Credit deflation and the reflation cycle to come (part 3)

[JMD]

4 hours ago, Don Coglione said:

Whilst this is undoubtedly true, if the West is fucked (and it is), what takes its place?

Perhaps we could give Japan another go!!

[JMD]

4 hours ago, Hancock said:

This issue with Armstrong is he is the biggest bullshitter out of all the bloggers, twitter people and is constantly wrong.

Chinas neighbour Kazakhstan has more than enough unused land to feed the Chinese. 

But isn't Kazakhstan very much Putin's backyard? I believe the two countries have strong military treaties.

[Hancock]

5 minutes ago, JMD said:

But isn't Kazakhstan very much Putin's backyard? I believe the two countries have strong military treaties.

When i was last there about 3 years ago one of the locals i was working with was saying Chinese are buying up huge swathes of land.

I drove for about 10 hours from the Russian border to Aytrau and it was just unused flat land that went on forever, presumably viable for farming.

https://www.google.com/maps/dir/Atyrau,+Kazakhstan/51.4552978,52.9619718/@50.8535822,51.2549209,964022m/data=!3m1!1e3!4m9!4m8!1m5!1m1!1s0x41a3ea26f5b2dd0d:0x3e4a125c0e268d2d!2m2!1d51.9238373!2d47.0944959!1m0!3e0

[DurhamBorn]

Il just leave this with you ,they do everything to stop transfers and now this 

https://www.telegraph.co.uk/pensions-retirement/news/pension-savers-shoe-horned-woke-funds/

Il give you a little something from the NEST report,

Total expense ratio 1.8% 

Holdings, 51% Global aware global equity.Tesla is in their top 10.

I returned in 16 months what they returned in 6 years.

 

"Sarah Pritchard, of the FCA, said: "These proposals will ensure that customers who don’t take financial advice can benefit from a professionally designed investment strategy, and reduce the risk of their retirement income being eroded by inflation."  

[Loki]

 

[Transistor Man]

38 minutes ago, belfastchild said:

I think it was in Bravo Two Zero I read that they carried 4 sovereigns sewn into their belts to help get the fuck out of dodge.
 

What made it back after Gulf War 1 was sold off in 1996. 

[feed]

So we just had our pay rise offer confirmed.  

In the first year of the agreement the Company proposes to increase salaries, by 5.15% effective 1 November 2021
In the second year of the agreement the Company proposes to increase salaries, by RPI (with a 2% floor) effective 1 November 2022

Over the prior 5 years, it averaged to 2.5% a year. 

 

[JMD]

3 hours ago, Starsend said:

For silver I hold a mix of one ounce coins, one ounce bars and ten ounce bars.

You get more silver per $ if you buy a ten ounce bar due to the costs of fabrication being higher on one ounce coins. They are all extremely liquid. I've avoided the larger bars because I believe you don't get much more silver per $ than a 10oz bar and they could obviously get very expensive if silver rocketed. A 10oz bar could be $2000 if silver hits $200 but it will still be affordable to many, a 100oz bar not so much.

 

Hmm, what if you were dumb enough to have bought 5kg 'coin bars' (ie used to mean no vat)... just asking for a friend you understand!

[harp]

22 minutes ago, Transistor Man said:

What made it back after Gulf War 1 was sold off in 1996. 

Hope they got the black and nasty tape residue off those coins 😉

Bravo two Zero. Fiction of course 🙄

[CannonFodder]

Was in an annoucement at work that they going to chance the default pensio  fund to green options and funds, company choice. current default is a ftse type tracker.

Will hit many that just pay their percentage in and dont check.

[Barnsey]

39 minutes ago, feed said:

So we just had our pay rise offer confirmed.  

In the first year of the agreement the Company proposes to increase salaries, by 5.15% effective 1 November 2021
In the second year of the agreement the Company proposes to increase salaries, by RPI (with a 2% floor) effective 1 November 2022

Over the prior 5 years, it averaged to 2.5% a year. 

 

Seriously impressive! May I ask which sector?

[Starsend]

37 minutes ago, JMD said:

Hmm, what if you were dumb enough to have bought 5kg 'coin bars' (ie used to mean no vat)... just asking for a friend you understand!

Well if silver went to $200 then your bar would be well north of $30000. Not so easy to sell probably and you can't split it up into different tax years for CGT. You'd take a big tax hit when you sold.

[feed]

6 minutes ago, Barnsey said:

Seriously impressive! May I ask which sector?

Ford. 

With hourly and salaried, Ford of Britain and Ford credit (they'll get a similar amount) probably around 10,000 people will get that.    

That's UK only. Not sure what the Germans will get. 

[JMD]

5 hours ago, SpectrumFX said:

What took the place of the Roman Empire?

Barbarism and chaos are always an option.

 

But I don't think chaos is what happened. The dark ages weren't so 'dark', mostly just an end to the 'classical era' and where culture stagnated for a while, meaning that there was not much for classical historians to wax lyrically over(!), and the power vacuum wasn't filled by vandals and visigoth types. Instead Europe eventually got King Charlemagne and he was pretty good... however his dynasty eventually split into France and Germany, and so it all went down hill from there!!         ... My hopeful point would be that maybe we too can similarly navigate what lies ahead - on the other hand massive economic reform in the West, plus the China problem/fallout, both happening over the next 20 years, are going to be epically 'interesting times'! 

[MrXxxx]

https://www.msn.com/en-gb/money/other/hochschild-shares-rebound-as-peru-scales-back-mine-closure-ambitions/ar-AAR8bo1?li=AAwnS0s&ocid=mailsignout

So there you go, we are not the only country that has an idiot as a PM!...OK, they have 'pulled back', but if you were big business thinking of major investment somewhere you wouldn't now consider the 'lose cannon' that is Peru.

[Talking Monkey]

6 hours ago, Don Coglione said:

Whilst this is undoubtedly true, if the West is fucked (and it is), what takes its place?

What if China is even more fucked

[Talking Monkey]

6 hours ago, Hancock said:

This issue with Armstrong is he is the biggest bullshitter out of all the bloggers, twitter people and is constantly wrong.

Chinas neighbour Kazakhstan has more than enough unused land to feed the Chinese. 

What's this computer he keeps banging on about. I might have it wrong but is he saying he's developed this computer program that he pumps data into and it gives him this forecast spiel, if so then he's mainly bullshitting. Looks like a fraudster to me, there'll be nuggets of plausible stuff but mostly bollocks. 

[Talking Monkey]

4 hours ago, Starsend said:

Just weigh it. Exactly 31.1 grams in a troy ounce. Can't believe if it's been hollowed out and filled with something else that it's going to weight exactly the same. Does Tungsten weight exactly the same as silver? Dunno.

Definitely less risky to buy smaller stuff though, far less likely to have been fucked with.

I've never bought physical, if I did I'd buy it from the royal mint website as I assume it wouldn't be dodgy. Are there any flaws or risks in my assumptions. 

[Loki]

6 minutes ago, Talking Monkey said:

I've never bought physical, if I did I'd buy it from the royal mint website as I assume it wouldn't be dodgy. Are there any flaws or risks in my assumptions. 

I would never buy from the Royal Mint on principle after their cynical "£20 face value" half ounce coins.  

"Oh but it's not circulating currency you see"

Much better companies out there.  I have only good things to say about coininvest and Bairds.

[Funn3r]

21 hours ago, DurhamBorn said:

They do cheap hair transplants another dosbods curse sorted and even cheaper now 

They don't look that good though, at least the guy I know did it in Turkey and looks not quite right. A bit like these hard standings for cars which have spaces between the bricks for grass.

[Axeman123]

20 minutes ago, Talking Monkey said:

What's this computer he keeps banging on about.

He claims to have built a super-intelligent AI, that can have an actual conversation, decades ago and using consumer(?) IT equipment. Elon musk is struggling with self-driving, and he is/was the world's richest man with his own space program FFS. What does Mr Armstrong use his world beating technology for? A subscription investment newsletter!

[Talking Monkey]

10 minutes ago, Loki said:

I would never buy from the Royal Mint on principle after their cynical "£20 face value" half ounce coins.  

"Oh but it's not circulating currency you see"

Much better companies out there.  I have only good things to say about coininvest and Bairds.

Cheers dude, I'll look at them

[moneyscam]

4 hours ago, SpectrumFX said:

That's true. I mean, what did the Roman's ever do for us?

 

[Talking Monkey]

6 minutes ago, Axeman123 said:

He claims to have built a super-intelligent AI, that can have an actual conversation, decades ago and using consumer(?) IT equipment. Elon musk is struggling with self-driving, and he is/was the world's richest man with his own space program FFS. What does Mr Armstrong use his world beating technology for? A subscription investment newsletter!

Exactly when you put it like that it's all utter bollocks, pure con. What he's putting out is spiel it's defo not something spat out by a super clever AI type computer.

[leonardratso]

didnt read amstrong for oh, maybe a couple of years now, its like weaning yourself off the DM or zero hedge - you dont actually miss anything by not reading them because its all regurgitated 3rd hand embellished bollocks by the time its on those sites. Clickbait bullshite.