapegoat. 3% interest rates won't kill the economy.

    Then why have rates been at 0% for the past 10 years? I see rising rates at this time to be a political ploy. Pure & Simple.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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