All Activity

@ThoughtCriminal has already said as much about the prison service as well. young starting coppers on £28k(it was less I believe) but in all honesty it's not a job Id do for that moeny.only got to go wrong once. I see young female coppers hthrough work adn I wouldnt fancy their chances much if they had to scrap one on one with soem of the scumbags that are outthere. big thing going on with ambo is that the reserves of expernerince are getting thinner and thinner.loads leaving,using your aldi line of reasoning.with each stressfulsituation,you fall back on the experince of the crews involved(ike the police) and increasingly,there;s less there.as theres less there,.....thre's less there....... seeing it in the armed forces as well.

Good but........please write it again. You forgot the boomers, each and every one of them. Otherwise people will start looking where they're not meant to.

As the saying goes there is no cloud it`s just someone else's computer Who the fuck backs up their data on the same service is beyond me , i know fuck all about tech surely this is just basic logic

Exactly that, and I know police get a bashing here but imagine young police officers earning similar crap wages and having to roll around on the floor with exactly the same ilk as well as in domestics. It’s a thankless task. Why not work as a manager in Lidl/Aldi for more money for less grief? That never gets a mention in the media on a near daily occurrence, druggies biting and spitting blood in their faces etc. These aren’t retired officers of old enjoying the benefits of carving themselves a niche role away from the coal face, putting up with the shit until doing their time and retiring and getting an inflation linked pension (that carrot has long gone). You can start to understand where the structural integrity fails of the county. The emergency services will be the first to crack and we are already seeing that.

worked last night.Was on with a young 22 year old ambulance technician who's paying £500pcm (bills in)to live in an HMO that has a slug infestation and mould in his room. Nice lad,learning away.I'm careful what I say at work but I been in a couple of tight situations with this lad and he's a solid guy.I was asking him about what his generation think of bennies and how they're getting shafted by student debt,living costs,taxes etc.He basicaly said msot don't know but he's learning. ANyway,cut to 0300 and we're traipsing around the city looking for a 'frequent flier' alcoholic with chest pain/suicidal thoughts(normal rotuine is to get assessed then decline transport to A&E) prob costing taxpyers circa £300/£400 in wasted time. FInally he pitches up out of the dark,pit bull in tow.We go to flat,go to ambo,assess and get chatting. The guy starts talking bennies so I ask him what he's on.Guys says £300 Universal credit every week,then he gets £500pcm in PIP for his bad backevery four weeks .He pays £73 per week for his flat from that. SO my mate is blown away by the figures,he does the calcs,and then says 'so you're bascially getting £1700pcm in benefits?' guy smiles and goes 'yep' and takes aswig of hsi Knight cider can 8.4% My mate is spewing. 'that what I earn in a month and I pay £350 in tax and NI'................... I was laughing,the alcie was laughing,swigging his cider. you couldn't make it up.maybe the alcie was winding him up. afterwards the lad got proper reflective and a bit down.his life is sh1t and hard work,he goes home to his slugs and naother night shift tongith and the alcie goes home to his lie in in his one bedder courtesy of the taxpayer. we're gonna lose a generation when they wake up edit to add-the best bit was the alcie was moaning because his girlfriend had nicked his phoine and had buggered off with it.shes a crackhead he was telling us and he was fuming,going to get a couple of people to mug her when she picks up her cash before she blows it on crack. apparently,it's a common tactic in that world to mug each otehr when they land cash,methadone or crack(he said that not me) honestly,it's a differnt world to the one the polos live in

All I know is I’m riding PMs up until just before $50 silver then I’m selling half as was always my intention. Forget $200 and $300 targets etc. What kind of world would we be in industry wise with the likes of production with PGMs and silver (more importantly copper) following at those levels in the face recessionary demand forces and job losses. That shitshow is for physical not for the likes of miners in ISAs/SIPPs. Looking at the charts in relation to DXY dropping from here, $35 could be next in line but Asia spot is the lead to watch if it continues to rise. In the west it requires much more fear in the markets, which isn’t anywhere there *yet*. $50 will be a major resistance (shouldn’t be because inflation adjusted is ridiculously higher) but without the fear it’s what the market ‘expects’ from here past $30.

DH has taken some heat,but the one comment of his that will stay with me a long time is when he said he's glad he'll be dead by the 2040's when things gets dark. There's two sides to Hunter.One is his macro work and the second is where those macro paths will lead. For the UK I think we'll see declining real incomes for 20 years then a civil war/seismic social dislocation of some sort,most likely based on religion,possibly ethnically based as well. It's not something I want to see at all,but that's the path we're on.History is full of such examples. I think DH is too rigid in thinking where the 80% off will occur I think we will see is a huge drop in living stanrdards in the West-poss 80% for the average joe but likely less maybe 50%- the question of how we get there is where I'd differ with DH.We could see asset prices fall but prices rise,we could see asset prices fall disastrously,prices falling but a lot less.We could see jobs hold up but sterling crumble etc etc.There are jyriad ways to skin the middle class but skinned we will get. Im defo with DH that things are going to get grim. ref the second bit in bold that's an astute observation imho and one I'll take on board.I have been tlaking(to myself) like dedollarization necessarily means the end of the $ but it doesn't as you point out.

We have been half arsed looking at houses in our area that come up for sale. So far we have seen nothing worth borrowing more money at higher rates / selling shares from tax wrappers / selling premium bonds / selling gold and/or silver for. If something with a decent chunk of land / outbuildings came up at sensible money in a more rural location, I would be doing the back of a fag packet calculations with a view to making an offer.

It's chancers like her who are going to get bailed out shortly no doubt.

Not always the case. I could buy a house in a higher price range than my current one, but it just doesn't represent any kind of value for money for me. I see houses that people bought around the time I bought mine, trying to get twice the price when the market has 'only' gone up by 15% in that time at a push. Anything that is what you may call 'reasonably priced' goes SSTC within a month, but there's so few examples of that.

They will be the ones wearing the equivalent fur coats as we all pick amongst the equivalent WW2 ruins.

You and I maybe now have a fundamentally different approach. I leant towards yours in the "smooth and easy" past but that Lynn point to me is key. Valuations, etc take time to play out and have little impact on day to day prices. Problem is, stuff like what Lynn says are likely to screw up that play out. I believe you have to become more tactical and, given the volatility/instability, price is your main guide. So trend following is key. Naturally, not all eggs in one basket for several reasons (e.g. the various risks) so a spread such as balanced portfolios, value portfolios, and hard asset portfolios. But you have to be tactical in a significant way. There is simply too much instability and too many narratives to make too many assumptions with sufficient confidence. And I say this as someone who is very well placed to work company financials, etc in detail. I have to play to what I see in front of me rather than my particular skills. It sounds like you do too to some extent. You may mine a particular set of macro inspired seams but you work them, in and out, as they fluctuate. Me too, except I use technicals to identify those seams and am very comfortable, indeed primed, for a world like Lynn suggests. You mentioned once how David Hunter would advise the traders. They held his comments in mind for context but worked what was on the screens in front of them. These are the two extremes. In more benign times you could lean more towards the Davids, but now I feel I need to be more closer to the screens. I listen and take note but appreciate it will increasingly take a fair wind to deliver. As with options, we now need to get the direction AND timing right even in non-option trades. Essentially just expected value: probability (risk) times value of the outcome. Risk has increased (probability fallen) and so has the expected value fallen. Risk has increased in both number and severity. Tactical plays, although more work, may better reduce the risks by reducing the network. I'm currently as less keen on investing for the strategic long term as a CEO would be in investing in the North Sea. That is apart from hards assets!

I listened to a PM dealer saying (on Palisades Radio?) how they were divesting client holdings from Singapore given what happened (over Covid?). I have no idea what his concern was as there was no follow up question.

Pareto: 80% of lurking here is not suckling on the mainstream (e.g. those 60:40s, bond losses, etc). Then the last 20% for what you otherwise do (what and who you listen to here). Our objectives restricted how hard we played the 2020 upside but we definitely avoided those losses - that's numero uno for us atm. But we don't sit equally between Mr 60:40 and Mr DB, we are heavily (but not completely) skewed towards Mr DB. Just where we want to be!

Agreed. That and John Williams running the current numbers with more historically consistent calculations to give what I have always maintained....... TLDL: Inflation seriously understated with knock on effects on GDP, etc. US employment data not fit for purpose. Etc. Similar here? When I first started, they told us only the French cooked the numbers!

PMs go nuts on a Friday and the Israelis kick off over the weekend. Interesting....

Labour will be a disaster as we know.Listen to Putin answering those questions then look at the Labour front bench.They are my childrens enemy,not Putin.Just imagine that.

feels like shes rolling on a cactus all the time..... JC interesting interview.Pt took AZ vaxx and had immediate adverse severe reaction thats still ongoing 'tens of thousands are feeling like me..' Patient states her adverse reaction wasn't included in the end of trial data because she didnt take second shot she was classed as a 'drop out',hence the end of trial report is missing a decent amount of the adverse reactions Even worse,the company running thr tiral rang the patient to tell her not to take the second shot........ She talks about the 'Prep Act' which basically prevents vaxx injured from suing.She found a law firm that has found a way of suing AZ at 29 minutes ,not through vaxx injury law but through contract law as AZ promised to help her financially if things went wrong..

My whole point is that hasn't anything ever in his life, and nor will heever stick to anything ever. Further, I would point to the near total LACK of backlash he got as the real "dog that didn't bark" here. 9 times out of 10 the backlash is stage managed rather than organic IMO.

That is the only solution.

I already have left.

If the crash as you describe happens travel won't be allowed. They won't let people leave.

I have memorised my seed words. I can travel the world with 10+ years of living expenses in my brain. I have no worry's about getting gold bars confiscated at the airport. Everyone should have little bit.

Has he though? Really? He burbles on - like he does about everything - but will he stick to it after some backlash? Doubt it?

Agreed, and to be grudgingly fair to them, that's kind of the point of politicians: to reflect the will of the people. Let's ignore for a moment how that will is manufactured...