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Post by kenmb on Jan 21, 2021 10:01:34 GMT -6
Hardly worth posting. More insanity for an insane world. The cure for a debt problem that is completely out of hand is more debt. But we don't call it debt any more, simply call it currency printing and say it doesn't really have to be paid back. As I said in the past, once the debt got obscene it became clear it never did have to be paid back - it's just a tool of the debt slave scam. www.zerohedge.com/economics/specter-mmt-smartest-thing-we-can-do-act-bigThe reason why I didn'tbuy btc years ago was I was thinking about sane answers for an insane world We are really at a critical point in time. Is Biden the rightful POTUS? If so, expect much more insanity. If he isn't, the answer would seem the world may actually become sane over time. Place your bets accordingly.
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Post by SWMan on Jan 26, 2021 21:24:49 GMT -6
Good video from George on the topic:
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Post by kenmb on Jan 27, 2021 13:39:12 GMT -6
Yes, another good video.
Just something to note, the IMF and World Bank are headquartered in Washington DC, along with a whole bunch of other organizations that run your life. Interesting that DC is effectively its own nation and so many entities set up global operations there.
One of the finer points in the vid is that there is an effectively decentralized system if all major banks are competing with each other. Now, if a guy follows what George is musing about, and the possibility that one entity could essentially run the world, how long would those private banks remain in competition with each other if someone decided a few hundred or a thousand years ago that, if they were the only lender in the geographic area, they effectively set policy. Of all the cut throat businesses where you would use every trick in the book to take out the competition, how far would banking go.
Or, the banks could legitimately be private operations in competition, but if a larger organization is setting interest rates or deciding what bank can do what, then those individual banks can't really be understood as fully independent and thus free market.
And, as George notes, any time you read or hearing some elite musing about something, or studying something, or relying on words and terms that recently entered your life, you are best to consider that the plan was made a long time ago and you are being introduced to something already long decided. The scamdemic is what it really is.
A politician making a dumb move, or setting policy that is idiotic to you does not mean the politician is stupid. It means you don't understand the objectives. But then, all this would imply things are far more controlled then you really think.
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Post by kenmb on Jan 27, 2021 17:30:27 GMT -6
Gamestop
Interesting if you think of it as the game stops.
So people playing big money are upset that a bunch of people coordinated actions and drove a heavily shorted stock higher. Thus causing big money people to loose money.
Anyone not following this system.
See, it's ok for a free market capitalist system built on investor knowledge of markets to set the price of a publicly traded company by owning or selling shares. But then throw in the idea of highly leveraged gambling that a share price will go lower. Because this does nothing to help price discovery by the way. But is ok to play the casino, UNTIL someone gets the idea they can coordinate with others or simply throw a God awful amount of money at a stock (amplified with leverage being built right into the system) and manipulate the stock thus helping/hurting those holding the stock.
Just suppose, this Gamestop scenario happens all the time, and is in fact the reason the system exists as it does today. You could theoretically destroy a company you don't want competing or build up one that has no legitimate right to be where it is. Like, say Tesla. Again, interesting Elon was the high profile elite who tweeted about Gamestop.
Now, suppose we apply this thinking when asking why Bitcoin has a futures position.
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Post by bob123 on Jan 27, 2021 21:36:49 GMT -6
I've been watching the gamestop show on wallstreetbets since it was at $12 and have quite enjoyed the show. These hedge fund managers whining about individuals "manipulating" the market when that's what they have based their whole career on and to a much larger scale
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Post by kenmb on Jan 28, 2021 9:41:57 GMT -6
Yes, the system is built for manipulation. There is no other explanation why it would be allowed to exist with the functions built in. Such as leverage. Some will simply say it's built to act as a casino, which is in of its self a bad thing, but it goes beyond that.
I am surprised precious metals are holding up right now.
The narrative is that anytime wall street needs quick funding due to a market downturn then metals are sold first because of quick and easy liquidity. However right now hedge funds are said to be out something like $100B and are covering shorts yet metals aren't moving. I would think if any entity is holding a large volume of precious metals, it would be hedge funds. But instead the "news" is saying hedge funds are selling their long positions in large cap stocks.
I am no market wizard and don't know the ins and outs, so I just find this curious.
Apparently tomorrow may be interesting as short positions must be settled then. Unless there are some more allowances made to make sure big players don't get hurt. It always seems to work that way. A lesson was learnt in precious metals a long time ago when some big positions asked for delivery and the metal wasn't there. So now a contract can be settled in dollars, no need to ever settle in the actual commodity. Our free markets at work.
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Bitcoins
Jan 28, 2021 19:32:04 GMT -6
via mobile
Post by shmiffy on Jan 28, 2021 19:32:04 GMT -6
That is my biggest complaint about futures markets. They just make contracts out of thin air and there is no actual supply and demand.
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Post by bob123 on Jan 28, 2021 23:23:04 GMT -6
I think this is a pretty accurate summary of the gamestop situation so far
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Post by kenmb on Jan 29, 2021 9:02:39 GMT -6
Pretty good summary video there Bob. Looking at the big picture just blows my mind. The world we live in, as it exists, and is considered normal. People will even defend the mechanisms as being sensible. You can naked short a stock to the tune of 140%. First of all shorting is a mind boggling idea as it pertains to free market capitalism. You don't actually buy the stock, because that would make it go higher in value. You "borrow" it (some how that helps establish market value?) and then you sell it to someone else. And you don't actually settle up on this affair until some point later in time. And then you introduce the idea of naked shorting where you borrow stocks that don't even exist. They aren't even available to outright purchase, but you can borrow them anyway and conduct a business transaction. All this is part of free market capitalism. People really need to understand how controlled the world is. This is not just a confluence of events revolving around Gamestop and some Robin hood traders. This is the FCC, SEC, government, all the big money players, etc all saying the idea of naked shorting is fine. As they promote free market capitalism and why you should invest in the stock market. Just mind boggling that people go through life thinking the world is fine. Because if something was wrong, it would be changed. And so they will say naked shorting is fine. Anyway, silver is interesting this morning. The narrative should be major self off to cover losses this week. But the opposite is happening. Given how controlled things are. I never look at anything and say this is a grass roots movement. I would people are at work behind the scenes making sure these things happen. The fact buying restarted today means someone is working to make sure this plays out in a certain way. The stock market may blow up, but my hope is its a controlled demolition. We will see.
I got a real hard time panicking about selling grain right now. So much cash sloping around in the system and crap going on I am still sitting thinking there is more to chase commodities higher yet. We will see. Many looks at charts and historical prices thinking they can compare to previous years but ignore the $Ts pumped into the system the last 8 months.
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Bitcoins
Jan 29, 2021 12:07:15 GMT -6
via mobile
Post by shmiffy on Jan 29, 2021 12:07:15 GMT -6
Now this has opened my eyes alittle more. Last year when oil stocks were at all time low. I couldn’t buy any through my Td online trading account. Now looking back. It makes sense why a stock with good cash flow and a solid balance sheet would go so low.
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Post by kenmb on Jan 30, 2021 11:22:00 GMT -6
The implications are starting to sink in. Right wing people are now domestic terrorists but show the idiots how the system is screwing liberals out of their money and they will become domestic terrorists too if they decide to make their anger vocal. As I say, making people understand the world around them is goal #1 in my opinion. Wallstreet and peoples money is now in the spotlight for people to see, if they choose. Naked shorting. Really? To the tune of 140% of available stock. That is 40% counterfeit stock in play. And then the media and "experts" say the individual investors are manipulating the markets because they openly talked on social media. I mentioned propaganda a few weeks ago. And how extensive it is. As I said then, really think about it, where it is, how it influences your thoughts. Case in point. Compare a discussion of stock investment on a forum to a hedge fund. A hedge fund takes in say, $400B and then has one group of people decide how it will be used. This is far more organized than a bunch of individuals on an forum saying "let's do this", because there is no central control on the forum, but there is at the hedge fund. Many hedge funds operating with $T's combined. Their jobs are professional money managers to identify opportunities and act with the mass of wealth at their disposal. And not a single one has ever identified a hedge fund being so far out in bizarro world of 140% short. But some guys on a forum with readily available info did, and managed to organize a focused avenue with millions of people being equivalent to a hedge fund team of eight people saying "let's act on this exposure we see". This tells me those hedge funds aren't in competition. No surprise. If they were, I couldn't say it is all rigged. Second, I have a hard time thinking a bunch of individuals can organize and beat the rigged system. It needs help. So I note Elons tweets for example. And I wonder now if this Game Stop play, if influenced by higher powers, may be an introductory step to the bigger prize. The most manipulated markets in the world are precious metals. And, these little investors are talking about making a move on the silver market. Led by someone with an idea where to go next. If hedge funds are beat up pretty hard on their stock shorts, and are big players in currency /gold/silver manipulation, then there could be some interesting things in store.
The fact silver was up 4.4% yesterday at close was certainly against the narrative of big money scrambling for quick liquidity to cover shorts like always. Stock indices were down and followed the narrative, while gold and silver up. I was thinking of picking up some more oz's of silver yesterday assuming I would see a 5 to 7% drop. Might buy some anyway.
I found this post to give a good run down of the naked short fiasco market-ticker.org/akcs-www?post=241454
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Post by kenmb on Jan 30, 2021 11:45:28 GMT -6
Let's say short selling is used to take over a company who is not in the club, or discipline one who is falling out of line. If precious metals is a rigged game, then owning or anything to do with production means the squid has tentacles on you in some way. So the short on First Majestic silver miner is being promoted by the Reddit group. If the short is not for any real reason such as value, reserves, profitable mining, etc but rather as an attack, then it could be interesting. Once again, a way to open the door to a bigger play. Some discussion on TFMR here, probably more to find if I look around today. www.tfmetalsreport.com/blog/10665/comex-silver-and-reddit?page=1&views_refresh_noscroll=1
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Post by Oatking on Feb 8, 2021 16:32:55 GMT -6
Tesla s Musk was investing some serious money into bitcoins. That guy putts his money where his mouth is.! bitcoins up again.
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Post by kenmb on Feb 9, 2021 11:42:14 GMT -6
No end in sight for BTC. Can't bet against it when the media only brings good news about it and then someone like Elon drives it too. Then there is Dogecoin to get into and give Etherium some love too.
I wonder if Congress is going to go after Elon for market manipulation now too. He got into trouble with SEC last year or two years ago for tweeting about Tesla and moving the price. Thats our capitalist system operation on full display. I do find Elon to be a curious character.
I think the bitcoin phenomenon can be explained easy enough, it is similar to the people in this video. It's hard to bet against such reality. When people don't understand much, they will beleive anything.
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Post by Oatking on Feb 9, 2021 15:55:51 GMT -6
That was great ken. God is great, beer is good and people are crazy! Unbelievable is all I can say! Maybe that is good though Ken, we can buy up the silver and corner the market. He He He.
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